SYLLABUS M.A. (ECONOMICS) MAHARSHI …

1 SYLLABUS (ECONOMICS) MAHARSHI dayanand university . MAHARSHI dayanand university Rohtak SYLLABUS and Courses of Reading for Economics I & II Semester Examination Session 2008-2009. Available from: Asstt. Registrar (Publication) Price : MAHARSHI dayanand university At the Counter : Rs. 50/- Rohtak-124 001 (Haryana) By Regd. Parcel : Rs. 75/- By Ordinary Post : Rs. 60/- SYLLABUS (ECONOMICS) 1 MAHARSHI dayanand university 2. Semester III. Economics 2008-09. (Course Structure) M. Marks Int. Time Semester I Asst. M. Marks Int. Time Paper-XI Indian Economy-I 80 20 3 Hrs. Asst. Paper-XII International Trade and Finance-I 80 20 3 Hrs. Paper-I Microeconomics-I 80 20 3 Hrs. Paper-XIII Public Economics - I 80 20 3 Hrs. Paper-II Macroeconomics-I 80 20 3 Hrs. Paper-XIV & XV Optional (Any two of the following) 80 20 3 Hrs. Paper-III Economics of Growth and 80 20 3 Hrs. (i) Mathematical Economics - I 80 20 3 Hrs. Development-I (ii) Industrial Economics - I 80 20 3 Hrs.

2 Paper-IV Mathematics for Economists-I 80 20 3 Hrs. (iii) Agricultural Economics - I 80 20 3 Hrs. Paper-V Statistical Methods-I 80 20 3 Hrs. (iv) Financial Institutions and Markets-I80 20 3 Hrs. (v) Econometrics-I 80 20 3 Hrs. (vi) Oprations Research-I 80 20 3 Hrs. (vii) Managerial Economics-I 80 20 3 Hrs. Semester II Semester IV. M. Marks Int. Time M. Marks Int. Time Asst. Asst. Paper-VI Microeconomics-II 80 20 3 Hrs. Paper-XVI Indian Economy-II 80 20 3 Hrs. Paper-VII Macroeconomics-II 80 20 3 Hrs. Paper-XVII International Trade and Finance-II 80 20 3 Hrs. Paper-VIII Economics of Growth and 80 20 3 Hrs. Paper-XVIII Public Economics - II 80 20 3 Hrs. Development-II Paper-XIX & XX Optional (Any two of the following). Paper-IX Mathematics for Economists-II 80 20 3 Hrs. (i) Mathematical Economics - II 80 20 3 Hrs. Paper-X Statistical Methods-II 80 20 3 Hrs. (ii) Industrial Economics - II 80 20 3 Hrs. (iii) Agricultural Economics - II 80 20 3 Hrs. (iv) Financial Institutions and Markets-II80 20 3 Hrs.

3 (v) Econometrics-II 80 20 3 Hrs. (vi) Oprations Research-II 80 20 3 Hrs. (vii) Managerial Economics-II 80 20 3 Hrs. SYLLABUS (ECONOMICS) 3 MAHARSHI dayanand university 4. (Previous) Paper-I monopoly and bilateral monopoly, monopolistic competition. Semester - I Welfare effects of price control, price support and production quota. MICROECONOMICS-I Note : Maximum Marks : 100 The question paper shall have five units. Each of the External Examination : 80 first four units will contain two questions and the Internal Assessment : 20 students shall be asked to attempt one question from Time : 3 Hrs. each unit. Unit five shall contain eight to ten short Unit-I answer type questions without any internal choice and Nature and scope of Economics and Microeconomics. it shall cover the entire SYLLABUS . As such, unit five shall Positive and normative analysis. Role of assumptions in be compulsory. economic analysis. Circular flow of economic activity. SUGGESTED READING.

4 Concepts of household, firm, factors of production, equilibrium, Koutsoyiannis, A. "Modern Microeconomics" (Mac millan). partial and general, static, comparative static and dynamic Lipsey, and Chrysal, K. Alec " An Introduction to analysis, margin and slope. Positive Economics " (OUP). Elasticity - need and measures - Relationship between Salvatore, D. "Microeconomic Theory" (Shaum's Outline revenue and elasticity. series, Tata Mc Graw Hill). Unit-II Paper-II MACROECONOMICS-I. Analysis of consumer behaviour, demand function, law Maximum Marks : 100. of demand-cardinal, ordinal and revealed preference External Examination : 80. approaches, income-consumption curve, Engel curve, Internal Assessment : 20. substitute and complimentary goods. Time : 3 Hrs. Market demand curve; consequences of Bandewagon, Snob Unit-I. and Veblen effect. Concept of consumer surplus. Determination of Output and Employment : Classical Unit-III Approach - Output and Employment in classical Theory; The Laws of Production : short run and long run.

5 Internal and external Quantity Theory of Money and the Price Level; Classical Model economies and diseconomies. Concept of cost, derivation of without saving and investment; Classical Model with saving short and long run cost curves. Optimum input combination. and investment. Simple case of multiproduct firm. Technical progress and Keynesian Approach_Two Sector Model, Three Sector Model production function : Hick's classification. Elasticity of and Four Sector Model. substitution. Properties of Cobb -Douglas and CES production Unit-II. function. Determination of Output and Employment : The extended Unit-IV Model (Hickes- Henson Synthesis) : Fixed Price Level - The Pricing process and equilibrium of firm and industry goods Market and the Money Market; Equilibrium in Goods under perfect competition, monopoly (including discriminating Market and Money Market; Changes in Aggregate Demand;. SYLLABUS (ECONOMICS) 5 MAHARSHI dayanand university 6. Govt. spending, Taxation and Agggregate Demand; The IS- - Jha, R.)

6 (1991) Contemporary Macroeconomics LM Elasticities and Monetary Fiscal Policies. Theory and Policy, Wiley Eastern Ltd., New Delhi. Unit-III - Shapiro, E. (1996), Macroeconomic Analysis, Galgolia The Extended Model :Variable Price Level - Deviation of Publication, New Delhi. Agrregate Demand Curve and Determination of equilibrium - Survey, (Ed.) (1976), Macroeconomic Themes, priceand output level; wage- price flexibility and the Full Bo and Reed Geoffrey (1994) International Economics, Employment equilibrium; Monetary- Fiscal policies and the Full- Macmillan Press Ltd. Employment Equilibrium. - Peterson, (1978), Income Employment and Unit-IV Economic Growth, Norton, New York. Behavioural Foundation : Theories of Consumption - The - Sheffrin, Steven M. (1996), Rational Expectations, 2nd Absolute Income Hypothesis, The Permanent Income Theory edition, cambridge university Press. of Consumption; The Life cycle Theory of Consumption ; Paper-III ECONOMICS OF GROWTH AND.

7 Theories of Investment - The Present Value Criterion for DEVELOPMENT-I. Investment; The Marginal Efficiency of Capital and Investment;. Maximum Marks : 100. The Accelerator Theory; Financial Theory of Investment. External Examination : 80. Note : Internal Assessment : 20. The question paper shall have five units. Each of the Time : 3 Hrs. first four units will contain two questions and the Unit-I. students shall be asked to attempt one question from Economic growth, Economic development-meaning, each unit. Unit five shall contain eight to ten short development and under development. answer type questions without any internal choice and it shall be covering the entire SYLLABUS . As such, unit Perpetuation of underdevelopment - vicious circle of five shall be compulsory. poverty, circular cau sation, structural view of under- development. SUGGESTED READING. Measurement of development - conventional, Human - Ackley, G (1978), Macroeconomics : Theory and Development Index and quality of life indices, concept of Policy, Macmillan, New York.

8 Sustainable development. -. Banson, (1989), Macroeconomic Theory and Unit-II. Policy, (3 rd Edition), Harper and Row, New York. Theories of development : Classical, Marx Schumpeter and - Dorn Bu sch, R. a nd F. Sta nley (199 7), structural analysis of development, Lewis model of development. Macroeconomics, McGraw Hill, Inc. New York. Renis - Fei Model, dependency theory of development. - Heijdra, and Fredricck (2001), Foundation of Restow's - Theory of stages of economic growth. Modern Macroeconomic, Oxford university Press, Unit-III. New Delhi. Strategies of economic growth : balanced growth, critical minimum SYLLABUS (ECONOMICS) 7 MAHARSHI dayanand university 8. efforts, big push, unbalanced growth, low income equilibrium trap. Unit-II. Unit-IV Fundamentals of Matrices; Determinants. Solution of a Theories of economic growth : Models of growth of John Robinson system of upto 3 equations by matrix inversion and Cramer's and Kaldor, Harrod-Donar model, instability of equilibriumn, Neo- rule.

9 Input- Output analysis - Static open model. classical growth solow's model, steady state growth, meade. Unit-III. Note : Differentiation-idea of limit (but not its evaluation), meaning The question paper shall have five units. Each of the and economic interpretations of derivative. Rules of first four units will contain two questions and the differentitation including logarithms and exponential functions. students shall be asked to attempt one question from Unconstrained optimization - single choice variable; global and local. each unit. Unit five shall contain eight to ten short Unit-IV. answer type questions without any internal choice and Calculus of multivariable funtions, higher order derivatives, it shall cover the entire SYLLABUS . As such, unit five shall constrained optimization with upto 2 equality constraints. be compulsory. Note : SUGGESTED READING. 1. Purpose of the course is to learn,with understanding - Meir, (1995), Leading Issues in Economic application of mathematical tools, in economics.

10 Development, Oxford university Press, New Delhi. Derivations and proofs are to be avoided - Mishra and Puri, ERconomics of Development 2. The question paper shall have five units. Each of the and Planning, Himalaya Publishing House, Mumbai. first four units will contain two questions and the - Todaro, Economic Development, Latest Edition, students shall be asked to attempt one question Longman, London. from each unit. Unit five shall contain eight to ten - Hogendorn, J. (1996), Economic Development, short answer type questions without any internal Addison, Wesley, New York. choice and it shall cover the entire SYLLABUS . As such, unit five shall be compulsory. - Thiwal, (2003), (6th Edition), Growth and Development, Macmillan, New York. SUGGESTED READINGS. Paper-IV MATHEMATICS FOR ECONOMISTS. Maximum Marks : 100 - Chiang, Alpha C. "Fundam ental Met hods of Mathematical Economics" (Mcgraw Hill). External Examination : 80. Internal Assessment : 20 - Dowling, Edward T.