B. K. BIRLA COLLEGE OF ARTS, SCIENCE AND COMMERCE
(AUTONOMOUS)
KALYAN (W.)
Affiliated to University of Mumbai
DEPARTMENT OF ECONOMICS
Programme: Bachelor of Arts (B.A.)
SYLLABUS FOR:
F.Y.B.A. - Economics-I
S.Y.B.A. - Economics-II & III
T.Y.B.A. –Paper IV-IX
M.A Part I & II – Business Economics
Choice Based Credit System (CBCS) with effect from the academic
year 2018-19
B. K. BIRLA COLLEGE OF ARTS, SCIENCE AND COMMERCE
(AUTONOMOUS)
KALYAN (W.)
Affiliated to University of Mumbai
Choice Based Credit System (CBCS) with effect from the academic
year 2018-19
Faculty of Humanities
Semester I to Semester VI
Guidelines
Syllabus Structure:
1. In F.Y.B.A. (CBCS) in Sem I and II, there will be one paper each with 4 credits in
each semester.
2. In S.Y.B.A. (CBCS) in Sem III and Sem IV, there will be two papers with 3
credits each in both the semesters
3. In TYBA (CBCS) in Sem V and Sem VI, the Core Courses will be Core Courses
IV, V, VI, VII, VIII and IX.
Evaluation:
1. Core Courses: The Core Courses I, II, III, IV, V, VI, VII, VIII and IX will be theory
based Core Courses.The College will conduct all the semester examinations of 100
marks per Core Course in the prescribed pattern of 40 marks of Internal assessment
and 60 marks for semester end examination. The student will have to secure a
minimum of 40% marks in internal assessment as well as semester end examination
per Core Course, for all the above Core Courses.
2. In each semester, the student will have to submit Project/ Assignment/Journal for
Core Courses in the College before appearing for the Semester End Examination.
The last date of submission of the Project will be officially declared by the College.
3. The Project work will be carried out by the student with the guidance of the
concerned Faculty Member who will be allotted to the student as the Guide for the
Project.
4. In each semester, for Core Courses, the student will have to secure a minimum of
40% marks in aggregate and a minimum of 40% in each component of assessment
i.e. 16 out of 40 marks in Internal Evaluation and 24 out of 60 marks in semester
end examination/ Practical Examination.
Note: All other rules regarding Standard of Passing, ATKT, etc., will be as per those
decided by the Faculty of Humanities passed by the Academic Council from time
to time.
B. K. BIRLA COLLEGE OF ARTS, SCIENCE AND COMMERCE
(AUTONOMOUS)
KALYAN (W.)
Affiliated to University of Mumbai
CONTENT
Programme-Bachelor of Arts (B.A.)
Sr. No. Course Code Credits
1 F.Y.B.A.-Microeconomics I BUAECO101 04
2 F.Y.B.A.- Macroeconomics I BUAECO201 04
3 S.Y.B.A. - Microeconomics II BUAECO301 03
4 S.Y.B.A. – Indian Economy I BUAECO302 03
5 S.Y.B.A.- Investment Analysis I BUAECOIA301 04
6 S.Y.B.A. –Macroeconomics II BUAECO401 03
7 S.Y.B.A. - Indian Economy II BUAECO402 03
8 S.Y.B.A.- Investment Analysis II BUAECOIA402 04
9 T.Y.B.A.-Microeconomics III BUAECO501 04
10 T.Y.B.A.- Economics Of Development BUAECO502 04
11 T.Y.B.A.-Industrial And Labour Economic BUAECO503 03
12 T.Y.B.A.-Research Methodology BUAECO504 04
13 T.Y.B.A. -Environmental Economics BUAECO505 04
14 T.Y.B.A - History Of Economic Thought BUAECO506 03
15 T.Y.B.A.-MacroeconomicsIII BUAECO601 04
16 T.Y.B.A.- International Economics BUAECO602 04
17 T.Y.B.A.-Industrial And Labour Economic BUAECO603 03
18 T.Y.B.A.-Research Methodology BUAECO604 04
19 T.Y.B.A. -Indian Economic Thought BUAECO605 03
20 T.Y.B.A- International Trade, Policy And Practice BUAECO606 03
B. K. BIRLA COLLEGE OF ARTS, SCIENCE AND COMMERCE
(AUTONOMOUS)
KALYAN (W.)
Affiliated to University of Mumbai
CONTENT
Programme - Master of Arts (M.A.)
Sr. No. Course Code Credits
1 M.A Part I- Micro Economic Analysis I BPABECO101 4
2 M.A Part I- Macro Economic Analysis I BPABECO102 4
3 M.A Part I- Economics Of Banking I BPABECO103 4
4 M.A Part I- Statistics For Economics I BPABECO104 4
5 M.A Part I- Micro Economic Analysis II BPABECO201 4
6 M.A Part I- Macro Economic Analysis II BPABECO202 4
7 M.A Part I Economics Of Banking II BPABECO203 4
8 M.A Part I Statistics For Economics II BPABECO204 4
9 M.A Part II Economics of Growth & Development I BPABECO301 4
10 M.A Part II International trade & Finance I BPABECO302 4
11 M.A Part II Public Economics I BPABECO303 4
12 M.A Part II Financial Institution & Market I BPABECO304 4
13 M.A Part II Economics of Growth & Development I BPABECO401 4
14 M.A Part II International trade & Finance I BPABECO402 4
15 M.A Part II Public Economics I BPABECO403 4
16 M.A Part II Financial Institution & Market I BPABECO404 4
B. K. BIRLA COLLEGE OF ARTS, SCIENCE AND COMMERCE
(AUTONOMOUS)
KALYAN (W.)
Affiliated to University of Mumbai
Evaluation Pattern
1. INTERNAL ASSESSMENT 40 marks
1.1
1.2
1.3
One class test (Objectives/ Multiple Choice)
Assignment/ Project/ Presentation
Active participation, Overall performance
15 marks
20 marks
5 marks
2. EXTERNAL ASSESSMENT (Semester End Examination) 60 marks
N.B. 1. All questions are compulsory 2. All questions carry equal marks.
Q.1 Unit-I (with internal option)
A.
B.
C.
15 marks
Q.2 Unit-II (with internal option)
A.
B.
C.
15 marks
Q.3 Unit-III (with internal option)
A.
B.
C.
15 marks
Q.4 Unit-IV (with internal option)
A.
B.
C.
15 marks
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
F.Y.B.A. Semester- I
Microeconomics-I
COURSE CODE: BUAECO101 (2018-19) Credits- 04
Preamble: This course is designed to introduce the students to elementary concepts in
microeconomics. The student should be able to use these concepts to understand the
relevance of microeconomics to the real world. The student should be able to build on
these concepts in the future to develop deeper understanding of the Economy.
Sr. No. Modules/Units Lectures (48)
1
Ten Principles of Economics Trade-offs faced by the individuals –
significance of opportunity cost in decision making – thinking at
the margin- responses to incentives-benefits from exchange-
organization of economic activities through markets and its benefits
– seventh, role of government in improving market outcomes –
dependence of standard of living on production- growth in quantity
of money and inflation. Inflation and unemployment trade-off.
12
2 Economics and Its Methods
Microeconomics: Meaning and Scope, Ceteris Paribus – use and significance. Concept and types of equilibrium: stable, unstable,
static and dynamic equilibrium – partial equilibrium and general
equilibrium. Basic tools of economic analysis (equations and
functions, graphs and diagrams, slope and intercepts) Case study.
12
3 Markets, Demand and Supply
What is a market- what is competition-demand curves: market
demand versus individual demand - movements along the demand
curve-shifts in the demand curve, supply curves: market supply and
individual supply- shifts in supply curve–market equilibrium –
three steps toanalyse changes in equilibrium.
12
4 Consumer Behavior 12
Law of demand- Determinants of Demand, Consumer’s
equilibrium, price effect, Income effect and substitution Effects
Elasticity of Demand, Types –Priceelasticity, Income elasticity,
Cross elasticity and Promotional elasticity.Consumer’s Surplus.
Numerical Case Study.
References:
1. Mankiw, N. G. (2002), Principles of Economics, Thomson Asia Pte. Ltd., Singapore.
2. Ahuja, H. L. (2012), Advanced Economic Theory, S. Chand & Company, New Delhi. 3. Koutsoyiannis, A. (1980) Modern Microeconomics, Macmillan Press Ltd, London.
4. Samuelson P. A. & W. D. Nordhaus (1998), Economics, Tata McGraw Hill, New
Delhi.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
F.Y.B.A. Semester- II
Macroeconomics-I
COURSE CODE: BUAECO201 (2018-19) Credits- 04
Preamble: This course is designed to introduce the student to the basic building blocks
of macroeconomics. Using an open economy framework, the course develops an
understanding of the constituents of the open economy. The student should be able to
build on these constituents in the later years so as to be able to analyse macroeconomic
policies
Sr. No. Modules/Units Lectures (48)
1 Introduction
Macro Economics : meaning and Scope, Circular flow of Income in
an Open Economy–GDP-GNP-NNP- GDP Deflator–Real and
Nominal –GDP at purchasing power parity –Exchange rate as a
price –GDP Growth: India’s experience –Trends in Growth Rate
and Sectoral Composition of GDP.
12
2 Consumption, Saving and Investment
Keynesian Consumption Function- APC, MPC, Saving Function – APS, MPS, Investment Function, Types, Multiplier-Marginal
Efficiency of Capital and Rate of Interest-Accelerator.
12
3 Government
Public Goods and their Features- Merit Goods- Sources of Revenue: Direct and Indirect Tax- Impact, Shifting and Incidence
of Tax- Sources of Non- Tax Revenue- Public Expenditure:
Revenue and Capital Expenditure- Subsidies- Types of Deficit:
Revenue, Budgetary, Fiscal and Primary-Concept of GST
12
4 Mathematical Application.
GDP-GNP-NNP- GDP Deflator–Real and Nominal –GDP at
purchasing power parity –Exchange rate as a price. Consumption,
saving, investment, APC, APS, MPC, MPS.- Multiplier,
Accelerator- Deficit. GST.
12
References:
1. N. Gregory Mankiw, Principles of Macroeconomics, 7th edition, Cengage Learning,
2015
2. Sikdar, S. (2006), Principles of Macroeconomics, Oxford University Press, New Delhi.
3. Abel, A. B., B. S. Bernanke and D. Croushore (2011), Macroeconomics, Pearson,
New Delh
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
S.Y.B.A. Semester- III
Microeconomics-II
COURSE CODE: BUAECO301 (2018-19) Credits- 04
Preamble: The Course is designed to develop the student’s understanding of basic tools
of microeconomic analysis. It builds on the material covered in semester 1 and is
designed to help the student apply microeconomics to the real world.
Sr. No. Modules/Units Lectures (48)
1 Utility Analysis:
Preferences-strong ordering-weak ordering – completeness-
transitivity-rational preferences-utility as representation of
preferences-indifference curves and their properties -budget
constraint-utility maximisation and consumer’s equilibrium-income
effect-substitution effect- derivation of demand curves, Numerical
Case Study
12
2 Production Analysis:
Production function- Cobb-Douglas production function-short run
and long run returns to scale-Isoquants and their properties –
MRTS-iso-cost curves-cost minimisation and producer’s
equilibrium-derivation of factor demand curves, Numerical Case
Study
12
3 Cost and revenue
Various concepts of costs and their inter-relationship - behaviour of
costs in the short run and the long run -long run average cost curve
and it’s derivation-implicit and explicit costs total revenue-
marginal revenue-average revenue. Numerical Case Study
12
4 Competitive Markets:
Perfect Competitive Market: Features, Short Run Equilibrium of
the firm and the industry, Long run equilibrium. Price equals
12
marginal cost in competitive markets- supply curve and derivation
in competitive markets. Numerical Case Study
Reference
1. Mankiw, N. G. (2002), Principles of Economics, Thomson Asia Pte. Ltd., Singapore.
2. Ahuja, H. L. (2012), Advanced Economic Theory, S. Chand & Company, New Delhi.
3. Koutsoyiannis, A. (1980) Modern Microeconomics, Macmillan Press Ltd, London.
4. Samuelson P. A. & W. D. Nordhaus (1998), Economics, Tata McGraw Hill, New
Delhi.
5. Salvatore, D. (2003), Microeconomics, Oxford University Press.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
S.Y.B.A. Semester- III
Indian Economy -I
COURSE CODE: BUAECO302 (2018-19) Credits- 04
PREAMBLE:
The objective of the course is to familiarizethe students the basic concepts of Indian economy.
Sr. No. Modules/Units Lectures (48)
1 Economic Growth (Pre and Post Reform Period)
Changes in the growth of national income and per capita income –
Changes in the sectoralComposition of national income – changes in the
occupational structure – Changes in theDemographic features during
1951 – 2018 - India as an emerging economy in the world -
12
2 Problems in Indian Economy
Poverty- The Concept and Measurement of Poverty, Causes of Poverty
and remedies.
Economic Inequalities – The Concept and Measurement of Economic
Inequalities, Causes ofEconomic Inequalities and remedies.
Unemployment – The Concept and Measurement of Unemployment,
Causes of Unemploymentand remedies.
12
3 Agriculture and the Economy
Changing Role of agriculture in the economy–– New Agricultural
Strategy
Trends in production and productivity – Rural credit and role of rural
financial institutions –
Agricultural Marketing – Problems and remedies, Agricultural price
policy – WTO andAgriculture
12
4 Demonetization: To Deify or Demonize? 12
Objectives of demonetization and previous instances of demonetization -
India’s demonetizationas unprecedented in international economic
history - Short term costs and Long term benefits of
demonetization - Analytics of demonetization - Future policy measures
to maximize benefits andminimize costs of demonetization
in competitive markets. Numerical Case Study
References
1. Indian Economy by RuddarDatt and KPM Sundaram, S Chand Publications, Delhi
2. Indian Economy: SK Mishra and VK Puri, Himalaya Publishing House, Mumbai
3. Indian Economy; A N Agrawal, New Age Publishers, D
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
S.Y.B.A. Semester- III
Investment Analysis -I
COURSE CODE: BUAECOIA301 (2018-19) Credits- 04
PREAMBLE: The paper deals with the institutions associated with and the instruments
of investment. Apart from the study of investment theories, techniques of fundamental
and technical analysis have been incorporated to help students understand the basics of
investment selection. Elementary mathematical and statistical techniques are expected to
be used in the teaching of these tools of investment analysis.
Sr. No. Modules/Units Lectures (45)
1 Introduction:
Objectives of Investor - Characteristics of Investment: risk, return, safety. liquiditv. tax shelter, etc. - Non-marketable financial assets:
Deposit') with Banks, Instruments of Post offices, etc. - Marketable
financial assets: Money Market Instruments - Bonds or Fixed
Income Securities - Mutual Fund Schemes
15
2 Securities Market:
Primary Market and its functions - Secondary Market: its functions
and Operations - Securities and Exchange Board of India:
Objectives, Powers and Functions. Share market Analysis- BSE
and NSE.Financial Derivatives.
15
3 Securities Market Analysis:
Analysis of securities - analysis to market - Valuation - Theoretical
Framework - Schematic Presentation of Theory - investment and
time value of money -Discounted Cash Flows, present value
method.
15
REFERENCES:
1. Hirschey, M. (2001), Investment Theory and Applications, Hircourt College Publisher,
USA
2. Shalla V. K. (1983), Investment Milnagement, Security Analysis and Portfolio
Management, S. Chand, New Delhi.
3. Chandra, Prasanna (2000) Investment Analysis and Portfolio, Management, Tata
McGraw-Hill Publishing Company Ltd, New Delhi.
4. Chandra, Prasanna (1993) Finance Sense, Tata McGraw-Hill Publishing Company
Ltd, New Delhi.
5. Hirschey, M. (2001), Investment Theory and Applications, Hircourt College
Publisher, USA
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
S.Y.B.A. Semester- IV
Macroeconomics -II
COURSE CODE: BUAECO401 (2018-19) Credits- 04
Preamble: This course is designed to introduce the student to the basic building blocks of
macroeconomics. Using an open economy framework, the course develops an
understanding of the constituents of the open economy. The student should be able to
build on these constituents in the later years so as to be able to analyse macroeconomic
policies
Sr. No. Modules/Units Lectures (48)
1 Money
Concept of money- supply of money- CRR, SLR, high powered
money and its components- Money multiplier- current measures of
money supply in India – quantity theory of money- velocity of
circulation- factors affecting velocity of circulation- Fisher and
Cambridge equations.
12
2 The Money-Market
Motives for holding money- transactions motive-precautionary motive-speculative motive- interest rate as cost of holding money-
liquidity trap- money-market equilibrium-derivation of LM curve-
shifts in the LM curve.
12
3 The Goods Market
Equilibrium in the goods market- derivation of the IS curve-shifts in the IS curve, Simultaneous equilibrium in the goods and money
markets (IS-LM equilibrium) – determination of income and
interest rates.
12
4 Mathematical Application:
Calculation of CRR, SLR AND High Power Money, Money Supply , Money market Equilibrium. Goods market Equilibrium.
12
References:
1. N. Gregory Mankiw, Principles of Macroeconomics, 7th edition, Cengage Learning,
2015
2. Sikdar, S. (2006), Principles of Macroeconomics, Oxford University Press, New Delhi.
3. Abel, A. B., B. S. Bernanke and D. Croushore (2011), Macroeconomics, Pearson,
New Delhi.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
S.Y.B.A. Semester- IV
Indian Economy -II
COURSE CODE: BUAECO402 (2018-19) Credits- 04
Sr. No. Modules/Units Lectures (48)
1 Financial System and the Economy
Structure of the Indian financial system – Nationalization of commercial
banks – Performance of
commercial banks in the pre-reform period – Banking Sector reforms 1991
and 1998
Money market reforms – Monetary policy of the RBI: Objectives and
Instruments Capital market reforms – Structure and reforms- SEBI
12
2 Finances of the Government of India
Union Government Budget – Appraisal of trends in revenue in the pre and
post reform period – Tax revenues of Government of India - Tax reforms
and changes in tax policy since 1991 –
12
3 Public Expenditure and Public Debt
Public Expenditure: Classification and Causes of increase in
Public Expenditure – Public Debt :Types, Burden and Management -
Concepts and types of deficit- FRBM Act 2003 -
Fiscal Federalism: Concept& Key Issues
12
4 Fiscal Policy and Federal Finance
Fiscal Policy: Meaning, objectives and instruments- Indian Fiscal Policy
since 1991 - Indian Fiscal Imbalance - Indicators, Causes, Effects &
Remedial Measures- Transfer of Resources from Union to States- Finance
Commission: overview and functions- Recommendations of latest Finance
Commission.
12
References
1. Indian Economy by RuddarDatt and KPM Sundaram, S Chand Publications, Delhi
2. Indian Economy: SK Mishra and VK Puri, Himalaya Publishing House, Mumbai
3. Indian Economy; A N Agrawal, New Age Publishers, Delhi
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
S.Y.B.A. Semester- IV
Investment Analysis -II
COURSE CODE: BUAECOIA402 (2018-19) Credits- 04
PREAMBLE: The paper deals with the institutions associated with and the instruments
of investment. Apart from the study of investment theories, techniques of fundamental
and technical analysis have been incorporated to help students understand the basics of
investment selection. Elementary mathematical and statistical techniques are expected to
be used in the teaching of these tools of investment analysis.
Sr. No. Modules/Units Lectures (45)
1 Efficient Market Concept
Efficient Market Hypothesis - Random Walk Theory - Portfolio
Theory: Portfolio return, risk, diversification and optimal portfolio
- the Single Index Model, Capital Asset Pricing Theory.
15
2 Fundamental Analysis:
Fundamental analysis- Meaning and functions - Macroeconomic
analysis - industry analysis.Company analysis - estimation of
intrinsic value. Case Study
15
3 Technical Analysis of the Market:
Technical analysis- Meaning, Objectives - Tools of technical
analysis -Principles to Technical analysis - Charts and Trend lines -
Moving Averages - Advantages of Moving Averages. Regression
and Correlation
15
REFERENCES:
1. Hirschey, M. (2001), Investment Theory and Applications, Hircourt College Publisher,
USA
2. Shalla V. K. (1983), Investment Milnagement, Security Analysis and Portfolio
Management, S. Chand, New Delhi.
3. Chandra, Prasanna (2000) Investment Analysis and Portfolio, Management, Tata
McGraw-Hill Publishing Company Ltd, New Delhi.
4. Chandra, Prasanna (1993) Finance Sense, Tata McGraw-Hill Publishing Company
Ltd, New Delhi.
5. Hirschey, M. (2001), Investment Theory and Applications, Hircourt College Publisher,
USA
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- V
Microeconomics -III
COURSE CODE: BUAECO501 (2018-19) Credits- 04
Preamble:
The course is designed to provide sound training in microeconomic theory. Since students have
already studied the perfect competition, the focus of this course is on the study of imperfect
completion and general equilibrium and welfare economics
Sr. No. Modules/Units Lectures (48)
1 Monopoly
• Sources of monopoly
• Profit maximising monopoly
• calculation of price, output and profit for a monopoly
• Price discrimination: First , Second and third degree
• Monopolistic Competition: features.
12
2 Oligopoly
• Features of Oligopoly
• Kinked demand curve model
• Cournot model
• Bertrand model
• Collusion and Cartels
• Numerical Case Study
12
3 Price Leadership and Game Theory
Dominant firm price leadership
Collusive Price leadership
Barometric Price Leadership
Basics of Game theory
• Prisoner’s dilemma
dominant strategy equilibrium
• Nash equilibrium –
12
• Numerical Case Study
4 General Equilibrium and Welfare Economics
• General Equilibrium and its Existence
• The Pareto Optimality Condition of Social Welfare
• Marginal Conditions for Pareto Optimal Resource Allocation,
• Perfect Competition and Pareto Optimality
• Kaldor- Hicks Compensation Criterion
• Arrow’s Impossibility Theorem.
12
References:
1. Koutsoyannis, Modern Microeconomics, Macmillan Press Ltd., London. th
2. Mankiw, N. Gregory, Principles of Microeconomics, 7 edition, Cengage Learning, 2015
th
3. Mansfield, Edwin; Micro-economics: Theory & Applications, 5 edition, W.W. Norton &
Company, New York, 1985.
4. SenAnindya (2007), Microeconomics: Theory and Applications, Second edition Oxford
University Press, New Delhi, 2007.
5. Salvatore, D.; Microeconomics : Theory and Applications , New Delhi Oxford, New Delhi,
Oxford University Press 2006.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- V
ECONOMICS OF DEVELOPMENT
COURSE CODE: BUAECO502 (2018-19) Credits- 04
Preamble:
This course is designed to inculcate diverse concepts related to economic growth and
development by giving special emphasis on structural issues related to the process of
development.
Sr. No. Modules/Units Lectures (48)
1 Concepts of Economic Growth and Development
• Meaning of Growth and Development,
• Distinction between growth & development,
• Concept of human development: HDI, GDI, Sustainable
development, Green GDP,
• Three core values of development,
• Sen’s Capabilities Approach.
• Numerical Case Study
12
2 Structural Issues in Development Process
• Big push theory
• Role of Education, health & nutrition in economic development,
• Schumpeter’s theory of development
• Lewis models of growth
• Solow’s growth model of economic development
12
3 Inequality, Poverty and Development
• Measures of poverty (Absolute and Relative)
• Income Inequality and Gini Coefficient
• Kuznets inverted U-hypothesis,
• Policy options for poverty alleviation and income equality
• Inclusive growth and Self Help Groups
12
4 Technology and Economic Development
• Role of Infrastructure in economic development,
• Role of technology in economic development,
• Concept and types of technical progress
• Green technology: meaning and its benefits
12
References:
1) Todaro, Michael P. and Stephen C. Smith. Economic Development, 8e. Delhi: Pearson
Education, 2003.
2. Thirlwall, A.P. Growth and Development 8e. New York: Palgrave MacMillan, 2005.
3. Meier, Gerald M. and James E. Rauch. Leading Issues in Economic Development, 8e.
New Delhi: Oxford Univ. Press, 2006.
4. Mamoria, Joshi, Principles and practice of marketing in India, KitabMahal, 1979.
5. Boldwin, Economic Development: Theory, History and Policy, Willy Publishers, 1957
6. Sinha Francis, Microfinance self Help Groups in India: Living up to Their Promises,
Practical Action Publishing, England, 2009.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- V
INDUSTIRAL AND LABOUR CONOMICS
COURSE CODE: BUAECO503 (2018-19) Credits- 04
Preamble:
There has been a paradigm shift in the structure of the Indian industrial sector and thepolicies
governing it ever since the new era of globalization and liberalization hasushered in. This paper
intends to equip the students with the knowledge about thefundamentals of Industrial Economics
and also the changing policies related to theIndian industry in the globalised era.
Sr. No. Modules/Units Lectures (48)
1 Introduction
• Meaning and Scope of Industrial Economics
• Industrial Profile: Private sector – Role and its problems
• Cooperatives - features, types, merits and demerits
• Public Sector - Role, Performance and Problems,
12
2 Industrial Location and Problem of Regional Imbalance
• Determinants of Industrial Location
• Theories of Industrial Location - Weber's and Sargent
Florence's Theory
• Industrial Imbalance, Causes and Measures
• Need for Balanced Regional Development of Industries.
12
3 Industrial Productivity and Industrial Sickness
• Concept and Measurement of Industrial Productivity
• Factors Affecting Industrial Productivity
• Measures required for Improving Productivity and Efficiency
• Industrial Sickness - Causes, Effects and Remedial Measures
• Rationalization - Concept, Impact
12
4 Industrial Development in India
• Brief Outline of Industrial Policies of 1948, 1956, 1977
• New Industrial Policy-1991
• Role & Problems of Small Scale & Cottage Industries in India,
Micro, Small and Medium Enterprises Development Act, 2006
• Recent Trends in India's Industrial Growth
• Role of MNCs in the Indian Economy
12
References:
1. Agrawal A.N. (2011), Indian Economy, New Age International Publishers, New Delhi
2. Barthwal R.R. (2007), Industrial Economics, New Age International Publishers, New
3. Delhi
4. Cherunilam, F. (1994), Industrial Economics: Indian Perspective, Himalaya Publishing
5. House, Mumbai
6. Datt R. and Sundaram K.P.M. (2009), Indian Economy, S.Chand& Co., New Delhi
7. Desai S.S.M. and Bhalerao N (2008), Industrial Economy of India, Himalaya
Publishing
8. House, Mumbai
9. EkboteVidya and Ekbote Vilas (1999), Industrial Economics, Anmol Publication, Pune
10. Kuchhal S.C. (1980), Industrial Economy of India, Chaitanya Publishing House,
11. Allahabad
12. Mishra S.K. and Puri V.K.(2008), Indian Economy, Himalaya Publishing
House,Mumbai
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Preamble
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- V
RESEARCH METHODOLOGY
COURSE CODE: BUAECO504 (2018-19) Credits- 04
The central focus of this course is an introductory study of the concepts, principles and methods of economic research. The course focuses on the logic of social science research and on practical problems of applying quantitative and qualitative methods in the process of formulating research questions.
Sr. No. Modules/Units Lectures (48)
1 Introduction to Concept of Research:
• Nature and Scope of social research
• Significance of social sciences research
• Steps in Research Process:
• Types of research: pure & applied research, formulative or
exploratory research;
• Descriptive research, historical research, experimental research,
survey research
• Ethical issues relating to research
• Major Difficulties in the Area of economic research
12
2 Sources of Data for Research:
• Types of data sources: Primary and Secondary, choice between
primary and secondarydata
• Primary data-Meaning and Collection methods
• Observational method: Meaning, Merits and Demerits
• Interview technique: Meaning, Merits and Demerits
• Questionnaire: Meaning, Merits and Demerits
• Survey method and Field Visits
• Major Sources of Secondary data:
1. Published Sources
2. Unpublished sources
12
3 Presentation and Elementary Analysis of Data
• Classification: Meaning and characteristics of classification , types
of classification
12
• Tabulation: Meaning, characteristics of a good table, types of
statistical table, Rules and Precautions in preparing Tables
• Graphical presentation of socio-economic data:
- Histogram
- Frequency Polygon
- Frequency Curve( Less than more than frequency)
- Ogives
• Diagrammatic presentation of socio-economic data:
- One – dimensional diagrams: Bar diagrams and its types
- Two - dimensional diagrams: Rectangles, Squares and Circles
- Three- dimensional diagrams: Cub, Cylinders and Spheres
4 Measures of Central Tendency and Dispersion
• Measures of Central Tendency: Meaning and Objectives of
Average
• Types of Average:
- Mean
- Median
- Mode
• Relationship between Mean, Median and Mode
• Measures of Variation: Meaning and Objectives
• Methods of Studying Variation:
- Range and its coefficient
- Quartile deviation and its coefficient
- Standard deviation and its coefficient
- Coefficient of variation (CV)
12
References:
1. Gopal, M.H (1970) An Introduction to Research Procedures in Social Sciences,
Bombay,Asia Publishing House.
2. Goode J.Willium&Hatt K. Paul, Methods of social Research, New York, McGraw –Hill.
3. Krishnaswami, O.R &, M.Ranganatham (2011) Methodology of Research in
SocialSciences, Himalaya Publishing House, Mumbai.
4. Kumar, Renjith (2009) Research Methodology: A Step by Step Guide for Research,
Delhi,Pearson Education
5. P.Saravanavel ((1987) Research Methodology, KitabMahal, Allahabad
6. Gupta S P tatistical Methods Sultan Chand and Sons, New Delhi.
7. Gupta S.C, Fundamentals of Statistics, Himalaya Publication House, Bombay.
8. Rajaram V. (1996), Fundamentals of computers, Prentice Hall of India, New Delhi
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- V
ENVIRONMENTAL ECONOMICS
COURSE CODE: BUAECO505 (2018-19) Credits- 04
Preamble:
This course focuses on economic causes of environmental problems. In particular, economic
principles are applied to environmental questions and their management. Economic implications
of environmental policy are addressed as well as valuation of environmental improvements.
Sr. No. Modules/Units Lectures (48)
1 Introduction to Environmental Economics:
• Introduction to environmental development and environmental
economics,
• Rio-Declaration on environmental development,
• Agenda 21 programme of action forsustainable development,
• Social and economic dimensions,
• Conservation andmanagement of resources for development.
12
2 The design and implementation of Environmental Policy:
• Overview - Criteria for evaluating environmental policies;
• Standards, Pigovian taxes andeffluent fees,
• tradable permits, choice between taxes and quotas,
• implementation ofenvironmental policy.
12
3 Measuring benefits of environmental improvements:
• Economic value of Environment- Use and Non-use values
• Measurement method:-market based and non-market based
methods, contingent valuation, travel cost method, hedonic price
method
• risk assessment and perceptions.
12
4 Environmental problems:
• Concept of global environment-
• Trans-boundary environmental problems,
• Economics of climatechange,
• International environmental Agreements
• sustainable development: Conceptsand measures.
12
References:
1. Barry C. Fields: Environmental Economics : An Introduction, McGraw Hill International
Edition, 1997.
2. Charles Kolstad : Environmental Economics, Oxford University Press, New York, 2000.
3. Kaltschmitt, Martin, Streicher, Wolfgang, Wiese, Andreas, Renewable Energy:
Technology, Economics and Environment, Springer, Germany, 2007.
4. Hanley Nick, Shogren Jason and White Ben: Introduction to Environmental Economics,
Oxford University Press, 2001.
5. Smith Stephen: Environmental Economics: A very Short Introduction, 1st Edition,
Oxford University Press, New York, 2011.
6. United Nations Sustainable Development, UN Conference on Environment &
Development, Rio de Janerio, Brazil, Agenda 21,
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- V
HISTORY OF ECONOMIC THOUGHT
COURSE CODE: BUAECO506 (2018-19) Credits- 04
Preamble:
This course provides basic understanding about the celebrated economists and their contributions
starting from the classical period. It throws light on the contributions of Nobel Laureates of recent
period too
Sr. No. Modules/Units Lectures (48)
1 Classical Period
• Adam Smit- Division of Labour, Theory of values, Capital
Accumulation, Distribution
• David ricardo- Value theory, Theory of rent
• Karl Marks- theory of values, surplus value, Law of Capital
Accumulation or concentration
12
2 Marginalist: Marshall to Schumpeter
• Role of Time in price Determination,
• Economic methiods
• Ideas of consumer’ surplus
• External and internal economies
• Quasi rent
• Pigou’s welfare economics
• Schumpeter: role of entrepreneur and innovation
12
3 : Marginalist: Keynesian Ideas
• Liquidity Preference Theory and Liquidity Trap
• Consumption Function( Short and Long Run)
12
• Investment Multiplier
• Accelerator Principal and their interaction,
• Wage rigidities and underemployment
• Role of fiscal policy
• Cyclical behaviour of the economy
4 Post- Keynesian Developments:
• Supply Side Economics: Hayek (low interest rates and excessive
credit creation)
• Arthur Laffer Curve(tax rates and the amount of tax revenue) ,
- Monetarism: Milton Friedman, Don Patinkin
• Nobel Prize Winners in Economics: A; K sen (1998), Joseph
Stiglitz(2001), Paul Krugman( 2008), Jean Tirole(2014), Angus
Deaton(2015), Richard Thaler (2017)
12
Reference:
1. Gide, O. and G. Rist , A History of Economic Doctrine, George Harrop Co., London,
1956.
2. Roll, E, A History of Economic Thought, Faber Landon, 1973.
3. Dasgupta A. K, Epochs of Economic Theory Oxford University Press. New Delhi,
1985.
4. Schumpeter, J.A, Ten Great Economist, Oxford University Press, New York, 1951.
5. Ghosh and Ghosh: Concise History of Economic Thought, Himalaya Publishers.
6. Puttaswamaiah K, Nobel Economists – Lives and Contributions, Indus Public Co.,
New Delhi, 1995.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- VI
MACROECONOMICS III
COURSE CODE: BUAECO601 (2018-19) Credits- 04
Preamble:
This course introduces the students to formal modeling of a macroeconomic theory with analytical
tools. It discusses goods market with fixed exchange rate, the money market, uncovered interest
rate parity and the benefits and costs of fixed and flexible exchange rate.
Sr. No. Modules/Units Lectures (48)
1 The Goods Market in the Open Economy
• Trade Balance and its implications for GDP calculations
• Export and Import Functions; The Real Exchange Rate and
why it matters
• Why equilibrium GDP is consistent with a trade imbalance
• Fiscal and Exchange Rate Policy with a Fixed Exchange Rate.
12
2 Money/Financial Markets and Mundell-Fleming
• The LM equation for the open economy;
• Uncovered Interest Parity and its implications for exchange rate
determination;
• The combined IS/LM/UIP model
• Fiscal and Monetary Policy under Fixed and Flexible Exchange
Rates
• The Mundell-Fleming trilemma
12
3 Exchange Rate Regimes & Exchange RateCrises
• Determination of Exchange Rate in Foreign Exchange Markets:
• Fixed and Flexible exchange rate
• Purchasing Power Parity Theory
12
• Balance of Payments: Components, Disequilibrium and
Adjustments
• Crisis.Exchange Rate crises; The relation between Exchange Rate
crises and other kinds of crises (banking crises, financial crises,
etc.)
4 International Monetary History, 1900-present
• The Gold Standard – The Inter-War Period
Depression
• Bretton Woods System and its collapse -1944
• The Global Financial Crisis and its consequences
• The Euro Crisis
• Asia Infrastructure Investment Bank (AIIB)
• New Development Bank (NDB).
and
the
Great
12
References:
1. Blanchard, Oliver; Macroeconomics (4th edition, 9th impression), Pearson education, New
Delhi, India.
2. Dornbusch R S, Fischer and R Startz; Macroeconomics, 8e Tata Mc Grow Hill, New Delhi
2004.
3. Froyen, R. T.; Macroeconomics : Theory and Policy, Pearson Education Asia, Delhi 2001.
4. Mankiw, Gregory; Macroeconomics, 6e, Worth Publishers, New York, 2003.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- VI
INTERNATIONAL ECONOMICS COURSE CODE:
BUAECO602 (2018-19) Credits- 04
Preamble:
This course develops a systematic exposition of models which explain the composition, direction,
and consequences of international trade, and the determinants and effects of trade policy. It then
builds on the models of open economy macroeconomics focusing on national policies as well as
international monetary systems. It concludes with an analytical account of the causes and
consequences of the rapid expansion of international financial flows in recent years.
Sr. No. Modules/Units Lectures (48)
1 Introduction
• Importance of the study of International Economics
• An overview of world trade
• Distinction between domestic & international Trade
• Concepts of Cost Difference , Adam Smith’s Theory of
International Trade, The Ricardian Theory
12
2 Modern Theories of International Trade
• Heckshcher- Ohlin Theory of International Trade, Factor
Abundance:
• Leontief Paradox
• Haberler‟s theory of Opportunity Cost
• Law of reciprocal demand and offer curves
• Role of Factor Accumulation, Stolper-Samuelson theorem.
• Schumpeter: role of entrepreneur and innovation
12
3 Factor Movements and International Capital Flows
• Factors determining labour and capital mobility
• Challenges and issues in outsourcing
• Classification of International capital flows -(ECBs, short term
borrowings and lending, FDI,FPI)
12
• FDI: The concept and role,
• FDI Inflows- FDI Outflows, social issues in international business-
4 Economics of Integration (12 Lectures)
• Objectives of Economic Integration
• Forms of Integration
• Theory of Customs Union-Trade Creation andTrade Diversion
effects
• Trade Blocs- ASEAN, SAARC, SAFTA
• Regionalism Vs Multilateralism
12
References:
1. Paul Krugman, Maurice Obstfeld, and Marc Melitz, International Economics: Theory and
Policy, Addison-Wesley (Pearson Education Indian Edition), 9th edition, 2012.
2. Dominick Salvatore, International Economics: Trade and Finance, John Wiley International
Student Edition, 10th edition, 2011.
3. Gordon Hanson, „The Rise of Middle Kingdoms: Emerging Economies in Global Trade”,
Journal of Economic Perspectives, Spring 2012.
4. Melitz M. and Trefler D., “Gains from Trade When Firms Matter”, Journal of Economic
Perspectives, Spring 2012.
5. Kindleberger Charles P, International Economics, Homewood, USA, 1978
6. Bo Sodersten and Geofrey Reed, International Economics, Palgrave Macmillan,
199
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- VI
INDUSTIRAL AND LABOUR ECONOMICS
COURSE CODE: BUAECO603 (2018-19) Credits- 04
Preamble:
Issues pertaining to the labour market, wage policy, trade unions and amicable solutions to
industrial disputes have become vital for developing countries, especially for India, where the bulk
of the labour force is employed in the unorganised sector, and the organized sector is witnessing a
phenomenon of ‘jobless’ growth. This paper intends to provide knowledge of the same and also
discusses the importance of labour welfare and social security measures for the growing labour
force in India.
Sr. No. Modules/Units Lectures (48)
1 Introduction
• Scope and Importance of Labour Economics-
• Characteristics of the Indian Labour Market
• Child Labour and Female Labour – Problems and Measures
• Globalisation and Indian Labour Market
• Labour Market Reforms – Exit Policy and Need for Safety Nets
• Second National Commission on Labour
12
2 Trade Unionism
• Definition and Functions of Trade Unions
• Historical Evolution of Trade Unions in India and Their Present
Status
• Problems of Trade Unions in India
• Measures to strengthen Trade Unions in India
12
• Role of Outside Leadership
3 Industrial Relations
• Causes of Industrial Disputes and Their Settlement Mechanism
• Collective Bargaining – Concept, Stages Involved in Bargaining
Process
• Workers’ Participation in Management – Concept, Objectives and
Forms of Workers
12
4 Labour Welfare and Social Security
• Concept, Theories and Principles of Labour Welfare
• Agencies for Labour Welfare
• Role of the Labour Welfare Officer
• Various social security and labour welfare measures adopted by
Government
International LabourOrganisation and Its Impact on Indian Labour
Legislations
12
References:
1. Datt R. and Sundaram K.P.M, Indian Economy, S.Chand& Co., New Delhi, 2009.
2. Mamoria C.B. and Mamoria S, Dynamics of Industrial Relations, Himalaya
Publishing House, Mumbai, 2002
3. Mishra S.K. and Puri V.K, Indian Economy, Himalaya Publishing House, Mumbai,
2002.
4. Monappa A, Industrial Relations, Tata McGraw Hill Publishing Company Ltd., New
Delhi, 2006
5. RatnaSen, Industrial Relations in India - Shifting Paradigms, Macmillan, New
Delhi, 2005.
6. Singh J.K, Labour Economics – Principles, Problems and Practices, Deep andDeep
Publications Pvt. Ltd., New Delhi, 1998
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- VI
RESEARCH METHODOLOGY
COURSE CODE: BUAECO604 (2018-19) Credits- 04
Preamble:
The main objective of this paper is to train the students to use statistical techniques in economic
research. The emphasis of this paper is on understanding economics with the help of statistical
stools. This course is very beneficial for research
Sr. No. Modules/Units Lectures (48)
1 Correlation Analysis
• Meaning and utility of correlation analysis
• Correlation and Causation
• Types of correlation
• Methods of studying correlation
1) Scatter Diagram Method
2) Graphic Method
3) Karl Pearson’s Coefficient of Correlation
4) Rank Correlation Coefficient
5) Concurrent Deviation Method
• Probable error and standard error
• Limitations of correlation analysis
12
2 Regression Analysis and Time series
• Meaning and significance of Regression Analysis
• Difference between Correlation and Regression
12
• Types of Regression Analysis
• Regression Equations and Regression Lines
• Methods of studying Regression analysis
1) Least Square Method
2) Graphic Method
3) Algebraic Method
• Calculating Correlation from Regression Coefficient
• Standard Error of Estimate.
• Analysis of Time Series – components –trend analysis- moving
averages (3, 4 and 5 yearly)- method of least square.
3 Index Numbers
• Meaning and uses of Index Numbers
• Methods of Constructing Index Numbers
a) Unweighted Index Numbers
1) Simple Average Method
2) Simple Average of Relative Method
b) Weighted Index Numbers
1) Laspeyer’s Method
2) Paasche’s Method
3) Fisher’s Method
• Base shifting index number
• Consumer Price Index Numbers: Meaning and Utility
• Methods of Constructing Consumer Price Index
1) Aggregate Expenditure Method
2) Budget Method
• Problems in the Constructing of Index Number
12
4 Hypothesis formulation and Report Writing 12
• Definition and functions of hypothesis –Criteria of workable
hypothesis – forms of report- sources of hypothesis
• Hypothesis Testing – Meaning, Concept , Procedure , Degree of
Freedom, Type 1 and Type 2 errors
Report Writing: Significance, types (Technical, Popular and
Interim Report)
References:
1. Gopal, M.H (1970) An Introduction to Research Procedures in Social Sciences, Bombay,
Asia Publishing House.
2. Goode J.Willium&Hatt K. Paul, Methods of social Research, New York, McGraw –Hill.
3. Kothari, C.R (2004) Research Methodology: An Introduction, Delhi, New Age
4. Krishnaswami, O.R &, M.Ranganatham (2011) Methodology of Research in Social
Sciences, Himalaya Publishing House, Mumbai..(Unit 1,2, 3,4)
5. Kumar, Renjith (2009) Research Methodology: A Step by Step Guide for Research, Delhi,
Pearson Education
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- VI
INDIAN ECONOMIC THOUGHT
COURSE CODE: BUAECO605 (2018-19) Credits- 04
Preamble:
The history of Indian economic thought provides rich insights into both economic
issues and the workings of the Indian mind. It will give the student an introduction to
major Indian thinkers and their ideas on Indian economic policy.
Sr. No. Modules/Units Lectures (48)
1 The Modernists
• Naoroji :- Drain theory, criticism and long run relevance,
• Ranade‟s views on railwayinvestment and the methodology of
Indian economics,
• Gokhale:-Gokhale and theeconomics of education, the rupee ratio
debate ,
• Dr.Ambedkar‟s contribution to the rupeedebate.
12
2 Agriculture, Poverty and Famines
• Why do famines occur?
• Famine policy, criticism of famine policy,
• Ranade‟s views on Poverty and Industrialisation, agrarian policy,
• contribution of Dr.B.R.Ambedkar.
12
3 Economic Policy after Independence
• Nehruvian economics
• Mahalonobis model and planning, industrial stagnation,
industryand trade, agriculture and the wage goods model ,
• reappraisal of Nehru‟s economics
12
4 Economic Thought in Contemporary India
• Measurement of poverty, liberalisation, privatisation and
globalisation
• HumanDevelopment and AmartyaSen‟s contribution
• JagadishBhagawati‟s contribution.
12
References:
1. JadhavNarendra, Ambedkar : An Economist Extraordinaire , Konark Publishers, New
Delhi, 2015.
2. . Dasgupta A.K.(1993) : A History of Indian Economic Thought , Routledge, 1993.
3. Balkrishnan P. , The Recovery of India: Economic Growth in the Nehru Era, Economicand
Political Weekly, Vol. 42, No. 45/46 (Nov. 10 - 23, 2007), pp. 52-66, 2007.
4. A.Pangariya: Why Growth Matters: How India‟s Growth Acceleration has Reduced
Poverty,http://www.cde.org.za/wp-content/uploads/2013/09/Prof%20Arvind%20
Panagariya Why% 20growth% 20matters_% 20How% 20Indias% 20growth% 20
acceleration% 20has% 20reduced% 20poverty.pdf
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
T.Y.B.A. Semester- VI
INTERNATIONAL TRADE, POLICY AND PRACTICE
COURSE CODE: BUAECO606 (2018-19) Credits- 04
Preamble:
This course is designed for addressing changing phase of International Trade Policy
and Practice. The main purpose of this course is to expose students to current trends
in International developments.
Sr. No. Modules/Units Lectures (48)
1 Introduction
• Importance of International Trade ,
• Inter-regional and international trade,
• Meaning and functions of foreign exchange markets
• Foreign Exchange Rate: Concepts - Short and Forward rates -
Foreign Exchange rate
determination –
12
2 Balance of Payments
• Structure of Balance of Payments;
• Disequilibrium in BOP –Deficit and Surplus;
• Types of Disequilibrium;
• Causes Disequilibrium;
• Measures (Monetary and Non-Monetary) to Correct
Disequilibrium inthe BOP;
• Marshall- Learner Conditions. Module
12
3 International Financial Institutions and International Debt Problem.
• IMF: IMF- financing facilities and policies
• World Bank : Role and Functions
• New Development Bank (NDB)
• Asia Infrastructure Investment Bank (AIIB) and their role with
special reference to India.
• Global Financial Crisis of 2008
• International Debt Problem
12
4 Role of Foreign Capital Flow
• Factors determining Foreign Investment,
• Foreign Institutional Investment (FII),
• QualifiedForeign Investment (QFI),
• Foreign Portfolio Investment (FPI),
• Role of FDI in EconomicDevelopment- Factors influencing FDI
inflows-
• Green Field and Brown field FDI inIndia,
• Foreign Investment and Role of MNCs in India.
12
References:
1. Robert J Carbaugh, International Economics, South-Western Cengage Learning,
USA, 2017.
2. Paul R Krugman, Maurice Obstfeld and Melitz Mark, International Economics:
Theory and Policy, Princeton University, USA, 2015.
3. Dennis R Appleyard, Alfred J Field, International Economics, McGraw-Hill,
USA, 2013.
4. Robert J Carbaugh, International Economics(With Xtra! and Info Trac), South
Western College Pub, 2003.
5. Kindleberger Charles P., International Economics,3rd edition, R. D. Irwin,
Homewood, IL, 1963.
6. Bo Sodersten and Geofrey Reed, International Economics, 3rd Edition, Palgrave
Macmillan; (May 15, 1994
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- I
MICRO ECONOMIC ANALYSIS I
COURSE CODE: BPABECO101 (2018-19) Credits- 04
Preamble:
The course is designed to provide sound training in microeconomic theory. Since students have
already studied the perfect competition, imperfect completion and general equilibrium and
welfare economics
Sr. No. Modules/Units Lectures (48)
1 Introduction and Basic Concepts.
Meaning, Scope and significanceof Business Economics- Basic
Economic Problems - Choice and Scarcity- - Production Possibility
frontier – positive and normative economics- Basic economic
relation- functional relations: equations – Total average and marginal
relation- use of marinalanylysis in decision making- Concept of
Equilibrium: General Equilibrium v/s Partial Equilibrium
-Walrasian theory of General Equilibrium
12
2 Demand Analysis
Law of Demand, Demand Determination – change in Demand-
Exceptions in the Law of demand, Giffen;s Paradox: meaning,
Significance, types and measurement of elasticity of demand(price,
income and promotional) consumer’ s surplus- demand estimation
and demand forecasting: meaning and significance: methods of
demand forecasting : survey and statistical method
12
3 Production and Cost Analysis 12
Production functions, types of production functions- short Run with
the law of variable proportion, long run production function and
returns to scale- economies of scale
Cost concept: Accounting cost and economic cost, implicit and
explicit cost, fixed and variable cost, total, average and marginal
cost, opportunity cost, producer’s surplus.
4 Competition and Markets
Assumptions of perfect market, demand and supply curves of
individual firms, competitive market equilibrium, , price-controls -
Market failure, imperfect markets : monopolistic competition and
oligopoly, sources of monopoly power, monopoly market
equilibrium, price discrimination – first, second and third degree,
price rigidity.
12
REFERENCES:
1) Ahuja H. L., Advanced Economic Theory : Microeconomics Analysis, 13th Edition, S.
Chand and Co. Ltd., New Delhi.
2) Baumol, W.J. (1982): Economic Theory and Operations Analysis, Prentice Hall of
India, New Delhi.
3) Dewett K. K., Modern Economic Theory, S. Chand & Company Ltd., Revised Edition,
2005.
4) Koutsoyiannis, A. (1979): Modern Microeconomics, 2nd ed., Macmillan Press,
London.
5) Kreps, David M (1990): A Course in Microeconomic Theory, Princeton University
Press,Princeton.
6) Sen, A. (1999): Microeconomics: Theory and Applications, Oxford University Press,
New Delhi.
7) Stigler, G. (1996): Theory of Price, 4th ed., Prentice Hall of India, New Delhi.
8) Varian, H. (2000): Microeconomic Analysis, W.W. Norton, New York.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- I
MACRO ECONOMIC ANALYSIS I
COURSE CODE: BPABECO102 (2018-19) Credits- 04
Preamble: This course is designed to introduce the student to the basic building blocks
of macroeconomics. Using an open economy framework, the course develops an
understanding of the constituents of the open economy. The student should be able to
build on these constituents in the later years so as to be able to analyse macroeconomic
policies
Sr. No.
Modules/Units Lectures
(48)
1 National Income Accounting
National Income – Concept and Measurement – GDP – GNP
Different forms of national income accounting: Social accounting,
flow of funds accounting and balance of payments accounting-
Difficulties in the Measurement of National Income - Social
Accounting – Presentation of Social Accounts - Importance of
Social Accounting – Difficulties in Social Accounting.
12
2 Economics of aggregates
Classical Theory of Income, Output and Employment – Keynesian
Theory of Income, Output and Employment – Say’s Law of Market
– Principles of Effective Demand – Importance of Effective
Demand – Aggregate Demand and Aggregate Supply
12
3 Demand for money and Supply of Money
Classical Approach to Demand for Money – Fisher and Cambridge-
Keynesian approach - Liquidity Preference Theory: Transaction,
Precautionary and Speculative Demand for Money- Milton
Friedman’s Approach – Wealth theory- Port folio balance
Approach – Baumol and Tobin. - Components of money supply.
Measurement of money supply- RBI Approach to Money Supply - M1, M2, M3- High Powered Money and Money Multiplier
12
4 Consumption Function
Keynes, psychological law of consumption – implication of the law
- short-run and long-run consumption function- Empirical evidence on consumption function- Income – consumption relationship –
absolute income, relative income, life cycle and permanent income
hypotheses.
Equilibrium, price discrimination – first, second and third degree,
price rigidity.
12
REFERENCES
1) D’Souza, Errol (2008), Macroeconomics, Pearson Education, Delhi.
2) Gupta R.D. and Rana A.S. (1998): Post-Keynesian Economics, Kalyani Publishers,
Ludhiana.
3) Jha, R (1991) : Contemporary Macro Economic theory and Policy, Wiley Eastern Ltd.,
4) Keynes, J.M (1936) : General Theory of Employment, Interest and Money
5) Mithani D. M., Money, Banking, International trade and public finance, Himalaya
Publications
6) Rakshit, M. (1998), Studies in the Macroeconomics of Developing Countries, Oxford
University Press,
New Delh
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- I
ECONOMICS OF BANKING I
COURSE CODE: BPABECO103 (2018-19) Credits- 04
Preamble:
The course is designed to provide sound training of banking theory. This will help the
students in studying the subject and preparation for their examination.
Sr. No.
Modules/Units Lectures
(48)
1 Money
Money – Meaning, Classification and Functions- Gresham’s law-
Monetary standards – Metallic and paper systems of note issue-
Measures of money supply and sources of reserve money in India,
Brief history of Indian Rupee- Value of money - Measurement and
determination.
12
2 Commercial Banking
Meaning and functions of commercial banks, the process of credit creation – Purpose and limitations, Liabilities and Assets of banks-
Investment policy of commercial banks- Commercial bank and
economic development- Co-operative banks. A critical appraisal of
the progress of commercial banking after nationalization-
12
3 Central Banking
Functions, objectives and methods of credit control – quantitative
and qualitative methods- Role and functions of Reserve Bank of
India- Objectives and limitations of monetary policy of RBI-
Recent Policy measures
12
4 Indian Money Market and Banking
Structure of financial market in India- Structure and functions of
Indian money market including call money, treasury bills and
commercial bills, weaknesses of money market in India- Money
12
markets instruments- Development banking in India –IFCI, IDBI,
and ICICI.
REFERENCES:
1) Gupta, S. B. (1983) Monetary Economics, 2/e, S. Chand & Co., New Delhi.
2) Mitra, S. (Ed.) (1970). Money and Banking, Random House, New York.
3) Savors, R. S. (1978). Modern banking, 7/e, Oxford University Press, Delhi.
4) Chandlar, L. V. and S. N. Goldfield (1977). Economics of Money & Banking, 7/e,
Harpar and Row, New York
5) Sayers, R.S. Modern Banking, Oxford University Press, New Delhi
6) Smith, P.F. Economics of Financial Institutions & Markets, Prentice Hall
7) Gupta, S.B. Monetary planning for India, S. Chand & Company, New Delhi
8) Grabble, J.O International Financial Markets, Elsevire, New York
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- I
STATISTICS FOR ECONOMICS I
COURSE CODE: BPABECO104 (2018-19) Credits- 04
Preamble:
The main objective of this paper is to train the students to use the techniques of statistical
analysis, which are commonly applied to understand and analyze economic problems.
The emphasis of this paper is on understanding economics with the help of quantitative
techniques. Hence, in this paper a student will be initiated into various economic
concepts, which are amenable to mathematical treatment.
Sr. No.
Modules/Units Lectures
(48)
1 Introduction and Basic Statistics
Statistics: Definition, types, scope, functions and limitations –
Diagrammatic and graphical presentation of data- Institutional
arrangements for statistical data in India –Central Tendency-
Meaning, Importance and Uses- Types of Measures of Central
Tendency: Arithmetic Mean, Median, Mode, Harmonic Mean,
Geometric Mean – The relation between Arithmetic Mean;
Geometric Mean; and Harmonic Mean.
12
2 Measures of Dispersion Periods
Dispersion - Meaning of the Concept, Importance and Uses -
Requirement Of a good- Measures of Dispersion - Types of
12
Measures: Range & Its Co-Efficient - Mean Deviation & Its Co-
Efficient - Standard Deviation, Variance & its Co-Efficient -
Lorenz Curve
3 Skewness, Moments and Kurtosis
Sknewness: Meaning,Concept, Test of Skewness- Measures of
Skewness: Absolute Measures and Relative Measures-Karl
Pearson’s Coefficient of Skewness, Bowley’s Coefficient of
Skewness, Kelly‘sCoefficient of Skewness- Moments: Meaning,
Concept, Objectives, Moments about the Mean, Momentsabout the
arbitrary origin- Kurtosis: Meaning, Concept, Measures of Kurtosis
12
4 Correlation and Regression
Correlation - Methods of Studying Correlation - Karl Pearson’s
Coefficient of Correlation , Spearman’s Rank Correlation- Partial
and Multiple Correlation- Regression : Concept & Linear Regression
-Fitting of Lines Of Regression By the Least Squares Method -Partial
and Multiple regression
12
REFERENCES:
1) Agarwal Y.P: Statistical Methods: Concepts, Applications and Computations, New
Delhi: Sterling Publishers, 1988.
2) Allen R.G.D.: Statistics For Economics; Hutchinson & Co. Ltd. London(1949)
3) Blalock, Hubert M: Social Statistics, London: McGraw Hill, 1981.
4) CroxtonFrederiel, Dudley J. Gowden and Sidny Klein: Applied General Statistics,
New Delhi: Prentice Hall, 1975.
5) Edward A.L: Statistical Methods for the Behavioural Sciences, New York: Rinchart&
Co, 1954.
6) Garrett E: Statistical Methods for Research Worker, New York, Hafner Publishing &
Co, 1950.
7) Grewal P.S: Methods of Statistical Analysis, New Delhi: Sterling Publishers, 1990.
8) Gupta C.B: An Introduction to Statistical Methods, New Delhi, Vikas Publishers,
2005.
9) Gupta S.P: Statistical Methods, New Delhi, Chand & Co, 2005.
10) Gupta. S.C: Fundamentals of Statistics, Bombay, Himalaya Publishing House, 2000.
11) Mansfield, Edwin: Statistics for Business and Economics, New York: Norton and Co,
1980.
12) S.C. Gupta And Mrs. Indira Gupta: Business Statistics: Himalaya Publishing House;
Delhi(1997)
13) Walker H.M & Lev J: Statistical Inference, New York: Holt, 1980.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- II
MICRO ECONOMIC ANALYSIS II
COURSE CODE: BPABECO201 (2018-19) Credits- 04
Preamble:
The main objective of this paper is to train the students to analysis which are commonly
applied to understand economic problems. The emphasis of this paper is on
understanding economics with the help of quantitative techniques. Hence, in this paper a
student will be initiated into various economic concepts.
Sr. No.
Modules/Units Lectures
(48)
1 Theories of the firm
Objectives of modern Firm- Baumol’s Sales Revenue Maximization Model- Williamson’s Model of Managerial Discretion- Marris
Model of Managerial Enterprise, The Hall and Hitch Report – Full
Cost Pricing Rule- Bain’s Limit pricing theory and its recent
developments including Sylos–Lobini’s Model- Behavioral Model
of the Firm
12
2 Distribution
Neo-Classical Approach – Marginal Productivity Theory – Product Exhaustion Theorem- Technical Progress and Factor Shares- Theory
of Distribution under Imperfect Product and Factor Markets, Modern
Theory of Rent, Determination Wages, Interest and Profit.
12
3 Welfare Economics 12
Pareto Optimal Conditions- Paretian Welfare Criterion – Value
Judgment, Social Welfare Function- Compensation Principle-
Inability to obtain Optimum Welfare – Imperfections Market Failure,
Decreasing Costs, uncertainty and Non-Existent and Incomplete
Markets- Theory of Second Best – Arrow’s Impossibility Theorem,
Equity – Efficiency Trade-Off.
4 Project Planning and Capital Budgeting
Need for project planning, Meaning and significance of capital
budgeting, Investment appraisal methods, Payback period, Net
present value, Internal rate of return,
12
REFERENCES:
1) Koutsoyiannis A (1985), ‘Modern Micro Economics’ Macmillan Press Ltd.,
2) Ahuja H.L. (1982), ‘Advanced Economic Theory’ S. Chand & company Ltd., New
Delhi.
3) Chopra P.N (1981), ’Advanced Micro Economics’ Kalyani Publications
4) Layard, P.R.G. and Walters, A.A. (1978). Microeconomic Theory, McGraw Hill, New
York.
5) Little, I.M.D. (1957). Critique of Welfare Economics (2nd edition), Oxford University
Press, Oxford
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- II
MACRO ECONOMIC ANALYSIS II
COURSE CODE: BPABECO202 (2018-19) Credits- 04
Preamble:
The main objective of this paper is to train the students to analysis which are commonly
applied to understand economic problems. The emphasis of this paper is on
understanding economics with the help of quantitative techniques. Hence, in this paper a
student will be initiated into various economic concepts.
Sr. No.
Modules/Units Lectures
(48)
1 Macro Economic Policies
Monetary Policy – Fiscal Policy – Income Policy – Neo–Classical
Policy – Austrian Policy – The Austrian Critique of Keynesian
economics – Post – Keynesian Policy and the deficit
12
2 Theory of Inflation & Trade Cycle
Classical, Keynesian Monetarist Approach to Inflation-
Structuralism Theory – Inflation –Phillips curve Analysis –
Samuelson and Solow. The Natural Rate of Unemployment
Hypothesis, Tobins Modified Phillips Curve.
12
3 Issues in Stabilization Policies
Lags in the Effects of Policy – The Role of Expectations –
Uncertainty and Economic Policy– Budget deficit and inflation – the
mechanics of financing the budget – Income Policies – Supply side
economics – The Laffer Curve – Monetarism Vs. Fiscalism – The
Portfolio Approach – Crowding out Effect – Fine tuning or Stable
Policy Setting.
12
4 Macroeconomics: From Open Economy point of view
Market for foreign exchange, devaluation and depreciation, real and
nominal exchange rate, factors affecting exchange rate, Mundell-
Fleming model, fixed versus floating exchange rate, price
adjustment, role of fiscal and monetary policies under alternative
exchange rate regimes, purchasing power parity concept
12
REFERENCES:
1) Koutsoyiannis A (1985), ‘Modern Micro Economics’ Macmillan Press Ltd.,
2) Ahuja H.L. (1982), ‘Advanced Economic Theory’ S. Chand & company Ltd., New
Delhi.
3) Chopra P.N (1981), ’Advanced Micro Economics’ Kalyani Publications
4) Layard, P.R.G. and Walters, A.A. (1978). Microeconomic Theory, McGraw Hill, New
York.
5) Little, I.M.D. (1957). Critique of Welfare Economics (2nd edition), Oxford University
Press, Oxford
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- II
ECONOMICS OF BANKING II
COURSE CODE: BPABECO203 (2018-19) Credits- 04
Preamble:
The main objective of this paper is to train the students to analysis which are commonly
applied to understand economic problems. The emphasis of this paper is on
understanding economics with the help of quantitative techniques. Hence, in this paper a
student will be initiated into various economic concepts.
Sr.
No.
Modules/Units Lectures
(48)
1 Theories of Money
Theories of Value of Money- Fisher, Cambridge equations, the Cash
Balances Approach- Keynesian Theory of Money and Prices, The
Real Balance Effect, Wicksell’s contribution.
12
2 Financial intermediaries in India
The Indian commercial banking- Functions and growth of financial
institutions in India -Recent reforms in banking sector in India -Non-
bank financial intermediaries (NBFI’s) - The currency and credit
schools- - Role of Non-Banking financial institutions in India –
Mutual funds, LIC, Investment companies, venture capital- Role of
12
regulatory authorities – SEBI and IRDA.- Financial sector reforms
in India
3 Monetary Policy
Principles of Monetary Policy: Its meaning, objectives, frame work,
targets and indicators of monetary policy; Transmission mechanism
of monetary Policy- Restrictive Vs. accommodating monetary
policy- Need and effectiveness of monetary policy- Lags in
monetary policy- Role of monetary policy in developing countries -
Monetary and credit planning - Monetarist and Keynesian views on
monetary policy
12
4 Inflation and Trade cycle
Inflation Measurement and types of Inflation, Demand and Supply
side Inflation, Causes and effects of Inflation, Methods to Check
Inflation, stagflation and Anti- Inflation Policy, Inflation and Indian
Economy. Inflation and Unemployment- Philips curve, The
Relationship between Inflation and Unemployment, Long run
Phillips Curve- Business Cycles Meaning and Nature, Theories of
trade Cycle: Schumpeter, Keynesian, Samuelson and Hicks - Non-
Monetary theories of business cycles.
12
REFERENCES:
1) Gupta, S. B. (1983) Monetary Economics, 2/e, S. Chand & Co., New Delhi.
2) Mitra, S. (Ed.) (1970). Money and Banking, Random House, New York.
3) Savors, R. S. (1978). Modern banking, 7/e, Oxford University Press, Delhi.
4) Chandlar, L. V. and S. N. Goldfield (1977). Economics of Money & Banking, 7/e,
Harpar and Row,
New York
5) Sayers, R.S. Modern Banking, Oxford University Press, New Delhi
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- II
STATISTICS FOR ECONOMICS II
COURSE CODE: BPABECO204 (2018-19) Credits- 04
Preamble:
The main objective of this paper is to train the students to use the techniques of statistical
analysis, which are commonly applied to understand and analyze economic problems.
The emphasis of this paper is on understanding economics with the help of quantitative
techniques
Sr.
No.
Modules/Units Lectures
(48)
1 Interpolation and Extrapolation
Meaning and Significance of interpolation and extrapolation-
Assumptions of interpolation and extrapolation- Methods of
Interpolation, Binomial Method, Newton’s method , Lagrange
method
12
2 Statistical Inference and Testing of Hypothesis
Hypothesis Testing – Meaning, Concept , Types, Procedure , Degree
of Freedom, Type 1 and Type 2 errors-Goodness of fit, Confidence
intervals and level of significance-Tests of significance for Large
Samples -Test of Significane for Small Samples- Studen’s t test, Z
test and Chi Square Test
12
3 Analysis of Variance 12
Introduction, Assumptions and Techniques-Variance in One Way
Classification-Variance in Two Way Classification - ANOVA table
, F test
4 Sampling techniques
Census Method – Meaning, Merits and Demerits of Census
Method, Sample Method – Meaning, Merits and Demerits of
Sample Method- Methods of Sampling - Random Sample – Simple
Random sampling, Stratified Sampling, Systematic Sampling,
Multistage Sampling, non-random sampling techniques- Judgment
Sampling, Convenience Sampling, Cluster Sampling, Sequential
Sampling
12
REFERENCES:
1) Agarwal Y.P: Statistical Methods: Concepts, Applications and Computations, New
Delhi: Sterling Publishers, 1988.
2) Blalock, Hubert M: Social Statistics, London: McGraw Hill, 1981.
3) CroxtonFrederiel, Dudley J. Gowden and Sidny Klein: Applied General Statistics,
New Delhi: Prentice Hall, 1975.
4) Edward A.L: Statistical Methods for the Behavioural Sciences, New York: Rinchart&
Co, 1954.
5) Garrett E: Statistical Methods for Research Worker, New York, Hafner Publishing &
Co, 1950.
6) Grewal P.S: Methods of Statistical Analysis, New Delhi: Sterling Publishers, 1990.
7) Gupta C.B: An Introduction to Statistical Methods, New Delhi, Vikas Publishers,
2005.
8) Gupta S.P: Statistical Methods, New Delhi, Chand & Co, 2005.
9) Gupta. S.C: Fundamentals of Statistics, Bombay, Himalaya Publishing House, 2000.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- III
ECONOMICSOF GROWTH & DEVELOPMENT I
COURSE CODE: BPABECO301 (2018-19) Credits- 04
Preamble:
This course is designed to inculcate diverse concepts related to economic growth and
development by giving special emphasis on structural issues related to the process of
development
Sr.
No.
Modules/Units Lectures
(48)
1 INTRODUCTION
Development and underdevelopment – perpetuation of under
development – absolute and relative; per capita income, inequality
of income and wealth, Human development index and other indices
of development and quality of life; Food security, education, health
and nutrition – Human resource development – population problem
and growth pattern of population. Population, poverty
12
2 THEORIS OF DEVELOPMENT
Theories of development – classical theory of development- Karl Marx’s theory of development – theory of social change;
Immutable laws of capitalist development – crisis in capitalism-
Schumpeter and capitalist development- Kremer’s O-ring theory
of economic development.
12
3 AGRICULTURE, INDUSTRY IN ECONOMIC
DEVELOPMENT
12
Importance of agriculture and industry in economic development –
The model of complementarities between agriculture and industry-
Rationale and pattern of industrialization in developing countries-
The choice of technology and appropriate technology infrastructure
and its importance.
4 LESS DEVELOPED COUNTRIES AND DEVELOPMENT
Need for investment criteria in less developed countries; present vs.
future growth; Alternative investment criteria; cost – benefit
analysis- Role of monetary and fiscal policies in developing
countries - WTO and developing countries.
12
REFERENCES:
1) Adelman I. (1961) Theories of Economic development, Stanford University Press.
2) Behrman S. and T.N. Srinivasan (1965), Handbook of Development economics, Vol.3, Elsevier,
Amesterdam.
3) Brown M. (1966), On the Theory and Measurement of Technical Change, Cambridge University,
Press, Cambridger, Mass.
4) Chenary H.B. and T. N. Srinivasan, (Eds.), (1989), Handbook of Development Economics, Vol.1& 2,
5) Chenery, H. and T. N. Srinivasan (Eds.) (1989), Handbook of Development Economics, Vols. 1 & 2,
Elsevier, Amsterdam.
6) Dasgupta, P. (1993), An Enquiry into Well-being and Destitution, Clarendon Press, Oxford.
7) Ghatak, S. (1986), An Introduction to Development Economics, Allen and Unwin, London.
8) Gilliis, M. D. H. Perkins, M. Romer and D. R. Snodgrass (1992), Economics of Development, (3rd
Edition), W. W. Norton, New York.
9) Hogendorn, J. (1996), Economic Development, Addison, Wesley, New York.
10) Kindleberger, C.P. (1977), Economic Development, (3rd Edition), McGraw Hill, New York.
11) Meier, G. M. (1995), Leading Issues in Economic Development, (6th Edition), Oxford University
Press, New Delhi.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- III
INTERNATIONAL TRADE & FINANCE-I
COURSE CODE: BPABECO302 (2018-19) Credits- 04
Preamble:
This course is designed to inculcate diverse concepts related to economic growth and
development by giving special emphasis on structural issues related to the process of
development
Sr.
No.
Modules/Units Lectures
(48)
1 THEORIES OF INTERNATIONAL TRADE
The Classical Theory of International Trade- Adam Smith’s Absolute Cost Advantage version, Ricardo’s Doctrine of
Comparative Costs, Opportunity Cost version by Haberler;
Comparative Costs Doctrine Expressed in Terms of Money by
Iaussig. Pro-trade, anti trade and neutral trade growth
12
2 MODERN THEORIES OF INTERNATIONAL TRADE
Heckscher-Ohlin Theory- Factor Endowments Theory: Revisited, Graphical Demonstration of Complete Factor Price Equalisation
Lerner’s Illustration of Factor Price Equalisation, Kindleberger’s
Model of Factor-Price Equalisation – Leontief’s Paradox - I.B.
Kravis’s Availability Doctrine – The Stolper- Samuelson Theorem - The Linder Theory- TheRybezynski Theorem
12
3 BALANCE OF PAYMENTS AND FOREIGN EXCHANGE
MARKET
Meaning, Structure and Importance of Balance of Trade and
Balance of Payments - Disequilibrium in Balance of Payments:
12
Kinds, Causes, Measures- Adjustment Process to Disequilibrium in
Balance of Payments - Foreign Trade Multiplier - Rate of exchange
determination: Purchasing Power Parity theory, Spot exchange market, Forward exchange market
4 EXTERNAL SECTOR OF INDIA
Volume, Composition and Direction of India’s Foreign Trade since 1991 - Trade Reforms- Trade Policy Since 1991 onwards – Trends
in India’s BOP since 1991-Rupee convertibility
12
BASIC READING LIST:
1) Bhagwati, J. (Ed.) (1981), International Trade, Selected Readings, Cambridge
University Press, Massachusetts
2) Carbough, R. J. (1999), International Economics, International Thompson Publishing,
New York.
3) Chacholiades, M. (1990), International Trade: Theory and Policy, McGraw Hill
Kogakusha, Japan.
4) Dana, M.S. (2000), International Economics: Study, Guide and work Book(5th
Edition), Routledge Publishers ,London.
5) Krugman, P. R. and M. Obstfeld (1994), International Economics Theory and Policy,
Glenview Foresman
6) Salvatore, D. (1997), International Economics, Prentice Hall, Upper Saddle River N. J.
New York
7) Soderstron, Bo (1991), International Economics, The Macmillan Press Ltd London
8) Mithani D.M. (1997), International Economics, Himalaya publishing House, Mumbai
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- III
PUBLIC ECONOMICS-I
COURSE CODE: BPABECO303 (2018-19) Credits- 04
Preamble:
This course is designed to inculcate diverse concepts related to economic growth and
development by giving special emphasis on structural issues related to the process of
development
Sr.
No.
Modules/Units Lectures
(48)
1 INTRODUCTION
Economic Rational of government; Fiscal Function of the government,
Market failures: Imperfections, Decreasing cost; Concepts of Private
Goods and Social Goods; Social welfare function; Theory of second best.
12
2 PUBLIC EXPENDITURE
Public Expenditure: Structure and growth of public expenditure;
Economic Effects of public expenditure; Wagner’s Law; Wiseman –
Peacock Hypothesis; Social Cost- Benefit Analysis; Reforms in
expenditure budgeting
12
3 PRINCIPALS OF TAXATION 12
Principle of Fiscal Neutrality; Excess Burden; Doctrine Principle of
Equity, Benefit Principle; Bowen and Lindhal Models, Ability to pay
Principle; theory of optimal taxation; Effects of taxation on work effort,
Savings, investment and growth.
4 IMPACTS AND INCIDENCE OF TAXES
Meaning of Impact and Incidence of taxes ; Distinction between Impact
and Incidence of taxes ; types of Incidence; theories of Shifting
Incidence; Shifting of Tax Incidence under Different Market Conditions.
12
REFERENCE BOOKS
1) Atkinsin, A.B. and J.E. Siglitz (1980), Lectures on Public Economics, Tata McGraw Hill, New
York.
2) Auerbach, A.J. And M. Feldstern (Eds.) (1985), Handbook of Public Economics, Vol.I, North
Holland, Amsterdam.
3) Buchanan, J.M. (1970), The Public Finances, Richard D. Irwin, Homewood.
4) Goode, R. (1986), Government Finance in Developing Countries, Tata McGraw Hill, New
Delhi.
5) Jha, R. (1998), Modern Public Economics, Rutledge, London.
6) Menutt, P. (1996), The Economics Public Choice, Edward Elgar, U.K.
7) Musgrave, R.A. (1959), The Theory of Public Finance, McGraw Hill, Kogakhusa, Tokyo.
8) Musgrave, R.A. and P.B. Musgrave (1976), Public Finance in Theory and Practice, McGraw
Hill Kogakusja, Tokyo.
9) Shome, P. (Ed), (1995), Tax Policy: Handbook, Tax Division, Fiscal Affairs Department
International Monetary Fund, Washington D.C.
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- III
PUBLIC ECONOMICS-I
COURSE CODE: BPABECO303 (2018-19) Credits- 04
Preamble:
This course is designed to inculcate diverse concepts related to economic growth and
development by giving special emphasis on structural issues related to the process of
development
Sr.
No.
Modules/Units Lectures
(48)
1 INTRODUCTION
Economic Rational of government; Fiscal Function of the government,
Market failures: Imperfections, Decreasing cost; Concepts of Private
Goods and Social Goods; Social welfare function; Theory of second best.
12
2 PUBLIC EXPENDITURE
Public Expenditure: Structure and growth of public expenditure;
Economic Effects of public expenditure; Wagner’s Law; Wiseman –
Peacock Hypothesis; Social Cost- Benefit Analysis; Reforms in
expenditure budgeting
12
3 PRINCIPALS OF TAXATION
Principle of Fiscal Neutrality; Excess Burden; Doctrine Principle of
Equity, Benefit Principle; Bowen and Lindhal Models, Ability to pay
12
Principle; theory of optimal taxation; Effects of taxation on work effort,
Savings, investment and growth.
4 IMPACTS AND INCIDENCE OF TAXES
Meaning of Impact and Incidence of taxes ; Distinction between Impact
and Incidence of taxes ; types of Incidence; theories of Shifting
Incidence; Shifting of Tax Incidence under Different Market Conditions.
12
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- IV
PUBLIC ECONOMICS-II
COURSE CODE: BPABECO401 (2018-19) Credits- 04
Preamble:
This course is designed to inculcate diverse concepts related to economic growth and
development by giving special emphasis on structural issues related to the process of
development
Sr.
No.
Modules/Units Lectures
(48)
1 PUBLIC DEBT
Classical and modern views of Public debt; Sources of Public debt;
burden of public debt; public borrowings and price level; Principles of
public debt management and repayment
12
2 FISCAL POLICY
Objectives of fiscal policy: Full employment, Anti- inflation, economic
growth, redistribution of income and wealth; Instruments of fiscal policy;
macroeconomic effects of fiscal deficits; the high inflation trap; Fiscal
deficit in India; Indian fiscal policy since 1991
12
3 FISCAL FEDERALISM 12
Fiscal federalism in India; Vertical and horizontal imbalance; Sources of
revenue of centre and state ; Decentralization theorem ; role of Finance
Commission and Planning Commission; Criteria for transfer of
resources; Deficit finance – Causes and Consequences
4 INDIAN FINANCES
Tax systems in India: Structure, Composition; Sources of Revenue of the
Union, States and local bodies; Classification of taxes: Direct and
indirect taxes, progressive, proportionate and regressive taxes, Ad-
valorem and specific taxes; reforms in direct and indirect taxes; Analysis
of Central and State government budgets.
12
REFERENCE BOOKS:
1) Atkinsin, A.B. and J.E. Siglitz (1980), Lectures on Public Economics, Tata McGraw Hill,
New York.
2) Buchanan, J.M. (1970), The Public Finances, Richard D. Irwin, Homewood.
3) Goode, R. (1986), Government Finance in Developing Countries, Tata McGraw Hill, New
Delhi.
4) Houghton, J.M. (1970), The Public Finance: Selected Readings, Penguin, Harmondswortth.
5) Jha, R. (1998), Modern Public Economics, Rutledge, London.
6) Menutt, P. (1996), The Economics Public Choice, Edward Elgar, U.K.
7) Musgrave, R.A. (1959), The Theory of Public Finance, McGraw Hill, Kogakhusa, Tokyo.
8) Musgrave, R.A. and P.B. Musgrave (1976), Public Finance in Theory and Practice, McGraw
Hill Kogakusja, Tokyo
B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)
Syllabus w.e.f. Academic Year, 2018-19 (CBCS)
M.A. Semester- IV
INTERNATIONAL TRADE & FINANCE-II
COURSE CODE: BPABECO402 (2018-19) Credits- 04
Preamble:
This course is designed to inculcate diverse concepts related to economic growth and
development by giving special emphasis on structural issues related to the process of
development
Sr.
No.
Modules/Units Lectures
(48)
1 STRUCTURE OF INTEREST RATES:
Theories of Interest rate determination - level of interest rates - long
period and short period rates- Term structure of Interest rates-Spread
between lending and deposit rates- Administered interest rates-
Appropriate interest rate policy.
12
2 Financial Markets in India:
Role and Structure of Money Market- Features of Indian money
market, defects and measures to correct them- Capital Market - Call
Money Market, Treasury Bill Market, Commercial Bill Market
including commercial paper and certificate- Role of SEBI (
12
Securities and Exchange Board of India) and IRDA (Insurance
Regulatory Development Authority)
3 Non Banking Financial Institutions
Non-banking financial institutions: Nature, Significance, types and
performance, Regulations in India- Functions of Small Saving and
Provident Funds- Performances of General & Life Insurance
company, Mutual Funds- Role& working of IFCI, ICICI, IDBI,
EXIM bank, SIDBI, SFC’s.
12
4 International Financial Market:
Nature, organization and participants, Exchange rates, devaluation
and depreciation- Working of floating exchange rates since 1991-
International Financial flows, forms and volume- Reforms in
International monetary system for developing countries- Lending
operation of World Bank and its affiliates- Asian development bank
and its lending activities,
12
BASIC READING LIST:
1) Bhagwati, J. (Ed.) (1981), International Trade, Selected Readings, Cambridge
University Press, Massachusetts
2) Carbough, R. J. (1999), International Economics, International Thompson Publishing,
New York.
3) Chacholiades, M. (1990), International Trade: Theory and Policy, McGraw Hill
Kogakusha, Japan.
4) Dana, M.S. (2000), International Economics: Study, Guide and work Book(5th
Edition), Routledge Publishers ,London.
5) Krugman, P. R. and M. Obstfeld (1994), International Economics Theory and Policy,
Glenview Foresman
6) Salvatore, D. (1997), International Economics, Prentice Hall, Upper Saddle River N. J.
New York
7) Soderstron, Bo (1991), International Economics, The Macmillan Press Ltd London
8) Mithani D.M. (1997), International Economics, Himalaya publishing House, Mumbai
B. K. Birla College of Arts, Science and Commerce,(Autonomous) Kalyan
Syllabus for Certificate Course
Academic Year, 2018-19
Preamble:
This certificate course is designed to inculcate diverse concepts related to export and
import management. By giving special emphasis on structural issues related to the
process of development.
Sr.
No.
Modules/Units Lectures
(30)
1 Preliminaries for Exports and Imports:
Meaning and Definition of Export – Classification – Strategy and
Preparation for Export Marketing – Export Marketing
Organizations – Registration Formalities – IEC – RCMC – Export
Licensing – Selection of Export Product – Identification of Markets
– Methods of Exporting – Pricing Quotations – Payment Terms –
Letter of Credit.
8
2 Export Import Documentation
Aligned Documentation System – Commercial Invoice – Shipping Bill – Consular Invoice – Mate’s Receipt – Bill of Lading – GR Form– Types of Marine Insurance Policies.Import Documents –
8
EXPORT IMPORT MANAGEMENT
Transport Documents – Bill to Entry – Certificate of Inspection –
Certificate of Measurements – Freight Declaration.
3 Export-Import Procedure
Steps in Export Procedure – Export Contract – Forward Cover –
Export Finance – Institutional framework for Export Finance –
Excise Clearance – Pre-shipment Inspection – Methods of Pre-
shipment Inspection – Marine Insurance – Role of Clearing and
Forwarding Agents – Shipping and Customs Formalities – Customs
EDI System – Negotiation of Documents – Realization of Exports
Proceeds.
7
4 Policy and Institutional Framework for Exports and Imports
Foreign Trade Policy – Highlights – Special Focus Initiatives –
Duty Drawback – Deemed Exports – ASIDE – MAI & MDA – Star
Export Houses – Town of Export Excellence – EPCG Scheme –
Incentives for Exporters. Export Promotion Councils-Commodity
Boards – FIEO – IIFT – EOUs – SEZs – ITPO – ECGC – EXIM
Bank.
7