schemeofexamination m.a.(economics) 2014-15 · 2018. 12. 26. · (vii) managerial economics-i list...

1

SchemeofExamination M.A.(Economics) 2014-15

List of Optional Paper for IIIrd Semester (Any two of the following)

List of Optional Paper for IVth Semester (Any two of the following)

SEMESTERI

CourseNo. CourseTitle Theory+Int.

ECO-101 Microeconomics-I 80+20

ECO-102 Macroeconomics-I 80+20

ECO-103 EconomicsofGrowthandDevelopment-I 80+20

ECO-104 MathematicsforEconomists-I 80+20

ECO-105 Statistical Methods-I 80+20

Total Marks 500

SEMESTER II

ECO-201 Microeconomics-II 80+20

ECO-202 Macroeconomics-II 80+20

ECO-203 EconomicsofGrowthandDevelopment-II 80+20

ECO-204 MathematicsforEconomists-II 80+20

ECO-205 Statistical Methods-II 80+20

Total Marks 500

SEMESTER III

ECO-301 Indian Economy-I 80+20

ECO-302 International Trade & Finance-I 80+20

ECO-303 Public Economics-I 80+20

ECO-304 Optional Paper - I 80+20

ECO-305 Optional Paper - II 80+20

Total 500

SEMESTER IV

ECO-401 Indian Economy-II 80+20

ECO-402 International Trade & Finance-II 80+20

ECO-403 Public Economics-II 80+20

ECO-404 Optional Paper - III 80+20

ECO-405 Optional Paper - IV 80+20

Total Marks 500

GrandTotal 2000

2

List of Optional Paper for IIIrd Semester (Any two of the following)

(i) Mathematical Economics – I

(ii) Industrial Economics – I

(iii) Agricultural Economics-I

(iv) Financial Institutions and Markets-I

(v) Econometrics-I

(vi) Operations Research-I

(vii) Managerial Economics-I

List of Optional Paper for IVth Semester (Any two of the following)

(i) Mathematical Economics – II

(ii) Industrial Economics – II

(iii) Agricultural Economics-II

(iv) Financial Institutions and Markets-II

(v) Econometrics-II

(vi) Operations Research-II

(vii) Managerial Economics-II

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M.A.(Economics) 2014-15

Semester-I

ECO 101 MICROECONOMICS-I

MaximumMarks:100

ExternalExamination:80

InternalAssessment:20

Time: 3Hrs.

Unit-I

Natureandscopeof EconomicsandMicroeconomics.Positive andnormativeanalysis.Role

ofassumptionsineconomic analysis.Circular flowofeconomicactivity.

Conceptsofhousehold,firm,factors

ofproduction,equilibrium, partialandgeneral,static,comparativestaticanddynamic

analysis,marginandslope.

Elasticity -needandmeasures-Relationshipbetweenrevenueandelasticity.

Unit-II

Analysisofconsumerbehaviour,demandfunction,law of demand-cardinal, ordinal and revealled

preferencecue approaches, income-consumption curve, Engel curve,

substituteandcomplimentarygood

s.

Marketdemandcurve;consequencesofBandwagon,Snob andVebleneffect.Conceptofconsumersurplus.

Unit-III

LawsofProduction:shortrunandlongrun.Internalandexternal economiesanddiseconomies.Conceptofcost,

derivationof shortandlongruncostcurves.Optimuminputcombination. Simple

caseofmultiproductfirm.Technical progress and production function: Hick's classification.

Elasticityofsubstitution.PropertiesofCobb-DouglasandCESproduction function.

Unit-IV

Pricing processand equilibriumof firmand industry

underperfectcompetition,monopoly(includingdiscriminatingmonopoly and bilateral monopoly,

monopolistic competition. Welfareeffectsofpricecontrol,pricesupportandproductionquota. Note:

Thequestionpapershallhavefiveunits.Eachofthe first fourunits will contain two questions

and the studentsshallbeaskedtoattemptonequestionfrom each unit. Unit fiveshall contain

eight to ten short

answertypequestionswithoutanyinternalchoiceanditshallcovertheentiresyllabus.Assuch,unitfiv

eshall becompulsory.

SUGGESTED READING

Koutsoyiannis,A."ModernMicroeconomics"(Macmillan)

Lipsey,R.G.andChrysal,K.Alec"AnIntroductiontoPositiveEconomics"(OUP)

Salvatore,D."MicroeconomicTheory"(Shaum'sOutline series, Tata McGrawHill)

4


Semester-I

ECO 102 MACROECONOMICS-I

MaximumMarks:100



Time: 3Hrs.

Unit-I

Determination of Output and Employment : Classical Approach -

OutputandEmploymentinclassicalTheory;The

QuantityTheoryofMoneyandthePriceLevel;ClassicalModel

withoutsavingandinvestment;ClassicalModelwithsaving and investment.

KeynesianApproach TwoSectorModel,ThreeSectorModel andFourSectorModel.

Unit-II

Determination of Outputand Employment :Theextended Model(Hickes-Henson

Synthesis):FixedPriceLevel-The goodsMarketandtheMoneyMarket;EquilibriuminGoods

MarketandMoneyMarket;ChangesinAggregateDemand;

Govt.spending,TaxationandAggregateDemand;TheIS- LM ElasticitiesandMonetaryFiscalPolicies.

Unit-III

The Extended Model :Variable Price Level - Deviation of

AggregateDemandCurveandDeterminationofequilibrium priceandoutput level; wage- price

flexibility and the Full Employmentequilibrium;Monetary-FiscalpoliciesandtheFull-

EmploymentEquilibrium.

Unit-IV

BehaviouralFoundation:TheoriesofConsumption–The

AbsoluteIncomeHypothesis,ThePermanentIncomeTheory of Consumption; The Life cycle Theory of

Consumption ; Theories of Investment - The Present Value Criterion for

Investment;TheMarginalEfficiencyofCapitalandInvestment;

TheAcceleratorTheory;FinancialTheoryofInvestment.

Note:

Thequestionpapershallhavefiveunits.Eachofthe first fourunits will contain two questions and the

studentsshallbeaskedtoattemptonequestionfrom each unit. Unit fiveshall contain eight to ten short

answertypequestionswithoutanyinternalchoiceand

itshallbecoveringtheentiresyllabus.Assuch,unit fiveshallbecompulsory.

SUGGESTED READING Ackley, G(1978), Macroeconomics : Theory and Policy,Macmillan,NewYork.

Banson, W.A. (1989), MacroeconomicTheory and Policy,(3rdEdition),HarperandRow,NewYork.

Dorn Busch, R. andF. Stanley(1997), Macroeconomics,McGrawHill,Inc.NewYork.

Heijdra,B.J.andV.P.Fredricck(2001),Foundationof Modern Macroeconomic, Oxford University

5

Press, NewDelhi.

Jha, R. (1991) ContemporaryMacroeconomicsTheoryandPolicy, WileyEasternLtd., NewDelhi.

Shapiro,E.(1996),MacroeconomicAnalysis,Galgolia Publication,NewDelhi.

Survey,M.J.C.(Ed.)(1976),MacroeconomicThemes, BoandReedGeoffrey(1994)InternationalEconomics,

MacmillanPressLtd.

Peterson, W.C.(1978), Income Employment and EconomicGrowth,Norton,New York.

Sheffrin,StevenM.(1996),RationalExpectations,2nd edition,cambridgeUniversityPress.

7


Semester-I

ECO 103ECONOMICSOFGROWTHAND DEVELOPMENT-I

MaximumMarks:100



Time:3Hrs.

Unit-I

Economicgrowth, Economicdevelopment-meaning, developmentandunderdevelopment.

Perpetuationofunderdevelopment-viciouscircleof poverty, circularcausation, structuralviewofunder-

development.Measurementofdevelopment-conventional,Human Development

Indexandqualityoflifeindices, conceptof sustainabledevelopment.

Unit-II

Theoriesofdevelopment:Classical,MarxSchumpeterand

structuralanalysisofdevelopment,Lewismodelofdevelopment. Renis-

FeiModel,dependencytheoryofdevelopment. Restow's-Theoryofstagesofeconomicgrowth.

Unit-III

Strategiesofeconomicgrowth:balancedgrowth,criticalminimum

efforts,bigpush,unbalancedgrowth,lowincomeequilibriumtrap.

Unit-IV

Theoriesofeconomicgrowth:ModelsofgrowthofJohnRobinson andKaldor,Harrod-

Donarmodel,instabilityofequilibrium,Neo- classicalgrowthsolow'smodel,steadystategrowth,made.

Note:

Thequestionpapershallhavefiveunits.Eachofthe first fourunits will contain two questions

and the studentsshallbeaskedtoattemptonequestionfrom each unit. Unit fiveshall contain

eight to ten short answertypequestionswithoutanyinternalchoiceand

itshallcovertheentiresyllabus.Assuch,unitfiveshall becompulsory.

SUGGESTED READING

Meir, G.M. (1995), LeadingIssues in Economic Development,OxfordUniversityPress,NewDelhi.

MishraS.K.andV.K.Puri,ERconomicsofDevelopment andPlanning,HimalayaPublishing House,Mumbai.

Todaro,M.P.EconomicDevelopment,LatestEdition, Longman,London.

Hogendorn, J. (1996), EconomicDevelopment, Addison,Wesley,NewYork.

Thiwal, A.P. (2003), (6th Edition), Growth and Development,Macmillan,NewYork.


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Semester-I

ECO 104 MATHEMATICSFORECONOMISTS

MaximumMarks:100



Time:3Hrs.

Unit-I

Basics:realnumbersystem,setsandset operations, relations and functions, inverse functions; solution of

linear equations in two variables, solution of quadratic equations,

logarithmsandexponents;exogenousandendogenousvariables.

Unit-II

FundamentalsofMatrices;Determinants.Solutionofa systemof upto3 equations by matrixinversionand

Cramer's rule.Input-Outputanalysis-Staticopenmodel.

Unit-III

Differentiation-ideaoflimit(butnotitsevaluation),meaning and economicinterpretations

ofderivative. Rules ofdifferentiationincludinglogarithms andexponential functions.Unconstrainedoptimization-

singlechoicevariable;globalandlocal.

Unit-IV

Calculusofmultivariablefunctions,higherorderderivatives,

constrainedoptimizationwithupto2equalityconstraints.

Note:

1. Purposeofthecourseistolearn,withunderstanding application of mathematical tools, in

economics. Derivationsand proofsare to be avoided

2. Thequestionpapershallhavefiveunits.Eachofthe first fourunits will contain two questions

and the students shall be asked to

attemptone question fromeachunit.Unitfive shallcontaineightto ten short answer type

questions without any internal choice and it shall cover the entiresyllabus. As

such,unitfiveshallbecompulsory.

SUGGESTED READINGS Chiang, Alpha C. "FundamentalMethodsof MathematicalEconomics" (McgrawHill).

Dowling, EdwardT. "Mathematics forEconomists" (Schaum'sOutlineSeries,TataMcgrawHill).

9


Semester-I

ECO 105 STATISTICALMETHODS-I

MaximumMarks:100



Time:3Hrs. Unit-I

Diagrammaticandgraphicrepresentationof statistical data.Measures of central tendency: A.M.,

G.M.,H.M., Median,quartiles,deciles,percentiles,mode,relationship between A.M., G.M.

andH.M. selectionofanaverage, Limitationsofaverages.

Unit-II

Measures of dispersion:Range, interquartile range,

quartiledeviation,meandeviation,standarddeviation.Standard deviation of the combined series,

variance, coefficient of variation, relation between various measures of dispersion,

Lorenzcurve,skewnessandkurtosis,moments.

Unit-III

Ind exnumbers : P r ob lema nd me tho ds o f construct ionofvarioustypesof indices, Laspeyres,

Paasche'sandFishersidealindexnumbers.Timereversal, factorreversalandcirculartests; chain-

baseindices,base shifting,splicinganddeflatingtheindexnumbers.Costof

livingindexnumbersandconsumerpriceindexnumbers.T ime s er ies c ompone nt s of t ime se r ies

an d t he i rdecomposition. Methodsof measuringtrend, cyclical,

seasonalandirregularvariations.

Unit-IV

Random experiment, random variable, sample space, events, fundamentalsprinciplesof

counting, classical,relativefrequencyandaxiomaticapproachesto probabi li ty, bas ic resultson

probabili ty, condit ional probability, Baye'stheorem.

Note:

The questionpaper shallhave five units. Each ofthefirstfourunitswill

containtwoquestionsandthestudentsshall beaskedtoattemptone questionfrom

eachunit.Unitfiveshallcontaineighttotenshort answer typequestions without anyinternal choice

anditshallcovertheentiresyllabus.Assuch,unit fiveshallbecompulsory.

SUGGESTED READING Gupta S.C."FundamentalsofStatistics"S.Chand&SonsNewDelhi(1993).

Spiegel, MurryR "Theory and problemsof Statistics" (Schaum'soutlineseries,McGrawHill)(1992)

KamalP.H.andPolasekM."AppliedStatisticsfor Economists(4thEdition),Pitman, Austral


10

Semester-II

ECO 201 MICROECONOMICS-II

MaximumMarks:100



Time:3Hrs.

Unit-I

Oligopoly: noncollusivemodels-Cournot,Bertrand, kinked demand model ; collusive models -

joint profit maxmising,marketsharingandleadershipcartels.Critiqueof neo-

classicaltheoryoffirm.Theoryofgames-twoperson,

zerosumgame,pureandmixedstrategy,saddlepointsolution.

Unit-II

Alternat ivetheoriesof f irm : Baumol's Sales maximization model (simple, static without

advertisement model), Morris, Williamson, Average/fullcost pricing, Bain's

limitpricingandbehaviouralistmodelofCyertandMarch.

Unit-III

Neoclassical theory of factor pricing under

comparartiveconditions,withmonopolisticpowerinproduct market, monoposonisticpower in factor

market, bilateral monopolyinfactormarket,monopolyinfactormarket.Product

exhaustionproblem.Neoclassicaltheoryof rent,quasi-rent,

interestandprofit.IssuesinGeneralEquilibriumanalysis.

Unit-IV

Conceptofsocialwelfare,someearlycriteria,Pareto

optimallycriterionandefficiencyconditions,Bergson'ssocial

welfarefunction,ideaoftheoryofsecondbestandArrow's

impossibilitytheorem,compensationcriterion.Marketstructure andwelfaremaximization.Marketfailure-

caseofexternality andpublicgoodsandwaysofcorrectingit.

Note:

The questionpaper shallhave five units. Each ofthefirstfourunitswill containtwoquestionsandthe

studentsshall beaskedtoattemptone questionfrom eachunit.Unitfiveshallcontaineighttotenshort

answer typequestions without anyinternal choice anditshallcovertheentiresyllabus.Assuch,unit

fiveshallbecompulsory.

SUGGESTED READING Koutsoyiannis, A."Modern Microeconomics" (Macmillan)

Lipsey,R.G.andChrysal,K.Alec"AnIntroductiontoPossitiveEconomics.(OUP)

Salvatore,D."MicroeconomicTheory" (Schaum'sOutlineseries,TataMcGrawHill.).

11


Semester-II

ECO 202MACROECONOMICS-II

MaximumMarks:100



Time:3Hrs.

Unit-I

The Demand for and supply of money : Classical ApproachtoDemandforMoney-

QuantityTheoryApproach; Fisher's equilibrium; Cambridge Quantity theory; Keynes

LiquidityApproach - Transact ion, Precautionaryand Speculative Demand for Money, Aggregate

Demand for Money;Friedman,Patinkin,BaumolandTobin. Determinantsofmoneysupply,High-powerMoney,MoneyMultiplier.

Unit-II Inflation:DefinitionofInflation;Economiceffectsof Inflation- TheeffectofInflationonthedistributionofIncomeand Wealth,TheeffectofInflationonoutput,EmploymentandtheGrowth Rate;Demandsideandsupplysidetheoriesofinflation.

Unit-III Inflationandunemployment:ThePhillipsCurve,The Inflationary PressureCurve : Phillips Curve,

Inflationary PressureCurveandtheRateofinflation.ThePhillipsCurve; Trade

offandNonTradeoff.AdaptiveExpectationandRational Expectation,KeynesianismVsMonetarism.

Unit-IV TradeCycles-ModelsofSamuelson,HicksandKaldor, Economic Growth: Harrod- DomarModel; Neo

Classical Model(withmoney&withoutmoney).InternationalAdjustment

:TheDeterminationofNationalIncomeinopenEconomy;The

InternationalTransmissionofDisturbance:Transmissionunder

FixedExchangeRate;TransmissionunderFloatingExchange rate(MundellFlemingModel).

Note: The questionpaper shallhave five units. Each ofthefirstfourunitswill containtwoquestionsandthe

studentsshall beaskedtoattemptone questionfrom eachunit.Unitfiveshallcontaineighttotenshort

answer typequestions without anyinternal choice anditshallcovertheentiresyllabus.Assuch,unit


SUGGESTED READING

Ackley, G(1978), Macroeconomics : Theory and Policy,Macmillan,NewYork.

Banson, W.A. (1989), MacroeconomicTheory and Policy,(3rdEdition),HarperandRow,NewYork.

Dorn Busch, R. and F. Stanley (1997),

Macroeconomics,McGrawHill,Inc.NewYork. Heijdra,B.J.andV.P.Fredrick(2001),Foundationof Modern Macroeconomics, Oxford University Press, NewDelhi.

Jha,R.(1991)ContemporaryMacroeconomicsTheoryandPolicy, WileyEasternLtd.,NewDelhi.

Shapiro,E. (1996),MacroeconomicAnalysis,Galgotia Publication,NewDelhi.

12

Survey,M.J.C.(Ed.)(1976),MacroeconomicThemes,

BoandReedGeoffrey(1994)InternationalEconomics, MacmillanPressLtd.

Peterson, W.C.(1978), Income Employment and EconomicGrowth,Norton,New York.

Sheffrin,StevenM.(1996), RationalExpectations,2nd edition,CambridgeUniversity Press.

13


Semester-II ECO 203ECONOMICSOFGROWTHAND DEVELOPMENT-II

MaximumMarks:100



Time:3Hrs. Unit-I

SectoralAspectsof development; Importance of agricultureandindustryineconomicdevelopment.

Roleofinstitutions-governmentandmarkets.Poverty-indicatorsandmeasurement.

Unit-II

Tradeanddevelopment: tradeas anengine ofgrowth,

twogapanalysis,Prebisch,SingerandMurdalviews,gainsfrom

tradeandLDCs;RoleofforeignDirectinvestment(FDI)andMulti-

nationalcorporations(MNCs)intheemergingscenario.

Unit-III

Objects androle of monetary and fiscal policies

ineconomicsdevelopment;Choiceoftechniquesandappropriate

technology;InvestmentCriteria;Costbenefitsanalysis.

Unit-IV

Techniquesofplanning:PlanModelsinIndia;Planning inamarket-

orientedeconomy;Endogenousgrowth;roleof educationresearchandknowledge-ExplanantionofCross

countrydifferentialsineconomicdevelopmentandgrowth.

Note :

The questionpaper shallhave five units. Each ofthefirstfourunitswill containtwoquestionsandthe

studentsshallbeaskedtoattemptonequestionfrom eachunit.Unitfiveshallcontaineighttotenshort

answertypequestionswithoutanyinternal choiceanditshallcovertheentiresyllabus.Assuch,unit


SUGGESTED READING

Behrman,S.andT.N.Srivasan(1995),Handbookof DevelopmentEconomics,Vol-3,ElsevierAmsterdam.

Chenery,H.B.et.al.(Eds.)(1974),Redistributionwith Growth,OxfordUniversityPress,Oxford.

Higgins, B. (1959), EconomicDevelopment, W.W. Norton,NewYork.

Kindleberger,C.P.(1977)Economicdevelopment(3rd

Edition),Mc GrawHill,NewYork.

Todaro,M.P.EconomicDevelopment,LatestEdition, Longman,London.

Thirwal, A.P. (2003), (6th Edition), Growth and Development,Macmillan,NewYork.

Singh S.P. (ed.) . Fromunderdevelopmentto Development

14


Semester-II ECO 204MATHEMATICSFORECONOMISTS-II

MaximumMarks:100



Time:3Hrs.

Unit-I

Integration -meaningand economicinterpretation.

Indefiniteanddefiniteintegration.Simpletechniquesincluding integrationby

substitutionandintegrationby parts.

Unit-II

Differentialequation-basicconcepts,solutionoffirst order lineardifferentialequation. Non-linear

Differential equation-exactandvariableseparabletypeonly.Linear

Differential equat ion of second order with constantcoefficientandterm.

Unit-III

Differenceequation-basicconcepts,solutionoffirst

andsecondorderlineardifferenceequationwithconstantterm andcoefficient.

Unit-IV

LinearProgramming-Relevanceandbasicconcepts,

graphic,simplexanddualsolution.Economicinterpretation ofdual.

Note:

1. Purposeofthecourseis tolearn,withunderstanding application of mathematicaltools in

economics. Derivations and proofs are to beavoided

2. Thequestionpapershallhavefiveunits.Eachofthe first fourunits will contain two questions and

the studentsshallbeaskedtoattemptonequestionfrom each unit. Unit five shall contain eight to ten short

answertypequestionswithoutanyinternalchoiceand itshall cover theentire syllabus. Assuch, unitfive

shallbecompulsory.

SUGGESTED READINGS

Chiang, Alpha C. "FundamentalMethodsof MathematicalEconomics" (McgrawHill).

Dowling, EdwardT. "Mathematics forEconomists" (Schaum'sOutlineSeries,TataMcgrawHill).

15


Semester-II

ECO 205STATISTICALMETHODS-II

MaximumMarks:100



Time:3Hrs.

Unit-I

Probabilitydistributionofarandomvaraible,conceptanduseofmathematicalexpectation,meanandvarainaceofa distributionin terms of expectation, moments, density fucntions.Jointandmarginalprobabilitydistributions.Binomial, Poisson andNormal distribution, properties and inter relationships,Fittingofdistributions.

Unit-II

Census versussample enumeration. Methods and

typesofsampling,samplingerror,smallandlargesample,

conceptofanestimatoranditssamplingdistribution;properties

ofagoodestimator,conceptsofpointandintervalestimation,OLSand

MLestimatorsofregressionparameters.

Unit-III

Elements of statistical Inference : Parameter and estimators, concepts of samplingdistribution of a

statistic,

standarderror,hypothesistesting,testsofsignificance,TypeIandTypeIIerrors,levelofsignificance,Powerofa

test,z,t,chi- squareandFtests.

Unit-IV Correlationandregression;simplecorrelation,Pearson Spearman's correlationcoefficients, multiple

and partial correlationanalysis,specificationofasimplelinearregression

model,leastsquareestimationoflinearregressioncoefficients,

interpretationandregressioncoefficientsandtheirproperties.

Note :

The questionpaper shallhave five units. Each ofthefirstfourunitswill

containtwoquestionsandthe studentsshallbeaskedtoattemptonequestionfrom

eachunit.Unitfiveshallcontaineighttotenshort answer typequestions without anyinternal

choice anditshallcovertheentiresyllabus.Assuch,unit fiveshallbecompulsory.

SUGGESTED READING

Gupta S.C."FundamentalsofStatistics"S.Chand&SonsNewDelhi(1993).

Spiegel, MurryR "Theory and problemsof Statistics" (Schaum'soutlineseries,McGrawHill)(1992)

KamalP.H.andPolasekM."AppliedStatisticsforEconomists(4thEdition),Pitman, Australia

16


Semester-III

ECO 301 INDIAN ECONOMY-I

MaximumMarks:100



Time:3Hrs.

Unit-I

FeaturesofIndianeconomy;Nature andCharacteristicsofIndian economy; Planning;

objectivesandstrategies; failuresandachievementsof plans.

Basic economicindicators-National income, performance of

differentsectors,Trendsinpricesandmoneysupply.

Unit-II

Institutionalstructure;Land-reformsinIndia;Agriculturalmarketing and warehousing; Issues in food

security – policies for sustainable agriculture;Agriculturalfinancepolicy;Agriculturepricepolicy.

Unit-III

Malthusiantheoryofpopulation,optimumtheoryofpopulation,theory

of demographic transition, population as 'Limits to Growth' and as

'UltimateSource'.

ConceptsofDemography-Vitalrates,lifetables,compositionanduses.Measurementoffertility–Totalfertility

rate,grossandnetreproduc-

tionrate–Agepyramids,populationprojection-stable,stationaryand quasi-stationary population;

Characteristics of Indian population throughrecentcensus.

Unit-IV

Financial Sector : Monetary policy of RBI; Money and Capital markets; Growth and problem; Role of

commercial banks in India; Bankingsectorreformssince1991. Note:Thequestionpapershallhavefiveunits.Eachofthefirstfour units will contain two questions and the students shall be asked to attemptonequestionfromeachunit. Unitfiveshallcontaineightto ten short answer type questsionswithout any internal choiceand it

shall becovering the entire syllabus. As such, unit five shall be compulsory.

SuggestedReading:

– Bardhan, P.K. (9thEdition)(1999),ThePoliticalEconoyofDevel-

opmentinIndia,OxfordUniversityPress,New Delhi.

– Brahmanda, P.R. andV.R. Panchmukhi(Eds.)(2001), Develop-

mentExperienceintheIndiaEconomy;Inter-statePerspectives, Bookwell,Delhi.

– Datta,R.andK.P.M.Sundhram(2003),IndianEconomy.S.Chand

&CompanyLtd.New Delhi.

– GovernmentofIndia,EconomicSurvey,(Annual),Ministry ofFi- nance,NewDelhi.

– Mishra, S.K. andV.K. PuriIndianEconomy–1stDevelopment

Experience,HimalayaPublishingHouse,Mumbai,LatestEdition.

– RudraAshok,IndianPlanModels.

– Todaro,P.DevelopmentPlanning:ModelsandMethods–

UnitedNations,GuidelinesforProjectedEvaluation.

17


Semester-III

ECO 302 INTERNATIONAL TRADE & FINANCE-I

MaximumMarks:100



Unit-I

The pure theory of international trade – Theories of absolute

advantage,comparativeadvantageandopportunitycosts, moderntheory

ofinternationaltrade;Theoremoffactorpriceequalization;Empirical

testingofthetheoryofabsolutecostandcomparativecost-Heckscher- Ohlin theory of trade. Kravis and Linder

theory of trade Role of dynamic factors, i.e. change intastes, technology andfactor

endowmentsinexplainingtheemergenceoftrade;

Unit-II

The Rybezynskitheorem-concept andpolicy implicationsof

immiserizinggrowth;Causesofemergencyandmeasurementofintra-

industrytradeanditsimpactondevelopingeconomies.Measurement

ofgainsfromtradeandtheirdistribution;Conceptsoftermsoftrade, their uses andlimitations for less

developedcountries; Tradeas an engineofeconomicgrowth;Welfareimplications-empiricalevidence

andpolicyissues;

Unit-III

Thetheoryofinterventions (Tariffs, Quotasandnon-tariffbarriers); Economic effects of tariffs and quotas on

national income, output, employment, terms of trade, income distributionand balance of

paymentsontradingpartnersbothinpartialandgeneralequilibrium analysis. The political economyof non-

tarriffbarriers and their implications;Tradeunderimperfectlycompetitivemarket.

Unit-IV

Meaning and components of balance of payments; Equilibrium and disquilibriuminthebalanceofpayments;Theprocessofadjustment under system of gold standard, fixed exchange rates and flexible exchangerates; Expenditure-reducing and expenditure-switching policies and direct controls for adjustment; Policies for achieving internal and external equilibrium simultaneously under alternative exchange rate regimes; a critical review of the Absorption and monetaryapproachestothetheoryofbalancepaymentadjustment.

Note:Thequestionpapershallhavefiveunits.Eachofthefirstfour units will contain two questions and the

students shall be asked to attemptonequestionfromeachunit. Unitfiveshallcontaineightto ten short answer

type questsionswithout any internal choiceand it shall be covering the entire syllabus. As such, unit five

shall be compulsary.

SuggestedReading:

– Bhagwani,J.(Ed.)(1981),InternationalTrade,SelectedReadings,

CambridgeUniversityPress,Massachusetts.

– Carbouth,M.(1999),InternationalEconomics,InternationalTh- ompsonPublishing,NewYork.

– Chacholiades,M.(1990),InternationalTrade:TheoryandPolicy, McGrawHill,Kogakusha,Japan.

– Dana,M.S.(2000),InternationalEconomics:StudyGuideandWork

18

Book(5thEdition)RutledgePublishers,London.

– Dunn, R.M. and J.H. Mutt (2000), International Economics, RutledgePublishers,London.

– Kenen,P.B.(1994),TheInternationalEconomy,CambridgeUni- versityPress,London.

– Kindleberger,C.P.(1973),InternationalEconomics,R.D.Irwin, Homewood.

– King,P.G.(1995),InternationalEconomicsandInternationalEco-

nomicPolicy:AReader,McGrawHillInternational,Singapore.

– Krufman,P.R. andM.Obstfeld(1994),InternationalEconomics: TheoryandPolicy,Glenview,Foresman.

– Salvatore,D.(1997),InternationalEconomics, PrenticeHall,Up- perSaddleRiver,N.J.NewYork.

– Soderston,BO(1991),InternationalEconomics,TheMacmillan PressLtd.London.

19


Semester-III

ECO 303 PUBLIC ECONOMICS-I

MaximumMarks:100



Unit-I

Economicrationaleofgovernment, fiscalfunctions; market failures; imperfections, decreasingcosts,

externalitiesandpublic goods; con- ceptsofprivategoods,purepublicgoods,mixedgoodsandmeritgoods;

theoryofpublicgoods;freeRider'sproblem,theoptimalprovisionof publicgoods,

contributionsofSamuelsonandMusgrave.Lindhalequi-

libriumpublicchoiceandfiscaldecisionmaking,votingsystems,ma- jorityvoting.

Unit-II

Budgeting :Various concepts of Budget, reforms in expenditure

budgeting,zerobasedbudgetingandperformancebudgeting.Budgets

oftheUnionGovernmentinIndia, budget makingprocess inIndia; PublicexpenditureinIndia;trendsandissues.

Unit-III

Public Expenditure: Structure and growth of public expenditure; Wangner'shypothesis,Peacock-

Wisemanhypothesis;economiceffects

of public expenditure; criteria for public investment, social cost-

benefitsanalysis;valuationofbenefitsandcosts,discountrate.

Unit-IV Theory ofTaxation:Vatiousapproaches totaxation, neutrality, eq- uity, ability to pay, benefit principle, revenuemaximization, income maximization;analysisofincidenceoftaxes,elasticity,buoyancyand taxable,capacity,efficienttaxdesign:optionaltaxation,effectsoftaxa- tiononworkeffort,savings,investmentandgrowth;classificationof taxes:directandindirecttaxes,progressive,proportionate andregres-sivetaxes,Advaloremandspecifictaxes; taxsysteminIndia;struc-

ture,compositionandvariouseconimicissues.





SuggestedReading:

– MasgraveR.A.andMasgraveP.B.,PublicEconomicsinTheory andPractice,McGrawHill.

– Stiglitz,J.E.,EconomicsofPublicSector,J.W.Norton&Com- pany.

– Singh,S.K, PublicFinanceinTheoryandPractice,S. Chand&Co.

– Government ofIndia,Ministry ofFinance:EconomicsSurvey(of variousyears).

– RajaJ.Challiah, TowardsSustainableGrowth,EssayinFiscaland

FinancialSectorReformsinIndia, OxfordUniversityPress, Delhi,

1996.

– Deena Khatkhate(ed)., MoneyandFinance:Issue, Institutions,

20

Policy,sameekshaTrust,OrientLongman,1998.

– KunalSen&RajenderaR.Vidya(ed.),ProcessofFinancialLib- erationinIndia,OxfordUniversityPress,1997.

– MundelSudipto(ed.)PublicxFinance:PolicyIssueofIndia.

– BrownC.V. andJacksonP.M. (1990), PublicSector Economic, BasilBalackwell,Oxford.

– M.GovindiaRaoandTapanSen(1998),FinancialFederalismin

India.

– AtkinsonA.B.andStightz,J.E.(1980),LecturesonPublicFinance, Tata McGraw Hill.

– Aurrbach,A.J.andM.Feldstern(ed.)(1985),HandbookofPubl;ic

Economics, Vol-I,NorthHolland,Amsterdam.

21


Semester-III OPTIONAL PAPER-(i)

MATHEMATICAL ECONOMICS-I

MaximumMarks:100



Unit-I

Cardinal and ordinal utility maximization, Sudsy equation; compen- sated demand function; income;

substitution and price effects; Conceptsofelasticities;Consumerservices.

Unit-II

Separableandadditiveutilityfunctions,homogeneousandhomothetic

utilityfunctions;Indirectutilityfunctions;transcendentallogarithmic utilityfunctions;dualitytheorem.

Unit-III

Theoryofrevealedpreferenceandindexnumbers,Linearexpenditure systems;Treatmentofdemandfor

durablegoods, Empiricaldemand functions,Consumerbehaviourunderriskanduncertainty.

Unit-IV

Productionfunction-homogeneous andnon-homogeneous;Lawsre- turn&returntoscale;PropertiesofCobb-

Douglasproductionfunc- tion;CES'VESandTranslog(TL)production;





SuggestedReading:

– Allen, R.G.D. (1976), MathematicalEconomics, Macmillan, London. – Matical Economics, Volumes I, II and III, North Holland,

Amsterdam.

– Henderon, J.M. andR.E.Quanete(1980),MicroeconomicTheory.

– Arrow, KJand M. Intrilligator(Eds.) (1982), Handbookof

MathematicalApproach,McGrawHill,NewDelhi.

– Chung, J.W. (1993), UtilityandProduction: Theory and

Applications, BasilBlackwell, London.

– Ferguson, C.E. (1976), Neo-classicalTheoryof Productionand

Distribution.

22


Semester-III OPTIONAL PAPER-(ii)

INDUSTRIAL ECONOMICS-I

MaximumMarks:100



Unit-I

Frame work and problems of Industrial Economics, Concepts and organizationof a firm-ownership,

controlandobjectiveofthefirm; Passiveandactivebehaviourof thefirm, Market Structure; Sellers

concentration;Productdifferentiation;EntryConditions;Economicof scale; Martketstructure and

profitability; Market structure and innovation.

Unit-II

Theoriesofindustriallocation-WeberandSargentFlorence,Factors affectinglocation; Market Conduct

:Product pricing-Theories and evidence; Investment expenditure methods of evaluating investment

expenditure.

Unit-III

Theories andempiricalon Mergers and acquisitions (M &As) and

diversification.MarketPerformance,Growthofthefirm;constraints on growth; Prodictivity, efficiency and

capacity utilization concepts andmeasurement,Indiansituation.

Unit-IV

Industrialproductivity-measurement,partialandtotaltrends.Pattern of industrialization - Public and

private; large and small industries.

Industrialstructureandeconomicgrowth.EconomicReformsandindustrialgrowth.





SuggestedReading:

– Ahluwalia, 1.1. (1985), IndustrialGrowth in India, Oxford

UniversityPress,NewDelhi.

– Barthwal,R.R.(1985),IndustrialEconomics,WileyEasternLtd.

NewDelhi.

– Cheruniliam, F. (1994) IndustrialEconomics:IndianPerspicuity

(3rdEdition),HimalayaPublishingHouse,Mumbai.

– Desai, B. (1999) Industrial Economyin India (3rd Edition) HimalayaPublishingHouseMumbai.

– Divine, P.J. and R.M. Jones etAl (1976), An Introduction to

IndustrialEconomics,GeorgeAllenandUnwinLtd.,London.

– GovernmentofIndia,EconomicSurvey(Annual)

– Hay,D. andD.J. Morris(1976)IndustrialEconomics:Theoryand

EvidenceUniversityPress,NewDelhi.

– KuchalS.C. (1980) Industrial Economyof India (5th Edition), ChaitanyaPublishingHouseAllabad.

– ReserveBankofIndiaReportoncurrencyandFinance(Annual).

– Singh,A.andA.N.Sadhu(1988),IndustrialEconomics,Himalaya, PublishingHouse,Bombay.

23


Semester-III OPTIONAL PAPER-(iii)

AGRICULTURAL ECONOMICS-I

MaximumMarks:100



Unit-I

Agricultural Economicsand Economic Development : Definition of agriculturalEconomics,

itsscopeandnature,Regionaldisparitiesin India agriculture;DifferencebetweenagricultureandIndustry;Need

foraseperatestudyofAgriculturalEconomics.AgricultureandEco-

nomicDevelopment:RoleofagricultureinEconomicDevelopment, Contribution of Industry to the

development of agriculture; Interde- pendenceofagricultureandindustry.

Unit-II

Approaches toAgricultureDevelopment :Schultz, Mellor, Boserup, LewisandRanis-Fie.

Unit-III

EconomicsofAgriculture Production :The ProductionFunction;Fac- tor-Product Relationship; Factor-

Factor Relationship; Product Prod- uctRelationship. Equilibriumof thecapitalist farm, peasant family

farmandsharetenantfarm.

Unit-IV

AnalysisforFarmManagement: The ProductionFunctionApproach; Farm-budgetingApproach. Measures

ofFarm Efficiency; Supply responseinagriculture;SizeofthefarmandProductivityDebate.




shall be compulsary. SuggestedReading:

– South-

Worth,H.M.andB.F.Johnston(ed.)AgriculturalDevelopentandEconomicGrowth(CornellUniversityPress,Lo

ndon,1974).

– Heady,E.O.EconomicsofAgriculturalproductionandResources Use(PrenticeHallIndiaLtd.NewDelhi-

1964).

– Schult,T.Z.Transforming TaditionalAgriculture(Yale University Press,1964).

– MetacalfD.TheEconomicsof Agriculture.

– Basu, K.AgrarianStructureandEconomic Under Development (HarwoodAcademic,London,1980).

– Sadhu,A.N. andASingh,AgriculturalProlemsinIndia(Himalaya PublishingHouse,Bombay).

– Mellor, J.W. TheEconomics ofAgriculturaldevelopment (Vora andCo.Bombay,1966).

– Donner,Peter:LandReformsandEconomicDevelopment.

– Kahlon,A.S. andTyagi, D.S.AgriculturalPricePolicy inIndia (AlliedPub.NewDelhi,1983).

– Patnaik,Utsa(ed)AgarianRewlationsandAccumulation.Themode ofproductioninIndia.

– Kaur,RajbansAgriculturalPricePolicyinEconomicDevelopment.

– TheIndianSocietyofAgricultralEconomics,AgriculturalDevel-

opmentinDevelopingCountriesinAsiaandSouthEastAsiasince WorldWarII.

24

– Ellis, FrankPeasant Economics (Cambridge University Press,1963).

– BhallaG.S.andY.K.AlaghPerformanceofIndianAgriculturea district-wiseStudy.

– Rao, C.H.H.TechnologicalchangeandDistributionof gains in IndianAgriculture.

– Lehman,Davir(ed)AgrarianReformandAgrarianreformismin India.

– Ghatak,S.andKenIngersentAgricultureandEconomic Develop- ment. – Bilgrami, SARAn Introduction to Agricultural Economics (HimalayaPub.House,Bombay).

– RudraAshokIndianAgriculturalEconomics:MythandRealties (AlliedPub.NewDelhi1982).

– Soni, RN.LeadingIssuesinAgriculturalEconomics(SohanLal Nagin Chand Co.Jalandhar,2006.)

– Khusro,AM.ReadinginagriculturalDevelopment.

– VandanaShivaTheViolenceofGreenDevelopment.

– Frankel,Francis,RIndia'sGrenRevolution,EconomicGainand PoliticalCosts(OUPBombay1971).

– Dantwala,M.L. (ed.)IndianAgricultural DevelopmentsinceInde- pendence.

– Hayami,YandRattan, V.M.AgriculturalDevelopment:AnInter- nationalPersopective.

– ICSSRAlternativeinAgticulturalDevelopment.

– Ellis,F.AgriculturalPoliciesinDevelopingCountries.

– LekhiR.K. &SinghJoginder,Agricultural Economics, KalyaniPublishers,NewDelhi.

– SankhayanP.L.,IntroductiontotheEconomicsofAgriculturalPro-

duction,PrenticeHallofIndiaPrivateLimited,NewDelhi.

– JohlS.S. &KapurT.R.,FundamentalsofFarmBusinessManage- ment,KalyaniPublishers,Ludhiana.

– ReddyS.Subha,RaghuRamP.SastryT.V.Neelakanta&Devi1

Bhavani,AgriculturalEconomics,Oxford&IBHPublishingCo. Pvt.Ltd.,New Delhi

– Acharya S.S. &AggarwalN.L.,AgriculturalPrices–analysisand

policy,Oxford&IBHPublishingCo.Pvt.Ltd.NewDelhi.

25


Semester-III OPTIONAL PAPER-(iv)

FINANCIAL INSTITUTIONS AND MARKETS-I

MaximumMarks:100



Unit-I

Nature and Role of Financial System and Structure of Interest Rates-

Moneyandfinance,Moneyandnear-money,Financialinterme- diationand financial intermediaries, The

structure of the financial development.

Unit-II

EquilibriuminFinancialMarkets -FinancialSystemandEconomic Development, Criteria toevaluateassets

:Riskandfinancialassets, typesofrisk,returnonassets,Risk-Returntradeoff-Valulationof securities.

Unit-III

Theoriesofinterestratedetermination -Levelofinterestrates-Long

periodandShortperiodrates,TermStructureofInterestrates-Theo- riesof interest rates structure,

Expectationaltheory, Segmentation theory;Administeredinterestrates-Appropriateinterestratepolicy.

Unit-IV

Banks,MonetaryPolicyandNon-BankFinancialIntermediaries;Func- tionsof Central Bank-Theaims and

objectivesofthemonetary policy

indevelopedanddevelopingcountries.





SuggestedReading:

– Bhole, L.M. (1999), FinancialInstitutions and Markets, Tata McGrawHillCompanyLtd.,NewDelhi

– Bhole, L.M.(2000),IndianFinancialSystem,ChughPublications, Allahabad.

– Edminster,R.O.(1986),FinancialInstitutions,MarketandMan- agement,McGrawHill,NewYork.

– Goldsmith, R.W., (1969), FinancialStructureandDevelopment, YaleLondon.

– Hanson, J.A. andS. Kathuria(Eds.) (1999), India:AFinancial SectorfortheTwenty-firstCentury,

OxfordUniversityPress, New Delhi.

– Karker,P.T.and S.A.Zenios(2000) (Ed.),Performance ofFinan-

cialInstitutions,CambridgeUniversityPress,Cambridge.

– Johnson,H.J. (1993),FinancialInstitutionsandMarkets,McGraw Hill,NewYork.

– KhanM.Y.(1996)- IndianFinancialSystems,Tata McGrawHill, NewDelhi.

26

– Machiraju,M.R.(1999),IndianFinancialSystem,VikashPublish- ingHouse,NewDelhi.

– Ohlson, J.A.(1987),TheTheoryofFinancialMarketsandInstitu- tions,NorthHolland,Amsterdam.

– Prasad, K.N. (2001), DevelopmentofIndia's FinancialSystem, Sarup&Sons,New Delhi.

– Robinson, R.I. and D. Wrightman(1981), Financial Markets, McGrawHill,London.

– Smith, P.F. (1978), Moneyand Financial Intermeduation: The Theoryand

– Structureof FinancialSystem, prenticeHall, Englewood-Cliffs, NewJersey.

27


Semester-III OPTIONAL PAPER-(v)

ECONOMETRICS-I

MaximumMarks:100



Unit-I

Natureandmeaningofeconometries,Differencebetweenmathemati- caleconomics, statistics and

econometrics; Goals of econometrics; classicallinearregressionmodel(Twovariable)Sourcesofdisturbance

terms,assumptionandtheirsignificance,leastsquareestimatorsand theirproperties;Guassmarkov'stheorem.

Unit-II

Generallinearregressionmodel;Definition,assumptions,least-squares estimation,Gauss markov'stheorem;

testing significance ofregression coefficients,conceptsofR2andadjustedR2.

Unit-III

Problemof multicollinearity, autocorrelation and hetroscedasticity:

Nature,consequences,testandremedies(proofsnotrequired)

Unit-IV

SimpleApplicationsofLeastSquare:Estimationofconsumptionfunc- tion,Cobb-

DouglasandCESproductionfunctions,Estimationofsemi-

loganddoublelogfunction;simpleandcompoundratesofgrowth.





SuggestedReading:

– GujaratiD.N.(1995),BasicEconometrics(2ndEdition),McGraw Hill,NewDelhi. – Koutsoyiannis, A.(1997),TheoryofEconometrics(2ndEdition), TheMacmillanPressLtd.,London.

– Johnston, J. (1991), EconometricMethods, McGrawHillBook Company, London.

– Maddala,G.S.(1993),EconometricsMethodsandApplictions,(2 Vol.)AlderShot,U.K.

– Krishna K.L.(1997), EconometricsApplicationinindia, Oxford UniversityPress,NewDelhi.

– Kmenta,J.(1997),ElementsofEconometrics,UniversityofMichi- ganPress,NewYork.

– Intrilligator,M.D.(1978),EconometricsTechniquesandApplica- tions,PrenticeHall,NewJersey.

– Pindyck, R.S. andD.L. Rubinfield(1976), EconometricModels

andEconomicForecasts,McGrawHill,Tokyo.

– Frances, P.H. (1998), TimeSeriesModels/or Business andEco-

nomicForecasting,CambridgeUniversityPress,Cambridge.

– Harvey,A.C. (1981),EconometricAnalysisofTimeSeries,Phillip Allen, London.

– Madnani,G.M.K.(1999),IntroductionofEconometrics.

– Intrilligator,M.J.andHasioBadkin(1996),Econometric Models,

TechniquesandApplications,PrenticeHall.

28


Semester-III OPTIONAL PAPER-(vi)

OPERATIONS RESEARCH-I

MaximumMarks:100



Unit-I

Introduction andHistory of OR, different features of operations re-

searchapproach.Somedefinitions,ScientificmethodsinOR,Models

andModellinginOR.GeneralmethodsforsolvingORModels,meth-

odologyofOR,Basicoperationresearchmodels, computersoftware

foroperationsreaserch.Linearprogramming,structureofLPModel, General Mathematical Model of Linear

programming problem, LP modelformulationof production, marketingfinance,agricultureand

transportation.

Unit-II

GraphicalsolutionmethodsofLPproblems,includingIsoprofit(cost)functionlineapproach.Somespecialcases:Sim

plexmethod,dualityinLPprogrammingprolemanditseconomicinterpretation,difference

betweenprimalanddual,dualsimplexmethod.

Unit-III

Goalprogramming,differencebetweenLPandGPapproach,conceptofgoalprogramming,GPmodelformulation,Gr

aphicalsolutionmethodof GP. Modifiedsimplex methodof goal programming.Alternative

simplexmethodforgoalprogramming.

Unit-IV

Transportation problem, mathematical model of transportation problem, the transportation method,

Methods for finding initial solutionsTestsforoptimality. Note:Thequestionpapershallhavefiveunits.Eachofthefirstfour units will contain two questions and the students shall be asked to attemptonequestionfromeachunit. Unitfiveshallcontaineightto ten short answer type questsionswithout any internal choiceand itshall be covering the entire syllabus. As such, unit five shall be compulsary.

SuggestedReading:

– Taha,Hamdy, A,"OperationsResearch",seventhPearsoneduca- tion.

– Sharma, L.K. "Operations Research" Theory and application, secondedition.

– Kambo,N.S."Mathematicalprogrammingtechniques".

– Kaufmann-A, Methodsand modlesof operations Research. Pretice-

HallInternationalSeriesinmanagement.

– SasieniM.YaspanA.,FriedmonL. OperationsResearch methods. WileyInternationalEdition.

29


Semester-III OPTIONAL PAPER-(vii)

MANAGERIAL ECONOMICS-I

MaximumMarks:100



Unit-I

MeaningandnatureofManagerialEconomics;Howdoeseconomics

contributetoManagerialfunctions,BusinessdecisionsandEconomic analysis,

thescopeofManagerialEconomics :ApplicationofMicro Economicsto operationalissues, Applicationsof

Macro Economicsto Businessenvironment, Thegapbetweentheoryandpracticeandthe

RoleofManagerialEconomics.

Unit-II

AnalysisofMarketDemand:MeaningofMarketDemand,Typesof Demand, DeterminantsofMarketDemand,

DemandElasticities, im- portanceoftheelasticityconcept,Priceelasticityofdemand,measur- ingprice elasticity

froma Demand function, Determinants of price

elasticityofDemand,Priceelasticityandtotalrevenue,Priceelasticity and marginal revenue, cross-elasticity of

demand, Income-Elasticity ofDemand,ElasticityofPriceExpectations,Promotionalelasticityof sales.

Unit – III

Demandforecasting:whydemandforecasting,Techniquesofdemand forecasting, surveymethods

:completeemuneration, samplesurvey andend-usemethods, opinionpollmethods:Expert-opinionmethod,

Delphi method and market studies andexperiments, statistical methods : Trend projections methods

based on time series data, EconometricMethods.

Unit-iv CostandBreak-evenAnalysis-SomeAccountingandAnalyticalcost concepts;Economiesanddiseconomiesofscale,Break-evenAnalysis :linearandnon-linearcostandRevenuefunctions;ContributionAalysis, ProfitVolume Ratio,MarginofSafety.





SuggestedReading:

– HaynesandBenry,ManagerialEconomics

– Baumol,EconomicTheoryandOperationsAnalysis

– Koutsoyiannis, ModernMicroEconomics

– J.Dean,ManagerialEconomics

– Mote,PaulandGpta,ManagerialEconomics

– Biarman&Smith,TheCapitalBudgetingDecisions.

– VarsghneyandMaheswari,ManagerialEconomics

30


Semester-IV

ECO 401 INDIAN ECONOMY-II

MaximumMarks:100



Unit-I

Agriculture:Roleandfeaturesof Indianagriculture;Technological

changeinagriculture;Trendsinagriculturalproductionsandproduc- tivity;WTOandIndianagriculture.

PovertyinIndia–Absoluteand relativeanalysisofpoverty.

Unit-II

Industry:Grwothandpatternofindustrialization;Newindustrialpolicy and liberalisation– impact on Indian

economy; PublicSector enterprises – trends and performance; Small andcottageindustries;

issuesofprivatization. UnemploymentandMigrationinIndia.

Unit-III

Externalsector:Structureanddirectionofforeigntrade;Balanceof payments;Issuesinexport-

importpolicyandFEMA;Exchangerate policy;ForeigncapitalandMNCsinIndia.

Unit-IV

Environmentas necessity-amenityandpublicgoods; causesof envi- ronmentalandecosystemdegeneration-

policies for controllingpollu- tion-economic and persuasive; their relative effectiveness in LDCs; Relation

betweenpopulation, povertyandenvironment degradation- micro-

planningforenvironmentandecopreservation-watersheds,joint orestmanagementandself-helpgroups.

Note:Thequestionpapershallhavefiveunits.Eachofthefirstfour units will contain two questions and the students shall be asked to attemptonequestionfromeachunit. Unitfiveshallcontaineightto ten short answer type questsionswithout any internal choiceand it shall be covering the entire syllabus. As such, unit five shall be compulsary.

SuggestedReading:

– Sen,R.K.and.Chatterjee(2001),IndianEconomy:Agendafor

21stCentury.

– Dhar, P.K., Indian Economy- Its growing dimensions, Kalyani

Publishers,NewDelhi(LatestEdition)

– Mishra, S.K. andV.K. PuriIndianEconomy- 1stDevelopment

Experience,HimalayaPublishingHouse,Mumbai,LatestEdition.

– EconomicSurveys,GovernmentofIndia,variousissues.

– ReserveBankofIndia,ReportonCurrencyandFinance(Annual).

31


Semester-IV

ECO 402 INTERNATIONAL TRADE AND FINANCE-II

MaximumMarks:100



Unit-I

Foreigntrademultiplier withand without foreignrepercussions and determination of national income and

output; Relative mertisand demeritsoffixedandflexibleexchangerateinthecontextofgrowth and

development in developing countries. Forms ofeconomic cooperation;

StaticandDynamiceffectsofcustomunionandfreetrade areas.

Unit-II

International Monetary SystemandTrade Policiesin India: Multilateralism

andWTO;riseandfalloffgoldstandardandBretton- wood system; Need, adequacy and determinants of

international reserves; Conditionality clause of IMF; Emerging International

Monetary Systemwith special referenceto PostMaastrishit

developmentsanddevelopingcountries;ReformsoftheInternational

MonetarySystem,Theoryofregionalismatgloballevel–collapseof

Brettonwoodsystem.OptimumcurrencyAreas–Theoryandimpact

inthedevelopedanddevelopingcountries.

Unit-III

Indiananddevelopingcountries;Functions ofGATT/WTO(TRIPS,

TRIMS);Recentchangesinthedirectionandcompositionof tradeand

theirimplication;Rationaleandimpactoftradereformssince1991on balanceofpayments,employmentandgrowth.

Unit-IV

Problems ofIndia's International debt; Working and regulations of

MNCsinIndia,Instrumentofexportpromition andrecentimportand exportpoliciesandagendaforfuture. Note:Thequestionpapershallhavefiveunits.Eachofthefirstfour

units will contain two questions and the students shall be asked to attemptonequestionfromeachunit.

Unitfiveshallcontaineightto ten short answer type questsionswithout any internal choiceand it shall be

covering the entire syllabus. As such, unit five shall be compulsary.

SuggestedReading:

– Bhagwati,J.(Ed.)(1981),InternationalTrade,SelectedReadings,

CambridgeUniversitypress,Massachusetts.

– Carbouth, M. (1999), InternationalEconomics, International ThompsonPublishing,NewYork.

– Chacholiades, M.(1990)International Trade; Theoryand Policy, McGrawHill,Kogakusha,Japan.

– Dana, M.S. (2000), InternationalEconomics : Study Guide and

WorkBook(5thEdition),RutledgePublishers,London.

– Dunn, R.M. and J.H. Mutt (2000), International Economics, RutledgePublishers, London.

– Kenen, P.B. (1994), TheInternational Economy, Cambridge UniversityPress,London.

– Kindleberger,C.P.(1973),InternationalEconomics,R.D.Irwin, Homewood.

– King, P.G. (1995), InternationalEconomics and International

EconomicPolicy:Areader,McGrawHillInternational,Singapore.

32

– Krufman,P.R. andM.Obstfeld(1994),InternationalEconomics: TheoryandPolicy,Glenview,Foresman.

– Salvatore,D.(1997),InternationalEconomics,PrenticeHall,Upper SaddleRiver,N.J.NewYork.

– Soderston,BO(1991),InternationalEconomics,TheMacmillan PressLtd.London.

33


Semester-IV

ECO 403PUBLIC ECONOMICS-II

MaximumMarks:100



Unit-I

FiscalFederalism:Principlesofmulti-unitfinance;principlesofgrant design; India's fiscalfederalism, vertical

andhorizontal imbalances, assignment of functions andsources of revenue; constitutional

provisions;FinanceCommissionsandPlanningCommission.

Unit-II

Centre-Statefinancialrelationsinindia,problemsofState'sresources

andindebtedness;transferofresourcesfromUniontoStatesand,States

toLocalBodies.PublicFinance–Trendsinrevenueandexpenditures oftheCentralandStateGovernments.

Unit-III

FiscalPolicy : Instrumentsandtransmission mechanisms;fiscalpolicy for stabilization-automatic vs.

disctretionarystabilization; various concepts of budgetary deficits; fiscal deficit in India : extend, trend

andimplication.

Unit-IV

Public debts; India's public debt since 1951-growth, composition,

ownershippatternanddebtmanagement.FiscalreformsinIndia.


students shall be asked to attemptonequestionfromeachunit. Unitfiveshallcontaineightto ten short answer type

questsionswithout any internal choiceand it shall be covering the entire syllabus. As such, unit five shall be

compulsary.

SuggestedReading:

– MasgraveR.A.andMasgraveP.B.,PublicEconomicsinTheory andPractice,McGrawHill.

– Stiglitz,J.E.,EconomicsofPublicSector,J.W.Norton&Company.

– Singh,S.K.,PublicFinanceinTheoryandPractice,S.Chand&Co.

– Government ofIndia,Ministry ofFinance:EconomicsSurvey(of variousyears).

– Raja J. Challiah,Towards SustainableGrowth, Essays inFiscal andFinancialSector

ReformsinIndia,OxfordUniversityPress, Delhi,1996.

– Deena Khatkhate(ed.) Money and Finance, Issue, Institutions,

Policy,SameekshaTrust,OrientLongman,1998.

– KunalSen&RajendraR. Vidya(ed.) Process of Financial

LiberalizationinIndia,OxfordUniversityPress,1997.

– MundalSudipto(ed.)PublicFinance:PolicyIssueofIndia.

– BrownC.V.andJacksonP.M.(1990),PublicSectorEconomics, BasilBalackwell,Oxford.

– M.GovindiaRaoandTapanSen(1998),FinancialFederalismin India.

– AtkinsonA.B.andStightz,J.E.(1980),LecturesonpublicFinance, TataMcgrawHill.

34

– Auerbach, A.J. andM. Feldstern(ed.)(1985),Handbookof Public Economics, Vol-

I,NorthHolland,Amsterdam.

– RaghabendraJha(1999), Modern Public Economics, Rotledge, London.

– SrivastavaD.K.(ed.)(2000),FiscalFederalisminIndia,Har-AnandPublicationLtd.NewDelhi.

– Bhargava P.K. (1991), India'sFiscal Critis,Ashish Publishing House,NewDelhi.

– Govt.ofIndia,MinistryofFinance(1988),SarkariaCommissionReportonCentre-StateFinanceRelations.

35


Semester-IV

OPTIONAL PAPER-(i)

MATHEMATICAL ECONOMICS-II

MaximumMarks:100



Unit-I

Constrainedoptimizationofaproducer,Generalizationofnvariable

case;inputdemandfunction;Addinguptheorem;Technicalprogress throughproductionfunction;Analysisof

jointprofitmaximizationand multiproduct firm; Production possibility curve; Empirical uses of

productionfunctionanalysis.

Unit-II

Ideaofselfdualfunctionalform;derivationofshortrun-longruncost function;Cobb-Douglas(CD)

andTranslog(TL)costfunctions.

Unit-III

Pricedeterminationinperfect competition, monopoly, monopolistic competition, duopoly, oligopoly;

Pricing of factors of production; Bilateral monopoly; Single market equilibrium - Marshallian and

Walrasianequilibriumconditions;Laggedmarketequilibrium:Multi- marketequilibriumsystemofWalras;

Unit-IV

ClassicalandKeynes' macrosystem; Static anddynamic multiplier; Determinants ofinvestment;

Accelerator; trade cycle model of Samuelson and Hicks; harrod problem; Neoclassical model of

growth; Solow and Meade growth models withtechnicalprogress; Optimalgrowth; andgoldenruleof

accumulation. Note:Thequestionpapershallhavefiveunits.Eachofthefirstfour units will contain two questions and the students shall be asked to attemptonequestionfromeachunit. Unitfiveshallcontaineightto ten short answer type questsionswithout any internal choiceand it shall be covering the entire syllabus. As such, unit five shall be

compulsary.

SuggestedReading:

– Allen, R.G.D. (1976), MathematicalEconomics, Macmillan, London.

– Arrow, K.J. and M. Intrilligator(Eds.) (1982), Handbook of MathematicalEconomics,Volumes I, II

andIII, NorthHolland, Amsterdam.

– Henderson,J.M. andR.E. Quandt(1980),MicroeconomicTheory:

AMathematicalApproach,McGrawHill,NewDelhi.

– Chung, J.W. (1993), Utility andProduction : Theory andApplicationsBasilBlackwell, London.

– Ferguson, C.E. (1976), Neo-ClassicalTheoryof Productionand Distribution.

36


Semester-IV

OPTIONAL PAPER-(ii)

INDUSTRIAL ECONOMICS-II

MaximumMarks:100



Unit-I

MNC and transfer of technology; Liberalization and privatization;

RegionalIndustrialgrowthinIndia;Industrialeconomicconcentration and remedialmeasures; Issuesin

industrialproliferation andenvironment preservation;Pollutioncontrolpolicies.

Unit-II

Industrialfinance;Owned, externalandother components of funds;

Role,nature,volumeandtypesofinstitutionalfinance-IDBI,IFCI, SFCs,SIDC,

commercialbanksetc.financialstatement-BalanceSheet, Profit and LossAccount; assessment of financial

soundness, ratio analysis.

Unit-III

Cost-benefit analysis-Net PresentValue(NPV)andinternalrateof return(IRR)criteria-

balancingprivateandsocialreturns; industrial

labour:Structureofindustriallabour,EmploymentdimensionsofIndian industry;industriallegislation.

Unit-IV

IndustrialLabour-Problems,policiesand reformsinIndia

CurrentProblemsofSelectedIndustries:IronandSteel;CottonTextiles

:Jute:Sugar:Coal,Cementandengineeringgoods;Developmentof small-scaleandcottageindustriesinIndia.





SuggestedReading:

– Ahluwalia, I.J. (1985), IndustrialGrowthin India, Oxford UniversityPress,NewDelhi.

– Barthwal,R.R.(1985),IndustrialEconomics,WileyEasternLtd. NewDelhi.

–

Cheruniliam,F.(1994)IndustrialEconomics:Indianpercpectity(3rdEdition),HimalayaPublishingHouse,

Mumbai.

– DesaiB.(1999)IndustrialEconomyinIndia(3rdEdition)Himalaya PblishingHouse,Mumbai.

– Divine, P.J., and R.M. Jones etAl (1976), An Introduction to

IndustrialEconomics,GeorgeAllenandUnwinLtd.,London.

– GovernmentofIndia,EconomicSurvey(Annual).

– Hay,DandD.J.Morris(1976)IndustrialEconomics:Theoryand EvidenceUniversityPress,NewDelhi.

– KuchalS.C. (1980) Industrial Economyof India (5th Edition), ChaitanyaPublishingHouseAllabad.

– ReserveBankofIndiaReportoncurrencyandFinance(Annual)

– Singh,A.andA.N.Sadhu(1988),IndustrialEconomics,Himalaya, PublishingHouse,Bombay.

37


Semester-IV

OPTIONAL PAPER-(iii)

AGRICULTURAL ECONOMICS-II

MaximumMarks:100



Unit-I

Land Reformsin India :Agricultural Development and TenurialConditions;LandReforms-

TheTheoreticalIssues(Meaning,Important changescausedbyLandReformsandObjectivesofLandReforms);

reforms;CeilingonLandHoldings;ImplementationofLandReforms

inIndia.StrategyforDevelopmentofIndianAgriculture:TheGreen Revolution; Factors responsible for Green

Revolution; Economics BenefitsofGreenRevolution;Measuresformaking GreenRevolution all

pervasive;Regionaldisparitiescreated by GreenRevolution;Inter-

farmdisparityinIncome;GreenRevolutionandEmployment.Trends

inMigrationandLabourmarkets;MinimumWagesAct.

Unit-II

TermsofTradebetweenAgricultureandIndustry:Meaning;Impact

ofchangeintermsoftradeinfavourofandagainstagriculture;changes

intermsoftradebetweenagricultureandindustryduringthecourseof

economicdevelopment;Termsoftradebetweenagricultureandindustry

in Indiasince independence.Agricultural Marketing: Need for an efficient systemofagriculturalmarketing;

Efficiencyofagricultural Marketing systemin India; Measures to improve the efficiency of agricultural

marketing in India. Cooperative movement in India- organization structure and developmentof

differenttypesof cooperativesinIndia.

Unit-III AgriculturalCredit:Importanceofagriculturalcredit;Sources(formal andinformal),problemsandGovernmentpoliciessinceIndependence. Capitalformationintheruralsecor-savings,assetsandcredits.Issues inAgriculturepricepolicy. ojectivesofAgriculturalPricePolicy; Main elementsofAgriculturalPricePolicy;AgriculturalPricePolicyinindia;

Itsevolution; objectivesofpricepolicyinIndia;Importantconstituents ofAgriculture Price Policy in India;

Critical Evalutionof India's AgriculturePricePolicy;Needfor revisionofAgriculturalPricePolicy

inIndia.

Unit-IV

TheNewEconomicPolicyandIndianAgriculture:MacroEconomic Stabilization measures;

structuralAdjustments in theAgricultural Sector. WorldTradeOrganization andIndianAgriculture;

Modelof Production Debate : PrivateV/s Public investment inAgriculture;

TrendsinpublicandprivateinvestmentinIndianAgriculture.





SuggestedReading:

AssuggestedinSemester3rd.

38


Semester-IV

OPTIONAL PAPER-(iv)

FINANCIAL INSTITUTIONS AND MARKETS-II

MaximumMarks:100



Unit-I

Prolificationof bankingand non-bank financial intermediaries- Effectiveness of monetary Policy -

Credit creation and its control; Profitabilityandefficiencyofbanks.

CommercialbanksandCo-operativebanks.

Unit-II

Development banks- Role and functions; Investment and merchant

banking;FinancialsectorreformsinIndia-Definitionandtypesofnon-

bankfinancialinstitutions:TheirgrowthandimpactonIndia's economic

development,Measurestakentocontroltheiroperations.

Unit-III

Roleofmoneymarketandcapitalmarket:Callmoneymarket,Treasury

billmarket,Commercialbillmarketincludingcommercialpaperand certificateofdeposits,Discountmarket-

Governmentsecuritiesmarket- Marketfor derivation:futureandoptions,andotherderivatives:types, uses and

pricing of derivation- Primary and secondary market of securities.

Unit-IV

SEBI:itsimpactontheworkingofcapitalmarketinIndia;IRDAand itsroleinfinancialmarkets-

Theoryofoptimumcurrencyareas-Euro- dollar and Euro-Currency markets-Their development role at

internationallevel. Note:Thequestionpapershallhavefiveunits.Eachofthefirstfour units will contain two questions and the students shall be asked to attemptonequestionfromeachunit. Unitfiveshallcontaineightto ten short answer type questsionswithout any internal choiceand it shall be covering the entire syllabus. As such, unit five shall be compulsary.

SuggestedReading:

– Bhole, L.M. (1999), FinancialInstitutions and Markets, Tata McGrawHillCompanyLtd.,NewDelhi.

– Bhole, L.M.(2000),IndianFinancialSystem,ChughPublications, Allahabad.

– Edminister, R.O.(1986), Financial Institutions, Marketand Management,McGrawHill,NewYork.

– Goldsmith,R.W.(1969),FinancialStructureandDevelopment,Yale London.

– Hanson, J.A. andS. Kathuria(Eds.)(1999), India :AFinancial SectorfortheTwenty-firstCentury,

OxfordUniversityPress, New Delhi.

– Karker,P.T.andS.A.Zenios(2000)(Ed.),PerformanceofFinancial

Institutions,CambridgeUniversityPress,Cambridge.

– Johnson,H.J.,(1993),FinancialInstitutionsandMarkets,McGraw HillNewYork.

– KhanM.Y. (1996),- IndianFinancialSystems, Tata McGrawHill, NewDelhi.

– Machiraju, M.R. (1999), IndianFinancial System, VikashPublishingHouse,NewDelhi.

– Ohlson, J.A. (1987), TheTheory of Financial Markets and Institutions,NorthHolland,Amsterdam.

– Prasad,–K.N.(2001),DevelopmentofIndia'sFinancialSystem, Sarup&Sons,New Delhi.

39

– Robinson, R.I. and D. Wrightman(1981), Financial Markets, McgrawHill,London.

– Smith,P.F.(1978),MoneyandFinancialIntermdiation:TheTheory and

– Structureof FinancialSystem, PrenticeHall, Englewood-Cliffs, NewJersey.

40


Semester-IV

OPTIONAL PAPER-(v)

ECONOMETRICS-II

MaximumMarks:100



Unit-I

DynamicEconometric Modals:Autoregressiveand distributedlog models-

KoyckModel,AdaptiveexpectationandPartialAdjustment

approachesforrationalizationofKoyckmodels,EstimationofAuto-

regressivemodels,Grangercausalityandexogeneity.

Unit-II

Dummyvariable RegressionModels:TheNatureofDummyvariable,

cautionintheuseofDummyvariables,ANOVAMODELSwithtwo

qualitativevariables,ANCOVMODELS,TheuseofDummyvariables

inseasonalanalysisandInteractionEffects.

Unit-III

Simultaneous equationsmodel:Thesimultaneous equationbiasand

inconsistencyofOLSestimators;Theidentificationproblem;Rulesof identification-

orderandrankconditions(statementonly),Methodsof

estimatingsimultaneousequationsystem:IndirectLeastsquares(ILS),

2SLS(Twostateleastsquares),Leastvariancerationmethod,Sure (seemingly unrelated regression method).

Estimation ofTranslongProductionandTranslogcostfunction.

Unit-IV

Time series Econometrics : Key concepts - stochastic process; stationarity and non

stationarityprocess, purely random process, Randomwalkmodelsco-

integration,Integratedvariables,Deterministic andstochastictrendsandunitroot.

TechniquesofForecasting: ARIMA MODELS, Box - Jenkin Methodology. Note:Thequestionpapershallhavefiveunits.Eachofthefirstfour

units will contain two questions and the students shall be asked to attemptonequestionfromeachunit.

Unitfiveshallcontaineightto ten short answer type questsionswithout any internal choiceand it shall be

covering the entire syllabus. As such, unit five shall be compulsary.

SuggestedReading:

– Gujarati,D.N.(1995),BasicEconometrics(2ndEdition),McGraw Hill,NewDelhi.

– Koutsoyiannis, A.(1997),TheoryofEconometrics(2ndEdition), TheMacmillanPressLtd.,London.

– Johnston, J. (1991), EconometricsMethods, McGrawHillBook Company, London.

– Maddala,G.S.(1993),EconometricsApplications,(2Vol.)Alder Shot,U.K.

– Krishna K.L. (1997), Elementsof EconometricsApplication in India,OxfordUniversityPress,NewDelhi.

– Kmenta, J. (1997), Elementsof Econometrics, University of MichiganPress,NewDelhi.

– Intrilligator, M.D. (1978), EconometricsTechniques and Applications,PrenticeHall,NewJersey.

– Pindyck, R.S. andD.L. Rubinfield(1976), EconometricModels

41

andEconomicForecasts,McGrawHill,Tokyo.

– Frances, P.H. (1998), TimeSeries Models/or Business and

EconomicForecasting,CambridgeUniversityPress,Cambridge.

– Harvey,A.C. (1981),EconometricAnalysisofTimeSeries,Phillip Allen, London.

– Madnani,G.M.K.(1999),IntroductionofEconometrics.

– Intrilligator,M.J.andHasioBadkin(1996),Econometric Models, TechniquesandApplications,PrenticeHall.

42


Semester-IV

OPTIONAL PAPER-(vi)

OPERATIONS RESEARCH-II

MaximumMarks:100



Unit-I

Theoryof games: Introduction, two personzero-sumgames, Pure

strategies,mixedstrategies,Principleofdominance,solutionmethods ofgameswithoutsaddlepoint.

Unit-II

Network models- minimal spanning tree algorithm, shortest route

problem,maximalflowmodel,minimumcostcapacitatedflowproblem, CPMandPERT.

Unit-III

Simulation, steps of simulation process, stochastic simulation and Random numbers, simulation of

inventory problems, simulation of queuingproblems, simulationofinvestmentproblems, simulationof

maintenanceproblems,simulationofpertproblems.

Unit-IV

Sequenching:notation, terminologyandassumption, processingnjobs through two machines, processing n

jobs through 3 machines, processing n jobsthrough m machines,processingtwo jobsthrough m machines.



type questsionswithout any internal choiceand it shall be covering the entire syllabus. As such, unit

five shall be compulsary.

SuggestedReading:

– Taha, Hamdy, A, " Operations Research", seventh Pearsoneducation.

– Sharma,J.K."OperationsResearch"Theoryandapplication,second edition.

– Kambo,N.S."Mathematicalprogrammingtechniques".

– Kaufmann-A,MethodsandmodlesofoperationsResearch.Pretice- HallInternationalSeriesinmanagement.

– SasieniM.YaspanA.,FriedmonL. OperationsResearch methods.

WileyInternationalEdition.

43


Semester-IV

OPTIONAL PAPER-(vii)

MANAGERIAL ECONOMICS-II

MaximumMarks:100



Unit-I

AlternativeTheories of Firm – Baumol'sTheory of Sales Revenue

maximization,Baumol'sModelwithoutAdvertising, Marris'sTheory

ofmaximizationofGrowthRate;MaximizationofManagerialutility function:Williamson's

Model;TheBehaviouralModelof cyertand March,ConventionalVs.Alternativetheoriesoffirm.

Unit-II

PricingStrategiesandPractices-Cost-pluspricing-make-uppricingand

marginalistRule,MultipleProductPricing, Pricinginlife-cycleofa product,Pricing

inRelationofEstablishedproducts,TransferPricing, CompetitiveBiddingofpriceandPeakLoadPricing.

Unit-III

CapitalBudgeting andinvestment undercertainty-pre-requisitionof

CapitalBudgeting,DeteminingtheoptimumlevelofCapital, InvetmentDecisionsunderCertainty–Pay-

backPeriodMethod,NetPresentValue Method,internalrateofreturncriteria,sourceandcostofcapital.

Unit-IV

GovernmentandMarketEconomy:NeedforGovernmentintervention

inamarket economy,imperfectionsandfailures ofmarket mechanism, marketfailurecharacteristics

andtheroleof Government, Tools of

intervention,RethinkingontheroleofGovernmentunderGlobalisationPrivatisation. Note:Thequestionpapershallhavefiveunits.Eachofthefirstfour units will contain two questions and the students shall be asked to attemptonequestionfromeachunit. Unitfiveshallcontaineightto ten short answer type questsionswithout any internal choiceand it shall be covering the entire syllabus. As such, unit five shall be compulsary.

SuggestedReading:

– HaynesandBenry,ManagerialEconomics

– Baumol,EconomicTheoryandOperationsAnalysis

– Koutsoyiannis, ModernMicroEconomics

– J.Dean,ManagerialEconomics

– Mote,PaulandGpta,ManagerialEconomics

– Biarman&Smith,TheCapitalBudgetingDecisions.

– VarsghneyandMaheswari,ManagerialEconomics

schemeofexamination m.a.(economics) 2014-15 · 2018. 12. 26. · (vii) managerial economics-i list...

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