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SRI S.RAMASAMY NAIDU MEMORIAL COLLEGE SATTUR- 626 203 (An Autonomous institution affiliated to the Madurai Kamaraj University, Madurai) (Re-Accredited with Grade ‘A’ by NAAC) ALLIED SUBJECT- ECONOMICS SYLLABUS AND REGULATIONS UNDER CHOICE BASED CREDIT SYSTEM (CBCS) (Those who joined in 2016-2017 and after)

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SRI S.RAMASAMY NAIDU MEMORIAL COLLEGE

SATTUR- 626 203

(An Autonomous institution affiliated to the Madurai Kamaraj University, Madurai)

(Re-Accredited with Grade ‘A’ by NAAC)

ALLIED SUBJECT- ECONOMICS

SYLLABUS AND REGULATIONS

UNDER

CHOICE BASED CREDIT SYSTEM (CBCS)

(Those who joined in 2016-2017 and after)

SRNMC

Scheme of Examination

Regulation - 2016

Allied Subject - ECONOMICS

Syllabus

(Those who are joining in 2016 – 2017 and after)

Syllabus

It is presented on Table 1.

Evaluation

The performance of a student is evaluated in terms of percentage of marks with a provision

for conversion to grade points. Evaluation for each course shall be done by a continuous internal

assessment by the concerned course teacher as well as by an end semester examination which will

be a written type examination of 3 hours duration and will be consolidated at the end of the course.

The ratio of the marks to be allotted to continuous internal assessment and to end semester

examination is 25 : 75 (i.e. Internal 25 marks and External 75 marks ).

The components for continuous internal assessment are:

Two tests and their average ---15 marks

Seminar/Group Discussion --- 5 marks

Assignment

Total

Pattern of Question Paper

--- 5 marks

--- 25 marks

The question paper may have 3 parts.

Duration of the external examination is 3hours.

Part A

Ten questions (Objective type with 4 alternatives) 10 x 1 = 10 marks

(Two questions from each unit – No choice)

Part B

Five questions (either or type)

(One question from each unit)

(Answers not exceeding two pages)

Part C

5 x 7 = 35 marks

Three questions out of five 3 x 10 = 30 marks

(One question from each unit)

(Answers not exceeding four pages) ---------------

Total 75 marks

---------------

SRNMC

Passing Minimum

Regulation - 2016 Syllabus

1. 40% of the aggregate (Internal + External)

2. No separate pass minimum for the Internal.

3. 27 marks out of 75 is the pass minimum for the External.

SRNMC Regulation - 2016

Allied Subject - ECONOMICS

Syllabus

(For both B.Com and B.Com (C.A) Students)

Table – 1- Scheme of Examination

(Those who are joining in 2016 – 2017 and after)

Syllabus

Code

Subjects

Hrs/Week Credits Exam

Hours

Int

Marks

Ext

Marks

Total

Mark

U16ECA11

U16ECA21

U16ECA31

U16ECA41

Managerial

Economics

Economic

Development

of India

Business

Statistics

Business

Mathematics

6

6

6

6

5

5

5

5

3

3

3

3

25

25

25

25

75

75

75

75

100

100

100

100

Code U16HYA31

Allied Subject – ECONOMICS

Syllabus

(For B.A. History Students)

Table – II- Scheme of Examination

(Those who are joining in 2016- 2017 and after)

Subjects Hrs/Week Credits Examhrs Int Marks

General Economics–I 6 5 3 25

Ext

Marks 75

Total

Marks

U16HYA41

General

Economics -II

6

5

3

25

75

100

SRNMC Regulation - 2016

SRI S.RAMASAMY NAIDU MEMORIAL COLLEGE

(An Autonomous Institution Re-accredited with ‘A’ Grade by NAAC)

SATTUR – 626 203.

Department of Economics (For those who are joining in 2016-2017 and after)

SYLLABUS

Syllabus

Programme : B.Com Subject Code :U16ECA11

Semester : I No. of Hours allotted : 6 / Week

Part III : Allied Subject I- Paper I No. of Credits : 5

Title of the Paper: MANAGERIAL ECONOMICS

Objectives

To make the students understand the economic concepts and principles to be applied in

business.

To enrich the students in the field of business and management

To enable the students to develop employment skills to become entrepreneurs

Unit I: Introduction

Definition – Nature and Scope of Managerial Economics – Relationship of Managerial

Economics with other Disciplines – Role and responsibilities of a Managerial Economist – Decision

making – Uses of Managerial Economics.

Unit II: Demand and Supply Analysis

Meaning of demand – Law of Demand - Demand determinants – Types of Demand –

Elasticity of demand – Types of price elasticity of demand – Measurement of Elasticity of demand

-Law of Supply - Factors influencing Supply.

Unit III: Market Morphology Perfect Competition: Features and Price Determination. Monopoly : Meaning, Types, Price and Output Determination Monopolistic Competition: Characteristics and Output Determination Oligopoly Market: Meaning, Features and kinked demand curve.

Unit IV: Pricing Analysis

Pricing Policies – Objectives – Pricing Methods: Full cost, Marginal Cost, Skimming, Penetration,

Differential Pricing, Peak-Load, Off – load, Going Rate Pricing – Important and Uses.

Unit V: Profit Analysis

Profit Planning – Break-Even Analysis - Meaning – Diagram – Illustration - Uses and Limitations –

Profit Forecasting.

SRNMC

Text Book-1

Title of the Book

Regulation - 2016

: Managerial Economics

Syllabus

Name of the Author : R. Cauvery and etal

Publisher

Edition/Year

Text Book-2

Title of the Book

: S.Chand & Company Ltd

: First Revised/ 2010

: Essentials of Managerial Economics

Name of the Author : P.N.Reddy & H.R.Appannaiah

Publisher

Edition/Year

: Himalaya Publishing House

: 1996

Books for Reference:

Title of the Book : Managerial Economics

Name of the Author : S. Sankaran

Publisher

Edition/Year

Title of the Book

: Margham Publications

: Fifth Revised/2006

: Managerial Economics

Name of the Author : Mithani and Shanthi

Publisher : Himalaya Publishing House

Edition/Year : 2006

Title of the Book : Managerial Economics

Name of the Author : G S Gupta

Publisher

: Tata McGraw-Hill

Publishing House

Limited

Edition/Year

: 24thReprint 2005

Prepared by:

Signature :

SRNMC Regulation - 2016

SRI S.RAMASAMY NAIDU MEMORIAL COLLEGE (An Autonomous Institution Re-accredited with ‘A’ Grade by NAAC)

SATTUR – 626 203.

Department of Economics

(For those who are joining in 2016-2017 and after)

SYLLABUS

Syllabus

Programme : B.Com Subject Code :U16ECA21

Semester : II No. of Hours allotted: 6 / Week

Part III : Allied Subject I- Paper II No. of Credits : 5

Title of the Paper: ECONOMIC DEVLOPMENT OF INDIA

Objectives

To make the students understand the Indian Economic Problems and issues.

To enable the students to know about the economic growth and development

of Indian Economy.

To make the students understand the recent developments and policies

in the Indian Economy in relation to the global scenario.

Unit I: Introduction

Characteristics of a Developing Economy with Special Reference to India –

Economic Development and Growth – Meaning and Difference Determinants of

Economic Growth - - Obstacles to Economic Development.

Capital formation in India – Meaning – Importance – Causes for low rate

of Capital formation in India.

Unit II: Agriculture Sector

Role of Agriculture in Economic Development – Place of Agriculture in the

Economy of India – Causes for low Agricultural productivity in Indian Agriculture –

Green Revolution – Objectives –Agricultural Price Policy – Objectives – A note on Food

Security in India.

Unit III: Industrial Sector

Industrial Policy of 1991 – Role of Small Scale and Cottage Industries -

Public Sector Vs Private Sector – Role of MNCs – Impact of MNCs in India-Commercial

Banks and Economic Development.

Unit IV: Population, Poverty and Unemployment

Population: Size and Growth of Indian Population, Causes, Consequences and

Control Poverty: Meaning of Poverty and Inequality - Poverty Line – Causes and Anti -

Poverty Programmes (IRDP, JRY & MGNREP Only)

Unemployment: Meaning, Types, Causes, Remedial Measures.

SRNMC Regulation – 2016 Syllabus

Unit V: Planning in India

Planning in India: History – Economic Objectives – Salient features and achievements of

XI Five Year Plan- XII Five Year Plan Objectives only – NITI Ayog – Objectives and Function.

Text Books:

Text Book-1

Title of the Book : Indian Economy

Name of the Author : S.Sankaran

Publisher

Edition/Year

Text Book-2

Title of the Book

: Margham Publications

: First Reprint/2006

: Economic Development of India

Name of the Author : N.Srinivasan

Publisher : Meenakshi Pathipagam

Edition/Year : 2012

Books for Reference:

Title of the Book

: Indian Economy

Name of the Author : Ruddar Datt and K.P.M. Sundaram

Publisher

Edition/Year

Title of the Book

: S.Chand and Company Ltd

: Fifty Ninth/2009

: Unique Quintessence of Indian Economy

Name of the Author : J.K.Chopra

Publisher : Unique publishers

Edition/Year : 2011

Prepared by:

Signature :

SRNMC Regulation - 2016

SRI S.RAMASAMY NAIDU MEMORIAL COLLEGE (An Autonomous Institution Re-accredited with ‘A’ Grade by NAAC)

SATTUR – 626 203.

Department of Economics

(For those who are joining in 2016-2017 and after)

SYLLABUS

Syllabus

Programme : B.Com Subject Code :U16ECA31

Semester : III No. of Hours allotted : 6 / Week

Part III : Allied Subject II- Paper III No. of Credits : 5

Title of the Paper: BUSINESS STATISTICS

Objectives:

To create a base for higher studies.

To enable the students to forecast the future trends and uncertain events.

To understand the various statistical tools in order to use in research.

To gain knowledge and apply the statistical methods to solve the business problems.

UNIT-I: Introduction

Statistics: Meaning – Functions – Importance – Limitations. Collection of data: Primary –

Secondary – Sampling: Types of sampling - Census – Sampling – Classification and Tabulation -

Presentation – Diagrammatic – Graphic representation.

UNIT-II: Averages and Dispersion

1. Measures of Central Tendency

Arithmetic Mean: Unweighted and weighted Arithmetic Mean – Median – Mode.

2. Measures of Dispersion

Range – Quartile Deviation – Standard Deviation – Absolute and Relative Measures.

UNIT-III: Correlation Analysis

Definition - Types of Correlation – Uses of Correlation- Methods of Studying Correlation

- Scatter Diagram – Graphic Method – Karl Pearson’s Co-efficient of Correlation –

Spearmen’s Rank Correlation Co-efficient.

.

UNIT-IV: Regression Analysis

Definition - Regression Lines – Regression Equations – Difference between

Correlation and Regression - Deviations taken from Actual Mean and Assumed Mean.

SRNMC

UNIT-V: Analysis of Time Series

Regulation - 2016 Syllabus

Meaning - Components – Methods of Determining Trend – Graphic – Semi-Average –

Moving Average – Methods of Least Square.

Text Book:

Title of the Book : Fundamentals of Statistics

Name of the Author : D N Elhance

Publisher

Edition/Year

: Kitab Mahal

: 2003

Books for Reference:

Title of the Book

: Fundamentals of Statistics

Name of the Author : A. Rethinapandy and A. Krishnan

Publisher

Edition/Year

Title of the Book

: Sree Vani Publications

: First/2011

: Statistical Methods

Name of the Author : S.P.Gupta

Publisher

Edition/Year

Title of the Book

: Sultan Chand & Sons

: Thirty Fourth/2005

: Statistics

Name of the Author : R.S.N.Pillai and Bagavathi

Publisher : S.Chand & Company Ltd

Edition/Year : Seventh Revised/2009

Prepared by:

Signature :

SRNMC Regulation - 2016

SRI S.RAMASAMY NAIDU MEMORIAL COLLEGE

(An Autonomous Institution Re-accredited with ‘A’ Grade by NAAC)

SATTUR – 626 203.

Department of Economics

(For those who are joining in 2016-2017 and after)

SYLLABUS

Syllabus

Programme : B.Com Subject Code :U16ECA41

Semester : IV No. of Hours allotted : 6 / Week

Part III : Allied Subject II- Paper IV No. of Credits : 5

Title of the Paper: BUSINESS MATHMETICS

Objectives:

To create a foundation for higher studies.

To enable the students to estimate the future trend of the Economy.

To understand the various mathematical techniques and concept.

To gain knowledge and apply the mathematical techniques to solve business problems.

UNIT-I: Set Theory

Definition – Symbols – Roster Method and Rule Method – Type of Sets – Union

and Intersection - Sub Sets – Complements – Difference of Two Sets – Laws of Set Theory

– Venn Diagrams.

UNIT-II: Indices and Logarithms

1) Indices: Positive – Fractional – Operation with Power Function.

2) Logarithms: Definition – Exponential Forms – Laws of Logarithms – Change of Base –

Common Logarithms and Natural Logarithms – Characteristic and Mantissa - Practical Problems.

UNIT-III: Commercial Arithmetic

Interest: Simple – Compound, Depreciation, Bills: Present Value – Discounting of Bills –

Face Value of Bills, Banker’s Discount: Banker’s Gain – Normal Due Date – Legal Due Date –

Calculation of Period for Banker’s Discount and True Discount.

UNIT-IV: Differential Calculus (excluding trigonometric functions)

Rules – Sum Rule – Product Rule – Quotient Rule, Function of a Function Rule (simple

problems only) – Maxima and Minima (single variable cases).

UNIT-V: Matrices and Determinants

Matrices: Types – Addition – Multiplication – Matrix Inversion, Determinants: Properties,

Solving the System of Linear Equation by using Matrix Inversion Method.

SRNMC

Text Book:

Title of the Book

Regulation - 2016

: Business Mathematics

Syllabus

Name of the Author : D.C.Sancheti & V.K.Kapoor

Publisher

Edition/Year

: Sultan Chand & Sons

: 2010

Books for Reference:

Title of the Book

: Business Mathematics

Name of the Author : A.Rethinapandy and A.Krishnan

Publisher

Edition/Year

Title of the Book

: Sree Vani Publications

: First/2010

: An Introduction to Mathematical Economics

Name of the Author : D.Bose

Publisher

Edition/Year

Title of the Book

: Himalaya Publishing House

: Millennium Edition/2007

: Elementary Mathematics in Economics

Name of the Author : Mehta and Madnani

Publisher

Edition/Year

Prepared by:

Signature :

: Lakshmi Narain Agarwal

: Second/2004

SRNMC Regulation - 2016

SRI S.RAMASAMY NAIDU MEMORIAL COLLEGE (An Autonomous Institution Re-accredited with ‘A’ Grade by NAAC)

SATTUR – 626 203.

Department of Economics

(For those who are joining in 2016-2017 and after)

SYLLABUS

Syllabus

Programme : B.A., History Subject Code :U16HYA31

Semester : III No. of Hours allotted : 6 / Week

Part III : Allied Subject II- Paper I No. of Credits : 5

Title of the Paper: GENERAL ECONOMICS - I

Objectives:

To create a foundation for higher studies.

To understand the various economic theories and concepts.

To enable the students to estimate the future growth and solving business problems.

UNIT 1: Introduction

Definition of Economics: Adam Smith, Alfred Marshall, Lionel Robbins and

Paul.A.Samuelson - Scope of Economics, Sub-Divisions of Economics, Economics as

Science or Art, Comparison with the other Social Sciences , Basic Concepts – Goods, Utility,

Wants and Wealth.

UNIT-II: Consumption

Law of Diminishing Marginal Utility – Law of Demand – Elasticity of Demand –

Methods of Measurement of Elasticity of Demand – Kinds of Elasticity of demand – Types

of Price Elacasticity of Demand.

UNIT-III: Factors of Production

Meaning and Characteristics of Factors of Production: Land, Labour, Capital and

Organization -– Division of Labour - Laws of Returns - Constant returns to scale, Increasing

returns to scale, diminishing returns to scale-- Law of variable Proportions

UNIT-IV: Theories of Population

Population Explosion - Malthusian Theory of Population –Optimum Theory of

Population -Demographic Transition –Population and Economic Development.

UNIT-V: Market Morpology

Price Determination under Different Markets: Perfect Competition- Monopoly-

Price Discrimination- Monopolistic Competition.

SRNMC

Text Book:

Title of the Book

Regulation - 2016

: Economic Analysis

Syllabus

Name of the Author : M.S. Arockiasamy

Publisher

Edition/Year

: Shanthi Book House Tirunelveli

: Second Edition 1978

Books for Reference:

Title of the Book : Taxmann’s General Economics

Name of the Author : P.M.Salwan and C.A.Pranjal B.Deshpande

Publisher

Edition/Year

Title of the Book

: Tan Printa (India) Pvt.Ltd

: 2011

: An Introduction to Micro Economics

Name of the Author : D. Bose and A.Marimuthu

Publisher

Edition/Year

Title of the Book

: Himalaya Publishing House

: First/2008

: Principles of Economics

Name of the Author : S.Sankaran

Publisher

Edition/Year

Prepared by:

Signature :

: Margham Publications

: Fifth Revised/2009

SRNMC Regulation - 2016

SRI S.RAMASAMY NAIDU MEMORIAL COLLEGE

(An Autonomous Institution Re-accredited with ‘A’ Grade by NAAC)

SATTUR – 626 203.

Department of Economics

(For those who are joining in 2016-2017 and after)

SYLLABUS

Syllabus

Programme : B.A., History Subject Code :U16HYA41

Semester : IV No. of Hours allotted : 6 / Week

Part III : Allied Subject II- Paper II No. of Credits : 5

Title of the Paper: GENERAL ECONOMICS – II

Objectives:

To create a foundation for higher studies.

To understand the various economic theories and concepts.

To enable the students to estimate the future growth and solving business problems.

UNIT-I: National Income

Meaning – Concepts - Methods of National Income Estimation: Production Method –

Income Method- Expenditure Method and Value added Method - Problems Encountered when

Measuring National Income - Importance of Measuring National Income .

UNIT II: Theory of Distribution

The Marginal Productivity Theory of Distribution- Ricardian Theory of Rent - Quasi

Rent- Modern Theory of Wages- Liquidity Preference of Theory of Interest - Liquidity Trap.

Uncertainty and Innovation theories of Profit.

UNIT III: Money and Banking

Definition and Functions of Money – Quantity Theory of Money –Commercial Banks

Functions – Role of Commercial Banks in Economic Development – Central Bank Functions.

UNIT IV: International Trade

Meaning and Significance – Advantages and Disadvantages of International Trade –

Theories of International Trade: Absolute Cost – Comparative Cost – Balance of

Payments: Disequilibrium – Measures for Correcting Disequilibrium in the Balance of

Payments, Difference between Free Trade and Protection.

SRNMC

UNIT V: Public Finance

Regulation - 2016 Syllabus

Sources of Public Revenue – Taxation – Direct Tax and Indirect Tax - Public

Expenditure – Meaning – Growth of Public Expenditure – Causes - Public Debt Internal Debt and

External Debt and Methods of Redemption - Meaning of Budget.

Text Books:

Text Book-1:

Title of the Book

: Economic Analysis - Book-II

Name of the Author : M.S. Arockiasamy

Publisher

Edition/Year

Text Book-2

Title of the Book

: Shanthi Book House Tirunelveli

: Second Edition 1978

: Economic Development of India

Name of the Author : N.Srinivasan

Publisher

Edition/Year

: Meenakshi Pathipagam

: 2012

Books for Reference:

Title of the Book : Taxmann’s General Economics

Name of the Author : P.M.Salwan and C.A.Pranjal B.Deshpande

Edition/Year : 2011

Title of the Book : An Introduction to Micro Economics Name of the Author : D. Bose and A.Marimuthu

Publisher : Himalaya Publishing House

Title of the Book : Principles of Economics

Name of the Author : S.Sankaran

Publisher : Margham Publications

Edition/Year : Fifth Revised/2009

Prepared by:

Signature :

CHAIRMAN DEAN