CHAUDHARY CHARAN SINGH UNIVERSITY, MEERUT

MODIFIED SYLLABI

(AS PER THE RECOMMENDATIONS OF BOARD OF STUDIES IN ECONOMICS,

CHAUDHARY CHARAN SINGH UNIVERSITY,MEERUT
HELD ON JUNE 2, 2021)

National Education Policy-2020

Common Minimum Syllabus for all U.P. State Universities/ Colleges
SUBJECT: ECONOMICS

Name Designation Affiliation

Steering Committee
Mrs. Monika S. Garg, (I.A.S.), Additional Chief Secretary Dept. of Higher Education U.P., Lucknow
Chairperson Steering Committee
Prof. Poonam Tandan Professor, Dept. of Physics Lucknow University, U.P.
Prof. Hare Krishna Professor, Dept. of CCS University Meerut, U.P.
Statistics
Dr. Dinesh C. Sharma Associate Professor K.M. Govt. Girls P.G. College Badalpur, G.B.
Nagar, U.P.
Supervisory Committee - Arts and Humanities Stream
Prof. Divya Nath Principal K.M. Govt. Girls P.G. College Badalpur, G.B.
Nagar, U.P.
Prof. Ajay Pratap Singh Dean, Faculty of Arts Ram Manohar Lohiya University, Ayodhya
Dr. Nitu Singh Associate Professor HNB Govt P.G College Prayagaraj
Dr. Kishor Kumar Associate Professor K.M. Govt. Girls P.G. College Badalpur, G.B.
Nagar, U.P.
Dr. Shweta Pandey Assistant Professor Bundelkhand University, Jhansi

Syllabus is developed by:

S. N. Name Designation Department College/University

1. Dr. Vinod Kumar Professor, Department of Dr. Ram Manohar Lohia
Srivastava Convener of the Economics and Rural Avadh University, Ayodhya
Team Development (U P)
2. Dr. Dinesh Kumar Professor, Department of CCS University Meerut (U P)
Member Economics
3. Dr. Rashi Krishna Associate Dr. Shakuntala Misra
Department of
Sinha Professor, National Rehabilitation
Economics
Secretary University, Lucknow (U P)
 B.A. in Economics
The Course is designed for the students pursuing graduation with Economics in regular mode.
The programme aims to inculcate economic thinking among the students in economic decision making
by comprehending economic theory. It aims to develop analytical view point in the students about the
economic behaviour of people. The objective is to nurture among student a view point of a socially
responsible and ethical aware citizen. The under graduate programme will have 10 courses in 6
Semesters in 3 years. In the Fifth and the Sixth Semester 01 paper is given as optional. In the Fifth
Semester it is proposed to have Dissertation/Project keeping in the spirit of the New Education Policy
2020 to introduce research at the graduation level. The structure of syllabus is based on the template of
UGC proposed for the CBCS for undergraduates in Economic (Regular).

Programme Specific Outcomes(PSOs)- Student after completing graduation will be able to learn-

PSO 1: The behavioural patterns of different economic agents, advance theoretical issues and their
applications.
PSO 2: Understand the basic concept of microeconomics.
PSO 3: Understanding basic concepts of Macroeconomics.
PSO 4: Acquaint with some basic statistical methods to be applied in economics.
PSO 5: Acquaint with some basic mathematical methods to be applied in economics.
PSO 6: Acquaint with some basic theoretical concept of public finance.
PSO 7: Acquaint with the measurement of development with the help of theories along with the
conceptual issues of poverty and inequalities with Indian perspectives.
PSO 8: Delineate the fiscal policies designed for developed and developing economics.
PSO 9: Facilitate the historical developments in the economic thoughts propounded by different
schools. To familiarise students with the contribution of Indian Economic Thinkers andthe relevance of
their contribution.
PSO 10: Learn the basic concept of monetary analysis and financial marketing in Indian financial
markets.
PSO 11: Learn the development issues of Indian economy.
PSO 12: Acquaint with some basic concept of environmental economics along with the solution of
the environmental problems.
PSO 13: Learn the real and monetary sides of International economics.
PSO 14: Familiarise and acquaint with the characteristics of the economy of Uttar Pradesh.
PSO 15: To familiarize the students about issues of ethics in economic thinking and practice.

Page 2 of 24
 List of all Papers in all Six semesters.

Semester-wise Titles of the Papers in BA(Economics)

Year Sem. Course Code Paper Title Theory/Practica Credits

l
1 I A080101T Principle of Micro Economics Theory 6
1 II A080201T Principles of Macro Economics Theory 6
2 III A080301T History of Economic Thought Theory 6
2 IV A080401T Money, Banking and Public Finance Theory 6
3 V A080501T Economic Growth and Development Theory 5
Optional Paper(Any 1)
A080502T/ Environmental Economics
3 V Theory 5
A080503T Or
International Economics
3 V A080504R Elementary Statistics based Project Practical 3
3 VI A080601T Indian Economy & Economy of Uttar Pradesh Theory 5
Optional Paper(Any 1)
A080602T/ Agriculture Economics
3 VI Theory 5
A080603T Or
Elementary Mathematics
Dissertation/Project
3 VI A080604R On the Local Issues with Economic Focus plus Project 3
Presentation on Ppt of the Dissertation

BA 1st Year, Sem. I ,

Course I
(Theory)

Programme/Class:
Year: First Semester: First
Degree/ BA
Subject: Economics
Course Code: A080101T Course Title: Principle of Micro Economics
Course Outcome:
● The students are familiarized with basic concepts of microeconomics such as laws of demand and supply and
elasticity etc so that he/she can comprehend them & familiarize with day today happenings.
● The students learn and understand the concepts of consumer behaviour like cardinal utility and ordinal
utility analysis.
● The students learn and understand application of Indifference curve analysis in deriving demand curves, price
effect, income effect and substitution effect.
● The students learn and understand the Theory of production- iso-quants, laws of returns to scale, law of
variable proportion.
● The students learn, understand and compare between the Traditional and modern theory of cost.
● Demonstrate an understanding, usage and application of basic economic principles.
● Describe and apply the methods for analyzing consumer behavior through demand and supply, elasticity and
marginal utility.
● To analyze the behavioral patterns of different economic agents regarding profit, price, cost etc.
● The decision-making process in different market situations such as perfect competition, monopolistic
competition, monopoly and oligopoly markets.

Page 3 of 24
● To deal with the advance theoretical issues and their practical applications of distribution theories.
● General equilibrium, economic efficiency and market failure.
Credits: 6 Core Compulsory
Max. Marks: 25+75 Min. Passing Marks: 40
Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w
No. of
Unit Topics
Lectures

Introduction:. Problem of scarcity and choice: scarcity, choice and opportunity cost;
production possibility frontier; economic systems. Demand and supply: law of demand,
determinants of demand, shifts of demand versus movements along a demand curve,
market demand, law of supply, determinants of supply, shifts of supply versus
I 12
movements along a supply curve, market supply, market equilibrium. Applications of
demand and supply: price rationing, price floors, consumer surplus, producer surplus.
Elasticity: price elasticity of demand, calculating elasticity, determinants of price
elasticity, other elasticities.
Consumer Theory: Budget constraint, concept of utility, diminishing marginal utility,
Diamond-water paradox, income and substitution effects; consumer choice: indifference
II 12
curves, derivation of demand curve from indifference curve and budget constraint.
Theory of Revealed Preference
Production and Costs:
a. Production: behaviour of profit maximizing firms, production process, production
functions, law of variable proportions, choice of technology, isoquant and isocost lines,
III cost minimizing equlibrium condition. 11
b. Costs: costs in the short run, costs in the long run, revenue and profit
maximizations, minimizing losses, short run industry supply curve, economies and
diseconomies of scale, long run adjustments.
Market Structures
a. Perfect Competition: a. Assumptions: theory of a firm under perfect competition,
demand and revenue; equilibrium of the firm in the short run and long run; long run
industry supply curve: increasing, decreasing and constant cost industries. Welfare:
allocative efficiency under perfect competition.
IV 11
b. Imperfect Competition
Monopolistic competition: Assumptions, SR& LR price and output determinations
under monopolistic competition, economic efficiency and resource allocation;
oligopoly: assumptions, oligopoly models, game theory, , contestable markets, role of
government.
Theory of a Monopoly Firm
Concept of imperfect competition; short run and long run price and output decisions
V of a monopoly firm; concept of a supply curve under monopoly; comparison of 11
perfect competition and monopoly, social cost of monopoly, price discrimination;
remedies for monopoly: Antitrust laws, natural monopoly.
Consumer and Producer Theory
a. Consumer and Producer Theory in Action
Externalities, marginal cost pricing, internalising externalities, public goods; imperfect
VI information: adverse selection, moral hazard, social choice, government inefficiency. 11
b. Markets and Market Failure
Market adjustment to changes in demand, efficiency of perfect competition; sources
of market failure: imperfect markets, public goods, externalities, imperfect
information; evaluating the market mechanism.
Income Distribution and Factor pricing
VII Input markets: demand for inputs; labour markets, land markets, profit maximisation 11
condition in input markets, input demand curves, distribution of Income.
Page 4 of 24
 Welfare Economics: Concept & Definition of Welfare Economics. Normative &Positive
Economics. Concepts of Social Welfare. Role of Value Judgment in Welfare
Economics, Individual & Social Welfare. Pareto Optimality, Conditions of Pareto
VIII 11
Optimality. New Welfare Economics: Kaldor-Hicks Welfare Criterion. Scitovsky
Paradox & Scitovsky’s Double Criterion. Grand Utility Possibility Frontier. Social
Welfare Function. Theories of Social Choice.
Suggested Readings:
1. Ahuja ,H.L(2013) : Advanced Economic Theory‖, S.Chand & Company. Shastri,Rahul.A (1999) :
Microeconomics‖, Orient Blackswan.
2. Ahuja,H.L (2012) :Ucchatar Arthik Siddhant‖, S.Chand & Company, New Delhi.
3. Dwivedi,D.N (2011) :Microeconomics-Theory & Applications‖, Pearson.
4. Lal, S.N (2013):Arthshastra Ke Siddhant‖, Shiva Publishing House, Allahabad. Seth,M.L
(2012) : Arthshastra Ke Siddhant‖,Laxmi Narayan Publications,Agra
5. Lipsey,Richard&Chrystal,Alec (2011) : Economics‖, Oxford University Press Publications,
New Delhi.
6. Pindyck,Robert.S., Rubinfield.Daniel.L., Mehta.Prem.L(2009): Microeconomics‖, Pear son.
7. Salvatore, Dominic(2010) : Principles of Microeconomics‖, Oxford University Press Publications,
New Delhi.
8. Samuelson,Paul.A& Nordhaus, William.D(2010): Economics‖, Tata McGraw Hill.
Koutsoyiannis, A (2008) (2nded): Modern Microeconomics‖, Macmillan.
9. Stonier,A.W&Hague.Douglas.C (2003)(5thed) : A Text Book of Economic Theory‖, Pearson.
Suggested Continuous Evaluation Methods:
Assignment / Test / Quiz(MCQ) / Seminar/ Presentations/ Research orientation of students.
Suggested equivalent online :
Swayam
Coursera

BA 1stYear, Sem. II,

Course I
(Theory)

Program/Class: Degree/BA Year: First Semester: Second

Subject: Economics
Course Code: A080201T Course Title: Macro Economics
Course Learning Outcomes
● Students are able to explain national income, comprehend calculation methods of national income, and
concepts related to national income.
● Students are able to comprehend classical theory of employment and the Keynesian approach.
● Students are able to comprehend the concept of multiplier and it’s working.
● Students are able to understand the relationship between inflation and employment.
● Students are able to relate factors determining national income such as consumption, saving and investment.
● Students are able to analyze different phases of trade cycle, demonstrate various trade cycle theories,
understand the impact of cyclical fluctuation on the growth of business, and lay policies to control trade
cycle.
Credits: 6 Core Compulsory
Max. Marks: -25+75 Min. Passing Marks:40
Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w
No. of
Unit Topics
Lectures
Introduction: What is macroeconomics? Macroeconomic issues in an
I economy. Macro vs. Micro Economics, Limitations of Macroeconomics; 12
Introduction to National Income. Concepts of GDP,
Page 5 of 24
 National Income Accounting: Concepts of GDP GNP, NDP and NNP at
market price and factor cost; Personal Income and Disposable Personal
II Income. Measurement of National Income- Income, expenditure, product or 12
Value added Methods and related aggregates; nominal and real income;
limitations of the GDP concept.
Circular Flow of Income and expenditure in two, three, and four-sector
III 11
economy. National Income and Economic Welfare; Green Accounting.
Classical Theory of Employment. Say’s Law of Markets. Keynes’
Objection to the Classical Theory; Aggregate Demand and Aggregate
IV Supply Functions; The Principle of Effective Demand; Consumption 11
Function - Average and Marginal Propensity to Consume; Factors
influencing Consumption Spending
The Investment Multiplier and its Effectiveness in LDCs; Theory of
Investment - Autonomous and Induced Investment; Marginal Efficiency
V 11
of Capital; Savings and Investment - Ex Post and Ex Ante, Equality and
Equilibrium. Principle of Accelerator.
Rate of Interest: Classical, Neo-Classical and Keynesian Theories of
VI 11
Interest. Indeterminateness in Liquidity Preference Theory
IS-LM Analysis: Derivations of the IS and LM functions; IS-LM and
VII 11
aggregate demand; shifts in the AD curve.
Inflation and Unemployment Concept of inflation; determinants of
VIII inflation; relationship between inflation and unemployment: Phillips Curve 11
in short run and long run.
Suggested Readings:
1. Ackley.G (1976) : Macroeconomics: Theory And Policy, Macmillan, New York.
2. Ahuja,H.L (2012) : Macroeconomics: Theory and Policy , S. Chand &Company, New Delhi.
3. Ahuja,H.L (2012) : Samasti Arthshastra , S. Chand &Company, New Delhi. Lal,S.N (2012
) : SamastibhaviVisleshan , Shiva Publishing House,Allahabad.
4. Branson,W.A (1989) : Macroeconomics Theory And Policy, Harper & Row.
5. D.L (1969) : Advanced Macroeconomics, McGraw Hill, New York.
6. Dornbusch, Rudiger&startz, Richard (2012): Macroeconomics , Tata McGraw Hill Education.
7. Dwivedi,D.N (2010) : Macroeconomics: Theory and Policy , Tata McGraw Hill Education.
8. Gupta,R.D.&Rana,A.S (2009) : Keynes post-Keynesian Economics , Kalyani Publishers, New Delhi
&Ludhiana.
9. Hansen,A.H (1953) : A Guide To Keynes, McGraw Hill.
10. Jhingan, M.L (2010): Macroeconomics ,Vrinda Publications, New Delhi.
11. Jhingan, M.L (2012) :SamastiArthshastra , Vrinda Publications, New Delhi.
12. Shapiro, Edward (2005): Macroeconomic Analysis, Galgotia Publications, New Delhi.
13. Sikdar,Saumyen (2011) : Principles of Macroeconomics , Oxford University Press, New Delhi.
14. Surrey,M.J.C (1976) : Macroeconomic Themes, Oxford University Press. Romer,
Suggested Continuous Evaluation Methods:
Assignment / Test / Quiz( MCQ) / Seminar/ Presentations/ Research orientation of students.
Suggested equivalent online :
Swayam
Coursera

Page 6 of 24
 BA 2ndYear, Sem. III
Course I
(Theory)

Programme/Class: Degree/BA Year: Second Semester: Third

Subject: Economics
Course Code: A080301T Course Title: History of Economic Thought
Course outcomes:
● To learn and discuss, at an advanced undergraduate level, how the economic thought has evolved over time.
● Introducing students to the critical comparison of the contributions of the main schools of economics.
● To introduce & highlight before the students about Indian Economic Thinkers and their valuable contribution
in the field of Economics.
● The classical, the marginalize revolution and its application to the theories of general and partial equilibrium,
the current macroeconomic debate between the neo-classical and the Keynesian school.
Credits: 6 Core Compulsory
Max. Marks: 25+75 Min. Passing Marks: 40
Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w
No. of
Unit Topics
Lectures

B R Ambedkar, Kautilya, Dada Bhai Naoroji, RC Dutt, , R M

I 12
Lohia, Gandhian Economics, Chaudhary Charan Singh (added)
II JK Mehta, A K Sen, J. Bhagwati, Pt. DeenDayal Upadhyay 12
Early Period: Economic thought of Plato and Aristotle - Doctrines of Just
III 11
Cost and Just price.
Mercantilism: Main Characteristics; Thomas Munn - Physiocracy: Natural
IV Order, Primacy of Agriculture, Social Classes, Tableau Economique, 11
Taxation, Turgot - Economic ideas of Petty, Locke and Hume.
Classical Period: Adam Smith - Division of Labour, Theory of Value, Capital
V Accumulation, Distribution, Views on Trade, David Ricardo, Distribution, 11
Ideas on International Trade; Thomas R. Malthus, Theory of Gluts.
German Romantics and Socialists — Sismondi, Karl Marx — Dynamics
VI of Social Change, Labour Theory of Value, Surplus Value, Profit, And 11
Theory of Capitalist Crisis; Economic Ideas of J.B. Say, J.S. Mill.
Marshall as a Great Synthesizer: Role of Time in Price Determination,
VII Economic Methods, Ideas on Consumer’s Surplus, Elasticity, Representative 11
Firm, Quasi-Rent, Pigou: Welfare Economics; Schumpeter.
Marginalists: The Precursors of Marginalism ,Cournot , Gossen — The
VIII Marginalist Revolution: Jevons, Walras and Menger - Bohm-Bawark, 11
Wicksell and Fisher; Economic Ideas of Wicksteed and Weiser.
Suggested Readings:
1. Bhatia,H.L : History of Economic Thought ,Vikash Publishing House.
2. Blackhouse,R (1985) : A History of Modern Economic Analysis, Basil Blackwell, Oxford.
3. Ganguli, B.N(1977) : Indian Economic Thought : A 19th Century Perspective, Tata Mcgraw Hill.
4. Hajela,T.N (2011) : AarthikVicharon Ka Itihas , Ane Books.
5. Hajela,T.N (2011) : History Of Economic Thought , Ane Books.
6. Hunt,E.K&Lautzenheiser,Mark (2011) : History of Economic Thought: A Critical Perspective , Phi
Learning.

Page 7 of 24
 7. Jhingan, M.L (2008): AarthikVicharon Ka Itihas ,Vrinda Publications, New Delhi.
8. Kautilya (1992), The Arthashastra, Translated And Introduced By L.N.Rangarajan, Penguin Books.
9. Loknathan,V (2009) : History of Economic Thought , S.Chand& Company.
10. Roll,Eric : History of Economic Thaught, Faber.
11. Schumpeter, J.A(1954): Historyof Economic Analysis, Oxford University Press, New York.
12. Sinha,V.C (2011) : AarthikVicharon Ka Itihas , Mayur Pu
13. Staley,Charles.E, ―A History of Economic Thought: From Aristole To Arrow‖, Blackwell Publishing.
Suggested Continuous Evaluation Methods:
Assignment / Test / Quiz( MCQ) / Seminar/ Presentations/ Research orientation of students.
Suggested equivalent online :
Swayam

BA 2ndYear, Sem. IV
Course I
(Theory)

Program/Class: Semester: Fourth

Year: Second
Degree /BA
Subject: Economics
Course Code:A080401T Course Title: Money, Banking and Public Finance
Course outcomes:
● Understand simple concepts related with monetary economics and banking theory.
● Correlate and apply to current events & key models and concepts of monetary economics and banking
theory.
● Appreciate the potential importance of monetary phenomenon in the economy.
● Understand the sources of finance both public and private
● Demonstrate the role of government to correct market failures and possible advantage of public financing.
● Understand the possible burden, benefits and distribution of various types of taxes among various classes of
people, know the general trend and impact on general welfare and arouse them to suggest good and bad tax
system.
Credits: 6 Core Compulsory
Max. Marks: 25+75 Min. Passing Marks:40
Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w
No. of
Unit Topics
Lectures

Money and Value of Money: Money - Meaning, Functions and

Classification; Gresham’s Law; Role of Money in Capitalist, Socialist and
Mixed Economies; Monetary Standards -Metallic and Paper Systems of
I 12
Note Issue.
Quantity Theory of Money - Cash Transaction and Cash Balance
Approaches; The Keynesian Approach.
Supply of Money: Definitions—Determinants of Money Supply—High
II 12
Powered Money and Money Multiplier—Indian Currency system.
Commercial Banking: Meaning and types; Functions of Commercial
Banks; The process of Credit Creation - Purpose and Limitations;
Liabilities and Assets of banks; Evolution of Commercial Banking in
III 11
India after Independence; A Critical Appraisal of the Progress Of
Commercial Banking after Nationalization; Recent Reforms in Banking
Sector in India.

Page 8 of 24
 Functions of a Central Bank; Quantitative and Qualitative Methods of
Credit Control - Bank Rate Policy, Open Market Operations, Variable
IV Reserve Ratio and Selective Methods; Role and Functions of the Reserve 11
Bank of India; Objectives and Limitations of Monetary Policy with
Special Reference to India.
Nature and Scope of Public Finance: Meaning and scope of Public
Finance; Distinction between Private and Public Finance; Public Goods
V 11
Vs. Private Goods; The Principle of Maximum Social Advantage; Market
Failure; Role of the Government.
Public Expenditure: Meaning, Classification and Principle of Public
VI Expenditure; Canons and Effects of Public Expenditure; Trends in Public 11
Expenditure and Causes of Growth of Public Expenditure in India.
Taxation: Sources of Public Revenue; Taxation — Meaning, Canons and
Classification of Taxes; Division of Tax Burden — The Benefit and
VII 11
Ability-To-Pay Approaches; Impact and Incidence of Taxes; Taxable
Capacity; Effects of Taxation; Characteristics of A Good Tax System ,
Fiscal policy: Components, Instruments, Objectives. Role of Fiscal Policy in
Developed and Developing Countries, Budget Structure of the Government
of India, State Budget- Sources of Revenues and Expenditures. Major Tax
VIII 11
Reforms in India. Goods & Service Tax (added), Fiscal Federalism in India:
Union-State Fiscal Relations, Federal Fiscal Imbalances and the Role of
Finance Commission. Finances of Local Bodies.
Suggested Readings:
❖ Bagchi,Amaresh (2005) : Readings in Public Finance, Oxford University Press.
❖ Cullis,John& Jones Philip (2009) : Public Finance and Public Choice, Oxford University Press.
❖ Eyler,Robert (2009) : Money and Banking-An International Text ,Routledge.
❖ Gupta, Janak Raj (2011): Public Economics in India Theory and Practice, Atlantic.
❖ Gupta,S.B (2009) : Monetary Economics-Institutions, Theory & Policy , S.Chand & Company, New
Delhi.
❖ Head, J.C (1974): Public Goods and Public Welfare, Durham, NC, Duke University Press.
❖ Inge Kaul, Pedro Conceicao (2006): The New Public Finance, Oxford University Press.
❖ Jhingan ,M.L (2012) : Monetary Economics , Vrinda Publications,NewDelhi.
❖ Jhingan, M.L (2012) : Maudrik Arthshastra , Vrinda Publications, New Delhi.
❖ Johansen, Life (1965) :Public Economics, Chicago: Rand Mcnally.
❖ Khanna, Perminder (2005): Advanced Study in Money and Banking: Theory and Policy Relevance in The
Indian Economy , Atlantic.
❖ Lal, S.N (2012): Mudra,Banking, Avam Videshi Vinimay , Shiva Publishing
House,Allahabad.
❖ Margolis,J&Guitton,H : Public Economics (1974), Mcmiillan.
❖ Musgrave,R.A (1959) , The Theory Of Public Finance, McGraw Hill.
❖ Musgrave,R.A& P.B. Musgrave (1989) : Public Theory: Theory & Practice, Mcgraw Hill.
❖ Nadar,E.Narayanan (2013) : Money and Banking , PHI Learning Press.
❖ Paul, R.R (2011): Money, Banking & Exchange , Kalyani Publishers, Delhi.
❖ Seth. M.L (2012) : Maudrik Arthshastra , Laxmi Narayan Publications,Agra.
❖ Shome Parthasarathi (2002): India’s Fiscal Matters, Oxford University Press, New Delhi.
❖ Uppal, R.K (2011): Money, Banking and Finance in India- Evolution & Present Structure New Century
Publications.
Suggested Continuous Evaluation Methods:
Assignment / test / Quiz( MCQ) / Seminar/Presentations/ Research orientation of students
Suggested equivalent online :
Swayam
Coursera

Page 9 of 24
 BA 3rd Year, Sem. V
Course I
(Theory)
Programme/Class:
Year: Third Semester: Fifth
Degree/BA
Subject: Economics
Course Code: A080501T Course Title: Economic Growth and Development
Course outcomes:
● Students should be able to comprehend the concept and meaning of economic growth and economic
development.
● Students should be able to distinguish between economic growth and economic development.
● Students should be able to comprehend the issues and challenges in economic growth and development.
● Students should be able to comprehend and explain the concept of poverty and human development & the
related concepts.
● Students should be familiar with the approaches to development.
● Students should be able to understand and explain the factors and variable of economic development.
● Students are able to understand how international factors facilitate and impede economic development.
Credits: 5 Core Compulsory
Max. Marks: 25+75 Min. Passing Marks: 40
Total No. of Lectures-Tutorials-Practical (in hours per week): P- 2/w
No. of
Unit Topics
Lectures

Meaning and Measurement of Economic Growth and Development-

I Measuring Development and Development Gap, GDP, GNP, Per Capita 10
Income, Factors affecting Economic growth and Development.
Concept of Poverty and Inequality, Vicious cycle of poverty, Lorenz Curve,
Gini Coefficient Concept of Human Development, Human Development
II Index, Physical Quality of Life Index, Quality of Life Indices. Hunger Index, 10
Happiness Index, Development and Sustainability. Concept of Sustainable
Development. Millennium Development goals.
Lewis model of labour surplus economy, Rosentein Rodan’s theory of Big
III Push, Nelson’s Level equilibrium trap, balanced vs Un-balanced growth, 10
Rostow’s stages of growth, Harrod and Domar Growth models.
Theory of Demographic Transition, Population as Limits to Growth. The
Concept of Inclusive Growth- with Reference to India. Market Failure and
IV 10
Government Failure, Food Security, Education, Health and Nutrition,
Gender and Development.
Development & Underdevelopment: an Overview; The Characteristics and
Explanations Of Underdevelopment- Vicious Circle of Poverty, Circular
V Causation, Dualism-Social, Technological, Financial, Organizational, 10
Model of Dual Economy, Lewis, Ranis-Fei, Jorgenson, Dependency
Theories of Underdevelopment.
Models of Technical Progress, Embodied and Disembodied Technical
Progress, Neutral Technical Progress- Hicks, Harrod, Solow, Kaldor,
VI 10
Mirrlees Technical Progress Function, Arrow’s Learning by Doing
Approach to Economic Growth.
Accumulation Endogenous growth, Intellectual capital, Role of Learning,
VII Education and Research, Explanations of Cross country Differentials in 8
Economic Growth, Information Paradigm-Stiglitz
International Trade, Aid and Finance in the Development of Developing
Countries-with special reference to India. FDI & FII, Role of Technology
VIII 7
Transfer and Multinational Corporations in promoting development in
development of developing countries-with Special Reference to India.

Page 10 of 24
Suggested Readings:
❖ Barro, Robert J and Xavier Sala-i- Martin, Economic Growth, The MIT
Press, Cambridge, Latest Edition.
❖ Basu, Kaushik (2010): Analytical Development Economics: The Less
Developed Economy, Oxford University Press.
❖ Dasgupta, Dipankar: Growth Theory, Oxford University Press, 2007
❖ Ghatak, S., An Introduction to Development Economics. Allen and Unwin London, latest edition.
❖ Hayami, Y., Development Economics, Oxford University Press, New York, 2010
(5th Impression)
❖ Hayami, Yujiro&Godo,Yoshihisa (2005) : Development Economics: From the Poverty to the
Wealth of Nations, Oxford University Press.
❖ Hendrik Van Den Berg, Economic Growth and Development, McGraw-Hill International
Edition, 2005
❖ Jhingan ,M.L (2013): Economics of Development and Planning, Vrinda
Publications, NewDelhi.
❖ Jhingan ,M.L (2013): Vikas Ka ArthshastraAwamNiyojan, Vrinda
Publications, NewDelhi.
❖ Lal ,S.N (2012):Vikas, Niyojan Awam Paryavaran, Shiva Publishing House,Allahabad.
❖ Lekhi, R.K (2013): Economics of Development and Planning, Kalyani Publishers, New Delhi.
❖ Meier, G.M., Leading Issues in Economics Development, Oxford University Press, New
Delhi, Latest edition.
❖ Mishra,S.K&Puri,V.K (2012): Economics of Development and Planning,
Himalaya Publishers, Mumbai.
❖ Ray Debraj, Development Economics, Oxford University Press, Latest Edition.
❖ Singh, Kartar&Shishodia (2007): Environmental Economics: Theory andApplications, SageIndia.
❖ Singh,S.R(2012):EnvironmentalEconomics,APHPublishingCorporation,Delhi.
❖ Somashekar, NT: Developmental Economics, New Age Publication (Latest edition)
❖ Taneja,M.L&Myer,R.M (2011): Arthshastra Ki YojnayeAwamVistaar, Visha PublishingCom
pany,Jalandhar (New Delhi).
❖ Thirlwall, A.P., Growth and Development with Special Reference to Developing Economies,
Macmillan, UK, 1999.
❖ Todaro,Michael.P&Smith,Stephen.C (2011) : Economic Development, Pearson.

BA 3rd Year, Sem. V

Course II (Optional)
(Theory)

Programme/Class:
Year: Third Semester: Fifth
Degree/BA
Subject: Economics
Course Code: A080502T Course Title: Environmental Economics
Course outcomes:
● Students should be familiar with the basic concepts of ecology environment and economy.
● Students to understand the solution to environmental problems- the command and control approach,
market based methods, tax tradable pollution permit, etc, carbon trading
● Students should be familiar with the concept of Sustainable development, environmental impact
assessment CO 5: Global and local environmental concerns.
● Students should be comprehend the Local Issues of Economic Bearing related to environment &
development.
● Students should realize the importance and influence of environment on the economy including the quality of
manpower.
● Students should realize the importance to make cleaner environment so as to achieve harmonious
Page 11 of 24
 development.
● Students should comprehend that environmental problem is not the problem of a single country or region but
a global problem/issue.
● Demonstrate an awareness of economic growth problems, issues in globalisation,and provide grounding in
major growth strategies and development.
Credits: 5 Core Compulsory
Max. Marks: 25+75 Min. Passing Marks: 40
Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w
No. of
Unit Topics
Lectures

Introduction: Key environmental issues and problems, economic way of

thinking about these problems, basic concepts from economics; Pareto
I 10
optimality and market failure in the presence of externalities; property rights
and other approaches.
The Design and Implementation of Environmental Policy: Overview,
Pigouvian taxes and effluent fees, tradable permits, implementation of
II environmental policies in India and international experience; trans- 10
boundary environmental problems; economics of climate change, Kuznets
Curve.(added)
Environmental Valuation Methods and Applications: Valuation of non-
III market goods and services--theory and practice; measurement methods; 10
cost-benefit analysis of environmental policies and regulations.
IV Sustainable Development: Concepts; measurement; perspectives from Indian 7
experience.
V The Theory of Externality- Positive & Negative Externality; Public
Goods; Private Goods; Public Bads; Market Failure and Pigouvian
8
Solution- Pigouvian Tax.; Coase’s Theorem And Property Rights; Eco-
Labelling; Eco-Efficiency.
VI Social Limits to Growth Model; Green Accounting; Environmental
Valuation- Meaning, Need for Environmental Valuation, Methods of
10
Environmental Valuation; Difficulty in Measuring Environmental Values,
Environmental Damages and Its Valuation.
VII Indian Constitution and the Environment; Environmental Management-
Meaning and Concept, Objectives and Goals, Obstacles; Environmental
Impact Assessment; Environmental Education and Awareness-Dilemma 10
of Environmental Ethics and Practical Problems, Environmental
Education in India.
VIII Population and Environment; Trade and Environment in the WTO
Regime; Climate Change- Meaning and Concept, Ozone Depletion, Acid
Rain, Global Warming and Greenhouse Effect; Indian Environmental
10
Issues and Legislations; Role of Judiciary in Environmental Protection and
Conservation; International Environmental Issuesand Legislations, Carbon
Trading.
Suggested Readings:
● Bharucha, Erach : Paryavaran Adhyann, Orient Blackswan.
● Bhattacharya, Rabindra Nath (2002): Environmental Economics – An Indian Perspective, Oxford
University Press.
● Eugine,T (2005) : Environmental Economics, Vrinda publications, Delhi.
● Jhingan,M.L & Sharma,C.K (2009) : Environmental Economics Theory Mgt & Policy,
Vrinda publications, Delhi.

Page 12 of 24
 ● Kolstad, Charles. D (2012): Intermediate Environmental Economics, Oxford University Press.
● Nagre,Vijay.H (2012) : Environmental Economics, Chandralok Prakashan.
● Singh, Kartar & Shishodia (2007): Environmental Economics: Theory and Applications, Sage India.
● Singh, S.R(2012): Environmental Economics, APH Publishing Corporation, Delhi.
● Smith, Stephen (2011): Environmental Economics: A Very Short Introduction, Oxford University
Press.
● Tripathi, Daya Shanker : Paryaavaran Addhyayan, Motilal Banarasidass Pvt Ltd.

B A 3rdYear,
Sem.V Course II (Optional)
(Theory)
Program/Class: Semester: Fifth
Year: Third
Degree /BA
Subject: Economics
Course Code:A080503T Course Title: International Economics
Course outcomes:
● Students should be able to understand and explain the concept, need, significance and scope of international
economics.
● Students should be familiar with the approaches of international trade.
● Students should be familiar with and are able to explain the economic integration at the global level and the
formation of groups.
● Students are familiar with the international organizations and their objectives. Students should be able to analyse
the importance and relevance of these international organizations.
Credits: 5 Core Compulsory
Max. Marks: 25+75 Min. Passing Marks:40
Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w
No. of
Unit Topics
Lectures
Part I
Need, Significance and Scope of International Economics. Early Trade
Theory-Mercantilism; The Classical Theories of Trade -Adam Smith,
I David Ricardo; Opportunity Cost Approach; Terms of Trade-Meaning and 8
Concepts, Factors affecting Terms of Trade; Mill’s Reciprocal Demand
Analysis.
Free Trade and Protection-Meaning of Free Trade, Arguments For and
Against Free Trade, Meaning of Protection, Arguments for Protection-
II 7
Economic and Non-Economic Arguments; Protection and Less Developed
Countries. Globalization
Theories and Forms of Economics Integration-Meaning &Benefits; Forms
of Economic Integration- Custom Union: Production and Consumption
III 10
Effects of Customs Union; Problems Involved in the Formation of
Customs Union; Political Economy of Protection; SAFTA,BRICS,IBSA.
Balance of Payments-Concepts ; Adjustment Mechanisms of Balance of
IV Payments- Adjustment Through Variations in Exchange Rates, Devaluation 10
and Balance of Payments Adjustment, The Elasticity Approach, Marshall-

Page 13 of 24
 Lerner Condition.
Heckscher-Ohlin Theorem, The Leontief Paradox, Post-Heckscher-Ohlin
Theories of Trade- Technological Gap Model; The Krugman Model,
V Effects of Growth on International Trade- Production & Consumption 10
Effects, Export Pessimism, Immiserising Growth; Gains from Trade-
Meaning and Types, Factors Determining Gains from Trade.
International Financial Institutions-IMF,WORLD BANK,ADB; GATT,
VI WTO- TRIPS &TRIMS, WTO and India;, UNCTAD, North-South Trade 10
Dialogue, South-South Cooperation. FDI
Quantitative Restrictions: Quota-Meaning, objectives, Types and Effects
VII of Import Quotas; Tariffs-Meaning Types and Effects of Tariffs; Non- 10
Tariff Barriers-Meaning, Classification and Types.
Foreign Exchange-Meaning and Instruments, Exchange Rate
Determination, Mint Par Parity theory, Purchasing Power Parity Theory,
Hedging, Foreign Exchange Rate Policy- Fixed, Flexible & Multiple
VIII 10
Exchange Rate System; Convertibility of Rupee in Current Account and
Capital Account, Move Towards Capital Account Convertibility; Global
Financial Crisis.
Suggested Readings:
● Agarwal,Babita (2009) : Antarrastriya Arthshastra, Omega Publications.
● Bhatia,H.L (2006) :International Economics, Vikash Publishing House.
● Cherunilam,Francis (2008) :International Economics‖ Tata McGraw Hill Education.
● Field,Alfred.J & Appleyard, Dennis.R (2013) : International Economics, McGraw Hill
Education.
● Gerber,James (2012) : International Economics, Pearson.
● Jhingan, M.L (2011): Antarrastriya Arthshastra, Vrinda Publications, New Delhi.
● Krugnan,Paul.R & obstfeld, Maurice (2008) : International Economics, Pearson.
● Lal,S.N (2012) :Antarrastriya Arthshastra, Shiva Publishing House,Allahabad.
● Mannur,H.G (2001) :International Economics, Vikash Publishing House Pvt Ltd.
● Salvatore,Dominick (2012) : International Economics: Trade & Finance, Wiley Publishers.
● Sinha,V.C., Sinha,Pushpa & Sinha,Vivek (2011) : Antarrastriya Vyapar Avam Vitt, Mayur
Publications.
● Vaishya,M.C. & Singh,Sudama (2006) : International Economics , Oxford &IBH Publishing
House, Delhi.
Suggested Continuous Evaluation Methods:
Assignment / test / Quiz( MCQ) / Seminar/Presenatations/ Research orientation of students

Suggested equivalent online :

Swayam

Page 14 of 24
 BA 3rd Year, Sem. V
Course III
(Project)
Program/Class: Semester: Fifth
Year: Third
Degree /BA
Subject: Economics
Course Code: A080603R Course Title: Elementary Statistics based Project
Course Outcome:
● Students to be familiar with the concepts in Statistics.
● The concepts comprehended by the students shall be put to use in practice.
● The students become familiar with the practical aspects of preparing a questionnaire/interview schedule
and putting them in usage.
● The information/data collected by the students should be analyzed with the help of Statistical Tools
taught so as to derive inferences.
● The students shall experience the practical aspect of the theory of statistics being taught in the class room
environment.
● The students are able to use statistical tools vis-à-vis given real life situation.
● Practical work to be based on the topics covered in the contents given below.

Credits: 3 Core Compulsory

Max. Marks: 25+75 Min. Passing Marks:40
Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w
No. of
Unit Topics
Lectures
Introduction to Basic Concepts in Statistics: Population, Sample, Parameter,
Data-Meaning & types. Questionnaire, Schedule & Interview Schedule
I
(meaning, concept & types), Frequency Distribution, Cumulative frequency;
Graphic and Diagrammatic representation of data.
Measures of Central Tendency - Mean, Median, Mode, Geometric
mean and Harmonic mean. (Meaning, concept, properties &
methods of measurement-in brief).
II
Measure of Dispersion: Range, Mean Deviation, Standard deviation,
Coefficient of Variation, Quartile deviation, Skewness and Kurtosis
(Meaning, concept, properties & methods of measurement-in brief) 45 (Class
Correlation: Meaning, Concept, Types & Properties. Methods of room of Correlation: K
measurement
Regression: Meaning and Concept. Least squares method, teaching and
III Interpretation of Regression Coefficients. practical)
Meaning, concept & types of Sampling.
Meaning & concept of Hypothesis & hypothesis testing.
Time Series: Concept, Meaning & Components - Determination of Regular,
Trend and Seasonal Indices.
Index Number: Concept, Classification of Index Numbers-price relative,
IV quantity relative, value relative & special purpose (in brief). Consumer Price
Index(CPI), Whole Sale Price Index (WPI), Methods of Construction of
Index Numbers- i Unweighted & ii Weighted indices (in brief). Test of
Adequacy of Index Number Formulae (in brief).

Page 15 of 24
Suggested Readings:
● Elhance,D.L (2010) : Sankhiki Ke Siddhant (Hindi), Kitab Mahal.

● Greenlaw, Steven A (2005): Doing Economics: A Guide to Understanding and Carrying Out
Economic Research.

● Gupta,S.P (2011) : Statistical Methods, Sultan Chand & Sons, Delhi.

● Hazarika,Padmalochan (2006) : Essential Statistics for Economics and Commerce , Akansha

Publishing House.

● Kothari, C.R: Research Methodology: Methods & Techniques. New Age International
Publishers ISBN (13) : 978-81-224-2488-1

● Leighton,Thomas (2011) : Using Statistics in Economics, Tata McGraw Hill

Education.

● Lind, Wathen &Marchal (2013): Basic Statistics for Business & Economics, McGraw Hill
Education.

● Newbold, Paul (2008) : Statistics for Business and Economics , Pearson Education.

● Richard ,I. Levin. H. Siddiqui Masood S. Rubin David Sanjay Rastogi (2017): Statistics for
Management. Pearson. ISBN-10 8184957491

● Sharma,J.K(2011) : Business Statistics ―Pearson Education.

Note:
❖ Aforestated Four units given are to be taught in the classroom keeping in view that the project is based on
the use/application of the Statistical tools taught & as per the focus/objective of the problem.
❖ Students are expected to develop an understanding of how to prepare a questionnaire/interview schedule
for the usage.
❖ The field work will be arranged by the department for which an institutional mechanism will be
developed by the respective institution.
❖ The students will prepare a thorough report after the completion of the field work and submit it for the
evaluation thereafter.
❖ The template/format for the submission of the report will be developed by the respective department.

BA3rd Year, Sem. VI

Course I
(Theory)
Program/Class: Semester: Sixth
Year: Third
Degree /BA
Subject: Economics
Course Code:A080601T Course Title: Indian Economy & Economy of Uttar Pradesh
Course Outcome :
● Students should be able familiar with the basic characteristics of Indian economy,
● Students should be able familiar with the it’s potential on natural resources of Indian economy and the economy
of Uttar Pradesh.

Page 16 of 24
 ● Students are able to understand the importance, causes and impact of population growth and its distribution,
translate and relate them with economic development.
● Students are able to develop an understanding about Uttar Pradesh , its demographic feature, natural resources
and factors that cn stimulate its economic growth and development.
● Students should be familiar with the rural development of Uttar Pradesh over the period of time.
● Students should be familiar with the industrial development in India and in Uttar Pradesh.
Credits: 5 Core Compulsory
Max. Marks: 25+75 Min. Passing Marks: 40
Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w
No. of
Unit Topics
Lectures

Structure and Features of Indian Economy: Indian economy as a

I Developing Economy. Comparative Development of Indian States 8
Agricultural Sector: Institutional Reforms, Technological change in
Agriculture, Terms of Trade between Agriculture and Industry;
II Agricultural Policy, Policies for Sustainable Agriculture. Agrarian Crisis 10
and Agricultural Labour.
The Industrial Sector: Industrial Policy; Public Sector Enterprises and
their Performance, Privatization and Disinvestment debate, Small,
III Medium and Large-scale Sector, Industrial Labour, trade 10
Union Movement.
Planning in India: Objectives and Strategy of Planning; Success story of
Indian Plans; NITI AYOG, SOCIAL SECTOR (added) , Strategy of
IV Inclusive Growth, Resource mobilization for Development. INDIA’S 10
FOREIGN TRADE : COMPOSITION AND BASIC FEATURES (added)
Nature, Features, Demographic Profile, Status of Natural Resources,
Major Factors affecting growth and development in Uttar Pradesh.
V Economic and non-economic factors in economic development of Uttar 10
Pradesh.
Sectoral growth pattern in Uttar Pradesh; Economic growth in Uttar
Pradesh and Indian economy: A comparison; Infrastructural development
VI 7
of Uttar Pradesh.
Pattern of land-holding and irrigation; production and productivity in
agriculture, Farm mechanization, Crop diversification, agricultural credit,
VII Agricultural policy and strategies in Uttar Pradesh, Rural Development in 10
Uttar Pradesh.
Problems and Policies. Major industries in Uttar Pradesh, Pattern of
Industrial Development in Uttar Pradesh, Industrial Policy in Uttar Pradesh,
Growth pattern of Services sector and Its linkages of other sectors of UP
VIII 10
Economy. Micro, Small, Medium Enterprises (MSMEs) in Uttar
Pradesh. One Product One District (OPOD).
Suggested Readings:
1. Agarwal,,M K (2009): Uttar Pradesh ka Arthik Vikas. New Royal Book Company
2. Annual Financial Statement (Budget) of the Government of Uttar Pradesh published in different years & the
latest.
3. Annual Financial Statement (Budget) of the Government of Uttar Pradesh published in different years & the
latest.
4. Annual Financial Statement (Budget)various years & Latest published by the Government of India.
5. Economic Surveys, Government of India (Hindi/English)

Page 17 of 24
 6. Indian Economy by Mishra & Puri. Himalaya Publishing House (Hindi /English)
7. Indian Economy by Uma Kapila, Academic Foundation
8. Indian Economy. Rudra Dutt & Sunderam. S. Chand & Company (Hindi /English)
9. Mishra, Arvind Narayan & Atul Chandra (2018):The Economy of Uttar Pradesh. Gutenberg Publication
ISBN: 9789386240224, 9789386240224
10. Mishra, Arvind Narayan & Atul Chandra (2018):The Economy of Uttar Pradesh. Gutenberg Publication
ISBN: 9789386240224, 9789386240224
11. Publications of the Government of Uttar Pradesh.
12. Publications of the Government of Uttar Pradesh.
13. Uttar Pradesh Human Development Report, UNDP, 2008.
14. Uttar Pradesh Human Development Report, UNDP, 2008.
15. Uttar Pradesh State Development Report, Volume I & II, State Plan Division, Planning Commission,
Government of India, 2014.
16. Uttar Pradesh State Development Report, Volume I & II, State Plan Division, Planning Commission,
Government of India, 2014.
Suggested Continuous Evaluation Methods:
Assignment / test / Quiz( MCQ) / Seminar/ Presentations/ Research orientation of students
Suggested equivalent online :
Swayam

BA 3rdYear
Sem. VI
Course II (Optional)
(Theory)

Program/Class: Semester: Sixth

Year: Third
Degree /BA
Subject: Economics
Course Code: A080602T Course Title: Agriculture Economics
Course Outcome
● Students should be able to comprehend and explain the approaches to economic development with respect to
dualistic development.
● Students should be able to understand and explain the basics of agriculture economics.
● Students should be familiar with labour issues in agriculture sector.
● Students should be able to explain the significance of agriculture in the economic growth and economic
development of an economy and in case of Indian Economy.
● Students should be familiar with the institutional initiates to strengthen the rural and agricultural development
to achieve self sufficiency.
● Students should be able to comprehend the role of credit in the development of agriculture in a country like
India and the significance of institutional mechanism in this regard.
Credits: 5 Core Compulsory
Max. Marks: 25+75 Min. Passing Marks:40
Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w
No. of
Unit Topics
Lectures
Part I
Models of Agricultural Development: Physiocrats approach, W. A. Lewis
I model, Fei & Ranis Model, Schultz Theory of Agricultural Development, 10
Jorgenson’s Dual Economy Model

Page 18 of 24
 Agricultural Production Function, Supply Response, Farm Size, Returns
to Scale and Productivity. Cobweb Theorems. Farm Size and Productivity
II 10
Debate; Theoretical And Empirical Findings. Agricultural Price Policy in
India.
Labour in Agriculture- Interlocking of Factor Markets, Labour and Work
Force in Rural Farm and Non-Farm Sectors. Agricultural Labour- Problem
III and Policy. Concept and Measurement of Rural Poverty & Employment, 10
Poverty Alleviation Programmes (in brief-the Objectives, Achievements &
the Shortcomings).
Current Issues in Indian Agriculture- Poverty & Food Security in India,
Agro- Subsidies in India, Subsidy Vs Public Investment. Export and
IV 10
Imports of Agricultural Commodities, Terms of Trade in Indian
Agriculture, WTO and Indian Agriculture-Bali Negotiations
Role Of Agriculture in Economic Growth and Development in India.
Backward, Forward Linkage between Agriculture and Industry,
Approaches towards Agriculture And Allocation of Resources under
V Different Plans in India. Employment Elasticity in Indian Agriculture, 10
Challenges & Issues Regarding Agricultural Area Expansion, Production
and Productivity in India (With Focus On Post Reform (Post 1991 &
1995) Period.
Land Reforms in India & Its Contemporary Relevance, Green Revolution
and the Need for Second Generation, Green Revolution, Role of
VI 10
Infrastructural Support-Irrigation, Power, Seeds Fertilizers, Marketing
Support System and Roads in Agricultural Development in India..
Role of Credit in Agricultural Development, Institutional & Non-
Institutional Sources of Credit in India, Cooperative Movement in India (In
VII 8
Brief). Role of Schedule Commercial Banks, Lead Banks, Regional Rural
Banks and NARBAD to Promote Agricultural Development.
Agricultural Marketing: Meaning and Concept. Structure of Agricultural
Markets in India, Issues and Challenges in the Marketing of Agricultural
Products in India (With Focus On The Post Reform Period-Post 1991).
VIII 7
Agricultural Diversification: Meaning, Concept & Issues. Crop
Diversification: Meaning, Concept and Issues. Farm Incomes and
Employment in Indian Agriculture.
Suggested Readings:
● Bardhan, P. (1984) Land, Labour and Poverty; Essays in Economic Development, OUP, New Delhi.
● Bhaduri, A. (1984), The Economic Structure of Backward Agriculture; Macmillan, Delhi.
● Bhalla, G.S., (2007) Indian Agriculture since Independence, National Book Trust, India
● Bharadwaj, K. (1974), Production Conditionin India Agriculture; OUP, Cambridge.
● Black, J.D, (1953) Introduction to Economics for Agriculture, Macmillan.
● Dantawala, M.L. et al. (1991): Indian Agricultural Development since Independence, Oxford & IBH,
New Delhi.
● Dash, Mrutyunjay (2013): Agricultural Economics, Anmol Publications.
● Ghatak, Sand K. Ingerscant(1984),Agriculture and Economic Development; Select Books,
New Delhi.
● Griffin, K.(1973): Political Economy of Agrarian Change.
● Gupta,P.K (2012) : Agricultural Economics, Vrinda Publications,Delhi.
● Gupta,P.K (2012) : Krishi Arthsastra , Vrinda Publications,Delhi.
● Khusro, A.M.(1973), The Economics of Land Reforms and Farm Size in India, MacMillan.
● Kumar,N.S.Ravi (2010) : Agricultural Economics, Neha Publishers.
● Lekhi,R.K(2013) : Agricultural Economics, Kalyani Publishers.
● Lekhi,R.K(2013) : Krishi Arthsastra, Kalyani Publishers.

Page 19 of 24
 ● Mahajan, Ashwani (2010): Agricultural Economics, Centrum Press.
● Mellor, J.W., The Economics of Agricultural Development, Vora and Co., Bombay, 1964.
● Raghavan and L. Sarkar (Eds.) (1996): Poverty and Employment: New Delhi.
● Raj, K.N. et.al. (1988): Essays in the Commercialization of Indian Agriculture; OUP, New Delhi.
● Rao, CHH (1993):Agricultural Growth, Rural Poverty and Environmental Degradation in India,
OUP, NewDelhi.
● Rao, CHH, (1975): Technological Change and Distribution of Gains in Indian Agriculture,
MacMillan.
● Rudra, A. (1982): India Agriculture Economics; Myths and Reality: Allied Publishers, New, Delhi.
● Sarap Kailash (1991): Interlinked Agrarian Markets in Rural India, Sage Publication, New Delhi.
● Schultz, T.W.(1964): Transforming Traditional Agriculture, Yale University Press.
● Soni, R.N (2011): Krishi Arthshastra Ke Mukhya Vishay, Vishal Publishing
Company,Jalandhar (New Delhi)
● Soni, R.N (2011): Leading Issues In Agricultural Economics, Vishal Publishing
Company,Jalandhar (New Delhi)
● Sunder,I (2010): Principles of Agricultural economics, Neha Publishers.
● Talathi, J.M (2008): Introduction To Agricultural Economics And Agribusiness
Management, Ane Books.
● Taylor, H.C., (1949), Outlines of Agricultural Economics, MacMillan.
● Verma, N.M.P. (1990), Irrigation Change and Agricultural Development, Uppal, New Delhi.

BA 3rdYear, Sem. VI
Course III(Optional)
(Theory)

Program/Class: Semester: Sixth

Year: Third
Degree /BA
Subject: Economics
Course Code: A080603T Course Title: Elementary Mathematics
Course Outcome
● Students should be familiar with the basis concepts of mathematics and their application in economics.
● Students are able to comprehend & explain the concepts of straight lines slope etc of mathematics and its
application in economics.
● Students should be able to understand basics of differential & its application in economics.
● Students should be able to understand and work with matrices and determine if a given square matrix is
invertible.
● Learn about and work with vector spaces and subspaces.
● Students are able to understand and work with the concepts of linear programming & graphic methods.
Credits: 5 Core Compulsory
Max. Marks: 25+75 Min. Passing Marks:40
Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w
No. of
Unit Topics
Lectures

Basic Concepts: Variables, Sets, Functions, Equations, Identities, Systems

I 9
of Equations
Application of Straight Line System, Slope of the Line,
II 9
Homogeneous Function.

Page 20 of 24
 Role Of Mathematical Techniques In Economic Analysis, Theory of
III 9
Numbers, Indices and Factorization.
IV Progression, Growth Rate, Equilibrium. 9
Basics of Calculus: Rules of Differentiation of a Function; Maxima and
V 9
Minima,
Elasticities; Inter- relationships among Total, Marginal and Average Cost
VI and Revenues; Constrained Optimisation Problem; Integration of a Function, 10
Consumer’s and Producer’s Surplus
Matrix and Determinants: Various types of Matrices, Determinants, Inverse
VII 10
of a Matrix,Crammer’s Rule.
VIII Concept of Linear Programming — Graphic Methods. 10
Suggested Readings:
1. Agarwal, D.R. (2009): Mathematics for Economics, Vrinda Publications, Delhi. Livernois,John.,
Rees,Ray., & Hoy,Michael (2012) : Mathematics for Economics , PHI Learning.
2. Agarwal, D.R. ―Prarambhik Ganitiya Arthshastra (Hindi), Vrinda Publications, Delhi.
3. Allen,R.G.D (2008) : Mathematical Analysis for Economics , AITBS.
4. Bhardwaj,R.S(2006):MathematicsforEconomicsandBusiness,ExcelBooks.
5. Chiang,A.C & Wainwright,Kevin (2013) : Fundamental Methods of Mathematical Economics‖
McGraw Hill Publication.
6. Dowling,Edward.T(2005):Schaum'sEasyOutlineofIntroductiontoMathematical Economics , Tata
Mcgraw HillEducation.
7. Madnani, G M K : Mathematics for Economics. Sultan Chand & Sons
8. Mishra,J.P. ―Ganiteeya Arthshastra‖, Pratiyogita Sahitya.
9. Rosser,Mike (2003) : Basic Mathematics for Economists , Routledge.
10. Seth,M.L.,― Arthshastramei Prarambhik Ganit‖,Laxmi Narayan Publications,Agra.
11. Sharma,J.K(2007):BusinessMathematics,AneBooksPvt.Ltd.
12. Yamane,Taro (2007) : Mathematics For Economists : An Elementary Survey , PHI Learning
Suggested Continuous Evaluation Methods:
Assignment / test / Quiz( MCQ) / Seminar/ Presentation/ Research orientation of students
Suggested equivalent online :
Swayam

BA3rd Year, Sem. VI

Course IV
(Project/Dissertation)
Program/Class: Degree/BA Year: Third Semester: Sixth
Subject: Economics
Course Code:A080604R
Course Title: Project/Dissertation

Course outcomes:
● The objective of introducing Dissertation/Project at the graduation level is to familiarise, aquaint and
experience the local issues of economic implication or focued on economic welbeing and behaviour of
consumers/citizens.
● It aims at enabling the students to use and apply the learned economic principles vis-a-vis local economic
issues.
● To enable them to learn preperation of questionnaire/interview schedule.
● The Template/Format of the Dissertation/Project shall be developed by the resepcteive Department.
● The idea behind this is to develop economic thikning in the students through direct experience to real life.
Credits: 3 Core Compulsory

Max. Marks: 25+75 Min. Passing Marks:40

Page 21 of 24
 Total No. of Lectures-Tutorials-Practical (in hours per week): P-2/w
No. of
Unit Topics
Lectures
Dissertation Topic on the Local/Current Issues with Economic Focus plus
Presentation using Ppt.
Dissertation Report will be prepared using Statistical/Research Techniques
I
.Surveys, Questionnaire/interview schedule. 45
Questionnaire/Interview Schedule must be attached with the report as
annexure.
Suggested Readings:
● Choubey, Varanya (2018): Research Writing: The Structural Challenge of Communicating Knowledge + A
Method to Meet it. ISBN-13: 978-1974673162 & ISBN-10: 1974673162
● Greenlaw, Steven A (2005): Doing Economics: A Guide to Understanding and Carrying Out Economic
Research, Houghton Mifflin Harcourt (HMH).
● Kothari, C R (2013): Research Methodology. New Age International Publishers.
● Paliwal, Neha & Surendra Khatri (2018): Sodh Pravidhi. National Publishing House. ISBN: 9788180181726,
8180181723
● Pandey Arun & Ganesh Pandey (2009): Sodh Pravidhi. Radha Publication. ISBN-10 : 8174873805
● Sharma, Vinay Mohan(2018): Sodh Pravidhi. Mayur Books.
● Thomson, Williams (2011): A Guide for the Young Economists. MIT Press
This course can be opted as an elective by the students of following subjects: Open for all
Suggested Continuous Evaluation Methods:
Fieldwork, Seminar, Presentations, VIVA, Dissertation.
Suggested equivalent online :
Swayam

Page 22 of 24
 Minor Paper-1( Economics)
BASIC ECONOMICS
Unit – I: Scope and Method: Nature of Economic Laws: Micro economics versus Macro Economics;
Concept of margin; Cardinal versus Ordinal approach of Utility; Indifference curve analysis and its
properties; Consumer Surplus, and Consumer’s equilibrium.
Demand Analysis: Demand function and law of demand; Concept of elasticity-price, cross and
income elasticity of demand.

Unit – II: Economic Systems: Capitalism, Socialism and Mixed economy; Problem of resource allocation.

Unit – III: Production: Production function, Combination of factors, Laws of production- Returns to scales,
Law of variable proportions; Isoquant and its properties.

Unit – IV: Nature of Costs and Markets: Cost functions- Short-run and long-run cost curves; Structure of
Markets: Nature of perfect competition, monopoly and monopolistic competition; Equilibrium of
firm.

Unit – V: National Income Analysis: Concepts, Methods of measurement; Circular flow of income; Concept
of inflation and employment; Sources of income – Central, State and Local Governments in India.

Books Recommended:

1. An Introduction to Positive Economics – R. G. Lipsey

2. Economics – Samuelson and Nordhaus
3. Modern Micro Economics – A. Koutsoyiannis
4. Principles of Micro Economics – Mankiw
5. Principles of Macro Economics – Mankiw
6. Advanced Economic Theory – H. L. Ahuja
7. Micro Economic Theory - Gould and Ferguson
8. Indian Economy - A. N. Agarwal
9. Public Finance – T. N. Hazela

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 Minor Paper-2(Economics)
Fundamentals of Indian Economy

Unit-1 Introduction: Nature and Characteristics of Indian Economy; Planning Commission: History of Five
Year Plans in India, NITI Ayog: Strategy for future development.

Unit-2 Indian Public Finance: Budget Classification: Revenue Account v/s Capital Account; canons of public
expenditure; canons of taxation; direct v/s indirect taxes; brief idea of Indian federal system.

Unit-3 Indian Agriculture: Nature and Problems of Indian Agriculture; Agricultural credit and agricultural
marketing; Commission for agricultural costs and prices (CACP)& Agricultural Price Policy; Farm
Management.

Unit-4 Indian Industry: Nature & Problems of Indian Industry; Industrial Finance; Industrial Policies since
independence, Public sector v/s Private sector, Foreign Trade.

Unit-5 Indian Monetary System: Structure of Banking System: Central bank, Commercial Bank, Foreign
Banks; Bank v/s Non-Bank financial Institutions.

Basic Reading List:

1 Ruddar Datt & K.P.M. Sundaram : Indian Economy

2 A.N. Aggarwal : Indian Economy-Problems of Development and Planning
3 Uma Kapila : Indian Economy Since Independence
4 Jean Dreze & Amartya Sen : Indian Development-Selected Regional Perspectives
5 Kaushik Basu : India’s Emerging Economy-Performance and Prospects
in the 1990s & beyond
6 Shankar Acharya and Rakesh Mohan : India’s Economy-Performance and Challenges
7 Mishra and Puri : Indian Economy

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