St.

Aloysius College (Autonomous), Jabalpur

Reaccredited ‘A+’ by NAAC (CGPA – 3.68/4.00)

College with Potential for Excellence by UGC
DST FIST Supported

Department of Economics

Syllabus

M.A. I to IV Semester

2019-21
 M.A. Ist Semester
Paper - I: Micro Economic Analysis-I
Max. Marks: 40
Course Outcome:
After the successful completion of the course, students will be able to:
 Understand how households (demand) and businesses (supply) interact in various market
structures to determine price and quantity of goods produced.
 Understand the functions of consumption and production leading to maximization of
consumer satisfactionand optimization of firms.
 Explain relationship between factors of production, their productivity and pricing and apply
the model to real-world businesses.
 Apply economic reasoning to individual and firm behavior.

Course Content:
Unit -1
Introduction- Micro Economics: Meaning, Scope, Significant and Limitation, Basic Economic
Problems- Scarcity and Choice, Relationship between Micro and Macro economic analysis,
Methods of Economic Analysis: Deductive and Inductive, Economic Statics and Dynamics,
Positive and Normative Economics, Partial and General Equilibrium Analysis
Unit-2
Demand Analysis:- Theory of Utility and Consumer Behavior- Indifference curve analysis-
Definition and Properties, Consumer’s Equilibrium Price, Income and Substitution Effect Hicks
and Slutsky , Engel Curve, Derivation of Demand Curve
Unit-3
Demand Analysis:- Strong and Weak Ordering Hypothesis, Samuleson’s Theory of Revealed
Preference, Hicks Revision of Demand Theory, Elasticity of Demand and its Types, Consumer’s
Surplus, Marshallian and Hicksian Measure of Consumer Surplus
Unit-4
Supply Analysis: Theory of Production- Production Function, Short and Long run Production
Function, Cobb- Douglas Production Function, Law of Variable Proportion and Return to Scale,
Isoquants, Optimum Factor Combination- Producer Equilibrium, Expansion Path and Ridge Lines.
 Unit -5
Welfare Economics: Meaning and Nature, Role of Value Judgment, Pigovian Welfare Economics,
Dual Criteria, Pareto’s Welfare Economics, Marginal Condition for Pareto’s Optimum and
Unanimity Rule, Social Welfare Function Compensation Principle. Arrow’s Impossibility Theorem.

Recommended Books:
 Kreps David M. (1990), A Course in Microeconomic Theory, Princeton University
press. Princeton.
 Koutsoyiannis, A.(1979), Modern Microeconomic (2nd Edition), Macmillan press,
London.
 Layard, P.R.G. and A.W. Walters (1978), Microeconomic Theory, McGraw Hill,
New York.
 Sen, A. (1999), Microeconomic Theory and Application, Oxford University press,
New Delhi.
 Baumol, W.J. (1982) Economic Theory and Operations Analysis, Prentice Hall of
India, New Delhi.
 Hirshleifer, J. and A. Glazer (1997), Price Theory and Application, Prentice Hall
of India, New Delhi.
 Green, H.A.G. (1971), Consumer Theory, Penguin, Harmondsworth.
 Henderson. J.M. and R.E. Quandt (1980) Microeconomic Theory : A Mathematical
Approach, McGraw Hill, New Delhi.
 Da Costa, G.C. (1980), Production, Prices and Distribution, Tata McGraw Hill
New Delhi.
 Arrow, K.J. and M.D. Intrilligator (Eds.) (1981), Handbook of Mathematical
Economics, Volleyball. 1, North Holland, Amsterdam.
 Varian.H.R.- “Micro Economics A modern Approach”.
 McConenell& Brue.- “ Micro Economics Principal, problems & policies”. Mc.Grow Hills.
 Ahuja, H.L. .- “ Advanced Economic theory”
 Jain K.P.- “ Advanced Economic theory”
 Jhingan M.L.- “ Modern Micro Economics”
 Paper - II Macro Economic Analysis
Max. Marks: 40
Course Outcome:
Students who complete this course will be able to:
 Apply economic reasoning to understand the operation of an economy.
 Understand components of the National Income and its accounting.
 Understand Money supply, operation of monetary policy, its tools, and its effect on different
segments of the economy.
 Understand the factors determining gross domestic product, employment, the general level
of prices, and interest rates.
 Analyze the macro economic factors that determine, consumption, saving and investment.

Course Content:
Unit -1
Nature of Macro Economics, Basic Concepts, Stock and Flow Variables, National income and its
Measurements, GDP and GNP, Importance of National Income estimation, National Income and
Economic Welfare, National Income Estimation in India.
Unit – 2
Income Determination in Closed and Open Economy, Consumption Function, APC-MPC, Factors
affecting Consumption Function, Concept of Multiplier and Accelerator.
Unit - 3
Money Supply, Determination of Money Supply, Interest Rate and Theory of Liquidity Preference,
IS-LM Analysis, Monetary Policy and its Instruments. Monetary Policy Committee.
Unit - 4
Theories of Employment- Classical theory, Say’s Law of Market, Keynesian Theory of
Employment, Keynes Vs. Classical, Measurement and Trends of unemployment in Indian
Economy.
Unit- 5
Theories of Investment: Determinants of Investments, MEC and MEL, Saving Function, Paradox of
Thrift, Investment Multiplier, Consumption, Saving and Investment measurement in Indian
Economy.
Recommended Books:
 Ackley,G.(1978), Macro Economics : Theory and Policy, Macmillan, New York.
 Blackhouse, R. and A. Salansi (Eds.) (2000) Macroeconomics and the Real World
(2 Vols.), Oxford University Press, London.
 Dornbusch, R. and F. Stanley (1997), Macroeconomics, McGraw Hill, Inc, New
York.
 Jha, R. (1991), Contemporary Macroeconomic Theory and Policy, Wiley Eastern
Ltd., New Delhi.
 Shapiro, E.(1996) Macroeconomic Analysis, Galgotia Publications, New Delhi.
 Edey, M. and A.T. Peacock (1967), National Income and Social Accounts,
Hutchinson University Library London.
 Rao, V.K.R.V. (1983) India's National Income : 1950 to 1980, Saqe Publications,
New Delhi.
 Ruggles, R. and N. Ruggles (1956), National Income Accounts and Income
Analysis, McGraw Hill New York.
 Duesenberry, J.S. (1949), Income Saving and the Theory of Consumer Behaviour.
Harvard University Press, Harvard.
 Friedman, M. (1957), The Theory of Consumption Function, Princeton University
Press Princeton.
 Keynes, J.M.(1936), The General Theory of Employment Interest and Money,
Macmillan, London.
 Culbertson, J.M. (1968), Macroeconomic Theory and Stabilization Policy, McGraw
Hill, Kogenkosh, Tokyo.
 Gupta, S.B. (1995), Monetary Planning in India, Oxford University Press, New
Delhi.
 Friedman, M. (1956), Studies in the Quantity Theory of Money, The University of
Chicago Press, Chicago.
 E.J. Shapiro ,Macro Economic Analysis
 W.H.Bransin ,Macro Economic Theory and Policy
 M.L.Jhingan , “Macro Economic Theory”
 M.C.Vaishya , Macro Economic Theory
 M.L. Seth Macro Economics
 Paper – III Quantitative Techniques
Max. Marks: 40
Course Outcome:
After the successful completion the Quantitative Techniques students will be able to:
 Analyze and apply statistical and Mathematical approach to understand economic Principle
and policy.
 Derive and understand properties of different econometric models.
 Decide which approach is appropriate for a particular type of research question and correctly
interpret the results.
 Apply mathematical techniques to economic problems in both dynamic and static settings.
 Derive and understand economic insights from solutions to mathematically formulated
economic models.
Course Content:
Unit-1
Measures of Central Tendency- Mean, Median and Mode, Dispersion. Interquartile Deviation,
Quartile Deviation, Mean Deviation, Standard Deviation,Skewness and Kurtosis.
Unit -2
Simple Differentiation and Integration and its Application in Economics i.e., Calculation of
Elasticity Coefficient, Marginal Cost, Revenue and Productivity, Graphical and Diagrammatic
Presentation.
Unit - 3
Linear and Simultaneous Equations up to Three Variables and its Application in Economics,
Calculation of Equilibrium Prices, Impact of Tax and Subsidy on Demand and Supply, Calculations
of Factor Prices, Calculations of Macro Economic Variables. Application of Minima and Maxima
in Economics.
Unit - 4
Correlation Analysis: Karl Pearson Correlation, Spearman’s Rank Correlation. Regression Analysis:
Concept, Regression lines, finding Regression Coefficients and Equations, Interpolation and
Extrapolation; Concept, Significance, Assumptions, Methods of Interpolation and Extrapolation.
 Unit -5
Index Numbers: A Conceptual frame work, Uses, Types, Problems in Construction ofIndex
Numbers, The Chain Index Numbers, Base Shifting and Deflating the Index Numbers, Cost of
Living Index Numbers, Fishers’ Index Number.

Recommended Books:
 Allen, R.G.D.(1974), Mathematical Analysis for Economists, Macmillan Press and
ElBS, London.
 Chiang, A.C.(1986), Fundamental Methods of Mathematical Economics, McGraw
Hill, New York.
 Gupta, S.C.(1993), Fundamental of Applied Statistics, S. Chand & Sons, New
Delhi.
 Speigal, M.R.(1992), Theory and Problems of Statistics, McGraw Hill Book Co.,
London.
 Yamane, Taro (1975), Mathematical for Economists, Prentice Hall of India, New
Delhi.
 Baumol, W.J.(1984), Economic Theory and Operations Analysis, Prentice Hall,
Englewood Cliffs, New Jersey.
 Monga, G.S.(1972), Mathematical and Statistics for Economists, Vikas Publishing
House, New Delhi.
 Chou, Y. (1975), Statistical Analysis, Holt, Reinhart and Winston, New York.
 Croxton, Crowden and Klein (1971), Applied General Statistics, Prentice Hall of
India, New Delhi.
 Millar, J. (1996), Statistics for Advanced Level, Cambridge University Press,
Cambridge.
 Nagar, A.L. and R.K. Das (1993), Basic Statistics, Oxford University Press, New
Delhi.
 Goon; A.M., M.K. Gupta and B. Dasgupta (1993), Fundamentals of Statistics, Vol.
1, The World Press Ltd., Calcutta.
 Hogg, R.V. and A.T. Craig (1970), Introduction to Mathematical Statistics (3rd
Edition). Macmillan Publishing Co., New York.
 Gupta & Gupta – Statistics
 R. G.D.Allen - Statistics for Economics
 MethaandMadnani - Mathematics for Economists.
 A.L. Bowliy - Elements of Statistics
 Croxton& Cowden - Applied General Statistics
 JITSChandan - . Statistics for Business & Economics
 S.RGupta - Statistical Method
 Shukla&Sahay–Statistical Methods
 Paper – IV Economic of Growth and Development
Max. Marks: 40
Course Outcome:
On completion of the course, students will be able to:
 Understand the main concepts and determinants of economic growth and development.
 Understand the role of inclusive growth and sustainable development in the process of
economic development.
 Apply various economic theories in the context of India development perspectives.
 Learn the determinants of long-term economic growth, including the role of saving and
investment on the rate of growth.
Course Content:
Unit-1
Concepts of Economic Growth and Development – Determinants of Economic
Growth, Indices of Development- Human Development Index, Cost of
Development, Real Cost of Development, Physical Quality of Life Index (PQLI),
Concepts of Inclusive Growth and Sustainable Development.
Unit-2
Classical Theory of development - contributions of Adam Smith, Ricardo, Malthus
and James Mill, Kari Marx and Schumpeter Model, Neo-classical growth models -
Solow and Meade, Harrod - Dommar Model, Joan Robinsons’ Model of Growth.
Unit-3
Theory of Balanced Growth –Nurkse, Lewis Growth Model with Unlimited Supply of Labour,
Theory of Unbalanced Growth- Hirschman, Leibenstien’s Model of Growth.
Unit-4
Rostows’ Stages of Growth, Big Push Theory, Mahalanobis Model, Ranis- Fei Model, Kaldor’s
Model of Distribution.
Unit-5
Problem of Capital Formation for Economic Development, Investment Allocation, Cost Benefit
Analysis, Choice of Techniques- Labourv/s Capital Intensive Techniques, Appropriate and
Intermediate Technology.
Recommended Books:
1. Adelman, I. (1961), Theories of Economic Growth and Development, Stanford
University Press, Stanford.
2. Chenery, H.and T.N. Srinivasan (Eds.) (1989), Handbook of Development
Economics, Vols. 1&2, Elsevier, Amsterdam.
3. Kindleberger, C.P. (1977), Economic Development, (3rd Edition), McGraw Hill,
New York.
 M.A. II Semester
Paper - I Micro Economic Analysis-II
Max. Marks: 40
Course Outcome:
Upon successful completion of the course a student will be able to:
 Make decisions using marginal analysis and opportunity costs.
 Use supply and demand to determine changes in market equilibrium (price and output),
changes in welfare, and analyze the impact of government policies.
 Understand the relationship between marginal utility and price in equilibrium.
 Be able to determine the profit maximizing price and output for a firm operating in a
competitive environment.
 Explain relationship between wages and productivity and apply the model to real-world
businesses.
 Understand the nature and consequences of general equilibrium.

Course Content:
Unit 1
Cost Analysis- Short run and Long run, Cost Function and Curves Prime and Supplementary Cost
Total Average and Marginal Cost Curve Incremental and Marginal Cost.
Revenue Analysis- Total Average and Marginal Revenue Curvesunder Different Market.

Unit – 2
Market Equilibrium: PerfectCompetition- Price and Output Determination, Short and Long Run
Equilibrium of the Firm and Industry, Monopoly- Short and Long Run Equilibrium Discriminating
Monopoly- Definition and Equilibrium under Discriminating Monopoly.

Unit – 3
Market Equilibrium: Monopolistic Competition- Characteristics, Chamberlain’s Approach,
Equilibrium of the Firm and Group with Product Differentiation and Selling Cost, Theory of Excess
Capacity, Oligopoly: Collusive and Non Collusive Model, Kinked Demand Curve and Price
Rigidity, Market Sharing Cartels and Price Leadership.
 Unit – 4
Theories of Distribution: Marginal Productivity Theory, Rent- Meaning and Nature, Ricardian and
Modern Theory, Comparison between Ricardian and Modern Theory. Wage- Meaning and Nature,
Wage Determination under Competitive and Non - Competitive Condition.

Unit – 5
Theories of Distribution: Interest- Meaning and Nature, Classical Theory, Keynesian Theory and
Hicks- Hanson Synthesis; Profit- Meaning and Nature, Knight’s Theory and Schumpeterian Theory
of Profit.

Recommended Books:
 Kreps David M. (1990), A Course in Microeconomic Theory, Princeton University
press. Princeton.
 Koutsoyiannis, A.(1979), Modern Microeconomic (2nd Edition), Macmillan press,
London.
 Layard, P.R.G. and A.W. Walters (1978), Microeconomic Theory, McGraw Hill,
New York.
 Sen, A. (1999), Microeconomic Theory and Application, Oxford University press,
New Delhi.
 Baumol, W.J. (1982) Economic Theory and Operations Analysis, Prentice Hall of
India, New Delhi.
 Hirshleifer, J. and A. Glazer (1997), Price Theory and Application, Prentice Hall
of India, New Delhi.
 Green, H.A.G. (1971), Consumer Theory, Penguin, Harmondsworth.
 Henderson. J.M. and R.E. Quandt (1980) Microeconomic Theory : A Mathematical
Approach, McGraw Hill, New Delhi.
 Da Costa, G.C. (1980), Production, Prices and Distribution, Tata McGraw Hill
New Delhi.
 Arrow, K.J. and M.D. Intrilligator (Eds.) (1981), Handbook of Mathematical
Economics, Volleyball. 1, North Holland, Amsterdam.
 Kreps. David M. (1990), A Course in Microeconomic Theory Princeton UniversityPress, Princeton,
 Ahuja, H.L.- “ Advanced Economic Theory”
 Jain K.P.- “ Advanced Economic theory”
 Jhingan M.L.- “ Modern Micro Economics”
 Paper - II Monetary Economics and Banking
Max. Marks: 40
Course Outcome:
Upon successful completion of the requirements for this course, students will be able to:
 Understand the roles and functioning of monetary policy in fighting recessions and inflation.
 Describe and explain the main channels of the monetary transmission mechanism, through
which monetary policy can have real effects on the economy.
 Understand the functioning of banking system, several key models and concepts of
monetary economics and banking theory.
 The meaning of the business cycle and its phases.

Course Content:
UNIT 1
Money: Meaning and functions,Measures of Money Stock, Liquidity Approach to Quantity of
Money, Credit Creation, Methods of Note Issue in India, Monetary Policy.
UNIT 2
Meaning and Determinants of Value of Money,Theories of Value of Money- Fisher and
Cambridge Approach, Keynes Theory of Money and Price, Milton Friedman’s Theory, Theory of
Real Balance Effect.
UNIT 3
Meaning and Types of Inflation, Deflation, Reflation and Disinflation, Measurement of Inflation,
Inflation and Indian Economy Method to Check Inflation, Relationship between Inflation and
Unemployment, Philips Curve.
UNIT 4
Banking System in India- Types of Bank, Function of Commercial Banks,New Trends in
Commercial Banking, Reserve Bank of India.
UNIT-5
Business Cycle- Meaning and Nature, Phases of Trade Cycles, Theories of Trade Cycle- Non
Monetary Theories, Monetary Theories- Schumpeter, Samuelson and Hicks, Measures to Control
Evil effects of Business Cycle.
Recommended Books
 Culbertson, J.M. (1968), Macroeconomic Theory and Stabilization Policy, McGraw
Hill, Kogenkosh, Tokyo.
 Gupta, S.B. (1995), Monetary Planning in India, Oxford University Press, New
Delhi.
 Reddy, Y.V. (2000), A Review of Monetary and Financial Sector Reforms in India
- A Central Banker's Perspective, UBSPD, New Delhi.
 Mankiw, N.G. and D. Romer (Eds.) (1991), New Keynesian Economics, (2 Vols),
MIT Press, Cambridge.
 Hicks, J.R. (1974), The Crisis in Keynesian Economics, Oxford University Press,
New Delhi.
 Patinkin, D. (1965), Money, Interest and Prices, Harper and Row, New York.
 Monetary Economics- N .Kumar, R. Mittal
 Monetary Economics- M.L Jhigan
 Paper - III Statistical Inferences and Research Methodology
Max. Marks: 40
Course Outcome:
Upon successful completion of the course a student will be able to:
 Understand the elements of a good research design, its purpose, and its relationship to the
hypothesis/problem statement.
 Understand the alternative levels of measurement available for data collection and select the
appropriate level.
 Prepare data for analysis and know how to report research results.
 Critically evaluate research proposed or performed by others.
 Understand ethical issues arise in conducting economic research and strategies for resolving
them
Course Content:
UNIT 1
Meaning and Concept of Research, Type of Research, Steps in Scientific Research, Research
Design, Sampling Techniques and Techniques of Data Collection.
UNIT 2
Analysis of Time Series - Introduction, Utility and Components of Time Series, Measurement of
Trend by Graphic Method, Semi Average and Moving Average Method and Least Square Method.
UNIT 3
Probability and its Theorem, Concept and Definition of Probability, Calculation of Probability,
Addition Theorem and Multiplication Theorem, Theoretical Probability, Distribution- Normal,
Binomial and Poison Distribution
UNIT 4
Hypothesis: Meaning, Types and Utility, Testing of Hypothesis, Standard Error and Sampling
Distribution, Estimation, Significance of Attributes. Large Samples and Small Sample t, F, zTest
and Chi-Square.
Unit 5
Research Report: Types of Reports, Characteristics of Research Report, Formulation Utility and
Limitation, Footnote, References and Bibliography.
Recommended Books:
1. Gupta & Gupta - Statistics
2. D.N.EIhance - Fundamentals of Statistics (Hindi and English Edition)
3. Couner - Statistics in Theory & Practice4. R.G.D.Allen - Statistics for Economic
 Paper – IV International Economics
Max. Marks: 40
Course Outcome:
Learning Outcomes By the end of this course, students should ideally be able to:
 Be familiar with the major models of international trade and be able to distinguish between
them in terms of their assumptions and economic implications.
 Understand economists’ arguments concerning trade policy and its analysis.
 Analyze the economic effects of policy interventions including tariffs, quotas, export
subsidies, anti-dumping duties, countervailing duties and the creation of preferential trading
agreements.
 Critically analyze these policy interventions in terms of their costs and benefits, including
their implications for economic well-being, performance and competitiveness.
Course Content:
Unit - 1
Distinguishing Feature of Inter-regional and International Trade, Difference and Similarities
between Inter regional and International Trade, Importance and Scope of International Trade,
International Division of Labour and Specialization, Smith’s Theory of Absolute Difference in
Cost, RicardianTheory of Comparative Difference in Cost and its Application in Underdeveloped
Countries.
Unit – 2
Mill’s Theory of Reciprocal Demand, Concept of Offer Curve, Explanation of Mill’s Concept of
Reciprocal Demand with the help of Marshall’s Offer Curve, Free Trade v/s Protection,
International Trade Equilibrium.
Unit – 3
Haberler’s Theory of Opportunity Cost, International Trade under Constant, Increasing and
Decreasing Opportunity Cost, The Modern Theory of Factor Endowment, its Explanation under
Price Criterion and Physical Criterion, Its Superiority over The Classical Theory, Leontief Paradox
Unit – 4
International Trade and Factor Price, Samuelson Factor Price Equalization Theorem, The Terms of
Trade- Meaning and Various Concept of Terms of Trade, Factor Affecting Terms of Trade, Terms of
Trade and Underdeveloped countries.
 Unit – 5
Tariffs: Meaning and Types, Optimum Tariff and Welfare Effect of Tariff on Income Distribution,
The Stopler and Samuelson Theorem, Dumping, Types, Objective and Effect of Dumping, Current
Incidence of Dumping in India, Its impact on our Economy, Anti-Dumping Measures.

Recommended Books:
 Bhagwati,J.(Ed.)
(1981),Internationa lTrade,SelectedReadings ,Cambridge ,UniversityP ress,Massachusetts.
 Carbough,R.J.(1999),Internationa lEconomics ,Internationa lThompsonP ublish ing ,NewYork.
 Chacholiades ,M.(1990),Internationa lTrade:TheoryandP olicy,McGrawHill,Kogakusha,Japan.
 Dana,M.S.(2000),InternationalEconomics:Study,GuideandWorkBook ,
(5thEdition),RoutledgeP ublishers,London.
 Dunn,R.M.andJ.H.Mutti(2000),Internationa lEconomics ,Routledge,London.
Kenen,P .B.(1994),TheInterna tiona lEconomy,Cambridge ,UniversityP ress,London.
 M.A. III Semester
Paper - I Paper - IV Public Economics
Max. Marks: 40
Course Outcome:
On successful completion of this course students will be able to:
 Understand the role of the public sector in the economic arena.
 Understand the key economic issues in the analysis of public revenue, expenditure, debt and
the relationship between public and private provision of different classes of goods and
services.
 Learn the basic tools, concepts and models necessary for competence in key topics in Public
Economics
 learn a set of perspectives into the economic activities of the government sector that will
help them become enlightened participants - engaged citizens, voters, politicians, and/or
civil servants in society
Course Content:
Unit-1
Nature and Scope of Public Economics, Role of Government in Organized Society, Concepts of
Public Goods, Private Goods and Merit Goods, Theory of Maximum Social Advantage- Dalton,
Pigou and Musgrave.
Unit - 2
Public Expenditure: Wagner’s Law of Increasing State Activities, Wiseman - Peacock Hypothesis,
Principles of Public Expenditure, Effects of Public Expenditure on Distribution, Employment,
Economic Stability & Economic Development, Structure and Growth of Public Expenditure in
India.
Unit- 3
Public Revenue: Sources of Public Revenue – Tax and Non Tax Revenue, Taxable Capacity,
Theories of Incidence of Taxation- Ability to Pay Theory, Benefit theory and Cost Service Theory,
Effects of Taxation on Distribution, Effect on Employment, Effect on Economic Stability, GST in
India.
 Unit- 4
Public Debt- Meaning and Sources, Burden of Public Debt, Debt Redemption, and Effects of Public
Debt, Public Debt and Inflation, Debt Burden, Debt Management, Public Debt in India.
Unit- 5
Fiscal Federalism in India, Latest Finance Commission, Budget; Meaning and Preparation, Fiscal
Policy and its Objectives, Fiscal Deficit and Deficit Financing in india, Concepts of Financial
Inclusion.

Recommended Books:
 Atkinson, A.B. and J.E. Siglitz (1980), Lectures on Public Economics, Tata McGraw
Hill, New York.
 Auerbach, A. J. and M. Feldstern (Eds.) (1985), Handbook of Public Economics, Vol.
1. North Holland, Amsterdam.
 Buchanan, J.M. (1970), The Public Finances, Richard D. Irwin, Homewood.
 Houghton , J.M. (1970), The Public Finance : Selected Readings, Penguin,
Harmondsworth.
 Jha, R. (1998), Modern Public Economics, Routledge, London.
 Menutt , P. (1996), The Economics of Public Choice, Edward Elgar, U.K.
 Musgrave, R.A. (1959), The Theory of Public Finance, McGraw Hill, Kogakhusa,
Tokyo.
 Herber, B.P. (1967), Modern Public Finance, Richard D. Irwin, Homewood.
 Peacock, A. and G.K. Shaw (1976), The Economic Theory of Fiscal Policy, George
Allen and Unwin, London.
 Mueller, D.C. (1979), Public Choice, Cambridge University Press, Cambridge.
 Friedman, A. (1986), Welfare Economics and Social Choice Theory, Marti ns
Nijhoff , Boston.
 Peacock, A. and D. J. Robertson (Eds.) (1963), Public Expenditure : Appraisal and
Control, Oliver and Boyd, Edinburgh.
 Mundle, S. (1999), Public Finance Policy : Issues for India, Oxford University
Press, New Delhi.
 R.A.Musgrave - Theory of Public Finance
 V.C. Sinha – Public Economics
 Paper - II Industrial Economics
Max. Marks: 40
Course Outcome:
After the completion of the course successfully, a student will be able to:
 Describe and explain the process, importance and problems of the industrialization.
 Apply analytical models of industrial localization and its impact on economy.
 Develop and evaluate the impact of government regulations and industrial policies.
 Understand the various aspects related with the industrial productivity.

Course Content:
Unit I
Industrialization – Meaning And Importance, Process of Industrialization, Problem of
Industrialization, Classification of Industries, - Size based, Use based, Input based, Proprietary
based, Dangers of Heavy Industrialization.
Unit II
Industrial Combination – Definition, Advantages and Disadvantages, Forms and Types of Industrial
Combinations, Localization of Industries – Concept and Significance, Theories of Industries
Localization – Weber and Sargent Florence theory.
Unit III
Role of Government in Industrial Development, Licensing Policy, Industrial Policy – 1948 Policy,
1956 Policy and New Industrial Policy.
Unit IV
Industrial Productivity– Concept, Types, Measurement, Partial and Total Trends, Productivity
Movement in India, Rationalization – Meaning, Objectives, Aspects, Problems, Govt. Policies
towards Rationalization, Modernization in Indian Industries.
Unit V
Industrial Sickness – Definition, Extent of Industrial Sickness in Indian Industries, Causes of
Sickness, Harmful Effects of Sickness, Measures to Remove Industrial Sickness, Concentration of
Economic Power and Monopoly, Measurement to Check Monopoly, UTP And RTP Provisions,
Competition Act.

Recommended Books:
 Ahluwalia ,I.J.(1985),IndustrialGrowthinIndia ,OxfordUniversit yP ress,NewDelhi.
 Barthwal,R.R.(1985),IndustrialEconomics ,WileyEasternLtd.,NewDelhi.
 Cherunilam,F.
(1994),IndustrialEconomics:IndianP erspective(3rdEdition),HimalayaP ublishingHouse,Mumbai.
 Desai,B.(1999),Industria lEconomyinIndia(3rdEdition) ,HimalayaP ublishin gHouse,Mumbai.
 Hay,D.andD.J.Morris(1979),IndustrialEconomics:TheoryandEvidence ,OxfordUniversityP ress,N
ewDelhi.
 Kuchhal,S.C.
(1980),IndustrialEconomyofIndia(5thEdition) ,ChaitanyaP ublish in gHouse,Allahabad.
 Singh,A.andA.N.Sadhu(1988),Industria lEconomics ,HimalayaP ublish in gHouse,Mumbai.
 Bains,J.S.(1996),IndustrialOrganizat ion ,Cheltanham,U.K.
 Kelkar,V.L.andV.V.BhanojiRao(Eds.)
(1996),IndiaDevelopmentP olicyImperatives ,TataMcGrawHill,NewDelhi.
 Brahmananda,P .R.andV.R.P anchamukhi(Eds.)
(1987),TheDevelopmentP rocessoftheIndianEconomy ,HimalayaP ublishin gHouse,Mumbai.
 Chakravarty,S.
(1987),DevelopmentP lanning:TheIndianExperience ,OxfordUniversityP ress,NewDelhi.
 Datta,B.(1992),IndianP lanningattheCrossroads ,OxfordUniversityP ress,NewDelhi.
 Joshi,V.andI.M.D.Little(1999),India:MacroEconomicsandP oliticalEconomy:1964 -
1991,OxfordUniversityP re ss,NewDelhi.
 RamaMurti,R.andR.Vernan(Eds.)(1991),P rivatizationandControlofState -
ownedEnterprises ,TheWorldBank,Washingto n.
 Sandesara,J.C.(1992),IndustrialP olicyandP lanning-1947-
1991:Tendencies,InterpretationsandIssues ,SageP ublicatio ns ,IndiaP vt.Ltd.,NewDelhi.
 Sen,R.andB.Chatterjee(2001),IndianEconomy:Agendaforthe21stCentury(EssaysinhonourofP rofes
sorP .R.Brahmananda),DeepandDeepP ublicationsP vt.Ltd.,NewDelhi.
 MamoriaandMamoria(2000),DynamicsofIndustrialRelationsinIndia(15thEdition),HimalayaP ublishi
ngHouse,Mumbai.
 Paper - III Agricultural Economics (Core Elective)
Max. Marks: 40
Course Outcome:
Upon completion of the course the student will learn to:
 Demonstrate a basic knowledge of the role of agriculture in the Indian economy.
 Use concepts, approaches, and methods to understand and evaluate issues, plans, or projects
related to agricultural sector.
 Student will be familiar with issues related to the agricultural sector, natural resource
policies, and rural community development.
 Demonstrate a basic knowledge of the principles of economics and their application to
agricultural problems.
Course Content:
Unit I
Agricultural Economics – Meaning, Nature and Scope, Role of Agriculture in Indian economy,
Stages of Agricultural Development, Lewis Model and Ranis-Fei contribution.
Unit II
Optimum Combination: Problems in Agricultural Inputs (Inferences to Land, Labour and Capital),
Agricultural System and their Types, Co-operative v/s Private Agricultural Holdings, Land Reforms
in India and M.P.
Unit III
Agricultural Indebtedness, Agricultural Finance – Source, Types and Problems, Agricultural
Marketing – Types and Problems, Fluctuations in Agricultural Prices, Agricultural Price Policy,
Bhavantar and Minimum Support Price.
Unit IV
Agricultural Development in Planning Period, Technical Development in Agriculture, Dry Farming,
Green Revolution, Farm Management, Agricultural Taxation.
Unit V
Issues of Indian Agriculture in Global Perspective, Provisions regarding Agriculture in W.T.O.
Agricultural Development in Madhya Pradesh, Agricultural related problems and suggestions in
Madhya Pradesh.
Recommended Books:
 Bhaduri,A.(1984),TheEconomicStructureofBackwardAgriculture,MacmillanDelhi.
 Bilgrami,S.A.R.(1996),Agricultura lEconomics ,HimalayaP ublish ingHouse,Delhi.
 Dantwala,M.L.et.al(1991),IndianAgricultura lDevelopmentsinceIndependence ,Oxord&IB
H,NewDelhi.
 Gulati,A.andT.Kelly(1999),TradeLiberalisationandIndianAgriculture ,OxfordUniversityP r
ess,NewDelhi.
 Joshi,P .C.(1975),LandReformsinIndia:TrendsandP rospects ,AlliedP ublishers ,Bombay.
 Kahlon,A.S.andTyagiD.S.
(1983),Agricult ureP riceP olicyinIndia ,AlliedP ublishers,NewDelhi.
 Rao,C.H.Hanimantha(1975),AgriculturalGrowth,RuralP overtyandEnvironmentalDegrada
tioninIndia ,OxfordUniversit yP ress,NewDelhi.
 Rudra,A.
(1982),IndianAgricultu ra lEconomics:MythsandReality ,AlliedP ublishersNewDelhi.
 Saini,G.R.
(1979),FarmSizeResourceUseEfficiencyandincomeDistribut io n ,AlliedP ublishersNew
Delhi.
 Bardhan,P .(1984),LandLabourandRuralP overty,OxfordUniversit yP ress,NewDelhi
 Chadha,G.K.andA.N.Sharma(1997),GrowthEmploymentandP overty:ChangeandContinuity
inRuralIndia ,VikasP ublising ,NewDelhi.
 Chaudhary,P .
(1972),ReadingsinIndianAgricultura lDevelopment ,GeorgeAllen&Unwin,London.
 Dantwala,M.L.(1996),DilemmasofGrowth:TheIndianExperience ,SageP ublicat ions ,New
Delhi.
 Rural Development (Core Elective)
Max. Marks: 40
Course Outcome:
On successful completion of the course, the student will be able to:
 Understand the basic concepts and features of rural economy.
 Understand the dimensions and problems of rural India and rural Madhya Pradesh.
 Identify and analyze the institutions and various programmes related to rural economy of
Indian
 Develop a perspective on the different problems and approaches to economic planning and
development in India

Course Content
UNIT I
Nature of Rural Economy, Concept and Feature of Rural Development, Causes of Rural
Backwardness in India, Importance of Rural Development for Indian Economy, Relationship of
Rural Development with Industrial Development and Service Sector.
UNIT II
Dimensions of Rural Development: Agriculture, Irrigation, Electrification and Power Supply,
Rural Road, Health, Education, Banking in Rural Areas, Sanitation, Safe Drinking Water,
Productivity Level
UNIT III
Institution for Rural Development: National Bank For Agriculture and Rural Development
(NABARD), Pachayati Raj Institutions, Co-operative banks, Commercial Bank and Regional Rural
Banks.
UNIT IV
Various Programme for Rural Development in India: Provision of Urban Amenities in Rural
Area (PURA), Mahatma Gandhi National Rural Employment Guarantee ACT 2005
(MNREGA),PradhanMantriGraminSadakYojana(PMGSY), Rural Housing,Swarnjayanti Gram
SwarojgarYojna (SGSY), Latest provision and Changes in Union Budget for Rural Development.
UNIT V
Rural Development in Madhya Pradesh: Madhya Pradesh Rural Livelihood Project, Madhya
Pradesh Rural Road Development Authority, Mahatma Gandhi State Institute of Rural
Development, Causes of Rural Backwardness in Madhya Pradesh, Other Initiative for Rural
Development in Madhya Pradesh.
Recommended Books:

 “Rural Development: Principles, Policies and Management”- Katar Singh, SAGE

publication, 2009.
 “Rural development: putting the last first”. R. Chambers, Harlow: Prentice Hall, (1983)
 “Rural Development of India”, V. Desai, Himalaya Publishing House, 2010
 “Rural Development”, SatyaSundaram, Himalaya Publishing House 2009
 Paper – IV Environmental Economics (Open Elective)
Max. Marks: 40
Course Outcome:
On successful completion of this course students will:
1. Have a detailed understanding of the discipline of environmental economics, including its
key principles and methods.
2. Be able to use economic techniques to analyze environmental problems and to assess
environmental policies.
3. Have developed research skills in the field of environmental economics.
4. Recognize the role of economic activity in environmental damage.
5. Understand how economics may hold many of the answers necessary to redress serious
environmental damage.
Course Content:
Unit I
Meaning of Environmental Economics, Inter-linkages between Economics, Environment and
Ecology, Environment Quality as a Public Good, National Income Accounting and environment,
Environmental Problems of Economy.
Unit II
Economics of Pollution, Impact of Water Pollution and Air Pollution on Economy, Sustainable
Industrialization, Sustainable Development.
Unit III
Social Cost Benefit Analysis- Methods, Applications and Limitations, Environment Impact Analysis
(FIA), Environment Impact Statement (EIS), Environment Auditing (EA).
Unit IV
Global Environmental Problems – Global Warming, Acid Rains, Deforestation, Impact of Climate
Change on Economy, Earth Summits.
Unit V
Constitutional Rights and Duties regarding Environment, Salient features of National Environment
Policy 2006, The Environment (Protection) Act 1986.
Recommended Books:
 Baumol, W.J. and W.E. Oates (1988), The Theory of Environmental Policy, (2nd
Edition), Cambridge University Press, Cambridge.
 Hanley, N., J.F. Shogern and B. White (1997), Environmental Economics in
Theory and Practice, Macmillan.
 Hussen, A.M. (1999), Principles of Environmental Economics, Routledge London.
 Klostad, C.D. (1999), Environmental Economics, Oxford University Press, New
Delhi.
 Pearce, D.W. and R. Turner (1991), Economics of Natural Resource Use and
Environment, John Hopkins University Press, Baltimore.
 Tietenberg, T. (1994), Environmental Economics and Policy, Harper Collins, New
York.
 Crones, R. and T. Sandler (1989), The Theory Externalities and Public Goods,
Cambridge University Press, Cambridge.
 Mitchell, R.C. and R.T. Carson (1993), Using Surveys to Value Public Goods :
Resources for the Future, Washington, D.C.
 Smith, V. Kerry (1996), Estimating Economic Values for Nature : Methods for
Non-market Valuation, Edward Elgar, Cheltenham, U.K.
 Markandya, A. and M.N. Murty (2000), Cleaning up the Ganges : Cost-Benefit
Analysis of Ganga Action Plan, Oxford University Press, New Delhi.
 Hoel, M. (1997), International Coordination of Environmental Policies in New
Dimensions in the Economic Theory of Environment, Carrao Carlo and
DomenicoSiniscalco (Eds.), Cambridge University Press, Cambridge.
 Mehata, S., S. Mundle and U. Sankar (1995), Controlling Pollution : Incentives
and Regulation, SAGE, New Delhi.
 Dasgupta, P.S. and G.M. Heal (1985), Economic Theory and Exhaustible
Resources, Cambridge University Press, Cambridge Mass.
 Markandya, A. and J. Richardson (Eds.), The Earth Scan Reader in Environmental
Economics, Earth Scan, London.
 Bhattacharya, R.N. (Ed.) (2001), Environmental Economics : An Indian
Perspective, Oxford University Press, New Delhi.
 Chopra, K. and S.C. Gulati (2000), Migration and the Management of Common
Property Resources : A Study in Western India, Sage, New Delhi.
 M.A. IV Semester
Paper - I Indian Economy: Structure, Problems and Policy
Max. Marks: 40
Course Outcome:
On successful completion of the course, the student will be able to:
 Understand the basic structure of Indian economy
 Understand the problems and measures in their contextual perspective
 Identify and analyse current issues related to Indian economy
 Develop a perspective on the different problems and approaches to economic planning and
development in India
Course Content:
UNIT I
Basic Economic Indicators, Sectors of Indian Economy- Primary, Secondary and Tertiary,
Demographic Trends and Population Policy, National Income.
UNIT II
Agriculture- Cropping Pattern, Productivity, Mechanization and Green Revolution Agriculture
Pricing, Problem of Indian Agriculture.
UNIT III
Economic Development- Definition, Indicator of Economic Development, Five Year Planning in
India- Strategy, Failures and Achievements of Economics Planning in Indian, 12 th Five Year Plan,
NITI Aayog – Constitution, Functions and Role in Indian Economy.
UNIT IV
Industrial policy; Public Sector enterprises and their performance; Problem of sick units in India;
Privatisation and disinvestment debate; Growth and pattern of industrialisation; Small-scale sector;
Productivity in industrial sector; Exit policy - issues in labour market reforms; Approaches for
employment generation
UNIT V
Trends in Revenue and Expenditure of Central Government in India, Analysis of Latest Union
Budget, Problem of Rising Prices, Poverty and Unemployment.

.
Recommended Books:
 Ahluwalia,I.J.andI.M.D.Little(Eds.)(1999),India's
EconomicReformsandDevelopment(EssayinhonourofManmohanSing),OxfordUniversit yP re
ss,NewDelhi.
 Bardhan,P .K.(9thEdition)
(1999),TheP olitic alEconomyofDevelopmentinIndia ,OxfordUniversityP ress,NewDelhi.
 Bawa,R.S.andP .S.Raikhy(Ed.)
(1997),StructuralChangesinIndianEconomy,GuruNanakDeveUniversityP ress,Amritsar.
 Brahmananda,P .R.andV.R.P anchmukhi(Eds.)
(2001),DevelopmentExperienceintheIndianEconomy:Inter -
StateP erspectives ,Bookwell,Delhi.
 Paper - II Indian Foreign Trade and International Institutions
Max. Marks: 40
Course Outcome:
Upon successful completion of the course a student will be able to:
 Understanding the adjustment mechanism and the determinants of exchange rates and
the balance of payments.
 Use models of trade to demonstrate the gains from exchange as well as the effects on
income distribution within countries due to trade with foreign nations.
 Analyze current issues and policies using the concepts of international trade theory.
 Understand the role key international institutions play in affecting trade flows across the
world.
Course Content:
Unit I
Foreign Trade and Economic Development, Meaning and Components of Balance of Payments,
Equilibrium and Disequilibrium of Balance of Payment, Factors Causing Disequilibrium in Balance
of Payment, Technical Progress and International Trade.

UNIT II
Adjustment Mechanism of Balance of Payment under Gold Standards, under Flexible Exchange
Rate (Price Effect), Under Elasticity approach, Marshall Lerner Condition under Capital Movement
and Direct Control for Adjustment, Foreign Trade Multiplier and Determination of Income.

UNIT III
Concept of Foreign Exchange Rate: Determination of Equilibrium Exchange Rate, Theories of
Exchange Rate Determination- The Purchasing Power Parity Theory and The Balance of Payment
Theory, Factor Causing Changes in Exchange Rate, Relative Merits and Demerits of Fixed and
Flexible Rate, Convertibility of Currency
 UNIT IV
Exchange Control: Meaning, Features, Objectives and Methods of Exchange Control, Devaluation-
Devaluation of Indian Rupee and its Impact on Our Economy, Free Trade vs. Protection, Cases for
and against.
UNIT V
World Trade Organization: Functions, Structure, Objectives and Working of WTO, India and
WTO,Trade Blocks: EU, NAFTA, ASEAN; International Monetary Fund (IMF) Origin, Objectives
and Functions, India & IMF, World Bank, Trade and BOP in India; Major Problem of Indian Export
Sector

Recommended Books:
 Bhole, L.M. (1999), Financial Institutions and Markets, Tata McGraw Hill
Company Ltd., New Delhi.
 Bhole, L.M. (2000), Indian Financial System, Chugh Publications, Allahabad.
 Edminster, R.O. (1986), Financial Institutions, Markets and Management, McGraw
Hill, New York.
 Hanson, J.A. and S. kathuria (Eds.) (1999),India : A Financial Sector for the
Twenty-first Century, Oxford University Press, New Delhi.
 Johnson, H.J. (1993), Financial Institutions and Markets, McGraw Hill, New York.
 Bishop, P. and D. Dixon (1992), Foreign Exchange Handbook, McGraw Hill, New
York.
 Machiraju, H.R. (1997), International Financial Markets in India, Wheeler
Publishing, Allahabad.
 Bhagwati,J.(Ed.)
(1981),Internationa lTrade,SelectedReadings ,Cambridge ,UniversityP ress,Massac husetts.
 Carbough,R.J.
(1999),Internationa lEconomics ,Internationa lThompsonP ublish ing ,NewYork.
 Chacholiades ,M.
(1990),Internationa lTrade:TheoryandP olicy,Mc GrawHill,Kogakusha,Japan.
 Dana,M.S.(2000),InternationalEconomics:Study,GuideandWorkBook ,
(5thEdition),RoutledgeP ublishers,London.
 Dunn,R.M.andJ.H.Mutti(2000),Internationa lEconomics ,Routledge,London.
 Kenen,P .B.(1994),TheInterna tiona lEconomy,Cambridge ,UniversityP ress,London.
 Paper - III Financial Institutions and Markets (Core Elective)
Max. Marks: 40
Course Outcome:
By the end of this course students will be able to:
 Understand how financial markets and institutions operate and their roles in
the financial system and the ways they interact with each other.
 Identify and explain the main functions of the principal financial markets, institutions and
regulatory bodies in a typical modern financial system.
 Explain and discuss the empirical foundations upon which practices in financial institutions
and markets are based and the factors that influence decision making within these contexts.

Course Content:

UNIT I
Introduction to Financial Market-Evolution of the Financial Market, Segment of Financial
Market, Types of Financial Products, Stages in the Development of Financial Products,Role of
Financial Markets.

UNIT II
Money Market- Definition of Money Market, Characteristics and Function, Money Market
Instruments and Factors Affecting its Growth, Development of Money Market in India, Role of RBI
in the Development of Money Market.

UNIT III
Capital Market -Definition of Capital Market, Characteristics and Functions, Capital Market
Instruments, Primary and Secondary Market, Role of SEBI in Regulation of the Capital Market,
Reforms in the Capital Market.
UNIT IV
Non-Banking Finance Companies- Meaning and Features of Non- Banking Finance Companies,
Types of Non-Banking Finance Companies, Services Provide by NBFCs, Regulation of NBFC
companies Growth of NBFC in India.
 UNIT V
Technology and Financial Market- Technological Developments in Financial Market, Impact of
Technology on the Financial Market, Online Trading Clearing and Settlement System, Technology
and Payment System, Role of E- Commerce in the Development of Financial Market, Introduction
and Structure of Foreign Exchange Market.

Recommended Books:
 Bhole, L.M. (1999), Financial Institutions and Markets, Tata McGraw Hill
Company Ltd., New Delhi.
 Bhole, L.M. (2000), Indian Financial System, Chugh Publications, Allahabad.
 Edminster, R.O. (1986), Financial Institutions, Markets and Management, McGraw
Hill, New York.
 Goldsmith, R.W. (1969), Financial Structure and Development, Yale, London.
 Hanson, J.A. and S. kathuria (Eds.) (1999),India : A Financial Sector for the
Twenty-first Century, Oxford University Press, New Delhi.
 Johnson, H.J. (1993), Financial Institutions and Markets, McGraw Hill, New York.
 Khan, M.Y. (1996), Indian Financial System, Tata McGraw Hill, New Delhi.
 Machiraju, M.R. (1999), Indian Financial Systems, Vikas Publishing House, New
Delhi.
 Prasad, K.N. (2001), Development of India's Financial System, Sarup& Sons, New
Delhi.
 Bishop, P. and D. Dixon (1992), Foreign Exchange Handbook, McGraw Hill, New
York.
 Chandra, P. (1997), Financial Markets, (4th Edition), Tata McGraw Hill, New
Delhi.
 Farrell, J.L. (1997), Portfolio Management, (2nd Edition), McGraw Hill, New
York.
 Machiraju, H.R. (1997), International Financial Markets in India, Wheeler
Publishing, Allahabad.
 Rangaranjan, C. (1999), Indian Economics : Essays on Money and Finance, UBS
Publication, New Delhi.
 Verma, J.S. (1989), A manual of Merchant Banking, Bharat Law House, New
Delhi.
 Paper – III Labour Economics (Core Elective)
Max. Marks: 40
Course Outcome:
Upon successful completion of the course a student will be able to:
 Explain labor market trends using data about the labor market and labor supply for an
individual and society.
 Augment neoclassical labor supply with the theory of allocation of time.
 Explain labor demand for firms operating in competitive and monopolistic markets using
marginal productivity theory.
 Understand wage and employment in various forms of competition.
 The ability to design and critically evaluate economic policies which seek to address
problems in the labour market.

Course Content:
UNIT I
Nature and characteristics of labour markets in developing countries like India; Paradigms of labour
market analysis - Classical, neo-classical and dualistic economy; Demand for labour in relation to
size and pattern of investment.
UNIT II
Choice of technologies and labour policies; Supply of labour in relation to growth of labour force;
Labour market policies; Mobility and productivity of labour; Rationalization; Methods of
recruitment and placement; Employment service organization in India.

UNIT III
Employment and development relationship - Poverty and unemployment in developing countries;
Unemployment - Concept, Types, and Measurement, particularly in India

UNIT IV
Impact of rationalization, technological change and modernization on employment in organized
private industry, Public sector and employment in agricultural sector; Analysis of educated
unemployment; Employment policy in Five Year Plans and its evaluation.
 UNIT V
Classical, neo-classical and bargaining theories of wage determination; Concepts of minimum
wage, living wage and fair wage in theory and practice; Discrimination in labour markets; Wage
determination in various sectors - rural, urban, organized, unorganized and in informal sectors;
Non-wage component of labour remuneration;

Recommended Books:
 Datt,G. (1996), Bargaining Power, Wages and Employment : An Analysis of
Agricultural Labour Markets in India, Sage Publications, New Delhi.
 Hajela, P.D. (1998), Labour Restructuring in India : A Critique of the New
Economic Policies, Commonwealth Publishers, New Delhi.
 Jhabvata, R. and R.K. Subrahmanya (Eds.) (2000), The UnorganisedSector : Work
Security and Social Protection, Sage Publications, New Delhi.
 McConnell, C.R. and S.L. Brue (1986), Contemporary Labour Economics,
McGraw-Hill, New York.
 Papola, T.S., P.P. Ghosh and A.N. Sharma (Eds.) (1993), Labour, Employment and
Industrial Relations in India, B.R. Publishing Corporation, New Delhi.
 Rosenberg M.R. (1988), Labour Markets in Low Income Countries in Chenery,
H.B. and T.N. Srinivasan, (Eds.) The Handbook of Development Economics,
North-Holland, New York.
 VenkataRatnam, C.S. (2001), Globalization and Labour-Management Relations :
Dynamics of Change, Sage Publications/Response Books, New Delhi.
 Papola, T.S. and Rodgers, G. (Eds.) (1992), Labour Institutions and Economic
Development in India, International Institute for Labour Studies, Geneva.
 Solow, R.M. (1990), Labour Market as an Institution, Blackwell, London.
 Deshpandey, L.K., P.R.Brahmananda, E.A.G. Robinson, (Eds.) (1983) Employment
Policy in a Developing Economy, Vol. I & II Macmillan, London.
 Papola, T.S. and Sharma, A.N. (Eds.) (1999), Gender and Employment in India,
Vikas Publishing House, New Delhi.
 Sharma, A.N.and A. Kundu (Ed.) (2001), Informal Sector in India : Emerging
Perspectives, Institute for Human Development, New Delhi.
 Paper – IV Economics of Gender and Development (Open Elective)
Max. Marks: 40
Course Outcome:

On successful completion of this course, students will be able to:

 Evaluate sources of socio-economic and demographic information for analysing the impact
of the gender factor on demographic processes and economic development.
 Become familiar with theoretical concepts in the area of gender economics.
 Become familiar with the methodology of gender analysis in economic sciences and
research gender analysis indicators.
 Acquire the skills to conduct gender review of socio-economic and demographic
development policies, programmes and strategies.
 Students will obtain a level of proficiency in the discipline of Gender and Women’s Studies.

Course Content:
UNIT I
Importance and concepts of women studies, Demography of female population: Age structure,
mortality rates, and sex ratio - Causes of declining sex ratios and fertility rates in developing
countries particularly in India.
UNIT II
Women and their access to nutrition, health, education, and social and community resources, and
their impact on female mortality and fertility, economic status and female work participation rate
in India.
UNIT III
Factors affecting decision making by women, property rights, access to and control over economic
resources, assets; Power of decision making at household, community level, women education in
developing countries and India.
UNIT IV
Concept and analysis of women's work: Valuation of productive and unproductive work; visible and
invisible work; paid and unpaid work; economically productive and socially productive work -
Economic status, private property, and participation of women in pre-industrial and industrial
societies-Female contribution to National Income.
 UNIT V
Factors affecting female entry in labour market, Studies of female work participation in agriculture,
non-agricultural rural activities, informal sector, cottage and small-scale industries, organized
industry, and services sector, Wage differentials in female activities, Determinants of wage
differentials, gender, education, skill, productivity, efficiency, opportunity, Structures of wages
across regions and economic sectors.

Recommended Books:
 Agnihotri, S.B. (2000), Sex ratio in Indian Population : A Fresh Exploration, Sage
Publications, New Delhi.
 Agrawal, B. (1994), A Field of One's Own : Gender and Land Rights in South
Asia, Cambridge University Press, Cambridge.
 Ahmed, I. (Ed.) (1985), Technology and Rural Women : Conceptual and Empirical
Issues, George Allen &Unwin, London.
 Amsden, A.H. (Endavours.) (1980), The Economics of Women and Work, Penguin,
Harmondsworth.
 Baud, I.S.A. (1992), Forms of Production and Women's Labour : Gender Aspects
of Industrialization in India and Mexico, Sage Publications, New Delhi.
 Buvinic, M. and M.A.Lycette (1989), 'Women, Poverty and Development in the
Third World;, in Lewis J.P. (Ed.) Strengthening the Poor : What Have We Learnt,
OECD.
 Gupta, J.A. (2002), New Reproductive Technologies, Women's Health and
Autonomy, Indo Dutch Studies on Development Alternatives, Sage Publications,
New Delhi.
 Kabeer, N. and R. Subrahmanyam (Ed.) (1999), Institutions, Relations and
Outcomes : A Framework and Case Studies for Gender- aware Planning, Kali for
Women, New Delhi.
 Krishnaraj, M., R.M. Sudarshan and A. Sahriff (1999), Gender, Population and
Development, Oxford University Press, New Delhi.
 Mies, M. (1986/1998), Patriarchy and Accumulation on a World Scale : Women in
the International Division of Labour, Zed books, London.
 Mitra, A. (1979), Implications of Declining Sex Ratio in India's Population,
Allied, New Delhi.
 Narasimhan, S. (1999), Empowering Women : An Alternative Strategy from Rural
India, Sage Publications, New Delhi.
 Papola, T.S. and A.N.Sharma (Eds.) (1999), Gender and Employment in India,
Vikas Publishing House, New Delhi.
 Purushothaman, S. (1998), The Empowerment of Women in India : Grassroots
Women's Networks and the State, Sage Publications, New Delhi.
 Redcliff, N. &E.Mingione, (Eds.) (1985), Beyond Employment: Household,
Gender and Subsistence, Basil Blackwell, Oxford.
 Sen, A.K. (1990), 'Gender and Cooperative Conflicts' in Tinker (Ed.) Persistent
Inequalities : Women and World Development, Oxford University Press, New
York.
 Seth, M.(2000), Women and Development :The Indian Experience, Sage
Publications, New Delhi.
 Srinivasan, K. (1998), Basic Demographic Techniques and Applications, Sage
Publications, New Delhi.
 Venkateswaran, S. (1995), Environment, Development and the Gender Gap, Sage
Publications, New Delhi.
 Wazir, R. (2000), The Gender Gap in Basic Education : NGOs as Change Agents,
Sage Publications, New Delhi.