CBCS Syllabus PG Economics (From 2022)

DEPARTMENT OF ECONOMICS
K.U. NAINITAL
P.G. – SEMESTER SYLLABUS [CBCS] [w.e.f July 2022]
SEMESTER FIRST
Core Course Micro Economics – I 4 credits Paper Code:ECO/MA/01
Core Course Public Finance – I 4 credits Paper Code:ECO/MA/02
Core Course International Economics – I 4 credits Paper Code:ECO/MA/03
Core Course History of Economic Thought 4 credits Paper Code:ECO/MA/04
Core Course Quantitative Techniques in Economics 4 credits Paper Code:ECO/MA/05
Total 20 Credits
SEMESTER SECOND
Core Course Micro Economics – II 4 credits Paper Code:ECO/MA/06
Core Course Public Finance – II 4 credits Paper Code:ECO/MA/07
Core Course International Economics – II 4 credits Paper Code:ECO/MA/08
Core Course Indian Economic Development & Policy 4 credits Paper Code:ECO/MA/09
Core Course Research Methodology 4 credits Paper Code:ECO/MA/10
Total 20 Credits
SEMESTER THIRD
Core Paper Macro Economics – I 4credits Paper Code:ECO/MA/11
Core Paper Economics of Growth & Development 4credits Paper Code:ECO/MA/12
Core Paper Dissertation 2credits Paper Code:ECO/MA/13
(Elective Paper - Select any Two)
Elective Paper Labour Economics 4 credits Paper Code:ECO/MA/14
Elective Paper Advanced Statistics 4 credits Paper Code:ECO/MA/15
Elective Paper Agriculture Economics 4 credits Paper Code:ECO/MA/16
(Open Elective Paper)
OpenElective Indian Economy 2 Credits Paper Code:ECO/MA/17
Paper
Total Credits 10+8+2=20
Credits
K.U. NAINITAL
SEMESTER FOURTH
Core Paper Macro Economics – II 4credits Paper Code:ECO/MA/18
Core Paper Viva Voce 2credits Paper Code:ECO/MA/19
(Elective Paper - Select any Three)

Elective Paper Industrial Economics 4 credits Paper Code:ECO/MA/20
Elective Paper Financial Institutions and Markets 4 credits Paper Code:ECO/MA/21
Elective Paper Demography 4 credits Paper Code:ECO/MA/22
Elective Paper Economic Systems 4 credits Paper Code: ECO/MA/23
(Open Elective Paper)
OpenElective Economy of Uttarakhand 2 Credits Paper Code:ECO/MA/24
Paper
Total Credits 6+12+2=20
Credits
Outline of Choice Based Credit System:

1. Core Paper: A course, which should compulsorily be studied by a candidate as a core requirement is
termed as a Core course.
2. Elective Paper: Generally a course which can be chosen from a pool of courses and which may be very
specific or specialized or advanced or supportive to the discipline/ subject of study or which provides an
extended scope or which enables an exposure to some other discipline/subject/domain or nurtures the
candidate’s proficiency/skill is called an Elective Course.
3. Open Elective Paper : In this section one paper is introduced as an open elective paper in Semester 3
& 4.
4. Dissertation/Project: This is designed to acquire special/advanced knowledge, such as supplement

study/support study to a project work, and a candidate studies such a course on his own with an
advisory support by a teacher/faculty member is called dissertation/project. This is compulsory core
paper for all students in Semester 3.
5. Viva Voce: Viva Voce is compulsory in Semester 4 for each student as Core Paper.
K.U. NAINITAL
[C.B.C.S.]
SEMESTER – I
[ CORE PAPER ]
 ADVANCED MICRO ECONOMICS-I

 PUBLIC FINANCE - I
 INTERNATIONAL ECONOMICS –I
 HISTORY OF ECONOMIC THOUGHT
 QUANTITATIVE TECHNIQUES IN ECONOMICS
K.U. NAINITAL
[ SEMESTER – 1]
Paper : ECO/MA/01
ADVANCED MICRO ECONOMICS-I
The Concept of Equilibrium; Economic Model- Nature, Uses and Limitations ; Economic Static
Analysis, Comparative Statics, Economic Dynamics.
Consumer Behaviour-Cardinal Utility Analysis; Indifference Curve Analysis; Revealed Preference

Analysis; Elasticity of Demand; Consumer’s Surplus; Attribute Theory of Demand; Consumer
Behaviour Under Uncertainty.
Theory of Production - Returns to a Variable Factor; Isoquant Analysis, Production Function

with Two Variable Inputs; Returns to Scale; Cobb-Douglas, CES Production Function; Theory of
cost in short and long Period.
The Firm – Classification of Market Structure, Concept of Revenue Curves under Perfect
Competition, Monopoly & Imperfect Competition; Profit Maximization Hypothesis, Sales
Maximization Hypothesis; Satisfying Behaviour, Staff Maximization, Growth Maximization.
Condition for Equilibrium of the Firm.
General Equilibrium-Walrasian Analysis, Edgeworth Box diagram Analysis, Contract curve and
Product Transformation curve.
Recommended Reading ( Latest Editions) :
 Ahuja, H.L., Advanced Economic Theory, S. Chand & Co., New Delhi.
 Koutsoyiannis , A., Modern Microeconomics, Macmillan, London.
 RoyChoudhary, K., Modern Micro Economics, Theory and Application, Vols. I, II & III, Dominant
Publishers and Distributors, New Delhi.
 Lipsey , R.G., Introduction to Positive Economics, ELBS, London.
 Baumol, W., Economic Theory and Operations Analysis, Prentice Hall of India, New Delhi.
 Weintraub, E.R., General Equilibrium Theory, Macmillan, London.
 Da Costa, G.C., Production , Prices and Distribution, Tata McGraw Hill, New Delhi.
 Henderson, J.M.andR.E.Quandt, Microeconomic Theory: A Mathematical Analysis, McGraw Hill, Singapore.
 Mishan, E.J., Welfare Economics: An Assessment, North Holland, Amsterdam.
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K.U. NAINITAL
Paper : ECO/MA/02
[ SEMESTER – 1]
PUBLIC FINANCE
Meaning, Scope & importance of Public finance, The principle of Maximum Social Advantage,
View of Mrs. Hicks : Production Optimum, Utility Optimum, Major Fiscal Functions, Public
goods, Private goods & Merit goods and Externalities. Functional and Activating finance.
Public Expenditure : Wagner’s law of Increasing State Activities; Wiseman- Peacock’s

Hypothesis; Principles of public expenditure, Reason for an increasing in Public Expenditure.
Evaluation of Public Expenditure.
Public Revenue :Financing of the Fiscal Economy : Structure of Government Income. Principles
of Taxation. Incidences of taxation, Impact, Effects and shifting of a Tax, Direct Vs Indirect
Taxes, Incidence under Perfect Competition, Monopoly, Income Tax (individual and
corporation), wealth tax, Death Duty, Law of returns. Taxable Capacity.
Public Debt : Source, Composition and Ownership of Public Debt. Objectives of Public Debt,
Debt Vs Tax, Debt Burden, Effects of Public Debt, Types of Public Debt, Repayment and Debt
Management.

 Musgrave, R.A. and Musgrave P.B., Public Finance in Theory and Practice, McGraw Hill,
New York.
 Prest, A.R. and Barr, N.A., Public Finance in Theory and Practice, ELBS, London..
 Buchanan, J.M., Public Finance, Irwin, New Y.
 Prest, A. R., Public Finance in Under-developed Countries, Vikas, New Delhi.
 5.Buchanan, J.M., Public Principles of Public Debt, Irwin, Homewood. Ill., USA. .
 6.Singh, S. K., Public Finance in Theory and Practice, S. Chand, New Delhi.
 Bhatia, H.L., Public Finance, Vikas Publishing House, New Del
 Herber, B.P., Modern Public Finance, AITBS, New Delhi.
 Reserve Bank of India, Monthly Bulletins.
 Budget Papers of the Government of India.
Paper : ECO/MA/03
K.U. NAINITAL
[ SEMESTER – 1]
INTERNATIONAL ECONOMICS - I
The Theories of International Trade: classical theory with relaxed assumptions. Haberler’s
theory , The Heckscher-Ohlin Theory. Extension of Heckscher-Ohlin Theorem. . Factor Price
Equalization Theorem. Leontief Paradox, The Rybcznyski theorem, Linder”s Representative
Demand Hypothesis. Consumption Pattern.
Gains from Trade, and Terms of Trade- Reciprocal Demand and Supply Curves,Concepts of
Terms of Trade their Uses and Limitations, Hypothesis of Secular Deterioration of Terms of
Trade. Trade as an engine of Growth Shifts in Demand : . Economic Growth and International
Trade: The Concept ofImmiserizing Growth. . Welfare Implications, Policy issues.
Trade Policy-Free Trade and Protectionism Methods of Trade Interventions:- Tariffs, Import
Quota and Non-Tariff Barriers, Optimum and Effective tariff rates. Economic Effects of Tariffs
and Non-tariff Barriers. Theory of custom Union, Trade under Imperfect Competition.
International Economic Integration, GATT/Globalization and New International Economic order
under WTO, Functions and Objectives of WTO.

 Sodersten, Bo., International Economics, MacMillan, London.
 Salvatore, D., International Economics, John Wiley, NewYork.
 Krugman, P.R., International Economics, Add Wesley Longman, Delhi.
 Mannur, H.G., International Economics, Vikas Publishing House, New Delhi.
 Bhatia, H.L., International Economics, Vikas Publishing House, New Delhi.
 Meier G. M., Leading Issues in Economic Development, OUP, Mumbai.
 Caves, R.E., et.al., World Trade and Payments, Harper Collins, U.
 Chacholiades, M., International Trade Theory and Policy, McGraw Hill, New York.
 Pearce, I.J., International Trade, Vols. I & II, Macmillan, London.
 Bhagwati, J. and T.N. Srinivasan, Lectures on International Trade, MIT Press, Cambr
 Bhagwati, J., ed., International Economics, OUP, New D.
 Rana K.C. and K.N. Verma, International Economics, Vishal Publishing Co., Jalandhar.
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 Jajal R.S. & Bisht, N.S., Emerging Dimensions of Global Trade.
 Jalal R.S., Trade Policy and Global Participation : Indian Experience, Swaroop & Sons, New Delhi.
K.U. NAINITAL
Paper : ECO/MA/04
[ SEMESTER – 1]
HISTORY OF ECONOMIC THOUGHT

Economic Thought : Nature and Significance, Mercantilism, Physiocracy.
Classical & Neo Classical Economic Thought : Adam Smith, Thomas Robert Malthus, David
Ricardo, John Stuart Mill, Marshal, Keynes.
Socialistic Economic Thought : Jean Charles Leonard Sismondi, St. Siman, Robert Owen, Karl
Marx.
Nationalist & Historical Thought: Fredrick List, Adolf Wagner, Max Waber.
Indian Economic Thought :Dada Bhai Nouroji, M.G. Ranade, M.K. Gandhi, J.K. Mehta, Amartya
Sen.

 Schumpeter, J.A.: A History of Economic Analysis.
 Stigler, G.J. : Essays in the History of Economics.
 Dobb, Maurice : Theories of Value and Distribution since Adam Smith.
 Obrien: Classical Theory of Value and Distribution.
 Gide and Rist : History of Economic doctrines. (fgUnh :ikUrj)
 Meek, R.L. : Physiocracy.
 Meek R.L. : The Labour Theory of Value.
 Ricordo, David : Principles of Political Economy and Taxation Edited by P. Sraffa.
 Smith, A. : Wealth of Nations, Book I, Chap. I to X.
 Blaug, Mark : Economic Theory in Retrospect.
 Stigler, G.J. : Production and Distribution Theories.
 Roll, Eric : History of Economic Thought.
 Haney: History of Economic Thought.
 Sheshadri, G.B.: Economic Doctrines.
 Ganguli, B.N. : Indian Economic Thought: A 19th Century Perspective.
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K.U. NAINITAL
Paper : ECO/MA/05
[ SEMESTER – 1]
QUANTITATIVE TECHNIQUES IN ECONOMICS

Note. Elementary mathematical and statistical concepts with illustrations with the help of
graphic and equations wherever possible. Proof of theorems is not expected.(Simple
Calculator without mathematical and statistical functions is allowed but candidates shall
have to arrange the calculator at their own)
Quantitative Techniques in Modern Economics: Scope, importance and limitations. Theory of

Numbers. Equations and their Solutions. Various Types of Functions. Elementary Set Theory.
Differentiation of Functions of two or more Variables:Main Basic Rules of differentiation,

Methods of differentiation. Partial Differentiation. Maxima and Minima.Elementary
Integration, Definite Integration, Application of Differentiation & Integration in Economics.
Matrices: Definition, Types and Matrix Operations, Law (Commutative, Associative and
Distributive Laws). Transpose, Adjoint and Inverse Matrix. Determinants:Properties and their
expansion. Cramer’s Rule. Application of Matrix Operations in Economics.
Probability: Meaning& Definition, Addition and Multiplication Theorem. Conditional

Probability. Bernoulli’s Theorem.
Elementary Linear Programming:Objectives, Basic Assumptions& Advantages. Graphical

Methods of solving Linear Programming Problems.
Recommended Reading (Latest Editions) :
 Bose, D., An Introduction to Mathematical Economics, Himalaya Publishing House, New Delhi.
 Yamane, T., Mathematics for Economists- An Elementary Survey, Prentice Hall of India, New
Delhi.
 Allen, R.G.D., Mathematical Analysis for Economists, A.I.T.B.S., Publishers and Distributors,
Delhi.
 Chiang, A.C., Fundamental Methods of Mathematical Economics, McGraw Hill.
 Monga, G.S., Mathematics and Statistics for Economists, Vikas Publishing House, New Delhi.
 Gupta, S.P., Statistical Methods, Sultan Chand, New Delhi.
 Agrawal, D.R., Quantitative Methods, Vrinda Publications, Delhi.
K.U. NAINITAL
Hindi Books
 Gupta, K.L., ParimanatmakTakniken, NavyugSahitySadan, Agra.
 Aggarwal, D.R., PrarambhikGanitiyArthshastra, Vrinda Publication, New Delhi.
 Gupta, K.L., Ravikan Agarwal & Praveen Jain, Arthastastra Ki
AadharbhootParimanatmakVidhiyan, Navneet Prakashan, Agra.
 Gupta, K.L. & S.K. Gupta, UcchtarSankhiyiki, Navneet Prakashan, Agra.
 Singh, S.P., SankhiyikiKeMoolTatva, S. Chand, New Delhi.
 Gupta, S.P., SankhyikiKe Siddhant, New Delhi.
 Lohani, Jitendra Kumar &Padam S. Bisht, Arthashastra Mein GanitiyEvmSankhikiyaVidhiyan,
Kunal Books, New Delhi.
K.U. NAINITAL
[C.B.C.S.]
SEMESTER – II
[ CORE PAPER]
 ADVANCED MICRO ECONOMICS-I I

 PUBLIC FINANCE - II
 INTERNATIONAL ECONOMICS -II
 INDIAN ECONOMIC DEVELOPMENT & POLICY
 RESEARCH METHODOLOGY
K.U. NAINITAL
Paper : ECO/MA/06
[ SEMESTER – 2]
ADVANCEDMICRO ECONOMICS-II
Market and Product Pricing- Perfect Competition, Monopoly- Price Discrimination; Degree of
Monopoly Power; Bilateral Monopoly; Monopolistic Competition-Equilibrium, Excess Capacity
Under Imperfect Competition; Selling Costs and Advertisement; ; Non Collusive and Collusive
Models of Oligopoly; Average Cost Pricing Theory; Sales Maximization Model.
Factor Pricing and Distribution- Marginal Productivity Theory-Controversy and Critical

evalution, Product Exhaustion Problem – Wicksteed’s, (Wicksell, Walrus and Baron’) Solutions ;
Pricing of Factors in Competitive and Imperfectly Competitive Markets; Collective Bargaining
and Wages; Demand and Supply of labour , Wage Determination; Theories of Rent, interest
and Profits.
Welfare Economics- Pigouvian Welfare Economics,; Pareto Optimality condition; value

Judgement, Compensation Principle; Grand Utility Possibility Frontier and Welfare
Maximization; Social Welfare Function.
 Ahuja, H.L., Advanced Economic Theory, S. Chand & Co., New Delhi.
 Koutsoyiannis , A., Modern Microeconomics, Macmillan, London.
 RoyChoudhary, K., Modern Micro Economics, Theory and Application, Vols. I, II & III, Dominant
Publishers and Distributors, New Delhi.
 Lipsey , R.G., Introduction to Positive Economics, ELBS, London.
 Baumol, W., Economic Theory and Operations Analysis, Prentice Hall of India, New Delhi.
 Weintraub, E.R., General Equilibrium Theory, Macmillan, London.
 Da Costa, G.C., Production , Prices and Distribution, Tata McGraw Hill, New Delhi.
 Henderson, J.M.andR.E.Quandt, Microeconomic Theory: A Mathematical Analysis, McGraw Hill, Singapore.
 Mishan, E.J., Welfare Economics: An Assessment, North Holland, Amsterdam.
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K.U. NAINITAL
Paper : ECO/MA/07
[ SEMESTER – 2]
PUBLIC FINANCE-II
Fiscal Policy : Meaning, short and long respective, Objectives of Fiscal Policy in a Developing
Economy, Full employment and Fiscal policy, Items of development finance programmes.
Fiscal Federalism : Basic principles of multi level finance, Fiscal federalism in India –
constitutional division of income, constitutional provision for Finance Commissions, Division of
resources and grant, Transfer of resources from Union to states.
Indian Tax System : Revenue of Union, States and Local Bodies. Major Taxes in India: Tax Base,
Direct and Indirect Taxes, Issue of Taxation of Agriculture, Expenditure Tax, Goods and Service
Tax (GST). Tax Reforms in India. Non-Tax Revenue sources of the Central, States and Local
Bodies.
Budget preparation, presentation and execution of budget of Union government, Current Union
Budget, Trends of Public expenditure and Public Debt.
Deficit Financing, Types of Deficit Revenue Deficit, Primary Deficit, Budgetary Deficit and Fiscal
Deficit, Fiscal Sector reforms in India, Reports of last Finance Commission.

 Musgrave, R.A. and Musgrave P.B., Public Finance in Theory and Practice, McGraw Hill, New
York.
 Prest, A.R. and Barr, N.A., Public Finance in Theory and Practice, ELBS, London..
 Buchanan, J.M., Public Finance, Irwin, New Y.
 Prest, A. R., Public Finance in Under-developed Countries, Vikas, New Delhi.
 Buchanan, J.M., Public Principles of Public Debt, Irwin, Homewood. Ill., USA. .
 Singh, S. K., Public Finance in Theory and Practice, S. Chand, New Delhi.
 Bhatia, H.L., Public Finance, Vikas Publishing House, New Del
 Herber, B.P., Modern Public Finance, AITBS, New Delhi.
 Reserve Bank of India, Monthly Bulletins.
 Budget Papers of the Government of India.
K.U. NAINITAL
Paper : ECO/MA/08
[ SEMESTER – 2]
INTERNATIONAL ECONOMICS-II
Meaning and Components of the Balance of Payments. Equilibrium and Disequilibria in the
Balance of Payments. The Balance of Payments Accounts and the Foreign Exchange Market.
Types of Disequilibrium, Causes, and Correction of a Disequilibria in the Balance of Payments:
Devaluations- Elasticity Approach and Income Absorption Approach, Adjustment Mechanism:
Monetary Policy. Foreign Trade Multiplier Fixed and Flexible Exchange Rates. Floating Exchange
Rates, Exchange Control.
Forms of Economic Cooperation. Emergence of Trading Blocks. Effects of a Customs Union and
Free Trade Areas. Regionalism- SAARC/SAPTA, ASEAN, EU, BRICS. Multilateralism-WTO(TRIPS &
TRIMS, Patent, GATS, Subsidies), UNCTAD, I.M.F., I.B.R.D and A.D.B. with Special Reference to
India. International Liquidity, Special Drawing Rights (SDRs). Current issues of Emerging
International Monetary System.
Trade Problems and Trade Policies of India since1991- Recent Changes in the Direction and
Composition of Foreign Trade of India. Trade Reforms since 1991 and impact on Indian
Economy. Problems of India’s Foreign Debt. International Investment in India: Foreign Direct
Investment FDI, Issues and Policies. Recent Export and Import Policies of India – India’s Foreign
Trade : Trends & Trade Policies,. Role of Multinational Enterprises in India, FERA and FEMA.

 Sodersten, Bo., International Economics, MacMillan, London.
 Salvatore, D., International Economics, John Wiley, NewYork.
 Krugman, P.R., International Economics, Add Wesley Longman, Delhi.
 Mannur, H.G., International Economics, Vikas Publishing House, New Delhi.
 Bhatia, H.L., International Economics, Vikas Publishing House, New Delhi.
 Meier G. M., Leading Issues in Economic Development, OUP, Mumbai.
 Caves, R.E., et.al., World Trade and Payments, Harper Collins, U.
 .Chacholiades, M., International Trade Theory and Policy, McGraw Hill, New York.
 Pearce, I.J., International Trade, Vols. I & II, Macmillan, London.
 Bhagwati, J. and T.N. Srinivasan, Lectures on International Trade, MIT Press, Cambr
K.U. NAINITAL
 Bhagwati, J., ed., International Economics, OUP, New D.
 Rana K.C. and K.N. Verma, International Economics, Vishal Publishing Co., Jalandhar.
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 Jajal R.S. & Bisht, N.S., Emerging Dimensions of Global Trade.
 Jalal R.S., Trade Policy and Global Participation : Indian Experience, Swaroop & Sons, New Delhi.
K.U. NAINITAL
Paper : ECO/MA/09
[ SEMESTER – 2]
INDIAN ECONOMIC DEVELOPMENT AND POLICY
Nature of Indian Economy : An underdeveloped Economy, A Developing Economy. The

population growth and Economic development. Demographic Profile. Labour Force Growth and
Occupational pattern. Urbanisation and Development Process.
Human Resource Development : Education and Health. Employment Trends and Structure of
Employment. Nature and Estimates of Unemployment. The concept of Poverty line. Absolute
and Relative Poverty. Incidence of Poverty line in India. Poverty AllevationProgrammes in India.
Income Inequalities in India : Causes, Government Policy and Measures.
Role of Agriculture in Indian Economy. Policies for Agricultural and Rural development.
Agriculture Production and Productivity Trends. Land Reforms, Problems of Food Security and
Public Distribution System, National Food Security Act. 2013, ICDS, Mid Day Meal Scheme.
Agriculture Inputs and Green Revolution, Agricultural Prices Policy. Agricultural Marketing :
Agriculture Produce Market (APMC) Act., National Agricultural Market (NAM), Agricultural
Finance.
The Industrial sector and Services in Indian Economy – Industrial development during the
Planning Period. Industrial Policy : Pre and Post Globalization Period. Performance of Public
Sector Enterprises. Privatization of Public Sector Enterprises : The Disinvestment Programme in
India. Small Scale and Cottage Industries in India.
 Ahluwalia, I.J. and I.M.D.Little, eds., India’s Economic Reforms and Development, OUP, New
 Brahmananda, P.R. and V.R. Panchmukhi, eds., Development Experience in the Indian
Economy: Interstate Perspectives, Bookwell, Delhi.
 Dantwala, M.L., Dilemmas of Growth : The Indian Experience, Sage Publications, New
Delhi.
 Datt, R., Second Generation Economic Reforms in India, Deep & Deep Publications, New
Delhi.
 Government of India, Annual Economic Surv
K.U. NAINITAL
 Jalan, B., India’s Economic Policy – Preparing for the Twenty First Century, Viking, New
Delhi.
 India Development Reports, OUP, New Delhi.
 Reserve Bank of India, Reports on Currency and Finance.
 Sen, R.K. and B. Chatterjee, Indian Economy : Agenda for 21st Century, Deep & Deep
Publications, New Delhi.
 Kapila, Raj and Uma Kapila, eds., Economic Developments in India, Academic Foundation,
New D
 World Bank, India: Reducing Poverty, Accelerating Economic Development, OUP, New
Delhi.
 Chelliah, Raja J., Towards Sustainable Growth – Essays in Fiscal and Financial Sector Reforms
in India, OUP, New Delhi.
 Kapila, Raj and Uma Kapila, eds., Indian Agriculture in the Changing Environment, Academic
Foundation, 14.Dutt, R. and K.P.M. Sundharam, Indian Economy, S. Chand, New Delhi.
 Thamarajaskshi, R., Intersectoral Relationships in a Developing Economy, Academic
Foundation, New
 Krueger, Anne O., Economic Policy Reforms and the Indian Economy, OUP, New Delhi.
K.U. NAINITAL
Paper : ECO/MA/10
[SEMESTER-2]
RESEARCH METHODOLOGY
Research Methodology : Meaning, Objectives, Types and Significance of the Research. Research
problem - Identification and technique involved in defining a problem. Hypothesis. Variables.
Research Design - Meaning, Features, Need, Important concepts. Design of Sample Surveys :
Sample Vs Census. Types, Probability & Non-probability Sampling. Types & Methods of Data
Collection.
Statistical Tools and Techniques in Social Research : Measures of Central Tendency – Mean,
Median, Mode; Measures of Dispersion - Standard Deviation & Coefficient of variation. Simple
Correlation : Meaning, Assumptions and Limitations of Simple Correlation. Various methods
of determining Correlation (Graphical and Mathematical Methods). Probable Error. Simple
Regression Analysis: Meaning, Importance and Uses, Regression Lines. Regression Equations,
Coefficient and its calculation by various methods.
Test of Significance. Large and Small Samples. Content Analysis. Projection Techniques.
Preparation and Evaluation of Research Report. Elementary Operations Research Techniques.
Computers and Research in Social Sciences.

 R.N.Trivedi&D.P.Shukla : Research Methodology ( in Hindi).
 Kumar : Research Methodology.
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 Tandon : Research Methodology in Social Sciences.
 Kothari, D.S. : Research Methodology.
 Yojna. Monthly Magazine.
 Economic Times, Financial Express and other Newspapers.
 Economic Magazines.
 Reports of various agencies.
 Cauvery,R., ed.al., Research Methodology, S. Chand, New Delhi.
 Sharma, Manoj, Research Methodology, Anmol Publications, New Delhi, 2004.
K.U. NAINITAL
[C.B.C.S.]
SEMESTER – III
[ CORE PAPER ]
 ADVANCED MACRO ECONOMICS-I
 THEORY OF ECONOMIC GROWTH
 DISSERTATION
Paper : ECO/MA/11
K.U. NAINITAL
[SEMESTER- 3] CORE PAPER
ADVANCED MACRO ECONOMICS-I
National Income and Related Concepts. Circular flow of Income. Measurement of National
Income. Problems in the Measurement of National Income.
Types of Macroeconomics Say’s Law of Market, Determination of the level of output and
Employment, Criticism of Say’s Law, Classical, Keynesian Economics.
Post-Keynesian Approaches, Theory of Output and Employment. Consumption Function &

Theories (Keynes, Duesenberry, Milton-Friedman), Saving and Investment Function - Keynesian
approach, Keynesian Psychological Law of Consumption, Paradox of Thrift, Friedman’s
approach. Investment Function- Determinants of Investment. Concept of Multiplier,
Acceleration Principle.

 Ackley, G., Macroeconomics : Theory and Policy, Macmillan, New Y
 Dornbusch, R. and F. Stanley , Macroeconomics, Mc Graw Hill, New York.
 Jha, R., Contemporary Macroeconomic Theory and Policy, Wiley Eastern, New Delhi.
 Vaish, M.C., Macroeconomic Theory, Vikas, New Delhi.
 Romer, D.L., Advanced Macroeconomics, Mc Graw Hill, New York.
 Gupta, S.B., Monetary Planning in India, OUP, New Delhi.
 Reddy, Y.V., A Review of Monetary and Financial Sector Reforms in India, UBSPD, New
Delhi.
 Frisch, H., Theories of Inflation, Cambridge University Press.
 Rakshit, M., Studies in the Macroeconomics of Developing Countries, OUP, New Delhi.
 Vasudevan, A., Central Banking for Emerging Market Economies, Academic Foundation,
New Delhi.
 Rana K.C. and K.N. Verma, Macro Economic Analysis, Vishal Publicing Co., Jalandhar.
 ,e0 ,y0 f>axu] lef’VvFkZ”kkL=] oÙnkifCyds”ku] ubZfnYyhA
 ,p0 ,y0 vkgwtk] mPprjlef’VvFkZ”kkL=],l0 Pkk¡n] ubZfnYyhA
Paper : ECO/MA/12
K.U. NAINITAL
ECONOMICS OF GROWTH AND DEVELOPMENT
Meaning and Measurement of Economic Growth and Development. Characteristics of Under-

Development. Poverty – Absolute and Relative. Measuring Development and Development
Gap. Human Development Index and Other Indices of Development and Quality of Life.
Adam Smith, Ricardo, Malthus. Marxian Theory of Capitalist Development. Schumpeterian View
of Dynamic Evolution of Economy. Structural Analysis of Development. Development in
Historical Perspective - The Rostow’s Stages of Growth, Harrod-Domar, Joan Robinson.
Partial Theories of Underdevelopment: Vicious Circle Theory. Social and Technological

Dualism. Models of a Dual Economy: Nurkse, Lewis. Theory of the Big Push. Balanced and
Unbalanced Growth.
Development Policies and Perspectives: Role of Economic and Non-Economic Factors, Sectoral
Priorities and development Policies, Environment and Development.

 Ghatak, S., (1986), An Introduction to Development Economics, Allen and Unwin, London.
 Thriwall, A. P., (1978), Growth and Development, McMillan, London.
 .Meier, G.M., (1984) : Leading Issues in Economic Development, Oxford University Press, New
 Higgins, B. (1959) : Economic Development, Norton , New York
 Kindlerberger, C.P. and B. Harrik (1983) : Economic Development, McGraw-Hill, Tokyo.
 Salvatore, D. and E. Dowling (1977) : Development Economics, Schuam’s Outline Series in Economics,
McGraw
 Agarwal, A. N. and S.P. Singh, (Eds.) (1985) : Economics of Underdevelopment O.U.P., Lon.
 Adelman I (1969) : Theories of Economic Growth and Development, Stanford University Press, Stanford
 Sen, A.K. (ed.) (1971) : Growth Economics, Penguin, Harmondsworth.
 Sundaram, R.M. (1984) : Development Economics : A Framework for Analysis and Policy.
 Chenery, H. : Redistribution with Growth, Oxford University Pre
 Todaro, M.P. : Economic Development, Longman, Lond
 United Nations : Human Development Report.
K.U. NAINITAL
 14.Misra, S.K.&V.K. Puri, Economics of Growth and Development, Himalaya Publishing House, Mumbai.
 15...,e0 ,y0 f>axu] fodkl dk vFkZ”kkL= ,oavk;kstu] oÙnkifCyds”ku] ubZfnYyhA
K.U. NAINITAL
Paper : ECO/MA/13
DISSRETATION
Dissertation will comprise of either field work or research study based on

primary/secondary data on topic based on relevant socio-economic/ economic
problems allocated by internal supervisor. In both cases student will have to
submit dissertation report (duly typed and binded) in A4 size paper having font
in Times New Roman (12 Points) & Kruti Dev (14 points) with 1.5 line gap. The
Dissertation should not exceed 100 pages.
Performance of student in dissertation will be evaluated on the following basis –

a) Dissertation report/Final Presentation - 70 Marks
b) Two periodical Presentation - 30 Marks
Note : Two periodical presentations will be assessed by internal examiner but the
Dissertation and Final Presentation will be assessed jointly by internal and
external examiner.
K.U. NAINITAL
ELECTIVE PAPER
[ SEMESTER 3]
( SELECT ANY TWO )
 LABOUR ECONOMICS
 ADVANCED STATISTICS
 AGRICULTURAL ECONOMICS
K.U. NAINITAL
Paper : ECO/MA/14
[SEMESTER-3] ELECTIVE PAPER

LABOUR ECONOMICS
Characterstics of Indian Industrial Labour Market. Demand for labour, Supply of Labour,
Migratory Character. Absentiesm, Labour Turnover.Unemployment – Causes, Types and
Remedies., Recruitment of Industrial Worker, Employment Exchange, National employment
Service in India, Labour Productivity.
Types of Wage Payment, - Time System, Peace System, Incentive System. Various Concept of
Wages – Minimum Wage, Fair Wage and Living Wage. Organised and Unorganised Sectors,
Bonus, Profit Sharing and Co-partnership, Rationalisation.
LabourUnion – Meaning, Importance and Functions of Labour Unions, Methods of Settlement

of Industrial Disputes, Collective Bargaining, Concilation, Arbitration and Adjustication.
Labour Legislation in India- Factory Act 1948, Indian Labour Laws and Practice in Relation to
International Labour Standards.
State and Social Security of Labour – Concept of Social Security - Social Assistance and Social
Insurance, Labour Welfare Measures in India, Social Security in India – Workmen Compensation
Act 1923, Employees State Insurance Act. 1948, Maternity Benefit Act 1961, Employees
Provident Fund Act. 1952, PMSBY- Pradhan Mantri Suraksha BimaYojna, PMJJBY- Pradhan
Mantri Jeewan Jyoti BimaYojna, APY-Atal Pension Yojna, PMYSM Pradhan Mantri Shram Yogi
Maldhan Pension Yojna.
Child and Woman, Second National Commission on Labour, International Labour Organization
and India,
 Allen, V.L. : Power in Trade Unions.

 Beveridge, W.H. : Social Security Plan.
 Chamberlain, N.W. : Collective Bargaining.
K.U. NAINITAL
 Clow, A. G. : Indian Factory Legislation.
 Das, N. : Unemployment and Full Emploment in India.
 Deshpande, L.K. Brahmmananda P. R. (Ed.) : Employment Policy in a Developing Economy.
 Deshpande, D. K. and Sandesara, J.C. (Ed.) : Wage Policy and Wage Determination in India.
 Dobb, M. : Wages.
 Gilman, N.P. : Profit Sharing Between Employer and Employee.
 Gadgil, D.R. : Women Workers in India.
 Hicks, J.R. : Theory of Wages.
 Giri, V.V. :Labour Problems in Indian Industry.
 Joshi, N.N. : Trade Union movement in India.
 Kaul, N.N. : India and the I.L.O..
 Kether, D.P. : India’s Labour Welfare.
 Mukerjee, R.K. : The Indian Working Class.
 Mukerjee, P.K. :Labour Legislation in India.
 Vh0 ,u0 Hkxksyhoky] Je vFkZ”kkL= ,oavkS|ksfxdlacz/kA.
 Memoria, C.B. :Labour Problems and Social Welfare in India. ( fgUnh :ikUrj)
K.U. NAINITAL
Paper : ECO/MA/15
[SEMESTER- 3] ELECTIVE PAPER
ADVANCED STATISTICS
(Simple Calculator without mathematical and statistical functions is allowed but candidates
shall have to arrange the calculator at their own)
Planning and Executions of Statistical Survey:Type, Collection, Classification, Tabulations and

Presentation of Data. Sampling Theory: Methods and types of Sampling, Errors in Sampling,
Merits and Limitations of Sampling.
Measure of Central Tendency – Arithmetic Mean, Median, Mode, Geometric Mean, Harmonic
Mean. Measure of Dispersion - Standard Deviation. Variance. Probable Error. Lorenz Curve.
Measure of Skewness and Kurtosis.Simple Correlation:Karl Pearson method of determining
Correlation. Probable Error. Simple Regression Analysis: Regression Lines& Equations,
Coefficient and its calculation by various methods.
Time Series Analysis: Components of Time series. Methods of Measurement of Trend.

Measurement of Seasonal Variations. Interpolation and Extrapolation: Methods of
Interpolation& Extrapolation.
Testing of Hypotheses: Testing of Significance for Small and Large Samples. t- Test. Chi-Square
Test and Goodness of Fit. F- Test and Analysis of Variance. Z- test.

 Allen, R.G.D., Statistics for Economics, Hutchinson, London.
 Cochran, Sampling Techniques, John Wiley, New York.
 Croxton and Cowden, Applied General Statistics, Prentice Hall, London.
 Yamane, Taro, Statistics- An Introductory Analysis, Harper & Row, New York.
 Des Raj, The Design of Sample Surveys, McGraw Hill, New York.
 Wonnacott, T.& R. Wonnacott, Introductory Statistics for Business and Economics, John
Wiley, N.Y.
 Deming, W. Edwards, Theory of Sampling, John Wiley, New York.
 Gupta, S.C., Fundamentals of Statistics, Himalaya Publishing House, Mumbai.
 Gupta, S.P., Statistical Methods, Sultan Chand, Delhi.
 Karmel, P.H. & M. Polasek, Applied Statistics for Economics, Pitman Publishing,
London..
K.U. NAINITAL
 Srivastava, S.C. &Sangya Srivastava, Fundamentals of Statistics, Anmol Publications, New
Delhi.
Hindi Books
 Gupta, S.P., Statistical Methods (Hindi Edition ), Sultan Chand, Delhi.
 Singh, S.P., Statistics: Theory and Practice (Hindi Edition ), S. Chand, Delhi.
K.U. NAINITAL
Paper : ECO/MA/16
[SEMESTER- 3] ELECTIVE PAPER
AGRICULTURAL ECONOMICS
Nature and Scope of Agricultural and Rural Economics. Role of Agriculture in Economic
Development. Interrelationship between Agriculture and Industry. Interaction between
Agriculture and Rest of the Economy.. Diversification of Agriculture.
Agricultural Production – Resource Use and Efficiency.. : Agricultural Growth. Demand and
Supply and Allocation of Basic Inputs- Labour, Land, Irrigation, Fertilizer, HYV Seeds, Form of
farming, Organic Farming, Sustainable Farming. Dry Land Farming. Vertical Farming. Livestock
Energy, Machinery and Equipment. Factor Combination and Resource Substitution. Technology
in Agriculture – Traditional Techniques and Practices. Technological Change and Agriculture.
Distribution of Gains from Technological Change. Green Revolution. Emerging Trends in
Agricultural Technology. Economics of Small Farmers.
Agricultural Finance in India – Importance, Types of Requirements, Sources ; Institutional and

Non-institutional. Existing Credit Delivery System ( Multi Agency Approach). Reorganization of
Rural Credit – Cooperatives, Commercial Banks, Regional Rural Banks. Role of NABARD.
Marketing and State Policy. Agricultural Markets and Marketing Efficiency – Marketing
Functions and Costs. Market Structure and Imperfections. Regulated Markets. Marketable
Surplus. Behavior of Agricultural Prices – Cobweb Model. Warehousing. Taxation and Crop
Insurance. Agricultural Price Policy – Objectives, Instruments and Evaluation. Food Security in
India. Public Distribution System.
Recent Trends in Agricultural Growth in India. Inter-regional Variations in Growth of agricultural

Output and Productivity. Cropping Pattern Role of Subsidies.

 Heady, E.O. : (ed.) Economic Development of Agriculture.
 Snodgrass, Milton M. and L.T. Wallace : Agricultural Economic and Resource Management, Prentice Hall
of India Pvt. Ltd., 1977.
K.U. NAINITAL
 Eicher,Earl and Lawrence Witt (ed.):Agriculture in Economic Development: Vora Co. Pub. Pvt. Ltd. 1970.
 Shah, C.H. and C.N. Vakil (ed.) : Agriculture Development of India : Policy and Problems, Orient Longman,
1979.
 Southworth N. and A. Johnston : Agriculture Development and Economic Growth, Cornell University
Press.
 ,l0 ch0 xqIrk] d`f’kvFkZ”kkL+=] ,l0 ch0 ih0 Mh0 ifCyds”kuvkxkjkA
 Chaudhari, Pramit : Selected Readings in Indian Agriculture.
 Govt. of India : Report of the National Commission on Agriculture.
 R.S.Jalal, “RURAL DEVELOPMENT IN INDIA : ISSUES AND POLICY” (Vol. I & II), Anmol
 Publication, New Delhi
 Rao. H.H. : Technological Change and Distribution of Gains.
 Rudra, Ashok : Indian Agricultural Economics : Myths and realities, Allied Pub., New Delhi, 1982.
 Mitra, A : Terms of Trade and Class Relations.
 Schultz, T.W. : Economic Crisis in World Agriculture.
 Schultz, T.W. : Transforming Traditional Agriculture.
 Govt. of India : Five Year Plans (Documents).
K.U. NAINITAL
OPEN ELECTIVE
[ SEMESTER 3]
 INTRODUCTION TO INDIAN ECONOMY

K.U. NAINITAL
Paper : ECO/MA/17
[SEMESTER-3] OPEN ELECTIVE PAPER
INTRODUCTION TO INDIAN ECONOMY
Characterstics of Indian Economy, Developed and Under Developed Economy.
Agricultural Structure in India – Importance, Nature, Trends in agricultural production and

Productivity (Pre and Post Globalisation Era). Public Distribution System.
Industrial Sector in India - Industrial development during Pre and Post Globalization. Problems
of Small and Cottage industries. New Industrial Policy.
Service Sector in India - Growth and contribution in Indian Economy. Make in India Programme.
SKILL India Programme. Digital India Programme, Jan Dhan Yojna. Aatmnirbhar Bharat Yojna.
Unemployment & Poverty in India –Types &Causes, Mahatma Gandhi National Rural
Employment Guarantee Scheme (MGNREGA).
Recommended Reading: ( Latest Editions ) :
 Agrawal, A.N. : Indian Economy, WishwaPrakashan, New age International (P) Limited,
New Delhi.
 Misra, S. K. & V. K.Puri : Indian Economy.
 RuddarDatt& K. M..P.Sundharam: Indian Economy, S. Chand, New Delhi.
 Bimal Jalan : Problems of Indian Economy.
 R.S.Jalal, “RURAL DEVELOPMENT IN INDIA : ISSUES AND POLICY” (Vol. I & II), Anmol
 Publication, New Delhi
 Parekh, K.S. : India Development Report.
 Dutt, R. (ed.) : Second Generation Economic Reforms in India.
Hindi Books
 Rudradatt& K.P. Sundaram, BhartiyaArthvyavastha, S.Chand, New Delhi.
 Mishra &Puri, BhartiyArthvyavastha, Himalaya Publication, New Delhi.
K.U. NAINITAL
[C.B.C.S.]
SEMESTER – IV
[ CORE PAPER]
 ADVANCED MACRO ECONOMICS-II
 VIVA VOCE
K.U. NAINITAL
Paper : ECO/MA/18
[SEMESTER-4]
ADVANCED MACRO ECONOMICS-II

Supply of Money-Different Concepts, High Powered Money, Money Multiplier, Determinants of
Money supply. Demand for Money—Classical view of Demand for Money, Total Demand for
Money, Post Keynsian Approach, Baumol’s Approach, Fisher and Cambridge Versions.
Keynesian Approach. Approach of Friedman, Patkinson. Value of Money and It’s
measurements.
Theory of Interest - Classical, Neo-Classical, Keynesian. The Modern Theory of Interest. IS & LM
Functions : General Equilibrium of Product and Money Markets, Extensions of IS-LM Models.
Keynes’ Theory of Money and Prices. Keynesians versus Monetarism. Theories of Inflation.
Effects and Control of Inflation. Inflationary and Deflationary Gaps. Phillips Curve.
Credit Creation by Commercial Banks, Central Banking -- Functions and Role. Reserve Bank of
India - Role and Performance.
Theories of Trade Cycles –Hartrey& Hayek, Keynes, Hicks, Samuelson.

 Ackley, G., Macroeconomics : Theory and Policy, Macmillan, New Y
 Dornbusch, R. and F. Stanley , Macroeconomics, Mc Graw Hill, New York.
 Jha, R., Contemporary Macroeconomic Theory and Policy, Wiley Eastern, New Delhi.
 Vaish, M.C., Macroeconomic Theory, Vikas, New Delhi.
 Romer, D.L., Advanced Macroeconomics, Mc Graw Hill, New York.
 Gupta, S.B., Monetary Planning in India, OUP, New Delhi.
 Frisch, H., Theories of Inflation, Cambridge University Press.
 Rakshit, M., Studies in the Macroeconomics of Developing Countries, OUP, New Delhi.
 Vasudevan, A., Central Banking for Emerging Market Economies, Academic Foundation, New Delhi.
 Rana K.C. and K.N. Verma, Macro Economic Analysis, Vishal Publicing Co., Jalandhar.
 ,e0 ,y0 f>axu] lef’VvFkZ”kkL=] oÙnkifCyds”ku] ubZfnYyhA
 ,p0 ,y0 vkgwtk] mPprjlef’VvFkZ”kkL=],l0 Pkk¡n] ubZfnYyhA
Paper : ECO/MA/19
K.U. NAINITAL
[SEMESTER-4]
VIVA-VOCE
Viva-Voce Examination is compulsory for each student as a

Core paper in Semester – 4.
K.U. NAINITAL
[ SEMESTER 4]
[ ELECTIVE PAPER]
( SELECT ANY THREE )
 INDUSTRIAL ECONOMICS
 FINANCIAL INSTITUTIONS AND MARKETS
 DEMOGRAPHY
 ECONOMIC SYSTEMS
K.U. NAINITAL
Paper : ECO/MA/20
INDUSTRIAL ECONOMICS
Scope and Method of Industrial Economics. Industrial Efficiency: Organisational Form and
Alternative Motives of the Firm. Structure-Conduct- Performance. Demand Analysis and
Demand Forecasting. Efficiency and Size of the Firm. Concept and Measurement of Profitability.
Determinants of Profitability. Theory of Profitability.
Growth of the Firm. Conceptual Framework for the Theory of Growth of the Firm . Pricing
Decisions: General Situations for Pricing Decisions. Pricing Procedures. Pricing in Public
Enterprises. Economics of Advertising. Process of Innovation.. Theory of Technological
Innovation. Production Control. Cost Control.. Quality Control, Financial Structure of the Firm –
Components of Funds. Role, Nature, Volume and Types of Institutional Finance. Assessment of
Financial Soundness.
Theories of Industrial Location – Weber and Sargent Florence. Determinants of Industrial

Location. Approaches to Industrial Location Analysis. Operational Approaches to Industrial
Location. Industrial Location Trends in India.
Industrialisation: Rationale, Objectives, Strategies and Policies. Industrialisation and Regional

Development. Employment Implications of Industrialisation. Need for Government Intervention
in Industry. Legal Framework of Industrial Regulation in India. New Industrial Policy of India.
Effects of Liberalisation and Globalisation on Indian Industry. IT and Software Industry. Textile
Industry.,. Development of Small Scale and Cottage Industries in India.
Recommended Reading:
 Ahluwalia, I.J.: Industrial Growth in India, OUP, New Delhi.
 Barthwal, R.R.: Industrial Economics, Wiley Eastern, New Delhi.
 Jalal, R.S.: “Industrial Entrepreneurship”, Anmol Publication, New Delhi.
 Cherunilam, F.: Industrial Economics: Indian Perspective, Himalaya Publishing House, Mumbai.
K.U. NAINITAL
 Desai, B.: Industrial Economy in India, Himalaya Publishing House, Mumbai.
 Hay,D. and D.J.Morris: Industrial Economics: Theory and Evidence, OUP, New Delhi.
 Kuchhal, S.C.: Industrial Economy of India, Chaitanya Publishing House, Allahabad.
 Government of India: Economic Survey (Annual).
 Smith, D.M.: Industrial Location: An Economic and Geographical Analysis, John Wiley, New York.
 Mamoria and Mamoria: Dynamics of Industrial Relations in India, Himalaya Publishing House,
Mumbai.
 Dasgupta, P.S., Marglin and A.Sen: Guideline for Project Evaluation, UnidoPublications,New
York.
K.U. NAINITAL
Paper : ECO/MA/21
FINANCIAL INSTITUTIONS AND MARKETS
Role & Structure of Money Market and Capital Market. Features of a Developed Money and
Capital Market. Structure of the Financial System. Functions of the Financial Sector. Functions,
Types and Objectives of Commercial Banks. Mechanism of Credit Creation by the Commercial
Banks. Purpose and Limitations.
Functions of Central Bank. Instruments of Credit Control. Aims and Objectives of Monetary
Policy in Developed and Developing Countries. Instruments of Monetary Policy. Role and
Functions of the Reserve Bank of India. Development and Regulatory Role of the RBI. NABARD.
Definition and Types of Non-Bank Financial Institutions – Their Role, Importance, Growth,
Functions and Effects. Cooperatives and Regional Rural Bank -Their Objectives, Role and
Limitations. Definition, Types, Functions.
Nature and Organization of International Financial Markets. Operations of the World Bank and
its Affiliates. Growth of Regional Financial Institutions. Asian Development Bank and its Lending
Activities with reference to India.
 Bhole, L.M.: Financial Institutions and Markets, Tata McGraw Hill, New Delhi.
 Bhole, L.M.: Indian Financial System, Chugh Publications, Allahabad.
 Hanson, J.A. and S. Kathuria : India : A Financial Sector for the Twenty First Century, OUP, New
Delhi.
 Khan, M.Y.: Indian Financial System, Tata McGraw Hill, New Delhi.
 Machiraju, M.R.: Indian Financial Systems, Vikas Publishing House, New Delhi.
 Prasad, K.N.: Development of India’s Financial System, Sarup and Sons, New Delhi.
 Johnson, H.J.: Financial Institutions and Markets, Mc Graw Hill, New York.
K.U. NAINITAL
 Harker,P.T. and S.A.Zenios (ed): Performance of Financial Institutions, Cambridge University
Press.
 Chandra, P.: Financial Markets, Tata McGraw Hill, New Delhi.
 Machiraju, M.R.: International Financial Markets in India, Wheeler Publishing House, Allahabad.
 Farrell, J.L.: Portfolio Management, McGraw Hill, New York.
 Smith,P.F.: Money and Financial Intermediation: The Theory and Structure of Financial System,
Prentice Hall, Englewood-Cliff, New Jersey.
 Rangarajan, C,: Indian Economics: Essays on Money and Finance, UBS Publication, New Delhi.
 RBI : Functions and Working of RBI
K.U. NAINITAL
Paper : ECO/MA/22

DEMOGRAPHY
Demography- Meaning, Scope and Importance, Malthus Theory of Population, Optimum theory
of Population, Transaction Theory, Population Cycle,
Vital Statistics: Measurement and determination of Fertility and Mortality, Crude Birth Rate,
Reproduction Rate, Gross Reproduction Rate, Net Reproduction Rate, Crude Death Rate, Sex
Ratio, Infant Mortality, Life Expectancy, Migration, External and internal Migration, Life Table,
Methods of Population Projection, Life Expectancy Index, Age Structure, Occupational
Structure.
Population in India- Population Trends in Recent years in India, population in India, Population
Explosion, Human Development Index, Gender Equality Index, Policy related to health,
Nutrition, Education and Training, Demographic Dividend.
Population Growth and Economic Development, Family Planning Programs in India- Evaluation
of Population Policy of India, Recent Population Census of India.
 Agarwala, S.N.: India’s Population Problem., Tata McGraw Hill, Bombay.
 Agarwal, U.D.: Population Projections and Their Accuracy, B.R.Publishing Corporation, New Delhi.
 Bhende,A.A. and T.R.Kanitkar: Principles of Population Studies, Himalaya Publishing House, Bombay.
 Bogue, D.J.: Principles of Demography, John Wiley, New York.
 Bose, A.:India’s Basic Demographic Statistics, B.R.Publishing Corporation, New Delhi.
 Census of India: Various Reports.
 Choubey,P.K.: Population Policy in India, Kanishka Publications, New Delhi.
 Misra, B.D.: An Introduction to the Study of Population, South Asia Publishers, New Delhi.
 Sriniwasan, K.: Basic Demographic Techniques and Applications, Sage Publications, New Delhi.
 Krishnaji,M., R.M.Sudrashan and A.Shariff: Gender Population and Development, OUP, New Delhi.
 Ramakumar, R., Technical Demography, New Age International, New Delhi.
 JhokLro] ,l0lh0] tukafddh; v/;;u ds izk:Ik] fgeky;kifCyf”kaxgkÅl] eqEcbZA
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 ,l0 ch0 xqIrk] vkS|ksfxdvFkZ”kkL=],l0 ch0 ih0 Mh0 ifCyds”kuvkxjkA
 Mishra, Jai Prakash, Janankiki, Sahitya Bhawan Publications, Agra.
 Srivastava, S.c., Studies in Demography, Anmol Publication, New Delhi.
 Pande, G.C., Principle of Demography, Anmol Publication, New Delhi.
K.U. NAINITAL
Paper : ECO/MA/23
ECONOMIC SYSTEMS
Types of Economic Systems : feature, Role of State in Decision Making
Capitalist System : Characteristics, Prime movers in Capitalist System, Role of Profit, Free
Enterprise, Soverginity of the Consumer.
Communist System : Features, Types of Planning Mechanism, ownership and distribution.
Concept of Mixed Economy : Planning under mixed economy, Working of Mixed Economy in
India, Role of Public and Private Sectors in India. Gandhian Economic System and Panchayati
Raj.
Recommended Reading (Latest Editions) :
 S.K. Mishra, Economic Systems & Micro Economics, D.K. Publishers, New Delhi.
 S.S.M. Patel: Economic Systems, D.K.Publishers, New Delhi.
 George Halm, Economic Systems.
 Vinod Mehta; The Solvent & Chinese Economy : A Comparative Study; D.K. Publishers
 Pillai & Sarangsharan; Economic Systems, Himalaya Publishing House, Bombay.
 Amritananda; Foundations of Gandhian Economics, D.K. Publishers, New Delhi.
K.U. NAINITAL
OPEN ELECTIVE
[ SEMESTER 4]
 ECONOMY OF UTTARAKHAND
K.U. NAINITAL
Paper : ECO/MA/24
[SEMESTER-4] OPEN ELECTIVE
ECONOMY OF UTTARAKHAND
The Economy of Uttarakhand –Introduction &Characterstics. Demographic Profile. Natural
Resources.
Agricultural Profile in Uttarakhand –Agriculture&Animal Husbandry in Uttarakhand. And its

Problems.
Industrial Profile of Uttarakhand &New Industrial Policies.
Tourismsector in Uttarakhand. Problems of Migration & Reverse Migration in Uttarakhand. Role

of Women in Uttarakhand’s Economy.
Unemployment and Poverty in Uttarakhand. Poverty Alleviating Programmes in Uttarakhand.

Mukhyamantri Swarozgaar Yojna.
Recommended Reading: (Latest Editions):
 Pandey, P.C., D.C. Pandey, P.S. Bisht, Rajnish Pandey :Economy of Uttaranchal Profile
and Dynamics of Change, co-ed. Anamika Publishers & Distributors Pvt. Ltd. New Delhi.
 Pandey, R.K., Rajnish Pande&Padam S. Bisht : Economy of Uttaranchal - Profile and
Dynamics of Change, co-ed., Anamika Publishers & Distributers (P) Ltd., New Delhi.
 Bisht, Padam S.; Tourism Development in Kumaon, Anamika Publishers & Distributors
Pvt. Ltd. New Delhi.
Hindi Books
 Lohani, Jitendra Kumar &Padam S. Bisht: Uttarakhand Ki Arthvyavastha, Kunal Books,
New Delhi.

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DEPARTMENT OF ECONOMICS

Core Paper Viva Voce 2credits Paper Code:ECO/MA/19

(Elective Paper - Select any Three)

Outline of Choice Based Credit System:

4. Dissertation/Project: This is designed to acquire special/advanced knowledge, such as supplement

 ADVANCED MICRO ECONOMICS-I

ADVANCED MICRO ECONOMICS-I

Consumer Behaviour-Cardinal Utility Analysis; Indifference Curve Analysis; Revealed Preference

Theory of Production - Returns to a Variable Factor; Isoquant Analysis, Production Function

Public Expenditure : Wagner’s law of Increasing State Activities; Wiseman- Peacock’s

Recommended Reading ( Latest Editions) :

Recommended Reading ( Latest Editions) :

HISTORY OF ECONOMIC THOUGHT

Recommended Reading ( Latest Editions) :

QUANTITATIVE TECHNIQUES IN ECONOMICS

Quantitative Techniques in Modern Economics: Scope, importance and limitations. Theory of

Differentiation of Functions of two or more Variables:Main Basic Rules of differentiation,

Probability: Meaning& Definition, Addition and Multiplication Theorem. Conditional

Elementary Linear Programming:Objectives, Basic Assumptions& Advantages. Graphical

Recommended Reading (Latest Editions) :

 ADVANCED MICRO ECONOMICS-I I

Factor Pricing and Distribution- Marginal Productivity Theory-Controversy and Critical

Welfare Economics- Pigouvian Welfare Economics,; Pareto Optimality condition; value

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INDIAN ECONOMIC DEVELOPMENT AND POLICY

Nature of Indian Economy : An underdeveloped Economy, A Developing Economy. The

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Computers and Research in Social Sciences.

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 ADVANCED MACRO ECONOMICS-I

 THEORY OF ECONOMIC GROWTH

[SEMESTER- 3] CORE PAPER

ADVANCED MACRO ECONOMICS-I

Post-Keynesian Approaches, Theory of Output and Employment. Consumption Function &

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[SEMESTER- 3] CORE PAPER

ECONOMICS OF GROWTH AND DEVELOPMENT

Meaning and Measurement of Economic Growth and Development. Characteristics of Under-

Partial Theories of Underdevelopment: Vicious Circle Theory. Social and Technological

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[SEMESTER- 3] CORE PAPER

Dissertation will comprise of either field work or research study based on

Performance of student in dissertation will be evaluated on the following basis –

[SEMESTER-3] ELECTIVE PAPER

LabourUnion – Meaning, Importance and Functions of Labour Unions, Methods of Settlement

 Allen, V.L. : Power in Trade Unions.

[SEMESTER- 3] ELECTIVE PAPER

Planning and Executions of Statistical Survey:Type, Collection, Classification, Tabulations and

Time Series Analysis: Components of Time series. Methods of Measurement of Trend.

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[SEMESTER- 3] ELECTIVE PAPER

Agricultural Finance in India – Importance, Types of Requirements, Sources ; Institutional and

Recent Trends in Agricultural Growth in India. Inter-regional Variations in Growth of agricultural

Recommended Reading ( Latest Editions) :

 INTRODUCTION TO INDIAN ECONOMY

[SEMESTER-3] OPEN ELECTIVE PAPER