Syllabus For Master of Arts in Applied Economics Academic Year (2016)

Departmentof
ECONOMICS
Syllabusfor
MasterofArtsinApplied
Economics
AcademicYear(2016)
1Semester2016Batch
Paper
Code
MEC132
MEC133
MEC134
MEC141A
MEC141B
Total
Paper
ECONOMICSOF
GROWTHAND
DEVELOPMENT
RESEARCH
METHODOLOGYFOR
APPLIEDECONOMICS
STATISTICSAND
COMPUTER
APPLICATIONS
APPLIEDFINANCIAL
ECONOMICS
POLITICALECONOMY
OFINDIA
Hours
Per Credits
Week
Marks
100
100
100
100
100
20
20
500
2Semester2016Batch
Paper
Code
Paper
MACROECONOMIC
THEORYANDPOLICYI
ENVIRONMENTAND
MEC232
RESOURCEECONOMICS
ADVANCED
MATHEMATICAL
MEC233
ECONOMICS
ECONOMETRIC
MEC234
METHODS
ECONOMICSOF
MEC241A
BANKINGAND
INSURANCE
REGIONALANDURBAN
MEC241D
ECONOMICS
Total
3Semester2015Batch
MEC231
Paper
Code
Paper
PUBLICFINANCEAND
POLICY
APPLIED
MEC332
ECONOMETRICS
AGRICULTURAL
MEC333
ECONOMICS
POLITICALECONOMY
MEC335
OFINDIA
SECURITYANALYSIS
MEC341A
ANDPORTFOLIO
MANAGEMENT
ECONOMICSOF
MEC341B
GENDER
Total
4Semester2015Batch
MEC331
Paper
Code
MEC433
MEC441A
Total
Paper
ECONOMICSOF
INDUSTRIAL
ORGANIZATION
INTERNATIONAL
FINANCE
Hours
Per Credits
Week
Marks
100
100
100
100
100
100
24
24
600
Hours
Per Credits
Week
Marks
100
100
100
100
100
100
22
22
600
Hours
Per Credits
Week
Marks
100
100
200
AssesmentPattern
AtleasttwocomponentsforCIAsasdecidedbytheconcerned
faculty.
ExaminationAndAssesments
CIAs are composed of three components and carry 50 percent
weightage. CIA 1 and 3 are faculty initiated ones, CIA 2 is the
Midsem exam. End Semester Exam carry 50 percent
weightage.
DepartmentOverview:
Established in 1969, the Department of Economics is one
of the strongest and vibrant departments in South India.
Currently the department under the leadership of Director
Fr.Dr.VargheseKJandHeadProf.JoshyKJalongwith
fourteenaccomplishedfacultymembersoffersawidearray
of undergraduate courses and a postgraduate programme
with multiple specialisations. To promote the holistic
development of the students and to sustain the academic
creativity and inventiveness of the faculty the department
engages in numerous workshops, seminars, industrial
interfaces, faculty development programmes and many
suchendeavours.
MissionStatement:
The mission of the Department of Economics at Christ
University is to engage in research to generate cutting
edgeideasrelevanttoaddresscontemporaryissuesofthe
global economy. It is also our endeavour to teach and
prepare a diverse group of students and equip them with
advancedknowledgeandskillstoleadtheworldthrougha
steadypathofprogression.
IntroductiontoProgram:
TheMAAppliedEconomicsprogrammeoftheDepartment
of Economics in Christ University aims to form ethically
wellgrounded students with the ability for incisive
reasoning,deepknowledgeofeconomictheoryandskillin
empiricalmethodology.Thecourseseekstostrikeasound
balance between theory and application along with an
interdisciplinarydimensionwithoutdiminishingthefocuson
economics. This approach is meant to help students face
the dynamic challenges in terms of the market and
academics.Inlinewiththisapproachtheprogrammehasa
combination of papers related to economic theory,
methodologyandtwostreamsofspecialisationswhich,on
theonehandmeettheneedsofcorporateemploymentand
ontheothercreatetheabilityofapplyingeconomictheory
to development problems of the country. More specifically
studentswillbeequippedtotakeupcareersinacademics,
teaching, business consulting and analytics, civil society
and activist organisations, the public sector, government
servicesandinternationalcivilservices.
ProgramObjective:
The Master of Arts in Applied Economics Course aims to:
1.Provideintensivespecializationsinareasoffinanceand
development 2. Mastery in scientific analysis through
advanced
quantitative
methods,
statistics
and
econometrics, and latest soft skills 3. Make students
competent to take up the most challenging careers in
business, industry, public sector and advanced academic
research.
MEC132ECONOMICSOFGROWTHAND
DEVELOPMENT(2016Batch)
TotalTeachingHoursforSemester:60
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
The course is intended to impart a practical orientation to
understanding the developmental issues in developing
countries based on theoretical foundations the course
helps to create the skills in identifying issues of
underdevelopment and generate practical solutions to
them.
LearningOutcome
Thestudentswillacquire
1. a sound conceptual knowledge base necessary to fulfill
the role of expert in economics conscious of the broad
issuesofsociety
2. the capability to understand the nature of social and
economic issues confronted in developing societies the
skills and techniques to find solutions to the problems of
developmentandgrowth
Teaching
Hours:12
Unit1
TheoriesofGrowthandDevelopment
a)EconomicGrowthTheories
Neoclassical economic theory: SlowSwan growth model

and its extension Ramsey growth model Empirics of
neoclassical theory: Conditional and unconditional
convergence Endogenous growth theory: AK model

Romer model with knowledge spillovers and increasing
returnstoscaleUzawaLucasmodelwithhumancapital
Endogenous growth theory: Models with endogenous
technological change, R&D based growth theory Empirics
ofendogenousgrowththeoryandtechnologicalchange
b)ContemporaryTheoriesofEconomicDevelopment
Dualistic development and structuralism Lewis model,
Chenery model The balancedgrowth Nurske model
Hirschmans unbalanced growth model with backward and
forwardlinkages
c)NewfrontiersinTheoriesofEconomicDevelopment
The imperfect information paradigm (Stiglitz) the new
institutional economic paradigm (Williamson) the
internationaldependencemodels.
Unit2
Teaching
Hours:9
Poverty,RiskandInequality
Measurement of development and poverty vulnerability
and of chronic and intertemporal poverty concepts of
welfare and wellbeing contrast to Sens approach
microeconomic approaches on how economic processes
lead to poverty increases or poverty reduction: poverty
trapsthetheoryandevidencecreditmarketfailures,risk,
socialnormsandattitudes,andspatialexternalities.
Unit3
Teaching
Hours:9
FinancialFlowstoDevelopingCountries
The determinants of private capital flows (FDI, bank
lending,bondsandequity)andtheinstitutionalandpolicy
issuesarisingfromtheirimpactonmacroeconomicstability
and growth the positive economics of aid (from whom, to
whomandwithwhateffects)andthenormativeeconomics
of aid (how to allocate and deliver aid better) the
relationshipsbetweenthesetwosortsoffinancialflows.
Unit4
Teaching
Hours:8
RuralDevelopment
Land (tenancy, shareholding, and property rights) Labour
(labour markets, shadow wages, wage determination)
Migration (equilibrium models, causes and consequences,
risk) Credit and microfinance (credit rationing, household
credit,lendingtothepoor).
Unit5
Teaching
Hours:9
IndustrialPolicyandTechnological
Upgrading
Industrialization, economic growth and the industrial policy
debate The experience of the East Asian NICs: lessons
and debates Transfer of technology and role of
multinational companies Industrialisation and catchup in
the emerging economies: the BRICS and beyond
Opportunitiesandconstraintsforindustrialpolicyinthe21st
century:internalandexternaldimensions.
Unit6
Teaching
Hours:9
OpennessandDevelopment
The impact of trade and foreign investment on growth,
inequalityandpovertyvariationinimpactamongcountries
withdifferingfactorendowmentsandinstitutionspolicyand
nonpolicy barriers to external economic linkages criteria
and constraints in choice of external (and related internal)
economic policies industrial policy market access,
internationalandprivaterulesgoverningtradeandregional
integration.
Unit7
Teaching
Hours:4
EducationandDevelopmentthrough
CommunityParticipation
Theconceptofservice/experientialLearningAstudyofthe
causes, consequences and risk associated with migration
fortheruralilliteratesAstudyofthehouseholdfinancesof
the rural Bangalore lending to the rural poor, rural
indebtedness,roleofmicrofinance.
EssentialTextBooks:
1.Todaro, M.P. and S.C. Smith (2003) Economic
Development,PearsonEducation.
2.Thirlwall, A.P. (2003) Growth and Development with
Special Reference to Developing Economies,
Palgrave.
3.Ray,D.(1998)DevelopmentEconomics,OUP.
RecommendedReading:
1.Aghion, P. and S. Durlauf, eds. (2005) Handbook of
EconomicGrowth,Vol.1A.NorthHolland.
2.Murphy, K.M., A. Scheifer and R. Vishny, Income
Distribution,MarketSizeandIndustrialization.
3.Banerjee, A., R. Benabou, and D. Mookherjee (2006)
UnderstandingPoverty.OxfordUniversityPress.
4.Barro, R. and X. SalaiMartin (2004) Economic
Growth.Secondedition.MITPress.
5.Rodrik, D. editor (2003) In Search of Prosperity:

Analytic Narratives on Economic Growth, Princeton
UniversityPress.
6.D. Mookherjee and D. Ray (2001) Readings in the
Theory of Economic Development. Blackwell
Readings for Contemporary Economics, Blackwell
Publishers.
7.Hent Diana Economic theories of Development An
analysisofcompetingparadigm
8.MeierandBaldwinEconomicDevelopment.
9.J. Behrman and T. N. Srinivasan (Eds), (1995)
HandbookofDevelopmentEconomics,Elsevier.
10.Bardhan Pranab and Christopher Udry Development
MicroEconomics(2000)OxfordUniversitypress,New
York.
11.Nafziger Economics of Developing countries (1997)
PrenticeHall.
12.M. L. Jhingan, The Economics of Development and
Planning,38thed.(2005)VrindaPublications.
MEC133RESEARCHMETHODOLOGYFOR
APPLIEDECONOMICS(2016Batch)
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
To understand the importance of research in creating
and extending the knowledge base of one's subject
area
Todistinguishbetweenthestrengthsandlimitationsof
different research approaches regarding one's
subject/researcharea
LearningOutcome
Knowledgeoftherangeofqualitativeandquantitative
researchmethodspotentiallyavailable.
The ability to differentiate between the role of
practitionersandtheroleofresearchers.
Anunderstandingofandabilitytocriticallyreflectupon
issuesofethicsandroleoftheresearcher
The skills to work independently, to plan and to carry
outasmallscaleresearchproject.
Teaching
Hours:15
Unit1
Introductiontoresearch&research
methods
Ways of knowing and understanding the world and the
research process The nature of knowledge and theory
Philosophy of Social Science Research Relevance of
SocialScienceResearchObjectivityandValuesinSocial
Sciences.
Unit2
Teaching
Hours:10
LogicofScientificInvestigation
Theory Construction in Social Science Research
Approaches to Social Science and Managerial Research,
Theoretical, Applied and Action Research Ethical Issues
in Research on Human or Social Subjects Nonsexist
approachinSocialSciences.
Unit3
Teaching
Hours:15
ResearchDesign
ReviewofLiteratureIdentificationofResearchGapsand
Research Needs Identification, selection and formulation
of
research
problem
Formulating
Hypotheses/Propositions/Issues, conceptualizing research
problem.
Unit4
Teaching
Hours:10
OverviewofSocialScienceMethodology
Unidisciplinary,
interdisciplinary,
multidisciplinary
methodologies Quantitative Research Methods: An
Overview Qualitative Research Methods: An Overview
HistoricalMethodCaseStudyMethodActionResearch
Monitoring and Evaluation Triangulation (including/mixing
QualitativeandQuantitative)Methods.
Unit5
Teaching
Hours:10
Informationneedsanduseinsocial
sciences
Secondary Sources of Information: Using and Integrating
secondary and primary information Quantitative Data:
Kinds and quality of Data, demography, labour force,
agriculture,industryQuantitativeData:Humanresources,
education, health, housing, employment, banking,
rural data bas Quantitative Data: Survey Reports,
Research Studies, Historical Data Tools Statistical
Systems International, National and Local: Objectivity,
Reliability and Validity of Data Surveys and
Questionnaires: Questionnaire, Schedule Design and
Construction, Sample Surveys, Survey Administration
Observation Structured and unstructured, Recording
and Interpretation of Observations, Ethnography

Interviews:NatureoftheInterviewProcessStructuredand
Unstructured Interviews, Focus Groups, Group
Discussions.
Teaching
Hours:10
Unit6
AnalysisofQualitativeandQuantitative
Data
Choice of Statistical and Processing Techniques
Interpretative Narrative Methods Theory of the Testing of
HypothesesPresentationofResearchFindings,Products
of Research, Thesis Writing Factors conducive to
researchutilization.
EssentialTextBooks:
1.Alan Bryman (2012). Social Research Methods,
OxfordUniversityPress.
2.Foddy, W (1993). Constructing Questions for
InterviewsandQuestionnaires:TheoryandPracticein
Social Research, Cambridge: Cambridge University
Press
3.FitzGibbon, C. T. and L. L. Morris (1987). How to
AnalyseData,NewburyPark:SagePublications,Inc.
RecommendedReading:
1.Bell,J.(1993).Doingyourresearchproject:aguidefor
firsttimeresearchersinEducationandSocialScience,
Buckingham,UK:TheOpenUniversity.
2.Borg, W.R., & Gall, M.D.(1983). Educational
Research: An Introduction (Fourth ed.) New York:
LongmanInc.
3.Brinberg,D.andMcGrath,J.E.(1985).Validityandthe
research process, Newbury Park, CA: Sage
Publications,Inc.
4.Erickson, F.(1986). Qualitative methods on research
on teaching. in M.C. Wittrock (ed.), Handbook of
research on teaching (3rd ed., pp. 119 161). New
York:MacMillan.
MEC134STATISTICSANDCOMPUTER
APPLICATIONS(2016Batch)
MaxMarks:100
CourseObjective
NoofLecture
Hours/Week:4
Credits:4
Theobjectiveofthepaperistomakestudentsfamiliarwith
theory and application of statistical methods. This course
coversthestatisticalfoundationsofdataanalysisincluding
the statistical theory and its applications in Economics. In
particular, this module broadly covers the descriptive
statistics, theory of probability, statistical distributions,
estimation and hypothesis testing, and nonparametric
tests.
LearningOutcome
To provide an understanding of the concepts and
methodsofStatistics,forapplicationindataanalysis
Togetstatisticalskillrequiredfortheanalysisofsocio
economicdata
To provide handson training in data analysis (along
withcomputerapplications)
Emphasis is on application (including analysis and
interpretation) rather than theoretical derivations. The
ideaistoimparttrainingonhowtomakeanargument
withdata
Unit1
Teaching
Hours:5
DescriptiveStatistics
Mean, Median, Mode, Geometric Mean and Harmonic
MeanPartition ValuesMeasures of Dispersion Absolute
and Relative Measures of Dispersion, Mean Deviation,
StandardDeviation,CoefficientofVariation,LorenzeCurve,
Moments,SkewnessandKurtosis
Unit2
Teaching
Hours:10
ProbabilityTheory
Concept of probabilityconditional probability and Bayes
theorem, random variables discrete and continuous,
density and distribution functions, joint, marginal and
conditionaldistribution,momentgeneratingfunction,lawof
large numbers and Central Limit theoremTheory of
Distribution Discrete versus continuous distribution,
uniform, binomial, negative binomial, Poisson, geometric
and hypergeometric, normal, lognormal, exponential,
gamma and beta distribution, characteristic function
Sampling Methods and Sampling distributions Simple
random sampling: with and without replacement, stratified
randomsampling,probabilityandnonprobabilitysampling,
statistic and sample moments, sampling distributions:
Studentst,ChisquareandFdistribution,determinantsof
samplesize
Unit3
Teaching
Hours:10

TheoryofEstimation
Pointandintervalestimation,propertiesofgoodestimators:
Unbiasedness,consistency,efficiency,differentmethodsof
estimation, maximum likelihood and method of moment
estimation,propertiesofmaximumlikelihoodandmethodof
moment estimators, confidence interval for unknown
parameters
Unit4
Teaching
Hours:15
HypothesisTesting
Statisticalhypothesis,simpleversuscompositehypothesis,
critical region, types and size of error typeI and typeII
error, power of a test, NeymanPearson lemma, trinity of
classical tests (Wald test, Lagrange multiplier, likelihood
ratio), application of hypothesis testing with known and
unknown variances, Chisquare test for testing
independence of twoclassification criteria, test for
correlation Parametric and Non parametric tests ANOVA
Interactional effects Multivariate Analysis of variance
(MANOVA) Analysis of covariance (MANCOVA) Non
parametric Tests Chi square test Test of goodness of fit
Kolmograv Smirnov Test Krushal wallis test of one way
ANOVA Mann Whitney U test Sign test kendall s
coeffeceintsofconcordanceTurkeysHSDtestsDuncan
sMultirangetestFriedmantwoanalysis
Unit5
Teaching
Hours:15
CorrelationandRegression
Correlation Analysis: Meaning Types of correlation
Methods of studying correlation: Scatter diagram method,
Graphic method, Karl Pearsons coefficient of correlation,
Rankmethod,Concurrentdeviationmethod,andMethodof
leastsquaresTheCoefficientofDeterminationTestingthe
Significance of the Correlation CoefficientPartial and
multiple correlations Regression Analysis Least Squares
Principle The Standard Error of Estimate Assumptions
Underlying Linear RegressionMultiple regression Index
Numbers: meaning and importance problems in the
construction of index numbers Types of index numbers:
priceindexquantityindexvalueindexconstructionof
price index numbers: unweighted and weighted indices
construction of quantity and value indices tests of
adequacyofindexnumberformulaedeflatingConsumer
Price Index Number: meaning and uses problems in the
construction of cost of living index number methods of
constructingcostoflivingindex:aggregateexpenditureand
family budget methods limitations of index numbers
softwareApplications.
Teaching
Hours:5
Unit6
TimeSeriesAnalysis
Concept and components Trend Projection Moving
Averages methodLeast square methodconstruction of
Seasonal indices Index Numbers concept price,
quantity and value relations Laspeyers, Paasches and
Fishers Index Numbers Time and factor reversal tests
ProblemsinconstructionofIndexNumbers,TestsforIdeal
IndexNumbers
EssentialTextBooks:
1.Speigal. M.R.(1992), Theory and Problems of

Statistics,McGrawHill,London
2.Monga,G.S.(1972), Mathematics and Statistics for
Economists,VikasPublications,NewDelhi.
3.Yamane, Taro (1975), Mathematics for Economists,
PHI,NewDelhi.
4.Anderson,Sweeny&Williams,StatisticsforBusiness
andEconomics
5.MurrayS.Speigel,Statistics,SchaumSeries
6.Nabendu Pal & Sahadeb Sarkar, Statistics Concepts
andapplications
RecommendedReading:
1. Nabendu Pal & Sahadeb Sarkar, Statistics Concepts
andapplications
MEC141AAPPLIEDFINANCIAL
ECONOMICS(2016Batch)
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
Financialeconomicsisthebranchofeconomicsconcerned
with the working of financial markets, such as the stock
marketandthefinancesofcompanies.Thecoursefocuses
equallyonthetheoreticalframeworkaswellasthepractical
aspectsofthefunctioningoffinancialmarkets.Thecourse
is intended to provide an indepth understanding of the
operational issues of capital and money market network
alongwithitsregulatoryframework.
LearningOutcome
This course provides a thorough conceptual and practical
operations of the financial markets, institutions and
instrumentsnetworkinIndiancontext.
Unit1
Teaching
Hours:5
TheoreticalFoundationforFinancial
Economics
Introduction to Financial Economics Finance and
Economics Role of Financial Intermediation Financial
SystemandEconomicDevelopmentTimeValueofMoney
Future value Present value Newman Morgenstern
Utility Index Constructing N M Utility Index Distinction
betweenNMutilityandneoclassicalutilitymeasurement
Application of NM Utility Index Freidman Savage
Hypothesis Capital Asset Pricing Model Limitations of
CAPMArbitragePricingModelLawofoneprice
Unit2
Teaching
Hours:5
RiskReturnTradeoff
DifferentsourcesofriskTheprocessofRiskReturnTrade
Off Measure risk Markowitzs Portfolio theory
ExpectedrateofreturnsVarianceandstandarddeviation
Covariance of return Correlation Standard deviant of
portfolio Efficient portfolio Attitude towards Risk Risk
Avertervs.RiskLoverRiskLoversgambleRiskNeutral
SituationRiskAversionandInsuranceEstimatingfirms
beta
Unit3
Teaching
Hours:5
MarketEfficiency
FinancialMarketefficiencyWeakformefficiencySemi
strongformefficiencyStrongformefficiencyDeparture
frommarketefficiencyFinancialmarketEfficiencytests
for market efficiency Financial Sector Reforms
Philosophy of Financial Sector Reforms Achievements
AreasofConcernsinFinancialSectorReforms
Unit4
Teaching
Hours:10
FinancialMarkets
Components of financial markets Money markets and
capital markets Primary and secondary markets
OrganizedandoverthecountermarketsCommodityand
currency market Derivative market Securities traded in
financial markets Financial Instruments T Bills
CommercialpapersCertificatesofDepositsReposand
Reverse repos Bond Markets Treasury bonds State
andMunicipalGovernmentbondsCorporateBondsZero
Coupon Bonds Convertible bonds callable bonds
putable bonds Fixed and floating rate bonds
InternationalbondsInstrumentsincapitalmarkets
Unit5
Teaching
Hours:10
PrimaryMarket
InitialPublicOffersFollowonpublicofferRightsissue
Bonus issue Qualified Private placements Function of
merchant banker Preissue obligations Postissue
obligationsPricingofPublicissuepricebandsCredit
Rating Dutch auction Book Building PostIssue
Obligations Eligibility Norms Contribution of Promoters
and lockin Demat Issues Euro Issues Applications
Supported by Blocked Amount (ASBA) Qualified
InstitutionsPlacement(QIP)
Unit6
Teaching
Hours:10
SecondaryMarket
DepositorysystemStockexchangesDemutualizationof
stockexchangesListingofsecuritiesInternettrading
TradinginSecondaryMarketstypesordersLimitorders
Market orders Stop loss order Day order Cancel
OrderMatchingOrdersCircuitbreakersInsiderTrading
Unfair trade Practices Buy back Overthe counter
Markets
Unit7
Teaching
Hours:5
Derivativemarket
Forwards, Options and futures Call and put option
SpeculatingwithcalloptionSpeculatingwithputoptions
Determinants of call option premium Determinants of put
optionpremium
Unit8
Teaching
Hours:5
FinancialPlanning
SpecificationofInvestmentgoalsInvestmentAlternatives
Analysis of Individuals Environment and Resources
Establishment of Financial Plans The Capacity to Meet
Financial Emergencies Desire to Finance Identifiable
FuturePurchasessuchasChildrensEducationTheNeed
for Additional Income Desire to Accumulate an Estate
Desire to speculate Asset allocation Monitoring and
evaluationActivevs.passiveportfoliomanagement
EssentialTextBooks:
1.Copeland,T.E.andJ.F.Weston,1988,FinancialTheory
andCorporatePolicy,AddisonWesley.
2.Hull,J.M,2003,Futures,OptionsandotherDerivatives,
PrenticeHall.
3.Ross.S.A., Randolph W Westerfield, Bradford D
Jordan,andGordonSRoberts,2005,Fundamentalsof
CorporateFinance,McGrawHill.
4.Robert C Radcliffe, Investment Concepts, Analysis
andStrategies.
5.Machiraju H R, Indian Financial System, Vikas
PublishingHouse
6.Donald E Fisher, Roland J Jordan, Security Analysis
andPortfoliomanagement,EasternEconomyEdition.
7.Doglas Hearth and Jannis K ziama, Conemporary
investment: Security and (PortfolioAnalysis, The
DrydenPress)
8.JL.Farrell,PortfoliomanagementMcGrawhill
9.ReghuPalat,FundamentalAnalysis.
10.Jay Shanken, The Arbitrage pricing Theory: is it
testable?JournalofFinance37:5
11.Journalsa.Journal of Finance, b.Journal of Financial
Economics, c.Econometrica d. Review of Financial
Studies
RecommendedReading:
1.WilliamSharpe,GordonAlexanderandJefferyBailey,
Investments 5/e, Prentice Hall of India, Chapters 1
13(Selectively),20,22.
2.Hendrick S. Houthakker and Peter J. Williamson
(latest edition), The Economics of Financial Markets,
OxfordUniversityPress,Selectedchapters.
3.John Eatwell, Murray Milgate and Peter Newman
(eds.),Finance:TheNewPalgrane, Norton, Chapters
by Stephen Ross (Finance) and J.E. Ingersol (Option
PricingTheory)
4.L.M. Bhole, Financial Institutions and Markets, 3/e,
TataMcGrawHill.
MEC141BPOLITICALECONOMYOFINDIA
(2016Batch)
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
The core purpose of the course is to contextualise
economic discourse through an interdisciplinary approach.
The course introduces the interface between economics
and politics. Secondly it extends this interface to issues of
theIndianEconomysinceindependence.
LearningOutcome
This course enables students to acquire an orientation to

interdisciplinarity in the content of economics especially
withreferencetoitinterrelationshipwithpoliticalrealities
Unit1
Teaching
Hours:5
Introduction&ImportanceofPolitical
Economy
Economics and Liberal Theory Economic Justice and
EfficiencyBasicsofMarxianTheoryofSurplusValueand
Capital Appropriation The Invisible Hand Debate of the
Markets Understanding the Problematic Convenience of
Money, Banks and Finance Political Economy debate of
Comparative Advantage versus Imperialism Introduction
to Globalisation and the Political Economy of the External
Sector.
Unit2
Teaching
Hours:20
IntroductiontoIndia'sPoliticalEconomy
Origins of Comparative Development: A brief idea
Accommodative Politics and Radical Social Change
ClassConciliationandClassStruggleGoalsofEconomic
Planning Problems of Rapid Industrialisation: The
Deceleration in Industrial Growth Growth in Agriculture
andSlowAgrarianReform.
Unit3
Teaching
Hours:12
PoliticalEconomyDebateson
ImplementationinIndianEconomic
Planning
Problems of Implementation The Crisis to the Socialist
Principles and Goals of Planning Public Investment and
Economic Growth The Crisis of Planning & Political
Stability.
Unit4
Teaching
Hours:18
ThePoliticalEconomyofReforms
Radicalisation of Indian Politics, Class Struggle and the
challenge of Redistribution Understanding Indias
Economic, Social and Political Conflicts: Autonomy of the
State,DominanceoftheProprietaryClass&theDominant
Coalition Impact of Conflicts: on Public Mobilisation, on
Capital Management and the Democratic Process
RegulatoryMechanismandtheRoleoftheState.
EssentialTextBooks:
1.Hahnel, Robin. (2002), The ABCs of Political

EconomyAModernApproach,PlutoPress.
2.Frankel,FrancineR.(2005),IndiasPoliticalEconomy
19472004(2nded.),OxfordUniversityPress.
3.Bardhan, Pranab. (2011), The Political Economy of
Development in India (12th ed.), Oxford University
Press.
RecommendedReading:
1.Mukherji, Rahul (Eds).(2007), Indias Economic
Transition: The Politics of Reforms, Oxford University
Press.
2.Caparaso, James A. & Levine, David P. (1992).
Theories of Political Economy, Cambridge University
Press.
3.Weingast, Barry R. & Wittman, Donald A (2008), The
Oxford Handbook of Political Economy, Oxford
UniversityPress.
MEC231MACROECONOMICTHEORYAND
POLICYI(2016Batch)
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
This paper aims at strengthening the knowledge of
important macroeconomic variables and their role in
determiningtheequilibriumlevelofoutputandemployment
andprovidesinsightsintothefactorsinfluencingthecapital
inflows and outflows in an open economy model. It helps
the students to understand the theoretical foundation of
macroeconomicsandthecontributionofdifferentschoolsof
thought to the further development of macroeconomics.
The students will be able to critically evaluate the
consequences of basic macroeconomic policy options
underdifferingeconomicconditions.
LearningOutcome
Students will learn about the determinants of
macroeconomic conditions (national output, employment,
inflation), causes of business cycles, and interactions of
monetary and financial markets with the real economy,
familiarizing themselves in the process with major
economictheoriesofrelevance.
SpecificObjectives:
a. Students will be able to identify the

determinants of various macroeconomic
aggregates such as output, unemployment,
inflation, productivity and the major challenges
associated with the measurement of these
aggregates.
b. Students will be able to discuss the linkages
betweenfinancialmarketsandtherealeconomy,
and how these linkages influence the impact of
economicpoliciesoverdifferingtimehorizons.
c. Students will be able to describe the main
macroeconomic theories of short term
fluctuationsandlongtermgrowthintheeconomy.
d. Students will be able to critically evaluate the
consequences of basic macroeconomic policy
optionsunderdifferingeconomicconditionswithin
abusinesscycle.
Unit1
Teaching
Hours:10
IncomeandOutputdetermination
ThedevelopmentofmacroeconomicsActualandpotential
outputGNPidentityontheproduct,incomeanddisposition
sideThe government sector and foreign sectorClassical
theory of income and employment The saving investment
balance The labour market equilibrium Aggregate
demand and supply, money and prices in classical model
Keynes theory of employment Consumption function,
investment demand Effective demand Determination of
equilibrium income Theory of multiplierDerivation of the
expendituremultiplier.
Unit2
Teaching
Hours:14
DemandsideandSupplyside
Equilibrium
Equilibrium income and the interest rate determination in
the product market Equilibrium income and the interest
rate determination in the money market Derivation of IS
and LM curvesShift in IS and LM curvesSimultaneous
equilibriumFiscalandmonetarypolicyeffectsondemand
Interaction of monetary and fiscal policies Aggregate
supply in the short run and long runSupply side
disturbancesandreactionsDemandsidedisturbancesand
reactionsDetermination
of
equilibrium
income,
employment,rateofinterestandpricelevel.
Unit3
Teaching
Hours:10
Consumption,SavingandInvestment
Theories of aggregate consumption Absolute income
hypothesis Relative income hypothesis Life cycle
hypothesisPermanentincomehypothesisRobertHalland
Random Walk Hypothesis Nonincome factors affecting
consumptionTheMPSmodelThewealtheffectinthestatic
modelThe present value criterion for investmentThe
marginal efficiency of investmentInvestment demand and
output growthThe accelerator principle and stabilization
policyThe rental cost of capital and investmentTobins q
theoryofinvestment.
Unit4
Teaching
Hours:16
MonetaryandFiscalpolocy
The instruments of monetary policyThe mechanism of
monetary expansion money growth targeting and inflation
targetingTheeffectsoffiscalpolicychangesThreeranges
of LM curveThe effectiveness of monetary and fiscal
policy:MonetaristsandFiscalistsTaxratechangesandthe
budget deficitFiscal stimulus and deficit financing
crowding out and crowding in controversy Quantitative
easing policies macroeconomic policies in advanced and
emergingeconomies.
Unit5
Teaching
Hours:10
TheExternalSectorequilibrium
The current account and product market equilibriumThe
capital account and balance of payments equilibrium
Balance of payment adjustment and the LM curve The
Classical approach: The automatic adjustment method
Balance of payment adjustment by policy measures:
MundellFleming model The expenditure changing
policies The expenditure switching policy: Devaluation
MonetaryapproachtoBalanceofpaymentadjustments.
EssentialTextBooks:
1.William.H.Branson (2005). Macroeconomic Theory

and Policy, Third Edition, All India Traveller Book
SellerPublishers,NewDelhi.
2.D.N. Dwivedi. (2005). Macroeconomics:Theory and
Policy.2ndEdition,TataMcGrawHillEducation.
3.Levacic and Rebman. (1982). Macro Economics: An
Introduction to Keynesian and NeoClassical
Controversies.2ndEdition,MacmillanPublishers.
RecommendedReading:
1. N. Gregory Mankiw. (2012). Macroeconomics. 8th

Edition,WorthPublishers.
2.Dornbusch,Fischer,Startz.(2010).Macroeconomics.
11thEdition,TataMcGrawHill.
3.GraemeChamberline&LindaYueh(2006).Thomson
Learning.
4. Burda and Wyplosz (2009). Macroeconomics: A
EuropeanText,FifthEdition,OxfordUniversityPress,New
York.
5. M. Maria John Kennedy (2011). Macroeconomic
Theory,PHILearningPrivateLimited,NewDelhi.
6. H.L.Ahuja. (2012). Macroeconomics: Theory and
Policy.18thRevisedEdition,SultanChandPublishers.
7. Brain Snowdown, Howard Vane and Peter
Wynarczyk. (1995). A Modern Guide to Macro Economics:
AnIntroductiontoCompetingSchoolofThought.
8. Edward Shapiro. (2011). Macroeconomic Analysis.
5thEdition,GalgotiaPublicationLtd.
9. Ackley.G. (1978). Macro economics: Theory and
Policy,Macmillan,NewYork.
MEC232ENVIRONMENTANDRESOURCE
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
This course aims at a detailed treatment of the linkage
betweenenvironmentandthenaturalresourceendowment.
The economics of exhaustible and renewable resources
andtheirlinkageswithdevelopmentalsoisdealtwithinthis
paper. A detailed understanding of the methodology
ofeconomicevaluationisexpectedfromthestudent.
LearningOutcome
Attheendofthecoursethestudentsareexpectedto
get a thorough grounding in the main theoriies of
environmentalandnaturalresourseeconomics
Theyarealsoexpectedtobefamiliarwiththepractical
aspectsofpollutionabatement
Unit1
Teaching
Hours:5
BasicConcepts
An introduction to Environmental Economics Economy
Environment interaction The Material Balance principle,
Entropylaw.
Unit2
Teaching
Hours:5
EnvironmentVsDevelopment
Relation between development and environment stress
EnvironmentalKuznet'scurve.
Unit3
Teaching
Hours:10
EconomicsofExhaustibleResources
Hotelling'sruleSolowHarwick'sRuleMarketstructureand
optimal extraction policy Uncertainty and the rate of
resourceextractionResourcescarcity.
Unit4
Teaching
Hours:10
EconomicsofRenewableResources
Economic models of forestry and fisheries Extinction of
speciesEconomicsofBiodiversity.
Unit5
Teaching
Hours:10
TheTheoryofExternalityandPublic
Goods
Concepts Market Failure Pigouvian Solution Buchanan's
Theory Coase's theorem and its critique Pigouvian vs.
Coasian solution Detrimental externality and non
convexitiesintheproductionsetPropertyrightsCollective
action.
Unit6
Teaching
Hours:20
TechniquesofValuation
Market and nonmarket valuation Physical linkage

methods Abatement cost methods Behavior linkage
methods Revealed and stated preference Social cost
benefitanalysisEnvironmentalimpactassessment.
EssentialTextBooks:
1.Hanley, N, J.F. Shogren and B. White. Environmental
Economics in Theory and Practice. New York:
MacMillan,1997
2.Arrow, K. J. and Scitovsky, T. Readings in Welfare
EconomicsPartIII.RichardIrwinInc,1969.
3.Bromely, D. W. (ed.). Handbook of Environmental

Economics.Blackwell,1995
RecommendedReading:
1.Jempa,C.andMunasinghe,M.ClimateChange
Policy:Facts,IssuesandAnalyses.Cambridge:
CambridgeUniversityPress,1998
2.Kolstad,Charles,EnvironmentalEconomics,OUP,
2000
3.Sankar,U.(ed.).EnvironmentalEconomics(Readers
inEconomics),OUP,200056
4.Coase,R.H."TheProblemofSocialCost",inBreit,W.
andHochman,H.M.(eds.)Readingsin
microeconomics.RinehartandWinstonInc.,1968.
5.Cropper,M.L.andOates,W.E."Environment
economics:Asurvey".JournalofEconomicLiterature,
June1992.
6.Dasgupta,PandHeal,G.M.EconomicTheoryand
ExhaustibleResources.Cambridge:Cambridge
UniversityPress,1979.
7.Field,B.C.Environmentaleconomics:anintroduction.
NewYork:McGrawHill,1994.
8.Fisher,A.C."Environmentandresourceeconomics",
inOates,W.E.(ed.)Newhorizonsinenvironmental
economics:selectedreadings.Cheltenham,U.K.:
EdwardElgar,1995.
9.Hardin,G."Thetragedyofcommons",inMarkandya,
A.andRichardson,J.(eds.)Earthscanreaderin
environmentaleconomics.London:Earthscan
Publications,1993.
10.Oates,W.E.Economicsoftheenvironment.
Cheltenham,U.K.:EdwardElgar,1992.
11.Perrings,Charles."Ecologicalresilienceinthe
sustainabilityofeconomicdevelopment",inSylvie,F.,
Pearce,D.,andProops,J.(eds.)Newhorizonsin
environmentaleconomics:modelofsustainable
development.Cheltenham,U.K.:EdwardElgar,1996.
12.WorldBank.Developmentandtheenvironment.World
DevelopmentReportseries.Washington,D.C.:World
Bank,1992.
MEC233ADVANCEDMATHEMATICAL
MaxMarks:100
NoofLecture
Hours/Week:4
Credits:4

CourseObjective
Themainobjectivesofthepaperaretotrainthestudentsto
grasp the use of mathematical techniques and operations
toanalyseeconomicproblemsandtoinitiatestudentsinto
various economic concepts which are amenable to
mathematicaltreatment.
LearningOutcome
Exhibiting a sound understanding of mathematical
techniquesdiscussed.
Formulating economic problems in mathematical
terms.
Applying the relevant tools for analysing economic
problems.
Teaching
Hours:10
Unit1
INTRODUCTIONTOMATHEMATICAL
ECONOMICSEQUILIBRIUM(ORSTATIC)
ANALYSIS
EquilibriumanalysisinEconomicsDefinitionofequilibrium
Solution of equilibrium Single vs. multiple equilibrium
Partial vs. general equilibrium. Application: single vs.
multiple commodity marketsLinear Models and Matrix
AlgebraMatrixalgebrawithspecialemphasisonCramers
rule Applications: multiple commodity marketsHeckscher
Ohlin modelComparative Static Analysis Review of
comparativestaticanalysisusingISLMmodelAlternative
approaches Application: MundellFleming model (ISLM
withsmallopeneconomy)
Teaching
Hours:20
Unit2
UNCONSTRAINTOPTIMIZATION
PROBLEMS
Optimization of functions of one variable Main concepts
Firstderivative test or first order conditions Second
derivativeorsecondorderconditions(sufficientconditions)
Applications: Profit maximization (one product) under:
perfect competition monopoly. Cournot competition
(duopoly) Optimization of functions of more than one
variableThedifferentialversionofoptimizationconditions
Extreme values of function of two variables and
comparativestaticaspectofoptimizationApplication:Profit
maximization (two products) under perfect competition
extreme values of function of n variables. Applications: i)
Monopolistsellinginsegmentedmarkets
Teaching
Hours:15
Unit3
CONSTRAINTOPTIMIZATION
PROBLEMS
Lagrangemultiplier methodFirstderivative test or first
order conditionsSecondderivative or second order
conditions.Applications:Utilitymaximizationandconsumer
demand (two goods, one period)Utility maximization and
consumer demand (one goods, two periods) perfect
access to international capital markets.financial autarky.
welfareimplications
Teaching
Hours:15
Unit4
FURTHERTOPICSINOPTIMIZATION
Uncertainty and consumption under capital markets
imperfections Applications: Utility maximization and
consumption under uncertainty of output path and
incomplete markets. Certainty equivalence and
precautionary savings Multiple agents optimization
Application: Optimal taxation. Exogenous government
spendingBenevolentgovernment
EssentialTextBooks:
RecommendedReading:
1.Edward Dowling (2000), Introduction to Mathematical

Economics,McGrawHillLtd,NewDelhi.
2.Chiang, Wainwright, Kevin (2005), Fundamental
MethodsofEconomics,McGrawHillLtd,NewDelhi.
3.Allen R G D(1974).Mathematical Analysis for
Economists,McMillanPressandELBS,London.
4.AllenRGD(1967).MacroeconomicTheory,McMillan
Co.,Ltd.,.
5.Chiang A C (1986). Fundamental Methods of
MathematicalEconomics,McGrawHill,NewYork.
6.Koutsoyiannis A. (1979). Modern microeconomics,
2nded,ELBSwithMcMillan.
7.Mona G S. (1996) Mathematics and Statistics for
Economics,VikasPublishingHousePvt.Ltd.,Delhi.
8.Yamane, Taro (1975) Mathematics for Economists,
PrenticeHallofIndia,NewDelhi.
9.MehtaMadnani (2005) Mathematics for Economists,
SultanChandandSons,NewDelhi.
10.Eugene Diulio, Macroeconomics, Schaums Outlines,
McGrawHill.
MEC234ECONOMETRICMETHODS(2016
Batch)
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
Thecourseisdesignedtoimpartthelearningofprinciples
of econometric methods and tools. This is expected to
improve students ability to understand of econometrics in
thestudyofeconomics.Thiscourseisintendstoprovidea
thorough and sound understanding of the essential
theoretical base, an introduction into the important and
usefultechniquesofmodelingandalsoanunderstandingof
thebroadapplicationsofeconometrics.
LearningOutcome
1)Toprovidestudentswithathoroughcoverageofmodern
econometrics, such that they can potentially develop
substantivenewempiricalfindingsandtheoreticalresults.
2) Introduce students to the econometric theory and its
applicationinordertoequipthemwiththebasicknowledge
required for performing quantitative analyses of economic
models.
3) To help students develop handson skills in the
application of econometric and quantitative techniques to
realworldeconomicandbusinessdata.
Teaching
Hours:10
Unit1
RegressionAnalysis
Linearregressionmodel,twovariablesandmultivariables,
BLUE property, general and confidence approach to
hypothesistesting,partialeffectsandelasticity,goodnessof
fit, model evaluation, matrix approach to linear regression
models
Teaching
Hours:10
Unit2
ExtensionofLinearRegressionModels
Consequences and detection of multicollinearity,
heteroskedasticity,andautocorrelationremedialmeasures
Teaching
Hours:10
Unit3
DummyVariables
Regression on qualitative and quantitative variables,
dummy variable trap, structural stability of regression
models,Chowtest,piecewiselinearregressionmodel
Teaching
Hours:10
Unit4
SimultaneousEquationModels
Simultaneity bias, structural versus reduced form,

identification: rank versus order condition, exact and over
identifications, triangular model, methods of estimation
including indirect least squares, twostage least squares
andthreestageleastsquares,LIMLandFIML
Unit5
Teaching
Hours:20
DistributedLagModels
Formation of expectations, nave expectation versus
adaptive expectations models, partial adjustment models,
distributed lag models Koycks model, Almon lag,
polynomial distributed lag models, end point restriction,
rationalexpectationsmodels
EssentialTextBooks:
1) A Koutsoyiannis (2001), Theory of Econometrics,

PalgraveMacmillan,2ndEdition.
2) Damodar N Gujarati and D C Porter (2009), Basic
Econometrics,McGrawHillPublication,5thedition.
3)WooldridgeMJeffrey(2016),IntroductoryEconometrics:
AModernApproach,CengageLearning,6thEdition.
RecommendedReading:
1) Christopher Dougherty (2007), Introduction to
Econometrics, Oxford University Press, 3rd edition, Indian
Edition.
2) Jan Kmenta (2008), Elements of Econometrics, Indian
Reprint,KhoslaPublishingHouse,2ndedition.
3) Johnston J (1972), Econometric Methods, McGraw Hill
BookCompany,NewYork.
4) Lawrence Klein, An Introduction to Econometrics,
PrenticeHallInc,EnglewoodCliffs.NewJersy.
5) Maddala, G.S and Kajal Lahiri (2009), Introduction to
Econometrics,4thedition,WileyPublication.
MEC241AECONOMICSOFBANKINGAND
INSURANCE(2016Batch)
MaxMarks:100
NoofLecture
Hours/Week:4
Credits:4

CourseObjective
Thispaperisdesignedtopreparethestudentswithtraining
intheoreticalandpracticalaspectsofInsuranceScience.It
also equip them to work in life and nonlife insurance
companies(designinginsuranceproducts,valuingfinancial
contractsandinvestingfunds)consultancy(offeringadvice
tooccupationalpensionfundsandemployeebenefitplans)
governmentservice(supervisinginsurancecompaniesand
advising on the national insurance) and also in the stock
exchange, industry, commerce and academia. This paper
alsodevelopsthecaliberofthestudentstounderstandthe
banking procedure with its command on money inflow in
themarket.
LearningOutcome
1)Tomakestudentstounderstandthebehaviourofbanks
and at addressing some of the major trends in domestic
andinternationalbankinginrecenttimes
usingthebasictoolsofeconomicanalysis.
2) To prepare the students with training in theoretical and
practicalaspectsofInsuranceScience.
Unit1
Teaching
Hours:10
Risk,UncertaintyandAsymmetric
InformationinBankingandInsurance
Markets
Contingent Consumption Utility Functions and
Probabilities Expected Utility Theory in Insurance Market
RiskpoolingriskspreadingrisktransferQualityChoice
ChoosingtheQualityMoralHazardandAdverseSelection
in Banking and Insurance Theories Signaling The
Sheepskin Effect Incentives Asymmetric Information
Monitoring Costs Example: The Grameen Bank Systems
Competition The Problem of Complements Relationships
among Complementors Markets with Network
Externalities.
Unit2
Teaching
Hours:17
BankingTheoriesandInstitutions
The Monetary Policy of RBI Bank Nationalisation and
Credit Planning Monetary Targeting Multiple Indicator
Approach and Liquidity Adjustment Facilities (LAFs)
Theoretical Basis of Banking Operations Liabilities of
Banks deposits, nondeposit resources, other liabilities
Banking Assets Investments, Bank Credit Concept of
Lending and Portfolio Choice and Aspects Banking
Innovations Risk Management in Banking NonBank

Financial Intermediaries (NBFIs) and Statutory Financial
Organisation Small Savings, Provident Funds and
Pension Funds NBFIs and Miscellaneous Financial
Organisation Loan Companies, Investment Companies,
HirePurchaseFinanceLeaseFinanceHousingFinance.
Unit3
Teaching
Hours:13
LifeInsurance
Types of life insurance Contracts: Term and Cash
Insurance The Level Premium Concept Life Insurance
Products Types of Term Insurance Whole Life Insurance
Variation of Whole Life Insurance Indeterminate Premium
Whole Life Insurance General Classifications of Life
Insurance Computation of Life Insurance Premium
BenefitsCertainandBenefitsUncertaincontracts.
Unit4
Teaching
Hours:10
HealthInsurance
IndividualHealthandDisabilityIncomeInsuranceTypesof
Individual Health Insurance Coverage: Hospital (Surgical
Insurance, Major Medical Insurance) Disability Income
Insurance Need for Disability Income Insurance: Short
Term Versus Long Term Disability Coverage Health
Insurance for the Elderly Long Term Care Insurance
Employee Benefits: Group, Life and Health Insurance
Group Insurance: Group Life Insurance Plans, Group
Health Insurance Plans, Group Disability Income
Insurance.
Unit5
Teaching
Hours:10
InsuranceCompanyOperations
Insurance Company Operations: Rate Making,
Underwriting, Production, Claim Settlement, Reinsurance
Life Insurance Industry in India Government Insurance
Units Private Players Emerging Scenario Marketing
Systems Distribution Channels: Agents and Brokers
Changes in Distribution System Government regulation of
Insurance Rationale of Regulation Function of IRDA,
IITDARegulationsIssuesinInsuranceRegulation.
EssentialTextBooks:
1.Ackley, G. (1978), Macroeconomics: Theory and

Policy,Macmillan,NewYork.
2.BholeLM(2009),FinancialInstitutionsandMarkets,
5thEdition,TataMcGrawHill.
3.Carmichael, J., and M. Pomerleano. 2002. The
Development and Regulation of NonBank Financial
Institutions.Washington,DC:WorldBank.
4.Folland,S.,M.Stano,andA.C.Goodman.2004.The
Economics of Health and Health Care. Upper Saddle
River,NJ:Pearson/PrenticeHall.
5.Grant, K., and R. Grant. 2003. HealthInsuranceand
the Poor in LowIncome Countries. World Hospitals
andHealthServices39(1):1922.
6.Hal R. Varian (2007), Intermediate Microeconomics,
5/e,WWNortonandCompany.
7.Reddy, Y.V. (2000), A Review of Monetary and
FinancialSectorReformsinIndiaACentralBankers
Perspective,UBSPD,NewDelhi.
RecommendedReading:
1.Besley, T., J. Hall, and I. Preston. 1998. Private and
Public Health Insurance in the United Kingdom.
EuropeanEconomicReview42(35):49197.
2.1999. The Demand for Private Health Insurance: Do
WaitingListsMatter?JournalofPublicEconomics72
(2):15581.
3.Bodenheimer, T. 1992. Private Insurance Reform in
the 1990s: Can It Solve the Health Care Crisis?
International Journal of Health Services 22 (2): 197
215.
4.Carmichael, J., and M. Pomerleano. 2002. The
Development and Regulation of NonBank Financial
Institutions.Washington,DC:WorldBank.
5.Chakravarty,S.C.(1985),Report of the Committee to
ReviewtheWorkingoftheMonetarySystem,Reserve
BankofIndia,Bombay.
6.Colclough,C.1997.MarketizingEducationandHealth
in Developing Countries: Miracle or Mirage? Oxford
andNewYork:Clarendon.
7.Cutler, D. M., and J. Gruber. 1995. Does Public
Insurance Crowd Out Private Insurance? Cambridge,
MA:NationalBureauofEconomicResearch.
8.1997.MedicaidandPrivateInsurance:Evidenceand
Implications. Health Affairs (Millwood) 16 (1): 194
200.
9.Ensor, T. 1995. Introducing Health Insurance in
Vietnam.HealthPolicyandPlanning10(2):15463.
10.1999. Developing Health Insurance in Transitional
Asia.SocialScienceandMedicine48(7):87179.
11.Glied, S. A. 2001. Health Insurance and Market
FailuresinceArrow.JournalofHealthPolitics,Policy
andLaw26(5):95765.
12.Grant, K., and R. Grant. 2003. HealthInsuranceand
the Poor in LowIncome Countries. World Hospitals
andHealthServices39(1):1922.
13.Keynes, J.M. (1936), The General Theory of

Employment,InterestandMoney,Macmillan,London.
14.Laidler, D.E.W. (1977), Demand for Money: Theory
andEvidence,DumDonValley,NewYork.
15.Manning, W. G., and M. S. Marquis. 1996. Health
Insurance: The TradeOff between Risk Pooling and
Moral Hazard. Journal of Health Economics 15 (5):
60939.
16.McKnight, R. 2002. Essays on the Economics of
Health Insurance. Cambridge, MA: Massachusetts
InstituteofTechnology.
17.Nyman,J.A.2003.TheTheoryofDemandforHealth
Insurance.Stanford:StanfordUniversityPress.
18.Outreville,J.F.1991.UseofComputerTechnologyin
the Insurance Sector of Developing Countries.
Discussion Paper 38, United Nations Conference on
TradeandDevelopment,Geneva.
19.1994. Life Insurance in Developing Countries: A
CrossCountryAnalysis.DiscussionPaper93,United
Nations Conference on Trade and Development,
Geneva.
20.1996. Reinsurance in Developing Countries: Market
Structure and Comparative Advantage. Discussion
Paper 121, United Nations Conference on Trade and
Development,Geneva.
21.1998. Theory and Practice of Insurance. Dordrecht
andBoston:KluwerAcademicPublishers.
MEC241DREGIONALANDURBAN
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
Tounderstandthedynamicsofregionaldevelopment.
To acquaint the student with the underlying theories,
propositionsandproblemsofregionaleconomiesand
methodsofanalyzingthem.
Tounderstandthefactorsofinterregionaldevelopment
andregionalimbalanceinIndia.
LearningOutcome
The course will equip the student with the basic
theoreticalpremisesandanalyticaltoolsthatareused
byanurbaneconomics.
This course will help the students to formulate policy

measures necessary for balanced regiopnal
development.
Unit1
Teaching
Hours:4
RegionalEconomicsAnintroduction
NatureandscopeofregionaleconomicsRootsofregional
economicsDifferenttypesofregionsindicatorsofregional
development.
Unit2
Teaching
Hours:8
LocationTheoryandEconomicActivity
Dynamics of Market areas Transfer oriented firm
Resource oriented firm market oriented firms principle of
median location labour markets and locational choices
LocationalinterdependenceHotelling.
Unit3
Teaching
Hours:7
TheoryofLandUsePatternandIncome
models
Landrent,contractrentandeconomicrentUrbanlanduse
patternsMonocentricandPolycentricModelsoflanduse
PPC and economic growthcomparative advantage
demandbasedmodelsEconomicBasetheory.
Unit4
Teaching
Hours:10
RegionalGrowthAnalysis
Agglomeration economieslocalization in economies
urbanization economies Neo classical growth theory
Endogenous growth theory Product life cycle and firm
locationstapletheoryofeconomicdevelopment.
Unit5
Teaching
Hours:9
RegionallabourmarketsandMigration
LabourmarketstructureregionalwagedifferentialsUrban
education problem: education production function Causes
and consequences of low educational achievement in
central cities Migration Determinants costs and benefits
ofhumanmigrationimpactofmigration.
Unit6
Teaching
Hours:7
InterregionalDifferentialsandRegional
ImbalanceinIndia
Agriculture, Industry, Physical infrastructure,SocialSector
RegionalcharacteristicsinIndiaandimbalancesRegional
development programs and policies to reduce imbalances
inIndia.
EssentialTextBooks:
1.Philips Mcccan (2011). Urban and Regional
Economics,Routledge.
2.OSullivan, A. (2002). Urban Economics, McGrawHill
Irwin.
RecommendedReading:
1.Harvey Armstrong and Jim Taylor(2000). Regional
Economics and Policy, 3rd edition, Blackwell
Publishing
2.Todaro Michael, P. Internal Migration in Developing
Countries: a review of Theory evidence methodology
&researchpriorities,ILOGeneva
3.Shukla,V.(1996)UrbanizationandEconomicGrowth,
HimalayaPublishersPvt.Ltd.
4.Bidyut Mohanty (1993) Urbanization in Developing
CountriesBasicServicesandcommunityParticipation,
InstituteofSocialScience,ConceptPublishingHouse
.
5.Hoover, E.M. (1974), An Introduction to Regional
Economics,AlfredA.Knopf,NewYork.
6.Brahmananda, P.R. and V.R. Panchmukhi (Eds.)
(2001), Development Experience in the Indian
Economy:InterStatePerspectives,Bookwell,Delhi.
7.Beckman, M. (1968), Location Theory, Random
House,London.
8.Dholakia,R.H.(1985),RegionalDisparityinEconomic
GrowthinIndia,HimalayaPublishingHouse,Bombay.
9.Friedman, J. and W. Alonso (Eds.) (1975), Regional
Policy, Readings in Theory and Application, MIT
Press,Cambridge,Mass.
10.Glasson, J. (1975), An Introduction to Regional
Planning:Concepts,Theory and Practice,Hutchison,
London.
11.National Bureau of Economic Research (1957),
Regional Income, Princeton University Press,
Princeton.
12.Rao,H.(1984),RegionalDisparitiesandDevelopment
inIndia,AshishPublishingHouse,NewDelhi.
13.Seth, V.K. (1987), Industrialization in India: A Spatial
Perspective,CommonwealthPublishers,NewDelhi.
MEC331PUBLICFINANCEANDPOLICY
(2015Batch)
NoofLecture
Hours/Week:4
MaxMarks:100
Credits:4
CourseObjective
Tohelpthestudentslearnmoreaboutthefundamental
public policy questions of the day and the key
theoretical and empirical tools of policy analysis in
economics.
To understand the economic challenge of allocating
limited resources among competing uses in a global
economyandacrossdifferentmarketstructuresunder
conditionsoflimitedinformation.
Tounderstandtheroleofgovernmentintheeconomy
inthecontextofbusinessactivity,incomedistribution,
economicgrowth,globalisationandmarketfailure.
LearningOutcome
Equip the students with a solid understanding of
economictheoryandhowitaffectspolicyissues.
Develop an idea about various fiscal policy
instruments and its relevance in the stabilisation
policies.
Understand the relevance of govt intervention in the
contextofmarketfailure.
Unit1
Teaching
Hours:10
RoleofGovernment
Public sector in the economyfunctions allocation,
distribution, public goods, private goods and merit public
goods Market failure Information asymmetry, Market
signalingExternalitiesbasicanalysisandCoasetheorem
Pigoviantaxes.
Unit2
Teaching
Hours:10
PublicChoiceandPublicPolicy
Allocation of resources Private and public mechanism for
allocating resources Problems of preference revelation
and aggregation Voting systems Arrows Impossibility
theorem Political Equilibrium Voluntary exchange model
andSamuelsonsimpossibilityofdecentralisedprovisionof
publicgoodsTieboutmodel.
Unit3
Teaching
Hours:10
PublicExpenditure
TheoriesofpublicexpenditureWagnerslawofincreasing
state activities Peacock Wiseman hypothesesSocial Cost
benefit analysisCriteria for public investmentProject
valuation, Estimation of costs, discount rateEconomic
reforms and control of public expenditure in India Case

studiesonprojectevaluation.
Unit4
Teaching
Hours:12
Taxation
TaxestypesCanonsVATandGSTApproachestoEquity
principle in taxation: Benefit principle Ability to Pay
PrincipleImpactandIncidenceoftaxationModerntheory
ofIncidencemajortrendsintaxrevenueofthecentraland
state governments in India Tax Reforms in India Chelliah
CommitteeReport.
Unit5
Teaching
Hours:8
PublicDebtandBudget
Classical and Keynesian approaches to public debt
AnalyticalconceptsofpublicdebtModerntheoryofpublic
debtSourcesofpublicdebtMethodsofdebtredemption
Principles of debt management and repaymentGrowth of
Indias Public debtZero based budgetingProgramme
budgeting.
Unit6
Teaching
Hours:10
FiscalFederalism
Principles of federal finance Assignment of Functions &
Devolution of Resources and Grants Vertical and
Horizontal Imbalance Methods of Inter governmental
resourcetransferFinanceCommissionRecommendations
Finance Commission Centre state financial relations in
India.
EssentialTextBooks:
1.Musgrave and Musgrave: Public Finance in Theory

andPractice(FifthEdition).
2.Stigliz Joseph, Rosengard J.Kay (2015) . Economics
of the Public Sector.Fourth International Student
Edition.W.W.Norton&Company
3.David N. Hyman (2011). Public Finance A
Contemporary Application of Theory to Practice. 10th
Edition,CengageLearning.
4.Dr.Tyagi B.P., Public Finance, Jai Prakash Nath
Pub.Meerat,(UP)
5.H.L. Bhatia. Public Finance (Fifteenth Revised
Edition).
6.Amaresh Bagchi (ed.). Readings in Public Finance.
OxfordUniversityPress
7.R.K.Lekhi(2015),PublicFinance.KalyaniPublishers
RecommendedReading:
1.BuchananJ.M.,ThepublicFinances,RichardD.Irwin,
Homewood.
2.Jha.R (1998), Modern Public Economics, Routledge,
London.
3.Srivastave.D.K., Fiscal Federalism in India, Har
AnanadPublicationLtd.,NewDelhi
4.Atkinson, A.B. and J.E. Siglitz , Lectures on Public
Economics,TataMcGrawHill,NewYork.
5.Auerbach, A.J. and M. Feldstern (Eds.) Handbook of
PublicEconomics,Vol.I,NorthHolland,Amsterdam.
MEC332APPLIEDECONOMETRICS(2015
Batch)
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
This course covers time series and panel data
econometrics with focus on applications in the field of
macroeconomics and international finance. The course
coversunivariateandmultivariatemodelsofstationaryand
nonstationarytimeseriesinthetimedomain.Theobjective
ofthecoursetodevelopacomprehensivesetoftoolsand
techniques for analyzing various forms of univariate and
multivariate time series, and for understanding the current
literatureinappliedtimeserieseconometrics.
LearningOutcome
The students can apply advanced econometric
techniques for analyzing current research topics in
appliedeconomicandfinanceresearch.
To assist students in getting comfortable with applied
time series models and panel data models through
EVIEWS and STATA statistical packages to manage
andanalyzedata.
To provide students with thorough and sound
understanding of the essential theoretical base of
econometricmodelingandbroadapplicationsoftime
seriesandpaneldataeconometrics.
Unit1
Teaching
Hours:12
StationarityUnivariateModels
Stochastic processes Properties of stochastic process.
Time series as a discrete stochastic process Stationarity
Characteristics of stochastic component of time series
(mean, autocovariation and autocorrelation functions). Lag
operatorUnitroottestsDeterministicandstochastictrend
modelsAugmentedDickeyFullertestPhillipsPerrontest
Estimationandtesting.
Unit2
Teaching
Hours:10
SimultaneousEquationModels
Dynamic simultaneous equations models Granger
causality test Vector Auto Regressive (VAR) models
Impulse Response Function (IRF)Variance Decomposition
Analysis Structural Vector Auto Regressive (SVAR)
modelsEstimationandDiagnosticChecking.
Unit3
Teaching
Hours:12
NonStationaryMultivariateModels
SpuriousregressionCointegrationGrangerrepresentation
theorem Vector error correction models (VECMs)
Structural VAR models with cointegration Testing for
cointegration Engle and Granger (1987) and Johansen
and Juselius (1990) Estimating the cointegrating rank
Estimatingcointegratingvectors.
Unit4
Teaching
Hours:12
ConditionalVarianceModels
Volatility Clustering Leverage Effects Modeling Volatility
AutoRegressive Conditional Heteroscedasticity (ARCH)
Model
Generalised
AutoRegressive
Conditional
Heteroscedasticity (GARCH) Model Extensions to
GARCHExponential GARCH and Threshold GARCH
models.
Unit5
Teaching
Hours:14
PanelDataModels
IntroductiontoPanelDataTypesofpanelsBalancedand
Unbalanced Panel DataBenefits and drawbacks of
longitudinal data. Basic modelsPooled OLSFixed effects
Random effects ModelEstimation and testing Fixed vs
RandomEffectsModelHausmanspecificationtest.
EssentialTextBooks:
1.Kerry Patterson, An Introduction to Applied

Econometrics: A Time Series Approach. Palgrave
Macmillan,2000.
2.WalterEnders,AppliedEconometricTimeSeries.New
York:JohnWiley&Sons,Inc.,1995.
3.Chris Brooks, Introductory Econometrics to Finance
CambridgeUniversityPress,2002
4.B.H.Baltagi,EconometricAnalysisofPanelData,4th
ed.,JohnWiley,NewYork,2008.
RecommendedReading:
1.J.D. Hamilton, Time Series Analysis, Princeton, NJ:
PrincetonUniversityPress,1994.
2.W.Greene,EconometricAnalysis,Macmillan,1993.
3.R.A.Johnson,andD.W.Wichern,AppliedMultivariate
StatisticalAnalysis,PrenticeHall,1988.
MEC333AGRICULTURALECONOMICS(2015
Batch)
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
Thecourseaimstodeepenstudentsunderstandingofhow
economic theory can be applied to policy problems of
agriculturalsector.
LearningOutcome
To explore the economic foundations for public policy
analysisrelatedtoagriculturalissues.
Teaching
Hours:9
Unit1
Introduction
Agricultural Economics: meaning, nature and scope
Capital Formation in Agriculture: National and State level
analysis Pattern of agricultural development: regional
variations Sustainable Agricultural Growth: concepts and
constraints Organic farming Hunger and Malnutrition
EconomicsofFoodDemand.
Teaching
Hours:9
Unit2
GrowthandTechnologicalchangesin
Agriculture
Agricultural productivity: comparison with developed
countries,WaysandMeansforimprovingcropproductivity
Bio Technology: meaning and Scope Green house
technique Food self sufficiency: pre independence and
postindependenceInputsupplyanddistribution:economic
aspects of irrigation and fertilizer use Live stock
management Dairy farming Contract farming Value
addition: processing industry Emerging trends in
agriculturaltechnology.
Teaching
Hours:9
Unit3
ConsumerandProducerTheoryin
Agricultural
Utility and demand functions in consumer behavior
Elasticities, Estimation of demands for agricultural
commodities and policy implication Producer theory in
agriculturaleconomicsStructuralformapproachReduced
form approach on a supply side: Supply response model
RiskandInsurance.
Unit4
Teaching
Hours:13
TheStateandPolicyEnvironmentin
Agriculture
Economicandagriculturalsituationduringplanperiodsand
policy implications Agriculture Pricing Policy: Price
distortionsofpolicyinterventionsinagriculturaleconomics
Food security in India and public distribution system
Policies related to major agricultural commodities Energy
needs for agricultural/rural development Subsidies to
expand farm output and income distribution Labour
mobilityandagriculturalwagepolicyInfrastructuralsupport
foragriculture:transport,storageandmarketsPrice,trade
and international assistance Agricultural Credit and
Indebtedness Research: education and extension needs
Agricultural taxation Tradeoff between agricultural
developmentandenvironmentalquality.
Unit5
Teaching
Hours:9
AgrifoodMarkets:Perspectivesand
Issues
Food market analysis Structure and organization of agri
food markets: developed countries, developing countries
Demand for food in international markets The Marketing
Chain: Retail and Wholesale Markets Marketing Margins
Marketpower,concentrationandconsolidation.
Unit6
Teaching
Hours:11
AgricultureinanInterdependentWorld
Comparative Advantage, Agriculture and International
Trade Trade Policies, Negotiations and Agreements
Agriculture and the Macroeconomy WTO and Indian
agriculture Problems of Agricultural Subsidies Patents
Agricultural Exports: Quantitative Restrictions (QRs) and
Nontariffbarriers.
EssentialTextBooks:
1.Ray, D., Development Economics, 1998, Chapters 2,
9,10,12,and16.
2.von Braun, J, M.S. Swaminathan, and M W.

Rosegrant, Agriculture, Food Security, Nutrition, and
the Millennium Development Goals, Essay, IFPRI,
Washington.DC,2005.
3.Besley, T. and R. Burgess, Halving Global Poverty,
Journal of Economic Perspectives, Vol 17. No 3,
Summer2003,pp.322.
4.Trostle, R., Global Agricultural Supply and Demand:
Factors Contributing to the Recent Increase in Food
Commodity Prices, USDA/ERS WRS0801, May
2008,Washington,DC.
5.North, D., Institutions, Transaction Costs, and
EconomicGrowth,EconomicInquiry,1987.
RecommendedReading:
1.Olson, M. Jr., Big Bills Left on the Sidewalk: Why
SomeNationsareRichandOthersarePoor,Journal
ofEconomicPerspectives,Spring1996.
2.Lee,R.TheDemographicTransition:ThreeCenturies
of Fundamental Change, Journal of Economic
Perspectives,Vol.17,No.4,Fall2003,pp.167190.
3.Cohen, J., Human Population: The Next Half
Century, Science, Vol. 302, November 14, 2003, pp.
11721177.
4.World Bank, Demand and Supply Factor in Fertility
Transitions, Chapter 4 in Population and
Development,1994.
5.Hymer,S.andS.Resnick,AModelofanAgricultural
Economy With NonAgricultural Activities, American
EconomicReview,September1969.
6.Singh, S. and S., Agricultural Household Models,
John Hopkins University Press, Baltimore, 1986,
IntroductionandChapter1.
7.Otsuka, K., Efficiency and Equity Effects of Land
Markets, Chapter 51 in R. Evenson and P. Pingali,
HandbookofAgriculturalEconomics,Volume3,2007,
pp26712703.
8.Townsend, R.M., Consumption Insurance: An
Evaluation of RiskBearing Systems in Low Income
Economies, Journal of Economic Perspectives, Vol 9,
no.3,Summer1995:83102.
9.Morduch, J., Income Smoothing and Consumption
Smoothing,JournalofEconomicPerspectives,Vol9,
No3,Summer1995:103114.
10.Moyo, S., G.W. Norton, J.Alwang, M. Miah, and M.
Deom, Peanut Research and Poverty Reduction:
Impacts of Vaeiety Research to Control Peanut
Viruses in Uganda, American Journal of Agricultural

Economics,May2007,pp.448460.
11.Thompson, R., Globalization and the Benefits of
Trade,ChicagoFedLetter236,March2007.
12.Yotopoulos,Pan,AsymmetricGlobalization,Chapter1
in Yotopoulos and Nugent (Ed) The Asymmetries of
Globalization,Routledge:NewYork,2007.
13.Schiff, Maurice and Alberto Valdez, Agriculture and
the Macroeconomy, with emphasis on developing
countries, in B.L. Gardner and G.C. Rausser,
Handbook of Agricultural Economics, Volume 2A,
2002,Chapter27,pp.14211454.
14.Bouet, A. How Much Will Trade Liberalization Help
the Poor? Comparing Global Trade Models, IFPRI
ResearchBriefN.5,2006.
15.Koo,W.andP.L.Kennedy,TheImpactofAgricultural
Subsidies on Global Welfare, American Journal of
AgriculturalEconomics,88:2(December2006):1219
1226.
16.Krueger,Schiff,andValdes,AgriculturalIncentivesin
Developing Countries: Measuring the Effects of
Sectoral and EconomyWide Policies, The World
BankEconomicReview,1988,pp.255271.
17.Vaidyanathan, A. (1994), Performance of Indian
Agriculture since Independence in Kaushik Basu
(ed.),AgrarianQuestionsOxfordUniversityPress.
18.V.M. Rao, (2001), The Making of Agricultural Price
Policy: A Review of the CACP Reports Journal of
IndianSchoolofPoliticalEconomyvol.XIII,no.1,Jan
March.
19.Robert Evenson, Carl Pray and Mark Rosegrant
(1999),AgriculturalResearchandProductivityGrowth
inIndia(IFPRIResearchReport109).
20.GunvantDesaiandA.Vaidyanathan(1995),Strategic
Issues in Future Growth in Fertiliser Use in India,
Macmillan.
21.Ashok Gulati (2000), Indian Agriculture in an Open
Economy: Will it Prosper? in Ahluwalia and Little
(eds.), Indias Economic Reforms and Development:
Essays for Manmohan Singh, Oxford University
Press.
22.Schiff, M. and L.A. Winters, Regional Integration
Agreements: An Overview, Chapter 1 in Regional
Integration and Development, The World Bank,
WashingtonDC,2003,pp130.
23.Koo,W.,P.Kennedy,andA.Skripnitchenko,Regional
Preferential Trade Agreements: Trade Creation and
Diversion Effects, Review of Agricultural Economics,
28(3)(2006):408415.
24.Kelly, T., Why Are Developing Countries Still

Negotiating? The WTOs Successes at the Doha
Round, Challenge, Vol 48, No. 3 (May/June 2005):
109124.
25.Martin, W. and K. Anderson, The Doha Agenda
Negotiations on Agriculture: What Could They
Deliver?AmericanJournalofAgriculturalEconomics,
88(5)(2006):12111218.
26.Krugman, P. What Should Trade Negotiators
Negotiate About? Journal of Economic Literature,
March1997.
27.Calvo,GandFMishkin,TheMirageofExchangerate
Regimes for Emerging Countries, Journal of
EconomicPerspectives,Vol.17,No.4,Fall2003,pp.
99110.
28.Fischer, S., Exchange Rate Regimes: Is the Bipolar
ViewCorrect?,JournalofEconomicPerspectives,Vol
15,Spring,2001,pp324.
29.Mellor, J.W., Foreign Aid and AgricultureLed
Development, Chapter 3 in C. Eicher and J. Staatz
International Agricultural Development, Johns
Hopkins,1998.
MEC335POLITICALECONOMYOFINDIA
(2015Batch)
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
The core purpose of the course is to contextualise
economic discourse through an interdisciplinary approach.
The course introduces the interface between economics
and politics. Secondly it extends this interface to issues of
theIndianEconomysinceindependence.
LearningOutcome
This course enables students to acquire an orientation to
interdisciplinarity in the content of economics especially
withreferencetoitinterrelationshipwithpoliticalrealities
Unit1
Teaching
Hours:12
Introduction&ImportanceofPolitical
Economy
Economics and Liberal Theory Economic Justice and
EfficiencyBasicsofMarxianTheoryofSurplusValueand
Capital Appropriation The Invisible Hand Debate of the
Markets Understanding the Problematic Convenience of
Money, Banks and Finance Political Economy debate of

Comparative Advantage versus Imperialism Introduction
to Globalisation and the Political Economy of the External
Sector.
Unit2
Teaching
Hours:18
IntroductiontoIndia'sPoliticalEconomy
Origins of Comparative Development: A brief idea
Accommodative Politics and Radical Social Change
ClassConciliationandClassStruggleGoalsofEconomic
Planning Problems of Rapid Industrialisation: The
Deceleration in Industrial Growth Growth in Agriculture
andSlowAgrarianReform.
Unit3
Teaching
Hours:12
PoliticalEconomyDebateson
ImplementationinIndianEconomic
Planning
Problems of Implementation The Crisis to the Socialist
Principles and Goals of Planning Public Investment and
Economic Growth The Crisis of Planning & Political
Stability.
Unit4
Teaching
Hours:18
ThePoliticalEconomyofReforms
Radicalisation of Indian Politics, Class Struggle and the
challenge of Redistribution Understanding Indias
Economic, Social and Political Conflicts: Autonomy of the
State,DominanceoftheProprietaryClass&theDominant
Coalition Impact of Conflicts: on Public Mobilisation, on
Capital Management and the Democratic Process
RegulatoryMechanismandtheRoleoftheState.
EssentialTextBooks:
1.Hahnel, Robin. (2002), The ABCs of Political

EconomyAModernApproach,PlutoPress.
2.Frankel,FrancineR.(2005),IndiasPoliticalEconomy
19472004(2nded.),OxfordUniversityPress.
3.Bardhan, Pranab. (2011), The Political Economy of
Development in India (12th ed.), Oxford University
Press.
RecommendedReading:
1.Mukherji, Rahul (Eds).(2007), Indias Economic
Transition: The Politics of Reforms, Oxford University
Press.
2.Caparaso, James A. & Levine, David P. (1992).
Theories of Political Economy, Cambridge University
Press.
3.Weingast, Barry R. & Wittman, Donald A (2008), The
Oxford Handbook of Political Economy, Oxford
UniversityPress.
MEC341ASECURITYANALYSISAND
PORTFOLIOMANAGEMENT(2015Batch)
NoofLecture
Hours/Week:3
Credits:3
MaxMarks:100
CourseObjective
Course on Security Analysis and Portfolio Management is
provided as an elective subject to the students of MA
(Applied Economics). The course is intended to provide
deeper insights into the function of markets, its valuation
techniques,theconceptsofportfoliomanagementwiththe
techniquesofriskdiversification.
LearningOutcome
Course on Security Analysis and Portfolio Management
wouldhelpthestudentstofurthertheirinterestsinthearea
ofFinancialEconomicswhichhasemergedasanareafor
both Academic Research and also for corporate career
prospects.
Unit1
Teaching
Hours:7
BasicsofRiskandReturnincludingits
measures
Measures of Return and Risk: Computing mean historical
returns,calculatingexpectedratesofreturn,measuringthe
risk of expected rates of return and the risk measures for
historicalreturnsDeterminantsofrequiredratesofreturn:
Riskfreerate,riskpremium,fundamentalriskVs.systemic
risk Relationship between Risk and Return: Security
MarketLine(SML),movementsalongSMLandchangesin
theslopeofSML.
Unit2
Teaching
Hours:4
EfficientCapitalMarkets
Efficient Market Hypothesis: Weak form, Semi strong form
andStrongform,itstestsandresultsEfficientMarketsand
Technical analysis Efficient Markets and Fundamental
analysisEfficientMarketsandPortfolioManagement.
Unit3
Teaching
Hours:9

Fundamental,IndustryandCompany
Analysis
Fundamental Analysis: Economic factors monetary
variables interest rates inflation exchange rate fiscal
measuresGDPothereconomicfactors.
Industry Analysis: Why industry analysis, the business

cycle and industry analysis evaluating the industry life
cycle.
CompanyAnalysis:Companyanalysisversusthevaluation
ofstock,Competitiongrowthofsalesearningsdividend
policyrestructuringpolicycapitalgearingmergersand
acquisition earning surprise SWOT analysis Tenets of
WarrenBuffetAnalysisofGrowthcompanies.
Market Related Factors January effect noise trading
trends Economics, Industry and Structural links to
Companyanalysis,Firmscompetitivepositioning.
Unit4
Teaching
Hours:5
TechnicalAnalysis
Underlying assumptions of technical analysis, advantages,
challengesTechnicaltradingrulesandindicators.
Unit5
Teaching
Hours:5
SecurityValuation
Theory of valuation: stream of expected cash flows,
required rate of return, investment decision process
comparison of estimated values and market prices
Valuation of alternative investments: valuation of bonds,
approaches to valuation of equity Present value of
operatingfreecashflows,Presentvalueoffreecashflows
toequityRelativevaluationtechniques:EarningsMultiplier
model,Price/Cashflowratio,Price/Bookvalue,Price/Sales
ratio.
Unit6
Teaching
Hours:8
PortfolioManagement
Markowitz Portfolio Theory: alternative measures of risk,
expected rates of return, variance of returns for individual
investment and for a portfolio, Standard deviation of a
portfolio, a three asset portfolio, efficient frontier Capital
Market Theory: background and assumptions for Capital
Market Theory, Risk free asset The Market Portfolio,
CAPM, SML, relaxing assumptions for CMT Arbitrage
PricingTheory:empiricaltestforAPT,MultifactorModels.
Unit7
Teaching
Hours:4
EquityPortfolioManagementStrategies
andEvaluationofPortfolioPerformance
Passive Vs. Active Management Index portfolio
construction techniques, tracking error, methods of index
portfolio investing Active equity portfolio management
strategies:fundamentalstrategiesandtechnicalstrategies,
anomalies and attributes Treynor portfolio performance
measure Sharpe portfolio performance measure Jensen
portfolio performance measure The information ratio
performance measure applicationofportfolioperformance
measures.
Unit8
Teaching
Hours:3
AssetManagement
Organization and Management of Asset Management
Companies Characteristics of Hedge Funds, its strategies
andperformance.
EssentialTextBooks:
1) Donald E. Fischer and Ronald J. Jordan, Security

Analysis and Portfolio Management, Prentice Hall India,
latestedition.
2) Prasanna Chandra, Investment Analysis and Portfolio
ManagementTataMcGrawHill,latestedition.
3)FrankK.ReillyandKeithC.Brown,InvestmentAnalysis
and Portfolio Management, Cengage Learning, latest
edition.
4) Alex Kane, Alan J Marcus, Pitabas Mohanty and Zvi
Bodie,Investments,TataMcGrawHill,latestedition.
5) William Sharpe, Gordon Alexander and Jeffery Bailey,
Investments,PrenticeHallofIndia,6thedition,2003.
RecommendedReading:
1) Burton G. Malkiel, A Random Walk Down Wall Street,
W.W.Norton&Company,2003.
2) David G. Luenberger, Investment Science, Oxford
UniversityPress,USA,1997.
3) Hull, John C., Options, Futures and Other Derivatives,
PearsonEducation,6thedition,2005.
4) Richard A. Brealey and Stewart C. Myers, Principles of
CorporateFinance,McGrawHill,7thedition,2002.
5)StephenA.Ross,RandolphW.WesterfieldandBradford
D. Jordan, Fundamentals of Corporate Finance. McGraw
Hill,7thedition,2005.
6) Thomas E. Copeland, J. Fred Weston and Kuldeep
Shastri, Financial Theory and Corporate Policy, Prentice
Hall,4thedition,2003.
MEC341BECONOMICSOFGENDER
ECONOMICSOFGENDER(2015
Batch)
NoofLecture
Hours/Week:3
MaxMarks:100
Credits:3
CourseObjective
The course by using economic theory and analysis trains
the students to understand how gender and caste
differencesleadtodifferencesinoutcomeswithrespectto
education,career,earningsandrolesinthefamilyandhow
suchdifferencesimpactfemalemortality,fertility,economic
statusandworkparticipation.
LearningOutcome
Students will be able to apply standard economic theory
and models to understand gender discrimination in
economicprocessesandoutcomes.Itwillpreparestudents
towards policy analysis and implications from a gendered
perspective.
Teaching
Hours:10
Unit1
Introduction
Historical and current trends in wages, occupational
patterns and unemployment rates by gender, caste and
minority religious groups Economic explanations for
gender and caste based disparities in the labour market
Empirical evidence from economic literature Gender
budgeting:Meaning,scopeanddatatypes.
Teaching
Hours:10
Unit2
TheoriesofMarketDiscrimination
Personal prejudice models: Employer, Customer and
Employee discrimination Statistical discrimination Non
competitive models of Discrimination Measures taken to
eliminatediscriminationGendercastedevelopmentindex
Intersectionsofgenderandcaste.
Teaching
Hours:15
Unit3
WomenandtheEconomy
OverviewofmarriageandfamilystructureTheeconomics
of marriage, Production, specialization and gains to
marriage,Supplyanddemandmodelofmarriage,changes
in demand and supply, Marriage and the earnings of men,
DivorceanditsconsequencesDecisionmakingbywomen
Factors affecting decision making by women, property
rights, access to and control over economic resources,
assets Power of decision making at household, class,
community level Economic status of women and its effect
on workparticipation rate, income level, health, and
educationindevelopingcountriesandIndia.
Unit4
Teaching
Hours:10
Women'sWorkandPay
Concept and analysis of womens work: Valuation of
productive and unproductive work visible and invisible
work paid and unpaid work economically productive and
socially productive work Womens labour force
participation Economic model of womens labour force
participation Effect of changes in wages, income and
household productivity The gender gap in earnings
Occupationalsegregationgenderdifferencesineducation
economicanalysisofgendergapinearnings
EssentialTextBooks:
1.HoffmanandAverett(2007),WomenandtheEconomy:
Family,WorkandPay,PrenticeHallPublications
2. Thorat and Newman (2009), Blocked by Caste:
EconomicDiscriminationinModernIndia,OxfordUniversity
Press.
RecommendedReading:
1. Amsden, A.H. (ed.). (1980). The Economics of Women
andWork,Penguin,Harmondsworth.
2. Becker, Gary. (1971), Economics of Discrimination, 2nd
edition,UniversityofChicagoPress.
3. Boserup, E. (1970). Womens Role in Economic
Development,GeorgeAllenandUnwin,London.
4. Engles, F. (1985). The Origin of the Family, Private
PropertyandtheState,ProgressPublications,Moscow.
5. Kabeer, N. (1994). Reversed Realities: Gender
HierarchiesinDevelopmentThought,KaliforWomen,New
Delhi.
6. Krishnaraj, M., R.M. Sudarshan and A. Shariff (1999).

Gender, Population and Development, Oxford University
Press,NewDelhi.
7. Kuhn, A. and A.N. Wolpe (eds.). (1978). Feminism and
Materialism,RoutledgeandKeganPaul,London.
8.Mies,M.(1998).PatriarchyandAccumulationonaWorld
Scale: Women in the International Division of Labour, Zed
Books,London.
9. Mitra, A. (1979). Implications of Declining Sex Ratio in
IndiasPopulation,Allied,NewDelhi.
10.Sen,G.andK.Brown(1987).Development,Crisesand
AlternativeVisions,MonthlyReviewPress,NewYork.
11.Seth,M.(2000).WomenandDevelopment:TheIndian
Experience,SagePublications,NewDelhi.
12.Agnihotri,S.B.(2000).SexRatioinIndianPopulation:A
FreshExploration,SagePublications,NewDelhi.
13. Desai, N. and M.K. Raj (eds.). (1979). Women and
Society in India, Research Centre for Women Studies,
SNDTUniversity,Bombay.
14.Dwyer,D.andJ.Bruce(eds.).(1988).AHomeDivided:
WomenandIncomeintheThirdWorld,StandardUniversity
Press,Stanford.
15.GovernmentofIndia(1974).TowardsEquality Report
of the Committee on the Status of Women in India,
Department of Social Welfare, Ministry of Education and
SocialWelfare,NewDelhi.
16. ILO (1978). Womens Participation in the Economic
ActivityofAsianCountries,ILO,Geneva.
MEC341BECONOMICSOFGENDER
ECONOMICSOFGENDER(2015
Batch)
NoofLecture
Hours/Week:3
Credits:3
MaxMarks:100
CourseObjective
The course by using economic theory and analysis trains
the students to understand how gender and caste
differencesleadtodifferencesinoutcomeswithrespectto
education,career,earningsandrolesinthefamilyandhow
suchdifferencesimpactfemalemortality,fertility,economic
statusandworkparticipation.
LearningOutcome
Students will be able to apply standard economic theory
and models to understand gender discrimination in
economicprocessesandoutcomes.Itwillpreparestudents
towards policy analysis and implications from a gendered
perspective.
Unit1
Teaching
Hours:10
Introduction
Historical and current trends in wages, occupational
patterns and unemployment rates by gender, caste and
minority religious groups Economic explanations for
gender and caste based disparities in the labour market
Empirical evidence from economic literature Gender
budgeting:Meaning,scopeanddatatypes.
Unit2
Teaching
Hours:10
TheoriesofMarketDiscrimination
Personal prejudice models: Employer, Customer and
Employee discrimination Statistical discrimination Non
competitive models of Discrimination Measures taken to
eliminatediscriminationGendercastedevelopmentindex
Intersectionsofgenderandcaste.
Unit3
Teaching
Hours:15
WomenandtheEconomy
OverviewofmarriageandfamilystructureTheeconomics
of marriage, Production, specialization and gains to
marriage,Supplyanddemandmodelofmarriage,changes
in demand and supply, Marriage and the earnings of men,
DivorceanditsconsequencesDecisionmakingbywomen
Factors affecting decision making by women, property
rights, access to and control over economic resources,
assets Power of decision making at household, class,
community level Economic status of women and its effect
on workparticipation rate, income level, health, and
educationindevelopingcountriesandIndia.
Unit4
Teaching
Hours:10
Women'sWorkandPay
Concept and analysis of womens work: Valuation of
productive and unproductive work visible and invisible
work paid and unpaid work economically productive and
socially productive work Womens labour force
participation Economic model of womens labour force
participation Effect of changes in wages, income and
household productivity The gender gap in earnings

Occupationalsegregationgenderdifferencesineducation
economicanalysisofgendergapinearnings
EssentialTextBooks:
1.HoffmanandAverett(2007),WomenandtheEconomy:
Family,WorkandPay,PrenticeHallPublications
2. Thorat and Newman (2009), Blocked by Caste:
EconomicDiscriminationinModernIndia,OxfordUniversity
Press.
RecommendedReading:
1. Amsden, A.H. (ed.). (1980). The Economics of Women
andWork,Penguin,Harmondsworth.
2. Becker, Gary. (1971), Economics of Discrimination, 2nd
edition,UniversityofChicagoPress.
3. Boserup, E. (1970). Womens Role in Economic
Development,GeorgeAllenandUnwin,London.
4. Engles, F. (1985). The Origin of the Family, Private
PropertyandtheState,ProgressPublications,Moscow.
5. Kabeer, N. (1994). Reversed Realities: Gender
HierarchiesinDevelopmentThought,KaliforWomen,New
Delhi.
6. Krishnaraj, M., R.M. Sudarshan and A. Shariff (1999).
Gender, Population and Development, Oxford University
Press,NewDelhi.
7. Kuhn, A. and A.N. Wolpe (eds.). (1978). Feminism and
Materialism,RoutledgeandKeganPaul,London.
8.Mies,M.(1998).PatriarchyandAccumulationonaWorld
Scale: Women in the International Division of Labour, Zed
Books,London.
9. Mitra, A. (1979). Implications of Declining Sex Ratio in
IndiasPopulation,Allied,NewDelhi.
10.Sen,G.andK.Brown(1987).Development,Crisesand
AlternativeVisions,MonthlyReviewPress,NewYork.
11.Seth,M.(2000).WomenandDevelopment:TheIndian
Experience,SagePublications,NewDelhi.
12.Agnihotri,S.B.(2000).SexRatioinIndianPopulation:A
FreshExploration,SagePublications,NewDelhi.
13. Desai, N. and M.K. Raj (eds.). (1979). Women and
Society in India, Research Centre for Women Studies,
SNDTUniversity,Bombay.
14.Dwyer,D.andJ.Bruce(eds.).(1988).AHomeDivided:
WomenandIncomeintheThirdWorld,StandardUniversity
Press,Stanford.
15.GovernmentofIndia(1974).TowardsEquality Report
of the Committee on the Status of Women in India,
Department of Social Welfare, Ministry of Education and
SocialWelfare,NewDelhi.
16. ILO (1978). Womens Participation in the Economic
ActivityofAsianCountries,ILO,Geneva.
MEC433ECONOMICSOFINDUSTRIAL
ORGANIZATION(2015Batch)
NoofLecture
Hours/Week:4
Credits:4
MaxMarks:100
CourseObjective
To present the fundamental models of the firms
behaviourunderdifferentmarketstructures.
To impart the knowledge of how the firms interact in
different markets and the effects of their interactions
forthesocialwelfare.
Toprovideathoroughknowledgeabouttheeconomics
of industry in a cogent and analytical manner,
particularlyintheIndiancontext.
LearningOutcome
Awareness of the basic issues such as productivity,
efficiency capacity utilization involved in the industrial
developmentofIndiaandthepracticalapplicationsof
theconeptintherealworldscenario.
Knowledge about the different forms of organisation
anditsrelevanceinIndiancontext
Theoretical and practical knowledge about market
concentrationandMergers&acquisitions
Understanding about the investment decisions and
pricingpoliciesoftheindustry.
Unit1
Teaching
Hours:15
Firm'sBehaviourandMarket
Concentration
Market structure conduct performance paradigm
Sources of monopoly powerEffects of monopoly on social
welfare Natural monopoly Price and nonprice regulation
of natural monopolyAnti monopoly policy Price
Discriminating MonopolyTypes of price discrimination:
general overview Welfare effects of price discrimination
Market concentration and monopoly power Causes and
measurement Market concentration and performance
Extent of market concentration in India Recent trends
The Firm: Emergence and its objectives Non profit
maximizingmodelsCasestudiesonMarketconcentration
andNaturalMonopoly
Unit2
Teaching
Hours:8
VerticalIntegration,Diversificationand
Mergers
Mergers and take over: Concepts, motives and

consequencesCrossborderM&ADiversificationVertical
Integration: Nature and extent of vertical integration,
monopolisticmotivesforintegrationCasestudiesonM&A
Unit3
Teaching
Hours:10
IndustrialFinanceandPricingDecisions
Sources (internal and external) Financial Statements
Analysis of financial ratios and their interrelatedness,
Problems of financial analysis General considerations for
pricing decisionsCost plus pricing, Incremental cost
pricing,Acceptancepricing,goingratepricingandtransfer
pricingPredatorypricingPublicpolicytowardspredatory
pricingProfitabilityanditsdeterminants
Unit4
Teaching
Hours:10
IndustrialProductivity
Industrial Productivity norms and measurementFactors
affectingproductivityandcapacityutilizationImportanceof
productivity in the competitive environment Measures
required for improving productivity and efficiency Case
studiesonProductivity
Unit5
Teaching
Hours:10
TheoryoftheFirm&IndustrialLocation
Analysis
ThebehaviouraltheoryofthefirmTransactioncosttheory
the property Right Theory The Agency Theory and the
Resource Based Theory Factors Influencing Location of

Industries.TheoriesofIndustrialLocation,Weber,Sargent
Florence Need for Balanced Regional Development of
IndustriesIndustriallocationtrendsinIndia
Teaching
Hours:7
Unit6
GovtRegulationofIndustry
Industrial Imbalance Causes and MeasuresNeed for
Balanced Regional Development of Industries Industrial
location trends in India Need for govt intervention in
industry Ways of govt regulationIndustrial regulations in
India.
EssentialTextBooks:
1.Barthwal, R.R. (2010). Industrial Economics: An

IntroductoryTextBook,NewAgeInternational,ND.
2.Industrial Organization: Contemporary Theory and
Practice, Pepall, Lynne Daniel J. Richards George
Norman.2nd.edSouthWestern.2002.
3.Hay and Morris D. J. (Latest), Industrial Economics
TheoryandEvidence,OxfordUniversity
4.Industrial
Economics,
B.N.Narayan,
Anmol
PublicationsPvt.Ltd.
5.Ahluwallia,I.J.(1992):IndustrialGrowthinIndia,OUP,
Delhi.
RecommendedReading:
1.Applied Industrial Economics, Ed. By Lois Phlips.
CambridgeUniversityPress.1998.
2.IndustrialOrganizationAStrategicApproach,Church
J.R,WareR.Irwin,McGrawHill.2000.
3.Organisation, Theory and Applications, Oz Shy, MIT
Press1995
4.Singh A and A.N.Sadhu (1988) Industrial Economics,
HimalayaPublishingHouse,Mumbai
5.Francis cherunilam (1994) Industrial Economics,Tata
McGrawHillpublishingcompanylimited,NewDelhi.
MEC441AINTERNATIONALFINANCE(2015
Batch)
NoofLecture
Hours/Week:3
Credits:3
MaxMarks:100
CourseObjective
This course aims to explore the issues and problems and
applications that arise from international financial trading
relations between nations. Topics such as organization of

foreign exchange markets, determination of exchange
rates, the fundamental principles of international finance,
foreignexchangeriskandexposurearealsocovered.
LearningOutcome
Inglobalizedeconomystudentsofeconomicswillrequirea
thoroughknowledgeandunderstandingofthecomplexities
ininternationalfinance.Thecoursewillexposethestudents
to different international financial orders that existed in the
globe.Eemployabilityininternationalcorporatefinanceand
international banking is a definite outcome of the course.
five hours of practical trading session in foreign exchange
market should give hands on skill to students in foreign
exchange.
Unit1
Teaching
Hours:8
AnOverviewofInternationalFinancial
SystemPastPresentandFuture
FinancialOrderin18701914Interwarperiod19191939
Bretton Woods era 19451971 International Monetary
Fund Washington Consensus 1971 Basel Accords
UnderstandingCurrencyCrisisEastAsianCrisisEuro
Zone Crisis Global Financial Crisis Towards a New
FinancialWord.
Unit2
Teaching
Hours:8
ForeignExchangeMarket
Participants in Forex Market Alternative Exchange Rate
Regimes Forward Exchange Rate interaction of
hedgers,arbitrageursandspeculatorsFlexibleExchange
RateRegimePeggedfloatFixedFloatManagedFloat
Market Size and Liquidity Determinants of Foreign
Exchange Rates Economic Factors Technical Trading
Considerations FCCB Euro Bonds ADRs GDRs
IDRs.
Unit3
Teaching
Hours:10
ForeignExchangeRiskandExposure
Natureofexchangerateriskandexposurerealchanges
inexchangerateForexExposureTransactionExposure
Translation Exposure Operating Exposure Exposure
NettingCurrencyRisksCurrencySwapsForexBeta
OperationalHedgingFinancialHedgingManagementof
Economic Exposure Forex Exposure for MNCs Money
market Hedge Cost of forward hedging benefits of
forward hedging payoff profiles of different hedging
technics company hedging policy exchange rate
forecastingandspeculation.
Unit4
Teaching
Hours:9
ForexRegulatoryFramework
Foreign exchange regulation Act (FERA) Foreign
exchange Management Act (FEMA) Forex Management
Strategy Monetary Policy Interventions BoP and Forex
RateInternationalCapitalFlowscurrencyconvertibility
ForeignRemittances,FII&FDIinForexMarkets.
Unit5
Teaching
Hours:10
CurrencyDerivatives
CurrencyFutures,OptionsandSwapsForwardContract
Spot Forward Parity Cost of Carry Forward Pricing
FormulaMarginTradingCurrencyDerivativesFutures
ContractsUsingCurrencyFuturesforHedgingInterest
Rate Futures Currency Option Contract Specification
OptionStylesBlackSholesStochasticVolatilityMonte
Carlo Models Counter Parity Risk Option Strategies
Swap Market Interest Rate Swaps Currency Swaps
EquitySwapsCommoditySwapsLiborCreditDefault
SwapArbitrage.
EssentialTextBooks:
1.Keith Pilbeam, International Finance, Palmgrave

Macmillan,NewYork,2006.
2.MauriceDLevi,InternationalFinance,Routledge,New
York,2008.
3.Walden Bello, Nicolla Bullard & Kamal Malhotra,
Global Finance New thinking on regulating
speculative Capital Markets, Zed books, London,
2002.
4.Banerjee B.J, International Finance Theory and
Practice,CentrumPress,NewDelhi,2010.
5.A Lakshmana Swamy, Financial Sector Reforms,
ExcellBooks,NewDelhi,2008.
6.James Hanson, Patrick Honohan, Giovanni Majnoni,
Globalisation and National Financial Systems, World
Bank,Washington,2003.
7.Mark Mobius, Foreign Exchange an Introduction to
the core concepts, Masterclass Series, John Wiley
andSons,2009.
RecommendedReading:
1.Solomon Robert, The International Monetary system
anInsidersview,HarperandRow,NewYork,2009.
2.Spiegel,MarkM,ArgentinasCurrencycrisis:Lessons
forAsia(online).
3.Oberlechner Thomas, Psychology of the Foreign

Exchange Market, Chichester, John Wiley and Sons,
2004.
4.Messe Richard and Rogoff Kenneth, Empirical
Exchange rate models of the Seventees: do they fit
out of sample, jopurnal of International Economics,
1983.
5.Calvo
G,
Capital
inflows
and Macreconomic Management: Tequila lessons,
InternationalJournalofFinanceandeconomics,Vol1
pp0723.
6.Lietaer Bernard, The future of Money: Creating New
Wealth, work and wiser World, Random House,
London,2001.
7.CorsettiG,PaperTigers:aModeloftheAsianCrisis,
EuropeanEconomicReview,vol43,pp121136.
8.FloodR.PandGarber,P.M.CollapsingExchangerate
Regime: Some linear Examples, Journal of
InternationalEconomics,Vol16,pp113.

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Departmentof

Neoclassical economic theory: SlowSwan growth model

convergence Endogenous growth theory: AK model

5.Rodrik, D. editor (2003) In Search of Prosperity:

and Interpretation of Observations, Ethnography

1.Speigal. M.R.(1992), Theory and Problems of

This course enables students to acquire an orientation to

1.Hahnel, Robin. (2002), The ABCs of Political

a. Students will be able to identify the

1.William.H.Branson (2005). Macroeconomic Theory

1. N. Gregory Mankiw. (2012). Macroeconomics. 8th

Market and nonmarket valuation Physical linkage

3.Bromely, D. W. (ed.). Handbook of Environmental

1.Edward Dowling (2000), Introduction to Mathematical

Simultaneity bias, structural versus reduced form,

1) A Koutsoyiannis (2001), Theory of Econometrics,

Innovations Risk Management in Banking NonBank

1.Ackley, G. (1978), Macroeconomics: Theory and

13.Keynes, J.M. (1936), The General Theory of

This course will help the students to formulate policy

reforms and control of public expenditure in India Case

1.Musgrave and Musgrave: Public Finance in Theory

1.Kerry Patterson, An Introduction to Applied

2.von Braun, J, M.S. Swaminathan, and M W.

Viruses in Uganda, American Journal of Agricultural

24.Kelly, T., Why Are Developing Countries Still

Money, Banks and Finance Political Economy debate of

1.Hahnel, Robin. (2002), The ABCs of Political

Industry Analysis: Why industry analysis, the business

1) Donald E. Fischer and Ronald J. Jordan, Security

6. Krishnaraj, M., R.M. Sudarshan and A. Shariff (1999).

household productivity The gender gap in earnings

Mergers and take over: Concepts, motives and

Resource Based Theory Factors Influencing Location of

1.Barthwal, R.R. (2010). Industrial Economics: An

relations between nations. Topics such as organization of

1.Keith Pilbeam, International Finance, Palmgrave

3.Oberlechner Thomas, Psychology of the Foreign

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