M Sc Integrated Course in Pondicherry University

Can you provide me the syllabus of M.Sc. Economics (Five year Integrated Programme) course offered by Pondicherry University as I need it for preparation of the exam?

[Shaleen]

Pondicherry University is a central university which was founded in 1985 by the Government of India with a jurisdiction spread over the Union Territories of Puducherry, Lakshadweep and Andaman and Nicobar Islands. It has introduced novelty like the Choice-based Credit System and on-line admission for postgraduate studies. It was ranked as one of the top ten Universities in India based on the survey conducted on 2013.

Syllabus of M.Sc. Economics (Five year Integrated Programme)

Semester I

ECON 111 – TOWARDS UNDERSTANDING ECONOMICS
Module 1: Exploring the Subject Matter of Economics
Why study economics? – scope of economics – the economic problem: scarcity and choice – the question of what to produce, how to produce and how to distribute output – science of economics – the basic competitive model – prices, property rights and profits: incentives and information, rationing – opportunity sets – economic systems.

Module 2: Role of Markets, their Functioning and Welfare
Markets and competition – determinants of individual demand/supply, demand/supply schedule and demand/supply curve, market versus individual demand/supply, shifts in the demand/supply curve – demand and supply together – how prices allocate resources – elasticity and its application – controls on prices – taxes and the costs of taxation – consumer, producers and the efficiency of the markets.

Module 3: The Households
The consumption decisions – budget constraints, consumption and income/price changes, demand for all other goods and price changes – description of preferences – the investment decision – investment alternatives for a household – desirable attributes of investments – labor supply and savings decision – choice between leisure and consumption – labour force participation – tax policy and labour supply -human capital and education – budget constraints and savings – savings and interest rate, other factors affecting savings.

Module 4: The Firm and Perfect Market Structure
Financing, controlling and managing firms – the firm' s legal form, corporate finance – why corporations care about financial structure – takeover and the market for managers – making decisions – centralization and decentralization – the boundaries of the firm. behaviour of profit maximizing firms and the production process – short run costs and output decisions.

Module 5: Introduction to Macroeconomics and National Income Accounting
The roots of macroeconomics – concerns over macroeconomic – the role of government in the macro economy – the components of the macro economy – the methodology of macroeconomics – concepts of national income – approaches to calculating national income –nominal and real income – issues on measurement of national income, the concept of black and green income.