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  #1  
9th April 2016, 11:51 AM
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Punjab University Chandigarh Syllabus M.A Economics

Will you please give here syllabus for M.A Economics course of Punjab University Chandigarh?

Hey , as you requires here I am giving you syllabus for M.A Economics course of Punjab University Chandigarh.

Syllabus for M.A Economics course:

Part – I
1. Micro-Economic Theory and Welfare Economics

2. Any one from the following papers
Indian Economy : Issues and Problems
History of Economic Thought

3. Any one from the following subject to restriction laid down in the note given below
Mathematics and Statistics for Economic Analysis
Theoretical Statistics

4. Any one from the following
Economics of Agriculture
Economics of Industry
Economics of Labour
Economics of Population
Economics of Human Resource Development

Part – II
1. Macro-Economic Theory

2. Economics of Growth, Development and Planning

3. Papers III & IV - Any two from the following :
Econometrics
Mathematical Economics
International Economics
Economics of Public Finance
Economics of Money & Banking OR
Economics of Financial Markets and Institutions
Political Economy
Computer Applications in Economic and Statistical Analysis
Economics of Agriculture or Economics of Industry – whichever the student has not offered in M. A. – I. The syllabi in this option will be the same as prescribed in M.A.-I.
Economics of Environment
Dissertation

Syllabus for M.A Economics : PU
Scope of Microeconomics. Methodology of economics as a positive science. Criteria for choosing among
alternative theories. Dynamic economic analysis and Cobweb theorem. Partial vs general equilibrium
analysis. Marshallian and Walrasian stability conditions.
Demand Analysis : Ordinal utility theory. Revealed preference theory. Market demand : Bandwagon and
Snob effects. Measures of consumer’s surplus. Markets and Asymmetric information : Quality uncertainty
and the market for lemons; Market Signaling : A simple model of job market signaling.
Neumann-Morgenstern method of measuring utility. Risk aversion and risk preference. Risk return
trade-off.
UNIT–II
Production and Costs : Technology and production function. Cost minimising equilibrium and choice of
technique and scale. Effects of a change in factor price and elasticity of factor substitution. Expansion
path and derivation of long run cost curves. Homogeneous production functions and resultant shapes of
long run cost curves (a geometric exposition only). Sources of various economies and diseconomies of
scale. Economies of scope. Learning curve and production costs. Saucer shaped and L-shaped long run
average cost curves. Productivity curves of variable factors and derivation of short run cost curves.
Concept of idle capacity. Saucer shaped average variable cost curve. Relationship between short run and
long run cost curves. Multi-product firm equilibrium.
UNIT–III
Perfect Competition : Welfare effects of price controls, price supports and production quotas. Classical
allocative efficiency due to perfect competition vs. production efficiency due to the emergence of important
scale economies.
Monopoly : Measurement, determinants and welfare effects of monopoly power. Price regulation. First,
second and third degree price discrimination. Inter-temporal price discrimination and peak load pricing.
Pricing under bilateral monopoly.
Monopolistic Competition : Group equilibrium. Selling costs equilibrium. Excess capacity and
Chamberlin’s answer.
Oligopoly : Definition and nature. Cournot’s model. Kinky demand curve model. Dominant firm and low
cost firm price leadership models. Stackelberg’s model. Collusion or Cartel model. Bain’s limit pricing
theory. Marginalism vs. Average cost pricing. Profit maximisation vs. Baumol’s sales maximisation
hypothesis.
UNIT–IV
Game Theory : Definition, objectives and usefulness; Dominant strategy and Nash Equilibrium; Prisoner’s
Dilemma, Price and Non-price competition and Cartel Cheating; Repeated Games and Tit-for-Tat strategy.
Euler’s theorem. Inter-temporal consumption choice and Fisher’s theory of the rate of interest.
Welfare Economics : Pareto-optimality conditions in production, consumption and exchange. Efficiency of
perfect competition and inefficiency of imperfect competition. Market failure due to externalities in
production and Pigou’s solution of taxes and subsidies. Inter-personal comparisons of utility and the
compensation criteria. Utilitarian, Rawlsian and Bergson-Samuelson social welfare function and optimal
social welfare.
BOOKS RECOMMENDED :
Bell, P. W. and Todaro, M. A. (1969) : Economic Theory : An Integrated Text, Oxford
University Press, Bombay, Delhi, Calcutta and
Madras.
Koutsoyiannis, A. (1979) : Modern Micro-economics, Macmillan Press, London.
Ryan, W.J.L. and Pearce, D.W. (1977) : Price Theory, Macmillan India Ltd., Delhi.
Pindyck, Robert S. and Rubinfeld, : Microeconomics (5th Edn.), Pearson Education,
Daniel L. (2002) Delhi.
Katz, Michael L. and Rosen, : Micro Economics Irwin, Austria, 2nd Ed.
Harvey S. (1994)
Baumol, W. J. (1973) : Economic Theory and Operations Analysis (3rd Edn.),
New Delhi, Prentice Hall.
Briet, W. and Hochman, H. M. (Ed.) : Readings in Micro-economics, Dryden Press,
(1971) Hinsdale, Illinois.
Ferguson, C. E. (1972) : Micro Economic Theory (3rd Edn.) Illinois, Richard
D. Irwin.
Ferguson, C. E. and Gould (1989) : Micro Economic Theory (6th Edn.), Delhi, All India
Traveller Bookseller.
Naylor, T. H. and Vernon, J. M. (1969) : Microeconomic Theory and Decision Models of the
Firm.
Winch, D. M. (1971) : Analytical Welfare Economics, Penguin Books,
Harmondsworth.
4 M.A. ECONOMICS PART I SYLLABUS
Bilas, R. A. (1971) : Micro-Economic Theory (2nd Edn.), New York,
McGraw-Hill.
OTHER BOOKS :
Arrow, K. J. & Scitovsky, W.A. : Readings in Welfare Economics, London, George
(1969) Allen Unwin Ltd.
Boulding, K. E. & Spivey, : Linear Programming and the Theory of the Firm
W. A. (1960) (Chapters 1 & 6), New York, Macmillan.
Friedman, M. (1962) : Price Theory – Provisional Text, Ludhiana, Lyall
Book Depot.
Graff, J. V. (1957) : Theoretical Welfare Economics, Cambridge .
Green, H. A. John (1971) : Consumer Theory, Harmondsworth, Penguin Books.
Kamarchen, D. R. (1969) : Readings in Micro-Economics, New York, John
Wiley & Sons, Inc.
Stigler, G. J. (1996) : The Theory of Price (4th Edn.), New Delhi, Prentice
Hall.
PAPER II OPTION (i) : INDIAN ECONOMY : ISSUES AND PROBLEMS
80 Hours
The objective of this paper is to acquaint the students with the performance of different sectors of the
Indian economy and the policy framework governing them. This will provide them an insight into the past,
present and future functioning of the Indian economy and strengthen their analytical capability.
.
The time–tested method of imparting verbal instructions through lectures would be used. Examples, in so
far as possible, would be selected from everyday life/experience. The feedback would be sought through
the students’ written assignments, tutorials and seminars.
The students would be evaluated at the end of the academic year through subjective type
questions/answers (both short and essay type). The scripts would be evaluated by the examiners having
adequate postgraduate teaching experience in the paper/option concerned.
Instructions for the Paper-setters and candidates :
(i) The theory question paper will be of 80 marks and 20 marks will be for internal assessment.
(ii) For private candidates, who have not been assessed earlier for internal assessment, the marks secured
by them in theory paper will proportionately be increased to maximum marks of the paper in lieu of
internal assessment.
There shall be 9 questions in all. The first question is compulsory and shall be short answer type
containing 15 short questions spread over the whole syllabus to be answered in about 25 to 30 words each.
The candidates are required to attempt any 10 short answer type questions carrying 20 marks i.e. 2 marks of
each. Rest of the paper shall contain 4 units. Each unit shall have two questions and the candidates shall be
given internal choice of attempting one question from each Unit – 4 in all. Each question will carry 15
marks.
UNIT-I
(i) Indian Economy at the Dawn of Independence : A Review. Planning; Objectives; Rationale and
Performance; Adoption of mixed economy model; economic planning in the nineties and beyond.
(ii) Restructuring of the Economy : State of the economy in 1990-91; need and features of Structural
Adjustment Programme (SAP); Globalization and WTO in India; Appraisal of economic reforms.
UNIT-II
(i) Growth & Structure of Indian Economy since 1950 : Growth of National Income and Per Capita
Income, Personal Income Distribution in India. Demographic features : Population Growth, Workforce
participation, occupational structure; urbanization in India; Inter-state disparities in the
pattern of development.
(ii) Poverty and Unemployment : Nature, extent and regional variations in poverty and
unemployment; government programmes for eradication of poverty and unemployment with
special reference to the post-reform era.
UNIT-III
(i) Agriculture : Pattern of growth of Indian agriculture and constraints thereon; regional variations
in agricultural development. Sustainable agriculture – Need and Policies. Recent agricultural
policy of Govt. of India. WTO and Indian agriculture.
(ii) Industry : Trends in growth and structure of Indian industry; regional disparities in industrial
development; deregulation and liberalization of the private sector; public sector reforms and
privatization. Impact of New Economic Policy on Indian Industry. Rationale, objectives and
functioning of Consumer Protection Act (1986).
UNIT-IV
(i) Financial Sector : Nationalisation of banks and their performance; banking sector reforms since
1991. Capital market – growth, problems and reforms since 1991. Role of Securities Exchange
Board of India (SEBI).
(ii) Public Finance : Recent trends in Public Debt and Fiscal Deficits in Central and State Finances.
Centre-State financial relations – the debate. Recent reforms in Indian tax structure.
(iii) External Sector : Trade policy during pre and post reform period; Exchange rate policy and
Foreign Exchange Management Act (FEMA); External Debt. Foreign Direct Investment and
multinational corporations in India.
BOOKS RECOMMENDED :
Ahluwalia, I. J. (1985) : Industrial Growth in India, Oxford University Press,
New Delhi.
Ahluwalia, I.J. & Little, IMD (Eds.)(1998) : India’s Economic Reforms & Development (Essays
in Honour of Manmohan Singh), Oxford University
Press, New Delhi.
Brahmananda, P. R. and Panchmukhi, : The Development Process of Indian Economy,
V. R. (Eds.) (1987) Himalya Publishing House, Bombay.
Brahmananda, P. R. and Panchmukhi, : Development Experience in the Indian Economy :
V. R. (Eds.) (2001) Inter-State Perspectives, Bookwell, Delhi.
Byres, T. J. (Ed.) (1998) : The Indian Economy : Major Debate Since
Independence, Oxford University Press, New Delhi.
Lucas, E. B. & Papanek, G. F. (Eds.) (1988) : The Indian Economy—Recent Development and
Future Prospects, Oxford University Press, New
Delhi.
Jalan, B. (1992) : The Indian Economy—Problems and Prospects,
Viking, New Delhi.
Chelliah, Raja J. (1996) : Towards Sustainable Growth – Essays in Fiscal and
Financial Sector Reforms in India, Oxford University
Press, New Delhi.
Rangarajan, C. (1998) : Indian Economy : Essays on Money and Finance,
UBS, New Delhi.
Government of India : Economic Survey (Annual), Ministry of Finance,
New Delhi.
Reserve Bank of India : Report on Currency and Finance (Annual), Mumbai.
Economic and Political Weekly : Various Issues.
PAPER II OPTION (ii) : HISTORY OF ECONOMIC THOUGHT
Evolution of economic ideas is both a response to contemporary economic problems and a self-conscious
attempt to refine earlier ideas to integrate them as a part of current social thought. The objective of this
course is to familiarize the students with the historical evolution of economic ideas into the contemporary
economics.
The time–tested method of imparting verbal instructions through lectures would be used. Examples, in so
far as possible, would be selected from everyday life/experience. The feedback would be sought through
the students’ written assignments, tutorials and seminars.
The students would be evaluated at the end of the academic year through subjective type
questions/answers (both short and essay type). The scripts would be evaluated by the examiners having
adequate postgraduate teaching experience in the paper/option concerned.
Instructions for the Paper-setters and candidates :
(i) The theory question paper will be of 80 marks and 20 marks will be for internal assessment.
(ii) For private candidates, who have not been assessed earlier for internal assessment, the marks secured
by them in theory paper will proportionately be increased to maximum marks of the paper in lieu of
internal assessment.
There shall be 9 questions in all. The first question is compulsory and shall be short answer type
containing 15 short questions spread over the whole syllabus to be answered in about 25 to 30 words each.
The candidates are required to attempt any 10 short answer type questions carrying 20 marks i.e. 2 marks of
each. Rest of the paper shall contain 4 units. Each unit shall have two questions and the candidates shall be
given internal choice of attempting one question from each Unit –4 in all. Each question will carry 15
marks.
UNIT-I
Nature and Importance of Economic Thought. Relativist and Absolutist approaches to Economic Thought.
Mercantilism : Views on Trade, Money and Prices, Wages and Employment. Physiocracy : Natural Order;
Net product and Circulation of Wealth. Classical Political Economy. Adam Smith : Theories of Value,
Distribution and Growth.
UNIT-II
Ricardian Economics : Value Analysis, Theories of Trade and Distribution, Views on Machinery and
Employment, Ricardo-Malthus glut controversy. J. S. Mill : Theory of Value, Views on Production and
Distribution. Classical Stationary State with special reference to Mill’s views.
UNIT-III
Marxian Economics : Historical Materialism, Theory of Value, Theory of Capital Accumulation, Theories
of Crisis; Simple and Extended Reproduction Schemes, Theory of Surplus Population.
Vablen’s theory of Leisure Class.
8 M.A. ECONOMICS PART I SYLLABUS
UNIT-IV
Essential features of Marginalism. Jevon’s Theory of Value. Bohm-Bawerk’s Theory of Capital. Walras’s
Theory of General Equilibrium. A General Overview of Marshall’s Contribution.
Features of Neo-classical economics and its critique. Debate on ‘History versus Equilibrium’.

Address:
Panjab University
Sector 14
Chandigarh, 160014

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Last edited by sumit; 19th November 2019 at 01:06 PM.
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  #2  
26th November 2016, 07:00 AM
26 nov 2016
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plz give here syllabus of m.a eco
session 2016-2017 3rd sem


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