Tumkur University Economics Department

I am interested in doing the MA in Economic from the Tumkur University Department of Economics so please provide me the syllabus of it and give me the list of the faculty members of this department?

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Tumkur University was established in 2004

It is located in Tumkur, Karnataka

It is recognized by the UGC and National Assessment and Accreditation Council (NAAC)

It offers MA Economic course of 2 years duration

Faculties of Department of Economics
Dr.Jayasheela,
Professor

Dr.Ravindra Kumar B,
Associate Professor

Dr.Vilas M. Kadrolkar
Associate Professor,


Dr.Ramesh Salian
Assistant Professor,

Dr.Padmini S.V.
Assistant Professor,

Dr. Pallavi Kusugal,
Assistant Professor,

Syllabus of MA Economic
Module 1 : Introduction and Basic Concepts.
Basic economic Problem-choice and Scarcity; Deductive and Inductive Methods of Analysis; Positive
and Normative Economics; Economic Models; Characteristics of Equilibrium and Disequilibrium Systems.

Module 2 : Demand Analysis.
Elasticities ( price, cross, income) of demand- theoriticle aspects and empirical estimation; elasticity of
supply; Theroies of demand-utility; indifference curve ( income and substitution effects, Slutsky theorem,
compensated demand curve) and their application; Revealed preference theory; Revision of demand theory
by Hicks; Characteristics of goods approach; consumer’s choice involving risk; Indirect utility function (
duality theory ); Recent developments in demandysis (pragmatic approach and liner expenditure system);
Consumer’s surplus; Inter-temporal sumption; Recent developments in demand; Eliminatry theory of price
formation-demand supply equilibrium; Cobweb theorem;.

Module3: Theory of Production and costs.
Production function-short period and long period; law of variable proportions and returns ale; IsoquantsLeast
cost combination of inputs; Returns top factors; Economics of scale; product firm; Elasticity of
substitution; Euler’s theorem; Technical progress and production on; Cobb-Doglas, CES, Empirical work on
production function; Traditional and modern things of costs-Empirical evidence; Derivation of cost function
from production function;demand for factors.

Syllabus of MA Economic Tumkur University
Paper-1.2-MA CRO ECONOMIC ANALYSIS-1
PREAMBLE
Macroeconomics or aggregative economic analyses and estadlishes the functiona between the large aggregates, The aggregate analysis has assumed such a lichigan press, recent times that a prior understanding of macroeconomic theoretical strlessent for the proper comprehension of the different issues and policie Chacago. Now is not only a scientific method of analysis; but also a body of eapplications of knowledge. The paper entitled Macro Economic Analysis; equips the student level to understand systemic facts and latest theoretical developments for em
Module 1: National Income and Accounts
Circular Flow of Income in two-three-and four-sector economy; dif of Minnesota income accounting –social accounting, input-output accounting flow o balance of payments accounting.
Module 2: Consumption Function
Keynes psychological law of consumption-implications of the law short and long run consumption function ; Empirical evivdence on consumption function; Income –consumption relationship-absolute income, relative income, life cycle and permanent income hypotheses.
Module3: Investment Function
Marhinal efficiency of investment and level of investment; Marginal efficiency of capital and investment-long run and short run; The accelerator and investment behaviour-impact of inflation; Influence of policy measures on investment –empirical evidenxe Concept of Super multiplier.
Module 4: Supply of Money
Financial intermediation-amechanistic model of bank deposit determination ; A behavioural model of money supply determination, a demand deteremined money supply process; RBI approach to money supply; High powered money ad money multiplier; budget deficits and money supply money supply and open economy; control of money supply.
Module5: Demand for Money
Classicakl approach to demand for money –Quantity theory approach, Fisher s equation Cambridge quantity theory keyanes liquidity preference approach, transaction, precautionary and speculative demand for money –aggregatr demand for money; Derivation of LM curve.

Basic Reading List (Common to I and // semester)
1. Ackley, G. (1978), Macroeconomics: Theory and policy, Macmillan, New York
2. Blackhouse, R. and A. Salansi (Eds) (2000), Macroeconomics and the real World (2 vols.) Oxford University press, London.
3. Branson, W.A.(1989), Macroeconomics Theory and policy, (3rd Edition), Harper and Row New York.
4. Dornbusch, R. and F. Stanley (1997), Macroeconomics, McGraw Hill, Inc, New York.
5. Gupta S.B. (1993), Monetary Economics, s chand publications, New Delhi.
6. Hall, R.E.and J.B.Taylor (1986), Macroeconomic W.W. Norton New York.
7. Hall, R.E.and J.B. Taylor (1986) Macroeconomic, W.W. Norton New York.
8. Heijdra, B.J. and V.P. Fredericek (2001). Foundations of Modern Macroeconomics, Oxford University press. New Delhi.
9. Jha, R. (1991), Contemporary Macroeconomics Theory and policy Wiley Eastern Ltd New Delhi.
10. Romer, D>L.(1996) Advaneed Macroeconomic McGraw Hill Company Ltd, New York.
11. Scarfe. B.L.(1977) cycles, Growth and Inflation McGraw Hill, New York.
12. Shapiro, E. (1996), Macroeconomic Analysis, Galgotia publications New Dell.
13. Surrey,M.J.C. (Ed.)(1976), Macroeconomic Themes, Oxford University press, Oxford.


Paper-1.3-public economics-1
PREAMBLE
Role and functions of the Government in an economy have been changing with the passage of time. The term public Finance has traditionally been applied to the package of those policies and operations which involve the use of tax and expenditure measures while budgetary policy is an important part to understand the basic problems of use of resources distribution of income etc There are vast arrays of fiscal institutions –tax systems expenditure programs budgetary procedures stabilization instruments debt issues, levels of govermment etc which raise a spectrum of issues arising from the operation of these institutions. Further, The existence of externalities, concern for adjustment in the distribution of income and wealth, etc. require political processes for their solution in a manner which combines individual freedom and justice. This paper combines a through undersanding of scal institutions with careful analysis of the issues which underline budgetary policies in genereal and India experience in particular.
Module1: Introduction
Role of Government in organized society; Changing perspective-government in a mixed economy; public and private sector cooperation Government as an agent for economic planning and development; Government as a tool for operationalizing the planning process; private goods public goods and merit goods Market failure-imperfections decreasing costs, externalities public goods Uncertainty and non –existence markets; Informational asymmetry-theory of second best.
Module2: Public Choice
Private and public mechanism for allocating resources; Problems for allocating resources; problems of preference revelalion and aggregation of preferences voting systems Arrow impossibility theorem; An economic theory of democ politico-eco bureaucracy; Rent seeking and directly unproductive profit seeking (DUP) activities.
Module3: Rationale of public policy
Allcoation of resources-provision of public goods Voluntary exchange model; Impossibility of decentralized provisions of public goods (contributions of Samuelson and Musgrave); Demand revealing scheme of public goods –Contributions of Clarks Groves and Leyard Tibout model theory of club goods stabilization policy-keynesian case for stabilization policy Uncertainty and Expectations; Failure of inter-temporal markets; Liquidity preference Social goods; Poverty Alleviation; Provision of infrastructural facilities, removing distributional inequalities and regional imdalances.
Module 4 : Public Expenditure
Wagner’s law of increasing state activities; Wiesman-peacock hypothies; Pure theory of public expenditure; Structure and growth of public expenditure; Criteria for public investment; Social cost benefit analysis- Project evaluation, Estimation of costs, discount rate; Reforms in expenditure budgeting; Programme budgeting and zero base budgeting.

Basic Reading list ( Common to I and II semester)
1. Atkinson, A.B. and J.E. siglitz (1980), Lectures on public Economics, Tata McGraw Hill, New York.
2. Auerbach, A.J. and M. Feldstern (Eds) (1985), Handbook of public Economics, Vol. I, North Holland, Amsterdam.
3. Buchanan, J.M. (1970), The public Finances, Richard D. Irwin, Homewood.
4. Goode, R. (1986). Government Finance Developing Countries. Tata McGraw Hill. New Delhi.
5. Houghton J.M. (1970), The public Finance: Selected Readings, Penguin, Harmondsworth.
6. Jha , R. (1998), Modern Public Economics, Routledge, London.
7. Menutt, P. (1998), The Economics of Public Choice, Edward Elgar, U.K..
8. Musgrave, R.A.(1959), The Theory of Public Finance, McGraw Hill, Kogakhusa, Tokyo
9. Musgrave,R.A. and P.B.Musgrave (1976), Public Finance in Theory and Practice, McGraw Hill, Kogakusha, Tokyo.
10. Shoup, C.S. (1970), Public Finance, Aldine, Chicago.
11. Shome, P. (Ed.) (1995), ax policy : Handbook; Tax Division, Fiscal Affairs Department, International Monetary Fund, Washington D.C


Paper-1-4- MATHEMATICAL METHODS FOR ECONOMISTS
PREAMBLE
The main objective of this paper is to train the students to use the techniques of mathematical and statistical analysis, which are commonly applied to understand and analyze economic problems. The emphasis of this paper is on understanding economic concepts with the help of mathematical methods rather than learning mathematics itself. Hence in this paper a student will be initiated into various economic concepts, which are amenable to mathematical treatment.
Module: 1
The concepts; Importance of Mathemiti9calmethods in Economics analysis: Revision of elen algebra ; Equations-Solution of linear and quadratic equation and their applications in economics. Theory of sets. Linear and non-functions: Linear, quardratic, cubic, parabolic, hyperbolic, logarithmic, and exponential functions and their graphs. Simple and compound Growth rates and their application.
Module 2 :
Concept of function and types of functions, Limit and continuity. Derivatives Rules of derivatives. Interpretation of derivative as marginal concept: Marginal revenue, marginal propensity to consume and save. Rules of particle differentiation and interpretation of partial derivatives; marginal productivity etc., Applications of derivatives: Elasticities-Theorems on elasticities. Price elasticity of demand. Partial elasticities of demand-Substitutes and compliments. Income elasticities of demand-Inferior and sprier commodities. Engel’s curve. Cost elasticities. Elasticity of substation and fact oral shares.
Module 3 :
Homegenous functions; Cobb-Douglas and CES production functions their properties. Euler’s theorem and adding up controversy. Market Equilibrium;Effects of specific and advalorem taxes on price and output. Effect of subsides. Walrasian and Marshallian statistic stability conditions. Hicksian Multi-market stability conditions.
Module: 4
Conditions for maximum and minimum in single and multivariable functions; Unconstrained and constrained optimization problems; Necessary and sufficient conditions for consumer equilibrium; numerical problems of utility maximization; derivation of ordinary and compensated demand function. Output revenue and pofit maximization and cost minimization problems under perfect competition. Profit maximization problems under monopolyu, duopoly and oligopoly markets.
Module: 5
Concepts of integration; Simple rules of integration; application to consumer’s surplus and producer’s surplus: Differential equations-Solution of first order differential equations; Applications in trade cycle models; Growth models and lagged market equilibrium models. Difference equations-Solutions of first order differential equation and their applications.

Module: 6
Determinants and their basic properties: Solution of simultaneous equations through Cramer’s rule; Concept of matrix-their types, simple operations on matrices, matrix inversion and rank of a matrix; oncept of vector-its properties; Matrices and vectors; Concepts of quadratic forms-Eigen roots and Eigen vectors; Introduction ti input-output analysis;
Module 7 : Linear programming:
Linear programming- Basic concepts; Formulation of a programming problem-its structure and variables; Nature of feasible, basic and optimal solution; Solution of linear programming through graphical and simplex method; Statement of basic theorems of linear programming; Formulation of the dual of a programming and its interpretation; Shadow prices and their uses; Concept of duality and statement of duality theorems; Concepts of a game; Strategies simple and mixed; Value of a gane; Saddle point solution applications.
Basic Reading List:
1. veerachamy. R.(2002) Quantitative Methods for Economists, New Age International publisher New Delhi.
2. Allen, R.G.D. (1974), Mathematical Analysis for Economics, Macmillan Press and ELBS, London.
3. Chi9ang, A.C. (1986), Fundamental Methods of Mathematical Economics, McGraw hill, New York.
4. Handry, A.T.( 1999), Operations Research, Prentice Hall of India, New Delhi.
5. Thah, H.A. (1997), Operations Research: An Introduction (6th Edition), Prentice Hall of India Pvt. Ltd., New Delhi.
6. Yamane, Taro (1975), Mathematics for Economists, Prentice Hall of India, New Delhi.
7. Handerson & Quandt, Micro Economic Theory: A Mathematical Approch.


Paper 1.5.1-AGRICULTURAL ECONOMICS
PREAMBLE
The objective of this course is to provide a detailed treatment of issue in agricultural economics to those intending to specialize in this area. Its objective is to familiarize students with policy issues that are relevant to Indian agriculture economics and enable them to analyze the issue, using basic micro-economic concepts.
Module 1: Agriculture and Economic Development:
Nature and scope of agricultural and rural economics; Traditional agriculture and its modemization; Role of agriculture in economic development; Interdependence between agriculture and industry-some empirical evidence; Models of interaction between agriculture and the rest of economy; Agricultural development, poverty and environment.
Module 2 : Economics of Rural Infrastructure:
use of land, water and energy; Rural transport, communication, banking, extension services, role, models and problems of rural electrification; Rural social infrastructure, - education and health and information dissemination
Module 4 : Agricultural Production and Productivity
Agricultural production- Resource use and efficiency; Production function analysises in agriculture; Foctor combination and resourse substitution; Cost and supply curves; Size of farm and laws of returns-Theoretical and empirical findings; Farm budgeting and cost concepts, Supply responses of individual crops and aggregate supply; Resource use efficiency in traditional agriculture; Technical change, labour absorption and gender issue in agricultural services.
Module 5 : Land Reforms and Land Policy
Principles of land utilization; Land distribution-Structure and trends; Land and rent;Land tenures and farming systems-peasant, capitalist, collective and state farming; Tenancy and crop sharing-forms, incidence and effects; Land reform measure and performance; Women and land reforms; Problems of marginal and small farmers.
Module 6: Cooperation in India
Cooperative movement; Genesis and growth of cooperative sector: Agricultural cooperation in India; Problems and prospects of cooperative institution.
Module 7: Agricultural Growth in India: Recent trends in agricultural growth in India; Inter-regional variations in growth of output and productivity; Cropping pattern shifts; Supply of inputs-Irrigation, powere, seed and fertilizers; procing if inputs and role of subsides; Distribution of gains from technological change; Role of public investment and capital formation in Indian agriculture; Strategy of agricultural development and technological progress; Sustainable agriculture-indigenous partices; Bio-technological practice and growth potential.

Basic Reading List ( Common to I and II semester)
1. Desai.R.G, (2002), (Second edition), Agricultural Economics-Theory, Problems & Policy, Himalaya publishing House, Mumbai.
2. Bhaduri, A.(1984 ), The Economic Structure of Backward Agriculture, Macmillan, Delhi.
3. Bilgrami, S.A.R.(1996), Agricultural Economics, Himalay Publishing House, Delhi.
4. Dantawala, M.L. et. Al (1991), India Agricultural Development Since Indipendence, Oxford & IBH, New Delhi.
5. Government of India (1976), Report of the National Commission on Agriculture, New Delhi.
6. Government of India, Economic Survey (Annual), New Delhi.
7. Gulati, A. and T.Kelly (1999), Trade Liberalisation and Indian Agriculture, Oxford University Press, New Delhi.
8. Joshi, P.C. (1975), Land Reforms in India; Trends and Prospects, allied publishers, Bombay.
9. Kahlon, A.S. and Tyagi D.S. (1983), Agriculture Price Policy in India, Allied Publishers, New Delhi.
10. Rao, C.H. Hanumantha (1975), Agriculture Price Policy in India, Allied Publishers, New Delhi.
11. Rao, C.H.. Hanumatha (1975), Agriculture Growth, Rural Poverty and Environmental Degradation in India, Oxford University Press, New Delhi.
12. Reserve Bank of India, Reprt on Currency and Finance (Annual), Mumbai.
13. Rudra, A.(1982), Indian Agricultural Economics: Myths and Reality, Allied Publishers, New Delhi.
14. Saini, G.R.(1979), Farm Size, Resource use efficiency and Income Distribution, Allied Publishers, New Delhi.

Contact Details:
Tumkur University Administrative Office
vishwavidyanilaya karyalaya bh road 572103
Tumakuru, Karnataka 572103

Map location:
[MAP]Tumkur University Administrative Office[/MAP]

For complete syllabus here is the PDF file;