12

DETAILED SYLLABI OF M.SC. ECONOMICS (HONOURS) 5-YEAR INTEGRATED PROGRAMME (SEM I,II, III & IV ONLY)
MCC-1
Session 2023-2024
Part-A Introduction
Subject MSC- Economics (Honours) 5-Year Integrated Programme
Semester I
Name of the Course APPLIED MICRO ECONOMICS-I
Course Code B23-MSE-101
Course Type: (CC/MCC/MDC/ CCM/ MCC-1
DSEC/VOC/DSE/PC/AEC/ VAC
Level of the course (As per Annexure-I) 100-199
Pre-requisite for the course (if any) N.A.
Course Learning Outcomes (CLO) After completing this course, the learner will be able to:
1. Know the scope and breadth of Micro Economics along with understanding
the core principles of demand and supply so that they are able to apply the
understanding of these concepts to comprehend real world problems along
with the ability to think critically and analyze economic problems.
2. Understanding the core principles of production and costs so that they are
able to apply the understanding of these concepts to comprehend real world
problems along with the ability to think critically and analyze economic
problems.
3. Analyze given situations in a variety of markets on a microeconomic level.
Understand the internal structure and assumptions of the different analytical
frameworks of market conditions, their explanatory power and limitations.
4. Exhibit the ability to learn and apply relevant optimization techniques for
analysis of microeconomic Behaviour of consumer, producer and firm.
Simultaneously Understanding the implications and ethical as well as value
part of it.
5*. Apply the basic concepts of scarcity and opportunity cost; manipulate the
basic demand and supply model to determine an equilibrium price and
quantity, changes to equilibrium price and quantity, and their impact on
resource allocation.
Credits Theory Practical Total
3 1 4
Contact Hours 3 2 5
Max. Marks: 100 Time: 3 Hours
Internal Assessment Marks: 20+10*
End Term Exam Marks: 50+20*
Part-B Contents of the Course
Instructions for Paper Setters
1. Nine Questions will be set in all and students will be required to attempt 5 questions.
2. Question No. 1 will be compulsory and will consist of 5 short answer type questions of 2 marks spread over the entire
syllabus (2*5=10 marks).
3. For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (10 marks each).
Unit Topics Contact Hours
I Introduction and Demand Analysis
Subject matter of Economics; Scarcity as basic economic problem; Analysis of basic 15
problems through Production Possibility Frontier; Law of Demand and Elasticity of
Demand (Price, Income and Cross) and their measurement
II Utility analysis
Diminishing Marginal and Equi-Marginal Utility; Ordinal utility analysis and 15
Consumer Equilibrium; Revealed Preference and Hicks’ revised Demand Theory;
Consumer Surplus and Producer Surplus.

III Theory of Production

Production function-types; Law of variable proportions; Iso- quants & least-cost 15
Combination; Laws of returns & economies of scale
 13

IV Supply and Cost Analysis

Law of supply; Elasticity of Supply and its measurement; Economies and 15
Diseconomies of Scale; Costs- Traditional & Modern Theory
V* Practicum Syllabus:
1. Derivation of Demand Curve
2. Computation of Demand Elasticity
3. Compensating Variation for Consumer Surplus
4. Equivalent Variation for Consumer Surplus
5. Derivation of A Production Function 15
6. TR, MR, AR Relationship
7. TC, MC, AC Relationship
8. TP, MP, AP Relationship
9. Computation of Elasticity of Supply
10. Derive PE=SE+IE
Suggested Evaluation Methods
Internal Assessment: End Term Examination:
 Theory
Class Participation 5 Theory - 50
Seminar/Presentation/Assignment/Quiz/Class Test etc. 5 viva voce* - 20
Mid Term Exam: 10
 Practicum (15 Hours)
Class Participation
Seminar/Demonstration/Viva Voce/Lab Records etc. 10
Mid Term Exam:

Part-C Learning Resources

Recommended Books/E-Resources/LMS:
● Archibald, G.C. (Ed.) (1971). Theory of the Firm. Penguin, Harmondsworth.
● Baumol, W.J. (1982). Economic Theory and Operations Analysis. Prentice Hall of India, New Delhi.
● C. Snyder and W. Nicholson (2016), ‘Microeconomic Theory- Basic Principles and Extensions’ 12th ed.
● Da Costa, G.C. (1980). Production, Prices and Distribution. Tata McGraw Hill, New Delhi.
● Gravelle, H., & Rees, R. (2004). Microeconomics (3rd ed). Financial Times/ Prentice Hall.
● Green, H.A.G. (1971). Consumer Theory .Penguin, Harmondsworth.
● Healthfields and Wibe (1987). An Introduction to Cost and Production Functions. Macmillan, London.
● Henderson & Quandt (1980). Microeconomic Theory: A Mathematical Approach. McGraw Hill, New Delhi.
● Hirshleifer, J. & Glazer, A. (1997). Price Theory and Applications. Prentice Hall of India, New Delhi.
● Koutsoyiannis, A. (1979). Modern Microeconomics (2nd Edition). Macmillan Press, London.
● Mankiw, N. G. (2016). Principles of microeconomics (8th ed.). Cengage Learning.
● Pindyck R. & Rubinfeld, D. (2015). Microeconomics (9th Edition). Pearson.
● Salvatore, D. (1974). Schaum's outline of theory and problems of microeconomic theory. New York, McGraw-Hill.
● Salvatore, D. (2009). Microeconomics-Theory and Applications. Oxford University Press.
● Varian, H. (2003). Intermediate Microeconomics. East-West Press.

* Applicable for courses having practical component.

 14

MCC-2
Session 2023-2024
Part-A Introduction
Subject MSC- Economics (Honours)5year integrated
Semester 1st Semester
Name of the Course Applied Macro Economics-I
Course Code B23- MSE-102
Course Type: (CC/MCC/MDC/ CCM/ MCC-2
DSEC/VOC/DSE/PC/AEC/ VAC
Level of the course (As per Annexure-I) 100-199
Pre-requisite for the course (if any) N.A.
Course Learning Outcomes (CLO) After completing this course, the learner will be able to:
1. Have knowledge about national income and related concept.
2. Have knowledge about different approaches of measurement of
national income aggregates and methodology.
3. Have knowledge about different approaches of accounting and
limitations of GDP concept.
4. Have understanding about basic elements consumption and
investment functions.
5*. Have knowledge about Computation of GDP at market price, Computation
of GNP at market price, Computation of NNP at market price ,Computation of
NDP at market price, Computation of GDP at factor cost, Computation of
GNP at factor cost, Computation of NDP at factor cost ,Computation of NNP
at factor cost ,Derivation and computation of APC, MPC, MPS, APS &
Derivation and computation of MEC, Supply price.
Credits Theory Practical Total
3 1 4
Contact Hours 3 2 5
Max. Marks:100 Time:3 Hrs
Internal Assessment Marks:20+10*
End Term Exam Marks: 50+20*
Part-B Contents of the Course
Instructions for Paper Setters
1. Nine Questions will be set in all and students will be required to attempt 5 questions.
2. Question No. 1 will be compulsory and will consist of 5 short answer type questions of 2 marks spread over the entire
syllabus (2*5=10 marks).
3. For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (10 marks each).
Unit Topics Contact Hours
I Introduction and National Income Aggregates 15
-Nature and Scope of Macro Economics
- GDP, NDP, GNP and NNP at market price
- GDP, NDP, GNP and NNP at factor cost
-Private, personal and personal Disposable Income
II Measurement of National Income 15
-Expenditure Approach
-Income Approach
-Value Added Approach
-Problem in the estimation of National Income
III System of Accounting 15
-Flow of fund Accounting
-Balance of Payment Accounting
-Limitations of GDP Concept
IV Consumption and Income Functions 15
-Concepts of APC, MPC, MPS, APS
- Autonomous and Induced Investment
- MEC, Supply price
- Actual and Potential GDP
 15

V* Practicum syllabus: 15
1. Computation of GDP at market price
2. Computation of GNP at market price
3. Computation of NNP at market price
4. Computation of NDP at market price
5. Computation of GDP at factor cost
6. Computation of GNP at factor cost
7. Computation of NDP at factor cost
8. Computation of NNP at factor cost
9. Derivation and computation of APC, MPC, MPS, APS
10. Derivation and computation of MEC, Supply price
Suggested Evaluation Methods
Internal Assessment: End Term Examination:
 Theory Theory 50
Class Participation 5 Viva Voce* 20
Seminar/Presentation/Assignment/Quiz/Class Test etc. 5
Mid Term Exam: 10
 Practicum (15 Hours)
Class Participation
Seminar/Demonstration/Viva Voce/Lab Records etc. 10
Mid Term Exam:

Part-C Learning Resources

Recommended Books/E-Resources/LMS:
 N. Gregory Mankiw (2010): Macroeconomics, 7th edition, Cengage Learning India Private Limited, New Delhi
 Richard T. Froyen (2005): Macroeconomics, 2nd Edition, Pearson Education Asia, New Delhi.
 Blanchard: Macroeconomics (Pearson Education), 4th Edition.
 Branson, W.A. (1989), Macroeconomic Theory and Policy, (3rd Edition), Harper and Row, New York.
 Dernburg, T.F.and D. M.Mc Dougall, Macroeconomics, McGraw Hill International Book Company.
 Dornbusch, Fisher and Startz: Macroeconomics (Tata McGraw-Hill), 9th Edition.
 Ackley, G. (1978), Macroeconomics: Theory and Policy, Macmillan, New York.
 Bernanke and Abel: Macroeconomics, 4th Edition

* Applicable for courses having practical component.

 16

MCC-3
Session 2023-2024
Part-A Introduction
Subject MSC- Economics (Honours)5year integrated
Semester II
Name of the Course Quantitative Methods for Economists –I
Course Code B23-MSE-201
Course Type: (CC/MCC/MDC/ CCM/ MCC-3
DSEC/VOC/DSE/PC/AEC/ VAC
Level of the course (As per Annexure-I) 100-199
Pre-requisite for the course (if any) N.A.
Course Learning Outcomes (CLO) After completing this course, the learner will be able to:
1. Understand about fundamentals of Set theory and applications and making
the students understand the concept of functions, limit and continuity.
2. To get exposure about Matrices, and operations on matrices, introducing
students about applications of matrices, and higher operations on them.
3. Understanding about derivatives, partial and total, and their economic
applications. It also has the objective of detailing about maxima and minima of
functions, and applications of constrained and unconstrained maxima and
minima.
4. Learn about the basics of Linear programming problems and solution;
explaining the applications of game theory and Nash equilibrium.
5* Aims at introducing students about applications of Matrix Cramer rule
,Matrix inverse method, Leontief metric, Simple derivatives, Higher order
derivatives, Partial and total derivatives, Maxima and minima of a function,
Principle of dominance, Prisoner’s dilemma, and Nash Equilibrium.
.
Credits Theory Practical Total
3 1 4
Contact Hours 3 2 5
Max. Marks:100 Time: 3 Hrs
Internal Assessment Marks:20+10*
End Term Exam Marks: 50+20*
Part-B Contents of the Course
Instructions for Paper Setters
1. Nine Questions will be set in all and students will be required to attempt 5 questions.
2. Question No. 1 will be compulsory and will consist of 5 short answer type questions of 2 marks spread over the entire
syllabus (2*5=10 marks).
3. For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (10 marks each).
Unit Topics Contact Hours
I Set Theory and Economic Applications 15
Concepts of set, elementary set operations, laws of set operations, Number of
elements in a set, applications of sets
Functions, limits & continuity: Types of functions, Factors, Substitution and
rationalization Methods, continuity and discontinuity of functions;
II Matrix Algebra and Economic Applications 15
Matrices-types, addition, multiplication of Matrices, Inverse of matrix, Cramer’s
rule and matrix inverse method
Applications of matrices in economics, Input-output analysis; more on matrices
(vectors, quadratic forms, Eigen roots and Eigen vectors)
III Derivatives and Differentiation, Optimization of a Function 15
Differentiation, simple derivatives, higher order derivatives of one variable, their
economic applications. Partial total derivatives, double order partial derivative,
economic applications
Maxima & minima of functions: necessary and sufficient conditions for functions,
economic application of unconstrained & constrained maxima & Minima.
IV Linear Programming and Game Theory 15
 17

Linear Programming: Graphical and Simplex method, Dual Problem in linear

programming
Game Theory: odd moment’s method, principle of dominance & simplex method,
Prisoner’s dilemma in game theory, concept of Nash Equilibrium.

V* 1. Matrix Cramer rule 15

2. Matrix inverse method
3. Leontief metric
4. Hawkins Simon conditions
5. Simple derivatives
6. Higher order derivatives
7. Partial and total derivatives
8. Maxima and minima of a function
9. Constraint and unconstraint maxima and minima
10. Principle of dominance
11. Prisoner’s dilemma
12. Nash Equilibrium.
Suggested Evaluation Methods
Internal Assessment: End Term Examination:
 Theory Theory -50
Class Participation: 5 viva voce*-20
Seminar/Presentation/Assignment/Quiz/Class Test etc. 5
Mid Term Exam: 10
 Practicum (15 Hours)
Class Participation
Seminar/Demonstration/Viva Voce/Lab Records etc. 10
Mid Term Exam:

Part-C Learning Resources

Recommended Books/E-Resources/LMS:
 Quantitative Methods by D.R. Aggarwal ,Basic Mathematics for Economists by R.C. Joshi, New Academic Publishing.
 Operations Research by Hamdy A. Taha
 Operations Research by R. Wagnor
 Jain TR, Aggarwal SC, Rana, RK: Basic Mathematics for Economists, V Publications, New Delhi
 Bhardwaj RS: Mathematics for Economics and Business, EXCEL Books, New Delhi
 Jain TR, Aggarwal SC, Rana, RK: Basic Mathematics for Economists, V Publications, New Delhi
 Mathematics for Economics by Michael Hoy etal, PHI, New Delhi, 2004.
 Miller, R.E. and P.D. Blair (1985) Input-Output Analysis: Foundations and Extensions. Prentice-Hall, Englewood
Cliffs, New Jersey.
 Quantitative Methods for Business and Economics by Adil H. Mouhammed, PHI, New Delhi, 2003.
 Quantitative Techniques in Management by N.D. Vohra, TMH.
 Sydsaeter K, Hammond. P. J(2002): Mathematics for economic analysis, Pearson Education Asia, Delhi Taro Yamane,
Mathematics for Economists, PHI, 1973
 Quantitative Methods by D.R. Aggarwal, Basic Mathematics for Economists by R.C. Joshi, New Academic Publishing.
 Jain TR, Aggarwal SC, Rana, RK: Basic Mathematics for Economists, V Publications, New Delhi
 Leontief, W. (1936) Quantitative input-output relations in the economic systems of the United States. Review of
Economics and Statistics, Vol 15, pp.105-125.
 AC Chaing, K Wainwright: Fundamental Methods of mathematical economics, McGraw-Hill Proops, J., Faber, M. and
Wagenhals, G. (1993) Reducing CO2 Emissions: A Comparative Input-Output Study for Germany and the UK,
Springer-Verlag, Heidelberg.
 Aggarwal, H.S. : Modren Micro -Economics, Konark, New Delhi, 1998.
* Applicable for courses having practical component.
 18

DSEC-1
Session 2023-2024
Part-A Introduction
Subject MSC- Economics (Honours)5year integrated
Semester II
Name of the Course STATISTICAL TECHNIQUES FOR ECONOMICS
Course Code B23-MSE-203
Course Type: (CC/MCC/MDC/ CCM/ DSEC-1
DSEC/VOC/DSE/PC/AEC/ VAC
Level of the course (As per Annexure-I) 200-299
Pre-requisite for the course (if any) N.A.
Course Learning Outcomes (CLO) After completing this course, the learner will be able to:
1. Know the scope and breadth of Statistics along with understanding the core
principles of measurement and scaling of variables, methods of data collection,
editing and presentation so that they are able to apply the understanding of
these concepts to comprehend real world problems along with the ability to
think critically and analyze statistical problems.
2. Understanding the core principles of correlation and regression so that they
are able to apply the understanding of interrelationships for forecasting among
variables to comprehend real world problems along with the ability to think
critically and analyze economic problems.
3. Analyze given situations on prices and quantities in a variety of cases on
Index numbers relating to price and quantities. Helping the students understand
the basic structure and assumptions of the different kinds of index numbers ,
their adequacy and limitations.
4. Exhibit the ability to learn and apply techniques for analysis of seasonal and
long term variations of time series data. Simultaneously make the students
understanding the significance of trend determination and deseasonalisation of
data.
5*Develop a practical knowledge of data presentation, relationship between
variables and understanding of the time series and Index Number methods.

Credits Theory Practical Total

3 1 4
Contact Hours 3 2 5
Max. Marks:100 Time: 3 Hrs
Internal Assessment Marks:20+10*
End Term Exam Marks: 50+20*
Part-B Contents of the Course
Instructions for Paper Setters
1. Nine Questions will be set in all and students will be required to attempt 5 questions.
2. Question No. 1 will be compulsory and will consist of 5 short answer type questions of 2 marks spread over the entire
syllabus (2*5=10 marks).
3. For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (10 marks each).
Unit Topics Contact Hours
I Introduction of Data 15
-Subject matter of statistics
- functions and limitations
Measurement of data: Nominal, Ordinal, Interval and Ratio scale
-Collection, Editing and presentation of data: Primary data collection methods,
Editing, Classification, Tabulation and presentation: One-way, Two-way,
classification, frequency graphs, histograms, Pi-graphs, stem-and-leaf diagrams

II Correlation and Regression Analysis 15

-Correlation: meaning, types. Observation of correlation-Scatter diagram method,
Product moment formula, Bivariate data, Basic idea about multiple correlations.
 19

Properties of correlation coefficient, Probable error

-Regression Analysis: meaning, types, regression lines and regression coefficients,
Least square method, Explained and unexplained variation, Standard error of
estimate.
III Index numbers 15
-meaning, types, unweighted and unweighted Price
index numbers and Quantity Index numbers, Fixed base and Chain base, Splicing
and Base-shifting, Tests on adequacy of Index numbers
- Problems in the construction of index numbers, Importance of Index numbers
IV Time Series Analysis 15
- Components of time series-Regular, Seasonal, Cyclical and Secular variations.
Models-additive and multiplicative.
-Measurement of trend: semi-average method, moving average method, Least
square method- Linear, Parabolic and Exponential trend
-Measurement of seasonal variation: Method of simple Averages, Method of
moving averages, Ratio-to-moving average method, Ratio-to-trend method, Link
Relatives method
V* Practicum syllabus: 15
1. Processing of raw data into tables and graphs
2. Correlation for bivariate table
3. Regression for bivariate table
4. Standard error of estimate of trend values
5. Construction of Chain based index numbers
6. Construction of Fixed base index numbers.
7. Base-shifting and Splicing of Index number series.
8. Calculation of long term trend in Time series
9. Calculation of seasonal trend in Time series
10. De-seasonalisation of data
Suggested Evaluation Methods
Internal Assessment: End Term Examination:
 Theory Theory -50
Class Participation: 5 viva voce*-20
Seminar/Presentation/Assignment/Quiz/Class Test etc. 5
Mid Term Exam: 10
 Practicum (15 Hours)
Class Participation
Seminar/Demonstration/Viva Voce/Lab Records etc. 10
Mid Term Exam:

Part-C Learning Resources

Recommended Books/E-Resources/LMS:
 Stephen Bernstein & Ruth Bernstein: Schaum's Outline-Theory and Problems of
Elements of Statistics(McGraw Hill Professional)
 BL Aggarwal: Basic Statistics(New Age International Publications)
 Gupta, SC and Kapoor,VK: Fundamental of Mathematical Statistics(Sultan Chand and
sons,Delhi)
 Joseph H Healey-Statistics(Thomson Wadsworth)
 Gupta,SC and Kapoor,VK- Fundamentals of Applied Statistics(Sultan Chand&sons,Delhi)
 *Gupta,SP -Statistical Methods(Sultan Chand,Delhi)

* Applicable for courses having practical component.

 20

MCC-4
Session 2023-2024
Part-A Introduction
Subject MSC- Economics (Honours)5year integrated
Semester III
Name of the Course APPLIED MICRO ECONOMICS-II
Course Code B23-MSE-301
Course Type: (CC/MCC/MDC/ CCM/ MCC-4
DSEC/VOC/DSE/PC/AEC/ VAC
Level of the course (As per Annexure-I) 200-299
Pre-requisite for the course (if any) N.A.
Course Learning Outcomes (CLO) After completing this course, the learner will be able to:
1. Have insight about basics of perfect completion and determination of market
equilibrium
2. Have knowledge about imperfect markets and determination of market
equilibrium
3. Exhibit the ability to learn and apply relevant optimization techniques of
pricing strategy involves the processes and methodologies that can be used to
set prices for products and services.
4. Learn the concepts of factor prices and understanding the concept of wage,
rent profit and interest determination theory
5*. Critically evaluate the usage of policy in microeconomic markets, explain
the theory of the firm; model and explain the theoretical market structures of
perfect competition and imperfect competition.
Credits Theory Practical Total
3 1 4
Contact Hours 3 2 5
Max. Marks: 100 Time: 3 Hours
Internal Assessment Marks: 20+10*
End Term Exam Marks: 50+20*
Part-B Contents of the Course
Instructions for Paper Setters
1. Nine Questions will be set in all and students will be required to attempt 5 questions.
2. Question No. 1 will be compulsory and will consist of 5 short answer type questions of 2 marks spread over the entire
syllabus (2*5=10 marks).
3. For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (10 marks each).
Unit Topics Contact Hours
I Market Structure-I
Structure of markets, perfect competition- characteristics, Equilibrium of firm and 15
Industry, price determination under perfect competition. Monopoly-Characteristics,
equilibrium, price or output determination under monopoly. Price discrimination and
its degrees.
II Market Structure-II
Monopolistic Competition-Characteristics, equilibrium, price and non-price 15
competition; Features of Oligopoly markets and Kinked demand curve.

III Pricing Strategies

Pricing Practices: Cost Plus Pricing, Marginal Cost Pricing, Rate of Return Pricing, 15
Product Life Pricing, Price Skimming, Penetration Pricing, Markup Pricing. State
Intervention and Administered Prices.
IV Theory of Distribution
Theory of Factor Pricing: Marginal Productivity theory of Distribution, Modern 15
Theories of Wage, Rent, Interest & Profit.
V* Practicum Syllabus:
1. Equilibrium of the firm under Perfect competition market
2. Equilibrium of the Industry under Perfect competition market
3. Short run equilibrium of the firm under Monopoly market
 21

4. Long run equilibrium of the firm under Monopoly market

5. Short run equilibrium of the firm under monopolistic market 15
6. Long run equilibrium of the firm under monopolistic market
7. Derivation of Kinked Demand curve
8. Pricing Practices
9. Computation and relationship of MPP, MRP, and VMP
10. Derivation and computation of Quasi rent
Suggested Evaluation Methods
Internal Assessment: End Term Examination:
 Theory
Class Participation 5 Theory - 50
Seminar/Presentation/Assignment/Quiz/Class Test etc. 5 viva voce* - 20
Mid Term Exam: 10
 Practicum (15 Hours)
Class Participation
Seminar/Demonstration/Viva Voce/Lab Records etc. 10
Mid Term Exam:

Part-C Learning Resources

Recommended Books/E-Resources/LMS:
● Archibald, G.C. (Ed.) (1971). Theory of the Firm. Penguin, Harmondsworth.
● Baumol, W.J. (1982). Economic Theory and Operations Analysis. Prentice Hall of India, New Delhi.
● C. Snyder and W. Nicholson (2016), ‘Microeconomic Theory- Basic Principles and Extensions’ 12th ed.
● Da Costa, G.C. (1980). Production, Prices and Distribution. Tata McGraw Hill, New Delhi.
● E.K. Browning and M.A. Zupan (2014), ‘Microeconomics- Theory and Applications’ 12th ed.
● Gravelle, H., & Rees, R. (2004). Microeconomics (3rd ed). Financial Times/ Prentice Hall.
● Green, H.A.G. (1971). Consumer Theory .Penguin, Harmondsworth.
● Healthfields and Wibe (1987). An Introduction to Cost and Production Functions. Macmillan, London.
● Henderson & Quandt (1980). Microeconomic Theory: A Mathematical Approach. McGraw Hill, New Delhi.
● Hirshleifer, J. & Glazer, A. (1997). Price Theory and Applications. Prentice Hall of India, New Delhi.
● Koutsoyiannis, A. (1979). Modern Microeconomics (2nd Edition).Macmillan Press, London.
● N. Mankiw (2023), ‘Principles of Economics’ 10th ed.
● Pindyck R. & Rubinfeld, D. (2015). Microeconomics (9th Edition). Pearson.
● Salvatore, D. (1974). Schaum's outline of theory and problems of microeconomic theory. New York, McGraw-Hill.
● Salvatore, D. (2009). Microeconomics-Theory and Applications. Oxford University Press.
● Varian, H. (2014). Intermediate Microeconomics. East-West Press. 9th ed.

* Applicable for courses having practical component.

 22

MCC-5
Session 2023-2024
Part-A Introduction
Subject MSC- Economics (Honours)5year integrated
Semester III
Name of the Course APPLIED MACRO ECONOMICS-II
Course Code B23- MSE-302
Course Type: (CC/MCC/MDC/ CCM/ MCC-5
DSEC/VOC/DSE/PC/AEC/ VAC
Level of the course (As per Annexure-I) 200-299
Pre-requisite for the course (if any) N.A.
Course Learning Outcomes (CLO) After completing this course, the learner will be able to:
1. Have knowledge about flow of income, Classical and Keynesian Theory of
income and employment.
2. Have knowledge about hypothesis of income and consumption
relationship.
3. Have understanding about the concept of multiplier and theory of money.
4. Have further understanding the implications of monetary and fiscal policies.
5*. Have understanding about the presentation of circular flow of income,
derivation of IS-LM and derivation of Philips curve.
Credits Theory Practical Total
3 1 4
Contact Hours 3 2 5
Max. Marks:100 Time:3 Hrs
Internal Assessment Marks:20+10*
End Term Exam Marks: 50+20*
Part-B Contents of the Course
Instructions for Paper Setters
1. Nine Questions will be set in all and students will be required to attempt 5 questions.
2. Question No. 1 will be compulsory and will consist of 5 short answer type questions of 2 marks spread over the entire
syllabus (2*5=10 marks).
3. For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (10 marks each).
Unit Topics Contact Hours
I Flow of Income and Employment Equilibrium 15
-Circular flow of income
-Say’s Law of Market
-Classical Theory of Income and Employment
-Keynesian theory
II Income and Consumption Relationship 15
-Absolute income hypothesis
-Relative Income hypothesis
-Life cycle hypothesis
- Permanent income hypothesis
III Demand for Money and supply of Money 15
-Classical, Keynesian and Friedman approach
-Money supply determination, aggregates
IV Concept Multiplier, Inflation and Policies 15
-Investment, Tax, Foreign trade multiplier and Accelerator Principle
- Philips curve analysis
-External and Internal balance through IS-LM approach
-Fiscal and Monetary policy
V* Practicum syllabus: 15
1. Presentation of Circular flow of Income
2. Derivation, presentation and formulation of income multiplier
3. Derivation and presentation and formulation of foreign trade multiplier
4. Graphical presentation and derivation of aggregate demand and aggregate
supply
 23

5. (AD-AS)
6. Graphical presentation and derivation of Invest and saving (IS-LM)
7. Graphical presentation and derivation of IS-LM in closed and open
economy
8. Derivation and computation of money supply aggregates measures
9. Graphical presentation and derivation of Philips Curve analysis
10. Derivation of liquidity preference theory
Suggested Evaluation Methods
Internal Assessment: End Term Examination:
 Theory Theory 50
Class Participation 5 Viva Voce* 20
Seminar/Presentation/Assignment/Quiz/Class Test etc. 5
Mid Term Exam: 10
 Practicum (15 Hours)
Class Participation
Seminar/Demonstration/Viva Voce/Lab Records etc. 10
Mid Term Exam:

Part-C Learning Resources

Recommended Books/E-Resources/LMS:
 N. Gregory Mankiw (2010): Macroeconomics, 7th edition, Cengage Learning India Private Limited, New Delhi
 Richard T. Froyen (2005): Macroeconomics, 2nd Edition, Pearson Education Asia, New Delhi.
 Blanchard: Macroeconomics (Pearson Education), 4th Edition.
 Branson, W.A. (1989), Macroeconomic Theory and Policy, (3rd Edition), Harper and Row, New York.
 Dernburg, T.F.and D. M.Mc Dougall, Macroeconomics, McGraw Hill International Book Company.
 Dornbusch, Fisher and Startz: Macroeconomics (Tata McGraw-Hill), 9th Edition.
 Ackley, G. (1978), Macroeconomics: Theory and Policy, Macmillan, New York.
 Bernanke and Abel: Macroeconomics, 4th Edition

* Applicable for courses having practical component.

 24

MCC-6
Session 2023-2024
Part-A Introduction
Subject MSC- Economics (Honours)5year integrated
Semester IV
Name of the Course QUANTITATIVE METHODS FOR ECONOMISTS-II
Course Code B23-MSE-401
Course Type: (CC/MCC/MDC/ CCM/ MCC-6
DSEC/VOC/DSE/PC/AEC/ VAC
Level of the course (As per Annexure-I) 200-299
Pre-requisite for the course (if any) N.A.
Course Learning Outcomes (CLO) After completing this course, the learner will be able to:
1. Understand about fundamentals of straight line equation and its parameters;
and also making the students understand the point slope formula, and
derivation in case of circle, conic sections, and applications in economics
2. to get exposure about Integration, and its methods ;and introducing students
about integration of logarithmic and exponential functions; definite integral;
economic applications
3understanding about differential equations, solution, and its economic
applications and also detailing about difference equations, solution and their
economic applications
4. Describe and explain the basics of Linear and quadratic equations; and their
applications and explaining the applications of linear and quadratic equations
in present value of assets and fixed regular inflows.
5*Aims at introducing students about applications of Equation of straight line
,Consumer surplus, Producer surplus, differential equation, General and
particular solution of non homogeneous equations, Compounded annual
growth rate, Annuity, Present value.
Credits Theory Practical Total
3 1 4
Contact Hours 3 2 5
Max. Marks:100 Time: 3 Hrs
Internal Assessment Marks:20+10*
End Term Exam Marks: 50+20*
Part-B Contents of the Course
Instructions for Paper Setters
1. Nine Questions will be set in all and students will be required to attempt 5 questions.
2. Question No. 1 will be compulsory and will consist of 5 short answer type questions of 2 marks spread over the entire
syllabus (2*5=10 marks).
3. For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (10 marks each).
Unit Topics Contact Hours
I Analytical Geometry and its Economic Applications 15
Analytical geometry- Equation of straight line Slope: Positive & Negative slope,
Zero slope, Undefined Slope
The point slope formula; circle, conic sections, parabola, rectangular hyperbola;
Applications in economics
II Integration Methods and its Economic Applications 15
Integration-rules of integration, by parts, and by substitution, by partial fractions
Integration of logarithmic & exponential functions, evaluation of areas, Definite
Integral, Economic applications.
III Differential Equations and its Economic Applications 15
Differential equations-solution; homogeneous & non-homogeneous differential
equations, Exact differential equation, Economic applications
Difference equations-Solution, general & particular; Homogeneous & General linear
difference equations with constant co-efficient, economic applications.
IV Linear and Quadratic Equations and Applications in Economics 15
Linear and quadratic equation and its economic applications, Rate of growth
 25

(Compound Annual Growth Rate) and its measurement

Present value (Or capital value) and its application; Annuities: types, amount and
Present value
V* 1. Equation of straight line Slope 15
2. Circle, parabola and rectangular hyperbola
3. Consumer surplus
4. Producer surplus
5. homogeneous & non-homogeneous differential
6. Exact differential equation
7. General and particular solution of non homogeneous equations
8. Compounded annual growth rate
9. Annuity
10. Present value
Suggested Evaluation Methods
Internal Assessment: End Term Examination:
 Theory Theory-50
Class Participation: 5 Viva voce*-20
Seminar/Presentation/Assignment/Quiz/Class Test etc. 5
Mid Term Exam: 10
 Practicum (15 Hours)
Class Participation
Seminar/Demonstration/Viva Voce/Lab Records etc 10
Mid Term Exam:

Part-C Learning Resources

Recommended Books/E-Resources/LMS:
 Quantitative Methods by D.R. Aggarwal ,Basic Mathematics for Economists by R.C. Joshi, New Academic Publishing.
 Operations Research by Hamdy A. Taha
 Operations Research by R. Wagnor
 Jain TR, Aggarwal SC, Rana, RK: Basic Mathematics for Economists, V Publications, New Delhi
 Bhardwaj RS: Mathematics for Economics and Business, EXCEL Books, New Delhi
 Jain TR, Aggarwal SC, Rana, RK: Basic Mathematics for Economists, V Publications, New Delhi
 Mathematics for Economics by Michael Hoy etal, PHI, New Delhi, 2004.
 Miller, R.E. and P.D. Blair (1985) Input-Output Analysis: Foundations and Extensions. Prentice-Hall, Englewood
Cliffs, New Jersey.
 Quantitative Methods for Business and Economics by Adil H. Mouhammed, PHI, New Delhi, 2003.
 Quantitative Techniques in Management by N.D. Vohra, TMH.
 Sydsaeter K, Hammond. P. J(2002): Mathematics for economic analysis, Pearson Education Asia, Delhi Taro Yamane,
Mathematics for Economists, PHI, 1973
 Quantitative Methods by D.R. Aggarwal, Basic Mathematics for Economists by R.C. Joshi, New Academic Publishing.
 Jain TR, Aggarwal SC, Rana, RK: Basic Mathematics for Economists, V Publications, New Delhi
 Leontief, W. (1936) Quantitative input-output relations in the economic systems of the United States. Review of
Economics and Statistics, Vol 15, pp.105-125.
 AC Chaing, K Wainwright: Fundamental Methods of mathematical economics, McGraw-Hill Proops, J., Faber, M. and
Wagenhals, G. (1993) Reducing CO2 Emissions: A Comparative Input-Output Study for Germany and the UK,
Springer-Verlag, Heidelberg.
 Aggarwal, H.S. : Modren Micro -Economics, Konark, New Delhi, 1998.

* Applicable for courses having practical component.

 26

MCC-7
Session 2023-2024
Part-A Introduction
Subject MSC- Economics (Honours)5year integrated
Semester IV
Name of the Course BASIC ECONOMETRICS

Course Code B23-MSE-402

Course Type: (CC/MCC/MDC/ CCM/ MCC
DSEC/VOC/DSE/PC/AEC/ VAC
Level of the course (As per Annexure-I) 200-299
Pre-requisite for the course (if any) N.A.
Course Learning Outcomes (CLO) After completing this course, the learner will be able to:
1. Have knowledge about the basics of econometrics, econometric
models.
2. Have understanding of nature of regression analysis, with regard to
its assumptions, and least square method.
3. Have knowledge about tests of significance of parameter
Estimates, and sampling distribution of the estimates, tests.
4. Have understanding about basic elements of Best Linear Unbiased
efficient estimates, problems of autocorrelation, Multi-collinearity and
heteroscedasticity.
5*Have knowledge about Covariance and variance, two variable regression
model, Least square criterion, tests, probem.
Credits Theory Practical Total
3 1 4
Contact Hours 3 2 5
Max. Marks:100 Time:3 Hrs
Internal Assessment Marks:20+10*
End Term Exam Marks:50+20*
Part-B Contents of the Course
Instructions for Paper Setters
1. Nine Questions will be set in all and students will be required to attempt 5 questions.
2. Question No. 1 will be compulsory and will consist of 5 short answer type questions of 2 marks spread over the entire
syllabus (2*5=10 marks).
3. For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (10 marks each).
Unit Topics Contact Hours
I Introduction 15
Nature and scope of econometrics; Methodology of econometric
research; Desirable properties of an econometric model, Random
variables and sampling theory (only review); Covariance, variance,
and correlation.
II Regression Analysis 15
Nature of the regression analysis; Two variable regression analysis:
Some basic ideas; Assumptions of the linear stochastic regression
model; Distribution of the dependent variable Y; Problem of
estimation: The least square criterion and normal equations.
III Tests of the significance 15
2
Test of the goodness of fit with R ; Tests of the significance of parameter
estimates: Mean and variance of the OLS estimates; Variance of the
random variable, Sampling distribution of the OLS estimates (standard
error test, Z test and student’s t test); Confidence intervals for OLS
 27

estimates; Test of significance for sample correlation coefficient.

IV OLS Properties and problems 15
Desirable properties of estimators; Properties of OLS estimators; Second
order tests of the assumptions of linear regression model: The assumption
of the randomness of u, The assumption of zero mean of u, The assumption
of normality of u, the problem of Heteroscedasticity, Autocorrelation and
Multicollinearity (Nature, causes and consequences).
V* Practicum syllabus: 15
1. Covariance and variance
2. Estimation of two variable regression model
3. Least square criterion
4. Formulation of Z test
5. Formulation of student’s T test
6. Heteroscedasticity with example
7. Autocorrelation with example
8. Multicollinearity with example
Suggested Evaluation Methods
Internal Assessment: End Term Examination:
 Theory Theory 50
Class Participation 5 Viva Voce *20
Seminar/Presentation/Assignment/Quiz/Class Test etc. 5
Mid Term Exam: 10
 Practicum (15 Hours)
Class Participation
Seminar/Demonstration/Viva Voce/Lab Records etc. 10
Mid Term Exam:

Part-C Learning Resources

Recommended Books/E-Resources/LMS:
 Amemiya, T. (1985), Advanced Econometrics, Harvard University Press,
Cambridge, Mass.
 Baltagi, B.H. (1988), Econometrics, Springer, New York.
 Goldberger, A.S. (1998), Introductory Econometrics, Oxford University Press, New York.
 Gujarati, D.N. (1995), Basic Econometrics (2nd Edition) MC Graw Hill New Delhi.
 Intrilligator, M.D. (1978), Econometric Methods, Techniques and Applications,
Prentice Hall Englewood Cliffs, New Jersey.
 Johnson J. (1991), Econometric Methods, MCGraw Hall Book Co. London
 Kmenta J. (1998), Elements of Econometrics, University of Michigan Press, NewYork
 Koutsoyiannis, A. (1977), Theory of Econometrics, The Macmillan Press Ltd. London
 Maddala G.S.(Ed) (1993), Econometric Methods and application, Aldershot U.K.
 Pindyck R.S. and D.L. Rubinfield (1976), Econometric Models and Economic
Forecasts, MCGraw Hill Kogakusha Tokyo
 Theil H. (1981), Introduction to Econometrics, Prentice Hall of India, New Delhi

* Applicable for courses having practical component.

 28

MCC-8
Session 2023-2024
Part-A Introduction
Subject MSC- Economics (Honours)5year integrated
Semester IV
Name of the Course ADVANCED STATISTICAL METODS FOR ECONOMISTS
Course Code B23-MSE-403
Course Type: (CC/MCC/MDC/ CCM/ MCC
DSEC/VOC/DSE/PC/AEC/ VAC
Level of the course (As per Annexure-I) 200-299
Pre-requisite for the course (if any)
Course Learning Outcomes (CLO) After completing this course, the learner will be able to:
1. Knowledge about the Probability along with understanding the Binomial,
Poisson and Normal distributions so that they are able to apply the
understanding of these concepts to comprehend real world problems along
with the ability to think critically and analyze statistical problems.
2. Understanding the core principles of sampling and sampling distributions so
that they are able to apply the understanding and comprehend real world
problems along with the ability to testing of hypotheses and analyze economic
problems relating to large samples and small samples and non-parametric tests.
3. Analyze choice making among situations involving risk and uncertainty.
Helping the students understand the basic criteria of decision problems.
4. Exhibit the ability to learn and apply statistical techniques for quality
control. Simultaneously make the students understanding the buyer's risk and
producer's risk.
5* Develop a practical knowledge of different sampling methods and their
techniques and different test of analysis.
Credits Theory Practical Total
3 1 4
Contact Hours 3 2 5
Max. Marks:100 Time: 3 Hrs
Internal Assessment Marks:20+10*
End Term Exam Marks: 50+20*
Part-B Contents of the Course
Instructions for Paper Setters
1. Nine Questions will be set in all and students will be required to attempt 5 questions.
2. Question No. 1 will be compulsory and will consist of 5 short answer type questions of 2 marks spread over the entire
syllabus (2*5=10 marks).
3. For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (10 marks each).
Unit Topics Contact Hours
I Probability and Probability Distributions 15
-Probability: definition, basic concepts, Addition & multiplication theorem,
Bernoulli's rule, Conditional probability and Bay's rule
- functions and limitations
-Binomial, Poisson and Normal distributions, Fitting of the distributions to the
observed data
II Sampling theory and Testing of hypotheses 15
- Sampling methods, sampling errors, Central Limit theorem (without proof).
- Testing of hypotheses- large and small sample tests- z test, t-test and F test, p-
values. Non-parametric tests- Chi-square and others-Wilcoxon, Mann-Whiney only
- Interval estimation and properties of good estimators, Confidence intervals,
Determination of sample size
III Statistical Decision theory 15
-meaning, different criteria of decision making uncertainty and risk. Expected
money value and Expected Opportunity Loss(with and without payoff matrix
given),Expected Value of Perfect Information
 29

IV Statistical Quality Control 15

- Meaning, basic concepts, Making control charts for variables and Attributes,
Acceptance Sampling and Sampling plans, Operating Characteristic Curve

V* Practicum syllabus: 15
1. Fitting of Binomial, Poisson and Normal distributions.
2. Sampling distributions- finding mean
3. Sampling distributions- finding variance of sampling distribution
4. Non-parametric tests-applications and limitations.
5. Interval estimation- confidence Intervals
6. p-values
7. Decision criteria under risk and uncertainty.
8. Acceptance sampling
9. Sampling plans.
10.OC curve
Suggested Evaluation Methods
Internal Assessment: End Term Examination:
 Theory Theory -50
Class Participation: 5 viva voce*-20
Seminar/Presentation/Assignment/Quiz/Class Test etc. 5
Mid Term Exam: 10
 Practicum (15 Hours)
Class Participation
Seminar/Demonstration/Viva Voce/Lab Records etc. 10
Mid Term Exam:

* Applicable for courses having practical component.

Part-C Learning Resources
Recommended Books/E-Resources/LMS:
 Stephen Bernstein & Ruth Bernstein: Schaum's Outline-Theory and Problems of
Elements of Statistics(McGraw Hill Professional)
 BL Aggarwal: Basic Statistics(New Age International Publications)
 Gupta,SC and Kapoor,VK: Fundamental of Mathematical Statistics(Sultan Chand and
sons,Delhi)
 Joseph H Healey-Statistics(Thomson Wadsworth)
 Gupta,SC and Kapoor,VK- Fundamentals of Applied Statistics(Sultan Chand&sons,Delhi)
 *Gupta,SP -Statistical Methods(Sultan Chand, Delhi)

DSE-1
Session 2023-2024
Part-A Introduction
Subject MSC- Economics (Honours)5year integrated
Semester IV
Name of the Course FINACIAL MARKETS & SYSTEM
Course Code B23-MSE-404
Course Type: (CC/MCC/MDC/ CCM/ DSE-1
DSEC/VOC/DSE/PC/AEC/ VAC
Level of the course (As per Annexure-I) 200-299
Pre-requisite for the course (if any) N.A.
 30

Course Learning Outcomes (CLO) After completing this course, the learner will be able to:
1. Have understanding of money and capital market instruments.
2. Have understanding about development banking, refinancing and
EXIM bank operations for trade financing.
3. Have knowledge about exchange rate mechanism, and foreign
exchange market operations.
4. Have understanding t h e mechanism of stock markets and leading
stock exchanges.
5*Have the practical understanding of the different money, capital and foreign
market operations.
Credits Theory Practical Total
3 1 4
Contact Hours 3 2 5
Max. Marks:100 Time:3 Hrs
Internal Assessment Marks:20+10*
End Term Exam Marks:50+20*
Part-B Contents of the Course
Instructions for Paper Setters
4. Nine Questions will be set in all and students will be required to attempt 5 questions.
5. Question No. 1 will be compulsory and will consist of 5 short answer type questions of 2 marks spread over the entire
syllabus (2*5=10 marks).
6. For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (10 marks each).
Unit+-+ Topics Contact Hours
I Money and Capital markets: Call Money Operations: Inter-Bank 15
Call Money Market; Bill market operations: Treasury Bill,
Commercial Bill; Bonds and mutual funds.
II Financial System: Role, Nature and Functions, Non-Banking 15
Financial intermediaries,
Merchant Banking, Investment Banking, Refinancing institutions;
Export-Import Bank(EXIM): Role and Functions.
III Foreign Exchange Rate System: Fixed and Flexible Exchange Rate ; 15
Meaning, merits and demerits; determination, Multiple Exchange
Rates; Speculation, Hedging, Swapping and arbitrage operations in
foreign currency.
IV Equity/Stock markets: 15
Mechanism, Instruments and Operations; National Stock Exchange;
Bombay Stock Exchange. SEBI – Powers and functions.
V* Practicum syllabus: 15
1. Call money market operation with example
2. Bill market operation with example
3. Treasury bill market operation with example
4. Bond market operation with example
5. Mutual fund operation with example
6. Speculation operation with example
7. Hedging operation with example
8. Swapping operation with example
9. Arbitrage operation with example
Suggested Evaluation Methods
Internal Assessment: End Term Examination:
 Theory Theory 50
Class Participation 5 Viva Voce *20
Seminar/Presentation/Assignment/Quiz/Class Test etc. 5
 31

Mid Term Exam: 10

 Practicum (15 Hours)
Class Participation
Seminar/Demonstration/Viva Voce/Lab Records etc. 10
Mid Term Exam:

Part-C Learning Resources

Recommended Books/E-Resources/LMS:
 A.D. Bain (1992) Economics of the Financial System
 Committee Report II) Summary in RBI Bulletin, July, 1998.
 DM Mithani:Money, Banking and Public Finance
 Goodhart, C.A.E (1978), Money. Information and Uncertainty, The Macmillan Press
Ltd., London.
 Johnson, H.G (1972), Further Essays in Monetary Economics, George Allen and
Unwin, London.
 Johnson, H.G and Nobay A.R. (1974), Issues in Monetary Economics, Oxford
University Press, Delhi.
 Khan, MY: Indian Financial System; Tata-McGrawhill
 Krishna, K.L (1999), Econometric Applications in India, Oxford University Press,
New Delhi.
 Laidler, D.E.W. (1977), Demand for Money: Theory and Evidence, Dum-Don
Valley, New York.
 Narendra Jadhav (1993), Monetary Economics for India, Macmillan India Ltd., Madras.
 Pierce, David G and Shaw, David M (1974), Monetary Economics: Theories,
Evidence and Policy, Butterworths, London.
 R.B.I - Report of the Working Group : Money Supply Analytics and
Methodology ofCompilation, 1998.
 R.B.I. - Report of the Committee on Banking Sector Reforms (Narasimham
 Roy Bailey (2005) The Economics of Financial Markets
 Suraj.B.Gupta: Monetary Economics - Institutions, Theory & Policy; S Chand publications
 Suraj.B.Gupta:Monetary Planning for India
 Venugopal Reddy, Y (2000), Monetary and Financial Sector Reforms in India, UBS
Publishers’ Distributors Ltd., Chennai.
 Wrightsman, Dwayne (1971), An Introduction to Monetary Theory and Policy, The
Free Press, New York. Gibson, Williamson E and Kaufman, George G (1971),
Monetary Economics: Readings on Current Issues, TATA McGraw-Hill Publishing
Company Ltd., New Delhi.
Y.V. Reddy (2000), Monetary and Financial Sector Reforms in India UBSPD, New
Delhi.

* Applicable for courses having practical component.

 32

DSE-1
Session 2023-2024
Part-A Introduction
Subject MSC- Economics (Honours)5year integrated
Semester IV
Name of the Course MONEY, BANKING & FINANCE
Course Code B23-MSE-405
Course Type: (CC/MCC/MDC/ CCM/ DSE-1
DSEC/VOC/DSE/PC/AEC/ VAC
Level of the course (As per Annexure-I) 200-299
Pre-requisite for the course (if any) N.A.
Course Learning Outcomes (CLO) After completing this course, the learner will be able to:
1.Have insight about the Money, Money supply, Money & Capital
Markets- Organisation, Structure and Working.

2. Have further understanding of Banking, Commercial banks-

functions & Credit Creation, RBI and Credit Control measures.

3. Have knowledge about nature of financial sector-money and capital

market of India, Non-bank financial intermediaries
.
4. Have understanding about the banking and financial reforms 1990’s
5*Have the understanding of the monetary measures, instruments of financial
markets, and case study of two banks.
Credits Theory Practical Total
3 1 4
Contact Hours 3 2 5
Max. Marks:100 Time:3 Hrs
Internal Assessment Marks:20+10*
End Term Exam Marks:50+20*
Part-B Contents of the Course
Instructions for Paper Setters
10. Nine Questions will be set in all and students will be required to attempt 5 questions.
11. Question No. 1 will be compulsory and will consist of 5 short answer type questions of 2 marks spread over the entire
syllabus (2*5=10 marks).
12. For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (10 marks each).
Unit Topics Contact Hours
I Money: Barter system – Characteristics and difficulties; Money-Definition, 15
functions, classification, and significance; Money supply determinants,
High-powered money and money multiplier; RBI measures of monetary
aggregates.
II Banking: Commercial Banks- Functions and Importance, Process of Credit 15
Creation; The Reserve Banking of India: Functions and Instruments of credit
control, Recent Monetary Policy of RBI.
III Financial sector: Money and Capital Markets in India: Structure, 15
Functions and Significance; SEBI: Powers and Functions; Non-Bank
Financial Intermediaries- Role and Significance, Merchant Banking,
Investment Banking,
IV Banking and financial Reforms:Need of Reform in Banking and Financial 15
System, The Narasimham Committee Report: Report of Committee to
Review the Financial System 1991, Narsimham Committee Report on
Banking Sector Reforms 1998.
V* Practicum syllabus: 15
 33

1. Money supply determinants

2. High powered money
3. Measures of monetary aggregates
4. Process of credit creation
5. Examples of Lender’s instruments
6. Examples of Borrower’s instruments
7. Case study of ICICI bank
8. Case study of HDFC bank
Suggested Evaluation Methods
Internal Assessment: End Term Examination:
 Theory Theory 50
Class Participation 5 Viva Voce *20
Seminar/Presentation/Assignment/Quiz/Class Test etc. 5
Mid Term Exam: 10
 Practicum (15 Hours)
Class Participation
Seminar/Demonstration/Viva Voce/Lab Records etc. 10
Mid Term Exam:

Part-C Learning Resources

Recommended Books/E-Resources/LMS:
• M.K. Lewis (2000), Monetary Economics, Oxford University Press.
• Bailey Roy (2005) The Economics of Financial Markets
• R.R. Paul “Money, Banking and International Trade” Kalyani Publishers.
 R.B.I. Bulletin, Annual Report; Report on Currency and Finance.

* Applicable for courses having practical component.

Note: All Syllabi with Paper Code B23-ECO-NUM have been taken from UG Programme in Subject of Economics with
Schemes A and B. All Syllabi with Paper Code B23-MSE-NUM are only for M.Sc. Economics (Hons.) 5-Year Integrated
Programme : Scheme- C