Tuesday, 20 September 2011

IASE Syllabus BA Economics, BACHELOR OF ARTS (ECONOMICS) Distance Education

IASE University Rajasthan is offering BA (Economics) through correspondence Distance Education Mode. The students can now enroll in the BA Eco course in the IASE
IASE University Complete Syllabus 

IASE Syllabus BA Economics, BACHELOR OF ARTS (ECONOMICS) Distance Education
(10+2+3 Pattern)

Two Papers Max. Marks – 200 Min. Pass Marks - 72
Paper – I Duration 3 Hours 100 Marks
Paper – II Duration 3 Hours 100 Marks
BAG 107
Max. Marks: 100 Duration : 3 hrs. Min. Marks. : 36
Definition, Nature and scope of economics; Methodology in economics; choice as an economic problem; basic postulates; Role of price mechanism; Demand and supply; Basic framework-applications; Equilibrium of Market.
Theory of Consumer’s Behaviour
Utility analysis - Cardinal and ordinal approaches; Indifference curve analysis; Consumer’s equilibrium (Hicks and Slutsky); Price substitution and Income effects; Normal, inferior and giffen goods; Price consumption curve and derivation of demand curve; Compensated demand; Elasticity of demand-Price, income and cross; consumer’s suplus; Engle curve.
Theory of Production and Costs
Objectives of a firm; Production function; Iso-quant, factor substitution; law of variable proportions; returns to scale; economics of scale; different concepts of cost and their interrelation; Equilibrium of the firm; Expansion path.
Market Structure
Market forms – Perfect and imperfect market; Equilibrium of a firm- Perfect competition, monopoly and price discrimination, Measure of monopoly power, Monopolistic competition, Duopoly, Oligopoly (Kinked demand curve); Taxation and equilibrium of a firm, Notion of controlled and administered prices.

Factor Pricing
Marginal productivity theory of distribution; Factor pricing under perfect and imperfect competition in labour market; Ricardian Theory of rent; Modern theory of rent and quasi-rent; Classical theory of interest; Liquidity preference theory of interest; Risk and uncertainty theory of profit.

Recommended Books :
1. Heathfield and Wibe (1987), An introduction to cost and Production functions, Macmillan, London.
2. Koutsoyiannis, A. (1990), Modern Microeconomics, Macmillan.
3. Lipsey, R.G. and K.a. Chrystal (1999), Principles of Economics (9th Edition), Oxford University Press, Oxford.
4. Mansfield, E. (1997), Microeconomics (9th Edition), W.W. Norton and Company, New York.
5. Bach, G.L. (1977), Economics, Prentice Hall of India, New Delhi.
6. Gauld, J.P. and Edward P.L. (1966), Microeconomic Theory, Richard Irwin, Homewood
7. Varian H.R. (2000), Intermediate Microeconomics: a Modern Approach (5th Edition), East-West Press, New Delhi.
8. Henderson J. and R.E. quandt (1980), Microeconomic Theory : A mathematics Approach, Mc Graw Hill, New Delhi.
9. Ray, N.C. (1975), An introduction to Microeconomics, Macmillan company of India Ltd., Delhi
10.     Ryan, W.J.L. (1962)- Price theory, Macmillan and Co. Limited, London.
11.     Samuelson, P.A. and W.D. Hague (1972), A Textbook of Economic theory, ELBS & Longman Group, London.

BAG 108
Max. Marks: 100 Duration : 3 hrs. Min. Marks. : 36

UNIT – I (Introduction)
Economic thinkers of Ancient India; Major source and books of Ancient economic ideas; Definition and scope of economics according to Kautilya and Shukra. Basic assumptions – integral man, Integrated rationality Dharma, based economic structure and Four Purusarthas. Human wants – nature, origin and kinds. The concept of restrained consumption and co-consumption; Meaning and importance of wealth and code of conduct for earning and spending.
UNIT – II (Ancient Thoughts) 
Economic ideas of Manu, Shukra and Kautilya in the field of consumption, production, exchange, distribution and public finance.
UNIT – III (Pre-independence Reformist Ideas)
Economic thought of Swami Dayanand Saraswati, Economic Ideas of Swami Vivekanand.
UNIT – IV (Pre-independence Nationalist Ideas)
 Dada Bhai Nrauji, Mahadev Govind Ranade, Gopal Krishna Gokhle, R.C. Dutt, M.N. Roy and M.K. Gandhi.
UNIT – V (Contemporary Thinkers)
Major Economic thoughts of Dr. B.R. Ambedkar, J.L. Nehru, Ram Manohar Lohiya, Vinoba Bhave, Deen Dayal Upadhayay and Amratya sen.
1. Kautilya (1951), Arthshastra translated by R.Sharma Shastry.
2. Kulkarni S.A., (1987) : Ekatma Arthniti Suruchi Prakashan, New Delhi.
3. M.G. Bokare : Hindu Economics, Janki Prakashan New Delhi.
4. Ramesh Dutt : Economic History of India, Vol.I & II
5. Sen, A.K. (1981), Poverty and Famines : an essay on entitilement and deprivation, oxford university press.
6. Sen, A.K. (1971), Collective Choice and Social welfare, North Holland amsterdam.
7. D.R. Gadgil : The Industrial Evolution of India in Recent Times 1860-1030 (1971)
8. Gupta, B.L. (1942) : Value and Distribution System in Ancient India, Gian Publishing House, New Delhi.
9. Ganguli B.N. (1977) : Indian Economic Thought a 19th Century Perspective, Tata McGraw Hill New Delhi.
10. M.C. Vaish : Aarthik Vicharo ka Itihas
11. Gandhi M.K. (1974), India of my dreams, Navjivan Publishing Ahmedabad
12. Sen, A.K. (1987), On Ethics and Economics, Oxford, New York.
Scheme :
Two Papers Max. Marks – 200 Min. Pass Marks - 72
Paper – I Duration 3 Hours 100 Marks
Paper – II Duration 3 Hours 100 Marks
Each paper will contain ten question having two questions from each unit. The candidates are required to attempt five questions in all selecting atleast one question from each unit.
BAG 207

Max. Marks: 100 Duration : 3 hrs. Min. Marks. : 36
Each paper will contain ten question having two questions from each unit. The candidates are required to attempt five questions in all selecting at least one question from each unit.
National Income and Social Account
Meaning, definition and importance of Macro Economics; Fallacy of composition; Concept, components and methods of accounting; Measurements of national income; National income identities with government and international trade; Incorporation of environmental concerns in national account-green accounting.
Theories of Employment and Output
Classical model of employment and income; Say’s law; Keynes objection to the classical theory; Keynesian theory of output and employment – Aggregate demand and aggregate supply functions, the principle of effective demand, Consumption function – Average and marginal propensity to consume; Applicability of the Keynesian theory to the developing world; Factors influencing consumption spending.
Investment and interest
The investment multiplier and its effectiveness in LDC’s. Theory of investment Autonomous and induced investment; Marginal efficiency of capital; saving and investment ex post and exante. Equality and equilibrium. Classical, Neo-classical and Keynesian theories of interest.
Trade Cycles
Meaning and definition; Phases of trade Cycle; Hawtrey’s onetany theory Hayek’s over investment theory; Keynes view of trade cycle; The concept of accelerator; Samuelson and Hicks multiplier-accelerator interaction model, Control of trade cycles.

Economic Growth
Fundamental concept of economic growth; Growth models-Harrod and Domar; Instability of equilibrium, Neo-classical growth models – Solow; Economic growth and technical progress.

Basic Reading List-
1.   Aekley, G. (1976) Macroeconomics : Theory and Policy, Macmillan Publishing Company, New York.
2.   Day A.C.L. (1960) Outline of Monetary Economics, Oxford University Press, Oxford.
3.   Gupta, S.B. (1994), Monetary Economic, S.Chand and Co., Delhi.
4.   Hejidra, B.J. and F.V. Ploeg (2001), Foundations of Modern Macroeconomics, Oxford University Press, Oxford.
5.   Lewis, M.K. and P.D. Mizan (2000), Monetary Economics, Oxford University Press, Oxford.
6.   Shapiro, E. (1996), Macroeconomics Analysis Galgotia Publications, New Delhi.
7.   Vaish, M.C. Macro Economics.

BAG 208
Max. Marks: 100 Duration : 3 hrs. Min. Marks. : 36
Each paper will contain ten question having two questions from each unit. The candidates are required to attempt five questions in all selecting atleast one question from each unit.
Indian Economy in Pre-British and pre-Independence Era
Indian economy in the Pre-British period; Structure and organisation of villages, towns, industries and handicrafts.
Pre-Independence Era:
Land System and its changes, Commercialization of agriculture, Drain theory, Laissez faire theory and critique. Manufacture and Transport: Jute, Cotton, Railways, Money and Credit.
Structure of Indian Economy
Basic features; Natural resources-Land, water and forest resources; Broad demographic features- Population size and growth rates, sex composition, rural urban migration, occupational distribution, Problem of over population; population policy, Infrastructure development; national Income.
Indian Agriculture and Industry
Importance of agriculture in Indian economy; Source of growth in agriculture; Institutional reforms in Indian agriculture with special reference to land reforms and credit supply; Agricultural cost and product pricing; Agriculture marketing Agriculture and WTO.
Structure and Growth of Indian Industry; Industrial policies of 1956 and 1991; Industrial licensing policy MRTP Act, FEAR and FEMA; Growth and Problems of small scale industries; Role of public sector enterprises in India’s industrialization-recent policy towards public sector; Disinvestment policy in India.
Planning in India
From central planning to indicative planning; relation between planning and markets for growth and decentralized planning; current Five Year plan objective, allocation and targets; New economic reforms Liberalization, privalization and globalization, Rationale behind economic reforms; Progress of privatization and globalization.  
External Sector
Foreign trade with special reference to India; Trends in exports and imports; Balance of payment crisis and the New economic reforms – Export promotion measures and the new trade policies. Foreign capital – FDI, aid, Multinational corporations (MNCs) and their impact on Indian Economy. The relevance of SWADESHI.
Other Issues of Concern in Indian Economy
Poverty and inequality; Unemployment, Rising price; Industrial relations.

1. Datt, R.K.P.M. Sundhram (2001), Indian Economy. S.Chand & Company Litd. New Delhi
2. Dutt, R.C. (1950), The Economic History of Indian Under Early British Rule, Low Price Publication, New Delhi
3. Kumar D. (Ed.) (1982), The Cambridge Economic History of India Volume II, 1757-1970, Orient Longman Ltd. Hyderabad.
4. Misra, S.K. and V.K. Puri (2001) Indian Economy – Its Development Experience, Himalaya Publishing House Mumbai.
5. Government of Rajasthan Statistical Abstract of Rajasthan
6. Government of Rajasthan : Report of Desert development Commission.
7. Kedia, Kusum & Sinha, Root of Under development a peep into Indian Colonial Post. Tara Printing Works, Varanasi
8. Dhingra, I.C. (2000), The Indian Economy, Environment and policy, Sultan Chand & Sons, New Delhi.
9. Directorate of Economics and Statistics, Government of Rajasthan, State Income of Rajasthan
10. Government of Rajasthan : Five year plan documents.
11. Government of Rajasthan : Budget studies.
Two papers Min. Pass Marks – 72 Max. Marks 200
Paper – I Duration 3 Hours Max.Marks : 100
Paper – II Duration 3 Hours Max.Marks : 100
General Instruction:
Each paper will contain ten questions having two questions from each unit. Candidates are required to attempt five questions in all, selecting atleast one question from each unit.
BAG 307
Max. Marks: 100 Duration : 3 hrs. Min. Marks. : 36

Basic Concepts
Concept and functions of money; Gresham’s law; Role of money in capitalist, socialist and mixed economy; Monetary standards- Metallic and paper systems of note issue.
Value of Money and Inflation
Concept and limitations of index numbers; Quantity theory of money (Transaction, cash balance and Keynesian); Inflation, deflation and reflation – definition, types, causes and effects of inflation on different sectors of the economy, Demand pull and cost push inflation, Measures to control inflation, Trade off between inflation and unemployment, Philips curve.
Commercial Banking
Functions of commercial banks; Credit creation; Concept of non banking finance companies (NBFCs); Liabilities and assets of banks; Evolution of commercial banking in India after Independence; A critical appraisal of the progress of commercial banking after nationalization; recent reform in banking sector in India. Determinants of Money Supply – High powered Money and Money multiplier.
Central Banking Functions of central bank with special reference to India; Methods of Credit control (Quantitative and Qualitative)- bank rate policy, open market operations, variable reserve ratio and selective methods; Role and functions of the Reserve Bank; Objectives and limitations of monetary policy: A perspective of India.

Public Finance and Expenditure
Meaning and scope of public finance, Distinction between private and public finance, Public goods vs private goods; The principle of maximum social advantage; market failure; Role of the Government.
Concept and principle of public expenditure; Canons and effect of public expenditure; Trends in public expenditure and causes of growth public expenditure in India.


Taxation, public Debt and Budgeting
Source of public revenue — (a) Taxes (b) Administrative revenue (c) Commercial revenue (d) Gifts and grants (e) Deficit finance; Basic concept of taxation; Canons of taxation- (Adam Smith and Modern); Classification of taxes; Division of tax burden – The benefit and ability to pay approaches; Impact and incidence and shifting of taxes; Taxable capacity; Effects of taxation; Characteristics of a good tax system; major trends in tax revenue of the central and Government of Rajasthan.
Sources of public borrowing; effects of public debt; methods of debt redemption Growth of India’s public debt; The public budget kinds of budget; economic and functional classification of the budget, Preparation and passing of budget in India. Various concepts of budget deficits. Recent budget of Centre and Government of Rajasthan.

Recommended Books :
1. Bhargava, R.N. (1971, The Theory and Working or Union Finance in India. Chaitanya Publishing Hosue, Allahabad.
2. Gupta, S.B. (1994) Monetary Economics, S.Chand & Company, New Delhi.
3. Ackley, G. (1978), Macroeconomic : Theory and Policy Macmillan publishing Co. New York
4. Jha, R. (1998), Modern Public Economic, Rouledge, London.
5. Houghton, E.W. (Ed.) (1988), Public Finance, Penguin, Baltimore.

BAG 308

Max. Marks: 100 Duration : 3 hrs. Min. Marks. :36

General Instruction:
Each paper will contain ten questions having two questions from each unit. Candidates are required to attempt five questions in all, selecting atleast one question from each unit.

UNIT – I (Matrix Algebra)
Matrices – Addition, Subtraction, Multiplication and equality of Matrices – Minors, Co-factors of a matrix – Determinants – Properties – Inverse of a matrix – Solution of simultaneous equations by matrix – Inverse method and Cramer’s rule – Depiction of inter industry relationship by matrices.

Unit — II  (Calculus)
Definition of a function – Differentiation of a Function: Maxima and Minima, Elasticities, Equilibrium of a consumer and a firm, Inter relationships among total, marginal and average cost and revenues: Constrained optimization problem: Integration of a function, Consumer and producer surplus.
UNIT – III (Statistics, Central Tendency and dispersion 
Basic concepts; Population, Sample, Parameter, Frequency, Distribution, cumulative frequency, graphic and diagrammatic representation of data, techniques of data collection, sampling vs. population, primary and secondary data; Statistical system in India.
Measures of central tendency; mean, median, mode, geometric mean and harmonic mean, measures of dispersion, range, mean deviation, standard deviation, coefficient of variation. quartile deviation, skewness and kurtosis. Concept of rate of growth.
UNIT – IV (Correlation and Regression)
Simple Correlation; Coefficient of correlation – Karl Pearson and rank correlation, Partial and multiple correlation, Analysis, Regression analysis – Estimation of regression line in a biraviate distribution – Leas squares method, interpretation of regression coefficients.

UNIT – V (Time series and Index Numbers)
Time series analysis – concept and components – Determination regular, trends and seasonal indices; Index numbers – concept, price relation quantity relative, value relative; Laspeyer’s. Paasche’s and Fisher, Family budget method; Problems in the construction and limitation of index number. Test for ideal index number. Association of attributes and chi-square test.
UNIT – VI (Probability and Distribution)
Probability : Concept, rules of probability (addition and multiplication); Random variables, Mathematical expectations, Theroretical distribution – binomial poisson and normal : their properties and uses.

                1. Chiang, A.C. (1986), Fundamental Methods of  Mathematical Economics (3rd Edition) McGraw Hill. New Delhi
            2. Croxton, F.E., D.J. Cowden and S.Klein (1973, Applied General Statistics, Prentice Hall, new Delhi.
            3. Speigal M.R. (1992), Theory and Problems of Statistics, McGraw Hill Book London.
            4. Gupta, S.C. and v.K. Kapoor (1993), Fundamental of Applied Statistics, S.Chand and Sons, New Delhi.
            5. Allen, R.G.C. (1974), Mathematical Analysis for Economists, macmillan Press. London

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