ANDHRA UNIVERSITY

B.A. SYLLABUS (UNDER CBCS PATTERN)

ECONOMICS

from

Dr.Ch.S. GOPALA KRISHNA MURTHY

READER & HEAD, DEPT. OF ECONOMICS,

B.V.K COLLEGE.

CHAIRMAN, BOARD OF STUDIES (UG) IN ECONOMICS,

ANDHRA UNIVERSITY, VISAKHAPATNAM

Semester - Paper Semester - Paper
Semester- I Paper -1 / Semester-II Paper -2
Micro Economics-I / Micro Economics-II
Semester-III Paper -3 / Semester-IV Paper -4
Macro Economics-I / Macro Economics-II
Semester-V Paper -5 / Semester-V Paper -6
Indian Economy-I / (A)Public Finance
(B)Economic History of India-1857
to 1947
(C) Environmental Economics
(D)Quantitative Techniques
Semester-VI Paper -7 / Semester-VI Paper -8
Indian Economy-II / (A)International Trade
(B) Financial Markets
(C)Economics of Education & Health
(D) Data Analysis and Statistical
Packages
(E) Research Methodology

ANDHRA UNIVERSITY

CHOICE BASED CREDIT SYSTEM 2015-16

B.A. ECONOMICS

From: Dr.Ch.S.Gopala Krishna Murthy,

Chairman,

Board of Studies (UG) in Economics,

Andhra University, Visakhapatnam.

Semester - I

Paper 1 :Micro Economics - I

Module -1

Nature, definition and scope of Economics - Wealth, Welfare, Scarcity and

modern definitions.

Module -2

Methodology in Economics - Micro & Macro; Static and Dynamic analysis;

Normative and positive science, Inductive & Deductive methods;

Partial and general Equilibrium.

Module - 3

Utility analysis - cardinal approach-Law of diminishing marginal utility-concept of consumer's surplus Law of Equi-Marginal Utility.

Module - 4

Demand analysis - Law of Demand - Elasticity of Demand - Measurement of Elasticity of Demand - Price, Income & Cross Elasticities of Demand.

Module - 5

Indifference Curve analysis - Properties of Indifference curves - Price or budget

line - Equilibrium of the Consumer with the help of Indifference curves -

Revealed preference theory.

Text Books:

1. Telugu Academy Publications

2. AUSDE - Study Material

3. D.M. Mithani & G.K. Murty - Business Economics, Himalaya Publishing, 2015.

REFERENCES:

1. R.G. Lipsey and K.A.Chrystal - "Economics", Oxford University Press, 10/e, 2004.

2. P.A.Samuelson & W.D. Nordhaus-"Economics", Tata Mc.Graw Hill, 18/e, 2005.

3. N.Gregory Mankiw-"Principles of Economics", Thompson 2015 .

4. H.L.Ahuja-"Advanced Economic Theory"' S.Chand.

5. M.L.Seth-"Micro Economics", Laxmi Narayana Agarwal, 2015.

6. Bilas, A.-"Micro Economic Theory", International Student Edition, Mc.Graw Hill, 1971

ANDHRA UNIVERSITY

CHOICE BASED CREDIT SYSTEM 2015-16

B.A. ECONOMICS

Semester - II

Paper 2 :Micro Economics - II

Module - 1

Production function-Concept of homogeneous production function-Cobb- Douglas production function Law of variable proportions-Law of Returns to Scale - Different cost concepts - Diagrammatic presentation of cost curves - Revenue concepts with diagrams.

Module - 2

Perfect Competition - Price determination and equilibrium under perfect competition - Monopoly - Price determination - Price discrimination.

Module - 3

Monopolistic competition - price determination - Oligopoly - Kinked demand

curve approach.

Module - 4

Marginal Productivity theory of distribution - Theories of wage determination Wages and collective bargaining - concept of minimum wage.

Module - 5

Ricardian theory of rent - Quasi rent concept of Alfred Marshall - Interest -

Classical, Neo-classical and Keynesian theories - Profit - dynamic,

innovations, Risk and Uncertainty theories.

Text Books:

1. Telugu Academy Publications

2. AUSDE - Study Material

3. D.M. Mithani & G.K. Murty - Business Economics, Himalaya Publishing, 2015.

REFERENCES:

1. R.G. Lipsey and K.A.Chrystal - "Economics", Oxford University Press, 10/e, 2004.

2. P.A.Samuelson & W.D. Nordhaus-"Economics", Tata Mc.Graw Hill, 18/e, 2005.

3. N.Gregory Mankiw-"Principles of Economics", Thompson 2015.

4. H.L.Ahuja-"Advanced Economic Theory"' S.Chand, 2004.

5. M.L.Seth-"Micro Economics", Laxmi Narayana Agarwal, 2015.

6. Bilas, A.-"Micro Economic Theory", International Student Edition, Mc.Graw Hill, 1971.


ANDHRA UNIVERSITY

CHOICE BASED CREDIT SYSTEM 2015-16

II B.A. ECONOMICS

Semester – III

Paper 3 :Macro Economics - I

Module - 1

Meaning, definition and importance of Macro Economics

Micro Economics versus Macro Economics.

Module - 2

National Income - Definitions, GNP,NNP, GDP and NDP, Personal Income,

Disposable Income, Per capita Income - Methods of National Income.

Module - 3

Meaning and Functions of Money - Classification of money - Gresham's Law - RBI classification of Money. Theories of Money - Fisher's Quantity theory of Money Cambridge approach (Marshall, Pigou, Robertson & Keynes).

Module - 4

Classical theory of Employment - Say's Law of Markets.

Module - 5

Keynesian Theory of Employment - Consumption function - Investment Function MEC, Concepts of multiplier and accelerator.

Text Books:

1. Telugu Academy Publications.

2. AUSDE - Study Material.

REFERENCES:

1. G.Ackley - "Macro Economics Theory and Policy", Collier Macmillan, 1978.

2. E.Shapiro - "Macro Economic Analysis", Galgotia Publications, 1999.

3. Central Statistical Organisations - "National Accounts Statistics".

4. R.Dornbush, s.Fisher and R.Startz - "Macro Economics", Tata Mc.Graw Hill, 9/e, 2004.

5. M.L.Seth-"Macro Economics", Lakshmi Narayana Agarwal, 2015.

6. K.P.M. Sundaram - "Money, banking & International Trade", Sultan Chand, 2010.

7. Dillard, D - "The Economics of John Maynard Keynes", Crossby Lockwood & Sons.

8. M.N.Mish ra & S.B.Mishra - "Insurance Principles & Practice" S.Chand 2012.

9. Bharati V.Pathak "The Indian Financial System Markets. Institutions & Services". Pearson 2008.

ANDHRA UNIVERSITY

CHOICE BASED CREDIT SYSTEM 2015-16

II B.A. ECONOMICS

Semester - IV

Paper 4 :Macro Economics - II

Module - 1

Trade Cycles - meaning and definition - Phases of a Trade Cycle -Inflation - definition - types of inflation - causes and effects of inflation measures to control inflation.

Module - 2

Importance of International Trade- Regional and International Trade- Theories of Trade-Classical-Adam Smith and David Ricrado, Neo-Classical Theory of Trade-Hecksher and Ohlin

Module - 3

Functions of Commercial Banks - Concept of Credit creation-Functions of RBI.

Module - 4

Stock Market - Functions - Primary and Secondary Markets - Insurance - Life Insurance, concept of General Insurance.

Module - 5

Concept of Economic Growth - Distinction between economic growth and development - Measurement of economic development.

Fiscal, Monetary and Exchange rate policies

Text Books:

1. Telugu Academy Publications.

2. AUSDE - Study Material.

REFERENCES:

1. G.Ackley - "Macro Economics Theory and Policy", Collier Macmillan, 1978.

2. E.Shapiro - "Macro Economic Analysis", Galgotia Publications, 1999.

3. Central Statistical Organisations - "National Accounts Statistics".

4. R.Dornbush, s.Fisher and R.Startz - "Macro Economics", Tata Mc.Graw Hill, 9/e, 2004.

5. M.L.Seth-"Macro Economics", Lakshmi Narayana Agarwal, 2015.

6. K.P.M. Sundaram - "Money, banking & International Trade", Sultan Chand, 2010.

7. Dillard, D - "The Economics of John Maynard Keynes", Crossby Lockwood & Sons.

8. M.N.Mish ra & S.B.Mishra - "Insurance Principles & Practice" S.Chand 2012.

9. Bharati V.Pathak "The Indian Financial System Markets. Institutions & Services". Pearson.

10. D.M.Mithani & G.K.Murty - " Business Economics", Himalaya Publishing House,

2015.

11. M.L.Jhingan - Economic Development - Vikas, 2012.

12. G.Omkarnath - Economics - A Primer for India - Orient Blackswan, 2012.


ANDHRA UNIVERSITY

C3HOICE BASED CREDIT SYSTEM 2015-16

III B.A. ECONOMICS

Semester - V

Paper 5 : Indian Economy - I

Module - 1

Theories of Economic Growth - Adam Smith, David Ricardo, Rostow, Karl Marx and Harrod & Domar Models.

Module - 2

Sustainable development - Balanced and unbalanced growth-choice of

techniques Labour intensive and capital intensive methods.

Module - 3

Basic features of the Indian Economy - Natural Resources - Important

Demographic features - concept of population dividend.

Module - 4

National Income in India - trends and composition-poverty, inequalities and Unemployment - Measures taken by the Government.

Module - 5

Economic reforms - liberalisation, Foreign Trade Policy of India, privatisation and globalisation - concept of inclusive growth.

Text Books:

1. Telugu Academy Publications.

2. AUSDE - Study Material.

3. Dr.Ch.S.G.K.Murthy, Indian Economy - Gitam University.

REFERENCES:

1. Dhingra, I.C - "Indian Economy", Sultan Chand, 2014.

2. Ruddar Dutt and K.P.M. Sundaram - "Indian Economy", S.Chand & Co., 2015.

3. G.M.Meier - "Leading Issues in Economic Development", Oxford University Press, New York, 3/e.

4. M.P.Todaro - "Economic Development", Longman, London 6/e, 1996.

5. Reserve Bank of India - Hand book of Statistics on Indian Economy (Latest).

6. S.K.Misra & V,K,Puri - "Indian Economy", Himalaya Publishing House, 2015.

7. R.S.Rao, V.Hanumantha Rao & N.Venu Gopal (Ed) - Fifty Years of Andhra Pradesh (1956-2006), Centre for Documentation, Research and Communications, Hyderabad, 2007.

8. G.Omkarnath - Economics - A Primer for India - Orient Blackswan, 2012.

9. Benjamin Higgins - Economic Development


ANDHRA UNIVERSITY

CHOICE BASED CREDIT SYSTEM 2015-16

III B.A. ECONOMICS

Semester - V

Paper 6(A):Public Finance

Module - 1

Meaning and scope of Public Finance - Distinction between Public and Private Finance. Principle of maximum social advantage

Module - 2

Budget - Meaning and Definition - Components of Budget - Concepts of Budget Deficits - Indian Union Budget.

Module - 3

Source of Public Revenue - Taxes - administrative revenues - commercial

revenues - Gift and grants - Concept of VAT. Canons of taxation(Adam Smith's and Modern Economists).

Module - 4

Meaning and classification of public expenditure - principles of public

expenditure Wagner's Law - Peacock - Wiseman Hypothesis.

Module - 5

Public debt - classification of public debt - methods of debt redemption

.

Text Books:

1. Telugu Academy Publications.

2. AUSDE - Study Material.

REFERENCES:

1. B.P.Tyagi - "Public Finance", Jai Prakash Nath, 2012.

2. H.D.Bhatia - "Public Finance"' Vikas Publishing House 2013.

3. Reserve Bank of India - Hand book of Statistics on Indian Economy (Latest).

4. S.K.Misra & V,K,Puri - "Indian Economy", Himalaya Publishing House, 2015.

5. Budget at a Glance

6. Economic and Functional Classification of the Budget

ANDHRA UNIVERSITY

CHOICE BASED CREDIT SYSTEM 2015-16

B.A. ECONOMICS

SEMESTER - V

PAPER 6(B) :ECONOMIC HISTORY OF INDIA - 1857 TO 1947

Module -1: INTRODUCTION

Colonial India: Background and Introduction, Overview of colonial economy

Module -2: MACRO TRENDS

National Income; Population; Occupational Structure

Module -3: AGRICULTURE

Agrarian structure and land relations; Agricultural markets and institutions-credit; Commerce and Technology; trends in Performance and Productivity; famines Terms of trade between agriculture and industry.

Module -4: RAILWAYS AND INDUSTRY

Railways ; the de-industrialization debate; evolution of entrepreneurial and industrial structure; nature of industrialization in the interwar period; Constraints to industrial breakthrough; labor relations.

Module -5: ECONOMY AND STATE IN THE IMPERIAL CONTEXT

The imperial priorities and the Indian economy; drain of wealth; International trade, capital flows and the colonial economy-changes and continuities; government and fiscal policy;

REFERENCES:

1. Dadha Bhai Nauroji - Poverty and British Rule.

2. Lakshmi Subramaniam, "History of India 1707-1857 ", Orient

Blackwan, 2010, Chapter 4

3. Sumit Guha, 1991, Mortality decline in early 20th century India, Indian

Economic and Social History Review (IESHR), pp 371-74 and 385-87

4.Tirthankar Roy, The Economic History of India 1857-1947, Oxford

University Press, 3rd Edition, 2011

5. J.Krishnamurthy, Occupational Structure, Dharma Kumar(editor), The

Cambridge Economic History of India, Vol. II, (henceforth referred to

as CEHI), 2005, Chapter6.

6. Irfan Habib, Indian Economy 1858-1914, A People's History of India,

Vol.28, Tulika,2006

ANDHRA UNIVERSITY

CHOICE BASED CREDIT SYSTEM 2015-16

B.A. ECONOMICS

SEMESTER - V

PAPER 6(C) :ENVIRONMENTAL ECONOMICS

Module I: INTRODUCTION

Key environmental issues and problems, economic way of thinking about these problems, basic concepts from economics; Pareto optimality and market failure in the presence of externalities; property rights and other approaches.

Module: THE DESIGN AND IMPLEMENTATION OF ENVIRONMENTAL POLICY

Overview, Pigouvian taxes and effluent fees, treadable permits, implementation of environmental policies in India and international experience; transboundary environmental problems; economics of climate change.

Module III: ENVIRONMENTAL VALUATION METHODS AND APPLICATIONS

Valuation of non-market goods and services- theory and practice; measurements methods; cost- benefit analysis of environmental policies and regulations

Module IV: SUSTAINABLE DEVELOPMENT

Concepts; measurements; perspectives from Indian experience.

Module V: ENVIRONMENTAL POLICIES IN INDIA

Text Books:

1. Environmental Economics By Karpagam.

2. Environmental Economics By UGC Publications.

References:

1. Roger Perman, Yue Ma, Michael Common, David Maddison and James McGillivray," Natural Resource and Environmental Economics", Pearson Education/Addison

2. Charles kolstad, " Intermediate Environmental Economics", Oxford University Press, 2nd edition, 2010.

3. Robert N. Stavins(ed),"Economics of the Environment: Selected Readings", W.W. Norton, 6th edition,2012.

4. Robert Solow, " An Almost Practical Step towards Sustainability," Resources for the future 40th anniversary lecture,1992.

5. Kenneth Arrow et al., " Are We Consuming Too Much?" Journal of Economic Perspectives, 18(3): 147-172, 2004.

6. IPCC: Intergovernmental Panel on Climate Change, Fifth Assessment report 2014.

ANDHRA UNIVERSITY

CHOICE BASED CREDIT SYSTEM 2015-16

B.A. ECONOMICS

SEMESTER - V

PAPER 6(D) :QUANTITATIVE TECHNIQUES

(Mathematical derivations and proofs are not required. Only applications)

Module 1:

Limits and continuity - Derivatives - First and Second Derivatives and their application in Economics - Conditions for Maxima and Minima and Problems in Economics.

Module 2:

Partial Differentiation - First, Second and United. Partial Derivatives - Elasticity of substitution for CD Function - Problems involving Maxima and Minima.

Module 3:

Simple Integration and Problems of consumer and Producer's surplus.

Module 4:

Correlation and Regression

Module 5:

Probability - Definition - Addition and Multiplication Theorems - Conditional Probability - Bay's theorem

REFERENCES:

1. K. Sydsater & P.J Hammond- "Mathematics for Economic Analysis", Pearson Education, Delhi, 2012.

2. A.C Chiang- "Fundamental Methods of Mathematical Economics", Mc Graw Hill, 2005.

3. Yamane Taro-"Mathematics for Economics", Prentice Hall of India, New Delhi, 2004.

4. A. Mizrahi and M. Sallivan- "Mathematics for Business and Social Sciences- Applied Approach". John Wiley, 1985.

5. S.P. Gupta & V.K Kapoor- "Fundamentals of Mathematical Statistics", S.Chand & Co., 2014.

6. Stephen Bernstein & Ruth Bernstein- "Theory & Problems of Elements of Statistics", Schaum's Outline Series, Tata Mc Graw Hill, 2005.

7. E.Dowling-"Mathematical Economics", Schaum's Outline Series, 2010.

ANDHRA UNIVERSITY

CHOICE BASED CREDIT SYSTEM 2015-16

III B.A. ECONOMICS

Semester - VI

Paper 7 Indian Economy - II

Module - 1

Indian Agriculture - Importance of Agriculture in India - Agrarian structure and relations- land reforms. Rural credit - Micro Finance - Self Help Groups (SHGs) - Agricultural Price policy concept of Crop Insurance - Meaning of Food Security.