MGSU, Bikaner

18 Pages·2015·0.2 MB·English

M.G.S. University, Bikaner
B.A. Part I Examination-2016
ECONOMICS

Scheme:
Two Papers Min Pass Marks: 72 Max Marks: 200
Paper I 3 hrs duration 100 Marks
Paper II 3 hrs duration 100 Marks

PAPER I - MICRO ECONOMICS
3 hrs duration Max Marks: 100
Note: The questions paper shall contain 10 questions in all, i.e. Two questions from each unit.
Each question is divided into two parts - Part-A and Part- B having 16 and 4 marks respectively.
Candidate has to answer Part -A in about 5 pages and Part -B in about one page.

UNIT I Introduction
Nature and scope of economics, methodology in economics Micro-Macro, Static and dynamic
analysis, choice as an economic problem, basic postulates, Laws of demand and supply.

Unit-II Consumer's Behaviour
Utility, Cardinal and ordinal approaches; Indifference curve; consumer’s equilibrium (Hicks); Giffin
goods, Elasticity of demand-price, income and cross elastities. Consumer's surplus. Engel curve.

Unit-III Theory of Production and Costs
Production function, iso-quant, law of variable proportions, returns to scale; economies of scale;
Different concepts of cost and revenue and their interrelation.

Unit- IV Market Structure
Market forms - Perfect and imperfect markets; Equilibrium of a firm and industry under Perfect
competition, monopoly and price discrimination. Control of Monopoly Power. monopolistic
competition.
Unit - V Factor Pricing

Marginal productivity theory of distribution; Theories of wage determination; Rent-Scarcity rent,
Differential rent: Quasi rent; Classical and Keynesian theories of interest, Profit - Innovation, risk
and uncertainty theories.

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BASIC READING LIST
* Bach, G.L. (1977), Economics, Prentice Hall of India, New Delhi
* Gauld, J.O. and Edward, P.L. (1996), Microeconomic Theory, Richard Irwin, Homewood.
* Handerson, J. and R.E. Quandt (1980). Microeconomic Theory: A Mathematical
Approach, McGraw Hill, New Delhi
* Heathfield and Wibe (1987). An Introduction to Cost and Production Functions,
Macmillan, London.
* Koutsoyiannis, A. (1990). Modern Microeconomics, Macmillan.
* Lipsey, R.G. and K.A. Chrystal (1999), Principles of Economics (9th Edition), Oxford
University Press, Oxford.
* Mansfield, E. (1997). Microeconomics (9th Edition), W.W. Norton and Company, New
York.
* Ray, N.C. (1975). An introduction to Microeconomics, Macmillan Company of India Ltd.,
Delhi.
* Ryan, W.J.L. (1962). Price Theory, Macmillian and Co. Ltd., London.
* Samulson, P.A. and W.D. Nordhaus (1996). Economics, Tata McGraw Hill, New Delhi.
* Stonier, A.W. and D.C. Hague (1972). A Text Book of Economic
* Varian, H.R. (2000) Intermediate Micro economics : A Modern Approach(5th edition)
East-West-press, New Delhi.

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PAPER II : ECONOMY OF RAJASTHAN

Note: The questions paper shall contain 10 questions in all, i.e. Two questions from each unit.
Each questions is divided into two parts - Part-A & Part-B having 16 & 4 marks, respectively.
Candidate has to answer Part-A in about 5 pages and Part-B in about one hundred words..
UNIT I
Position of Rajasthan in Indian economy: Population, Area, Agriculture, Industry and
Infrastructure, Population size and growth. District-wise distribution of rural and urban population,
occupational structure and human resources development (Literacy, health and nutrition
indicators), Problem of poverty and unemployment.
UNIT II
Natural resource endowments; land, water, livestock, forests and minerals; state domestic
products and its trends. Environmental pollution and the problems of sustainable development.

Unit-III
Agriculture land utilization, Major crops and cropping pattern. Land Reforms, Rajasthan Tenency
Act, ceiling on land and distribution of land, Animal husbandry; Importance of livestock, dairy
development programme, Problems of sheep and goat husbandry. Irrigation and power
infrastructure in the state.
Unit - IV
Industrial development in the state during Five Year Plans. Regional variation in industrial
development, small scale industries and handicrafts. Industrial policy, role of RFC, RSMDC and
RIICO in the industrial development of Rajasthan.

Unit-V
Tourism development in Rajasthan. Special Area Programmes DPAP, Desert Development,
Tribal Area Development and Aravallies development, IRDP Planning in the state; Objectives and
achievements. Constraints in the economic development of Rajasthan.

©MGSU, Bikaner
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©MGSU, Bikaner
B.A. Part II
Examination- 2016
ECONOMICS

Scheme:
Two Papers Min Pass Marks: 72 Max Marks: 200
Paper I 3 hrs duration 100 Marks
Paper II 3 hrs duration 100 Marks

PAPER I - MACRO ECONOMICS
Unit I - National Income and Social Account
Nature and importance of Macro Economics, Circular flow of income, concept and measurement
of national income; National income identities with government and international trade;

Unit-II Output , Employment and consumption function
Say's law of market and the classical theory of employment, Keynes objection to the classical
theory; Keynesian theory of output and employment-Aggregate demand and aggregate supply
functions, the principles of effective demand. Consumption function, average and marginal
propensity to consume; Factors influencing consumption spending.

Unit - III Investment and rate of interest
The investment multiplier and its effectiveness in LDC's Theory of investment. Autonomous and
induced investment; Marginal efficiency of capital; Savings and investment- ex post and exante,
equality and equilibrium; Classical, Neo-classical and Keynesian theories of interest.

Unit - IV Trade Cycles
Nature and characteristics of trade cycle; Hawtrey's monetary 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 cycle.

Unit - V Economic Growth
Sources of growth, Growth models- Harrod and Domar.Neo classical growth models-
Solow.Economic growth and technical progress; Theory of balanced growth- Rosenstein.
BASIC READING LIST
 Ackley, G. (1976). Macroeconomics: Theory and Policy, Macmillan Publishing
Company, New York.
 Day, A.C.L. (1960). Outline of Monetary Economics, Oxford University Press, Oxford.
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 Gupta, S.B. (1994). Monetary Economics, S. Chand and Co., Delhi.
 Hejidra, B.J. and F.V. Ploeg (2001), Foundations of Modern Macroeconomics. Oxford
University Press, Oxford.
 Lewis, M.K. and P.D. Mizan (2000). Monetary Economics, Oxford University Press,
New Delhi.
 Shapiro, E. (1996). Macroeconomics Analysis, Galgotia Publicatons, New Delhi.
 Vaish, M.C. Macro Economics.
 Dornbush and Fisher- Macroeconomics.

ADDTIONAL READING LIST
 Dilliard. D. (1960). The Economics of John Maynary Keynes, Cross by Lockwood and
Sons, London.
 Hanson, A.H. (1953). A Guide to Keynes, McGraw Hill, New York.
 Higgings, B. (1963). Economic Development: Principles, Problems and Policies,
Central Book Depot, Allahabad. Keynes, J.M. (1936). The General Theory of
Employment, Interest and Money, Macmillian, London.
 Kindleberger, C.P. (1958). Economic Development MC Graw Hill Book Company,
New York.
 Lacas, R. (1981). Studies in Business Cycle Theory, MIT Press, Cambridge,
Massachusetts.
 Mier, G.M. and R.E. Baldwin (1975). Economic Development: Theory and History
and Policy, Wiley & Sons Inc., New York.
 Powelson, J.P.C. (1960). National income and Flow of funds analysis, McGraw Hill,
New Delhi.

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©MGSU, Bikaner
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Paper II (A) Indian Economy

3 hrs duration Max. Marks : 100
Note : The questions paper shall contain 10 questions in all, i.e. Two questions from each unit.
Each questions is divided into two parts - Part-A and Part-B having 16 and 4 marks, respectively.
Candidate has to answer Part-A in about 5 pages, Part-B in about hundred words, about one
page.

Unit - I
Pre-British Period
Indian economy in the Pre-British period- Structure and organization of villages, towns, industries
and handicrafts.
Economic Consequences of the British Rule
General overall impact; colonial exploitation form and consequences; case of protection of Indian
industries. The theory of drain-its pros and cons. Basic features; Natural resources, Land, water
and forest resources;

Unit - II
Structure of Indian Economy
Broad demographic features, Population size and growth rates, sex composition, rural urban
migration, occupational distribution, problem of over-population, population policy, infrastructure
development.
Agriculture
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Nature and importance, Trends, agricultural production and productivity, factors determining
productivity; Land reforms; New agricultural strategy and green revolution, Rural credit,
agricultural marketing, agriculture and WTO.
Unit-III
Industry
Industrial development during the planning period, industrial policy of 1991; industrial licensing
policy MRTP ACT, FERA and FEMA; Growth and problems of small scale industries, Role of
public sector enterprises in India's industrialization- recent policy towards public sector.

Unit- IV
Planning in India
Objectives; strategy; broad achievements and failures; Current Five Year Plan objectives,
allocation and targets; New economic reforms liberalization, privatization and globalization;
Rationale behind economic reforms; Progress of privatization and globalization.

Unit - V
External Sector
Role of foreign trade; Trends in exports and imports; Composition and direction of India's foreign
trade; Balance of payment crisis and the New economic· reforms - Exports promotion measures
and the new trade policies, Foreign capital - FDI, aid, Multinational corporations (MNCs) and their
impact on Indian Economy. The relevance of SWADESHI.
Poverty and inequality; Unemployment, rising price; Industrial relations.

BASIC READING LIST

* Datt, R.K., PM. 'Sundhram, Indian Economy, S. Chand & Co.Ltd., New Delhi
* Kedia, Kusum and Sinha, Root of Under Developmen A Peep into Indian Colonial Post.
Tara Printing Works, Varanasi.
* Dhingra, I.C. (2000), The Indian Economy: Environment and Policy' Sultan Chand &
Sons, New Delhi . . .
* Dutt, R.C. (1950), The Economic History of India Under Early British Rule, Low Price
Publications, Delhi.
* Kumar, D. (ed.) (1982), The Cambrid~e Economic History of India Volume 11,1757-1970,
Orient Longman Ltd., Hyderabad.
* Misra, S.K. & V.K. Puri (2001), Indian Economy -Its Development Experience, Himalaya
Publishing House, Mumbai.
* Directorate of Economics and Statistics, Government of Rajasthan, State Income of
Rajasthan.
©MGSU, Bikaner
* Government of Rajasthan: Five Year Plan Documents.
* Government of Rajasthan: Budget studies.
* Government of Rajasthan : ,Statistical Abstract of Rajasthan.
* Govt. of Rajasthan : Report of Desert Development Commission.
ADDITIONAL READING LIST

* Gadgil, D.R. (1971), The Industrial Evolution in India in Recent Times, 1860-1-39,
Oxford University' Press, Bombay
* Government of India, Economic Survey (Annual), Economic Division,Ministry of Finance,
New Delhi.' ,
* Naoroji, D. (1962), Poverty and Un-British Rule in I~dia, Low Price Publishers Pvt. Ltd.,
Bombay
* Ahluwalia, I.J. and I.M.D. Little (eds) (1999), India's Economic Reforms and Development
(Essays in honour of Manmohan Singh), Oxford University Press, New Delhi
* Jalan, B. (1992), The Indian Economy: Problems and Prospects, Viking, New Delhi.
* Jalan, B. (1996), India's Economic Policy - Preparing for the 21 st I Century, Viking, New
Delhi.
* Parikh, K.S. (1999), India Development Report - 1999-2000, Oxford University Press,
New Delhi.
* Datt, R (ed.) (2001), Second Generation Economic Reforms In India, Deep & Deep
Publications, New Delhi .

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PAPER II (B) : APPLICATIONS OF MATHEMATICS TO ECONOMICS

3 hrs duration Max Marks: 100

Note: This 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.

UNIT I
Concepts of differentiation and integration, Theory of consumer behaviour - Maximization of
utility. Slutsky Equation for two commodities Derivation of demand curve, consumer surplus ,
elasticity of demand.
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