DEPARTMENT OF ECONOMICS NIZAM COLLEE (AUTONOMOUS) OSMANIA UNIVERSITY, HYDERABAD UNDERGRADUATE (B.

A) SYLLABUS WITH EFFECT FROM THE BATCH 2010-201 1

Second Year (With Effect from 2011-2012) Semester III: Semester IV: Paper III: Micro Economics1 Paper IV: Micro Economics 2

Third Year (With Effect from 2012-2013) Semester V: Semester VI: Paper V: Macro and Monetary Economics Paper VI: Public Finance and International Trade Paper VII: Development and Environmental Economics Paper VIII : Indian Economy (From 2012-2013 under Indian Economy Project Work is being Introduced for 20 Marks)

Approved by: 1. 2. 3. 4. 5. 6. 7. 8. Prof. B Venkat Naik Prof, K. Pratap Reddy Prof. A. Nakula Reddy Prof. B. Narrayana Dr. B. Savitri Dr. I Daisy Dr. E. Pursushottam Prof. A,K Vasudeve Chary Professor Dept. of Economics, University College for Women, OU 9. Prof. J. Manohar Rao Professor of Economics University of Hyderabad, Hyderabad Chairman Member Member Member Member Member Member Expert Member

Expert Member

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NIZAM COLLEGE (AUTONOMOUS) OSAMANIA UNIVERSITY, HYDERABAD B.A 1st YEAR ECONOMICS SEMESTER-I PAPER-I: MATHEMATICS FOR ECONOMISTS
Module-I Introduction and some Basic Concepts: - Importance of quantitative tools for economic analysis- Uses and limitations of quantitative techniques in economic analysis VariableConstants-Parameters-Coefficients, Equations and Identities-Types of Functions: Linear, Quadratic and Cubic function. Module-II Matrices and Determinates:- The fundamentals of matrix algebra- types of matrix addition and multiplication-Matrix inversion-properties of determinants-Cramers Rule for solving simultaneous linear equation. Module-III Differential Calculus:- Concept of derivative Rules of differentiation-Differentiation of Algebric-Exponential, Logarithmic function- Maxima and Minima Partial Differentiation. Module-IV Applications: - Demand, Supply function- Equilibrium Measurement of elasticity Geometry of cost curves Consumptions function savings function Derivation of Multiplier. Reference: 1. 2. 3. 4. 5. A C Chiang .....Fundamental Methods of Mathematical Economics (IIIed) Caroline Dinwiddy Elementary Mathematics for Economists Arora and Bagga.. Mathematics for Commerce and Economics RGD Allen.. Mathematical Analysis for Economists Dowling. Mathematical Economics

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NIZAM COLLEGE (AUTONOMOUS) OSAMANIA UNIVERSITY, HYDERABAD B.A IST YEAR ECONOMICS SEMESTER-II PAPER-II: STATISTICS FOR ECONOMISTS
Module-I Introduction to statistics: - Role of statistics in economics Introduction to data analysis: Frequency Distribution, Histogram, Frequency Polygon, Types of frequency curves, Lorenz curves. Module-II Measures of Central Tendency:- Introduction and meaning- Arithmetic Mean: Simple, Computation and properties- median: Concept, computation and Properties- Mode: Concept and Uses of Geometric Mean and Harmonic Mean Merits and Demerits of various methods of central Tendency. Module-III Measures of Dispersion:- Introduction and Meaning Measures of Dispersion: Range, Quartile Deviation, Mean Deviation, Variance and Standard Deviation- Standard Deviation of Combined series Co-efficient of Variation _uses and Limitations Module-IV Relationships:- Correlation Analysis: Concept, Meaning and Types of Correlation-Methods of studying Correlation Karl Persons co-efficient of correlation- Rank CorrelationRegression Analysis: Introduction, Simple Regression equation Reference: 1. 2. 3. 4. 5. Agarwal, Bhardwaji and GuptaStatistics and Qantitave Techniques Gupta and Kapoor.Fundamental of Applied statistics SC Gupta..Fundamental of Statistics SP Gupta.. Elementary Statistics Methods G.S Monga..Mathematics and Statistics for Economics

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NIZAM COLLEGE (AUTONOMOUS) OSMANIA UNIVERSITY, HYDERABAD B.A II YEAR ECONOMICS SEMESTER-III PAPER-II: MICROECONOMICS-1
Module-I Definitions of Economics and Micro Economics- Positive and Normative Science Inductive and Deductive Methods Static and Dynamic AnalysisPartial and General Equilibrium AnalysisNature and Scope of Micro Economics Module-II Utility Analysis: Diminishing Marginal Utility, Equi-marginal Utility Law of Demand, Elasticity of Demand: Price, Income and Cross, Measurement of Elasticity of Demand Indifference Curve Analysis: Definitions, Properties of Indifference Curves, Budget Line, Consumer Equilibrium, Price Effect, Income Effect, Substitution Effect Consumers Surplus Module-III Theory of Production: Law of Diminishing Returns, Three Stages of Law of Variable Proportions Isoquant Analysis, Properties, Optimum Input Combinations, Expansion Path, Returns to Scale, Ridge Lines Module-IV Cost Analysis: Money Cost, Real Cost, Opportunity Cost, Fixed Cost and Variable Cost, Short and Long Run Curves, Total, Average and Marginal Cost Curves, Technical and Non Technical Economies and Diseconomies, Advertisement and Promotional CostRevenue analysis: Total Average and Marginal Revenue Curves Law Reference: 1. Richard G. Lipsey: An Introduction to Positive Economics 2. Koutsoyonis: Modern Micro Economics 3. Stoneier and Hague: The Text Book of Economic Theory 4. Mansfield: Micro Economics 5. Dominic Salvatore: Micro Economic Theory 6. Bell & Tadoro: Economic Theory 7. W. J Baumol: Economic Theory and Operation Analysis 8. K.C. Roy Choudary: Micro Economics 9. Henderson & Quandt: Micro Economic Theory A Mathematical Approach 10. Richard H. Leftwich: The Price System and Resource Allocation 11. George J. Stigler: They Theory of Price 12. H.S Agarwal: Advanced Economic Theory 13. Watson D C: Price Theory and Its Uses 14. Chopra P N: Micro Economic Theory and Welfare Economics

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NIZAM COLLEGE (AUTONOMOUS) OSMANIA UNIVERSITY, HYDERABAD B.A II YEAR ECONOMICS SEMESTER-IV PAPER-IV: MICRO ECONOMICS-2
Module-I Perfect Competition: Condition for Perfect CompetitionShort and Long Run Supply Curves of the Firm and Industry Equilibrium of the Firm and IndustryPrice and Output determination in the Short run and long run period, Monopoly: Price and output determination in short and long runPrice Discrimination Module-II Monopolistic Competition: Equilibrium of the Firm Duopoly: Cournot, Edgeworth ModelsOligopoly: Cartels, Price Leadership, Kinked Demand Curve, Basing Point, Penetration Price, Price Skimming Module-III Input Pricing: Marginal Revenue ProductInput Demand and SupplySupply of Labour Product Exhaustion Theorem Factor Rewards: Wages: Demand and Supply Theory of wages, Subsistence Theory Module-IV Welfare Economics: Definition and Measurement of WelfarePareto Efficiency Production Possibility CurvesSocial Welfare FunctionHicks-Kaldor Compensation Criteria Reference: 1. Richard G. Lipsey: An Introduction to Positive Economics 2. Koutsoyonis: Modern Micro Economics 3. Stoneier and Hague: The Text Book of Economic Theory 4. Mansfield: Micro Economics 5. Dominic Salvatore: Micro Economic Theory 6. Bell & Tadoro: Economic Theory 7. W. J Baumol: Economic Theory and Operation Analysis 8. K.C. Roy Choudary: Micro Economics 9. Henderson & Quandt: Micro Economic Theory A Mathematical Approach 10. Richard H. Leftwich: The Price System and Resource Allocation 11. George J. Stigler: They Theory of Price 12. H.S Agarwal: Advanced Economic Theory 13. Watson D C: Price Theory and Its Uses 14. Chopra P N: Micro Economic Theory and Welfare Economics

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NIZAM COLLEGE (AUTONOMOUS) OSMANIA UNIVERSITY, HYDERABAD B.A III YEAR ECONOMICS SEMESTER-V PAPER-V: MACRO AND MONETARY ECONOMICS
Module-I Definition and Scope of Marco EconomicsNational Income Concept: GDP, GNP, NNP, PI, DI, PCI Real IncomeMeasurement of National Income: Production Method, Income Method, Expenditure Method Social Accounting National Income as In Index of Welfare

Module-II Theory of Employment: Says Law of Market Keynes Theory of Employment: Effective Demand Consumption Function Factors Influencing Consumption Function Multiplier and Investment Functions Marginal Efficiency of Capital and Rate of Interest Liquidity Preference Theory Applicability of Keynesian Theory to UDCsIS-LM Curves Module-III Meaning and Evolution of MoneyFunctions of MoneyEvolution of Paper Currency System Principles of the Note Issue Value of MoneyQuantity Theory of Money: Cash Transactions Approach Cash Balance ApproachFriedmans Restatement of the Quantity Theory of MoneyInflation: Causes, EffectsTheories of Inflation: Demand Pull, Cost Push and Structural InflationMethods of Controlling InflationInflationary Gap Module-IV Banking: Functions of Commercial BanksCredit Creation and its LimitationsRole of Commercial Banks in Developing CountriesCentral Bank: Functions Central Bank Credit Control by Central BankQuantitative and Qualitative Methods of Credit Control Monetary Policy: Objectives and Role of Monetary Policy in Developing Countries Reference: 1. 2. 3. 4. 5. 6. 7. 8. Stone & Stone: National Income Accounting Shapiro: Macro Economics Acklay G: Macro Economics Derenberg & Mc. Dougal: Macro Economics Hansen: Guide to Keynes M L Seth: Money, Banking and Trade M C Vaish: Money, Banking and Trade M C Vaish: Macro Economics

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NIZAM COLLEGE (AUTONOMOUS) OSMANIA UNIVERSITY, HYDERABAD B.A III YEAR ECONOMICS SEMESTER-V PAPER-VI: PUBLIC FINANCE AND INTERNATIONAL TRADE
Module-I Nature and Scope of Public FinancePublic Versus Private FinanceObjectives of Fiscal PolicyPublic Revenue: Sources of Public RevenueTaxationDirect, Indirect, Progressive, ProportionalPrinciples of Taxation: Benefit ApproachAbility to Pay ApproachIncidence of TaxationImpact of TaxationShifting of TaxationCanons of TaxationEffects of Taxation Module-II Public Expenditure: Causes for Increasing Public ExpenditureCanons of Public ExpenditureEffects of Public ExpenditurePublic Debt: Classification of Public Debt Causes for Increase in Public DebtMethods of Redemption of Public DebtEffects of Public DebtDebt TrapBudget: Balanced and Unbalanced BudgetConcepts of Budget Deficits Module-III Theories of Trade: Ricardo Comparative Cost Theory Factor EndowmentsHecksher OhlinExchange Rate Theories: Mint Parity Purchasing Power ParityBretton Woods SystemFloating Exchange RatesBalance of Payment: Balance of Trade Balance of PaymentDisequilibrium in Balance of Payments Causes and Corrective Measures Module-IV Growth and Composition of Foreign TradeTrade PoliciesEXIM BankExport Processing Zones IMFWBUNCTADGATTWTO Reference: 1. 2. 3. 4. 5. 6. 7. 8. Stone & Stone: National Income Accounting Shapiro: Macro Economics Acklay G: Macro Economics Derenberg & Mc. Dougal: Macro Economics Hansen: Guide to Keynes M L Seth: Money, Banking and Trade M C Vaish: Money, Banking and Trade M C Vaish: Macro Economics

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NIZAM COLLEGE (AUTONOMOUS) OSMANIA UNIVERSITY, HYDERABAD B.A III YEAR ECONOMICS SEMESTER-VI PAPER-VII: DEVELOPMENT AND ENVIRONMENTAL ECONOMICS
Module-I Meaning and Definition of Economic DevelopmentDistinction between Economic Growth and Economic Development Objectives and pre-requisites of Economic DevelopmentMeasurement of Economic DevelopmentIndices used, GNP, PCI, Basic Needs, PQLI and HDI Module-II Rostows stages of Economic GrowthLewis Theory of Unlimited Supply of Labour Leibensteins Minimum Effort ThesisRodans Big Push TheoryRagnar Nurkses Balanced Growth StrategyHirschmans Unbalanced Growth StrategyChenerys structural Shifts. Development PolicyChoice of goods and choice of techniques Reinvestment CriteriaTime Preference Criterion Module-III Concept of Capital and Capital FormationStages of Capital FormationReasons for Low Capital Formation in LDCsVicious circle of PovertyUnemployment: Types, causes, Consequences of it in LDCsHuman Capital: Meaning and Components Population and Economic DevelopmentDemographic Transition Theory Module-IV Economic Development and Environment: Basic IssuesConcepts of DevelopmentTraditional Economic Model of EnvironmentTypes of Environment use and Environment disruptionValuation of Environment Land, Water, Air and ForestPrevention and Control of Environmental Technology and EnvironmentResource Depletion

Sustainable Pollution damages to damages

1. Meier and Baldwin.Economic Development: Theory, History, Policy 2. Benjamin Higgin.....Economic Development 3. M. Tadaro & S. Smith.Economic Development 4. Meier and Rausch .. Leading Issues in Economic Development 5. M. L Jhingan...Economic of Development and Planning 6. R. K Lekhi...... Economic of Development and Planning 7. S.K Misra & V. K Puri... Economic of Development and Planning 8. AN Agarwal... Economic of Development and Planning 9. I. C. Dhingra...The Indian Economy: Environment and Policy 10. R. N Bhattacharya..Environmental Economics: An Indian Perspective 11. Jhingan, Bhatt & Desai..Demography 12. Pavitram.Environmental Economics

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NIZAM COLLEGE (AUTONOMOUS) OSMANIA UNIVERSITY, HYDERABAD B.A III YEAR ECONOMICS SEMESTER-VI PAPER-VIII: INDIAN ECONOMY
Module-I Basic features of Indian EconomyNatural Resources: Land, Water, Forest Resources Indias Population: Size, Growth, Composition, TrendsPopulation PolicyRural Urban MigrationOccupation DistributionIndias National Income

Module-II Trends in agriculture production and productivityFactors determining productivity Reasons for low ProductivityNew agriculture strategyGreen RevolutionRural CreditAgriculture Marketing: Stages, problems, suggestionsAgriculture price policy Agriculture Infrastructure and food security

Module-III Growth of Indian Industry since IndependenceIndustrial Policy of 1956 and 1991Post 1991 Policy ReformsSmall scale industries growth, problems and measuresPublic Vs. Private Sector enterprisesIndustrial sicknessIndustrial financeRole of multinational corporationsDisinvestment Policy in IndiaFERA FEMASpecial Economic Zones Module-IV Planning in India: Eleventh Five Year Plan, Objectives, targets, allocationsEconomic Reform: Liberalization, Privatization and globalization in IndiaInfrastructure: Economic Infrastructure: Transport, Power, Banking, CommunicationsSocial Infrastructure, Education, Health In Indian Economy Paper Project Work is being Introduced for 20 Marks

Reference: 1. 2. 3. 4. 5. 6. R. K Misra & V. K. Puri....Indian Economy: Its Development Experiences A.N. Agarwal..... Indian Economy KPM Sundharam & Ruddar Dutt. . Indian Economy P.K. Dhar.....Indian Economy Pramit Choudary.... Indian Economy R. L. Lekhi.Economics of Development and Planning