Syllabus (ECONOMICS)

Course Type: MAJ-2

Semester: 2

Course Code: BECOMAJ02T

Course Title: Foundation Course in Economics - II

(L-P-Tu): 5-0-1

Credit: 6

Practical/Theory: Theory

Course Objective:

Learning Outcome: Course Objective: After getting general theoretical knowledge on basic foundation course, this course will helps the learners to make introductory ideas on development economics and Indian economics. The position & problems of our country in respect of fi

1. Indian Economics: (25)

Features of the Economy;

Evolution of India’s Development Goals;

Agriculture and Industry;

Public Sector vs. Private Sector;

Population and Poverty;

Inequality and Unemployment;

Planning vs NITI Ayog;

Economic Reforms in India.

2. Development Economics: (25)

Meaning and Characteristics;

Income and Capability Approach;

HDI and MDG;

Economic Growth;

Growth vs Development;

International Comparisons;

Inequality and Development;

HPI and Hunger Index;

Political Institutions and the State;

The Determinants of Democracy;

State Ownership and Regulation;

Government Failures and Corruption.

3. Public Finance: (15)

Definition and Scope;

Externalities,

Market Failure and Government Intervention;

Overview of Public Good;

Pure Public Good and Private Good;

Market Failures;

Classification of Taxes;

Canons of Taxation;

Benefit Principle;

Incidence and Burden of Taxes;

The Laffer curve;

Public Expenditure;

Government Budget and Expenditure;

Public Debt;

Sources of Public Borrowings.

4. Basic Statistics: (25)

Data Collection;

Presentation of Data;

Tabulation; Frequency Distribution;

Graphical Expression (Bar, Line, Pie, Histogram, Ogive);

Measures of Central Tendency;

Measures of Dispersion;

Moments, Skewness and Kurtosis.

Reading References:

(Indian Economics)

►R. Datt and K.P. M. Sundaram, 2023, Indian Economy, S. Chand and Co., (Paperback: Gourav Datt and Ashwani Mahajan).

► Raj Kumar Sen, 2011, Modern Indian Economy, Deep and Deep Publications, New Delhi.

►A.N. Agarwal and M.K. Agarwal, 2019, Indian Economy: Problems of Development and Plannning, New Age International Pvt. Ltd.

►K.L. Krishna and A. Vaidyanathan, Institutions and Markets in India’s Development.

►Himanshu, 2010, “Towards New Poverty Lines for India”, Economic and Political Weekly, January.

►Jean Dreze and Angus Deaton, 2009, “Food and Nutrition in India: Facts and Interpretations”, Economic and Political Weekly, February.

(Development Economics)

►Jean Dreze and Amartya Sen, Economic Development and Social Opportunity, OUP.

►R.J. Chelliah, 2009, Towards Sustainable Growth, OUP.

►VC Sinha and S. Pandeya, 2021, Planning and Economic Development, SBPD Publications.

► Debraj Ray, 2009, Development Economics, Oxford University Press.

► Partha Dasgupta, 2007, Economics: A Very Short Introduction, Oxford University Press.

► Abhijit Banerjee, Roland Benabou and Dilip Mookerjee, 2006, Understanding Poverty, Oxford University Press.

► Kaushik Basu, 2007, The Oxford Companion to Economics in India, OUP.

► Amartya Sen, 2000, Development as Freedom, OUP.

(Public Finance)

►J. Hindriks and G. D. Myles, 2006, Intermediate Public Economics, The MIT Press; Annotated Edition.

►A Ghosh and C. Ghosh, 2014, Public Finance, Prentice Hall India Learning Private Limited; 2nd Revised edition.

►S. Mukherjee, A. Ghosh and R.N. Nag, 2008, Analytical Public Finance: Ricardo to Musgrave, New Central Book Agency, Kolkata.

►HL Bhatia, 1977, Public Finance, Vikash Publishing House, New Delhi.

►S. Mukherjee, A. Ghosh, and RN Nag, 2008, Analytical Public Finance: Ricardo to Musgrave, New Central Book Agency, Kolkata.

(Statistics)

►R.V. Hogg and A.T. Craig, An Introduction to Mathematical Statistics, Third Edition, Amerind, New York, London

►Mood, A.M., F.A. Greybill and D.C. Boe, 1974, Introduction to the Theory of Statistics, McGraw Hill.

►John E. Freund, 1992, Mathematical Statistics, Prentice Hall.

►Goon, Gupta & Dasgupta, 1985, Basic Statistics, World Press Private Limited.

►R.V. Hogg and A.T. Craig, An Introduction to Mathematical Statistics, Third Edition, Amerind, New York, London.

►Mood, A.M., F.A. Greybill and D.C. Boe, 1974, Introduction to the Theory of Statistics, McGraw Hill.

►John E. Freund, 1992, Mathematical Statistics, Prentice Hall.

►R. Ganesan and PV Sreenivasaiah, 2015, Textbook of Statistics, Write and Print Publication, 1^st edition.

►SS Gupta and VK Kapoor, 2020, Fundamentals of Mathematical Statistics, 12^th edition, Sultan Chand & Sons.