CHRIST UNIVERSITYHOSUR ROAD, BANGALORE-29 DEPARTMENT OF ECONOMICS B A (TRIPLE MAIN COURSE) 2013-2014 ECONOMICS Offered as one of the Core Subjects in a triple main combination with Psychology, Sociology, Political Science and History (BA-PSEco, EPS and HEP). COURSE OBJECTIVE The undergraduate economics courses provide a sound theoretical basis in economic theory supplemented by practical applications of theories. The first four semesters are devoted to give a firm background in micro economics, macro economics, development economics and international economics. In the fifth and sixth semesters the students take two compulsory courses namely Indian economy since independence and financial economics. They have elective courses in the final year encompassing two options each semester. The elective courses offered by the department are mathematical methods for economics or health economics in the fifth semester and statistical methods for economics or environmental economics in the sixth semester. COURSE STRUCTURE I SEMESTER Course code ECO 131 II SEMESTER Course code ECO 231 III SEMESTER Course code ECO 331 IV SEMESTER Course code ECO 431 V SEMESTER Course code ECO 531 ECO 542A ECO 542B VI SEMESTER Course code ECO 631 ECO 642A ECO 642B Title Principles of Microeconomics Hrs/wk 5 Marks 100 Credits 4 Title Principles of Macroeconomics Hrs/wk 5 Marks 100 Credits 4 Title Development Economics Hrs/wk 5 Marks 100 Credits 4 Title International Economics Hrs/wk 5 Marks 100 Credits 4 Title Indian Economy (Compulsory Paper) ELECTIVE 1. Health Economics 2. Mathematical Methods for Economics Hrs/wk 4 Marks 100 Credits 3 4 100 3 Title Financial Economics ELECTIVE 1. Environmental Economics 2. Statistical Methods for Economics Hrs/wk 4 4 Marks 100 100 Credits 3 3 1 Price effect. how people interact and how the economy as a whole works. Changes in supply. Price and Output determination. Law of Variable proportions.Role of observations and theory in economics.Consumers. Analyse the market structures of perfect competition.Role of assumptionsRole of Economic models. methods of measurement. UNIT 2: Demand and supply 14 Hrs Law of demand. Reasons for the downward slope of the demand curve.Important cost concepts. Monopoly. Law of diminishing marginal utility. Changes in demand. UNIT 4: Product Pricing and Factor Pricing 19 Hrs Market structure.Degrees of price elasticity with diagrams. Product differentiation. New Frontiers in Microeconomics: Introduction to concepts of Asymmetric Information.Properties. Exceptions to the law. Features of Duopoly and Monopsony. Opportunity costs.Public goods and common resources. Problem of choice. Wastes in monopolistic competition. consumer‟s equilibrium. UNIT 1: Micro Economics and the Theory of Consumption 16 Hrs Ten principles of economics: How people make decisions. Laws of returns.SEMESTER I PRINCIPLES OF MICRO ECONOMICS 2013-14 ECO 131 Objectives: 75 Hrs Develop the conceptual foundations and analytical methods used in micro economics. 2 . Political economy. Price and output determination. Cross elasticity demand.Revenue analysis -AR and MR. Oligopoly Price determination (collusive pricing. Producer surplus and Market efficiency. Production Possibility Frontier. Selling costs. oligopoly and monopolies. Income Effect and substitution effect. Economies of scale. Role of time element in market price determination. Familiarize the students with the basics of consumer behaviour. Indifference curves. Producers and the Efficiency of the Markets: Consumer‟s surplus (Marshall). Elasticity of Demand. Unit 5: Theory of Consumer Choice and New Frontiers in Microeconomics 10 Hrs Cardinal utility analysis. Consumer‟s surplus (Marshall). Factors determining price elasticity. price leadership).Wants and resources. Cost function .Long run and short run. Income elasticity demand. UNIT 3: Theory of Production and Cost 16 Hrs Production function.Price output determination. Short run and long run cost analysis (traditional theory) Modern theory of cost. Price discrimination Monopolistic Competition. Introduce the game theory and welfare economics. behaviour of firms and market equilibrium.Externalities and Market inefficiency. Perfect competition. Behavioral Economics. Ordinal utility analysis. Laws of supply. Producer‟s Equilibrium with the help of iso-quants and iso-cost lines. Lipsey. Micro Economics (IX edition). (1997). PA and W. A textbook of Economic Theory. Ray. Samuelson.Recommended Readings: 1.C. S Chand. (1975). E.D. Principles of Microeconomics.A. N. Principles of Economics (IX Ed. Chrystal (1999). 2. New Delhi 3 . Principles of Microeconomics. 4th Edition. R. Cengage Learning India. ELBS Longman group. Macmillan company of India Ltd. W.).G. H. N. Gregory Mankiw (2012). Oxford University Press. New York 4. Hague (1972). Pindyek and Rubinfield. London.W Norton and company. Oxford 3. Ramsfield. New Delhi 5. and K.Micro Economics (Pearson Education) 7. An introduction to Microeconomics. L Ahuja. 6. SEMESTER II PRINCIPLES OF MACROECONOMICS 2013-14 ECO 231 Objectives: 75 Hrs It aims at providing a systematic introduction to mainstream approaches to the study of macro economics in the current century. Two Causes of Economic Fluctuations. Monetary Policy influence on Aggregate Demand.Rational Expectations and the possibility of costless disinflation UNIT 5: Six Debates over Macroeconomic Policy 15 Hrs Monetary and Fiscal Policy – Pros and Cons. Real versus Nominal GDP. Short run Economic Fluctuations. Shifts in Philips Curve and The Role of Supply Shocks.Meaning and Functions of MoneyBanks and Money Sully. Balanced Budget Debate.Classical theory of Inflation.Fiscal Policy influence on Aggregate Demand.Velocity and Quantity equation. Handling Recession: higher spending vs. It has been designed in such a way that it stimulates awareness on macroeconomic challenges and policy management in progressive nations.Real and Nominal Interest rates Unit 2: Goods and Money Market 15 Hrs Saving and Investment in the National Income Accounts. Measurement of GDP.Crowding out effect. Monetary Policy: rule vs.The Theory of Liquidity Preference. Shifts in Philips Curve: The Role of Expectations. Money creation with 100 percent reserve banking and Fractional reserve banking.The GDP Deflator-The Consumer Price Index. Aggregate Supply & Influence of Monetary and Fiscal Policy on Aggregate Demand 18 Hrs Three Key Facts about Economic Fluctuations.Stabilisation Policy. Aggregate Supply Curve.Central Bank tools of Monetary Control.Correcting economic variables for the effects of inflation. The Cost of Reducing Inflation. Tax Law Reformation for Savings: debate.The Multiplier Effect. Aggregate Demand Curve.GDP deflator versus the CPI. discretion.Costs of Inflation. Active Versus Automatic Stabilizers UNIT 4: Short Run Trade – Off between Inflation and Unemployment 18 Hrs The Philips Curve.Fisher Effect. 4 . UNIT 1: Measuring a Nation’s Income and Cost of Living 09 Hrs Economy‟s Income and Expenditure. Central Bank: zero inflation.The Market for Loanable Funds.Classical Dichotomy and Monetary Neutrality. It also aims at developing the ability for objective reasoning about macroeconomic issues. Components of GDP. UNIT 3: Aggregate Demand. tax cuts. Policy changes and impact on the market for loanable funds.Calculation of CPI. A. Stanley Fischer and Rudiger Dornbusch. Interest and Money. Heijdra. Gregory Mankiw (2012). Macroeconomics Analysis. and F. Theory and Policy.Recommended Readings: 1. Oxford University Press. Oxford University Press. 7. G. Macmillan Publishing Company.H.L. Shapiro. 2. Hanson. J. New Delhi. Cengage Learning India. Roger. (1936). N. London. 9. Ackley. Macmillan. Principles of Macroeconomics. New York. (1960). 11. Macroeconomics II Edition ISBN. London. 6. 8. Ploeg (2001).V.C. Galgotia Publications. McGraw Hill. Macro Economics London. 10.. (1996). Crossby Lockwood and Sons. New Delhi. 5 . Mac Graw-Hill. Lewis. New York. A Guide to Keynes. New Delhi. Monetary Economics. (1963).D. (2001). Oxford University Press. Day. (1960). A. 6th Edition. (1976) Macroeconomics. 4.K. Farmer. The General Theory of Employment. Keynes.M. B. M. and P. D. E. The Economics of John Maynard Keynes. Oxford. Dillard. Mizan (2000). 3. 5. Outline of Monetary Economics.J. Foundations of Modern Macroeconomics. foreign remittances. UNIT 8: Balance of payment and development 08 Hrs Balance of payment and exchange rates. international migration. external debt UNIT 4: Planning for development 08 Hrs Macro planning models. GNP. employment and unemployment. technical change and Green Revolution. child labour. PCI. international financial crises. inequality and famines. poverty. tax policy. human capabilities. UNIT 7: International Trade 08 Hrs Role in development. project appraisal and social cost-benefit analysis. land reform and tenural relationships. gender and development. PQLI. private capital markets and financial intermediation. son preference. HDI. It also helps to broaden the awareness of the challenges in the developmental process and thus motivate the students towards the thought process of alternative solutions. Neoclassical model and growth accounting. education and human capital. price responsiveness. UNIT 1: Concepts and theories of Growth and development 12 Hrs Concepts and measurements of economic development and the characteristics of developing countries. export earnings instability. foreign aid and private foreign investment. infant industry protection. inflation UNIT 3: Mobilising foreign resources 08 Hrs Foreign capital requirements. computerisation of land ownership title: transaction cost. Unit 6: Agriculture: role in development 08 Hrs Resource allocation and producer rationality.SEMESTER III DEVELOPMENT ECONOMICS ECO 331 Objectives: 75 Hrs The course is intended to give an understanding of the theoretical perceptions of economic growth and development together with the forces bringing about them. models of growth and development (Harrod–Domar. monetary policy. Lewis dual sector. nutrition and efficiency wages. rural-urban migration and the informal sector. endogenous growth and their variants). determinants of fertility. the terms of trade. decentralised planning UNIT 5: Human dimensions of development 08 Hrs Population growth. rural informal capital markets. industrialization by import substitution and export promotion 6 . multi-national corporations. UNIT 2: Mobilising domestic resources 08 Hrs Domestic savings. insurance. Quarterly Journal of Economics 104(3) 1989. R. HD75. Hent Diana. and Development with Special Reference to Developing Economies. The Economics of Development and Planning. Murphy. Aghion. D. Rodrik. 2005 7 . Basu. 7. Scheifer and R. eds. 1998) [ISBN 9780691017068]. 3. (Princeton NJ: Princeton University Press. J. and D. Ray (2001) Readings in the Theory of Economic Development. D. market failure.I52 2003] 10. (London: Pearson. Bardhan Pranab and Christopher Udry. R.Development Micro Economics. D. Banerjee. (Basingstoke: Palgrave Macmillan. A. available at Science Direct].C. 1A. 2. Oxford University Press. A. M. Nafziger. Smith Economic Development.R423 2001]. 5. Sala-i-Martin (2004) Economic Growth. BSM] 9. Blackwell Readings for Contemporary Economics. Todaro. 2006) tenth edition [ISBN 9780321311955]. M. Second edition. Jhingan.5 . (2005) Handbook of Economic Growth.Handbook of Development Economics Elsevier 1995 14. Prentice Hall 1997 16. 38th ed. common properties 06 Hrs Recommended Readings: 1. 2000. 2006) eighth edition [ISBN 9781403996015]. MIT Press. Mookherjee (2006) Understanding Poverty.Economic theories of Development. Oxford University press. (Cambridge: MIT Press.H35 2005. Blackwell Publishers [HD75 . K.P. Market Size and Industrialization‟.Economics of Developing countries. „Income Distribution. editor (2003) In Search of Prosperity: Analytic Narratives on Economic Growth Princeton University Press. P. Meier and Baldwin. Benabou. Durlauf. and X.An analysis of competing paradigm 12. North Holland [AD. K. Vrinda Publications. N.. Thirlwall. Analytical Development Economics: The Less Developed Economy Revisited. A. HC79. 11. Growth. and S. [HD73 .P6 U534 2006] 8.P. Vishny. [BBM. 537–564. Development Economics. Barro. Vol. New York 15.M. L. Srinivasan (Eds). 4.UNIT 9: The environment and development Sustainable development. and S. 6.Economic Development 13.. Ray. pp. 1997) [ISBN 9780262024235]. Behrman and T. Mookherjee and D. Strategic Trade Policies and Development through Trade Policies 10 Hrs Imperfect Competition and trade. The Ricardian model of trade. Foreign Exchange Markets and Foreign Exchange Rates 07 Hrs 8 . Export-oriented development strategies. Externalities and protection in the model. Anti-dumping. Empirical evidence and policy results UNIT 2: Factor Price Equalization and Trade. Gains and Losses from Trade and Empirical Evaluation of Trade Patterns 10 Hrs Heckscher-Ohlin model of trade. Empirical evaluation of importance.Ohlin model. PART 1: THEORY OF INTERNATIONAL TRADE AND PROTECTION UNIT 1: Introduction and Essentials 06Hrs Important issues in international trade.SEMESTER IV INTERNATIONAL ECONOMICS ECO 431 Objectives: 75 Hrs The objectives of the course are. Traditional Customs Union Theory-Trade Creation and Trade Diversion. to provide a framework for consistent reasoning about international flows of goods. History and present state of world trade flows. WTO and GATT: History. and their implications for the national economy. factors of production. Income Distribution. Technology and Externalities. Empirical evidence UNIT 3: Market Imperfections and Trade. International Institutions. Import Substitution and Infant Industry argument. Deviations in the Short Run. The “Specific Factors” model of trade. and financial assets. Imperfect Competition and Protection. Preferential Trading Arrangements. Stolper-Samuelson effects. International experience. to give a sense of the main findings of empirical work in the above areas. Conditions that maximize the chance that a CU is beneficial PART 2: INTERNATIONAL MACROECONOMICS UNIT 6: Introduction to international Macroeconomics. Economics of Quotas. Environmental regulations. Problems with the Heckscher . Welfare arguments. Rybczynski effects. Optimum Tariff UNIT 5: World Trade Organization. Custom Unions and Economic Integration 09 Hrs Preferential Trade Areas. Protection and Imperfect Competition. History of the development of trade theory. The East Asian Miracle UNIT 4: Tariffs and Non-Tariff Barriers to Trade and Government Intervention in Trade 07 Hrs Economics of Tariffs. . Monetary Approach to the Balance of Payments and Exchange Rates: under fixed exchange rate system. Krugman P. 1994. Foreign Currency Swaps.V. The EMU Recommended Readings: 1. Functions of the Foreign Exchange Markets.. 2003. Application and Policy. 2001. Hollander A. Krugman P.Theory. Pop Internationalism. Bowen H. Reed G. The IMF. The single currency and economic integration. Ethier W. under flexible exchange rate system exchange rate determination.W. Foreign Exchange rates. UNIT 8: Price Adjustment mechanisms with Flexible and Fixed Exchange Rates 08 Hrs Adjustment with flexible exchange rates. Handbook of International Economics. International Economics.. University of London. UNIT 9: The International Monetary System and Macroeconomic Policy Coordination 10 Hrs The Gold Standard and the Interwar Period. 3..Distinction between International Trade and International Macroeconomics.. Addison Wesley.. Vanags A. 2007. Macmillan. International Economics: Theory and Policy. Subject Guide.. Macmillan. UNIT 7: Exchange Rate Determination 08 Hrs Purchasing Power Parity Theory. Modern International economics. International Economics . Charles Van Marrewijk. Obstfeld M. 2012 9 . 8. International Economics. 1997 7. Vol. Norton & Co. Eighth Edition. Elsevier Science B.. 2. Effect of Exchange Rate Changes on Domestic prices and the Terms of Trade. 6. Futures and Options. 3rd ed. 3rd edition. Stability of Foreign Exchange Markets: The Stable and Unstable Foreign Exchange Markets. 1997. 3. 9. Applied international trade analysis. The Evolution of the Bretton Woods System. MIT Press. Policy coordination with floating exchange rates. 5. 2003. Optimum currency area theory. 4. Spot and Forward Rates. Dominick Salvatore. OUP. W.. Amsterdam 1997. Viaene J. International Economics. Sodersten Bo. Wiley. black money .K. S. public sector in India. comparison with other countries. Panchayath raj institutions and decentralized planning for local development. Himalaya Publishing House. fiscal policy. budgetary trends. 28th Revised Edition. regional disparities. 10 .Sundaram (2011). Indian Economy. External sector. Foreign investment.composition. planning objectives and strategies. It also aims at making the students understand the macroeconomic challenges and policy management in India with special emphasis on Karnataka. emerging issues of development. foreign trade. outcomes of developmental programs. credit supply.M. Rudder Dutt and K. education. 2. S.estimates. Recommended Readings: 1.Mishra and V. internal and external debt and fiscal reforms. India‟s human development in global perspective. economic planning. industry and service sectors in Karnataka. Indian Economy. consequences and remedies and comparison with other countries.Puri (2010).K. targets.industrial and agricultural policies.P. comparison with neighbouring and other leading states in India. This paper exposes the students to the quantitative data on various economic aspects and policies in India and Karnataka as well. sectoral performance.SEMESTER V INDIAN ECONOMY (COMPULSORY PAPER) ECO 531 Objectives: 60 Hrs This paper aims at initiating among the students discussion on some of the key issues of Indian economy with special reference to Karnataka.broad objectives. problems and prospects of agriculture. UNIT 4: Karnataka Economy. Industry and Service sectors in India 12 Hrs Growth trends of primary. Finance commissions. SFCs. changing role of RBI-recent changes in monetary and fiscal policy. secondary and tertiary sectors. Chand & Company Ltd. outcomes of developmental programs. UNIT 3: Macroeconomic Policies and Parallel Economy 12 Hrs Recent economic reforms. strategies and the current five year plan in detail. genesis. health and housing. 63rd Edition. federal finance. UNIT 2: Agriculture. problems and prospects. direction and organization. UNIT 5: Economic planning and policies of Karnataka 12 Hrs State Planning process. state wise comparison. UNIT 1: India as a Developing Economy 12 Hrs India and the global economy.An Overview 12 Hrs Trends and growth pattern of SGDP and human development in Karnataka. Indian Economy since Independence (Ed). Planning and development in Karnataka: Targets.T.N.The Development Process of the Indian Economy.R. 11 . and perspectives. 9. Hand book of Karnataka . Somashekhara. Agarwal (2009). Economic Review.R. and V. Indian Economy:Problems of Development of Planning. Somashekar 11. Economic Survey 14.R.K . Jagadish Bhagavathy and Padma Desai. T. Academic Foundation 5. 6. N. Meti. 8. Uma Kapila (2008).Panchamukhi. 15. 2000. Government of India. K.H.K. Planning Commission. Brahmananda P.Govt of India publications 12.3.Planning for Industrialization 4.Five Year Plan Documents 7. 35th Edition. 19th Edition. The India year book 13.Gazetter Department 10. White Paper. The Economy of Karnataka: An Analysis of Development and Planning. Department of Disinvestment. Karnataka Economy. N. allocations. New Age of International Publishers.(Ed) . Role of health sector in the economy UNIT 2: Health system and the organization of health care 16 Hrs Measurement of health.E.cost utility analysis-cost-benefit analysis. Raman Kutty. 12 . Allied Publishers ltd. Miron Stano.Phelps. Issues in cost benefit analysis UNIT 5: Planning in health care 10 Hrs Need for planning. UINT 1: Nature and scope 07 Hrs Nature of health economics.assessment of quality.choice of strategy. evaluation of health system. process of planning in the health sector-prioritizing health goals. Economics for Health Care Management. supply of health services. Health function.A Primer of Health Systems Economics. Trade. 3. Quality control Recommended Readings: 1. Charles. Types of costs. user charges. Role of health economics in healthcare decision making and health policy. The determinants of health. plan resource mobilization.Economics of Health and Health Care 2006. Manpower planning-stages in technology development UNIT 6: Quality in health care 11 Hrs The concept of quality. 1998. Markets in the health sector. Allen Goodman. V. community finances. choice of technology. Efficiency. Sherman Folland. distribution and organization of health care services. Health insurance. Ann and David Perkins.Health economics. 2.ELECTIVES HEALTH ECONOMICS ECO 542A Objectives 60 Hrs To provide students basic knowledge of health economics and health policy issues. Market failure in the health sector. Health Maintenance Organization and Managed Care UNI 3: Costs and costing 08 Hrs Costs-direct and indirect costs. Costing for evaluation and costing for the budget UNIT 4: Costs and outcomes 08 Hrs Cost effectiveness analysis. To make the students aware of the economy and policy aspects of production. Addison Wesley.Macmillan 4. Supplier induced demand. Aspects of quality in health care-determinants of quality. new York: . equity and sustainability. Cost curves. The demand for health and the demand for health care. Health finances in developing countries. Clewar.off between efficiency and equity. To make them aware of the special characteristics of the health care sector. Good health. The organization of health services. Exponential functions as applied in interest compounding:Matrices:. UNIT 4: 10 Hrs Homogeneous functions: Cobb .Simple macro model (Keynesian macro equilibrium model).Types of matrices . Maxima and Minima of functions (two independent variables): Unconstrained and constrained models .Functional notations: general. exponential and logarithmic functions .Advantages and Disadvantages of using mathematics in economics. To develop skills in the presentation of data.Inverse matrix Methods of solving simultaneous equations using matrices .Explicit and Implicit forms . Producer‟s equilibrium: output.Determinants and their uses in solving simultaneous equations . UNIT 1: 15 Hrs Introduction: .Definition .Distinction between a relation and a function .Their simple uses in Economics.Substitutes and complements .Theory of production: production function.Crammer's rule.Applications of elasticity in Economics: Price elasticity . Market Equilibrium: Effects of specific and advalorem taxes on price and output . exact and specific forms .Elementary operations on matrices .Meaning . monopoly.Simple derivative rules (one independent variable) Application of derivatives in Economics. UNIT 2: 15 Hrs Differential Calculus: . duopoly and oligopoly markets.Market equilibrium: .Uses of partial derivatives in economics Elasticity .Income elasticity Engel's Law .Applications of maxima and minima in Economics: Theory of consumption (numerical problems of utility maximization) . quadratic. cubic.Types of functions: Linear. Partial Derivatives (Two independent variables) .Methods of measuring elasticity.MATHEMATICAL METHODS FOR ECONOMICS ECO 542B Objectives: 60 Hrs To help students to acquire basic skills in applied mathematics.Inverse from . revenue and profit maximization and cost minimization problems under perfect competition.Cost elasticity.Meaning .The changing scenario in economic science .Douglas and CES production functions and their properties Euler's theorem and adding up controversy.Elasticity theorems .Effects of taxes and subsidy on equilibrium price and quantity . Functions: .Meaning . To develop skills in the field of economic analysis and reasoning.Effects of subsidies Walrasian and Marshallian static stability conditions 13 .Rules . UNIT 3: 15 Hrs Maxima and Minima of functions (one independent variable): Simple applications from Micro Economics. 2.G.Infinite and definite integral .D: "Mathematical Analysis for Economists" 4. A. Allen. R. Recommended Readings: 1.Calculation of TR and TC functions from their respective MR and MC.UNIT 5: 05 Hrs Integral Calculus: Simple rules of integration .An Elementary Survey" 14 . Chiang. Veerachamy: "Quantitative Methods for Economists" New Age International Publishers. R. Consumer's surplus and Producer's surplus. C: "Fundamental Methods of Mathematical Economics" 3. Yamane: "Mathematics for Economists . .M. 2003.SEMESTER VI FINANCIAL ECONOMICS (COMPULSORY PAPER) ECO 631 Objectives: 60 Hrs This course introduces students to the conceptual and practical operations of the financial markets. secondary markets – instruments in the money market – instruments in the capital markets – financial institutions. Boddie. capital markets – primary vs. K. UNIT 7: Financial sector reforms 03 Hrs Concept of capital account convertibility – lessons from other countries – Indian preparedness to full convertibility. 15 . UNIT 4: Stock Evaluation 12 Hrs Stock evaluation methods – fundamental vs. UNIT 1: Introduction to Financial Economics 12 Hrs Role of financial intermediation – financial markets – money vs. Recommended Readings: 1. The course is intended to provide an in-depth understanding of the operational issues of capital and money market network along with its regulatory framework.IPO and Book building process – stock quotations – stock indexes – stock market performance. McGraw-Hill. technical analysis – Efficient Market Hypothesis – Capital Asset Pricing Model – factors affecting stock prices – economic factors – market related factors – firm specific factors – indicators of future stock prices. Public placement. institutions and instruments network in Indian context. UNIT 5: Stock Risk: 07 Hrs Measures of risk – Beta of the stock – Risk and return framework and investment decisions – methods of determining maximum expected loss UNIT 6: Derivative Security Market: 07 Hrs Financial future market – valuation of financial futures – option market – speculation with option market – hedging – arbitrage and foreign exchange futures market. UNIT 2: Financial Regulations 7 Hrs Money market regulations and credit policy of RBI – capital market regulations of SEBI – legal norms in security trading UNIT 3: Equity Market 12 Hrs Private vs. Investments. and Ryan. Prentice Hall. 9. Ross. Eastern Economy Edition. Indian Financial System. prentice hall. and Gordon S Roberts. Financial Theory and Corporate Policy. Reghu Palat. 3. Machiraju H R.. 13. 6.M. J. Bhole. Vikas Publishing House 7. Robert C Radcliffe.F. Farrell. Hull. 1988. 37:5 Journals: 1. Donald E Fisher. 5.S. 4.2. Bradford D Jordan.T. Investment Concepts. Addison Wesley.2005.M. 4. Doglas Hearth ad jannis K ziama.E.A. Roland J Jordan. India 11. Futures. 2. 2003. Investments. 16 . Econometrica Review of Financial Studies. and J. Analysis and Strategies. Portfolio management Mc Grawhill 12. Jay Shanken. Fundamental Analysis. Journal of Finance. J L. Security Analysis and Portfolio management. 3. Copeland.Weston. Randolph W Westerfield. L. the Arbitrage pricing Theory: is it testable? Journal of Finance. Options and other Derivatives. Journal of Financial Economics. Conemporary investment: Security and (Portfolio Analysis. 8. Fundamentals of Corporate Finance. The Dryden Press) 10. McGraw-Hill. Financial Institutions and Markets. Willam f Sharpe and Gordon J Alexander. Environmental education. solid waste. Madurai. UNIT 1: Introduction to environmental economics 13 Hrs Definition.. Karpagam I. Oxford University Press. Charles Kolstad. Environmental Economics(Ed) 2001. (1) domestic. New Delhi. water pollution.renewable energy sources. V. To make the students understand environmental problems and policy management. LTD. Trade.D. UNIT 4: Environment and society 12 Hrs Pollution and environment.K. S. deforestation and (4) auto mobile pollution. Sterling Publishers. 2001. UNIT 3: Environmental quality 9 Hrs Non marketed goods. soil pollution. Environmental‟s Kuznet s curve. pollution control boards. . Amar Prakashan.Bhattacharya .M.subsidies. rural and urban) on environment. Agarwal. Pvt. Nature and scope. New Delhi.national and international environmental policies. Environmental Economics(Ed). N. Environmental Economics.off between environmental protection and economic growth. noise pollution. Ecology and resource economics. and Qumar Absan.LECTIVES ENVIRONMENTAL ECONOMICS ECO 642A Objectives: 60 Hrs To enhance the skills of the students in the application of the economic principles in solving environmental problems. Energy And Economic Development. sanitation and safe drinking water. sex ratio. Poverty and environment. Rabindra. UNIT 2: Environmental resources and problems in India 16 Hrs Energy.S. Sustainable development.renewable and non.. Oxford University Press. health.(2) industry.Environmental Economics 2. New Delhi. Sankaran. 3. 5. People‟s participation and environmental movement UNIT 5 Management and policy 10 Hrs Fiscal tools: Pollution taxes. Private versus social costs. 17 . 6. air pollution. New Delhi. Environmental Issues And Themes.D.Environmental Economics. New Delhi. Mangalam Publications. Externalities. Nexus between economics and environment.access to Common Property Resources(CPR). Guva. 4. 1997. Legislative measures of environmental protection in India Recommended Reading 1. Sankar. Impact of population growth( trends. Environment and economic development. 7. Urbanization and environment. Pollution.(3)agriculturalsoil erosion.APH Publishing Corporation. 8.Oates. 18 . Cambridge University Press. Sumi Krishna. Baumol.E.J.1996. And W. II Edition. Cambridge.. 9.W. The Theory Of Environmental Policy 1988. Environmental Politics Peoples Lives And Development Choices. New Delhi. Framing a Questionnaire. UNIT 1: Introduction 15 Hrs Meaning . Klein: Applied General Statistics.P: Statistical Methods..Regression equations: Y on X and X on Y.Methods of collecting primary data .Correlation Analysis: Meaning Types of correlation . Rank method.Types of graphs. sample method .Consumer price index numbers.Types of diagrams .Theoretical basis of sampling: Law of statistical regularity . To develop skills in the field of economic analysis and reasoning. Tabulation of data: meaning .Scope of statistics .Measuring linear trend: Graphic method. To develop skills in the presentation of data. D.Sources of secondary data .Problems in the construction of Index Numbers . Quantity and Value Indices .Importance and limitation of statistics Collection of Data: Planning and organizing a statistical enquiry . 2. standard deviation and Lorenz curve.J. UNIT 3: Measures of central tendency 15 Hrs Mean. Croxton. Presentation of data: Diagrams and graphs .General rules for construction a diagram .Tests of adequacy of index number formulae . t. K.E. Index Numbers: Meaning . S.Hypothesis testing based on z.Errors in testing the hypothesis: Type I and Type II errors .Level of significance . median and mode . x and F tests. UNIT 5: Testing of Hypothesis 05 hrs Formulation of statistical hypothesis .Role -Parts of a table .Law of inertia of large numbers .Sampling methods: Random and non-random sampling. Gupta. 3. S.Types: Price. Sampling: Census method Vs.Methods of classification.C and V.Null and alternative . UNIT 4: Regression Analysis 15 hrs Definition .General rules of tabulation.Uses . Gupta. 19 .Methods of constructing Index Numbers: Un-weighted and Weighted . Time Series: Meaning . Measures of Dispersion: Range. method of moving averages and method of least squares. UNIT 2: Classification of data 10 Hrs Meaning . Graphic method. Kapoor: Fundamentals of Applied Statistics.Geometric and Harmonic means. mean deviation.Skewness and Kurtosis. Cowden and S. F.STATISTICAL METHODS FOR ECONOMICS ECO 642B Objectives 60 Hrs To help students to acquire basic skills in applied statistics.Components of time series data . Karlpearsons co-efficient of correlation.Methods of studying correlation: Scatter diagram method. method of semi-averages. interquartile range and quartile deviation. Recommended Readings: 1. Concurrent deviation method and Method of least squares. Veerachamy: "Quantitative Methods for Economists". Elhance: Introduction to Statistical Methods. New Age International Publishers 20 . 5. 5. R.4.