Syllabus of BA - Ist , Economics

 

DEPARTMENT

UNIVERSITY OF ALLAHABAD

CURTAILED

Lecture List

DEPARTMENT OF ECONOMICS

UNIVERSITY OF ALLAHABAD

CURTAILED SYLLABUS

2020-21

B. A.-I ECONOMICS

PAPER -I : MICRO-ECONOMICS

PAPER II : INDIAN ECONOMY: NATURE AND PROBLEMS

PAPER III : TECHNIQUES OF ECONOMIC ANALYSIS

PAPER I MICRO-ECONOMICS

UNIT-I

Nature of Micro Economics and its difference with Macro Economics, Law

of Demand and Supply, Market Demand, A brief introduction of Elasticity of

Demand. Theory of Consumer’s Behaviour. Consumer’s Equilibrium.

Indifference Curve Analysis : Price Effect, Income Effect and Substitution Effect

(Hicks & Slutsky Methods).

UNIT-II

Production Function: An Elementary Treatment, Law of Variable Proportions,

Returns to Scale, Substitution in Production, Producer’s Equilibrium. Cost Function,

Different concepts of costs: Nominal, Real and Opportunity cost. Cost Curves.

UNIT-III

Nature of Market. Revenue Function, Revenue Curves. Price Determination under

Perfect Competition, Monopoly, Discriminating Monopoly.

UNIT-IV

Marginal Productivity Theory of Distribution. Rent: Ricardian & Opportunity

Cost Theories, Quasi Rent. Wage: Labour Supply and Demand Theory of Wages,

The Marginal Productivity Theory. Interest: The Classical and Loanable Funds

Theory. Profit: Knight and J.K. Mehta.

PAPER II

INDIAN ECONOMY: NATURE AND PROBLEMS

UNIT-I

Nature and Symptoms of Under-development. Main Features of Indian

Economy. India’s Foreign Trade: Composition and Direction.

UNIT-II

The Agricultural Sector. Salient Feautres of Indian Agriculture. Changing

Agrarian Structure. Rural Credit Structure in India. Role of Commercial Banks,

Regional Rural Banks, Cooperative Banks, Primary Agricultural Credit Societies,

NABARD in Rural Credit. Rural Un-empoloyment in India.

UNIT-III

Industrial Sector. Objectives of Industrial Development. Categorisation of

Industries. Role and Importance of Cottage and Small Scale Industry. Problems of

Industrial Labour in India.

UNIT-IV

Economy of Uttar Pradesh: Salient features. Demographic features of Uttar

Pradesh. Agriculture in Uttar Pradesh: Nature and Problems. Industrial

Development in Uttar Pradesh: Nature and Problems.

PAPER III

TECHNIQUES OF ECONOMIC ANALYSIS

UNIT-I

Nature of Static and Dynamic analysis. Equilibrium Concepts and Types.

Illustration from Micro and Macro Economics, Equations: Solution of Simultaneous

Linear and Quadratic Equations, Analysis of Market Equilibrium Algebric and

Graphical Solutions. Curves and straight Lines, Rate of change and slope –

Economics illustrations, nature of parabolic curves. Cost and Revenue curves and

related Economics Illustrations

UNIT-II

Elementary idea and interpretion of first and second order derivatives, Maxima

and minima (elementary Treatment) Economic Applications of derivatives,

marginal revenue Marginal Cost, Elasticity of Demand, Elasticity of Supply,

Marginal Propensity to Consume (mpc), Marginal Propensity to save (mps),

Capital– output Ratio, Profit maximization and Cost minimization.

Use of Mathematical Tools in Economic Analysis.

UNIT-III

Statistics: Nature, functions, importance; collection of data classification

and tabulation; Diagrammatic and graphical representation of data: Bar, Pie,

Histogram, Ogive etc.Measures of central tendency. Mean, Median, Mode etc., their

relative Merits.

Unit-IV

Measures of Dispersion-Range, Quartile Deviation, Mean Deviation, Standard

Deviation, Coeeficient of Variation, Lorenz Curve.

Correlation: Linear Rank, Index Numbers: Nature, Construction, Limitation,

Importance, Construction of Index Numbers: Simple, Weighted and Price

Relative Methods.