SYLLABUS, M.A. (ECONOMICS) PART-I & II (ANNUAL) for 2015 & 2016 Examinations

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SYLLABUS, M.A. (ECONOMICS) PART-I & II (ANNUAL) for 2015 & 2016 Examinations

Syllabus

m.a (economics)

Part-ii (annual)

20152016 examinations

PAPER -I:Political Economy of Development. (Compulsory)

PAPER-II:Evolution and Structure of Indian Economy (Compulsory)

PAPER-III & IV:A Candidate may offer any two papers from these options.

Option (i):Public Economics

(ii):Money and Banking

(iii):Theory of Statistics

NOTE : Each paper carries 100 marks and is of 3 hours duration

Paper-i: political economy of development (compulsory)

Maximum Marks: 100

Pass Marks: 35% Time Allowed: 3 Hours

(A) INSTRUCTIONS FOR THE PAPER-SETTER

The question paper will consist of five sections A,B,C,D and E. Sections A,B,C and D will have two questions from the respective sections of the syllabus and will carry 15 marks each. Section E will consist of 10 short-answer type questions which will cover the entire syllabus uniformly and will carry 40 marks in all. Each short-answer type question will carry 4 marks. The Candidates are required to give answer of each short type question in 50 words i.e. in 7-10 lines.

INSTRUCTIONS FOR THE CANDIDATES

Candidates are required to attempt one question each from Sections A,B,C and D of the question paper and the entire Section E.

(B) INSTRUCTIONFOR THE PAPER-SETTER

(For Deptt. of Distance Education Candidates)

Maximum Marks: 100Time Allowed: 3 Hours

Theory: 80 Internal Assessment: 20 Pass Marks: 35 %

(Internal Assessment on the basis of Two Assignments of 10 Marks each)

The question paper will consist of five sections A,B,C,D and E. Sections A,B,C and D will have two questions from the respective sections of the syllabus and will carry 12 marks each. The candidates are required to attempt one question from each section. Section E will consist of 8 short-answer type questions which will cover the entire syllabus uniformly and will carry 32 marks in all. Each short-answer type question will carry 4 marks. The Candidates are required to attempt all the short answer questions in about 50 words i.e. in 7-10 lines.

INSTRUCTIONFOR THEFOR THE DEPARTMENT

OF DISTANCE EDUCATION CANDIDATES

Candidates are required to attempt one question each from Sections A,B, C, and D of the question paper and the entire Section E.The Candidates are required to attempt all the short answer questions in about 50 words i.e. in 7-10 lines.

SECTION-A

Marxian Theory of Social Development

Political Economy -Scientific socialist world outlook: Introduction, World Outlook, Metaphysics and dialectics; Idealism and Materialism, Laws of (Marxist) dialectical, development, Categories of (Marxian) philosophy, Social Being and Social Consciousness, Ideas and social consciousness.

Dialectical and Historical Materialism

Theory and method of (Marxist) dialectical materialism (Dialect oral conception of Social development). Historical Materialism, (Materialistic conception of history).

Nature (meaning ) and role of contradictions.

Mode of Production, Social Super-structure and Economic Laws

Mode of Production -its constitution factors and forces governing mode of production. Superstructure, Interaction of superstructure and base. Economic, Utilization of economic laws.

Historical Social-Economic Formations(Social Development)

Concepts of private property, classes and the state.

Historical Social Formations: Primitive Communism, Slavery; Feudalism, Capitalism and Socialism/Communism (Communist Formation).

Asiatic Mode of Production

The concept and controversy, characteristics of Asiatic Mode of production , its specific nature, Asiatic mode vs. Feudalism.

SECTION-B

Non-Marxian Theories of Development

Joseph A. Schumpeter: Nature and process of capitalist development: time factors in development; Circular Flow, Innovations, Nature of development; Cyclical Process-First Approximation, Second Approximation and Third Approximation, Process of decline/end of capitalism, Marxian Critique.

W.W.Rostow : Transition to capitalism through stages of growth, Marxian critique of the theory.

T.W. Schultz: Transformation of Traditional Agriculture: The problem, types of agriculture, Efficiency in resource allocation, Concept of Zero productivity of Labour; Transforming traditional agriculture, Supply of and Demand for modern inputs, Investment in human capital , A critique.

Critique of Orthodox (Bourgeois) Economics: Basic Premises/Assumptions of orthodox economics, Marxian critique of classical and Neo-classical Economics especially in the context of Marginalize, Regulated capitalism, transformation of capitalism, economic growth, theories of convergence, Industrial and Post-Industrial society.

SECTION-C

Marxian Political Economy

Basic Analysis of capitalism: the context, main concepts; capitalism and commodity production, commodity fetishism, Surplus value, Source (Labor) and appropriation of surplus value, class struggle and the Proletariat's position, Relative deterioration of the position of the working class, Reserve army of labour, Crisis contradictions of capitalist development.

Analysis of capitalism and capitalist agriculture; Capitalism in general, its essence, manifestations and consequences; Emergence of capitalist relations in agriculture.

Nature and process of planning and market mechanism: Evolution of economic planning and forms of planning. Debates on planning, Aims of planning. The soviet experience, Models of planning, Process of planning and market mechanism- The role of planning.

Nature, process and methods of accumulation: primitive socialist and capitalist methods. Accumulation under capitalism and socialism.

Nature and process of reproduction (simple, expanded and contract under) capitalism and socialism.

SECTION-D

Imperialism and Transition to Socialism

Transition to Imperialism: Rise of capitalism, Emergence of monopoly capitalism and imperialism, forms of monopoly capitalism, Lenin on imperialism . Role of banks in monopoly capitalism.

Imperialism and Neo-Colonialism : The concept and context imperialism ,Imperialism as the high-test stage of capitalism, Imperialism and the classes, Imperialism and the state, Concept of neo-colonialism, Mechanism neo-colonialism and methods of neo-colonial exploitation, Forces against neo-colonialism and imperialism.

Third World Underdevelopment : Imperialism and the third world underdevelopment with imperialism. Historical and modern methods imperialist exploitation.

Capitalist Social Planning: The Role of the Capitalist State, essence causes and objectives (Purpose) of capitalist state planning, substance and mode of state planning, State Planning in developing countries.

Transition to Socialism: Distinction between Transitions, Essence Transition period to socialism, pre-requisites to transition, uniformities transition period. Aims of new society.

Policies and Problems of Transition to Socialism: Nature of socialism transition, Strategy, Tasks and problems of transition. Production Relations in socialist society.

recommended readings

1.Karl Marx & F.Engels::Manifesto of the Communist Party, Progress publishers, Moscow,1977, 2nd edition, pp. 34-74.

2.Joseph Stalin:Dialectical and Historical Materialism, National Book Agency Pvt.Ltd., Calcutta,1978, pp. 5 to 48.

3.Maurice Cornforth:Dialectical Materialism, National Book Agency Pvt. Ltd., Calcutta. 1971, 3rd edition, Vol. 1 Chs. 2-9, Vol II ,chs. 3-10

4.John Eaton:Political Economy, International Publishers, New York, 1973, revised edition,Chs. 2-11.

5.J.A. Schumpeter:Theory of Economic Development of Capitalism, Socialism and Democracy.

6.W.W.Rostow:The Stages of Economic Growth, Cambridge University Press, 1971, 2nd edition, Chs. 1,2 to 10.

7.Paul M. Sweezy:The Theory of Capitalist Development, K.P.Bagchi & Co., New Delhi, 1991, Ist Indian edition, Chs. 1-12.

8.E. Preobrazhensky:The New Economics, Oxford University Press, London, 1965, Chs 1&2.

9.J. Wilczynski:The Economics of Socialism, S. Chand & Co. Ltd. , New Delhi, 1982, Ist ed., Chs 1to 15.

10.V.I.Lenin:Imperialism : The Highest Stage of Capitalism, Progress Publishers, Moscow, 1978, 17th ed., Chs . 1 to 10 or Lenin's Collected Works, Vol.22.

11.Balbir Singh:Vikas Di Rajnitik Arthikta, Publication Bureau, Punjabi University, Patiala.

12.Ranjit Sau:Unequal Exchange: Imperialsim and Underdevelopment, Oxford University Press , New Delhi, 1978, Indian ed., Chs. 1,3,4,6 and 7.

13.Andre Gunder Frank:On Capitalist Underdevelopment, Oxford University Press, Delhi, 1975.

14.Paul, M. Sweezy and Charles :On the transition to Bettleheim Socialism, Monthly Review Press, New York & London, 1972, 2nd Edition, pp. 3 to 135.

Supplementary readings

1.Karl Marx:Capital, Vol.1, Progress Publishers, Moscow (undated), Part 1,V,VII & VIII.

2.Paul A. Baran:The Political Economy of Grwoth, Peoplles' Publishing House, New Delhi, 1962, Indian Edition, Chs, 1,2,5 8.

3.Leo Huberman:Man's Worldly Goods, Peoples' Publishing House, New Delhi, 1969,Ist Indian edition (reprint), Parts 1 and II.

4.G.M. Meier (ed.):Leading Issuess in Development Economics, Oxford Universtiy Press New York, 1964 pp. 3-47.

5.Ernest Mandel:Marxist Economic Theory, Rupa & Co,. Delhi, 1971, 2nd edition.

6.Maurice Dobb:Studies in the Developmentof Capitalism, Routledge & Kegan Paul, London, 1978, Chs, 1to 6.

7.Paul A. Baran & P.M. Sweezy:Monopoly Capital, Monthly Review Press, New York & London, 1984; 7th Edition.

8.Harry Magdoff:The Age of Imperialism, Monthly Review Press, 1982, 2nd edition, New York and London.

9.Clive Y. Thomas:Dependence and Transformation, The Economics of the Transition to Socialism, Monthly Review Press, New York and London, 1976. 2nd modern edition, Chs,. 1,2,5,6, 9 &10.

10.Oskar Lange & F.M.:On the Economic Theory of Taylor Socialism, Tata mcGraw Hill Publishing Company, New Delhi, 1976, Indian edition, pp. 39 to 54, 121 to 142.

11.Oskar Lange (ed.)Problems of Political Economy of Socialism, Peoples Publishing House, New Delhi, 1965, Indian Edition, Chs. 1to 4 & 14.

12.E.L.Wheelwright &:The Chinese Road to

Bruce Mc FarlanceSocialism,Monthly Review Press, New York & London, 1973, Penguin edition, Ch. 5,8 & 10.

13.Prabhat Patnaik: Whatever Happened To Imperialism. Tulika Publications, New Delhi, 1995.

PAPER-II: EVOLUTION AND STRUCTURE OF INDIAN ECONOMY

(Compulsory)

Maximum Marks: 100

Pass Marks: 35% Time Allowed: 3 Hours

(A) INSTRUCTIONS FOR THE PAPER-SETTER

The question paper will consist of five sections A,B,C,D and E. Sections A,B,C and D will have two questions from the respective sections of the syllabus and will carry 15 marks each. Section E will consist of 10 short-answer type questions which will cover the entire syllabus uniformly and will carry 40 marks in all. Each short-answer type question will carry 4 marks. The Candidates are required to give answer of each short type question in 50 words i.e. in 7-10 lines.

INSTRUCTIONS FOR THE CANDIDATES

Candidates are required to attempt one question each from Sections A,B,C and D of the question paper and the entire Section E.

(B) INSTRUCTIONFOR THE PAPER-SETTER

(For Deptt. of Distance Education Candidates)

Maximum Marks: 100Time Allowed: 3 Hours

Theory: 80 Internal Assessment: 20 Pass Marks: 35 %

(Internal Assessment on the basis of Two Assignments of 10 Marks each)

The question paper will consist of five sections A,B,C,D and E. Sections A,B,C and D will have two questions from the respective sections of the syllabus and will carry 12 marks each. The candidates are required to attempt one question from each section. Section E will consist of 8 short-answer type questions which will cover the entire syllabus uniformly and will carry 32 marks in all. Each short-answer type question will carry 4 marks. The Candidates are required to attempt all the short answer questions in about 50 words i.e. in 7-10 lines.

INSTRUCTIONFOR THEFOR THE DEPARTMENT

OF DISTANCE EDUCATION CANDIDATES

Candidates are required to attempt one question each from Sections A,B, C, and D of the question paper and the entire Section E.The Candidates are required to attempt all the short answer questions in about 50 words i.e. in 7-10 lines.

SECTION-A

ECONOMICS DEVELOPMENT DURING 1857-1947

Evolution of land tenure system . Commercialization of agriculture and Trends towards market economy. Demographic developments. Problems of rural indebtedness.

Growth of modern industrial and commercial enterprises. Economic consequences of the British rule.

Need for planned economic development. Basic strategy for development of the Indian economy under the planning period. Changes in the strategy of Indian planning. Role of the public and private sectors in India. Main aspects of new economic policy and its relevance.

SECTION-B

Agrarian Reforms . New agricultural strategy. Production Structure of Indian Agriculture. Terms of trade between agriculture and industry, Industrial policy, Nature and extent of industrialization and the existing production structure of industry in India.

SECTION-C

Savings and capital formation in Indian Economy, Fiscal and Financial Sector reforms and recent changes in the policy, Natural Resources, Economic Development and Environment Degradation.

Foreign capital in India. Foreign Direct investment and Portfolio Investment.

SECTION-D

Foreign Trade in Goods and Services. Balance of Payment, WTO and Indian Economy. Restrictions on Monopolies and Concentration of economic power. poverty and economic inequalities . Population problem, unemployment, regional imbalances.

RECOMMENDED READINGS

Jagdish N. Bhagwati &:Contributions to Indian

Economic Analysis:

Sukhamoy Chakravarty

A Survey.

Krishna Bhardwaj:Production Conditions in Indian

Agriculture Cambridge University Press.

R. Palme DuttIndia Today.

D.R. GadgilThe Industrial Evolution in India in Recent times: 1862-1939, Oxford University Press.

P.C.JoshiLand Reforms in India, Vikas Pulbishing Co.

David Lehmann (ed.)Agrarian Reforms and Agrarian Reformism.

V.B. Singh (ed).Economic History of India 1857-1957, Allied Publishers.

Charan D.WadhwaSome Problems of India's Economic Policy, Tata McGraw Hill Publishing Co.

Ruddar Datt &

K.P.M.SundharamIndian Economy, S, Chand & Co.

Romesh DuttThe Economic History of India,

Vols. I&II.

Surendra J.PatelAgricultural Labourers in Modern India and Pakistan.

SUPPLEMENTRY READINGS

M.K.ChaudharyTrends of Socio-economic Changes in India: 1871-1961.

S.C. Jha: Studies in the Development of Capitalism in India, Peoples' Publishing House.

Michael Kidron: Foeign Investment in India, Oxford University Press.

S.Katovsky: Agrarian Reforms in India.

Askok Rudra :Indian Plan Models.

Ranjit Sau: Indian Economics Growth: Constraints and Prospects, Orient Longman.

Charan SinghIndia's Economic Policy: The Gandhian Blue- Print, Vikas Publishing House.

Daniel Thorner : The Agrarian Prospects in India.

Paul A. Baran:Political Economy of Growth, Monthly Review Press.

Bipan Chandra: The Rise and Growth of Economic Nationalism in India, Peoples' Publishing house.

Pramit Chaudhry: Some Aspects of India's Development, George Allen & Unwin, Blackie (Index)

A.R.Desai (ed.)Rural Sociology in India, Popular Prakashan, Bombay .

D.P.Dhar:Planning and Social Change.

E.M.S.Namboodripad:Economics and Politcs of India's Socialist Pattern, Chaitanya Publications.

K.N.RajIndia, Pakistan and China : Economic Growth and Outlook.

Bhagwan Sen : Evolution of Agrarian Relations of India, Peoples' Publishing House.

B. Singh &V.B.Singh (ed.)Social and Economic Change: Poverty and Social Change, A Study in the economic Reorganisation of Indian Rural Society, McMillan Press.

Daniel Thorner& Alice Thorner:Labour in India.

Alice Thorner

Theoder Bergmann:Agrarian Reforms in India. Agricole Publishing Academy.

PAPER -III & IV

Option i : PUBLIC ECONOMICS

Maximum Marks: 100

Pass Marks: 35% Time Allowed: 3 Hours

(A) INSTRUCTIONS FOR THE PAPER-SETTER

The question paper will consist of five sections A,B,C,D and E. Sections A,B,C and D will have two questions from the respective sections of the syllabus and will carry 15 marks each. Section E will consist of 10 short-answer type questions which will cover the entire syllabus uniformly and will carry 40 marks in all. Each short-answer type question will carry 4 marks. The Candidates are required to give answer of each short type question in 50 words i.e. in 7-10 lines.

INSTRUCTIONS FOR THE CANDIDATES

Candidates are required to attempt one question each from Sections A,B,C and D of the question paper and the entire Section E.

(B) INSTRUCTIONFOR THE PAPER-SETTER

(For Deptt. of Distance Education Candidates)

Maximum Marks: 100Time Allowed: 3 Hours

Theory: 80 Internal Assessment: 20 Pass Marks: 35 %

(Internal Assessment on the basis of Two Assignments of 10 Marks each)

The question paper will consist of five sections A,B,C,D and E. Sections A,B,C and D will have two questions from the respective sections of the syllabus and will carry 12 marks each. The candidates are required to attempt one question from each section. Section E will consist of 8 short-answer type questions which will cover the entire syllabus uniformly and will carry 32 marks in all. Each short-answer type question will carry 4 marks. The Candidates are required to attempt all the short answer questions in about 50 words i.e. in 7-10 lines.

INSTRUCTIONFOR THEFOR THE DEPARTMENT

OF DISTANCE EDUCATION CANDIDATES

Candidates are required to attempt one question each from Sections A,B, C, and D of the question paper and the entire Section E.The Candidates are required to attempt all the short answer questions in about 50 words i.e. in 7-10 lines.

SECTION-A

Changing perspective about the Role of the Government. Government in a mixed economy. Government as an agent for economic planning and development . Private goods, public goods and merit goods. Market failure and imperfections, decreasing costs, externalities. Rationale of Public Policy, allocation of resources, stabilization and achieving social goals, viz. poverty alleviation, provision of infrastructural facilities, correcting distributional inequalities and regional imbalances. Sources of Public Revenue.

SECTION-B

Taxable Capacity: Meaning and determinates. Classification of taxes. Theory of incidence of taxation, alternative concepts of incidence. Effects of taxation, tradeoff between equity and efficiency. Theories of taxation: benefit and ability to-pay approach. The problem of double taxation. Public Expenditure, Rationale for the growth of public expenditure. Wagner's law of increasing state activities.

Wiseman-Peacock hypothesis. Incidence and effects of public expenditure.

SECTION-C

Public Debt: Classification of public debt. Burden of public debt, Effects of public debt: Principles of debt management. Methods of debt redemption.

Budgeting: Planning and programme budgeting and zero base budgeting. Budgetary deficits and their implications. Fiscal Policy: Objectives of Fiscal policy-full employment, anti-inflation, economic growth, redistribution of income and wealth.

SECTION-D

Fiscal Federalism: principles of federal finance. Fiscal federalism in Indian- Constitutional provisions. Assignment of functions and sources of revenue. Finance Commission and Planning Commission. Role and Functions of Finance Commission in India. Centre- State financial relations in India.

Indian Public Finances: Indian Tax system, Major taxes in India. VAT and taxes on Services. Trends in Public Expenditure and Public Debt. fiscal crisis and fiscal sector reforms in India.

Basic reading list

1.Gupta, J.R.(2007), Public Economic in India- Theory and Practice, Atlantic Publishers & Distributors (P).

2.Gupta J.R and Harvinder Kaur (2012) Public Economics (Pbi. Med.), Twenty first Century publication, Patials.