B. Sc. (HONOURS SCHOOL) MATHEMATICS
(ECONOMICS SUBSIDIARY)
FIRST YEAR – MICROECONOMICS
SEMESTER – I
Max. Marks: 80 Time: 3 Hrs.
Internal Assessment: 20
Instructions for Paper-setter and candidates:
The syllabus has been divided into four units.
There shall be 9 questions in all.
The first question, which would be compulsory, shall be short answer type (word limit
125 each). It would carry 16 short questions, spread over the whole syllabus. The
candidate will be required to attempt any 8 short answer type questions. Each short
answer type question would carry two marks (2x8 = 16).
Rest of the paper shall contain 4 units. Each unit shall have two questions and the
candidates shall be required to attempt one question from each Unit – 4 in all. Each
question shall carry 16 marks (16x4 = 64)
(ECONOMICS SUBSIDIARY)
FIRST YEAR – MICROECONOMICS
SEMESTER – I
Max. Marks: 80 Time: 3 Hrs.
Internal Assessment: 20
Instructions for Paper-setter and candidates:
The syllabus has been divided into four units.
There shall be 9 questions in all.
The first question, which would be compulsory, shall be short answer type (word limit
125 each). It would carry 16 short questions, spread over the whole syllabus. The
candidate will be required to attempt any 8 short answer type questions. Each short
answer type question would carry two marks (2x8 = 16).
Rest of the paper shall contain 4 units. Each unit shall have two questions and the
candidates shall be required to attempt one question from each Unit – 4 in all. Each
question shall carry 16 marks (16x4 = 64)
UNIT – I
Definitions of Economics: Marshall and Robbins. Distinction between micro and
macroeconomics, positive and normative economics, deductive and inductive method of
economic analysis, partial and general equilibrium.
UNIT - II
Demand analysis. Consumer equilibrium and analysis of consumer demand for a product:
Marshallian utility and indifference curve analysis. Market demand and demand
elasticities.
UNIT – III
Production analysis: Law of Variable Proportions, concept of a homogeneous production
Function (Cobb-Douglas only) and its properties, laws of returns to scale. Deriving cost
function from production function, short run and long run cost curves, economies and
diseconomies of scale.
UNIT – IV
Concept of supply curves and supply elasticities, Interaction between demand and supply,
comparative statics of price determination, Cobweb theorem.
SELECTED READINGS
R G Lipsey (1975) : Introduction to Positive Economics.
P W Bell and M A Todaro (1969) : Economic Theory: An Integrated Text.
J M Joshi and Rajendra Joshi (1994) : Microeconomic Theory – An Analytical
Approach, Wishwa Prakashan.
R A Bilas (1967) : Microeconomic Theory – A Graphic
Analysis.
SEMESTER – II
FIRST YEAR – MICROECONOMICS
Max. Marks: 80 Time: 3 Hrs.
Internal Assessment: 20
Instructions for Paper-setter and candidates:
The syllabus has been divided into four units.
There shall be 9 questions in all.
The first question, which would be compulsory, shall be short answer type (word limit
125 each). It would carry 16 short questions, spread over the whole syllabus. The
candidate will be required to attempt any 8 short answer type questions. Each short
answer type question would carry two marks (2x8 = 16).
Rest of the paper shall contain 4 units. Each unit shall have two questions and the
candidates shall be required to attempt one question from each Unit – 4 in all. Each
question shall carry 16 marks (16x4 = 64)
UNIT – I
Definition of a market, basic elements of a market structure, equilibrium of a competitive
firm in the short run and long run. Monopoly, definition and pricing in the short run and
long run.
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UNIT – II
Introduction to discriminating Monopoly, Product differentiation, Advertisement and
selling costs, short run equilibrium of a firm under monopolistic competition.
UNIT – III
Marginal productivity theory of distribution with special reference to wage
determination. Homogeneous production function and Euler’s theorem. Ricardian and
modern theory of rent, concept of quasi rent.
UNIT – IV
Classical savings, investment and liquidity preference theory of interest. Schumpeter’s
theory of profits, Knight’s theory of Risk, uncertainty and profits.
SELECTED READINGS
R G Lipsey (1975) : Introduction to Positive Economics.
P W Bell and M A Todaro (1969) : Economic Theory: An Integrated Text.
J M Joshi and Rajendra Joshi (1994) : Microeconomic Theory – An Analytical
Approach, Wishwa Prakashan.
R A Bilas (1967) : Microeconomic Theory – A Graphic
Analysis.
SECOND YEAR – MACROECONOMICS
SEMESTER – III
Max. Marks: 80 Time: 3 Hrs.
Internal Assessment: 20
Instructions for Paper-setter and candidates:
The syllabus has been divided into four units.
There shall be 9 questions in all.
The first question, which would be compulsory, shall be short answer type (word limit
125 each). It would carry 16 short questions, spread over the whole syllabus. The
candidate will be required to attempt any 8 short answer type questions. Each short
answer type question would carry two marks (2x8 = 16).
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4
Rest of the paper shall contain 4 units. Each unit shall have two questions and the
candidates shall be required to attempt one question from each Unit – 4 in all. Each
question shall carry 16 marks (16x4 = 64).
UNIT – I
Introduction to National Income Accounting, Alternative methods of estimating National
Income and other Aggregates; estimation through numerical examples; problems
encountered in national income estimation. From Macro economic accounting to Macro
economic theory.
UNIT – II
Basic concepts of Macroeconomics: employment, price level, investment, savings.
Balance of payments; Concepts of stocks and flows. Income, output and employment
determination in the classical model; Say’s law.
UNIT – III
Concept of effective demand: consumption spending, consumption function, APC, MPC,
Determination of output and Income in the Simple Keynesian Model.
UNIT – IV
Underemployment equilibrium and Keynesian solution. Concept and operation of
multiplier.
SELECTED READINGS
Rowan, D C (1974) : Output, Inflation and Growth, 2nd Edition
Shapiro, Edward (1998) : Macro Economics, 5th Edition,
Galotia Publications
Samuelson and Nordhas (1998) : Economics, 16th Edition, McGraw-Hill
Dornbusch and Fisher (1997) : Macroeconomics, McGraw-Hill.
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SEMESTER – IV
SECOND YEAR – MACROECONOMICS
Max. Marks: 80 Time: 3 Hrs.
Internal Assessment: 20
Instructions for Paper-setter and candidates:
The syllabus has been divided into four units.
There shall be 9 questions in all.
The first question, which would be compulsory, shall be short answer type (word limit
125 each). It would carry 16 short questions, spread over the whole syllabus. The
candidate will be required to attempt any 8 short answer type questions. Each short
answer type question would carry two marks (2x8 = 16).
Rest of the paper shall contain 4 units. Each unit shall have two questions and the
candidates shall be required to attempt one question from each Unit – 4 in all. Each
question shall carry 16 marks (16x4 = 64).
UNIT-I
Investment: Autonomous and Induced; determinants of investment spending, extension of
the simple Keynesian model, IS-LM.
UNIT – II
Stablization policies: Monetary and Fiscal policies in a closed economy, Multiplier –
Accelerator Interaction: Trade cycle theories with reference to Hicksian trade cycle
model.
UNIT – III
Definition, functions and demand for money; commercial banks, credit creation and
supply of Money.
UNIT – IV
Inflation: measure, theories (cost-push and demand-pull) and control of inflation. Role of
Central Bank.
SELECTED READINGS
Rowan, D C (1974) : Output, Inflation and Growth, 2nd Edition
Shapiro, Edward (1998) : Macro Economics, 5th Edition,
Galotia Publications
Samuelson and Nordhas (1998) : Economics, 16th Edition, McGraw-Hill
Dornbusch and Fisher (1997) : Macroeconomics, McGraw-Hill.
