ECONOMICS (Optional) SEMESTER V
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1 ECONOMICS (Optional) SEMESTER V PAPER 5.1 Compulsory Paper Module-I Introduction to Macro- Economics Macro-Economics-Meaning, Uses and Limitations National Income- Definitions -Methods of estimation-concepts of National Income : GNP, NNP, NI, DI, DPI and PCI-difficulties in the calculation of National Income. Module-II Classical Theory of Employment-Say's Law of Market-Pigau's Modifications Module-III Keynesian Economics Keynesian theory of employment Effective Demand-Its determination-consumption Function- Average and Marginal propensity to consume -Factors affecting Consumption function-investment Function-Marginal Efficiency of Capital-Liquidity Preference Theory of Interest-Theory of Multiplier Module-IV Acceleration Principle Meaning working-limitations-interaction of Multiplier and Accelerator Module-V Trade Cycles Meaning Features-Phases of trade cycles. Theories of trade cycles-haw trey, Keynes and Schumpeters theories of trade cycle-control of trade cycles. 1) R.D. Gupta : Introduction to Keynesian Economics 2) M.L. Seth : Macro Economics 3) Jingan : Macro Economics 4) H.L. Ahuja : Macro Economic Theory 5) Dedly Dellard : Economics of J.M. Keynes 6) Gupta and Verma : Keynes and Post-Keynesian Economics
2 Optional Paper OR Module-I Introduction to Indian Economy: India as a developing economy -obstacles to the economic development of India- Role of Infrastructure in Indian economic development Module- II Hunan Resources of India: Size and growth of India's Population -Causes for rapid growth of Population -Measures to control population explosion Physical Quality life Index ( PQLI) -Human Development Index (HDI) Module-III Economic Planning in India Objectives of economic planning in India -A brief survey of five years plans in India -A study of current Five year plan Achievements and failures of economic plans in India -New economic policy in India. Module-IV Poverty and Unemployment in India Meaning extent and causes of poverty in India. Meaning, extent types of causes of Unemployment in India, Poverty alleviation and employment generation Programmes in India Module-V Agriculture in India Causes for low agricultural productivity-measures to increase agricultural productivity Green Revolution and its impact-land reforms in India-Sources of agricultural finance-agricultural marketing-defects and remedial measures-regulated Markets-Cooperative Marketing in India. Reference Books : 1. Rudar Dutta and Sundaram : Indian Economy 2. I.C. Dhingra : Indian Economy 3. Mishra and Puri : Indian Economy, 4. K.P.M. Sundaram : Introduction to Indian Economy
3 Module-I - Introduction to Karnataka Economy PAPER KARNATAKA ECONOMY-I Characteristics of Karnataka Economy, Physical features, Natural Resources Module II - Human Resources Population growth in Karnataka and its effects, problem of Poverty and Unemployment. Poverty Alleviation and Employment Generation Schemes of Government of Karnataka Module-III Agriculture Agricultural Productivity, Agricultural Finance, Agricultural Marketing, Land Reform Measures Module -IV - Irrigation, Power Allied activities Irrigation system in Karnataka-Potential and Utilization, Power generation in Karnataka-Sources, utilization, KPTCL, Fisheries Development Export Potentiality-Appropriate Technology Module-V - Rural Development in Karnataka Village, city Composition-Schemes of rural Development Banks and Rural Development 1. Economic Development of Karnataka : K.Puttaswamaih 2. Karnataka Economy : M.Madaih 3. Statistical Abstracts of Karnataka : Bureau of Economics and Statistics
4 SEMESTER VI PUBLIC ECONOMICS Compulsory Paper PAPER 6.1 Module-I - Introduction to Public Economics Nature and Scope of Public Finance distinction between Public finance and private finance -Principle of Maximum Social Advantage Module-II - Public Revenue Sources of public revenue Taxation-Cannons of taxation -Characteristics of good tax system Impact, Incidence and Shifting of tax -Types of Taxation progressive Regressive Proportional -Direct and Indirect taxes-merits and Effects of tax on production and distribution Taxable Capacity- Meaning and determinants Module- III - Public Expenditure Meaning and types, - Principles of public expenditure- causes for increase in Public expenditure- Effects of Public expenditure on production and distribution Module-IV - Public Debt Meaning, Purpose and types of Public debt, burden of Public debt-methods of repayment of public debt Module-V - Budgeting Meaning and components of budget-revenue deficit and Fiscal deficit Fiscal Policy Meaning and objectives Deficit Financing 1. H. Dalton : Public Finance 2. D.M. Mithani : Fundamentals of Public Finance 3. R.K. Lekhi : Public Finance 4. Musgrave : Public Finance 5. K.P.M. Sundaram : Money, Banking and Public Finance 6. M.L. Seth : Macro-economics
5 INDIAN ECONOMIC DEVELOPMENT-II Optional Paper-6.2 OR Module-I - Industrial Development in India Need for industrialization in India-industrial policy-1956, 1991-Small and Cottage Industries Problems and Prospects, MNC's in the Indian economy-sources of Industrial Finance Module-II - Industrial Labour Features of Indian Industrial labour-efficiency of Industrial labour-causes for low e Module-III - Indian Banking Growth of Commercial banking in India-Performance of nationalized Commercial banks-banking reforms in India-Regional Rural Banks, NABARD-Monetary policy of Reserve Bank of India Module-IV-Foreign Trade of India Features of India's trade-volume, Composition and direction of foreign trade-balance of payment position of the Indian economy-foreign trade policy Module-V - Indian Public Finance Union Budget-Trends in the revenue and expenditure of the union Government- Finance Commissions-Major recommendations of the current Finance Commission Public debt of India- Deficit financing in India 1. Rudar Dutta and Sundaram : Indian Economy 2. I.C. Dhingra : Indian Economy 3. Mishra and Puri : Indian Economy 4. K.P.M. Sundara : Introduction to Indian Economy
6 Module- I- Industry (Large Scale Industries) KARNATAKA ECONOMY-II PAPER-6.2 Growth of Industries in Karnataka. problems of Cotton textiles. Cement, Silk, Gold Mining, Paper and Sugar Industries of Karnataka. Industrial Finance, Critical Appraisal of New Industrial policy of the State Module-II-Small Scale Industries Growth of Small Scale industries in the State-role and problems, Govt. Measures Globalisation and Emerging economic sceneno in Karnataka with special reference to small scale Industries Module-III -Transport and Communication Roads, KSRTC, Railways, Air Transport, Posts and Tele communication Module-IV - Finances of Government of Karnataka Revenue Sources-Tax and Non-tax-Sales Tax, Entertainment Tax, State Excise Duties-Value added Tax etc., Expenditure and Debt, State Finance Commission Module-V -Planning and Decentralization of Economic Power State Planning process, State Planning Board, Objectives, Strategies and Progress of State Five year Plans and evaluation, Study of Recent five year Plan of the State, Distinct Planning, Study of Panchayat Raj System in the State-Three tier System of village, Taluka and Zilla Panchayatsstrengths and weakness 1. Economic Development of Karnataka : K. Puttaswamath 2. Karnataka Economy : M. Madaih 3. Statistical Abstracts of Karnataka : Bureau of Economics and Statistics Education
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