Section I Semester I 400 Marks

Paper 101 Microeconomic Theory 100 Marks

Paper 102 Macroeconomic Theory 100 Marks

Paper 103 Development Economics 100 Marks

Paper 104 Indian Economic Problems 100 Marks

Semester II 400 Marks

Paper 201 Microeconomic Applications 100 Marks

Paper 202 Macroeconomic Applications 100 Marks

Paper 203 Quantitative Techniques 100 Marks

Paper 204 Indian Economy in Global Context 100 Marks

Semester III 400 Marks

Paper 301 Economics of Social sector 100 Marks

Paper 302 Computer Applications 100 Marks

Paper 303 A. Economics of Rural Development & Planninng-I 100 Marks*

B. Economics of Financial Institutions-I 100 Marks*

C. Labour Economics- I 100 Marks*

Paper 304 D. Statistics & Econometrics I 100 Marks*

E. Health Economics I 100 Marks*

F. Resources & Environmental Economics I 100 Marks*

Semester IV 400 Marks

Paper 401 A. Economics of Rural Development & Planninng-II 100 Marks*

B. Economics of Financial Institutions-II 100 Marks*

C. Labour Economics- II 100 Marks*

Paper 402 D. Statistics & Econometrics II 100 Marks*

E. Health Economics II 100 Marks*

F. Resources & Environmental Economics II 100 Marks*

Paper 403 Economics of North East India 100 Marks

Paper 404 Project/ Dissertation 100 Marks

One paper needs to be selected from (A, B, C) and one paper from (D, E, F).The available courses from each group will be communicated to the students at the beginning of each academic year.

Section II

SEMESTER I Paper 101 Microeconomic Theory 100 Marks

Unit I: Consumer Behaviour: Utility maximization and consumer demand - indirect

utility function- expenditure function; effect of changes in prices and income-price , cost

and income elasticity of demand, classification of commodities.

The theory of revealed preference: the weak and strong axioms of revealed preference;

the substitution effects; derivation of indifference curve; critique of the theory.

Choice Under Uncertainity and intertemporal choice.

Recent developments in demand analysis--pragmatic approach and linear and non linear

expenditure system;

Unit II: Theory of Firm: Production function: law of variable proportions and returns

to scale; elasticity of substitution; optimizing behaviour of the firm; input demands;

economies of scale. The theory of cost: Traditional and modern theories of costs;

Derivation of cost function from production function; derived demand for factors.

Unit III: Analysis of Market Structure : Perfect competition — short run and long run

equilibrium of the firm and industry, price and output determination, supply curve;

Monopoly — short run and long run equilibrium, price discrimination, welfare aspects,

monopoly control and regulation; monopolistic competition; bilateral

monopoly.Collusive and Non-collusive oligopoly: Non-collusive --Cournot, Bertrand,

Edgeworth, Chamberlin, kinked demand curve and Stackelberg’s solution and collusive -

-Cartels and mergers, price leadership and basing point price system.

Alternative theories of the firm: Baumol’s sales revenue maximization model;

Williamson’s model of managerial discretion; Marris model of managerial enterprise

Unit IV: Theory of Distribution: Marginal Productivity Theory of distribution- factor

price determination under perfect competition and monopoly- product exhaustion

theorem. Macro Theories of Distribution- Kaldor, Kalecki, Pasinetti.

Selected Readings: Kreps, David M. (1990), A Course in Microeconomic Theory, Princeton University Press, Princeton. Koutsoyiannis, A. (1979), Modern Microeconomics, (2nd Edition), Macmillan Press, London. Layard, P.R.G. and A.W. Walters (1978), Microeconomic Theory, McGraw Hill, New York. Maddala and Miller (2004): Microeconomics: Theory and Applications, Tata MaGraw-Hill, New Delhi. Varian, H. (2000), Intermediate Microeconomics: A Modern Approach, W.W. Norton, New York. Sen, A. (1999): Microeconomics: Theory and Applications, Oxford University Press New Delhi.

Paper 102 Macroeconomics Theory 100 Marks

Unit I: National Income Accounting

Basic concepts, Measurements and problems, various types of accounting-social

accounting, input-output accounting, environmental accounting, etc. The consumer price

index and the producer price index, Measures of cyclical variation in Output.

Unit II: Analysis of Aggregate Demand (Keynesian System)

The problem of unemployment, simple Keynesian model – conditions for

equilibrium output, components of aggregate demand, Money in the Keynesian system,

ISLM model, Policy implications.

Unit III: Analysis of Aggregate Supply (Classical System)

The classical revolution, equilibrium output and employment, the quantity theory

of money, the classical theory of the interest rate, policy implications.

Unit IV: Open Economy Macroeconomics

Exchange rates and the International monetary system, monetary and fiscal policy

in the open economy – Mundell Fleming model, the case of imperfect and perfect capital

mobility.

Selected Reading List:

1. Branson, W.H. Macroeconomic Theory and Policy,

2. Froyen, Richard T. Macroeconomics,

3. Romer. David, Advanced Macroeconomics,

4. Mankiw, Macroeconomics,

Paper 103 Development Economics 100 Marks

Unit I: Features of Underdevelopment and Role of Planning. A: Concept of Development – Measures of Development – Traditional experiences – Concept of Underdevelopment and its structural features: The Vicious circle of poverty, low level equilibrium trap, critical minimum effort. B: Meaning & Need for Planning – Planning Practices – Planning by Direction – Planning through Market – Financial Planning – Physical Planning.

Unit II: Strategies of Development and Capital formation. A: Big-push theory – balanced vs. unbalanced growth – Choice of techniques. B: Importance of capital formation – The three stages of capital formation – sources of capital – capital-output ratio. Unit III: Rural Urban Transformation. A: Theory of migration – Hariss-Todaro Model. B: The rural-urban wage gap – The Labor Turnover Model.

Unit IV: Social Opportunities and Inclusive Growth

Social Exclusion and Inclusion –concepts and Terminologies

Factors leading to Social exclusion and deprivation – Caste and Ethnicity, Religion,

Gender, Age, Political Identity.

Policy Measures for Inclusive Growth.

Select References Ray, Debraj ‘Development Economics’ Basu, Koushik, ‘Analytical Development Economics’ Misra and Puri, ‘Development and Planning: Theory and Practice’ India: Development Report, 2006; Oxford University Press, New Delhi.

Paper 104 Indian Economic Problems 100 Marks

Unit I: Structural feature of the economy:

Basic characteristic of the Indian economy; Structural features of Indian economy during

Pre and Post independence period; Dualistic economic structure; Structural changes

during economic Development; Occupational structure and economic development.

Unit II: Population, Poverty and Unemployment:

Relative and Absolute Poverty- head count ratio, poverty gap and Sen Index. Trend of

Poverty in India in Pre and Post reform period. Poverty alleviation programmes. Job less

Growth-an Indian experience. Population Policy-2000.

Unit III: Agriculture

Land Reform- The need and scope for land reforms, objectives of land reforms, A

critical analysis of land reform measures introduced in India.

Green Revolution- Nature and extent of Green Revolution; Impact of Green Revolution

on the Indian economy..

Unit IV: Industry

Industrial Policies- Industrial Policy Resolution, 1956; Industrial Policy Statement, 1977;

Industrial Policy, 1980; Industrial Licensing Policy and Industrial Policy, 1991.

Public Sector- Role of Public sector; Performance of Public Sector and New Direction of

Policy on Public Sector.

References:

Datt, Ruddar & Sundharam, KPM (2007): “Indian Economy”, S. Chand & Company

Ltd. New Delhi-55, 55th edition.

Dhar, P.K. (2003): “Indian Economy-its Growing Dimensions”, Kalyani Publishers, New

Delhi, 11th Enlarged edition.

Kapila, Uma (2002-03): Indian Economy-Issues in Development and Planning and

Sectoral Aspects”, Academic Foundation, New Delhi, 3rd Revised edition

SEMESTER II Paper–201 Applied Microeconomics Full Marks: 80 Unit–I: General Equilibrium and Welfare Economics

Partial and General Equilibrium Analysis

General Equilibrium Model of Exchange, Input Output Analysis.

Pareto Optimality, Fundamental Theorems of Welfare Economics;

Applied Welfare economics: consumers’ surplus and producers’ surplus

Social Welfare Functions, Arrows Impossibility Theorem

Unit–II: Incidence of Taxation under Different Market Structures Impact, Shifting and Incidence of a tax

Adjustments under Perfect Competition

Adjustments under Monopoly

Unit–III: Asymmetric Information and Adverse Selection

Market for lemons, Insurance Market Adverse Selection, Moral hazard,

Signaling and Screening

Unit–IV: Public Goods and Externalities

Externalities in Consumption and Production;

Property Rights and the Coase Theory, the Problems of Commons;

Public Goods and the Free Rider Problem, Lindahl Equilibrium, Market Failures

and Theory of Second Best.

Selected Readings: Koutsoyiannis, A. (1979), Modern Microeconomics, (2nd Edition), Macmillan Press, London. Layard, P.R.G. and A.W. Walters (1978), Microeconomic Theory, McGraw Hill, New York. Maddala and Miller (2004): Microeconomics: Theory and Applications, Tata MaGraw-Hill, New Delhi. Varian, H. (2000), Intermediate Microeconomics: A Modern Approach, W.W. Norton, New York. Sen, A. (1999): Microeconomics: Theory and Applications, Oxford University Press New Delhi.

Paper–202 Applied Macroeconomics Full Marks:100 Unit–I: Growth Theory

(a) Solow growth model – rationale for the Solow model. Solow model – assumptions, steady state, golden rule of capital accumulation, critical assessment.

(b) Endogenous growth – convergence hypothesis, AK model, Romer’s model. Unit–II: Rational Expectation

(a) Keynes’ theory and expectations. (b) Rational expectation and economic theory.

Unit–III: Recent developments in Business Cycle Theory Real business cycle theory – intertemporal substitution effect – pro cyclical,

counter cyclical, a cyclical, lead, lag and coincidental indicators – stylized facts and RBC

– calibration.

Unit–IV: New Keynesian theories Hyman minsky, Financial instability hypothesis,

Chapter 17 - General theory of Employment, Interest and Money,

Menu Costs.

Paper–203: Quantitative Techniques Full Marks: 100 Unit–I: Optimization Static Optimization without constraints Static Optimization with equality and inequality constraints Dynamic Optimization Unit–II: Input output Analysis. Concept – definition- formulation of the model – derivation of output in 2×2

industry case, Hawkin-Simons condition – price determination – value added output.

Unit–III: Descriptive statistics

Measures of Central tendency and Dispersion. Concept of moments, skewness and kurtosis Correlation coefficient and regression analysis.

Unit–IV: Classical Inferential Statistics.

Theory of sampling. Theory of estimation and hypothesis testing.

Select References: 1. W. Leontief, ‘Input Output Analysis’, Chapter 1, & 2. 2. Alpha C Chiang, ‘Fundamental Methods of Mathematical Economics’. 3. Goon, Gupta and Dasgupta, ‘Basic Statistics’ 4. Goon, Gupta and Dasgupta, ‘Fundamental of Statistics Vol. I’ 5. Morris Hamburg, ‘Statistical Analysis for Decision Making’.

Paper–204 Indian Economy in Global Context Full Marks: 100

Unit–I: Crisis of 1991 and New Economic Policy Rationale for economic liberalization; Privatisation and Globlisation.

Recent economic reforms and their impact.

Unit–II: Reforms in Major Sectors (Trade, Finance) The Uruguay Round of Trade Negotiations (TRIPS, TRIMS) and WTO

Macroeconomic Policy & the Exchange Rate;

Currency Convertibility Issues;

Unit–III: Emerging Issues and Further Reforms

Second Generation Reforms and Reduction of Poverty

New Growth Strategy and its Need.

Social Sector in the Globalised Context.

Unit–IV: National & International Institutions: WTO and Indian Agriculture

IMF Development Policy

Role of Planning Commission in Indian Economic Development

Select References: J. Stiglitz (2002): Globalization and Its Discontents, Penguin Books

SEMESTER III Paper 301 Economics of Social Sector 100 Marks

Unit I: From Economic Development to Human Development: The Evolution of

Measures of Development Per Capita income- Physical Quality of Life Index- Human

Development Index- Gender Development Index- Gender Empowerment Measures.

Poverty, Inequality and Development- Measuring Inequality and Poverty- Income

Poverty Index and Human Poverty Index.

Unit II: Public Health and Epidemiology: Health in Economic Development- Mortality

and Morbidity- Assessment of health status in terms of Disability-Adjusted-Life-Years

(DALY)- Analysis of Disease Burden & Epidemiological Transition Theory of

Development.:

Unit III: Basic Education as Human Capital: Human Capital vs. Physical Capital;

Components of Human Capital; Education and Economic Growth; Expenditure on

Education; Demand for Education – Private Demand and Social Demand; Cost of

Education – Expenditure on Education, Private and Social Costs; Direct And Indirect

Benefits, Private and Social Benefits of Education.

Unit IV: Environmental and Sustainable Development: The Environment and

Development- Sustainable Development and Environmental Accounting- Gender,

Environment and Poverty: the GEP-Index of Vulnerability.

Select References:

Meier & Rauch (2000): Leading Issues in Economic Development, OUP Fukkuda-Par & Shiv Kumar (2002): Readings in Human Development, The World Bank. Blaug, Mark (1970) An Introduction to The Economics of Education, Penguin New York Human Development Reports- 1991, 1996, 1997, OUP. World Development Reports- 1992, 1993, 1994, 2001. OUP. Homepages of the World Bank (WB), International Labour Organization (ILO), United Nations Development Program (UNDP), World Health Organization (WHO), Food and Agricultural Organization (FAO), etc.

Paper 302 Computer Applications 100 Marks

Unit I: Data Presentation: Computer fundamentals- Basic Excel; Numerical and

graphical presentation of data

Unit II: Data Analysis: Statistical and Econometric analysis

Unit III: Optimisation Using Solver: Allocation and Distribution Problem

Unit IV: Project Related Presentation Techniques- Report writing and power point

presentation

Paper 303 A. Economics of Rural Development & Planninng-I 100 Marks*

Unit I: Rural Development: Meaning And Concepts, Structural Transformation of the

Rural Economy, Capitalist Agrarian Transition- Country Experiences.

Unit II: Rural Factor Markets: Interlocking of Factor Markets, Rural Capital Market-

Organized and Unorganized Capital Market-Formal and Informal Sources of

RuralCredit, Labour Supply and Labour Demand by the Rural Household.

Unit III: Risk, Uncertainty & the Rural Economy.

Unit IV: Migration and Rural Population Change

Bardhan, Pranab(1984) Land Labour and Rural Poverty, OUP

Debraj Ray (1998): Development Economics, OUP

Frank Ellis (1993), Peasant Economics, Cambridge University Press, Cambridge, 2nd

Edition,

Taylor, E.J. & P.L. Martin (2001): “Human Capital : Migration and Rural Population

Change” in Handbook of Agricultural Economics 18, Vol. IA Edited by Bruce

L.Gardener, Gordon C. Rausser, Elsevier.

Paper 303 B. Economics of Financial Institutions-I 100 Marks*

Unit I: The Financial System

Unit II: Money Market

Unit III: Capital Market

Unit IV: Valuation of Financial Assets

Paper 303 C. Labour Economics- I 100 Marks*

Unit I: The Nature of Employment and Unemployment In Developing Countries:

Assessing Employment, Recent Trends

Unit II: Labour Supply: Measuring The Labor Force, Workers Preferences, Time And

Budget Constraints, Hours Of Work Decision; Labour Demand: Production

Function, Employment Decision In The Short Run And Long Run, Long Run

Demand For Labor; Labour Market Equilibrium: Equilibrium In A Single

Competitive Labor Market, Competitive Equilibrium Across Labour Markets,

Cobweb Model, Non-Competitive Labor Markets.

Unit III: Trade Union – Determinants of union membership, Model of the bargaining

process, Union wage effects, the Exit-voice hypothesis, Unions and resource

allocation; Collective bargaining: Economic sanctions of collective bargaining,

Bargaining power in collective bargains, Counteracting pressures – Employer’s

resistance, Potential impact on union, Internal trade union problems and collective

bargaining, Looking into the 21st Century

Unit IV: Labour mobility: Types, Migration as an investment in human capital,

Determinants of migration, Consequences of migration. Economic Models of

Migration.

References Campbell, R.M. and S.L. Brue (1995): Contemporary Labour Economics, McGraw Hill, NY.

Marshall, F.R., V.M. Briggs, and A.G. King (1984): Labour Economics, Richard D. Irwin Inc. Homewood, Illinois.

George, J.B. (1996): Labour Economics, McGraw Hill,, NY.

Rees(1973): Economics of Work and Pay, Harper & Row

A.K. Sen(1999): Employment, Technology and Development, OUP Ghose, A.K.. N. Majid., & C Ernst ( 2008): The Global Employment Challenge, ILO &

AF

Paper 304 D. Statistics & Econometrics I 100 Marks*

Unit I: Statistical Inference A. Estimation, B. Hypothesis Testing

Unit II: Time Series Analysis Definition – Specification of the model – components of time series – measures of trends: linear and non-linear, seasonal variation and cyclical fluctuation. Unit III: Regression Analysis - Method of OLS, CLRM – properties, Gauss Markov Theorem, problems in

regressions analysis – violations of assumptions, Multiple regression analysis, The problem of estimation and inference,

- Econometric methodology – types, errors, consequences and tests of specification errors, and errors of measurement.

Unit IV: Regressions with Qualitative Independent Variables - Regression of Dummy variables - Regression of Dummy dependent variables - Dynamic econometric model.

Paper 304 E. Health Economics I 100 Marks*

Unit I Health Economics: An Overview

Overview of Health Economics: Concepts, definition and components, Equity and Efficiency of Health Care, Difference between Health and Health Care, Measures of Health Status- Vital Rates

Unit II: Health and Economic Development Health - Poverty Trap, Human Development Trap and Economic Growth ; Health Education and Economic Development, the Productive Benefits of Health, Theory of Production of Health Care Unit III: Determinants of Health

Major Determinants of Poor Health, empirical evidence- Micro and Macro

Studies, Health Status Experience in India.

Unit IV: Public Policy on Health and Health Planning

Public Policy in Health Care Delivery- Role of State; Public & Private Expenditure in Health.

Select References:

Carrin Guy (1984): Economic Evaluation of Health Care in Developing Countries--- Theory and Applications, Croom Helm, London & Sydney. Preker, S. Alexander,Liu, Xinzhu et al. (2007): Public Ends, Private Means- -- Strategic Purchasing of Health Services, the World Bank, Washington, D.C. National Family Health Survey- 2nd Round, IIPS, Mumbai O’Donnell, O. et al.(2008): Analyzing Health Equity Using Household Survey Data—A Guide to Techniques and Their Implementation, the World Bank, Washington, D.C. Lopez-C, G., et al. (2005): Health and Economic Growth—

Findings and Policy Implications, the MIT Press, Cambridge

Paper 304 F. Resources & Environmental Economics I 100 Marks* Unit-I: The Economy and the Environment

Introduction, Interlinkages between the economy and the environment The first two laws of thermodynamics,Technical note: game theory, Incomplete Markets, Externalities, Non-exclusion and the commons,Non-rivalry and public goods,Non-convexities, Asymmetric information

Unit-II: Pollution taxes and Permits Efficiency properties of a tax on emissions Problems with pollution taxes The basic theory of tradable pollution permits Research issues in tradeable permit markets Trans-boundary pollution as a problem of international externalities Trans-boundary pollution and game theory

Unit-III: The Theory of Non market Valuation

Measures of economic value Valuing risk and ex ante measures of value Issues in non-market valuation Direct methods of valuation Indirect methods of valuation

Unit-IV: The Economics of Sustainable Development

Possible sustainability rules Indicators of sustainability The Common-Perrings model of sustainable development

SEMESTER IV

Paper 401 A. Economics of Rural Development & Planninng-II 100 Marks*

Unit I Agriculture and Economic Development Agricultural growth and economic development. Comparison of Growth Distribution of land holding, Five-Year Plans, Common Minimum Programme. Experiences. Unit II Agricultural Marketing and Agricultural Prices Market and marketing; marketing functions; Channels of distribution; Defects of agricultural marketing; Regulated Market and co-operative Marketing Price spread- Marketable surplus and marketed Surplus; Market Cost; Price spread and market efficiency; Agricultural Price Analysis and WTO. Unit III Rural Development Programmes and Policies Need for rural development polices, Goals of Rural Development Policy; Policy Instruments of Rural Development; Rural development programmes in India- PRI, IRDP, JRY, PMRY, SITRA, DWCRA, TRYSEM, MWS, SGSY, and NREGA. Identification, selection and formulation of development Projects; Implementation, Monitoring and Evaluation of Projects. Unit IV Rural Non Farm Activities Definition of rural non-farm activities and its importance in rural economies; Patterns of participation in rural non-farm activities in India and its determinants.

References:

1. Economics of Agriculture, A.A. Rane and A.C. Deorukhkar, Atlantic Publishers & Distributors (P) Ltd. New Delhi-27, 2007.

2. Rural Development- principals, Polices and Managements, Second Edition, Katar Singh, Sage Publications, New Delhi, 2004.

3. Indian Economy-Issues in Development, Planning and Sectoral Aspects, 3rd. edition Uma Kapila, Academic Foundation, New Delhi-2002.

4. Rural Development- Concepts approach and strategy, B.K. Prasad, Published by Sarup and Sons, New Delhi-02, 2003.

Paper 401 B. Economics of Financial Institutions-II 100 Marks*

Unit I Corporate Finance Unit II International Finance Unit III Financial Sector Reforms Unit IV National & International Financial Institutions

Paper 401 C. Labour Economics- II 100 Marks*

Unit I: Characteristics of the Indian Labour force: Wages and employment in

agriculture, Industry and services,

Unit II: Labor market discrimination: Race and Gender, Age in the Labor Market,

Employer Discrimination, Measuring discrimination; Child Labour

Unit III: Worker Classification: Organized/ unorganized work vis-à-vis formal/

informal work- SNA/ non-SNA activity classification- The time budget

survey method- Distinction between labourer and worker.Importance of the

Informal Sector.

Unit IV: Globalisation and The Labour Market: Structure And Characteristics, The

Asymmetric Distributions Of Productive Resources, Economic Growth And

Employment, Trade Growth And Employment

References Campbell, R.M. and S.L. Brue (1995): Contemporary Labour Economics, McGraw Hill, NY.

Marshall, F.R., V.M. Briggs, and A.G. King (1984): Labour Economics, Richard D. Irwin Inc. Homewood, Illinois.

George, J.B. (1996): Labour Economics, McGraw Hill,, NY.

Rees(1973): Economics of Work and Pay, Harper & Row

A.K. Sen(1999): Employment, Technology and Development, OUP Ghose, A.K.. N. Majid., & C Ernst ( 2008): The Global Employment Challenge, ILO &

AF

Paper 402 D. Statistics & Econometrics II 100 Marks*

Unit I: Analysis of variance

Definition – Purposes – assumptions – Linear Model – Specification of the model – Techniques of ANOVA: (a) one way (b) Two way (c) More than one observations per cell. Unit II: Design of Experiment

Definition – Terminology – principle of design – Fisher’s diagram – Analysis of the principles of design: Completely Randomized design (CRD) Randomized block design (RBD), Latin Square design (LSD) Unit III: Simultaneous Equation Model

- Simultaneous equation models – nature, bias.

- The identification problem

- Simultaneous equation methods

Unit IV: Time Series Analysis and Forecasting - Stationary, unit roots and Co-integration.

- Forecasting with ARIMA & VAR models.

- Econometric applications in India.

Paper 402 E. Health Economics II 100 Marks*

Unit I: Equity in Health Care Health Equity, Health Outcomes—Child Survival, Anthropometrics, Adult Health, Measurement of Living Standard; Socio- Economic Factors Relating to Health Inequality Unit II: Methods of Economic Evaluation of Health Care Measurements of Benefits and Costs, Problems Related to Benefit and Cost Measurement, Studying Cost-Benefit Analysis, Cost-Effectiveness Analysis, Multivariate Problem Analysis Unit III: Analysis of Health Data Health Information System and Censuses, Multi-attribute Problem Analysis, Multivariate Analysis of Health Survey Data Unit IV: Health Care Financing

Demand for Health care. Health care markets, Market for health insurance.

Supply side considerations, the market for health care professionals and

Hospital services Private provision in health and the globalization-

Experience in different countries

Select References:

Carrin Guy (1984): Economic Evaluation of Health Care in Developing Countries--- Theory and Applications, Croom Helm, London & Sydney. Preker, S. Alexander,Liu, Xinzhu et al. (2007): Public Ends, Private Means- -- Strategic Purchasing of Health Services, the World Bank, Washington, D.C. National Family Health Survey- 2nd Round, IIPS, Mumbai O’Donnell, O. et al.(2008): Analyzing Health Equity Using Household Survey Data—A Guide to Techniques and Their Implementation, the World Bank, Washington, D.C. Lopez-C, G., et al. (2005): Health and Economic Growth— Findings and Policy Implications, the MIT Press, Cambridge. Paper 402 F. Resources & Environmental Economics II 100 Marks* Unit-I: Economics of Natural Resources Elementary capital theory,The maximum principle of optimal control theory,The application of the maximum principle to specific fishery management problems,The discrete-time maximum principle and dynamic programming,Wiener processes, Ito’s processes and stochastic calculus, Natural resource type and classification, Measuring Resource Scarcity Unit-II: Economic Analysis of Non-Renewable Natural Resources Market structure and the exploitation of non-renewable resources,Production technology and extraction costs, Applying the theory, Government policy towards non-renewable resource taxation Uncertainty and the rate of resource extraction Unit-III: Economics of Renewable Natural Resources Population growth models -Static models of fishery exploitation in continuous time-Static economic models of fisheries -Comparative dynamic models of fishing Fisheries policy Applying the theory and the discrete-time model Extending the theoretical model Strategic behaviour in fishery management Fishing under uncertainty. Unit-IV: The Economics of Forestry Exploitation The principles of commercial forestry economics Multi-use forestry and the socially optimal forest rotation Forestry land use and agriculture Forest policies The optimal forest rotation under uncertainty

Paper 403 Economics of North East India with special reference to Tripura - 100 Marks

Unit I: Regional Economy & Human Resources Development

Features of the North-east Economy- Demographic and socio-economic features;

Human development: Status and trend in different states of the region;

Employment and unemployment- status, trends and composition; implications for

the development; Major Constraints to Development

Unit II: Natural Resources & Agriculture

Land distribution and land use pattern-its implication for development;

Methods of cultivation- Issues in agricultural productivity;

Forests, water and other mineral resources in the region- implication for

development

Unit III Infrastructure & Industry

Economic Infrastructure: power, road, communication and banking; infrastructure

deficiency and regional economic development;

Status and structure of industries- SSIs, Handlooms & Handicrafts; I

Industrial policy-North East Industrial and Investment Promotion Policy (NEIIPP)

2007

Unit IV Emerging Issues

Planning for development- objectives, allocation and thrust areas; achievements

and failures; role and achievement of NEC/DONER in economic development of

NER; Governance and development-government failure and its correction; local

self-government and development; Major Fiscal initiatives undertaken in recent

years; Participatory development; New development initiatives in NER, Vision

Document 2020; Look East Policy and the N.E. Region

Basic Reading List

1. Agarwal, A.K. (1987): Economic Problems and Planning in North East India, Sterling Publishers. 2. Alam, K. (ed.) (1993): Agricultural Development in North East India: Constraints and Prospects,

Deep and Deep, ND. 3. Banerjee and Kar (1999): Economic Planning and Development of North-Eastern States,

Kanishka, ND. 4. Dutta and Karna (eds.) (1987): Land Relations in North East India, People’s Publishing House,

ND. 5. Maithani, B.P. (1997): Local Self-Government in North-East India: An Appraisal, NIRD,

Hyderabad. 6. Menon, S. (ed.) (2007): India’s North East Economy-Problems and Prospects, ICFAI Univ. Press,

Hyd. 7. Mishra, B. (2006): Fiscal Policy in North-East India, Akansha Publishing House, ND. 8. Vision Document 2020, NEC, Shillong. www.necouncil.nic.in

Additional Reading List

1. Gopalakrishnan, R. (1995): The North-East India: Land, Economy and People, Har Anand Publications, Delhi.

2. http://WWW.neidatabank@hub.nic.in 3. http://WWW.nerdatabank@nic.in 4. Manpower Journal, Special Issue on North East, Vol.41, No. 2, April-June, 2006. 5. Mathew, T. (ed.) (1980): Tribal Economy of the North-East Region, Spectrum Publications,

Guwahati. 6. Mishra, S.K. (2000): Rural Development in the North Eastern Region: Constraints, Prospects and

PM's Package. Eastern Panorama, Vol.8, No. 5. 7. Nayak, P. (2005): Human Development in North East India, Journal of NEICSSR, Vol.29, No.1,

pp.1-9. 8. North East Data Bank, NEDFI, Guwahati. 9. North Eastern Council (2002): Basic Statistics, Meghalaya, Shillong. 10. Panda, B. (2000): “Rural-Non Farm Employment in India's North-East- Facts, Significance and

Policy Implications”, Journal of NEICSSR, Vol. 24, No. 1. 11. Sarma, Atul (……..): The North East as a Gateway to South East Asia-Big Dream and Home

Truths, Man & Development, Vol.28, No. 2 , July. 12. Srivastav, N. (2000): Survey of Research in Economics on North-East India 1970-1990, ICSSR,

NERC, Regency Publications, Delhi. 13. Srivastav, N. (2006): Industrial Development in the Northeastern States of India: The Case of

Service Industries, Journal of Industrial Economics, Vol.3, No.4, pp.60-69. 14. Thomas, E.D. (2007): Poverty and Inequality among the North-Eastern States during 1980s and

1990s in Dubey, Kharpuri and Thomas (eds.) Globalisation and North-East India, Standard Publishers, ND.

15. Umdor, S. (2006): “Overview of Rural Credit Markets in the Northeastern Region of India”, Journal of Rural Development, NIRD, Hyderabad, Vol. 25, No.3, pp.425-444.

16. Dialogue (2007): A Quarterly Journal of Astha Bharati, New Delhi, Vol.9, No.1. 17. Umdor, S. and B. Panda (2007): Economic Infrastructure in North East India- An Analysis, Man

and Development, Vol.29, No.1, pp.113-130.

Paper 404 Project/ Dissertation 100 Marks