Vinayaka Mission University
Vinayaka Missions University (VMU) is a pioneering and vibrant school offering a multi-social experience with an atmosphere checked by the ideal congruity of living in differing qualities.
Years1
UNIT - 01
ROLE OF AGRICULTURE IN INDIAN ECONOMY - NATURE`S OF INDIA`S CULTURE -
CROPPING PATTERN IN INDIA
UNIT - 02
SHARE OF AGRICULTURE IN PLAN EXPENDITURE - DECLINARY INVESTMENTS IN
AGRICULTURE AND INCREASING SUB-SIDES
UNIT - 03
INDIAN AGRICULTURAL POLICY
UNIT - 04
TRENDS IN AGRICULTURAL PRODUCTION AND PRODUCTIVITY - LOW LEVELS OF
PRODUCTIVITY - CAUSES OF LOW PRODUCTIVITY
UNIT - 05
MEASURES TO EMERGE PRODUCTIVITY - INCREASING PRODUCTION AND
PRODUCTIVITY
UNIT - 06
TASKS BEFORE THE NINTH PLAN FARM SIZE AND PRODUCTIVITY
UNIT - 07
OBJECTIVES OF LAND REFORMS - AGRICULTURAL HOLDING IN INDIA - IRRIGATION -
FERTILIZERS - GREEN REVOLUTION - MODERN TECHNOLOGY VS. INSTITUTIONAL
REFORMS
UNIT - 08
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT - AGRICULTURAL
MARKETING - COOPERATIVE MARKETING
UNIT - 09
AGRICULTURAL PRICES AND AGRICULTURAL PRICE POLICY - TRENDS IN
AGRICULTURAL PRICE - NEED FOR AGRICULTURAL PRICE POLICY
UNIT - 10
AGRICULTURAL PRICE POLICY IN INDIA - EVALUATION OF GOVERNMENTS
AGRICULTURAL PRICE POLICY
UNIT - 11
FOOD SECURITY - PUBLIC DISTRIBUTION SYSTEM IN INDIA - DEFINITION OF
AGRICULTURAL LABOUR - GROWTH IN THE NUMBER OF AGRICULTURAL WORKS
UNIT - 12
AGRICULTURAL LABOURS CONDITIONS AND PROBLEMS OF AGRICULTURAL LABOURS
Vinayaka Missions University,Directorate of Distance Education
Salem India
MASTER OF ARTS IN ECONOMICS
1 Yr.
AGRICULTURAL ECONOMICS[MA(ECO)](2020201)
THE THEORETICAL BASIS OF TRADE - CLASSICAL THEORY - ADAM SMITH - RICARDO -
MILL
NEO-CLASSICAL THEORY - HABERLER`S OPPORTUNITY COST - TRADE IN DIFFERENT
CURVES - UPPER CURVES
MODERN THEORY - HECKSCHER OLIN THEOREM - FACTOR PRICE - PRICE
EQUALIZATION - THEOREM FACTOR - PRICES AND FACTORS REVERSALS
ECONOMIC GROWTH AND TRADE - GAINS FROM TRADE HICK`S MODEL - JOHNSON`S
MODEL - EMERGING GROWTH - TRANSPORT COST
MONOPOLY AND DUMPING - TERMS OF TRADE - INCREASE IN FACTOR ENDOWMENTS -
TECHNICAL PROGRESS AND TRADE CAPITAL MOVEMENTS AND GROWTH
TRADE POLICY - TARIFF - QUOTAS - THEORY OF THE SECOND BEST THEORY OF THE
CUSTOMS UNION CASE FOR PROTECTION - REGIONAL INTEGRATION - EEC
TRADE PROBLEMS OF DEVELOPING COUNTRIES - GATT AND TOKYO DECLARATIONS
VNCTAD - IMPORT SUBSTITUTION AND EXPORT PROMOTION
NEW INTERNATIONAL ECONOMIC ORDER - NORTH-SOUTH DIALOGUE - FOREIGN AID
BALANCE OF PAYMENTS - TRADE AND NATIONAL INCOME - FOREIGN TRADE
MULTIPLIER - MARKET FOR FOREIGN EXCHANGE - PURCHASING POWER PARTY
THEORY - FIXED AND FLEXIBLE EXCHANGE RATES - BALANCE OF PAYMENTS -
DISEQUILIBRIUM IN THE BALANCE OF PAYMENTS AND ADJUSTMENTS
MECHANISM DEVALUATION - ELASTICITY APPROACH - INCOME ABSORPTION APPROACH
- MONETARY APPROACH - EXCHANGE CONTROL - MEANS OF ACHIEVING - EXTERNAL
AND INTERNAL EQUILIBRIUM - FISCAL MONETARY SIZE
INTERNATIONAL MONETARY SYSTEMS - PROBLEMS OF INTERNATIONAL MONETARY
SYSTEMS - INTERNATIONAL LIQUIDITY - IMF - SDR - DOLLAR MARKET
INTERNATIONAL ECONOMICS(2020202)
PLANS FOR REFORM AND FUTURE OF THE INTERNATIONAL MONETARY SYSTEM
NATURE OF MACRO ECONOMICS - SCOPE AND IMPORTANCE OF MACRO ECONOMICS -
LIMITATIONS OF MACRO ECONOMICS.
THE CIRCULAR FLOW OF INCOME AND EXPENDITURE - THE CIRCULAR FLOW IN A
THREE SECTOR CLOSED ECONOMY.
SAYS LAW OF MARKETS - REPUDIATION OF SAYS LAW AND FULL EMPLOYMENT THESIS.
THEORIES OF CONSUMPTION FUNCTION - THE ABSOLUTE INCOME HYPOTHESIS, THE
RELATIVE INCOME HYPOTHESIS.
THE INVESTMENT FUNCTION - DETERMINANTS OF INVESTMENT - MEI AND MEC.
THE INVESTMENT MULTIPLIER - ASSUMPTIONS - LEAKAGE - CRITICISM OF MULTIPLIER.
THE PRINCIPLES OF ACCELARATION - ASSUMPTIONS - CRITICISM - THE SUPER -
MULTIPLIER.
IS - LM FUNCTION - GENERAL EQUILIBRIUM OF PRODUCT AND MONEY MARKETS.
INFLATION - MEANING -TYPES - DEMAND PULL, COST - PUSH INFLATION - CANSES OF
INFLATION.
THE PHILIPS CURVE - THE RELATION BETWEEN UNEMPLOYMENT AND INFLATION.
BUSINESS CYCLE - MEANING, TYPES OF CYCLES, PHASES OF BUSINESS CYCLE -
CANSES.
SAMUELSONS MODEL OF BUSINESS CYCLE - HICKS OF THE BUSINESS CYCLE.
REFERENCES:
1. G.ACKLEY, MACRO ECONOMIC THEORY.
2. EDWARD SHAPIRO, MACRO ECONOMIC ANALYSIS.
3. R.J. GORDEN, MACROECONOMICS.
4. M.L.JHINGAN, MACRO ECONOMIC THEORY.
5. H.L.AHUJA, MACRO ECONOMICS, THEORY AND POLICY.
MACRO ECONOMIC ANALYSIS(2020203)
THEORY OF CONSUMER BEHAVIOUR - MARSHALLIAN ANALYSIS - INDIFFERENCE
INCOME ANALYSIS - RELATED PREFERENCE APPROACH - SUPPLY AND DEMAND
ANALYSIS RELATION AMONG MARGINAL AVERAGE AND TOTAL MAGNITUDES
THEORY OF PRODUCTION AND COSTS - THEORY OF PRODUCTION PRICING
PURE COMPETITION - MONOPOLY - OLIGOPOLY - MONOPOLISTIC COMPETITION -
THEORY OF FUTURE PRICING - ELEMENTS OF ENUMERAL EQUILIBRANT THEORY
ELEMENTS OF OLD AND NEW WELFARE ECONOMICS - FEATURES AND RELEVANCE
COST ANALYSIS - CONCEPTS OF COSTS - OPPORTUNITY COST - DIRECT AND INDIRECT
COSTS - SHORT-RUN AND LONG RUN COST MINIMIZATION - MARKET STRUCTURE -
MARKET CLASSIFICATION - ELEMENTS OF DIFFERENT MARKETS - COMPETITIVE
MARKET EQUILIBRIUM IN SHORT-RUN AND LONG-RUN
MONOPOLY PRICE AND OUTPUT DECISION PRICE DISCRIMINATION - MULTIPLAN
MONOPOLY MEASURE OF MONOPOLY AND POWER EFFICIENCY - LOSS OF CONTROL OF
MONOPOLY - MONOPOLISTIC COMPETITION
EQUILIBRIUM SOLUTION - PRODUCT DIFFERENTIATION - SELLING COSTS - EXCESS
CAPACITY AND IDEAL OUTPUT EVALUATION
FACTOR MARKET - PERSONAL VS. FACTOR IN PURE COMPETITIVE MARKET FIRMS -
DEMAND FOR OUTPUT SINGLE VARIABLE - MANY VARIABLE CASES - MARKET DEMAND
DETERMINANTS OF PRICE ELASTICITY OF DEMAND - MARKET SUPPLY - BACKWARD
BENDING - LABOUR SUPPLY - INPUT PRICE DETERMINATION
WELFARE ECONOMICS - CRITERIA OF SOCIAL WELFARE COMMUNITY IN DIFFERENCE
CURVES PATH TO OPTIMALITY - MARKET FORMS AND WELFARE - PROBLEM OF
WELFARE MAXIMIZATIONS
THE THEORY OF CONSUMER BEHAVIOUR - UTILITY AND PREFERENCE ORDERING
BUDGET CONSTRAINS - CONSUMER EQUILIBRIUM - EFFECTS OF CHANGES IN PRICE
AND INCOME ON CONSUMER EQUILIBRIUM - EFFECTS OF CHANGES IN PRICE AND
INCOME ON CONSUMER BEHAVIOUR - DERIVATION OF DEMAND CASES (MARSHAL AND
MICRO ECONOMICS [M.A(ECO)](2020204)
HICKS) - REVEALED PREFERENCE HYPOTHESIS ABOUT LEISURE CHOICE
THEORY OF PRODUCTION - CHARACTERISTICS OF TECHNOLOGY - VARIATIONS IN
FACTOR PROPORTION - VARIATIONS IN SCALE - LINEAR HOMOGENEOUS PRODUCTION
FUNCTION - COBB-DOUGLAS AND PRODUCT FIRM
BASIC MATHEMATICAL CONCEPTS - NATURE OF QUANTITATIVE ANALYSIS IN THE
PRACTICE OF MANAGEMENT - PROBLEM DEFINITION - MODELS AND THEIR
DEVELOPMENT
CONCEPT OF TRADE OFF - NOTION OF CONSTANTS - VARIABLES AND FUNCTION -
LINEAR AND NON-LINEAR - SIMPLE EXAMPLES.
LINEAR PROGRAMMING - CONCEPTS OF OPTIMIZATION - FORMULATION OF DIFFERENT
TYPES OF LINEAR PROGRAMMING
DUALITY AND SENSITIVITY ANALYSIS FOR DECISION-MAKING
SOLVING LP USING GRAPHICAL AND SIMPLEX METHOD (ONLY SIMPLE PROBLEMS) -
INTERPRETING THE SOLUTION FOR DECISION-MAKING
OTHER TYPES OF LINEAR PROGRAMMING - TRANSPORTATION - FORMULATION AND
SOLVING METHODS.
THE NOTION OF PROBABILITY - CONCEPT OF EVENTS - PROBABILITY OF EVENTS
JOINT, CONDITIONAL AND MARGINAL PROBABILITIES.
SIMULATION AS AN AID TO DECISION-MAKING. ILLUSTRATION THROUGH SIMPLE
EXAMPLES OF DISCRETE EVENT SIMULATION.
EMPHASIS TO BE ON IDENTIFYING SYSTEM PARAMETER, VARIABLES, MEASURES OF
PERFORMANCE ETC.
DECISION THEORY - PAY-OFF AND LOSS TABLES - EXPECTED VALUE OF PAY-OFF -
EXPECTED VALUE OF PERFECT FORMATION - DECISION TREE APPROACH TO CHOOSE
OPTIMAL COURSE OF ACTION
CRITERIA FOR DECISION - MINI-MAX, MAXI-MAX, MINIMIZING MAXIMAL REGRET AND
THEIR APPLICATIONS
QUANTITATIVE METHODS(2030608)
Years2
NATIONAL INCOME - CONCEPTS - MEASUREMENTS - NATIONAL INCOME AND PRODUCT
ACCOUNT - BASIC CONCEPTS
THEORY OF INCOME AND EMPLOYMENT DETERMINATION
CLASSICAL KEYNESIAN - POST KEYNESIAN
INPUT-OUTPUT TABLES - FLOW OF FUND ANALYSIS
DEMAND FOR AND SUPPLY OF MONEY
PRICES AND INFLATION
FOREIGN TRADE - THEORY OF ECONOMIC POLICY
FOREIGN SECTOR AND THE BALANCE OF PAYMENT
INSTRUMENTS CRITERIA FOR ECONOMIC DEVELOPMENT
POLICIES FOR AGRICULTURAL AND INDUSTRIAL DEVELOPMENT - PRICE POLICY
SOCIAL ACCOUNTING AND ECONOMIC MODES MONETARY AND FISCAL POLICIES
HARROD DOMAR AND ONE-SECTOR - NEO-CLASSICAL GROWTH MODELS
MONEY - DEFINITION - NATURE - THEORETICAL AND EMPIRICAL DEFINITIONS OF MONEY
MONEY AND NEAR MONEY - INSIDE MONEY AND OUTSIDE MONEY - NEUTRALITY OF
MONEY SELECTED READINGS - EXERCISES
PATINTRIN`S INTEGRATION OF MONETARY THEORY AND VALUE THEORY
THE PIGOU EFFECT - DIFFERENCE BETWEEN THE PIGOU EFFECT AND THE READ
BALANCE EFFECTS - EXERCISES
THE KEYNESIAN THEORY OF MONEY AND PRICES -KEYNES REFORMULATED QUANTITY
THEORY OF MONEY - SUPERIORITY OF THE KEYNESIAN THEORY OVER THE
TRADITIONAL QUANTITY THEORY OF MONEY
CRITICISMS OF KEYNES THEORY OF MONEY AND PRICES
CENTRAL BANKING - FUNCTIONS AND CREDIT CONTROL - DEFINITION OF A CENTRAL
BANK - FUNCTIONS OF A CENTRAL BANK IN DEVELOPING ECONOMY
THE CLASSES OF THEORY OF INTEREST - THE LOANABLE FUNDS OF THEORY OF
INTEREST
KEYNES LIQUIDITY PREFERENCE THEORY OF INTEREST - LOANABLE FUNDS AND THE
KEYNESIAN THEORIES OF INTEREST
WAGE - PRICE ELIGIBILITY AND EMPLOYMENT - THE CLASSICAL VIEWS - KEYNES
CRITICISM OF THE CLASSICAL VIEW - THE KEYNESIAN VIEWS ON MONEY - WAGE
REDUCTIONS AND EMPLOYMENT - THE KEYNES EFFECT - ITS CRITICISM
THE PIGOU EFFECT AND ITS CRITICISM - DIFFERENCE BETWEEN THE PIGOU EFFECT
AND REAL BALANCE EFFECT
FLEXIBLE WAGE POLICY - FLEXIBLE MONETARY POLICY
2 Yr.
MONETARY ECONOMICS(2020206)
WELFARE ECONOMIC FUNCTIONS OF PUBLIC FINANCE - MULTIPLE THEORY OF PUBLIC
HOUSEHOLD
ALLOCATION - DISTRIBUTION AND STABILIZATION FUNCTIONS
PRIVATE GOODS - PUBLIC GOODS - MERIT GOODS - MARKET FAILURES -
EXTERNALITIES - EFFICIENCY RULES FOR THE PROVISION OF PRIVATE AND PUBLIC
GOODS - SECOND BEST ECONOMY
THEORY AND PRACTICE OF PUBLIC EXPENDITURE - CANONS OF PUBLIC EXPENDITURE -
PURE THEORY OF PUBLIC EXPENDITURE - PIGOU - LINDAHL - SAMELSON - MUSGRAVE
EVALUATION OF PUBLIC EXPENDITURE - COST BENEFIT ANALYSIS - FIXED AND
VARIABLE BUDGET - LONG-TERM PROJECTS AND THE NEED FOR DISCOUNTING - RISK
AND UNCERTAINLY IN PUBLIC INVESTMENT DECISIONS
STRUCTURE AND GROWTH OF THE EXPENDITURE OF THE GOVERNMENT OF INDIA AND
GOVERNMENT OF TAMIL NADU.
TAXATION - DEFINITION - CANONS - OBJECTS - STRUCTURE OF TAXATION - WILLIAMSON
- HORICHS - MUSGRAVE - LUTZ - CHELLAIH ROLE AND EFFECTS OF TAXATIONS ON
GROWTH AND DISTRIBUTION OF INCOME - PRINCIPLES OF TAXATION - FISCAL
NEUTRALITY
DOCTRINE OF EXCESS BURDEN - EQUITY - BENEFIT - EQUAL SACRIFICE AND EQUITY -
THEORETICAL BACKGROUND FOR PROGRESSIVE TAXATION - SHIFTING AND INCIDENCE
OF TAXATION - TRADITIONAL AND MODERN ANALYSIS - DYNAMIC INCIDENCE
TAX REFORMS IN INDIA - KALDOR - WANCHOO - K.N. RAJ - CHOKSHI - L.K. JHA -
COMMITTEES RECOMMENDATION
PUBLIC DEBT - CLASSICAL - KEYNESIAN AND POST KEYNESIAN VIEWS - TECHNIQUES OF
BORROWING - MANAGEMENT - BURDEN EFFECTS - REDEMPTION
PUBLIC DEPT OF THE GOVERNMENT OF INDIA - DEFICIT FINANCINGS - CONCEPTUAL
DIFFERENCE IN USA-UK AND INDIA - EXTENT - EFFECT AND ROLE AS A TOOL OF
FINANCING FIVE YEAR LOANS - BUDGET - COORDINATION IN INDIA
FISCAL ECONOMICS(2020207)
FISCAL POLICY - OBJECTIVES - TOOLS AND TECHNIQUES - FISCALISTS VS. MONETARIST
- ITS ROLE IN DEVELOPED AND DEVELOPING COUNTRIES
THEORY OF FISCAL FEDERALISM - FEDERAL FINANCE IN INDIA - RECOMMENDATIONS
OF FINANCE COMMISSIONS - DR. P.V. RAJAMAMMAR COMMITTEE`S REPORT
CHARACTERISTICS OF MODERN ECONOMIC GROWTH AND INTER-RELATIONS - DIVERSE
STRUCTURES AND COMMON CHARACTERISTICS OF DEVELOPING COUNTRIES
GROWTH MODELS - MEANING AND FEATURES
GROWTH THEORIES - THE CLASSICAL MODEL AND ITS RELEVANCE
ROLE OF CAPITAL IN ECONOMIC DEVELOPMENT, FACTORS, AFFECTING SUPPLY AND
DEMAND FOR MARX`S THEORY OF ECONOMIC DEVELOPMENT - THE PRODUCTION
PROCESS AND SOCIAL EVOLUTION - CRITIQUE OF MARX`S THEORY
THE SCHUMPETERIAN THEORY OF DEVELOPMENT - STAGNATION THESIS
POST WAR GROWTH THEORIES - DOMAR`S MODEL - HARROD`S MODEL - CONDITIONS
REQUIRED FOR STEADY GROWTH - COMPARISON - CRITICAL EVALUATION - THE NEOCLASSICAL
THEORY OF GROWTH MODELS
THE THEORY OF BALANCED GROWTH - MEANING AND LOGICAL BASIS OF BALANCED
GROWTH DOCTRINE - CRITICAL EVALUATION - PAUL ROSENSTEIN RODAN`S BIG PUSH
THEORY - HARVEY LEIBENSEIN`S CRITICAL MINIMUM EFFORT THESIS
RICHARD NELSON LOW LEVEL EQUILIBRIUM TRAP - HIRSCHMAN`S STRATEGY OF
UNBALANCED GROWTH - W.W. ROSTOW`S STAGES OF ECONOMIC GROWTH
ROLE OF CAPITAL IN ECONOMIC DEVELOPMENT - FACTORS - AFFECTING SUPPLY AND
DEMAND FOR CAPITAL FORMATION - MEASURES TO STEP UP CAPITAL FORMATION -
DETERMINANTS OF ECONOMIC DEVELOPMENT
TECHNOLOGICAL CHANGE AND DEVELOPMENT - LABOUR INTENSIVE VS. CAPITAL
INTENSIVE TECHNOLOGY - APPROACH TO TECHNICAL PROGRESS - HICKS AND HARROD
TRANSFER OF TECHNOLOGY - PRODUCTIVITY - TOTAL PRODUCTIVITY AND PARTIAL
PRODUCTIVITY - MEASUREMENT - KENDRICK - DOMAR AND SOLOW
OBJECTIVE AND STRATEGY OF PLANNING - TYPES OF PLANNING - INDIAN PLAN MODELS
- TARGETS - ACHIEVEMENTS AND PERFORMANCE OF INDIAN PLANS - A CRITICAL
ECONOMICS OF GROWTH AND DEVELOPMENT(2020208)
REVIEW OF REGIONAL INEQUALITY IN INDIA - POLICY FOR UNBALANCED REGIONAL
NATURE AND SCOPE OF ENVIRONMENTAL ECONOMICS - ENVIRONMENTAL QUALITY AS
A PUBLIC GOOD - THE ENVIRONMENT AND THE ECONOMY
BASIS THEORY OF ENVIRONMENTAL ECONOMICS - MARKET FAILURE AND EXTERNALITY
- MAXIMUM SOCIAL WELFARE - PERFECT COMPETITION
ENVIRONMENTAL ECOLOGY - NATURE AND CHARACTERISTICS - ECOLOGICAL BALANCE
- ECOLOGICAL CRISIS
NATURAL RESOURCE ECONOMICS - NEED FOR CONSERVATION OF FUNDAMENTAL
RESOURCE - MINERALS - WATER CONSERVATION - SOIL CONSERVATION - ECOLOGICAL
VS. DEVELOPMENT DEBATE - FOREST AND ENVIRONMENTAL QUALITY
MAN AND ENVIRONMENT RELATIONSHIP - POPULATION GROWTH AND ENVIRONMENTAL
DETERIORATION - EFFECTS OF OVER POPULATION
URBANIZATION - PROBLEMS AND IMPACT - EFFECTS OF URBANIZATION - REMEDIES
ENVIRONMENTAL PROBLEMS OF SLUMS - PUBLIC HOUSING AND ENVIRONMENT
ENVIRONMENTAL IMPACT - METHODOLOGICAL PROCEDURE - IMPACT OF
INDUSTRIALIZATION - URBANIZATION - TRANSPORTATION PROJECT - AGRICULTURAL
PROGRAMMES
POLLUTION CONTROL AND ENVIRONMENTAL PROTECTION
ENVIRONMENTAL EDUCATION - LAW AND ENVIRONMENT - ENVIRONMENTAL
MANAGEMENT - GOVERNMENT AND NON-GOVERNMENTAL PROGRAMMES FOR
ENVIRONMENTAL MANAGEMENT
INDIA`S ENVIRONMENTAL POLICY AND PERFORMANCE - ENVIRONMENTAL ISSUES
INTERNATIONAL ENVIRONMENTAL POLICY - FOREIGN TRADE AND ENVIRONMENT -
GLOBAL WARMING AND GREEN HOUSE EFFECT - STOCK HOLM AND BIO-DECLARATION
ENVIRONMENTAL ECONOMICS(2020209)
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