KANNUR UNIVERSITY
(Abstract)
MA Economics Course Under the School of Distance Education – Scheme, Syllabus and
Model Question Papers - Implemented with effect from 2011 Admission - Orders issued.
ACADEMIC BRANCH
U.O No.Acad/C1/5428/2011 K.U. Campus, Dated, - 11-2011
Read:1 Regulations for Post Graduate Programmes in affiliated colleges implemented with
effect from 2001 admission.
2. Minutes of the meeting of the Boards of Studies in Economics (PG) held on 19-10-
2011.
3. Letter dated 25-10-2011from the Chairman Board of Studies in Economics (PG).
ORDER
1.As per the paper read (1) above the regulations for PG Programmes in affiliated colleges
has been implemented with effect from 2001 admission.
2. As per the paper read (2) above the meeting of the Board of Studies in Economics (PG )
finalized the Scheme ,Syllabus and Model Question Papers for MA Economics Course under
the School of Distance Education in annual pattern with effect from 2011 admission .
3. As per paper read( 3) above , Chaiman Board of Studies in Economics (PG) has forwarded
the finalized copy of the Scheme Syllabus and Model Question Papers of M.A. Economics
Course under the School of Distance Education for implementation with effect from 2011
admission.
4. The Vice Chancellor after considering the matter in detail and in exercise of the powers of
Academic Council conferred under section 11 (1) of Kannur University Act 1996 and all
other enabling provisions read together with has accorded sanction to implement the Scheme
Syllabus and Model Question Papers of M.A. Economics Course under the School of Distance
Education with effect from 2011 admission subject to report to the Academic Council.
5.Orders are therefore issued accordingly.
6.The implemented Scheme, Syllabus & Model Question Papers are appended.
To
The School of Distance Education. REGISTRAR
Copy to :
1. The Examination Branch (through PA to CE).
2. The Chairman BOS in Economics (PG)
3 PS to VC/PA to PVC /PA to R/ PA to CE.
4.DR/AR1(Acad). . .
5.SF/DF/FC.
, KANNUR UNIVERSITY
MA PROGRAMME IN ECONOMICS UNDER SDE
SCHEME & SYLLABUS
Date of Effect : 2011 Admission
Code Name of Core/Compulsory Courses Marks
ECC01 Micro Economics 150
ECC02 Macro Economics 150
Quantitative Methods for Economic
Previous
ECC03 Analysis 150
ECC04 Development Issues of Indian Economy 150
ECC05 Environmental Economics 150
ECC06 Development Economics 150
ECC07 International Economics 150
ECC08 Public Economics 150
ECC09 Econometrics 150
ECC10 Financial Markets Final 150
Total 1500
1
, KANNUR UNIVERSITY
M.A ECONOMICS PROGRAMME UNDR SDE
ECC01 - MICROECONOMICS
Module-1
Theory of consumer choice-1: Individual behaviour in the face of risk and uncertainty:
Risk and uncertainty in demand choices – contingent consumption – utility functions, probability
distribution and expected utility – measuring risk – risk aversion and risk preference – choice
between insurance and gambling with different shapes of the utility function – risk spreading –
Neumann-Morgenstern method of constructing utility index – Friedman-Savage hypothesis –
trade off between risk and return – the investor’s choice problem: household portfolio decisions
under conditions of uncertainty – reducing risks and uncertainty – benefits of diversification – risk
aversion and indifference curves – the mean-variance analysis.– the state preference theory.
Reference:
1. Dominick Salvatore, Microeconomics: Theory and Applications, Oxford University Press,
2003, Chapter-6.
2. Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics, Prentice Hall of India, 2003,
Chapter-5.
3. Hal R. Varian, Intermediate Microeconomics: A Modern Approach, Affiliated East West
Press, Delhi, 2000, Chapter-12.
4. Jack Hirshleifer, Amihai Glazer and David Hirshleifer, Price Theory and Applications:
Decisions, Markets and Information, Cambridge University Press, 2005, Chapter-11.
5. David M. Kreps, Microeconomics for Managers, W.W. Norton & Co., London, 2004,
Chapter-15.
6. James M. Henderson and Richard E. Quandt, Microeconomic Theory: A Mathematical
Approach, Tata McGraw-Hill Publishing Co. Ltd., New Delhi, 2003, Chapter-3.
7. William J. Baumol, Economic Theory and Operations Analysis, Prentice Hall of India Pvt.
Ltd., 2000, Chapter-17
8. Walter Nicholson, Microeconomic Theory: Basic Principles and Extensions, The Dryden
Press, Orlando, 1992, Chapter-9.
9. H.A. John Green, Consumer Theory, Mac Millan, 1976, Chapters-13, 14 and 15.
10. David Laidler, Introduction to Microeconomics, Heritage Publishers, New Delhi, 1981,
Chapter-7.
11. Robert Y. Awh, Microeconomics: Theory and Applications, John Wiley and Sons, 1976,
Chapter-3.
12. David Begg, Stanley Fisher and Rudiger Dornbusch, Economics, Mc Graw-Hill Publishing
Company, 1994, Chapter-14.
13. Richard G. Lipsey and K. Alec Chrystal, Principles of Economics, Oxford University
Press, 1999, Chapter-12.
Module-2
Theory of consumer choice-II: Recent developments in the theory of market demand:
Attribute theory of demand: maximizing satisfaction from attributes – attribute approach and the
law of demand – implicit prices – intertemporal choice: the intertemporal budget constraint,
indifference map and optimal choice of consumption – Hick’s logical ordering theory of demand
– pragmatic approach to demand analysis – constant elasticity demand function – distributed lag
models of demand – Nerlove’s model – Houthakker’s and Taylor’s model – linear expenditure
systems.
2
, Reference:
1. Walter Nicholson, Microeconomic Theory: Basic Principles and Extensions, The Dryden
Press, Orlando, 1992, Chapters-6, 7.
2. Jack Hirshleifer, Amihai Glazer and David Hirshleifer, Price Theory and Applications:
Decisions, Markets and Information, Cambridge University Press, 2005, Chapter-5;
Chapter 15 for supplementary reading.
3. Hicks, A Revision of Demand Theory, Oxford University Press, 1956.
4. Koutsoyiannis A, Modern Microeconomics, Mac Millan, 1979, Chapter-2.
5. James M. Henderson and Richard E. Quandt, Microeconomic Theory: A Mathematical
Approach, Tata McGraw-Hill Publishing Co. Ltd., New Delhi, 2003, Chapter-3 (Also,
chapter-12 for supplementary reading).
6. Robert H. Frank, Microeconomics and Behaviour, Irwin Mc. Graw Hill, 2000, Chapter-5.
7. Robert Y. Awh, Microeconomics: Theory and Applications, John Wiley and Sons, 1976,
Chapter-21 (for supplementary reading).
8. David Laidler, Introduction to Microeconomics, Heritage Publishers, New Delhi, 1981,
Chapter-8.
Module-3
Theory of production: Production function – homogeneous production function – Cobb-
Douglas production function – CES production function – fixed coefficient production function –
technical progress and production function – equilibrium of the multiproduct firm in terms of the
production-possibility curve and isorevenue curve – elasticity of substitution – linear programming
maximization problem (both graphic and simplex methods) – dual problem: its formulation and
economic interpretation – input-output analysis and its application.
Reference:
1. James M. Henderson and Richard E. Quandt, Microeconomic Theory: A Mathematical
Approach, Tata McGraw-Hill Publishing Co. Ltd., New Delhi, 2003, Chapters-5, 10.
2. William J. Baumol, Economic Theory and Operations Analysis, Prentice Hall of India Pvt.
Ltd., 2000, Chapters-5, 6, 22.
3. Walter Nicholson, Microeconomic Theory: Basic Principles and Extensions, The Dryden
Press, Orlando, 1992, Chapters-11, 17.
4. Koutsoyiannis, Modern Microeconomics, Mac Millan, 1979, Chapters-3, 20
5. Donald Stevenson Watson and Malcolm Getz, Price Theory and its Uses, AITBS
Publishers and Distributors, Delhi, 1996, Chapter-12.
6. Robert Y. Awh, Microeconomics: Theory and Applications, John Wiley and Sons, 1976,
Chapter-8, 20.
Module-4
Duopoly and Oligopoly: Characteristics of duopoly and oligopoly – interdependence and
indeterminateness of demand curve under oligopoly – collusive and non-collusive models –
Cournot’s model – Edgeworth’s model – Bertrand’s model – Chamberlin’s model – Stackelberg’s
model – Sweezy’s kinked-demand model – price leadership models of low-cost price leader,
dominant firm price leader and barometric price leadership – cartels aiming at joint profit
maximization and market sharing cartels – welfare effects of oligopoly.
Reference:
1. Edwin Mansfield & Gary Yohe, Microeconomics, W.W.Norton & Co., 2004, Chapter-13.
2. Dominick Salvatore, Microeconomics: Theory and Applications, Oxford University Press,
2003, Chapter-11.
3. A. Koutsoyiannis, Modern Microeconomics, Mac Millan, 1979, Chapters 9, 10.
3
(Abstract)
MA Economics Course Under the School of Distance Education – Scheme, Syllabus and
Model Question Papers - Implemented with effect from 2011 Admission - Orders issued.
ACADEMIC BRANCH
U.O No.Acad/C1/5428/2011 K.U. Campus, Dated, - 11-2011
Read:1 Regulations for Post Graduate Programmes in affiliated colleges implemented with
effect from 2001 admission.
2. Minutes of the meeting of the Boards of Studies in Economics (PG) held on 19-10-
2011.
3. Letter dated 25-10-2011from the Chairman Board of Studies in Economics (PG).
ORDER
1.As per the paper read (1) above the regulations for PG Programmes in affiliated colleges
has been implemented with effect from 2001 admission.
2. As per the paper read (2) above the meeting of the Board of Studies in Economics (PG )
finalized the Scheme ,Syllabus and Model Question Papers for MA Economics Course under
the School of Distance Education in annual pattern with effect from 2011 admission .
3. As per paper read( 3) above , Chaiman Board of Studies in Economics (PG) has forwarded
the finalized copy of the Scheme Syllabus and Model Question Papers of M.A. Economics
Course under the School of Distance Education for implementation with effect from 2011
admission.
4. The Vice Chancellor after considering the matter in detail and in exercise of the powers of
Academic Council conferred under section 11 (1) of Kannur University Act 1996 and all
other enabling provisions read together with has accorded sanction to implement the Scheme
Syllabus and Model Question Papers of M.A. Economics Course under the School of Distance
Education with effect from 2011 admission subject to report to the Academic Council.
5.Orders are therefore issued accordingly.
6.The implemented Scheme, Syllabus & Model Question Papers are appended.
To
The School of Distance Education. REGISTRAR
Copy to :
1. The Examination Branch (through PA to CE).
2. The Chairman BOS in Economics (PG)
3 PS to VC/PA to PVC /PA to R/ PA to CE.
4.DR/AR1(Acad). . .
5.SF/DF/FC.
, KANNUR UNIVERSITY
MA PROGRAMME IN ECONOMICS UNDER SDE
SCHEME & SYLLABUS
Date of Effect : 2011 Admission
Code Name of Core/Compulsory Courses Marks
ECC01 Micro Economics 150
ECC02 Macro Economics 150
Quantitative Methods for Economic
Previous
ECC03 Analysis 150
ECC04 Development Issues of Indian Economy 150
ECC05 Environmental Economics 150
ECC06 Development Economics 150
ECC07 International Economics 150
ECC08 Public Economics 150
ECC09 Econometrics 150
ECC10 Financial Markets Final 150
Total 1500
1
, KANNUR UNIVERSITY
M.A ECONOMICS PROGRAMME UNDR SDE
ECC01 - MICROECONOMICS
Module-1
Theory of consumer choice-1: Individual behaviour in the face of risk and uncertainty:
Risk and uncertainty in demand choices – contingent consumption – utility functions, probability
distribution and expected utility – measuring risk – risk aversion and risk preference – choice
between insurance and gambling with different shapes of the utility function – risk spreading –
Neumann-Morgenstern method of constructing utility index – Friedman-Savage hypothesis –
trade off between risk and return – the investor’s choice problem: household portfolio decisions
under conditions of uncertainty – reducing risks and uncertainty – benefits of diversification – risk
aversion and indifference curves – the mean-variance analysis.– the state preference theory.
Reference:
1. Dominick Salvatore, Microeconomics: Theory and Applications, Oxford University Press,
2003, Chapter-6.
2. Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics, Prentice Hall of India, 2003,
Chapter-5.
3. Hal R. Varian, Intermediate Microeconomics: A Modern Approach, Affiliated East West
Press, Delhi, 2000, Chapter-12.
4. Jack Hirshleifer, Amihai Glazer and David Hirshleifer, Price Theory and Applications:
Decisions, Markets and Information, Cambridge University Press, 2005, Chapter-11.
5. David M. Kreps, Microeconomics for Managers, W.W. Norton & Co., London, 2004,
Chapter-15.
6. James M. Henderson and Richard E. Quandt, Microeconomic Theory: A Mathematical
Approach, Tata McGraw-Hill Publishing Co. Ltd., New Delhi, 2003, Chapter-3.
7. William J. Baumol, Economic Theory and Operations Analysis, Prentice Hall of India Pvt.
Ltd., 2000, Chapter-17
8. Walter Nicholson, Microeconomic Theory: Basic Principles and Extensions, The Dryden
Press, Orlando, 1992, Chapter-9.
9. H.A. John Green, Consumer Theory, Mac Millan, 1976, Chapters-13, 14 and 15.
10. David Laidler, Introduction to Microeconomics, Heritage Publishers, New Delhi, 1981,
Chapter-7.
11. Robert Y. Awh, Microeconomics: Theory and Applications, John Wiley and Sons, 1976,
Chapter-3.
12. David Begg, Stanley Fisher and Rudiger Dornbusch, Economics, Mc Graw-Hill Publishing
Company, 1994, Chapter-14.
13. Richard G. Lipsey and K. Alec Chrystal, Principles of Economics, Oxford University
Press, 1999, Chapter-12.
Module-2
Theory of consumer choice-II: Recent developments in the theory of market demand:
Attribute theory of demand: maximizing satisfaction from attributes – attribute approach and the
law of demand – implicit prices – intertemporal choice: the intertemporal budget constraint,
indifference map and optimal choice of consumption – Hick’s logical ordering theory of demand
– pragmatic approach to demand analysis – constant elasticity demand function – distributed lag
models of demand – Nerlove’s model – Houthakker’s and Taylor’s model – linear expenditure
systems.
2
, Reference:
1. Walter Nicholson, Microeconomic Theory: Basic Principles and Extensions, The Dryden
Press, Orlando, 1992, Chapters-6, 7.
2. Jack Hirshleifer, Amihai Glazer and David Hirshleifer, Price Theory and Applications:
Decisions, Markets and Information, Cambridge University Press, 2005, Chapter-5;
Chapter 15 for supplementary reading.
3. Hicks, A Revision of Demand Theory, Oxford University Press, 1956.
4. Koutsoyiannis A, Modern Microeconomics, Mac Millan, 1979, Chapter-2.
5. James M. Henderson and Richard E. Quandt, Microeconomic Theory: A Mathematical
Approach, Tata McGraw-Hill Publishing Co. Ltd., New Delhi, 2003, Chapter-3 (Also,
chapter-12 for supplementary reading).
6. Robert H. Frank, Microeconomics and Behaviour, Irwin Mc. Graw Hill, 2000, Chapter-5.
7. Robert Y. Awh, Microeconomics: Theory and Applications, John Wiley and Sons, 1976,
Chapter-21 (for supplementary reading).
8. David Laidler, Introduction to Microeconomics, Heritage Publishers, New Delhi, 1981,
Chapter-8.
Module-3
Theory of production: Production function – homogeneous production function – Cobb-
Douglas production function – CES production function – fixed coefficient production function –
technical progress and production function – equilibrium of the multiproduct firm in terms of the
production-possibility curve and isorevenue curve – elasticity of substitution – linear programming
maximization problem (both graphic and simplex methods) – dual problem: its formulation and
economic interpretation – input-output analysis and its application.
Reference:
1. James M. Henderson and Richard E. Quandt, Microeconomic Theory: A Mathematical
Approach, Tata McGraw-Hill Publishing Co. Ltd., New Delhi, 2003, Chapters-5, 10.
2. William J. Baumol, Economic Theory and Operations Analysis, Prentice Hall of India Pvt.
Ltd., 2000, Chapters-5, 6, 22.
3. Walter Nicholson, Microeconomic Theory: Basic Principles and Extensions, The Dryden
Press, Orlando, 1992, Chapters-11, 17.
4. Koutsoyiannis, Modern Microeconomics, Mac Millan, 1979, Chapters-3, 20
5. Donald Stevenson Watson and Malcolm Getz, Price Theory and its Uses, AITBS
Publishers and Distributors, Delhi, 1996, Chapter-12.
6. Robert Y. Awh, Microeconomics: Theory and Applications, John Wiley and Sons, 1976,
Chapter-8, 20.
Module-4
Duopoly and Oligopoly: Characteristics of duopoly and oligopoly – interdependence and
indeterminateness of demand curve under oligopoly – collusive and non-collusive models –
Cournot’s model – Edgeworth’s model – Bertrand’s model – Chamberlin’s model – Stackelberg’s
model – Sweezy’s kinked-demand model – price leadership models of low-cost price leader,
dominant firm price leader and barometric price leadership – cartels aiming at joint profit
maximization and market sharing cartels – welfare effects of oligopoly.
Reference:
1. Edwin Mansfield & Gary Yohe, Microeconomics, W.W.Norton & Co., 2004, Chapter-13.
2. Dominick Salvatore, Microeconomics: Theory and Applications, Oxford University Press,
2003, Chapter-11.
3. A. Koutsoyiannis, Modern Microeconomics, Mac Millan, 1979, Chapters 9, 10.
3
