SYLLABUS FOR B.A. [ECONOMICS] UNDER CHOICE BASE
CREDIT SYSTEM UNDER VINOBA BHAVE UNIVERSITY
HAZARIBAGH.
SYLLABUS OUTLINE FOR
B.A. ECONOMICS [HONS.]
Semester I Semester II
ECN – CC1: Micro Economics I ECN – CC3: Macro Economics I
ECN – CC2: Money and Banking ECN – CC4 Indian Economics
ECN – GE1: Elective Course ECN – GE2: Elective Course
ECN – AEC1: (Language Paper) ECN – AEC2: (Language Paper)
Semester III Semester IV
ECN – CC5: Micro Economics II ECN – CC8: Mathematical Methods for
ECN – CC6: Statistical Methods in Economics
Economics ECN – CC9: International Economics
ECN – CC7: Macro Economics II ECN – CC10: Economic Dev.& Policies in
ECN – GE3: Elective Course India
ECN – SEC1: Financial Economics ECN – GE4: Elective Course
ECN – SEC2: Data Analysis
Semester V Semester VI
ECN – CC11: Growth and ECN – CC13: Public Finance
Development ECN – CC14: Environmental Economics
ECN – CC12: History of Economic ECN – DSE3: Optional Paper III
Thought ECN – DSE4: Optional Paper IV
ECN – DSE1: Optional Paper I
ECN – DSE2: Optional Paper II
Students will opt for any one of the following groups as DSE Paper
(OPTIONAL PAPERS) Discipline Specific Elective (DSE)
GROUP A: Mathematical Economics (DSE – I & III) and Econometrics (DSE – II & IV).
GROUP B: Agricultural Economics (DSE – I & III) and Demography (DSE – II & IV).
GROUP C: Industrial Economics (DSE – I & III) and Financial Institutions (DSE – II &
IV).
1
,Outline of Choice Based Credit System:
1. Core Course: A course, which should compulsorily be studied by a candidate as a
core requirement is termed as a Core course.
2. Elective Course: Generally a course which can be chosen from a pool of courses
and which may be very specific or specialized or advanced or supportive to the
discipline/ subject of study or which provides an extended scope or which enables an
exposure to some other discipline/subject/domain or nurtures the candidate’s
proficiency/skill is called an Elective Course.
2.1 Discipline Specific Elective (DSE) Course: Elective courses may be offered
by the main discipline/subject of study is referred to as Discipline Specific
Elective. The University/Institute may also offer discipline related Elective
courses of interdisciplinary nature (to be offered by main discipline/subject of
study).
2.2 Dissertation/Project: An elective course designed to acquire
special/advanced knowledge, such as supplement study/support study to a
project work, and a candidate studies such a course on his own with an
advisory support by a teacher/faculty member is called dissertation/project.
2.3 Generic Elective (GE) Course: An elective course chosen generally from an
unrelated discipline/subject, with an intention to seek exposure is called a
Generic Elective.
P.S.: A core course offered in a discipline/subject may be treated as an elective
by other discipline/subject and vice versa and such electives may also be
referred to as Generic Elective.
3. Ability Enhancement Courses (AEC): The Ability Enhancement (AE) Courses may
be of two kinds: Ability Enhancement Compulsory Courses (AECC) and Skill
Enhancement Courses (SEC). “AECC” courses are the courses based upon the content
that leads to Knowledge enhancement; i. Environmental Science and ii. English/MIL
Communication.
These are mandatory for all disciplines. SEC courses are value-based and/or skill-
based and are aimed at providing hands-on-training, competencies, skills, etc.
3.1 Ability Enhancement Compulsory Courses (AECC): Environmental Science,
English Communication/MIL Communication.
3.2 Skill Enhancement Courses (SEC): These courses may be chosen from a
pool of courses designed to provide value-based and/or skill-based knowledge.
Introducing Research Component in Under-Graduate Courses
Project work/Dissertation is considered as a special course involving application of
knowledge in solving / analyzing /exploring a real life situation / difficult problem. A
Project/Dissertation work would be of 6 credits. A Project/Dissertation work may be
given in lieu of a discipline specific elective paper.
2
, Semester I
ECN: CC - I
Micro Economics – I
Full Marks - 80 Time - 3 Hrs
Candidates will have to answer four questions out of total of eight questions.
Question no. 1 will be compulsory, comprising 5 multiple choice questions of 2
marks each and 2 short answer questions carrying 5 marks each.
Unit I: Introduction
1.1: Subject Matter of Economics
1.2: Nature and Scope of Economics: Micro and macro Economics; Positive and
Normative Economics; Dynamic and Comparative Static Economics.
1.3: Methodology in Economics: Deductive and Inductive Methods.
1.4: Central Economic Problems: Scarcity and Choice; Production Possibility
Frontier [PPF].
Unit 2: Consumer Behaviour and Demand
2.1: Cardinal Utility Analysis: Total and marginal Utility; Law of Diminishing
Marginal Utility; Law of Equi-Marginal Utility; Consumer’s Equilibrium.
2.2: Ordinal Utility Analysis: Indifference Curves; Budget Constraints;
Consumer’s Equilibrium.
2.3: Price Effect: Substitution Effect [Hicks and Slutsky]; Income Effect.
2.4: Income Consumption Curve [ICC} and Price Consumption Curve [PCC};
Normal, Inferior and Giffen Goods.
2.5: Consumer’s Surplus: Marshall and Hicks.
2.6: Theory of Demand: Derivation of Demand Curve under Cardinal and
Ordinal Theories; Law of Demand; Factors Influencing Demand; Changes in
Demand and Engels’ Curve; Elasticity of Demand; Price; Income and Cross
Elasticities.
Unit 3: Theory of Production
3.1:Production Function: Short Run and Long Run.
3.2:Low of Variable Proportions;
3.3:Returns to Scale: Economies of Scale.
3.4:Cobb-Douglas Production Function: It’s Properties.
3.5: Isoquant Analysis; Iso-Cost Line; Producer’s Equilibrium; Production
Decision and Expansion Path.
Unit 4: Theory of Costs and Revenue
4.1: Concepts of Costs and their inter-relationship: Short Run and Long Run.
4.2: Concepts of Revenue and their inter-relationship; Break-Even Analysis.
3
, Semester I
ECN: CC - II
Money and Banking
Full Marks - 80 Time - 3 Hrs
Candidates will have to answer four questions out of total of eight questions.
Question no. 1 will be compulsory, comprising 5 multiple choice questions of 2
marks each and 2 short answer questions carrying 5 marks each.
Unit 1: Money
1.1: Money: Meaning and Function: Role of Money in Capitalistic, Socialistic
and Mixed Economies.
1.2: Quantity Theory of Money: Cash Transactions Approach and Cash Balance
Approach.
1.3: Keynesian Theory of Money and Prices.
Unit 2: Central Banking
2.1: Objectives, Functions and Limitations of Central Bank with reference of
RBI.
2.2: Supply of Money: Concept, Components and Aggregates; Money Multiplier.
2.3: Quantitative and Qualitative Methods of Credit Control.
2.4: Objectives, Functions and Limitations of Money Market: Developed and
Developing with special reference to India.
Unit 3: Commercial Banking
3.1: Meaning, Types, Functions and Principles of Commercial Banks.
3.2: Structure and Balance Sheet of a Commercial Bank; Assets and Liabilities.
3.3: Process of Credit Creation.
3.4: Commercial Banking in India: Evaluation of Banking Sector since
Independence; Critical Appraisal of Commercial Banking after
Nationalization; Recent Banking Reforms.
Unit 4: Financial Markets
4.1: Banking System; Bond Market; Foreign Exchange Market; Equity Market –
Concepts.
4.2: Introduction to the Concept of Derivatives.
4.3: Futures; Options; Call/Put.
4
CREDIT SYSTEM UNDER VINOBA BHAVE UNIVERSITY
HAZARIBAGH.
SYLLABUS OUTLINE FOR
B.A. ECONOMICS [HONS.]
Semester I Semester II
ECN – CC1: Micro Economics I ECN – CC3: Macro Economics I
ECN – CC2: Money and Banking ECN – CC4 Indian Economics
ECN – GE1: Elective Course ECN – GE2: Elective Course
ECN – AEC1: (Language Paper) ECN – AEC2: (Language Paper)
Semester III Semester IV
ECN – CC5: Micro Economics II ECN – CC8: Mathematical Methods for
ECN – CC6: Statistical Methods in Economics
Economics ECN – CC9: International Economics
ECN – CC7: Macro Economics II ECN – CC10: Economic Dev.& Policies in
ECN – GE3: Elective Course India
ECN – SEC1: Financial Economics ECN – GE4: Elective Course
ECN – SEC2: Data Analysis
Semester V Semester VI
ECN – CC11: Growth and ECN – CC13: Public Finance
Development ECN – CC14: Environmental Economics
ECN – CC12: History of Economic ECN – DSE3: Optional Paper III
Thought ECN – DSE4: Optional Paper IV
ECN – DSE1: Optional Paper I
ECN – DSE2: Optional Paper II
Students will opt for any one of the following groups as DSE Paper
(OPTIONAL PAPERS) Discipline Specific Elective (DSE)
GROUP A: Mathematical Economics (DSE – I & III) and Econometrics (DSE – II & IV).
GROUP B: Agricultural Economics (DSE – I & III) and Demography (DSE – II & IV).
GROUP C: Industrial Economics (DSE – I & III) and Financial Institutions (DSE – II &
IV).
1
,Outline of Choice Based Credit System:
1. Core Course: A course, which should compulsorily be studied by a candidate as a
core requirement is termed as a Core course.
2. Elective Course: Generally a course which can be chosen from a pool of courses
and which may be very specific or specialized or advanced or supportive to the
discipline/ subject of study or which provides an extended scope or which enables an
exposure to some other discipline/subject/domain or nurtures the candidate’s
proficiency/skill is called an Elective Course.
2.1 Discipline Specific Elective (DSE) Course: Elective courses may be offered
by the main discipline/subject of study is referred to as Discipline Specific
Elective. The University/Institute may also offer discipline related Elective
courses of interdisciplinary nature (to be offered by main discipline/subject of
study).
2.2 Dissertation/Project: An elective course designed to acquire
special/advanced knowledge, such as supplement study/support study to a
project work, and a candidate studies such a course on his own with an
advisory support by a teacher/faculty member is called dissertation/project.
2.3 Generic Elective (GE) Course: An elective course chosen generally from an
unrelated discipline/subject, with an intention to seek exposure is called a
Generic Elective.
P.S.: A core course offered in a discipline/subject may be treated as an elective
by other discipline/subject and vice versa and such electives may also be
referred to as Generic Elective.
3. Ability Enhancement Courses (AEC): The Ability Enhancement (AE) Courses may
be of two kinds: Ability Enhancement Compulsory Courses (AECC) and Skill
Enhancement Courses (SEC). “AECC” courses are the courses based upon the content
that leads to Knowledge enhancement; i. Environmental Science and ii. English/MIL
Communication.
These are mandatory for all disciplines. SEC courses are value-based and/or skill-
based and are aimed at providing hands-on-training, competencies, skills, etc.
3.1 Ability Enhancement Compulsory Courses (AECC): Environmental Science,
English Communication/MIL Communication.
3.2 Skill Enhancement Courses (SEC): These courses may be chosen from a
pool of courses designed to provide value-based and/or skill-based knowledge.
Introducing Research Component in Under-Graduate Courses
Project work/Dissertation is considered as a special course involving application of
knowledge in solving / analyzing /exploring a real life situation / difficult problem. A
Project/Dissertation work would be of 6 credits. A Project/Dissertation work may be
given in lieu of a discipline specific elective paper.
2
, Semester I
ECN: CC - I
Micro Economics – I
Full Marks - 80 Time - 3 Hrs
Candidates will have to answer four questions out of total of eight questions.
Question no. 1 will be compulsory, comprising 5 multiple choice questions of 2
marks each and 2 short answer questions carrying 5 marks each.
Unit I: Introduction
1.1: Subject Matter of Economics
1.2: Nature and Scope of Economics: Micro and macro Economics; Positive and
Normative Economics; Dynamic and Comparative Static Economics.
1.3: Methodology in Economics: Deductive and Inductive Methods.
1.4: Central Economic Problems: Scarcity and Choice; Production Possibility
Frontier [PPF].
Unit 2: Consumer Behaviour and Demand
2.1: Cardinal Utility Analysis: Total and marginal Utility; Law of Diminishing
Marginal Utility; Law of Equi-Marginal Utility; Consumer’s Equilibrium.
2.2: Ordinal Utility Analysis: Indifference Curves; Budget Constraints;
Consumer’s Equilibrium.
2.3: Price Effect: Substitution Effect [Hicks and Slutsky]; Income Effect.
2.4: Income Consumption Curve [ICC} and Price Consumption Curve [PCC};
Normal, Inferior and Giffen Goods.
2.5: Consumer’s Surplus: Marshall and Hicks.
2.6: Theory of Demand: Derivation of Demand Curve under Cardinal and
Ordinal Theories; Law of Demand; Factors Influencing Demand; Changes in
Demand and Engels’ Curve; Elasticity of Demand; Price; Income and Cross
Elasticities.
Unit 3: Theory of Production
3.1:Production Function: Short Run and Long Run.
3.2:Low of Variable Proportions;
3.3:Returns to Scale: Economies of Scale.
3.4:Cobb-Douglas Production Function: It’s Properties.
3.5: Isoquant Analysis; Iso-Cost Line; Producer’s Equilibrium; Production
Decision and Expansion Path.
Unit 4: Theory of Costs and Revenue
4.1: Concepts of Costs and their inter-relationship: Short Run and Long Run.
4.2: Concepts of Revenue and their inter-relationship; Break-Even Analysis.
3
, Semester I
ECN: CC - II
Money and Banking
Full Marks - 80 Time - 3 Hrs
Candidates will have to answer four questions out of total of eight questions.
Question no. 1 will be compulsory, comprising 5 multiple choice questions of 2
marks each and 2 short answer questions carrying 5 marks each.
Unit 1: Money
1.1: Money: Meaning and Function: Role of Money in Capitalistic, Socialistic
and Mixed Economies.
1.2: Quantity Theory of Money: Cash Transactions Approach and Cash Balance
Approach.
1.3: Keynesian Theory of Money and Prices.
Unit 2: Central Banking
2.1: Objectives, Functions and Limitations of Central Bank with reference of
RBI.
2.2: Supply of Money: Concept, Components and Aggregates; Money Multiplier.
2.3: Quantitative and Qualitative Methods of Credit Control.
2.4: Objectives, Functions and Limitations of Money Market: Developed and
Developing with special reference to India.
Unit 3: Commercial Banking
3.1: Meaning, Types, Functions and Principles of Commercial Banks.
3.2: Structure and Balance Sheet of a Commercial Bank; Assets and Liabilities.
3.3: Process of Credit Creation.
3.4: Commercial Banking in India: Evaluation of Banking Sector since
Independence; Critical Appraisal of Commercial Banking after
Nationalization; Recent Banking Reforms.
Unit 4: Financial Markets
4.1: Banking System; Bond Market; Foreign Exchange Market; Equity Market –
Concepts.
4.2: Introduction to the Concept of Derivatives.
4.3: Futures; Options; Call/Put.
4
