Shivaji University, Kolhapur

Master of Arts (MA Economics), Shivaji University, Kolhapur

Mode of Learning:

Full Time

Course Level:

Masters Degree

Course Duration:

2 Years
 
 

Eligibility:

Graduation.

Course Description:

Shivaji University, Kolhapur is offering Master of Arts (MA Economics). In this section, learn about the Master of Arts (MA Economics) course at Shivaji University, Kolhapur

Semester I

Paper I MICRO ECONOMIC ANALYSIS
- Unit-1. Introduction, Basic Concepts and Demand Analysis
(A) Deductive and Inductive Methods of Analysis; Positive and Normative Economics; characteristics of Equilibrium and Disequilibrium Systems.
(B) Indifference curve (income and substitution effects, Slutsky theorem, compensated demand curve) and their applications; Revealed preference theory;
(C) Revision of demand theory by Hicks

- Unit-2. Theory of Production and Costs
(A) Least cost combination of inputs; Multi-product firm; Elasticity of substitution; Euler's theorem;
(B) Cobb-Douglas, CES, VES and Translog production functions and their properties;
(C) Traditional and modern theories of costs

- Unit-3. Price and Output Determination
(A) Monopolistic competition – general and Chamberlin approaches to equilibrium, equilibrium of the firm and the group
(B) 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) models;
(C) Price and output determination under monopsony and bilateral monopoly.

- Unit-4. Alternative Theories of the Firm and Distribution
(A) Critical evaluation of marginal analysis; Baumol's sales revenue maximization model; Williamson's model of managerial discretion; Marris model of managerial enterprise; Full cost pricing rule; Bain's limit pricing theory
(B) Neo-classical approach – Marginal productivity theory; Product exhaustion theorem;
(C) Elasticity of technical substitution, technical progress and factor shares.

Paper II MONETARY ECONOMICS
- Unit-1. Evolution of Money and Supply of Money
(A) Stock & Flow concept of money – Functions of Money – Liquid and illiquid asset – Money and capital. Constituents –
(B) Behaviourial model of money supply determination, demand determined supply of money,; Measurement – Base Money and Reserve Money – High power money – Money multiplier –
(C) Monetary targeting – Inflation targeting – Interest rate targeting – Factors affecting money supply.

- Unit-2. Demand for money
(A) Approaches – Cash transaction and cash balance –
(B) Liquidity preference
(C) Milton Friedman and Don Patinkin's contribution.

- Unit-3. Classical and Keynesian income determination theories and Rate of Interest
(A) Consumption function – Multiplier – Acceleration – super multiplier – Investment function.
(B) Rate of interest and macro economic equilibrium and employment equilibrium – IS-LM Model
(C) Determinants of rate of interest – Interest rate modeling – Term structure of Interest rates

- Unit-4. Monetary and non-monetary theories of inflation and Stabilization Policy
(A) Phases of trade cycle
(B) Theories of trade cycle: Hawtrey, Hayek, Schumpeter, and Keynes – Anticyclical policy. Objectives and limitations –
(C) Stabilization policy: objectives and limitations.

Semester II

Paper I PUBLIC ECONOMICS
- Unit-1: Role of Government
- Unit-2: Public Choice and Public Policy
- Unit-3: Public Expenditure
- Unit-4: Taxation and Public Debt

Paper II ECOLOGICAL AND RESOURCE ECONOMICS
- Unit-1. Scarcity of Resources
- Unit-2. Sustainable Development
- Unit-3. Bioeconomics
- Unit-4. Externalities and Pollutions

Paper EO-8 AGRICULTURAL DEVELOPMENT IN INDIA (Elective Paper)
- Unit 1: Agriculture and Economic Development
- Unit 2: Agricultural Technology, Irrigation, and Energy
- Unit 3: Agricultural Marketing and Prices
- Unit 4: Agricultural Finance and Agro-industries

Paper EO-9 INDUSTRIAL ECONOMICS (Elective Paper)
- Unit-1. Framework and Problems of Industrial Economics and Market Structure
- Unit-2. Market Conduct and Performance
- Unit-3. Indian Industrial Growth and Pattern
- Unit-4. Industrial Finance

Paper EO-10 ECONOMICS AND LAW (Elective Paper)
- Unit-1: Introduction
- Unit-2: Law Relating to Consumer Activities
- Unit-3: Law of Business Organizations
- Unit-4 : Economic Theory of criminal law and International Aspects

Paper EO-11 HUMAN RESOURCE DEVELOPMENT (Elective Paper)
- Unit-1. Human Capital
- Unit-2. Human Development and Capability Approach
- Unit-3. Human Resource Development in India
- Unit-4 Measurement of Human Development

Paper EO-12 FINANCIAL MARKETS AND INSTITUTIONS (Elective Paper)
- Unit-1. Nature and Role of Financial System
- Unit-2. The Central Bank, Commercial Banks and Monetary Policy and NonBank Financial Intermediaries
- Unit-3. Financial Markets
- Unit-4. International Financial Markets

Paper EO-13 REGIONAL ECONOMICS (Elective Paper)
- Unit-1: Introduction
- Unit - 2: Spatial Micro Economics
- Unit- 3: Transport Costs and the General Theory of Location
- Unit- 4. Regional economic policy formulation and Regional Development

Part - II

Group-C-Compulsory Paper -IV MACRO ECONOMICS
SECTION –I :
- UNIT-I: INTRODUCTION TO MACRO ECONOMICS
- UNIT-II: DEMAND AND SUPPLY OF MONEY
- UNIT-III: THEORIES OF CONSUMPTION
- UNIT-IV: THEORIES OF INVESTMENT

SECTION –II :
- UNIT V: NATIONAL INCOME AND ACCOUNTING
- UNIT-VI: NEO CLASSICAL AND KEYNESIAN SYNTHESIS
- UNIT-VII: OPEN ECONOMY AND EXCHANGE RATE
- UNIT-VIII: THEORIES OF INFLATION AND BUSINESS CYCLES

Group-C-Compulsory Paper –V PUBLIC ECONOMICS
SECTION –I :
- UNIT -I: ROLE OF GOVERNMENT IN SOCIETY
- UNIT- II: THEORY OF PUBLIC CHOICE AND PUBLIC POLICY
- UNIT -III: THEORY OF PUBLIC EXPENDITURE
- UNIT -IV: THEORY OF TAXATION

SECTION –II :
- UNIT -V: THEORY OF PUBLIC DEBT
- UNIT -VI: FISCAL POLICY
- UNIT -VII: THEORY OF FISCAL FEDERALISM
- UNIT - VIII: INDIAN PUBLIC FINANCE

 
 

Note: The above courses are picked automatically by the website for indicative purpose only. However, students are requested to check with the University for the similarity of the course or for any other information in regard to the course.

Syllabus presented on this page is indicative and for general information only. The syllabus / course information listed may not be exhuastive. Students / Visitors are advised to contact the University directly for the official, detailed and accurate Syllabus, Transcripts and other information. List of course names mentioned here is partial and are not comprehensive and the institution would be offering many other courses than those mentioned on this page.

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