BA 1st Year Economics Syllabus Avadh University, Recommended Books and Course Details

Bachelor of Arts (BA) Part 1 Economics syllabus and course input details have been confirmed by Dr. Ram Manohar Lohia Avadh University, Ayodhya.

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Paper – I (Principles of Economic Analysis) of Avadh University BA Economics Part 1 Syllabus:

Unit I

Scope and Method: Nature of Economic Laws, Basic equilibrium, utility, elasticity, competition.

Theory of Consumer Behavior: Utility analysis-cardinal and ordinal approaches. Elements of revealed preference, consumer surplus. Indifference curve analysis: properties, consumer equilibrium, income, price and substitution effects.

Demand Analysis: Demand function and law of demand, price, cross and income elasticity of demand.

Unit II

Production: Production function, combination of factors, laws of production: returns to scales, Law of variable proportions.

Nature of Costs: Short-run and long-run cost curves, Optimum and representative firms.

Unit III

Market and Price Determination: Structure of Markets, equilibrium of firm and industry under perfect competition. Price and output under monopoly and price discrimination, Nature of monopolistic competition.

Unit IV

Economic System: Capitalism, socialism and mixed economy. Problem of resource allocation.

Theory of Distribution and Factor Pricius: Concept and measurement, Net economic welfare, distribution of national income, marginal productivity theory of distribution, theories of rent, wages, interest and profit.

Recommended Books:

  1. Stonier and Hague:- A Text Book of Economic Theory
  2. R. G. Lipsey:- An Introduction to Positive Economics
  3. Samuelson, Paul A:- Economics
  4. Gould and Ferguson:- Micro Economic Theory

Paper – II (Indian Economic Problems) of Faizabad University BA Economics Part 1 Syllabus:

Unit I

Nature and Structure of Indian Economy: Growth and composition. Sectoral development of the Indian Economy and their interrelationship. Utilization of resource human and natural. Problems of population and population policy of India. Need, Objectives and strategy of planning in India. Poverty, unemployment, its nature and extent, Employment policy.

Unit II

Agriculture: Trends in production and productivity, reforms, tenurial system, distribution of land, ceilings consolidation of holdings. Agriculture labour and problem wages, employment and under-employment. Capital agriculture financial and physical. Problems of irrigation and supply of inputs. Organizational issues. Market cooperative farming, community development project agricultural and rural development programmes. Technology.

Change in Agriculture strategy: Agricultural production strategy. Price policy in agriculture.

Unit III

Industry and Service Sector: Growth and Structure of industry. Industrial and licensing policies of major industries, large, small and cottage industries. Industrial finance, foreign capital and multinationals. Industrial labour – wages and wage regulation, social security, housing, industrial peace, Trade Union movement.

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Service Sector: Nature, Structure and Development.

Unit IV

Economy of Uttar Pradesh: Nature, Structure and Development of U.P.’s Economy. U.P. Economy through plans. Demographic Scenario of U. P., Infrastructure : energy, transport and water resources. Decentralization of planning in U.P. industrial development in U.P.: Public Sector Units, Small Scale Industries, Informal Sector, Hurdles and Prospects. Agriculture, Employment, Poverty, Inter-Regional Disparities and Policy Issues.

Books Recommended:

  1. Alak Ghosh – Indian Economy
  2. Rudra Dutt & Sundaram – Indian Economy
  3. Government of India Annual – Economic Survey
  4. Five Year Plans, Govt. of UP

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