Department of


Syllabus for

1 Semester  2019  Batch  
Paper Code 
Paper 
Hours Per Week 
Credits 
Marks 
MEC131  MICROECONOMIC THEORY AND APPLICATIONS  4  4  100 
MEC131N  MICROECONOMIC THEORY AND APPLICATIONS  4  4  100 
MEC132  MACROECONOMIC THEORY AND POLICY  I  4  4  100 
MEC132N  MACROECONOMIC THEORY AND POLICY  I  4  4  100 
MEC133  RESEARCH METHODOLOGY FOR APPLIED ECONOMICS  4  4  100 
MEC133N  RESEARCH METHODOLOGY FOR APPLIED ECONOMICS  4  4  100 
MEC134  STATISTICS FOR ECONOMICS  4  4  100 
MEC134N  STATISTICS FOR ECONOMICS  4  4  100 
MEC141  APPLIED FINANCIAL ECONOMICS  4  4  100 
MEC141N  APPLIED FINANCIAL ECONOMICS  4  4  100 
MEC142  POLITICAL ECONOMY OF INDIA  4  4  100 
MEC143  AGRICULTURAL ECONOMICS  4  4  100 
MEC143N  AGRICULTURAL ECONOMICS  4  4  100 
2 Semester  2019  Batch  
Paper Code 
Paper 
Hours Per Week 
Credits 
Marks 
MEC201  BUSINESS ANALYTICS  2  2  50 
MEC231  MACROECONOMIC THEORY AND POLICY  II  4  4  100 
MEC232  HISTORY OF ECONOMIC THOUGHT  4  4  100 
MEC233  ADVANCED MATHEMATICAL ECONOMICS  4  4  100 
MEC234  ECONOMETRIC METHODS  4  4  100 
MEC241  ECONOMICS OF BANKING AND INSURANCE  4  4  100 
MEC242  ECONOMICS OF INDUSTRIAL ORGANIZATION  4  4  100 
MEC243  ECONOMICS OF GENDER  4  4  100 
3 Semester  2018  Batch  
Paper Code 
Paper 
Hours Per Week 
Credits 
Marks 
MEC331  NEW INSTITUTIONAL ECONOMICS  4  4  100 
MEC332  ECONOMICS OF GROWTH AND DEVELOPMENT  4  4  100 
MEC333  BEHAVIOURAL ECONOMICS  4  4  100 
MEC334  APPLIED ECONOMETRICS  4  4  100 
MEC341  SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT  4  4  100 
MEC342  ETHICS AND ECONOMICS  4  4  100 
MEC343  WORLD ECONOMIC HISTORY  4  4  100 
MEC381  INTERNSHIP  0  2  50 
4 Semester  2018  Batch  
Paper Code 
Paper 
Hours Per Week 
Credits 
Marks 
MEC431  ECONOMICS OF LABOUR MARKETS  4  4  100 
MEC432  PUBLIC FINANCE AND POLICY  4  4  100 
MEC433  ENVIRONMENT AND RESOURCE ECONOMICS  4  4  100 
MEC434  INTERNATIONAL ECONOMICS  4  4  100 
MEC441  INTERNATIONAL FINANCE  3  3  100 
MEC442  OPERATIONS RESEARCH  4  4  100 
MEC443  ECONOMICS OF CLIMATE CHANGE  4  4  100 
MEC481  DISSERTATION  0  4  100 
 
Assesment Pattern  
At least two components for CIAs as decided by the concerned faculty.  
Examination And Assesments  
CIAs are composed of three components and carry 50% weightage CIA 1 and 3 are faculty initiated ones, CIA 2 is the Midsemester examination. End Semester Exam carries 50% weightage.  
Department Overview:  
Established in 1969, the Department of Economics is one of the strongest and vibrant departments in South India. Currently the department under the leadership of Dr. Joshy K J along with fourteen accomplished faculty members offers a wide array of undergraduate courses and a postgraduate programme with multiple specialisations. To promote the holistic development of the students and to sustain the academic creativity and inventiveness of the faculty the department engages in numerous workshops, seminars, industrial interfaces, faculty development programmes and many such endeavours.  
Mission Statement:  
Vision Achieving excellence, broadening horizons, building competencies and developing a sustainable education model through critical thinking, ethical groundedness and commitment to society.
Mission Preparing students to understand and resolve the multitude of challenges in the economy through relevant research based education. We aim to educate our students to become successful professionals and socially responsible citizens who contribute positively to the socioeconomic wellbeing.  
Introduction to Program:  
The MA Applied Economics programme of the Department of Economics in Christ University aims to form ethically wellgrounded students with the ability for incisive reasoning, deep knowledge of economic theory and skill in empirical methodology. The course seeks to strike a sound balance between theory and application along with an interdisciplinary dimension without diminishing the focus on economics. This approach is meant to help students face the dynamic challenges in terms of the market and academics. In line with this approach the programme has a combination of papers related to economic theory, methodology and two streams of specialisations which, on the one hand meet the needs of corporate employment and on the other create the ability of applying economic theory to development problems of the country. More specifically students will be equipped to take up careers in academics, teaching, business consulting and analytics, civil society and activist organisations, the public sector, government services and international civil services.  
Program Objective:  
The Master of Arts in Applied Economics Programme aims to:
1. Build mastery in scientific analysis through advanced quantitative methods including statistics and econometrics
2. Make students competent to engage with real world economic challenges in business, industry, public sector
3. Train students with critical thinking for higher academic pursuits in research
4. Provide intensive specializations in areas of finance and development
By the end of the programme students should be able to:
(PO1. Disciplinary Knowledge): Exhibit competence in the discipline; Analyze seminal pieces of work in the area; Apply disciplinary principles to conduct academic inquiry; Evaluate aspects of social reality using the principles of the discipline
(PO2.Critical Thinking):Recognize and examine the social structures underlying our society and how they shape our existence; Reflect upon lived experiences with reflexivity; Analyze and engage with their social surroundings, problematize and raise questions based on academic inquiry
(PO3. Research Skills): Exhibit problem solving skills, reflective thinking; Apply analytical and scientific thinking; Demonstrate technical skills in terms of handling data, working with various research related software; Conceptualize, design, and execute research project/s
(PO4. Communication and social Interaction): Communicate effectively across media in varied contexts; Collaborate as members or leaders in teams in multidisciplinary settings; Work in m  
 
Assesment Pattern  
 
Examination And Assesments  
Assesment for this program will be based on continueous internal assesment and end semester examination.  
Department Overview:  
The Department of Economics is one of the strongest and vibrant department in Christ (Deemed to be University) Delhi NCR. Currently the department with four accomplished faculty members offers a wide array of undergraduate courses and a postgraduate programme with multiple specialisations. To promote the holistic development of the students and to sustain the academic creativity and inventiveness of the faculty the department engages in numerous workshops, seminars and many such endeavors.  
Mission Statement:  
Vision Achieving excellence, broadening horizons, building competencies through critical thinking, inculcating values of excellence and service to the society.
Mission Preparing students to understand and resolve the multitude of challenges in the economy through relevant research based education. We aim to educate our students to become successful professionals and socially responsible citizens who contribute positively to the socioeconomic wellbeing.  
Introduction to Program:  
The MA Applied Economics programme of the Department of Economics in Christ University aims to develop deep knowledge of economic theory and skill in empirical methodology and its application. This approach is meant to help students face the dynamic challenges in terms of the market and academics. After attending this program, students will be equipped to take up careers in academics, teaching, business consulting and analytics, civil society and activist organisations, the public sector, government services and international civil services.  
Program Objective:  
The Master of Arts in Applied Economics Course aims to:
1. Provide intensive specializations in areas of economics, finance and development
2. Mastery in scientific analysis through advanced quantitative methods, statistics and econometrics, and latest soft skills 3. Make students competent to take up the most challenging careers in business, industry, public sector and advanced academic research  
MEC131  MICROECONOMIC THEORY AND APPLICATIONS (2019 Batch)  
Total Teaching Hours for Semester:60 
No of Lecture Hours/Week:4 
Max Marks:100 
Credits:4 
Course Objectives/Course Description 

The main objective of the paper is to introduce both traditional as well as modern ideas and theoretical concepts in micro economics. Another important objective is to provide a fundamental understanding of market theory, theory of factor pricing, theory of general equilibrium and welfare economics. 

Learning Outcome 

Upon completion this course, students should be able to:
• Describe the nature of economics in dealing with the issue of scarcity
• Perform supply and demand analysis to analyze the impact of economic events on markets
• Analyze the behavior of consumers in terms of the demand for products
• Evaluate the factors affecting firm behavior, such as production and costs
• Analyze the performance of firms under different market structures
• Recognize market failure and the role of government in dealing with those failures
• Explain how input markets work
• Use economic analysis to evaluate controversial issues and policies. 
Unit1 
Teaching Hours:10 

Utility and Demand


Consumer preferences; Axioms of preference ordering; Utility function: existence and characteristics; concavity and quasi concavity; Budget sets; Demand functions: Zero homogeneity; Income and substitution effects; Slutzky theorem: Indirect utility functions; Hicksian compensated demand functions; Expenditure functions; Substitutes and complements: gross and pure; Revealed preference; Uncertainty, expected utility functions: von NeumannMorgenstern utility function; Asymmetric Information: Sheepskin Effect  
Unit2 
Teaching Hours:10 

Production and Supply


Production functions; Concavity and quasi concavity; Returns to a factor and to scale; Total, marginal and average cost function; Long run cost curves: envelopes; Factor demand functions, Conditional factor demands; Profit maximization; Supply functions, cost minimization – first and second order conditions; Linear homogeneous production functions and their properties; CobbDouglas, CES, VES and Translog production functions and their properties;Leontief’s production functions, Elasticity of substitution, its derivation for CD and CES functions; the impact of tax/subsidy.  
Unit3 
Teaching Hours:15 

Markets


Characterizing perfect competition; Pricing and output under perfect competitive markets; Monopoly markets: Pricing, discrimination; welfare costs; Monopolistic competition: Characteristics; Long run and short run behavior; Oligopoly — Noncollusive (Cournot, Bertrand, Edgeworth, Chamberlin, kinked demand curve and Stackelberg’s solution) and collusive (Cartels and mergers, price leadership and basing point price system) models; Price and output determination under monopsony and bilateral monopoly.  
Unit4 
Teaching Hours:5 

Distribution


Neoclassical approach — Marginal productivity theory; Product Exhaustion Theorem; Elasticity of technical substitution, technical progress and factor shares; Theory of distribution in imperfect product and factor markets.  
Unit5 
Teaching Hours:10 

Welfare Economics


Pigovian welfare economics; Pareto optimal conditions; Value judgment; Social welfare function; Compensation principle; Inability to obtain optimum welfare–Imperfections, market failure, decreasing costs; Uncertainty and non–existent and incomplete markets; Theory of second best –Arrow’s impossibility theorem, Rawl’s theory of Justice; Equity efficiency trade off.  
Unit6 
Teaching Hours:10 

General Equilibrium


Partial and general equilibrium; Walrasian excess demand and inputoutput approaches to general equilibrium; Existence, stability and uniqueness of partial equilibrium and general equilibrium; Relationship between relative commodity and factor prices (StoplerSamuelson theorem); Relationship between outputmix and real factor priceseffect of changes in factors supply in closed economy (Rybczynski theorem).  
Text Books And Reference Books:
Henderson, J. M., & Quandt R. E., (2003). Microeconomic Theory: A Mathematical Approach,New Delhi: McGraw Hill. Koutsoyiannis, A., (1979). Modern Microeconomics. London: Macmillan Press. Kreps, David M., (1990). A Course in Microeconomic Theory. Princeton: Princeton University Press. MasColell, A., Whinston, M. D., & Green, J. R. (1995). Microeconomic theory (Vol. 1). New York: Oxford university press. Sen, Anindya., (2007). Microeconomics: Theory and Applications. New Delhi: Oxford University Press. Varian, Hal R., (2000). Microeconomic Analysis. New York: W.W. Norton & Company. Varian, Hal R., (2010). Intermediate microeconomics: a modern approach. Vol. 6. New York: W.W. Norton & Company.  
Essential Reading / Recommended Reading
Ferguson, C. E. (1969), The Neoclassical Theory of Production and Distribution, Cambridge: Cambridge University Press. Fuss, M., and McFadden, D., eds. Production Economics: A Dual Approach to Theory and Applications. Amsterdam: NorthHolland Publishing Co., 1978. G.S. Maddala and E. Miller (1989), Microeconomics: Theory and Applications, McGrowHill, New Delhi. H L Ahuja (2012), Advanced Economic Theory – Microeconomic Analysis, S. Chand Ltd. J. Henderson & Richard E. Quandt (2003), Microeconomic Theory: Mathematical Approach, Tata McGrawHill Publishing Company Limited, New Delhi. J. De. V. Graff, Theoretical Welfare Economics, Cambridge University Press, 1963. John A. Edgren (1995), On the Relevance of John Rawls theory of Justice to Welfare Economics, Review of Social Economy, Vol. 53. Meunier, Valerie (2005). Lecture notes from Chapter 6: Moral Hazard, Strategic Behavior, Information and Contractual Relationships, available in Internet site, www.econ.au.dklfag/701O/F2005/default.ht Pindyck, Robert & Rubinfeld, Daniel (2013), Micro Economics, 8th Edition, Pearson Education, USA Paul A. Samuelson (1947), Foundations of Economic Analysis. 1983 edition, Cambridge, Mass: Haward University Press. S. K. Nath (1969), A Reappraisal of Welfare Economics, London: Routledge and Kegan Paul Ltd. Richard A. Musgrave and Peggy B. Musgrave, (1989), Public Finance in Theory and Practice, Singapore: McGrawHill International W. J. Baumol, (1952), Welfare Economics and the Theory of the State, Harvard University Press.  
Evaluation Pattern CIA I : 20 Marks CIA II : 50 Marks (Mid Semester Examination) CIA III : 20 Marks
 
MEC131N  MICROECONOMIC THEORY AND APPLICATIONS (2019 Batch)  
Total Teaching Hours for Semester:60 
No of Lecture Hours/Week:4 

Max Marks:100 
Credits:4 

Course Objectives/Course Description 



Learning Outcome 

Upon completion of Principles of Microeconomics, students should be able to: 
Unit1 
Teaching Hours:10 
Utility and Demand


Consumer preferences; Axioms of preference ordering; Utility function: existence and characteristics; concavity and quasi concavity; Budget sets; Demand functions: Zero homogeneity; Income and substitution effects; Slutzky theorem: Indirect utility functions; Hicksian compensated demand functions; Expenditure functions; Substitutes and complements: gross and pure; Revealed preference; Uncertainty, expected utility functions: von Neumann Morgenstern utility function; Asymmetric Information: Sheepskin Effect.  
Unit2 
Teaching Hours:10 
Production and Supply


Production functions; Concavity and quasi concavity; Returns to a factor and to scale; Total, marginal and average cost function; Long run cost curves: envelopes; Factor demand functions, Conditional factor demands; Profit maximization; Supply functions, cost minimization – first and second order conditions; Linear homogeneous production functions and their properties; CobbDouglas, CES, VES and Translog production functions and their properties;Leontief’s production functions, Elasticity of substitution, its derivation for CD and CES functions; the impact of tax/subsidy.  
Unit3 
Teaching Hours:15 
Markets


Characterizing perfect competition; Pricing and output under perfect competitive markets; Monopoly markets: Pricing, discrimination; welfare costs; Monopolistic competition: Characteristics; Long run and short run behavior; Oligopoly — Noncollusive (Cournot, Bertrand, Edgeworth, Chamberlin, kinked demand curve and Stackelberg’s solution) and collusive (Cartels and mergers, price leadership and basing point price system) models; Price and output determination under monopsony and bilateral monopoly.  
Unit4 
Teaching Hours:5 
Distribution


Neoclassical approach — Marginal productivity theory; Product Exhaustion Theorem; Elasticity of technical substitution, technical progress and factor shares; Theory of distribution in imperfect product and factor markets.  
Unit5 
Teaching Hours:10 
Welfare Economics


Pigovian welfare economics; Pareto optimal conditions; Value judgment; Social welfare function; Compensation principle; Inability to obtain optimum welfare–Imperfections, market failure, decreasing costs; Uncertainty and non–existent and incomplete markets; Theory of second best –Arrow’s impossibility theorem, Rawl’s theory of Justice; Equity efficiency trade off.  
Unit6 
Teaching Hours:10 
General Equilibrium


Partial and general equilibrium; Walrasian excess demand and inputoutput approaches to general equilibrium; Existence, stability and uniqueness of partial equilibrium and general equilibrium; Relationship between relative commodity and factor prices (StoplerSamuelson theorem); Relationship between outputmix and real factor priceseffect of changes in factors supply in closed economy (Rybczynski theorem).  
Text Books And Reference Books:
 
Essential Reading / Recommended Reading
 
Evaluation Pattern
CIA 1 and CIA 3 will be for 20 marks each; Midsemester will carry 50 marks End Semester examination will be for 100 mark  
MEC132  MACROECONOMIC THEORY AND POLICY  I (2019 Batch)  
Total Teaching Hours for Semester:60 
No of Lecture Hours/Week:4 
Max Marks:100 
Credits:4 
Course Objectives/Course Description 

This paper aims at strengthening the knowledge of important macroeconomic variables and their role in determining the equilibrium level of output and employment and provides insights into the factors influencing the capital inflows and outflows in an open economy model. It helps the students to understand the theoretical foundation of macroeconomics and the contribution of different schools of thought to the further development of macroeconomics. The students will be able to critically evaluate the consequences of basic macroeconomic policy options under differing economic conditions. 

Learning Outcome 

Students will learn about the determinants of macroeconomic conditions (national output, employment, inflation), causes of business cycles, and interactions of monetary and financial markets with the real economy, familiarizing themselves in the process with major economic theories of relevance. Specific Objectives:

Unit1 
Teaching Hours:10 
Income and Output determination


The development of macroeconomics Actual and potential outputGNP identity on the product, income and disposition sideThe government sector and foreign sectorClassical theory of income and employment The saving investment balance The labour market equilibrium Aggregate demand and supply, money and prices in classical model Keynes’ theory of employment Consumption function, investment demand Effective demand Determination of equilibrium income Theory of multiplierDerivation of the expenditure multiplier.  
Unit2 
Teaching Hours:14 
Demand side and Supply side Equilibrium


Equilibrium income and the interest rate determination in the product market Equilibrium income and the interest rate determination in the money market Derivation of IS and LM curvesShift in IS and LM curvesSimultaneous equilibrium Fiscal and monetary policy effects on demandInteraction of monetary and fiscal policies Aggregate supply in the short run and long runSupply side disturbances and reactionsDemand side disturbances and reactionsDetermination of equilibrium income, employment, rate of interest and price level.  
Unit3 
Teaching Hours:10 
Consumption, Saving and Investment


Theories of aggregate consumption Absolute income hypothesis Relative income hypothesis Life cycle hypothesisPermanent income hypothesis Robert Hall and Random Walk Hypothesis Nonincome factors affecting consumptionThe MPS modelThe wealth effect in the static modelThe present value criterion for investmentThe marginal efficiency of investmentInvestment demand and output growthThe accelerator principle and stabilization policyThe rental cost of capital and investmentTobin’s q theory of investment.  
Unit4 
Teaching Hours:16 
Monetary and Fiscal polocy


The instruments of monetary policyThe mechanism of monetary expansion money growth targeting and inflation targeting The effects of fiscal policy changesThree ranges of LM curveThe effectiveness of monetary and fiscal policy: Monetarists and FiscalistsTax rate changes and the budget deficitFiscal stimulus and deficit financing crowding out and crowding in controversy Quantitative easing policies macroeconomic policies in advanced and emerging economies.  
Unit5 
Teaching Hours:10 
The External Sector equilibrium


The current account and product market equilibriumThe capital account and balance of payments equilibriumBalance of payment adjustment and the LM curve The Classical approach: The automatic adjustment method Balance of payment adjustment by policy measures: MundellFleming model The expenditure changing policies The expenditure switching policy: Devaluation Monetary approach to Balance of payment adjustments.  
Text Books And Reference Books:
 
Essential Reading / Recommended Reading
 
Evaluation Pattern CIA 1 20 marks based on the criteria specified in the course plan CIA 2 50 marks based on the midsemester examination CIA 3 20 marks based on the criteria specified in the course plan End semester examination100 marks  
MEC132N  MACROECONOMIC THEORY AND POLICY  I (2019 Batch)  
Total Teaching Hours for Semester:60 
No of Lecture Hours/Week:4 
Max Marks:100 
Credits:4 
Course Objectives/Course Description 

This paper aims at strengthening the knowledge of important macroeconomic variables and their role in determining the equilibrium level of output and employment and provides insights into the factors influencing the capital inflows and outflows in an open economy model. It helps the students to understand the theoretical foundation of macroeconomics and the contribution of different schools of thought to the further development of macroeconomics. The students will be able to critically evaluate the consequences of basic macroeconomic policy options under differing economic conditions. 

Learning Outcome 

Students will learn about the determinants of macroeconomic conditions (national output, employment, inflation), causes of business cycles, and interactions of monetary and financial markets with the real economy, familiarizing themselves in the process with major economic theories of relevance. Specific Objectives: a. Students will be able to identify the determinants of various macroeconomic aggregates such as output, unemployment, inflation, productivity and the major challenges associated with the measurement of these aggregates. b. Students will be able to discuss the linkages between financial markets and the real economy, and how these linkages influence the impact of economic policies over differing time horizons. c. Students will be able to describe the main macroeconomic theories of short term fluctuations and long term growth in the economy. d. Students will be able to critically evaluate the consequences of basic macroeconomic policy options under differing economic conditions within a business cycle. 
Unit1 
Teaching Hours:10 

Income and Output determination


 
Unit2 
Teaching Hours:14 

Demand side and Supply side Equilibrium


 
Unit3 
Teaching Hours:10 

Consumption, Saving and Investment


 
Unit4 
Teaching Hours:16 

Monetary and Fiscal policy


 
Unit5 
Teaching Hours:10 

The External Sector equilibrium


 
Text Books And Reference Books:
 
Essential Reading / Recommended Reading 1. N. Gregory Mankiw. (2012). Macroeconomics. 8th Edition, Worth Publishers. 2. Dornbusch, Fischer, Startz. (2010). Macroeconomics. 11th Edition, Tata Mc Graw Hill. 3. Graeme Chamberline & Linda Yueh (2006). Thomson Learning. 4. Burda and Wyplosz (2009). Macroeconomics: A European Text, Fifth Edition, Oxford University Press, New York. 5. M. Maria John Kennedy (2011). Macroeconomic Theory, PHI Learning Private Limited, New Delhi. 6. H.L.Ahuja. (2012). Macroeconomics: Theory and Policy. 18th Revised Edition, Sultan Chand Publishers. 7. Brain Snowdown, Howard Vane and Peter Wynarczyk. (1995). A Modern Guide to Macro Economics: An Introduction to Competing School of Thought. 8. Edward Shapiro. (2011). Macroeconomic Analysis. 5th Edition, Galgotia Publication Ltd. 9. Ackley.G. (1978). Macro economics: Theory and Policy, Macmillan, NewYork.  
Evaluation Pattern
 
MEC133  RESEARCH METHODOLOGY FOR APPLIED ECONOMICS (2019 Batch)  
Total Teaching Hours for Semester:60 
No of Lecture Hours/Week:4 

Max Marks:100 
Credits:4 

Course Objectives/Course Description 



Learning Outcome 


Unit1 
Teaching Hours:15 

Introduction to research & research methods


Ways of knowing and understanding the world and the research process  The nature of knowledge and theory  Philosophy of Social Science Research  Relevance of Social Science Research  Objectivity and Values in Social Sciences.  
Unit2 
Teaching Hours:10 

Logic of Scientific Investigation


Theory Construction in Social Science Research  Approaches to Social Science and Managerial Research, Theoretical, Applied and Action Research  Ethical Issues in Research on Human or Social Subjects  Nonsexist approach in Social Sciences.  
Unit3 
Teaching Hours:15 

Research Design


Review of Literature  Identification of Research Gaps and Research Needs  Identification, selection and formulation of research problem  Formulating Hypotheses/Propositions/Issues, conceptualizing research problem.  
Unit4 
Teaching Hours:10 

Overview of Social Science Methodology


Unidisciplinary, interdisciplinary, multidisciplinary methodologies  Quantitative Research Methods: An Overview  Qualitative Research Methods: An Overview  Historical Method  Case Study Method  Action Research  Monitoring and Evaluation  Triangulation (including/mixing Qualitative and Quantitative) Methods.  
Unit5 
Teaching Hours:10 

Information needs and use in social sciences


Secondary Sources of Information: Using and Integrating secondary and primary information  Quantitative Data: Kinds and quality of Data, demography, labour force, agriculture, industry  Quantitative Data: Human resources, education, health, housing, employment, banking, rural data bas  Quantitative Data: Survey Reports, Research Studies, Historical Data Tools  Statistical Systems – International, National and Local: Objectivity, Reliability and Validity of Data  Surveys and Questionnaires: Questionnaire, Schedule Design and Construction, Sample Surveys, Survey Administration  Observation – Structured and unstructured, Recording and Interpretation of Observations, Ethnography Interviews: Nature of the Interview Process  Structured and Unstructured Interviews, Focus Groups, Group Discussions.  
Unit6 
Teaching Hours:10 

Analysis of Qualitative and Quantitative Data


Choice of Statistical and Processing Techniques  Interpretative Narrative Methods  Theory of the Testing of Hypotheses  Presentation of Research Findings, Products of Research, Thesis Writing  Factors conducive to research utilization.  
Text Books And Reference Books:
 
Essential Reading / Recommended Reading
 
Evaluation Pattern CIA 1 and CIA 3 for 20 marks each; Mid semester exam for 50 marks and End semester exams for 100 marks.  
MEC133N  RESEARCH METHODOLOGY FOR APPLIED ECONOMICS (2019 Batch)  
Total Teaching Hours for Semester:60 
No of Lecture Hours/Week:4 

Max Marks:100 
Credits:4 

Course Objectives/Course Description 



Learning Outcome 


Unit1 
Teaching Hours:15 

Introduction to research & research methods


 
Unit2 
Teaching Hours:10 

Logic of Scientific Investigation


 
Unit3 
Teaching Hours:15 

Research Design


 
Unit4 
Teaching Hours:10 

Overview of Social Science Methodology


 
Unit5 
Teaching Hours:10 

Information needs and use in social sciences


 
Unit6 
Teaching Hours:10 

Analysis of Qualitative and Quantitative Data


 
Text Books And Reference Books: Alan Bryman (2012). Social Research Methods, Oxford University Press.  
Essential Reading / Recommended Reading 1. Alan Bryman (2012). Social Research Methods, Oxford University Press. 2. Foddy, W (1993). Constructing Questions for Interviews and Questionnaires: Theory and Practice in Social Research, Cambridge: Cambridge University Press 3. FitzGibbon, C. T. and L. L. Morris (1987). How to Analyse Data, Newbury Park: Sage Publications, Inc.  
Evaluation Pattern
 
MEC134  STATISTICS FOR ECONOMICS (2019 Batch)  
Total Teaching Hours for Semester:60 
No of Lecture Hours/Week:4 

Max Marks:100 
Credits:4 

Course Objectives/Course Description 

The objective of the paper is to make students familiar with theory and application of statistical methods. This course covers the statistical foundations of data analysis including the statistical theory and its applications in Economics. In particular, this module broadly covers the descriptive statistics, theory of probability, statistical distributions, estimation and hypothesis testing, and nonparametric tests. 

Learning Outcome 


Unit1 
Teaching Hours:5 
Probability Theory


Concept of probability, conditional probability and Bayes’ theorem, random variables – discrete and continuous, density and distribution functions, joint, marginal and conditional distribution, moment generating function, law of large numbers and Central Limit theorem
 
Unit2 
Teaching Hours:10 
Theory of Probability Distribution


Discrete versus continuous distribution, uniform, binomial, negative binomial, Poisson, geometric and hypergeometric, normal, lognormal, exponential, gamma and beta distribution, characteristic function and moment generating function  
Unit3 
Teaching Hours:10 
Methods and Sampling distributions


Simple random sampling: with and without replacement, stratified random sampling, probability and nonprobability sampling, statistic and sample moments, sampling distributions: Student’st, Chi square and Fdistribution, determinants of sample size
 
Unit4 
Teaching Hours:15 
Theory of Estimation

