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Part A : Statistics for Economics

Unit 1: Introduction

Ø What is Economics?

Ø Meaning, scope and importance of statistics in Economics

Unit 2: Collection, Organisation and Presentation of data

Ø Collection of data - sources of data - primary and secondary; how basic data is collected; Methods of collecting data; Some important sources of secondary data: Census of India and National Sample Survey organisation.

Ø Organisation of Data: Meaning and types of variables; Frequency Distribution.

Ø Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data: (i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon and ogive) and (iii) Arithmetic line graphs (time series graph)

Unit 3: Statistical Tools and Interpretation

Ø Measures of Central Tendency- mean (simple and weighted), median and mode

Ø Measures of Dispersion - absolute dispersion; relative dispersion; Lorenz Curve: Meaning and its application.

Ø Correlation - meaning, scatter diagram; Measures of correlation - Karl Pearson’s method, Spearman’s rank correlation.

Ø Introduction to Index Numbers - meaning, types - wholesale price index, consumer price index and index of industrial production, uses of index numbers; Inflation and index numbers.

Ø Some Mathemetical tools used in Economics : Equation of a line, stope of a line, stope of a curve.

Unit 4: Developing Projects in Economics

Ø The students may be encouraged to develop projects, which have primary data, secondary data or both.


Part B: Indian Economic Development

Unit 5: Development Policies and Experience:

Ø A brief introduction of the state of Indian economy on the eve of independence.

Ø Common goals of Five Year Plans.

Ø Main features, problems and policies of agriculture (institutional aspects and new agricultural

Ø strategy, etc.), industry (industrial licensing, etc,) and foreign trade.

Unit 6: Economic Reforms since 1991:

Ø Need and main features - liberalisation, globalisation and privatisation;

Ø An appraisal of LPG policies

Unit 7: Current challenges facing Indian Economy:

Ø Poverty- absolute and relative; Main programmes for poverty alleviation: A critical assessment;

Ø Rural development: Key issues - credit and marketing - role of cooperatives; agricultural diversification; alternative farming - organic farming Human Capital Formation: How people become resource; Role of human capital in economic development; Growth of Education Sector in India, Employment: Formal and informal, growth and other issues: Problems and policies.

Ø Inflation : Problems and Policies

Ø Infrastructure: Meaning-and Types: Case Studies: Energy and Health: Problems and Policies- A critical assessment;

Ø Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming.

Unit 8: Development Experience of India:

Ø A comparison with neighbours: India and Pakistan, India and China

Ø Issues: growth, population, sectoral development and other developmental indicators.

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