Part A :
Statistics for Economics
Unit 1: Introduction
What is Economics?
Meaning, scope and importance of statistics in
Unit 2: Collection,
Organisation and Presentation of data
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 of Data: Meaning and types of
variables; Frequency Distribution.
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
Measures of Central Tendency- mean (simple and
weighted), median and mode
Measures of Dispersion - absolute dispersion;
relative dispersion; Lorenz Curve: Meaning and its application.
Correlation - meaning, scatter diagram;
Measures of correlation - Karl Pearson’s method, Spearman’s rank correlation.
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.
Some Mathemetical tools used in Economics :
Equation of a line, stope of a line, stope of a curve.
Unit 4: Developing
Projects in Economics
The students may be encouraged to develop
projects, which have primary data, secondary data or both.
Indian Economic Development
Unit 5: Development
Policies and Experience:
A brief introduction of the state of Indian
economy on the eve of independence.
Common goals of Five Year Plans.
Main features, problems and policies of
agriculture (institutional aspects and new agricultural
strategy, etc.), industry (industrial
licensing, etc,) and foreign trade.
Unit 6: Economic
Reforms since 1991:
Need and main features - liberalisation,
globalisation and privatisation;
An appraisal of LPG policies
Unit 7: Current
challenges facing Indian Economy:
Poverty- absolute and relative; Main
programmes for poverty alleviation: A critical assessment;
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
Inflation : Problems and Policies
Infrastructure: Meaning-and Types: Case
Studies: Energy and Health: Problems and Policies- A critical assessment;
Sustainable Economic Development: Meaning,
Effects of Economic Development on Resources and Environment, including global
Unit 8: Development
Experience of India:
A comparison with neighbours: India and
Pakistan, India and China
Issues: growth, population, sectoral
development and other developmental indicators.