Project 1 International Economics

Question 1. a. Discuss the changing pattern of trade of the selected country. How the composition and direction of trade has changed during 1990s to 2015. Explain.
                    b. Is there any paradigm shift in trade composition and direction of the selected country's trade during two and half decade?

Deadline of submission:- On or before 4th October 2016.

Note:-
Students are advised to download data from WITS database using their e-mail id.  First student have to create user id and password to access WITS database.

INTERNATIONAL ECONOMICS

Presentation Schedule for E1 INTERNATIONAL ECONOMICS

E1 Paper 541 International Economics / B.A. (Hons) 5th Semester Internal Exam.

Paper 302 Industrial Economics / B.A. (Hons) IIIrd Semester Internal Exam. 2013

Presentation Schedule of 302 Industrial Economics

Maharaja Agrasen College/ Department of Business Economics / Paper 401 Macro-Economics II / B.A. (Hons.) VI th Semester Internal Exam

Time: 1:30 hours                                                                                 Maximum Marks: 15

All questions are compulsory.

All questions carry equal marks.

1.      Write short notes on any two:                                                         2½ *2

a)   Tobin q

b)  J Curve

c)   Random Walk Hypothesis

2.     Discuss the evidence that were consistent with Keynes conjuncture and which were not consistent with them.                                              5

3.     Explain the life cycle hypothesis and discuss how life cycle hypothesis attempts to reconcile between short run variability and long run consistency of consumption?                                                                5

4.     In essence the rental price of capital approach to investment is not fundamentally different from Tobin q. Explain.                                5

Question Paper MACROECONOMICS II

Question Paper MACROECONOMICS II

Minutes of Meeting (Paper 641 (E2) Economic Growth and Policy

BBE TIME TABLE EVEN SEMESTER

MACRO ECONOMICS II

Syllabus ECONOMIC GROWTH & POLICY

Semester VI

Optional Group E: Paper 641

ECONOMIC GROWTH AND POLICY

UNIT 1 : ECONOMIC DEVELOPMENT- DEFINITIONS AND CONCEPTS

• A Very Short Introduction (AVSI), Characteristics of Development pp 1-29

• Development Economics, Chapter-2

• Distinction between Growth and Development

• Economic Development, Michael. P. Todaro, Chapter 1 and 2

UNIT 2 : GROWTH MODELS

• DE, Chapter-3 Economic Growth, Section-3.3.1(pp 51-56) and

Section 3.5 (pp 74-84).

• DE, Chapter 10, pp 353-371 (LEWIS MODEL)

• Introduction to Economic Growth pp20-53 (THE BASIC SOLOW MODEL)

• Endogenous Growth Model : Jones

Note- Solow Model shall be covered before Convergence (Section 3.5)

UNIT 3 : HUMAN CAPITAL- EDUCATION, INTELLECTUAL CAPITAL &

POVERTY.

• Meier pp 450-459 (Education investment in Human Capital)

• Michael P Todaro , Economic Development, Chapter 9 (Human Capital : Education

& Health n Economic Development)

• Concept of relative and absolute poverty, Sen

• Income inequality and its measurement, world experience in this context

UNIT 4 : TECHNOLOGICAL PROGRESS

• Introduction to Economic Growth Chapter 4 & Chapter 5 (up till Page 110)

• Development Economics, Chapter 4 , Section 4.4.4 & 4.4.5

• Growth and Development, A.P Thirwall Chapter 14 (up till page 499) also

included are pp 525 -536

• Meier, Section VIII, pp 381-405 (International Trade and International Inequality)

UNIT 5 : STATE AND THE MARKET

• F Hayami , Chapter-8 (up till page 212) and also included are pp 233-239

Experience of South East Asia And Latin America Countries in this context could

be useful.

References:

• Debraj Ray, Development Economics, DE, Princeton University Press 1998

• Charles Jones, Introduction to Economic Growth, Second Edition

• Partha Dasgupta, Economics: A Very Short Introduction, Oxford University Press,

2007

• Meier, Leading Issues in Economic Development, 5th edition

• Michael.P.Todaro, Economic Development,8th edition.

• F Hayami, Economics (as per the previous syllabus)

• A.P Thirwall, Growth and Development ,7th edition

Syllabus MACROECONOMICS

SEMESTER – IV

PAPER – 401

MACROECONOMICS – II

UNIT 1. THEORIES OF CONSUMPTION AND INVESTMENT

a) Consumption Functions

b) Fisher’s Inter-temporal Choice Model

c) Life-Cycle and Permanent Income Hypotheses

d) Business Fixed, Residential and Inventory Investments

Mankiw (2005) : Chapters 16 and 17**

UNIT 2. OPEN ECONOMY I – THE CONCEPTS

(a) Balance of Payments

(b) Trade Balance and Exchange Rates

D’Souza (2008): Chapers 2 and 5

UNIT 3. OPEN ECONOMY II –THE MUNDELL-FLEMING MODEL

N. Gregory Mankiw (2005): Chapter 12

UNIT 4 . ECONOMIC GROWTH

(a) Sources of Growth, Potential and Feasible Output

(b) The Determinants of Long-Run Growth and Solow - A Geometric Presentation

(c) The Golden Rule, Convergence and Poverty Traps

(d) Endogenous Growth

D’Souza (2008): Chapter 16

UNIT 5. MONETARY AND FISCAL POLICY

a) Inflation Targeting

b) The Design of Monetary Policy

c) The Government Budget Constraint

d) Issues in Fiscal Policy

Blanchard (2006) : Chapters 25 and 26

Suggested Readings

1. D’Souza, E. (2008): “Macroeconomics”, Pearson Education: New Delhi.

2. Blanchard, O. (2006) : “Macroeconomics” (IVth Edition), Pearson Education : New

Delhi.

3. N. Gregory Mankiw (2005)-Vth Edition, Macroeconomics, Worth Publishers