PROJECT DESSERTATION & VIVA Voce (PROJECT & COMPREHENSIVE)

INDIAN ECONOMIC ISSUES(CORE)

IV SEMESTER

15. Indian Economic Issues

Course Name

Indian Economic Issues

Type of course

Core

Course Code

ECM21C15

Course summary and justification

a. Justification

A student in India is trained in Economics mainly with a focus of bringing required human resources for managing Indian economy. India is developing country with multiple issues. This applied course is very significant in the M. A. programme for familiarizing the students with various social and economic issues confronting India today and providing them the necessary skill to analyse the issues and propose suitable policy solutions.

b. Summary

The importance of the various sectors of an economy determines its structure. The broad sectors are primary, secondary, and tertiary. In today’s world, no economy is isolated. Countries are linked by trade, investment, finance, technology and the like. The course, therefore, contains issues related to agriculture, industry, services, trade, and foreign investment. Some policy issues are also specifically included. As Kerala economy is so unique in India, the syllabus also contains a brief account of it.

 

 

Semester

IV

Credit

4

Total Student Learning Time (SLT)

 

 

Learning Approach

 

 

Lecture

 

 

Tutorial

 

 

Practical

 

 

Others

Total Learning Hours

 

Authentic learning Collaborative learning Case based learning

64

5

-

11

80

Pre-requisite

NIL

As per the requirement of the course

Others- Library, field work, seminar and assignment preparations, test, journal, discussion etc.

 

 

COURSE OUTCOMES (CO)


CO

No.

Expected Course Outcome

Learning Domains

PSO

No.

Upon completion of this course, students will be able to;

1

Understand the various social and economic issues confronting Indian economy today and remember it.

U,R

1,3

2

Analyze the various issues by applying proper tools

An

2,5,6

3

Evaluate critically the policies deployed to resolve it.

E, C

2,3,9

4

Develop an interest in studying Indian economy

A,I

5, 7

5

Develop creative skills.

C

3,9

*Remember (R), Understand (U), Apply (A), Analyze (An), Evaluate (E), Create (C), Skill (S), Interest (I) and Appreciation (Ap)

 

 

COURSE CONTENT

 

COURSE CONTENT

Hrs

CO.No.

UNIT 1 – Structure of Indian Economy and Leading National Issues I

16 Hrs

1.1

Changing structure and growth of the economy -Spatial, social and economic distribution of income during planned and reform regimes

2

1,2,4

1.2

Monetary and fiscal policy issues, and, development in India

2

1,2,3

1.3

Issues relating to fiscal federalism- devolution criteria and critical issues in the context of recommendations of recent Finance Commissions

3

1,2, 4

1.4

Demographic issues- demographic dividend, gender equity and demographic transition- Issues relating to National Population Policy

3

3, 4

1.5

Public expenditure issues relating to education and health care for human resource development

2

1, 4

1.6

Changing trends in labour absorption, jobless growth and challenges in Indian labour market- Missing women in India.

2

2, 3

1.7

Trends in Fiscal management, FRBM Act, Centre- State financial relations, GST and Review of recent Union Budgets

2

2, 3, 5

UNIT 2- Leading National Economic Issues II

12 Hrs

2.1

Poverty dimensions and inclusive growth in India

2

1,2

2.2

Employment, Unemployment, Migration and labour force dynamics in India

2

1,2,4

2.3

Unsettled issues of Poverty and inequality

2

2,3

2.4

Labour market reforms and public employment programme in India from the planned era

2

1,4

2.5

Public distribution system and Food Security, Food Security Bill

2

1, 4, 5

2.6

Public sector reform, privatization, competition policy and disinvestments.

2

1,4

2.7

NITI Aayog, Atma Nirbha Bharat, slowdown of the Indian Economy and the impact of Covid-19 on Indian economy.

2

1, 4, 5

UNIT 3- Sectoral Issues of Indian Economy I

23 Hrs

3.1

Performance of agriculture and allied sectors in the context of green, white, blue, yellow , red, pink and grey revolutions

3

1, 4, 5

3.2

Spatial, cropping, diversification, value addition and institutional changes (land reforms, marketing, finance etc.) in Indian agriculture within regulated and reform regimes

2

2,3

3.3

Agricultural distress under financial meltdown, demonetization, GST, natural calamity, pandemic and farm bills.

2

3, 4

3.4

Different phases of industrial growth in India under controlled and decontrolled regimes

3

1, 3

3.5

Supply and demand factors influencing industrial performance in India

2

1, 4

3.6

Performance of input and use based industries in India

2

1, 5

3.7

Performance of service sector and issues related to reforms, WTO, investment, barriers, challenges and employment

3

1, 3, 4

3.8

Energy Resources and its pricing methods

2

1,4

3.9

Banking Sector Reforms- mergers, financial stability, IBC, privatization, cooperative scam, digital banking, financial inclusion, NPAs and capitalization of commercial banks.

2

1,3,4

3.10

Reform issues in transport, communication and IT sectors

2

1, 3

UNIT 4- Sectoral Issues of Indian Economy II

7 Hrs

 

 

4.1

Salient features of India’s foreign trade: composition, direction and organization

2

1,4,5

4.2

Recent changes in trade and finance policy- balance of payments, tariff policy, exchange rate, FDI, FPI, reserve, debt.

2

1,3, 4

4.3

India and Foreign Trade Agreements (Bilateral, Regional, Multilateral/WTO)

2

1,3,4

4.4

TRIPs, GATs WTO and their impact in India

1

1,4

UNIT 5 – KERALA ECONOMY

12 Hrs

5.1

Kerala’s Development experience An Evolutionary Profile.

2

1,2,5

5.2

The problems in agricultural and industrial development of Kerala; prospects of service sector growth especially in the digital economy.

2

1,2, 3

5.3

Human Resource Development: Issues in Health and Education

2

1,3

5.4

Fiscal Crisis of Kerala

1

1,3

5.5

Recent Migration trends (external from Kerala and inward to Kerala)

2

1,2

5.6

The decentralized planning experience of Kerala and a strategy towards a new Keralam

2

1,2,3

5.7

The impact of demonetization, natural calamity, GST and Covid-19 on Kerala’s economy

1

1,2,4

 

 

Teaching and Learning Approach

Classroom Procedure (Mode of transaction)

Authentic learning, case-based learning, collaborative learning, seminar, group activities.

 

 

CD

Course Delivery methods

 

 

 

CD1

Lecture by use of boards/LCD projectors/ OHP/Projectors

 

CD2

Tutorials/Assignments

CD3

Class Seminars and term papers

CD4

Mini projects/Projects

Assessment Types

Mode of Assessment

·            Continuous Internal Assessment (CIA)

·            Seminar Presentation – a theme is to be discussed and identified to prepare a paper and present in the seminar

·            Assignments

·            End Semester examination

 

 

 

Course Outcome

 

 

 

Course Delivery Method

 

CO1

CD1,CD2,CD3,CD4

CO2

CD1,CD2,CD4

CO3

CD2,CD3,CD4

CO4

CD1,CD3,CD4

CO5

CD1,CD2,CD3,

 

 

REFERENCES

 

1.      Sen, A.K. (2005): The Argumentative Indian, London: Penguin.

 

2.      Dreze, Jean and Amartya Sen (2013): An Uncertain Glory-India and its Contradictions, London: Penguin.

3.      Kurien, C. T. (1992): The Economy: An Interpretative introduction, New Delhi: Sage.

 

4.      Kurian C. T. (2012): Wealth and Illfare- an Expedition into Real life Economics, Bangalore: Book for Change.

5.      Bardhan, P.K. (1999): The Political Economy of Development in India, New Delhi: OUP.

 

6.      Chakrabarti, Anjan, Anup Dhar and Byasdeb Dasgupta (2016): The Indian Economy in Transition, Globalization, Capitalism and Development, Delhi: CUP.

7.      Datt, Ruddar and K. P. M. Sundharam (2021): Indian Economy, New Delhi: S. Chand & Company. Ltd.


ECONOMETRIC METHODS (CORE)

BANKING REGULATION & FINANCIAL SECTOR REFORMS(ELECTIVE)

OPERATIONS RESEARCH (ELECTIVE)

Course Name

Operations Research

Type of Course

Elective

Course Code

KNM21E05

Course Summary & Justification

Operations researchers focus on making specific decisions and economists study the consequences of different market structures and policies through an assumption of rational decision making. Both groups are interested in understanding rational decision making and the consequences of rational decisions.

After successful completion of the course, students will be able to understand importance of optimization of industrial process management, apply basic concepts of mathematics to formulate an optimization problem and analyze and appreciate variety of performance measures for various optimization problems.

Semester

4

Credit

4

Total Student Learning Time

(SLT)

 

 

Learning Approach

 

 

Lecture

 

 

Tutorial

 

 

Practical

 

 

Others

 

 

Total Learning Hours

 

Virtual learning Collaborative learning Blended learning

65

5

-

50

120

Pre-requisite

NIL

As per the requirement of the course

Others- Library, seminar and assignment preparations, tests.

COURSE OUTCOMES (CO)

 

CO

No.

Expected Course Outcome

Learning Domains

PSO

No.

Upon completion of this course, students will be able to;

1

Identify and develop Operations Research models from the written description of the real system/situation.

U,A

5

2

Understand and apply the appropriate mathematical tools

U, An

5, 7

 

needed to solve optimization problems, involving the economic allocation of limited resources, by choosing a particular strategy to achieve the desired objectives.

 

 

3

Formulate a given simplified description of a real-world problem as a linear programming model. Solve a 2-dimentional linear programming problem graphically and by Simplex method.

C

5,8

4

Propose the best strategy using decision making methods under uncertainty and game theory.

E, C

5,8

5

Apply linear programming in the area of physical distribution of goods/services from several origins to several destinations in a way to minimize the total cost of transportation.

A

5, 7

,8

6

Apply Hungarian method to assign a number of resources to an equal number of activities so as to minimize total cost of maximize total profit of allocation.

A

5,7

7.

Use Simulation techniques to experiment on a model of a real situation without incurring the costs of operating on the system.

U,An,A

5

8.

Use CPM and PERT techniques, to plan, schedule and control project activities.

U,An,A

5

*Remember (R), Understand (U), Apply (A), Analyse (An), Evaluate (E), Create (C), Skill (S),

Interest

(I) and Appreciation (Ap)

COURSE CONTENT

 

 

Hrs

CO.No.

UNIT 1 – Introduction to Operations Research

7 Hrs

1.1

Operation Research approach, , history of Operations Research scientific methods.

3

1

1.2

Introduction to models and modeling techniques - general methods for Operation Research models.

2

1

1.3

Methodology and advantages of Operation Research

2

1

UNIT 2 - Linear Programming (LP):

16 Hrs

2.1

Introduction to LP and formulation of Linear Programming problems

4

2,3

2.2

Graphical solution method, alternative or multiple optimal solutions, Unbounded solutions, Infeasible solutions

5

2,3

2.3

Maximization – Simplex Algorithm, Minimization – Simplex Algorithm using Big-M method, Two phase method

5

2,3

2.4

Duality in linear programming, Integer linear programming. (An introduction to the concept)

2

2,3

UNIT 3- Transportation & Assignment Problems:

17 Hrs

3.1

Introduction to Transportation problems

2

1

3.2

Various methods of Transportation problem —North west corner rule, Least cost method, Vogel’s Approximation method

3

5

3.3

Variations in Transportation problem—Unbalanced supply and demand, Degeneracy, Maximization transportation problem, Prohibited transportation routes.

5

5

3.4

Introduction to Assignment problems—Hungarian Method

4

6

3.5

Variations in Assignment problems –unbalanced assignment problem, Travelling salesman problem.

3

6

UNIT 4 – Network Analysis

14 Hrs

4.1

Network definition and Network diagram

3

8

4.2

Probability in PERT analysis

3

8

4.3

Basic concept of Floats, Critical path method(CPM)

3

8

4.4

Project time cost trade off—Crashing of a project

4

8

4.5

Introduction to resource smoothing and allocation.

1

8

UNIT 5 – Queuing Models:

10 Hrs

5.1

Concepts relating to queuing systems, basic elements of queuing model, role of Poisson & exponential distribution.

2

2,4

5.2

Basic Concept of Simulation-- Monte Carlo Simulation

3

7

5.3

Sequencing Problems

2

2,4

5.4

Game theory: Saddle Point, Mixed strategy, Dominance Rule.

3

2,4

 

Teaching and Learning Approach

Classroom Procedure (Mode of transaction)

Authentic learning, case-based learning, collaborative learning, seminar, group activities.

 

CD

Course Delivery methods

 

CD1

Lecture by use of board and online mode

CD2

Tutorials/Assignments

CD3

Seminars

CD4

Self-prepared instructional videos (during online mode)

CD5

Teaching aids ( videos from youtube)

CD6

NPTEL materials (MOOC)

 

Assessment Types

Mode of Assessment

·         Continuous Internal Assessment (CIA)

·         Seminar Presentation – Any topic which forms theoretical background is identified to prepare a paper and present in the seminar

·         Assignments

·         End Semester examination

ECONOMICS OF HEALTH & EDUCATION(ELECTIVE)

ADVANCED ECONOMETRICS (ELECTIVE)