microeconomics

Unit 1: Utility Analysis: (15 Hours)

Choice, preference, rational choice and revealed preference, existence of the utility function-
consumer's problem and the demand function, expenditure and indirect utility functions
Unit 2: Demand Analysis: (15 Hours)
Demand function, income-compensated demand functions, Slutsky matrix, and their
properties, measurement of efficiency, duality, measuring of welfare effects of a price
change
Unit 3: Production Analysis: (15 Hours)
Production: returns to scale and varying proportions, production functions (Cobb
Douglas,CES) and input demand functions and their properties, costs, Derivation of SR and
LR supply curve, classical model of the equilibrium of the firm, optimal size of the firm,
duality in production, profit function and its properties,
Unit 4:: (15 Hours)
Perfect Competition, Walrasian General Equilibrium in a Pure Exchange Economy Excess
demand function and its properties, tâtonnement process and the proof of existence of
general equilibrium (using Brouwer's fixed point theorem), core and equilibria, the first and
the second fundamental theorem of welfare economics.

References:
Essential Readings
1. Gravelle, H. and R. Rees, Microeconomics, Pearson Edition, 2004
2. Jehle, G.A. and P.J. Reny, Advanced Microeconomic Theory, Addison-Wesley Longman,
3. Mas-Colell, A., M.D. Whinston, and J. Green, Microeconomic Analysis, Oxford University
Press, 2005
4. Varian, H.R., Microeconomic Analysis, WW Norton & Co., 1992

Mathematical methods for economics

Unit 1: (15 Hours)

Set theory: Real numbers (R) and n-dimensional space (R"), Sequences and limits, Open and
closed sets, Compact sets
Functions: Continuity, linear functions, concave and quasi-concave functions
Vectors and matrices: Determinants, Special determinants- Jacobian, Discriminant, Hessian
and Bordered Hessian; Eigen values and characteristic roots
Unit 2: (15 Hours)
The derivative: Partial derivatives, implicit differentiation, total derivatives Unconstrained
optimization and constrained optimization Differential equations: Stability analysis
Agricultural economics and development

Unit 1: Theories of Agricultural Development: (15 Hours)

Role of agriculture in a developing economy vis-a-vis a developed economy; Theories of
agricultural development (Lewis, Schultz, Mellor, Hayami and Ruttan)
Unit 2: Sustainable Agricultural Development and Food Security: (15 Hours)
Impact of green revolution; Models of spread of technology and experiences in input use
efficiency; Measurement and strategies for sustainable development; Food security:
Concept, measurement, magnitude, and critical evaluation of government policies
Unit 3: Competitiveness of Agriculture Products and Marketing: (15 Hours) Measurement
of efficiency of agricultural products in international markets; Efficiency ofagricultural
markets in India; Form and impact of government intervention in the markets and itseffects
on efficiency; Commodity markets: operation and likely impacts; Strategies for survivingin a
globalizing world.
Unit 4: History and Policies for Agricultural Development in India: (15 Hours)
Trends in production since 1950; National Food Policy; Agriculture Policy; Area, productivity,
employment and wage rate analysis; Trends in India's agricultural exports and imports and
implications

research methodology

Unit 1: Introduction (15 Hours)

Introduction - -Fundamental issues in research -The relationship of quantitative and
qualitative methods - Philosophy and Ethics- Scientific conduct-Publication ethics- The
importance of Originality- Plagiarism and ethics in writing-Open access publishing-
Databases and Research metrics- Publication Misconduct
Unit 2: The Special Nature of Qualitative Research(15 Hours)
Requirement in qualitative research- The phases of qualitative studies -The sample in
qualitative designs -The nature of data in qualitative research-Research-Procedures for
designing and setting up a qualitative research study. Conceptual Frameworks-Research
questions, validity in data gathering - Staring a study: entry into the field; role of the
researcher; confidentiality; collecting background information, sampling and validity in data
gathering-the mixed approach- Mixed Models - Mixed Methods.
Unit 3: Data Collection Procedures(15 Hours)
Sampling and Sampling techniques- Survey method- Key techniques for data collections in
qualitative research, including observation, interview, and visual data methods and ways
that mobile and online data collection methods are extending these fundamental modes -
types of interviews (structured too unstructured). How to design interview question; how to
conduct interviews- Taking notes, following up issues, developing a sequence Types of
observation procedures. Focus groups- Design, conduct and analysis of focus group
interviews- Documents and archival data- Definition, review of sources and types of data
methods of collection and analysis- Integrating and synthesizing data, reflexivity.
Unit 4: Representation, Writing, and Presentation(15 Hours)
Basic principles of qualitative analysis - Computer-assisted content analysis - The role of
theory in qualitative data analysis- The process of qualitative analysis- Working out the
meaning of a text- Analytic induction and grounded theory- Other ways of analysing
qualitative data- A concrete example-

Basic Statistics

Unit 1: Probability, Random Variables and Distribution (15 hours)

Probability Theory- Conditional, Marginal and Joint Probability, Bayes' theorem and its
applications. Discrete (Poisson & Binomial) and continuous random variables, probability
mass function, probability density function and cumulative density function, joint, marginal
and conditional distribution functions of random variables.
Unit 2: Expectation, Theory of Estimation (15 hours)
Expectation of single and bivariate random variables and its properties. Conditional
Expectations and other Moments Concept of Estimator- Sampling Distribution of Estimator-
Point and Interval Estimation. Hypothesis Testing, Null Hypothesis and Alternative
Hypothesis, Two tailed and One tailed hypothesis test, p- [Link] Distribution, t-
Distribution, Chi-Square Distribution & F Distribution.

Macroeconomics

Unit 1: Macroeconomic Accounting: (15 Hours)

Stocks and Flows; Output and Income; Income and Expenditure; Saving and Investment; Real
and Nominal Income; The open economy
Unit 2: Determination of National Income and the Price Level: (15 Hours)
The Keynesian Model: IS-LM Analysis, Fiscal and Monetary Policy The role of expectations:
The AS-AD Model; Inflation and Unemployment
Unit 3: The Open Economy: (15 Hours)
Definitions and Concepts: The trade balance, Balance of Payments, Capital Mobility
Automatic adjustment, the classical approach Fixed Exchange Rates: The IS-LM-BP model,
Monetary and Fiscal Policy Flexible Exchange Rates: The IS-LM-BP model, Monetary and
Fiscal Policy
Unit 4: Microfoundations of Macroeconomics: (15 Hours)
Consumption: Consumption smoothing, temporary and permanent shocks Investment: The
optimal capital stock, irreversibility and investment The demand for money: Money, bonds,
and private wealth, financial assets Seigniorage: The optimal level of seigniorage