Profile of the School of Social Sciences, Doon University
The profile of the School of Social Sciences is multidisciplinary and multifaceted and includes leading disciplines with focus on sustainable development. Presently, the School is offering Masters’ (MA) programme in Economics.
Doon University, with its emphasis on being a centre of excellence, aims to provide high quality education and teach the latest and best in the field of Economics. The programme has been also sensitized to meet local aspirations. The course structure and curriculum has been designed with an idea to develop independent and creative thinking among students and prepare them for higher studies and research as well as enhance their employability in the corporate sector, NGO and/or other sectors. The focus is to develop analytical skills and their application to emerging economic issues of time.
Prior to the commencement of this programme, a Brainstorming session of experts from different organization was held on 28th March 2010 to discuss the nature, focus and orientation of this programme as well as the curriculum and course structure. The eminent experts present during the meeting were Shri R.K.Singh, OSD Higher Education, Govt. Of Uttarakhand, Prof. S.P. Singh, Head Economics, IIT Roorkee, Prof. E. Somanathan, Indian Statistical Institute, New Delhi, Prof. Chetan Ghate, Associate Professor, Planning Unit, ISI, Prof. Tridip Ray, Associate Professor, Planning Unit, ISI, Prof. Arunava Sen, Planning Unit, ISI and Prof. Sripad Motiram, Associate Professor, Indira Gandhi Institute of Development Research, Mumbai. And, through much debate, discussion and analysis, a comprehensive and contemporary course was designed.
Course Outline for MA Economics
What follows is a semester-wise distribution of the course and the course structure and content of this programme:
SEMESTER-I
SSE-501 Microeconomics-I
SSE-502 Mathematical Methods
SSE-503 Statistical Methods
SSE-504 Development Economics
SEMESTER-II
SSE-505 Microeconomics-II
SSE-506 Macroeconomics-I
SSE-507 Econometrics-I
SSE-508 Environmental Economics
SEMESTER-III
SSE-509 Macroeconomics-II
Elective paper-I
Elective paper-II
Thesis-I (Research Methodology)
SEMESTER-IV
Elective paper-III
Elective paper- IV
Thesis-II (Research Proposal)
Thesis-III (Research Dissertation)
From the second year onwards (that is from Semester-III), the classroom papers would be reduced and the students would be assigned a thesis. The thesis would carry the credits of three papers and would be distributed between the third and fourth semester as one credit and two credits, respectively. The topic of the student’s thesis should be related to the electives selected by him/her.
Also, it is proposed that the University may take recourse to module teaching. Modules could be concentrated (say) in three weeks, three hours per day.
COURSE STRUCTURE:
MICROECONOMICS-I
1. Elements of Consumption and Production Theory.
2. Market Structure
3. Elements of Game Theory
MICROECONOMICS-II
1. General Equilibrium
2. Market Failure and Welfare Economics
3. Uncertainty and Information System-Adverse Selection and Moral Hazards.
Suggested Readings:
1. Introductory Economic Analysis- R. Preston McAfee.
2. An Introduction to Game Theory- Martin J. Osborne, Oxford University Press.
3. Undergraduate textbook by Samuel Bowles.
DEVELOPMENT ECONOMICS:
1. Introduction- concept, history, schools of thought.
2. State, Market and Decentralization.
3. Poverty, Inequality, Population, Migration, urbanization and structural sector model.
4. Agriculture-land, labor, credit, insurance and their inter-linking.
Suggested Readings:
1. Development Economics-Debraj Ray, Oxford University Press.
2. Process of Economic Development- James M. Cypher and James Dietz.
MATHEMATICAL METHODS
1. Linear Algebra
2. Multivariate Calculus
3. Optimization
Suggested Readings:
1. Mathematics for Economist- Simon and Blume
2. Mathematical Economics-Chiang
MACROECONOMICS-I
1. Classical models
2. Dynamic Optimization Tools
3. Growth Theory
4. Business Cycles and Fiscal Policies
5. Unemployment
Suggested Readings:
Textbooks:
1. Advanced Macroeconomics-David Romer.
2. Introduction to Economic Growth- Charles I. Jones.
Further readings: Macroeconomics by Errol D’Souza; Macroeconomics by Oliver Blanchard; Introduction to Modern Economic Growth by Daron Acemoglu; The ABCs of RBCs: An Introduction to Dynamic Macroeconomic Models by George McCandless
MACROECONOMICS-II
1. New Keynesian Models
2. Monetary Policy Analysis
3. Open Economy-International economics, Exchange Rates, Capital Flow, International Financial Crisis
Suggested Readings:
Textbooks:
1. Advanced Macroeconomics-David Romer.
2. Will be selected from the following suggested ones:
International Economics by Krugman and Obstfled;Monetary Policy, Inflation and the Business Cycle: An Introduction to New Keynesian Framework by Jordi Gali; International Money and Finance by Hallwood and McDonald; International Macroeconomics by Pikoulokis, MacDonald and Van Der Ploeg.
ENVIRONMENTAL ECONOMICS:
1. Market Failure and Externalities
2. Valuation of Non-marketable goods
3. Environmental Policy Instruments
4. Renewable Resources and Common Property Resources.
Suggested Readings:
1. Environmental Economics- Charles Kolstad
2. Environmental Economics-Thomas, Callan
STATISTICAL METHODS:
Will go all the way from basic concepts to linear regression analysis.
Suggested Readings:
1. Mathematical Statistics- John Freund and Wapole.( Eastern Economy edition)
2. Teaching Statistics: A Bag of Tricks- Andrew Coleman & Deborah Nolan. OUP
3. Introduction to Mathematical Statistics-Mood, Graybill and Boes ( Indian edition)
The software package STATA or a free open-source alternative is “R”.
ECONOMETRICS-I
The focus of the course will be on applied econometrics. Since regression is covered in statistical methods, this course will discuss the issues one encounters in applying regression analysis in real life contexts.
Model Specification, Endogeneity, Solutions to Endogeneity-instrumental variables, randomized trials and propensity score matching, Relaxation of other assumptions in the classical linear model (eg. Heteroskedasticity, multicollinearity)
Suggested Readings:
1. Introductory Econometrics –Woodrigde
2. Basic Econometrics-Gujrati
3. Introduction to Econometrics-Stock and Watson
4. Mostly Harmless Econometrics, by Joshua Angrist and Jorn-Steffen Pischke.(Chapter 1 to 3.2, Section 4.1).
LIST OF ELECTIVES:
These are indicative, and at the beginning of the academic year, the courses being offered will be notified.
1. Issues in Environmental Economics
2. Public Finance or Public Economics
3. Development and Political Economy
4. Public Policy- Theory and Practices
5. Gender Economics-Women and the Economy
6. Regional Development or Regional Economics-with special emphasis on Uttarakhand
7. Economics of Discrimination
8. Indian Economy
9. Research Methodology
10. Banking and Monetary Economics
11. International Trade and International Finance
12. History of Economic Thought
13. Economic History
14. Economics of Industrial Organization and Strategy
15. Contract Theory
16. Agricultural Economics
17. Econometrics-II
18. Game Theory
19. Economics of Energy and Infrastructure
20. Poverty and Inequality
21. Decentralization and Development
22. Special Topics ( could include any issue that is of interest to students and a particular instructor)
The profile of the School of Social Sciences is multidisciplinary and multifaceted and includes leading disciplines with focus on sustainable development. Presently, the School is offering Masters’ (MA) programme in Economics.
Doon University, with its emphasis on being a centre of excellence, aims to provide high quality education and teach the latest and best in the field of Economics. The programme has been also sensitized to meet local aspirations. The course structure and curriculum has been designed with an idea to develop independent and creative thinking among students and prepare them for higher studies and research as well as enhance their employability in the corporate sector, NGO and/or other sectors. The focus is to develop analytical skills and their application to emerging economic issues of time.
Prior to the commencement of this programme, a Brainstorming session of experts from different organization was held on 28th March 2010 to discuss the nature, focus and orientation of this programme as well as the curriculum and course structure. The eminent experts present during the meeting were Shri R.K.Singh, OSD Higher Education, Govt. Of Uttarakhand, Prof. S.P. Singh, Head Economics, IIT Roorkee, Prof. E. Somanathan, Indian Statistical Institute, New Delhi, Prof. Chetan Ghate, Associate Professor, Planning Unit, ISI, Prof. Tridip Ray, Associate Professor, Planning Unit, ISI, Prof. Arunava Sen, Planning Unit, ISI and Prof. Sripad Motiram, Associate Professor, Indira Gandhi Institute of Development Research, Mumbai. And, through much debate, discussion and analysis, a comprehensive and contemporary course was designed.
Course Outline for MA Economics
What follows is a semester-wise distribution of the course and the course structure and content of this programme:
SEMESTER-I
SSE-501 Microeconomics-I
SSE-502 Mathematical Methods
SSE-503 Statistical Methods
SSE-504 Development Economics
SEMESTER-II
SSE-505 Microeconomics-II
SSE-506 Macroeconomics-I
SSE-507 Econometrics-I
SSE-508 Environmental Economics
SEMESTER-III
SSE-509 Macroeconomics-II
Elective paper-I
Elective paper-II
Thesis-I (Research Methodology)
SEMESTER-IV
Elective paper-III
Elective paper- IV
Thesis-II (Research Proposal)
Thesis-III (Research Dissertation)
From the second year onwards (that is from Semester-III), the classroom papers would be reduced and the students would be assigned a thesis. The thesis would carry the credits of three papers and would be distributed between the third and fourth semester as one credit and two credits, respectively. The topic of the student’s thesis should be related to the electives selected by him/her.
Also, it is proposed that the University may take recourse to module teaching. Modules could be concentrated (say) in three weeks, three hours per day.
COURSE STRUCTURE:
MICROECONOMICS-I
1. Elements of Consumption and Production Theory.
2. Market Structure
3. Elements of Game Theory
MICROECONOMICS-II
1. General Equilibrium
2. Market Failure and Welfare Economics
3. Uncertainty and Information System-Adverse Selection and Moral Hazards.
Suggested Readings:
1. Introductory Economic Analysis- R. Preston McAfee.
2. An Introduction to Game Theory- Martin J. Osborne, Oxford University Press.
3. Undergraduate textbook by Samuel Bowles.
DEVELOPMENT ECONOMICS:
1. Introduction- concept, history, schools of thought.
2. State, Market and Decentralization.
3. Poverty, Inequality, Population, Migration, urbanization and structural sector model.
4. Agriculture-land, labor, credit, insurance and their inter-linking.
Suggested Readings:
1. Development Economics-Debraj Ray, Oxford University Press.
2. Process of Economic Development- James M. Cypher and James Dietz.
MATHEMATICAL METHODS
1. Linear Algebra
2. Multivariate Calculus
3. Optimization
Suggested Readings:
1. Mathematics for Economist- Simon and Blume
2. Mathematical Economics-Chiang
MACROECONOMICS-I
1. Classical models
2. Dynamic Optimization Tools
3. Growth Theory
4. Business Cycles and Fiscal Policies
5. Unemployment
Suggested Readings:
Textbooks:
1. Advanced Macroeconomics-David Romer.
2. Introduction to Economic Growth- Charles I. Jones.
Further readings: Macroeconomics by Errol D’Souza; Macroeconomics by Oliver Blanchard; Introduction to Modern Economic Growth by Daron Acemoglu; The ABCs of RBCs: An Introduction to Dynamic Macroeconomic Models by George McCandless
MACROECONOMICS-II
1. New Keynesian Models
2. Monetary Policy Analysis
3. Open Economy-International economics, Exchange Rates, Capital Flow, International Financial Crisis
Suggested Readings:
Textbooks:
1. Advanced Macroeconomics-David Romer.
2. Will be selected from the following suggested ones:
International Economics by Krugman and Obstfled;Monetary Policy, Inflation and the Business Cycle: An Introduction to New Keynesian Framework by Jordi Gali; International Money and Finance by Hallwood and McDonald; International Macroeconomics by Pikoulokis, MacDonald and Van Der Ploeg.
ENVIRONMENTAL ECONOMICS:
1. Market Failure and Externalities
2. Valuation of Non-marketable goods
3. Environmental Policy Instruments
4. Renewable Resources and Common Property Resources.
Suggested Readings:
1. Environmental Economics- Charles Kolstad
2. Environmental Economics-Thomas, Callan
STATISTICAL METHODS:
Will go all the way from basic concepts to linear regression analysis.
Suggested Readings:
1. Mathematical Statistics- John Freund and Wapole.( Eastern Economy edition)
2. Teaching Statistics: A Bag of Tricks- Andrew Coleman & Deborah Nolan. OUP
3. Introduction to Mathematical Statistics-Mood, Graybill and Boes ( Indian edition)
The software package STATA or a free open-source alternative is “R”.
ECONOMETRICS-I
The focus of the course will be on applied econometrics. Since regression is covered in statistical methods, this course will discuss the issues one encounters in applying regression analysis in real life contexts.
Model Specification, Endogeneity, Solutions to Endogeneity-instrumental variables, randomized trials and propensity score matching, Relaxation of other assumptions in the classical linear model (eg. Heteroskedasticity, multicollinearity)
Suggested Readings:
1. Introductory Econometrics –Woodrigde
2. Basic Econometrics-Gujrati
3. Introduction to Econometrics-Stock and Watson
4. Mostly Harmless Econometrics, by Joshua Angrist and Jorn-Steffen Pischke.(Chapter 1 to 3.2, Section 4.1).
LIST OF ELECTIVES:
These are indicative, and at the beginning of the academic year, the courses being offered will be notified.
1. Issues in Environmental Economics
2. Public Finance or Public Economics
3. Development and Political Economy
4. Public Policy- Theory and Practices
5. Gender Economics-Women and the Economy
6. Regional Development or Regional Economics-with special emphasis on Uttarakhand
7. Economics of Discrimination
8. Indian Economy
9. Research Methodology
10. Banking and Monetary Economics
11. International Trade and International Finance
12. History of Economic Thought
13. Economic History
14. Economics of Industrial Organization and Strategy
15. Contract Theory
16. Agricultural Economics
17. Econometrics-II
18. Game Theory
19. Economics of Energy and Infrastructure
20. Poverty and Inequality
21. Decentralization and Development
22. Special Topics ( could include any issue that is of interest to students and a particular instructor)
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