BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE, PILANI HYDERABAD CAMPUS INSTRUCTION DIVISION FIRST SEMESTER 2012-2013 Course Handout

(Part II)
03.8.2012 In addition to Part-I (General Handout for all courses appended to the time table) this portion gives further specific details regarding the course. Course No. Course Title Instructor-in-charge Instructor 1. Course Description: Problems of Indian agriculture; land reforms; input management; pricing of agricultural output; rural infrastructure; rural credit and commercial banking; underemployment and rural-urban migration; agriculture v/s industry; small scale v/s large scale; public sector v/s private sector; joint sector; size of the plan and budgetary resources; inflation and income growth; taxation and black money; sharing of resources between center and states; regulations and black market; import substitutions and export promotion; expansion of money supply and monetary controls. 2. Scope and Objective of the Course: The course has been designed to impart an in depth understanding of issues in Indian Economy. The course will expose the students to empirical data pertaining to Indian economy. 3. Text Book: Jalan, Bimal (Ed.) The Indian Economy: Problems and Prospects, Viking, 1992. : ECON C421 : Issues in Indian Economy : Dr. Maya Pavithralal : Prof. Nageshwar Rao

Reference Books: The RBI Bulletin, Economic and Political Weekly. Report on Currency and Finance, Economic Survey, Economic Times. Terence J Byres (Ed.)., The Indian Economy: Major Debates Since Independence, Oxford India Paper Backs, New delhi, 1999 rd Rudra Datt & KPM Sundharam, Indian Economy, S. Chand & Company Ltd., New Delhi, 33 edition. Drelze & Amartya Sen, Indian Development, Oxford University Press, Delhi, 1999. G.M. Meir & James E. Rauch, Leading Issues in Economic Development, Oxford University Press, th 7 edition. 4. Course Plan: Lecture No. 1-2 Learning Objectives Introduction; Indian Economy: Present State and the Perspective Topics to be Covered Introduction T. p.38-90 T:p126-155 Reference to Text Book

3-6

7-10

To analyze the structure of Indian Agricultural sector Agriculture sector; appropriate (a) Land reforms policy measures to attain food self (b) Input management; Pricing of sufficiency and eradication of mass agricultural output poverty (c) Rural Infrastructure; Rural credit and commercial banking To study the nature, magnitude and Unemployment, Underemployment problems of unemployment; policies and Rural-Urban migration.

T:p368-380

11-13 14-16

17-23

24-25

26-27

28

29-32

33-35

36-37

38

39 40

for boosting employment and their efficacy in the global environment To understand the sectoral input- Agriculture V/s Industry output ratios To study the role of industrial policy Industrial Sector & Services in the context of liberalization and Sector globalization (a) Small scale v/s Large scale. (b) Public sector v/s Private sector v/s Joint sector Reasons underlying low Human Human Resources Development Index and measures (Education, Population, Health & to raise it Nutrition, Gender and Development) Relevance of planning and its Size of the plan and budgetary procedure; Union Budget and its resources economic impact especially upon (Union Budget) growth Fiscal measures to correct Inflation and Income growth; imbalances and enhance economic Taxation and black money growth Policy measures for achieving Savings & Investment targeted savings and channelization to investment Role of Finance Commission, a) Sharing of Resources between Statutory Controls and RBI in Centre & States balanced economic growth and b) Import substitution and export development promotion c) Money supply and Monetary Controls. Measures to improve balance of International Trade & Technology payments and the role of MNCs and Transfer FDI in the globalized environment; World Trade Organization: features and assessment Long term issues regarding Development & The Environment environmental concerns from an economic perspective Rationale and justification of Economic Reforms economic reforms; State for market and public services India- features, standing and India and the World Economy problems in the world Summary of major economic issues Concluding Lecture from a political angle

Class Notes T:p92-123

T:p310-335

T:p258-281

T:p141-162

T:p 156-180

Class Notes

T:p182-215

Class Notes

Class Notes

Class Notes ----

4. Evaluation Schedule: _____________________________________________________________________________________ S.No. Evaluation Duration Weightage Date & Time --Venue Nature of Component Evaluation _____________________________________________________________________________________ 1. Test I 50 min. 20 22/9/2012 11.00-12.00 a.m Closed Book 2. 3. Test II 50 min 20 20 03/11/2012 11.00-12.00 a.m Closed Book will be announced in the class

Assignment/ Project/Quiz

4. Comprehensive 3 hrs. 40 01.12.2012 FN Partly Open Book ___________________________________________________________________________________

5. Chamber consultation hour: To be announced in the class. 6. Notices: All notices regarding the course would be put on LTC Notice Board. 7. Make-up Policy: Make-up may be given only on genuine grounds, if prior permission obtained from the I.C. Instructor-in-charge ECON C421