Gauhati University Question Papers for Economics 5th Semester
Gauhati University Question Papers for Economics 5th Semester
Question Paper from 2010 available
More than 50 question papers every semester
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Paper 101 | 
 Paper 102 | 
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2011 | 
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2013 | 
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Syllabus Down here
M 501 ELEMENTS OF PUBLIC FINANCE Unit 1: NATURE AND SCOPE OF PUBLIC FINANCE
Nature
and scope of Public Finance; Public Goods and Private Goods; Role of Public
Finance; Principles of Public Finance—Principle of Maximum Social Advantage
Unit 2:
PUBLIC REVENUE
Concepts 
of  Revenue  Receipt  and  Non-revenue  Receipt; 
Sources  and  Classification  Public
Revenue;
Tax and Non-tax Revenues
Unit 3:
PUBLIC EXPENDITURE
Public
Expenditure; Causes for growth of Public Expenditure(Wagnar's Law);
Classification of
Public 
 Expenditure;   Canons   of   Public 
 Expenditure;   Effects   of   Public 
 Expenditure   on
---Production, 
Distribution  and    Economic  Stability; 
Importance  of  Public  Expenditure  in
Developing
Countries
Unit 4:
PUBLIC DEBT:
Sources
of Public Debt--Internal and External Debt; Burden of Public Debt; Redemption
of
Public
Debt; Debt Trap; Role of Public Debt with special reference to developing
Countries.
M 502
BASIC STATISTICS FOR ECONOMICS
(For Arts
Stream only)
Unit 1: CENTRAL
TENDENCY AND DISPERSION
Measures
of Central Tendency-Arithmetic Mean , Median, Mode and Geometric mean;
Measures
of Dispersion-Range, Mean Deviation, Quartile deviation, Standard Deviation,
Coefficient of Variation,
Unit 2:
CORRELATION AND REGRESSION
Correlation;
Coefficient of linear correlation; Rank Correlation, Partial Correlation;
Regression
Analysis-Estimation 
 of  regression  line  in  a  bivariate 
distribution-Least   squares  method, properties of regression
coefficients.
Unit 3:
PROBABILITY
Concept,
Rules of probability (Addition and Multiplication); Conditional Probability,
concept of
discrete
and continuous   Random variables and mathematical expectation
(relating to only discrete random variable), Standard Probability distribution:
Binomial, Poisson and Normal (basics only).
 M 502 ELEMENTARY ECONOMETRICS
(For
Science Stream only)
Unit 1:
THEORETICAL DISTRIBUTION
Theoretical
frequency Distribution and application of binomial, Poisson and normal
Unit 2:
STATISTICAL INFERENCE
Concepts
of sampling distribution and standard error of statistic- methods of
estimation: Least
square
and maximum likelihood, characteristics of a good estimator – testing of
hypothesis: type I  and  type  II errors,  one tailed 
and two tailed  tests- tests  based  on standard 
normal,  t and chi-square distribution.
Unit 3:
LINEAR REGRESSION MODELS
Statistical 
and  deterministic  relationship;  Two  variable 
linear  regression  model  –the  linear
specification-standard
assumptions and ordinary least squares (OLS ) estimations- properties of the
OLS estimators decomposition of the sum of square and the co-efficient of
determination- tests  of  hypothesis  about 
regression  parameters  and  their  confidence 
interval-  prediction  – extension to three variable regression –
partial correlation- violation of classical least square assumptions. 
M 503
INTRODUCTION TO ENVIRONMENTAL ECONOMICS
Unit 1:
Nature and scope of environmental economics, Economy-environment interaction
Unit 2: Market failure, externality, public good-Environment as a public good,
Tragedy of Commons
Unit 3:
Environmental Kuznets's Curve, Pollution Control Policies: Command and control
approach, Incentive based approach: Taxes, Liability Law and tradeable permits
Unit 4:
Global Environmental Issues: Climate Change – Implications and Mitigation
M 504
INTERNATIONAL TRADE: THEORY AND POLICY Unit 1: THEORIES OF INTERNATIONAL TRADE
Trade 
Theories-Ricardian  Theory  of  Comparative  Cost 
Advantage;  Factor  Endowments  and
Heckscher-
Ohlin Theory; Empirical Test of H-O Model- Leontief Paradox; Factor Intensity
Reversal
Unit 2:
TERMS OF TRADE AND GAINS FROM TRADE
Concepts 
of  Terms  of  Trade;  Factors  affecting 
Terms  of  Trade;  Gains  from  Trade;  Offer
Curves,
Distribution of gains from trade in terms of Offer Curves,Trade as an Engine of
Growth.
Unit 3:
INTERNATIONAL TRADE POLICY
Free 
Trade  and  Protection-  Arguments  for  and 
against  Free  Trade  and  Protection;  Tariffs-
Classifications
of Tariffs, Effects of Tariffs- Partial Equilibrium analysis, Concept of
Optimum
Tariff
and Retaliation; Quotas- Types, Effects; Tariffs versus Quotas.
M 505
HISTORY OF ECONOMIC THOUGHT I
Unit 1:
EARLY PERIOD: Mercantilism: Tenets, Rise & Fall.
Physiocracy:
Tableau Economique of Quesnay, concept of Natural Order, Produit Net, Taxation,
Trade.
Unit 2:
CLASSICAL PERIOD:
Adam
Smith: Views on division of labour, theory of value, capital
accumulation,   istribution, trade, and economic development; David
Ricardo:   Main Contributions in brief;Thomas Robert Malthus: Theory
of Population, Theory of Glut; J. B. Say: Laws f Market; J. S. Mill:
Restatement of the Classical Theory.
Unit 3:
SOCIALIST THOUGHTS: Contributions of Karl Marx: Theory of Value, Theory of
Surplus,
Theory of Economic Development.
M 506
DEVELOPMENT POLICY AND THE INDIAN ECONOMY
Unit 1:
Basic Features of Indian economy: Trend and Composition of National Income and
Per Capita Income, Occupational Distribution, Basic Demographic features,
Increasing Importance of the Tertiary Sector: Trend and Composition within the
Tertiary Sector.
Unit 2:
Poverty, Inequality and Unemployment: Conceptual and Measurement Issues – the
Indian
Situation
Unit 3:
Role of Agriculture in Economic Development: Barriers to Agricultural Growth;
Land Reforms in India – Rationale, Measures and Impact; Green Revolution and
Indian Agricultural Growth; Food Security and Public Distribution System.
Unit 4:
Role of Industries in the Development Process: Large vs. Medium, Small and
Micro Enterprises (MSME); An overview of the India’s Industrial Progress –
Overview of the Industrial Development Strategy before Reforms, Industrial
Policy of 1991 and Liberalization.
 

 
 
 
 
 
 
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