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Unit 1: Introduction
- What is Economics?
- Meaning, scope and importance of statistics in Economics
Unit 2: Collection, Organisation and Presentation of Data
- Collection of data - sources of data - primary and secondary; how basic data is collected; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organisation
- Organisation of Data: Meaning and types of variables; Frequency Distributions
- Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data: (i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon and ogive) and (iii) Arithmetic line graphs (time series graph)
Unit 3: Statistical Tools and Interpretation
- Measures of Central Tendency - mean (simple and weighted), median and mode
- Measures of Dispersion - absolute dispersion (range, quartile deviation, mean deviation and standard deviation); relative dispersion (co-efficient of quartile-deviation, co-efficient of mean deviation, co-efficient of variation); Lorenz Curve: Meaning and its application
- Correlation - meaning, scatter diagram; Measures of correlation - Karl Pearson's method (two variables ungrouped data) Spearman's rank correlation.
- Introduction to Index Numbers - meaning, types - wholesale price index, consumer price index and index of industrial production, uses of index numbers; Inflation and index numbers.
Unit 4: Development Experience (1947-90) and Economic Reforms since 1991
- A brief introduction of the state of Indian economy on the eve of independence. Common goals of Five Year Plans.
- Main features, problems and policies of agriculture (institutional aspects and new agricultural strategy, etc.), industry (industrial licensing, etc.) and foreign trade.
- Economic Reforms since 1991: Need and main features - liberalisation, globalisation and privatisation; An appraisal of LPG policies.
Unit 5: Current challenges facing Indian Economy
- Poverty - absolute and relative; Main programmes for poverty alleviation: A critical assessment
- Rural development: Key issues - credit and marketing - role of cooperatives; agricultural diversification; alternative farming - organic farming
- Human Capital Formation
- Employment: Formal and informal, growth and other issues: Problems and policies
- Inflation: Problems and Policies
- Infrastructure: Meaning and Types: Case Studies: Energy and Health: Problems and Policies- A critical assessment
- Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming
Unit 6: Development Experience of India
- A comparison with neighbors
- India and Pakistan
- India and China
- Issues: growth, population, sectoral development and other developmental indicators
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