Overview

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Description

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