CBCS , UG Economcis Syllabus – 2014

Bangalore University

FIRST SEMESTER
I Business Economics
SECOND SEMESTER
II Managerial Economics
THIRD SEMESTER
III a) Economics of Infrastructure or
III b) Monetary Economics
FOURTH SEMESTER
IV a) International Business Environment or
b) Public Economics
FIFTH SEMESTER
V Corporate Economics (Compulsory)
Electives
a) Mathematics for Economists
b) Rural Development & Cooperation
c) Economics of Tourism
SIXTH SEMESTER
VI Human Resource Management (Compulsory)
Electives
a) Statistics for Economists
b) Karnataka Economy
c) Hospitality Economics

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 Bangalore University
Department of Economics
CBCS Syllabus 2014-15

I SEMESTER

Business Economics

Module – 1

Introduction to Business Economics – Definition – Objectives – Features of Business

Economics – Decision Making & Forward Planning – Role and Responsibilities of
Business Economist.

Module -2

Demand Analysis – Meaning and Law of Demand – Exception to Law –

Determinants of Demand – Extension & Contraction of Demand, Increase and
Decrease in Demand – Elasticity of Demand – Types of Elasticity – Meaning of
Price, Cross and Income A Types Prices elasticity of demand, Measurement – Total
Outlay Method – Point Method, Arc Method, Problems on Total Outlay – Skill
Development – Factors determining elasticity of demand and its practical
importance.

Module – 3

Demand forecasting – Meaning, Objectives, Types of demand forecasting – Survey

method and Statistical method. Importance of Demand forecasting.

Module – 4

Supply & Cost Analysis – Meaning – Law of Supply, Elasticity of Supply, Short Run
& Long run cost and cost curves, Fixed Cost, Variables cost, Marginal cost &
Average cost, Opportunity cost and Economics of scale – Types of Internal and
external economics, diseconomies, Total Cost - Total Fixed Cost - Total Variable
Cost - Average Cost Average Variable Cost – Short run - Long Run Average Cost -
Opportunity Cost - Money Cost - Real Cost.

Module – 5

Production Function – Producer’s Equilibrium – Isoquant and Isocost curves –

Laws of production – Short Run and Long run.

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Reference:

1. Business Economics – Sankaran

2. Business Economics – Mithani
3. Business Economics – M.M.Guptha
4. Business Economics - Dhingra

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 Bangalore University
Department of Economics
CBCS Syllabus 2014-15

II SEMESTER

Managerial Economics

Module – 1

Nature & Scope of Managerial Economics, Features & Objectives of the Firm,
Profit Theories - Profit Planning – Profit Policies – Break Even Analysis – Meaning
– Assumption & Uses. Determination of BEP in terms of Physical units and
monetary term – BEP Chart.

Module – 2

Price determination under different markets – Perfect Competition – Monopoly –

Price – Price discrimination – dumping - Monopolistic & Oligopoly

Module – 3

Pricing Policy – Meaning – Objectives – factors & General considerations involved

in pricing policy – Methods of pricing – Marginal and full cost pricing – Cost plus,
rate of return method, administered price.

Module – 4

Business Cycles : Nature & Phases of a business cycle. Theories of Business Cycle –
Haw trey’s Theory – Keynesian Theory.

Reference Books :

1. Managerial Economics – Dean Joel

2. Managerial Economics - Varshray and Maheshwari
3. Managerial Economics – Chopra.G.P
4. Managerial Economics Keat
5. Managerial Economics Peterson

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 Bangalore University
Department of Economics
CBCS Syllabus 2014-15

III SEMESTER

ECONOMICS OF INFRASTRUCTURE(A)

Module 1: Introduction

Infrastructure and economic development - Infrastructure as a public good; Social and

physical infrastructure; Special characteristics of public utilities. The peak-load, Off Load
Problem, Dual Principle Controversy; Economies of scale of Joint supply; Marginal Cost
Pricing vs. other methods of pricing in public utilities; Cross-subsidization - free prices,
equality and efficiency.

Module 2: Transport Economics

The structure of Transport Costs and Location of Economic Activities. Demand for
transport. Models of Freight and Passenger Demand. Model Choice; Cost Functions in
the Transport Sector. Principle of Pricing. Special Problems of Individuals Modes of
Transport; Inter-modal condition in the Indian Situation.

Module 3: Communications

Rate-making in Telephone Utilities. Principles of Decreasing Costs in Telephone

Industry. Characteristics of Postal Services. Criteria for Fixation of Postal Rates.
Measurement of Standards of Service in Telephone and Postal Utilities.

Module 4: Energy Economics

Primacy of Energy in the Process of Economic Development. Factors Determining

Demand for Energy; Effects of Energy Shortages. Energy Conservation. Renewable and
Non-conventional Sources of Energy. Energy Modelling. The Search for an Optimal
Energy Policy in the Indian Context.

BASIC READING LIST(Common to III and IV semester

1. Crew, M.A. and P.R. Kleindorfer (1979), Public Utility Economics, Macmillan,
London.

2. Indian Council of Social Sciences Research (ICSSR) (1976), Economics of

Infrastructure, Vol. VI, New Delhi.

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3. National Council of Applied Economic Research (NCAER) (1996), Indian
Infrastructure Report Policy Implications for Growth and Welfare, NCAER, New
Delhi.

4. Parikh, K.S. (Ed.) (1997), India Development Report 1997, Oxford, New Delhi.

5. Parikh, k.S. (Ed.) (1999), India Development Report - 1999-2000, Oxford, New
Delhi.

6. Turvey, R. (Ed.) (1968), Public Enterprises, Penguin, Harmondsworth.

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 Bangalore University
Department of Economics
CBCS Syllabus 2014-15

III SEMESTER
Monetary Economics (B)

Module-1: Nature and functions of money

Meaning-forms of money-functions of money-Gresham’s law- Role of money in
modern economy.

Module-2: Demand and Supply for money

Factors determining supply and demand for money-Quantity theory;-Fisher’s
equation- Cambridge version-Keynesian income and expenditure theory
Inflation: types-causes-effects-remedies-Phillip curve-deflation and stagflation,
Index numbers: uses-limitations- construction of index numbers in India.

Module -3: Commercial Banking

Role of commercial banks in a developing economy- structure of banking system-
functions of commercial bank-balance Sheet-credit creation-portfolio management-
Banking practices and services: Cheques-drafts-bills-passbook-ATM-E-banking-KYC-
RTGS-debit and credit cards-Electronic fund transfer-MICR-IFSC- Money market:
Composition- characteristics-working of Indian money market-capital market.

Module -4: Central Banking and policy

Functions-credit control-Monetary policy-objectives-instruments of monetary
policy-uses of monetary policy-limitations-monetary policy lags-effectiveness of
monetary policy in India.

Reference books
1. Monetary economics : M.L Seth
2. Micro and Macro economics : M.C Vaish
3. Managerial economics : Varshiney and Maheshwari
4. Macro economic theory : M.C Vaish
5. Indian Economy : KPM Sundaram
6. Indian Economy : I.C Dhingra
7. Money Theory and public policy : Kurihara K.K
8. Monetary Economics : Sethi.T.T
9. Monetary Economics : Netra Jain
10.Monetary economics : Suraj B Gupta

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 Bangalore University
Department of Economics
CBCS Syllabus 2014-15

IV SEMESTER
International Business Environment(A)

Module – 1

Meaning and Definition – Concepts – Significance and nature of business

environment – elements of environment – Global environment – Merits and
Demerits.

Module – 2

Economic Environment of Business. Significance and elements of economic

environment – economic systems and business environment – economics planning in
India – Government policies – Industrial policies – Monetary and Fiscal Policies,
Public Sector and economic development.

Module – 3

International and Technological environment, multinational corporations – Foreign

Collaboration in Indian Busienss –Foreign direct investment – Merits and Demerits
with special reference to India. FIIs – International economic institutions, IMF,
IBRD WTO, TRIPS, TRIMS, Dispute settlement in WTO regime, WTO and its
impact on Indian Economy.

Module – 4

Economic Reforms – Need for Economic Reforms – Main features of reforms –

structural changes – privatization, globalization and liberalization.

Module – 5

Foreign Trade of India – Features, Trade Policy, EXIM Bank, Indian Balance of
Payments, disequilibrium – Methods to connect disequilibrium in the BOP.

Reference :
1. Adhikary.M – Economic Environment of Business
2. Ghosh, Biswanathan, Economic Environment of Business
3. Raj Agarwal and Parag Diwan, Business Environment
4. Senguptha.N.K., Government and Business in India
5. Danierls, International Business Environment and Operations
6. Michael V.P. Business Policy and Environment
Bangalore University

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 Department of Economics
CBCS Syllabus 2014-15

IV SEMESTER
Public Economics(B)

Module – 1

Nature & Scope of Public Economics

Meaning – scope – importance – failures of market economy – externalities – public

goods vs private goods – merit goods V/s non merit goods – impure public goods –
Role of government in a mixed economy and in the changing economic environment
– principle of maximum social advantage.

Module – 2
Public Revenue

Sources of public revenue (Centre, State & Local), Taxation and non taxation,
direct and indirect taxes: - Merits and demerits – Cannons of taxation – incidence of
taxation – taxable capacity – optimal taxation 0Laffer curve) recent tax reforms
(VAT & GST – Kelker Committee recommendation)

Module – 3
Public Expenditure

Meaning – Classification of public expenditure plan and non plan development –

development and non development – Wagner law, Role and effects of public
expenditure in economic development –causes for increasing public expenditure in
recent years in India – recent reforms to control public expenditure.

Module – 4
Public Debt

Meaning - need for public debt – sources of public borrowing – classification of

public debt – effects of growth of public debt – causes for growth of public debt –
debt burden and future generation - methods of redemption of debt – debt
controversy,

Reference Books :
Public Finance(2006) – Bhatia.H.L
Public Finance(2009) – B.P.Tyagi
Modern Public Finance – Musgrave
Public Finance(2009) - Lekhi

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 Department of Economics
CBCS Syllabus 2014-15

V SEMESTER
CORPORATE ECONOMICS
(Compulsory paper)

Module -1: Introduction to Corporate Economics

Introduction-meaning-Nature and characteristics of corporate economics- scope
of corporate management and administration-principles of corporate management-
importance of corporate business houses in economic development of a country.

Module-2: Corporate Planning

Introduction- corporate planning- meaning and definitions -nature-objectives-
types of corporate plans-importance of corporate planning-need for corporate planning-
corporate budget allocation- government rules and regulations pertaining to corporate
sector.

Module-3: Human Resource Management, Recruitment and Risk management

Introduction-meaning of HRM-objectives of HRM-functions of HRM-HR
manager; duties and responsibilities-Risk management-labour and management
relationship-environmental accidents-government, courts and media-Stake holders-
priorities of stake holder-importance of human resource planning-benefits of human
resource planning-methods of recruitment of human resource-problems involved in
placement-motivation and leadership style.

Module-4: Corporate Business and Globalization

Introduction- Globalization and market forces: meaning and definition-
Multinational corporations;-Nature and significance of MNCs-working of MNCs-WTO
and corporate sector- Indian corporate houses:-growth, contribution and problems-TATA,

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RELIANCE, INFOSIS, WIPRO, KINGFISHER, BIO EON-Future of corporate sector in
India- Acquisitions and Mergers.

Module -5: Corporate Social Responsibility

Introduction –meaning of CSR-approaches-ethical consumerism-Ethics training-
Social awareness and education- laws and regulations- management psychology-
criticisms and concerns-Recent social security measures under corporate world.

Skill Development
* Prepare charts on corporate houses in India and abroad
* Visit both and small corporate houses
* Present seminar on success stories of corporate houses
* Prepare charts on corporate houses in India and abroad
* Prepare a paper on failure of big corporate houses
* Present a chart on disaster management
* Visit to a corporate house

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 Department of Economics
CBCS Syllabus 2014-15

V SEMESTER
MATHEMATICS FOR ECONOMISTS
(Optional paper)

Module-1: Review of Elementary mathematics

Number system: Equations (linear and quadratic ) simultaneous
equations-functions, linear-quadratic-cubic-exponential and logarithmic functions-
graph-slopes and intercepts of a function-Simple applications of functions in
economics: Derivation of linear demand and supply functions-calculation of
market equilibrium- price and quantity ,interest compounding and national
income calculation-application of linear function in macroeconomic models-
Matrices: types- algebra of matrices(operation with matrices)-determinants and
use of Cramer’s rule in solving simultaneous equations.

Module-2: Differential calculus

Simple rules of differentiation and partial differentiation-Application of
differentiation in economics-calculation of marginal cost, average cost, marginal
revenue ,and average revenue from their respective total cost and revenue
functions-Elasticity theorems: types of elasticity-calculation of price- income- cost
elasticity and cross(partial) elasticity of demand-substitutes and compliments-
Relationship between AR,MR, and price elasticity of demand.

Module-3: Maxima and Minima of functions

Necessary and sufficient conditions for maxima and minima in single and
multivariable functions: Market equilibrium -effect of specific tax- advaleorem tax
and specific subsidy on market equilibrium -Walrasian and Marshallian static
stability condition-Homogeneous functions: Cobb-Douglas production function
and laws of returns- calculation of marginal productivity of labour and capital.

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Module-4: Unconstrained and constrained optimization problems
Un constrained optimization: output-revenue and profit maximization
under perfect competition-profit maximization under monopoly- oligopoly and
duopoly markets.
Constrained optimization: Necessary and sufficient condition for consumer
equilibrium-Numerical problems of utility maximization and production
maximization.

Module -5: Integral Calculus,

Meaning-simple rules of integration-calculation of total revenue and total
cost from their respective MR and MC functions-Calculation of consumer’s
surplus and producer’s surplus.

Skill Development
1. Student s to choose a product, price quantity demand quantity supply and derive the1,
Student is to choose a product, price quantity demand quantity supply and derive the
demand and supply equations in real situation.
2. Calculate market equilibrium price and quantity for any product
3. Distinguish simple and compound rate of interest, collect data about principal amount,
rate interest from any bank and calculate amount, work simple and compound rate of
interest in real situation
4. Student to choose product price and quality demand and supply price elasticity in real
situation

Reference Books
Mathematics and Statistics for Economists G.S Monga
Quantitative methods for Economists R.Veerachamy
Mathematical Analysis for Economists RGD Allen
Theory and Problems of introduction Edward T Dowling
to mathematical economics
An introduction to mathematical economics D.Bose

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 Department of Economics
CBCS Syllabus 2014-15

V SEMESTER
RURAL DEVELOPMENT AND CO-OPERATION

(OPTIONAL PAPER)

Module-1: Introduction to Rural Development

Meaning- nature -scope and importance-need for rural development-
problems of rural sector: rural poverty-causes-poverty alleviation programmes:
i)social welfare programmes. ii) Community development programmes. iii)
Employment guarantee schemes: MGNREGAS iv) Health schemes. v)
National Rural water Supply schemes vi) Rural sanitation schemes.

Module-2: Issues in Rural development

Agriculture: productivity-yield gap in major crops across the countries-land
reforms-national agriculture policy-water resource management-social forestry
and forest preservation-rural industrialization-need for rural industrialization-small
scale industries –cottage industries-PURA-food security in rural areas(PDS).

Module-3: Financing Rural development

Credit needs of rural population: NABARD and rural development-types
of credit-district union of farmers service societies-Decentralized credit planning:
district credit plans-block level planning-20 point programme and rural
development-role of voluntary agencies-training for rural people-role of Gram
Panchayat in rural development-future of rural development-Gram sabha-
Grameena banks-micro finance: SHGs case study.

Module -4: Co-operation

Meaning-significance-principles-classification-co operation and economic
development-partial vie of co operation movement in UK, Germany-origin and

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development of co operative movement in India with special reference to
Karnataka, problems of co operative movement.

Module-5: Agricultural and Non Agricultural co operatives

Co operative v/s collective farming- service co operatives- Co operative
agricultural marketing- Co operative marketing- Co operative processing of
agricultural produce-consumer- co operatives-co operative housing-urban
financial co operative societies-Dairy co operatives-mixed co operative credit
(primary, district, state)- co operative education and training.

Skill Development
1.A chart on various poverty alleviation and employment guarantee programmes in
India.
2. A report on water resource management
3. A chart on rural finance
4. The efficacy of gram Sabah and micro finance
5. Are report on India’s co operative movement
6. A report on co operative education and training.

Reference Books
Rural development : Vasant Desai
Co operation : T.N Hajela
Agricultural Economics : B.P Tygi
Indian Economy : Ruddar Dutt
Indian Economy : I.C Dhingra
Indian Economy : K P M Sundaram
Indian Economy : A.N Agaral
Karnataka Economic Survey, Economic journals pertaining to Karnataka Economy
Annual Budget documents, Kurukshetra, yojana, etc,

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 Department of Economics
CBCS Syllabus 2014-15

V SEMESTER
ECONOMICS OF TOURISM
(OPTIONAL PAPER)

Module –1: Introduction to Tourism Economics:

Tourism: definition- meaning- nature and scope of tourism-Fundamental
concepts: Tourist, travelers, visitor, transit visitor and excursionist - Leisure, recreation
and tourism and their Interrelationship-Tourism Development and National
economy: contribution to GDP-importance of tourism industry in India and
Karnataka-Historical dimensions of tourism: Early travels-emergence of modern
tourism-factors influencing growth and development of international and national
tourism-Impact of industrialization and technological advancement on tourism
industry.

Module –2: Demand and Supply aspects of Tourism

Nature of demand: Factor influencing tourism demand- trends in tourism
demand. Tourism supply: Market Structure and Tourism supply- Supply trends in
tourism-Economic impacts of Tourism: Income and Employment-Balance of
payments -Foreign exchange, Socio-cultural impacts of tourism-cultural
exchange among nations and international understandings-Impacts of tourism on
ecology and environment.

Module –3: Infrastructure and Forms of Tourist transportation

Tourism Infrastructure: Types, Forms and Significance - Accommodation:
Forms and types - Tourist transportation: Air- Surface- Rail and Water-Karnataka
Tourism: Growth and Development of Tourism in Karnataka-Contribution of tourism to
state GDP-Role of KSTDC and private agencies.

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Module-4: Tourism Marketing
Core concepts in Marketing: products market-tourism forecasting-Product
life cycle: New product development-customer satisfaction and related strategies-
marketing airlines-hotel-resort-home stay-travel agencies and other tourism
related services- challenges and strategies.

Module-5: Tourism Policy and Planning

Role government-public and private sectors-role of international
multinationals-state and local tourism organizations-tourism policy 1982 and
2002-investment opportunities and government policy (hotel and tourism
industry) –sources of funding.

Reference Books
*. Vanhove, N. The Economics of Tourism Destinations, Oxford: Elsevier Butter worth
Kotler, Philip : Marketing Management & Hospitality and Tourism Marketing
Sinha, P.C : Tourism marketing
Vearne,: Hospitality marketing
Kotler, Philip and Armstrong Philip: Principle of Marketing, ,
Crough, Marketing Research for Managers.
Singh Raghubir, Marketing and Consumer Behaviour.
Patel, S.G., Modern Market Research, Himalaya Publishing..
Bhatia, A.K., - International Tourism
Seth, P.N., Successful Tourism Management
Bhatia, A.K Tourism development, principles and practices
Pran Nath Seth , Tourism Practices
Yashodhra Jain, Tourism development

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 Department of Economics
CBCS Syllabus 2014-15

VI SEMESTER

ECONOMICS OF HUMAN RESOURCE MANAGEMENT

(COMPULSORY PAPER)

Module -1: Introduction

Meaning-Scope and importance of Human Resource Management-
definition-responsibilities and objectives of Human Resource Management -
Functions-Evolution of Human Resource Management- Quality of a good
manager-Globalization of Human Resource Management -principles and core
concepts of Total Quality Management- Human Resource Management and
Total Quality Management.

Module-2: Human Resource planning and Job analysis

Meaning- definition –Importance- need for Human Resource Planning-
Objectives of Human Resource planning-Human Resource planning system-
Components and process of Human Resource planning-Job analysis: job
description- job specification- job evaluation- job evaluation method –job design.

Module-3: Recruitment and Human Resource Management

Sources of recruitment: Selection process-Test types-Interview types-
Career planning v/s Man power planning- Succession planning-Career planning
process- Career development-Placement and Induction-Performance appraisal
and its methods-Transfer-Promotion and Reward policy.

Module -4: Training of Human Resource

Methods- Distinction between training and development training objectives
–Investment and Training-Identification of training needs-Principles of training
and development-On the job training method-Off the job training method-Wage
and Salary Administration: wage board and pay commission- wage incentive-

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Fringe benefits-employee welfare- safety and health measures-grievance
procedures-redressel of grievances.

Module -5: Human Rights and Human Resource Management

Definition–nature-content-Historical development of Human Resource-
Human rights Declaration-Human Rights and UNO- Human rights;-children
rights-women’s rights-Dalit’s rights-Minority rights-International Human Rights-
National Human Rights Commission-Karnataka Human Rights Commission-
contemporary issues in Human Rights,

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 Department of Economics
CBCS Syllabus 2014-15

VI SEMESTER

STATISTICS FOR ECONOMISTS

(Optional Paper)

Module -1: Concept of statistics, collection, classification, tabulation and

presentation of data

Meaning- uses and limitations of statistics- collection of primary and

secondary data-methods- -framing a questionnaire-sources of secondary data -
Samples-meaning-methods of sampling: random(probability) and non random
(non probability) sampling methods-Classification of data: types of classification-
statistical series-individual discrete and continuous series-frequency table for
discrete and continuous series concept of cumulative frequency-Tabulation data:
Diagrammatic representation-types of diagrams- Graphical representation-
histogram ,frequency curve, frequency polygon-ogives (cumulative frequency
curve).

Module -2: Measures of central tendency

Meaning and characteristics of a good average-Types of statistical
averages-mean, median and mode- Mean-arithmetic mean-simple and
weighted- Arithmetic mean-harmonic mean-geometric mean- relationship
between arithmetic -harmonic and geometric mean-relationship between mean
median and mode.

Module-3: Measures of dispersion

Meaning and measures of dispersion-Range- quartile –derivation- mean
derivation- standard derivation and Lorenz curve –coefficient of variation- the
variance -Skewness and kurtosis (concepts)Correlation and regression:-
correlation –meaning and types measurement of correlation-karl pearsons

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coefficient, Regression-Meaning-regression lines- regression equations of X or Y
and Y or X-relationship between correlation and regression analysis.

Module -4: Time Series analysis and Index Numbers

Time Series analysis: meaning- components and significance of time
series-Methods of estimating trend value-semi average –moving average and
least square method-Index numbers: meaning uses and types of index numbers-
concept of price relative-Methods of constructing index numbers: un weighted
index numbers –simple aggregate method and average of price relative method-
weighted index numbers-Laspeyers method- paasche method and fisher’s Idurl
index numbers-Tests of index number formula-time reversal test and factor
reversal test.

Module-5: Statistical Inference

Estimation: meaning and types of statistical estimation-properties of good
estimates-Hypothesis testing-meaning of hypothesis null and alternative
hypothesis-type 1 and type ii errors –level of significance-confidence interval-
Hypothesis testing methods-Z test- I test -F test and X2 (chi-square) test
(concepts only).

Reference books
1. Mathematics and Statistics for Economists : G. S Monga
2. Quantitative methods for economists : R.Veerachamy
3. Quantitative techniques : DR, S Sachdeva
4. Business Statistics : Wilson
5. Statistics : Gupta

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 Department of Economics
CBCS Syllabus 2014-15

VI SEMESTER
KARNATAKA ECONOMY
(Optional paper)

MODULE- 1: Introduction

Total geographical area-land use pattern-HDI in Karnataka-Features of

Karnataka economy- Demographic profile of Karnataka : Trends in population
growth-growth rate-density –age- sex and size composition –population policy-
rural urban migration-changes in occupational structure-Karnataka as knowledge
capital of India -Karnataka as FDI destination.

MODULE -4: Poverty and Unemployment in Karnataka

Poverty: Rural and Urban poverty-causes-incidence-Relevance of
Tendulkar and C. Rangarajan poverty indices-Unemployment: Types-Causes-
Employment generation and poverty alleviation programs-i) self employment
program ii) wage employment program-iii) Habitat development program--
Recent special programs initiated by government of Karnataka- Regional
imbalances in Karnataka:-causes. Dr.M.Nanjudappa committee report-Issues
related to Hyderabad Karnataka: need for special status - Self Help Group-
women empowerment.

MODULE- 3: Agriculture
Trends in agricultural production: Causes for low Agriculture productivity-
dry land farming- cropping pattern -water shed management in Karnataka -
irrigation- 2nd green revolution- agriculture marketing- agriculture finance-
institutional and non institutional sources-cooperative credit-Role of micro finance
in agriculture-interstate water disputes.

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MODULE-4: Industry and Tertiary Sector
Recent industrial policy of government of Karnataka-small scale
industries-importance, growth and problems- Sources of industrial finance-
Information technology and economic growth of Karnataka-Energy sector-growth
and problems-Transport and Communication: growth and development- with
reference to KSRTC-BMTC- BMRCL
Recent roads development projects-Status of exports and imports of Karnataka-
Karnataka’s trade policy-Health and nutrition in Karnataka.

MODULE-5: Public Finance

Sources of revenue: Tax and Non Tax-Devolution of resources: Tax
sharing- grants in aid-public barrowings-problems of Karnataka’s tax system-
Growth of public expenditure-Karnataka budget: Budget deficit-fiscal deficit in
Karnataka-state finance commission-Debt management in Karnataka-E-
governance in Karnataka.

Reference Books
Government of Karnataka : Economic Survey
Karnataka Economy : O.D Heggade
Karnataka Economy : Dr.Prasanna and Dr. Shivananda
Karnataka Economy : Planning Commission Report
Indian Economy : A.N Agaral
Karnataka Economic Survey : Economic journals pertaining to Karnataka Economy
Annual Budget documents, Kurukshetra, yojana, etc,.

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 Department of Economics
CBCS Syllabus 2014-15

VI SEMESTER
HOSPITALITY ECONOMICS
(Optional paper)

Module -1: Introduction to Hotel economics

Meaning- definition- scope and importance of Hotel Economics-ownership
structure: pavement hotels- Sole-proprietorship- partnership- Franchisees-
Management Contract – their advantages and disadvantages.-ITDC-KSTDC-
Hotel management: managerial skills and rolls –managerial ethics and
organizational culture-Organization: concept of organizing hotel industry-
organizational structure and design- line and staff-authority and responsibility-
span of control- delegation-decentralization.

Module-2: Growth and Development of Hotel Industry

Development of hotel industry over the ages-Indian hotel industry in
comparison with international hospitality-Front office: Layout - sections - and
Qualities of Front Office staff. -House keeping: concept- importance and scope –
marketing of hotel products: Marketing Strategies- Marketing Mix- Planning-
Marketing Department Organization- food and beverages: Introduction- types-
Organization of F&B Services in different types of Hotels-Factors involved in
hotel industry: catering -Classification - commercial and non commercial -
engineering and maintenance-Finance and accounting;-accounting concepts-
classification of accounts- rules of debit and credit-classification of hotel
departments: revenue and non-revenue-inter and intra departmental linkages
and co ordination.

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Module-3: Hotel industry and tourism
Link between tourism and hospitality industry-trends in hospitality industry
in India and Karnataka-emerging trends of hospitality industry-issues and
challenges-prospects-Quality aspects in hotel industry-health and hygiene.

Module -4: Demand and Supply of hotel industry

Nature of demand: determinants of demand-nature of tourism demand-
supply of hospitality –determinants of tourism and hospitality supply-changes in
supply and demand since 1991-Strategies in hotel management: profit
measurement and profit planning-cost benefit analysis-determinants of
investment decision in tourism and hospitality.

Module-5: Policy and Planning

Government policy towards hotel industry –controls-regulations and
initiatives towards growth and development of tourism and hotel industry in India
and Karnataka- problems of hotel industry - measures (monetary and non
monetary)-employment of child labour –Social Security in hotels -Hotel Security:
concept- importance- Type- Organization structure-Application of security in
Hotels- scope and trends.

Reference Books
Hotels for Tourism Development : Dr. Jagmohan Negi
Principles of grading and classification of hotels,
Tourism restaurant &resorts - : Dr. J. Negi
Management Theory & Practice : C.B.Gupta,
Introduction to Hospitality Industry : Bagri SC &Dahiya Ashish,
Introduction to Hospitality, : Walker John R. Prentice Hall of India.
Hospitality Today : W.Lattin Attn. Rocco; Andrew Vladimir,
Tourism and the hospitalities : Joseph D. Fridgen
Hospitality Mgt. : Kevin Baker, Jeremy Hayton
Text book of Food & Beverage Service : S.N. Bagchi & Anita Sharma –
Food & Beverage Service : Anil sagar & Deepak Gaur- A.

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