1. Semester: III/IV
2. Number of credits: 4

Preamble
The elective is useful for both structural analysis and policy guidance in an economy. It helps in revealing the quantitative significance of various types of interdependence. This course will provide hands on computer for applications and analysis.

Evaluation Pattern:
The evaluation will be done through 40 marks of continuous evaluation and a 60 marks end-semester examination. The 40 marks of evaluation will consist of a mid-term examination of 20 marks (two questions to be attempted over one hour) and a project of 20 marks on Modules 3 and 4. The project topics will be announced by the 4th teaching week of the semester and the projects should be in by the 10th teaching week. All modules will carry equal weight for the three hour end-semester examination.

Module 1: Input Output Model (16 lectures)
Static Input Output Models -Definition, Formulation, Scope, technical coefficients, balance equations, economic interpretations, direct and indirect effects, the capital coefficient matrix.
Multiplier and Linkage analysis - Output and Income multipliers, backward and forward linkages, total linkage effect, interpretation of linkages, practical applications. Extended multiplier analysis: employment effects, distribution of income.

Module 2 Dynamic Analysis (8 lectures)
Dynamic Input Output analysis: Dynamic Input output Models, model for planning, projection of economic growth, measurement of economic development and growth potential, use of shadow prices in a developing economy. An Introduction to basics of CGE models and SAM.

Module 3: Dynamic Analysis (12 lectures)
Trade Strategies Import substitution, intensity, measurement, impact. Pattern of international trade, determinants, comparative advantage, the semi-input output method, programming approach.

Module 4 Regional Input Output Analysis (12 lectures)
Regional Models: Single region models and multi region models, Regional Coefficients-Non-survey and partial survey methods- the RAS technique, Location quotients and related techniques.