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Economics

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Programme Specific Outcomes

  • To understand the basics of Economics.
  • To develop a skill to solve real life economic problems in the context of industry and field survey.
  • To understand basic principles of economics.
  • To have a general idea regarding the basic economic functioning, economic policies and economic history of the Indian economy.
  • To develop skill and methodologies to solve empirical problems such as identify, compile and analyze quantitative data, expressing the results of the analysis through diagrams, tables and graphs.
  • Basic knowledge of statistics and calculus.
  • To understand the concepts and policies regarding issues like unemployment, inflation, economic growth, market operations, banking, government activities, foreign trade and national income.

Course outcomes

B.Sc. Honours in Economics

Core course:

Semester 1, Core Course 1, Introductory Microeconomics, Code ECOACOR01T

  • Knowledge about basic concepts of economics like scarcity, choice, value, price, economic system, property rights etc.
  • Concepts of demand, supply and how the market operates.
  • Understanding consumer behavior, production and cost.

Semester 1, Core Course 2, Mathematical Methods for Economics -I, Code ECOACOR02T

  • Operations of set theory.
  • Application of basic calculus like differentiation and integral calculus in solving economic problems.
  • Application of matrix algebra in solving economic problems
  • Application of optimization problems and solving methodologies in economics.

Semester 2, Core Course 3, Introductory Macroeconomics, Code ECOACOR03T

  • Knowledge of national income accounting.
  • Concepts of money, theories of demand and supply of money, inflation and tools of monetary policy.
  • Understanding some basic macroeconomic models.

Semester 2, Core Course 4, Statistical Methods for Economics – I, Code ECOACOR04T

  • Fundamental knowledge about concepts of statistical data.
  • Enable to collect, analyse and present quantitative data.
  • Introduced with data representation through tables, charts, graphs and diagrams.
  • Able to understand time series and cross section data.
  • Application of Index numbers and vital statistics.
  • Solving and analyzing economic problems using statistical mythologies.

Semester 3, Core Course 5, Intermediate Microeconomics, Code ECOACOR05T

  • Understanding advanced theories of consumer behavior.
  • Advanced knowledge about different market structures and their operations.

Semester 3, Core Course 6, Intermediate Macroeconomics, Code ECOACOR06T

  • Knowledge of advanced macroeconomic models.
  • Models of inflation and unemployment.

Semester 3, Core Course 7, Mathematical Methods for Economics -II, Code ECOACOR07T

  • To understand multivariate functions and their application to economic theories.
  • To learn advanced optimization problems to solve economic problems.
  • To learn solving economic problems and dynamic economic models using methodologies of simultaneous equations system.
  • Basic knowledge of game theory.

Semester 4, Core Course 8, Intermediate Microeconomics – II, Code ECOACOR08T

  • Knowledge of imperfect market structures and their functioning.
  • Understand market failure and asymmetric information.
  • Basic understanding of the functioning of the input markets.
  • General idea about economic welfare, optimality and overall efficiency.

Semester 4, Core Course 9, Intermediate Macroeconomics – II, Code ECOACOR09T

  • To understand the concept of economic growth.
  • To learn different macroeconomic theories and models regarding consumption, investment and money.
  • To be aware of the ideas of different schools of macroeconomic thoughts.

Semester 4, Core Course 10, Statistical Methods for Economics – II, Code ECOACOR010T

  • Basic knowledge of sample survey and data analysis.
  • To learn elementary theories of probability and its application.
  • To develop the skill of random sampling and probability distribution.
  • To have basic ideas regarding statistical interference.

Semester 5, Core Course 11, Introductory Econometrics, Code ECOACOR011T

  • Knowledge of advanced statistical methods and their application in quantitative economics.
  • To develop skill of statistical interference using least square methods and linear regression.
  • To develop skill to collect, analyse and represent qualitative economic data using statistical methods.

Semester 5, Core Course 12, Development Economics, Code ECOACOR012T

  • To know the basic concepts of development economics like growth, development, gender inequalities and poverty.
  • To be able to identify features of underdevelopment and strategies of economic development.
  • To be aware of the fundamental problems of economic underdevelopment like poverty and economic inequality.
  • To learn the meaning of globalization and its impact on economic development.

 

Semester 6, Core Course 13, Indian Economy, Code ECOACOR013T

  • To learn basic features development strategies, economic policies and growth of the Indian economy since independence.
  • Knowledge of demographic trends of India and issues like health, education, unemployment, income inequality and poverty in the context of the Indian economy.
  • To impart some basic knowledge regarding fiscal, monetary and trade policies of India and their impact on the economy.

Semester 6, Core Course 14, International Economics, Code ECOACOR014T

  • To be familiar with the concepts and ideas of international trade.
  • To learn some fundamental theories of international trade.
  • To impart knowledge of instruments and effects of trade policies.
  • To get an understanding the concepts of balance of payments and exchange rate.

 

DSE course:

Semester 5, DSE Course-Group A(a), Applied Econometrics, ECOADSE01T,

  • To get a skill of advanced econometric methodologies of empirical research.
  • To be familiar with the process of empirical research including primary and secondary data collection using sample survey and other methods.
  • Application of statistical methodologies, estimation and data representation.
  • To be skilled with using graphs, diagrams, tables and charts to represent data.
  • To get knowledge of advanced theory of probability and advanced econometric models and their application in empirical research.
  • To run basic econometric software packages like SPSS, E-VIEWS and STATA

Semester 5, DSE Course-Group A(b), Public Economics, ECOADSE02T,

  • To be familiar with the basic concepts of public economics like theories pubic goods, government intervention and market failure.
  • To understand different categories and theories of taxation.
  • To get a basic idea of public expenditure and public debt.

Semester 5, DSE Course-Group A(c), Economics of health and education, ECOADSE03T

  • Learning the importance health and education in human development.
  • To get basic ideas of theoretical foundation of economics of health and education.
  • To get a fundamental knowledge of India’s health and education policies, their goals and outcomes.
  • To analyse the magnitude of gender and other discriminations in health and education sectors in India.

Semester 6, DSE Course-Group B(a), Contemporary Development Economics,  ECOADSE04T

  • To learn advanced theories and approaches of economic development.
  • To develop a refined outlook regarding issues like poverty and inequality.
  • To be familiar with different types of inequalities and their impact on the process of economic development.
  • To get a fundamental knowledge about environmental economics.
  • To have more profound knowledge and outlook about economic globalization.

Semester 6, DSE Course-Group B(b), Financial Economics, ECOADSE05T

  • To learn basic concepts and theories of financial and investment economics.
  • To get a skill of portfolio analysis.
  • To be familiar with financial models and instruments.
  • To develop a skill of corporate finance.

Semester 6, DSE Course-Group B(c), Project/Dissertation, ECOADSE02P

  • To develop skill of taking up individual analytical research projects.
  • To develop an ability of solving real life problem using their knowledge and skills acquired in the graduation programme.
  • To learn the practical uses of tools and methodologies learnt in their curriculum.
  • To develop the analytical skill.

SEC courses:

SEC Course-1, Survey Methodology, ECOSSEC001

  • To be familiar with methodologies, processes, instruments and steps of survey.
  • To get skilled with data collection and sample survey, sample design, sample processing, sample error and estimation.

SEC Course-2, Indian Official Statistics, ECOSSEC002

  • To get ideas about official statistics, process of collecting and organizing official statistics.
  • To be able to collect data from economic census statistics from different official sources.
  • To get familiar with the concepts of international statistical system from international sources.

BA/Bsc General in Economics

Semester 1, DSC 1/GE 1, Introductory Microeconomics, Code ECOGCOR01T/ ECOHGEC01T

  • Knowledge about basic concepts of economics like scarcity, choice, value, price, economic system, property rights etc.
  • Concepts of demand, supply and how the market operates.
  • Understanding consumer behavior, production and cost.
  • To learn about different market structures and their operations.
  • Knowledge of theory of distribution.

Semester 2, DSC 2/GE 2, Introductory Macroeconomics, Code ECOGCOR02T/ ECOHGEC02T

  • Knowledge of national income accounting.
  • Concepts of money, theories of demand and supply of money, inflation and tools of monetary policy and banking.
  • Understanding some basic macroeconomic models.

Semester 3, DSC 3/GE 3, Development Economics, Code ECOGCOR03T/ ECOHGEC03T

  • To learn basic concepts of economic development, economic planning and economic growth.
  • Knowledge regarding the role of population, capital formation and foreign investment on economic development.
  • To be familiar with the objectives and functioning of the IMF and World Bank and their role on economic development.
  • To be able to understand and analyse gender related issues.

Semester 4, DSC 4/GE 4, Indian Economy, Code ECOGCOR04T/ ECOHGEC04T

  • To get an idea regarding trend of national income in India, economic reforms and policies since independence and magnitude of poverty, unemployment and income inequalities in India.
  • To be aware of population growth, human resource and its impact on economic development in India.
  • To know trend, features, problems and policies of the agricultural sector of India.
  • To know trend, features, problems and policies of the industrial sector of India.
  • Knowledge about Indian banking and monetary policies.
  • To be familiar with public finance and foreign trade of india.

Semester 5, DSE Course-1(a), Elementary Statistics, ECOGDSE01T

  • Fundamental knowledge about concepts of variables, statistical data and sample survey.
  • Enable to collect, analyse and present quantitative data.
  • Introduced with data representation through tables, charts, graphs and diagrams.
  • Application and measurement of central tendency and dispersion.

Semester 5, DSE Course-1(b), Economics of Social Sector, ECOGDSE02T

  • To get ideas of social deprivation, poverty line and its measurement.
  • To know the strategies and policies to eradicate poverty in India.
  • To get basic knowledge of different indices to measure human development.
  • To be familiar with the link between demography and economic development.

Semester 6, DSE Course-2(a), Trade and Development, ECOGDSE03T

  • To get knowledge regarding trade theories and policies.
  • To get a basic idea of balance of payments.
  • To impart some ideas of multinational corporations, their functioning and role in economic development.

Semester 6, DSE Course-2(b), Public Finance, ECOGDSE03T

  • To get fundamental knowledge about public economics.
  • Basic concepts and theories of public goods.
  • To get skills about classification and principles of taxation.
  • To learn about public expenditure and public debt.

 

 

 

 

 

 

 

 

 

 

 

 

 

Economics

Economics