Department of Economics

Programme Specific Outcomes:

The programme specific outcomes of the Undergraduate Programme in Economics are listed below. After completing the programme the students should be able to-

  1. Understand the behavioral patterns of different economic agents, advance theoretical issues and their applications.
  2. Understand the basic concepts of Microeconomics and Macroeconomics.
  3. Acquaint with some basic mathematical and statistical methods to be applied in the field of economics.
  4. Understand the measurement of development with the help of theories along with the conceptual issues of poverty and inequalities with Indian perspectives.
  5. Learn about the historical developments in the economic thoughts propounded by different schools.
  6. Learn and review the developmental issues and sector specific policies of Indian economy.
  7. Contribute to the academic advancement of the subject and society at large, pursue advanced studies in it.
  8. Create novel approaches/techniques for addressing the unresolved issues in Economics and other relevant disciplines.
  9. Make predictions and estimations using economic models that address problems from the real word.

COURSE OUTCOMES-

1st SEMESTER

Introductory Microeconomics (Major)

On completion of this Course, a student will be able to –

  1. Understand the economic tradeoffs and opportunities.
  2. Understand the fundamentals of microeconomics
  3. Understand the basics of market mechanisms.

Elementary Microeconomics (Minor)

On completion of this Course, a student will be able to –

  1. Understand the economic trade-offs and opportunities.
  2. Understand the fundamentals of market mechanisms.

Economic History of India (Generic Elective)

After learning this course, students will be able to

  1. Analyse key aspects of Indian economic development during the second half of Britishcolonialrule.
  1. Understand the place of the Indian economy in the wider colonial context.
  2. Learn the mechanisms that linked economic development in India to the compulsions of colonial rule.

2nd SEMESTER

Introductory Macroeconomics (Major)

By completion of this course students will be able to-

  1. Understand what macroeconomics is all about and how it is different from microeconomics;
  2. Assess the overall performance of economies on the basis of data related to macroeconomics indicators like GDP, deflator, capital formation, etc.
  3. Analyse the changes in various components of aggregate demand and how such changes affect equilibrium output and employment.

Elementary Macroeconomics (Minor)

After the completion of this course, the learner will be able to:

  1. Understand what macroeconomics is all about and how it is different from microeconomics;
  2. Assess the overall performance of economies on the basis of data related to macroeconomics indicators like GDP, deflator, capital formation, etc.
  3. Analyse the changes in various components of aggregate demand and how such changes affect equilibrium output and employment;
  1. To have a critical perspective on the money supply decision of RBI and its implication on the price level.

Contemporary Indian Economy (Generic Elective)

At the end of the course the student should be able to:

  1. Understand the current problems of Indian Economy.
  2. Analyze the factors contributing to the recent state of the Indian Economy.
  3. Analyze the sector specific policies adopted for achieving the aspirational goals.
  4. Review various economic policies adopted.

3rd SEMESTER

Mathematical Methods for Economics (Major)

After completion of this course, students will be able to

  1. Understand the preliminaries of number systems, set theory, etc.
  2. Learn about functions of real variables and their applications in Economic theory.
  3. Learn about differential and integral calculus and their applications in relevant economic

field.

Indian Economy- Trends in Economic Indicators (Major)

At the end of this course the student should be able to:

  1. Analyze the major trends in key economic indicators of India.
  2. Understand the structure of the Indian economy in the post-independence period.

Introduction to Economics of Growth and Development (Minor)

  1. Students will develop critical understanding in the field of growth and development which may further help them to face the professional world in a better way.
  1. Students may develop idea about the issues and challenges of growth and development.
  1. Further, it will enable them to learn about the likely policy intervention required to maintain growth, reduce poverty and inequality, preserve environment, etc.

Basic Development Economics (Generic Elective)

  1. Students will develop critical understanding in the field of growth and development which may further help them to face the professional world in a better way.
  2. Students may develop idea about the issues and challenges of growth and development.
  3. Students will learn about trade, globalization and development.
  4. Further, it will enable them to learn about the likely policy intervention required to maintain growth, reduce poverty and inequality, preserve environment, etc