Program and Course
From the 2018-2019 Academic Session, Choice Based Credit System (CBCS) will be introduced.
For the syllabus under CBCS system and other details, click on the following links:
B.Sc Honours in Economics:
http://www.klyuniv.ac.in/upload/cbcs/ECONOMICS%20Hons.-CBCS%20Syallabi-2018.pdf
B.A General Course in Economics,
http://www.klyuniv.ac.in/upload/cbcs/Economics%20General-CBCS%20Syallabi-2018.pdf
After successful completion of the three-year B.A./ B.Sc. (Honours) degree program in Economics, students should be able to achieve the following objectives/ outcomes:
Program Specific Outcomes (PSOs) and Course Outcomes (COs)
PSO 1: As the under graduate course contains the fields of elementary microeconomics, macroeconomics, basic statistics and mathematical economics students are well equipped with the knowledge based on Economic principles including Consumer’s behaviour, Producer’s behaviour, Market structure. Students are familiar with the tools of Statistics and Mathematical Economics.
On completion of the course students will be able to :
CO1:
Understand the basic idea about the behaviour of consumer, producer and market structure.
CO2:
Develop the empirical idea about the Macroeconomic variables like National Income,Employment, Price, Output, Consumption, Investment, rate of interest also have the knowledge of determination of these variables of any economy and demonstrate the monetary and fiscal policy implications.
CO3:
Understand the scope of statistics in economics, basic ideas of data collection, frequency distribution, and describe the central tendency, dispersion, moments, skewness and kurtosis and their merits and demerits, purpose and uses of index number in economics.
CO4:
Understand real number system, progression, types of function, equation and identities. Explains the rules of differential calculus, integral calculus and its application in Economics, difference and differential equation and its application in macroeconomic models, various types of matrices and its operation, concept of linear programming problem and their application in Input-Output analysis.
PSO 2: Economics graduates are familiar with the knowledge of product market, factor market, general equilibrium and welfare economics. They should have the sound knowledge about the market with asymmetric information. They are able to understand the concept of probability, sampling and hypothesis testing and basic concept of econometrics. They should have the basic knowledge on computer operating system and basic statistical software application. Based on statistics and statistical software student would be able to investigate and prepare project report.On the completion of the course students would be able to
CO5:
- Understand how different product market works, how equilibrium level of output and price are determined under the different market structure: monopoly, monopolistic competition, and oligopoly.
- Understand how input market determines input demand under perfect competition, monopoly, monopsony, bilateral monopoly market and factor market equilibrium, general equilibrium and welfare economics, problems of adverse selection, moral hazards and market signalling.
CO6:
- Illustrate the consumption function and its theories , the investment function and its theories and difficulties, identify the types of money and its components, demand for money and its components and the theories.
- Explain the meaning and function of central and commercial bank, illustrate the how commercial banks create credit and suggest the instrument to control credit, capital market and reforms in India.
- Understand the meaning of inflation and its classification, causes, effects and measures to control inflation, types of unemployment and its related basic theories.
- Illustrate the trend of output growth and growth theories.
After completion of this course students would be able to
CO7:
- Demonstrate the basic concept of probability and probability distribution, probability theorems, solve probability problems, sampling and methods of sampling, sampling error and standard error of a statistic with reference to mean of Normal population, meaning of estimation and its methods, hypothesis testing, basic idea of econometrics and economic interpretation of regression results, concept of vital events( fertility, mortality and morbidity) and their measurements, measurement of population growth rate, gross and net reproduction rate.
CO8:
- Acquire a sound knowledge on disk operating computer system, information system, file management system, basics of computer operation, types of programme language and computer programmes, system maintenance , application programme for standard office procedures, working with statistical analysis software such as plotting diagram, time series, statistical estimation etc. Students would be able to investigate a project based on primary/secondary data using statistical software and prepare and submit the report of the project.
PSO 3: Economics graduates are familiar with the knowledge of international trade and its theories. They are able to understand the concept of public finance, revenue collection in terms of taxation and its principles and incidences, forms of business enterprises. They should have the basic knowledge on development, growth, models of development, contribution of education, health, nutrition in economic development, rural development and entrepreneurship development and sustainable development. Students are able to develop ideas of basic features of Indian Economy and various economic problem in respect of structural change, income inequality, poverty, unemployment, population, infrastructure ,balance of payment, financial sector reform.
They are able to grasp the knowledge of planning in India and its objectives, failures and achievements, financial sector reforms and centre-state relationship.
After completion of this course students would be able to
CO9:
Understand how international trade has helped countries to acquire goods at cheaper cost and explain it through the various international trade theories and trade policies. They would able to illustrate foreign exchange market, balance of payment, devaluation and effects of devaluation and approaches of devaluation, International Monetary System and institutions, India’s trade policy since independence, globalization and Indian economy.
CO10:
- Understand the sources of government finance, of government the role to correct market failures and sources of public finance.
- Understand the sources of government revenue by means of taxation, classification of taxes and its trends in India, various principles of taxation, incidence of taxation, effect of tax on price, output, savings, investment and work effort.
- Illustrate the meaning , classification, principles of public expenditure and its trend in the context of Indian economy.
- Understand the forms of business organization, basic idea about first generation financial commodities, how to determine rate of discount, preliminary concept about securities in capital markets, corporate finance, financial investment funds and process.
CO11:
- Understand the difference between growth and development, features of underdevelopment and its experiences in less developed countries in recent past, states of development, population growth theories, development models in respect of labour surplus, labour migration, distinction between balanced and unbalanced growth. Demonstrate the Human Development Index, theories related to education, health, nutrition , contribution of women in development and sustainable development.
- Understand the distinction between rural development and agricultural development, approaches to rural development, role of NGOs, rural industrialisation, Self Help Group, role of entrepreneurship in economic development, concept of project, financial planning, financial support to enterprises, growth strategies in small business enterprise.
CO12:
- Develop ideas of basic features of Indian Economy, Understand the recent trend of structural changes in the Indian economy. Develop ideas about Indian agrarian economy and food security, Indian industrial economy and its various issues, infrastructure of Indian economy and its problems, structure of international trade and trade sector reforms, trends of saving, capital formation in the Indian context.
- Demonstrate the scenario of poverty in India and measures taken by Government of India to eradicate poverty, trend of income inequality in India and its measures to reduce inequality, problem of unemployment and employment generation programmes taken and implemented by GOI.
- Acquire the importance of planning taken by GOI and its objectives, failures and achievements of different Five Year Plan since independence.
- Grasp the knowledge of banking and financial sector reforms and financial institutions. Demonstrate centre-state financial relations and idea about parallel economy in the Indian context.
