Steering dreams.
VISION OF THE DEPARTMENT
To be globally recognized as a Centre of Excellence in the field of Business studies, Commerce, accountancy and economics through value based education, Research & innovation. To provide best possible human resources to society in the field of Management andCommerce
MISSION OF THE DEPARTMENT
M1: To Inspire and empower the students to become innovative entrepreneurs and worthy management professionals.
M2: To turn individuals into cross functional leaders and strategists that can skillfully handle challenges affecting businesses transversely in a dynamic and an interconnected world
M3: Develop linkages with world class educational institutions and R&D organizations for excellence in teaching, research and consultancy services
PROGRAMOUTCOMES – M.A. Economics
PO1.Domain knowledge: Impart higher level knowledge and understanding of contemporary trends in Economics.
PO2.Problem analysis: Evaluate factors that influence economic environment and economy with the conceptual requirements and skills.
PO3.Design/development of solutions:Apply Statistical methods and proficient use of tools for modeling and analysis of business data.
PO4.Conduct investigations of complex problems:Use research-based knowledge including design of experiments, analysis and interpretation of data, and synthesis of the information to provide valid conclusions.
PO5.Modern tool usage:Learn, select, and apply apposite methods and procedures, resources, and modern computing tools within rational limits to achieve optimum output.
PO6. The Manager and Society:Apply reasoning informed by the contextual knowledge to assess societal, health, safety and legal issues and the consequent responsibilities relevant to the professional practices in the field of economics.
PO7.Environment and sustainability:Understand the impact of the economical activities in societal and environmental contexts, and apply knowledge to cope up with need for sustainable development.
PO8.Business Ethics:Apply ethical principles and nurture commitment to personal and professional ethics in all aspects of business economical practice
PO9.Individual and team work:Develop leadership skills by working effectively in teams.
PO10.Communication:Enhance verbal, written and presentation skills in students and make them able to comprehend and write effective reports, make effective presentations and documentation, and give and receive clear instructions.
PO11.Project management and finance:Exhibit knowledge and understanding of economical theories and apply these to one’s own work, as a member and leader in a team. Manage projects in multidisciplinary environments.
PO12.Life-long learning:Create an interest to engage in continuous learning independently to improve knowledge and develop competencies.
MISSION OF THE PROGRAM EDUCATIONAL OBJECTIVES
PEO1. To equip students with knowledge of economic principles, quantitative techniques, empirical methods to analyze economic problems
PEO1. To analyze the relevant economic literature, concretize economic problems and evolve the connection between theory and empiricalconditions.
PEO3. Understand the social science research and undertake research projects in Economics and enhance the skills for getting employment in academic and other institutions.
PROGRAMME SPECIFIC OUTCOMES - M.A Economics
PSO1:Student will be able forecast the future course of changes and development through their knowledge of policies and programs and assess the real situation of the economy including the size and changes of population, income pattern, employment and policies in relation to our countries.
PSO2:Learners will be familiarized with the knowledge and application of microeconomics and macroeconomics for the formulation of policies and planning and develop skills in analyzing different statistical measures, interpreting test results and interpretation of data through graphs and statistic technique.
M.A. Economics Semester-I
Subject Code: MAEC - 101
Title ofthe Course: MicroEconomics
Course Outcomes:
CO1: Understand the Basic Micro- Economic, Problems of Scarcity and Choice, utility demand modern utility analysis, Elasticity of demand.
CO2: Discuss Analysis Characteristics and properties of various concepts and Curves of Production cost and Revenue.
CO3: Describe concepts of Partial and General Equilibrium.
CO4: Understand the complexities associated with various market forms and integrate the learning in handling those complexities.
Subject Code: MAEC -102
Title of the Course: Macro Economics
Course Outcomes:
CO1: Demonstrate marginal productivity theory of distribution, theory of wages, identify different types of rent, and illustrate different theories of interest and profits.
CO2: Understand how factor market works, identify the various determinants of firm’s demand for factor services, bilateral monopoly, demonstrate monophony in factor market and factor market equilibrium
CO3: Identify the various types of investment function analysis and understand the elements of social cost benefit analysis.
CO4: Understand international and inter regional trade, identify and understand various trade theories, analyze the various types of restrictions of international trade.
Subject Code: MAEC -103
Title of the Course: Basic QuantitativeMethods
Course Outcomes:
CO1: Explain concepts of differentiation and integration
CO2: Understand the concept of linear programming
CO3: Describe application of derivatives in economics
CO4: Demonstrate a sound knowledge of fundamentals of statistics and statistical techniques
Subject Code: MAEC -104
Title of the Course: Monetary Policy – I
Course Outcomes:
CO1: Appreciate the relationship between money and inflation.
CO2: Explain the origin of monetary policy.
CO3: Discuss the present status of monetary policy.
CO4: Expound on the monetary policy transmission mechanism.
Subject Code:SKF-101
Title of the course:Soft Skill-I
Course Outcomes:
CO1: The student will be able to develop his/her personal traits and expose their personality effectively.
CO2: The Students will be able to find their strength, talent and can develop it.
CO3: The students can develop their attitude, discipline and their personal value.
CO4: The Student will understand the Etiquette and Manners and Office Habits
M.A. Economics Semester-II
SubjectCode: MAEC -201
Title of the Course: Advance MicroEconomics
Course Outcomes:
CO1: To understand the concepts of cost, nature of production and its relationship to Business operations.
CO2: Apply marginal analysis to the “firm” under different market conditions.
CO3: Analyze the causes and consequences of different market conditions.
CO4: Integrate the concept of price and output decisions of firms under various market structures.
Subject Code: MAEC -202
Title of the Course: Advance MacroEconomics
Course Outcomes:
CO1: identify leading indicators of most macroeconomic variables.
CO2: Explain relationship between macroeconomic variables and financial markets.
CO3: Apply the principle of Macroeconomics in explaining the behavior ofmacroeconomic variables at
national as well as global level.
CO4: Understand international and inter regional trade, identify and under various trade theories, analyze the various types of restrictions of international trade.
Subject Code:MAEC -203
Title of the Course: Advanced Statistics
Course Outcomes:
CO1: Explain and calculate the measures of central tendency and measures ofdispersion
CO2: Understand and calculate correlation, linear correlation, rank correlation, partialcorrelation, describe the concept of regression, estimation of regression line
CO3: Explain the uses of index number and problems involved in the construction ofindex number.
CO4: Explain time series analysis, estimate trend curve
Subject Code: MAEC -204
Title of the Course: Monetary Economics - II
Course Outcomes:
CO1: Predict the impact of fiscal and monetary policy – use of deficits, changes in the money supply, etc. – on overall economic performance.
CO2: Describe the functions of central bank, explain the role of central bank in the context of a developing country, and explain the credit control policy of central bank
CO3: Explain the meaning and constituents of financial system differentiate between money market and capital market, describe the role of stock market in economic development.
CO4: Discuss economic globalization and the inter-connectedness of nations.
Subject Code:SKF-201
Title of the course:Soft Skill-II
COURSE OUTCOMES:
CO1: Students can improve positive attitude.
CO2: Students can set their goal and improve strategy to achieve goals.
CO3: Students can improve their activities of reading and become an effective reader.
CO4: students can better understand and manage their stress.
M.A. Economics Semester-III
Subject Code: MAEC -301
Title of the Course: Public Economics - 1
Course Outcomes:
CO1: Understand the economics of government expenditure and taxation.
CO2: Understand the principle of optimal taxation in analyzing various governments tax policies.
CO3: Describe the government budget.
CO4: Explain the main objectives of fiscal policy.
Subject Code: MAEC -302
Title of the Course: International Economics -1
Course Outcomes:
CO1: Understand the nature and scope of international economics, explain theory of international trade
CO2: Review recent developments and future challenges in the world trading system; explain their impacts on individual countries and on the global economy
CO3: Explore major factors and mechanisms that determine the foreign exchange rates
CO4: Examine instruments and consequences of trade policy measures—including tariffs and quantitative restrictions.
Subject Code: MAEC-303
Title of the Course: Growth & Development Economics - I
Course Outcomes:
CO1: Demonstrate an understanding of economic growth theory, development andpolicy implications.
CO2: Understand economic development and institutional change
CO3: Exhibit knowledge of development theory and its implication
CO4: Explain various theories of Growth
Subject Code: MAEC - 304
Title of the Course: Indian Economy
Course Outcomes:
CO1: Understand evaluation of land tenure system and consequences of British Rule.
CO2: Explain strategies of economical development planning & role of public &private sector.
CO3: Describe agricultural reforms and production structure in India
CO4: Understand evolution and role of Industry in development process.
Subject Code:SKF-301
Title of the course:Soft Skill-III
Course outcomes:
CO1: The student will become well – versed with the behavioral skills.
CO2: They will also understand the role of body language and non-verbal communication during the interview process.
CO3: Student will be able to set a team work and strong team building.
CO4: Student will be able to manage and save the time effectively
M.A. Economics Semester-IV
Subject Code: MAEC -401
Title of the Course: Public Economics - II
Course Outcomes:
CO1: Understand the economics of government expenditure and taxation.
CO2: Explain trends in public expenditure and public debt.
CO3: Describe the objectives and components of fiscal policy and role of fiscal policy in a developing economy.
CO4: Describe the principles of federal finance.
SubjectCode: MAEC -402
Title ofthe Course: International Economics – II
Course Outcomes:
CO1: Explain foreign exchange market and differentiate instruments used in international payment system
CO2: Explain the concepts of balance of payment, gap & deficit.
CO3: Review international capital movement
CO4: Examine the role of various international organizations
Subject Code: MAEC -403
Title of the Course: Growth & Development
Course Outcomes:
CO1: Describe endogenous models of Growth
CO2: Review various elements of resource allocation and project evaluation
CO3: Exhibit knowledge of human capital issues.
CO4: Understand concepts of sustainable development and importance of exhaustible resources.
Subject Code: MAEC -404
Title of the Course: Environmental Economics
Course Outcomes:
CO1: Understand the concept of environmental economics and interaction among economy & environment.
CO2: Analyze Market failure, externality, public good-Environment as a public good, Tragedy of Commons.
CO3: Understanding Global Environmental Issues: Climate Change – Implications and Mitigation
CO4: Understand development-environment Trade-off, Sustainable development-Indicators and policy issues
Subject Code:SKF-401
Title of the course:Soft Skill-IV
Course outcomes:
CO1: Demonstrate soft skills required for business situations
CO2: Analyze the value of soft skills for career enhancement
CO3: Apply soft skills to workplace environment.
CO4: Confidently participate in GD and interview process