Economics

Course outcomes

CC-1A:Microeconomics:(SemesterI)

(Credit:6,No.ofLectures:70,FullMarks:75)

1. DiscussiontheconceptofUtility,equi-marginalutility,lawofdiminishingutility,lawof demand and consumer’s equilibrium.
2. Differentaspectsofindifferencecurveandeffectsofprice,incomeandsubstitutiononequilibrium.
3. Lawofdemandandvariableproportions. Variousconcept of elasticityofdemand.
4. Thetheoryofrevenue,productionandcost:totalrevenue,marginalrevenue, totalcost, marginal cost, average cost, fixed & variable cost. And their relationship.
5. Marketmorphology:Perfectcompetition,Monopoly,Monopolisticcompetition, Oligopoly: Assumptions, derivations and determination of price and output.
6. Theoryofdistribution:MPtheory,factorprice,differentrenttheory,wagedetermination, different theory of interest and money.
7. Analyzethewelfareeconomicswithdifferentconceptofwelfare.

CC-1B:Macroeconomics:(SemesterII)

(Credit:6,No.ofLectures:70,FullMarks:75)

1.Understandingthebasicfeaturesofcircularflowofnationalincome,differentmethodfor measurement of national income.

2.Definition,conceptsandmeasurementsofGNP,NNP,GDP,NDP,deflator,prices.

3.Problemsofusingnationalincomeasa measureofEconomicwelfare.

4.DiscussthedifferentmodelofincomedeterminationofKeynes.Conceptofeffectivedemand, Keynesian consumption function, MPC and APC, Theory of different multiplier.

5.Describethetheoryof rateofinterestandlevel of incomeandseveralaspects.

6.Theoryofmoney:transaction,precautionaryandspeculativemotive,liquiditypreferenceand different sources of supply of money.

7.Understandingtheclassicalsystem:determinationofemployment,outputandprices,Say’slaw. Different theory of quantity theory of money.

8.Describetheconceptofinflation.Demandpullandcostpushinflation,inflationarygapsand consequences of inflation of the economy.

9.Differentconceptsofbanking:Centralbanks,commercialbanks,creditcreationofthedifferent banks.

CC-1C:DevelopmentEconomics:(SemesterIII)

(Credit:6,No.ofLectures:70,FullMarks:75)

1.Understandingthedistinctionbetweeneconomicgrowthandeconomicdevelopment.Construction and interpretation of different measures of development like HDI, GDI.

2.Describethesourcesofeconomicgrowth,balancedandun-balancedgrowth,developingplanning, different growth model: Harrod-Domar, Solow.

3.Differentrelationshipbetweendevelopment,povertyandinequality.Measurementofpoverty. Poverty traps, HPI, etc,

4.Understandingtheevolutionofpoliticalandeconomicinstitutions.Differentinstitutionaltheoryof democracy, trajectories, state & central institutions.

5.Descriptiontheconceptof foreigninvestmentineconomic development.

CC-1C:FeaturesofIndianEconomy:(SemesterIV)

(Credit:6,No.ofLectures:70,FullMarks:75)

1.UnderstandingthebasicstructureofIndianeconomy,distributionofincome,regionaldisparitiesin income, poverty.

2.Basicfeaturesof Indianagriculture,industryandbanking.

3.Indianpublicfinance andforeigntrade.

Table5SKILLENHANCEMENTCOURSES(Courseoutcomes)