Program Specific Outcomes
On completion of B.A.(Economics) students will be –
- able to understand basic concept of economics .
- able to analyze economic behavior in practice.
- able to Understand the economic way of thinking .
- able to analyze historical and current events from an economic perspective.
- able to write clearly expressing on economic point of view.
- exposed to alternative approaches to economic problem through.
- To create students ability to suggest of the various economic problems.
Course Outcome Paper-1
- To understand fundamental concept of economics.
- To understand consumer behavior like cardinal and ordinal utility analysis.
- To understand indifference curve analysis in deriving Demand curve ,Price
effect, Income effect and substitution effect .
- To understand Basic concept of micro economics such as law of Demand and
supply and elasticity etc.
- To understand Theory of production, Production function ,Production
decisions, Isoquant ,returns to scale, Law of variable proportion, Concept of cost .
- The decision making process in different market situations such as Perfect
competition, Monopoly, Monopolistic competition, Duopoly and Oligopoly Markets.
- To deal with the theoretical issue and their practical application of distribution
- To understand Various aspects of consumer behavior and economic
- To understand Theory of Rent, Wage, Interest and Profit.
- To understand Market equilibrium of firm and market.
Course outcome Paper-2
After successful completion of this course student will be able to understand the Indian
- Planning in pre and post Indian economy ,Planning commission and Niti Aayog.
- To understand Economic Reforms, Liberalization, Privatization, Globalization.
- To understand Indian economic problems (Poverty, Inequality
- Population and human development, Demographic trends and issues of
Education, Health, Nutrition and Migration.
- To understand Role of Agriculture in economic development including land
reforms, green revolution, Rural credit, Agricultural marketing. New agriculture
strategies, Natural resources,
- Infrastructure development-Performance, problem and policies, MUDRA YOJANA.
- To understand industrial growth and productivity, Industrial policies and
reforms, Growth and problems of small and cottages scale industries.
- To understand role of foreign trade, Trends in exports and imports, directions
of india’s foreign trade, Exports promotion measures. New trade policies.
- To understand Recent macro economic scenario-: National
Income, Investment, Savings and inflation.
- Current macro economic policies and their impact Fiscal policies, Monetary policies.
B.A.Part 2 Economics
Course outcome Paper -1
After completion of this course the students will be able to-
1. Define and explain process of calculating National Income Identify it’s
Components .demonstrate circular flow of income, concept of social
accounting, green accounting.
- Understand Say’s law of market ,Classical theory of employment and Keynes
Objection to the classical theory. Demonstrate the principle of effective demand
and Income determination.
- Explain the concept of consumption function. relationship between APS and MPS
Keynes’s psychological law of consumption. determinants of the consumption
- Understand the relationship between investment and saving. Demonstrate
Investment multiplier and concept of MEC and MEI.
- Explain the nature and characteristics of trade cycle and various theories of trade
Cycle. analyze the control of trade cycle.
- Identify the basic difference between inter regional and international trade and
Various international trade theory Comparative advantage theory, Opportunity
Cost theory and Heckscher Olhin theory. International trade and their contribution to
- understand Tariffs &import quotas ,optimum tariff. Balance of trade & balance of
Payment, Equilibrium & disequilibrium in BOP. Merit and demerits of devaluation
Foreign trade multiplier.
- Evolution of IMF, World Bank ,WTO, International monetary reforms and India.
- Foreign trade in India, recent change in composition and direction of foreign trade.
India’s balance of payment, Export promotion and import substitution in India .multi
National Corporation and India.
B.A. Part- 2 Economics
Course outcome Paper-2
After successfully completion of this paper a students will be able to
- Meaning and functions of money, Gresham’s law .illustrate various versions of quantity theory of money.
- Illustrate the Inflation ,deflation, and reflation types, causes and effects on
Different sectors of the economy. Demand pull and cast push inflation.
Measures to control inflation. Philip’s curve, Demonetization .
- Banking- meaning, types and function of commercial banks, credit creation,
Liabilities and assets of banks, Evolution of commercial banking,
Function of central bank, Role and function Reserve bank of India. Objective and
Limitation of Monetary policy with special reference to India.
- Understand the meaning and scope of public finance. distinction between private
And public finance, Public and private goods ,principle of maximum social advantage
Demonstrate the role of government in economic activities.
- Meaning, classification and principles of public expenditure, trends in public
Expenditure and causes of growth of public expenditure in India.
- Sources of public revenue, taxation- Meaning, canons and classification of taxes.
Division of tax burden. Impact and incidence of taxes. Taxable capacity, Effects of
Taxation, equity and justice in taxation, Major trends in tax revenue of the central
And state Government in India.
- Public debt and financial administration, sources of public borrowing, Effects of
Public debt, Methods of debt redemption.
- The public budget, kind of budget, classification of budget, preparation and passing of
Budget in India.
B.A.Part -3 Economics
Course outcome- paper-1
After successful completion of this paper a students will be able to
- Economic growth and development factor affecting economic growth, developed
and under developed economy, different concept of poverty.
- Marxian and Mahalanobis model of economic growth ,Balanced and unbalanced
- To make the students aware of the population, growth pattern of
population. Theory of demographic transition, population, poverty and environment.
- And Able to understand schumpeter’s theory of economic growth, theory of big
push, Nelson theory of low level income equilibrium trap, theory of Critical minimum
- Theory of economic growth- Harrod and domar model, Solow model, Meade’s
Neoclassical model, Mrs. Joan Robinson’s growth model, A Lewis Theory of unlimited
supply of labor.
- Environment-Environmental and use, environmental disruption as an
allocation, problem, valuation of environmental damages.
- Prevention control and abatement of pollution, environmental legislation, indicators
of sustainable development, environmental accounting.
- Concept of intellectual capital: Food, Security, Education, Health &Nutrition.
- Role of agriculture in economic development including land reforms Efficiency &
productivity in agriculture.
- New technology &sustainable agriculture. Globalization & agriculture growth, the
choice of technique appropriate technology & employment.
Course outcome Paper-2
After successful completion of this paper a student will be able to
1. Definition and limitation of statistics,importance of statistics in economics,statistical
investigation,census and sampling,methods of statistical investigation,statistical data ,collection of
data,primary &secondary data.
2. Besic concept of statistics such as measure central tendency,measure of skewness,basic concept of
3. Dispersion :Meaning and method of measuring dispersion:Range ,Quartile deviations,Mean
deviation,coefficient of mean deviation,standard deviation.
4. Correlation analysis, meaning and types of correlation, degree of correlation, coefficient of
correlation- karl pearson’s method, spearman’s Rank Difference Method, probable and standard
5.Method of constructing index Number, Fisher’s method, Dorbish- Bowles method ,paasches
method ,Laspeyres Method, Consumers price index numbers, Reversal test ,circular test.
6 . Time series analysis- Meaning and component of time series ,measurement of long term trend by