Department of Economics

Program Specific Outcomes

On completion of B.A.(Economics) students will be –

  1. able to understand basic concept of economics .
  2. able to analyze economic behavior in practice.
  3. able to Understand the economic way of thinking .
  4. able to analyze historical and current events from an economic perspective.
  5. able to write clearly expressing on economic point of view.
  6. exposed to alternative approaches to economic problem through.
  7. To create students ability to suggest of the various economic problems.

B.A.Part-1 Economics
Course Outcome Paper-1

  1. To understand fundamental concept of economics.
  2. To understand consumer behavior like cardinal and ordinal utility analysis.
  3. To understand indifference curve analysis in deriving Demand curve ,Price
    effect, Income effect and substitution effect .
  4. To understand Basic concept of micro economics such as law of Demand and
    supply and elasticity etc.
  5. To understand Theory of production, Production function ,Production
    decisions, Isoquant ,returns to scale, Law of variable proportion, Concept of cost .
  6. The decision making process in different market situations such as Perfect
    competition, Monopoly, Monopolistic competition, Duopoly and Oligopoly Markets.
  7. To deal with the theoretical issue and their practical application of distribution
  8. To understand Various aspects of consumer behavior and economic
  9. To understand Theory of Rent, Wage, Interest and Profit.
  10. To understand Market equilibrium of firm and market.

B.A.Part 1-Economics
Course outcome Paper-2

After successful completion of this course student will be able to understand the Indian
Economy –

  1. Planning in pre and post Indian economy ,Planning commission and Niti Aayog.
  2. To understand Economic Reforms, Liberalization, Privatization, Globalization.
  3. To understand Indian economic problems (Poverty, Inequality
  4. Population and human development, Demographic trends and issues of
    Education, Health, Nutrition and Migration.
  5. To understand Role of Agriculture in economic development including land
    reforms, green revolution, Rural credit, Agricultural marketing. New agriculture
    strategies, Natural resources,
  6. Infrastructure development-Performance, problem and policies, MUDRA YOJANA.
  7. To understand industrial growth and productivity, Industrial policies and
    reforms, Growth and problems of small and cottages scale industries.
  8. To understand role of foreign trade, Trends in exports and imports, directions
    of india’s foreign trade, Exports promotion measures. New trade policies.
  9. To understand Recent macro economic scenario-: National
    Income, Investment, Savings and inflation.
  10. 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.

  1. 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.
  2. Explain the concept of consumption function. relationship between APS and MPS
    Keynes’s psychological law of consumption. determinants of the consumption
  3. Understand the relationship between investment and saving. Demonstrate
    Investment multiplier and concept of MEC and MEI.
  4. Explain the nature and characteristics of trade cycle and various theories of trade
    Cycle. analyze the control of trade cycle.
  5. 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
    Economic development.
  6. understand Tariffs &import quotas ,optimum tariff. Balance of trade & balance of
    Payment, Equilibrium & disequilibrium in BOP. Merit and demerits of devaluation
    Foreign trade multiplier.
  7. Evolution of IMF, World Bank ,WTO, International monetary reforms and India.
  8. 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
Understand -:

  1. Meaning and functions of money, Gresham’s law .illustrate various versions of quantity theory of money.
  2. 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 .
  3. 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.
  4. 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.
  5. Meaning, classification and principles of public expenditure, trends in public
    Expenditure and causes of growth of public expenditure in India.
  6. 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.
  7. Public debt and financial administration, sources of public borrowing, Effects of
    Public debt, Methods of debt redemption.
  8. 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

  1. Economic growth and development factor affecting economic growth, developed
    and under developed economy, different concept of poverty.
  2. Marxian and Mahalanobis model of economic growth ,Balanced and unbalanced
  3. To make the students aware of the population, growth pattern of
    population. Theory of demographic transition, population, poverty and environment.
  4. 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
  5. 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.
  6. Environment-Environmental and use, environmental disruption as an
    allocation, problem, valuation of environmental damages.
  7. Prevention control and abatement of pollution, environmental legislation, indicators
    of sustainable development, environmental accounting.
  8. Concept of intellectual capital: Food, Security, Education, Health &Nutrition.
  9. Role of agriculture in economic development including land reforms Efficiency &
    productivity in agriculture.
  10. New technology &sustainable agriculture. Globalization & agriculture growth, the
    choice of technique appropriate technology & employment.

B.A.Part-3 Economics
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
Average Method.