The Department of Economics endeavors to impart specialized knowledge in field of Economics to create a class of skilled professional and intellectuals to cope with the challenges in the era of globalization. The Department aims to acquaint students with problems of the economy and enable them to cope up with professional competency. The dedicated and sincere faculty of the Department is devoted to enhance the capabilities and capacities of the students by creating opportunities in rural as well as urban segments of the economy. The curriculum of the courses offered is designed to teach, train and prepare human resources with scientific knowledge and professional acumen in multidisciplinary areas and is best suited to develop analytical aptitude the students. The Department is equipped with a modern state of art library, a computer laboratory with internet facility and a conference/seminar room with advanced teaching aids. The teaching and training is provided through expert lectures, seminars, documentaries, language laboratory and study tour/ industrial visits with sole aim to prepare a cadre of qualified intellectuals and trained economists and professionals for administration, education and research areas.
Program Outcomes [POs] For M.A. Economics
Program outcome: By the end of the program the student mustbe able to develop and enhance continually his financial quotient so that hecan meet the challenges faced in the dynamic world of economics. Apart fromsubjective knowledge prescribed in the curriculum, practical knowledge isimparted to the students by discussing present trends in the economy.
Competition and expertise a post graduate student willpossess after completion of the degree of Master of Arts in Economics are:
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PO-1 |
In depth Knowledge and expertise the Economics subject: The curriculum opted by the university is comprehensive enough to cover various aspects in the economics. The curriculum designed do covers enough syllabuses which is very useful for competitive exams in Economics. |
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PO-2 |
Problem analysis: Trends in the economy are often complex symptom of the problem can be contradictory to the causes of the problem. The students often discuss the prevailing situations on various sectors of the economy to analyze the problem. |
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PO-3 |
Design and develop the solution: In the contemporary world of economics there can be many alternative solutions to the problem prevailing in the economy. These alternative solutions can be traditional as well as innovative which are evaluated accordingly. Thus an attitude is developed among the student to identify problems in the economy and to search and evaluate its available solutions. |
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PO-4 |
Use of modern tools: To select and apply appropriate techniques so that the students can make themselves competitive in the present job market. |
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PO-5 |
Environment and sustainability: Economics for a developing nation often undermines environment and sustainability in the curriculum the students are motivated to always consider a discount factor for environmental impact of various policies and programs. |
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Cont'd….2 |
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PO-6 |
Individual and team work: Economist in present day usually work in team but in many cases they have to work individually thus students are guided to function effectively as an individual and as a member of a team. |
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PO-7 |
Communication: Communicate effectively on the subject matter of economics with subject experts and general public such as being able to comprehend and write effective reports, design documents and make presentation. |
PROGRAMSPECIFIC OUTCOME FOR MA ECONOMICS
Aftercompletion of the course the student will gain knowledge and expertise on thesubject matter of economics. Program specific outcome for MA Economics studentsare:
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PSO-1 |
Policy making is one of the most important tasks which an economist is expected to perform. The students are guided to understand the nitty-gritty of Monetary and Fiscal policy its impact and expected outcomes when combined with the other prevailing factors in the economy. |
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PSO-2 |
Students will be able to determine and evaluate various concept of economic factors viz. inflation, unemployment, Poverty, GDP etc. |
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PSO-3 |
International business is one of the most challenging fields in the economics; the program design enables the students to understand the concept of currency valuation, foreign exchange markets, Role and impact of multinational organization including borrowing from international market. |
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PSO-4 |
Today’s Competitive markets are based on minimizing the cost and maximizing the revenue. Cost effectiveness is sine-quo-non for any business the program helps the students to inculcate various techniques of cost effectiveness like returns to scale, break even analysis etc. |
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PSO-5 |
Post-independence Indian economy has undergone various reforms and changes and the dynamism of reforms has not yet abated. The student understands these reforms mostly based on various committees’ report and the data which tells the quantifying impacts of the recommendations. |
COURSE OUTCOME FORMA ECONOMICS
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SEMESTER I |
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PAPER I |
CO 1 – Understanding the Concept of equilibrium |
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MICRO ECONOMICS |
CO 2 –understand Indifference Curve analysis |
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CO 3 –Concept ofProduction Function |
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CO 4 –Learn theory of cost and Revenue analysis |
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CO 5 – Understand different forms of market and their concept. |
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MACRO ECONOMICS |
CO 1 – Understand the concept of national income
CO 2 – Learn the classical and Keynesian theory of employment.
CO 3 – Understand the consumption function and its various hypotheses.
CO 4 – Understand the Investment function, concept and determinants
Of money
CO 5 – Understand demand for money and various approaches of neo
Classical economist |
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QUANTITATIVE METHODS |
CO 1 – Understand the applicability of skewness in economics.
CO 2 – Learn and apply Regression techniques and interpolation and
Extrapolation.
CO 3 – Understanding Association of Attributes and Probability theory.
CO 4 – Use and understand the concept INDEX NUMBER and TIME SERIES
ANALYSIS.
CO 5 – Understanding the concept of differentiation and Integration and
Their applicability in economics. |
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INDIAN ECONOMY |
CO 1 – Understanding the variables of Indian Economy
CO 2 – Demography of India and Chhattisgarh.
CO 3 – Understand impact of policy on agriculture
CO 4 – Learn various concept of Industrial development in India
CO 5 – Learn impact of physical and social infrastructure development. |
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INDUSTRIAL ECONOMICS |
CO 1 – Learn the concept, rationale and theories of industries.
CO 2 – Understand various policies for industrial development in India.
CO 3 – Assessment and impact of industrial finance in India.
CO 4 – Understand structure of Industrial labour.
CO 5 –Complete analysis of large scale industries in India. |
Co-curricular activities:
Ø Regression analysis to be done between crude oilprices and the price of oil refining company’s stocks listed in NATIONAL STOCKEXCHANGE.
Ø Departmental Group presentation of changingDemography of India and Chhattisgarh.
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SEMESTER II |
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MICRO ECONOMICS |
CO 1 –Understand various theories related to sales and managerial decisions.
CO 2 – Learn various theories regarding distribution process in the economy.
Co 3 – Understand and apply Linear Programing and Game Theory
CO 4 – Understand Concept of partial and general equilibrium
CO 5 – Learn Welfare economics and its theories |
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MACRO ECONOMICS |
CO 1 – Understand Inflation and its types, analyze Philip curve.
CO 2 –Concept of business cycle and various theories related to it.
CO 3 – Analyze, evaluate and understand MONETARY AND FISCAL policy.
CO 4 – Derivation and analyses of IS-LM Model.
CO 5 – Understand concept of RATEX, New and classical macroeconomics. |
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RESEARCH METHODOLOGY AND COMPUTER APPLICATION |
CO 1- Understanding basic concept of research, drafting of questionnaire.
CO 2- Understand concept of SAMPLING, its merits and flaws.
CO 3 –Learn tabulation of data and its application
CO 4 – Learn to formulate and test hypothesis on various data available.
CO 5 – Understand |
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INDIAN ECONOMICS POLICY |
CO 1 – Understand five year plan and decentralization outcomes
CO 2 – Understand the concept of poverty, Inequality and unemployment.
CO 3 – Understand Indian financial system
CO 4 – Understand India’s foreign trade, FEMA, SEZ and trade reforms.
CO 5 –Understand WTO and its impact on Indian economy |
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LABOUR ECONOMICS |
CO 1 –Learn factors affecting labour market and theories of labour.
CO 2 – Learn classical theories of labour market.
CO 3 – Understand nitty-gritty of labour movements in India.
CO 4 – Understand laws related to labour in India.
CO 5 – Learn labour welfare in India and labour commission recommendation |
Co-curricularactivities:
Ø Role play on game theory.
Ø Departmental seminar on annualmonetary policy 2019.
Ø Departmental seminar on fiscal policy and central andstate budget for present financial year.
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SEMESTER III |
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ECONOMICS OF GROWTH |
CO 1 – Understand Economic growth and development and various
Index used by UNDP.
CO 2 – Understand the concept of capital output ratio and project finance.
CO 3 – Learn various theories of Growth.
CO 4 – Understand modals of growth.
CO 5 – Learn Growth accounting, four sector modal of growth |
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INTERNATIONAL TRADE |
CO 1- Learn theories of INTERNATIONAL TRADE.
CO 2 – Learn modern theories of INTERNATIONAL TRADE.
CO 3 – Learn to analyze trade barriers and their outcomes.
CO 4 – Understand balance of payments and valuation of foreign exchange
CO 5 – Understand foreign trade multiplier and exchange rate system. |
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PUBLIC FINANCE |
CO 1 – Understand public finance and taxation
CO 2 – Understand public expenditure in India.
CO 3 – Understand public revenue with trends in India
CO 4 – Understand impact and source of public.
CO 5 – Understand different types of budget, Budget process in India. |
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ENVIRONMENTAL ECONOMICS |
CO 1- Understand economics of Environment
CO 2 – Learn economic theory of environment.
CO 3 – Understand connectivity between environment, agriculture and
Population.
CO 4- Understand Ecological economics, national income and
Environmental economics.
CO 5 – Learn environmental values and methods. Environment and WTO |
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DEMOGRAPHY |
CO 1 – Understand basic concept of Demography, GINI coefficient and
LORENZ curve.
CO 2 – Learn types and effect of migration, HR development in India.
CO 3 – Understand different types ofMortality
CO 4 – Learn various concept of fertility.
CO 5 – Understand various women empowerment measures. |
Co-curricularactivities:
Ø Case Study on formation of EuropeanUnion and impact of “BREXIT”
Ø Mathematical study for deriving LORENZcurve and GINI coefficient using hypothetical data.
Ø Groupdiscussion on “India’s performance in HDI”
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ECONOMICS OF DEVELOPMENT AND PLANNING |
CO 1 – Learn Economic planning and five year plan in India.
CO 2 – Learn theories of development- MARX, SHUMPETER, ROSTO
CO 3 – Understand approach to growth – ARTHUR LEWIS, RANIS
AND FIE, LEIBENSTEIN THESIS
CO 4 – Understand Development modals
CO 5 – Investment criteria in economic development, time series |
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INTERNATIONAL ECONOMICS |
CO 1 – Understand foreign trade, progress of various trade blocs
CO 2- Understand various multi-lateral agreements, WTO, UNCTAD
CO 3- Theory of capital movements across nations
CO 4 –Understand work and impact of International organizations
CO 5- Learn overview on BIMSTEC, OPEC, NAFTA etc. |
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PUBLIC ECONOMICS |
CO 1 –Learn Role of public finance in India, Fiscal Fedralism.
CO 2 – Understand role of fiscal federalism, Gadgil formula
Learn fourteenth finance commission.
CO 3 – Understand India’s tax system. Learn Jha committee report,
Kelkar committee report, Chelliah committee.
CO 4 – Analysis of CHHATTISGARH government budget.
CO 5 – Financial responsibility and Budgetary management act |
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ECONOMICS OF SOCIAL SECTOR |
CO 1 – Learn economic impact of pollution, Global warming,
Pollution control stratergies.
CO 2 – Understand Kuznet’s curve, The concept of sustainable
Development.
CO 3 – Understand economies of resources, people participation in
Management of forest land.
CO 4 – Understand Economies of education.
CO 5- Understand Health economics HDI, GDI, GEM, HPI |
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VIVA VOCE |
CO 1 – Learn basic concept of social research.
CO 2 - Learn to prepare questionnaire for conducting economic
Research.
CO 3 – Prepare Table for further mathematical calculations
CO 4 – Draw down conclusion from the data collected.
CO 5 – Provide Suggestions and recommendation for the topic. |
Co-Curricular Activities :
Ø Departmental Presentation on Chhattisgarhstate budget for previous assessment year.
Ø Video lecture on BIMSTEC, NAFTA, OPEC
