POs, PSOs & Cos

PROGRAM SPECIFIC OUTCOME

M A DEVELOPMENT ECONOMICS

The principal aims of objectives of the MA Economics programme are:

1.1To provide students an advanced and specialised education in Development Economics;.
1.2. To provide structured curricula which support the academic development of students;
1.3. To provide and adapt curricula that prepare our post graduates for employment and inculcate quest for PhD and other higher courses in Economics;
1.4. To provide the students with the opportunity to pursue courses that emphasize quantitative and theoretical aspects of Development Economics;
1.5. To provide students with the opportunity to focus on applied and policy issues in Economics;
1.6. To provide a well-resourced learning environment for Economics so as to motivate them to be the future economists.

B A DEVELOPMENT ECONOMICS

The principal aims of objectives of the BA Economics programme are:

1.1To provide students an advanced and specialised education in Development Economics;.
1.2. To provide structured curricula which support the academic development of students;
1.3. To provide and adapt curricula that prepare our post graduates for employment and inculcate quest for PhD and other higher courses in Economics;
1.4. To provide the students with the opportunity to pursue courses that emphasize quantitative and theoretical aspects of Development Economics;
1.5. To provide students with the opportunity to focus on applied and policy issues in Economics;
1.6. To provide programmers that allow the students to choose from a wide range of economic specialization;
1.7. To provide a well-resourced learning environment for Economics so as to motivate them to be the future economists.

COURSE OUTCOME (CO)

M A DEVELOPMENT ECONOMICS

CORE 1: MICROECONOMIC THEORY –I (ECO1C01)

Course Objectives

• To evaluate recent development in Consumer choice
• To analyse the modern trends in demand analysis
• Advanced understanding of production function
• To get deeper knowledge of Markets with asymmetric information
• To evaluate Duopoly and Oligopoly markets

CORE 2: MACRO ECONOMIC THEORY- I (ECO1C02)

Course Objectives

• To understand evolution, growth and Development of Macro Economics
• To get deeper knowledge of Process of Income Determination
• To understand Neo-classical and Keynesian Synthesis
• To look into Behavioural Foundations of Macro Economics
• To evaluate Theory of Demand and Supply of Money

CORE 3: QUANTITATIVE TECHNIQUES FOR ECONOMIC ANALYSIS (ECO1C03)

Course Objectives

• To increase the student's ability to apply proper mathematical tools to specific economic problems
• To make appropriate policy decisions
• For prediction and forecasting of various economic aspects
• To get the students into the quantitative aspects of research

CORE 4: DEVELOPMENT ISSUES OF INDIAN ECONOMY(WITH SPECIAL REFERENCE TO KERALA)-1(ECO1C04)

Course Objectives

• To give students deeper insight of structural aspects of Indian Economy
• To Introduce various Developmental Issues of the economy
• To evaluate Demographic profile of the country
• To evaluate Kerala Economy

CORE 5: MICROECONOMIC THEORY –II(ECO2C05)

Course Objectives

• To analyse Extension of the traditional theory of the firm
• To evaluateTheory of product pricing
• To get deeper understanding of Theory of distribution
• To introduce General equilibrium and welfare economics

CORE 6: MACRO ECONOMIC THEORY- II(ECO2C06)

To get deeper insight of following area

• Macro Economics in an Open Economy
• Theory of Inflation and Unemployment
• Current Controversies in Macro Economics
• Macroeconomic Policyics

CORE 7: DEVELOPMENT ISSUES OF INDIAN ECONOMY (WITH SPECIAL REFERENCE TO KERALA)-II (ECO2C07)

To prove in depth understanding on

• Sector wise analysis – Agriculture
• Industry and Infrastructure
• India and Global Economy
• Kerala Economy

CORE 8: PUBLIC ECONOMICS-I (ECO2C08)

To have fine idea on

• Theory of Social and Private Goods
• Structure and growth of public expenditure
• Public revenue and related aspects
• Wider view on Public Revenue
• Fiscal policy

CORE 9: BASIC ECONOMETRICS(ECO2C09)

To introduce and evaluate

• Evolution, basic information and meaning of the Econometrics
• Estimation and testing of different Regression models
• Violation of CLRM consequences, detection and remedial measures
• Simultaneous equation models
• Better understanding of Prediction using econometric models

CORE 10: PUBLIC ECONOMICS –II(ECO3C10)

To expertise

• Changing dimension of public finance
• Overall aspects of Taxation
• Trends of public expenditure in India
• Budget
• Fiscal Federalism

CORE 11: ECONOMICS OF GROWTH AND DEVELOPMENT- I(ECO3C11)

To extend supporting hand in understanding of

• Measurement of growth and development
• Measurement of growth and development
• Theories of development
• Structuralist and neo liberal paradigms of development
• International aspects of development

CORE 12: ENVIRONMENTAL ECONOMICS(ECO3C12)

To familiarise student with

• The economy and environment
• Economics of sustainable development
• Climate change and Agriculture development
• Environment Impact Assessment (EIA)
• Regulating pollution

CORE 13: FINANCIAL ECONOMICS (ECO3C13)

To get deeper insight of following area

• Financial System
• Time value of money
• Risk and Return
• Derivatives Market
• Portfolio Management

CORE 14: GLOBAL TRADE AND FINANCE (ECO4C14)

To acquaint with and evaluate

• International Trade Theories
• Balance of payments
• Foreign Exchange Rates
• International monetary system and capital flows
• Theory of Regional Economic Co-Operation

CORE 15: ECONOMICS OF GROWTH AND DEVELOPMENT- II(ECO4C15)

To make known to and evaluate

• Growth, development and social justice
• Population and development
• Role of capital and technology in development
• Industry, agriculture and development
• Planning and development

CORE 16: INDUSTRIAL ECONOMICS (ECO3E02)

To assess and apprise

• Introducing Industrial economics
• Role of Industrialization in Economic Development
• Industrial Finance and industrial finance institutions
• Industrial growth in India

CORE 17: MATHEMATICAL ECONOMICS (ECO4E15)

To introduce and evaluate mathematical understanding of

CORE 18: DISSERTATION (ECO4Pr)

To provide better idea about

• To formulate a research problem that is unknown to the field and if solved, will yield new knowledge
• To devise a research methodology and plan to investigate the problem
• To carry out the research in an efficient and effective manner, gathering data that are reliable and relevant to the problem
• Toanalyze the data in a manner that will answer the research problem
•To draw conclusions that actually lead to an answer to the research problem
• To communicate the results of the research effectively
• To communicate the importance of the results of the research to the broader field of inquiry

CORE 18: DISSERTATION (ECO4Pr)

To provide better idea about

• To formulate a research problem that is unknown to the field and if solved, will yield new knowledge
• To devise a research methodology and plan to investigate the problem
• To carry out the research in an efficient and effective manner, gathering data that are reliable and relevant to the problem
• Toanalyze the data in a manner that will answer the research problem
•To draw conclusions that actually lead to an answer to the research problem
• To communicate the results of the research effectively
• To communicate the importance of the results of the research to the broader field of inquiry

B A DEVELOPMENT ECONOMICS

SEMESTER I

CORE 1: MICROECONOMICS – I (1B01- ECO)

Course Objectives

This course helps students acquaint and equip themselves with the basic theories and concepts that the mainstream economic literature introduced as tools of decision making. Knowledge of these theories and concepts are prerequisites for higher education in Economics, and thus, this course will help build the foundation for higher education. Learning this course will help scholars understand how economic agents take decisions and how they would respond to changes in economic phenomena.

• To deal with basic theories and concepts that the mainstream economic literature
• To understand the cost and production analysis.
• To know about different market equilibrium and respective market
• To give basic knowledge about consumer choices

SEMESTER II

CORE 2: MICROECONOMICS – II (2B02- ECO)

Course Objectives

This course, as a continuation of Microeconomics-I, helps students extend their knowledge in basic theories and concepts that the mainstream economic literature introduced as tools of decision making. Knowledge of these theories and concepts are prerequisites for higher education in Economics, and thus, this course will help build the foundation for higher education. Learning this course will help the students to understand how economic agents take decisions and how they would respond to changes in economic phenomena.

•To give basic knowledge about different market structure
• To understand economic decision making in different markets
• To brief about factor market
• To give an insight about social welfare and welfare economics

SEMESTER III

CORE 3:MACROECONOMICS – I (3B03- ECO)

Course Objectives

This course helps students acquaint and equip themselves with the basic macroeconomic theories and concepts. It enables them to understand the working of the economy at the aggregate level. It will also help them to critically analyze the alternative economic policies required to develop suitable solutions to various economic problems of their society and economy.

• To understand systems facts and the latest theoretical developments in Macro Economics
• To Analysis of Classical Macroeconomic Model
• To sum up Keynesian Macroeconomic Model
• To evaluate Consumption and Investment Behaviour of Households and Firms

CORE 4: INTERNATIONAL ECONOMICS (3B04- ECO)

Course Objectives

International Economics deals with the economic and financial interdependence among nations. The economic actions of many of the business firms and government organizations are affected directly or indirectly by international economic events. Hence, this course in International Economics will present students with most of the questions and their answers related to international economic problem. The Course will cover most of the theories of international trade, international economic integration, trade and growth, balance of payments and international monetary system etc. The students are expected to learn by the completion of the course most of the issues and their solution with regard to international trade. It will also help those students who plan to go for higher studies and research in the field of International Economics

• To deals with the economic and financial interdependence among nations.
• To understand BOP
• To study BOT
• To get familiar with TOT
• To learn Foreign Exchange and international financial system

SEMESTER IV

CORE 5:MACROECONOMICS – II (4B05- ECO)

Course Objectives

This course, as a continuation of Macroeconomics-I, will help students to acquaint and equip themselves with the basic macroeconomic theories and concepts. It will enable them to understand the working of the economy at the aggregate level. It will also help them to critically analyze the alternative economic policies required to develop suitable solutions to various economic problems of the society and economy.

• To get familiarise with theories of money flow
• To sum up ISLM and other relevant macroeconomics models
• To introduce trade cycles and other macroeconomics aspects such as employment, inflation and so on

CORE 6: ENVIRONMENTAL ECONOMICS (4B06- ECO)

Course Objectives

This paper aims at providing an exposure to the students in the basics of environmental economics and its conceptual foundations. It provides the necessary training to the students of economics and equips them to deal with issues in the environmental sectors. It will assist the students to analyze the issues and to develop solutions for policy purposes. The aim of this course is to equip the students to apply economic tools and methods to minimize environmental damages.

• To maintain economic growth and development of Indian economy
• To ensure environmental protection and pollution control measures
• To teach economic aspects of environment and related theories
• To enhance knowledge about role of environment in economic planning

SEMESTER V

CORE 7: BASIC TOOLS FOR ECONOMIC ANALYSIS – I (5B07- ECO)

Course Objectives

This course is expected to provide students with an elementary introduction to statistical tools and mathematical concepts that are used in the study of Economics in UG level. This course will cover essential elementary topics in Statistics and mathematics. The basic aim of the course is to develop skills in applying statistical techniques and mathematical concepts that are indispensable for the in-depth study of theoretical as well as empirical economics.

• Understanding in quantitative techniques with in economics
• Role of statistics in economics
• To introduce Elementary Mathematics
• To sum up Elementary set theory and description of data
• to understand basic probability

CORE 8: ALTERNATIVE ECONOMICS (5B08- ECO)

Course Objectives

This paper intends to introduce students of economics to a few alternative approaches to neo-classical economics. The course essentially intends to teach methodological departures and the possibilities to think differently

• To introduce students of economics to a few alternative approaches to neo-classical economics
• To teach methodological departures and the possibilities to think differently
• To introduce Elementary Mathematics
• To introduce new branches of economics

CORE 9: RESEARCH METHODS AND TECHNIQUES FOR ECONOMIC ANALYSIS (5B09- ECO)

Course Objectives

This course introduces methodological differences between different schools of economic thought. It will also introduce students to quantitative and analytical tools required to prepare research projects. Thus the course will provide basic skills required to execute the project work taking account of the most relevant economic theory and available primary or secondary dataset appropriate to the economic phenomena selected for the project work. Since the under graduation and post graduation curriculum includes research project work this course will equip the students to understand different ways of looking at economic issues and different methods to tackle the matter appropriately.

• Explain the main concerns of social science disciplines.
• Articulate the basic terminology and theories prevalent across various disciplines.
• Understand qualitative and quantitative models within the social sciences, especially economics
• Learn to apply the methods and theories of social sciences to contemporary issues.
• Critically read popular and periodical literature from a social science perspective. .

CORE 10:Economics of Development and Planning -I(5B10DEV ECO)

Course Objectives

This course is intended to create general understanding among students about the theories of development and growth models so as to explain the development or growth process of various countries or states. It will also give an idea about how they are different by giving empirical details of various indicators of growth and development in India in comparison to other parts of the world.At the end of the course the student will be able to understand various developmental issues faced by an economy and place it within the developmental debate.

• To create general understanding among students about the theories of development and growth models so as to explain the development or growth process of various countries or states
• To give an idea about how they are different by giving empirical details of various indicators of growth and development in India in comparison to other parts of the world
• To understand various developmental issues faced by an economy and place it within the developmental debate

CORE 11:ECONOMICS OF BANKING &FINANCE (5B11- ECO)

Course Objectives

Banking and financial institutions is an integral part of the economic system of a country. The nature, functioning and issues related to financial institutions need to be understood by students of economics. The operation and regulation of financial institutions are to be studied to appreciate their key role in an economy, especially after the far-reaching banking and financial sector reforms in India and elsewhere. The present course is designed to acquaint the students fully with the fundamentals of financial system

• To understand evolution of banking
• To identify structure and functions of banking.
• To maintain awareness of banking sector
• To introduce the students to the various facts of banking sector

SEMESTER VI

CORE 12:BASIC TOOLS FOR ECONOMIC ANALYSIS – II (6B12- ECO)

Course Objectives

This course is expected to provide students with an elementary introduction to statistical tools and mathematical concepts that are used in the study of Economics in UG level. This course will cover essential elementary topics in Statistics and mathematics. The basic aim of the course is to develop skills in applying in statistical techniques and mathematical concepts that are indispensable for the in-depth study of theoretical as well as empirical economics

• To This course is expected to provide students with an elementary introduction to statistical tools and mathematical concepts that are used in the study of Economics in UG level
• To introduce essential elementary topics in Statistics and mathematics.
• To develop skills in applying in statistical techniques and mathematical concepts those are indispensable for the in-depth study of theoretical as well as empirical economics

Core 13: Economics of Development and Planning –II (6B13-DEV ECO)

Course Objectives

This course is the continuation of the fifth semester paper and intended to create better understanding of the development aspect in economics. it also explains the basic theories of the development economics and also provides light to the recent aspects of growth and development.

• To introduce famous theories growth and development
• To understand latest aspects and challenges of growth and development issues of the world

CORE 14: PUBLIC ECONOMICS (6B14- ECO)

Course Objectives

Public economics is a wider concept compared to public finance and it incorporates theories of state and rationale of public finance as well. This paper covers theories of public economics and discusses about Indian public finance. It looks at how public sector behaviour is shaped and discusses about public choice. This will also deal with the nature of government intervention and its implications for allocation, distribution and stabilization. The objective of the course is to provide an understanding of the basic issues relating to public revenue, expenditure, debt management, budget preparation and centre state financial relations in India. This learning will make them capable of understanding the financial activities and policies of the government.

• To find Nature and scope of public economics
• To analyze meaning and importance of federalism
• To covers theories of public economics and discusses about Indian public finance
• To look at how public sector behaviour is shaped and discusses about public choice
• To understand the nature of government intervention and its implications for allocation, distribution and stabilization
• To provide an understanding of the basic issues relating to public revenue, expenditure, debt management, budget preparation and centre state financial relations in India
• To make them capable of understanding the financial activities and policies of the government

CORE 15: BASIC ECONOMETRIC ANALYSIS (6B15- ECO)

Course Objectives

The most striking developments in recent decades in Economics have been the increased emphasis on the development and use of econometric techniques for the analysis of economic problems. The study of Econometrics has become an essential part of every undergraduate course in Economics, and it is not an exaggeration to say that it is also an essential part of every economist’s training. Mastery over econometric tools helps the practitioner understand the problem at hand in its different dimensions. Econometric methods have proved particularly useful for understanding the inter-relationships among econometric variables. Hence, training in econometrics at UG level will enhance the analytical skill of students thereby they will attract wider demand in professional fields.

• To showcase the increased emphasis on the development and use of econometric techniques for the analysis of economic problems.
• The study of Econometrics has become an essential part of every undergraduate course in Economics, and it is not an exaggeration to say that it is also an essential part of every economist’s training
• Mastery over econometric tools helps the practitioner understand the problem at hand in its different dimensions
• To enhance the analytical skill of students thereby they will attract wider demand in professional fields

CORE 16:PROJECT/COURSE WORK (6BP - ECO)

Course Objectives

Generating new knowledge and updating existing knowledge from the day to day experience is one of the aims of higher education. For this purpose a student is to be encouraged to search and research for finding new knowledge. Student should be able to apply the theoretical knowledge that they acquired in class room environment to the real world situations by taking up any issue as a project that requires review, explanation or solution. The theme of the project need not be restricted to any particular course. Instead, the topic may be selected from any of the courses that the student is exposed to in various semesters.

This course is designed to enable the student to approach socio-economic issues in a theoretical perspective. The student is encouraged to collect and organize the existing information on the topic and arrive at his/her own logical conclusion by following a methodology and applying the analytical tool

• To create a research aptitude
• To motivate students to enquire into recent relevant economic issues and find solutions
• To generate new knowledge and updating existing knowledge from the day to day experience is one of the aims of higher education
• To provide opportunity to apply the theoretical knowledge that they acquired in class room environment to the real world situations by taking up any issue as a project that requires review, explanation or solution
• To enable the student to approach socio-economic issues in a theoretical perspective. The student is encouraged to collect and organize the existing information on the topic and arrive at his/her own logical conclusion by following a methodology and applying the analytical tool.

Development Economics