Department
ECONOMICS
Semester & Paper
Topics
Programme Specific Outcomes
I
DSC- 1.A
INDIAN ECONOMY
II
DSC 1.B
PRINCIPLES OF MICRO ECONOMICS
1. Structure of Indian Economy
Features of Indian Economy, Problem of Population Explosion, Poverty, Unemployment & Inequalities of Income in India – Measures to check poverty & unemployment.
National Income of India.
2. Agriculture Sector in India
Place of Agriculture in the National Economy since 1991- National Agriculture Policy-Food Security in India & Modernization of agriculture – Problems of Agricultural Labourers.
3. Indian Industries
Importance of Industrialization – Industrial Policies since 1991 – Problems of large scale industries – role 7 Problems of Small scale industries – Emergence of IT Industry.
4. Tertiary Sector in India
India’s Foreign Trade – India’s Balance of Payments since 1991. Reserve Bank of India – Reforms in Banking- Financial Sector Reforms – Demonetization.
5. Plans, Fiscal System & Karnataka Economy
1. The Fundamentals of Economics
Achievements & Failures of Five Year Plans – NITI Aayog – GST – Current Year Union Budget.
Karnataka Economy.
Microeconomics: Meaning – Nature & Scope- Importance & Limitations- Basic Problems of an Economy- Production possibility curve.
2. Consumer Behaviour
Cardinal Analysis of Utility.
Ordinal Analysis & Revealed Preference Theory.
3. Theory of Demand & Supply
Demand: Meaning – Law of Demand – Elasticity of Demand: Meaning & Types – Measurement of Price Elasticity of Demand. Meaning of Supply, Law of Supply, and Determinants of Supply.
4. Production, Cost & Revenue Concepts
Production Function – Law of Variable Proportion- Law of Returns to scale. Concepts of Costs & Concepts of Revenue.
5. Product & Factor Pricing
Product Pricing under different market conditions.
Factor Pricing: Marginal Productivity Theory & Modern Theory of Distribution.
III
DSC 1.C
PRINCIPLES OF MACRO ECONOMICS
1. An overview of Macro Economics
2. Classical Theory of Employment
Macro Economics: Meaning, Types, Scope & Importance – Basic concepts of Macro Economics – National Income: Meaning & Importance – Concepts- Circular flow of Income.
Basic Assumptions – Say’s Law of Market
Wage- Price flexibility- Saving & Investment equality- Evaluation of the classic theory.
3. Keynesian Theory
Effective Demand & its determinants.
Equilibrium level of Income & Employment.
Consumption Function – Investment Function – Multiplier & Accelerator - Evaluation of Keynesian theory.
4. Inflation, Deflation & Business Cycles
Inflation: Meaning, Types - Causes & Effects – Inflationary Gap.
Deflation: Meaning – Causes & Effects- Deflationary Gap. Business Cycle.
5. Macro Economic Policy & New Classical Macro Economics.
Monetary Policy: Objectives & Importance Credit control measures- Fiscal policy: Objective & Importance- Tax, Expenditure, Debt & Budgetary measures.
New Classical Macro Economics- Supply side Economics & its theoretical propositions- rational expectations & policy conclusions.
IV Sem
DSC 1.D
MATHEMATICS & STATISTICS FOR ECONOMICS
1. Introduction
Nature & Scope – Importance & Limitations of Mathematics.
Functions & Functional Relationship.
Linear & Non linear functions.
Set – Matrix.
2. Applications of Linear Functions
Equilibrium of Supply & Demand, Impact of specific tax & subsidy on equilibrium.
3. Derivatives of Function
Concept of Continuity & Limit.
Rules of Differentiation – Application to derive MC & MR.
Elasticity of Demand – Profit Maximization & Cost Minimization.
4. Statistics
Definition, Scope, Importance & Limitations of statistics.
Sources of Data.
5. Measures of Central Tendency, Dispersion & Index Number
Mean, Median & Mode.
Measures of Dispersion.
Index Number.
V Sem
DSE 5.1A
MONEY, BANKING & PUBLIC FINANCE
1. Money.
Money: Meaning, Kinds & Functions of Money – Role of Money – Supply of Money.
2. Theories of Money
Concept of value of Money – Theories of value of money: Fisher’s equation of exchange, Cambridge equation & Re-statement of quantity Theory of Money.
3. Commercial Banking
4. Central Banking
Meaning & Importance – Types of Banking: Unit & Branch Banking – Balance sheet- Credit creation- Role of NBFI’s in Economic Development.
Functions of Central Bank- Objectives & Methods of Credit control- Role of Central Bank in developing economy.
5. Public Finance
Nature & Importance- Principle of Maximum Social Advantage- Difference between public & private goods- Welfare Functions of Modern Governments.
6. Public Revenue,
Public Expenditure & Public Debt
Tax & Non- Tax Revenue- Direct & Indirect Taxes-Meaning & Types of Public Expenditure- Wagner’s Law of Public Expenditure.
Meaning & Types of Public Debt & Redemption. Budget- Meaning & Types.
VI Sem
DSE 6.1 B
ECONOMICS OF DEVELOPMENT & PLANNING
1. Economic Development
Distinction between Economic Growth & Development- Indicators of Development- Measures of Economic Development: GNP, PQLI, HDI, GEM & Sustainable Development
2. General Theories of Economic Growth
Theory of Adam Smith- T.R. Malthus- Karl Marx- Schum Peter- Rostow- Harrod- Domar Model.
3. Partial Theories of Economic Development
Lewis Labour Surplus Model- big Push Theory- Critical Minimum Effort Approach- Balanced v/s Unbalanced Growth.
4. Factors in the Development Process
Capital Accumulation- Capital- Output Ratio- Technology & Economic Development- State & Market Failure – Rethinking on the role of the State- Inclusive development- Millennium Development Goals- Sustainable development Goals.
5. Economic Planning
Need & Objectives of Planning- Types of Planning- Role of Economic Planning in Economic development.
Sl.no.
Topic
Course Outcome
01
I Sem
DSC 1.A
Indian Economy
CO-1-
Ø The syllabus has been designed in such a way that the students would be able to understand their own Economy – that is Indian Economy. They would be able to understand the basic features of the Indian Economy.
Ø The students would be able to realize the importance of economic activities in the growth and development of a country.
Ø Understand the causes and impact of population growth and its distribution and relate them with economic development
Ø Sensitize the students towards growing inequalities in our country
Ø Develop critical understanding about relevant contribution of the various sectors of the economy.
Ø Understand agriculture as the foundation of economic growth and analyze the progress and changing nature of agricultural sector and its contribution to the economy as a whole.
Ø In Indian Economy students study about various problems like poverty, unemployment, population explosion etc
02
II Sem
Principles of Micro Economics
CO-2-
Ø Understand the fundamentals of Micro Economics.
Ø They will be able to understand consumer’s behaviour and analyze consumer’s decision.
Ø Get an introduction to supply and demand and the basic forces that determine equilibrium in a market economy
Ø The objective of Micro Economics is to analyze how individual decision makers, both the consumers and producers behave in a variety of economic environment.
Ø Micro economics facilities easy comprehension of the economic system
Ø Micro economics promotes understanding of the operation of the economy.
Ø Micro economics is of great help in the formulation of economic policies.
Ø It helps them to allocate their scarce resources efficiently.
Ø Student will come to know different market conditions, how the price and output are determined, cost and revenue concepts, maximization of profits minimization of costs etc.
03
III Sem
Principles of Macro Economics
CO-3-
Ø Explains what Macro Economics is and why it is important
Ø Introduced to the concept of National Income how it is computed, what are the difficulties involved.
Ø Further it states the standard of living of the people.
Ø Helps to understand the effects of Inflation and deflation, and steps to control the same.
Ø Enable students to acquire necessary skills for analyzing basic economic issues at the micro and Macro levels. It provides the required tools that enable the formulation of various economic policies.
04
Mathematics & Statistics for Economics
CO-4-
Ø For the proper understanding of Economics the knowledge of mathematics is inevitable.
Ø Majority of economic variables can be quantified
Ø Understand how mathematics is applied to solve practical problems.
Ø Students develop excellent analytical and problem solving skills that are highly valued by employers.
05
DSE 5.1 A
Money, Banking & Public Finance
CO-5-
Ø Understanding money& banking is a necessary component to sound financial investment.
Ø Analyze how the banking system work & its impact on society.
Ø Use current technology to track changes occurring in the banking system.
Ø Identify the role of Reserve Bank of India.
Ø Study about the financial matters of the government- Public Revenue, Public Expenditure & Public Debt of the Government.
06
Economics of Development & Planning
CO-6-
Ø Discuss competing theories of Economic Development.
Ø Demonstrate deep analytical understanding of contemporary economic development issues.
Ø Study objectives of Economic Planning, types of planning & role of planning.
The study of Economics provides atoolkit of skills, approaches & ways of thinking that can be applied to awide range of problems. Economics helps the student to think strategically& make decisions to optimize the outcome. Economics students in generalwill be able to understand the past, present economic conditions of thecountry, they will also be able to forecast future course of changes throughtheir knowledge of policies & programs set by the Government & otherdevelopment agencies. Nation benefits from having an economically literatepopulation because it improves the public ability to comprehend & evaluatecritical issues.
near old bus stand,Hassan,573201
+08172268568
avkc_hsn@hotmail.com
The college was established in September 1966 for providing higher education to the Women students specially who were socially and economically deprived.
© AVK. All Rights Reserved. Designed by Dendron IT Solution