Economics

Program Outcomes  

The Programme outcomes (POs) are expected to be as under:

• Students will be able to understand economic vocabulary, methodologies, tools and analysis procedures.
• Students will be familiar with the knowledge and application of micro economics for the formulation of policies and planning.
• Students will learn to apply economic theories and concepts to contemporary social issues, as well as analysis of policies.
• Students will be able to understand the impact of government policies and will be able to assess the consequences of the policies on the parties involved.
• As the programme along with economics contains like statistics, mathematics, it enhances them to compute and assess the real situation of the economy including the size and changes of population, income pattern, and rate of development with pattern of savings and investments and social security measures adopted in the country.
• Understand the basics of Quantitative techniques their applications
• Critically evaluate the ongoing economic developments in India and abroad
• Understand research methods in economics
• Student develops an awareness of career choice and the option for higher studies.

Learning Objectives

The Graduates will demonstrate:

• Knowledge of the principles, methodologies, value systems, and thought processes employed in understanding economic behaviour of human beings;
• Ability to solve problems in microeconomics and macroeconomics;
• Understanding of contemporary economic issues and the impact of public and social policies to resolve them;
• Understanding of markets and how they function;
• Ability to identify, formulate and solve problems related to global, national and local socio-economic development.
• Ability to design and conduct social and behavioural experiments.
• Ability to design Questionnaires and other Survey tools.
• Ability to structure and analyse economic data with statistical tools, software and equipment;
• Ability to critically evaluate academic and policy research in economics;
• Ability to visualize and work on multidisciplinary tasks;
• knowledge of professional and ethical responsibilities;
• Ability to communicate effectively in both verbal and written form;
• Confidence for self-education and ability for life-long learning.
• Participation and success in competitive examinations like UPSC/KPSC Civil Services, Indian Economic Services etc.;
• Ability to prepare and understand simple financial statements