The Objectives of the Course are as follows:
CO1. To acquire Knowledge and understand the basic concepts and terminologies in Economics.
CO2. To gain knowledge and evaluate the role and functions of public economics.
CO3. To Analyze and understand the basic structure of banking and financial markets.
CO4. To acquire the basic knowledge regarding international trade, economic planning and federal finance and analyze the same.
The course is intended for attaining the following outcomes:
|
|
COURSE OUTCOME |
POs/PSOs |
CL |
KC |
Class Sessions |
|
CO1 |
understand the consumption function and its numerical illustration |
PO1/ PSO1 |
U |
|
7 |
|
CO2 |
understand the relevance of different consumption theories |
PO1/PSO1 |
U |
|
6 |
|
CO3 |
understand the concept of investment ,its determinants ,investment theories and its relative importance |
PO1/PSO1 |
U |
|
8 |
|
CO4 |
understand the determination of general price level in an economy according to classical and keynesian economists
|
PO1/PSO1 |
U |
|
6 |
|
CO5 |
understand the concept of inflation , its types and different theories
|
PO1/PSO1 |
U |
|
20 |
|
CO6 |
evaluate the inflation levels of various countries and its impact on the respective economies
|
PO1/PSO3 |
E |
|
8 |
|
CO7 |
Analyze fiscal and monetary policy decisions to counter business cycle swings by using macro-economic models
|
PO2/PSO1 |
A |
|
15 |
|
CO8 |
Understand the contributions made by post Keynesian economists |
PO2/PSO1 |
U |
|
20 |
|
|
TOTAL HOURS OF INSTRUCTION |
90 |
|||
The paper demonstrates how econometrics can be used to empirically validate economic theories. It gives students a full understanding of how econometrics is genuinely useful for policy evaluation and forecasting economic environments.
FOLLOWING ARE THE COURSE OUTCOMES OF MICRO EONOMICS I
Understands micro economic Concepts
Analyses pricing strategies in the market
Develops understanding regarding various aspects of demand and supply
Evaluates various factors aspects of elasticity
Understands the theory of consumer behaviour
Understands the behavior of economic agents
Understands the theory of production
Compares the Traditional & Modern theories of Cost