Course Outcome

UG DEPARTMENT OF ECONOMICS

PG DEPARTMENT OF ECONOMICS

BA ECONOMICS

SEMESTER I

• With this course, students are expected to learn the simple relationships and ideas in the theory of consumption, production, cost and revenue.

SEMESTER II

• With this course, students are expected to learn the relationships and ideas in the measurement of national income, the .theory of income determination, fiscal and monetary policies, the government and its role in the functioning of the economy, etc

SEMESTER III

• This course in quantitative methods will cover the essential topics in mathematics needed for Economic analysis.
• It is also expected to develop skills in students in understanding the functioning of various type of market. This crucial skill will certainly help students in understanding and solving economic problems of the society, make policy.

SEMESTER IV

• Students are expected to acquire statistical skills that are necessary for further study in most branches of economics.
• This course is also expected to develop skill in economic reasoning. This vital skill is expected to help them in understanding and solving aggregate economic problems.

SEMESTER V

• This course aims at giving students a reasonable introduction to Indian economy. The course will concentrate on both the achievements and the issues of the economy
• The students will acquire mathematical skills which will help them to build and test models in economics and related fields. The course will also assist them in higher studies in economics
• The students are expected to learn how the principles of economics can be applied to sound decision making in public finance. They are expected to learn all the important economic issues that government agents face.
• The students are expected to acquire skill that will help them to take rational decisions in Issues related international economics.

SEMESTER VI

• The students will have a thorough understanding of the development of economic ideas. It will also help to understand the theoretical framework of Economics
• The students are expected to acquire skill in the structure of Indian financial system understand recent developments in money market and capital market

MA ECONOMICS

SEMESTER I

• It helps the students to enrich their basic understanding and logical reasoning.
• It give more insights about risk and return, methods of managing risks, diversifying risks, probabilities of getting more returns on investment made.
• The course helps to know the psychological and behavioural factors involved in demand, consumption, marketing and trading.
• The students can familiarize about various production technologies, production functions and markets
• This course also enables the students to know about the following aspects that can definitely influence in taking intellectual decision particularly in the situations of dilemma and uncertainty as how to manage problems and take optimal decisions.
• The students understand the methods of calculating macro aggregates like national income, Inflation, unemployment and Balance of Payment.
• The students become familiar with the macro level data sources and gain interest for research in aggregative data and enable the student to understand and analyze the relationship between aggregates.
• The students will be able to make a critical evaluation of the economic performance of the countries and think of alternative policies and ways for fine tuning the economy.
• Help the students to devise mathematical modelling for economic theories
• Students will be able to identify sectoral contributions and changes of various sectors to the GDP of Indian economy.
• Students will be able to critically evaluate emergence, performance of planning in India and able to explain the reasons of emergence of NITI Ayog.
• Students will be able to apply their knowledge on various Indian economic issues to suggest policy measures.
• Students will be able to analyse Kerala model, migration, Kerala finance, decentralization, poverty and unemployment of Kerala economy.
• Students will be able to critically evaluate various problems faced by the Indian economy like poverty, inequality, unemployment and inflation.
• Students would be able to define and describe different types of functions, matrices, derivatives, and different rates related to finance
• Students would be able to interpret the results obtained by using quantitative tools like matrices and derivatives
• Students would be able to apply functions, matrices, and derivatives for solving real world problems related to economics
• Students would be able to analyse the economic relationships using functions, matrices, and derivatives
• Students would be able to critically evaluate use of mathematical concrete tools like functions, matrices and derivates in abstract science like economics

SEMESTER II

• It helps the students to build up policy-oriented decisions which are highly in the pursuit of public welfare and public choice.
• It improves the skill and logical reasoning and decision making power of students. It helps the students for broadening their knowledge and understanding about firms and industries problems and their solutions.
• The course helps the students to know the inter relationship between different sectors.
• The course also helps the students to aware about the need and relevance of social welfare, how social welfare can be improved through the various policy implications and implementations and the alternative ways of ensuring public welfare and various social marginal conditions to achieve public welfare. This aspect of study can assure the students to improve their knowledge about the right public choice and logical thinking.
• It also helps to improves the student’s capability to look into various dimensions of transaction costs, amongst the bargaining cost and search costs are most important, the need and cost of participating into an exchange or market and the situations of wrong selection of goods due to imperfect information, increased efficiency can assure by increased wage and perks.
• The students are able to understand of the anatomy of inflation and unemployment in the short run and long run and to gain an understanding of wage – price stickiness in economies.
• The students get familiarized with the arguments and propositions of the warring schools of thought in Macroeconomics and the application of monetary and fiscal policy to bring stability and growth.
• Helps the students to understand the linkages between money supply, inflation and BoP for the economy.
• The students will be able to make a critical evaluation of the economic performance of economies and think of alternative policies and ways for fine tuning the economy
• The students are able to understand of the anatomy of inflation and unemployment in the short run and long run and to gain an understanding of wage – price stickiness in economies.
• The students get familiarized with the arguments and propositions of the warring schools of thought in Macroeconomics and the application of monetary and fiscal policy to bring stability and growth.
• Helps the students to understand the linkages between money supply, inflation and BoP for the economy.
• The students will be able to make a critical evaluation of the economic performance of economies and think of alternative policies and ways for fine tuning the economy.
• Students would be able to define and describe different concepts of probability, probability distribution, estimation and hypothesis testing Students would be able to report the implications of the results obtained by using statistical techniques like estimation and hypothesis testing.
• Students would be able to apply the knowledge he/she acquired on probability, probability distributions, estimation and hypothesis testing in situations connected to economic problems in the real world.
• Students would be able to compare and contrast different interpretations of probability theory and take a stance on which might be preferred.
• Students would be able to critically evaluate different interpretations of probability by providing objections to it and consider replies to those objections
• Students would be able articulate some alternatives to the standard (orthodox) probability axioms and describe why such alternatives exist

SEMESTER III

• The course helps the students to understand the basis of international trade and how does international trade contribute for the economic growth and development of different nations.
• The students become familiar with theories and relevant models on international trade.
• The students should understand the various international organizations which promote for economic, political and financial trading relationship and co-operation between countries.
• The Course helps the students to understand the basic concepts in economic growth and economic development.
• It provides some measurement tools and that will help the students to identify and evaluate the present scenarios.
• At the end of this course, the students learn the basic ideologies through various theoriesand to improve the critical thinking.
• It helps them to reconstruct the arguments and evaluate the ideas and issues in different perspectives
• Students would be able to define and describe the meaning, nature, scope and methodology of econometrics
• Students would be able to define the least square residual and the least square fitted value of the dependent variable and show them on a graph
• Students would be able to explain the theoretical decomposition of an observable variable into its systematic and random components
• Students would be able to use the least square method, maximum likelihood method, dummy variable model and qualitative response model for practical purposes and interpret the results
• Students would be able to appreciate the wide range of non-linear functions that can be estimated using a model
• Students would be able to explain the meaning of multicollinearity, heteroscedasticity, and autocorrelation, give examples of data set likely to exhibit these problems, and explain different methods to detect and solve these problems
• Students would be able articulate some alternatives to the standard econometric models and describe why such alternatives exist
• The course helps the students to identify the overall functioning and the services offered by the commercial banks for improving the socio-economic conditions of various customers in the economy.
• The course contributes the students an outline on the various risks in the provision of credit and the risk mitigation measures followed by the commercial banks in India.
• The course delivers an impression on the relevance of insurance in mitigating risks associated with uncertainties in life and financial transactions by the community as a whole.
• The students become more aware on banking services and they can use modern banking services and thereby support for the promotion of banking business in our economy

SEMESTER IV

• Students would be able to define and describe the working of different monetary system.
• Students would be able to analyse various investment ventures.
• Students would be able to apply different financial instruments like shares, bonds, derivatives etc for attaining.
• Students would be able to critically evaluate the financial globalization and its impact on international relations.
• The course provides the students with a thorough understanding of financial markets, services, and activities.
• Students should be able to analyze various financial aspects of investments.
• Students should enable to devise financial management and its importance
• Students should be discovering new facts and verify the impact of economic fluctuations in the economy.
• The course provides an opportunity to develop basic idea regarding various financial activities
• The students become aware of population growth, its distribution and pattern across the world.
• It helps the students to create a strong back ground on the theory
• The course supports the students to analyze and projecting the population growth and its impact on economic developments in future
• It makes awareness among the student to take population control measures.
• The course make able the students to find out and manage the resource requirements for improving the welfare of the population, improve their efficiencies and encourage them to contribute for economic development.