Programme Overview Economics

March 9, 2021 Off By admin

Department of Economics

Govt College Kullu

Name of the department: Economics

Year of establishment: 1967/2011

Name of the Program/Courses: UG/PG

No. of the Teaching posts sanctioned: 3

No. of the Teaching posts filled: 3

Faculty:

S. No.NameQualificationDesignationExperience
1.Dr. Ratnesh TripathiM.A. Ph.D. (UGC NET)Assistant Professor11
2.Sh Hira SinghM.A. M.Phil. (UGC NET)Assistant Professor6
3.Dr. LokeshM.A. Ph.D. (UGC NET JRF, SRF)Assistant Professor6

COURSE STRUCTURE:

There are a total of four core courses (DSC) in economics that students are required to take across first two years. All the core courses are compulsory. In addition to core courses in economics, a student of BA Economics will choose four Discipline Specific Elective (DSE) Courses of which two will be from Economics and two from the second subject of study. The Discipline Specific Elective (DSE) Courses are offered in the third year and the two DSE courses in Economics will be selected by a student from a set of courses specified. It is recommended that each college should offer at least three Discipline Specific Elective (DSE) Courses in the third year to allow the students some minimal element of choice. SEC courses are offered in the second and third years of study and three such courses have to be selected. The student of BA in Economics will select any two Generic Elective Courses (GEC) form Unrelated Discipline(s)/Subject(s) other than Economics and also other than the second subject of study. Generic Elective Courses (GEC) are interdisciplinary in nature and as such have to be selected from subjects other than both first (i.e. Economics) and the second subject of study. Due care has to be taken to select those GECs that complement the Core courses of study (both Economics & the second subject of study). Students from other Discipline(s)/Subject(s) who opt for GEC in Economics, of the two Generic Elective Courses, GEC I is offered without any internal choice and for the GEC II students may choose any one out of three courses offered. The students must be provided adequate guidance/counselling while selecting the two GEC.

TYPES OF COURSES OFFERED BY DEPARTMENT OF ECONOMICS FOR BA ECONOMICS (PASS COURSE)

YearDiscipline Specific Core (DSC) Courses (Compulsory)Discipline Specific Electives (DSE) (Choose any 2)Skill Enhancement Courses (SEC) (Choose any 2)Generic Elective Courses (GEC)* (Choose any 2) INTER-DISCIPLINARYCreditsCumulative Credits
Ist YearCore Economics I: Principles of Microeconomics–644 Credits* Language Core 12 DSC 1 & 2 Sub 24 AECC 08 Cumulative Credits 44
Core Economics II: Principles of Microeconomics–6
IInd YearCore Economics III: Principles of Macroeconomics–ISEC– I
(one of the following):
SEC 1: Statistical Methods – I SEC 2: Economics of Rural Development
644 Credits* Language Core 24 DSC 1 & 2 Sub 48 AECC 08 SEC 1 & 2 Sub. 08 Cumulative Credits 88
Core Economics IV: Principles of Macroeconomics–ISEC – II
(one of the following):
SEC 3: Statistical Methods – II SEC 4: Demography
6
IIIrd YearDSE – I
(one of the following):
DSE 1: Indian Economy
DSE 2: Economic History of India 1857 – 1947
DSE 3: Economy of Himachal Pradesh
DSE 4: Basic Econometrics
SEC – III
(one of the following):
SEC 5: Research Methodology SEC 6: Public Finance
GEC – I
GEC 1: Economy of Himachal Pradesh
6+444 Credits* Language Core 24 DSC 1 & 2 Sub. 48 AECC 08 SEC 1 & 2 Sub. 16 DSE 1 & 2 Sub. 24 GE 12 Cumulative Credits 132
DSE – II
(one of the following):
DSE 5: Development Economics
DSE 6: International Economics
DSE 7: Mathematical Economics
DSE 8: Economic Systems
SEC – IV
(one of the following):
SEC 7: Money and Banking SEC 8: Project Work
GEC – II
(one of the following): GEC 2: Indian Economy GEC 3: Environmental Economics
GEC 4: Development Economics
6+4

Learning Outcome-based Approach

The B.A. (Pass Course) Economics programme provides a firm basis for much of the advanced thinking in the Economics discipline. It provides the student with a logical paradigm for modelling and interpreting the behaviour and interactions of households, firms, and government institutions. The programme is consistent with global standards in the Economics discipline. It offers training that is comparable to that of an undergraduate student at the world’s best universities. The curriculum allows students to choose elective courses from a set of courses with contemporary relevance, thereby offering students the flexibility to prepare for careers in academia, law, management, journalism, government, and many other fields.

Graduate Attributes

Upon completion of this programme, a student will have the necessary skills to understand and analyse in a logical manner all major economic phenomena. A student will be able to analyse government policies and regulations, and demonstrate their significance. Knowing how an economy functions, and how decisions are made by consumers, producers, and regulators, the student will have the necessary skills to identify, analyse, and solve problems in a logical and efficient way. The programme provides the basic ingredients of economic theory and the opportunity to learn how to process and analyse economic data based on sound statistical principles, in order to arrive at economically meaningful conclusions.

Programme Objectives The programme aims to:

1. Train students in basic economic theory;

2. Equip students with the mathematical and statistical techniques necessary for a proper understanding of the discipline;

3. Discuss real world economic issues and problems facing the country and the world;

4. Enable students to understand proper policy responses to economic problems;

5. Train students to collect primary data and learn sampling techniques;

6. Train students to use statistical and econometric methods to arrive at conclusions about the validity of economic theories;

7. Train students to learn the art of economic modelling.

Programme Learning Outcomes Students will:

1. Get an understanding of basic economic theory;

2. Learn the mathematical and statistical techniques necessary for a proper understanding of the discipline;

3. Get an introduction to real world economic issues and problems facing the country and the world;

4. Gain an understanding of proper policy responses to economic problems;

5. Get trained to collect primary data and learn sampling techniques;

6. Learn to use scientific empirical methods to arrive at conclusions about the validity of economic theories;

7. Get trained in the art of economic modelling.

8. Students will understand and demonstrate core micro-economic terms, concepts, and theories.

9. Students will be able to differentiate between positive and normative statements.

10. Students will be able to analyze data to solve complex economic problems.

11. Students will understand general economic concepts (supply & demand, comparative advantage, opportunity cost, etc

12. Students will be able to explain how fiscal and monetary policies can be used to promote equity.

13. Students will be able to identify key macroeconomics indicators, and measures of economic change, growth, and development

14. Students will be able to identify and explain the key concepts underlying comparative advantage and market failure.

15. Students will be able to demonstrate an ability to conceptualize problems analytically.

16. Students will be able to identify appropriate tools to make an economic evaluation.

17. Students will be able to assess an economic situation in which they find themselves from an ethics perspective, using appropriate analytical tools to arrive at ethically defendable choices.

M.A. ECONOMICS (COURSES)

First semester

Course-I Microeconomics

Course-II International Economics

Course-III Elementary Mathematical Economics

Second semester

Course-IV Macro Economics

Course-V Money and Banking

Course-VI Basic Statistics

Third semester

Course-VII Economics of Development and Planning

Course-VIII History of Economic Thought

Course-IX Any one from the following optional courses

  1. Agricultural Economics
  2. Regional Economics
  3. Economics of Population
  4. Basic Econometrics

Fourth semester

Course-X Indian Economy

Course-XI Public Finance

Course-XII Any one from the following optional courses

  1. Labour Economics
  2. Industrial Economics
  3. Environmental Economic