Programme Outcome
The first degree programme in Economics gives a better understanding of the basic concepts of Economics, enables to analyse economic behaviour in practice, prepares the student for scientific research in Economics gives the ability to analyse historical and current events from an economic perspective and gives an economic way of thinking. Gives the ability to express an economic point of view. Students get exposed to alternative approaches to economic problems through exposure to project work in allied fields and thus they can identify the various economic problems. An application of theories into practice helps study the behaviour of individuals, businesses, and industries in market-based systems and the challenges of developing economies
Course Outcome
| Sem. | Course Code | Title of The Course | Course Outcome |
| 111I | EC1141 | Methodology and Perspectives of Social Sciences |
Gives an understanding of what Social Science is and what are its various disciplines and how they are merged as a discipline over the years..Gain an understanding of the nature, scope and subject matter of Economics as a discipline. Helps understand the main contributions between major schools of thought. It provides a peripheral knowledge of what research is ,its importance and types and steps involved in it. |
| EC1131 | Foundations of Economic Theory | Provide a basic understanding on the various concepts of Economics and Develop knowledge on the different market structures in an economy | |
| EC1241 | Micro Economics I | Understand the importance of economic concepts , Identify determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output. Summarize the concept of diminishing marginal utility and utility maximization. Calculation and identification of determinants of of supply and demand elasticities and demonstrate the relationship between elasticity and total revenue. Describe the production function and the Law of Diminishing Marginal Productivity; calculate and graph short-run and long-run costs of production. | |
| EC1131 | Money And Banking | Develop a clear understanding on the nature and functions of money. Acquires Knowledge on the different banking System in India and their functions. | |
| EC 1321 | Informatics | Explains the fundamentals of computer hardware and software. Apply knowledge and skills in creation and manipulation of data, data analysis. Apply knowledge and skills on presentation techniques. Awareness about cyber crimes and cyber laws. Develop insights on proper usage of computers and cyber ethics | |
| EC1341 | Micro Economics II | Students understand about the various forms of market structures, their features and price and output determination in all market structures , Understand distribution of factors of production and their prices determination , Students are able to understand about the economic decision making under risk and uncertainty situations and about the preferences towards risks. Students are able to learn how to optimise the economic variables given the constraints through Linear Programming | |
| EC1331 | Public Finance And Trade | It inculcates the students about the significance of public finance in the context of increasing role of Government. The students will understand the basic theoretical framework of budgetary mechanism in India, State activities and various aspects of International Trade. | |
| EC 1441 | Basic Tools for Economics I | To understand the economic concepts with simple mathematical tools which further helps in solving economic problems |
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| EC1442 | Macro Economics I | Explain various macro economic variables and explain why it is important. | |
| The learners will be able to understand the basic national economic concepts and their relationships. A clear understanding of the various economic systems and its principles and different approaches will enable the learner to gain a solid foundation on macroeconomics. Compare and contrast the complexities of classical and Keynesian approach | |||
| EC1431 |
Indian Economy Since Independence | Gives a basic understanding of the Indian Economy. It familiarises the students about the various concepts of National Income, methods and difficulties in its measurement. It creates awareness about the significance of agriculture, industry and service sector in the economy. | |
| V | EC1541 | Money and Modern Banking | Knowledge about the evolution and role of money in the economy. An insight into the innovative role of banks in the changing economic set up. Identify the functions of commercial bank and RBI. Have an idea about basic banking operations and terminology. Have an idea about basic banking operations and terminology. Acquainted with banking sector reforms in India. |
| EC1542 | Macro Economics II | Utilize a simple contemporary economic model such as the aggregate supply/aggregate demand model and describe the interrelationships among prices, income and interest rates as they affect consumption, saving and investment. Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank. Identify the phases of the business cycle and the problems caused by cyclical fluctuations. Construct aggregate demand and supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions | |
| EC 1543 | Economics of Growth and Development | Understanding of the difference between growth and development. Analyse the various schools of thought and its contribution in the development of various economies. Give an idea on the development issues faced by developed and developing countries .Identify models which are suitable for the Indian economy |
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| EC1544 | Indian Economy | Explain the trend, pattern and features of demography of Indian economy. Know the development process in India since independence and understands the problems and measures in their contextual perspectives. It identifies the issues and performance of Indian Agriculture, industry and service sector. | |
| EC 1545 | Public Economics | Helps to create an understanding on the Scope and the central themes of Public Economics. Gains Knowledge about the Budgeting Procedure in India , Gets an understanding about the different taxes and tax system in India . Acquire the ability to analyse and understand the key issues in the field of Public economics using standard micro economic tools. | |
| EC 1551 | Human Resource Management (Open Course) |
Understand the significance of Human Resource in constituting economic growth. Acquire the basic principles of strategic human resource management and the various aspects of Human Resource Planning. |
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| EC1641 | Kerala Economy | Creates an awareness of the various aspects of Kerala economy-like demographics, sector wise contribution, and contribution to GSDP etc. Understands the Kerala model of development and emerging issues in Kerala economy is also looked into. Industrial visit gives a practical insight into the working of industries in Kerala. | |
| EC1642 | Financial Economics | Have a holistic understanding of the structure and components of the financial system in a country. The various capita and money market instruments and institution oare known in detail. The practical side of financial investment and the method of technical and fundamental analysis is also understood. | |
| EC 1643 | Basic Tools for Economics-II | Familiarize students with statistical tools and techniques. Apply statistical tools in economics and in their project work. Identify the association between variables, Learn predictive analysis while studying regression and the impact of independent variable on the dependent variables, Understand the concept of partial and multiple correlations. Measure changes that occur in prices, production, cost of living etc Studies the basic concepts of probability theory and also give an understanding about discrete and continuous distribution |
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| EC1644 | International Economics | Gains knowledge on various theories on International trade. Identify balance of payments components, equilibrium and disequilibrium concepts. Learn international liquidity management, exchange rate concepts foreign exchange risks, hedging and speculation, Develop knowledge and skill on commercial policies, regionalism, free trade and different economic integration worldwide. | |
| EC1661.1 | Agricultural Economics | Create an understanding regarding the basic principles and concepts of Agriculture. Acquire knowledge about the role of agriculture and rural areas in the economy. Gives an understanding about the role of producer, institutions, services and development problems of agriculture. Acquire the ability to recognise ,identify and solve problems in areas of agricultural economics | |
| EC 1645 | Project/Dissertation | Application of economic tools in a field study based research work. | |
Programme Outcome
The first degree program in Economics contains a core group of theory courses, a series of quantitative skills courses, and specialization courses that involve the applications of economic theory and quantitative analysis to major areas of study within the discipline. Students who graduate from this programme will be able to apply economic theory to issues in fields of economics, explain basic estimators and their properties, estimate economic models using data, test hypotheses, forecast, and interpret estimates.
| Sem. | Course Code | Title of The Course | Course Outcome |
| I | EC1141 | INTRODUCTORY MICROECONOMICS | Develops a conceptual foundation and analytical methods used in Microeconomics |
| II | EC1241 | INTERMEDIATE MICROECONOMICS | The student gets a basic understanding of Microeconomics |
| III | EC1321 | INFORMATICS FOR APPLIED ECONOMETRICS. | It familiarizes the student with the online resources and thus helps to improve their teaching-learning experience, enhance their career and academics by utilising the web resources. They are exposed to the econometric concepts and techniques, which enables them to conduct and criticise empirical studies in economics and related fields. Familiarises them the estimation and diagnostic testing of simple regression models using computer software. |
| EC1341 | INTRODUCTORY MACROECONOMICS | Students are introduced to Macroeconomics and further introducing the multiplier and the Keynesian theory of income determination, they get awareness on IS- LM analysis | |
| IV | EC1441 | MATHEMATICAL METHODS FOR ECONOMICS | It provide the students an insight into the importance of mathematical methods in Economics and also familiarize them with the basic mathematical techniques used in economic analysis |
| EC1442 | INTERMEDIATE MACROECONOMICS | Students are introduced to the microfoundations of macroeconomics, inflation and unemployment, economic growth and fiscal and monetary policies in an open economy | |
| V | EC1541 | METHODOLOGY AND PERSPECTIVES OF SOCIAL SCIENCE | Familiarize the students with the broad contours of Social Sciences, specifically Economics and its methodologies, tools and analysis procedures. It helps create an enthusiasm among students, incorporating various concepts and issues in economics. |
| EC1542 | STATISTICAL METHODS FOR ECONOMICS | The course is intended to familiarize the students with statistical tools and techniques and enable them to apply these tools in Economics. | |
| EC1543 | READINGS IN POLITICAL ECONOMY | Student is introduced to different perspectives of political economy : the perspectives of Adam Smith , John Maynard Keynes |
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| EC1544 | ECONOMIC GROWTH AND DEVELOPMENT | Students understands the basic concepts of Economic Growth and Development and thereby enable them to acquire multi dimensional aspects of developmental issues Gains knowledge about theoretical framework of Growth and Development under different Schools of economic thought. An Awareness about the Political institutions, the role of the state in Economic Development and problems that affect state Governance is also acquired | |
| EC1545 | INTERNATIONAL ECONOMICS | Gains an awareness on the basic concepts and theories of international trade and they get an understanding of the emerging trends, issues and policies in the field of international economic system. | |
| Open Course EC1551.3 | INDIAN ECONOMY SINCE LIBERALISATION | Students from other disciplines obtain an awareness about features of Indian economy ,performance of various sectors , international trade and about economic reforms since 1991 this will be benefit students preparing for competitive exams. | |
| VI | EC1641 | INDIAN ECONOMY | Student gets an understanding about growth process in Indian economy, sectoral aspects of the economy by focusing agriculture, industry and service sectors, relations of India with external sector and economic reforms |
| EC1642 | BANKING AND FINANCE | Familiarize the students with the basic concepts in Banking and Finance and develop a comprehensive knowledge on the role of banks in the operation of an economy. Gain knowledge on the operation of the Indian Financial System and activities in the financial markets. | |
| EC1643 | PUBLIC ECONOMICS | Students are introduced to the subject matter and scope of public economics, role of government, types of market failures and the concept of public good; They gain an understanding on the basic fiscal policy instruments. Generates awareness on public economics in India, with special focus on budgetary system and fiscal federalism. This connects students to the basic concepts, components and processes of public economics .Students develop the skills essential for understanding and analysing the fiscal policy instruments and budgetary process in India. They also develop an interest in unravelling the fiscal issues of India. The basic orientation help mould public policy makers and analysts of the future. |
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| EC1644 | ENVIRONMENTAL ECONOMICS AND DISASTER MANAGEMENT | Students get an awareness about the basic concepts and the the environmental policy tools for analysis purpose. They get awareness on the global environmental issues and also on the prevailing methods of disaster management in India | |
| EC1655.13 | INTRODUCTORY ECONOMETRICS | This introduces students to simple and multiple regression methods for analyzing data in economics and related disciplines. They learn how to conduct and to critique empirical studies in economics and related fields. | |
| EC 1645 | PROJECT | This equips the student to identify an issue or topic and by conducting a study in a systematic and scientific way they get the opportunity to apply various tools they have learned and present the report in a structured manner | |
| Complementary I | EC 1131 | FOUNDATIONS OF ECONOMIC THEORY | Knowledge on the basic understanding of economic concepts and theories. |
| Complementary III | EC.1231 | MONEY AND BANKING | Understands the nature and significance of money and banking in the functioning of an economy. |
| Complementary V | EC. 1331 | INTRODUCTION TO INTERNATIONAL TRADE AND PUBLIC ECONOMICS | students know about the significance of public finance in the context of increasing role of Government.They acquire a knowhow on the basic theoretical framework of budgetary mechanism in India, State activities and various aspects of International Trade. |
| Complementary VII | EC.1431 | INDIAN ECONOMY SINCE INDEPENDENCE | Understanding of the Indian economy and familiarises about the various concepts of National Income and also gets an awareness about the significance of agriculture, industry and service sector in the Economy |