- Identify the role of supply and
- Identify the necessary conditions for market economies to functions
- Discuss the advantages of market system and
- Understanding of the role of government policy and Federal Reserve for the
- Using of algebraic and statistical method to analyze economic
- Using different growth models for the economic development and growth of a
- Identify the benefits and cost of International Relations to trade with other
- Identify the importance of taxes for a development of a
- Internalize the cost and benefit of economic activity for the
- Understanding the importance of money and banking system for a
- Importance of different of govt. policies started for the benefit of citizen in
COURSE OUTCOME
Introductory Microeconomics
Upon successful completion of the course a student will be able to
- Understand how households (demand) and businesses (supply) interact in various market structures to determine price and quantity of a good
- Understand the linkages between economic models of demand and household
- Understand the concept of demand, the downward slope of demand, what are the reasons of its
- Understand the concept of supply, the upward slope of supply, what are the reasons of its shifting.
- Understand the linkages between the economic models of supply and production
- Understand the importance of marginal cost and marginal revenue for a firm
- Understand the different types of market, and how its affect price and output in the
- Understand the different characteristics of market and its implications for the firm
Introductory Macroeconomics
Upon successful completion of the course a student will be able to
- Understand the factors determining the gross domestic
- Understand how the aggregate demand for goods and services depends on household, business, government and global
- Understand how the aggregate supply and aggregate demand interact to drive a free market economy.
- Understand the importance of market economy, including govt.
- Understand the concept of national income.
- Understand the concept of closed and open economy of an
- Understand the importance of business
- How fiscal and monetary policy control inflation and recession in an
- How domestic economy interacts with the rest of the
Intermediate Microeconomics
Upon successful completion of the course a student will be able to
- How to make decisions by using marginal analysis and opportunity
- How to use supply and demand for determining changes in market
- Understand the meaning of perfect competition in the market, and help us to understand how equilibrium price and output is attained in this type of
- How to reach equilibrium prices and output in imperfect competition (e.g. monopoly, monopolistic competition, and oligopoly).
- It will help us to understand the concept of market failure, how to use supply and demand concept to eliminate this types of market
- How to use comparative static analysis, producer and consumer welfare, govt. intervention by using price ceiling and price
- Understand the importance and consequences of general equilibrium and welfare economics (Pareto Optimality).
Intermediate Macroeconomics
Upon successful completion of the course a student will be able to
- Understand the importance of using consumption function and investment function to achieve long term
- Understand the importance of classical economist on the nature and causes of the wealth of nations.
- Help us to understand the difference of classical and Keynesian approaches in the context of macroeconomics.
- Importance of how goods market (IS curve) and money market (LM curve) equilibrium can be
- Importance of effective demand to determine equilibrium in an
- Understand the importance of international trade, international finance, and exchange rate for an
- Understand the concept of multiplier, how different types of multiplier affect investment, employment, foreign
- Effectiveness of monetary and fiscal policies to affect gross domestic
Mathematical Economics
Upon successful completion of the course a student will be able to
- Understand the connections between diagrammatic models and their mathematical structures using calculus and
- Understand how to use game theories to solve
- Develop numerical examples to explain variety of theoretical
- How to use maxima and minima concept to solve problems like cost minimization, output maximization, and profit maximization for a
Statistical Methods
Upon successful completion of the course a student will be able to
- How to use different types data to make problems
- Help us to understand the features of describe distribution
- Help us to find single, complementary events, union and collections of
- How to calculate mean and variance of random
- Help us to understand the cases where we can use Binomial, Poisson and Normal distribution.
- Help us to understand the importance of standard deviation, correlation and regression in real world.
- Help us to understand how to use point and interval
Development Economics
Upon successful completion of the course a student will be able to
- Identify and analyze the key economic development theories affecting a number of development issues such as trade, economic growth
- Understand the importance of sustainable development for a
- Critically examine the linkages between various development theories and its
- Review the policy implications of different economic development
- Critically understand how the economic development theories affect the macro development policies in a
- Determine and apply specialist knowledge and technical skills required to solve problems
- Understand how the different growth theories help to maximize the growth rate of a country in the global
- How the factors like poverty, capital formation, population growth, agriculture affects the development of a
International Economics
Upon successful completion of the course a student will be able to
- Understand the various reasons for why a country is engaged in international
- How to use models of trade to demonstrate the gains from exchange due to trade with foreign nations.
- Understand how the international factor mobility affects an
- Understand how tariffs and import quotas affect the international trade of a country
- Understand the key role of different international institutions to conduct trade across the world.
- Understanding the different methods and concepts used by a country to keep track of international
- Understand the role of exchange rate, and how they are determined under short run and long run.
- Understand how the various policies may affect the exchange rate and welfare of a
- Understanding how different exchange rate regime works such as gold standard, fixed and floating exchange rate
- Understand the working of different international institutions with regard to rate of exchange and the flow of international
Money and Banking
Upon successful completion of the course a student will be able to
- Understand the importance of financial sector to use the scarce resource effectively and efficiently.
- Understand the various determinants of exchange rate.
- Understand the concept of term structure of interest
- Understand how the interest rate affected by changes in monetary
- How interest rates affected by
- Understand the various concept of yield of
- Understand the various ways to hedge risk.
- Understand how the fiscal and monetary policy affects the financial system of a
- Understand the various money market and capital market Understand the components of balance of payments, factors affecting currency exchange rates.
Indian Economy
Upon successful completion of the course a student will be able to
- Understand the nature economic development since
- Understand the issues of land reforms, and their impact on Indian
- Understand the importance of Green Revolution and their impact on the context of Indian
- Understand the major issues in Indian industry and their impact on the development of Indian
- Understand the importance of Monetary and Fiscal policies for structural transformation of the Indian
- Importance of different trade policies, Special economic zone, Foreign investment inflows through FII and
Public Economics
Upon successful completion of the course a student will be able to
- How to apply microeconomic theories to public decision
- Understand the importance of direct and indirect tax system for a
- Understand the concept of public expenditure, and its importance for the
- Understand the importance of public budget for a
Indian Political Economy
Upon successful completion of the course a student will be able to
- It will help us to understand how it is possible to adopt a policy by politicians when majority of voters are against of the
- Understand the historical and logical implications of different property
- Understand the changing role of finance in capital
- Explain financialisation, financial liberalization, financial
- Understand the impact of globalization and its impact on welfare state, development, and state
- Understand the issues in environment and