BA Economics (Hons)
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B.A. (Hons.) Economics (3 Years) Programme Objectives (PO) The objective of the programme are: PO1: To impart basic understanding of Economics, Sociology and Political science with a balanced and harmonized approach. PO2: To develop the capacity to comprehend, analyse and evaluate issues pertaining to national and global economic issues and assess the impact on micro and macro environment. PO3: To enable in visualizing pertinent issues on socio-economic and socio political dimensions. PO4: To develop an understanding of Statistical and Econometric tools and their application in applied research. PO5: To provide an in-depth competency in the core elective discipline of welfare, environmental and societal aspects. PO6: To encourage moral and ethical reasoning in making various decision related to economy and nation development. Program Learning Outcomes The expected outcomes after completing the program would be: PLO1: Economic Knowledge: Understand economic concepts and policies related to real world problems. PLO2: Problem analysis: Develop critical analysis with regard to socio-economic and socio- political issues and provide solutions to specific problems. PLO3: Development of solutions: Develop an understanding and ability to interpret the behaviour of consumers, household, firms and government institutions. PLO4: Conduct investigation of complex problems: Develop the capacity to carry out independent and original academic research in the field of Economics and demonstrate and defend their work. PLO5: Modern tool usage: Apply relevant technical, econometric and statistical tools for critical thinking, data analysis and report generation. PLO6: Welfare and Societal development : Analyse the impact of economic policies and make recommendations based on welfare and societal considerations. PLO7: Environmental and sustainability: Understand the impact of economic activities and government policies in the context of environment protection and sustainable development. PLO8: Communication: Communicate effectively on economic policies and issues and comprehend various reports and make effective presentations. PLO9: Ethics: Develop a strong value system and recognize different ethical code of conduct while taking decisions. PLO10: Critical thinking: Take informed actionsbased on economic theories and make objective analysis and evaluation in order to form a logical judgement. PLO 11: Effective Citizenship: Inculcate empathetic social concern, humanitarian and harmonized approach and contribute to equity centred national development. PLO12: Lifelong Learning: Recognize the need for implementation of the learning of various micro and macroeconomic theories and interdisciplinary approaches in the decision making. Program Specific Outcomes (PSO) PSO1. Understand the behaviour of Indian and World economy. PSO2. Analyse macroeconomic policies including fiscal and monetary policies of India. PSO3. Determine economic variables including inflation, unemployment, poverty, GDP, Balance of payment using statistical methods. BA(Hons.) Economics with Political Science I Year: I Semester S. Subject No. Code Subject L T P CIE ESE Total C CORE Introduction to 1 BEM1001 3 1 - 40 60 100 4 Microeconomics Introduction to 2 BEM1002 3 1 - 40 60 100 4 Macroeconomics 3 BEM1004 Mathematics for Economics 3 1 - 40 60 100 4 GE 4 BHU1017 Political Theory-I 3 1 - 40 60 100 4 5 BHU1018 Indian Constitution-I 3 1 - 40 60 100 4 6 BHU1505 Seminar-I Political Science - - 2 100 - 100 1 AECC 7 BHU1001 Functional English 3 0 - 40 60 100 3 8 BHU1501 English Language Lab - - 2 80 20 100 1 SEC 9 BCS1002 Computers Foundation Course 3 0 - 40 60 100 3 10 BCS1503 Computer Foundation Lab - - 2 80 20 100 1 Total 21 5 6 540 460 1000 29 Library/Computer Center Games/Clubs BA(Hons.) Economics with Political Science I Year: II Semester S. Subject Subject L T P CIE ESE Total No. Code C CORE 1 BEM2002 Intermediate Microeconomics 3 1 - 40 60 100 4 2 BEM2003 Intermediate Macroeconomics 3 1 - 40 60 100 4 3 BEM2004 History of Economic Thought 3 1 - 40 60 100 4 Field Visit & Report 4 BEM2501 (Economics) - - 2 100 - 100 1 GE 5 BHU2017 Political Theory-II 3 1 - 40 60 100 4 6 BHU2018 Indian Constitution-II 3 1 - 40 60 100 4 7 BHU2504 Field Visit and Report - - 4 100 - 100 2 AECC 8 BES2001 Environmental Studies 2 0 - 20 30 50 2 9 BHU2001 Advanced Functional English 3 - - 40 60 100 3 SEC Total 20 5 6 460 390 850 28 Library/Computer Center Games/Clubs BA(Hons.) Economics with Political Science II Year: III Semester S. Subject Subject L T P CIE ESE Total No. Code C CORE Introduction to Business 1 BST3001 3 1 - 40 60 100 4 Statistics 2 BEM3003 Public Economics 3 1 - 40 60 100 4 3 BEM3004 Agricultural Economics 3 1 - 40 60 100 4 A Study of National Direct Employment Scheme as an 4 BEM3501 - - 2 100 - 100 1 Instrument of Economic Development 5 BEM3502 Seminar in Economics - - 2 100 - 100 1 GE 6 BHU3031 Western Political Thought 3 1 - 40 60 100 4 7 BHU3032 Indian Political Thought 3 1 - 40 60 100 4 8 BHU3507 Project Report - - 4 100 - 100 2 AECC SES 9 BMG3503 Introduction to SPSS - - 4 80 20 100 2 Economics of Rural 10 BEM3005 3 1 0 40 60 100 4 Development Total 18 6 12 620 380 1000 30 Library/Computer Center Games/Clubs BA(Hons.) Economics with Political Science Year: IV Semester S. Subject Subject L T P CIE ESE Total No. Code C CORE 1 BHU4024 Demography 3 1 - 40 60 100 4 2 BEM4004 Industrial Economics 3 1 - 40 60 100 4 3 BEM4003 Econometrics 3 1 - 40 60 100 4 An Evaluation of the Impact 4 BEM4501 of Inflation on the Indian - - 2 100 - 100 1 Economy An Evaluation of Domestic 5 BEM4502 - - 2 100 - 100 1 Debt Management in India Banking and Financial 6 BCM4006 3 1 - 40 60 100 4 Markets 7 BMG4007 Introduction to Marketing 3 0 - 40 60 100 3 GE AECC SEC 8 BSS4501 Soft Skill - - 2 100 - 100 1 9 BMG4006 E-Commerce 3 1 - 40 60 100 4 Aptitude & Reasoning and 10 BAP4501 - - 2 100 - 100 1 Online Test Total 18 5 8 640 360 1000 27 Library/Computer Center Games/Clubs BA(Hons.) Economics with Political Science Year: V Semester S. Subject Subject L T P CIE ESE Total No. Code C CORE 1 BEM5001 Development Economics 3 1 - 40 60 100 4 Economic Legislations in 2 BEM5006 India 3 1 - 40 60 100 4 3 BEM5004 Financial Economics 3 1 - 40 60 100 4 Human Resource 4 BMG5014 3 0 - 40 60 100 3 Management 5 --- Specialization Paper-I 3 1 - 40 60 100 4 Seminar on Indian Economic 6 BEM5501 - - 2 100 - 100 1 Policy GE AECC SEC Marketing Communications 7 BMG5015 3 0 0 40 60 100 3 and Advertisement 8 BSS5501 Soft Skill - - 2 100 - 100 1 Aptitude & Reasoning and 9 BAP5501 Online Test - - 2 100 - 100 1 Total 18 4 6 540 360 900 25 Library/Computer Center Games/Clubs BA(Hons.) Economics with Political Science III Year: VI Semester S. Subject Subject L T P CIE ESE Total No. Code C CORE Indian Economic Development 1 BEM6002 3 1 - 40 60 100 4 Since Independence 2 BEM6004 Political Economy 3 1 - 40 60 100 4 3 BEM6504 Term Paper - - 2 100 - 100 1 4 BEM6502 Comprehensive Viva - - - 100 - 100 1 5 --- Specialization Paper-I 3 1 - 40 60 100 4 6 --- Specialization Paper-II 3 1 - 40 60 100 4 GE AECC SEC 7 BEM6005 Economics of Entrepreneurship 3 0 0 40 60 100 3 Total 15 4 2 400 300 700 21 Library/Computer Center Games/Clubs BA(Hons.) Economics with Political Science Electives Three Specializations will be given and students have to choose one specialization. The details are as under: I. International Economics & Emerging Trends II. Policy III. Welfare Economics & Emerging Issues The following subjects will be taught in 5th and 6th Semester: S. No. Subject Code Subject Semester Specialization: International Economics & Emerging Trends World Economic History since Industrial 1 BEM5001-IE V Semester Revolution 2 BEM6001-IE International Economics VI Semester 3 BEM6002-IE Environmental Economics VI Semester Specialization: Policy 1 BEM5001-PO Health Economics V Semester 2 BEM6001-PO Energy Economics VI Semester 3 BEM6002-PO Economics of Labour Market VI Semester Specialization: Welfare Economics & Emerging Issues 1 BEM5001-WE Welfare Economics V Semester 2 BEM6001-WE Poverty, Inequality and Policy VI Semester 3 BEM6002-WE Economics of Social Sector VI Semester B.A. (HONS) ECONOMICS SYLLABUS Introduction to Microeconomics BEM1001 L T P C 3 1 0 4 (40 Hours) Course Learning Objectives: 1. To understand the scope and basic concepts of economics 2. To understand the concept of supply and demand . 3. To understand the concept of firm and analyze the various forms of market structure. 4. To understand and analyze the input markets. Course Learning Outcomes : 1. Understand the scope and concepts of economics. Analyze the importance and limitations of economics 2. Understand the concepts of supply and demand. Understand the concept of elasticity and Apply its various methods for calculating elasticity of demand and supply 3. Understand the concept of firm ,Analyze the various forms of market structure. 4. Understand and Analyze the theories of labour, rent ,interest and profit . Unit I Exploring the subject matter of Economics (6 Hours) Scope and Concepts of economics; scarcity and choice; Importance and Limitations of Economics; the basic competitive model; prices economic systems, Concepts of Output and Distribution. Unit II Supply and Demand: How Markets Work, Markets and Welfare (12 Hours) Individual demand and supply schedules and the derivation of market demand and supply; shifts in demand and supply curves; the role prices in resource allocation; the concept of elasticity and its application; consumer and producer surplus. The consumption decision: preferences and their representation with indifference curves; budget constraints; a consumer’s optimum choice; income and substitution effects.