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B.A. ECONOMICS
(ENGLISH MEDIUM)
PROGRAMME/COURSE FRAME
- Choice Based Credit System (CBCS) Programme from 2015- UG DEPARTMENT OF ECONOMICS
- 1 I TAM/FRE/HIN Sem Part Course No Course Title Hours Credits Marks
- 1 II ENG 1201 Conversational Skills
- 1 III C ECO 1531 Micro Economics I
- 1 III C ECO 1433 Economic Statistics I
- 1 III C ECO 1435 History of Economic Thought
- 1 LS I ECO 1237 Decision Making and Goal Setting
- 1 E ECO 1239 Population Dynamics
- 1 S MAT Mathematics for Economics
- 2 I TAM/FRE/HIN
- 2 II ENG 1202 Reading & Writing Skills
- 2 III C ECO 1532 Micro Economics II
- 2 III C ECO 1434 Economic Statistics II
- 2 III C ECO 1436 Tamil Nadu Economy
- 2 LS II ECO 1238 Skills for Work Effectiveness
- 2 E ECO 1240 Health Economics
- 2 S MAT Fundamentals of Computer Application
- 2 Part V XXX 0000 Extension Activity PED/NSS/NCC/SLP)
- 3 I TAM/FRE/HIN
- 3 II ENG 2201 Study Skills
- 3 III C ECO 2531 Macro Economics I
- 3 III C ECO 2533 Public Finance
- 3 III C ECO 2535 International Trade
- 3 III C ECO 2437 Mathematical Economics I
- 3 S ECO 2539 Entrepreneurial Development
- 4 I TAM/FRE/HIN
- 4 II ENG 2202 Career Skills
- 4 III C ECO 2532 Macro Economics II
- 4 III C ECO 2534 Monetary Economics
- 4 III C ECO 2536 Trade Documentation
- 4 III C ECO 2438 Mathematical Economics II
- 4 S ECO 2540 Industrial Strategies
- 4 Part V XXX 0000 Extension Activity PED/NSS/NCC/SLP)
- 5 III C ECO 3631 Indian Economics I
- 5 III C ECO 3633 Development Economics and Planning
- 5 III C ECO 3635 Environmental Economics
- 5 III C ECO 3537 Econometrics I
- 5 LS ECO 3239 Economic Journalism
- 5 VAL VAL Value Education
- 6 III C ECO 3632 Indian Economics II
- 6 III C ECO 3634 Financial Market and Services
- 6 III C ECO 3636 Labour Economics
- 6 III C ECO 3538 Econometrics II
- 6 LS ECO 3240 Personal Empowerment
- 6 EVS ECO 3200 Environmental Studies
- TOTAL
- Grand Total 180 158+
9. Citizenry Attributes : Be responsible citizens with democratic bent of mind,
probity in public life, moral uprightness, and commitment for social uplift of
the marginalised, the poor, the destitute, and the needy.
10. Civic Responsibility : Capacity to respect human values, to exhibit religious
tolerance, and to practise politics of difference and dissent.
BA ECONOMICS
The under-graduate degree programme in Economics provides students the space, time, opportunity and freedom to generate new ideas thereby inculcating the flair for initiative and creativity. Economics is the interface between the physical and social science. It integrates various disciplines to give bird’s eye view on various dimensions of theory and life. Students will be able to appreciate the inter-relationship among various disciplines and strive to reduce the gap between academics, home and society. The under-graduate degree programme in Economics includes core theory courses, a series of quantitative courses and skill based courses. The course is designed in such a way that the quest for knowledge becomes a way of life and a life-long process.
Programme Specific Outcomes (PSOs) for BA Economics
On completion of the programme, undergraduates will be able to:
- Identify core economic principles to understand the issues on economy, society and politics.
- Develop the ability to explain the key economic terms, concepts and theories.
- Present view points and alternative hypothesis on economic issues.
- Express the ideas of economic theory quantitatively through statistical and econometric tools.
- Compare and contrast the ideas and concepts across the disciplines.
- Create inquisitiveness to gain more understanding of economic principles by pursuing higher studies and lay foundation for research aptitude.
- Analyse the regional, national and global issues from economic perspective.
- Prepare for competitive examination with confidence to pursue the goals of their choice.
- Develop a sense of love, respect and patriotism towards the fellowmen and to the nation.
- Build a sense of civic responsibility and also a law abiding citizen.
MAPPING OF PROGRAMME SPECIFIC OUTCOME WITH
PROGRAMME OUTCOME
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ECO 1531 MICRO ECONOMICS I 5 Hrs / 5 Cr
This course enables the students to understand the principles of economics and to obtain economic reasoning. The course is about micro decision making in households and firms. At the end of course, students will be able to i. Understand distinct dimensions of economics as a discipline in terms of broad concepts, divisions and approaches. ii. Analyze the role play of an individual and their maximization principles. iii. Identify the means and ways of utilizing the factors of production with different analytical categories. iv. Evaluate the working of economic laws in terms of returns, proportion, scale and equilibrium. v. Assess cost and revenue behavior of firm under different market conditions.
Unit I: Introduction Definitions of Economics - Fundamental Questions - Production Possibility Frontier - Economic Systems – Divisions of Economics: Micro and Macro - Sub-Divisions – Production, Consumption, Exchange, Distribution, Approaches: Positive Vs. Normative, Pure Vs. Applied, Static Vs. Dynamic Vs. Comparative Static, Deductive Vs. Inductive.
Unit II: Consumer Behaviour Consumer Vs. Producer, Nature of a Consumer, Cardinal Vs Ordinal Utility - Marginal Utility Analysis; Law of Diminishing Marginal Utility - Principle of Equi-Marginal Utility - Consumer's Equilibrium – Indifference Curve (IC) Analysis: Properties of IC – Consumer Equilibrium - Consumer's Surplus - Law of Demand - Exceptions to Law of Demand - Determinants of Demand - Elasticity of Demand: Concepts and Types - Measurement – Determinants of Elasticity
Unit III: Production Behaviour Factors of Production: Land, Labour, Capital and Organization - Characteristics of Factors of Production - Production Function Analysis: Isoquants - Iso-Cost Line – Producer’s Equilibrium - Expansion Path.
Bloom’s Taxonomy
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(Creating) CO 1^2 CO 2 4 CO 3 3 CO 4 5 CO 5 6
Mean: 4
ECO 1433 ECONOMIC STATISTICS I 4 Hrs / 4 Cr
This course enables the students to learn statistical techniques and to develop the skill of statistical treatment to economic analysis. The course pertains to collection, presentation and analysis of data At the end of the course, students will be able to i. Understand fundamentals of statistics and types of data ii. Acquaint skills of drawing samples from known and unknown population iii. Classify sample data into tabulation iv. Analyze characteristics of sample distribution (level, spread and shape) v. Compute inequality measures of Lorenz ratio and Gini coefficient Unit I: Introduction Definition, Scope, characteristics functions of statistics, importance of statistics in the various disciplines - limitation of statistics. Statistical survey – Stages in collecting statistical survey - data collection-primary and secondary methods - sampling methods merits and demerits - various types of sampling. Unit II: Presentation of Data Classification, meaning, different types of classification - construction of a frequency, distribution table cumulative frequencies – tabulation - meaning, parts - types - uses and limitations. Diagrammatic presentation: bar diagrams - pie diagram - pictograms. Graphical Presentation: histogram - frequency polygon - frequency curves - Ogives and their uses. Unit III: Measures of Central Tendency and Dispersion Averages: definition - types: arithmetic mean - median - mode - geometric mean - harmonic mean - weighted average - merits and demerits - essential characteristics of a good average - use of the averages. Quartiles, Deciles and Percentiles - Dispersion – meaning – methods, Range - quartile deviation - mean deviation - standard deviation - Lorenz curve - practical utility. Unit IV: Skewness Skewness: Meaning - absolute and relative measures of skewness - Karl Pearson Bowley and Kelly’s - diagram showing skewness - uses. Unit V: Kurtosis Kurtosis: Meaning – Types – methods of measuring Kurtosis.
ECO 1435 HISTORY OF ECONOMIC THOUGHT 4 Hrs / 4 Cr
By tracing the history of economic thought, the student will understand how contemporary economics came to be and learn economic ideas for analytical skill development
At the end of the course, students will be able to i. Trace the historical roots of economic thought ii. Evaluate the ideas of economic thought iii. Evaluate modern economic ideas in light of classical views iv. Highlight distinguish ideas of Indian thought v. Comprehend economic ideas
Unit I: Introduction Economic Thought – meaning – History of Economic Thought vs. Economic History – Factors influencing Economic Thought – Importance. Unit II: Ancient and Classical Economic Thought Greek, Roman – Physiocracy – Mercantilism – Development of Classical Economics – Main ideas of Adam smith, Malthus, Ricardo, J. B. Say. Unit III: Neo – Classical and Keynesian Economic Thought Economic ideas of neo-classical Economist – Alfred Marshall, Hicks, Pigou – Keynesian Economics – Post-Keynesian Economic ideas. Unit IV: Indian Economic Thought Indian Economic Thought: Economic ideas of Gokhale, Mahatma Gandhi and Nehru. Unit V: Contribution of Nobel Laureates in Economics Ragner Frisch, Nash,,.CWJ.Granger, Amritya Sen.
TEXT BOOKS
- Loganathan, A., (2012), A History of Economic Thought , S. Chand and Company, New Delhi.
- Bhatia, H. L (1978), History of Economic Thought , Vikas Publishers, New Delhi
REFERENCES
- Steven, (2006), Fifty Major Economists , Pressman Routledge
- Seshadri G.B., (1997), Economic Doctrines , B.R. Publishing Corporation, New Delhi
- Ajit Kumar Dasgupta (1993), A History of Indian Economic Thought , Routledge
- Blackhouse, R.,(1985), A History of Modern Economic Analysis , Basil Blackwell, Oxford
- Ganguli, B.N., (1977), Indian Economic Thought: A 19th Century Perspective , Tata McGraw Hill, New Delhi.
Mean: 3.
Bloom’s Taxonomy
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(Creating) CO 1 1 CO 2 3 CO 3 4 CO 4^6 CO 5^5
References
- Richard Koch, (2007), Living in the 80 / 20 Way , Nicholas Brealey Publishing, London.
- lrainanbu, V, (2007), Steps to Super Student , New Century Book House, Chennai.
- Jeanne Sharbuno, (2006), Fifty Two Ways to Live Success , Jaico Publishing House, Mumbai.
- Mridula Agarwal, (2005), The Ten rules of Success , Rupa and Company, New Delhi.
Mean: 4
Bloom’s Taxonomy
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(Creating) CO 1 2 CO 2 4 CO 3^3 CO 4 5 CO 5 6
ECO 1239 POPULATION DYNAMICS 3 Hrs /2 Cr
This course is to make possible for the students to understand the basic concepts of demography and to familiarize with the theories, issues and policy measures. The topics examined include population structure of mortality, migration and the inter-relationship between population growth and socio-economic development At the end of the course, students will be able to i. Familiarize the vital indicators of population and fertility status ii. Analyze the causes and remedial measures of mortality trends iii. Understand the process of demographic transition in relation to theories and beliefs iv. Assess the effects of population on migration and urbanization v. Evaluate the effectiveness of population policies in India
Unit I: Concepts and Components Meaning of demography – birth rate, death rate, sex ratio, density, vital events, vital statistics, and fertility – factors affecting fertility, reason for fertility variation.
Unit II: Theories of Population Views of religion on population; Hinduism, Christianity Islam and Jainism – Malthusian theory of population, Optimum theory of population, biological theory, Theory of Demographic Transition.
Unit III: Mortality and Infanticides Mortality – reasons - factors affecting mortality, infanticide – causes and remedial measures.
Unit IV : Population Issues Migration – Urbanization – reasons and effects.
Unit V: Population Policies Population policy of India.
ECO 1532 MICRO ECONOMICS II 5 Hrs/5Cr This course is to familiarize the learner with the market morphology. The course deals with competition, monopoly and other market forms for products and factors.
At the end of the course, students will be able to i. Demonstrate the market structure and price-output determination overtime. ii. Assess the monopoly behavior in term of price-output determination and discrimination. iii. Identify the working of imperfect market behavior in terms of duopoly and oligopoly. iv. Evaluate the factor markets and their pricing. v. Predict the liquidity behavior of money and its risk with uncertainty. Unit I: Market Structure and Perfect Competition Classification of Market Forms – Features - Functions of Markets - Market Equilibrium - Perfect Competition – Definition, Features – Price-Output Determination, Short Run and Long Run Analysis – Concept of Time Element.
Unit II: Monopoly Monopoly: Definition - Features - Price-Output Determination – Types – Causes – Merits and Evils – Control Measures Price Discrimination : Meaning - Types – Degrees, Dumping : Definition - Motives of Dumping.
Unit III: Monopolistic Competition and Oligopoly Monopolistic Competition : Definition – Features - Price-Output Determination – Group Equilibrium. Duopoly : Features – Types Oligopoly : Concept - Characteristics of Oligopoly
Unit IV: Theories of Distribution I Factor Pricing Vs. Product Pricing: - Rent : Concept – Types - Ricardian Theory of Rent - Modern Theory of Rent – Concept of Quasi Rent Wages : Concept – Types - Determination of Real Wages, Theories: Wage Fund Theory, Marginal Productivity Theory and Modern Theory,
Unit V: Theories of Distribution II Interest Concept and Theories: Marginal Productivity Theory- Loanable Funds Theory - Liquidity Preference Theory. Profit : Concept and Theories: Surplus Theory - Innovation Theory - Risk and Uncertainty – Dynamic Theory.
Text Books
- Jhingan, M. L., (2013), Modern Micro Economics , Vrinda Publications, New Delhi.
- Ahuja, H.L., (2012), Principles of Micro Economics , S. Chand and Company, New Delhi. References 1 John Solomon, (2007), Economics , Prentice Hall, New Delhi. 2 Campbell Mc Connell, (2006), Economics: Principles, Problems and Policies , Mc Graw Hill, New Delhi.
- Case, and Fair, (2007), Principles of Economics , Prentice Hall, New Delhi.
- Samuelson and Nordhaus, (1998), Economics , Tata Mc Graw Hill, New Delhi.
- Mc Connell, C.R and Gupta H.C., (1987), Introduction to Micro Economics , Tata Mc Graw Hill, New Delhi.
Mean: 4
Bloom’s Taxonomy
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(Creating) CO 1^2 CO 2 4 CO 3 3 CO 4 6 CO 5 5
