ECONOMICS BA_ Syllabus .pdf

CURRICULUM FRAMEWORK FOR UNDER GRADUATE PROGRAMME IN ECONOMICS AS PER NATIONAL EDUCATION POLICY (NEP)-2020 RAJIV GANDHI UNIVERSITY - A CENTRAL UNIVERSITY DEPARTMENT OF ECONOMICS RONO HILLS, DOIMUKH ARUNACHAL PRADESH-791 112 WITH EFFEC...

CURRICULUM FRAMEWORK FOR UNDER GRADUATE PROGRAMME IN ECONOMICS AS PER NATIONAL EDUCATION POLICY (NEP)-2020 RAJIV GANDHI UNIVERSITY - A CENTRAL UNIVERSITY DEPARTMENT OF ECONOMICS RONO HILLS, DOIMUKH ARUNACHAL PRADESH-791 112 WITH EFFECT FROM ACADEMIC YEAR: 2023-24  1.1 THE PREAMBLE The Under Graduate Programme in Economics, Rajiv Gandhi University, Rono Hills, is designed as per the NEP-2020 norms. It is aimed at providing an enabling curriculum for the students to grow as competent, self-reflective learners with relevant academic and professional skills in the discipline of Economics. The academic significance of Economics as a subject in social sciences has grown many folds in recent years. Over the years, the study of economics has also diversified and newer areas have been incorporated within its fold. The objective of the Under Graduate programe is to train and enhance the skills of the students in a qualitative direction where they will learn to explore and employ their growing expertise in real-life fields. The One Year Certificate/Two Year Diploma/Three Year Under Graduate Degree/Four Year Under Graduate Degree (Honours without Research)/Four Year Under Graduate Degree (Honours with Research) in Economics is a four-year (eight semesters) programme of credits. It will include major courses, minor courses, multidisciplinary courses, skills enhancement courses, value-added courses and ability enhancement courses with multiple exit points. The programme will adopt a flexible curricular structure to ensure creative combinations of the disciplinary areas. The undergraduate degree programme of 4- year duration has multiple exit points with appropriate certifications such as: a UG certificate after completing 1 year (2 semesters) and additional 4 credits training/internship, a UG diploma after 2 years (4 semesters) of study and additional 4 credits training/internship, a bachelor’s degree after a 3-year (6 semesters) of study, and UG degree with Honours / UG degree with Research and Honours degree after 4 years (8 semesters) of study. The evaluation and examination procedures will be as per the regulations and guidelines imbibed in the Rajiv Gandhi University examination ordinance. 1. PROGRAMMES EDUCATIONAL OBJECTIVES (PEOs) The Under Graduate programme in Economics aims to fulfill the following objectives: PEO1: To develop an in-depth knowledge in different areas of economic theory and methods, both at the micro and at the macro level of enquiry. PEO2: To impart the necessary theoretical and quantitative skills for scientific data collection and analysis. PEO3: To create an enabling eco-system for students to pursue their studies in their areas of interest by offering specialised optional courses. PEO4: To provide opportunities to students to apply the acquired theoretical knowledge of the subject so as to write a dissertation on the basis of field-study and/or by using the secondary data. PEO5: To prepare students to develop critical thinking and to carry out the investigation about the various socio-economic issues objectively while bridging the gap between theory and practice. PEO6: To equip students with the necessary analytical skills to identify problems, formulate hypothesis, evaluate and validate results and draw reasonable conclusions thereof. PEO7: To train the students for career options in research and other areas that provide employment through entrepreneurship and innovative methods. PEO8: To encourage learners to develop the micro and small entrepreneur skills. PEO9: To impart the required training to students to pursue research in Economics for an in-depth analysis of the economic issues based on their deeper understanding of economics as a discipline theory, aimed at encouraging doctoral research. PEO10: Finally, to prepare the students to develop their own original thinking regarding regional, national and international issues and policies in an objective and dispassionate manner. 1.2 PROGRAMME OUTCOMES (POs) PO1: Foundational Knowledge: The graduates will be capable of demonstrating competence in distilling and employing the core ideas of the Social Sciences in multi and interdisciplinary contexts. PO2: Critical Thinking and Problem Solving: The graduates will develop the ability to employ the tools of critical thinking and methods of enquiry in identifying, formulating, analyzing, and evaluating complex problems and issues for arriving at effective solutions from first principles. PO3: Community Engagement & Service: The graduates should be able to demonstrate the capability to participate in community-engaged services/ activities for promoting the well-being of society. PO4: Indian Context and Good Citizenship: The graduates would be capable of taking a critical, informed, and action-oriented approach towards India’s diversity encompassing its social, economic, political, historical, environmental, cultural aspects among others by enhance the capacity to apply knowledge and skills to contribute positively to the creation of just, inclusive, tolerant, and environmentally sustainable communities, and demonstrate, by doing, the importance of participating in the governance structures of one’s profession and society. PO5: Coping with Real Life Situations: The graduates should be able to demonstrate the capability to solve different kinds of problems in familiar and non-familiar contexts and apply the learning to real- life situations. PO6: Creativity: The graduates should be able to demonstrate the ability to create, perform, or think in  different and diverse ways about the same objects or scenarios; deal with problems and situations that do not have simple solutions; innovate and perform tasks in a better manner; view a problem or a situation from multiple perspectives; think ‘out of the box’ and generate solutions to complex problems in unfamiliar contexts; adopt innovative, imaginative, lateral thinking, interpersonal skills and emotional intelligence. PO7: Communication Skills: The graduates should be able to demonstrate the skills that enable them to listen carefully, read texts and research papers analytically and present complex information in a clear and concise manner to different groups/audiences; express thoughts and ideas effectively in writing and orally and communicate with others using appropriate media, confidently share views and express herself/himself, construct logical arguments using correct technical language related to a field of learning, work/vocation, or an area of professional practice, and convey ideas, thoughts, and arguments using language that is respectful and sensitive to gender and other minority groups. PO8: Analytical Reasoning and Thinking: The graduates should be able to demonstrate the capability to evaluate the reliability and relevance of evidence; identify logical flaws in the arguments of others; analyze and synthesize data from a variety of sources; draw valid conclusions and support them with evidence and examples, and address opposing viewpoints. PO9: Research Related Skills: The graduates should be able to demonstrate a keen sense of observation, inquiry, and capability for asking relevant/ appropriate questions, the ability to problematize, synthesize, and articulate issues and design research proposals, the ability to define problems, formulate appropriate and relevant research questions, formulate hypotheses, test hypotheses using quantitative and qualitative data, establish hypotheses, make inferences based on the analysis and interpretation of data, and predict cause-and-effect relationships, the capacity to develop appropriate methodology and tools for data collection, the appropriate use of statistical and other analytical tools and techniques, the ability to plan, execute and report the results of an experiment or investigation, the ability to acquire the understanding of basic research ethics and skills in practicing/doing ethics in the field/ in personal research work, regardless of the funding authority or field of study. PO10: Leadership Qualities: The graduates should be able to demonstrate the capability for mapping out the tasks of a team or an organization and setting direction; formulating an inspiring vision and building a team that can help achieve the vision, motivating and inspiring team members to engage with that vision; using management skills to guide people to the right destination. 1.3 PROGRAMME SPECIFIC OUTCOMES (PSOs): The learners who complete four years would earn an Under Graduate Honours/Honours with Research Degree in ECONOMICS. The learning outcomes that a student should be able to demonstrate on completion of a degree level programme may involve academic, behavioural and social competencies as described below. PSO1: The learners will have adequate competency in the frontier areas of economic theory and methods. PSO2: They will be able to execute in-depth analysis of economic issues based on their understanding of economic theory. PSO3: Some of the courses will enable them to enhance their entrepreneurial capacity and skills. PSO4: The learners will also acquire additional specialization through optional courses. 1.5 Certification Criteria (Multiple Exit Options) UG Certificate (Programme Code: ECO-1001)-Students exiting the programme after securing 40 credits will be awarded UG Certificate in the relevant discipline/subject provided they secure 4 credits in work based vocational courses offered during the summer term or internship/apprenticeship in addition to 6 credits from skill-based courses earned during the first and second semester. UG Diploma (Programme Code: ECO -2001)-Students exiting the programme after securing 80 credits will be awarded UG Diploma in the relevant discipline/subject. Out of 80 credits, students will have to secure 4 credits in skill-based vocational courses offered during the first year or second year summer term. Three-Year UG Degree (Programme Code: ECO -3001)-Students who wish to undergo a three year UG programme will be awarded UG Degree in the Major discipline after successful completion of three years, securing 120 credits. Four-Year UG Degree (Honours) (Programme Code: ECO -4001)- A four-year UG Honours Degree in the major discipline will be awarded to those who complete a four-year degree programme with 160 credits. Four-Year UG Degree (Honours with Research) (Programme Code: ECO -5001)- A four-year UG Degree in Honours with Research will be awarded to those students who complete a four-year degree programme with 160 credits, including 12 credits from a research project/dissertation in the major discipline. 1.6 Other Key Criteria for UG Programme  Ø Selection of Minor Course: Students of Economics (major) would opt for minor courses from the minor courses offered by other departments. Minor courses of Economics will be offered to Non- Economics (Honours) Students. Ø Selection of Multidisciplinary Course: Students in Economics major would have to select a multidisciplinary course from the basket of multi-disciplinary courses provided in the common structure (student will select that subject which he/ she have not studied earlier or have not taken as major or minor course). However, students of Economics major (or minor) would not be allowed to select multidisciplinary courses offered by the Department of Economics. Ø Selection of Compulsory Value-Added Course: Students in Economics major would have to select a compulsory value-added course from the basket of value-based courses provided in the common structure. Ø Research at UG Programme: Students who secure 75% marks and above in the first six semesters can undertake research at the undergraduate level/in the fourth year, as per NEP-2020. Ø For Honours students not undertaking Dissertation in VIII semester: Students in Economics not undertaking research project/dissertation work will have to do 3 courses of 12 credits in lieu of research project/dissertation. Ø Exit and Re-entry: Exit and re-entry option in the degree programme in Economics will be allowed at 2nd (first year) and 4th semester (second year) to those students who have awarded UG Certificate and UG Diploma, respectively. However, these students will be allowed to re-enter the degree programme within 3 years after their exit and will have to complete the degree programme within the stipulated maximum period of seven years. 1.7. Structure of the Four Year Undergraduate Programme in Economics *1 Credit for Lecture = 15 hours in a Semester **1 Credit for Tutorial = 15 hours in a Semester ***1 Credit for Practicum = 30 hours in a Semester  CREDIT SYSTEM FOR UG PROGRAMME IN ECONOMICS (as per NEP-2020) NCRF Major Minor (Only for students Multidisciplinary Ability Skill Enhancement Course Value- added Total Credit other than Economics Course Enhancement (SEC) Courses (VAC) Credit Level Major) (MDC-Only for Compulsory per students’ other Course (AECC) sem than Economics Major and Minor) Sem Course Code and Credit Course Code and Credit Course Credit Course Credit Course Code and Credit Course Credit Name Name Code and Code Name Code and Name and Name Name 4.5 I ECO-001-CC- 4 ECO-001-MC- 4 ECO- 3 *AECC- 4 ECO-001-SE- 3 XXX- 2 20 1110 - 1110- Elementary 001-MD- 1 0010- VA- 0010 Microeconomics-I Microeconomics 1110- Entrepreneurship Economic Development Theory 1 II ECO-001-CC- 4 ECO-001-MC- 4 ECO- 3 *AECC- 4 ECO-001-SE- 3 XXX- 2 20 1210 - 1210- 001-MD- 2 0020- VA- 0020 Macroeconomics-1 Macroeconomics- 1210- Introduction to I Economic Data Analysis Theory 2 Total Credit (First Year) 8 8 6 8 6 4 40 Exit option with Undergraduate Certificate in Economics on completion of courses equal to a minimum of 40 credits+ #Summer Internship (ECO-1001) 5.0 III ECO-001-CC- 4 ECO-001-MC- 4 ECO- 3 ECO-001-SE- 3 XXX- 2 20 2110 – 2110- Money and 001-MD- 0030- Tourism VA- Microeconomics-Ii Banking 2110- Economics 0030/ ECO-001-CC- 4 Basic MOOC 2120 - Features Mathematical of Indian Economics-I Economy IV ECO-001-CC- 4 ECO-001-MC- 4 20 2210 – Money and 2210- Elementary Banking Economic ECO-001-CC- 4 Development 2220 – International Economics- I 4 ECO-001-CC- 2230 – Growth and Development Economics 4 ECO-001-CC- 2240 – Statistical Method-I Total Credit (Second Year) 24 8 3 3 2 40 Exit option with Undergraduate Diploma in ECONOMICS on completion of courses equal to a minimum of 80 credits +4 Credit Skill Based Course during 1/2 Year Summer Terms (ECO-2001) 5.5 V ECO-001-CC- 4 ECO-001-MC- 4 ECO-001- 2 20 3110 – 3110- Public 3110- Mathematical Finance Internship Economics-II ECO-001-CC- 4 3120 – Public Economics-I ECO-001-CC- 4 3130 – Introduction to Environmental Economics ECO-001-CC- 2 3140 - History of Economic Thought VI ECO-001-CC- 4 ECO-001-MC- 4 20 3210 – 3210- Issues in International Indian Economy Trade-II ECO-001-CC- 4 3220 – Development Economics ECO-001-CC- 4 3230 – Environmental Economics ECO-001-CC- 4 3240 - Indian Economy Total Credit (Third Year) 30 8 2 40 Exit option with Three Years Bachelor’s Degree in ECONOMICS on completion of courses equal to a minimum of 120 credits (ECO-3001) 6.0 VII ECO-001-CC- 4 ECO-001-MC- 4 20 4110 – 4110-Research Microeconomics- Methodology/ III MOOC ECO-001-CC- 4 4120 – Macroeconomics-II ECO-001-CC- 4 4130 – Public Economics -II  ECO-001-CC- 4 4140 – Statistical Method - II VIII ECO-001-CC- 4 ECO-001-MC- 4 20 4210 – 4210-Research Econometric- I and Publication ECO-001-DE- 42 4 Ethics/ MOOC XX0– Department Elective 1 ECO-001-DE- 42 4 XX0– Department Elective 2 ECO-001-DE- 42 4 XX0– Department Elective 3 Total Credit (Fourth Year) 32 8 40 Award of Four-Year Bachelor’s Degree (Honours) in ECONOMICS on completion of courses equal to a minimum of 160 Credits (ECO-4001) 6.0 VIII ECO-001-CC- 4 ECO-001-MC- 4 20 4210 – 4210-Research Econometric- I and Publication ECO-001-RP- 12 Ethics/ MOOC 0010- Research Project Total Credit (Fourth Year) 32 8 40 Award of Four-Year Bachelor’s Degree (Honours with Research) in ECONOMICS on completion of courses equal to a minimum of 160 Credits including Research project having 12 credit (ECO-5001) *Students can opt from the bouquet of courses offered by the University/Departments from time to time. #Summer Internship: 8 Weeks Summer Internship should be completed by students who opt for UG Certificate programme. Abbreviations: VAC- Value Added Course; MDC-Multi-Disciplinary Course; AECC-Ability Enhancement Compulsory Course; SEC- Skill Enhancement Course; MOOC’s- Massive Open Online Courses. Programme Code and Subject Code Schema: ABC-DDD-CT-YSPR ABC Discipline Code (viz. CSE: Computer Science and Engineering, SOW: Social Work etc.) DDD DDD-The unique number for each programme like B.A.-001, B.Sc.-002 etc. 001=Programme Code for B.A. CT Course Type (Viz. CC: Core Course, DE: Department Elective, RC: Research Course, CW: Coursework) YSPR Year-Semester-Paper Serial-Sequence of Revision (currently zero)  First Semester Course Course Name Credit Contact Maximum Marks Code L T P Total Hours Internal End Total Semester ECO-001- Microeconomics-I 4 0 0 4 60 20 80 100 CC-1110 XXX-001- AEC-1 - - - 4 60 20 80 100 AE- XXXX ECO-001- Entrepreneurship 3 0 0 3 45 20 80 100 SE- 0010 Development XXX-001- Minor- 1 -- - - 4 60 20 80 100 MC- 1110 XXX-001- VAC- 1 - - - 2 30 20 80 100 VA- 0010 XXX-001- MDC-1 - - - 3 45 20 80 100 MD- 1110 Second Semester Course Code Course Name Credit Contact Maximum Marks L T P Total Hours Internal End Total Semester ECO-001- Macroeconomics-1 4 0 0 4 60 20 80 100 CC-1210 XXX-001- AEC-2 - - - 4 60 20 80 100 AE-XXXX ECO-001- Introduction to Data 3 0 0 3 45 20 80 100 SE-0020 Analysis XXX-001- Minor-2 -- - - 4 60 20 80 100 MC-1210 XXX-001- VAC- 2 - - - 2 30 20 80 100 VA-0020 XXX-001- MDC-2 - - - 3 45 20 80 100 MD-1210  Third Semester Course Code Course Name Credit Contact Maximum Marks L T P Total Hours Internal End Total Semester ECO-001-CC- Microeconomics-Ii 4 0 0 4 60 20 80 100 2110 ECO-001-CC- Mathematical 4 0 0 4 60 20 80 100 2120 Economics-I ECO-001-SE- Tourism 4 0 0 3 45 20 80 100 0030 Economics XXX-001-MC- Minor- 3 - - - 4 60 20 80 100 0010 XXX-001-VA- VAC-3 - - - 2 30 20 80 100 0020 XXX-001-MD- MDC-3 - - - 3 45 20 80 100 2110 Fourth Semester Course Code Course Name Credit Contact Maximum Marks L T P Total Hours Internal End Total Semester ECO-001- Money and 4 0 0 4 60 20 80 100 CC-2210 Banking ECO-001- International 4 0 0 4 60 20 80 100 CC-2220 Economics- I ECO-001- Growth and 4 0 0 4 60 20 80 100 CC-2230 Development Economics ECO-001- Statistical 4 0 0 4 60 20 80 100 CC-2240 Method -I XXX-001- Minor-4 - - - 4 60 20 80 100 MC-2210 Fifth Semester Course Code Course Name Credit Contact Maximum Marks L T P Total Hours Internal End Total Semester ECO-001- Mathematical 4 0 0 4 60 20 80 100 CC-3110 Economics-II ECO-001- Public 4 0 0 4 60 20 80 100 CC-3120 Economics-I ECO-001- Introduction to 4 0 0 4 60 20 80 100 CC-3130 Environmental Economics ECO-001- History of 2 0 0 2 30 20 80 100 CC-3140 Economic Thought XXX-001- Minor- 5 - - - 4 60 20 80 100 MC-3110 ECO-001- Internship - - - 2 20 80 100 IN-0010  Sixth Semester Course Code Course Name Credit Contact Maximum Marks L T P Total Hours Internal End Total Semester ECO-001- International 4 0 0 4 60 20 80 100 CC-3210 Trade-II ECO-001- Development 4 0 0 4 60 20 80 100 CC-3220 Economics ECO-001- Environmental 4 0 0 4 60 20 80 100 CC-3230 Economics ECO-001- Indian Economy 4 0 0 4 60 20 80 100 CC-3240 XXX-001- Minor- 6 - - - 4 60 20 80 100 MC-3110 Seventh Semester Course Code Course Name Credit Contact Maximum Marks L T P Total Hours Internal End Total Semester ECO-001- Microeconomics- 4 0 0 4 60 20 80 100 CC-4110 III ECO-001- Macroeconomics- 4 0 0 4 60 20 80 100 CC-4120 II ECO-001- Public Economics 4 0 0 4 60 20 80 100 CC-4130 -II ECO-001- Statistical Method 4 0 0 4 60 20 80 100 CC-4140 - II ECO-001- Research 4 0 0 4 60 20 80 100 MC-4110 Methodology  Eighth Semester Course Code Course Name Credit Contact Maximum Marks L T P Total Hours Internal End Total Semester ECO-CC- Econometric- 4 0 0 4 60 20 80 100 4210 I There are three groups of Departmental elective (DE) paper courses. In each group there are three papers. Students will have to opt one DE from each group given below. They may also choose one MOOC paper from the SWAYAM website of credit 4 instead of one Department Elective (only one MOOC Course is allowed). However, they have to inform the the Department about it in the begging of the semester. DE I ECO- Growth 4 0 0 4 60 20 80 100 DE- Economics 42010 ECO- Infrastructure 4 0 0 4 60 20 80 100 DE- Economics 42020 ECO- Indian 4 0 0 4 60 20 80 100 DE- Economic 42030 Thought DE II ECO- Financial 4 0 0 4 60 20 80 100 DE- Economics 42040 ECO- Institutional 4 0 0 4 60 20 80 100 DE- Economics 42050 ECO- Behavioural 4 0 0 4 60 20 80 100 DE- Economics 42060 DEIII ECO- Population 4 0 0 4 60 20 80 100 DE- Economics 42070 ECO- Gender and 4 0 0 4 60 20 80 100 DE- Development 42080 Economics ECO- Game Theory 4 0 0 4 60 20 80 100 DE- 42090 ECO-001-MC- Research and 4 0 0 4 60 20 80 100 4210- Publication Ethics/ MOOC  Minor Courses (MC) offered by Department of Economics: Seme Course Course Name Credit Conta Maximum Marks ster Code L T P Total ct Inter End Total Hours nal Sem Exam I ECO-001- Elementary 4 0 0 4 60 20 80 100 MC-1110 Microeconomics II ECO-001- Macroeconomics-I 4 0 0 4 60 20 80 100 MC-1210 III ECO-001- Money and 4 0 0 4 60 20 80 100 MC-2110 Banking IV ECO-001- Elementary 4 0 0 4 60 20 80 100 MC-2210 Economic Development V ECO-001- Public Finance 4 0 0 4 60 20 80 100 MC-3110 VI ECO-001- Issues in Indian 4 0 0 4 60 20 80 100 MC-3210 Economy VII ECO-001- Research 4 0 0 4 60 20 80 100 MC-4110 Methodology VIII ECO-001- Research and 4 0 0 4 60 20 80 100 MC-4210 Publication Ethics Skill Enhancement Course (SE): Semester Course Course Name Credit Class Maximum Marks Code L T P Total Hours Internal End Sem Total Exam I ECO- Entrepreneurship 3 0 0 3 45 20 80 100 001-SE- Development 0010 II ECO- Introduction to 3 0 0 3 45 20 80 100 001-SE- Data Analysis 0020 III ECO- Tourism 3 0 0 3 45 20 80 100 001-SE- Economics 0030 Value Added Course (VAC): Semester Course Course Name Credit Contact Maximum Marks Code L T P Total Hours Internal End Sem Total Exam I ECO- Computer 2 0 0 2 30 20 80 100 001-VA- Application 0010 II ECO- Ecotourism 2 0 0 2 30 20 80 100 001-VA- 0020 III ECO- Indian 2 0 0 2 30 20 80 100 001-VA- Economic 0030 History Multi-Disciplinary Course (MDC): Sem Course Course Name Credit Contact Maximum Marks Code L T P Total Hours Internal End Sem Total Exam I ECO-001- Economic 3 0 0 3 45 20 80 100 MD-0010 Theory 1 II ECO-001- Economic 3 0 0 3 45 20 80 100 MD-0020 Theory 2 III ECO-001- Basic Features of 3 0 0 3 45 20 80 100 MD-0030 Indian Economy SEMESTER I  ECO-001-CC-1110: Microeconomics-I Total Credit: 4 (4L) Minimum Contact Hours: 60 Internal Assessment: 20 Marks End Semester Exam: 80 Marks Full Marks: 100 Learning Objective: This course has been designed to impart knowledge of the basic concepts and theories of microeconomics to the learners. Course Outcomes: CO 1. The learners will learn about the problems of choice, concept of opportunity cost and the economic problems of the developing countries. CO 2. The learners will also know about the concept of utility, demand and supply analysis. CO 3. They will acquire knowledge about the various theories of production, concepts of cost and revenue. CO 4. The learners will have a better understanding of the various forms of market in an economy. Module Content Contact Course Hours Outcome Introduction Definition, Nature and Scope of Economics; what is Microeconomics? scarcity and choice; the concept of opportunity cost; the question of what to produce, how to Module I produce and how to distribute output; Types of 10 CO1 Microeconomic Analysis: Positive and Normative, Static, Comparative Statics and Dynamics, Goal of Microeconomic Policy: Efficiency and Equity; Microeconomic Model. Demand and Supply Analysis Concept of Demand and Supply: individual and market Demand &Supply, changes in supply and demand, market Module II equilibrium and the impact of changes in demand and 15 CO2 supply; Elasticity of Demand and Supply- Types, Measurement and Factors affecting elasticity of demand and Supply. Theory of Production and Cost Production Function; Laws of Production – Law of Variable Proportions: Three Stages of the Law of Variable Proportions, Return to a Factor; Law of Returns to Scale; Isoquants; production functions with one and more variable inputs; returns to scale; Law of variable proportion, marginal 20 CO3 Module III rate of technical substitution, iso-cost line and firm ‘s equilibrium, elasticity of substitution; cost minimization; expansion path, short run and long run costs; various cost  curves in the short run and long run and its relation; economies of scale; increasing and decreasing cost industries; envelope curve; economies of scale. Theory of Distribution and factor Pricing Marginal Productivity theory of distribution, Marxian theory of Distribution, Ricardian and modern theory of Rent, wage Module IV determination under collective bargaining, Loanable fund 15 CO4 theory of Interest, Risk bearing theory of profit, Innovation theory of Profit, Dynamic theory of Profit. Mapping of Programme Outcomes (POs)/ Programme Specific Outcomes (PSOs) with Course Outcomes (COs) PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 3 2 1 1 2 2 1 2 1 2 2 3 3 3 CO2 3 2 2 1 2 1 0 1 2 2 2 3 3 2 CO3 3 2 0 1 2 2 2 2 2 2 3 3 3 3 CO4 3 2 1 1 2 2 2 3 2 2 2 3 3 3 Average 3 2 1 1 2 1.75 1.25 2 1.75 2 2.25 3 3 2.75 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; 0: No Correlation Recommended Readings: Domnick Salvatore., Principles of Micro Economics, Oxford, New Delhi. Koutsoyiannis, A., Modern Micro Economics, Macmillan Press, London, 1979 Gregory Mankiw, N., Principles of Macro Economics, CENGAGE Learning, Australia. Maddala G. S. and Ellen Miller., Microeconomics Theory and Application, TATA Mc Graw Hills. Snyder Christopher and Walter Nicholson., Fundamental of Microeconomics, CENGAGE publication, New Delhi Varian, H., Microeconomic Analysis, W.W. Norton, New York, 2000. Baumol, W. J., Economic Theory and Operations Analysis, Prentice Halls of India, New Delhi, 1982. Henderson, J.M. and R.E. Quant, Microeconomic Theory: A Mathematical Approach, McGraw Hill, New Delhi, 1980. Kreps, M.D., A Course in Microeconomic Theory, Prentice Hall of India, New Delhi, 1992. Ray, N.C., An Introduction to Microeconomic Theory. Mishan, E.J., Welfare Economics: An Assessment, North Holland, Amsterdam, 1969. Sen, Anindya, Microeconomics, Theory and Applications, Oxford University Press, 1999. Pindyck, R. S. Rubuinfeld, D.L. & Mehta, P.L. Microeconomics, Pearson Education  ECO-001-MC-1110: Elementary Microeconomics Total Credit: 4 (4L) Minimum Contact Hours: 60 hours Internal Assessment: 20 marks End Semester Exam: 80 marks Full Marks: 100 Learning Objective: This course has been designed to impart the knowledge with regard to the concepts of microeconomics. It will deal with the economic problems, production possibility curve, opportunity cost, demand and supply analysis, production, cost and revenue as well as market structure. Course Outcome: CO 1. The learners will gain knowledge about the different concepts of microeconomics. CO2. The learners will also learn about the concept of utility, elasticity of demand and supply. CO 3. They will also understand about the production function analysis and about firm’s equilibrium. CO 4. The learners will learn about the cost and revenue of a firm and the various forms of market. Content Contact CO Module Hours Introduction 10 CO1 Definitions of economics, nature and scope of economics, micro and macroeconomics, fundamentals economic problems, production Module 1 possibility curve and opportunity cost, economic problems of a developing country: low savings, low level of technology, scarcity of human and physical capital, poverty and inequality. Consumer Behaviour 15 CO2 Concept of utility, marginal and total utility, law of diminishing marginal utility, equi-marginal utility and derivation of demand Module II curve; Marginal rate of substitution; indifference curve and derivation of demand curve; price decomposition of price effect; elasticity of demand: price, income and cross. Production Behaviour and Cost 20 CO3 Supply and elasticity of supply; production function, equilibrium of a firm, total, average and marginal product of inputs, returns to a factor, Marginal rate of technical substitution isoquants and its Module III characteristics, returns to scale. Cost Function: Short and Long-run, relationship between short-run average and marginal cost; Total, average and marginal revenue; relationship between AR and MR. Market Structure 15 CO4 Perfect competition: its features and limitations, equilibrium of a Module IV firm; imperfect competition: Features of monopoly and monopolistic competitions; discriminating monopoly; features of duopoly and oligopoly.  Mapping of POs/ PSOs with COs PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 3 2 1 1 2 2 - 1 - - 1 2 1 2 CO2 2 2 1 - 2 2 - 1 - - 2 2 1 1 CO3 2 1 1 - 1 1 - - - - 2 1 1 1 CO4 3 1 1 1 2 1 - 1 - - 2 2 2 1 Average 2.5 1.5 1 0.5 1.75 1.5 - 0.75 - - 1.75 1.75 1.25 1.25 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; -: No Correlation] Recommended Readings: Case, K. E., Fair, R. C., & Oster, S. E. (2020). Principles of Microeconomics (13th ed.). Pearson Education. Dorman, P. (2014). Microeconomics: A Global Text. Springer. Koutsoyiannis, A. (1979). Modern Microeconomics. Macmillan International Higher Education. Kreps, D. M. (2019). Microeconomics for Managers (2nd ed.). Princeton University Press. Krugman, P., & Wells, R. (2020). Microeconomics (5th ed.). Worth Publishers. Mankiw, N. G. (2020). Principles of Microeconomics (8th ed.). Cengage Learning. Nicholson, W., & Snyder, C. (2016). Microeconomic Theory: Basic Principles and Extensions (12th ed.). Cengage Learning. Perloff, J. M. (2017). Microeconomics: Theory and Applications with Calculus (4th ed.). Pearson Education. Pindyck, R. S., &Rubinfeld, D. L. (2018). Microeconomics (9th ed.). Pearson Education. Varian, H. R. (2014). Intermediate Microeconomics: A Modern Approach (9th ed.). W.W. Norton & Company.  ECO-001-MD- 1110: Economic Theory-I Minimum Contact hours: 45 hours Total Credit: 03 (3L) Internal Assessment: 20 marks End Semester Exam: 80 marks Full Marks: 100 Learning Objective: This course has been designed to impart knowledge with regard to the various concepts of economics such as supply and demand; cost of production and revenue and different market structure. Course Outcome: CO1. The learners will acquire the knowledge about the different concepts of demand and supply. CO2. The learners will acquire the knowledge about the cost of production and revenue. CO3. The learners will have a clear idea different market structure.. Module Content Contact CO Hours Module I Introduction 10 CO1 Definitions of economics, nature and scope of economics, micro and macroeconomics, fundamentals economic problems, production possibility curve and opportunity cost, Factors of Production: Land, labour, capital and organization; Concepts of wage, rent, interest and profit. Module II Demand and Supply 10 CO1 Concept of Utility, marginal and total utility, law of diminishing marginal utility, utility maximization; demand and its determinants, law of demand, elasticity of demand: price, income and cross; law of supply and elasticity of supply. Module III Production Analysis 13 CO2 Cost of Production: Short and Long-run, relationship between short-run average and marginal cost; Total, average and marginal revenue; relationship between AR and MR. Law of variable proportion and returns to scale. Module Market Structure 12 CO3 IV Perfect competition: its features, equilibrium of a firm and market in perfect competition; Features of monopoly and determination of price in a monopoly market, price discrimination (concept only); characteristics of a firm under monopolistic competitions, price determination and advertising cost.  Mapping of POs/ PSOs with COs PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 3 3 2 - 2 2 2 2 2 1 3 3 2 1 CO2 3 2 2 1 2 2 2 2 2 1 3 2 2 1 CO3 2 3 2 1 2 2 2 2 2 1 2 3 2 - Average 2.67 2.67 2 0.67 2.0 2.0 2.0 2.0 2.0 1.0 2.67 2.67 2.0 0.67 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; -: No Correlation Recommended Readings: Koutsoyiannis, A., Modern Micro Economics, ELBS with Macmillan, Hong Kong. Domnick Salvatore., Principles of Micro Economics, Oxford, New Delhi. Salvatore, D. Microeconomics Theory and Applications, Oxford University press, Pindyck, R. S. Rubuinfeld, D.L. & Mehta, P.L. Microeconomics, Pearson Education Sen, Anidhya, Micro-economic Theory, Oxford University Press, Delhi. Ahuja H.L. Principles of Micro economics, S. Chand Limited, Delhi  ECO-001-SE-0010: Entrepreneurship Development Minimum Contact hours: 45 hours Total Credit: 03 (3L) Internal Assessment: 20 marks End Semester Exam: 80 marks Full Marks: 100 Learning Objective: This course has been designed to impart to the learners the knowledge related to the importance of entrepreneurship. Further, it aims to enhance their understanding with regard to entrepreneurial skills and competencies which are necessary for the creation of new ventures. Course Outcome: CO1. The learners will learn about the concepts of entrepreneur and entrepreneurship. CO2. They will also gain knowledge about the procedure for establishing of a new enterprise. CO3. The learners will acquire a better understanding about the different institutional support and services available in India for the entrepreneurs. Module Content Contact CO Hours Module I Entrepreneur and Entrepreneurship 10 CO1 Entrepreneur: Definition, characteristics of entrepreneur, entrepreneur and manager, functions of entrepreneurs and types of entrepreneurs; Entrepreneurship: concept, role of entrepreneurship in economic development, factors affecting entrepreneurial growth, entrepreneurial motivation, entrepreneurial competencies and entrepreneurial mobility. Module II Establishment and Licensing 17 CO2 Project identification and selection; project formulation; project appraisal: concept and method of project appraisal; financing enterprise; ownership structure: types of ownership and selection of an appropriate form of ownership; licensing – meaning and objective; Income tax, and goods and service tax (GST). Module Institutional Support 18 CO3 III Institutional Finance to entrepreneurs- Industrial Finance Corporation of India, Unit trust of India, industrial development banks of India, Small Industries Development Bank of India and MUDRA bank; Institutional support to industries- National Small Industries Corporation Limited, Small Industries Development Corporation, Small Scale Industries Board, State Small Industries Development Corporations, Small Industries Service Institutes, District industrial centres and industrial estate; Made in India and Start-up India.  Mapping of POs/ PSOs with COs PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 2 3 2 3 3 3 3 1 - 2 1 2 3 2 CO2 2 2 2 3 2 2 2 2 - 2 1 2 3 - CO3 - 3 2 3 3 2 2 3 1 3 2 - 3 1 Average 1.67 2.33 2.0 3.0 2.67 2.67 2.33 2.0 0.33 2.33 1.33 1.33 3 1.0 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; -: No Correlation RECOMMENDED READINGS: Janakiram, B. and M. Rizwana (2011): Entrepreneurship Development: Text &cases, Excel Books publication. Janakiram, B., P.V. Raveendra and V.K. Srirama (2010): Role and Challenges of Entrepreneurship Development, Excel Books publication. Khanka, S. S. (2008): Entrepreneurial Development, S. Chand. Kumar, S. A., S. C. Poornima, Mini K. Abraham, K. Jayashree (2003): Entrepreneurship Development, New Age International Publishers. Lakhanpal, Ajay (1990): Entrepreneurial Development: An Institutional Approach, Commonwealth Publishers. Ramachandran, K. (2010): Entrepreneurship Development: Indian Cases on Change Agents, Tata McGraw Hill. Tiwari, Sanjay and Anshuja Tiwari (2007): Entrepreneurship Development in India, Sarup and Sons, New Delhi.  ECO-001-VA-0010: Computer Application Minimum Contact hours: 45 hours Total Credit: 02 (1L:1P) Internal Assessment: 20 marks End Semester Exam: 80 marks Full Marks: 100 Learning Objective: This course has been designed to impart to the learners the basic knowledge of computer application and use of internet. Course Outcome: 1. The learner will acquire knowledge about the features of MS Office and creation of documents. 2. The learners will also learn about the internet, google account, google drive, google, form, google classroom and google meet. Module Content Contact CO Hours Module I MS Office 22 CO1 MS Word-creating a new document, size and style of front, inserting table and diagram, page margin and layout, saving a file in different formats; Excel-data entry, graphs, diagrams, calculating mean, median, mode and standard deviation; PPT-creating a new ppt, inserting table, graph, diagram, date, time, header, footer and page number, designing, inserting hyperlink, audio and video clips. Module Internet and Google Account 23 CO2 II Internet; E-mail; Opening a Google account; Google drive; Google form; Google document; Google classroom; Google meet. Mapping of POs/ PSOs with COs PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 3 2 1 - 2 2 2 2 3 2 1 2 1 2 CO2 2 1 1 - 2 3 2 2 2 2 1 2 1 2 Average 2.5 1.5 1.0 - 2.0 2.5 2.0 2.0 2.5 2.0 1.0 2.0 1.0 2.0 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; -: No Correlation Recommended Readings: Goel, Anita. Computer Fundamentals Publisher. Pearson. 2010 Rajaraman, V. and NiharikaAdabala. Fundamentals of Computers. PHI. 2014 Johnson, Steve, Microsoft Office 2010 on Demand. Pearson. 2011 SEMESTER II  ECO-001-CC-1210: Macroeconomics-I Total Credit: 4 (4L) Minimum Contact Hours: 60 Internal Assessment: 20 Marks End Semester Exam: 80 Marks Full Marks: 100 Learning Objective: This course has been designed to impart knowledge with regard to the various concepts of national income and the theories of macroeconomics to the learners. Course Outcomes: CO 1. The learners will acquire the knowledge about the different concepts of national income and its estimation. CO 2. They will have a clear idea about the working of the Keynesian economics and its difference with the classical economics. CO 3. The learners will be apprised as to how the monetary and the real sectors of the economy reach the equilibrium level simultaneously. CO 4. They will also be able to analyse the theories of investment. Module Content Contact Course Hours Outcome Determination of National Income Different concepts of National Income: GDP, GNP, NDP, Module I NNP, per capita income; Personal income; disposable 10 CO1 personal Income; Measurement of National Income, and its problems; national income and welfare. Classical Economic Theory Classical macro concept and its implications, Say’s law of Module II market; classical production function, determination of wage 15 CO2 rate: nominal and real; price level, Keynesian critique of classical concept of aggregate macroeconomic variable. Keynesian Theory of Income, Employment and demand for money Theory of Effective Demand; Determination of Income and Module III output; Underemployment Equilibrium; consumption and 20 CO3 saving functions, Psychological Law of consumption; Investment Multiplier; Accelerator effect, Liquidity preference theory of demand for money. Keynesian and Classical Synthesis Equilibrium in the Real and Monetary sectors and the Module IV simultaneous equilibrium-IS-LM; Equilibrium Level of 15 CO4  Income and Interest rate, shifts in IS and LM curves; Relative effectiveness of monetary and fiscal policies. Mapping of Programme Outcomes (POs)/ Programme Specific Outcomes (PSOs) with Course Outcomes (COs) PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 3 2 1 1 2 2 1 2 1 2 2 3 3 3 CO2 3 2 2 1 2 1 0 1 2 2 2 3 3 2 CO3 3 2 2 1 2 2 2 2 2 2 3 3 3 3 CO4 3 2 1 1 2 2 2 3 2 2 2 3 3 3 Average 3 2 1.5 1 2 1.75 1.25 2 1.75 2 2.25 3 3 2.75 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; 0: No Correlation Recommended Readings: Ackley, G. Macro Economics: Theory and Policy, Macmillan, 1978. Dornbush, R and S.Fischer- Macro Economics, Mc Graw Hill, New York Gupta, S. B. Monetary Economics, S.Chand & Co. Ltd. Delhi, 1990. Rana and Verma, Macro-Economic Analysis, Vishal Publications, 2000. Dwivedi, D. N. Macroeconomics, Tata McGraw Hill Pvt. Ltd., (Latest edition). Mankiw, N. Gregory, Macro Economics (Fourth Edition), Worth Publishers. Ellor D’Souza, Macroeconomics, Pearson Education, Allen, R. G. D. Macro Economics Theory, St.Martin Press, 1967. Shapiro, Edward Macro Economics Analysis, Galgotia Publication, New Delhi, 1987 Branson, William H. Macro-Economic Theory and Policy, New Delhi Universal BoomStall Sarkel, Jaydev, Macro Economic Theory, Book Syndicate, Kolkata. Mankiw, N. Gregory Macroeconomics, Worth Publications, Macmillan, New York, 2020 (10th edition).  ECO-001-MC-1210: Elementary Macroeconomics Total Credit: 4 (4L) Minimum Contact Hours: 60 Internal Assessment: 20 Marks End Semester Exam: 80 Marks Full Marks: 100 Learning Objective: This course has been designed to impart the knowledge with regard to the concepts of macroeconomics. It will deal with the national income accounting, classical and Keynesian economics, and concepts of consumption and investment. Course Outcome: CO 1. The learners will gain knowledge about the different concepts of national income accounting CO 2. The learners will also learn about the determination of income, employment and output. CO 3. They will also understand about the concepts of consumption and investment. Module Content Contact CO Hours Module 1 National Income Accounting 10 CO1 Nature, scope and limitations of macroeconomics; Concepts of national income: GDP, GNP, NNP, personal income, disposable income and per capita income; Estimation of national income: Final product method, value added method, Income method and expenditure method; problems of estimating national income in developing countries; national income and welfare. Module II Classical and Keynesian Economics 15 CO2 Classical economics: basic assumptions, says law of market, determination of income employment and output in classical economics, classical quantity theory. Keynesian economics: assumptions, effective demand, aggregate demand and aggregate supply; determination of income and output under Keynesian economics. Module III Consumption Function 20 CO3 Meaning of consumption; Average propensity to consume, marginal propensity to consume, Keynes’ psychological law of consumption; factors affecting level of consumption. Module IV Investment Function 15 CO4 Meaning of investment, Keynesian theory of investment; concept of multiplier; accelerator principle. Mapping of POs/ PSOs with COs PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 3 2 1 - 1 1 - 1 - - 2 2 1 1 CO2 2 1 1 1 1 1 - 1 1 - 2 2 1 1 CO3 2 2 2 1 2 1 - - - - 2 2 1 1 CO4 2 2 2 1 2 2 - 1 - - 2 2 2 1 Average 2.25 1.75 1.5 0.75 1.5 1.25 - 0.75 0.25 - 2 2 1.25 1 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; -: No Correlation Recommended Readings: Ackley, G. (1978). Macro Economics: Theory and Policy. Macmillan. Allen, R. G. D. (1967). Macro Economic Theory. St. Martin's Press. Branson, W. H. (Year). Macro-Economic Theory and Policy. Universal Book Stall. Dornbusch, R., & Fischer, S. (Year). Macro Economics. McGraw-Hill. Gupta, S. B. (1990). Monetary Economics. S. Chand & Co. Ltd. Rana, K. C., & Verma, K. N. (2022). Macro Economics. Vishal Publication. Sarkel, J. (2018). Macro Economic Theory. Book Syndicate. Shapiro, E. (1987). Macro Economics Analysis. Galgotia Publications. Vaish, M. C. (Year). Monetary Theory. Vikas Publishing House.  ECO-001-MD- 1210: Economic Theory-II Minimum Contact hours: 45 hours Total Credit: 03 (3L) Internal Assessment: 20 marks End Semester Exam: 80 marks Full Marks: 100 Learning Objective: This course has been designed to impart knowledge with regard to the various concepts of macroeconomics, public finance and international trade Course Outcome: CO1. The learners will acquire the knowledge about the different concepts of national income and its estimation. CO2. The learners will acquire the knowledge about the money and banking. CO3. The learners will have a clear idea about public economics. CO4. They will have a clear idea about basic concepts of international trade. Module Content Contact CO Hours Module I National Income 10 CO1 Nature, scope and limitations of macroeconomics; Concepts of national income: GDP, GNP, NNP, personal income, disposable income and per capita income; Estimation of national income: Final product method, value added method, Income method and expenditure method; problems of estimating national income in developing countries; national income and welfare. Module II Money and Banking 10 CO2 Barter economy and money economy, functions of money. Meaning and functions of Commercial banking, Central bank and its functions. Meaning and types of inflation, causes of inflation: demand pull and cost push; effects of inflation on different sections of the society; techniques of control of inflation. Module III Public Finance 13 CO3 Meaning of fiscal and monetary policy; Government expenditure: revenue expenditure and capital expenditure, Importance of government expenditure;Meaning oftax and non- tax revenue; Direct Tax: Meaning, advantages and disadvantages; Indirect Taxes: Meaning, advantages and disadvantages; Concept of goods and service taxes; Government Budget: Meaning, deficit and surplus budget; fiscal and revenue deficit; government Borrowing (Concept only) Module IV Concepts of International Trade 12 CO4 Concept of absolute cost advantage and comparative cost advantage; terms of trade; concept of balance of trade and balance of payment; meaning of surplus and deficit in balance of payment;  Foreign exchange rate: fixed and flexible exchange rate; Functions of WTO and International Monetary funds. Mapping of POs/ PSOs with COs PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 3 2 2 1 2 3 2 3 2 2 3 3 3 2 CO2 2 3 1 1 1 3 2 3 2 1 2 1 2 1 CO3 2 3 2 3 3 2 2 3 2 2 2 3 2 1 CO4 3 2 2 2 2 1 2 3 2 1 3 2 3 2 Average 2.5 2.5 1.75 1.75 2.0 2.25 2.0 3.0 2.0 1.5 2.5 2.25 2.50 1.5 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; -: No Correlation Recommended Readings: Choudhry, R.K., Public Finance and Fiscal Policy, Kalyani Publishers, New Delhi. Jha, R., Modern Public Economics, Routledge, London, 2009. Mishra, B., Economics of Public Finance, Macmillan India Limited, New Delhi. Gupta, J.R., Public Economics in India, Atlantic Publications, 2007. Rana and Verma, Macroeconomic Analysis, Vishal Publication, 2014 Dwivedi, D. N., Macroeconomics, TataMcGraw Hill Pvt. Ltd., (Latest edition). Mishra and Puri, International Economics, Salvatore, Dominick, International Economics, Weily India New Delhi.  ECO-001-SE-0020: Introduction to Data Analysis Minimum Contact hours: 60 hours Total Credit: 03 (2L:1P) Internal Assessment: 20 marks End Semester Exam: 80 marks Full Marks: 100 Learning Objective: The course introduces the learners to collection, presentation and analysis of data. It also discusses how data can be summarized and analysed for drawing statistical inferences. Course Outcome: CO1. The learners will be introduced to important data sources that are available and will be trained in the use of the statistical software. CO2. The learners would also learn about the types of sampling design and also be able to identify the different sources of data for their research. CO3. The learners will be able to analyse data using excel and statistical software. Module Content Contact CO Hours Module 1 Sources and Collection of Data 15 CO1 Data source – Primary and Secondary, Methods of collection of Primary data, Various types of Secondary data for empirical verification, Sources of Secondary data, Precautions in the use of Secondary data Module 2 Sample Design 15 CO2 Sample Design – Population Census verses sample survey, Principal steps in sample survey, Types of sampling – Simple random, Systematic and Stratified sampling, Implication of Sample Design, Steps and Characteristics of Good Sample Design, Criteria of selecting a sampling procedure; sampling problems: heterogeneity of the universe, Stratification of the universe Module 3 Processing and Analysis of Data using Statistical software 30 CO1 Analysis of Data using Excel and SPSS; Creation of Graphs, Tables, CO3 Bar and Pie Diagram, Arithmetic, Mean, Median and Mode, Standard Deviation, Measures of Dispersion, Simple Regression and Correlation analysis Mapping of POs/ PSOs with COs PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 3 1 1 - 2 2 1 - 3 2 2 2 2 1 CO2 3 1 2 1 - 1 1 2 3 2 2 2 1 1 CO3 2 1 - - 1 2 2 2 3 1 2 2 2 2 Average 2.67 1.0 1.0 0.33 1.0 1.67 1.33 1.33 3 1.67 2.0 2.0 1.67 1.33 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; -: No Correlation Recommended Readings: Outhwaite, William & Stephen P Turner (ed.). The Sage Handbook of Social Science Methodology, London: Sage, 2007. Guthrie, Gerard, Basic Research Methods: An Entry to Social Science Research, London: Sage, 2010 Ghosh, B N. Scientific Methods and Social Science Research, New Delhi, 1987. Johnston, J. Econometric Methods, New Delhi: McGraw – Hill (latest edition). Kumar Ranjit, Research Methodology: A Step-by-Step Guide for Beginners, Delhi: Pearson, 2007 (2nd edition). Krishnaswamy, O.R. Methodology of Research in Social Sciences, Himalaya Publishing House, 1993. Wilkinson and Bhandarkar,Methodology and Techniques of Social Research, Himalaya Publishing House. Kothari R.C.,Research Methodology, Methods and Techniques, New Age International Publishers, IInd revised edition, reprint 2008.  ECO-001-VA-0020: Ecotourism Minimum Contact hours: 30 hours Total Credit: 02 (2L) Internal Assessment: 20 marks End Semester Exam: 80 marks Full Marks: 100 Learning Objective: The present course has been introduced to impart some basic knowledge of ecotourism and its significance for the economy and the environment to the learners, as ecotourism is fast emerging as a major segment of tourism industry. Course Outcomes: CO1. The learners will gain knowledge about the concept of ecotourism and its importance for sustainable development and for enhancing the livelihoods of local communities. CO2. They will know about the ecotourism potentials of India and North East India, challenges of ecotourism in North East India and tourism policy of India. Module Content Contact CO Hours Module 1 Introduction 15 CO1 Definitions of ecotourism, Scope of ecotourism, ecotourism and nature-based tourism, ecotourism products, benefits of ecotourism, challenges in developing ecotourism. Ecotourism and sustainable development, ecotourism and local participation, employment generation, poverty alleviation, reduction in equality, foreign exchange earnings, revenue generation, infrastructure development, ecotourism and education. Module 2 Ecotourism in India and North East India 15 CO2 Ecotourism potentials of India and North East India, Need for ecotourism development in North East India, Challenges of ecotourism in North East India, Measures to promote ecotourism in North East India; Tourism policy of India. Mapping of POs/ PSOs with COs PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 3 2 1 2 2 2 2 1 2 2 2 1 3 2 CO2 2 1 - 3 1 2 - 2 3 2 1 2 3 2 Average 2.5 1.5 0.5 2.5 1.5 1.5 1.0 1.5 2.5 2.0 1.5 1.5 3.0 2.0 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; -: No Correlation Recommended Readings: Buckley, R., Ecotourism: Principles and Practices, Cambridge University Press, Cambridge, UK, 2009. Bhatt, Harish and B.S. Badan, Ecotourism, Crescent Publishing Corporation, New Delhi, 2006. Rai, Suresh C., Ecotourism and Biodiversity Conservation, Nova Science Publishers Inc., New Work., 2012. Mitra, A. et al. (2003): Environment and Nature-Based Tourism – An Endeavour at Sustainability, Kanishka Publishers, New Delhi. Lama, M., Ecotourism in North East India, Anshah Publishing House, New Delhi, 2014. Ryan, Chris, Recreational Tourism-Demand and Impacts, Viva Books Pvt. Ltd., New Delhi, 2006. Sharma, Shaloo, Indian Tourism Today-Policies and Programmes, ABD Publishers, Jaipur, 2019. Girish, Revathy, Ecotourism of India, Dominant Publishers and Distributors, New Delhi, 2016. Singh, Sarvjeet, Ecotourism Development Management, A. K. Publications, New Delhi, 2009. SEMESTER III  ECO-001-CC-2110: Microeconomics-II Total Credit: 4 (4L) Minimum Contact Hours: 60 Internal Assessment: 20 Marks End Semester Exam: 80 Marks Full Marks: 100 Learning Objective: This course has been designed to impart knowledge of the basic concepts and theories of microeconomics to the learners. Course Outcomes: CO 1. The learners will learn about the problems of choice, concept of opportunity cost and the economic problems of developing countries. CO 2. The learners will also know about the concept of utility, demand and supply analysis. CO 3. They will acquire knowledge about the theories of production, concepts of cost and revenue. CO 4. The learners will have a better understanding of the various forms of market in an economy. Module Content Contact Course Hours Outcome Theory of Consumer Behaviour Module I Preference; utility; budget constraint; Cardinal theory & 15 CO1 Ordinal theory: Budget sets and Preferences under different situations; Indifference curves: Marginal Rate of Substitution and convexity of Indifference curve, Consumer’s equilibrium; utility maximization; Engels curve, Derivation of demand curve, Income and substitution effects: Hicks and Slutsky equation; inferior, normal and Giffen goods; Revealed preference theory; strong and weak axiom; consumer surplus. Theory of Producer Behaviour Module II Technological Relationship between input and outputs, 15 CO2 Production with single variable input: total, average and marginal product, Two variable inputs: Production Isoquants and the economic region of production; Marginal Rate of Technical Substitution and Elasticity of Substitution; The expansion path and return to scale; Effects of changes in input prices on output; Concept of production possibility curve. Market Structure-I Module III Market: Meaning, Classification; Perfect Competition- short 10 CO3 run and long run equilibrium, Monopoly- equilibrium and absence of supply curve; price discrimination: first, second and third degree.  Market Structure-II Monopolistic Competition: Assumptions, Product Module IV Differentiation, Advertising (Selling Costs), Concepts of the 20 CO4 ‘Industry’ and the ‘Group’, Price-Output determination, Concept of Excess Capacity, Monopolistic Competition compared with Perfect Competition and Monopoly, Duopoly model; Cournot’s Duopoly Model; Bertrand, Chamberlin and Stackelberg with an introduction to Game Theoretic model, The Kinked-Demand Model, Price Leadership Model, Collusive oligopoly; price and output determination under cartel. Mapping of Programme Outcomes (POs)/ Programme Specific Outcomes (PSOs) with Course Outcomes (COs) PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 3 2 1 1 2 2 1 2 1 2 2 3 3 3 CO2 3 2 2 1 2 1 0 1 2 2 2 3 3 2 CO3 3 2 0 1 2 2 2 2 2 2 3 3 3 3 CO4 3 2 1 1 2 2 2 3 2 2 2 3 3 3 Average 3 2 1 1 2 1.75 1.25 2 1.75 2 2.25 3 3 2.75 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; 0: No Correlation Recommended Readings: Koutsoyiannis, A., Modern Micro Economics, Macmillan Press, London, 1979 Varian, Hal R.: Microeconomic Analysis Schaum’s Outline of Microeconomics, (Schaum’s Outline Series) Domnick Salvatore., Principles of Micro Economics, Oxford, New Delhi. Gregory Mankiw, N., Principles of Macro Economics, CENGAGE Learning, Australia. Salvatore, D. Microeconomics Theory and Applications, Oxford University press, Pindyck, R. S. Rubuinfeld, D.L. & Mehta, P.L. Microeconomics, Pearson Education Sen, Anindya, Microeconomics, Theory and Applications, Oxford University Press, 1999. Sarkhel Jaydev, Microeconomic Theory, Syndicate Publishers Kolkata Maddala G S, Miller Ellen M, Theory and Applications of Microeconomics, McGraw Hill Education India (Pvt) Limited  ECO-001-CC-2120: Mathematical Economics-I Total Credit: 4 (4L) Minimum Contact Hours: 60 Internal Assessment: 20 End Semester Exam: 80 Full Marks: 100 Learning Objective: To impart the knowledge of basic mathematical tools and its application in economics. Course Outcomes: CO1: The learners will gain knowledge of coordinate geometry and binomial theorem. CO2: The learners will learn about functions and its forms, limit and continuity. CO3: They will also learn about differential calculus and some economic application. CO4: They will also acquire knowledge of integral calculus and its economic application. Module Content Contact CO Hours Module I Coordinate Geometry and Algebra 15 CO1 Two dimensional space - coordinates of a point ; distance between two points; coordinates of the mid-point of a line joining two points; equation of a straight line; equation of a circle in standard form; binomial theorem; exponential expansion Module II Set Theory and Forms, Limit and Continuity of Function 15 CO2 Elementary set theory; relation and functions; different forms of function- constant, identity, linear, non-linear, homogenous and non-homogenous functions; limit of a function- right hand side and left hand side limits; continuity of a function Module III Differential Calculus 15 CO3 Basic rules of differentiation; partial and total differentiation; economic application - elasticity of demand and supply function, derivation of marginal function (marginal revenue, marginal cost, marginal propensity to consume); concept of L-Hopital rule Module IV Integral Calculus 15 CO4 Definition and types; indefinite integral- basic rules of integration, integration by substitution and by parts; application of indefinite integration - derivation of the total function from marginal function (total revenue, total cost, saving function, consumption function); definite integral and its properties; area under a curve; derivation of consumer’s surplus and producer’s surplus; concept of improper integral Mapping of POs/ PSOs with COs PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 2 2 - 1 1 2 1 2 3 - 3 1 2 2 CO2 1 2 - 1 2 2 1 2 3 - 3 1 2 2 CO3 1 2 - 1 2 2 1 2 3 - 3 1 2 2 CO4 1 2 - 1 2 2 1 2 3 - 3 1 2 2 Average 1.25 2.0 - 1.0 1.75 2.0 1.0 2 3 - 3.0 1 2.0 2.0 Recommended Readings: Allen, R.G.D., Mathematical Analysis for Economics, Macmillan, 1976. Baruah, Srinath, Basic Mathematics and its Application in Economics, Macmillan India Limited, Calcutta and Chennai, 2001 Bose, D, An Introduction to Mathematical Economics, Himalaya Publishing House, Mumbai, 2007 Chiang, A.C., Fundamental Methods of Mathematical Economics, McGraw Hill, Kogakusha, New Delhi, 1974 Chiang, A. C and Kevin Wainwright, Fundamental Methods of Mathematical Economics, McGraw Hill Education (India) Private Limited, Chennai, 2018 Dowling, Edward T, Introduction to Mathematical Economics, McGraw-Hill Companies, New York, Chicago, San Francisco, Lisbon, London, Madrid, Mexico City, Milan, New Delhi, San Juan, Seoul, Singapore, Sydney, Toronto, 2012 Mehta, B. C. and G. M. K. Madnani, Mathematics for Economists, Sultan Chand &Sons, New Delhi, 2009 Yamane, Taro, Mathematics for Economists: An Elementary Survey, PHI Private Limited, Delhi, 2013  ECO-001-MC-2110: Money and Banking Total Credit: 4 (4L) Minimum Contact Hours: 60 hours Internal Assessment: 20 marks End Semester Exam: 80 marks Full Marks: 100 Learning Objective: This course has been designed to impart the knowledge with regard to the concepts of Money and Banking. It will deal with the definition and function of money, demand and supply of money, banking and inflation. Course Outcome: CO1. The learners will gain knowledge about the different concepts of Money CO2. The learners will alsolearn about demand and supply of money. CO3. They will also understand about commercialand central banks. CO4. The learners will alsolearn about different aspects of inflation. Module Content Contact CO Hours Module 1 Money 10 CO1 Barter and money economy; functions of money; Definition: M1, M2, M3 and M4; quantity theory: Cambridge and Fisherian versions Module II Money demand and supply 15 CO2 Classical and Keynesian models of demand for money: Money supply and its components: currency and bank deposits, High powered money and money multiplier. Module III Banking 20 CO3 Principles of Commercial banking- Bank’s credit creation process; and credit multiplier. Central bank, functions of RBI; Functions of NABARD. Module IV Inflation 15 CO4 Types of inflation, demand pull and cost push; inflationary gap; effects of inflation on production, distribution, and growth; measures of control of inflation. Mapping of POs/ PSOs with COs PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PSO1 PSO2 PSO3 PSO4 CO1 2 1 1 1 2 1 - - - - 2 2 1 1 CO2 2 2 1 1 2 1 - - - - 2 2 1 1 CO3 3 2 1 1 2 1 - 1 - - 2 2 1 1 CO4 2 2 1 1 2 - - 1 - - 2 2 1 1 Average 2.25 1.75 1 1 2 0.75 - 0.5 - - 2 2 1 1 The Mapping Level Contribution between COs-POs/PSOs are Categorized as [3: High; 2: Medium; 1: Low; -: No Correlation Recommended Readings: Gupta, S. B. Monetary Planning in India, Oxford University Press (latest) Decock, M. H. Central banking, 1943 Chandler, L.V. The Economics of Money and Banking, 1966 Allen, R.G.D. Macro Economic Theory, St. Martins Press, 1967. S. Shikdar, S. (2018), Principles of Macroeconomics, Pearson Education India  ECO-001-MD - 2110: Basic Features of Indian Economy Minimum Contact hours: 45 hours Total Credit: 03 (3L) Internal Assessment: 20 marks End Semester Exam: 80 marks Full Marks: 100 Learning Objective: This course has been designed to impart knowledge with regard to the various concepts of economic development, poverty and the Indian economy to the learners. Course Outcome: CO1. The learners will acquire the knowledge about basic features of Indian Population CO2. The learners will acquire the knowledge about agricultural and industrial development in India CO3. The learners will also learn about globalization and its impact on Indian Economy. Module Content Contact CO Hours Module I Features of Indian Population 8 CO1 Demographi featur