राजकीय महाविद्यालय, कण्डाघाट
Department of Economics was established in the year 2016, at the time of inception of the college, with a Bachelor of Arts course in Economics as one of the elective subjects.
At present, the department of Economics, one of the foremost departments, offers undergraduate programme of Bachelor of Arts (B.A.) in Economics. It has also been imparting knowledge of the subject at graduation level under the Choice Based Credit System (CBCS) to the students of various disciplines and programmes opting for Economics as the second core subject or as Generic Elective. The department offers courses that inculcate the employability skills and enhances critical thinking and cognitive skills of the students which integrates values and entrepreneurial skill development among the students.
At present the department has the capacity intake of 240 students in B.A. with Economics degree programmes. Apart from effective curriculum delivery, the department has also made sincere efforts to provide exposure to economics in the real world to the students. The students actively contribute articles to the college magazine “Udhbhav” for the “Planning” section, with one of the students acting as the student editor.
The department also organizes individual & group presentations, seminars, debates and group discussions on various Economic and Current issues from time to time to create awareness and sensitise students on the current economic, political, and social affairs which enhances their subject as well as general knowledge.
The sincere and dedicated faculty of the Department is responsible for our good academic record over the years. During the session 2023-24 the students brought laurels to the department with 100 per cent results in all three years. Department thrives to reach standards of excellence in teaching, learning and research.
Faculty member of the department is also actively involved in publication, faculty development programmes, orientation programmes, seminars, conferences along with serving the institution in various areas with full involvement, dedication, and commitment.
Course No. ECONA101
Course title: Principles of Microeconomics–I
Nature of Course: DSC – I
Number of credits: 6
Course Description: This course is designed to expose the student to the basic principles in Microeconomic Theory and illustrate the same with applications.
| Month/Week | Topic | Sub-Topic | Teaching Method | Student Participation/Assessment | Resources Required |
|---|---|---|---|---|---|
| July-September (6 weeks) | Unit-1: Introduction | Problem of scarcity and choice: scarcity, choice and opportunity cost; production possibility frontier; economic systems. Demand and supply: law of demand, determinants of demand, law of supply, determinants of supply, market equilibrium. Applications of demand and supply: consumer surplus, producer surplus. Elasticity: price elasticity of demand, calculating elasticity, determinants of price elasticity, income and cross elasticities. | Lecture, Discussion, Diagrams, Real-Life examples, Graphical explanations | Class participation, Q&A, Class exercise, quiz, Assignments | Diagrams, textbooks, Graphs, readings, Textbook, PPT slides, exercises |
| September (3 weeks) | Unit-II: Consumer Theory | Budget constraint, concept of utility, diminishing marginal utility, Diamond-water paradox, indifference curves, derivation of demand curve from indifference curve and consumer’s equilibrium; price, income and substitution effects. | Lecture, graphical explanations | Quiz, class discussion | Diagrams, textbooks |
| October-November (8 weeks) | Unit-III: Production and Costs | Production: behavior of profit-maximizing firms, production functions, law of variable proportions, law of returns to scale; choice of technology, isoquant and isocost lines, cost minimizing equilibrium condition. Costs: costs in the short run, costs in the long run, revenue and profit maximizations, minimizing losses, short run industry supply curve, economies and diseconomies of scale. | Graphs, case study discussion | Assignment, in-class problem-solving | Graphs, readings |
| December, February-March (8 weeks) | Unit-IV: Market Structure and Perfect Competition | Market: Meaning. Market structure: Types and Definition. Role of time element: Market Period, Short Period and Long Period. Market Price and Normal Price. Perfect Competition: assumptions, theory of a firm under perfect competition, demand and revenue; equilibrium of the firm in the short run and long run; long run industry supply curve: increasing, decreasing and constant cost industries. | Graphs, case study discussion | Assignment, in-class problem-solving | Graphs, readings |
Course No. ECONA102
Course title: Principles of Microeconomics–II
Nature of Course: DSC – II
Number of credits: 6
Course Description: This is a sequel to Principles of Microeconomics–I covered in the part – I. The objective of the course is to further the understanding of the student so as to achieve conceptual clarity.
| Month/Week | Topic | Sub-Topic | Teaching Method | Student Participation/Assessment | Resources Required |
|---|---|---|---|---|---|
| July-September (8 weeks) | Unit-I: Theory of a Monopoly Firm | Concept of imperfect competition; Monopoly: features, short run and long run price and output decisions of a monopoly firm; concept of a supply curve under monopoly; comparison of perfect competition and monopoly, price discrimination; Dumping; remedies for monopoly: Antitrust laws, natural monopoly. | Lecture, examples | Case study, presentations | Diagrams, textbooks, PPT slides, exercises |
| September-October (3 weeks) | Unit-II: Monopolistic Competition and Oligopoly | Monopolistic competition: Assumptions, short run & long run price and output determination under monopolistic competition, economic efficiency and resource allocation. Oligopoly: Assumptions, oligopoly model: kinked demand curve and price rigidity, cartels and role of government. | Group work, graphical explanations | Quiz, short answer test | Diagrams, textbooks, Industry examples |
| October-November (6 Weeks) | Unit-III: Market Failure and Factor Pricing | Market Failure: Market adjustment to changes in demand, efficiency of perfect competition; sources of market failure: imperfect markets, public goods, externalities, imperfect information; evaluating the market mechanism. Factor Pricing: Meaning and Types of Distribution. Marginal productivity theory of distribution. Wages: Meaning and Types of Wages. Real and Nominal Wage. Theories of Wages (Classical and Modern). | Discussion, problem-solving | Open discussion, written assignment | Graphs, Textbook, case studies |
| December, February-March (8 weeks) | Unit-IV: Factor Pricing | Rent: Concept of Rent. Ricardian Theory of Rent, Quasi Rent, Modern Theory of Rent. Interest: Classical Theory, Loanable Fund Theory and Keynes’ Liquidity Preference Theory. Profit: Gross Profit and Net Profit. Theories of Profit: Dynamic Theory of Profit, Innovation Theory of Profit and Uncertainty Bearing Theory of Profit. | Graphs, case study discussion | Assignment, in-class problem-solving | Graphs, readings |
Course No. ECONA201
Course title: Principles of Macroeconomics–I
Nature of Course: DSC – III
Number of credits: 6
Course Description: This course introduces students to the basic concepts in Macroeconomics. Macroeconomics and deals with the aggregate economy. In this course the students are introduced to the definition, measurement of the macroeconomic variables such as GDP, consumption, savings, investment and balance of payments. The course also discusses various theories of determining GDP in the short run.
| Month/Week | Topic | Sub-Topic | Teaching Method | Student Participation/Assessment | Resources Required |
|---|---|---|---|---|---|
| July-August (5 weeks) | Unit-1: Introduction to Macroeconomics and National Income Accounting | What is macroeconomics? Macroeconomic issues in an economy. National Income Accounting: Concepts of GDP and National Income; measurement of national income and related aggregates; nominal and real income; limitations of the GDP concept. | Lecture, discussion, Illustrations, numerical examples, Numerical problem-solving | Quiz, problem-solving, Assignments | Textbooks, PPTs, Diagrams, textbooks, case studies |
| September-October (7 weeks) | Unit-II: Classical and Keynesian Theory of Macroeconomics | Classical assumptions, Say's Law of Market, Classical theory of employment, output, prices and interest, Limitations of Classical Theories. Keynesian theory of employment: Determination of effective demand, Comparison and contrast between Classical and Keynesian contribution, Relevance of Keynesian economics to developing countries. | Lecture, group discussion, Graphical explanations | Short answer questions, Class participation, quiz | Diagrams, textbook references |
| October-November (5 Weeks) | Unit-III: Consumption, Saving and Investment Functions | Concepts of MPS, APS, MPC, APC, MPI, API. Keynes Psychological Law of Consumption. Determinants of Consumption. Saving and Investment: Equality between saving and investment. Factors determining Investment. Marginal Efficiency of Capital (MEC), Business expectations and secular stagnation. | Graphs, Lecture, problem-solving | Assignment, in-class activity | Diagrams, readings |
| December, February-March (6 weeks) | Unit-IV: Money in a Modern Economy | Concept of money in modern economy; monetary aggregates; demand for money; quantity theory of money; liquidity preference and rate of interest; money supply; credit creation; monetary policy | Lecture, case studies | Class discussion | Textbook, bank-related examples |
Course No. ECONA202
Course title: Principles of Microeconomics–II
Nature of Course: DSC – IV
Number of credits: 6
Course Description:This is a sequel to Principles of Macroeconomics–I. It analyses various aspects of macroeconomics in greater detail. It also introduces the student to concept of inflation, its relationship with unemployment and some basic concepts in an open economy.
| Month/Week | Topic | Sub-Topic | Teaching Method | Student Participation/Assessment | Resources Required |
|---|---|---|---|---|---|
| July-August (5 weeks) | Unit-1: Multiplier and Accelerator | Investment Multiplier: Its working and leakages, Importance and critique. Acceleration Principle: contribution of Samuelson’s and Hicks; Super Multiplier; Basic Concept of Business Cycle (excluding theories). | Numerical problem-solving | Problem-solving exercises | Diagrams, Graphs, textbook exercises, PPT slides |
| September-October (8 weeks) | Unit-II: Theories of Money and Inflation | Value of money, Fisher’s equation, Cambridge equation, Keynesian theory of money and prices, Milton Friedman’s Restatement of Quantity theory of money. Inflation and Unemployment: Concept of inflation; determinants of inflation; relationship between inflation and unemployment: Phillips Curve in short run and long run. | Lecture, case studies | Class discussion, Assignments, Group presentations | Textbook, bank-related examples |
| November (3 Weeks) | Unit-III: IS-LM Analysis | Equilibrium of monetary and real sector: Classical and Keynesian Dichotomy; Derivation, Properties, Shifts of IS and LM Curves; Simultaneous Equilibrium in monetary and real sector. | Lecture, graphical explanations | Quiz, Numerical illustrations | PPTs, diagrams |
| November - March (7 weeks) | Unit-IV: Balance of Payments and Exchange Rate | Balance of payments: Capital and Current Accounts, Causes and Consequences of Disequilibrium in Balance of Payments. Market for foreign exchange: determination of exchange rate under Fixed and Flexible Exchange Rates. Balance of Payments Adjustment under Fixed and Flexible Exchange Rates. | Lecture + PPTs | Assignment, Presentations | PPTs and diagrams, Real-world examples (e.g., India’s BOP), Graphical data representation |
Course No. ECONA301/ECONA 314
Course title: Indian Economy
Nature of Course: DSE – 1/ GEC-1
Number of credits: 6
Course Description:This course is designed to enable students to have in-depth knowledge of various problems and issues faced by Indian Economy. The course will concentrate on both the achievements and the issues of the economy.
| Month/Week | Topic | Sub-Topic | Teaching Method | Student Participation/Assessment | Resources Required |
|---|---|---|---|---|---|
| July-September (9 weeks) | Unit-1: Understanding the Indian Economy | Impact of colonization on Indian Economy. Post-Independence Economy; Planning for the economy – objectives, strategy and achievements (Plan wise details to be excluded). State of the Economy in 1991. Features of the Economic Reforms and Structural Adjustment Programme: Liberalization, Privatization and Globalization. Appraisal of Economic Reform Programme. Relevance of planning in the context of globalization, Objectives and Functions of NITI Aayog. | Lecture & Discussion | Class Participation | Textbook, Reading materials |
| October (4 weeks) | Unit-II: Problems Faced by Indian Economy | Poverty: definition and estimate, poverty line, poverty alleviation programs. Inequality: income and regional inequality – causes and corrective measures. Unemployment: concepts, measurement, types, causes and remedies. Food problem and food security, Role of Public Distribution System (PDS) in India. Direct Cash Transfer Scheme of Government. | Lecture/Presentations | Quiz, Q&A | Textbook, Reading materials |
| November (4 Weeks) | Unit-III: Agriculture in India | Pattern of Growth of Indian Agriculture since 1950; Land Reforms, Green Revolution, Agricultural Production, Productivity. Factors Influencing Agricultural Development: Marginalisation, Labour, Marketing and Finance. Issues and challenges in agricultural credit and subsidy. Deceleration in the 1990s – Causes and Future Challenges. Economic Liberalization and Emerging Trends in Indian Agriculture. New Agricultural Policy (In the context of liberalization.) | Classroom Discussion | Presentations, Q&A | PPT, Textbook |
| December-March (5 weeks) | Unit-IV: Industries in India | Role of Industry in Economic Development. Pattern of Industrialization, Industrial development during the plan period. Role, Growth and Problems of Cottage, small scale and Medium scale industries in India. Industrial Policy: 1948, 1956 and 1991 and Recent Developments. Impact of New Industrial Policy on Industrial Sector. | Presentations, Classroom Discussion | Assignment, Presentations | PPT, Textbook |
Course No. ECONA306
Course title: International Economics
Nature of Course: DSE – 6
Number of credits: 6
Course Description:This course develops a systematic exposition of models that try to explain the composition, direction, and consequences of international trade, and the determinants and effects of trade policy. The basic aim of this course is to link international trade relations and its impact on exports of nations.
| Month/Week | Topic | Sub-Topic | Teaching Method | Student Participation/Assessment | Resources Required |
|---|---|---|---|---|---|
| July-September (9 weeks) | Unit-1: Introduction to International Trade and Trade Theories | Nature and importance of International Trade - Inter-Regional and International Trade. Theories of Absolute Advantage, Comparative Advantage and Opportunity Costs, Heckscher-Ohlin Theory of Trade – Its main Features, Assumptions and Limitations; Leontief Paradox. | Lecture, Discussion, PPT Slides | Class Test | Textbook, Diagrams, PPT |
| October (4 weeks) | Unit-II: Terms of Trade, Tariff and Economic Integration | Terms of Trade: Concept, Measurement and Effects on Nation’s Welfare. Trade Policy: Arguments for and against Free Trade and Protection. Tariff and Non-Tariff Barriers: Economic Effects. Economic Integration: Concept and Forms of Regional Integration; Static and Dynamic Effects of Custom Union. | Class Debate | Q&A, Discussion | Textbook, Graphs, PPT |
| November (4 Weeks) | Unit-III: Balance of Payment | BOT, BOP, Current Account, Capital Account, Visible and Invisible, causes and consequences of disequilibrium in Balance of Payments, Methods of correcting the disequilibrium. Devaluation of Currency, Convertibility of Currency: Partial Account and Full Account. Recent trends in balance of Payment in India. | Numerical Problems, Group Discussion | Presentations | PPT |
| December-March (5 weeks) | Unit-IV: Foreign Exchange Rate | Exchange Rate - Meaning - Demand and supply of Foreign Exchange; Types of Exchange Rate: Fixed Vs Flexible Exchange Rate. Theories of Foreign Exchange Rate: The Mint-Parity Theory, The Purchasing Power Parity Theory, BOP Theory. Objectives, Functions and Role of IMF, IBRD and WTO. | Interactive Lecture, Q&A | Presentations | PPT |
Course No. ECONA203
Course title: Statistical Methods – I
Nature of Course: SEC – 1
Number of credits: 6
Course Description:This course introduces the student to collection and presentation of data. It also discusses how data can be summarized and analysed for drawing statistical inferences. The students will be introduced to important data sources that are available and will also be trained in the use of free statistical software to analyse data.
| Month/Week | Topic | Sub-Topic | Teaching Method | Student Participation/Assessment | Resources Required |
|---|---|---|---|---|---|
| July-August (5 weeks) | Unit-1: INTRODUCTION TO STATISTICS | Statistics: Meaning, Scope, Nature, Function, Importance and Limitations of statistics. Types of Data: Primary and Secondary data, Univariate and Bivariate data, qualitative and quantitative data; nominal and ordinal data, Cross-section and Time Series. Sources of data: Primary and Secondary data. Diagrammatic and Graphic Presentation of Data. | Lecture, Discussion, Examples | Q&A session, Discussion on applications. | Chalkboard, PPT, Statistical textbooks. |
| September-October (6 weeks) | Unit-II: CENSUS AND SAMPLE | Collection of Statistical Data: Census and sample Method, Merits and demerits of census and sampling. Some basic sampling methods: Probability and Non Probability Sampling Methods with merits and demerits. Essentials of sampling, Methods of Selecting Sample, Sampling and Non-Sampling Errors. | Hands-on demo of graphs and charts. | Activity to collect and present data. | Graph papers, Statistical textbooks. |
| October-November (6 Weeks) | Unit-III: MEASURES OF CENTRAL TENDENCY | Objectives of Averaging, Requisites of a Good Average. Arithmetic Mean, Median, Mode, Geometric Mean and Harmonic Mean. Quartiles, Deciles, Percentiles and Limitations of Averages. | Numerical Problems, Discussion with examples | Students solve numerical problems in class, Assignment | Calculator, Chalkboard. |
| December-March (6 weeks) | Unit-IV: DISPERSION | Meaning and significance of dispersion. Measures of dispersion: Range, Quartile Deviation, Mean Deviation, Standard Deviation, Coefficient of Variation, Variance, Absolute and Relative measures of variation - Lorenz Curve. | Problem-solving approach with examples. | Students solve numerical problems in class, Assignment | Calculator, Chalkboard. |
Course No. ECONA205
Course title: Statistical Methods – II
Nature of Course: SEC – 3
Number of credits: 4
Course Description:This course introduces the student to collection and presentation of data. It also discusses how data can be summarized and analysed for drawing statistical inferences. The students will be introduced to important data sources that are available and will also be trained in the use of free statistical software to analyse data.
| Month/Week | Topic | Sub-Topic | Teaching Method | Student Participation/Assessment | Resources Required |
|---|---|---|---|---|---|
| July-September (8 weeks) | Unit-1: CORRELATION ANALYSIS | Meaning, Significance of the Study of Correlation. Correlation and Causation. Types of Correlation: Positive, Negative, Partial, Multiple, Linear and Non-Linear. Methods of Studying Correlation: Scatter Diagram Method, Graphic Method, Karl Pearson‟s Coefficient of Correlation, Spearman‟s Rank Correlation. Properties and Interpretation of Correlation Coefficient. | Interactive lecture and solving examples. | Solve correlation problems, Class Test | Chalkboard, PPT, Statistical textbooks. |
| September-November (8 weeks) | Unit-II: REGRESSION ANALYSIS | Meaning - Difference between Correlation and Regression - Regression Lines - Regression Equations of X on Y and Y on X Only - Regression Coefficients. Elementary application of regression in demand, supply, consumption and investment functions. | Practical examples with economic data. | Students analyze small data sets for regression. | Graph papers, Statistical textbooks. |
| November-December (4 Weeks) | Unit-III: ANALYSIS OF TIME SERIES | Meaning and Importance of Time Series. Components of Time series, Measurement of Trend: Graphic Method, Semi, Average method, Moving Average Method, Least Square Method. Applications in Economics. | Numerical Problems, Discussion with examples | Students solve numerical problems in class, Assignment, Class Test | Calculator, Chalkboard. |
| February-March (4 weeks) | Unit-IV: INDEX NUMBERS | Meaning, Characteristics, Importance and Uses, Classification. Types of Index Numbers: Price, Quantity and Value Index Numbers. Special Purpose Indices: Cost of Living Index, Wholesale Price Index, Consumer Price Index. Problems in construction of Index Numbers. | Problem-solving approach with examples. | Students solve numerical problems in class, Assignment | Calculator, Chalkboard |
Course No. ECONA310
Course title: Public Finance
Nature of Course: SEC – 6
Number of credits: 4
Course Description:This course is a non-technical overview of government finances with special reference to India. The course does not require any prior knowledge of economics. It will look into the efficiency and equity aspects of taxation of the centre, states and the local governments and the issues of fiscal federalism and decentralization in India. The course will be useful for students aiming towards careers in the government sector, policy analysis and business.
| Month/Week | Topic | Sub-Topic | Teaching Method | Student Participation/Assessment | Resources Required |
|---|---|---|---|---|---|
| July-September (9 weeks) | Unit-1: Public Finance: An Introduction | Meaning and definition of public finance – Public finance and private finance – the principle of Maximum Social advantage. Market Failure; Private Goods, Public Goods and Merit Goods. Overview of Different Roles of Government: Allocation, Stabilization, and Distribution. | Lecture with PPT, Open discussion | Class Q&A on scope and applications | Textbooks, PPT slides, whiteboard |
| October (4 weeks) | Unit-II: Taxation | Revenue-Meaning, source, tax and non-tax revenue and importance – Canons of Taxation. Types of tax: Direct and indirect taxes, Progressive, proportional and regressive taxation, single and multiple taxation. Current Issues of India‟s Tax System. Effects of taxation. Taxable Capacity: Determinants of taxable capacity. Shifting and incidence of taxes. Distinction between impact and incidence of taxation. Factors affecting incidence of tax. Tax evasion. | Lecture, PPT | Class Test, assignments | Tax data examples, Textbooks, PPT slides |
| November (4 Weeks) | Unit-III: Public Expenditure and Public Debt | Public Expenditure: classification of public expenditure. Causes and growth of public expenditure. Effects of public expenditure on production, employment and distribution. Growth of public expenditure. Public Debt: Meaning and classification. Need for public borrowing – Effects of public debt on production, consumption and distribution. Burden of public debt. Redemption of public debt. Growth of public debt. | Lecture and graph analysis | Discussion: Effects of public spending on development, Class Test | Statistical data on public expenditure, Textbook |
| December-March (5 weeks) | Unit-IV: Public Finance in India | Indian Fiscal Policy, Budget: Concepts, instruments and objectives Types of Government Budgets: Revenue Account, Capital Account and Different Concepts of Budgetary Deficits in the Indian Context. Economic and Functional Classification of Central Govt. Budgets. Fiscal Federalism in India; Center State Financial Relations and Evaluation of Previous and Features of Latest Finance Commission. State and Local Finances. | Lecture and examples of fiscal policies, Budget & Deficit financing | Discussion: Evaluate a country’s fiscal policy, Group discussion: Federalism and finance in India, Assignments | Textbook, PPT Slides |
Course No. ECONA311
Course title: Money and Banking
Nature of Course: SEC – 7
Number of credits: 4
Course Description:This course exposes students to the theory and functioning of the monetary and financial sectors of the economy. It highlights the organization, structure and role of financial markets and institutions. It also discusses interest rates, monetary management and instruments of monetary control. Financial and banking sector reforms and monetary policy with special reference to India are also covered. The course does not require any prior knowledge of economics.
| Month/Week | Topic | Sub-Topic | Teaching Method | Student Participation/Assessment | Resources Required |
|---|---|---|---|---|---|
| July-September (9 weeks) | Unit-1: Money: Theory and Approaches | Money: Meaning, functions and classification, Role of money in capitalist, socialist and mixed economies, Monetary standards – Metallic and paper standards, Principles and System of Note Issue. Qualities of Good Monetary Standard. Grasham‟s law. Measures of Money Supply. | Lecture, PPT Presentation | Class discussion on the evolution of money. | Textbooks, PPT slides, historical references, Internet sources |
| October (4 weeks) | Unit-II: Financial Markets: Money Market and Capital Market | Financial markets and institutions; Money and capital markets: organization, structure, importance and role in economic development of India; financial crises. | Lecture, Diagrammatic Explanation | Students analyze small data sets for regression. | Textbook, PPT |
| November (4 Weeks) | Unit-III: Commercial Banking | Banking: Meaning and types of Banks. Indian banking system: Changing role and structure; banking sector reforms. Functions of Commercial banks. Process of credit creation. Purpose and limitations. Commercial banking in India. Nationalization of commercial banks in India. Recent reforms in banking sector in India. | Interactive Lecture, Q&A | Prepare presentations on the functions of banks, Assignment, Class Test, Solve numerical problems on credit creation | Textbooks, banking-related videos, Articles on banking reforms, videos. |
| December-March (5 weeks) | Unit-IV: Central Banking and Monetary Policy | Central Bank: Functions of Central Bank. Quantitative and qualitative methods of credit control. Role and functions of the Reserve Bank of India. Monetary Policy: goals, targets, indicators and instruments of monetary control; success and limitation of monetary policy in India. | Lecture, Practical Examples, Group Discussion | Students solve numerical problems in class, Assignment | RBI website, PPT Slides on central banking. |
Course No. ECONA313
Course title: Economy of Himachal Pradesh
Nature of Course: GEC – 1
Number of credits: 6
Course Description:This course exposes students to the theory and functioning of the monetary and financial sectors of the economy. It highlights the organization, structure and role of financial markets and institutions. It also discusses interest rates, monetary management and instruments of monetary control. Financial and banking sector reforms and monetary policy with special reference to India are also covered. The course does not require any prior knowledge of economics.
| Month/Week | Topic | Sub-Topic | Teaching Method | Student Participation/Assessment | Resources Required |
|---|---|---|---|---|---|
| July-September (6 weeks) | Unit-1: Features of Himachal Pradesh Economy | Resource endowment - Land, Water, Minerals, Forests, Demographic Trends, Human Development Index. Trends in State income – Structural growth before and after reforms, Sources of State Finances. Targets and Achievements of Plans and current year Budget. | Lecture, Discussion, PPT Slides | Class discussion on historical trends | Textbook, Reference materials, Maps, Government reports. |
| October (4 weeks) | Unit-II: Agriculture and Horticulture of Himachal Pradesh | Role of Agriculture and Horticulture in State Domestic Product Cropping pattern, Productivity and yield of major crops, Agricultural marketing, Agricultural finance, Marginalization and Agricultural Diversification in Himachal Pradesh. Trends in Fruit and vegetable Production and Productivity. Critical evaluation of government policies on agriculture and horticulture sector. | Lecture, Group Discussion | Individual Presentations. | Textbook, Reference Materials, PPT Slides |
| November-December (5 weeks) | Unit-III: Industrial and Power Sector of Himachal Pradesh | Trends and patterns in industrial growth, large scale and small scale industries of Himachal Pradesh, Labour Welfare measures and skill development programmes. Trends in hydro power generation in Himachal Pradesh. Environmental issues related to Industrialisation and power projects in Himachal Pradesh. | Lecture, Field Visit (if possible) | Prepare a report on MSMEs in HP, Assignment, Class Test | Textbook, Reference Materials, PPT Slides |
| February-March (4 weeks) | Unit-IV: Infrastructure and Tourism of Himachal Pradesh | Transport: road, rail and air. Banking, Housing, Social Welfare, Education and health programmes of the State Government. Role of Tourism in the economic development of Himachal Pradesh. | Lecture, Visual Presentation, Case Studies. | Assignments: Analyze transport growth over decades, Group research on hydroelectric projects, Survey tourist spots and present findings | Textbook, Reference Materials, PPT Slides & Tourism brochures, HP Tourism Department reports |
| Course Title | Course Code | Nature of Course and Year | Course Outcome |
|---|---|---|---|
| Principles of Micro Economics–I | ECONA101 | Discipline Specific Core (DSC) First Year |
This Course is designed to provide basic understanding of the behaviour of individual Economic agents – Consumer, Producer. The students learn some basic principles of microeconomics, interactions of supply and demand, and the basic forces that determine equilibrium in a market economy. It will introduce the students to the basic ideas and tools that will be utilized throughout other courses of the degree programme. It introduces a framework for learning about consumer behaviour and analysing consumer decisions. It gives the foundation for economic analysis and problem solving. A thorough understanding on firm’s production processes and optimal production decisions. |
| Principles of Micro Economics–II | ECONA102 | Discipline Specific Core (DSC) First Year |
To apply the principles Micro economic analysis to the decision making of firms and market. Students are also exposed to business environment where there is competition among firms. It helps the students to develop skills in formulating business strategy in the context of market imperfections. The students can understand the basic theory of distribution and the source of income generation. Students are provided with the working and performance of firms in the market. |
| Principles of Macro Economics–I | ECONA201 | Discipline Specific Core (DSC) Second Year |
This course aims to develop the broad conceptual frameworks which will enable students to understand and comment upon real economic issues like inflation, money supply, GDP and their interlinkages. It will also allow them to critically evaluate various macroeconomic policies in terms of a coherent logical structure. This course is intended to provide students with the basic ideas in classical and Keynesian macroeconomics. With this course, students are expected to learn the relationships and ideas in the measurement of national income. The students will be able to demonstrate a good understanding of macroeconomic policies, concepts, and theories. |
| Principles of Macro Economics–II | ECONA202 | Discipline Specific Core (DSC) Second Year |
It makes the students to understand Indian economic issues which are macroeconomic in nature. Helps to understand and compare a closed economy and open economy adjustment mechanism. Policy makers all over the world use macroeconomic theories and related empirical results to frame policies. Similarly, business firms, use these theories and results to formulate their strategies. A sound understanding of macroeconomic principles and their applications is essential for students of Economics. Helps to understand the role of monetary and fiscal policies to address economic issues. Understand the open economy macroeconomics and know how to maintain internal and external balance. |
| Year | Discipline Specific Elective (DSE) | Course Code |
|---|---|---|
| III | DSE 1: Indian Economy | ECONA301 |
| DSE 2: Economic History of India 1857 – 1947 | ECONA302 | |
| DSE 3: Economy of Himachal Pradesh | ECONA303 | |
| DSE 4: Basic Econometrics | ECONA304 | |
| III | DSE 5: Development Economics | ECONA305 |
| DSE 6: International Economics | ECONA306 | |
| DSE 7: Mathematical Economics | ECONA307 | |
| DSE 8: Economic Systems | ECONA308 |
| Year | Discipline Specific Elective (DSE) | Course Code |
|---|---|---|
| III | DSE 1: Indian Economy | ECONA301 |
| DSE 2: Economic History of India 1857 – 1947 | ECONA302 | |
| DSE 3: Economy of Himachal Pradesh | ECONA303 | |
| DSE 4: Basic Econometrics | ECONA304 | |
| III | DSE 5: Development Economics | ECONA305 |
| DSE 6: International Economics | ECONA306 | |
| DSE 7: Mathematical Economics | ECONA307 | |
| DSE 8: Economic Systems | ECONA308 |
| Year | Skill Enhancement Course (SEC) | Course Code |
|---|---|---|
| II | SEC 1: Statistical Methods – I | ECONA203 |
| SEC 2: Economics of Rural Development | ECONA204 | |
| II | SEC 3: Statistical Methods – II | ECONA205 |
| SEC 4: Demography | ECONA206 | |
| III | SEC 5: Research Methodology | ECONA309 |
| SEC 6: Public Finance | ECONA310 | |
| III | SEC 7: Money & Banking | ECONA311 |
| SEC 8: Project Work | ECONA312 |
| Year | Generic Elective Course (GEC) | Course Code |
|---|---|---|
| III | GEC 1: Economy of Himachal Pradesh | ECONA313 |
| III | GEC 2: Indian Economy | ECONA314 |
| GEC 4: Development Economics | ECONA315 | |
| GEC 5: Environmental Economics | ECONA316 |