ABOUT ECONOMICS DEPARTMENT & OUT COMES
DEPARTMENTS HISTORY
The department of Economics was established since the inception of the college i.e. 2nd July 1938. Shri R.K. Page, a renowned writer and economist was appointed as head of the department. Later, he became the Principal of the college. The department has been served by some dignitaries who were, later an elected to higher positions in different fields including shri. Deodhar, Shri. K. S. Deshpande & Shri. H. R. Tiwari. The Post graduate Department of economics was started in the session 1982-83. Subsequently, the department has had a good a fortune of being shaped and developed under the leadership for academicians like Shri. A.K. Paraskar, Shri. D. M. Phadke and Dr. H.R. Tiwari. At Present, Dr. Prasannjit R. Gawai is working as the head of the department since June 2014. It is one of the major department of the faculty of Humanities where strength of the students is increasing day by day
ABOUT SUBJECT
PSO & SUBJECT OUTCOMES
B.A. Economics
Program Outcome
PSO (Program Specific Outcomes) U G Economics
1. To understand the concept of Economics.
2. To understand the basic principle of Economics.
3. To understand Economic rules and theory.
4. To understand distribution of income and structure of market.
5. To understand type of banks & its functions.
6. To understand international trade & international institution like IMF.
7. To understand micro & macro Economics.
8. To understand Indian Economy, Maharashtra Economy.
M.A. Economics
Program Outcome
After the completion of the program the students are able to:
1. To ability to locate and critically evaluate archival, printed or electronic source-material for the investigation of specific economical question.
2. To develop ability of economical research.
3. To develop awareness of current economical debates.
4. Develop skill to draw economical charts and diagrams, models.
5. To write articles on economical topics.
6. Knowledge of economical installs the feeling of patriotism in hearts of students.
7. To make career in field of ecotourism.
8. To face NET/SET exam.
9. To understand Economic problems of populations.
10. To gets empolyment in planning commission
11. Making policies for indian economy
PSO (Program Specific Outcomes) U G Economics
1. To understand the concept of Economics.
2. To understand the basic principle of Economics.
3. To understand Economic rules and theory.
4. To understand distribution of income and structure of market.
5. To understand type of banks & its functions.
6. To understand international trade & international institution like IMF.
7. To understand micro & macro Economics.
8. To understand Indian Economy, Maharashtra Economy.
B. A. Part 1 Semester I Course Outcomes Economics UG
Course (Paper) Name and Code: Micro Economics- I (1022)
CO1 Learners will understand the concepts of micro economics.
CO2 Learners will able to understand the basic principles of economics.
CO3 Learners will understand the structure of market & perfect competition
CO4 Learners will understand consumer’s behaviour
CO5 Learners will understand the concept of wages, Interest and Profit.
B. A. Part 1 Semester II
Course (Paper) Name and Code: Economy of Maharashtra (1022)
CO1 Learners will understand the economy of Maharashtra.
CO2 Learners will urbanization in Maharashtra.
CO3 Learners will understand the main features of Industrial development in Maharashtra. CO4 Learners will able understand agriculture productivity in Maharashtra.
CO5 Learners will able understand the economy of Vidarbha Region.
B. A. Part 2 Semester III
Course (Paper) Name and No.: Macro Economics (1022)
CO1 Learners will learn about national income.
CO2 Learners will study the theories related to market.
CO3 Learners will learn the consumption function, as well as investment multiplier.
CO4 Learners will understand the concept of inflation.
CO5 Learners will able understand advantages and disadvantages of international trade.
B. A. Part 2 Semester IV
Course (Paper) Name and No.: Modern Banking System (1022)
CO1 Learners will learn about Commercial Bank
CO2 Learners will study the Monetary Policy OF RBI.
CO3 Learners will learn about Co-operatives Societies.
CO4 Learners will learn the functions of IMF, IBRD & WTO
CO5 Learners will able understand Mobile Banking & E-Wallets
B. A. Part 3 Semester V
Course (Paper) Name and No.: Indian Economy (1022)
CO1 Learners will understand the basic feature of Indian Economy.
CO2 Learners will study the nature and importance of agriculture in economy.
CO3 Learners will understand Industrial Policy 1991 and Causes, Remedies for Poverty & Unemployment
CO4 Learners will understand the concept of Liberalization, Privatization and Globalization.
CO5 Learners will able understand the concept of Global Warming
B. A. Part 3 Semester VI
Course (Paper) Name and No.: Demography (1022)
CO1 Learners will understand the Importance of Study of Fertility & Mortality
CO2 Learners will study the theories of Population
CO3 Learners will understand the effects of Migration on Population
CO4 Learners will understand the effects & remedies to Urbanization.
CO5 Learners will able understand the population and human development issues
Semester I
Course Outcomes Economics PG Class: M.A. I (Economics)
Course (Paper) Name and No.: Micro Economics-I (2301)
CO1 Learners will understand basic economic problem.
CO2 Learners will get an idea about the applicability of indifference curve analysis.
CO3 Learners will be trained to understand consumer behaviour and elasticity of demand.
CO4 Learners will know recent developments in demand analysis.
CO5 Learners will develop to understand the concept of consumer surplus.
CO6 Learners will be able to understand concepts of production, cost and supply.
Course (Paper) Name and No.: Macro Economics-I (2302)
CO1 Learners will get with concepts of Macro Economics
CO2 Learners will understand the psychological law of consumption
CO3 Learners will able to know revelled preference theory of demand
CO4 Learners will get knowledge of economics and diseconomies of scale.
CO5 Learners will get an idea about revenue curves and cost curves
CO6 Learners will know the Micro foundations of Macro Economics
Course (Paper) Name and No.: Statistics for Economics-I (2303)
CO1 Learner will know the types of measures of central tendency.
CO2 Learner will get ideas of co-efficient of variation
CO3 Learner will understand the method of data collection
CO4 Learner will understand the use of linear regression analysis and its problems.
CO5 Learners will understand recent population census
CO6 Learners will get idea agricultural and industrial statistics.
Course (Paper) Name and No.: Agriculture Economics (2304)
CO1 Learners will understand nature and scope of agricultural economics.
CO2 Learners will aware about how agricultural instability creates problems.
CO3 Learners will get rural industrialization and recent trends in agricultural development in India
CO4 Learners will understand concepts of work, skill and productivity in labour market.
CO5 Learners will know about the wages.
CO6 Learners will learn cropping patten shifts, prices of inputs and subsidies
Course (Paper) Name and No.: Urban Economics (2306) CO1 Learners will understand the process of urbanization.
CO2 Learners will aware about features of urbanization in developing countries.
CO3 Learners will get factors and trends of urbanization
CO4 Learners will understand the problem of urbanization
CO5 Learners will know about 21st century urbanization in India.
CO6 Learners will learn planning of mega city and smart city.
Semester II
Course (Paper) Name and No.: Micro Economics-II (2311)
CO1 Learners will understand pricing under perfect competition.
CO2 Learners will get an idea about price and non-price competition.
CO3 Learners will be trained about price discrimination.
CO4 Learners will understand the theories of distribution.
CO5 Learners will develop to the reality of welfare economics.
CO6 Learners will be able to understand the neoclassical theory of interest
Course (Paper) Name and No.: Macro Economics-II (2312)
CO1 Learners will understand the relative effectiveness of monetary and fiscal policies.
CO2 Learners will able to know how to control the inflation.
CO3 Learners will understand the meaning of stagflation.
CO4 Learners will get with Keynesian theory.
CO5 Learners will understand the trade cycle
CO6 Learners will know post Keynesian demand models for money.
Course (Paper) Name and No.: Statistics for Economics-II (2313)
CO1 Learner will know the basics of sampling and estimation.
CO2 Learner will get ideas of time series.
CO3 Learner will know the basics of probability and variable.
CO4 Learner will understand the laws of addition and multiplication
CO5 Learners will get idea about Chi- Square.
CO6 Learners will get idea about index numbers
Course (Paper) Name and No.: Industrial Economics (2314)
CO1 Learners will understand the various theories of the firms.
CO2 Learners will get understand relationship between industrialization and economic development
CO3 Learners will know that how firm adopts technical change.
CO4 Learners will understand financial aspects of firms.
CO5 Learners will get the history of development of Indian Industries.
CO6 Learners will understand the Industrial Policies
Course (Paper) Name and No.: Rural Development (2315)
CO1 Learners will understand the concept of rural development.
CO2 Learners will get understand relationship between rural development and economic development
CO3 Learners will know about cooperative movement.
CO4 Learners will understand migration of rural labour
CO5 Learners will get the the schemes for rural development.
CO6 Learners will understand the need and importance of rural technology
M A Part 2 Semester III
Course (Paper) Name and No.: Economic Growth, Development and Planning-I (3111)
CO1 Learners will understand factors and measurements of economic development and growth
CO2 Learners will trained to measure different aspects of economic development indicators.
CO3 Learners will get with various modern growth and development models.
CO4 Learners will understand the classical theories of development
CO5 Learners will study the measuring development and development gap CO6 Learners will get exact idea about human resource development
Course (Paper) Name and No.: International Trade & Finance-I (3112)
CO1 Learners will understand Features and Importance of International and Inter-Regional Trade.
CO2 Learners will trained about comparative advantage and opportunity costs.
CO3 Learners will get consumption & production effects on international trade.
CO4 Learners will understand recent developments in international trade theories
CO5 Learners will study the fixed and flexible exchange rate.
CO6 Learners will get exact idea about trade and growth
Course (Paper) Name and No.: Labour Economics (3115)
CO1 Learners will understand the types and Characteristics of Labour
CO2 Learners will learn the theory of labour demand.
CO3 Learners will aware about the theory of labour supply.
CO4 Learners will know wage issues in labour markets.
CO5 Learners will get with the labour market in India.
CO6 Learners will understand the effects and remedies of labour turnover
Course (Paper) Name and No.: Research Methodology for Economics (3116)
CO1 Learners will get with nature and scope of research in economics.
CO2 Learners will understand various types of research design.
CO3 Learners will understand methods of data collection and presentation and elementary analysis data.
CO4 Learners will understand about research methodology.
CO5 Learners will study different methods of testing hypothesis.
CO6 Learners will study how to write a report
M A Part 2 Semester IV
Course (Paper) Name and No.: Economic Growth, Development and Planning-II (3121)
CO1 Learners will understand all about economic planning
CO2 Learners will understand the choice of technology
CO3 Learners will get the role of monetary policy in growth and development.
CO4 Learners will understand the balance and unbalanced growth
CO5 Learners will study the sectral aspects of development
CO6 Learners will get exact idea about FDI, MNC and developing countries.
Course (Paper) Name and No.: International Trade & Finance-II (3122)
CO1 Learners will understand India’s international trade policies
CO2 Learners will train about regional economic blocks
CO3 Learners will get the structure of world trade organization
CO4 Learners will understand problem of international liquidity
CO5 Learners will study the need of foreign direct investment and private foreign investment
CO6 Learners will get exact idea about working and regulation of MNCs in India
Course (Paper) Name and No.: Business Cycles (3124)
CO1 Learners will understand definition and nature of business cycles
CO2 Learners will understand the business cycles in India during 20th century.
CO3 Learners will get the policies for controlling business cycles
CO4 Learners will understand about recession of 1990s and financial crisis in 21st century.
CO5 Learners will study theories of business cycles
CO6 Learners will understand the economic fluctuations and types
Course (Paper) Name and No.: Demography (3125)
CO1 Learners will understand the scope of demography
CO2 Learners will trained to measure projection of population
CO3 Learners will get the Census of India – 2001, 2011
CO4 Learners will understand the population policy in India
CO5 Learners will study the construction and uses of life-table
CO6 Learners will understand the theories of population