ECONOMICS

  • Vision and Mission
  • Course Outcome
  • Faculty
  • Syllabus

PROFILE

Vision

By 2035, the Department of Economics aims to develop future educators, policymakers, planners, and administrators with critical thinking skills and ethical values, enabling them to make a national and global impact

mission

The mission of the Department is to cultivate critical thinking, analytical, and problem-solving abilities among students while providing a strong foundation in the evolution of economic thought and theory. We aim to nurture informed decision-makers who can apply economic knowledge and ethical judgment in diverse professional roles, contributing meaningfully to society at local, national, and global levels.

COURSE OUTCOME

SEMESTER/ TITLE OF THE COURSE LEARNING OUTCOME PROGRAMME SPECIFIC OUTCOME

I Semester- ECO1.1

MICRO ECONOMICS

  • The application of microeconomic analysis to theories related to Consumer behaviour, Production, Cost, product, and Factor Pricing
  • Understand the basic concepts of economics and apply them in your professional pursuits.
  • Display the ability to evaluate the market condition and analyse the prices.
  • Analyse historical perspectives to understand the functioning of the economy.
  • Analyse the impact of economic development to solve problems like poverty, unemployment, overpopulation, low capital formation, etc.
  • Create awareness about sustainable development and environmental issues.
  • Implement research methodology in research design, data analysis, planning, and interpretation.
  • Evaluate, design, and develop problem-solving strategies and evolve scientific solutions.
  • Demonstrate the ability to evaluate and apply appropriate information in different Competitive Examinations like the Staff Selection Commission, Banking Recruitment, KPSC, UPSC, etc.

II Semester – ECO 2.1

MACRO ECONOMICS

  • Comprehend the macro variables in their application to planning and policymaking. 

III Semester – ECO 3.1A

MONETARY ECONOMICS (Elective)

  • Analyze the working of the monetary system by tracing the evolution, features, functions and role of money in modern economic system

ECO 3.1B

INTERNATIONAL ECONOMICS (Elective)

  • Explain the gains from international trade, foreign exchange, balance of payments, establishment and functioning of the International institutions and forums for better livelihoods

IV Semester – ECO 4.1A

INDIAN FINANCIAL SYSTEM (Elective)

  • Explain the classification of the financial system in India with its functions, constituents, instruments etc.

ECO 4.1B

PUBLIC ECONOMICS (Elective

  • Understand the basic concepts of Public Economics and the role of government in raising public revenue for public expenditure.
  • Explain the sharing of revenue between the centre and the state.
  •  

V Semester ECO 5.1

INDIAN ECONOMY (Core)

  • Understand the features of the Indian economy and suggest measures to solve problems.
  • Functioning and the interrelationship between different sectors of the Indian economy
  •  

ECO 5.2A

DEVELOPMENT ECONOMICS (Elective)

  • Analyse the impact of economic development on the undeveloped countries to solve problems like poverty, unemployment, and low capital formation.

ECO 5.2B

ECONOMIC DOCTRINES (Elective)

  • Comprehend the development of the theory of economics in historical perspective and emerging paradigms with their reasons.
  • Understand the similarities and differences in views among different schools of economic thought.

V Semester ECO 6.1

INDIAN ECONOMY (Core)

  • Understand the macro concepts of the Indian economy like national income, public financeand foreign trade

ECO 6.2A 

DEVELOPMENT ECONOMICS (Elective)

  • Explain the theories of Economic Development and the role of each sector in the development of a country

ECO 6.2B

RURAL DEVELOPMENT AND COOPERATION (Elective)

  • Gain insight into the socio-economic structure of rural India and the prospects and problems of rural development in India.
  • Describe the government’s efforts for rural development and the role of the cooperative movement.
SEMESTER/ TITLE OF THE COURSE LEARNING OUTCOME PROGRAMME SPECIFIC OUTCOME

I Semester- ECO1.1

MICRO ECONOMICS

  • The application of microeconomic analysis to theories related to Consumer behaviour, Production, Cost, product, and Factor Pricing
  • Understand the basic concepts of economics and apply them in your professional pursuits.
  • Display the ability to evaluate the market condition and analyse the prices.
  • Analyse historical perspectives to understand the functioning of the economy.
  • Analyse the impact of economic development to solve problems like poverty, unemployment, overpopulation, low capital formation, etc.
  • Create awareness about sustainable development and environmental issues.
  • Implement research methodology in research design, data analysis, planning, and interpretation.
  • Evaluate, design, and develop problem-solving strategies and evolve scientific solutions.
  • Demonstrate the ability to evaluate and apply appropriate information in different Competitive Examinations like the Staff Selection Commission, Banking Recruitment, KPSC, UPSC, etc.

II Semester – ECO 2.1

MACRO ECONOMICS

  • Comprehend the macro variables in their application to planning and policymaking. 

III Semester – ECO 3.1A

MONETARY ECONOMICS (Elective)

  • Analyze the working of the monetary system by tracing the evolution, features, functions and role of money in modern economic system

ECO 3.1B

INTERNATIONAL ECONOMICS (Elective)

  • Explain the gains from international trade, foreign exchange, balance of payments, establishment and functioning of the International institutions and forums for better livelihoods

IV Semester – ECO 4.1A

INDIAN FINANCIAL SYSTEM (Elective)

  • Explain the classification of the financial system in India with its functions, constituents, instruments etc.

ECO 4.1B

PUBLIC ECONOMICS (Elective

  • Understand the basic concepts of Public Economics and the role of government in raising public revenue for public expenditure.
  • Explain the sharing of revenue between the centre and the state.
  •  

V Semester ECO 5.1

INDIAN ECONOMY (Core)

  • Understand the features of the Indian economy and suggest measures to solve problems.
  • Functioning and the interrelationship between different sectors of the Indian economy
  •  

ECO 5.2A

DEVELOPMENT ECONOMICS (Elective)

  • Analyse the impact of economic development on the undeveloped countries to solve problems like poverty, unemployment, and low capital formation.

ECO 5.2B

ECONOMIC DOCTRINES (Elective)

  • Comprehend the development of the theory of economics in historical perspective and emerging paradigms with their reasons.
  • Understand the similarities and differences in views among different schools of economic thought.

V Semester ECO 6.1

INDIAN ECONOMY (Core)

  • Understand the macro concepts of the Indian economy like national income, public financeand foreign trade

ECO 6.2A 

DEVELOPMENT ECONOMICS (Elective)

  • Explain the theories of Economic Development and the role of each sector in the development of a country

ECO 6.2B

RURAL DEVELOPMENT AND COOPERATION (Elective)

  • Gain insight into the socio-economic structure of rural India and the prospects and problems of rural development in India.
  • Describe the government’s efforts for rural development and the role of the cooperative movement.

FACULTY

Mr. Mahanthesh B Havani

Assistant Professor

M.A, NET, KSET (Ph.D)
Mahantheshbh.nmkrv@rvei.edu.in

Dr. Shiva Kumar S M

Assistant Professor

M.A. Ph.D.., NET, KSET

Ms. Shruthi C

Assistant Professor