Economics | V. V. Giri Govt Kalasala Dumpagadapa

Department Profile

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Vission & Mission

“Human development, as an approach, is concerned with what I take to be the basic development idea: namely, advancing the richness of human life, rather than the richness of the economy in which human beings live, which is only a part of it.” Amartya Sen.

Vision & Mission

In accordance with the vision and mission of the college the Department has set its own vision and mission

Vision :

“To increase interest amongst the students towards Economics subject also motivate to evaluate current update on Indian Economy thrives to reach standards of excellence in teaching and research.”

Mission :

To make the students to gain analytical skills in various contemporary economic problems.
To produce socially responsible students with good knowledge in welfare economics.
To make students competitive in Economics.
To develop research attitude among the students.
To bring up the innate talent through effective dissemination of knowledge in Economics.

PO's, PSO's, CO's

PROGRAMME OUTCOMES

PO1: Critical Thinking Skills: Students are expected to be able to apply economic analysis to everyday problems in real world situations, to understand current events and evaluate specific policy proposals and to evaluate the role played by assumptions in arguments that reach different conclusions to a specific economic problem.

PO2: Quantitative Reasoning Skills: Students are expected to understand how to use empirical evidence to evaluate the validity of an economic argument, use statistical methodology, interpret statistical results and conduct appropriate statistical analysis of data.

PO3: Problem-Solving Skills: Students are expected to be able to solve problems that have clear solutions and to address problems that do not have clear answers and explain conditions under which these solutions may be correct.

PO4: Specialized Knowledge and Application of Skills: Students are expected to develop critical and quantitative thinking skills.

PROGRAMME SPECIFIC OUTCOMES

PSO1: The students will be familiarized with the broad contours of economics and its methodologies, tools and its analysis.

PSO2: Students will develop a scientific approach towards varied branches of economics like modern banking, economic development and planning, micro economics etc.,

PSO3: The student will be able to understand the basic concept of macroeconomic analysis.

PSO4: Students will be able to analyze the economics and institutional arrangements of specific regions, countries, organizations, localities, industries or firms

PSO5: Acquaint with some basic statistical methods to be applied in economics.

PSO6: Acquaint with some basic theoretical concept of public finance.

PSO7: Acquaint with the measurement of development with the help of theories along with the conceptual issues of poverty and inequalities with Indian perspectives.

PSO8: Students will be able to effectively communicate and debate economic ideas and policies.

PSO’09: Learn the basic concept of monetary analysis and financial marketing in Indian financial markets.

PSO’10: Learn the development issues of Indian economy.

Course Outcomes
Sem-I Microeconomic Analysis
CO-1	Remembers and states in a systematic way the differences between microeconomic analysis and macro economic analysis, various laws and principles of microeconomic theory under consumption.
CO-2	Explains Various terms and concepts relating to microeconomic analysis with the help of examples of real life, Consumer’s equilibrium and consumer’s surplus using indifference curve analysis, various laws and principles of consumption, production, and income distribution.
CO-3	Critically examines using data and figures various laws and principles of microeconomic analysis and market conditions, Application of the concept of demand elasticity and its relation with Average and Marginal Revenue.
CO-4	Draws critical diagrams and graphs to explain and examine the application of various laws and principles of micro economic analysis.
Sem-II Macroeconomic Analysis
CO-1	Remembers and states in a systematic way Various concepts, definitions, laws and principles of macroeconomic theory with reference to income,employment, money, banking and finance.
CO-2	Explains the difference between various concepts and components of national income with illustrations and methods of measuring national income various terms, concepts, laws and principles, theories relating to income, employment,consumption, investment, money, price-level and phases of trade cycles functions of commercial banks and central bank, creation and control of credit.
CO-3	Critically examines using data and figures in order to understand the interrelationship between various components of national income. the theories of macroeconomics with reference to their assumptions,implications and applicability. Empirical evidences of Consumption and Investment Functions and factors influencing them.
C0-4	Draws critical formulae, diagrams and graphs,consumption and investment functions; concepts of multiplier and accelerator price indices, inflation and trade cycles
Sem-III Development Economics
CO-1	Remembers and states in a systematic way Various concepts and definitions and indicators relating to economic growth and development including recent developments
CO-2	Explains Distinction between growth and development with examples Characteristics of developing and developing economies and distinction between the two factors contributing to development, Choice of Techniques and a few important models and strategies of growth
CO-3	Critically examines using data and figures the theoretical aspects of a few models and strategies of economic growth role and importance of various financial and other institutions in the context of India’s economic development
C0-4	Draws critical diagrams and graphs to explain the models and strategies to highlight empirical evidences to support the strategies
Sem-IV (paper-IV) Economic Development- India and Andhra pradesh
CO-1	Remembers and states in a systematic way leading issues of Indian economic development with reference to potential for growth, obstacles and policy responses Objectives, outlays and achievements of economic plans and growth strategies
CO-2	Explains Available Resources, demographic issues, general problems of poverty and unemployment and relevant policies Sector specific problems, remedial policies and their effectiveness relating to Agriculture and Industrial Sectors of Indian and AP economy and infrastructure issues of AP economy.
CO-3	Critically examines using data and figures Leading issues of current importance relating to India and AP economy, major policies and programmes Covid- 19 and its impact on Indian economy
C0-4	Uses official statistical data and reports including tables and graphs to explain the achievements of Indian economy with reference to the objectives of planning and policy and make critical evaluation.
Sem-IV (paper-V) Statistics Methods for Economics
CO-1	Remembers and states in a systematic way the definitions, terms and their meaning relating to statistical methods various formulae used to measure central tendency, correlation regression and Indices
CO-2	Explains Importance of statistics and its applications The method of classification of primary data Uses of Correlation and Regression analysis, time series and index numbers in economic analysis
CO-3	Analyses and solves using given data and information (analysis and evaluation)different kinds of statistical problems using various principles and formulae relating to central tendency, correlation, regression, time series and indices to interpret data and suggest solutions to economic problems
CO-4	Draws critical diagrams and graphs Histogram, Frequency Polygon and Frequency Curve More than cumulative and less than cumulative frequency curves (Ogive) Different types of Bar diagrams Pie Diagram and its uses in economic analysis.
Sem-V ( Paper-VI C ) Insurance Service
CO-1	Explain the concept and principles of insurance service and functioning of insurance service agencies;
CO-2	Identify and analyse the opportunities related insurance services in local rural area;
CO-3	Apply the concepts and principles of insurance to build a career in Insurance services;
C0-4	Demonstrate practical skills to enable them to start insurance service agency or earn wage employment in it.
Sem-V ( Paper-VII C ) Banking and Financial Services
CO-1	Explain the concept and essentials banking and financial services.
CO-2	Identify and analyse the employment opportunities related to banks and other financial institutions.
CO-3	Apply the concepts to banking and financial opportunities and formulate ideas relatedto them.
C0-4	Demonstrate practical skills to enable them to get employment in Banks and other financial institutions as business correspondents or Common Service Centers or market ingagents.

CIA

Economics Continuous Internal Assessment (CIA) 2017-18

Economics Continuous Internal Assessment (CIA) 2018-19

Economics Continuous Internal Assessment (CIA) 2019-20

Economics Continuous Internal Assessment (CIA) 2020-21

Economics Continuous Internal Assessment (CIA) 2021-22

Economics Continuous Internal Assessment (CIA) 2022-23

Results

Economics results 2017-18

Economics results 2018-19

Economics results 2019-20

Economics results 2020-21

Economics results 2021-22

Economics results 2022-23

Department Activities

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Best Pracitices

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Gallery

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