ST.XAVIER'S COLLEGE

Department of Economics

Programme specific outcome

Undergraduate

The stakeholders of this programme is expected to acquire the skill and knowledge in the following areas

  • PSO 1: Enable to analyze the problems at the firm and industries level and consumer’s activities in the real-world situation with the help of underlying principles of microeconomics.
  • PSO 2: Elucidate and recite the principles of management to function on the organization and to know about the urban and rural background and its activities in the present world through the lens of economic ideas.
  • PSO 3: Paraphrase the significance and patterns of different movements and events in India through learning of Indian History.
  • PSO 4: To get awareness about the formation of states and fundamental rights and duties at individual and societal levels through the Indian constitution.
  • PSO 5: Acquaint the trends and patterns of monetary and fiscal policies in determining economic activities of an economy with the principles of macroeconomics.
  • PSO 6: Grasp and apply the mathematical tools such as algebra, geometry, linear equations, etc., and statistical tools into theories of both micro and macroeconomics.
  • PSO 7: Apply basic and fundamental knowledge of Computer Applications in Economics like measuring descriptive statistics and inferential statistical values.
  • PSO 8: Measuring and calculating the basic socio and economic variables of literacy rate, basic demographic characteristics, GDP, GNP, Inflation, Unemployment, and Labour force Participation in the Indian economy.
  • PSO 9: Explore the knowledge about the organized and unorganized labour market in India and problems faced by landless agricultural labourers at the rural level in India.
  • PSO 10: Comprehend the fundamentals of concepts of development and growth theories and growth models strategies adopted.

Postgraduate

After completing this programme, the students will be able to acquire in-depth knowledge in several areas

  • PSO 1: A study of Economics looks at production, consumption, distribution, investments, taxation, and how people spend and save money.
  • PSO 2: The study explains how societies, governments, businesses, households, and individuals allocate their scarce resources.
  • PSO 3: The study of National Income Accounting teaches them how to do income calculations easily.
  • PSO 4: The study of economics provides valuable knowledge for making decisions in everyday life.
  • PSO 5: The program gives benefits and costs of alternative careers, and the likely impacts of public policies including universal education, health care, and a higher minimum wage.
  • PSO 6: The complementary study of mathematics, statistics, and econometrics, the primary quantitative method used in the discipline of economics, enables students to become critical consumers of statistically based arguments about numerous public and private issues rather than passive recipients.
  • PSO 7: To impart knowledge for enabling students to develop data analytics skills and meaningful interpretation of data sets so as to solve Economic/Research problems.
  • PSO 8: The study of development economics analysis helps us to understand the big themes of the 21st century like poverty and inequality, globalization and trade, and the contrasting experiences of success and failure in the economies of different regions of the world.
  • PSO 9: To develop conceptual models to predict changes in economic policies and market conditions with the use of rigorous statistical analysis.
  • PSO 10: To understand economic problems clearly, knowledge of quantitative techniques in the area of mathematics and statistics is very essential. This course is meant to train the student in this direction.
  • PSO 11: The course explains the consequences of changes in the quantity of money on economic variables such as interest rates, inflation, the exchange rate, and unemployment.
  • PSO 12: The course analyzes the impact of public policy on the allocation of resources and the distribution of income in the economy and also analyzes public expenditures, taxation, budgetary procedures, stabilization instruments, and debt issues.