Objectives of the Courses Offered by the Department of Economics

• ECONOMICS (Major)
  The objective of the Program of Economics Major is to provide the students a strong foundation of the varied branches of the discipline of Economics. This program has a structured curricula which consists of core courses that encompass concepts, fundamental theories and general principles along with the discipline-specific and skill- enhancement courses that deal with contemporary and emerging issues in practice. The entire 4 year programme of CCF adds dynamism to the coverage of this ever-expanding subject. The two foundational courses of Economics, namely, Microeconomics and Macroeconomics are offered in this programme with extensive details, their applications are taught in the courses like Mathematical Economics, Statistics for Economics, Introductory Statistics and Applications and Econometrics (both introductory and application types). The extended and practical sub-fields like Indian Economics, Development Economics, International Economics, Public Economics, Environmental and Resource Economics, etc. are also offered with proper weightage and substantial significance. Students can also acquire the historical acumen of the economic events in the historical past from the course like Economic History of India. They can also refine their theoretical knowledge and learn to substantiate it with the ability to use statistical tools and software and get trained to analyse the real-world data for explaining the causes and outcomes of real economic events through the papers like Data Analysis and Research Methodology in the Major Course.  In a nutshell, the programme of B. Sc. With Economics Major aims to inculcate, among the students,  the scientific approach of the dynamic subject of Economics to review the individuals, markets and the society as a whole and their interconnectedness in order to enhance their power of reasoning, critical and analytical thinking and interpretation profusely and to brush-up their understanding to face the new challenges of the world. 

The contemporary issues of gender inequality and environmental sustainability are also the key areas with which the students of Economics get acquainted through various courses of this programme like Development Economics and Environmental Economics, Sustainable Development. This programme aims to instil a kind of self-directed academic pursuits and a thirst for lifelong learning among the students through Summer Internships. They are also encouraged to opt for self-employment endeavours through the course like Entrepreneurship Development. 

Varied and prolific career options are open to the students of Economics after successful completion of the programme.

• Pursuance of higher studies (Post-Graduate) in Economics, Applied Economics, and in allied subjects (like Foreign Trade, Quantitative Economics, Labour Economicsand other fields of Social Sciences) in different reputed universities all over India and abroad. They can also pursue higher studies in Data Sciences, Management and Actuarial Sciences. 
• Job prospects in schools, colleges and Universities after acquiring additional higher degree /qualifications.
• Job prospects as economists, consultants, analysts in the growing Banking and Insurance and Financial Sectors.
• Prospects of being absorbed in Actuarial business is particularly bright for students in the discipline of Economics with Mathematics.
• Jobs in Indian Economic Services and State Government Services through success in competitive examinations.
• Jobs and engagement in Rural Development and Public Policy.
• Students with a flair for writing in English/Bengali may choose careers in Journalism particularly in the field of socio-political issues in print and electronic media.

• ECONOMICS (Minor)
  The University of Calcutta undergraduate Economics Minor Program under CCF is the right option for students who are interested in understanding economics, the motive and rationality behind each economic policy, the functioning of different economic strategies, and various economic principles and allied fields of economics. This program aims at enhancing students’ ability of effective communication by asking pertinent questions and to obtain solutions to these by using quantitative and qualitative reasoning, relate social reality with economics and use this knowledge for the material, social and cultural benefit of the individual self as well of the society. On completion of the under-graduate Economics (Minor) Program, students may acquire the basic insights of the techniques and comprehensiveness of the training of the subject of Economics. They can also cultivate their theoretical knowledge and learn to corroborate it with the ability to analyse the real-world data for explaining the causes and outcomes of real economic events through the paper, Economic Data Analysis and Report Writing in the Minor Course. The course works will help them in acquiring desirable outcomes in graduate examinations, pursue higher academic degrees, enhance their preparedness for appearing in competitive examinations, get them ready as future teachers and equip them as professionals in accounting, insurance, finance, marketing and management and such others, both in the national as well as in the international arena.
  
   
• ECONOMICS (Inter-Disciplinary Course)
  The programme is designed to expose the students to the basic principles of economic theory. The courses of this programme illustrate how economic concepts can be applied to analyze real life situations. 

After completing this programme, the students are expected to develop a basic understanding of theoretical concepts in economics, exhibit a basic understanding of the economic propositions and learn to utilise their proper applications and exceptions. Moreover, this programme is designed to enrich their rational thinking and to help them interpreting the complex economic problems of daily lives with more dynamism. 

COURSE OUTCOMES

ECONOMICS

CCF SYLLABUS

SEMESTER 1 

• DSCC1 (ECOM); MN1(MECO): MICROECONOMICS (I)

Course Outcome

• This course introduces the foundational background of Micro-economic Theory with specific details of the varied nature and mechanisms of perfectly competitive commodity markets and factor markets. 
• This course also introduces the idea about utility theory, production efficiency, trade-off and the basic functions of the economic variables.
• After completion of this course the students have an understanding about the subject matter of Microeconomics. They have an idea about the interplay of the market forces of demand and supply with and without govt. intervention. Further, the students completing the course come to know about the different concepts of elasticity and their application.

• SEC 1 ECOM : INTRODUCTORY STATISTICS AND APPLICATION (I)

Course Outcome

• This introductory course for students with Economics Major will enable them to use, at beginning level of proficiency, tools of statistics for doing exploratory or descriptive analysis of any basic research question of economics.
• On completion of the course, the students have an understanding of the basic concept of statistics and its application for collection, processing, compilation, dissemination, and analysis of economic data which enables them to conceptualise the functional relationships in a better way.

• SEC-1 (MECO-SEC): ECONOMIC DATA ANALYSIS AND REPORT WRITING

Course Outcome

• With the knowledge of this course, the students will understand what economic data are, how they are collected, and how to assess the quality/reliability of data. They will have intermediate proficiency in the acquisition, organization and visualization of data to communicate information and patterns that exist in the data.
• This course will also help the students to articulate meaningful lines of inquiry that might be explored through the collection, organization, visualization, and analysis of data in a context associated with their primary field of study using (as appropriate) numerical, textual, spatial, and/or visual data.
• Students will be able to use, at beginning level of proficiency, tools of statistics and present the inferences of the analyses in a composed report. They will learn to write an academic report of exploratory or descriptive analysis of any basic research question.

• SEC-1 (MECO- SEC): ENTREPRENEURSHIP DEVELOPMENT

Course Outcome

• This course is meant to create awareness about entrepreneurship among students and focuses on motivating students for entrepreneurship with the aid of creativity and innovation.
• This course tries to inculcate various qualities required for entrepreneurship among students by explaining various entrepreneurship models and providing adequate knowledge of various schemes supporting entrepreneurship.

• IDC 1 (ECOD): ELEMENTARY ECONOMICS

Course Outcome

Students will learn economic terms and concepts that impact our daily lives and appear in popular press. Some of these examples are scarcity, trade-offs, opportunity costs, markets, economy, specialization, monopolistic behaviour, monetary and fiscal policies, bank performance, inflation and so on. Students will also learn about the method of how economics- how economists think and how they make theories to understand and solve human issues.

 SEMESTER 2 

• DSCC2 (ECOM); MN2(MECO): MACROECONOMICS (I)

Course Outcome

• At the end of the course, students get familiarised with the subject-matter of    Macroeconomics. They have an understanding about the key variables of macroeconomics and the methodologies used for their measurement and evaluation.
• The students are able to conceptualise the theories of income determination in the Simple Keynesian and the Classical system, Liquidity Preference,  inter-relationship between Bond and Money market and the determinants of the level of investment after completion of the course . 

• SEC 2 ECOM : INTRODUCTORY STATISTICS AND APPLICATION (II)

Course Outcome

• This intermediate level course for students with Economics Major will enable them  to use, at intermediate level of proficiency, tools of statistics for analysing the  research questions of economics.
• This course focuses on techniques for statistical inference. The main objective of the course is to help students understand how to draw inference from samples regarding the underlying populations using point estimation, interval estimation and hypothesis testing.
• An important learning outcome of the course will be the capacity to use and analyse statistics in everyday life. The course will improve students’ ability to analyse data, make decisions, form predictions, and conduct research.

• SEC-2 (MECO-SEC): ECONOMIC DATA ANALYSIS AND REPORT WRITING

Course Outcome

• With the knowledge of this course, the students will understand what economic data are, how they are collected, and how to assess the quality/reliability of data. They will have intermediate proficiency in the acquisition, organization and visualization of data to communicate information and patterns that exist in the data.
• This course will also help the students to articulate meaningful lines of inquiry that might be explored through the collection, organization, visualization, and analysis of data in a context associated with their primary field of study using (as appropriate) numerical, textual, spatial, and/or visual data.
• Students will be able to use, at beginning level of proficiency, tools of statistics and present the inferences of the analyses in a composed report. They will learn to write an academic report of exploratory or descriptive analysis of any basic research question.

• SEC-2 (MECO- SEC): ENTREPRENEURSHIP DEVELOPMENT

Course Outcome

• This course is meant to create awareness about entrepreneurship among students and focuses on motivating students for entrepreneurship with the aid of creativity and innovation.
• This course tries to inculcate various qualities required for entrepreneurship among students by explaining various entrepreneurship models and providing adequate knowledge of various schemes supporting entrepreneurship.

• IDC 2 (ECOD): ELEMENTARY ECONOMICS

Course Outcome

• This elementary level of course is designed for students of different non-economic streams. After completion of this course, the students learn that there are differing views for solving economic problems. So, there are different schools for solving varying problems in Economics. Example, governments and markets are competing systems for providing goods and services to people. Similarly, Classicals and Keynesians are the differing schools of thought in Macroeconomics.
• Especially, the general students will also learn different economic terms and concepts that impact our daily lives like scarcity, trade-offs, opportunity costs, markets, economy, specialization, monetary and fiscal policies, bank performance, inflation and so on. Students will also learn about the method of how economics- how economists think and how they make theories to understand and solve human issues.

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