ECONOMICS
Offered to: School of Technology
Offered in the Year of Study: 2nd and 3rd year B.Tech Students
(Autumn and Spring Semester)
Engineering Economics
Course Name: Engineering Economics
Course Code: HS 2002
Course Credit: 3
Course Category: HS Elective I
Course Description
The course on Engineering Economics is a specialized need-based extension of applied Economics which is aimed at developing an understanding of the principles governing Economy’s vital parameters like Market, Finance, Production, Consumption and Distribution. The course focuses on learning methodical and rational conceptualization and developing the knowledge for effectively implementing these market principles in actual organizational activities and forums. The course intends to develop the ability of taking decisions related to project selection and implementation, optimization of market vitals like sales, revenue, profit, cost etc. It serves as the base of learning all Economics related elective papers offered in higher semesters as well as preparation for any competitive exams like civil services, MAT etc.
Course Outcomes
CO1: To apply economic theory for optimization of the economic variables of demand, supply, sales, profit, cost and revenue.
CO2: To apply the budgeting principles in making economic decisions during project appraisals.
CO3: To develop awareness towards all the economic issues related to the financial market, Budget, Money, Credit and Fiscal Policies etc.
CO4: To relate and apply theoretical concepts in Economics with contemporary/modern business practices.
CO5: To understand the vitals of the financial market, know the source and methods of raising capital for an organization.
CO6: To understand the depreciation of asset principles and efficient inventory/resource management.
Economic Environment of India
Course Name: Economic Environment of India
Course Code: HS 2008
Course Credit: 3
Course Category: HS Elective I
Course Description
The course on Economic Environment of India is designed to cater encompassing discernment of Indian Economy to the students. The course precisely highlights the role of different sectors in Indian Economy and also touches upon the normative aspect of striking balance among different sectors. It covers the status of public economics in Indian context. Besides, it ensures the students to have knowledge on the role of foreign sectors.
Course Outcomes
CO 1: To develop the analytical understanding of the economic situation of the country.
CO2: To develop the skill to interpret the economic indicators during steady growth path and economic crisis.
CO3: To acknowledge the role of different policy making bodies in India related to economic affairs.
CO4: To develop the ability to analyze the occupational structure of the country and sectoral contribution to growth.
CO5: To examine the extent and role played by foreign sector in the form of exchange rate, FDI etc. in the domestic economy.
CO6: To develop a critical understanding of the fiscal position of the country.
Financial Institutions, Markets and Regulations
Course Name: Financial Institutions, Markets and Regulations
Course Code: HS 2010
Course Credit: 3
Course Category: HS Elective I
Course Description
The course on Financial Institutions, Markets and Regulations is a specialized need-based extension of Financial Economics. This course is designed to present the fundamental concepts and theories in financial market and promote the application to the workplace and professional practice. It introduces current financial concepts and tools towards money management in organizations participating in the local and global economies. The course covers the current best practices in financial analysis and planning through the application of financial concepts in a nutshell. These include financial vitals relate to money and capital markets, time value of money, cost of capital, risks and return, long-term financial budgeting. In addition, the course also introduces topics on lease financing, hybrid securities and derivatives, trust funds, mergers and acquisitions and related issues in current financial sector.
Course Outcomes
CO1: The students will have comprehensive understanding of the nature and functions of the several types of financial institutions operating in the market.
CO2: The students will develop critical skills in applying the principles of finance and financial inter-mediation to the real-world situations.
CO3: The students will be able to effectively interact with the financial markets they need to approach for their future economic endeavors and/or in their place of employment.
CO4: The students will be able to make economic decisions and analysis of issues related to security market transactions and policies.
CO5: The students would develop the understanding of the structure and functions of Indian financial institutions, instruments and policies.
CO6: The students will be able to take decisions regarding saving, investments, portfolio contents and diversification to maximize their return and reduce associated risks.
Development Economics
Course Name: Development Economics
Course Code: HS 2012
Course Credit: 3
Course Category: HS Elective I
Course Description
The course on Development Economics is a specialized need-based extension of Economics dealing with issues related to economic growth and development. It provides an in-depth discussion of the different economic description of development and underdevelopment. It will put a deep insight into the most challenging economic issues of poverty, inequality and underdevelopment faced by the humanity. It will deal with the various existing, modern and developing strategies and policies to tackle these issues and foster the economy onto the path of development. The students will be able to assess the pros and cons of a proposed development intervention and its likely impact on the target population.
Course Outcomes
CO1: To develop the understanding of issues related to economic growth and economic development.
CO2: To relate and apply the major growth theories in their related academic projects.
CO3: To develop the familiarity with major economic issues faced by the country like poverty, inequality, underdevelopment etc.
CO4: To analyse and compare the development paths adopted across countries of the globe.
CO5: To analyse the empirical evidence on the pattern of growth and development.
CO6: To develop critical understanding of the existing, adopted and needed policies and strategies for sustainable growth and development.
Foundations of Modern Macroeconomics
Offered to: School of Technology Offered in the Year of Study: 3 rd Year B. Tech. Students (Autumn and Spring Semester)
Course Name: Foundations of Modern Macroeconomics
Course Code: HS 3032
Course Credit: 3
Course Category: Open Elective Course (OCE)
Course Description
The course on Foundations of Modern Macroeconomics is an elective course designed to make the students understand the concepts of national income, employment, inflation, consumption, savings, Investment, monetary and fiscal policies, etc. which reveal the performance of any economy. Focusing on macroeconomic parameters, this course facilitates learning on general equilibrium in different set-ups. It intensifies the aptitude of the students to interpret the prevalent economic and business policies in entirety and their impact on all the sectors of the economy.
Course Outcomes
CO1: To introduce themselves to the basic principles of Macroeconomics.
CO2: To explain the circular flow model and use the concepts of aggregate demand and aggregate supply
CO3 To understand the basic economic problems of inflation, unemployment, poverty and their remedies through macro insights.
CO4: To evaluate the relevance of macro variables in policy making.
CO5: To relate the corporate functioning to macroeconomic indicators.
CO6: To define fiscal and monetary policies and how these affect the economy
Financial System & Risk Management
Course Name: Financial System & Risk Management
Course Code: HS 3034
Course Credit: 3
Course Category: Open Elective Course (OEC)
Course Description
The course on Financial System & Risk Management is an elective course designed to make the students understand the concepts of money, finance, financial markets, money markets, and risk and return involved in both the markets. The course is intended to develop cognition on the optimal allocation of financial resources and efficient management of them. It ensures melioration in students’ perceptive of the time value of money concept and the function of a financial manager in the competitive business environment.
Course Outcomes
CO1: To introduce themselves to the financial concepts like money, stocks, wealth, assets, etc.
CO2: To understand the basic operation of the financial system of the economy.
CO3: To acquaint themselves with certain financial analytical tools.
CO4: To accustom them with the financial market: money and capital market.
CO5: To know the risk involved in financial market
CO6: To have basic knowledge on how to manage the risk involved in financial instruments.
Course Coordinator
Dr. Swapnamoyee P. Palit
Assistant Professor, School of Humanities
Email ID.: [email protected]