• Comprehend consumer behaviour in all its ramifications.
• Locate optimum products and factor combinations.
• Describe different market conditions to understand equilibrium in price and output combinations.
• Examine various factors of production and their price determination.
• Discuss welfare economics and criteria to determine society’s welfare.

• Understand matrix algebra and apply to economic models.
• Extend differential calculus for computing values of variables.
• Solve differential and difference equations with applications.
• Compute consumer’s and producer’s surplus using integral calculus.
• Apply linear programming and input-output model to economic analysis.

• Explain theories of international trade and applications.
• Outline impact of dynamic factors on international trade.
• Analyse policies and role of international trade organizations.
• Illustrate balance of payments and exchange rate determination.
• Discuss capital needs and role of financial institutions like IMF, ADB, IFC, IDA.

• Examine factors affecting labour demand and supply.
• Explain unemployment as human capital.
• Illustrate wage determination across sectors.
• Classify industrial dispute settlement methods.
• Evaluate government labour policies for upliftment.

• Handle data and solve problems using Excel.
• Use functions to compute descriptive statistics.
• Present data via graphs, solve equations using Solver.

• discuss the classical viewpoint about income, output and employment determination and explain various macroeconomic theories of consumer behaviour.
• distinguish between Keynesian and post Keynesian views regarding the income, output and employment.
• understand Money market and related concepts.
• explain various macro-economic growth models elaborate stabilisation policies.

• acquire and apply statistical techniques in the empirical analysis of economic relationships.
• understand and infer from the process of data collection and various sampling methods.
• construct and interpret index numbers for economic variables. Measure and evaluate components of time series.
• apply, solve and prove various probability theorems using appropriate probability distributions.
• understand, explain, solve and apply hypothesis testing and selection of appropriate techniques for testing hypotheses.

• understand the concept of money and various approaches related to money.
• explain the functioning of money and capital markets, process of credit creation, role of NBFCs etc.
• interpret demand and supply of money, money multiplier and its determinants and role of RBI.
• analyse the working of monetary policy.
• summarize the role of national and international financial institutions

• trace the evolution of the subject matter of economics starting with mercantilists.
• draw inferences about the relevance of classical economics, socialist economic thoughts, historical critiques and Marx in the present context.
• demonstrate the relevance of neo-classical economics and identify contribution of Austrian School.
• explain and interpret Keynesian and Post Keynesian Economics.
• understand basic Indian economic thought

The course proposes to develop the capacity of students to analyse and appreciate contemporary economic issues and policy pronouncements. The course will start with an introduction to the basic principles of report writing. Subsequent modules will involve inter-active lectures, group discussions, and group presentations. By the end of the course student will be able to present their analysis in the form of a written report

• develop the understanding of the interdependence between agriculture and industrial development.
• make use of agriculture production functions, identify and solve risk and uncertainty in agriculture.
• understand and build models for India’s agricultural development.
• eevaluate Agricultural policies in lieu of their effectiveness.
• compare and contrast the traditional and modern sources of agricultural finance.

• Describe and critically discuss how incorporating the gender dimension influences economic development and how economic development also impacts the gender discourse.
• Understand gender inequalities that exist in many spheres of the economy and how they become an obstacle to development.
• The feminist economics project tries to overcome these limitations of mainstream economic theory
• Develop an understanding of theory on feminist economics and the challenges it poses to theories of economic development and therefore to raise new questions in economics along with exploring different ways in which questions can be answered.
• Know and be able to work out and interpret different measures and indicators of gender and development and eliminate restricting standards.

• Understand the scientific methods of research, research process and research design.
• Understand the sampling techniques and sampling procedures.
• Know the various methods of data collection, tools and techniques.
• Know the reliability and validity of measurement of scaling.
• Know the purpose of project proposal and project report

• apply general awareness of the relationship between economics and
• take part in analytical insights and knowledge population processes,structure and distribution
• examine and analyze gross and per capital output.
• identify plans development, policies and strategies of economic development.
• identify facts of economic push and pulls in the causation of population

• estimate and interpret linear regression models
• examine the problems that arise when the assumptions of linear regression model are not valid.
• solve problems that results from violating the assumptions of linear regression model.
• analyse tools of econometrics, econometric models and applying them in practice.

• understand basic concepts of economics.
• understand the budget document.
• evaluate the performance of the Indian economy.
• identify and discuss national and global economic issues.

• evaluate the evolution of Indian economy and identify key issues in development of Indian economy.
• dissect and examine sectoral development specifically agricultural and industrial development.
• interpret and elaborate financial sector and related policies.
• inspect and explain Indian economy in the context of India’s foreign trade.
• evaluate the performance of Indian economy’s development trajectory.

• examine the concept of maximum social advantage, keeping in view market failure and free riders’ problem.
• understand and make use of taxation system of India.
• outline the theories, concepts and meaning of public debt and public expenditure in India.
• interpret and elaborate classification of budget and fiscal policy for stability, growth and economic development.
• evaluate the growth and composition of statutory and non- statutory financial resources in India.

• explain the concepts of economic growth, structural change and economic development.
• compare and contrast Classical, Marxian, Schumpeterian and other theories of economic development.
• analyse state intervention under LPG and evaluate and construct development plans using appropriate techniques.
• critically examine the policy debate around India’s development trajectory

• develop the ability to critically examine economic issues.
• use basic analytical tools.
• present arguments/findings logically.
• evaluate policies and strategies of economic development

• have the knowledge of different theories of international trade and their applications.
• to know about impact of dynamic factors on international trade.
• have the knowledge of various policies related to international trade besides, role of international trade organizations.
• attain the knowledge of balance of payment and determination of exchange rates.
• have the knowledge of capital requirements of developing countries both in short and long run.

• To understand the various socio-economic issues of the economy of Himachal Pradesh
• To examine the problems and prospects of agricultural and horticultural activities of Himachal Pradesh.
• To know the industrial, power, labour welfare and skill development issues related to the Himachal Economy.
• To analyse the role infrastructural and tourism in the economic development of the Himachal Pradesh