PROGRAMME OUTCOMES
The subject aims at expanding the mental horizon of students to groom their personality and make them rational human beings. This makes them capable for making career in government sector, policy analysis, business and journalism.
PROGRAMME SPECIFIC OUTCOMES
Economics Department of M.L.S.M College Sundernagar acquaints the students with the basic concept of economics. Economics is an art and a science of choice making between ends and scarce means which have alternative uses to obtain maximum satisfaction welfare and growth. As part of the preparation process, the Economics Department faculty, has adopted the specific programme outcomes to be achieved by the Economics department.
They are as following:
PSO 1:- Enables the students to have in depth knowledge of various problems and issues faced by Indian and World economy.
PSO 2:- To expose them to the basic principles of micro economics and macro economics.
PSO 3:- Analyze macro economic policies including fiscal and monetary policies of India.
PSO 4:- To give them the knowledge regarding International business relations and theories of foreign trade.
PSO 5:- Determine economic variables including inflation, unemployment, poverty, GDP, Balance of payments using statistical methods.
PSO 6:- To impart them knowledge of models, strategies and theories of economic growth.
PSO 7:- To instill in them deeper understanding of rural and urban India and issues their in.
PSO 8:- Understand the behaviour of financial and money markets and perform Cost-benefit analysis for making investment decisions.
PSO 9:- To let them realize that the new economic order of liberalization, privatization and globalization is a better part to discharge government responsibilities to the nation.
PSO 10: Develop in them the understanding to deal with the collection of data and how data can be summarized and analyzed for drawing statistical inferences.
PSO 11:- Also highlight the basic features, characteristics and developmental issues of The Economy of Himachal Pradesh.
Prospects for the students graduating with BA in Economics
Economics is considered as an evergreen subject due to its high utility and huge demand in the job markets. Economics’ graduates are in demand not only in India but all across the world for rapidly globalizing economic scenario. Economists are required in both public and private sectors. They get prestigious jobs in the government sector like Indian Economics services, Indian Civil Services, Reserve Bank of India, Commercial Banks, National sample survey, Ministry of Foreign Affairs, NITI Aayog, National Council for Applied Economic Research and National institutions of Public Finance and Policy, Directorate of Economics/Statistics and Ministry of Labour and Employment.
In private sector, Economics graduates are absorbed in banks, MNC’s, BPO’s, KPO’s, business journals, newspaper and other media. They can work in organisations as economic advisors, consultants, financial analysts and stock market analyst. They can also opt for the degree of Chartered Accountancy. Even social activists, media persons and politician seek help of economics terminology in raising their slogans. Administrators feel more comfortable if they are well-versed in economics terminology.
Graduates of Economics from our college have been appointed as accountants in nationalized banks and cooperative banks, teachers in schools, lectures in colleges, lawyers, enumerators in statistical Departments of Himachal Pradesh, invigilators in National Sample Survey Organisation and National Council of Applied Economics Research and investigators in CSO’s and even as Judicial Magistrates in Himachal Pradesh.
Talented and qualified faculty has been instrumental in the growth of the Department. Every year the college gets an overwhelming response for Economics at undergraduate level. In future too, the department would strive to maximize its achievements.