A. Detail of Courses :
B. Add On/ Value Added Course (Certificate Courses)
||Subject code and Title
||BECO-101, Economic Theory
||BECO-202, Money, Banking and International Trade
||BECO-303, Public Finance and Statistics
||BECO-404, Indian Economy and Economy of Arunachal Pradesh
||BECO-505, Micro Economic Theory
||BECO-506, Macro Economic Theory
||BECO-507, International Economics
||BECO-508, Basic Mathematics and Statistics
||BECO-609, Monetary Economics and Financial Institutions
||BECO-610, Development Economics
||BECO-611, History of Economic Thought
||BECO-612, Issue of Indian Economy
Programme Specific Objective
||Course/ Paper Title
||Basic Human Rights
||The objective of this paper is to examine the development of the concept of Human Rights at different stages of human civilization, problems, violation and protection of Human Rights.
||This course intends to instill the theoretical and practical knowledge on the working of Indian Parliament and to constitute similar model in the college known as ‘Bosconian Parliament’ to discuss some important issues related to our college or any burning issues.
Semester - I
- The students will learn about the local as well as national level problems and their possible solutions
- The syllabus provides adequate treatment of both micro and macro level working of the economy.
- The syllabus contains analytical tools which will equip the learners to analyze in the context of the national and global problem and identify their solutions.
- In the globalized world the students will learn about the usefulness of the opening of the domestic economy to international competition so as to enhance their efficiency level and their innovativeness.
Semester - II
- Analyze, evaluate the factors affecting firm behaviour, such as production and costs.
- Explain the role of scarcity, opportunity cost, and human wants.
- Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.
- Know the concepts of national income, consumption function, saving function, multiplier, marginal propensity to save to consume, the income, employment and output determination according to Keynes.
Money, Banking and International Trade.
Semester - III
- Explain the transaction approach and cash balance approach of quantity theory of money.
- Explain the difference between barter and money economy.
- Describe the process of credit creation of a commercial bank and explain the functions of commercial bank.
- Explain the various functions of central bank and RBI.
- Describe the function and objective of specialized banks (IDBI and NABARD)
- Describe the concept of money supply and its components.
- Explain the meaning the type of inflation, theories of inflation and inflation.
- Evaluate the monetary and fiscal policy that how it can control inflation.
- Understand the nature and scope of international economics; explain the Ricardo’s theory of international trade
- Explain the different concepts of terms of trade.
- Explain the structure of BOP, disequilibrium in BOP, causes of disequilibrium.
Public Finance and Statistics.
Semester - IV
- Differentiate between public finance and private finance.
- Explain the theory of principle of maximum of social advantage
- Explain tax and non- tax revenue, differentiate between direct and indirect tax, explain shifting of taxation and effects of taxation
- Describe the Wagner hypothesis and causes of growth of public expenditure
- Explain the Canons of taxation and expenditure
- Describe the effects of taxation on production and distribution.
- Describe the effects of public expenditure.
- Explain the types of public debt and how debt is repaid.
- Explain the main objectives of fiscal policy
- Describe the government budget and types of budget deficit.
- Explain the principles of Taxation: Ability to Pay and Benefit approach of taxation.
- Describe the contra cyclical fiscal policy
- Explain the sources of data, collection of data and tabulation.
- Explain and calculate the measures of Central Tendency and Measures of dispersion.
Indian Economy and Economy of Arunachal Pradesh.
Semester - V
- Develop ideas of the basic characteristics of Indian economy, its potential on natural resources.
- Understand the importance, causes and impact of population growth and its distribution, translate and relate them with economic development.
- Grasp the importance of planning undertaken by the government of India, have knowledge on the various objectives, failures and achievements as the foundation of the ongoing planning and economic reforms taken by the government.
- Not only be aware of the economy as a whole, they would understand the basic features of Arunachal economy, sources of revenue, how the state government finance its program and projects.
Micro Economic Theory.
- Grasp and able to comprehend how is the consumer behaviour affected with the changes in some factors like price, income and related goods.
- Know the difference between the normal goods, inferior goods and giffen goods.
- Could measure the elasticity of demand and supply.
- Could also point out when will be the equilibrium given demand and supply of the goods.
- Be able to understand simple mathematical problems on cost function.
- Should be able to distinguish the different market structures.
- Should have some basic understanding on the theory of distribution.
Macro Economic Theory.
- Compute different measures of macroeconomic activity such as the national income accounts, inflation, unemployment, relation between unemployment and inflation and evaluate the shortcomings of traditional economics measures.
- Evaluate and compare classical theories and Keynesian theories.
- Evaluate the monetary and fiscal policy that how it can be used to achieve policy goals like how to control inflation and stagflation.
- Analyse the forces that affect the aggregate level of economic activity.
- Evaluate the real and monetary sectors of the economy and derive IS and LM curve.
- Explain the IS-LM model and the relative effectiveness of monetary and fiscal policies.
- Evaluate the theory of investment and explain the Marginal Efficiency of Capital.
- Explain the Acceleration Principle and interaction of Multiplier and Accelerator
- Students will be able to learn the different classical theories and their contribution towards the development of international trade as a separate course in economics science.
- Students will be able to learn the modern theories of international trade
- Students will be able to learn different concepts of terms of trade and gains from international trade.
- Students will be able learn about theories of different commercial policies such as different methods of trade protections, restrictions and economic Integration policies.
- Students will be able to learn about Foreign Exchange policies and determination of foreign exchange rate.
- Students will be able to understand the concept of Balance of Payments and its different accounts.
Basic Mathematics and Statistics.
Semester - VI
- Explain and calculate sets, limit and continuity of function and coordinate geometry.
- Explain and calculate calculus, use basic rules of differentiation, partial and total differentiation and also apply the calculus in elasticity of demand,derivation of marginal function, inter-relationship among total, marginal and average function and application of consumer and producer equilibrium.
- Explain and calculate the measures of central tendency and measures of dispersion.
- Understand and calculate correlation and its properties, regression and its properties, estimation of regression line and index number.
- Describe the concept of probability, statistical and α-priori probability, describe discrete and continuous random variables, describe and calculate mathematical expectation, and describe, binomial distribution and its properties.
Monetary Economics and Financial Institutions.
- Students will be able to understand the basic concept of money supply such as measurement of money supply, components and sources of reserve money, etc.
- Students will be able to understand the concept of money demand and different theories associated with demand for money in economic history.
- Students will be able to learn about different structures, functioning, control of banking system in India which includes commercial banks and reserve banks.
- Students will be able to learn about different financial institutions and their regulatory bodies in India.
- Students will be able to learn about different macroeconomic policies adopted to maintain internal and external balances in an open economy.
- Can explain inequalities between rich and poor countries, how the differences have evolved over time and how other measurements of quality of life correlates with per capita income.
- Can explain the concept of growth. c) Has knowledge of different measurements of poverty and inequality, and pros and cons of the different measurements. The student shall understand different characteristics of world demographics and explain how population growth affects other economic circumstance
History of Economic Thought.
- Students will be able to learn about the contribution of earliest economic thoughts towards the development of history of economic thought such as Mercantilists, Physiocrats and Adam Smith.
- Students will be able to learn different ideas and thoughts offered by different eminent peoples such as David Ricardo, J.B. Say, Prof. Malthus, etc. On economic welfare of the state.
- Students will be able to learn about the ideas and thoughts of different socialists (Karl Marx, Robert Owen and Proudhon etc) on overall growth and development of the society.
- Students will be able to learn about Indian Economic Thought specially the Kautilya’s Arthasastra and Modern Indian economic thoughts by Dada Bhai Naoroji, Ranade, Gokhle and Mahatma Gandhi.
Issues of Indian Economy.
Add On/ Value Added Course (Certificate Courses)
Semester V and VI
- Evaluate the pre-independence Indian Economy; explain the land tenure in British India, decay of Indian industries during company rule, beginning of modern infrastructure and industry, railway, telegraphs, and spread of higher education.
- Understand Basic Features of Indian economy: Trend and Composition of National Income and Per Capita Income, Occupational Distribution, Basic Demographic features, Increasing Importance of the Tertiary Sector: Trend and Composition within the Tertiary Sector.
- Study Poverty and poverty alleviation programme and Unemployment: Conceptual and Measurement Issues – the Indian Situation
- Understand Role of Agriculture in Economic Development: Barriers to Agricultural Growth; Land Reforms in India – Rationale, Measures and Impact; Green Revolution and Indian Agricultural Growth; Food Security and Public Distribution System.
- Understand Role of Industries in the Development Process: An overview of the India’s Industrial Progress – Overview of the Industrial Development Strategy before Reforms, Industrial Policy of 1991 and Liberalization.
- Understand role of economic planning in India: its objective, strategy of Indian planning, regional disparities- indicators, causes, and extent and policy measures.
- Evaluate economic reforms since 1991.
The Basic Statistics & Business Mathematics.
- Students were able to understand how to collect the data by using various sources (primary and secondary sources) and methods (survey method, questionnaire method etc,).
- Students were able to organized or classify the data by using different methods of classification systematically.
- Students were able to tabulate the collected data as per their needs.
- Students were able to present the collected and tabulated data systematically and delightfully.
Dr. Prafulla Rajbanshi
Dr. Dipali Bosumatari
Mr. Fastar John Nongsiej
- Organizing the Departmental Seminar for Final Year Student.
- Observation of important National and International Economics Events.
- Classroom with ICT facility
- To encourage faculty members who are yet to register for Ph.D.
- To use smart classroom with IT facilities in teaching-learning process.
- To encourage students to participate in co-curricular within and outside college.
- Exchange programmes for staff and students.
- Remedial Classes on ‘Basic Mathematics and Statistics”.
- To introduce one more certificate course for the final year student.
- To observe International World Home Economics.
- To conduct 9th Departmental Seminar.