Conferment of Autonomous Status by UGC
PO1: Apply the knowledge of monetary economics in understanding the functions of money and working of banking and money market sectors.
PO2: Make use of the micro economics theory to understand individual consumer and producer’s behaviour with the change in price, demand and supply.
PO3: With the use of fiscal economics the tax structure and methodology of taxation of the nation is understood.
PO4: Macro economics study help the students understand the aggregate changes in the economy like Inflation, unemployment and GDP etc.
PO5: Apply the knowledge of Indian economy to understand the importance of various sectors and think development levels.
PO6: Studying economics help the students understand the socio economic conditions of human beings and ways and means to adjust with the changes in economic trends.
PSO1: Understand the behaviour of Indian economy and its components.
PSO2: Gain knowledge of macroeconomic policies of the government and its impact on the Indian economy. For example the policy changes in the present budget and its impact on industry, agriculture and individuals are studied. Step taken by the government are explained to the students.
PSO3: The outcome of studying the subjects like Indian economic development enlighten the students in the field of poverty level, agricultural development of the nation.
PSO4: The knowledge gained in the area of self sufficiency in food production make the students think and analyze why self sufficiery is not reached and other sectors like Industrial sectors.
PSO5: The study of structure of 5 year plans, annual budget, economic plans and objectives are highly informative for the students to understand the role of each and every individual’s responsibility to contribute to the development of the country.
CO1: The students are able to ascertain the economic changes in the country.
CO2: The change in GDP level i.e. either increase or decrease indicates the growth ratio of the country. The students are able to compare their present economic status which is due to change in GDP rate.
CO3: The steps taken by the government, for example demonetization, had a greater impact on all kinds of people. The students are able to relate the monetary policy of the government and understand the reason for taking such a drastic measure.
CO4: The subject fiscal economics help the students to understand the tax structure and each and everyone’s responsibility to contribute to the nation for making the resource for budgetary allocation. The change in tax structure like GST is understood by the students and they also understand the methods of implementation and its impact on their day to day economic activities.
CO5: The students understand the reasons for farmers’ restlessness and agitations due to failure in agriculture production such as the monsoon failure. This has created an impact on the students to protect the environment, consume water and a forestation through these steps they are taking initiative in protecting the environment.
CO6: The policy of globalization helps the younger generations to create more employment. The students through learning international policy and the role of MNC are able to identify the domestic industries are very badly affected. The availability of foreign goods takes away the profits. Through this policy of hire and fire by MNC, there is no job security for the youngsters.
The attainment of PO, PSO and CO is measured by tests and examinations. Tests include written tests and oral tests. Year end semester examinations are conducted by the University of Madras. The student’s performance in the tests, examinations, assignments, seminars and co-curricular activities are helpful in measuring the attainment. The students’ personality, leadership qualities and team sprit are treated as implicit indicators of attainment of PO, PSO and CO.
The students make high levels of attainment of PO, PSO and CO PO: Become economic advisors, economists and lawyers.
PSO: Get employment with financial institutions, marketing and insurance sectors and become legal practitioners
CO: Attain the ability to interpret state and union budgets, construct economic plans and interpret different schools of economic thoughts.