Semester I
Objective:
1. The objective of the paper is to develop an understanding of different concepts of microeconomics. Some concepts are : the economic problem: scarcity and choice, the role of assumptions, gains from trade, Supply and Demand, elasticity and its application, controls on prices, consumer
surplus, producer surplus.
Outcomes:
1. The students learn basic concepts of microeconomics which help them understand every other paper in economics.
2. Students understand how the concepts of microeconomics help them take economic decisions in real life
3. The paper helps students in understanding different market structures that exist in an economy.
Objectives:
1. Describe the relationship between sets regarding equality, subsets, proper subsets etc using proper notations.
2. Understanding the rule of differentiation and its application in economics.
3. Use integration analysis in economics.
Outcomes:
1. Explain the basic concepts, tools and techniques of mathematics and their use in economics.
2. interpret numerical results obtained from mathematical methods.
3. Apply mathematical techniques in the analysis of economic theories.
Semester III
Objective:
1. To develop an advanced theoretical understanding of consumer behaviour and decision-making. To develop a theoretical understanding of strategic behaviour of economic agents.
2. The objective of the course is to introduce the student with advanced modern microeconomic theory.
Outcomes:
1. On successful completion of the course, a student will be able to develop a sound understanding of the core microeconomic concepts that economists use to understand the process of decision-making by an economic agent(s). The student should be able to apply mathematical tools and techniques to study behaviour of economic agents. Besides students will be able to identify strategic behaviour of economic agents and formulate them in a game theoretic framework. They will be able to identify and analyse strategic interactions and explain negotiation and exchange between economic agents in game theory models. The students will be able to compute the outcome of normal form games, mixed strategy and sequential games.
2. After the completion of the course, students will be able to address economic issues related to uncertainty and risk in decision-making. The students will learn to understand how in the real world market contractual settings are characterized by conflict of interests as well as asymmetry of information among the individuals involved. Also, the students will develop an understanding of how negotiations made under asymmetric information conditions and how the sub-optimality problem can be addressed in economics.
Objectives:
1. To impart knowledge on statistical concepts like data collection, measures of central tendency & dispersion
2. To provide essential knowledge of the theory and key properties of probability
3. Understand the concept of time series & index numbers.
Outcomes:
1. Understand and have the basic knowledge on data collection and various statistical elementary tools
2. Possess critical thinking skills with regard to the theory of probability and its use in solving business and everyday challenges.
3. Use the tools of index numbers and time series to compare and analyse the datas.
Semester V
Objective:
1. To remember and understand the basic concepts and principles of macro economic policies.
2. To analyse the various concepts of money and supply of money and understand them through various theories and models.
3. To understand the function and working of fiscal & monetary policies, and also how central bank and commercial banks functions in the economy.
4. To create assignments and projects as per the knowledge gained in the syllabus.
Outcome:
1. The students will be able to remember and understand the basic concepts and principles of Macro Economic Theories.
2. The students will be able to understand the basic theoretical framework of the aggregate economy.
3. The students will be able to analyse and relate the macroeconomic theories to the real world.
Objectives:
1. To provide a framework for analyzing and interpreting economic data to better understand how the economy works.
2. To develop models of the economy, to test models’ accuracy in predicting population parameters, and to contribute to society through those models.
Outcomes:
1. Econometrics applies statistical methods that describe real-world phenomena and creates testable economic models. Econometrics is a subset of economics, applying statistics and mathematical techniques to “justify” a theoretical economic model with empirical rigor helping the students to understand theories and predict future trends with the help of quantative calculations.
2. This Paper focuses to convert qualitative statements into quantitative statements.
Objectives:
1. To familiarize the students with the present features of the Indian Economy.
2. To make the students understand the demographic features and growth distribution of India and a little on Nagaland demography.
3. To familiarize the students with the economic planning system, National Income and also the external sectors.
4. To acquaint students with the major policy regimes of government to resolve problems in agriculture, industry and service sector of India.
Outcomes:
1. The students will be able to evaluate the achievements and problems of agriculture, industrial and External sectors in India.
2. The students will be able to understands and explain the present features of the Indian Economy.
3. The students learnt about the planning system or NITI Aayog.
4. The students Identify the corrective measures taken by the government to improve agricultural marketing in India.
HONOURS FOUNDATION
- 7.7. ECO-102: Quantitative Technique-I
- 7.8. ECO-202: Quantitative Technique-II (Statistics)
- 7.9. ECO-302: Public Finance and Banking
- 7.10. ECO-402: International Economics
- 7.11. ECO-502: Economics Of Growth And Development
- 7.12. ECO-602: Economics Of Environment
GENERAL FOUNDATION
- 7.1. ECO-101: Micro Economics-I
- 7.2. ECO-201: Macro Economics- I
- 7.3. ECO-301: Macro Economics- I
- 7.4. ECO-401: Macro Economics- II
- 7.5. ECO-501: Indian Economy-I
- 7.6. ECO-601: Indian Economy II
In the 5th & 6th Semester, the students will take one additional compulsory Honours Paper- any one paper from 7.13 – 7.16
- 7.13. ECO-503 (A): Agricultural Economics
- 7.14. ECO-503 (B): Mathematical Economics
- 7.15. ECO-503 (C): Econometric Methods
- 7.16. ECO-503 (D): Industrial Economics
In the 6th Semester – any one paper from 7.17 – 7.21
- 7.17. ECO-603 (A): Demography
- 7.18. ECO-603 (B): Financial Institutions And Markets
- 7.19. ECO-603 (C): History Of Economic Thought
- 7.20. ECO-603 (D): Regional Economics
- 7.21. ECO-603 (E): Project
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The study of BA Economics helps students understand the Indian and global markets, firms, financial organizations, banking, public finance, and economic policy including taxation, trade, globalization, growth and development.
Tetso College has swiftly adapted the NEP-FYUGP syllabus structure for its 1st and 3rd semester students with the aim to empower them towards lifelong excellence. The current 3rd Semester students are transitioning from the previous CBCS structure to the current FYUGP system, while 1st Semester students are starting off with the FYUGP right away.
Tetso College is currently following the NEP-FYUGP syllabus laid out by Nagaland University (click to know more).