INSTITUTE OF LANGUAGE STUDIES AND APPLIED SOCIAL SCIENCES
(ILSASS)

THE CHARUTAR VIDYA MANDAL (CVM) UNIVERSITY

AGEIS: CHARUTAR VIDYA MANDAL, VALLABH VIDYANAGAR

B.A. Applied Economics



Economics is very crucial subjects as it impacts each individual who are part of an economy. From business perspective, it helps to understand the nature and relation of production and other economic variable. Apart from the perspective of expertise in economics, government also recruits economists through Indian Economic service from their different economic department and foreign affair ministries. Moreover, Security and Exchange Board of India (SEBI), International Financial Service Centres Authority (IFSCA) and Department of Economic and Policy Research (DEPR) in RBI are some crucial institutions that requires persons with excellent economics understanding to take macro-level decisions. The course curriculum at ILSASS structured across 8 semesters is as follows:

Course Group Credits Course Title
Major 4 Principles of Micro Economics
4 Principles of Macro Economics
Other Discipline Specific Minor (Any One) 4 Introduction to Political Concepts
Introduction to Psychology
Introduction to English Prose
Principles of Mass Communication and Journalism
Multidisciplinary 4 Indian Constitution in Practice
Ability Enhancement Course 2 Language Skills
Skill Enhancement Course 2 Basic Computer Skills
Indian Knowledge System 2 Indian Ethos and Value System
Course Group Credits Course Title
Major 4 Intermediate of Micro Economics
4 Intermediate of Macro Economics
Other Discipline Specific Minor (Any One) 4 Government and Governance
Fields of Psychology
Analysis and Interpretation of Literary Genres
Theories and Models of Mass Communication
Multidisciplinary 4 Climate Change and Sustainable Development
Ability Enhancement Course 2 Communication Skills
Skill Enhancement Course 2 Advanced Computer Applications - MS Excel
Value Addition Course (Any One) 2 A Course on Liberal Arts – Painting
A Course on Liberal Arts – Photography
A Course on Liberal Arts - Media and Graphics
A Course on Liberal Arts – Music
A Course on Liberal Arts – Dramatics
A Course on Liberal Arts - Contemporary Dance
Course Group Credits Course Title
Major 4 Public Economics
4 Economics of Development
4 Mathematical Techniques in Economics
Multidisciplinary 4 Digital Marketing
Ability Enhancement Course 2 Business Communication
Skill Enhancement Course 2 Creativity, Problem Solving and Innovation
Indian Knowledge System 2 Indian Culture and Heritage
Course Group Credits Course Title
Major 4 Indian Economy: Structure and Issues
4 Economic Policy Analysis
4 Statistical Techniques in Economics
Other Discipline Specific Minor (Any One) 4 Introduction to Peace and Conflict Management
Applied Social Psychology
Reading and Understanding Fiction
Ability Enhancement Course 2 Corporate Communication
Skill Enhancement Course 2 Statistics
Value Addition Course 2 National Service Scheme
Physical Education and Sports
Course Group Credits Course Title
Major 4 Indian Financial System
4 Industrial Economics
4 International Trade and Economic Organisations
Other Discipline Specific Minor (Any One) 4 Introduction to Public Administration
Media Psychology
Myth, Folklore, and Narrative Forms
Understanding Cinema
Discipline Specific Minor 4 Economics of Rural Development
Skill Enhancement Course 2 Basic Research Techniques
Course Group Credits Course Title
Major 4 Regional Economics
4 History of Economic Thoughts
4 Environmental Economics
Discipline Specific Minor 4 Economics of Gender
Ability Enhancement Course 2 Personality Development and Soft Skills
Internship 4 Internship
Course Group Credits Course Title
Major 4 International Economics
4 Advanced Microeconomics
4 Banking and Financial Markets
Discipline Specific Minor 4 Human Development
Research Project in Major Specific (OR)
On-the-Job Training (OR)
Mass Media Project (OR)		 6 Research Dissertation
Fieldwork Practicum in JMC – I
Mass Media Project – I
Major 4 International Economics
SEC 2 Entrepreneurship and Start-up Basics
Course Group Credits Course Title
Major 4 Managerial Economics
4 Advanced Macroeconomics
4 Agricultural Economics
Discipline Specific Minor 4 Urban Economics
Research Project in Major Specific (OR)
On-the-Job Training (OR)
Mass Media Project		 6 Research Dissertation
Fieldwork Practicum in JMC – II
Mass Media Project – II
Major 4 Labour Economics
SEC 2 Indian Economic Development and Policies

Most of the Economics courses at ILSASS are completely theory-based papers. For internship the students would be placed in various state-level and national-level Institution and organizations.
Fifty percent of the minor courses are offered from other disciplines such as Psychology, Politics and International Relations, and English Language and Literature, and Journalism and Mass Communication providing Economics students flexibility to choose from a diverse list of subjects. The remaining fifty percent will consist of discipline-specific minor programmes designed to further strengthen the core Economics curriculum.
Also, students with eligible marks can opt for Research Dissertation in the 7th and 8th Semesters, whereas others can choose either research or complete a full-fledged theory-based papers with 4 credits. All three options will strengthen the students in practical application, critical thinking, and specialized skills, preparing them for successful careers in various research and academic institute as well as government bodies for economics policy formation and analysis. Moreover, it is also important to understand that the all the said position, there are certain mathematical and research abilities required which can be achieve through some added courses.
Thus, a career as an economist, researcher or academician offers a promising and dynamic path for individuals who are adventurous and willing to go beyond conventional boundaries to uncover and present the stories that truly matter to the world.

Programme Educational Objectives (PEOs)

1. Analytical and Quantitative Skills
Graduates will acquire the ability to collect, analyse, and interpret economic data using modern econometric, statistical, and computational tools for informed decision-making in public and private sectors.
2. Policy and Research Orientation
Graduates will be equipped to conduct economic research and contribute to the formulation, implementation, and evaluation of policies in various sectors such as health, labour, environment, finance, and trade.
3. Ethical and Social Responsibility
Graduates will recognize the ethical dimensions of economic decisions and demonstrate a commitment to inclusive growth, sustainability, and social justice in their professional practices.
4. Professional and Career Development
Graduates will be prepared for careers in academia, government, international organizations, NGOs, and business, and be capable of pursuing advanced studies or lifelong learning in economics and related fields.

Programme Specific Outcomes (PSOs)

PSO1: Understanding Core Economic Theories Students will comprehend and apply fundamental concepts of Microeconomics and Macroeconomics to understand individual decision-making, market structures, national income, inflation, and unemployment.
PSO 2: Application of Mathematical and Statistical Tools Students will develop the ability to use mathematical models and statistical techniques to analyse economic relationships and interpret economic data effectively.
PSO 3: Policy Analysis and Public Sector Evaluation Students will gain the knowledge to critically evaluate public policies, fiscal tools, and government intervention for efficient resource allocation and income distribution.
PSO 4: Development and Growth Perspectives Students will understand the theories and real-world challenges of economic growth and development, including structural change, inequality, and sustainable development.
PSO 5: Historical and Theoretical Awareness Students will explore the evolution of economic thought and learn to situate modern theories within historical and ideological contexts.
PSO 6: Global Economic Integration Students will be able to analyse international trade theories, balance of payments, exchange rate mechanisms, and globalization trends affecting national economies.
PSO 7: Financial System and Institutions Knowledge Students will understand the structure, functions, and role of financial institutions and markets in mobilizing and allocating resources efficiently.
PSO 8: Gender and Inclusive Economics Students will critically examine gender disparities in economics, labour markets, unpaid work, and public policy impacts on different genders.
PSO 9: Research and Field Skills Students will gain practical experience in designing research studies, data collection, and analysis, preparing them for evidence-based economic analysis.
PSO 10: Career and Higher Education Readiness Through internships and research exposure, students will develop skills necessary for careers in policy analysis, finance, academia, and development sectors, or for pursuing postgraduate studies in economics and related fields.