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SOCIO ECONOMIC ENVIRONMENT (THEORY)
Paper Code:
CHSC 613
Credits:
04
Contact Hours:
60.00
Max. Marks:
100.00
Objective:
This course will enable the students to –
1. To familiarize the student with the changing socio-economic environment and consumer behavior.
2. To strengthen the financial management practices of the students for wise consumer behavior.
3. To develop an understanding of the types of markets, changing concepts of markets, changes in socio-economic environment, and marketing strategies from consumer’s perspective.
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Course outcomes
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Learning and teaching strategies |
Assessment Strategies |
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CO264: Outline the various dimensions of society and culture. CO265:Evaluate the various laws of economics and their utilization in day today life. CO266:Assess the methods of estimating National Income, working of the banks, value of money and tax system in India. CO267: Critically evaluate the major economic problems of India and their implications in society |
Approach in teaching: Interactive Lectures, Discussion, Power point presentations,
Learning activities for the students: Self-learning assignments, News- paper articles reading
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Class test, Semester end examinations, Assignments, Presentation, Individual and group projects |
12.00
Unit I:
Part l: Sociological Concerns and Orientation Unit l: Sociological Orientation
• Society, Culture and Institutions
• Family, Kinship and Relationships
• Social Groups and multiplicity
• Cultural diversity in contemporary life
• Appreciating Cultural pluralilty
12.00
Unit II:
Emergence of New Ideological Orientations
• Social mobility and social change
• Emergent Cultural Stereotypes
• Ethnographic approaches to the study of groups.
• Sociological Studies of Children, Youth and Women the aged: Empirical Problem & Frameworks
12.00
Unit III:
Introduction–Economic system, Consumption and production and distribution
• Definition, scope of Economics, Central problems of an economy
• Wants – Classification and Characteristics.
• Utility- Total Utility, Marginal Utility– Law of Diminishing Marginal Utility, Law of Equi-Marginal Utility
• Demand – Law of Demand, Elasticity of Demand-with emphasis on price elasticity.
• Engel’s Law of Consumption
• Consumer’s surplus- assumptions and criticism
• Supply – Law of Supply, Elasticity of Supply, equilibrium of Demand and Supply.
12.00
Unit IV:
Unit IV
• Types of Markets
• Types & functions of money, value of money – measurement of the value of money-Index number, inflation
• Types & functions of Banks
• Revenue – Concept, Total, Average and Marginal Revenue
• Taxation, Types- direct and indirect, proportional, progressive and Regressive taxes
• Features of International Trade.
• Factors of Production– land, labour and capital
12.00
Unit V:
Indian Economic Environment
• Structure of Indian Economy: Changing structure of Indian Economy.
• Constraints on growth: issues of population, income distribution, poverty, unemployment, inequality and migration, food security.
• Role, importance and organization of Indian Agriculture.
• Role, importance and problems of Indian industries
• Resent developmental programmes of the Government of India: Jana DhanaYojna, SarvaSikshaYojana.
• Planning: Features, objectives and achievement
Essential Readings:
1. Sociology: Principles Of Sociology With An Introduction To Social Thoughts P 2019 Rao C.N. Shankar. S. Chand Publishers
2. Contemporary Sociology: An Introduction to Concepts and Theories 2014 M. Francis Abraham Oxford University Press.
3. Rawat, H.K. (2007). Sociolgy: Basic concepts. New Delhi: Rawat Publications.
4. Ahuja H.L., 2010, Modern Micro Economics. Sultan Chand & sons
5. Dhingra IC and Garg VK, 2010, Introductory Economic Theory. Sultan Chand & Sons
6. Mishra &Puri, Recent edition 2014, Indian Economy, Himalaya Publishing House.
Suggested readings:
• Das, V. (Ed.) (2003) The Oxford companion to sociology and social anthropology:volume 1 and 2.New Delhi: Oxford University Press.
• Johnson, M.H. (2001). Sociology: A systematic introduction. New Delhi: Allied Publishers Limited.
• Rawat, H.K. (2007). Sociolgy: Basic concepts. New Delhi: Rawat Publications.
• Dhingra IC and Garg VK, 2010, Introductory Economic Theory. Sultan Chand & Sons
• Mithani D.M., 2010 New Edition, Macro-Economics. Himalaya Publishing House
• Sundaram K.P.M., 2010, Introduction to Economics. RatanPrakashan
References:
e- resources:
Journals:
INSPIRA- Journal of Modern Management & Entrepreneurship
Journal of Entrepreneurship
Academic Year:
