Course Review : HS101

HS101: Economics

~ by Sushant Pal

Disclaimer: The content of this page are opinions expressed by individual students. The information provided is for guidance purposes. Use the information at your own risk.

Credits

6

During which semester & year you took the course ?

Autumn Semester 2019

Course Instructor

Prof. Rama Pal and Prof. Neha Gupta

What grade was awarded to you?

AB

Course Difficulty (On a scale of 1 to 5)

2

Comment on the grading done by the professor in your opinion?

I feel it was rather strict and absolute

What was the Attendance Policy?

No DX enforced

Pre-Requisites?

None

This Course evaluation comprises of?

Quizzes(2), Mid-Sem, End-Sem

Microeconomics- Quiz 1(15%) and Midsem(35%)
Macroeconomics- Quiz 2(15%) and Endsem(35%)

What are the topics covered in the course?

Topics of Micro-Economics are covered in first half of the semester (tilll midsem).
Topics include Introduction to Economics, Demand and Supply, Elasticity,Government Policies, Consumer and Producer Equilibrium, Consumer and Producer Surplus, Theory of Production and Cost, Market Structure and Equilibrium.
In the later half, Macro-economics is covered. Topics include Measuring National Income(GDP), Cost of Living, Production and growth, Saving, Investment and Financial System, Tools of Finance, Unemployment, The Monetary System, Money Growth and Inflation.

How were the Lectures for this course?

This subject is new for most of the students and many of the students find the concepts really interesting, understandable and applicable in daily-life situations. Lectures sometimes become boring but you will have to pay attention because the concepts are entirely new for people of science background.

How were the Exams for this course?

Both Quizzes are entirely objective ( MCQs, one word answer, True/False)
Midsems and endsems contain MCQs as well Theoretical Questions.
Exams are not that tough but you should be having conceptual clarity, Questions are only from whatever is taught in the lectures and the Slides and the mentioned Reference. The answers for theoretical questions should not be ambiguous and need to be To-The-Point. The correction pattern is strict and the TAs strictly follow the Answer Key.

How are the Assignments & Projects for this course?

No Assignments and Projects were given for the course.

Any tips for the junta to perform well in the course?

Since the concepts are new you need to pay attention in lectures. Not missing classes will make the course easier. It is advised to write answers to theoretical questions in points and always draw diagram (basically a graph with extensive labelling of X and Y axes). Follow the reference thoroughly.

References used in this course:

Principles of Economics by N. Gregory Mankiw
Macroeconomics by Rudiger Dornbusch, Stanley Fischer and Richard Startz

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