The PG Department of Economics had conducted a Bridge Course for I Semester MA Economics students. On the part of bridge course two day special lecture series was delivered by Dr. Kempe Gowda G N Assistant Professor in Economics, Government First Grade College, Thalakadu and Dr. Sarah Razack, Assistant Professor, Post Graduate Department of Studies In Economics, Maharani’s College for Women, Mysore on 22/02/2021 and 23/02/2021 on the topic of Fundamentals of Micro and Macro Economics and Quantitative Technique for Economics respectively.
OBJECTIVES OF THE INVITED LECTURE
- To restorative the basic economics knowledge to the students.
- To enlighten the importance of Micro and Macro Economics.
- To make clear the concepts of quantitative technique for economics.
- To get hands on experience on software usage for economics.
The day one invited special lecture was delivered by Dr. Kempe Gowda G N on 22/02/2021 on the topic of Fundamentals of Micro and Macro Economics. The day one session was attended by 13 students and session was informative and interactive. The resource person had an interacted with students very interestingly and he was shared his knowledge on basic problems of economics, law of demand, indifference curve analysis and structure of market etc under microeconomics and relating to Macroeconomics resource person discussed on the concepts of circular flow of income, national income accounting, GDP deflator, importance of Keynesian economics etc. And day one session was concluded by 12:30 PM.
The resource person for the session was Dr.Sarah Razack on 23/02/2021. The resource person focused on the topic of Quantitative Technique for Economics. On the day second 13 students were actively participated and the session was started by10:30AM.
Resource person focused on the fundamentals of mathematical and statistical techniques for economic analysis and also covered the concepts of functions and its types, constant, parameters, variables and models, estimation of national income and derivation of national income by expenditure method. The students got hands on experience on how to insert the mathematical equations to the software.
The application of differentiation and differential equations techniques were introduced. She also covered the application of matrix to solve the system of linear equations for the students. The resource person trained the student on the concepts of measure of central tendency, measure of dispersion regression, correlation and Index number. The resource person also enlightens the students regarding the conditions to apply the different types test for economic analysis etc. With the sharing of thoughts day two sessions was concluded by 12:30PM.
OUTCOME OF THE INVITED LECTURE
The special lecture sessions were knowledgeable and beneficial for the students to make clear and easy understand the economics concepts. Students gain the knowledge on quantitative techniques for economics and usage of statistical tools in economics. Students develop their ability to explain core economic terms, concepts, and theories and apply the concept of equilibrium to both microeconomics and macroeconomics. Identify key macroeconomic indicators and measures of economics change, growth, and development.