Department of Economics | Somaiya College of Arts and Commerce

Economics

About Department

The Department of Economics at K. J. Somaiya College of Arts and Commerce, established in the academic year 1960–61, has a distinguished history of over six decades in delivering quality education in economics. It combines academic excellence with a holistic approach to education, fostering intellectual growth, critical thinking, and professional development. Over the years, it has emerged as a dynamic hub for students aspiring to excel in the discipline of economics. The department offers both undergraduate and doctoral programmes, equipping students with theoretical, analytical, and applied knowledge aligned with contemporary trends in the field.

Objectives

To impart theoretical, practical and update knowledge in various disciplines of Economics.
To support and promote research activities and develop soft skills among the students through various programs which are necessary for career success.
To encourage the students to become an entrepreneurs.
To increase employability among the students.

Academic Programmes

The department offers two undergraduate pathways: Bachelor of Arts (B.A.) with a major in Economics and Bachelor of Commerce with Economics as a minor. Both programmes aim to provide a robust foundation in economic theory, quantitative techniques, and their real-world applications. The curriculum is designed in accordance with UGC guidelines and focuses on key quantitative and analytical areas such as Mathematical Economics, Statistics for Economics, and Econometrics, ensuring that students develop the technical skills needed in today’s data-driven economy.

Innovative Teaching-Learning Practices

The Department adopts interactive, student-centered pedagogies to create a vibrant learning environment. Teaching methods include classroom lectures, ICT-enabled sessions, group discussions, seminars, field studies, and blended learning through the college’s Learning Management System (LMS). A notable highlight is the certificate course in Stock Market Operations, delivered in blended mode to give students practical exposure to financial markets. Additionally, value-added courses like Commodity Markets and Stock Market Operations are regularly updated in consultation with industry experts to enhance employability.

To further support student learning beyond the classroom, the department has developed a repository of videos on case studies, numerical problems, and practical aspects of economic theories, available through the LMS. These resources enable self-paced and repetitive learning, particularly beneficial for students who find quantitative methods challenging. They also assist students preparing for competitive exams like CUET, JAM, and other postgraduate entrance tests at reputed institutions.Department is also having its own website “Somaiyanomics” managed by students under the guidance of teachers. Visit the website by clicking on the following link : ABOUT | Somaiyanomics

HOD and Faculty Profile

Sr.No.	Name	Designation	Link
01.	Dr. Shubhangi Patil	Head, Dept. of Economics, Assistant Professor Ph. D., M.A. in Economics, NET, B. Ed.	View Profile
02.	Dr. Mahendra Mishra	Assistant Professor Ph.D., M.A. (Economics), M.Phil., NET	View Profile
03.	Dr. Sunil Chandanshive	Assistant Professor Ph.D., M.Phil., M.A., NET, PGDFT, PGDCG	View Profile
04.	Mrs. Deepali Toraskar	Assistant Professor NET, SET, B.Ed., M.A. (Economics)	View Profile
05.	Dr. Flora Pandya	Assistant Professor Ph. D., NET, SET, M.A. (Economics)	View Profile
06.	Mr. Sumiran Garu	Assistant Professor NET, SET, M.A. (Economics)	View Profile

Faculty and Research Strength

The department is home to six dedicated faculty members, including two recognized Ph.D. guides: Dr. Shubhangi Patil (Head of Department) and Dr. Mahendra Mishra. The faculty actively engages in research, curriculum development, and mentorship, contributing to an academically rich and collaborative environment. The department is also a recognized center for doctoral research under the University of Mumbai, offering opportunities for scholars to pursue advanced research in areas such as development economics, international trade, and financial economics. Regular workshops on research methodology and academic writing foster a strong research culture among students and scholars.

Co-curricular and Extra-curricular Activities

The Department believes in holistic development and offers a variety of co- and extra-curricular opportunities through its vibrant Economics Association. The annual flagship event, Ecofest, is an intercollegiate festival featuring debates, quizzes, research paper presentations, poster-making competitions, and economic games, promoting teamwork, creativity, and subject-oriented engagement.

Students also benefit from industrial visits and field trips, which bridge the gap between theoretical knowledge and real-world practice. Workshops on data analysis, policy writing, and current economic issues are conducted regularly, with insights from experts in academia, government, and industry.

Academics

Programme

Syllabus

K J Somaiya College of Arts and Commerce, Vidyavihar Mumbai is premiere academic Institution with autonomous status having introduced the CBCGS (Choice Based Credit and Grading System) to cater the needs of the learner with a focus on learner centric curriculum. Curriculum is revised after every three years after obtaining the inputs from the alumni, industrial experts, subject experts and the teachers. In tune with the University of Mumbai's curricular structure, UGC guidelines and NAAC expectations regular designing and development of quality- based curriculum with local, regional, national and international relevance leading to excellence. The revision of the elective , core, ability enhancement and the interdisciplinary courses in under graduate as well as as post graduate program is undertaken after every three years. CBCGS with its rich and varied palette of courses opens up newer avenues of learning beyond the opted discipline across the departments.

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Activities

The Department regularly organizes various co-curricular activities through the Economic Association. The Department organizes Industrial Visits, Study Tour to RBI, BSE, SEBI & NSE, and Workshops, Guest lectures, Seminars, Exhibition, and various competitions like PPT presentation competition, Essay writing competition, Diagram making Competition, Mock Stock Competition, Quiz Competition, Poster making and Presentation Competition, Extempore Competition, Elocution Competition, Debate Competition etc. for all round development of the students. Department also organizes it annual festival “Ecofest” Department has also published its newsletter named “Fincredible” where students can get information about economic concepts, theories & its application in simple language.

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Student Achievements and Alumni Success

The department takes immense pride in the achievements of its students, many of whom have been admitted to prestigious institutions worldwide. Notable alumni include:

Sakshi Hirmath – King’s College, London

Aditya Hari – University of St. Andrews, Italy

Sanchal Bhatia – University of Birmingham, UK

Sambodhi Gaikwad – MSc Economics (Finance), University of Edinburgh, UK

Sahi Babhulkar – MSc Development Economics, University of Sussex, UK

Manan Anron & Dolish Jain – MSc Economics, Gokhale Institute, Pune

Several alumni have distinguished themselves professionally, holding positions such as Chief Economist at Larsen & Toubro, RBI Grade B Officer, Data Analyst at Deloitte, and faculty positions at reputed colleges like K. J. Somaiya and Mithibai College. Alumni have excelled in diverse roles — economists, policy analysts, data scientists, educators, and government officers — reflecting the department’s commitment to nurturing well-rounded and capable professionals.

The Department of Economics at K. J. Somaiya College of Arts & Commerce stands out as a vibrant, inclusive, and forward-thinking academic community. It offers students a strong platform for intellectual, personal, and professional growth through rigorous academics, research opportunities, skill-building initiatives, and co-curricular engagement. The department remains dedicated to preparing thoughtful economists, responsible citizens, and impactful leaders who can contribute meaningfully to society and the global economy.

Aspiring economists are warmly invited to join this enriching journey and make their mark on the world.

Students

Student Achievements

Miss Gouri Desai (SYBA)

Her article titled Role of technology in education got published in the e book Contemporary Perspectives in Management. (ISBN 978-81-952196-8-1)

Mr.Kathan Shah (SYBA)

Participated in Intercollegiate Student seminar organized by R.J.College

Miss Vidhi Jain (TYBA)

Published paper in Economic Challenger(International Journal Indexed Ebsco, USA, Peer reviewed with SJIF 2020 Impact factor 6.803) titled India’s Preparation for the Rollover to the 5G network

Miss Meghana Neelkantan (SYBA)

Published paper in Internaional Journal of Advanced & Applied Research(International Peer reviewed Journal) with ISSN-2347- 7075 Impact factor 7.328 titled Study of Automation in the Indian Banking sector

Mr. Shashank Tiwari (SYBA)

Presented paper at University of Mumbai in 16th Inter collegiate Research convention Avishkar titled on Declining birth rate & its effect on GDP of India

Miss Hazel Mathew (SYBA)

Presented paper in 6th International student research Conference inMarketing, University of Kelaniya, Sri-Lanka titled Quantitative Easing in the Context of Covid 19

Miss Gouri Desai (F.Y.B.A)

Got selected for final round of Research Paper competition at Ruia College Rajtarangini Festival.

Miss Shriya Tilak (F.Y.B.A )

Got selected for final round of Musafir Hoon Competition (travel profile) at Ruia College Rajtarangini Festival.

Miss Mahek Vasani (FYBA)

Presented paper on Impact of Covid 19 on Education and students behavior at Student Research National Level Conference on the theme of Covid -19 A new World Order organized by GNC Research Centre of Guru Nanak College of Arts, Science and Commerce.

Miss Gouri Desai (FYBA)

Presented research paper titled Business Ethics in India at the National Conference organised by MKMP College on 20 February, 2021. Her paper got published in Arhat Multidisciplinary International Education Research Journal. (ISSN 2278-65) Volume X, Issue II March –April 2021.

Mr. Gaurav Sunil Gotmare (TYBA)

Best Speaker at Inter-collegiate (Ruia College) event called Arthniti

Mr. Vishawajeet Katkar (SYBA)

Egypt Volunteer Internship