Economics | Economics

Economics

Bachelor of Arts | B.A.

The Department of Economics was instituted in 1960. The department offers B.A. and B.COM, a three years duration semester based course. It has made a qualitative contribution in research activities and education in the field of economics since its initiation. Presently, Mrs. Jayshree Kotak is the Head of the Department; specializing in International Economics, Money Banking and Industry.

Departmental strength also consists of six assistant professors, among them four are the Doctor of Philosophy (Ph.D.) specialized in various areas of economics. Our department strives to reach standard of excellence in teaching and research activities. Teaching faculties of the department allocate projects and guide on different economic related issues. Department offers six papers in TYBA including Econometrics and Mathematics which make the course more practical and skill oriented. Our department has special cabin which helps students in group learning.

The Department offers Graduate Degree Courses:
  • B.A.- Degree in Economics (Three year- Semester system)
  • B.Com. Degree (Three year- Semester system)

 

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Objectives

Economics is the Queen of the Social Sciences. It helps nation to find out the root cause of all economic problems and reasons for downfall of growth rate. It also helps to identify solutions in the form of policy measures that encourage prosperity maintain sustainable growth and development. Knowledge of various policies such as fiscal policy, monetary policy, foreign exchange and trade policy helps students to understand to find out the reason for changing demand and supply, productive capacity of product and labour. Students can understand various reasons of phases of trade cycle and volatility in stock exchanges.

Economists and economics experts are at the heart of the business world and financial consulting. Economics graduates can find positions in large and medium-sized organizations where economic research is required. The role of an economic researcher requires in-depth knowledge of economic theories and models, thorough analytical and problem-solving skills and mathematical ability. Financial consultants in the area of economics would fill similar roles but may work for multiple clients instead of just one organization, producing reports and advising on business strategy. Up-to-date industry knowledge and awareness of corporate finance is essential in these roles. Economic students have employment opportunities in the following fields.

  • Economist
  • Financial risk analyst
  • Data analyst
  • Financial planner
  • Financial consultant
  • Pricing analyst
  • Investment analyst
  • Actuary
  • Economic officer
  • Research Assistant
  • Research Officer
  • Indian Economic Service (IES)
  • Editor / Proof readers in research journals
  • Probation officer in banks
  • Academic positions: Teacher / Professor
  • Public sector roles - public taxation, transport, commercial and waste services, energy etc.
  • Authors and editor in financial newspaper like mint, Hindu, financial express etc.

Economics Association

Since 1960, Economic association has been a part of Economics Department. The main objectives of this association is to develop the reasoning, evaluating, research and analytical skills and overall personality of students by providing platform and encouraging them to participate in various activities conducted by the department.

Activities are conducted every year by the department. Guest Lectures, Essay Writing Competition, Poster Making and Presentation Competition, Economics Diagram Making Competition, PowerPoint Presentation Competition, Mock-Stock Competition, Quiz Competition, Study Tour to Bombay Stock Exchange, National Stock Exchange and RBI Museum & Industrial Visits

Eminent Alumni

Courses

First Year (Semester- I)

Objective of syllabus is to make students to understand Micro economics which includes Basic concept, Consumer's Equilibrium and various concepts of Cost and Revenue.

First Year (Semester - II)

Objective of syllabus is to make students understand Production Function, Producer's Equilibrium, Market structures, Pricing Methods and Market Failure.

Second Year (Semester- III)

Basics of Macroeconomics, Consumption, Investment and Employment, Money, Money Supply and Demand for Money, Inflation.

  • Focuses on National income, Per capita income, Agriculture growth, productivity and causes of farmers suicide, Industrial growth and MSMEs sector, Service sector growth.
  • Policies on MGNREGA, Pradhan Mantri Awas Yojana (PMAY), Pradhan Mantri Gram Sadak Yojana, Pradhan Mantri Ujjwala Yojana, RERA act, Beti Bacchao Beti Padhao, Swachh Bharat: Provision of Toilets.
Second Year (Semester- IV)

Main objective of syllabus is to create awareness about Indian Banking System and recent reforms that took place in banking system, Public Finance and Allocation of Resources in Federal System.

Syllabus deals with Impact of Demonetisation on Indian Economy, foreign trade policy 2014 onwards, Depreciation of Indian Rupee 2017 and BIMSTEC (Bay of Bengal initiative for Multi-Sectoral Technical and Economic Cooperation.)

Third Year (Semester- V)

The Course deals with the areas of Microeconomics course covers microeconomics at an advanced level including Decision Making and Game Theory, Oligopoly Models, General Equilibrium and Social Welfare and Information Economics to give an analysis of the modern- day market.

The paper aims at introducing concepts, theories and policies regarding growth and development. The syllabus is framed to create awareness about technology and environmental degradation and its impact on human development.

The post globalised period has brought about remarkable changes in the Indian financial sector. The purpose of this paper is to acquaint students with the working of the financial system and the recent changes that have taken place in the financial market. Students can understand the operations of monetary policy and its effect on banking system and different financial services available in the market.

The course deals with microeconomic applications and derivative, linear algebra, measures of central tendency and variation and elementary probability theory.

The objective of this course is to impart a basic understanding of econometrics. The student will be able to appreciate the theoretical and analytical basis of the subject. At the same time, it will enhance the student’s ability to apply the theoretical techniques to the research problems using R software.

The objective of this paper is to make students understand the importance of Indian economic thoughts. Paper also explains contribution of economic thinkers like Gokhale, Dr. Ambedkar and Prof. Amartya Sen.

Third Year (Semester- VI)

The Course deals with areas of Macroeconomics. It also deals with IS- LM model, Theory of International trade, Foreign Exchange market and Public Economics.

The aim behind introducing this paper is to explain classical and modern theories of development. The paper also includes theories and issues related to population, poverty, human resources and Urban and rural aspects. It also covers international aspects of development.

The purpose of this paper is to acquaint students with the working of the Indian financial market and recent changes that have taken in this market. This paper explains function of money market, capital market, Global capital market, Financial instruments and Derivative market.

The course deals with multivariate functions, integral calculus, correlation and regression and index numbers and time series analysis.

The course deals with econometric modeling, diagnostic testing, forecasting and linear programming using R software.

This course explores changes in the organisation of production, labour market institutions and corporate structure. It goes on to study the consequences of globalization, especially of financial flows, for the role of the state, economic performance, gender issues, environment, human welfare and development.

Graduate Attributes

  • Research-based Academic excellence
  • Career Oriented
  • Leadership Qualities
  • Creativity and originality
  • Critical, independent and Analytical Thinking
  • Problem Solving Skills
  • Theory into action
  • Entrepreneurial skills.
  • Interdisciplinary approach
  • Strong presentation & communication skills
  • Empathy
  • Environmental Sensitivity
  • Engagement with the Society