Economics

B A Economics is offered at the undergraduate level to equip students with the methodology and tools of economics and to prepare them for higher studies and for employment or employment-oriented programs. The B A program is a comprehensive and well thought out program designed on the basis of views of academicians, student community, parents and experts from industry.
The program covers areas like,

• The behaviour of individuals and firms and their strategic interactions.
• Production and consumption of goods and how wealth is created and transferred globally.
• Economic growth and development, the causes and effects of unemployment and inflation.
• Income distribution, markets, public policy design and implementation, sustainable development, management of the environment.
• Foreign exchange market, currency derivatives, international commodity and factor movements, stock markets and online trading.
• Banking and finance, Indian economy, econometrics, statistical methods and federal finance.

The curriculum of BA Economics is framed in the OBE platform with clear mapping of Course, Program and Program Specific Outcomes. As students from other subjects also take admission for B A Economics, the course usually starts with a bridge course. Assignments, seminars, workshops, student paper presentations, internships, carrier guidance, mentoring, civil service training, industry visits and soft skill training are also provided to enrich the student community.

M A Economics is offered for Post Graduate students. The program gives the students an opportunity to explore advanced topics in economics and emerging trends in the subject.
The program covers areas like,

• Advanced topics in Micro and Macro- economics, economic growth and development.
• Indian economy, International trade and Finance, Capital market and instruments.
• Public finance and policy, social sector, health and education, environmental economics, econometrics, statistics and research methodology.

Here the focus is more on student centric learning, guided learning, self- learning and research orientation. Industrial visits and internships give exposure to actual workplace to students. Training for NET examination, soft-skill training, project work, paper presentation and seminars are also part of the M A curriculum.

The Curriculum is designed and updated based on the opinions collected from academicians, industry experts and other stakeholders. The P G curriculum was framed in the OBE platform with clear mapping of Course, Program and Program Specific Outcomes.

Fundamentally human beings at individual and societal levels are facing the problem of satisfying unlimited wants with limited means or resources. Economics is a discipline that addresses this fundamental aspect of humanity. Resource limitation necessitates choices among alternatives that provide effective and optimal solutions. In addition to that economics evaluates solutions and alternatives in terms of efficiency, cost effectiveness, impact on current and future generations, environmental sustainability, and welfare consequences. The problem of decision making becomes extremely complex under different social, economic and market settings either because of inadequacy of sufficient amount of relevant information or because of inability of human brain to take rational decision in the presence of large volume of complex information. Information Economics addresses such issues. In addition to that we have to attain sustained growth with least adverse effect on environment and equitable distribution of the fruits of growth that ensures fair share to the people living in the lower layers of society. Elimination of poverty and unemployment are important issues addressed by economics to enlarge the choices of people and to allow them to develop to their fullest potential to contribute to the society and to themselves on one hand and add to the happiness at both personal and social levels. The present curriculum is designed by considering all these aspects and is making use of the OBE framework. It helps students to prepares for UGC Net examination and other competitive examinations as well as for employment, research and higher studies.

The department is an approved research Centre of M G university. The doctoral program follows the M G university regulations. It includes a course work covering three courses and a thesis work. The research scholars are required to present their research progress in the half-yearly research meet before a Body of Research Guides and External Experts.