Department Of Economics

Department of Economics

Economics is the study of how societies use scares resources to produce valuable commodities and distribute them among different people. The course, B.A. in economics includes courses like micro and macro-economic theory,Indian economy, public economics, monetary economics, mathematical economics,econometric methods, environmental economics, developmental economics etc. These courses provide the fundamental skills that are essential in terms of the theoretical and empirical cum practical aspects of the discipline. The programme is able to demonstrate the following learning outcomes which are course specific and programmed specific outcomes.

Course specific outcome

1. To enable students in acquisition of economic aspects of modern society, to make themfamiliar with techniques for the analysis of contemporary economic problems and to develop an ability to exercise judgement in evaluating public policies in the students.
2. To develop strong numeracy and statistical skills
3. To enhance analytical ability of students. In other words, to enable the students to analyze the complex data sets.
4. To prepare the students to work in different fields like civil service, Indian economic service,planning and administrative department, banking, multinational corporations etc.
5. To enable the students to acquire various skills which they can use to deal with their real-life situations. i.e., how to manage unlimited wants with limited resources.

Program specific outcomes

The subject Economics is highly applicable to many fields and not limited to only one career. An economics degree boost employability in many areas. Because of widely transferable analytical and problem-solving skills developed by economics students, careers in economics are extremely wide ranging and diverse.The different aspects of careers for economic students are as follows

1. Careers in the public sector are often involved in public taxation, transport, commercial and waste services, public enterprises, energy and other forms of government spending etc.
2. Career in civil services such as- Indian administrative services, Indian economic services etc.
3. The private companies provide wide opportunity for employability including investment, healthcare, multinational companies.
4. Jobs in financial sectors Insurance corporations like LIC, Kotak Life Insurance etc. and in private and public sector banks are accessible for economic graduate students.
5. Financial risk analyst, investment analyst, economic consultant, financial planner in different national and international companies.
6. Entrepreneur or businessman in production of various goods and services.
7. Academic jobs in public and private sector like college teachers, school teachers etc and other governmental jobs.
8. Employment in small and medium scale industries in the fields of production, marketing, sales etc.