ECONOMICS

ABOUT THE DEPARTMENT

   Economics is one of the prominent subjects in Arts & Commerce. The Department started with establishment of the S.S.R.G Arts & Commerce College for Women, Raichurin the year 1970. Department of Economics has been proactive in its efforts to engage the students actively in the activities to inculcate analytical thinking and developing practical approach to complex and typical issues of their subject. The department continuously works for student progress in the field of economics and ensure their positive participation in for the betterment of the society. Various activities are organized to motivate the students to participate, explore and learn about current topics by active participation to provide creative environment for enhancing the subject knowledge.

VISION

• To maintain good academic standards upholding global ideals and moral values
• To create enlightened empowered and socially committed citizens.

MISSION

• To equip students with skills which make them competent.
• To create socially productive citizens.

COURSE OFFERED

B.A Program (Economics) and B.Com Program (Economics)

FACULTY WORKLOAD

STUDENT ENROLLED IN ECONOMICS

DETAILS OF INFRASTRUCTURE FACILITY

a. Library Facility:

There is departmental library with stock register, mainly catering to teachers. However, on essential basis, books are lent out to students from the needy family and slow learners, on requisition basis. However, what is to be noted, that the departmental library is only miniscule in size and strength and is only a very small support to the main Central Library, a well-equipped and very robust library that caters to both teachers and students at large

b. Internet facilities for staff and students:

Such facilities are provided centrally library in net browsing.

C .Class Rooms with ICT Facility:

Modern teaching methods practices and use of ICT in teaching-learning. The faculty members of the department do make use of modern teaching aids available in the college like LCD & Smart Board in addition to conventional chalk and talk method.

D.Language Lab Facility

E.Computer Lab Faciltiy

F. NO. of Books in Economics : 1344

DEPARTMENTAL ACTIVITIES

The Department of Economics can organize various academic and extracurricular activities to enhance students’ learning experience and engagement. Here are some ideas for diverse activities that can be beneficial:

1. Workshops and Seminars

• Special Lectures : Invite to speak on current economic issues, trends, and career insights.
• Skill-Building Workshops : Conduct a workshops on essential skills.

2. Field Trips and Industry Visits

• Visit to Financial Institutions : Arrange visits to central banks, stock exchanges, and financial firms for practical exposure.
• NGO and Government Visits : Expose students to economic roles in NGOs, government agencies, or international organizations (like the World Bank) to understand policy-making processes.

3. Study Groups and Peer Mentorship Programs

• Peer Tutoring : Pair upperclassmen with underclassmen for mentoring in economics concepts, exam preparation, and coursework help.
• Study Circles : Form small groups for students to discuss readings, debate ideas, and collaborate on assignments.

4. Alumni Networking Events

• Career Talks with Alumni : Invite alumni in various sectors to share their career experiences and offer advice.
• Networking Events : Host mixers where students can meet and interact with alumni, potentially opening doors for internships and job opportunities.

5. Research Projects and Internships

• Research Opportunities : Encourage students to collaborate on faculty-led research projects or design independent studies.
• Internship Programs : Partner with organizations to provide internship placements that complement the economics curriculum.

6. Community Engagement and Social Impact Projects

• Economic Literacy Programs : Develop outreach programs where students teach economic principles to local communities, schools, or non-profit organizations.
• Impact Assessments : Involve students in projects that evaluate the economic impact of policies or programs in the community.

Each of these activities offers students a different way to deepen their understanding of economics, build relevant skills, and make valuable connections within their field. Let me know if you want more details on any of these ideas!

B.A Program

Result Analysis for the Academic Year 2018-19

Level of Attainments

Result Analysis for the Academic Year 2019-20

Level of Attainments

Result Analysis for the Academic Year 2020-21

Result Analysis for the Academic Year 2021-22

Level of Attainments

Result Analysis for the Academic Year 2022-23

Level of Attainments

PROGRAMME OUTCOMES (POS) FOR ECONOMICS

PO1.Solid Foundation in Economics Theory and Practice:

Students will gain a thorough understanding of key concepts and theories in microeconomics, macroeconomics, development economics, international economics, and econometrics, equipping them with the foundation to analyze economic behavior and policy.

PO2. Analytical and Quantitative Skills:

Graduates will develop the ability to apply quantitative techniques such as statistical analysis, mathematical models, and econometric tools to analyze and interpret economic data, make forecasts, and solve economic problems.

PO3.Understanding of Economics Systems:

Students will gain a deep understanding of how different economic systems function, including market economies, planned economies, and mixed economies, as well as their social, political, and institutional implications.

PO4.Critical Thinking and Problem-Solving:

Students will enhance their ability to think critically, evaluate different economic models, and apply logical reasoning to solve complex economic problems in various contexts, from businesses to public policy.

PO5.Policy Analysis and Evaluation:

Graduates will develop the ability to analyze and evaluate economic policies, assess their effectiveness, and recommend policy changes to address issues such as inflation, unemployment, poverty, inequality, and sustainable development.

PO6.Research Skills:

Students will be able to conduct independent research, utilizing appropriate economic theories and methodologies to collect, analyze, and interpret data in order to generate insights into economic issues.

PO7.Global and Local Economic Perspective:

Graduates will have a broad understanding of both global and local economic issues, including the impact of globalization, trade, and international finance, as well as the specific challenges faced by different economies and regions.

PO8.Ethical and Social Awareness:

Students will understand the ethical implications of economic decision-making and policy formulation, particularly regarding issues like inequality, environmental sustainability, and social justice.

PO9.Communication Skills:

Graduates will be proficient in communicating economic concepts and research findings in a clear and coherent manner, both orally and in writing, to various audiences, including policymakers, businesses, and the public.

PO10.Leadership and Teamwork:

Students will develop the ability to work effectively in teams, manage projects, and demonstrate leadership in collaborative settings, as well as the capacity to take initiative and solve problems independently.

PO11.Technological Proficiency:

Students will gain proficiency in using modern data analysis tools, software (e.g., Excel, Stata, SPSS, R), and digital platforms for economic research, simulations, and data visualization.

PO12. Entrepreneurial and Business Skills:

Graduates will develop an understanding of business economics, entrepreneurship, and the functioning of firms and markets, preparing them to analyze market trends and contribute to business strategy and decision-making.

PO13.Lifelong Learning and Professional Development:

 Economics students will cultivate the skills necessary for continuous learning, keeping abreast of new economic theories, trends, and technologies, and will be prepared to pursue further studies or professional certifications in economics or related fields.

PO14.Sustainability and Development Focus:

The programme will emphasize the importance of sustainable development, exploring economic solutions to environmental challenges, social inequalities, and the role of economic policies in achieving long-term sustainability goals.

Photo Gallery of Workshops

SWOC analysis of the Department and future Plan

1. Strength

• Qualified, motivated and Competent Faculty with a blend of high experience and young and energetic dynamism.
• Supporting weaker students through remedial & tutorial classes
• Effective use of ICT in teaching learning process.
• Departmental library with sufficient number of books.
• Supporting weaker student with study materials and financial help.
• Good infrastructure.
• Consistent & good pass percentage.
• Supporting weaker students through remedial & tutorial classes

2. Weakness

• There is no or little desire for obtaining BA in Economics among the new pass-outs from the Higher Secondary Schools because they think that economics is a very tough subject.
• Poor Communication Skill (Verbal& Non–Verbal).
• Limited Job opportunity.
• The socio-economic background of many of the students.
• Deteriorating student strength.

3. Opportunities

• To train and counsel students to become more employable.
• Improving enrolment.
• Communication and other life skill development programs for students.
• Exploring the starting of new Job-oriented courses.

4. Challenges

• To make economics as an interesting/ potential subject among the rural local students.
• More drop out due early marriage and poor economic background.
• Attracting qualitative students because there are 4 degree colleges in the city headquarter.

FUTURE PLAN

• The department is working under rules and regulations of the authority. However, the department sorts out the plans for the future development of the department.
• To make the students efficient for higher study.
• To train the students for job opportunities (Career Counseling) during the last semester
• Use of ICT tools in most of the classes.
• Study Materials and online classes to support major students.
• To conduct a national seminar aWorkshop/Seminar for Economics students.
• Special Lecture.
• Internship/Project Work.
• Industrial Visit/Field Visit.
• Celebration of all Economics National/International Days.
• Organized Guardians’ meet for interaction and suggestions.
• To introduce more no. of experiential learning activities to develop analytical skills and
• promote creativity among the students.