The four member department is 60 years old! It caters to students in the Commerce and Social science streams and offers a full majors programme in the final year of BA only to the best. A vibrant Economics Association of the Department funded and managed by past and present students has just completed twelve years of existence. It organises inter class seminars, book reviews, film shows, talks and lectures by scholars, industry experts, bankers, ex students, and participates in inter College Festivals . We have never had a failure in the graduating year and more than 60% of our students graduate with a first class.

The Department of Economics is as old as the college which was established in 1948. It is a four member department. The department has been catering to students in the Commerce stream along with the Humanities stream since 1980. The first head of the department was Mr. Gajra followed by Mrs. Maya Mirapuri, Dr. Harver and now Mrs. Adarsh Suri. We have never had a failure in the graduating year and almost 80% or more of our students have been graduating with a first class.

 

Information about the department

The Department of Economics caters to students in the Commerce and Humanities streams and offers a full majors program in the final year of BA only to the best. The syllabus taught by the faculty includes 9 papers of economics at the BA level and Business Economics at the B Com level. It also efficiently runs a vibrant Economics Association. Most of the faculty members have held and are currently holding very important positions in the University of Mumbai. They are with the Board of Studies, on the Syllabus Committee, and are Chairperson, Moderators, Examiners and Paper Setters for the University Examination. The faculty members also take lectures for the unaided courses such as BBI, BMS, BAF, etc.

 

Activities of the department

Economic Association

Objectives:

• • Make the subject interesting by taking learning out of the classrooms.
• • Develop the overall personality and confidence of the students.
• • Build organizational skills
• • Inculcate team work

Annual Activities:

• • Two intra department seminars
• • Guest lectures
• • Movie / Documentary viewing
• • Paper presentation
• • Debates/ Quiz
• • Field trip
• • Participation certificates for all events

Structure:

• • Democratic - run by students, for the students and of the students.
• • Office bearers have a one year term
• • Certificates given to office bearers on successful completion of term.

Future objective:

• • To increase activities
• • Student participation through greater motivation.

Our USP

"Add economic value in everything we do"

 

Contact us 

Dr. Anuradha K Siddiqui
Email: - a_kalhan@rediffmail.com

Faculty - Dept. of Economics - Senior College

• Dr.Anuradha Kalhan Siddiqui – Head of the department
  
  Reader Economics
  M.A. Ph.D. Mumbai University
  Economics (Labour Economics, Industrial Economics, Monetary Economics)
  
  
• Sarita Jai Shankar – Assistant Professor
  M.A., Delhi School of Economics
  Econometrics, Statistical and Mathematical Economics, Transport and Infrastructure, Money and Finance, International Economics.
  
  
• Vaidehi S Dhamankar - Assistant Professor
  M. A., School of Social Sciences, Gujarat University
  Labour Economics, Monetary Economics, Theory of Value, International Economics
  
  
• Mousumi Mazumdar - Assistant Professor
  M.A, University of Mumbai
  Monetary Economics, Financial Economics, Development Economics, Public Economics.
  

F.Y. B.Com.

BUSINESS ECONOMICS – I

SEMESTER‐ I

Module – I - Demand Analysis
Demand Function and determinants of demand – Concept and Importance of Elasticity of Demand: Income, Cross and Promotional – Consumer’s Surplus – Demand Forecasting: meaning, significance and methods – Case Studies. (15 Lectures)

Module – II - Theory of Production and Cost
Production function; Short Run and Long Run – Law of Variable Proportions – Iso‐quants – Producer’s Equilibrium – Returns to Scale – Economies of Scale – Case Studies. Cost Concepts: Social and Private costs, Economic and Accounting Costs, Fixed and Variable Costs, Opportunity Cost – Behavior of Cost Curves: Short Run and Long Run – Producer’s Surplus ‐ Case Studies. (15 Lectures)

Module – III - Revenue Analysis
Revenue Concepts: Total Revenue‐ Average revenue and Marginal Revenue under Perfect Competition and Monopoly – Objectives of a Firm: Profit, Sales and Growth Maximization – Types of Profit – Break‐Even Analysis – Case Studies. (15 Lectures)

SEMESTER‐ II

Module – I - Market Structure
Short‐run and long‐run equilibrium of a firm and Industry under perfect competition – Sources of monopoly – Short‐run and long‐run equilibrium of a firm under monopoly – Features: Monopolistic Competition and Oligopoly – Case studies (15 Lectures)

Module – II - Pricing Practices and Market Failure
Pricing Practices: Price Discrimination, Dumping, Marginal‐cost pricing, Cost‐plus pricing, Multiple‐product pricing. Market Failure: Concept of market failure and inefficiency (Productive and allocative inefficiency using PPC) – Causes of market failure (Public goods, Market power, Externalities , Information asymmetry and Equity) – Government intervention and market efficiency – Case studies (15 Lectures)

Module – III - Capital Budgeting
Capital Budgeting: Meaning and Importance‐ Investment Criteria: Pay Back Period Method, Net Present Value Method, and Internal Rate of Return Method ‐ Case Studies. (15 Lectures)

S.Y. B.Com.

BUSINESS ECONOMICS

SYLLABUS FOR SEMESTER III and IV

Section I – Ist Term (June to October)

SEMESTER - III

Introduction to Macro Economics (15 Lectures)
Circular Flow of Income: Closed (two and three sector models) and Open Economy Models- Trade Cycles: Features and Phases-Changing Sectoral Composition of India’s National Income.

Economy in the Short-Run (15 Lectures)
Meaning of Aggregate Demand and Equilibrium National Income (Y=E), Concept of Multiplier-Supply of Money: Constituents, Determinants, Velocity of Circulation of Money; RBI's Approach to Money Supply - Demand for Money, Liquidity Preference Approach. IS-LM Framework

Issues in Inflation, Employment and Unemployment (15 Lectures)
Demand Pull and Cost Push Inflation, Causes and Effects of Inflation, Measures to control inflation in India. Impact of globalization on employment in India, Nature of unemployment in India, Employment Policy since 1991.

SEMESTER – IV

Economic Transition in India (15 Lectures)
(A) Agriculture: Importance of agriculture in Indian economy, Recent issues and Policies in Indian agriculture – Impact of WTO on Indian Agriculture.

(B)  Industry: Structural Changes and Composition of Industry since 1991– Small Scale Industries: Role, Problems and Policies Since 2000 – Disinvestment: Policies and issues – SEZ: Concept, Role and Impact.

(C) Significance and Growth of Services Sector.

Economy in the long-run (15 Lectures)
Sources of Growth–Concept and Importance of Knowledge Economy: Knowledge-Based Exports from India.

Inclusive Growth (15 Lectures)
Meaning and Importance, Overview of Millennium Development Goals - Government Policy to Promote Human Development in India with reference to Education, Health and Family Welfare - National Population Policy 2000.

T.Y. B.Com

SECTION – I (From June – September)

Module: 1 – Commercial Banking

1. Commercial Banking – Assets and Liabilities of Commercial Banks – Trade-off  between Liquidity & Profitability.
2. Banking Sector Reforms: Measures, Performance with respect to Public, New Private and Foreign Banks in the Post Reforms Period – New Technology in Banking in India.

Module: 2 – Central Banking

Changing Trends in Monetary Policy in India – RBI’s Short Term Liquidity Management – Role and Performance of Micro Finance, Self Help Groups and Composite Credit.

Module: 3 – Financial Markets

1. Money Market:  Components and Features of Indian Money Market – Money Market Reforms in India.
2. Capital Market: Significance in Economic Development – Capital Market Reforms – Role of SEBI – Role and Importance of Mutual Funds, Equity Market, Forward, Future and Commodity Market.

SECTION – II (From October - February)

Module 4 – Public Finance

Changing Trends in Tax and Non-Tax in India – Public Expenditure: Classification of Public Expenditure, Causes for increase in Public Expenditure in India – Public Debt: Meaning and Classification – Burden of Internal & External Debt – Concepts of Deficits: Revenue, Budgetary, Fiscal & Primary Deficits – FRBM Act.

Module 5 – International Trade & WTO

Gains from International Trade – Balance of Trade and Payments – Causes of Disequilibrium in BOP – Measures to Correct Disequilibrium in BOP – Emerging Trends in India’s BOP position since 1991 – WTO: Function and Agreements with reference to TRIPS, TRIMS & GATS.

Module 6 – Exchange Rate Determination

Exchange Rate Determination – Purchasing Power Parity Theory – Foreign Exchange Market – Functions and Dealers – Spot and Forward Exchange Rates – RBI’s Intervention and Foreign Exchange Rate Management.