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History of Department
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.
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
"Add economic value in everything we do"
Dr. Anuradha K Siddiqui
Faculty - Dept. of Economics - Senior College
BUSINESS ECONOMICS – I
Module – I - Demand Analysis
Module – II - Theory of Production and Cost
Module – III - Revenue Analysis
Module – I - Market Structure
Module – II - Pricing Practices and Market Failure
Module – III - Capital Budgeting
SYLLABUS FOR SEMESTER III and IV
Section I – Ist Term (June to October)
SEMESTER - III
Introduction to Macro Economics (15
Economy in the Short-Run (15
Issues in Inflation, Employment and Unemployment (15
SEMESTER – IV
Economic Transition in India (15
(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
Inclusive Growth (15
SECTION – I (From June – September)
Module: 1 – Commercial Banking
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
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.