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 . Its 12 credit based Honours programme is offered to diligent students of the social science stream and induces them to go well beyond course work. We have never had a failure in the graduating year and more than 60% of our students graduate with a first class.

he 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 and a prestigious credit based program for its meritorious students. 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.

Structure of Credit Program:

Aim:

• To encourage the students to venture beyond the syllabi determined by the university.
• To reward them by offering credits.
• To encourage students to read extensively.
• To develop a spirit of enquiry and research.

Guidelines for granting Credits:

• A student will qualify for an Honors certificate if he/she can collect a minimum of 12credits.
• 2 of these credits have to be obtained through a Social Involvement Program (SIP). Hence SIP is compulsory.

 Credit Activities:
Each activity is awarded with 2 credits. Students choose activities to earn 12 credits.

• Field work, data collection and analysis.
• Research and essay on an Economist of repute.
• Book reviews and written report or presentation of the same.
• Paper presentation in the bi annual seminars of the Economic Association.
• Role playing – teaching and guiding junior students.
• Review of literature and documentation on any economic issue.
• Social Involvement Program – either through NSS or any reputed NGO.(certification from authority and students report on experience acquired will be obligatory.)
• Academic excellence – a minimum average of 55% marks in each year.

Achievements:

• Credit course initiated in 2006 has been drawing an increasing number of students.
• Some students have got admission on the basis of their credits earned from the Credit Program.
• Aim is to extend this program to include meritorious students from other faculties.

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

• Adarsh Suri - Head of the Department
  M.A. Mumbai University
  Monetary , Labour Economics
  
  
• Dr.Anuradha Kalhan Siddiqui - Reader Economics
  M.A. Ph.D. Mumbai University
  Economics (Labour Economics, Industrial Economics, Monetary Economics)
  
  
• Sarita Jai Shankar - Lecturer Economics
  M.A., Delhi School of Economics
  Econometrics, Statistical and Mathematical Economics, Transport and Infrastructure, Money and Finance, International Economics.
  
  
• Vaidehi S Dhamankar - Lecturer Economics
  M. A., School of Social Sciences, Gujarat University
  Labour Economics, Monetary Economics, Theory of Value, International Economics
  

F.Y. B.Com.

Section I – Ist Term (June to October)

Module – I

Demand Analysis (15 lectures)

Utility: Cardinal and Ordinal Approaches – Indifference Curve Approach:  Properties of Indifference Curves, Consumers Equilibrium, Price Effect, Derivation of Demand Curve from PCC, Consumer’s Surplus – Elasticity of Demand, Income Cross and Promotional – Case Studies – Demand Forecasting: Meaning, Significance and Methods – Case Studies.

Module – II

Theory of Production (15 lectures)
Production Function: Short Run and Long Run – Law of Variable Proportions – Iso-quant – Producers Equilibrium – Returns to Scale – Economies of Scale – Economies of Scope – Case Studies.

Module – III

Cost Analysis (15 Lectures)

1. Concepts: Social and Private Costs, Economic and Accounting Costs, Fixed and Variable Costs – Opportunity Cost.
2. Behaviour of Cost curves in Short and Long Run.
3. Learning Curve – Producer’s Surplus  – Case Studies.

Section II – IInd Term (November to March)

Module – IV

Revenue Concepts (15 Lectures)
Total Revenue – Average Revenue and Marginal Revenue under Perfect Competition and Monopoly – Relationship between Average Revenue, Marginal Revenue and Elasticity of Demand – Objectives of a Firm: Profit, Sales and Growth Maximization – Break-even Analysis – Case Studies.

Module – V

Markets (15 Lectures)
Equilibrium under Perfect Competition and Monopoly in the Long Run – Monopolistic Competition: Features – Oligopoly: Features – Case Studies.

Module – VI

Pricing Methods (15 Lectures)

•  Marginal Cost, Full Cost, Discriminatory, Dumping, Multi-Product and Transfer Pricing.
• Capital Budgeting – Meaning and Importance – Investment Criteria: Payback Period Method, Net Present Value Method and Internal Rate of Return Method – Case Studies.

S.Y. B.Com.

Syllabus

Section I – Ist Term (June to October)

Module – I

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.

Module – II

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

Module – III

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 Globalisation on Employment in India, Nature of unemployment in India, Employment Policy since 1991

Section II – IInd Term (November to March)

Module – IV

Economic Transition in India: (15 Lectures)

(a)  Agriculture:  Importance of Agriculture in Indian economy, Recent issues and Policies in India – Impact of WTO on Indian Agriculture.

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

(c)  Significance and growth of Service Sector

Module – V

Economy in the Long-Run: (15 Lectures)

Sources of Growth – Concept and Importance of Knowledge Economy: Knowledge-Based Exports from India.

Module – VI

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.