/Economics Profile

Economics Profile

Name of the Department: Economics

Year of the Establishment: 1984

Program offered: B.A. M.A. 

Pattern of Teaching learning and Evolution 

Annual Credit and Semester System
T.Y.B.A F.Y.B.A/S.Y.B.A.
  M.A. Part I and II

 

About Department

The department of Economics is one of the most important departments of the college. The Department runs the programme at undergraduate and post graduate level. Apart from the academics, the faculty from the department constantly keeps motivating students for co-curricular and extra-curricular activities. The teachers from the department are very keen on developing the overall personality of the students and therefore keep them engaged in various activities run by the department. Remedial teaching classes are conducted for the weaker students to make the class homogeneous.

All faculty members from the department are research oriented. Prof. Dr. S.K.Pagar, Head of the department, he is resource person and also known as a creative writer and his seven books are published. As a M.Phil and Ph.D.guide, under his guidance 22 students of M.Phil and 12 students of Ph.D. awarded the degree.He has published several research paper in National and International Peer Reviewed journals.  Dr.S.K.Pagar recipient of following awards Best College Teacher Award- Nashik Gaurav Samiti & Sarvjnik Vachnalaya Nashik Sept. 2007, Second State level Price for Research Paper Writing Rs. 3000/- plus Manpatra   Letter of Honors) organized by Maharashtra chamber of Commerce, Industry & Agriculture Dec. 2008, Ideal author for KRUSHIDUT Magazine  2012 and Ideal author for KRUSHIDUT Magazine  2015.

Dr. Jayashri Jadhav faculty member is an approved Research Guide for M.Phil and Ph. D course.  She has presented many research papers in National and International seminars/conferences. Dr. Jayashri Jadhav is also known as a creative writer and her articles are published in local news papers like Maharashtra Times, Gaokari, Deshdoot, Divya Marathai, Lakshya Maharashtra and Loknama on current events and so many issues.Dr. Jayashri Jadhav  is the recipient of following awards, At the 43rd National Annual Convention of the Marathi Arthashastra Parishad, Prof. Aruna Raravikar Smriti Economic Article First Award for “Her Budget” writing in daily Deshdoot newspaper, Savitribai Phule Pune University, Pune awarded Best Program Officer of National Service Scheme, SRD-NRD Camp -2015, Nanded, Best Team Leader by Savitribai Phule University Bharat Vikas Prabodhini awarded Bharat Ratna Mother Teresa National Gold Medal Award 2020, Namaskar Foundation Nashik awarded Best Teacher Award  for work in the field of education, Indian Red Cross Society District level second award for the Pathnatya  regarding  AIDs  awareness, Anti-Corruption Buero, Nashik Division Organised  on occasion of  “Dakshata Janjagruti Week” Essay writing competition , gate 3rd Prize- Savitribai Phule Pune University organized “Divisional Aviskar Competition “ (Subject – Mandirache Sone Vikasala Sanjivani Denare). She is the steering faculty of the college who takes many of the college activities beyond the campus as a chairman of cultural department and gate Intercolleges state level 1st award by Savitrbai phule Pune Univeersity.

Dr. Manisha Aher faculty member is an approved research guide for PG and M.Phil guide. She is doing ASPIRE research project funding agency SPPU amount sanction Rs.2 lacks. Dr.Manshia Aher is coordinator of Intellectual Property Rights Cell. She has published several research papers in National and International Peer Reviewed journals.

Vision of the Department 

‘To Create Employability among the Students through Conscious efforts’

 

Mission Statement of Department

“To promote the environment to strengthen the employability and research attitude among students and help to develop skill required for quality life”

 

Objectives
  • To support the students in their learning process. To create the general awareness about Economics among the students.
  • To encourage students to build up their self confidence. To Support the students for the application of Economics in real life.
  • To guide about various job opportunities to students
  • To develop the presentation skill of the students through the organizing students seminar.
  • To Support the students for the application of Economics in real life.
  • To motivate the students for the preparation of competitive Examination.
  • To guide about various job opportunities to students.
 POs/ Cos/PSOs

2019 Pattern

B.A. Economics (General)   Year: II.     Term: I&II

Subject Name: Financial System Subject code: 2157 

  • CO1 To understand fundamentals of modern financial system.
  • CO2 To understand the recent trends and developments in banking system.
  • CO3 To understand the role of the Reserve Bank of India in Indian financial system.
  • CO4 To provide the knowledge of various financial and non-financial institutions
  • CO5 To provide the students the intricacies of Indian financial system for better financial decision making

B.A. Economics (Special Paper-I) Year: II. Term: I&II

Subject Name: Micro Economic   Subject code: 2158

Upon successful completion of the course a student will be able to:

  • CO1Understand how households (demand) and businesses (supply) interact in various market structures to determine price and quantity of a good produced.
  • CO2 Understand the links between household behaviour and the economic models of demand.
  • CO3 Represent demand, in graphical form, including the downward slope of the demand curve and what shifts the demand curve.
  • CO4 Understand the links between production costs and the economic models of supply.
  • .CO5 Understand the efficiency and equity implications of market interference, including government policy.
  • CO6 Understand how different degrees of competition in a market affect pricing and output.
  • CO 7Apply economic reasoning to individual and firm behaviour.
  • CO 8Understand the major characteristics of different market structures and the implications for the behaviour of the firm.

B.A. Economics (Special Paper-II) Year: II. Term: I & II

Subject Name:  Macro Economics Subject code:   2159

  • CO1 Understand why the behaviour of businesses and the rest of the world determine the aggregate supply of goods and services
  • CO2 Understand how aggregate demand and aggregate supply interact to drive a free market economy
  • CO3 Understand the implications of interference in a market economy, including government policy
  • CO4 Understand the basics of national income accounting
  • CO5 Understand the causes and consequences of business cycles
  • CO6 Measure living standards, inflation, and unemployment for use as economic indicators.
  • CO7 Analyze the determinants of the relative strengths of fiscal and monetary policy for affecting gross domestic product.
  • CO8 Understand the roles of fiscal and monetary policy in fighting recessions and inflation 

Department Of Economics (B.A.)

Course Outcome, Program Outcome & PSO

A:-Course Outcome

Each degree program in economics contains a core group of theory courses, a series of quantitative skills courses, and field specialization courses that involve the applications of economic theory and quantitative analysis to major areas of study within the discipline. It is our goal to help our students achieve a certain set of learning outcomes.

 Program Outcome

Below is a list of our learning outcomes and how we help our students reach them.

B.A. Economics (General)     Year: I      Term: I&II

 Subject Name:  Indian Economy Problems & Prospects  Subject code:    1157

  • CO1To able to understand nature of Indian economy
  • CO2 Understand the Economic development and economic growth.
  • CO3 Describe about poverty, population and unemployment.
  • CO4 Acquired knowledge about the agriculture Productivity & Price Policy of Government
  • CO5 Describe about the small scale, large scale and cottage industries.
  • CO6To able to understand infrastructure and economic development
  • CO7 Understand about the 1 to 12th  five year planning in India
  • CO8 Describe about the Co-operative Movement of Maharashtra

B.A. Economics (General)   Year: II.     Term: I&II

Subject Name: Modern Banking   Subject code: 2157

  • CO1 Understand and aware about the process of banking.
  • CO2 Comprehend the knowledge about growth of the Indian banking system.
  • CO3 Describe the functions of RBI.
  • CO4 Grasp about E-Banking in detail.
  • CO5 Describe about negotiable instruments and Endorsement.
  • CO6 Understand various money market instruments.
  • CO7Understand how monetary and fiscal policy affects the financial system
  • CO8 Understand various concepts of money and money substitutes

B.A. Economics (Special Paper-I) Year: II. Term: I&II

Subject Name: Micro Economic   Subject code: 2158

Upon successful completion of the course a student will be able to:

  • CO1Understand how households (demand) and businesses (supply) interact in various market structures to determine price and quantity of a good produced.
  • CO2 Understand the links between household behaviour and the economic models of demand.
  • CO3 Represent demand, in graphical form, including the downward slope of the demand curve and what shifts the demand curve.
  • CO4 Understand the links between production costs and the economic models of supply.
  • .CO5 Understand the efficiency and equity implications of market interference, including government policy.
  • CO6 Understand how different degrees of competition in a market affect pricing and output.
  • CO 7Apply economic reasoning to individual and firm behaviour.
  • CO 8Understand the major characteristics of different market structures and the implications for the behaviour of the firm.

B.A. Economics (Special Paper-II) Year: II. Term: I & II 

Subject Name:  Macro Economics Subject code:   2159

  • CO1 Understand why the behaviour of businesses and the rest of the world determine the aggregate supply of goods and services
  • CO2 Understand how aggregate demand and aggregate supply interact to drive a free market economy
  • CO3 Understand the implications of interference in a market economy, including government policy
  • CO4 Understand the basics of national income accounting
  • CO5 Understand the causes and consequences of business cycles
  • CO6 Measure living standards, inflation, and unemployment for use as economic indicators.
  • CO7 Analyze the determinants of the relative strengths of fiscal and monetary policy for affecting gross domestic product.
  • CO8 Understand the roles of fiscal and monetary policy in fighting recessions and inflation

B.A. Economics (Special Paper-III) Year: III Term: I&II

Subject:  International Economics   Subject code:  3158

Upon successful completion of the course a student will be able to:

  • CO1 Understand the various reasons why countries engage in international trade, including the direction and volume of trade between nations.
  • CO2 Use models of trade to demonstrate the gains from exchange as well as the effects on income distribution within countries due to trade with foreign nations.
  • CO3 Understand how international factor mobility affects an economy.
  • CO4 Analyze current issues and policies using the concepts of international trade theory.
  • CO5 Understand the role key international institutions play in affecting trade flows across the world.
  • CO6 Understand the role of exchange rates and how they are determined in the short-run and long-run.
  • CO7 Analyze how various policies, both domestic and foreign, may affect exchange rates and economic welfare.
  • CO8 Understand the role played by various international institutions with regards to exchange rate values and the flow on international assets 

B.A. Economics (Special Paper-IV) Year: III Term: I&II

Subject Name:  Public Finance    Subject code: 3159

  • CO1 Apply microeconomic theories to public decision making.
  • CO2Explain public goods, externalities, and government interventions using microeconomic theories.
  • CO3 Critically assesses tax policy from practical and theoretical economic perspectives.
  • CO4 Effectively communicates the rationales for government intervention in the economy and their shortcomings.
  • CO5 Articulate the historical and logical implications of different property rights regimes.
  • CO6 Articulate the phenomenon called the “tragedy of the commons” and the implications of the variety of solutions that have been offered to this problem.
  • CO7Articulate how economic theory can be applied in a wide variety of areas other than business – e.g., crime, the family, education and traffic congestion.
  • CO8 Evaluate the intent and outcomes of government stabilization policies designed to correct macroeconomic problems. 

B.A. Economics (General)   Year: III.  Term: I&II

Subject Name: Economic Development Planning: 

Subject code: 3157

Upon successful completion of the course a student will be able to:

  • CO1 Understand the causes of underdevelopment in the Third World.
  • CO2 Understand the role of agriculture, industry, and trade in the development process of the less developed countries.
  • CO3Understand the extent to which economic theories may be helpful in the design of development policies in the less developed countries.
  • CO4 Apply economic reasoning to the analysis of selected contemporary economic problems.
  • CO5Understand how households (demand) and businesses (supply) interact in various market structures to determine price and quantity of goods and services produced and consumed.
  • CO6 Analyze the efficiency and equity implications of government interference in markets.
  • CO7Recognize and identify situations leading to market failures and government failures.
  • CO8Evaluate the intent and outcomes of government stabilization policies designed to correct macroeconomic problems.      

 B:-Program outcomes: Economics: 

             A degree in economics provides you with a solid foundation for a career in business, government, or with a nonprofits organization. In this program, you will study how societies, governments, businesses, households, and individuals create, use, manage and distribute resources. Economists are vital in helping predict and study responses to changes in policy and market changes, an important skill in today’s changing business environment. Economists also study and help develop public policies like health care and education reform. Our program will equip you with the skills to make better decisions in a business environment, on public policy, and even in your personal choices.

 C:-Program Specific Outcomes On completion of B.A (Economics), Students are able to: 

  1. To able to understand basic concepts of economics.
  1. to able to analyze economic behaviour in practice.
  1. Understand the economic way of thinking.
  2. The ability to analyze historical and current events from an economic perspective.
  1. The ability to write clearly expressing an economic point of view
  1. Be exposed to alternative approaches to economic problems through exposure to coursework in allied fields.
  1. To create students ability to suggest of the various economic problems.

 

Department Of Economics (M.A.)

Course Outcome, Program Outcome &PSO

A:-Course Outcome

                The basic objective of our Masters Programme is to train students to develop strong theoretical foundations with a blend of practical analytics. An M.A. in Economics would assist in developing professionals and experts who would be able to apply economic reasoning to real world issues. It would also expose the students to the complexities, dynamics and challenges of the current global economic scenario. The course aims to equip students with skills for economic analysis and decision making. An emphasis on data analysis and interpretation through the course would also encourage critical thinking and logical reasoning.  The course would provide a learning platform for students who wish to pursue a career in national and international organizations, industry, education, public administration and NGO’s.

M.A. (Part – I) (Semester -I&II) ECONOMICS

EC-1001 : Micro Economics Analysis (I & II)

Upon successful completion of the course a student will be able to:

  • CO1 Understand how households (demand) and businesses (supply) interact in various market   structures to determine price and quantity of a good produced.
  • CO2 Understand the links between household behaviour and the economic models of demand.
  • CO3 Represent demand, in graphical form, including the downward slope of the demand curve and what shifts the demand curve.
  • CO4 Understand the links between production costs and the economic models of supply.
  • CO5 Represent supply, in graphical form, including the upward slope of the supply curve and CO what shifts the supply curve.
  • CO6 Understand the efficiency and equity implications of market interference, including government policy.
  • CO7 Understand how different degrees of competition in a market affect pricing and output.
  • CO8 Apply economic reasoning to individual and firm behaviour.
  • CO9 Understand the meaning of marginal revenue and marginal cost and their relevance for firm profitability.
  • CO10 Understand the major characteristics of different market structures and the implications for the behaviour of the firm.

  M.A. (Part – I) (Semester (I&II)

  EC-1002: Public Economics – I&II

Upon successful completion of the course a student will be able to:

    • CO1Understand the various reasons why countries engage in international trade, including the direction and volume of trade between nations.
    • CO2Use models of trade to demonstrate the gains from exchange as well as the effects on income distribution within countries due to trade with foreign nations.
  • CO3Understand how international factor mobility affects an economy.
  • CO4Analyze current issues and policies using the concepts of international trade theory.
  • CO5Understand the role key international institutions play in affecting trade flows across the world.
  • CO6Analyze how various policies, both domestic and foreign, may affect exchange rates and economic welfare.
  • CO7Understand the functioning of various exchange rate regimes, (such as gold standards and floating exchange rate mechanisms).
  • CO8Understand the role played by various international institutions with regards to exchange rate values and the flow on international assets.CO1Apply microeconomic theories to public decision making.
      • CO2Explain public goods, externalities, and government interventions using microeconomic theories.
      • CO3Critically assess U.S. tax policy from practical and theoretical economic perspectives.
      • CO4Effectively communicate the rationales for government intervention in the economy and their shortcomings.
    • CO5Articulate the concepts of the form of government and the scope of governmentCO6Articulate the historical and logical implications of different property rights regimes.
    • CO7Articulate the phenomenon called the “tragedy of the commons” and the implications of the variety of solutions that have been offered to this problem.
    • CO8Articulate how economic theory can be applied in a wide variety of areas other than business – e.g., crime, the family, education and traffic congestion.

     M.A. (Part – I) (Semester – I&II)

    EC-1003 : International Trade &International Finance  

    Upon successful completion of the course a student will be able to: 

    • CO1Understand the various reasons why countries engage in international trade, including the direction and volume of trade between nations.
    • CO2Use models of trade to demonstrate the gains from exchange as well as the effects on income distribution within countries due to trade with foreign nations.
    • CO3Understand how international factor mobility affects an economy.
    • CO4Analyze current issues and policies using the concepts of international trade theory.
    • CO5Understand the role key international institutions play in affecting trade flows across the world.
    • CO6Analyze how various policies, both domestic and foreign, may affect exchange rates and economic welfare.
    • CO7Understand the functioning of various exchange rate regimes, (such as gold standards and floating exchange rate mechanisms).
    • CO8Understand the role played by various international institutions with regards to exchange rate values and the flow on international assets.
  •   M.A. (Part – I) (Semester -II) AGRICULTURAL ECONOMICS                 
    • CO1 Identify importance of Agriculture Development
    • CO2 Write down the Green Revolution in India
    • CO3 Classify the importance of co-operative and organic farming
    • CO4 Describe the concepts and Importance of Food Security
    • CO5Understand the poverty in India
    • CO6Write down the liberalisation policy in India
    • CO7Identify impact of WTO and Globalisation on Indian agriculture
    • CO8Write down the Agriculture policies in India

     

    M.A. (Part – I) (Semester – I)

    EC – 1004  Labour Economics (Optional)Upon successful completion of the course a student will be able to:

    • CO1Explain labour market operations using different theories within labour economics.
    • CO2Explain labour market trends using data about the labour market.
    • CO3Explain labour supply for an individual and society.
    • CO4Augment neoclassical labour supply using the theory of allocation of time.
    • CO5Explain returns to schooling, on the job training, migration, employer-sponsored health care, and education using human capital theory.
    • CO6Explain labour demand for firms operating in competitive and monopolistic markets using marginal productivity theory.
    • CO7Understand wage and employment in bilateral monopolies and perfect competition.
    • CO8Explain wage schemes and structures within firms using “personnel economics”.

     M.A. (Part – II) (Semester -III&IV)

    EC – 3001  Macro economics Analysis – I & II

    Upon successful completion of the course a student will be able to:

    • CO1  Understand why household, business, government and global behavior determine the aggregate demand for goods and services
    • CO2 Understand why the behavior of businesses and the rest of the world determine the aggregate supply of goods and services
    • CO3  Understand how aggregate demand and aggregate supply interact to drive a free market economy
    • CO4  Understand the implications of interference in a market economy, including government policy
    • CO5  Understand the basics of national income accounting
    • CO6  Understand the causes and consequences of business cycles
    • CO7  Understand the roles of fiscal and monetary policy in fighting recessions and inflation
    • CO8 Understand factors that contribute to and detract from long-term economic growth
    • CO9 Be able to apply basic international trade and finance concepts to global pricing issues, including working with exchange rates
    • CO10  Explain and anticipate the consequences of changes in the quantity of money on such economic variables as interest rates, inflation, the exchange rate, and unemployment

      M.A. (Part – II) (Semester – III&IV)

            EC-3002: Growth and Development – I &II

    Upon successful completion of the course a student will be able to:

    • CO1Identify the importance of economic growth and development
    • CO2Understand the role of agriculture and industry in economic development
    • CO3Describe the theories of economic growth and development
    • CO4Write down the theories of population
    • CO5Describe the liberlisation and globalization
    • CO6Development and Underdevelopment-An Overview
    • CO7Theories of Economic Growth & Development
    • CO8 Describe the TRIPS
    • A. (Part – II) (Semester – III)

            EC-3003: Modern Banking

             Upon successful completion of the course a student will be able to:

    • CO1Understand the importance of the financial sector in directing the use of scarce capital.
    • CO2Understand the concepts of present value and internal rate of return.
    • CO3xplain the determinants of interest rates.
    • CO4Understand the term structure of interest rates.
    • CO5Understand the likely path of interest rates in the aftermath of a change in monetary policy.
    • CO6Understand the impact of inflation on interest rates.
    • CO7Understand various concepts of yield or rate of return.
    • CO8Understand the concept of duration and its implications for the magnitude of changes in asset prices following changes in interest rates.
    • CO1Explain the various ways to hedge interest rate risk.
    • CO9Understand various money market instruments.
    • A Economics Part II Semester III
    • EC- 3004 Demography
    • Non- Core Courses- (CREDIT SYSTEM)
    • CO1 To provide an understanding of Demography and its application under various topics under economics.
    • CO2 To demonstrate the practical and the applied aspects of Demography and the study of Population and its relation to Economics.
    •  CO3 Ability to develop, demonstrate and examine various topics under Demography
    • CO4 Ability to evaluate and examine subject areas in economics bringing out the relation to population studies and demography

           

              M.A. (Part – II) (Semester – IV)

          EC – 4003: Research Methodology

    Upon successful completion of the course a student will be able to:

    • CO1Understand the difference between an hypothesis and a problem statement.
    • CO2Determine whether an hypotheses or problem statement is testable.
    • CO3Understand the elements of a good research design, its purpose, and its relationship to the hypothesis/problem statement.
    • CO4Understand the difference between random assignment and random sampling.
    • CO5Understand validity and sampling concerns in research design.
    • CO6istinguish between primary and secondary data and understand the advantages and disadvantages of each.
    • CO7Prepare data for analysis.
    • CO8Critically evaluate research proposed or performed by others.

     

     

        M.A Economics Part II Semester IV

         EC-4004 Rural Development

         None Core Course

    • CO1 To develop an understanding of rural economics in the theoretical as well as practical context.
    • CO2 To discuss and debate the various issues and challenges faced by rural economies with reference to the farm and non-farm sector, the growth and development of rural economies, etc.
    • CO3 Ability to analyze and evaluate the subject with reference to various aspects of rural economies.

     

    • CO4 Ability to develop an understanding of the rural sector with its intricacies and imperfections and to be able to construct intellectual dialogue on the challenges of agriculture w.r.t. the Indian Economy

     

         M.A. ECONOMICS

       Program Outcomes. (P.O.)

    A student who has taken admission into this program is to be always aware of following outcomes:

    • PO1-Take a rigorous, quantitative approach to economic problems.
    • PO2-Build and test economic models, using sophisticated economics tools.
    • PO3-Advance professionally and to compete for well-paying jobs across a broad spectrum of industries and sectors.
    • PO4-Enroll in a doctoral program.
    • PO5- Entire study of discipline.
    • PO6- Mastery of subject knowledge.
    • PO7- Mature personality for employability.
    • PO8- Skills of employment.
    • PO9-Ability to work/serve.
    • PO10- Critical thinking
    • PO11- Sense of creativity.
    • PO12- Language skills.
    • PO13- Research talent/spirit.
    • PO14- Interview technique and team s

                        M.A ECONOMICS

          Programme specific outcome (P.S.O.)

    • PSO 1: Understand modern theories of microeconomics and analyse various market situations.
    • PSO2:Application of microeconomic tools to study advanced macroeconomic theories like supply side economics and various advanced macroeconomic theories
    • PSO 3: Study various origin and evolution of international trade theories and study various advanced concepts like Balance of Payments, Infant industry arguments, Dutch disease, Foreign trade multiplier, Exchange rate models.
    • PSO4:Analyse various trends in Indian economic policy regarding government finances, revenue, Budget, Debt, Taxation, fiscal federalism, GST and Balanced budget multiplier
    • PSO5: Understand various research techniques to solve various econometric problems like heteroscedasticity, autocorrelation and multicolliniarity with the application of ANOVA, R2 , T test F-test
    • PSO 6: Job opportunity at Junior college/Senior college level lectureship
    • PSO 7: Career in Banking/Finance/Co-operative sector.
    • PSO 8: Required minimum qualification for M. Phil. and Ph.D.
    • PSO 9: Understanding economic activities/planning/ budget
    • PSO 10: Analyze the quantitative and qualitative research methods
    • PSO 11:Understand the behavior of Indian and World Economy
    • PSO 12:Understand the Recent Development Economic Theories
    • PSO 13: Give an idea of computer application in Economic analysis
    • PSO 14: Understand the Economics of climate change
    • PSO 15: Analyze current issues and policies using the concepts International trade policy