Profile – MVPS's SVKT Arts, Science & Commerce College

Name of the Department: Economics

Year of the Establishment: 1984

Program offered: B.A. M.A.

Annual /semester/choice-based credit system (program wise)

Annual	Semester	Credit and Semester System
–	I,II,III,IV,V	F.Y.B.A/S.Y.B.A./T.Y.B.A
—	I,II,III,IV	M.A. Part I and II
—	Add-On	Diploma in Banking and Finance

About Department

The department of Economics is one of the most important department 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, , he is an eminent 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 papers 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 Honours) 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, Head of the department is an approved Research Guide for M. Phil and Ph.D. 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, Gavokari, 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 Street Play 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 Inter colleges state level 1st award by Savitrbai phule Pune University, Chairman of Women Welfare

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.

Dr. Rekha Jadhav faculty member has published several research papers in National and International Peer Reviewed journals.

Smt. Varsha Shewale faculty member 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”

Goals

To guide about various job opportunities to students
To Support the students for the application of Economics in real life.
To motivate the students for the preparation of competitive Examination.

POs/ Cos/PSOs

Bachelor of Arts in Economics

Program outcomes:

A degree in economics provides a solid foundation for a career in business, government, or with a nonprofits organization.
To study economists are vital in helping how the 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.
Understand Economists to study and help to developed 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.

Programme Specific Outcomes (PCO) – 2019 Pattern

To able to understand basic concepts of economics.
to able to analyze economic behaviour in practice.
To Understand the economic way of thinking.
The ability to analyze historical and current events from an economic perspective.
To develop the ability to write clearly expressing an economic point of view
To create students ability to suggest of the various economic problems.

Choice Based Credit System (CBCS)

F.Y.B.A. Semester –I & II

G-1 Indian Economic Environment

To familiarize the students with the recent developments in the Indian Economy
To provide the students with the background of the Indian Economy with focus on contemporary issues like economic environment.
To help the students to prepare for varied competitive examinations
To enable students to understand and comprehend the current business scenario, agricultural scenario and other sectorial growth in the Indian context. To make the student aware of the developments such as MSMEs, Digital Economy, E-Banking, BPO & KPO, etc.

Programme Outcome:

Ability to develop an understanding of the economic environment and the factors affecting economic environment.
Ability to develop awareness on the various new developments in the different sectors of an economy – agriculture, industry, services, banking, etc.
Ability to compare and contrast Indian Economy with other world economies.
At the end of the course, the student should be able discuss and debate on the various issues and challenges facing the Indian Economic Environment.

B.A. Economics (General) Year: II Sem. III & IV

Subject Name: Financial System – Core Course: CC-1C& CC -1D

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

B.A. Economics (Special Paper-I)

Subject Name: Micro Economic DSE – 1A&DSE- 1B

To develop an understanding about subject matter of Economics.
To impart knowledge of microeconomics.
To clarify micro economic concepts
To analyze and interpret charts, graphs and figures
To develop an understanding of basic theories of micro economics and their application.
To demonstrate that the theories discussed in class will usually be applied to real-life situations.
To help the students to prepare for varied competitive examinations

B.A. Economics (Special Paper-II)

Subject Name: Macro Economics DSE – 2A

To introduce students to the historical background of the emergence of macroeconomics
To familiarize students with the differences between microeconomics and macroeconomics
To familiarize students with various concepts of national income
To familiarize students with Keynesian macroeconomic theoretical framework of consumption and investment functions
To introduce students to the role of money in an economy.
To introduce students to the conceptual and theoretical frameworks of inflation, deflation and stagflation, Business Cycle.
To familiarize students with the conceptual and theoretical framework of business cycles
To introduce students to the role of monetary and fiscal policies in fulfilling the macroeconomic objectives of stability, full employment and growth.
To introduce students to the various instruments of monetary and fiscal policies

Skill Enhancement Course (SEC): Credits: 02

SEC-I SEC -2A Basic Concept of Research Methodology – I

SEC -2B – Skill Enhancement Course (SEC)-II

Course outline:

The course will be given in the form of lectures and practical work .Lectures will focus on research, especially with regard to sampling methods, data collection and data preparation. The course will focus on the practical implementation of diverse sample techniques. Students are expected to collect and classify the data.

Aims and objectives of course:

To develop the understanding of the basic concept of research.
To develop the understanding of the basic framework of sampling and data collection..
To develop the understanding of various sampling methods and techniques.
To identify various sources of information for data collection.
To develop the understanding of the conducting survey on various issues.

Learning outcomes of course :

On completion of the course, the student shall be able to

Demonstrate his/her understanding of sampling methods and the ability to use collection of data
Identify the appropriate sample techniques for different kinds of research questions
Identify the appropriate source of data in relation to the collection of research data.
Able to classify and present the collected data in the form of graph, bar diagram, chart etc

T.Y.B.A. (2019 Pattern) Semester V

Economics General Paper-III: Indian Economic Development-I

(Course Code: ) Course Learning Outcomes-

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

To relate and recognize the concept and indicators of Economic Development.
To describe and analyze the concept and indicators of Human Development.
To explain the characteristics of Developing and Developed Countries.
To describe the constraints to the process of Economic Development.

Economics General Paper-III: Indian Economic Development-II

(Course Code: ) Semester VI

Course Learning Outcomes-

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

To describe and explain the process of Economic Planning.
To describe and examine the changing structure of planning process in India.
To describe and explain the relation between Economic Development and Environment.

Special Paper – III: International Economics-I(Course Code: ) Semester – V

Course Learning Outcomes-

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

To relate and recall the concepts of International Economics and International Trade.
To describe and apply the theories of international trade.
To explain and comprehend the issues relating to Terms of trade and Balance of Payment.

Special Paper – III: International Economics-II(Course Code: ) Semester – VI

Course Learning Outcomes-

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

Ability to relate and explain the concept of Exchange Rate and Foreign Exchange Market.
Ability to describe the trends in Growth, Composition and Direction of India’s Foreign Trade.
Ability to comprehend the issues relating to Foreign Capital and Regional and International

Co-Operation.

Special Paper – IV: Public Finance -I (Course Code: ) Semester – V

Objectives:

To make students to analyze the role of Public Finance in Economic Development.
To know the sources of Revenue, Expenditure and Debt of Govt. of India.
To make students competent to become success in competitive examination.

Course Learning Outcomes-

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

To relate and recognize the Nature and Scope of Public Finance.
To describe and analyze the concept of Public Revenue and its components.
To explain types of Public Expenditure and reasons for rising Public Expenditure.
To explain the types of Public Debt and its effects

Special Paper – IV: Public Finance -II (Course Code: ) Semester – VI

Course Learning Outcomes-

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

To explain and assess the components and instruments of Fiscal Policy.
To relate to the concepts of Budget and its components.
To describe and analyze the concept of Deficit Financing and its effects.
To describe and explain the Centre and State Financial Relationship.

T.Y.B.A. Economics Semester – V

Skill Enhancement Course SEC 3A: Business Management-I

Course Learning Outcomes:

At the end of the Course, the Learner will have the following skills:

Management of Business.
Business planning and decision making
Leadership Skills- Ability to work in teams at the same time, ability to show leadership qualities

Semester – VI SEC-3A: Business Management-II (Project Report)

Course Learning Outcomes:

At the end of the Course, the Learner will have the following skills:

Analytical Skills – Ability to analyze data collected and interpret in the most logical manner
Project Report Writing Skills- Ability to comprehend and illustrate/demonstrate findings
Presentation Skills – PPT/Poster- Ability to illustrate findings in the most appealing manner
Leadership Skills: Ability to show leadership skills with business ideas or work on business

ventures as a practical example

Department Of Economics M.A. (Credit & Semester System)

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)

Micro Economics Analysis ( Sem-I&II)

Course Objectives:

To provide a thorough understanding of the principles of economics
To enable students to apply micro economic concepts in various contexts.
To enable understanding the basic theories in microeconomics such as

demand theory, production theory, market structures.

To discuss the modern developments in micro economics such as ModernDemand theories.
To discuss the modern developments in micro economics such as GameTheory.

Programme Outcome:

Ability to apply the concepts of micro economics such as demand, supply,revenue, cost, elasticity, etc.

Ability to analyze and demonstrate knowledge of the basic theories/laws ineconomics- law of demand, law of supply, production function, etc.

At the end of the course, the student should be able to evaluatemicroeconomic concepts, models and its use in real life situations.

Ability to compare and contrast various market structures and understandconcept of equilibrium, price determination

M.A. (Part – I) (Semester (I&II)

EC-1002: Public Economics – I&II

Course Objectives:

To develop an understanding of the changing role of the government and the fiscal functions of the modern governments.

To discuss and deliberate on the concepts and theories in public economies like public policy, principles of taxation, theories of public expenditure, etc.

To develop an understanding of various policies in public economics like fiscal policy, taxation policy, public debt policy, public expenditure policy etc.

To develop an understanding of various policies in public economics like fiscal policy, public debt policy, fiscal finances, etc.

To help the students to understand the normative policies and compare it with the policies framed and followed by Indian economy.

To impart information to the students about the reforms like taxation reforms in India.

Programme Outcome:

Ability to recognize, apply and analyze concepts and theories in public economics.
Ability to appraise and assess the theory of public economics in real life situations.
Ability to understand, apply and analyze concepts-public debt, budget, fiscal policy in public economics.

Ability to interpret the theories relating to public economics in real life situations.
Ability to discuss and debate on the public finance and policies w.r.t. India

M.A. (Part – I) (Semester – I&II)

EC-1003 : International Trade & EC-2003 International Finance

Course Objectives:

To develop an understanding of the theoretical concept in international trade.
To analyze international economics with reference to terms of trade, trade policy, trade agreements etc.

To provide knowledge to students regarding recent developments and changes in International banking, international banking agreements etc.

To make the students understand role of international economic organization and global crisis development.

To develop an understanding of the theoretical concept in international finance- Balance of Payments, exchange rate policies, capital flows, etc.

To compare and contrast the scenarios on international trade in India vis-à-vis the world economy.

Programme Outcome:

Ability to understand the concepts of international economics such as comparative cost, terms of trade, trade policies and trade agreements
Ability to interpret and apply theory relating to understand international trade
Ability to discuss and debate the effects of trade policy, trade agreements, exchange rate policies on the world economy/trade
Ability to understand and interpret the concepts such as Balance of Payments, Exchange Rates, Foreign Exchange transactions, International capital flows, etc.
Ability to critically analyze the effects of deficits, exchange risk, role of foreign capital on the world economy/trade

Ability to discuss and debate on subjects related to international trade and finance w.r.t the Indian Economy

M.A. Part – I (Semester -I) Elective Course

EC-1004 Agriculture Economics

Course Objectives:

To develop an understanding of agricultural economics in the theoretical as well as practical context.

To discuss and debate the various issues and challenges faced by agrarian economies w.r.t. production, productivity, efficiency, employment, etc.

Programme Outcome:

Ability to analyze and evaluate the subject with reference to various aspects of agrarian economies.
Ability to develop an understanding of agriculture with its intricacies and imperfections and to be able to construct intellectual dialogue on the challenges of agriculture.

M.A. Part – I(Semester – II) Elective Course

EC-2004- Labour Economics

Course Objectives:

To develop an understanding of labour economics in the theoretical as well as practical context.
To discuss and debate the various issues and challenges faced by labour with reference to division of labour, employment, wage determination, etc.
To demonstrate on the various aspects of labour dynamics and labour relations w.r.t. India

Programme Outcome:

Ability to analyze and evaluate the subject with reference to various aspects of Labour economics.
Ability to develop an understanding of the labour with its intricacies and imperfections and to be able to construct intellectual dialogue on the challenges of labour w.r.t. the Indian Economy.

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

EC-3001 & EC-4001-Macro Economics Analysis – I&II

Course Objectives:

To provide a thorough understanding of the principles of Macro Economics and the application ofMacro Economic concepts in real-life situations and concepts in various contexts.
To discuss the modern developments in macroeconomics.

Programme Outcome:

Ability to analyze and demonstrate knowledge of the basic theories/laws in economics- general equilibrium psychological law of consumption, etc.in Macro Economics.
At the end of the course, the student should be able to evaluate Macro Economic concepts, models and its use in real life situations.

EC-3002:&EC-4002- Growth and Development – I&II

Course Objectives:

To enable learning and understanding of the basic concepts and process to measure the growth and economic development etc.

To analyze and evaluate the obstacles in the process of economic growth and development

Programme Outcome:

Ability to apply the concepts of economic growth and compare international comparison of economic development, etc.

Ability to analyze and demonstrate knowledge of the economic growth and development theories of economic growth and development
Ability analyze, evaluate and apply the growth and development concepts, role of human capital, etc. in real life situations

M.A. (Part – II) (Semester – III)

EC- 3003 Research Methodology-I

Course Objectives:

To enable an understanding of Research and its methods under various areas of economics.
To demonstrate the practical and the applied aspects of research in relation to Economics.

Programme Outcome:

Ability to develop, demonstrate and examine topics under Economics to pursue research.
Ability to evaluate and examine subject areas in economics and explore possibilities of research.

M.A. (Part – II) (Semester – IV)

EC – 4003: Research Project

M.A Economics Part II Semester III Elective Course

EC- 3004 Demography

Course Objectives:

To provide an understanding of Demography and its application under various topic under economics.
To demonstrate the practical and the applied aspects of Demography and the study of Population and its relation to Economics.

Programme Outcome:

Ability to develop, demonstrate and examine various topics under Demography.
Ability to evaluate and examine subject areas in economics bringing out the relation to population studies and demography.

M.A Economics Part II Semester III Elective Course

EC-4004 Economics of Environment

Course Objectives:

To develop an understanding of the economics of environment in the theoretical as well as practical context.

To discuss various analytical tools to comprehend various environmental issues.

Programme Outcome:

Ability to analyze and evaluate the subject with reference to various aspects of the economics of environment.

Ability to develop an understanding of the economics of environment and various analytical tools to comprehend environmental issues

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 teams

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 behaviour 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

Result Verification from S.P.P.U.

Research Publications