Department of Economics

Overview

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The Department of Economics is one of the oldest Departments, established in 1965, under the Faculty of Social Sciences. The department is highly reputed and well-recognized in the city for its Programmes, viz., Economics & B.A (Hons) In economics,  Programmes as it has always maintained high standards of the teaching-learning process. The Department of Economics has started MA-Economics from academic year 2022-23.

The teaching programmes in the Department are focused on proper blending of 'quality' and 'relevance’. The department of economics have its planning forum. Department keeps changing the syllabus from time to time, updating of syllabus in conformity with the advancement of the knowledge in the subject with equal emphasis on theoretical and applied economics. Department also conducting remedial coaching for vernacular medium students.

Department introduces “Arthmantra Fest" to enhance the knowledge of the students. Department makes tutorials more effective by establishing close student-teacher contact. Department also organized doubt clearing lecture, Guest lecture & study tours for the students..

Objectives

    The mission of the department is to provide, teaching for a better understanding of the global, national and local economic issues that will face our society now and in the future. In this backdrop we aim:

  • To provide our students with appropriate analytical skills to lay the groundwork for lifelong learning.
  • To make our students to understand microeconomic and macroeconomic concepts, and their applications.
  • To enable our students to become policy-literate and thus be more informed as citizens.
  • ...
  • To prepare our students for successful careers as applied economists.
  • To prepare our undergraduate students for postgraduate training in economics.
  • To enable students to think critically about economics models, evaluating their assumption and implication.
  • To emphasize the importance of making choices between desirable alternatives.

Courses Being Taught

FYBA SEM I & II

Microeconomics I & II

SYBA SEM III

Macroeconomics & Public finance

SYBA SEM IV

Macroeconomics & Indian Economy

TYBA SEM V

PAPER-IV: Advanced Microeconomics - III

PAPER-V: Economics Of Growth & Development

PAPER-VI: Economics Of Agriculture

PAPER-VII: Research Methodology - I

PAPER-VIII: Environmental Economics - I

PAPER-IX: History Of Economic Thought - II

TYBA SEM VI

PAPER-IV: Advanced Macroeconomics III

PAPER-V: International Economics

PAPER-VI: Economics Of Co-Operation

PAPER-VII: Research Methodology-II

PAPER-VIII: Environmental Economics - II

PAPER-IX: History Of Economic Thought-II

FYBCOM I & II

Business Economics

SYBCOM III & IV

Business Economics III & IV

Travel and Tourism management III & IV

TYBCOM V & VI

Business Economics V & VI

Rural Marketing I & II

Staff

Dr. Nirmala Pawar

Head of Department

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Mr. Badrinath Katare

Assistant Professor

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Ms. Pooja Choudhary

Assistant Professor

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Mr. Vishal Singh

Assistant Professor

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Ms. Jagruti Parab

Assistant Professor

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Mr. Praveen Dubey

Assistant Professor

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Ms. Mugdha Savale

Assistant Professor

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Departmental Associations

Upcoming

Eminent Alumni

  • Mr. Balu Pawde

    currently pursuing Ph.D. from IIT Bombay

    Mr. Aaditya Anand

    completed his MSC in international business from Aston University, UK

  • Mr. Javed Shah

    working as Assistant Professor at B.L. Amlani College.

Board of Studies

Sr. No. Name Designation
1 Dr.Nirmala Pawar Head Dept. of Economics Bhavan’s College, Andheri Chairperson
2 Prin. (Dr.) Gopal Kalkoti Prin. (Dr.) Gopal Kalkoti Principal, MVM College, Andheri West, Mumbai Vice Chancellor’s Nominee
3 Prof . (Dr.) Subhash Patil Head Dept. of Economics, SNDT University, Pune Member from other University
4 Dr.Rajendra Rasal Head Dept. of Economics CSM’s Arts and Commerce College, Chakan, Khed, Pune. Member from Other University
5 Dr. Mukta Pote Dept. of Economics, S.K. Somaiya College, Mumbai. Member from parent university
6 Mr. Rahul Dandekar Dept. of Economics L.S. Raheja College, Ville Parle, Mumbai Member from Parent University
7 Ms. Reshma Lala Sales Manager Leela Hotels, Mumbai Member, Industry representative
8 Ms. Khushboo Lala Dept. of Economics, Bhavan’s College, Andheri West, Mumbai Member, Alumni Representative
9 Mr. Badrinath Katare Dept. of Economics, Bhavan’s College, Andheri (Member and Secretary) Department Faculty

Photo Gallery

PO, PSO and CO of Revised Syllabus

PO A student completing in Economics program will be able to :
PO-1

To foster a scientific attitude, provide in depth knowledge of scientific and technological concepts of Economics and its applications.

PO-2

To enrich knowledge through problem solving, minor/major projects, seminars, tutorials, review of research articles/papers, participation in scientific events, study visits, etc.

PO-3

To familiarize with recent scientific and technological developments, Research project

PO-4

To create a foundation for research and development in Economics. To help students to learn various experimental and computational tools thereby developing analytical abilities to address real world problems.

PO-5

To train students in skills related to research, education, industry and market.

PSO A student completing the course program in the subject of Economics will be able to:
PSO-1

Understand the basic concepts of Microeconomics.

PSO-2

Understand various theories of Macroeconomics.

PSO-3

Analyze consumer behavior for utility maximization.

PSO-4

Consumer’s Equilibrium with the help of Budget Line and Indifference Curve.

PSO-5

Apply pricing and output decisions in diverse market structure.

PSO-6

Equilibrium under various profit and loss conditions.

F.Y.B.A.

Semester-I & II

Outcome: This course exposes students to the basic principles of Microeconomics. Students are able to develop analytical thinking with the help of statistical and economic tools and develop the skill of application of microeconomics concepts to understand and implement in real life experiences.

This paper provides supply side knowledge of Economics to the students, thus enhancing their knowledge and expertise about the aspects of production, cost and revenue analysis, pricing practices, capital budgeting and understanding the different forms of market structure and helping them understand the implementation of these concepts.

F.Y. B.Com

Semester-I & II

Outcome: This paper provides students with an overall introduction to economics, dealing with allocation and distribution of scarce resources problems in an optimal manner. It builds their knowledge and expertise with the basic tools of business economics and understand the operation of markets. Economics issues and solutions are

discussed with the help of numerical examples and case studies, wherever applicable.

This paper has increased the knowledge and understanding of students with respect to the forms of market structure and their practical applicability in businesses and the importance of evaluating projects based on their capital budgets and optimum utilization of resources with maximum profit being the ultimate aim.

SYBA

Semester-III & IV: Public Finance

Outcome: The students learn about the scope of public finance, policy framework carried out by the government and its taxation policy. In depth knowledge about the expenditure, debt, taxation and budgetary reforms help the students to understanding the functioning of the government. Distribution of income and wealth and issues of deficit are studied by the students.

SYBA

Semester-III & IV: Indian Economy

Outcome: Students learn about the various issues in the economy and its impact on the economic growth and development over a period of time. Students learn about the activities of the agriculture sector, industrial sector and service sector and their respective contributions to the economy. Students are made aware about the recent progress of the economy and future aspects.

SYBA

Semester-III & IV: Investment Management

Outcome: Students understand the practical applicability of different investment instruments. Students learn about the techniques of fundamental and technical analysis which help them to understand the basics of investment selection. Students will be made aware of all aspects of investments and its management as well.

Students will understand the benefits of investment options and players in securities market. Students will know how to apply different valuations to evaluate liquidity premium hypothesis, advantages and disadvantages of blue chips emerging and how to use different derivative securities market to manage their investment risks.

SYBA

Semester-III & IV: Macroeconomics

Outcome:The students learn about the various concepts of Macroeconomics like National Income, Circular Flow of Income and their relevance in various government decisions and policies. The students learn about the banking system and its approach towards the economy. The students also learn the importance, characteristics of money along with its demand and supply forces.

The students learn about the economic policies adopted by the government and their effects onto the economy. Inflation, its impact and the Phillips Curve provide insights about the working of the economy. The students learn about the changes taking place in the external sector of the country along with the exchange rate policy adopted.

SYBCOM BUSINESS ECONOMICS

Semester-III & IV:

Outcome: This paper provides students with the detailed understanding of significant macroeconomic theories and principles. Important concepts related to trade cycles, national income, Keynesian and Post-Keynesian Developments in Macroeconomics are taught to the students to help them gain knowledge about these topics. Students will be able to recognize the basis of money supply, prices and inflation.

On successful completion of the course, students should be able to demonstrate a good understanding of the fiscal framework for taxing and spending and of fiscal policy principles. To understand and discuss the revenue, expenditure and debt pattern of modern governments.To discuss the efficiency and distributional effects of taxation and to describe the government budget.

SYBCOM TRAVEL AND TOURISM MANAGEMENT-I

Semester-III & IV:

Outcome: Students will understand the fundamentals of tourism from the management, marketing and financial perspectives. They would also understand the concepts of travel & tourism, the framework of the system, types and forms of tourism as well as the impacts of tourism. This paper will describe the different types of tourism resources of India and their importance in tourism management.

This paper makes the students aware of the customer relationship management and various procedures and documentations applicable in daily life. The students are taught about the different tourism organizations operating in India and also the CSR adopted by firms within the industry. Lastly the students study about the Public Private Partnership Model which is essential for bringing about growth in the tourism sector.

TYBA ECONOMICS

Semester-V & VI PAPER-IV: ADVANCED MICROECONOMICS - III

Course Outcome:

  • Enables students to get knowledge on new market structure, imperfect competition.
  • Provides understanding on the welfare economics and economics of information.

PAPER-V: ECONOMICS OF GROWTH AND DEVELOPMENT

Course Outcome:

  • Enable students to apply and analyse issues in the development process.
  • Students will be able to identify the issues related to Growth and Development
  • Students will be able to understand the policy options and analyzed the Measures taken for the Development of an economy.

PAPER-VI: ECONOMICS OF AGRICULTURE

Course Outcome:

  • Students will obtain information regarding various agricultural issues in India and remedies for it. Making awareness about self- employment through various local business like agro- tourism, travel agents, horticulture, floriculture, fishery and animal husbandry

PAPER-VII: RESEARCH METHODOLOGY – I

Course Outcome:

  • The learners will understand and inculcate research in Economics
  • The learners will exchange ideas and application of results of economic research.
  • The course will help in formulation of problems in social science research.
  • The students will understand data collection and presentation for quality research in social sciences.

PAPER-VIII: ENVIRONMENTAL ECONOMICS – I

Course Outcome:

  • On the completion of this course, the student will have a good understanding of contemporary environmental issues and their relation to economic development.
  • The learner will be equipped to understand the methodologies and tools of valuing the environment.
  • In the light of international environmental agreements, the learners will be able to understand the global approaches and policies adopted by India to deal with the environmental issues.

PAPER-IX: HISTORY OF ECONOMIC THOUGHT - I

Course Outcome:

  • Students will get information about the genesis of Economics and its modern scenario.
  • Establish the co-relation of Economics with other subject.

TYBA ECONOMICS

Semester-VI Revised Syllabus

PAPER-IV: ADVANCED MACROECONOMICS – III

Course Outcome:

  • To make students aware about Post Keynesian Synthesis and understand various aspects of Trade Cycles.
  • Students will be able to describe the contemporary Exchange Rate Regimes and International Monetary System.

PAPER-V: INTERNATIONAL ECONOMICS

Course Outcome:

  • Students will be able to understand the trade theories and determinants of trade which helps them to analyze the international trade policies.
  • Students will be able to understand the role of various international institutions and trade blocks and their approaches in framing the policies for trade.

PAPER-VI: ECONOMICS OF C O-OPERATION

Course Outcome:

  • Students can understand the basic Principles of Cooperation, Globalization and Cooperation.
  • Provides information about co-operative Movement in India and its performance and role in rural development.
  • Students get introduced to the problems and measures of agro industries and Cooperative farming and Leadership in cooperative development.

PAPER-VII: RESEARCH METHODOLOGY – II

Course Outcome:

  • The learners get assimilated to the research culture in Economics through application of Statistics.
  • The learners will understand the concept of index number with its use and applications.
  • The course will help in formulation of hypotheses and its testing in social science research.
  • The students will understand the writing of social science research reports with its various types, organization and styles.

PAPER-VIII: ENVIRONMENTAL ECONOMICS - II

Course Outcome:

  • Students are empowered about the environmental challenges and the need for environmental accounting
  • Develop understanding on the policy measures to attain SDGs.

PAPER-IX: HISTORY OF ECONOMIC THOUGHT-II Course Outcome

Course Outcome:

  • Students will get information about the genesis of Economics and its modern scenario.
  • Students get familiarized with the leading Indian economists who significantly contributed to the stream of Indian economic thought

TYBCOM

Semester V & VI

BUSINESS ECONOMICS-V

Outcome:

  • Students would understand the impact of the New Economic Policy and the different policy measures for Sustainable Development and Foreign Investment.
  • Students would understand the role of agriculture and the problems associated with the sector.
  • Students would be aware of the recent trends, role and growth of the Secondary and Tertiary sector.
  • Students would learn about the Structure, Growth and Reforms in Financial Markets.
  • Students would understand the impact of the New Economic Policy and the different policy measures for Sustainable Development and Foreign Investment.
  • Students would understand the role of agriculture and the problems associated with the sector.
  • Students would be aware of the recent trends, role and growth of the Secondary and Tertiary sector.
  • Students would learn about the Structure, Growth and Reforms in Financial Markets.

RURAL MARKETING-I & II

Outcome:

  • The course aims to familiarize the students with the basic concepts of Rural Marketing, the nature of the Rural Consumer, and marketing of agricultural inputs and produce.

List of student placed innvarious organizations:

  1. Sushmita santosh Gaikawad , Designation- Cabin Attendant (IFS), Company- Indigo, Intergloble Aviation limited
  2. Musarrat Shaikh, Designation- Advisor as a teleperformance

List of Students placed in Various Organizations

  1. Sushmita santosh Gaikawad : Cabin Attendant (IFS), Company- Indigo, Intergloble Aviation limited
  2. Musarrat Shaikh: Advisor as a teleperformance