Department of Economics

About the Department

When the college was established in 2008-09, the Department of Economics was also established. It is one of the major departments of the college, affiliated with Savitribai Phule Pune University for UG level, providing education in general and special level subjects of economics. The department runs BA and B.Com programs. Faculty members have published numerous research papers.

Vision and Mission

Vision:

To increase interest among students towards the economics subject and motivate them to stay updated with current economic developments.

Mission:

To provide students with a better understanding of global, national, and local economic issues through teaching, preparing them to confront societal challenges now and in the future.

Aim:

• To develop economic thinking among students.

Objectives:

1. To create general awareness about economics among students.
2. To foster an environment supportive of solving local problems and economic issues.
3. To assist students in applying economics to real life.
4. To guide students on various job opportunities.
5. To motivate students to prepare for competitive examinations.

Faculty Profiles

Course Offerings

FYBA

• Economics G1: Indian Economic Environment I & II
• FYBCom: Business Economics I & II (Micro)

SYBA

• Economics G2: Financial System I & II
• Economics S1/S2: Micro Economics I & II, Macro Economics I & II
• Skill Enhancement: Basic Concept of Research Methodology I & II

TYBA

• Economics G3: Indian Economic Development I & II
• Economics S3/S4: International Economics I & II, Public Finance I & II
• Skill Enhancement: Business Management I & II (Project Work)

Programme Outcomes

• PO1: To provide in-depth knowledge of socio-economic aspects.
• PO2: To familiarize with current and recent developments in Economics.
• PO3: To enrich knowledge through problem-solving, hands-on activities, and projects.
• PO4: To provide comprehensive knowledge in micro and macro Economics, Public Economics, Indian Economy, and Agricultural Economics.
• PO5: To develop analytical abilities towards real-world problems.

Programme Specific Outcome

• PSO1: Students will have in-depth knowledge of basic concepts in Economics after completing the program.
• PSO2: A good academic background to seek admission for a master’s degree in Economics.
• PSO3: An academic background to crack banking and administrative examinations.

Course Outcomes

F.Y.B.A. G-I (CBCS- 2019)

• Indian Economic Environment: To make the students aware of the various sectors of the economy in detail and highlight the potential of the Indian economy.

S.Y.B.A. [G2] SEM-III/SEM-IV (CBCS- 2019)

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

S.Y.B.Com. SEM-III/SEM-IV (CBCS- 2019)

• Business Economics (Macro):
  • Understand the basic concepts of Macro Economics and its application.
  • Analyze various concepts of Macro Economic Variables.
  • Identify various difficulties in National Income Accounting.
  • Explain Theories of Output & Employment.
  • Discuss the Concepts of Consumption and Saving.

T.Y.B.Com. (CBCS-2019)

• Semester V: Indian & Global Economic Development-I
  • To develop the ability to analyze the economic development process of India.
  • To impart knowledge about the relevance of economic practices in the modern competitive world.
  • To help students develop a sound theoretical foundation for their future academic ventures.
• Semester VI: Indian & Global Economic Development-I
  • To develop the ability of students to analyze the economic development process of India.
  • To acquaint students with recent trends in the Human Development Index.
  • To familiarize students with emerging issues in India’s foreign trade policies.
  • To update students about international institutions and organizations.

T.Y.B.A. (CBCS-2019)

• Semester V: Indian Economic Development -I
  • The course will be useful for learners aiming towards careers in the government sector, policy analysis, and the social sector. It provides an overview of aspects of economic development with special reference to India and introduces the learner to the main concepts in economic and human development.
• Semester VI: Indian Economic Development -II
  • This course covers the process of Economic Planning and the Development Goals. It aims to introduce the learner to the main concepts in Economic Planning and the planning process in India, while familiarizing them with Sustainable Development Goals and the relation between Economic Development and Environment.

Student Enrollment

Enrollment Statistics (2018-2024):

Sr.No.	Class	Subject	2018-19			2019-20			2020-21			2021-22			2022-23			2023-24
			M	F	T	M	F	T	M	F	T	M	F	T	M	F	T	M	F	T
1	FYBA	Economics G1	59	19	78	78	16	94	32	11	43	53	22	75	34	13	47	29	12	41
2	SYBA	Economics G2	18	1	28	17	15	32	21	01	22	16	03	19	18	08	26	05	06	11
3	SYBA	Economics S1	16	07	23	13	12	25	15	00	15	11	02	13	16	06	22	04	02	06
4	SYBA	Economics S2	16	07	23	13	12	25	15	00	15	11	02	13	16	06	22	04	02	06
5	TYBA	Economics G3	15	14	29	04	06	10	14	13	27	10	00	10	05	01	06	19	06	25
6	TYBA	Economics S3	12	06	18	03	04	07	12	10	22	07	00	07	05	01	06	18	05	23
7	TYBA	Economics S4	12	06	18	03	04	07	12	10	22	07	00	07	05	01	06	18	05	23

Achievements

Ms. Kale Nilam N.

Mr. Nehe M.D.

Activities

• Industrial Visit:
  • Date: 08 Feb 2024
  • Location: Sahakar Maharshi Bhausaheb Santuji Thorat Sugar Industry, Amrutnagar
  • Objective: Interaction with industry personnel, understanding industrial procedures, and experiencing the working environment.

• Field/Industrial Visit Report (2023-24):
  • Location: Sangamner Taluka Sahakari Dudh Utapadak Prakriya Sangh, Rajhance, and Sahakar Maharshi Bhausaheb Santuji Thorat Sahkari Sakhar Karkhana Ltd.
  • Participants: 70 students and 8 faculty members.
  • Objective: Provide insights on the production process, sales, distribution, packaging, warehousing, and factory working culture.
  • Outcome: Enhanced practical understanding of industrial operations and linkage of academic knowledge with real-world applications.