The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
The Department of Economics, Bharati College, was established in 1971. The programmes offered by the Department are designed to provide a general understanding of the functioning of the economic system and the role of institutions, groups, and regions within that system. It also endeavours to prepare the student for employment in the industry, professions, and government, or to pursue graduate work toward advanced degrees in economics or related fields.
The department offers Economics as a main subject in BA. Programme course, wherein the students study Microeconomics, Macroeconomics, and Economic Development and Policy for India. Further, the department offers several Skill Enhancement Courses to BA. Programme students, including Understanding Union Budget and Economic Survey, Research Methodology, Data Analysis, Basic Computational Techniques for Data Analysis. In addition to this, BA. (Hons.), BCom (Hons.), and BSc (Hons.) students can study Microeconomics, Macroeconomics, Indian Economy-I and Indian Economy-II in Semester I, II, III and IV respectively, by opting for Economics as a Generic Elective subject. Concurrently, BA. Programme and BCom. Programme students get the opportunity to opt for Economics as a Generic Elective in final year, where they enrich their knowledge with the Issues in Economic Development, Indian Economy since 1947, Principles of Microeconomics and Macroeconomics.
The skills developed through studying economics are incredibly versatile and can be employed in a wide range of industries. An economics student will be comfortable in dealing with numbers as well as experienced in using innovative techniques to overcome problems. She will have developed an analytical mind alongside a strong economic awareness of the world, skills which can be transferred to numerous industries, both in the public as well as the private sectors. In the government sector, one may try for the Indian Economic Service (IES), jobs in the Reserve Bank of India, PSUs and public sector banks. The private sector also offers jobs for economic graduates in organisations like private banks, MNCs, BPOs, KPOs, business journals and newspapers. Good opportunities also await economic students in higher education. One can make a successful career by progressing into MA (Economics), MBA, MBE, LLB, etc. One can pursue PhD in economics to enter into the field of teaching in colleges and universities.
The vision of the Department of Economics consists of exploring the economic study and analysis, policy framing and implementation issues faced by the Indian economy along with the analysis of other economies in the world. The department strives to reach standards of excellence in teaching, research and consultancy. It recognizes the growing demand for trained manpower in industry, government, research and other sectors as well as nurturing future researchers and specialists in economics, and tries to meet this demand in a committed manner.
The mission of the Department of Economics consists of several components to prepare our students for successful careers, primarily including imparting them highest quality instruction, training them in the methods and ideas of modern theoretical and applied economics, and also engaging in scholarly activities to supplement their knowledge. Above and beyond these, the department aspires to provide service to the college and greater community.
The faculty and students of the Department of Economics helmed the setting up of the college’s Economics Society “Freakonomics”. The society provides a platform to students and faculty to complement their theoretical knowledge with real-life economic, political and social issues and also blend it with interesting fun activities.
Economics is one of the evergreen and widely acclaimed subjects because of its high utility and huge demand in the job markets. Economics, at its core, is the study of how to evaluate alternatives and make better choices. It develops critical-thinking and problem-solving skills to make good decisions. It develops analytical skills to examine data to support good decisions. These skills are desired across careers in the public and private sectors. It has been consistently witnessed that employers want the skills gained from studying economics—the ability to make decisions, solve problems, obtain and process information, analyze data, and write and speak effectively.
Career avenues for an economics student range from the teaching profession, to Civil Services, banking service within the public sector, private and foreign banks, international agencies, consultancy and entrepreneurship. Our economics student are serving in different multinational organizations as Economist, Financial Risk Analyst, Data Analyst, Financial Planner, Cost Accountant, Economic Researcher, Business Economist, Investment Analyst, Actuary etc.
Teacher- In- Charge - Dr. Vandana Yadav
