The Department of Economics as a part of B.M. Ruia Girls’ College started B.A. ECONOMICS since 1979 as a major subject in Hindi Medium affiliated to S.N.D.T. Women’s University and M.A. ECONOMICS since 2011-2012 in Hindi and English Medium.
The study of Economics as a major discipline at undergraduate or postgraduate level, encourages analytical thinking and a pragmatic approach for solving economic problems. The study of economics has become more significant in the era of globalization as a result of emerging nations' persistent interest in reorganizing their economies for better diversity, efficiency, and priorities. This programme offers Advanced Microeconomics, Public Finance, International Economics, Research Methodology, Growth and Development, Indian Economy courses, among others. These courses are upgraded to meet objectives of National Education Policy 2020. This curriculum reflects current economic realities along with enhances knowledge and employability skills of students. The curriculum aims to improve students' analytical abilities, in addition to providing a strong foundation of Economic Theory. The focus of these programmes (BA or MA), is to adopt understanding of problem– analyzing – solving issues specific to India, using wide range of theories and approaches of economic analysis. Students enrolled are able to learn the process of rational decision-making with the help of economic theory. This makes them responsible decision-makers who can apply their cognitive skills to solve problems in professional and personal life. The department offers Economics as a Disciplinary Component to B.A. Hindi Medium students of B.A. I, II and III year and as an Ancillary Component A.C. Subject to B.A. of any other subject students of B.A. I and B.A.II. Department also offers compulsory courses in Economics included in the B. Com. Programme, from B. COM I, II and III and MCOM1 and II. The Department offers Postgraduate Programme MA Economics as well and conducts compulsory Economics courses incorporated in the MCom programme.
Economics as a Discipline of study, provides a platform to obtain employment in diverse professions, such as, the Indian Economic Services, Indian Administrative Services, Investment Banker, Investment Advisor, Banking sector, Stock Market Analysts, Banker, Respectable Jobs in Niti Ayog, and a long list of career options in the corporate sector, financial sector as well as in the NGOs for students enrolled in the UG or PG programmes with either major or minor or ancillary component of Economics. Economics consists of the study of all activities which are connected to the economic activities of human beings at household, local, national and global levels with intention towards human wellbeing and development. Economics is a social science that focuses on the production, distribution, and consumption of goods and services and analyzes the choices that individuals, businesses, governments, and nations to allocate resources.
The Department of Economics of B. M. Ruia Girls’ College is committed to provide enrolled students in undergraduate or postgraduate programmes or courses, a better understanding of all economic activities in their day-to-day life by giving them real-life examples and field visits, surveys, innovative assignments and guide them for their employability.
| Class | Course | Code |
|---|---|---|
| F.Y B.A. Sem I | D.C.I/A.C.I- Economy of Maharashtra | 145106/175106 |
| D.C.II-Principles of Economics | 145206 | |
| F.Y.B.A Sem II | D.C.III/A.C. II-Macro Level Problems in the Economy of Maharashtra Since 1991 | 245306/275206 |
| D.C.IV-Basics of Money Banking International Trade and Economic Development | 245406 | |
| S.Y B.A. Sem III | D.C.V/A.C.III-Sector-Wise Features of the Indian Economy Since 1991 | 345506/375306 |
| D.C.VI-Theory of Value | 345606 | |
| A.P.C.I-Entrepreneurship Development | 365106 APC -I | |
| S.Y.B.A. Sem IV | D.C.VII/AC IV-Problems and Policy in Indian Economy Since 1991 | 445706/475406 |
| D.C.VIII-Theory of Distribution and Welfare Economics | 445806 | |
| A.P.C.I- Labour Economics | 465206 APC II | |
| T.Y. B.A. Sem V | D.C.IX-Theory of Employment | 545906 |
| D.C.X-International Economics | 546006 | |
| D.C.XI-Research Methodology | 546106 | |
| D.C.XII Banking and Financial Institutions | 546206 | |
| Agricultural Economics | 565306 APC -III | |
| T.Y.B.A Sem VI | Business Cycles and Stabilization Policies | 646306 |
| Economics of Development | 646406 | |
| Statistics Techniques | 646506 | |
| Public Finance | 646606 | |
| Industrial Economics | 665406 APC -IV |
Structure with Course Titles
Post Graduate Programme of TWO Years:
Year I
| Courses | Type of Course | Credits | Marks | Int | Ext |
|---|---|---|---|---|---|
| Semester I | |||||
| Advanced Microeconomics-I | Major (Core) | 4 | 100 | 50 | 50 |
| Economics of Growth & Development-I | Major (Core) | 4 | 100 | 50 | 50 |
| Public Economics | Major (Core) | 4 | 100 | 50 | 50 |
| International Trade-I | Major (Core) | 2 | 50 | 50 | 0 |
| Industrial Economics OR Statistics for Economics | Major (Elective) | 4 | 100 | 50 | 50 |
| Research Methodology | Minor Stream (RM) | 4 | 100 | 50 | 50 |
| 22 | 550 | 300 | 250 | ||
| Semester II | |||||
| Advanced Micro Economics-II | Major (Core) | 4 | 100 | 50 | 50 |
| Economics of Growth & Development-II | Major (Core) | 4 | 100 | 50 | 50 |
| Agricultural Economics | Major (Core) | 4 | 100 | 50 | 50 |
| International Trade-II | Major (Core) | 2 | 50 | 0 | 50 |
| Modern Banking OR Mathematical Economics OR Labour Economics | Major (Elective) | 4 | 100 | 50 | 50 |
| Internship | OJT | 4 | 100 | 50 | 50 |
| 22 | 550 | 250 | 300 |
Exit option: (44 credit) after Three-Year UG Degree
Year II
| Courses | Type of Course | Credits | Marks | Int. | Ext |
|---|---|---|---|---|---|
| Semester III | |||||
| Advanced Macroeconomics-I | Major (Core) | 4 | 100 | 50 | 50 |
| Indian Economy-I | Major (Core) | 4 | 100 | 50 | 50 |
| History of Economic Thought | Major (Core) | 4 | 100 | 50 | 50 |
| Economy of Maharashtra | Major (Core) | 2 | 50 | 0 | 50 |
| Rural Development OR Basic Econometrics OR emography | Major (Elective) | 4 | 100 | 50 | 50 |
| Research Project-I | RP | 4 | 100 | 50 | 50 |
| 22 | 550 | 250 | 300 | ||
| Semester IV | |||||
| Advanced Macroeconomics-II | Major (Core) | 4 | 100 | 50 | 50 |
| Indian Economy-II | Major (Core) | 4 | 100 | 50 | 50 |
| Urban Economics | Major (Core) | 4 | 100 | 50 | 50 |
| Gender and Economic Development OR Applied Econometrics OR Environmental Economics | Major (Elective) | 4 | 100 | 50 | 50 |
| Research Project-II | RP | 6 | 150 | 100 | 50 |
| 22 | 550 | 300 | 250 |
| Class | Course | Code |
|---|---|---|
| F.Y B.COM. Sem I | Business Economics: Theory of Consumer Behaviour & Demand | 145105 |
| F.Y.B.COM Sem2 | Business Economics: Theory of Production, Costs & Competitive Markets | 245205 |
| S.Y.B.COM Sem3 | Aspects of Macro Economics | 345305 |
| S.Y.B.COM Sem 4 | International Trade & Business | 445405 |
| T.Y.B.COM Sem 5 | Public Finance & Banking | 545505 |
| T.Y.B.COM Sem 6 | Issues in Indian Economy | 645605 |
| M.COM Sem 1 | Economic and Business Policies | 113114 |
| M.COM Sem 2 | Economic and Business Environment | 213114 |