The department of economics is one of the pioneering departments of the faculty of social sciences that impartknowledge about how people interact with things of value; in particular, the production distribution, and consumption of goods and services.  It has been in operation since its inception in 2007.The Department of Economics offers three primary types of studies in economics to the students. It provides solid introduction to the general principles and analytical methods of economics to the students. It acquaints students with different courses of economics which are mentioned as below:

• Specialized courses, focused on the business world and its environment.
  The goal of these in-depth courses is to provide students with a general mastery of the basic methods of Economic Science and their diverse applications, so that they may assertively pursue economics-related careers, whether in industry, in the financial sector, or in national or international institutions.
• Macroeconomics and Labor Economics:Fluctuations, probability and finance, commerce, economic policy, welfare theory, education economics;
• Microeconomic Theory and Applications:industrial economics, competition, social choice theory, mechanism design and economic modeling;
• Economics and Sustainable Development:climate change economics, efficient use of resources, protection of environment and dwell on the need of coming generations.

The curriculum  effectively prepares students who intend to become professional
The career opportunities for students of economics are plentiful and can be found across many different domains, in both the public and private sectors, including careers in insurance, finance, industry, sustainable development, and the environment.

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements.

Faculty:

Nikita Gupta

ECONOMICS

MA, M. Phil, Ph. D.

Assistant Professor