Economics employs a quantitative, data-based, problem-solving method towards understanding the behaviour of human beings. It is a field of study that tracks, studies and predicts human behaviour. It is one of the most important and relevant skills for the world today, helping us choose wisely when it comes to our personal, social and professional lives (Financial Express, June 04, 2018).
Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives; from the decisions we make to the structures created by governments and firms. The economic way of thinking can help us make better choices. An undergraduate degree in economics seeks to educate students about how choices are made by consumers, workers and firms, and how these decisions aggregate into economy-wide phenomena. Economics is thought of as a collection of questions to be answered or puzzles to be worked out. Most important, economics provides the tools to work out those puzzles.
Economics helps you understand the major problems facing the world today, prepares you to be a good citizen, and helps you become a well-rounded thinker.
Economic issues attract much attention today. Unemployment, inflation, interest rates, exchange rates, jobs, productivity, investment are terms encountered daily in the media. It is not always easy to unravel the mass of information which is conveyed. Economics is the discipline that seeks to understand such phenomena and analyze the relationships between them. More precisely, Economics examines how a country’s resources are used to fulfill the needs of its citizens. It is concerned with the production, distribution and consumption of goods and services. A well-trained economist develops many sensibilities and capacities to understand and improve the working of various facets of life. The undergraduate program is designed to help produce economists who are socio-politically engaged, quantitatively adept, historically informed and philosophically grounded. Keeping in mind the above objectives, the new UG Curriculum has incorporated many of the recent developments in economic thinking.
Aims and Objectives
The Bachelor’s degree Programme in Economics aims to provide theoretical and practical knowledge that makes accurate analysis of the economic situation possible. A graduate in Economics must be able to understand the interrelation between the economy and society; to consider economic problems from a global perspective and take a local approach to solving them; to make connections between an economic system’s different components; to gauge the implications of decisions related to economic policy; and to respond to the economic problems arising from society in general and the different units that interact therein (e.g. institutions, private companies and sectors of the economy). The curriculum covers basic theories in Economics to the impact of the 2008 global financial crisis. It provides an excellent background for those who plan careers in government and private enterprise as well as those pursuing graduate degrees in professional schools or in the field of economics
The learners are expected to demonstrate the following:
Today Economics offers great employment potential in a business driven world. The course aims to fill the gap in the supply of trained economists analysts in the country. The annual intake into the programme is 60.