Department of Economics

Course Description :

Economics is increasingly becoming an applied science and assumes greater importance in today‟s highly globalized world. The subject has emerged as an important one due to its wide applications in industry and policy making. The requirements for economics graduates and post graduates who are equipped with strong theoretical background, analytical tools and decision-making skills have been increasing during last some decades, especially after India introduced new economic reforms. The reforms aimed to liberalize and globalize Indian economy by allowing domestic and foreign private investors to invest in new areas where they were not permitted to enter earlier. With private investors setting up new enterprises, especially in service sectors like banking and insurance, IT and IT related services, investment firms and mutual funds etc..., the job opportunities for the graduates and post graduates in Economics, who possess core competencies like analytical skills, managerial expertise and economic forecasting have increased. Therefore, the main aim of B.A Economics Programme of NASRA College is to create a strong foundation in economic theory among the students. An attempt is also made to include the recent economic issues and their implications. The syllabus mainly consists of introductory courses on core subjects of economics. The foundation courses such as Microeconomics, Macroeconomics, Mathematical Methods and Quantitative Methods are introduced in the first two years of the Programme. In the third-year otherelementary subjects are offered. In the fifth semester a course on History of Economic Thought is provided to enlighten students on the philosophical evolution of the subject. With an aim to equip students for competitive exams two papers are offered on Indian Economic Development in line with syllabuses of UPSC and RBI Exams. Our course will give you a solid foundation in the core, pure, and theoretical economics. While this specialised degree focuses on economics, it also incorporates ideas and approaches from a variety of other disciplines, such as mathematics, statistics, and history. Through studying economics it help students to gain a better understanding of development economics, public policy, banking, behavioural economic foundations, health economics, and environmental economics.