ABOUT THE COURSE:

Bachelor of Arts in Economics or BA Economics subjects are centred on the foundation course topics like: microeconomics, macroeconomics, econometrics, and mathematical economics. It is through these core subjects that students develop essential skills of quantitative ability and critical thinking. In addition, the BA in Economics course also includes connected specialised subjects like public economics, finance markets, development and international trade, which can help the students to custom fit according to their career goals and aspirations.

              Students through taking the BA Economics as a course learn data literacy and critical thinking, which include advanced analytical skills. Such skills put students on the path to well-paid, professionally challenging careers. A diverse range of economics skills are in high demand by organisations engaged in fields such as public policy, management consulting, statistics analysis, journalism, finance, and entrepreneurship. Such employers recruit those who have received a well-balanced education in both theory and data analysis. At the starting salary for BA Economics graduates it usually is around INR 3,60,000, and it grows to INR 30,00,000 and more by the time an individual rises to a management role.

              As the digital platform in sectors such as e-commerce, digital finance, and data analytics, are increasing, the Indian economics graduates have multiple career opportunities to explore. Their elixir of statistical, logical, and economic thinking techniques is crucial in these new tech-focused positions. In addition to domain knowledge, a BA Economics degree also cocreates a versatile thinking that is applicable in different transitions. This makes them highly capable of functioning in a wide range of work environments.

                     

Vision :

Our vision is to provide awareness of economic entrepreneurial and social conditions which will facilitate understanding of economic issues leading to policy making. To equip students with skills and knowledge in the use of the economic theory and practice in the evaluating job maker.

Strive for excellence, impart relevant knowledge, skills and equip a diverse group of students to deal with emerging challenges.Strong foundation about theoretical and applied concepts.To think critically, innovatively go beyond classroom learning to develop Entrepreneurial and social Skills.

Mission :

• To provide our students with appropriate statistical and analytical skills to lay the groundwork for lifelong learning;

• To enable our students to become policy-literate and thus be more informed as citizens;
• To prepare our students for successful careers as applied economists; and
• To prepare our graduate students for postgraduate training in economics, law and business administration.

Department Objectives :

• To initiate the students into the acquisition and application of diverse Economic Theories.
• To develop the potential among students for higher education, research, and career placement.
• To empower the students with critical, analytical and creative use of theory to understand the socio-economic environment and approach the contemporary problems with better solutions.

Department History:

The Department of economics was established in this college with B.A.HEP Course in the year 2018-19 with a view to provide quality Economics Education to the students of this area. Eminent faculty served at this deportment. To fulfill the needs of the students, B.A.HEP introduced in the year 2018-19. As a part of bucket system our college introduced B.A.HECA along with B.A.HEP. The Deportment of Economics is one of biggest deportment at college in terms of students enrolment.

VALUE ADDED COURSES:

Department of Economics in TTWRDC (W), RajannaSiricilla taken initiatives in collage for degree students to providing some certificate courses to develop self-Employability skills.

Course code: 021

Fundamentals of Microeconomics:

       Duration and Class Schedule

• This course is offered for 36 hours, with one batch in an academic year.
• Duration : 3 Months, weekly 3 sessions,of 3 hours each from 3pm - 4pm, per week, that is 3 hours per week.
• Class Schedule :  Classes shell be conducted on Thursday, Friday & Saturday days from 3pm - 4pm ( 3 hour per week).
• Total number of hours is 36 hours.

OBJECTIVE: -

• To guide the students towards self-employable
• To Develop an entrepreneurial mindset among participants.
• To Provide knowledge of the fundamental concepts of micro economics.
• To Teach practical skills for business planning and execution.
• To Enhance understanding of marketing and pricing strategies.
• Studentswillbeabletorecognize,applyandanalyzeconcepts and theories in microeconomics.

 Course outcomes:

By the end of the course, students shall be able to:

• Understand basic concepts of Economics
• They able to understand Nature, Definition and Scope of Economics.
• Understand Micro and Macro Analyses.
• They able to understand concept of demand and demand analysis.
• They able to Understand Supply Analysis.

Syllabus

Module 1: Introduction :

Nature, Definition and Scope of Economics- Concepts of Wealth, Welfare, Scarcity and Growth- Micro and Macro Analysis, Static And dynamic, Normative and Positive, Inductive and Deductive Analysis, Partial and General Equilibrium, Choice as an economic problem.

Module 2 :  Demand Analysis :

Concept of Demand, Law of Demand, Determinants of  Demand, Types of Demand, Demand Function- Elasticity of Demand, Price, Income and Cross Elasticity of Demand, Derivation of Demand Curve, Measures of Elasticity of Demand- Demand Forecast, Meaning, Factors influencing demand forecast.

Module 3 : Supply Analysis :

 Concept of Supply, Law of Supply, Determinants of Supply Function- Elasticity of Supply, Derivation of Supply Curve- Supply Curve in Perfect and Imperfect Markers- Market Equilibrium.

Name of certificate course offered	Year	Course duration
FUNDAMENTALS OF MICRO ECONOMICS	2019-2020	30 hrs
FUNDAMENTALS OF MICRO ECONOMICS	2020-2021	30 hrs
FUNDAMENTALS OF MICRO ECONOMICS	2021-2022	30 hrs
FUNDAMENTALS OF MICRO ECONOMICS	2022-2023	30 hrs

Courses Offered:

Name of the Course	Year	Duration
B.A.(HEP)	2018-21	3 years
B.A.(HEP)	2019-2022	3 years
B.A.(HEP)	2020-2023	3 years
B.A.(HEP)	2021-2024	3 year
B.A.(HEP), B.A. (HECA)	2022-2025	3 year
B.A.(HEP), B.A.( HECA)	2023-2026	3 years