Department of Economics

Overview

The Economics Department was constituted more than 25 years back with a few faculty members but subsequently the department has grown in terms of faculty strength academics and divisions. The Economics Departmental Faculty presently caters to BA Programme (General & Honors), B.Com programme and post graduate programme of MA Economics. Presently the department has four regular faculty, one contract and two lecture basis faculty. This lends strength to the undergraduate and post graduate teaching of economics. The department of Economics caters to more than 400 students every year. Besides offering Core papers to students of BA (Honors & General) economics programme & B.Com programme the department offers Generic Elective Papers, SEC( Skill Enhancement Courses) for BA students.

With a diverse student population, specially from rural areas the department of Economics enriches teaching learning through ICT, assignments, tests, quizzes, projects, study trips, competition, seminars, workshops, community building exercise, personality development programmes etc. encouraging team work and leadership qualities.

Teaching Learning

For the B.A and B.Com programme The Department of Economics engages courses for FYBA (Core and Generic Courses), SYBA (Core, Generic and Skill Enhancement Courses). TYBA (Economics HONORS and GENERAL Courses), FYBCom (Core courses), TYBCom (Core Courses). In the current year 2021-22 the faculty members are guiding 04 third year projects. Various ICT tools are engaged in the teaching- Learning Process. Besides the Undergraduate section the faculties from the Department of Economics are also involved in teaching-learning process of Post Graduate Section of Economics of the College. The faculty teaches both core and optional courses for the Post Graduate students of Economics. Besides the course outcomes the students are also enriched in Personality Development and other Knowledge.

Capacity Building

The teachers from the Department of Economics develop and train students in various competencies, skills, talents. Students are trained to answer National Eligibility Tests/ State Eligibility tests, etc. Various Quizzes, Power point Presentations, workshops, short term certificate courses, talks, business initiative programmes like “ORGANICBIZ” and competitions are initiated. Students are also deputed for various competitions.
Students of Economics are given talks on overall holistic Personality Development.
Individual capacity building is also done through various trainings and Mentorships done by the teachers.
Organizational capacity building is done by the Department by use of ICT.
Systematic Capacity building is done through strengthening of Public awareness through Programmes of floating of Schemes, dissemination of knowledge through YouTubes, Flyers, Cleanliness drives, campus interviews, etc.
Practical Knowledge is given to the students through study trips.
Students are encouraged to attend various seminars, conferences and workshops.

Student Progression, TY Result (2017-2021)

Year	TYBA (Economics)	TYB Com (Economics) SEM V	TYB Com (Economics) SEM VI
2017-18	100% (General & Honours)	73.86	73.49
2018-19	100% (General & Honours)	44.50	45.78
2019-20	100% (General & Honours)	100	100
2020-21	100% (General & Honours)	48.97	15.54

Distinguished Alumni

Advocate Rohan Shirodkar
Miss Ratika Rane
Shivani Shirodkar ( Archana)
Vibha Angle
Christina Jerome
Inacio D souza
Suman Indwar
Anagha Sabnis

Program Specific Outcomes

B.A. Economics General Programme
On completion of this programme the learner will be able to :

Apply holistic Knowledge of microeconomics in real life situations.

Apply holistic Knowledge of macroeconomics in real life situations.

Use the Knowledge of concepts and theories of Growth and Development in their professional lives.

B.A. Economics Honours Programme

On completion of this programme the learner will be able to :

Apply holistic knowledge of microeconomics, macroeconomics and international economics in real life.

Demonstrate environmental sensitive knowledge of preservation & conservation of the environment along with sustainable development.

Apply holistic Knowledge of analyzing statistical data with statistical tools and techniques.

Courses (Semester wise)

Economics Department Courses (Semester-Wise)
F.Y. B. A. Semester I
Economics (DSC)	(ECC101), Microeconomics –I
Economics (GE)	(ECG103), Demography and Population Studies-I
F.Y. B. A. Semester II
Economics (DSC)	(ECC 102), Microeconomics –II
Economics (GE)	(ECG 104), Demography and Population Studies-II
S.Y. B. A. Semester III
Economics (DSC)	(ECC103), Macroeconomics –I
Economics (Generic Elective )	(ECG 105), Labour Welfare and Industrial Relations-I
Economics (Skill Enhancement Course)	(ECS 101), (Data Analysis-I)
S.Y. B. A. Semester IV
Economics ( DSC)	(ECC 104), Macroeconomics –II
Economics (Generic Elective)	(ECG 106), (Labour Welfare and Industrial Relations-II)
Economics (Skill Enhancement Course)	(ECS 102), Data Analysis-II
T.Y. B. A. Semester V
Economics(ECC)	(ECC 105), Indian Economy-I
Economics (ECC)	(ECC107), Public Finance-I
Economics (ECC)	(ECC 109), International Economics-I
Economics (ECD)	(ECD 111), Growth and Development-I
Economics( ECD)	(ECD 113), Research Methodology-I
Economics( ECD)	(ECD 115), Environmental Economics-I
T.Y. B. A. Semester VI
Economics (ECC)	(ECC 106), Indian Economy-II
Economics (ECC )	(ECC108), Public Finance-II
Economics (ECC)	(ECC 110), International Economics -II
Economics (ECD)	(ECD 112), Growth and Development-II
Economics (ECD)	(ECD 114), Research Methodology-II
Economics (ECD)	(ECD 116), Environmental Economics-II
F.Y. B. Com. Semester I
Economics (CC3)	UCEC101, Microeconomics
F.Y. B. Com. Semester II
Economics (CC7 )	UCEC102, Managerial Economics
T.Y. B. Com. Semester V
Economics (CC16)	UCEC103, Indian Monetary and Financial System
T.Y. B. Com. Semester VI
Economics (CC18)	UCEC 104, International Economics

Course Outcomes

2021-2022

F.Y. B. A. Semester I

Course

Code And Title

On Completion Of This Course The Learner Will Be Able To :

Economics (DSC )

(ECC101),

Microeconomics –I

1. Explain the basic concepts of microeconomics, laws of microeconomics and application of demand and supply concepts in real life situations.

2. Examine elasticity of demand and supply, their determinants & measurements.

3. Analyze consumer behavior using cardinal and ordinal approaches and apply in real life situations.

4. Assess the nature of production, various concepts of cost, economies and diseconomies of scale and its scope.

Economics (GE )

(ECG103),

Demography and Population Studies-I

1. Differentiate between the various concepts of demography, and explain the nature, scope and determinants of population change.

2. Explain determinants of population change, population structure, its characteristics and factors affecting rural-urban population distribution.

3. Analyze the relationship between population growth and economic development with special reference to less developed countries

4. Interpret Population data and compare various theories of population and population policies.

F.Y. B. A. Semester II

Course

Code And Title

On Completion Of This Course The Learner Will Be Able To :

Economics ( DSC )

(ECC 102),

Microeconomics –II

1. Explain price and output determination under conditions of perfect competition in the short run and long run, and examine industry supply curve in the long run.

2. Examine monopoly firm’s determination of price and output and explain elements that influence price output determination.

3. Analyze a firm’s profit maximizing strategies under conditions of monopolistic competition and oligopoly.

4. Relate factors of production with society’s distribution of income

Economics (GE)

(ECG 104),

Demography and Population Studies-II

1. Explain different aspects of demographic studies in India.

2. Classify state wise population distribution, density, causes and future projections, growth, causes and characteristics of urban population.

3. Analyze the different aspects of fertility and mortality with regards to India and apply in real life situations

4. Assess the types, reasons for migration, population policy of India and effects of population growth on Indian economy and environment.

S.Y. B. A. Semester III

Course	Code And Title	On Completion Of This Course The Learner Will Be Able To :
Economics ( DSC )	(ECC103), Macroeconomics –I	1. Explain the nature, issues and measurement of national income aggregates with reference to National Income Accounting. 2. Examine the determination of National Income under two sector model and multiplier. 3. Discuss the determination of National Income under the three sector and four sector models. 4. Evaluate the role of money and monetary policy in modern economy and theories of money.
Economics (Generic Elective )	(ECG 105), Labour Welfare and Industrial Relations-I	1. Explain the concepts, theories and the principles of labour welfare, labour welfare facilities in western and Easter Europe and USA at place of work. 2. Discuss Labour Welfare practices in India 3.Differentiate between Agencies for Labour Welfare at the centre and state government level 4. Explain social security measures provided to employees of India, ILO and various social security systems.
Economics (Skill Enhancement Course)	(ECS 101), (Data Analysis-I)	1. Describe the various aspects and uses of spreadsheets in research. 2. Analyze the spreadsheets by using data through data representation methods. 3. Use descriptive statistical techniques to solve problems. 4. Relate causality among variables and apply relevant tests to get appropriate results.

S.Y. B. A. Semester IV

Course	Code And Title	On Completion Of This Course The Learner Will Be Able To :
Economics ( DSC )	(ECC 104), Macroeconomics –II	1. Explain the derivation, shifts in IS-LM and simultaneous equilibrium in the goods market and money market. 2. Examine the impact of aggregate demand and supply in determining income, output and employment. 3. Analyze the concept, determinants, types and relation between inflation and unemployment 4. Evaluate the features, phases and theories of business cycles and government policies for economic stabilization.
Economics (Generic Elective)	(ECG 106), (Labour Welfare and Industrial relations-II)	1. Explain the concept, evolution and history of trade unionism and theories of industrial relations. 2. Classify the models and elements of collective bargaining system in Indian context. 3. Analyze the various facets, issues and challenges of industrial relations in India. 4. Evaluate the appropriate methods and experiences of different countries for resolving industrial disputes.
Economics (Skill Enhancement Course)	(ECS 102), Data Analysis-II	1. Discuss the different methods and tests used in conducting data analysis. 2. Use the knowledge acquired to develop competencies in hypothesis testing and solving complex issues. 3. Assess the economic problems and forecast solutions. 4. Use the knowledge gained through tools and soft wares for gainful employment in several organizations and departments.

T.Y. B. A. Semester V

Course

Code And Title

On Completion Of This Course The Learner Will Be Able To:

Economics

( ECC)

(ECC 105),

Indian Economy-I

1. Explain the features of Indian Economy at the time of independence and the measures of growth and development.

2. Examine the impact of demographic trends, issues, human development and national population policy.

3. Analyze the causes, trends, effects and interrelationship between poverty, inequality and unemployment.

4. Discuss Goa’s demographic features, sectors of the Goan Economy and state public finances of Goa.

Economics

(ECC)

(ECC107)

Public Finance-I

1.Explain the difference between public and private finance, private and public goods, normative and positive aspect of public finance, market failure, role of public sector, theory of maximum social advantage, its limitations and apply in real life situations

2. Explain fiscal policy, objectives, functional finance, tools of fiscal policy, Keynesian demand and supply side fiscal policy.

3. Identify different types of budgets and critically evaluate them, explain the detailed preparation and passing of the budget with reference to India.

4. Examine Fiscal federalism with reference to India.

Economics

( ECC )

(ECC 109),

International Economics-I

1. Examine Internal and International Trade, Comparative advantage and terms of trade.

2. Compare different contemporary trade theories and classify trade based concepts.

3. Identify and differentiate between different trade barriers

4. Relate growth of trade and globalization.

Economics

(ECD )

(ECD 111),

Growth and Development-I

1. Explain the meaning of growth and development, various indices of development, development gap, Other dimensions of development, and relate the dynamics of changes in the economy with reference to growth and development.

2. Examine the role of land and labour in economic development, rural urban migration and unemployment in developing countries.

3. Analyze the role of capital in development and various obstacles to development

4. Distinguish between various developmental theories.

Economics

( ECD )

(ECD 113),

Research Methodology-I

1. Explain the methods of scientific and social research and the problems of research in social science.

2. Examine the sources, characteristics of hypothesis and the process of hypothesis testing.

3. Analyze different types of research methods and their limitations.

4. Assess different sources of data collection and different types of samples.

Economics

( ECD )

(ECD 115),

Environmental Economics-I

1. Examine interlinkages between the Economy and the Environment and explain markets for the Environment.

2. Examine the valuing of Environmental concepts with special reference to Environment Impact Assessment and Economic Impact assessment.

3. Differentiate between the various methods of valuing the Environment.

4. Relate to Economic growth, Environment, Sustainable Development and measuring of Sustainability.

T.Y. B. A. Semester VI

Course

Code And Title

On Completion Of This Course The Learner Will Be Able To

Economics

( ECC)

(ECC 106),

Indian Economy-II

1. Explain the significance, performance and policies of India’s agricultural sector.

2. Discuss the significance, structural composition of industry in the Indian economy and industrial policy of 1991.

3. Classify Indian industrial sector into small scale, public sector industries and competition policy.

4. Identify various policies, role, forms and trends of various service sectors.

Economics

( ECC)

(ECC108),

Public Finance-II

1. Relate Revenue generation and sources in macro management.

2. Explain Taxation and various related concepts, types, canons, Laffer curve, it’s efficiency & allocative effects on production and distribution

3. Examine Public expenditure, growth, classification, canons, effects with reference to India, cost-benefit approach, its types and measurement and apply in real life situations

4. Discuss Public debt management & Public debt management policy of India.

Economics

(ECC)

(ECC 110), International Economics -II

1. Explain Balance of Payments, Equilibrium, disequilibrium in balance of payment and corrective measures.

2. Examine Foreign Exchange Market and Exchange Rates

3. Discuss Global Resource Movements, factors, effects and Multinational Corporations.

4. Explain Regional Economic Integration and International Institutions.

Economics

(ECD )

(ECD 112),

Growth and Development-II

1. Explain Marx and Kuznets pattern of economic growth, sources and relate types of technological progress of societies.

2. Examine economic functions of institutions, developmentalist models and consequences.

3. Analyze the significance of community in economic development and optimal combination of community, market and state.

4. Evaluate the role of institutional reforms and Amartya Sen’s institutional freedoms as end and means of development.

Economics

( ECD)

(ECD 114), Research Methodology-II

1. Explain the methods of collection, classification and presentation of data.

2. Calculate measures of central tendency and measures of dispersion.

3. Analyze the methods of correlation, regression and time series analysis.

4. Summarize research report and writing of review of literature.

Economics

( ECD )

(ECD 116), Environmental Economics-II

1. Examine Trade and the Environment, effects of Environmental regulations, International trade agreements and the Environment.

2. Explain the Economics of Climate Change and recent global initiatives to address climate change concerns.

3. Relate to forests and forest management, Economics of Water Pollution.

4. Examine Non-Renewable Natural Resources and Energy, methods of resource conservation, Global Issues in energy policy.

F.Y. B. Com. Semester I

Course

Code And Title

On Completion Of This Course The Learner Will Be Able To :

Economics

( CC3)

UCEC101

Microeconomics

1. Explain the concepts and methods of microeconomics dealing with consumer demand and consumer behaviour.

2. Examine the supply side of market through the production and cost behavior of firms.

3. Analyze equilibrium under the conditions of perfect competition, monopoly and elements that influence price output determination.

4. Assess the different types of market imperfections and strategies adopted by firms in imperfect market.

F.Y. B. Com. Semester II

Course

Code And Title

On Completion Of This Course The Learner Will Be Able To :

Economics

( CC7 )

UCEC102

Managerial Economics

1. Explain pricing methods, strategies and general considerations of pricing policy.

2. Apply the techniques of break-even analysis and profit forecasting in business decision making.

3. Analyze capital budgeting methods of investment, project evaluation and sources of funds for long term financing.

4. Measure risk and uncertainty in business decision making and strategies of game theory.

T.Y. B. Com. Semester V

Course

Code And Title

On Completion Of This Course The Learner Will Be Able To

Economics (CC16)

UCEC103,Indian Monetary and Financial System

1. Describe the components of money supply and role played by central bank in the economy.

2. Explain the structure and composition of financial system and analyze the flow of resources among various sectors of the economy.

3. Compare the financial markets and mechanism responsible for safeguarding investments.

4. Interpret different types of financial institutions and distinguish between different types of financial services.

T.Y. B. Com. Semester VI

Course

Code And Title

On Completion Of This Course The Learner Will Be Able To

Economics

(CC18)

UCEC 104 International Economics

1. Describe the role and importance of international trade in global scenario.

2. Compare investment flows across countries and its connections with macroeconomic variables.

3. Discuss the determination of exchange rates in foreign exchange market and assess the connection between balance of payments and exchange rate movements.

4. Explain regional trade agreements and evaluate the significance of international organizations.

Short term Certificate Courses

Year	Short Term Certificate Courses (30 hours each)
2018-19	Short Term Certificate Course in Crochet ( Life Skill Oriented)
2020-21	Short Term Certificate Courses in Chocolate Making( Life Skill Oriented)
2021-22	Short Term Certificate Course in Basis Statistics ( Life Skill Oriented)
	Short Term Certificate Course in Writing Of Research Papers ( Life Skill Oriented)
	Short Term Certificate Course in Financial Literacy ( Life Skill Oriented)
	Short Term Certificate Course in Insurance ( Life Skill Oriented)

Society Activities

Department Of Economics (Hod, Dr. Agnela A. D. Dias)-Social Work/ Community Work (75 Hours)

Azadi Ka Amrut Mahotsav

Under the AZADI KA AMRUT MAHOTSAV the Department of Economics carried out Social work / Community work as under.

As per the directives from the Ministry of Youth Affairs & Sports, Government of India and as a part of the celebration of “Aazadi ka Amrut Mohotsav” the teachers from the Department of Economics took part in a “Cleanliness Drive” organized by the College for the teachers on 23^rd October 2021 from 3.00 pm to 5.00pm (02 Hours) in Sanquelim from Shivaji statue to Datta-Mandir to Municipality Market to Kadamba Bus Stand. Outcome: Cleaner and garbage free Sanquelim. Number of Beneficiaries: All citizens of Sanquelim – Goa

Photographs Of Cleanliness Drive In Sanquelim - Goa
“Miramar Beach Cleanlines Drive” was carried out on 21^st November 2021. (10 Hours). As the Head of Department of Economics over-all co-ordinated this Programme with Economics departmental Colleagues of Government College of Arts, Science and Commerce, Sanquelim- Goa and collected a lot of plastics from the beach. Outcome: Cleaner beach, water and air. Number of Beneficiaries: All the citizens of Goa, tourists of India and the World visiting Miramar Beach.

Photographs of Cleaniless Drive of Miramar Beach
“Cleanliness Drive in Old Goa” was carried out on 5^th December 2021. (10 Hours). As Head of Department of Economics over-all co-ordinated this Programme with Economics departmental Colleagues of the college. Outcome: Cleaner World Heritage Site and its surroundings. Number Of Beneficiaries: All the citizens of Goa, Tourists of India and the World, visiting the World Heritage sites in Old Goa.

Photographs Of Cleanliness Drive In Old Goa
Carried out a programme for the inmates of Old Age Home, Old Goa (Franciscan Hospitaller sisters, Convent of St. John of God, Home for the senior citizens, Old Goa.) held on 24^th December 2021 (05 Hours). As Head of Department of Economics overall co-ordinated this Programme with Economics departmental Colleagues of the college. Outcome: Happier older people entertained (Carol Singing done) and decorated the premises of Old Age Home on the eve of Christmas and jointly donated 26 blankets and other basic necessities. Number of Beneficiaries: All the 26 Senior Citizens of the Old Age Home, Old Goa
Photograph Of Old Age Home In Old Goa
Carried out a programme for the inmates of Old Age Home (Shanti Kuttir), Sarvan, Bicholim held on 27^th December 2021 (10 Hours). Outcome: Celebrated the joy of senior citizens by cutting of a cake by the Owner, Ms. Shamma Desai and other caretakers. All the teachers from the Department of Economics decorated the premises of Shanti Kuttir and entertained the senior citizens. The teachers jointly donated 19 blankets and other basic necessities to the senior citizens of Shanti Kuttir. As Head of Department of Economics overall co-ordinated this Programme with Economics departmental Colleagues of the college. Number of Beneficiaries: 19 Senior Citizens of Shanti Kuttir, Sarvan – Bicholim

Photographs Of Old Age Home (Shanti Kuttir), Sarvan, Bicholim – Goa
Conducted a free workshop on, “Practical Aspects of Agriculture” held on 23/1/22 for 19 beneficiaries on a virtual platform by Dr.Agnela A. D. Dias HOD, Economics (3 hours).
Feeding of street dogs in Merces on 25/2/22 as part of community work by Dr.Agnela A. D. Dias, HOD, Economics (3 hours).A free Workshop on, “RTI and its Practicality” was organized by Dr. Agnela A. D. Dias (HOD, Economics) for the Honors students of Economics on 20/3/2022 delivered by Resource Person Advocate Siddhi Mhalsekar as a part of Social work (10 hours). Outcome: Knowledgeable students. Number of Beneficiaries: Honours students of Economics (14 students).