Department of Economics
About Department
The Department of Economics at Shri. Vitthal Rukmini College, Sawana established in 1984. Social science in Arts faculty subject Economics a capacity of 120 students and above, department offers B.A. course at the undergraduate level.
Economics is the social science that studies the production, distribution and consumption of goods and services Economics focuses on the behavior and interactions of economic agents and how economics work the branch of knowledge concerned with the production, consumption and transfer of wealth.
Vision and Mission :
Vision : “To create economically literate, socially responsible, and globally competent citizens capable of driving sustainable development.”
Mission : To deliver high-quality education through innovative teaching, promoting research aptitude, and empowering students with analytical tools to solve economic problems.
Aims & Objectives :
- To provide a strong foundation in microeconomic and macroeconomic theories.
- To develop critical thinking skills to analyze local, national, and global economic issues.
- To prepare students for competitive exams, banking sectors, and higher research.
- To bridge the gap between abstract economic concepts and practical financial literacy.
PSOs : of B.A. Economics
- To build on these concepts to develop deeper understanding of Economy in the future.
- Problem analysis: recognize formulate and study the problems of various sectors of the Indian economy, regional economy and the global economy with the help of the economic ways of thinking, theories, concepts and laws.
- Apply the knowledge of economic concepts, laws and theories, for a better economic environment for the society at large.
- Communicate effectively on the economic activities with the community and the society through the acquiring knowledge of the national and the global econom
- Explain the basic concepts, laws and theories related to the economic behavior of the human being.
- Graduates from our department are effectively taught and explained the cause with the help of visual aids like white board and PowerPoint Presentation.
CO : of B.A. Economics
- Students will understand and explain fundamental economic concepts such as scarcity, choice, opportunity cost, and trade-offs.
- Students will be able to articulate various definitions of economics, including classical, neoclassical, and contemporary perspectives.
- students should have a thorough understanding of the determinants and dynamics of demand, the ability to analyze demand-related data, and the skills to apply these concepts to real-world economic issues
- students should have a comprehensive understanding of the determinants and dynamics of supply, the ability to analyze supply-related data, and the skills to apply these concepts to real-world economic issues.
- Students will understand how markets function, including the role of prices in resource allocation.
- Students will define and explain the four main factors of production: land, labour, capital, and entrepreneurship.