Economics Department
About the Department
The Department of Economics is committed to holistic academic development by integrating theoretical knowledge with practical exposure and skill enhancement. The department regularly organizes guest lectures and career guidance sessions delivered by academicians, industry experts, and professionals to familiarize students with contemporary issues in the Indian and global economy and to guide them in making informed career choices.
To strengthen experiential learning, the department organizes educational visits to premier financial and academic institutions such as the Reserve Bank of India (RBI), Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and reputed academic institutions. These visits provide students with first-hand exposure to the functioning of financial markets, policy institutions, and academic ecosystems, thereby bridging the gap between theory and practice.
In line with industry requirements, the department conducts certificate courses in R and Python, equipping students with essential data analytics and quantitative skills. These initiatives aim to enhance employability, promote analytical thinking, and reduce the academia–industry skill gap.
The department has been consistently organizing the A. D. Shroff Memorial Elocution Competition, which serves as a platform for students to develop public speaking, critical thinking, and articulation skills, while fostering awareness on economic and social issues.
To promote social responsibility and experiential learning, the Department of Economics has signed Memoranda of Understanding (MoUs) with Non-Governmental Organizations (NGOs). These collaborations facilitate community engagement, field-based learning, and internship opportunities for students.
Additionally, the department has taken proactive steps to strengthen alumni engagement, leveraging alumni expertise and networks to create opportunities for mentorship, internships, skill development, and employment for current students.
Through these academic, professional, and community-oriented initiatives, the Department of Economics strives to nurture socially responsible, skilled, and industry-ready graduates.
- Department Highlights:
- Year of establishment (College): 1937 (Affiliated to University of Mumbai : 1952)
- Status: Aided
- Major Highlights:
- The Department of Economics regularly conducts the A. D. Shroff Memorial Elocution Competition, offering students a platform to enhance their public speaking, critical thinking, and articulation abilities while encouraging awareness of key economic and social issues.
- To encourage social responsibility and experiential learning, the Department has established Memoranda of Understanding (MoUs) with various Non-Governmental Organizations (NGOs), enabling community engagement, field-based learning, and internship opportunities for students.
- The Department has also taken initiatives to strengthen alumni engagement by utilizing the knowledge and professional networks of its alumni to support mentorship, internships, skill development, and employment opportunities for current students.
- Through these academic, professional, and community-focused efforts, the Department of Economics aims to develop socially responsible, competent, and industry-ready graduates.
Dr. Swapnil Suryavanshi
Educational Qualification : Ph.D. (Economics), M.A. (Economics), NET, SET
Experience : 22/12/2014
11+ years
Total No of Research Publication: 03
Mr. Dattatray Yadav
Educational Qualification : M. A. (Economics), SET
Experience : 12/01/2015
11 years
Ms. Nidhi Shinde
Educational Qualification : M.A. (Economics)
Experience : 18/08/2026
Bachelor of Arts (Economics)
Semester-I
| Course Name | Teaching Hours | Credits | Assigned | Total Marks |
|---|---|---|---|---|
| Major-Paper: Microeconomics-I | 60 | 4 | 100 | 100 |
| Minor-Paper: Fundamentals of Microeconomics-I | 60 | 4 | 100 | 100 |
| Open elective (OE) (To opt Science/Commerce OE) | 30 | 2 | 50 | 50 |
| Open elective (OE) (To opt Science/Commerce OE) | 30 | 2 | 50 | 50 |
| Vocational Skill Course (VSC): Entrepreneurial Development-I | 30 | 2 | 50 | 50 |
| Skill Enhancement Course (SEC): Economic Data Analysis-I | 30 | 2 | 50 | 50 |
Semester-II
| Course Name | Teaching Hours | Credits | Assigned | Total Marks |
|---|---|---|---|---|
| Major-Paper-I: Microeconomics-II | 60 | 4 | 100 | 100 |
| Minor-Paper: Fundamentals of Microeconomics-II | 60 | 4 | 100 | 100 |
| Open elective (OE) (To opt Science/Commerce OE) | 30 | 2 | 50 | 50 |
| Open elective (OE) (To opt Science/Commerce OE) | 30 | 2 | 50 | 50 |
| Vocational Skill Course (VSC): Entrepreneurial Development-II | 30 | 2 | 50 | 50 |
| Skill Enhancement Course (SEC): Economic Data Analysis-II | 30 | 2 | 50 | 50 |
Semester III
| Course Name | Teaching Hours | Credits | Assigned | Total Credits |
|---|---|---|---|---|
| (Major) Paper-I: Macroeconomics – I | 60 | 4 | 4 | 4 |
| (Major) Paper-II: Public Economics | 60 | 4 | 4 | 4 |
| (Minor) Paper: Public Finance | 60 | 4 | 4 | 4 |
| Vocational Skill Course (VSC): Start-Ups and Economic Development | 30 | 2 | 2 | 2 |
| Ability Enhancement Course (AEC)/ Value Education Course (VEC) | 30 | 2 | 2 | 2 |
| Co-curricular (CC)/On job training (OJT)/ Field project (FP)/Research project (RP)/ Community engagement & service (CEP) | — | — | 4 | 4 |
Semester IV
| Course Name | Teaching Hours | Credits | Assigned | Total Credits |
|---|---|---|---|---|
| (Major) Paper-I: Macroeconomics-II | 60 | 4 | 4 | 4 |
| (Major) Paper-II: Sectoral Public Policy & Indian Economy | 60 | 4 | 4 | 4 |
| (Minor) Paper: Indian Economy | 60 | 4 | 4 | 4 |
| Skill Enhancement Course (SEC): Investment Analysis | 30 | 2 | 2 | 2 |
| Ability Enhancement Course (AEC)/ Value Education Course (VEC) | 30 | 2 | 2 | 2 |
| Co-curricular (CC)/On job training (OJT)/ Field project (FP)/Research project (RP)/ Community engagement & service (CEP) | — | — | 4 | 4 |
Semester-V
| Course Name | Teaching Hours | Credits | Assigned | Total Marks |
|---|---|---|---|---|
| Major-Paper-I: Advanced Microeconomics | 60 | 4 | 100 | 100 |
| Major-Paper-II: International Economics | 60 | 4 | 100 | 100 |
| Major-Paper-III: History of Economic Thought | 60 | 4 | 100 | 100 |
|
Elective-I: Mathematics and Statistics for Economics Elective-II: Contemporary Economic Issues |
60 | 4 | 100 | 100 |
| VSC: Econometrics with R & Python | 30 | 2 | 50 | 50 |
Semester-VI
| Course Name | Teaching Hours | Credits | Assigned | Total Marks |
|---|---|---|---|---|
| Major-Paper-I: Advanced Macroeconomics | 60 | 4 | 100 | 100 |
| Major-Paper-II: Development Economics | 60 | 4 | 100 | 100 |
| Major-Paper-III: Environmental & Resource Economics | 60 | 4 | 100 | 100 |
|
Elective I: Behavioural Finance Elective II: Regional & Local Economics |
60 | 4 | 100 | 100 |
| CC | 30 | 2 | 50 | 50 |
| Minor: Fundamentals of Macroeconomics | 30 | 2 | 50 | 50 |
Bachelor of Commerce
| Semester | Course Name | Teaching Hours | Credits | Total Marks |
|---|---|---|---|---|
| I | Business Economics- I | 50 | 2 | 50 |
| II | Business Economics- II | 50 | 2 | 50 |
| III | Business Economics- III | 50 | 2 | 50 |
| IV | Basics of Finance | 50 | 2 | 50 |
| V | International Trade and Development | 60 | 4 | 100 |
| VI | Indian Economy and Public Finance | 60 | 4 | 100 |
Bachelor of Science
| Semester | Course Name | Teaching Hours | Credits | Total Marks |
|---|---|---|---|---|
| I | Latest Development in Indian Economy- I | 50 | 2 | 50 |
| II | Latest Development in Indian Economy- II | 50 | 2 | 50 |
| III | Global Crises & Economics-I | 50 | 2 | 50 |
| IV | Global Crises & Economics-II | 50 | 2 | 50 |
Department of Economics Timtable for A. Y. 2026-27 : Click Here
Department of Economics Timtable for A. Y. 2025-26 : Click Here
Shalaka Gujar
Mrs.Aarti Mahey
Adv. Sushan Gangadhar Susheela Shetty
RBI Monetary Museum Visit
IITB FinEdge 2025
Economics Departmental Fest: EcoVyuh 2025-26
Meghnad Desai Seminar on Application Data Science in Economics
