Department of Economics
About Department of Economics
The Department of Economics was established in the academic year 1977-‘78 in erstwhile Andhra University P.G. extention Centre at Government Degree College for Men, Srikakulam with Six teaching faculty. Later, it was shifted to Etcherla Campus in 1985. The P.G. Centre was further elevated as an independent State University on the name of Dr.B.R.Ambedkar University, Srikakulam. During these 42 years, the Department of Economics contributed a lot in the fields of teaching, research and extention. Nearly 33 Ph.Ds and 50 M.Phils were awarded, 18 UGC Major Research Projects were undertaken and number of National and International Seminars and Conferences were conducted in the Department. It has been associating with many Governmental and Non-Governmental Organizationas since its inception. The former faculty members and students of the department hold different prestigious positions in various Universities, State and Central Governments. Prof.G.Hanumantha Rao was the Founder Head of the Department and Special Officer of the P G Centre. Prof.G.Nancharaiah worked as professor and later appointed as Vice - Chancellor, University of Lucknow. Prof.K.Srirama Murthy, Prof.V.S.Ramakrishna were professors of the department. Prof.Y.Venkata Rayudu was professor and later appointed as ITDA Project Officer Seethampeta. Prof.P.V.Sharma, Prof.M.Sundara Rao acted as Head of the department and Special Officer. Prof.V.Gandhi Babu, Prof.S.K.V.S.N.Raju, Prof.M.Bhavani Sankar and Prof.P.Krishna Babu acted as Head of the department. Presemtly, Prof.B.Addai is Head of the Department and Dr. D. Francis, Dr. A. Venkareswara Rao, Sri. V. Mallikarjuna Rao and Smt. L. Swathi.are Assistant professors.
Vision
The department of economics shall be the desirable place for high level quality education eventually emerge as Centre of excellence with outstanding faculty, facilities, qualitative research and to serve the public consistently with competitive spirit of professional ethics.
Mission
- Economics department dedicates itself to provide students with a set of skills, knowledge and attitude that will permit its graduates to succeed and thrive as economists and leaders.
- Inculcate healthy competitive spirit towards the higher education and successful career in the field of economics to serve the nation ethically.
- The department expands the frontiers of knowledge in the field of economics and Improve the professional potentiality of students and staff through education programmes.
Programme Educational Objectives(PEO's):
With a master’s degree in economics from the university, students are expected to have comprehensive knowledge of modern economics as an academic discipline. They are also expected to use theoretical and empirical methods to analyses economic issues and suggest solutions accordingly.
- PE01: Posses required knowledge to pursue careers in economics and allied courses.
- PE02: Pursue higher education, research and take-up entrepreneurial endeavors.
- PEO3: Create new methods to meet society’s needs with their acquired knowledge in Economics.
- PEO4: Commitment to the society and profession through involvement with society and Professional organizations.
- PEO5: Helps in understanding problems at local, regional, state, national and global level Economic scenario in order to find solutions if any.
Programme Outcomes(PO's):
After having completed the master’s degree programme they should have the following knowledge, skills and competences. Resolve the complex economic problems in modern society
PO1: Economic Knowledge:
Apply the fundamentals of economics and economic Specialization to
- In depth knowledge about economic theory regarding the utilization and allocation of resources.
- In which way the economy is influenced by economic policy, technological advances and demographic conditions
- Analyse how markets for goods and services function and how income is generated and distributed. Such analysis may have a national and international perspective, and a time frame that may be either short-term (business-cycles and crises) or long term (economic growth)
- Insight into special fields of students choice like agricultural economics, industrial economics, labour economics, quantitative economics, international economics, developmental economics, computer applications, public economics, monetary economics and welfare economics
PO2: Problem Analysis:
Identify and analyse complex economic problems to substantiate Conclusions using economic principles. Finding information on price indices, Employment and unemployment, world-wide GDP and human development statistics; Organize and manipulate the data in spreadsheets and statistical programmes; and Interpret statistical results.
PO3: Design/Development of Solutions:
Design solutions for complex economic problems, Design system components or processes that meet the specified needs with appropriate Consideration for the public health and safety, cultural, societal considerations.
PO4: Conduct Investigations of problems:
Use research based knowledge and research Methods to analyse and interpret the data and synthesise the information to provide Valid conclusions.
PO5: Modern tool usage:
Create, select and apply appropriate techniques, resources and Modern economic tools of economic activities with an understanding of the problems Solve economic models mathematically and provide intuitive explanations of the Results. Further employ and interpret econometric models to answer a research Questions.
PO6: The Economics and Society:
Apply reasoning informed by the contextual knowledge To assess societal, health, safety, legal and cultural issues and the consequent Responsibilities relevant to the economic practices.
PO7: Environment and Sustainability:
Understand the impact of the economic problems, Solutions in societal and environmental contexts and demonstrate the knowledge of Sustainable development.
PO8: Ethics:
Apply ethical principles and commit to professional ethics and responsibilities and norms of the economic practices.
PO9: Individual and Teamwork:
Function effectively as an individual and as a members or leader in diverse teams and in multi-disciplinary, with the skills use relevant models and methods, independently but under supervision, undertake applied work and research projects in economics. Concretise economic problems to be analysed and understand how the theoretical framework and actual empirical conditions are connected.
PO10. Communications:
Communicate effectively on complex economic activities with the society to a large extent to make effective presentations and give and receive clear instructions.
PO11: Activities Management and Finance:
Demonstrate knowledge and understanding of the economic principles and apply these to one’s own work as a member and leader in a team to manage the activities in multidisciplinary environments.
PO12: Life Long Learning:
Recognise the need for and have the preparations and ability to engage in independent and lifelong learning in the broadest context of technological change.
Programme Specific Outcomes:
PSO 1. Economists work as consultants, public policy analysts, financial managers, health insurance analysts and much more.
PSO 2. Careers in economics that typically either require or benefit from a master’s degree include: economist, consultant, professor, policy analyst statistician, budget analyst, market researcher and data scientist.
PSO 3. Government economists and economic advisor, serve in a wide variety of positions involving policy research and analysis. Economists play an important role at each level of the government as policymakers use their insights when drafting, reviewing and implementing policies and programs.
PSO 4.Working in the public sector, master's degree holders, provides an opportunity to work on important societal problems, potentially improving the lives of others.
PSO 5. Private sector economist require a master's in Economics in order to gain even entry-level employment.
PSO 6. Other opportunities: consulting or research role at one of the many economic Think tank like NITI Aayog in the country that help shape public policy decisions.
PSO 7. Master’s in economics can give the skills to help solve global problems and group economically under-developed regions to the benefit of the people living there.
PSO 8. A master degree in economics get jobs in Indian economic services, Indian administrative services, revenue services, Indian railway services, and key economic institutions like reserve bank of India, IMF, banking services and other services in India and abroad.
Succession List of Chairman, Board of Studies (BOS) - Department of Economics
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Prof. B. Addai
Chairman
Board of Studies
Department of Economics
2018 - Till now
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Prof. M. Prasada Rao
Former Chairman
Board of Studies
Department of Economics
2016 - 2018
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Prof. M. Sundara Rao
Former Chairman
Board of Studies
Department of Economics
2008 - 2016
