Year of establishment: 2016
Name of the Program/Courses: UG
No. of the Teaching posts sanctioned: 1
No. of the Teaching posts filled: 1
Vision and Mission
The mission of the department of economics is to investigate economic study, analysis, policy drafting, and implementation concerns as well as global economic analyses and their impact on the Indian economy. The department strives for excellence in all aspects of teaching, research, and consulting.
Why you should study Economics?
- Economics is everywhere. Economics is a part of everyday life, and it's also the gateway to the future.
- Economics helps you to think strategically and make decisions to optimise the outcome.
- Economics, at its core, is the study of how to evaluate alternatives and make better choices.
- The study of economics helps the government to create and develop some programs that are helpful to the mass.
- The study of the subject enables people to actively engage in the political system of their nation, which boosts the economy.
- A solid budget that can serve a nation and address its most pressing requirements may be created with just a basic understanding of economics.
- Boost your career prospects.
Careers in Economics
Economics prepare students for a broad range of careers with opportunities in education, research, finance, management, insurance, business consulting, government, public administration and policy analysis.
Programme Objectives the programme aims to:
- Understand and analyse the fundamental concepts, principles and theories of economics and economic behaviour in practice.
- Discuss real world economic issues and problems facing the country and the world.
- Create capacity to develop and evaluate economic models to solve various economic problems and suggest policy measures for the development of the economy.
- Learn the techniques of research methodology through practical research project work, developing the ability to conduct empirical studies for scientific social science research as well as to analyse and interpret them.
- Train students to use statistical and econometric methods to arrive at conclusions about the validity of economic theories.
- To understand the development paradigm adopted in India since independence and evaluate its impact on economic as well as social indicators of progress and well being.
- To make the students understand the features of the economy of Himachal Pradesh and the emerging trends and issues of the economy of the state.
- Demonstrate a good understanding of the fiscal framework for taxing and spending and of fiscal policy principles.
- The students are introduced to the role played by banks in modern monetary economies and financial markets, including issues arising from bank regulation, the role of banks in financial intermediation, and the significance of bank behaviour in monetary policy.
- To equip the students for career and further study in economics.
