The Department of Economics was established in 1965-66, when this esteemed institution came in existence, Economics as a subject is offered in both the stream in Science and Arts.
Economics is a social science that seeks to analyze and describe the production, distribution, and consumption of wealth.
“The study of how people seek to satisfy needs and wants” and "the study of the financial asEconomics, as a branch of Social Science is one of the strongest pillar of this institution where the economic reasoning has been increasingly applied relating it with the other social situations such as statistics, mathematics, politics, law, psychology, history, religion and other social interactions. There are many who have achieved in the world of politics, business or academia who can trace their success to the Years they spent at the college. pects of human behavior." The objective of Economics is to understand the reality of economic phenomena, just as the objective of physics is to understand the reality of physical phenomena. It is an attempt to describe what actually happens in real-world economies as opposed to what should happen or what we think would be good to happen.
Scarcity and the allotment of the resources....everything in life is scarce. Economics is the study of how we deal with scarcity and how demand and supply forces work.
| Programmes/Courses Offered |
| Course Offered (UG) | Bachelor of Arts (Economics)
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