Deparment / Department of Economics

Department of / Economics

Department History

The Department of Economics was started in 1970 with Prof. N. B. Ghodke as senier lecture and Principal, Prof. John Satyanathan as lecturer. Later on Prof. S. S. Salimath joined the Department in 1974 and Prof. M. K. Muley joined the Department in 1975. Then Economics was taught as major and minor subject. During 1990-91 Major and Minor Pattern was replaced by three equal optional subjects.

Prof. S. S. Salimath retired from his regular duty in 1997. Prof. M. K. Muley retired from his regular duty in 1999. Dr. C. P. Manohar was appointed as lecturer on 15th April 1999 and Dr. S. B. Nyamati was appointed as lecturer on 2nd Janaury 2006. Currently Dr. C. P. Manohar is serving as Associate Professor and Head of the department and Dr. S. B. Nyamati is serving as Assistant Professor.

From Academic Year 2005-06 Semester system was introduced by Karnatak University and is implemented by the Department of Economics also. From academic year 2020-21 CBCS was introduced by Karnatak University Dharwad and same is implemented in the department.

Field Visits, Project Works, Industrial Visits, visits to Krishi Mela, Live telecast and Analysis of Central Budget, Financial literacy programme, Awareness about Practice of Less Cash Economic activities, Awareness about Digitalization of the economy are some of the salient features of the department. Currently UG Course in Economics is provided.

Department Course Outcomes

To impart in-depth knowledge in the subject of Economics.

To help students to learn to be smarter consumers, savers and investors.

To equip the students with necessary analytical and reasoning skills for understanding various Economic Problems through Field Visits, Project Works, Budget Analysis, etc.,

To provide the foundation for studying branches of Economics.

To help the students to understand the working of the Modern Economy.

To enlighten the students on current Indian Economic Problems and Prospects by providing the basis of past performance of Indian Economy.

Objectives

The Objectives of the Study of Micro Economics is to familiarize the students with economic behavior of consumers and producers. The course helps to learn the theories of production, cost and revenue and get an understanding of product Market structure and Price determination of products and factors of production.

Learning Outcomes

The student will be able to define and explain the basic concepts and hypothesis in Microeconomic Theory and their relations: analyze consumer equilibrium, obtain and interpret elasticity’s, define production, costs of production and revenue, categorize and analyze markets, and display an understanding of pricing of products and factors.

Objectives

The objectives of this course are to acquaint the students with the behavior of macroeconomic variables, to provide knowledge of classical macro Economics, the Keynesian economics, multiplier and Accelerator, business cycles, Inflation, deflation and monetary economics.

Learning Outcomes

The students will be able to understand the evolution of employment theories and how equilibrium level of income gets determined. The student will be able to explain how interaction of multiplier and accelerator lead to business cycles and apply the concept in the working of the economy. And also they will be able to understand the situation of inflation, deflation. They will be able to understand the role functions, value of money etc.,

Objectives

This course reviews major trends in aggregate economic indicators in India and places these against the backdrop of major policy debates in India in the post Independence period.

Learning Outcomes

The course enables the student to know the structure of the Indian economy and also helps to know where it stands in the world and how it compares with its neighbors and peers. The course also enables the student to know the strengths and weaknesses of Indian economy and makes the student aware of every Individual’s role in the metamorphosis of our economy. The students will be understand the problems.

Introduction

To meet the growing needs of economy & society, and also to cater to the changes in technology, there is a need to bring continuous modifications in the subject and its content, After all, relevance is the touch stone of any syllabus. Hence the department has decided to bring necessary changes in the BA Economics Course Structure and its syllabi. In this backdrop, the department proposes to introduce Mathematics and Statistics for Economics as a core course for BA Fourth Semester.

Objectives

The objective of this course is to acquaint the students of economics with basic methods of analyses using mathematics and statistics. The Course aids the students of economics in understanding the importance of decision sciences in determining the choice.

Nature

The course is intended for BA economics students who perceptibly have an aversion to Mathematics and statistics. Therefore the basic nature of study would be descriptive. However as the subject demands it, the subject is applicative also.

Learning Outcomes

The Course enables the student to demonstrate an understanding of the basic mathematical and statistical concepts, understand and solve the problems based on the limit and differentiation concept. The student will be able to demonstrate the understanding of basics of probability theory and theoretical distributions. The student will be able to appreciate the regression and correlation tools and be able to solve based on these concepts in economics.

Objectives

This course enables students to acquaint with the concepts and principles of International Economics and their influence on the institutions promoting International Trade and Investment.

Learning Outcomes

The course enables the student to have a demonstrable understanding of classical and modern theories of international trade, the trade barriers, international order in the trade, Balance of Payments, Foreign Exchange and International Economic Institutions.

Objectives

The objectives of this course is to make the student to understand different farming systems, role of agriculture economic development, to understand the progress, problems and prospects of Indian agriculture in the global environment. The course also focuses on agriculture marketing and agricultural credit which play a vital role in development of agriculture.

Learning Outcomes

The course helps the student obtain a deeper understanding of the various facets of agriculture such as, production and productivity, pricing policies, land reforms, agricultural marketing and agricultural credit.

Objectives

This course exposes students to the theory and functioning of the monetary and financial sectors of India. It highlights the organization, structure and role of financial markets and institutions. It also discusses monetary management, instruments of monetary control, Financial and banking sector reforms and monetary policy in India.

Learning Outcomes

The students will have an explicable understanding of structure of Indian money market, banking structure and functions in India, NBFCs, the organization and functions of RBI and Monetary policy.

Objectives

The objectives of this course are to acquaint the students with the concept of public and private goods, basics of public expenditure, public revenue, canons of taxation and theories of public expenditure, and also to familiarize the students with different concepts of budgetary deficits, Union budget and fiscal policy.

Learning Outcomes

The course facilitates students to acquire understanding and compare the concept of public good and private good, provisioning of public good, principles of taxation, theories of public expenditure, concept of public debt burden and its methods of redemption, deficit financing. The students would also be able to describe the meaning and types of budget, fiscal policy and its tools.

Objectives

The objectives of this course are to understand the basics of rural development, including characteristics, problems, theories and programmes of rural development and to study the poverty and unemployment trends and patterns of economic diversification in rural areas; to study the role of infrastructural facilities in rural development, rural credit and agriculture markets in India.

Learning Outcomes

The student would demonstrate the comprehension of rural economy of India with respect to its problems like poverty and unemployment, rural industrialization, rural politico-economic institutions and rural finance.

Objectives

The objectives of this paper to understand the structural changes, sectoral aspects and features of the Karnataka Economy since the formation of the state, demographic features of Karnataka, development of agriculture, industry and service sectors, and Karnataka state finances.

Learning Outcomes

The student is expected to demonstrate an understanding of changing structure of Karnataka economy, its challenges and its fiscal structure.

Department Faculty

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Dr. Christopher P. Manohar

Associate Professor

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Dr. Suresh B. Nyamati

Associate Professor

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