Economics

Overview

About Department

The B.A Programme in Economics was initiated in 1957 to provide economics education to students of Odisha aspiring a career in Economics and public policy. Currently it is operating in CBCS mode with 14 core papers and 04 discipline specific elective.The department offers generic elective papers to Arts Students and three generic elective papers for  Commerce students. The sanctioned teacher strength is 07 ( Seven) and sanctioned student strength is 72.

About two classrooms i.e room no.206 (for UG) and 105(for P.G)has been earmarked for offline classes but sometimes smart classrooms at room no. 305 is also used,

 The Masters programme in Economics is initiated in 2023 as an effort to provide Economics education to students of Odisha with 32 student strength. Currently, the programme operates in Choice Based Credit system (CBCS) mode of 100 credits of 2000 marks spread out in four semesters consisting of 20 paper 100 (Mid-Sem 30+ End-Sem 70) marks. The course composition includes analytical courses termed as Hard-Core Economics courses such as Microeconomics, Macroeconomics, Quantitative Methods, Public Economics, Indian Economy and Basic Econometrics. These courses are designed to provide a core understanding of the subject. There are also applied courses termed as Core Electives and Allied Electives which are designed to enrich understanding on application of economics in various fields influencing economic and social life of human beings. A detailed description of these courses is given in the syllabus.

In keeping with the vision of the institution the department endeavours to guide students to attain knowledge with reasoning and critical thinking and shape them into individuals who can fulfil their duties as empowered and enlightened citizens.

With the noble vision in mind ,the department prepares the students to  be  effective citizens who can contribute to society and nation building.

The teaching learning process followed in the department is basically offline teaching taking the help of online resources and ICT technology. Continuous assessment of students through mid-sem,end-sem exams ,surprise tests etc. are done. Proctorial and tutorial classes are held to clarify the doubts of students on regular basis. The department believes in participatory teaching –learning methods hence students are encouraged to participate in seminars, conferences, extra-curricular activities both inside and outside the campus.

Sl No

Course Name

Course Outcome

 

SEMESTER-I

1

CC-1 Introductory microeconomics

To have an understanding of basic reasoning in Economics and to understand the consumption, production and cost concept in an analytical way

2

CC-2 Mathematical methods for Economics I

To learn about the classical techniques involving functions and calculus to understand and analyse economic problem

SEMESTER-II

3

CC-3 Introductory macroeconomics

To educate students on different concept in macroeconomics like consumption function, investment function, national income accounting

4

CC-4 Mathematical methods for Economics II

To express relationship between economic variables mathematically, analyse, optimise and interpret them

SEMESTER-III

5

CC-5 Microeconomic I

To learn about theory of demand utility function, consumer choices involving risk and uncertainty, production function.

6

CC-6 Macroeconomic II

To apply macroeconomic knowledge in understanding the working of the economic as well as macroeconomic issues and policies.

7

CC-7 Statistical methods for Economics

To use the statistical analyses and techniques to solve economic problems

 

SEMESTER-IV

8

CC-8 Microeconomics II

Deeper knowledge in decision making under different market imperfection including oligopoly 

9

CC-9 Macroeconomics II

Application of subject knowledge in understanding the macroeconomics dynamics both in a closed and open economy 

10

CC-10 Research methodology

Develop acquaintance with fundamentals of research methods and use of sampling techniques 

 

SEMESTER-V

11

CC- 11 Indian economy I

Critically understand the Indian economic growth trajectory and sectoral contributions

12

CC-12 Development Economics I

In brings out an axiomatic basis for inequality measurement, concept of development and various growth models

 

SEMESTER-VI

13

CC-13 Indian economy II

Evaluating the rapid changes in India, empirical evidence and familiarise with different environmental protection acts and policies.

14

CC-14 development Economics II

It enlightens about the raised demographic evaluation in the processes of development. It reflects on the international dependence

15

DSE-1 INTRODUCTORY ECONOMETRICS

A comprehensive introduction to basic econometric concept and technique helps students understanding of regression models 

16

DSE-II PUBLIC ECONOMICS

Familiarises the nature of government intervention to attain economic equity and efficiency 

17

DSE-III international Economics

Develops an insight in to trade policies and international financial system

18

DSE-IV research project

The research project enriches the knowledge base through application of theoretical knowledge in preparing exhaustive report on chosen areas of study

The Economics Department at BJB Autonomous College continues to be the number one choice of many students. The department continues its legacy of having the best performers of H.S. Council Examination. The faculties and the students of the department of Economics conduct an annual seminar every academic session and an eminent person is invited as the guest speaker on this occasion. Given an opportunity, we always conduct extra mural lectures, seminars, workshops and symposiums for the betterment of the students. Apart from this, the department organizes student seminars on a regular basis. It is mandatory for the final year students to present seminars on  designated days every week as decided by the college time table from time to time.

Academic Session:-2022-23

International Conference On 17th and  18th of February,2023

On ‘Contemporary Economy in Post-Covid Era’(CEPCE-2023)

The International Conference was organized under the leadership of Prof. Gulam Moinuddin Khan, BJB Autonomous  College and Organizing Secretary cum Convenor   Dr. Madhubrata Satpathy, Vice-Principal and the Head, Dept. of Economics.  National as well as the International dignitaries  had come all the way from Japan, South Africa, Denmark  etc. to participate in the Conference. Chief Guest

 Shri Bishnupada Sethi, IAS, Principal Secretary to Government, Dept. of Higher Education  graced the occasion as Chief Guest of this occasion and Guest of Honour was  Prof. Kumarabara Das, former Vice-chancellor, F. M University.

. Prof Atsushi Kato of Waseda University was the distinguished guest in this occasion . there was also a video message displayed  of the Nobel Laureate Prof. Muhammad Yunus from Bangladesh. During this session the Souvenir was released by the Principal Secretary , Dept. of Higher Education consisting of articles in from diverse  fields of science.

KEY ORGANISING COMMITTEE:- The key members of the organizing committee were

  • Patron:- Principal, Prof.G.M Khan
  • Convenor cum Organising Secretary:- Vice-Principal & Head, Dept. Of Economics Dr. Madhubrata Satpathy,
  • Shri Mihir Kumar Das, Assistant Professor in Physics.
  • Dr. Mousumi Das, Assistant Professor in Economics
  • Dr. Lipsa Mishra, Assistant Professor in Economics
  • Dr. Subhasmita Panda, Assistant Professor in Psychology
  • Dr.Pandaba Pradhan, Assistant Profess
  • or in Computer Science
  • Miss Lopamudra Panda & Mr. Harekrushna Sahu

  1. 17th November-2023

Seminar on ‘Career Prospects and Opportunities for students of Economics’

Guest Speaker:-  Mr. Sambit Tripathy,IRS

The department organized a seminar to create awareness among the students of Economics regarding different career opportunities in the related field where Mr. Sambit Tripathy, IRS. Founder of Livelihood Alternatives was the chief Speaker.

Academic Session:-2021-22

31st May.2022

Annual Seminar of 2022;-Prof. Laxmi Narayan Dash,Former Professor of Economics, F.M University delivered a Brilliant talk on-‘ Sri Lankan Economic Crises of 2022: An Analysis’ on 31st May,2022

 ACADEMIC SESSION June 2020- May 2021:

The academic activities in general and seminars in particular, were disrupted due to the prevalence of Covid pandemic, which engulfed the entire nation starting from March 2020 onwards.The offline classes were held only for four months during this academic year.In spite of the pandemic, the faculty members and the students of the department were engaged in various activities online throughout the year.Everyone was in search of different methods of teaching and organizing seminars.Thanks to Google meet,internet and smartphones ,the activities were not very much affected.However, we switched to webinars instead of seminars.We had our 1st international webinar of our department on 8th October,2020.The following seminars were organized by the department. During the academic year 2020-21, we had less seminars/webinars.However, there was no compromise on the quality.

  1. 8th October, 2020: “Applications of Economics principles in Business Policies – Micro and Macro”

Guest Speaker: Prof. Prabal Sen, Professor, Economics area and chairperson of Entrepreneurship Development, XLRI

“Economics Research as a career option”

Guest Speaker:Dr. Debiprasad Mohapatra, Assistant professor, University of Massachusetts

The webinar was conducted on the video conferencing platform, Zoom

1.     28th December, 2020 : “ Financial Literacy Awareness”

Guest Speaker: Mr. Jyotirmoy Kashyap, NSE

The students learnt about various instruments of the financial market and how to invest in them. They all were also awarded with a certificate of participation.

ACADEMIC SESSION JUNE 2019- MAY 2020:

  1. 3rd of August 2019:Topic: “Role of RBI and its functions: Monetary Policy, techniques of control and recent policy developments”

Guest Speaker-Ms. Sanjukta Dash, AGM, RBI, Bhubaneswar

Ms. Dash beautifully explained how RBI touches our lives and its role in guarding & protecting our economy through its actions and thereby it safeguards the interest of the public.

2.9th November, 2019: Topic: “Security Market Operations in India”

Guest Speaker: Dr Sangram Panda, Asst. Professor, Srushti Academy of management, Bhubaneswar.
  1. Dr Panda lectured the students on the sources of funds, types of security markets, features and functions of secondary markets and different types of scams in the stock market & SEBI. 16th November,2019: Workshop-Topic: “ Public Expenditure in India before and after FRBM Legislation”

Guest Speaker: Dr Amarendra Das,Reader F, NISER,Bhubaneswar.

Dr Das had an insightful deliberation on the above mentioned topic.There was an active interactive session between Dr Das and the faculties & students of the department.

1.    29th February and 1st March 2020: National Seminar- “Agriculture in India: Problems, Policies & Prospects”

The seminar was sponsored by NABARD. On the first day, the seminar commenced after the inaugural address by chief speaker N.P. Mohapatra, CGM, Department of Economic Analysis and Reasearch, NABARD, Mumbai. followed by the address of the chief guest Prof. Ganeshi Lal, Honourable Governor of Odisha. The seminar progressed with multiple sessions consisting educational and technical capsules

4th March, 2020: Annual Seminar: “ Sustainable Development Goals” Guest Speaker: Dr Mitali Chinnara,Professor of Economics, Dept of A & Economics, Utkal University

ACADEMIC SESSION JUNE 2018- MAY 2019:
  1. 6thFebruary,2019: Topic: “Marxian Views on Capitalism”
Guest Speaker-Dr. Bhagwan Swain,Retd. Professor, Gopabandhu Academy of Administration

Dr. Bhagwan Swain,Retd. Professor of Gopabandhu Academy of Administration delivered a talk on “Marxian Views on Capitalism”.Guest introduction was provided by Dr. Bishnupriya Mishra and it was attended by Dr. Niranjan Rana, Dr. Sadhana Satpathy, Dr. Kasturi Panda, Dr. Madhubrata Satpathy, Dr. Mousumi Das & Dr. Lipsa Mishra.The vote of thanks was given by the seminar secretary. A large number of students attended it.

  1. 26th February, 2019: Topic: “Budget 2019-20 & its implications”

Guest Speaker:Dr. S.N Mishra , Professor KIIT university

Professor Mishra delivered a talk on” BUDGET 2019-20 and its implications” in the Annual Seminar held on 26th February, 2019.His talk was based on the fact that growth fuelled by debts may lead to disastrous consequences in the long run leading to rise in unemployment and widespread inequalities.

ACADEMIC SESSION JUNE 2017- MAY 2018:

1.17th of January,2018:Topic:Goods and Services Tax”

Speaker: Prof. Sujit Patra and Dr. Nirmala Routray of Srusti Academy of Administration, Bhubaneswar.

The speakers analysed how GST was different from the previous taxation system and how it is beneficial to the consumers.

2.17th of March,2018: Annual Seminar- Topic: “Globalization and its impact on Small Scale Industries”

Speaker: Dr.Kishore Chandra Samal, Retd, Professor of Economics, NCDS, Bhubaneswar

 The invited speaker delivered a talk on globalization and analyzed the fact that small scale industries are at a disadvantage because of globalization and privatization
 ACADEMIC SESSION JUNE 2016- MAY 2017:
  1. 8th February, 2017: Topic: ” Union Budget 2017″
Speaker:Dr. Sudhakar Panda, Retd. Professor of Analytical and Applied Economics,Utkal University, Vani vihar.

The invited speaker described the budget 2017 and its implications for the stakeholders of the Indian economy.The seminar was attended by all the faculty members of the department and students.

  1. 24th March, 2017 : Topic: “Impact of economic growth on poverty reduction in Odisha
Speaker: Dr. Bhagwan Swain, Retd. Professor and former deputy Director, Gopabandhu Academy of Administration.

Dr Swain gave a lucid explanation about the relationship between economic growth and poverty. He also analysed the impact of growth of GNP on poverty reduction in India in general and Odisha in particular. It was a very successful seminar.

Alumni Name

Pass out (year/batch)

Present place of posting

Mrs. Paramita Satpathy

1984

Chief Commissioner of Income Tax, New Delhi

Mr. Anugraha Narayan Das

1985

Senior Joint Controller General of Defence Accounts, Ministry of Defence, GoI

Mr. Chinmoy Biswal

1996-1999

IPS, DCP, Crime Branch, Delhi Police

Mr. Sambit Mishra

1996-1999

IRS, Addl. Commissioner, Income Tax, Govt. of India

Dr. Subrat Das

1996-1999

Executive Director, Centre for Budget and Governance Accountability (CBGA), Delhi