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Economics

About Us

The Department of Economics of D.G. Ruparel College started its journey in 1952 at the time of inception of D.G. Ruparel College.
We offer Economics as a subject at undergraduate level to students belonging to Arts, Commerce and Science stream. Our department is one of the few colleges in Mumbai which offers the subjects of Quantitative Economics and Econometrics taught by well qualified faculty. The department included Ex-Principal Dr. Sule and Dr. Prakash Salvi, PhD guide, as our faculty members.
The core papers includes Microeconomics, Macroeconomics, Quantitative economic analysis, Mathematical economics, Development economics ,Contemporary issues in Indian economics ,International economics ,Financial economics.
Among the electives there are Elementary Quantitative Techniques, Econometric Methods,Environmental economics, and Descriptive statistics.
The course is thus self -contained and adequately designed to meet the highest standards of demand in the world of academics on the one hand and prove capable of meeting the needs of industry in general, on the other.
Apart from regular theoretical and practical classes, the department organizes lectures by eminent speakers, educational visits, book reviews and many such other activities.

Mission:
To develop quantitative aptitude among students of economics along with overall improvement of economic literacy.

Vision:
To improve analytical ability, confidence and the employability of the students.

Strength of the Department:

  • Active participation in curriculum designing and paper setting of the University.
  • One of the few colleges in Mumbai which offering Quantitative Economics Papers.
  • Maintains balance between academics and co-curricular activities.

Program Objectives :

  • Knowledge of Economic System: Enables students an ability to understand economic theories and functioning of basic microeconomic and macroeconomic systems.
  • Statistical and Mathematical Skills: Students acquaint with collection, organization, tabulation and analysis of empirical data. Teach use basic mathematical and statistical tools to solve real economic problems.
  • Econometric Applications: Acquaint with basic and applied econometric tools and methods used in economics. Students provided a foundation in applied econometric analysis and develop skills required for empirical research in economics. It also covers statistical concepts of hypothesis testing, estimation and diagnostic testing of simple and multiple regression models.
  • Development Perspectives: Delineate the developmental policies designed for developed and developing economics. The course also acquaints with the measurement of development with the help of theories along with the conceptual issues of poverty and inequalities.
  • Environmental Strategy and Management: This course emphasizes on environmental problems emerging from economic development. Economic principles are applied to valuation of environmental quality, quantification of environmental damages, tools for evaluation of environmental projects such as cost-benefit analysis and environmental impact assessments.
  • Perspectives on Indian Economy: Acquaint with basic issues of Indian economy and learn the basic concept of monetary analysis and financial marketing in Indian financial markets.
This course reviews major trends in economic indicators and policy debates in India in the post-Independence period.

Program Learning Outcomes :

  • Provides understanding on the welfare economics and economics of information.
  • Empowering students about Indian Financial system, indicators of financial development and overview of financial sector reforms
  • Awareness on performance, progress and issues in Indian Banking and overview of non-banking institutions in India.
  • The course leads to project work/ case studies based on empirical examples such as: Management of NPAs by banks, performance analysis of commercial banks, financial instruments- comparative analysis, performance of NBFI.
  • By the completion of the course, students can solve the economic problems by using mathematical techniques.
  • The application of these mathematical techniques will help them to analyse the real world problems and to bring out impeccable interpretations in any discipline.

Teaching Staff

Board Person Name
Ms. Anita Sanjay Hamand
Designation

Head of the Department,Assistant Professor
M. A. , SET
Specialization : Agricultural Economics

anita.hamand@ruparel.edu
Board Person Name
Mr. Eknath Vitthal Lahamate
Designation

Assistant Professor
M. A. , NET
Specialization : Banking & Agricultural Economics

eknath.lahamate@ruparel. edu
Board Person Name
Ms. Vibha Prasana Dicondwar
Designation

Assistant Professor
MA in Economics (Mumbai School of Economics and Public Policy), SET
Specialisation:- Econometrics and Statistics

vibha.dicondwar@ruparel.edu
Board Person Name
Vaishnavi Patil
Designation

Assistant Professor
M.Sc Economics (Gokhale Institute, Pune), NET
Specialisation:- Econometrics and statistics

vaishnavi.patil@ruparel.edu
Board Person Name
Ms. Sonali Suhas Bare
Designation

Assistant Professor
M.Sc Economics(Gokhale Institute, Pune), SET
Specialisation:- Econometrics and statistics

sonali.bare@ruparel.edu

Programs Offered

    TYBA
  • Economics Major(6 papers)
  • Double major: Economics- History(3 papers each)
  • Double major: Economics-Politics(3 papers each)
    SYBA
  • Macroeconomics (Compulsory)
  • Elementary Quantitative Techniques (Applied Component)
    FYBA
  • Microeconomics (Compulsory)
  • Descriptive Statistics(Applied Component)
    TYBCOM
  • Business Economics (Compulsory)
    SYBCOM
  • Business Economics (Compulsory)
    FYBCOM
  • Business Economics (Compulsory)
    SYBSC(3 papers)
    Semester 3
  • Advanced Microeconomics-III
  • Economics of Growth & Development
  • Indian Financial Systems-I
  • Semester 4
  • Advanced Macroeconomics-III
  • International Economics
  • Indian Financial System-II
    FYBSC
    Semester 1 & II
  • Microeconomics
  • Macroeconomics

Syllabus

FYBA SEM-I AND II MICRO ECONOMICS

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FYBA SEM-I AND II DESCRIPTIVE STATISTICS

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SYBA SEM-III MACROECONOMICS

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SYBA SEM-III PUBLIC FINANCE

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SYBA SEM-IV MACROECONOMICS

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SYBA SEM-IV INDIAN ECONOMY

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SYBA SEM-III AND IV (APPLIED COMPONENT) ELEMENTARY QUANTITATIVE TECHNIQUES

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TYBA SEM-V AND SEM-VI

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FYBCOM SEM-I AND II BUSINESS ECONOMICS

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SYBCOM SEM-III AND IV BUSINESS ECONOMICS

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TYBCOM SEM-V AND VI BUSINESS ECONOMICS

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FYBSC SEM-I and II MICRO ECONOMICS

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FYBSC SEM-I MACROECONOMICS

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FYBSC SEM-II MACROECONOMICS

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SYBSC SEM-III AND IV ADV MICRO-III, ECO OF G&D, IFS-I, INTERNATIONAL ECO,IFS-II AND ADV MACRO-III

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Infrastructure

The Economics department has a library and computer. The college library is well equipped with a wide range of books, international and national journals, magazines to support research and learning.

C FUTURE

We are pleased to announce that Department of Economics under Economica is starting C- Future Programme.
C- Future is Career FutureProgramme for professional career development of Economics students.
Aim
Providing the career-oriented knowledge to the students

    Objective:
  • To create vision in the students’ mindset about their career in the field of Economics.
  • To orient the students towards their goal through Lectures and Seminars on Higher Studies, Research oriented opportunities and jobs in private and public sector organizations.
C-Future will be working towards organizing interactive sessions from industry experts on the issue of probable upcoming career options. Experts from Banking, Finance, Data Analysis, Research field, Competitive Examinations, Students pursuing higher studies from Foreign Universities and much more.

BOOK REVIEW CLUB

The aim of this Book Review Club is to inculcate the habit of reading while exploring economic interests of students.
Session 1 of Book Review Club on the book titled “Great Economic Thinkers” held on 28th April 2022

EDUCATIONAL VISITS

The Department of Economics arranges Institutional Visits every year to certain major financial institutions.
Institutional Visit to Bombay stock Exchange and Monetary Museum on 22nd January,2019.

We Speak

    Guest Lectures:
  • Talk on “India’s ranking by Moody’s and S&P’s” by Mr. Mangesh Soman, Joint President, Corporate Economics Cell, Aditya Birla Group on 16th December 2017.
  • Talk on “The History and Background of Goods and Services Tax” by Ms. Vishakha Borse on 31st January, 2018.
  • Talk on Cryptocurrencies by Dr. Indradeep Ghosh (Director, Meghnad Desai Academy of Economics) on 14th August, 2018
  • Talk on “Monetary Policy: Its source and transmission” by Dr. Davinder Suri on 20th July, 2018.
  • Guest lecture on “Data Analytics in Economics” by Ms. Sandhya Krishnan on 17th December, 2019.
  • Talk on “Role of Finance Professionals in Nation Building” by Mr. Pankaj Bobade, Deputy General Manager, Axis Securities on 13th Feb 2020
  • 5 guests invited under “We Speak”: Dr. Davinder Suri, Kimaya Nagrane, Poojan Bhatt, Vinay Wakhare and Shweta Soman.
  • Ms. Manali Pathak (Alumni of London School of Economics) on 4th August, 2018.
  • Lecture by Mr. Kedar Kelkar on “Intuition and Causality: Stories in Economics” on 4th September 2021

Felicitation Ceremony

Dr. P.M. Sule (Ex-Principal D.G.Ruparel College) invited for the Felicitation Ceremony of Economics Department students on 11th August 2018.

Short Term Certification Course on “Data Analysis: An introduction to R Programming”

Online Certificate short-term Course on “Data Analysis: An introduction to R Programming”

  • Course duration: 50 hours ( 40 hours teaching and 10 hours project)
  • Course structure: Twice in a week 2 sessions
  • Course objective: This course will introduce beginners to Basics of Data analysis and the best practices of coding and data analysis in the R programming.
    Benefits:
  • Skill and professional development
  • Certificate for completion of the course
  • Connecting with industries for placement
  • Expert guidance

Workshop

Workshop on “Self Defence” on 3rd February 2020 for the students. It was conducted by two professionally trained masters from Big Box Activity Centre

ARTHOTSAV

ARTHOTSAV is the Economics Fest organized by ‘ECONOMICA’. The Economics Department of D. G. Ruparel College. It is the student volunteer initiative that focuses on the development via team building activities since 2005. The department has been imparting the knowledge of Economics through several activities conduct every year including our annual intercollegiate fest –“ARTHOTSAV”. Economica inspires the students to work hard so that they can aspire to thrive in the practical world. This is why the department proudly stands with the motto INSPIRE, ASPIRE, THRIVE!

Arthotsav is the one of the most celebrated and prestigious Fest of the D. G. Ruparel college of Arts, Science and Commerce. Arthotsav has been conducted annually since 2011. It provides opportunities to acquire leadership skills, explore one creativity and most importantly cooperation and team bond. Participants revisit their classroom teachings and test their abilities in simulated environment. Arthotsav tries to cover all the core aspects of Economic programs and so the experience becomes a solid foundation for once career.

Alumni

Department of Economics Notable Alumni Ms. VishakhaBorse (1992)
Deputy Commissioner of State Tax

Swati Ghiya (2008) Tech Writing and Translation Specialist (Corporate Trainer), Accenture Solutions Pvt. Ltd.

Shreya Bhatt (2008) Submitted Ph.D. thesis to Mumbai University

Samiksha Jadhav (2008) Assistant Professor, Raheja College (Mumbai)

Rahul Dandekar (2009) Assistant Professor, Raheja College (Mumbai)

Shashank Jalagavkar (2009) Industrial Development Bank of India(IDBI), Mumbai

Vinay Wakhare (2012) Research Assistant, District Vocational Education and Training Office

Neeraja Vaidya (2012) Machine Learning Specialist, Aureus Analytics

Poojan Bhatt (2014) Associate in the Investment Banking Team, Bank of America

Gandhali Vaidya (2014) Advanced Analyst (Transfer Pricing), Ernest & Young University(USA)

Priyanka Salvi (2016) Product Manager in SME division Development credit bank (DCB)

GuntassUtpal (2016) Research Fellow, National Institute of Public Finance and Policy (New Delhi)

Kedar Kelkar (2016) Research Associate, IIM-Bangalore

Vaishnavi Patil (2018) M.Sc Gokhale institute of Economics and political science, Assistant professor in economics, D.G. Ruparel College, Mumbai

Rohit Phalake (2018) Actor (Marathi)

Vishal Upadhyay (2018) Working in Banking Compliance, Germany

Neha Chavan (2019) Assistant Lecturer for Econometrics, Meghnad Desai Academy of Economics

Blogs

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Important reference books list

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Economics recommended websites

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Recommended courses and study material

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