About the Department

The Department of Economics started its journey in Sree Chaitanya College under Calcutta University since 1956, that is when the college was established. It was a general-course department with two whole time teachers. There are three shifts. In the morning shift only girls are admitted, in the day shift both boys and girls are admitted and in the evening shift only boys are admitted. In the year 2000, Honours course was started in the day shift only with three permanent faculty members and one-part time teacher. It is a science department. As yet there are three permanent teaching posts. From 2009 the college is under West Bengal State University. The teachers are always ready to help the students. The honours students were somewhat talented at that time and their perseverance should be admired. As a result, they secured good marks in B. Sc. degree and are gainfully employed. We feel proud of our students. Let almighty be always there with them. Our students participate in several indoor and outdoor programs of the college and often they come out with flying colours. They thereby add another feather to the success of the department.

1. Name of the department: ECONOMICS
2. Year of Establishment:
  • Department Established : 1956
  • General Course : 1956
  • Honours Course : 2000
3. Names of Programmes/ Courses offered: B.Sc. Honours.
B.Sc. General.
4. Names of Interdisciplinary courses and the departments/ units involved Statistics
Mathematics
Commerce
Political Science
5. Annual/ semester/ choice based credit system (programme wise) Semester System as per the
University Curriculum
6. Department Type: Science Department
7. Shifts Offered: Morning Shift (Girls only)
Day Shift (Boys & Girls)
Evening Shift (Boys only)

Faculty Profile

Teaching Faculty

Riddhi Chatterjee
Dr. Riddhi Chatterjee

Assistant Professor

M.Sc, M.Phil., Ph.D

View Profile

Courses Offered

Undergraduate Programs:
  • B.Sc. Honours in Economics
  • B.Sc. General with Economics
Shifts Available:
  • Morning Shift (Girls only)
  • Day Shift (Boys & Girls) - Honours available
  • Evening Shift (Boys only)

Program and Course Outcomes

Course Specific Outcomes_Economics

Based on NEP, 2020

(A) 4-Year Undergraduate Programme (Honours/ Honours with Research)
Semester - I
Course Course Specific Outcomes
Economics Major (DSC)
INTRODUCTORY MICROECONOMICS (DS-1)
  • To define and explain the basic concepts and hypothesis in Microeconomic Theory and their relations
  • Determinants of individual demand/supply, demand/supply curve, market vs. individual demand/supply, their shifts, elasticities, controls on prices, taxes and the costs of taxation, consumer & producer surplus.
  • Budget constraints, properties of Indifference curves, income & substitution effects (Hicks & Slutsky), Ordinary & Compensated demand curves, Inferior goods & Giffen goods, Price and Income consumption curves.
  • Understanding the (short run & long run) system of production and cost of production, Isoquants, Cobb Douglas, Fixed coefficient and CES production function.
  • Different types of market structures- Perfect competition, Monopoly, Monopolistic Competition and Oligopoly.
SURVEY METHODOLOGY (SE – 1)
  • Learn the methodologies of data collection through field surveys.
  • Adopt ideas on large scale sample survey methods and theoretical measurement issues including the scaling techniques.
  • Learn different methods of data collection and their relative importance.
  • Prepare project report by using proper survey methodologies.
Multidisciplinary Course (MDC)
UNDERSTANDING ECONOMICS (MD – 1)
  • Understanding the scope of economic, economic stem & its functioning
  • Conceptualize the problem of scarcity & the allocation of resources.
  • Comprehend two pillars of economics and theoretical bases.
  • Learn an overview of Indian economic system with a special emphasis on Indian financial system.
Semester - II
Course Course Specific Outcomes
INTRODUCTORY MACROECONOMICS (DS-2)
  • Understanding nature, construction and measurement of key macroeconomic variables.
  • Understanding the measurement of different components of national income and its importance as an indicator of human wellbeing.
  • Get an idea regarding the determination of income in short run and long run with essential impacts of fiscal and monetary policy variables in different macroeconomic set up (Classical, Simple Keynesian and IS-LM Model)
INDIAN OFFICIAL STATISTICS (SE – 2)
  • Understanding different official Statistics of India and the collection methods.
  • Evaluate how the structure of Indian economy has changed by analysing secondary data set.
  • Get ideas on Indian official organizations associated with collection, compilation and publication of data set at the national/ State and even regional level.
Multidisciplinary Course (MDC)
UNDERSTANDING ECONOMICS (MD – 2)
  • Understanding the scope of economic, economic stem & its functioning
  • Conceptualize the problem of scarcity & the allocation of resources.
  • Comprehend two pillars of economics and theoretical bases.
  • Learn an overview of Indian economic system with a special emphasis on Indian financial system.
Semester - III
Course Course Specific Outcomes
MATHEMATICAL METHODS FOR ECONOMICS-I (DS- 3)
  • To be able to demonstrate the role of quantitative techniques in the field of business and Economics, able to describe different types of equations, solve equations and system of equations, and understand the concept of sets.
  • Explain methods of Calculus, its uses and application in in optimal decision making by economic agents
  • Illustrate matrix operation, use Cramer’s rule to solve systems of equations.
  • Understanding mathematical Optimization techniques, Single and Multivariable optimization
Multidisciplinary Course (MDC)
UNDERSTANDING ECONOMICS (MD – 3)
  • Understanding the scope of economic, economic stem & its functioning
  • Conceptualize the problem of scarcity & the allocation of resources.
  • Comprehend two pillars of economics and theoretical bases.
  • Learn an overview of Indian economic system with a special emphasis on Indian financial system.
Semester - IV
Course Course Specific Outcomes
INTERMEDIATE MICROECONOMICS – I (DS- 4)
  • Understand the concepts of choice & Preference; utility, budget constraint and choice.
  • Demonstrate the meaning of Choice under risk, and the axioms of Revealed Preference.
  • Understand the concepts of perfect competition, short run and long run market equilibrium and industry equilibrium.
  • Understand the concepts of Monopoly and anti-trust policy, government policies towards competition, Sources of monopoly power, Index of monopoly power, Price discrimination; peak-load pricing; bundling, two-part tariff, Monopsony.
  • Demonstrate the meaning of Monopolistic Competition and its Concepts of Product diversification, Short-run & Long-run equilibrium, Excess Capacity.
INTERMEDIATE MACROECONOMICS–I (DS- 5)
  • In depth study of Classical system, Keynesian Model (closed economy)
  • Understanding the trade-off between inflation & unemployment, roles of adaptive and rational expectations and policy ineffectiveness debate.
  • Learning the functioning of Open economy Macro-economy, Mundell- Fleming Model; balance of payments and international financial market mechanisms
STATISTICAL METHODS FOR ECONOMICS-I (DS- 6)
  • Learning the methods of collection & presentation of data for statistical analysis
  • Learning Descriptive statistical methods for analyzing data.
  • Understanding and application of time series analysis in different economic situations
  • Illustrating different types of index numbers, calculating index numbers.
DEVELOPMENT ECONOMICS (DS- 7)
  • Understand the Basic concepts of development like Sustainable development, Participatory development, Inclusive development, and Human development, Per capita Income–Human Development Index, Gender Development Index and Human Poverty Index.
  • Demonstrate the concepts of Characteristics of underdevelopment, Trap Models, Vicious circle of poverty, Critical minimum effort thesis, and Low-level equilibrium trap.
  • Demonstrate the concepts of inequality, Lorenz Curve, Range, Coefficient of variation, Gini- coefficient, Poverty, relative and absolute deprivation with respect to income, Poverty line, Head count ratio, Poverty gap ratio, Income gap ratio, Human Poverty Index, hunger index and how to Tackle Poverty in context of the World Bank Approach.
  • Understanding concepts of Globalization in historical perspective.
(B) 3-Year Multidisciplinary Undergraduate Programme

Economics Minor (MA)

Semester – I
Course Course Specific Outcomes
INTRODUCTORY MICROECONOMICS (MA-1)
  • The factors that determine the demand for product by a consumer and how consumer maximizes utility subject to budget constraint
  • How a business firm decides its output production in short run and long run by considering various costs of production to maximize profit.
  • The determination of prices of different factors of production in factor market.
  • The characteristics features of different types of output market structure where buyers and sellers interact.
Semester - II
Course Course Specific Outcomes
INTRODUCTORY MACROECONOMICS (MA-2)
  • The three key macroeconomic concepts for a closed economy, namely, economic growth, Inflation and unemployment
  • The idea of two important component of GDP, namely, Consumption & Investment.
  • The money & banking system of an economy.
Semester - III
Course Course Specific Outcomes
DEVELOPMENT ECONOMICS (MA- 3)
  • Understand the Basic concepts and meaning of growth and development, Distinction between Economic Growth and Economic Development-Growth indicators-NNI and PCI, Concept and formulation of HDI.
  • Demonstrate the concepts of Balanced vs. Unbalanced growth and Complementary Roles of Agriculture and Industry, Role of Technology in Agriculture and Industry.
  • Understand the concepts of Population and Economic Development and its two-way relation.
  • Demonstrate the concepts of Foreign Investment and their different forms, their roles in Economic Development
  • Understand the concepts of Gender Related Issues and Gender Discrimination in the society.
Semester - IV
Course Course Specific Outcomes
INDIAN ECONOMY (MA- 4)
  • Understand the concepts of Structure of Indian Economy and its aspects like Sectorial distribution of National Income and its change since inception of Planning, Occupational pattern in India-A trend analysis since 1901. Inequalities in Income distribution. Economic reforms and reduction of poverty; Poverty eradication programmes and their effectiveness. Structure and quality if employment in India, Government undertaken different schemes to reduce unemployment and underemployment.
  • Understand the concepts of human resources and its size and growth rate of population in India, changes in sex composition since inception of planning and Population policy and population projections for India.
  • Understand the Causes for low productivity in Indian agriculture, Targeted public distribution system, new agricultural policy, Green revolution and its prospects Land reforms and its appraisal and effects of GATT on Indian Agriculture.
  • Understand the concepts of Industry and review of Industrial growth under planning, role of small-scale industries and policy perspective to help them and role of trade union and social security measures in India.
  • Understand the concepts of Banking system and Role of Indian Commercial Banks and Reserve Bank, monetary Policy of the Reserve Bank of India and Profitability of banks in India.
  • Demonstrate the concepts of Indian Public Finance and Sources of Revenue and Expenditure of Union and State Government, Union-State Financial Relation and Centre-State Conflict on Finances.
  • Understand the concepts of Foreign trade its volume and direction in the post-Liberalization period.

Departmental Routine

Departmental routine for all three shifts will be displayed here. Please check with the department for the current academic schedule.

Activities

The Economics department organizes various academic and extracurricular activities including seminars, workshops, field visits, and economic forums. Students actively participate in college programs and often achieve excellent results.

Regular Activities:
  • Teachers' Day Celebration
  • Alumni Association Meet
  • Parent Teacher Meet
Academic Activities:
  • Publication of Wall Magazine
  • Quiz Competitions
Special Features:
  • Active Mentor-Mentee System

Departmental Achievements

Achievements of the Economics department will be listed here. This includes student placements, research publications, competition results, and other accomplishments.

Assets

Department assets including library resources, statistical software, economic databases, and other facilities will be listed here.

Student Progression

Information about student progression to higher studies (M.Sc., MBA, etc.), placements in banking, finance sector, government jobs, and other career achievements will be displayed here.

WBSU Question Papers

Previous years' question papers for Economics (Honours and General) will be made available here for student reference.