DEPARTMENT OF ECONOMICS
PROFILE OF THE DEPARTMENT
ABOUT THE DEPARTMENT
The department of ECONOMICS has 52 years of history. It was established in 1965 – 66. Since its inception the department of ECONOMICS has proved its mettle as a component of this magnificent college. The department has served its purpose very well.
PROFILE OF THE DEPARTMENT
- Name of the department ; Department of Economics
- Year of establishment : 1965 – 66
- No. of Teachers sanctioned and Present position
The sanctioned posts are three. The three posts are filled by the management committee and the salaries are paid by the college management committee.
Present members of faculty:
|S.No.||Name of the staff member||Date of joining|
|1||Sri E.Aswarthanarayana, M.A. B.Ed.,||21.06.2006|
|2||Sri K.Nagaraju, M.A. M.Ed.,||16.06.2008|
|3||Sri S.Sreenivasa Naik. M.A., B.Ed.,||01.07.2011|
- No. of Administrative staff : NIL
- No. of Technical staff : NIL
- No. of Teachers and students : Teachers – 03
|Photo||Name of the Faculty||Designation||Qualification||Specialization||No of Years of Experience||Profile|
|Sri E.Aswarthanarayana||Associate Professor||M.A. B.Ed.,||15||Click here|
|Sri K.Nagaraju,||Asst. Professor||M.A. B.Ed.,||14||Click here|
|Sri S.Sreenivasa Naik||Asst. Professor||M.A. B.Ed.,||10||Click here|
Evaluative Report of the Department
Department of Economics
Faculty Profile – adequacy and competency of faculty
The department of Economics existed since the inception of the college in 1965-66. On 04.08.1965 Sri E.Munirathnam Naidu, M.A., was appointed as a lecturer in economics. He was selected as a lecturer in Economics in S.V.U., Thirupathi and left this college on 09.02.1971.
Sri B.Jayarama naidu was appointed as a Lecturer in Economics on 05/08/1967. He was retired from service due to superannuation on 13-12-1999.
Sri B.Sai Baba was appointed as a lecturer in Economics on 20-08-1069. He was selected as Lecturer in S.V. University, Thirupathi and left this college on 26-11-1971.
Sri C.Narayana Reddy, M.A., B.Ed., was appointed as a lecturer in Economics on 09-0401973. He retired from his service due to superannuation on 31-01-2003.
Sri R.K.Sathyanarayana Rao, M.A., M.Phil., was appointed as a lecturer on 20.08.1977. he retired from his service due to superannuation on 30-06-2008.
Sri A.Raghavendra, M.A., was appointed as lecturer in economics on 26-08-2000 with the college management committee on consolidated payment. He was left this college on 20-05-2008.
Sri B.Babu, M.A., B.Ed., was appointed as a Lecturer in Economics on 05.06.2004 with the college management committee on consolidated basis. He was left this college on 15-06-2006.
At present there are three faculty members in the department appointed by the college management committee.
1.Sri E.Aswarthanarayana, M.A., B.Ed., was appointed as a lecturer in economics on31.06.2006 on consolidated basis. He qualified APSET on 24-11-2013 conducted by the Osmania Unviersity, Govt. of A.P.,
2.Sri K.Nagaraju. M.A., M.Ed., was appointed as a lecturer in economics on 16.06.2008 on consolidated basis.
3.Sri S.Sreenivasa Naik, M.A., B.Ed., was appointed as a lecturer in economics on 05.07.2011 on consolidated basis. He qualified APSET in the year of 2012 conducted by the Osmania University, Govt. of AP.,
TIMETABLE OF THE DEPARMENT
|COURSE OUTCOMES (CO)
PROGRAM SPECIFIC OUTCOMES (PSO)
Plan of action of the department for next five years:
Apart from academic and curriculum development activities the department plans to create students understanding on socio-economic problems of the contemporary society. For this the department plans to conduct of following events for next five years.
- To study the problems of organization of Hindupur town on environment
- To do market surveys – a) survey of market yard for agricultural products like red chillis, Jaggary, and tamarind etc., b) survey of coconut market
- To study the effect of sericulture on creating employment and generating incomes of the farmers in the neighboring villages.
- To study the government industries on creating employment and raising the standard of living of the neighboring rural and urban womens.
- To study the role of silk industry of Hindupur in creating employment and raising the standard of living of the people of this town.
- To study the role of super spinning mills in creating employment opportunities and solving the unemployment problem of urban population of Hindupur and neighboring villages.
Economics Course outcomes
|S. No||Course Code||Course Name||C.O No.||Course Outcome|
|01||S1-451||Micro Economics||01||To understand nature and scope of economics and definitions of micro economics|
|02||To know the knowledge about the economics methodologies|
|03||To understand the consumer behaviour and utilisation of different commodities|
|04||To know the knowledge of demand and understand the role of price, income,substitutes & complementaries in its demand|
|05||Understand the indifference curve analysis and equilibrium of consumer.|
|02||S2-451||Micro Economics II||01||Producers equilibrium with the help of Iso-quants, costs and revenue curves, expansion path and elasticity of substitution|
|02||To understand the concept of maximisation of profit with minimisation of cost and maximisation of output|
|03||Different types of markets and their features|
|04||To know the knowledge about different competitive markets and price determination and price discrimination in monopoly.|
|05||Demonstrate marginal productive theory of distribution, theory of wages, theory of rent and interest with illustration|
|03||S3-451||Macro Economics I||01||To understand the difference between micro and macro economics. Importance of micro economics and macro economics variables.|
|02||To understand the employment generation in the economy through AD and AS and its role of effective demand formation|
|03||Define and explain the process of calculating national income and identify its components. Demonstrate circular flow of income|
|04||Demonstrate the meaning and functions of money, illustrate various versions of quantity theory of money.|
|05||Explain the meaning of consumption function relation between APC and MPC, consumption and income concept of multiplier and accelerator MEC and rate of interest|
|04||S4-451||Macro Economics II||01||Analysis of different phases of trade cycle, demonstrate various phases of trade cycle, understand the impact of cyclical fluctuation on the growth of business and policies to control trade cycles|
|02||Illustrate the meaning of inflation identify different kinds of inflation causes and effects of inflation on different sectors of economy describe different measures to control it.|
|03||Identify various types of banks explain the meaning and functions of commercial banks. Illustrate how commercial banks create credit and suggest the instruments to control it.|
|04||To know the concepts of non financial banking institutions and concepts of shares debentures stock market insurance and other activities.|
|05||To know the how the RBI and government prepare the monitory policies and understand importance of BOP and BOI in international trade.|
|05||S5-451||Economic development and Indian economy||01||Develop ideas basic economic growth and development, characteristics of developed economy.|
|02||To understand the theories of growth and development and balanced and imbalanced growth theories and theories of production methods|
|03||To know the knowledge about the basic demographic features of Indian and Andhra Pradesh Economy|
|04||To understand National income trends in India and problems of poverty, unemployment and it measures|
|05||To understand the New economic reforms in India pre history and objectives and achievements of new economic reforms|
|06||S5-452||Indian and AP Economy||01||Understand the agriculture as a foundation of economic growth and development analysis the changing the nature of agriculture sector and its contribution to the Indian economy.|
|02||To understand the role of industrial sector in economic growth and development analyse the changing nature of industrial sector and its contribution to Indian economy|
|03||To know the Knowledge about the Investment and disinvestment activities and importance of FEMA and service sector in India, reforms banking and insurance, IT and Education, health|
|04||Aware about the planning’s in Indian economy failures and achievements in the past economy and present functioning of NITI AYOG|
|05||To understand AP economy and its population effect on economy and contribution of different sectors in AP economy and role of SEZ in AP economy
|07||S6-451||Public Finance||01||To understand various concepts and features of economy through public and private finance|
|02||Recognise the sources of economy in Public Revenue and private Revenue|
|03||To understand the various government and private expenditures methods on different development activities|
|04||To recognise public debt methods and redemption methods as well as aware about the budget concepts|
|05||To understand the cannons of taxation|
|08||S6-452||Rural Economy||01||To understand the nature and scope of rural economy|
|02||Recognise the rural needs and management in rural area in India|
|03||Identify the importance of technology implements of rural life.|
|04||Recognise the importance of infrastructure facilities at rural areas as well as development and training programmes for the development of rural areas|
|05||Describe the differences between rural and urban economy|
|09||S6-453||Rural Industrialisation||01||To understand nature and scope role of and importance of industries in rural development|
|02||Types of rural industries and scope for developments|
|03||Understand the industrial policy with reference to backward areas and rural areas.|
|04||Assesses the role of technology skills training in rural development|
|10||S6-454||Rural Marketing||01||To create awareness about the applicability of the concepts ,techniques and processes of marketing in rural context.|
|02||To help understand the working of rural marketing institutions.|
|03||To understand the consumer behaviour in rural markets.|
|04||To familiarize with special problems related to sales in rural markets.|
|Suggest the solutions for the problems in marketing rural products and marketing information system.|