SPOT ADMISSION is going for B.Sc. - Maths, Statistics, Physics, B.A. - Tamil, and M.Sc. - Maths, Physics.

Department Of Economics

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VISION

The vision of the Department of Economics and centre for Research in Economics is to provide a strong academic foundation in economic laws, concepts, theories, models, issues and encourage the students and scholars to apply their knowledge to analyse economic issues and formulate new policies.

MISSION

  • To develop and devise a innovative curriculum that promotes critical and logical thinking for students and Scholars.
  • To be a center of excellence by training students and research scholars in economic theory and its applications.
  • To keep up with changes and challenges and to improve course sequencing.
  • To promote vibrant economic and social science research using ICT.
  • To enhance students’ core and distinctive competencies to become good citizens.
  • To enhance collaborations, MOUs, industry-interface and internship programmes.

OBJECTIVES

B.A. and M.A. programme in Economics that aims at providing a rigorous training in theory, tools and methods for economic analysis, with a special focus on issues of Indian Economy, Development Economics, Environmental Economics, Health Economics, Managerial Economics and Quantitative Methods Applied in Economics. M.A.Economics students will be part of a vibrant academic community at Madura College comprising of faculty, research scholars and visitors, working on various facets of development within an inter-disciplinary structure. Students are expected to be well prepared for careers in academia, government, national and international development agencies, research institutions, the corporate sector, media and the MNCs.

M.Phil and Ph.D. launched in 2010, the Centre for Research in Economics (CRE) has established itself as a premier centre for teaching and research in Economics. It offers both Full time and Part-time Ph.D. programme in Economics affiliated to Madurai Kamaraj University.

The Centre espouses the philosophy that Economics looks at a problem in a innumerable ways. This diversity of the subject is reflected in its programmes that expose students to the existing schools of thought and thereby gives them a broad training and placements. In most educational institutions where Economics is taught, there is a vast gap between economic theory and practice. CRE does not believe in this and, therefore, links economic theory with historical experience and empirical observation and data. Teaching economic theory is not viewed merely as an exposition of received and established truths or as an intellectual exercise in the skills of logical deduction and inference.

The faculty aims at making the students understand the process and logic of inference from observations that go into the making of theoretical constructions. Thus the students are not just acquainted with rigorous techniques of analysis but trained to look for the relation between theoretical and empirical evidences.

History of the Department

  • The Department is in its 74th year of functioning. It is a full fledged Research Department, with Full time M.Phil Programme and Full time and Part-time Ph.D. Programmes. The Department currently offers B.A., M.A., M.Phil. and Ph.D. Programmes in Economics.
  • UG course in Economics was started during 1946-47 with the medium of instruction in English. A section with medium of instruction in Tamil was opened during 1960-61.
  • The PG course was introduced in 1988. The M.Phil. Programme in Economics has been introduced in the year 2010. The Department has also been recognised as one of the Research Centres leading to Ph.D. Programme in Economics (Full time and Part time) of Madurai Kamaraj University in the year 2010.
  • The Department of Economics is one of the oldest departments in The Madura College. As a Course of Study, Economics has stood the test of time and continues to enjoy mass popularity. The Department was offering B.A.
  • Economics both in English and Tamil as a medium. B.A. Special Economics Course was also offered during early 1970’s.
  • During 1988, when academically certain structural changes were effected in the college, M.A. Economics Course was started. Both sections of B.A. Economics were put under animated suspension.

Timeline

Course YEAR OF ESTABLISHMENT
B.A 1946 - 47 (Aided)
M.A 1988 – 89 (Aided) Upgraded into PG Centre
B.A 2003 – 04 (Self Finance)
M.Phil 2010 – 11 (Self Finance)
Ph.D 2010 – 11

Highlights of the curriculum

  • Offers a total of 21 papers, with five papers in each semester with Non-major elective in the 3rd semester.
  • The syllabus is periodically revised and updated to suit to changing times and market requirement.
  • Conventional papers like Micro Economics, Macro Economics, Development Economics, International Economics, Fiscal Economics and Indian Economics are taught with syllabus in line with the UPSC/TNPSC/SLET/UGC examinations. These papers help the students to come out successfully in the competitive examinations.
  • HRD Marketing Management, Entrepreneurship, Computer Applications and Demography form part of the curriculum, so that the student that the student is able to be self employed as an entrepreneur, sales professional or an enterprising entrepreneur in the stock and the share market.
  • Papers like Mathematical Methods, Statistical Methods help the students in sharpening the understanding of the nuances of the subject matter of economies.
  • The students are given two periodical tests, to test the understanding of the subject. The seminars are conducted at regular intervals for the students in all the subjects so that the expression. Language and the style of presentation improve with each seminar. The assignments are given for the student to summarize the whole content of the subject and present them as a condensed birds-eye view vision of the science. There is End of Semester Examination too. While external examination is valued for 75 the internal is assessed for 25 marks.
  • Students are taken on Field Visits and Field Studies. Seminars, Debates and Workshops are organised for students, periodically, to improve the communication skills and exposition of gain in knowledge.

Skills Imparted

  • Imparting
  • Analysing
  • Examining
  • Interpreting
  • Promoting
  • Modeling
  • Making
  • Reading
  • Listening
  • Speaking
  • Developing

Carrier opportunities

  • Indian Economic Service (IES)
  • Indian Statistical Service (ISS)
  • Officers in Department of Economics and Statistics
  • Economic Adviser and Economists in Reserve Bank of India and other Commercial, Private, Co-operative, Foreign Banks and NBFIs.
  • Officers in NSSO
  • Officers in CSO
  • Policy Maker in the Government
  • Teaching Faculty
  • Auditing
  • Preparing the students for competitive examinations
  • Preparing the students for UGC NET / SET Exams

Infrastructure

UGC - Grant
S.No Name of the Equipment UGC Grant Year
1 Computer P.G. XI Plan 2010-11
2 Laptop (Dell) P.G. XI Plan 2010-11
3 Hard Disk Drive P.G. XI Plan 2010-11
4 H.P. Laser Printer P.G. XI Plan 2010-11
5 Power point Projector P.G. XI Plan 2010-11
6 Computer P.G. XI Plan 2010-11
7 Sony Digital Camera (1) P.G. XI Plan 2010-11
8 DVD Player P.G. XI Plan 2010-11
9 White Marker Board with stand P.G. XI Plan 2010-11
10 R.O. System P.G. XI Plan 2010-11
11 Wireless Mike/Hand Mike(H2) P.G. XI Plan 2010-11
12 Computer/Monitor/UPS P.G. XI Plan 2010-11
13 White Ceramic Board (2) P.G. XI Plan 2010-11
14 ONIDA Split A/C (1) P.G. XI Plan 2010-11
15 Emergency Light P.G. XI Plan 2010-11
16 Electronic Podium General 2015
MCB Grant
S.No Name of the Equipment Year
1 T.V (1) 2003-04
2 OHP Projector (1) 2004-05
3 Hard Disk DriveCD Writer & Scanner 2004-05
4 Printer 2006-07
5 Printer 2008-09
6 Computer /Monitor 2009-10
7 Computer /Monitor 2010-11
8 Computer Table/Chair 2010-11
9 Computer Table/Chair 2010-11
10 Computer /Monitor(2) 2011-12
11 Key Board/Mouse 4+3 2012-13
12 Computer Table (3) 2012-13

Salient features

  • Inter-Collegiate Student’s Seminar at the State Level (Seminar Souvenir).
  • MAGNOMICS Inter-Collegiate Cultural Competition.
  • Economics Day Celebrations.
  • Invited Guest Lecture Programme.
  • Industrial Visit (Extension Activity)
  • Remedial classes for the students who have failed in various subjects
  • PTA Meeting with a purpose to distribute the mark statement to the Parents and to get suggestion from them.
  • Planning Forum – under the aegis of the department.
  • Departmental Library – Number of books 2457 out of which 410 books were donated by the Retired Staff besides the General Library.
  • As on date we are subscribing 10 Journals/Periodicals along with 4 dailies.
  • Reading room will be kept open from morning 9.15 AM to evening 5.45 PM for the benefit of the students.
  • The Department has farmed SHG at Pappapatty Village in Usilampatti. It is continuous to be under the care and guidance of the department.
  • Students are encouraged to present papers in seminar and to participate in all types cultural competitions.
PSO For B.A. Economics
PSO For M.A. Economics

Programme Educational Objectives (PEOs)

Programme Specific Outcomes (PSOs)

Faculty (Aided Stream)

AIDED FACULTIES
Name Designation Date of Join Area of Specialization Profile
Dr.S.Theenathayalan Associate Professor & Head 19.06.2000 Energy and Environmental Economics Profile
Dr.P.Kannan Associate Professor 03.07.2000 Urban Economics Profile
Dr.R.Gopi Associate Professor 20.06.2001 Health Economics & Indian Economy Profile
Dr.V. Sriman Narayanan Assistant Professor 20/02/2008 Agricultural Economics, Public Finance Profile
Dr.S.Karthikeyan Assistant Professor 25.02.2008 Agricultural Economics ProfileVidwan ProfileGoogle Scholar Link
Dr.S.Meenakshi Assistant Professor 16.06.2016 Public Finance Profile

Faculty (SF Stream)

SF FACULTIES
Name Designation Date of Join Area of Specialization Profile
Dr. J. Premkumar Coordinator 16-06-2008 Institutional Economics ProfileVidwan ProfileGoogle Scholar Link
Dr. S. Sureshkannan Assistant Professor 16-07-2016 Micro Economics & Macro Economics ProfileVidwan BlankGoogle Scholar Link
Dr. M. Deepan Assistant Professor 08.12.2017 Environmental Economics, Micro & Macro Economics ProfileVidwan ProfileGoogle Scholar Link
Dr.M. Manjula Assistant Professor 06-09-2018 Micro and Macro Economics ProfileVidwan ProfileGoogle Scholar Link
Dr.P.Gnanasoundari Assistant Professor 17-02-2021 Health Economics & Micro Economics ProfileVidwan Profile
Dr.C.Nithyanantham Assistant Professor 19-02-2021 Rural Development ProfileVidwan ProfileGoogle Scholar Link
Dr.G.Angalaeswari Assistant Professor 19-02-2021 Health Economics ProfileVidwan ProfileGoogle Scholar Link

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PG Syllabus

2017 Batch
S.NO COURSE TITLE COURSE CODE MAJOR / ANCILLARY / ELECTIVE / SBE / NME / PRACTICAL SYLLABUS
SEMESTER I
1 ADVANCED MICRO ECONOMICS - I 18P1VMC1 MAJOR View Syllabus
2 FOREIGN TRADE 18P1VMC2 MAJOR View Syllabus
3 MATHEMATICAL METHODS IN ECONOMICS 18P1VMC3 MAJOR View Syllabus
4 MACRO ECONOMICS - I 18P1VMC4 MAJOR View Syllabus
5 ENVIRONOMICS 18P1VMC5 MAJOR View Syllabus
SEMESTER II
6 ADVANCED MICRO ECONOMICS - II 18P2VMC6 MAJOR View Syllabus
7 MACRO ECONOMICS - II 18P2VMC7 MAJOR View Syllabus
8 STATISTICAL METHODS 18P2VMC8 MAJOR View Syllabus
9 AGRICULTURAL ECONOMICS 18P2VMC9 MAJOR View Syllabus
10 MONETARY ECONOMICS 18P2VMC10 MAJOR View Syllabus
SEMESTER III
11 DEVELOPMENT ECONOMICS 18P3VMC11 MAJOR View Syllabus
12 FISCAL ECONOMICS 18P3VMC12 MAJOR View Syllabus
13 COMPUTER APPLICATIONS IN ECONOMICS 18P3VMC13 MAJOR View Syllabus
14 MANAGERIAL ECONOMICS 18P3VMC14 MAJOR View Syllabus
15 ECONOMICS OF HUMAN RESOURCE DEVELOPMENT 18P3VME1 ELECTIVE View Syllabus
16 NON-MAJOR PAPER 18P3.NM1 NME View Syllabus
SEMESTER IV
17 INDIAN ECONOMY 18P4VMC15 MAJOR View Syllabus
18 ECONOMICS OF HEALTH 18P4VMC16 MAJOR View Syllabus
19 RESEARCH METHODOLOGY 18P4VMC17 MAJOR View Syllabus
20 ENTREPRENEURSHIP DEVELOPMENT 18P4VME2 ELECTIVE View Syllabus
21 DEMOGRAPHY 18P4VME3 ELECTIVE View Syllabus
2021 OBE
S.NO COURSE TITLE COURSE CODE MAJOR / ANCILLARY / ELECTIVE / SBE / NME / PRACTICAL SYLLABUS
SEMESTER I
1 Advanced Micro Economics 21P1VMC1 View Syllabus
2 International Economics 21P1VMC2 View Syllabus
3 Mathematical Methods in Economics 21P1VMC3 View Syllabus
4 Monetary Economics 21P1VMC4 View Syllabus
5 Environmental Economics 21P1VME1 View Syllabus
6 Gender Economics 21P1VME1 View Syllabus
7 Indian Economic Development 21P1VNM1 View Syllabus
SEMESTER II
8 Advanced Macro Economics 21P2VMC5 View Syllabus
9 Statistics for Economists 21P2VMC6 View Syllabus
10 Fiscal Economics 21P2VMC6 View Syllabus
11 Agricultural Economics 21P2VMC8 View Syllabus
12 Econometric Methods 21P2VME2 View Syllabus
13 Labour Economics 21P2VME2 View Syllabus
14 Budget and Financial Administration 21P2VNM2 View Syllabus

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S.NO TITLE OF THE ACTIVITY DATE (S) BENEFICIARIES
1. National Seminar on “GST in India: Prospects and Challenges Ahead” 11.10.2017 PG Students of the Department of Economics & Research Scholars
2. Seminar on New Initiatives in Indian Agriculture 05.01.2018 PG Students of the Department of Economics & Research Scholars
3. Maganomics-2018 06.01.2018 Department Student & Student from other Colleges
4. Environmental awareness programme at Madurai Corporation 18.01.2018 Madurai Corporation people
5.  National Seminar on Population Growth – A Boon or Bane: An Economic Outlook 30.01.2019 UG & PG Students of the Department of Economics & Research Scholars
6. Guest Lecture Programme on Choice is Yours 4.03.2019 UG Students of the Department of Economics & Research Scholars
7. Extension Activity Programme for NSS / RCC volunteers of The American College 07.03.2019 The American College students
8. Maganomics – 2019 23.03.2019 Department Student & Student from other Colleges
9. National seminar on Irrigation and Economic Development 30.08.2019 UG & PG Students of the Department of Economics & Research Scholars
10. Guest Lecture on Value Education and Mental Health 09.03.2020 UG Students of the Department of Economics & Research Scholars
11. Students’ Seminar on Health and Economic Development in India 13.03.2020 UG & PG Students of the Department of Economics & Research Scholars
12. Maganomics – 2020 14.03.2020 Department Student & Student from other Colleges

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