Evaluative Report - Department Economics
Evaluative Report - Department Economics 1. Name of the Department : Department of Economics 2. Year of establishment : 1976 3. Is the Department part of a School/ : Yes, School of Social Sciences 4. Names of programmes offered : M.A., M.Phil and Ph.D P.G Diploma in Foreign Trade 5. Interdisciplinary programmes and departments involved : Nil 6. Courses in collaboration with other universities, industries, foreign institutions, etc. : Nil 7. Details of programmes discontinued, if any, with reasons : Nil 8. Examination System (Annual/Semester/Trimester/ Choice Based Credit System) : Choice Based Semester System 9. Participation of the department in the courses offered by other depts. : N/A Faculty of the university? Credit 10. Number of teaching posts sanctioned, filled and actual (Professors/Associate Professors/Asst. Professors/others) Post Professor Associate professor Assistant professor Sanctioned Filled 1 3 5 1 2 2 Actual (including promotion) 3 1 2 2 11. Faculty profile with name, qualifications, designation, area of specialization, experience, research under guidance Name Qualificatio n D Retnar aj PhD, MA, MCT Professor Mani KP PhD, MA Professor KX Joseph PhD, MA, Msc (Stat), Msc (Maths), MBA Professor KV Ramacha PhD, MA ndran Shyjan D Zabee na Hamee dP Mphil, MA PhD, MA Designation Associate Professor and Head of the Dept Assistant Professor Assistant professor Area of specializatio n Urban studies, poverty studies Econometrics , Agriculture Experience Research under guidance 35 yrs 8 35 yrs 8 Econometrics , Quantitative Techniques 34 8 Planning, Industries 24 8 Development issues, 10 - Gender studies 16 - 12. List of senior visiting fellows, adjacent faculty and emeritus professors a) Dr K N Harilal, Professor, CDS, b) Dr Paul A Kattuman, Associate Professor, Cambridge Business School, University of Cambridge, c) Dr K S Hari, Gokhale Institute of Politics and Economics, Pune, d) Dr Ramaanjaneyulu, Professor, Bangalore University, e) Dr Jayan Jose Thomas, Associate Professor, IIT, Delhi, f) Jyothish Mohan IRS, g) Saju Surendran IES, h) Mr Thomas Mathew, Former Chairman, LIC of India, i) Prof K K George, Chairman, CSES, j) Mr R Mohan, Additional Director, Income Tax, k) Prof Bino Paul, Professor, Tata Institute, Mumbai. 3 13. Percentage of classes taken by temporary faculty Course PhD and Mphil PG Percentage of classes taken Nil 20 14. Programme wise student teacher ratio Programme PhD Mphil MA Ratio 8:1 1:1 8:1 15. Number of academic support staff and administrative staff : Librarian 1 (Other staff is allotted from the central pool of the university) 16. Research thrust areas as recognized by major funding agencies: Data analysis, gender studies, environmental programmes, urban related issues, studies on agricultural issues, local level planning 17. Number of faculty with ongoing projects from (a) national (b) international funding agencies and (c) total grants received. Sl Principal . Investigator No. Duration/ year 1 K X Joseph 2 years 2 K X Joseph 2 years 3 K P Mani 2 years Title NACC assessment for quality enhancement of Higher Educational Institutions in Kerala Higher education for civic learning and democratic engagement Capital formation in agriculture – role of institutional agencies in Kerala Funding Agency Amount Kerala State Higher Education Council Rs2lakhs ICSSR/NUEP A Rs1 lakh UGC Rs 1.5 lakh 18. Inter institutional collaborative projects and associated grants received : NIL 19. Departmental projects funded by DST, FIST, UGC, SAP, CAS, DPE, DBT, ICSSR, AICTE etc : As details furnished in (17) 20. Research facility with state recognition, national recognition, international recognition : We are receiving funds from state and national level agencies 21. Special research laboratories sponsored by industry or corporate bodies: NIL 22. Publications 4 Number of papers published in peer reviewed journals (National / international) 1 2 3 4 5 6 7 8 9 10 : 26 Publications of the Faculty (Research Articles and Books) Only important are mentioned Authors Title of the Article Journal Vol. Year Central Devolution to R Mohan & states: Suggestions No. CDSWP August 2014 D Shyjan 457 before 14th Finance Commission Decentralization and M.A. Oommen & No.4 Inclusion of the CDSWP October 2014 D. Shyjan 58 excluded CO2 Emissions in Developing countriesIndian Journal of K.X. Joseph & No.3 A cross continent Environmental June 2013 Ambili K analysis of Brazil, 3 Protection India and South Africa KrishnanattamGlances across the screen :An analysis of IJSR-International K.X. Joseph & September the Divine Dance Journal of Scientific No. 2 Ambili K 2013 Drama under the Research Rubric of Cultural Economics International Journal of An Econometric K.X. Joseph & Social Science and November No. 2 Analysis of Pepper Ambili K Interdisciplinary 2013 Production in India Research Internationalization of K.X. Joseph & Higher Education in Journal of Extension 2014 Ambili India: Problems and and Research Prospects Managerial Dr. K.P. Mani Cosmo Publications Economics Gender Composition Dr.Zabeena Hameed of India’s PopulationDevelopment Review 1 2013 P Some Distributing Evidences Urbanistion+Globalis ationVol.3 Dr. D. Retnaraj POSEIDON June 2014 Industrialistion=Keral No.1 isation:A case study Perspectives on Dr. D. Retnaraj ‘Social Inclusion’ via Development Review 1 January 2014 Islamic Economics: 5 Initiatives and ideas of Amartyasen and B.R.Ambedkar 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Dr. K V RAMACHANDRAN ASEAN How and What International Journal for Business Management Digital Economy: Its International impacts, Influences…… Journal of Business Statistics Some Traditional International Economic Theories and Journal of Business Approaches………. Intelligence and Management Global Economic and International Financial Crisis Journal for Marketing and Trade Policy Customer and Customer SIBLINK (South Satisfaction Indian Bank) Some traditional Theories Financial Business and Intelligence and Approaches……..(chapter Management ) ASEAN HOW AND India – ASEAN WHAT (chapter) FTA Challenges and Opportunities Global Economic and Marketing Financial Crisis (chapter) Management and Trade Policy Housing –A Multi Rural Development Dimensional Issue in Rural Kerala……(chapter) Bank Wide Risk Inclusive Growth of Management (chapter) India Problems and Challenges Global Research of Emerging India (Book) Publishers, New Delhi Digital Economy (Book, Info Scholars World On line) Violence Against Women Research Lines in India (coauthor) Innovations and Development Entrepreneurship Review Urban Solid Waste Social Dimensions - December 2010 - July 2009 - January 2009 - January 2009 - April 2010 - 2010 - 2011 - 2010 - 2012 - 2010 - 2013 - 2014 Vol VI No 2 December 2013 January 2014 - 2015 6 26 Management Mechanism of Green Economy ………..(chapter) and Sustainable Development Agricultural Performance Agricultural of India since Situation in India ………..(coauthor) Monographs Chapters in Books Books edited Books with ISBN with details of publishers : 5 Number listed in International Database (For e.g. Web of Science, Scopus, Humanities International Complete, EBSCO host, etc.) : Citation Index – range / average SNIP (Source normalized impact per paper) SJR Impact Factor – range / average h-index October 2014 :0 : 12 :2 : : : : : Extension Lectures delivered by the Faculty Members (only in the recent years and the important are included) Sl. Name No. 1 Dr.K.X. Joseph 2 3 4 5 Subject Institution Inaugurated the ICSSR sponsored two day National Seminar on ‘Role of computers in Social Science Research” organized by the Post Graduate, on 06th December 2013. Inaugurated with lecture on the topic “Big Data” in connection with the Seminar conducted by the Department of Economics, on 10th November 2013 on behalf of Economics Association. Inaugurated with lecture the seminar on the topic “Item Response Theory” conducted by Department of Statistics, on 18th October 2012. Inaugurated with lecture the seminar on the topic ‘Recent Advances in Statistics and Analysis of Non Conventional Data’ organized by on 08-08-2011. Inaugurated with a key note address Department of Economics, Vimala College, Thrissur Sacred Heart College, Chalakkudy, Thrissur District Government Arts & Science College, Calicut Department of Statistics, Farook College, Calicut Department of Mathematics, 7 6 7 1 2 3 4 5 6 7 8 9 10 11 12 Dr. K.P.Mani the seminar on the topic ‘Theory and its applications to Stochastic Modeling’ organized by on 12.02.2012. Conducted a lecture on ‘Quantitative Techniques in Social Science Research’ for the Ph.D scholars in Economics under Kannur University on behalf of the on 10th March 2014. Inaugurated with a lecture the Inductive Programme for the self Financing Teachers conducted by the UGC Academic Staff College, on 07-11-2012. Kerala Agriculture status challenges and prospects national seminar on 23Jan 2014 Banking sector reforms National seminar on 6th Feb 2014 FDI and Kerala economy national seminar on 29 Oct 2014. Banking sector reforms National seminar on 25th Feb 2014 Indian Agriculture trends, problems and prospects National seminar on 3.03.2014 Conceptual and Methodological Issues in Research work shop at on 22.3.2014 Conceptual and Methodological issues in research work shop on research methodology on 18th 2014 Econometric Model Building workshop for research scholars on 4th June 2014 Indian Agriculture trends, problems and prospects National seminar on 26th Marach 2014 Indian Agriculture trends problems and prospects National seminar on 6th Aug 2014 Kerala Development experience Keynote address at state level seminar on 16th Oct 2014. Green agriculture National seminar on 23rd Sept 2014 Providence College, Calicut Department Economics, University of Applied Kannur Bharathiyar University S H College Thevara NSS college, Nenmara Government Victoria college Palakkad Mambad college SN college Varkala St Joseph’s Irinjalakuda college Government Malappuram College Bharathiar Coimbatore University St Paul’s Kalamassery college Little Flower Guruvayur College, govt college, Kasargod Elerithattu Mar Athneyshyous college Kothamangalam 8 13 1 Dr.D.Retnaraj 2 3 4 5 6 1 2 3 4 5 6 7 8 9 10 D. Shyjan Exclusions in Inclusion National seminar on 18th March 2014 Economic Liberalisation an inclusive growth in India, 2 days National Seminar 17.03.2014 Alternatives Paradigms of Keralas Development Experience: An Exploration, Problem Formulation in Social Science Research Desired Kerala Model of Development , Punnachary Memorial Lecture February 2014 Alternative to Kerala Model of Development, 1 day Seminar on 10.02.2014 Research Methodology and Hypothesis Formulation for Social Science Research for PhD students on 11.06. 2014 Research Methodology and Computer Application St Alysousis college Elthururth St. Aloysious College, Elthuruth,Thrissur, Kerala Govt. Brennen College, Telichery 6.03.2014 Kannur University, Central Library 11.06.2014. Pattambi Sanskrit College Chungathura Marthoma College Kannur University PhD students, Department of Economics, CUSAT (07.03.14) Research Methodology and PhD students, Department of Computer Application Economics , Govt. College Kottayam (12.02.2014) Research Methodology and PhD students, Department of Computer Application Economics, MA College, Kothamangalam (13.02.2014) Kinked Exponential Models PMG College, Chalakkudy (20.03.14) Growth Rate Estimation SB College, Changanassery (04.05.14) Experimental Exercises on India’s Central University of Tamil Long-term Growth Nadu, Tiruvaroor (20.09.2014) Services Sector in Kerala’s Govt. Brennen College, Development Telichery 6.03.2014 (05.03.14) Curriculum Design for the PG Rajiv Gandhi National Development Alternatives Institute of Youth Development, Sriperumbudur, Chennai (18,19-09-2014) Issues of Solid Waste Management UGC-ASC, University of in Kerala Calicut (21.06.2014) On data source and management Zamorins uruvayoorappan 9 11 12 On Expenditure Pattern on Kerala 13 On the marginalized and the Vision 2030 Methods for Assessing long-run growth as a tool for public policy Environment and Development 14 college, 30-01-2014 (30.01.14) IRTC, Palakkad (11.08.14) TEXAS, Kuwait (07.02.2014) Kerala Economic Association (21.02.14) CPPR, ATLAS Cochin DR K V RAMACHANDRAN Sl No Title Venue 1 2 3 4 5 Union Budget 2011-12 Union Budget 2012-13 Union Budget 2012-13 FDI on Multi Branded Retail Outlets Some Traditional Economic Theories…….. 6 Digital Economy….. 7 Indian Banking Industry…… 8 Human Rights….. 9 Indian Banking Industry Problems and Challenges 10 Islamic Perspectives of Economic Development Rotary Club Trichur Rotary Club Trichur Sahitya Academy Trichur ICCI Thrissur chapter Dept of Economics, University of Calicut Dept of Economics, University of Calicut West Fort Academy for Higher Education Trichur Dept of Economics, University of Calicut Dept of Economics, University of Calicut Dept of Economics, University of Calicut 23. Details of patents and income generated : NIL 24. Areas of consultancy and income generated : The department is having consultancy/collaboration with the institutions/agencies Government of Kerala Kerala State Planning Board Kerala Sasthra Sahithya Parishahath Council for Social Development Kerala Institute of Local Administration Kerala State Higher Education Council Rajiv Gandhi National Institute of Youth Development National University of Educational Planning and Administration National Council for Education Research and Training following 10 25. Faculty selected nationally/internationally/to institutions/industries in India and aboard : NIL visit other laboratories, 26. Faculty serving in national committees, international committees, editorial boards, etc The faculty of the department is serving in Board of studies of various universities, editorial boards of journals published by different universities and institutes, various selection committees, UGC committees, etc 27. Faculty recharging strategies (UGC, ASC, Refresher, orientation etc) Academic Staff Development Programmes Refresher courses Number of faculty attended 1 HRD programmes - Orientation programmes 1 - Staff training conducted by the university Staff training conducted by other institutions 3 Summer / Winter schools, workshops, etc. 6 28. Student projects Percentage of students who have done in house projects including interdepartmental projects Percentage of students doing projects in collaboration with other universities/industry/institute 29. Awards/recognitions received at the national/international level by faculty/ doctoral fellows/students : 100 % : NIL : NIL 30. Seminars/conferences/workshops/organized and the source of funding with details of outstanding participants if any Sl.No 1 2 3 Title Workshop on globalization, urbanization and sect oral reforms in India- January 2010 Workshop on Indian economy: looking aheadJanuary 2012 Seminar on Growth and equity from the perspectives International/ National/ State National National National 11 4 5 6 7 8 9 10 of Islamic economics- March 2013 Workshop on Financial economics November 2013 Workshop on Kerala Budget- February 2014 Workshop on Time Series Econometrics- February 2014 Workshop on Research Methodology, Quantitative Techniques and Econometrics- August 2014 Seminar on RBI reports- September 2014 Seminar on Kerala’s fiscal crisis- September 2014 Workshop on SPSS- February 2015 National State National National State State State 31. Code of ethics for research followed by the department The department tries to impart high ethical values among research scholars. The progress of research is evaluated twice a year. This exercise is done very rigorously. There is a gathering of research scholars titled “Research Forum” and every month, the forum used to arrange scholarly lecturers for the benefit of the students. 32. Student profile: Number of students admitted in the department in the last five academic years: Name of year the programme MA 2010-11 2011-12 2012-13 2013-14 2014-15 M.Phil 2010-11 2011-12 2012-13 2013-14 2014-15 PhD 2010-11 2011-12 2012-13 2013-14 2014-15 Applications received Selected Males Selected females %pass Males %pass females 98 86 97 106 79 38 43 52 49 43 32 53 48 46 36 18 19 16 19 18 1 2 3 2 2 6 2 3 3 0 6 4 8 5 6 5 4 5 6 4 2 4 7 6 7 100 100 100 On going On going 100 100 100 100 On going On going On going On going On going On going 100 100 100 On going On going 100 100 100 100 On going On going On going On going On going On going 12 33. Diversity of students Name of the progra mme PhD M.Phil MA % of students from the same university % from other universities %from universities outside the state %students from other countries 85 100 78 10 22 5 - - 34. How many students have cleared civil service and defense service examinations, SET, GATE and other competitive examinations Category JRF NET SET Number 22 13 18 35. Student progression Student Progression % UG to PG* PG to M.Phil.* PG to Ph.D. Ph.D. to Post-Doctoral 25 75 - Employed • Campus selection • Other than campus recruitment 12 36. Diversity of staff: Percentage of the faculty who are graduates Of the same university 3 From other universities within the state 2 From universities from other states 1 From universities outside the country - 37. Number of faculty who awarded Mphil, PhD, Dsc, and D Litt during the 13 assessment period (2010-15) : Mr. Shyjan D, Submitted PhD thesis for adjudication (Jawahar Lal Nehru University, Delhi) 38. Present details of departmental facilities with regard to a) Library Total area of the library (in Sq.Mts.) : 129 Total seating capacity : 30 Working hours (on working days, on holidays, before examination, during examination, during vacation) 10 AM to 5PM with lunch break from 1.15PM to 2 PM Layout of the library (individual reading carrels, lounge area for browsing and relaxed reading, IT zone for accessing e-resources) Single room Clear and prominent display of floor plan; adequate sign boards; fire alarm; access to differently-able users and mode of access to collection Adequate sign boards are provided open access Print (books, back volumes and theses) 9258 (books 8811) Average number of books added during the last three years Total 161 books Non Print (Microfiche, AV) Electronic (e-books, e-journals) : Nil Special collections (e.g. text books, Reference books, standards,Patents) : Reference books : 997 Book Banks : Nil Question Banks : Nil OPAC Electronic Resource Management package for e-journals : OPAC System followed : Nil Federated searching tools to search articles in multiple Databases : Library Website : Nil Nil 14 In-house/remote access to e-publications : Nil Library automation : Nil Total number of computers for general access 1 Total numbers of printers for general access 1 Internet band width speed 2mbps 1 GB 10 mbps Institutional Repository Nil Content management system for e-learning Nil Participation in resource sharing networks/consortia (like INFLIBNET)Nil Average number of walk-ins 45 Average number of books issued/returned 25 Ratio of library books to students enrolled 125:9258 Average number of books added during the last four years 30 Average number of login to OPAC Nil Average number of login to e-resources Nil Average number of e-resources downloaded/printed Nil b)Internet facilities for staff and students Students enjoy limited internet facilities. Faculty do not have separate internet facilities in their cabins. This is one of the important limitations of the department c ) Total number of class rooms 3 d) Class rooms with ICT facilities 1 e) Students laboratories -Computer lab 1 f) Researchers laboratories NA 39. List of doctoral, post doctoral and research associates a) Doctoral . Ph.D Programme Sl. No. Name of the Researcher Guide Title 15 1 Shamna Thachaparamban Dr. K.X. Joseph Electoral influences on budgetary policy choices of the Government in Kerala An analysis of Agriculture Income Instability in Kerala Economies of Spices in Kerala in the era of Globalisation Environmental Issues of Urban Road Transport in Ernakulam District A study on export of engineering goods in India Impact of International Agreements on Marine Fishery Sector in Kerala Capital formation in Agriculture – Role of institutional agencies in Kerala A study on Agricultural indebtedness in Kerala Mahatma Gandhi National Rural Employment Guarantee Programme (MGNREGP) in Kerala An evaluation of public Distribution system in Kerala e-waste –Economics, Challenges and alternatives Economics of Tyre Industry in India Social Capital formation in Kerala – Role of formal and informal institutions An Economic analysis of food security among rural house holds in Kerala Impact of golbalisation on urban consumption pattern in Kerala Employment boom in the Urban Informal Sector in 2 Thomachan Dr. K.X. Joseph 3 Ambili K Dr. K.X. Joseph 4 Indira P.M. Dr. D. Retnaraj 5 Flowarin A.D. Dr. K.X. Joseph 6 Sajitha M Dr. K.X. Joseph 7 Sini Thomas .M Dr. K.P. Mani 8 Umaiban M.M. Dr. K.P. Mani 9 Usha Kolamakkolli Dr. K.V.Ramachandran 10 Smitha P.C Dr. K.P. Mani 11 Vineetha A.A. 12 Nisha Rapheal 13 Vidhya I.V. Dr. K.V. Ramachandran Dr. K.V.Ramachandran Dr. K.P. Mani 14 Sanoop M.S. Dr. K.P. Mani 15 Deepa K.V. Dr. D. Retnaraj 16 Deepa V.D. Dr. D. Retnaraj 16 17 Ayana N Dr. D. Retnaraj 18 Sajina V Dr. K.V. Ramachandran 19 Babitha V Dr. K.V. Ramachandran 20 Naushad K.S. Dr. K.X. Joseph 21 Gini Paul Dr. K.X. Joseph 22 Rejuna C.A. Dr. K.X. Joseph 23 Imbichikoya K 24 K.C. Francis 25 Bindu Balagopal Dr. K.P. Mani 26 Vidya K.T Dr. K.P.Mani 27 P Noufal Dr. K.V. Ramachandran 28 Ravisankar E.V. Dr. K.V. Ramachandran 29 Raseena K.K. Dr. K.X. Joseph 30 Neha Elizabeth Dr. D. Retnaraj Dr. K.V. Ramachandran Dr. K.P.Mani Kerala: Causes, problems Empowering Urban poor in Kerala : an approach to inclusiveness Economics of housing in Kerala : Problems prospects and Solutions Information and communication technology : Its role and Impact on tourism development in Kerala – A study of Wayanad District Development Experience in Kerala – An Inter District analysis Impact or Rule –Based Fiscal Policy on Social Sector spending : A study of Major sites in India Solid waste management in Kerala: A financial and Economic analysis Growth and instability of the unorganized labor market in Kerala Cropping pattern in Kerala : Implications and Impact of WTO Reforms Music Industry in India : Economics Problems and Prospects Non Governmental Organisations and Initiative Towards inclusiveness Operation efficiency in KINFRA Problems Prospects and Solutions Micro Finance and Women Empowerment in Kerala: A study of self help groups in Palakkad District Performance of Agro-Based Industries in Kerala since reforms –A study on coir industry Spurt in Gold Prices and its impact on Urban 17 31 Shiji O Dr. D. Retnaraj Post doctoral and research associates : Consumers in Kerala Impact of tourism on Economic Development of Kerala since reforms NIL 40. Number of post graduate students getting financial assistance from the university 32 41. Was any need assessment exercise undertaken before the development of new programme? The department is offering conventional course in economics which include research degree and post graduation. In the last financial year government of Kerala sanctioned an Inter University Centre, with special emphasis on financial economics. Financial economics is given stress because in the current global environment, studies on finance and allied subjects are getting momentum. We are expecting heavy demand for the course and it is proposed to start the course in June, 2015 42. Does the department get feedback from faculty, students and alumni? We are collecting student feed back in every semester end based on the feedback from prepared by the University for CCSS programme. The feedback is communicated to the teachers personally by the Head of the department. 43. List the distinguished alumni of the department: 1. Abraham Mathai Security Chief UNO 2. T P Senkumar IPS DGP Kerala State 3. Paul A Kattuman, University of Cambridge 4. Ravi Raman, Department of Development Studies 5. Rameshan Director, IIM Rohtak 6. Bino Paul, Professor, TISS 7. Joseph K J Professor, Centre for Development Studies. Thiruvanathapuram 8. Veeramani C, Professor, IGIDR Mumbai 9. Abdul Azeez University of Groningen Netherlands 10. Justin Paul Professor, USA 44. Give details of student enrichment programmes Students are provided opportunities to listen scholarly lecturers made by eminent professors when they visit the department. 45. List of teaching methods adopted by the faculty for different programmes Faculty mainly follows conventional teaching methods, supplemented with power point presentations. Students are also trained in the use of statistical packages 46. How does the department ensure that programme objectives are constantly met and learning outcomes are monitored? 18 This is evaluated based on number of students going for research degrees like Mphil and PhD, based on number of JRF/NET scholars. 47. Highlight the participation of students and faculty in extension activities; Since the department is a research department, the scope of extension activities is limited. Within the limited time, the students used to conduct socio economic surveys, conduct action research on felt needs of the locality, participate in awareness programmes etc. The faculty used to give extension lectures on various topics at different venues, particularly at the grass root level. 48. Give details of “beyond syllabus scholarly activities” of the department : See 47. 49. State whether the programme is accredited/graded by other agencies NO 50. Briefly highlight the contribution of the department in generating new knowledge. Since the department is dealing with basic science, the potential for generating new knowledge is limited. But 81 scholars completed their doctoral work and each work imparts new knowledge/application. The faculty also under take research projects and also publish papers which generate know knowledge and skill. 51. SWOT 1. 2. 3. 4. 5. Strength Faculty Library Updated curriculum Inter institutional linkages Proposed Inter University Centre in Financial Economics 1. 2. 3. 4. 5. Weakness Off campus Infrastructure Limited internet connectivity Domination of female students with limited academic interest Limited funding Opportunities 1. Changing global scenario 2. Potential for developing inter discipline research 3. Under taking major research projects 4. SAP 5. Collaboration with foreign universities Challenges 1. Competition from management graduates 2. Best talents are not attracted because of medico, engg syndrome 3. Limited student progression 19 4. Year to year fall in funding 5. Faculty positions remain vacant 52. Future plans of the department Mission To impart state of the art knowledge, skill and aptitude in all stake holders of higher education in the discipline of Economics, nationally, irrespective of class, caste, creed and regional disparities and to inculcate and motivate them to sustain an urge for research, social consciousness and uncompromising spirit of individual dignity, human facts and intellectual honesty and thereby enabling them to face the current challenges and to open up new vistas in Economics with courage, confidence and conviction. Vision To become a centre par excellence in Economics and allied subjects, unique in experience, inclusiveness, and value based in approach and to remain as an exemplary model to sustain the quest for teaching and research in Economics, creative extension and innovation among all the stake holders in Economics for enriching and fulfilling the life of all students to accelerate social evolution through the study of Economics in the right path for the right cause.