Economics
Courses Offered
B.A. Economics (Regular/Full time)
The Department of Economics at Dr. M.G.R Educational and Research Institute offers a 3 – year Undergraduate Degree programme with a strong theoretical foundation in the areas like Development Economics, Environmental Economics, Public Finance Indian Economy and International Economics with the help of mathematical and statistical tools. The department also provides adequate insights on computer applications.
With a series of academic presentations, seminars, orientation programmes and life skills training the students are educated to face the real world challenges. Along with Economics the students are imparted with ethics, human valuesand social responsibility. The department also promotes research by ensuring students participation in regional conferences and international projects. Through placement drives students are exposed to the current demand in the job market which allows them to build a perfect career.
| Duration | 3 Years |
| Eligibility | At least a minimum percentage of marks required in 12th standard (Intermediate /CBSE/Board examination) |
| Total Semesters | 6 |
M.A. Economics (Online Program)
The Department of Economics at Dr. M.G.R Educational and Research Instituteoffers a 2 – year online Postgraduate degree programme with the help of skilled experts in Economics. With a great quality curriculum the students will gain in-depth knowledge and skills which will make them qualified to take up a career in this field.
Scope of Economics is broad and highly demanding and when backed up with a master’s degree, it can open up a host of challenging career opportunities in this field. After completing the postgraduate programme, the students can look forward for the job roles like Economist, Financial Consultant, Financial planner, Risk analyst, Investment analyst, Economics Researchers, Economics Teacher/Professor and much more.
| Duration | 2 Years |
| Eligibility | The M.A. Economics eligibility criteria involve passing of the Undergraduate Degree in economics or any discipline from a recognized board of education – preferably passionate in the field. |
| Total Semesters | 4 |
INTRODUCTION
The Department of Economics at Dr. M.G.R Educational and Research Institute offers Undergraduate and Postgraduate Programs with a complete package appealing to every aspect of a student’s life. The Department aims at maintaining the right and relevant curriculum that is regularly kept abreast according to the changes of the rapidly evolving Indian and Global economy. It is aimed to make the students to have Understanding & Analytical skills, necessary to be part of the economy in its journey forward. The scope for job opportunities are as below with adequate training before being placed.
SCOPE:
Government Sector
- Economic Analyst
- Credit Analyst
- Financial Analyst
Private Sector
- Financial Risk Analyst
- Investment Analyst
- Health Care Analyst
Multinational Companies
- Insurance Advisor
- Risk Analyst
- Market Research Analyst
Abroad Careers
- Operational Research Analyst
- Assurance Analyst
- Financial Advisor
Entrepreneurial/Business Options
- Mortgage loan associate
- Environmental economist
- Contract Specialist
VISION
To provide a quality education in economics and to develop future leaders of industry, government and civil society.
MISSION
- To ensure that our students have the integrative and critical thinking skills as well as quantitative and qualitative abilities to analyze complex domestic economic, social and global problems.
- To ascertain that our students have the necessary interpersonal, communication and leadership skills so that they can function as responsible citizens and effective leaders.
- To create a collaborative teaching and learning environment that emphasizes social responsibility, ethical decision-making and a global perspective.
PROGRAM EDUCATIONAL OBJECTIVES:
- Be able to understand the ideas, concepts, tools, theories, and models of economics.
- Be able to demonstrate an integration of the subdivisions within economics such as economic development, financial economics, economic thought, monetary and fiscal policy, public finance, and international finance, and the application of these subdivisions to current economic issues and problems.
- Be able to express and communicate economic ideas accurately, professionally, and succinctly by effectively applying relevant economic sources and data in various written formats.
- Be able to gather and analyze relevant data as well as critically evaluate economic policies, models and theories.
PROGRAM OUTCOME:
- To able to understand basic concepts of economics. and able to analyze economic behaviour in practice.
- Critical Thinking Skills: Students are expected to be able to apply economic analysis to everyday problems in real world situations, to understand current events and evaluate specific policy proposals and to evaluate the role played by assumptions in arguments that reach different conclusions to a specific economic or policy problem.
- Quantitative Reasoning Skills: Students are expected to understand how to use empirical evidence to evaluate the validity of an economic argument, use statistical methodology, interpret statistical results and conduct appropriate statistical analysis of data.
- Students are expected to be able to solve problems that have clear solutions and to address problems that do not have clear answers and explain conditions under which these solutions may be correct.
- Communication Skills: Students are expected to be able to communicate effectively in written, oral and graphical form about specific issues and to formulate well-organized written arguments that state assumptions and hypotheses supported by evidence
PROGRAM SPECIFIC OUTCOMES:
- Analyze the Micro and Macro Economic theories
- Understand the Working of Indian and World Economic scenario
- Contribution of Business Statistics and Mathematics in Economic theories
- Insight into special fields of your choice, like energy economic, competition policy, industrial economics, financial markets, environmental and resource economics, development economics and international trade.
PROFICIENCY ENHANCEMENT COURSE:
- Language (Tamil, English, Hindi, Spanish, German, French, Russian, Japanese, Chinese & Arabic )
- Communication (Written, Presentation and Oral)
- Learning from experts in industry
- Soft Skill Training
- Personality Development
MAJOR CORE SUBJECT:
- Micro Economics
- Macro Economics
- Indian Economy
- Financial Accounting
- Money and Financial Markets
- Ethics in Economics
- Statistics
- Business Law
- Rural Economics
- Environmental Economics
- Public Finance
- Business Management
- Agricultural Economics
- Labour Economics
SKILLS THAT DEFINE AN ECONOMIST:
- Knowledge of social sciences
- Good at understanding complex systems
- Independent thinkers
- Written skills
- Open mindedness
- Self-driven
Why Economics at Dr. M.G.R?
- “IAS, UPSC, TNPSC, and RRB coaching available for students at University
- The course enables the students to get exposed to dual subjects and the employment opportunities are huge in any administrative platform
- Gateway for excelling in Civil Services and UPSC Examinations with exclusive coaching
- Special training and classroom sessions by experts in the respective fields
- Guest lectures, seminars and orientations by Officers to train the students and throw light on Civil services
Benefits of Studying Economics
- Enhances problem solving skills
- Have a better understanding of Earnings and Investments
- For Balanced Financial Stability in Life
- Excellent Graduate prospects
- Covers everything from personal care to national policy making
- Need of the country in these days of rapid economic progress
- Master resource deployment to meet human needs
- To investigate reasons of poverty, unemployment and low economic growth
- Acquire knowledge of investments and trade