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Department of Economics

The history of teaching of economics in this college is as old as the college itself. Till previous session, the subject of Economics only used to be a part of curriculum in the subject of Commerce and was not taught as a core subject. However, introduction of B.A (Hons.) Economics in this college is the outcome of the recommendations made by the NAAC Peer Team during its visit to the college in 2017. Since then the college has been working consistently in this direction and finally succeeded in framing a very robust and relevant course structure after a series of consultations and deliberations with the experts from academia and industry. The knowledge of economics enables one to understand the subtle intricacies of the ever-changing competitive world that we live in seeking to meet the growing requirements and to enhance employment avenues. The Islamia College of Science and Commerce, Srinagar has taken the lead in starting B.A (Hons.) in Economics and has the distinction of being the first college in the valley to start such a prestigious course.

1. To initiate the students into the acquisition and application of diverse economic theories.
2. To create awareness among students, to discuss current issues, to provide up-to date and career-oriented education in Economics.
3. To imbibe the students with critical, analytical and creative use of theory to understand the socio-economic environment and approach the contemporary socio-economic problems with better solutions.
4. To produce competent policy planners, resource managers and economic advisors of our own who will guide the nation on economic front in future.

1. To prepare students for higher education, practical research and career placement.
2. To produce indigenous human resource capable of understanding, analyzing, solving and managing any economic problem within the contours of the available resources.
3. To reach the standards of excellence in teaching, research and consultancy.
4. To establish an Entrepreneurship

Strengths
1. Institutional / Academic autonomy
2. Dedicated highly qualified faculty
3. Meritorious students
4. Location advantage; college is in close vicinity of university of Kashmir and central university of Kashmir
Weakness
1. Newly established department (Infancy issues)
2. Shortage of faculty
3. Infrastructural bottlenecks
4. Limited placement mechanism
Opportunities
1. Being a policy science studying economics offers a wide range of opportunities in policy making in both government as well as corporate sector. The other fields of career opportunities are;
2. Data analysis is the most sought after skill set in the market and is expected to grow exponentially.
3. Economist
4. Financial risk analysis
5. Investment analysis
Threats / challenges
Rising unemployment rates in the country has made job market more tough and complicated. Providing a required skill set as per the requirements of a dynamic market will be a major challenge.

Name of the Course
BA (Hons) Economics
Duration
03 Years/06 Semesters
Intake Capacity
40
Eligibility
10+2 from any recognized Board/ University with 45% marks for open merit category and 40% marks for reserved category.
Mode of Admission
On the basis of merit obtained at 10+2 level/Entrance Test.
Admission Fee
As per the latest Fee Notification of the Institute.

Objectives
1. Train students in basic economic theory.
2. Equip students with the mathematical and statistical techniques necessary for a proper understanding of the discipline.
3. Discuss present world economic issues and problems with possible solutions.
4. Train students to collect primary data and learn sampling techniques.
5. Train students to use statistical and econometric methods to arrive at conclusions about the validity of economic theories.
6. Train students to learn the art of economic modelling.
Outcomes
1. The programme has been designed to offer the eligible candi-dates a comprehensive course to deliver in diverse aspects of the economy.
2. It aims at developing analytical and problem-solving skills among the students.
3. To imbibe among the students the knowledge and skill of entre-preneurship.
4. Enables the students to apply knowledge and understanding they have acquired to practical life problems
5. Address theoretical and applied problems in economics.
6. Equip students with a range of skills which will be of value in employment and provide them with the knowledge and oppor-tunity to acquire skills to pursue further study in economics.

  1. M.Phill, M.A

    ABIDAH AHSAN
    Associate Professor ( HOD )

    Domain : Economics