Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production, distribution and consumption of goods and services in an economy. Economics focuses on the behavior and interactions of economic agents and how economies work. Consistent with this focus, primary textbooks often distinguish between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual people and markets, their interactions, and the outcomes of interactions.
Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the entire economy (meaning aggregated production, consumption, savings, and investment) and issues affecting it, including unemployment of resources (labor, capital, and land), inflation, economic growth, and the public policies that address these issues (monetary, fiscal, and other policies).
The Department of Economics was started in 1919 with the introduction of B.A. Economics Programme. The M.A. Programme was started in 1960. The Department was recognized as the research department in 1975. Followed by the M.Phil Programme (Both Full time and Part time) was started in 1980. And the Ph.D programme was introduced in the year 1975. Many distinguished professors such as Sri. S. Thothadri Iyengar, Sri. K. A. Neelaganda Sasthri, Sri.M.S. Venkatrama Iyer, Sri. L.S. Parthasarathi, Sri. K.V. Sundaram and Dr. A.N. Rajamani have worked in the Department. Currently, there are 09 staff members serving in the department.
There are 150 UG, 20 PG, 10 M.Phil and 3 Ph.D students in the Department. The dropout rate ranges between 1-5%. Nearly 95% of the students come from families having vocation in the agricultural sector. More than 90% of the students belong to BC/MBC/SC/ST communities. Many alumni of the department occupy decent employment in various Government and Private Agencies. The Department offers both UG & PG Programme under Choice Based Credit System. Many staff members are involved in the curriculum development of Bharathidasan University and other Autonomous Colleges. Many members of the staff also serve as Members of Board of Studies in various Universities and Autonomous Colleges.
“Empowering students to become leading economists, businessmen, policymakers, and change makers who can drive sustainable economic growth, social justice and environmental stewardship.”
The mission of the department is to address economic and social challenges, promote inclusion, and enhance community well being.
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