Swami Ramanand Shikshan Prasarak Mandal, Shahagad's Sant Ramdas Arts, Commerce & Science College, GhansawangiTq. Ghansawangi, Dist. Jalna

ACADEMIC YEAR (2018-2019)

IMPORTANCE OF ECONOMICS :

Economics is very useful for the producer. It guides him to how he should combine the four factors of production and minimize the cost of production. The consumer can adjust his expenditure of various goods in better way if he knows the principles of economics. He will spend his income according the law of Equi-Marginal utility in order to get maximum satisfaction.

It helps in removing the poverty from the country. Under developed countries are facing many problems like unemployment, over population, low per capita income and low production. Economics is very useful in solving these problems. Finance minister prepares the yearly budget of the country. Economics guides him that how he should frame the tax policy and monetary policy. In the modern age the importance of economic planning cannot be ignored. It guides the workers that how they can get maximum wages from the employer. In the third world countries there is a lot of wastage of resources which is the main cause of their poverty. The study of economic development will enable them to make the optimum use of their resources. A businessman can easily understand the trade policies of various countries. the trade policies of various countries.

MISSION :

To make the students responsible citizen of the country and create well known economists.

Objective of Department:

• Clear the concepts of Economics in simplified manner.
• To enhance awareness of students about the recent changes in Indian and Global Economy.
• To promote students for further education, competitive examination, & research in Economics.

Goals :

• To create and nurture a social awareness among students.
• To create a desire for consistent learning among students.
• To foster creativity, leadership quality and moral values among students

SCOPE OF ECONOMICS:

The basic thrust still remains on using the available resources efficiently while giving the maximum satisfaction or welfare to the people on a sustainable basis.

INTRODUCTION OF DEPARTMENT:

The Department of Economics is established in the year 1997. The college started the subject as an optional subject at the under graduate level. The department is one of the active departments of our college. The department provides valuable knowledge to students. Department inspires students for various jobs and prepares them for competitive examination. Department organizes seminars and publishes wall papers entitled �Economic Literacy�. Dr. R.K.Raut is working as the Head of the Department from 06th NOV. 1998 .

SWOC (Strength/weakness / challenge) analysis of the department :

Strength :

• Qualified faculty
• Passing rate of the final year students is above 96.26 percentage.
• Ph.D. Level research and publication.
• Minor Research Project Completed

Weakness :

• Organization of the conference and seminar
• Only one permanent post.
• P.G. Course

Opportunities :

• Department of Economics is available for further education in subject like P.G. M. Phil in few distance
• Research related to agriculture because to easily visit with farmers and students also have farming backgroun

Challenges :

• To bring the rural area students in the main stream of research

Future plans :

• Department Library
• To conduct more extension activities
• The department intends to conduct various Socio-Economic Surveys
• To provide subject magazines like Yojana, Arthsanwad, Arthmanthan, Indian Journal of Agri, Economics, RBI Bulletin, Economics & Political Weekly, Research Link, Business Today etc