Department of Economics

An Overview

The Department of Economics was established in 2013 with the objective of imparting quality higher education in the field of economics and meeting the growing demand among students for specialization in the discipline. The Department offers a B.A. (Honours) in Economics and an M.A. in Economics, providing students with a strong foundation in economic theory, quantitative methods, and applied economic analysis.

The Department emphasizes the development of analytical ability, logical reasoning, critical thinking, and problem-solving skills among students through a combination of classroom learning, academic discussions, research activities, and experiential learning. In alignment with contemporary educational reforms, the Department also integrates National Education Policy (NEP)–based multidisciplinary learning approaches and Indian Knowledge Systems (IKS) into its academic framework.

About the Department

The Department of Economics aims to provide holistic, interdisciplinary, and practice-oriented education in its undergraduate and postgraduate programs, aligning with the National Education Policy (NEP 2020). The curriculum integrates theoretical knowledge with practical insights, fostering an understanding of economic dynamics at various levels. It promotes multidisciplinary learning and skill-based education, offering value-added and interdisciplinary courses to enhance employability skills. The Department also emphasizes Indian Knowledge Systems (IKS) through the study of classical texts and historical economic thought. Students engage in current economic issues via seminars and projects, preparing them for careers in academia, research, and public administration while encouraging further education and research. 

At the Bhopal School of Social Sciences (BSSS), the Department of Economics aspires to create an international network of scholars who will lead ethically and responsibly in the field, working for national and international levels of sustainable development and socioeconomic prosperity for all people and all institutions. 

The Department of Economics at the Bhopal School of Social Sciences has well-qualified faculty members who specialize in various theoretical and mathematical areas of economics. The teachers are highly motivated towards research and actively engage in academic publications.

VISION

To produce conscientious students equipped with analytical, logical, critical thinking and problem-solving skills, driven not just by self-interest but general wellbeing.

MISSION

The mission of the Department of Economics is to develop amongst students a clear understanding of regional, national, and international economic issues of  present and future, pushing forward the frontiers of knowledge.

To generate awareness on key environmental, socio-economic, and developmental needs of the society.

To create an open, supportive, and independent learning environment and assist the students in attainment of their career goals.

Programmes Offered

The Department of Economics offers the following undergraduate and postgraduate programs designed to develop analytical, research, and policy-oriented skills in the field of economics.

1. B.A. Economics
   
   
2. B.A. Economics (Honors)—Four-Year Undergraduate Programme (FYUGP) under NEP
   
   
3. M.A. Economics – One-Year Programme (NEP)
   
   
4. M.A. Economics – Two-Year Programme

Certificate Courses Offered:

The Department offers certificate courses in Dynamics of Event Management and Marketing Research through the institution’s centralized certificate course system, which is open to students across different programs. These courses are designed to enhance practical skills and provide interdisciplinary learning opportunities beyond the core academic curriculum.

Major Events Organised By The Department

Departmental Activities 2025-26:

The Department of Economics organizes a range of academic, co-curricular, and skill-oriented activities throughout the academic year to enhance students’ academic learning, research orientation, and practical exposure.

Academic and Departmental Activities:

1. Departmental Orientation Programme
   
   
2. Activity on World Population Day
   
   
3. Econosphere – Think, Analyze, Advise (Interactive academic session)
   
   
4. Seminar on Preparation for Competitive Examinations
   
   
5. Alumni Interaction Session

Workshops and Skill Development:

1. Workshop on Research Methodology
   
   
2. Session on Entrepreneurship Development / Start-up
   
   
3. Session on Leadership and Communication Skill Development

Industry Exposure and Field Learning:

1. Industrial Visits to DK Electro Mech Corp and Sanchi – Bhopal Sahakari Dugdh Sangh Maryadit to provide students with practical exposure to industrial and cooperative sector functioning.
2. Exposure visits to NABARD and Madhya Pradesh Vidhan Sabha help students understand institutional structures, financial institutions, and governance processes.

Special Academic Events:

1. Mock Budget Sansad
2. Union Budget Discussion Session
3. Departmental Club Activities
4. Artha Aaveg (Departmental academic event)

Publications and Outreach:

1. Release of the Departmental Magazine
2. Online Quiz on International Labour Day

Model United Nations (MUN):The Department organised Model United Nations(MUN)  to enhance students’ analytical thinking, diplomatic skills, and understanding of global economic and political issues.

Seminar and Student Exchange Program – St. Xavier's Autonomous  College, Kolkata:The Department organised a student exchange program and a seminar on India Vision 2047 in collaboration with St. Xavier’s Autonomous College, Kolkata, providing students with exposure to diverse academic environments and cultural experiences.

“Squid Games” by Erudomics: The erudomics club of the Department organised a gamified learning event titled “Squid Games” to promote economic thinking, decision-making, and teamwork through interactive activities.

These activities aim to strengthen students’ analytical thinking, policy awareness, research skills, and understanding of real-world economic institutions and processes.

Departmental Magazine:

Ecoknocks 2025-26 | The Global Carnival

The Department of Economics publishes its annual magazine, "Ecoknocks," which serves as a platform for students and faculty to express their academic ideas, research insights, and creative perspectives on contemporary economic issues. The 2025–26 edition is based on the theme “India: Adaptation, Resilience, and Reform,” highlighting emerging economic challenges, policy responses, and pathways for sustainable and inclusive development. The magazine encourages students to engage in research, critical analysis, and academic writing on national and global economic developments.

Arth Aaveg – The National Economics Fest:

Arth Aaveg is the annual national-level economics fest organized by the Department of Economics, Erudomics—The Erudite Economists Club. The fest provides a dynamic platform for students from various institutions to engage in discussions, competitions, and academic exchanges on contemporary economic issues. The 2025–26 edition was based on the theme “India: Adaptation, Resilience, and Reform" and featured events such as debates, quizzes, panel discussions, documentary making, and case study competitions aimed at fostering analytical thinking, policy awareness, and research-oriented learning among participants

Erudomics – The Erudite Economists Club

Erudomics, the Erudite Economists Club of the Bhopal School of Social Sciences (BSSS), is the student-led academic society of the Department of Economics. The club serves as a vibrant platform that encourages students to explore economic ideas beyond the classroom through interactive academic and co-curricular activities.

The club actively organizes seminars, discussions, competitions, and collaborative events that promote analytical thinking, leadership, teamwork, and research orientation among students. By providing opportunities for knowledge sharing, networking, and practical engagement with contemporary economic issues, Erudomics aims to nurture intellectually curious and socially responsible young economists while strengthening the academic culture of the Department.

Departmental MoUs and Academic Collaborations

The Department of Economics has established academic collaborations with reputed institutions and organizations to enhance students’ learning, research exposure, and practical understanding of economic and social issues. These Memorandums of Understanding (MoUs) facilitate knowledge exchange, joint academic activities, internships, research collaborations, and capacity-building initiatives.

The Department has MoUs with the following institutions and organizations:

1. Sacred Heart College, Kerala
2. MP Chronicle
3. Samarthan – Centre for Development Support
4. St. Xavier’s College (Autonomous), Kolkata

Through these collaborations, the Department promotes academic interaction, industry exposure, research opportunities, and interdisciplinary learning, thereby enriching students’ academic experience and strengthening institutional linkages in alignment with NAAC quality parameters.

Career Opportunities

Graduates and postgraduates from the Department of Economics can pursue diverse career paths in the following areas:

1. Banking and Financial Services – Banking, investment analysis, financial consulting, insurance, and stock markets.
2. Government and Public Services – Civil Services, Indian Economic Services, Indian Statistical Services, government departments, and policy institutions.
3. Corporate Sector – Business analysis, market research, corporate strategy, and economic consulting.
4. Research and Academia—Teaching, research institutions, think tanks, and higher studies such as PhDs.
5. Development Sector – NGOs, international organizations, and development agencies working on socio-economic issues.
6. Data Analytics and Policy Analysis – Roles as data analysts, policy analysts, and research associates.
7. Entrepreneurship and Start-ups – Opportunities to establish ventures in business, consulting, and financial services.