Economics Department

Economics Department

View Syllabus

The Department of Economics was well established by 1913 and was fortunate to be blessed by the presence of C.N. Vakil, H.L. Dantwala and V.K.R.V Rao, who’s legacy continues to be an inspiration to the staff and students alike. In order to help our students to build proficiency in the subject we incorporate a variety of methods, which include; group presentations, critical analysis of newspaper and academic articles, quizzes, screening of films and documentaries, educational visits to RBI and NSE, guest lecture series by our student forum Arthiki to help students interact with experts from different fields namely Prof. Abhay Pethe (Academics), Niranjan Rajadhyaksha, Girish Kuber (Journalism) as well as notable alumni. The department also conducts remedial lectures to cater to the needs of all types of learners, provides academic support to prepare students for PG entrance tests and other competitive examinations as well as strives for the development of soft skills. The department had the privilege of inaugurating it’s first Economics Festival titled Festa Dell’economia in January, 2022 and seeks to continue it's implementation every year. We, the Department of Economics, take great pride in guiding our students through the alleys of Micro and Macro Economics, Growth Economics and integrating it all into the World Economy. Care is taken to provide perspective to the contributions made by various Economists in the Evolution of Economic Thought. Most importantly we guide students to equip themselves to deal with the research aptitude and mathematical rigor that the study of Economics necessitates, with Econometrics and Certificate courses in quantitative skills being offered as options.

Vision: To empower students with skills and knowledge to face the challenges of the fast -changing global economic scenario. To nurture confidence with a sense of personal worth in students in order to develop their capabilities and potentialities. To provide holistic and inclusive education for all.

Mission: To make leaning contemporary and relevant. To encourage students to achieve academic excellence. To train students in quantitative techniques for economic analysis. To train students to think critically on economic issues.


(Jointly conducted by the Departments of Economics and Physics)

Course Objectives:
1) To help students develop quantitative skills.
2) To train students in techniques used to analyze large amounts of data.
3) To build in students the capacity to use statistics for processing data.
4) To teach students modern computer-based tools for handling and manipulating data.
5) To prepare the students to step into a professional environment with tools to interpret outcomes from gathered information.

Course Outcomes: 1) Learners will be able to acquire knowledge on the use of spreadsheets and programming environments.
2) Learners will be able to organize data and describe basic statistical quantities.
3) Learners will be able to decide the success/failure of a process based on data obtained.
4) Learners will be able to understand correlation between outcomes on various parameters.

Target Group: Open for all with a minimum qualification of H.S.C. or equivalent exam passed.

Contents: Calculus – Functions, Derivatives, Integrations
Descriptive Statistics - Central tendencies and dispersion
Relational Statistics - Correlation and Regression
Inferential Statistics - Hypothesis Testing and ANOVA
Resource persons will be invited from University of Mumbai and various institutions in and around Mumbai.

Career opportunities in the field of Economics are vast and range from being a market research analyst, financial analyst, credit analyst, actuarial analyst, to joining banking and consultancy, teaching or working for NGOs, policy-oriented institutions (government & other international institutions) conducting R&D. Some examples of our well-placed Alumni are as follows;
1.Ms. Samita Shah (1990), VP Finance & Risk at Tata Steel.
2.Mr. Noumaan Qureshi (1999), Vice President, Healthcare Practice lead at Adfactors PR.
3.Dr. Khushboo Verma (2010), Assistant Professor at NMIMS.
4.Dr. Bhavesh Salunkhe (2011), Fellow, Mumbai School of Economics and Public Policy (MSEPP).
5.Mr. Melvin Vedamuthu (2012), J. P. Morgan Business Analyst (Board of Studies Member 2022-2023)
6.Ms. Ridhima Bhatnagar (2017), Swiss Re Catastrophe Model Analyst.
7.Ms. Felicia Macwan (2018), Human Resource Associate/ Analyst at Infosys.


Lorraine Ramos Vaz

In Charge Head of Department

Teaching Career : June 2016
Qualifications: B.A., B.Ed., M.A., NET, SET, Pursuing Ph.D.
Research Interest: International Economics, Public Economics, Econometrics, Development Economics & Behavioural Economics.
Short Biography: I am a committed teacher who strives to make the subject of Economics interesting for my students by encouraging them to understand, analyze and think critically on economic topics and issues. Through my teaching techniques, I provide opportunities for my students to extend their learning beyond the classroom so that they are able to apply their theoretical knowledge to real life situations. As a mentor to my students, I aim to teach them the importance of values and ensure that they grow into good human beings.

Associate Professor

Sunit Das

Teaching Career :   June 2019
Qualifications: M.A. (Economics), MH-SET (Economics)
Research Interest: Macroeconomics, Development Economics, Environmental Economics and Econometrics
Short Biography: Teaching is one of the noble profession. I have been trying to bridge the gap between theoretical concepts and real world examples since the time I have joined this profession. As a teacher of economics, my main objective is to break the myth that economics is more of complicated theories. Rather it's level of understanding would help students in economic decision making - right from individual decision making to being a policy maker at a macroeconomic level. Being a lecturer, my approach is to teach students in a calibrated way by making them engaged in economic problem solving along the lines of theoretical concepts and take students through appropriate transition in the study of economics. I appreciate dynamic understanding of the economic system at the apex level and would like to encourage students to explore their area of interest by taking up research work in in economics. 

Assistant Professor