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The Department of Economics at St. Paul’s Cathedral Mission College (affiliated to University of Calcutta) teaches the syllabus designed by the University of Calcutta. The new syllabus, introduced by the University in 2023, offers an introductory treatment of economic theory with some discussion of policy applications and economic institutions. The courses has been designed to develop and sharpen skills of analysis, logical reasoning, interpretation and understanding of various economic issues in our everyday lives.
Why should a student study “Economics”?
Economics helps in the understanding of the relationship between people and the various problems they face in the market, especially those related to monetary transactions and investments. Economics is a social science that deals with human behavior. In the words of the renowned economist Alfred Marshal : ” Economics is a study of mankind in the ordinary business of life”, it helps us to understand the basic economic problems faced by consumers, how businesses make economic decisions, ways people invest money to save for the future and how economic policy affects the individual, nation and the world.
An Economics graduate with a background in Statistics and Mathematics has a diverse range of job opportunities available. The combination of economics, statistics, and mathematics skills can be highly valuable in various industries. Here are some areas where such graduates can find job opportunities:
1. Data Analysis and Research: With strong statistical and mathematical skills, economics graduates can excel in data analysis and research roles. They can work as data analysts, research analysts, or market researchers, using statistical techniques to analyze data, draw insights, and make informed decisions.
2. Econometrics: Econometrics is the application of statistical methods to economic data. Economics graduates with a background in statistics and mathematics can pursue careers in econometrics, where they analyze economic data, build econometric models, and estimate economic relationships.
3. Financial Analysis and Risk Management: Economics graduates with a strong statistical and mathematical foundation can work in the financial sector as financial analysts, risk analysts, or quantitative analysts. They can apply statistical models and mathematical techniques to analyze financial data, assess risk, and make investment decisions.
4. Actuarial Science: Actuarial science combines economics, statistics, and mathematics to assess and manage financial risks. Economics graduates with a background in statistics and mathematics can pursue careers as actuaries, working in insurance companies, consulting firms, or financial institutions to analyze data, calculate risks, and determine insurance premiums.
5. Quantitative Finance: Economics graduates with strong mathematical and statistical skills can find opportunities in quantitative finance. They can work as quantitative analysts, financial engineers, or quantitative traders, using mathematical and statistical models to analyze financial markets, develop trading strategies, and manage investment portfolios.
6. Policy Analysis and Government: Economics graduates with a strong background in statistics and mathematics can work in government agencies, think tanks, or research institutions in roles related to policy analysis. They can contribute to the development and evaluation of economic policies, conduct economic research, and provide data-driven insights to policymakers.
7. Consulting: Consulting firms often seek economists with strong quantitative skills to provide analytical support and insights to clients. Economics graduates with a background in statistics and mathematics can work as economic consultants, providing expertise in data analysis, forecasting, and decision-making.
8. Academic and Teaching: With a combination of economics, statistics, and mathematics, graduates can pursue careers in academia as professors, researchers, or teaching assistants. They can contribute to research in various economic fields and teach courses in economics, statistics, or econometrics.
The study of Economics involves constructions of theories built on logical reasoning and verification of these theories based on observation of economic phenomena and analysis of data. The syllabus covers both the theoretical and applied aspects. Simple statistical and mathematical techniques needed for economic analysis are also taught within this course. Students will also have an opportunity to get a first–hand experience of economic application when they carry out a project on some contemporary issue in the final year. This will help them to gain useful insights into the real challenges facing India and the world today. We believe that students who will take up the Economic Honours course will find it both fascinating and rewarding.
Here are some Capacity Building strategies that Department of Economics, St. Paul's C. M. College follows to benefit our students:
Faculty Development:
Curriculum Development:
Student Learning:
Departmental Resources:
Collaboration with UGC-NAAC:
Moreover…
Teaching:
Research and Scholarship:
Departmental Activities:
Student Support:
Additional Considerations:
This list provides a general overview, and the specific activities may vary depending on individual faculty workload, research interests, and departmental needs. Some professors might also be involved in administrative duties within the college or university. We focus on maintaining a balance between teaching responsibilities, research pursuits, and departmental contributions. We do believe that collaboration among all four professors is crucial for the smooth functioning of the department and the benefit of students.
Our team from St. Paul’s Cathedral Mission College comprising of Aritra Kundu, from 4th semester and Dipayan Samanta, from 2nd semester of the Economics department have managed to secure the first position in the event ‘Wrangle-o-nomics’ and have been adjudged the best team in the competition. We are proud of our students.
Our Department of Economics has a special list of alumni which is quite impressive.
A few among them are:
Prof. Krishnendu Bhattacharya, Dept. of Economics, Prafulla Chandra College
Dr. Shanty Chakraborty, Economic Adviser, Govt. of Botswana
Prof. Raj Kumar Sen, Rabindra Bharati University
Prof Shankar Ghosh, Hooghly Polytechnic College
Prof. Arun Sengupta, ISI
Prof. Mrinal Dasgupta
Bimalendu Giri, Research Institute, U.K.
Dr. Debes Bhattacharya, University of Sydney
Prof. Kalyan Chakraborty
Prof Ramen Bhattacharya, Manindra Chandra College
Prof. Kamalakanta Sain, Bidhan Chandra Krishi ViswaVidyalaya, Kalyani
Asit Bhattacharya, IFS
Prof. Narayan Saha
Prof Srijit Chowdhury, Vidyasagar College for Women. Kolkata
Prof. Pranab Das
Amit Deb, WBCS
Dipak Paul, WBCS
Kallol Roy, WBCS
Shibabrata Chatterjee, Advocate.
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Here's a list of facilities:
For Faculty Members:
For Students:
By providing these facilities, Department of Economics, St. Paul's C. M. College creates an enriching academic environment that supports the growth and success of both faculty members and students.
