Dr. Payal Jain is the Administration and Discipline Head at the Graduate School of Business. With degrees in B.Com, M.Com, MA Economics and PhD in Commerce, she is an accomplished teacher with over eight years of teaching experience. She has taught both undergraduate, postgraduate and high school level classes in Commerce subjects. Dr. Jain has published over 18 papers in peer reviewed journals.

Graduate School of Business

What is the latest program that you are offering in your institute/dept. which will help students outperform and stand apart from the crowd?

A Bachelor of Arts (BA) in Economics program is of significant importance due to its capacity to equip students with a robust foundation in economic principles and analytical skills that are highly sought after in various industries and sectors. The program delves into the fundamental principles of economics, including concepts like supply and demand, market structures, elasticity, and consumer behavior. This knowledge is crucial for comprehending how economic systems work, which is essential for making informed decisions in business, government, and everyday life. Economics programs emphasize analytical thinking and problem-solving. Students learn to collect and analyze data, interpret economic trends, and make predictions based on economic models. These skills are invaluable in decision-making processes across numerous fields.

What are the factors that make this program the best for the students to opt? 

Students in a BA Economics program gain a deep understanding of fundamental economic concepts such as supply and demand, market structures, production, consumption, and pricing. This knowledge enables them to analyze economic situations and make informed decisions based on economic factors. Students in a BA Economics program learn about the foundational concept of supply and demand. They understand how the interaction between supply (the quantity of a good or service producers are willing to provide) and demand (the quantity consumers are willing to purchase) determines prices and quantities in a market. This knowledge allows students to comprehend the dynamics of price changes, shortages, surpluses, and market equilibrium.

What are the best practices in the course you’re offering?

Economics involves critical thinking and problem-solving skills. BA Economics students develop the ability to gather and analyze data, evaluate options, and make rational decisions. This skill set is highly valuable in both business and public policy contexts. Economics students are trained to collect, interpret, and analyze data. They learn to use statistical tools and econometric techniques to draw meaningful conclusions from complex data sets. This skill is essential for making evidence-based decisions in various contexts, as data-driven insights are highly valued in both business and public policy. Economics programs foster critical thinking by encouraging students to question assumptions, consider various perspectives, and challenge established economic theories. Students learn to identify biases and logical fallacies in arguments, which helps them make more informed and objective decisions.

What are some valuable insights of the program that you are offering at your institute/dept.?

BA Economics students gain insights into the dynamics of these markets and the factors that drive economic growth, inflation, and employment. Such knowledge is crucial for businesses operating in the global economy. Economics is a quantitative discipline, and students in BA Economics programs learn to use mathematical and statistical tools to analyze economic data. This strengthens their analytical and problem-solving abilities, which are important in many professional settings.

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How does the program ensure that students are being prepared for the future?

A BA Economics degree can open doors to a wide range of career opportunities and provide a solid foundation for further education. Economics graduates often find themselves in high-demand fields, such as finance, consulting, data analysis, and research. Economics graduates are highly sought after in the finance industry. Their understanding of economic principles, financial markets, and data analysis makes them well-suited for roles such as financial analysts, investment bankers, portfolio managers, and risk analysts. They can work in banking institutions, investment firms, and financial consulting companies. Consulting firms value the analytical and problem-solving skills of economics graduates. They often work on projects related to market research, strategy development, and business optimization. Economics graduates can excel in management consulting, strategy consulting, economic consulting, and various other consulting roles.

How did you train yourself/faculty to deliver this program to the students?

Faculty members create syllabi, lesson plans, and teaching materials for the courses they will be teaching. They incorporate a variety of teaching methods, such as lectures, discussions, group projects, and practical assignments, to engage students and facilitate learning. Faculty members begin by defining clear and measurable course objectives. These objectives outline what students are expected to learn by the end of the course. They create a detailed course outline, breaking down the content into topics or modules, along with corresponding learning objectives. Faculty select textbooks, articles, and other reading materials that align with the course content and objectives. Faculty organize the course content logically, ensuring that each lesson builds upon the previous one. They plan various learning activities, such as lectures, discussions, case studies, and hands-on exercises, to engage students and reinforce key concepts. Depending on the subject and resources available, they may incorporate technology tools, multimedia presentations, and online resources to enhance the learning experience. Faculty create lecture notes or presentations that provide a structured overview of the content. These may include visuals, graphs, and real-world examples. They gather supplementary materials such as articles, videos, case studies, and simulations to enrich the learning experience and provide diverse perspectives.

How do you tend to build an industry connect with this program?

B.A. Economics is a degree that equips students with concepts related to markets, finance, banking, principles of business, money, and our economy’s working. Under these areas we cover topics like demand, supply, production, history of India, national income, economy, inflow and outflow of capital, international economics, operations of loans, rise and fall of prices in the market, inflation and deflation of currency, GDP and statistics. Students learn about market structures, including perfect competition, monopolistic competition, oligopoly, and monopoly. They understand how these structures impact pricing, competition, and market behavior. Concepts of supply and demand are explored in-depth, allowing students to comprehend the dynamics of pricing, shortages, surpluses, and equilibrium in various markets. Economics programs introduce students to the world of finance and banking. They learn about financial institutions, monetary policy, and central banking. Students gain insights into financial markets, including the stock market, bond market, and foreign exchange market, as well as the role of banks in the economy. Economics students explore key principles of business, including cost-benefit analysis, pricing strategies, risk management, and decision-making in the business world. They develop an understanding of how businesses operate and make strategic choices to maximize profit and efficiency.

What are the benefits and career options after pursuing this course?

BA Economics syllabus may serve as the foundation for many respectable occupations because of its adaptability and the wide range of areas it can be applied. Student's knowledge of economics will improve their understanding of money, markets, and resource management.