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Economics

Overview

The Department of Economics, Mount Carmel College established in 1948 is at the threshold of her 75th year along with the post-independent Economy and Institution, celebrating Platinum Jubilee offers both UG and PG programmes. The prime objective of the department is to give a sound foundation in economic theory and applications, which would enable the students to apply the knowledge to study real world economic problems. The Department aims to facilitate and equip students to be future agents of change in spaces of research, policy making, analysis, advisory, consultancy services and much more. The Department offers 6 combinations under BA non-NEP (HEP, HES, PEJ, PYES, PYEE, PES) and EMS under B.Sc. Under NEP, from 2021 onwards the Dept. offers Dual Discipline Honours Programme and under BA and BSc. and from 2022 we offer BA Economics Honours Programme.

Under Post Graduate Studies, the Department offers Masters in Economics and Public Policy from 2005 and 2016 respectively. The Department is also a recognised Research Centre under Bengaluru City University, offering Ph.D. programme. Apart from imparting academic knowledge the Department also actively engages in organizing discussions and talks by eminent experts in the most recent issues relating to the subject thereby encouraging the students to be well aware of the happenings around the world. The Department also encourages students to pursue higher education in the subject and helps them to build promising careers in India and abroad.

Vision

The vision of the department is to provide our students with a strong academic foundation in economic theory and encourage them to apply their knowledge to analyze economic issues and policies.

Mission

  • To be a Centre of Excellence by training students in economic applications.
  • To update knowledge and skills in information/communication technology for more effective teaching, learning, and research.
  • To promote vibrant economic and social science research.
  • To keep up with changes and improve course sequencing.
  • Enhance collaborations & Industry-Interface.
  • Involvement of students by providing opportunities for the development of leadership skills through activities/programs.

Inception

  • 2005-06 - Post Graduate Course in Economics
  • 2016-17 - Department - recognised as Research Centre - BU & BCU 2020-21
  • 2016-17 - Post Graduate Course in Public Policy
  • 2022-23 - Honours in Economics (single discipline) - under NEP

Head of the Department

Dr. S  Vijaya priya M.A., M.Phil., NET & SLET, Ph.D.
Associate Professor
Email : eco@mccblr.edu.in

Single Major Program

Dual Major Program

PG Program

Ph.D Program

2022 - 23

  • Launch of Discussion Forum, M.E.L.A. Mount Carmel Learners Economics Association.
  • Participatory Democracy Fellowship I in association with B.Pac done by MA Public Policy students.
  • Panel Discussion on ‘Rupee at 80’ organized by MELA and ARTHA, 6th September 2022.
  • Understanding safe and resilient Banking- a talk by Rama Subramanian Gandhi, ex RBI Deputy Governor, 27th October 2022.
  • ‘Sustainable development goals of UN and the decade of action’ by Mr. Abhimanyu Manimaran, UNDP, 12th January 2023.
  • Budget Analysis a panel discussion on 2nd February 2023.
  • Two Day National Conference on ‘Economy@75: Roadmap for India at 100’ in collaboration with the Indian Economic Association on February 16th and 17th, 2023.
  • Personal Income Tax- Understanding the Old & New regime by Mr. Anil Bharadwaj, 19th February 2023.
  • Brand Marketing- a guest talk by Rishi Mukherjee, 11th March 2023.
  • Discussion on GNH as part of International Day of Happiness by Ms. Shweta Sharma, 24th March 2023.

2021 - 22

  • Her Money Talks – a talk by Ms. Manisha on Financial planning, 28th August 2021.
  • Aeronomia - Intra collegiate event where the teams had to address an economic crisis , 14th September 2021.
  • A Talk on National Monetisation Pipe line – a group discussion , 13th October 2021.
  • ‘Covid induced Stagflation’- a guest lecture by Dr. . N.R. Banumurthy, VC Dr. B.R. Ambedkar School of Economics, Bengaluru.
  • Sharing their Placement Experience - a session by PG alumnae 11th November 2021.
  • Workshop on Introduction to SAS by Soumyajit Ghosh, 13th November 2021.
  • Career opportunities for PG Economics students by Dr. Anima Chowdhury, 16th November 2021.
  • Panchamrit and its implications CoP 26 – a talk by Shri Jhawahar IAS (retd) , 23rd November 2021.
  • Webinar on ‘ Insights of Union Budget 2022- 23’ by Dr. Charan Singh (CEO EGROW) , 3rd February 2022.

2020 - 21

  • “Covid 19: An Impact Assessment” a webinar hosted on 28th May, 2020.
  • Debate on ‘National Education Policy 2020 - Battle of Opinions’, 28th August 2020.
  • ‘Work-life with Even-Steven’ a webinar hosted on 13th January 2021.
  • ‘Innovations in the Indian Financial Markets & Investing through Capital Markets’ a webinar by Mr. Glenn Roger Carr, Finmark, 25th January 2021.
  • "Indian Economy through the lens of Union Budget 2021" with Dr. Rajat Verma and Dr. Sashi Sivramkrishna from NMIMS, 3rd February 2021.
  • ‘EDUCATE, Boost to Blossom’ a talk by Ankita Karmakar, counselling consultant, 8th February, 2021.
  • 2 day fest on ‘Pandemic changing the dynamics of International Relations.’ February, 2021.

2019 - 20

  • Union Budget Analysis, 23rd July 2019.
  • Career Counselling by IDP was organised on 8th August 2019.
  • 55th A.D Shroff Memorial Elocution Contest was organised by the association on 26th August 2019.
  • Department hosted a Two Day National Conference in collaboration with University of Agricultural Sciences, Bengaluru 0n - “Sustainable Agriculture – Challenges and Strategies”, on 2nd 3rd, December, 2019.

2018 - 19

  • To commemorate 70 years of the Department an intra-collegiate pick and speak competition and Eco Act- enactment of Macroeconomic issues event conducted, July 6th and 7th 2018.
  • Ideas for Transforming India-: A guest lecture by Mr. Jayesh Chakravarthi and Mr. Kshitij Urs,, August 27th 2018.
  • Launch of Pramartha, the Economics magazine commemorating 70 years of the Department, August 27th 2018.
  • International Conference on Public Policy Affairs hosted on 3rd and 4th September, 2018.
  • Business Analytics - a guest lecture by Professor Patrick, University of California, Riverside, September 17th, 2018.
  • A guest lecture on Behavioural Economics by Professor Shagatha Mukherjee, Meghnad Desai Academy of Economics, November 26th, 2018.
  • Department offers courses which builds strong theoretical foundation in Economics blended with skill based practical approach.
  • Highly competent well qualified faculty with strong teaching and research experience.
  • Recognized Research Centre with four Research Guides.
  • Strong Alumnae community which are setting benchmarks in areas ranging from Banking & Finance to Academics, Media and Data Science.
Sum

Dr. Suma Singh

M.A., PGD in Management & Marketing, Ph.D., NET.

Dean & Associate Professor

Vijaya-Priya-S

Dr. Vijaya Priya S

M.A., M.Phil., NET & SLET, Ph.D.

HOD & Associate Professor

Anjana

Dr. Anjana Mani

M.A., M.Phil., PG Diploma in Econometrics, MFM., Ph.D

Associate Professor

Kavyashree

Dr. K Kavyashree Kumar

M.A., NET, Ph.D.

Co-ordinator - M.A. & Associate Professor

S-Shanthi

Dr.Shanthi S

M.A., M.Phil., MBA., Ph.D.

Associate Professor

SunandaBV

Ms. Sunanda B V

M.A., M.Com., NET, PGDFM.

Assistant Professor

Tania

Ms. Tania Mukhejee

M.Sc., M.Phil., SLET.

Assistant Professor

shweta

Ms. Shweta Sharma

M.A., M.Phil., MBA., NET.

Assistant Professor

Roopa Adarsh

Dr. Roopa Adarsh

M.A., Ph.D.

Assistant Professor

Rajesh-Chandra

Dr. Rajesh Chandra

M.A., M.Phil., Ph.D., NET.

Assistant Professor

Lakshmi

Dr. C J Lakshmi

M.A., M.Phil., Ph.D., NET.

Assistant Professor

Nachammai

Ms. Nachammai L

M.A., UGC - NET, K- SET.

Assistant Professor

Dr. Meenakshi Kumari

M.A., B.Ed., UGC - NET, Ph.D.

Assistant Professor

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Placement Policy & Guidelines for Students

The Placement Policy is applicable to all students registered with the Placement Cell of Mount Carmel College, Autonomous, and is to be followed during their entire tenure at the college.

  1. The Placement Officer & the Placement Coordinator are the facilitators and counsellors for placement related activities and will be responsible for all concerned activities & functioning of the Placement Cell.
  2. The Student Placement Committee will be assisting the Placement Officer & the Placement Coordinator in all activities related to placements.
  3. Neither the College nor the Placement Cell guarantees a job. The Placement Cell will facilitate and coordinate the placement activities on campus including bringing in companies, coordinating the recruitment drives, organizing recruitment training and other related activities leading to the successful placements of the deserving students.
  4. Applying for a company, getting recruited, joining a company is entirely the responsibility/decision of the student concerned.
  5. Opting to register for placements is completely the choice of the students. As some would want to pursue higher studies or other opportunities, such students can refrain from registering with the Placement Cell.
  6. Students are required to check the ELIGIBILITY CRITERIA for registering with the Placement Cell before registering.
  7. All final year students with an aggregate score of 60% and above and with NO ACTIVE BACKLOGS are eligible to register for placements.
  8. All registered students are required to MANDATORILY attend the recruitment training conducted by the Placement Cell and meet the necessary threshold of 75% attendance and 80% completion of the practice tests & assessments to qualify for applying to the cos. Failing to qualify may result in re-training of the student at an additional cost which is to be borne at actuals by the concerned student.
  9. The Placement Cell will notify all the registered students about the upcoming recruitment drives through mails and Whatsapp group notifications and not individually. The students are to be alert and keep a track of the notifications and apply as per their interest and eligibility.
  10. Once a student registers/enrolls for a particular company, she is expected to complete the entire recruitment process as relevant and required. Failing to do so, will result in the student being debarred from sitting for further recruitment drives. Exceptions will be made at the sole discretion of the Placement Cell only in genuine cases. Such cases/reasons to be formally communicated to the Placement Office over mail at least one day prior to the drive.
  11. The student has a choice not to participate in the recruitment process of a company after attending the Pre-Placement Talk. If she decides to continue, then she will be bound by the College Placement Policy to attend the rest of the recruitment process of the company as stated above.
  12. Students will not be allowed to participate in the selection process of a company for which she has missed the PPT.
  13. While the Placement Cell will do its due diligence and bring in the right companies, it is the responsibility of every student to check the company profile, eligibility, Job Profile and the Job Role before applying. The same will also be mailed and/or updated on the Notice Boards or social media groups.
    a. Ex 1- If a company requires the applicant to have an average of 70%, be well assured that you meet the criteria before applying to that company.
    b. Ex 2- If the company requires you to have NO standing arrears/backlogs at the time of attending the placement process, kindly DO NOT APPLY to the company if you do not meet this criterion.
  14. If, after being selected by a company, for some reason the student is not satisfied either with the pay, the timings, work allotted, etc during onboarding, she will need to take it up with the concerned within the company. The Placement Cell will not be able to intervene in internal matters. However, it is important that the students reach out to us in case there are major deviations from the terms mentioned by the company at the time of recruitment.
  15. A student can apply to as many companies as she wants and appear for interviews until the first job is secured. A student will be considered to have secured a job if her name appears in the final select list of a company.
  16. The Placement Office of MCC follows a strict “ONE OFFER PER STUDENT” Policy. However, if a student has been offered a job with a CTC less than or equal to INR 2 lakhs PA, she can opt to apply for ONE more company, subject to prior formal approval by the Placement Office.
  17. Once a student’s name appears in the final selects of a company, it is obligatory for the student to accept the offer. Rejecting offers is strictly not allowed. Defaulters will be required to submit a letter to the Principal along with a penalty fee which could be equivalent to one month’s salary being offered by the said company.
  18. Recruitment Process: All companies generally follow the following procedure (however they could be exceptions) –
    a. Presentation about the company & Job Profile (Pre-Placement Talk)
    b. Written Exam (Aptitude / Technical Test)
    c. Group Discussion and/or Task (Assignments)
    d. Interview (Technical/HR/Others)
    e. Verification of Documents
    f. Offer Letter
  19. Students are to strictly ensure the following for all recruitment drives:
    a. Must report on time as mentioned in the schedules
    b. Wear Business Formals for every recruitment process. Students wearing casuals during recruitment process will be sent back
    c. Always carry one folder containing resumes (2-3 copies), passport size photos, copies of mark sheets, certificates & stationery
    d. Compulsorily carry College & Govt. ID Cards
  20. Most companies require applicants to have Govt. ID – Aadhar & PAN. Hence it is advised for all students to apply for these before registering for placements.
    Students are not allowed to contact the Company / HR team directly for any reason through the recruitment process. In case of any issues or concerns, they are advised to contact their Placement Office and discuss their problems.
  21. Strict action will be taken against students found to be engaged in maligning the College or the Placement Office with the companies. Any grievances you may have, are to be brought to the notice of the of the Placement Officer for resolution.
  22. If a student makes any false claims in the Resume/Student Registration Form, her registration will be cancelled immediately and job offer if any, will be revoked.
  23. All companies conduct a thorough background check/verification. If the company finds that you have manipulated your marks / documents in any manner/or mis-represented any information, your job offer will be terminated, and your name will be blacklisted.
  24. Strict discipline needs to be followed by every student during the recruitment process. Any sort of indecent behavior/misbehavior which affects the decorum of the Placement Cell or the reputation of the College or the Company, will attract severe penalty and disqualification.
  25. Unless explicitly permitted by the companies, use of mobile phones is strictly prohibited during the recruitment process.
  26. Malpractice in all forms or marking proxies during the selection process and beyond, is strictly prohibited and those caught indulging in such activities would be debarred from the placement process. Also, note that no concessions in any form shall be made in such cases.
  27. It may happen that the campus recruitment process can stretch till late evenings. Students are required and prepared to be available accordingly. In case of off-line drives, students are to inform their parents and should arrange their own transportation.
  28. In case of virtual (online) recruitment drives, it is the responsibility of the students to ensure they have the necessary equipment (laptop/PC with functional webcam and mic) and sufficient internet bandwidth for seamless conduction of the process.
  29. Students are required to provide correct email IDs and contact numbers at the time of registration. These will be used for all communication from the Placement Cell and the recruiting companies. The onus is on the students to ensure the contact details provided are correct and up to date.
  30. Students are advised to check their mails regularly as all communication related to placements will be sent through mails.
  31. It is mandatory that once you receive an Intent Letter/Offer Letter from the Company, a copy must be submitted to the Placement Office. Failing which, the end semester examination Hall Ticket/results will be withheld.
  32. All students registered for placements will be bounded by the Attendance Policy of the College. Any exception to the above is permitted only through formal approval of the Placement Office and the respective Department Heads.

WE EXPECT OUR STUDENTS TO BE PROFESSIONAL AND UPHOLD THE VALUES OF THE COLLEGE AT ALL TIMES.

For all matters not covered in the above policy, the Placement Office will use its discretion to take appropriate decisions as and when required.

The above guidelines are to ensure a smooth process in the best interest of our students and the participating companies.