About the Department
The Department of Business Economics is well equipped with highly qualified teaching faculty to impart knowledge in Business Economics in current day scenario. Business Economics is a compulsory subject in the three-year B.Com program of the University of Mumbai. It is also a mandatory course for M.Com students in Accountancy, Business Management and Banking and Finance.
In-depth knowledge of Economics is essential in every field for sustainable progress. The curriculum gives an understanding of core economic theory as well as concrete tools for analysis and its application to solve the problems faced in the real world. It gives a strong foundation in the principles of Microeconomics and Macroeconomics, Public Finance, developmental issues of the Indian economy and International Economics. The subject is particularly helpful in preparing students for a broad range of career options including academia, banking, corporate world and government administration.
Besides Business Economics, the faculty also engages lectures in Foundation Course at the first year level. This course aims at creating awareness of socio-economic issues faced in India’s pluralistic society among students. The course provides ample scope for student interaction, encouraging them to discuss and express their views on various issues and suggest solutions. Evaluation of projects given to students on current issues is a mandatory component of their evaluation in the subject.
The Department seeks to strike an optimum balance between academic and co-curricular activities to promote overall personality development of the students along with academic progress. In pursuance of this objective, the Planning Forum which is affiliated to the Department organizes various activities which include conferences, symposia, elocution competition, economic quiz and crossword puzzles, industrial visits and guest lectures by experts in various fields and leadership training programs.
The Department has a recognized Centre for Ph.D. in Business Economics and Dr. Usha Iyer is a recognized guide of the University of Mumbai. There are three full-time doctorate faculties contributing to academics and research, committed to excellence in teaching and overall development of students.
Dr. Usha S. Iyer
Principal and Head,
Department of Business Economics
Objectives
- To impart sound knowledge of the concepts and principles of Economics that helps in better understanding of how markets function and influence the decisions of individuals, both as consumers and producers
- To teach quantitative and qualitative applications in economic theories in real life situations
- To enable students to obtain theoretical and practical knowledge for applying the tools of Economics in various fields of governance and policy formulation
Pedagogical Skills
- Workshops for students
- Quiz and elocution competitions for students
- Case study based learning
- Seminars and conferences inviting academia and industry experts
- Industrial visits
- Choice based credit courses
Highlights
- National symposium on ‘Demonetization: Rationale, Costs and Benefits and Future for India’ in collaboration with Alkesh Dinesh Modi Institute for Financial and Management Studies, University of Mumbai on April 26, 2017.
- International Multi-disciplinary Conference on ‘Climate Change, Environment and Sustainable Development in a Global Economy’ in collaboration with Alkesh Dinesh Modi Institute for Financial and Management Studies, University of Mumbai on April 21, 2018.
- Leadership Training Program organized by Planning Forum of the Department in association with the Forum of Free Enterprise and M.R.Pai Foundation for Degree College students from June 16-18, 2020.
- International Workshop on Research Methodology for Social Sciences in collaboration with International Institute for Population Sciences (I.I.P.S.), Deonar organized from 5-9 October, 2021
SWOC Analysis
Strengths:
- Highly qualified and competent faculty with enriched academic and research experience
- Pedagogical skill of staff adopting innovative methods of teaching
- Training programs in life skills such as leadership training programs through Planning Forum
- Co-curricular activities for experiential learning
- Industrial visits for practical exposure
- Recognized Centre for Ph. D. in Business Economics.
Weakness:
- Time constraint in completion of syllabus prescribed by the University
- Shortage of staff for examination-related work
- Difficulty in giving personal attention to students in class due to unfavourable student-teacher ratio
Opportunities:
- Knowledge of the subject enhances employability potential of the students
- The course provides a strong foundation for programs in Commerce and Management for which there is growing demand
- Organize career-oriented seminars and workshops as the subject has wide scope.
- Conduct research surveys and projects on various socio-economic issues
- Opportunities for personality development of the students through orientation of the subject
Challenges:
- Being a core subject for all disciplines, training for competitive exams is necessary for which students need to be persuaded
- To motivate students to update themselves with current issues in the subject to prepare them for governance in various fields.
Faculty
Contribution to University
Principal Dr. Usha Iyer
- Member, Board of Examination and Evaluation, University of Mumbai.
- Represented the University as a Convenor/Member of Local Inquiry Committee/Expert Committee to visit colleges for new courses/divisions.
- Recognized Ph.D. Guide of the University.
- VC Nominee as subject expert for holding Interviews for selection of teachers.
Dr. Aarti Prasad
- Member of the Senate, University of Mumbai.
- Represented the University as a Member of Local Inquiry Committee/Expert Committee to visit colleges for new courses/divisions.
- Recognized PG Teacher of the University.
- VC Nominee as subject expert for holding Interviews for selection of teachers.
| Department of Business Economics – Research papers published in Journals | ||||||||
| Sr. No. | Title of Paper | Name of the author/s | Department of the teacher | Name of the journal | Year of Publication | ISSN number | Volume | Link to the recognition in UGC enlistment of the Journal/UGC CARE LISTED |
| 1. | Research Paper entitled, ‘Global warming: Climate Change and Environment’ PP13-19 |
Dr. Usha Iyer | Department of Business Economics | International Multi-disciplinary Refereed, U.G.C. approved Journal Naveen Shodh Sansar, Neemuch, M.P.458441 |
April 2018 | ISSN 2320-8767, E-ISSN 2394-3793 | Vol. I | UGC Journal No. 64728 Impact factor 5.110 |
| 2. | COVID-19: Impact on Elderly in Mumbai | Dr.Aarti Prasad | Department of Business Economics | Sambhashan : A Free Open Access Peer-Reviewed Bilingual Interdisciplinary Journal of the University of Mumbai | May 2020 | Nil | Vol 1, Issue 1 | No |
| 3. | The Elderly in Mumbai under COVID-19 Lockdown | Dr.Aarti Prasad | Department of Business Economics | The Urban World- Quarterly Publication | Oct- Dec 2020 | ISSN 2349- 0241 | Vol.13.No.4 | No |
| 4. | Job Satisfaction among College Teachers in Mumbai | Dr. Aarti Prasad | Department of Business Economics | Podar Prabodhan | 2016 | 2454-6739 | Vol.4, 2016 | NO |
Miscellaneous:
1. ‘Finding Peace’ (Poems) by Dr. Aarti Prasad in ‘Peace through Poetry’: Anthology of Poetry: An Ethnographic Journey into Peace published by University of Mumbai Mahatma Gandhi Peace Center & NSS PG B- 60 Unit, September 21, 2021, pp 57.
Research Paper Publications: Dr Sanghamitra Mishra
| S.No. | Title of the paper | Details of the journal/ book |
National / International |
| 1 | Impact of Demonetization on Middle Class – An Analytical Study |
‘Digitalization: A Vehicle of the New Age Transformation’, Page no-104-109, March 25, 2017, 2231-1475
|
Proceedings of National Conference – |
Research Projects Completed:
| Title of the project | Funding agency | Amount sanctioned | Year for which amount was sanctioned |
| Inclusive Education: A Study on Empowerment of differently abled children in selected slums of Bhubaneswar |
The University of Mumbai
|
Rs. 25, 000/- | 2016-17 |
| Department of Business Economics – Books Published | |||||||
| Sr. No. | Name of the teacher | Title of the book | National / International | Year of publication |
ISBN/ISSN number of the proceeding | Affiliating Institute at the time of publication | Name of the publisher |
| 1. | Dr. Usha Iyer | Sole Author Health Services to Women : An Economic Perspective | International | April 2012 | April 2012 ISBN No. 978-3-8484-0740-8 |
K.J.Somaiya College of Science & Commerce, VidyaVihar, Affiliated to the University of Mumbai | International Publication – Lambert Academic Publishing, Saarbruken, Germany |
| 2. | Dr. Usha Iyer | Co-editor Climate Change, Environment and Sustainable Development in a Global Economy | International | April 2018 | Volume 1 ISSN 2320-8767, E-ISSN 2394-3793 UGC Journal No. 64728 Impact factor 5.110 |
SIWS College Wadala, Mumbai 400031 | Naveen ShodhSansar An International Multidisciplinary Journal (UGC Approved Journal ) |
| 3. | Dr. Usha Iyer | Sole Author A Text Book in Business Economics-I F.Y.B.Com. Semester I & II |
National | 2016 | 978-81-932255-0-9 | S.I.W.S. College | Aishwarya Publications |
| 4. | Dr. Usha Iyer | Sole Author A Text Book in Business Economics-II S.Y.B.Com. Semester III & IV |
National | 2016 | 978-81-932255-1-6 | S.I.W.S. College | Aishwarya Publications |
| 5. | Dr. Usha Iyer | Sole Author A Text Book in Business Economics-III T.Y.B.Com. Semester V&VI |
National | 2016 | 978-81-932255-2-3 | S.I.W.S. College | Aishwarya Publications |
| 6. | Dr. Usha Iyer | Sole Author A Text Book in Economics S.Y.J.C |
National | 2016 | 978-81-932255-3-0 | S.I.W.S. College | Aishwarya Publications |
| 7. | Dr. Usha Iyer | Sole Author A Text Book in Economics F.Y.J.C. |
National | 2016 | 978-81-932255-4-7 | S.I.W.S. College | Aishwarya Publications |
| 8. | Dr. Usha Iyer | Sole Author A Text Book in Indian Economic Problems T.Y.B.Com. |
National | 2016 | 978-93-85818-45-5 | S.I.W.S. College | Aishwarya Publications |
| 9. | Dr. Usha Iyer | Sole Author A Text Book in Development Issues of Indian Economy T.Y.B.Com. |
National | 2016 | 978-93-85818-46-2 | S.I.W.S. College | Aishwarya Publications |
| 10. | Dr. Usha Iyer | Sole Author A Text Book in Managerial Economics-I F.Y.B.M.S. |
National | 2016 | 978-93-85818-47-9 | S.I.W.S. College | Aishwarya Publications |
| 11. | Dr. Usha Iyer | Sole Author A Text Book in Managerial Economics-II S.Y.B.M.S. |
National | 2016 | 978-93-85818-48-6 | S.I.W.S. College | Aishwarya Publications |
| 12. | Dr. Usha Iyer | Sole Author A Text Book in Micro Economics F.Y.B.A.F. |
National | 2016 | 978-93-85818-50-9 | S.I.W.S. College | Aishwarya Publications |
| 13. | Dr. Usha Iyer | Sole Author A Text Book in Macro Economics S.Y.B.A.F. |
National | 2016 | 978-93-85818-51-6 | S.I.W.S. College | Aishwarya Publications |
| 14. | Dr. Usha Iyer | Sole Author A Text Book in Indian Economy T.Y.B.A.F. |
National | 2016 | 978-93-85818-52-3 | S.I.W.S. College | Aishwarya Publications |
| 15. | Dr. Usha Iyer | Sole Author A Text Book in Micro-Economics F.Y.B.B.I. Semester I |
National | 2016 | 978-93-85818-53-0 | S.I.W.S. College | Aishwarya Publications |
| 16. | Dr. Usha Iyer | Sole Author A Text Book in Macro-Economics F.Y. B.B.I. Semester II |
National | 2016 | 978-93-85818-54-7 | S.I.W.S. College | Aishwarya Publications |
| 17. | Dr. Aarti Prasad | Sole Author Who Cares? Socio-economic conditions of Nurses in Mumbai |
National | 2015 | 978-93-5142-907-4 | S.I.W.S. College | Himalaya Publishing House, Mumbai |
- International Award : Adding one more feather to the cap of SIWS, Principal Dr.
Usha Iyer received ASIA – GCC Dynamic Principal Award for Excellence &
Leadership in Education presented by FAMA – Global Management Services
on 4 th December, 2021. - State Award: Received the Best Author award for her academic contribution by
way of text books at a function held on September 9, 2018 at King George
Auditorium, Dadar East, Mumbai, organized by Maharshtra Class Owners’
Association, Regn. No. Mah/ Mum/316/2002. Mr. Manohar Joshi, Ex-Chief
Minister of Maharashtra State was the Chief Guest for the function. - Received an award and recognition on behalf of the college from the collector for
contributing towards Armed Forces Flag Day Fund in a grand event conducted by
Kendriya Sainik Board Secretariat, Department of Ex-serviceman welfare, Ministry
of Defence, Government of India, on 15 th February, 2018.
Membership in Professional Bodies an National Level
- Dr. Usha Iyer is a Life Member of Indian Association of Social
Sciences and Health (IASSH), A Chapter of the Asia Pacific Network
(APNET) Registration No. 218/2006 AP (www.iassh.org) - She is also a Life Member of Indian Economic Association, New Delhi
and - Life Member of Asian Society of Disaster Management Professionals,
New Delhi
Activities
- Activities 2022-23
- National Symposium on Demonetization
- Workshop on “Career Guidance and Employability Skills”
- Webinar on 'Career Counseling after Graduation'
- Crossword Puzzle
- Quiz Competition
- Eco-Talks
- International Multi-disciplinary Conference on Climate Change
- Talk on ‘Introduction to the Stock Market’
- Webinar on Lockdown Not Knockdown
- Webinar on Personal Financial Planning
- Webinar on Investors Awareness Program
- Entrepreneurial Development Program
- Webinar on ‘Importance of Life Insurance & Financial Planning in the current COVID-19 scenario’
- International Workshop on Research Methodology for Social Sciences
- Elocution Competition
Meeting conducted by Dr. Aarti Prasad, Head, Department of Business Economics on 6th August, 2022 to explain the 17 Sustainable Development Goals
I/C Prinipal Dr. Sunita Shirvalkar, Dr. aarti Prasad and Dr. Swapnesh Rangnekar welcome students for participating in the competition on Sustainable Development Goals on 8th August, 2022
Students present their talent and art in exhibition of theme of their choice regarding SDGs
Dr. Atul Deshpande from Department of Chemistry and Mrs.Pratima Tiwari from Junior College judge the posters on 12th August, 2022
National Symposium on ‘Demonetization: Rationale, Costs and Benefits and Future for India’ organized by the Department of Business Economics in collaboration with Alkesh Dinesh Mody Institute for Financial and Management Studies, University of Mumbai organized on 26th April, 2017.
Dr. Ajit Ranade, Chief Economist, Aditya Birla Group delivering the inaugural address at the National Symposium on Demonetization on 26th April, 2017
Dr. Brinda Jagirdar, Chief Economist, SBI, expressing her views on Demonetization at the National Symposium on 26th April, 2017
Hon. General Secretary Dr. K. M. Venkatesh addressing the gathering at the National Symposium on Demonetization on 26th April, 2017
Dr. Barendra Bhoi, ex-President, Monetary Management, Unit of RBI expressing his views on Demonetization on 26th April, 2017
Flyer for the workshop on “Career Guidance and Employability Skills” ‘ held on April 12 , 2021
The resource person, Dr Atul Rawal was from The Garware Institute of Career Education and Development
Glimpses from the presentation of Dr. Atul Rawal
Flyer for the Webinar on ‘Career counseling after Graduation’ held on March 25, 2021
The resource person, Mr. Murugan Esakki from Garware Institute of Career Education and Development, Principal Dr. Usha Iyer, Vice Principal CA Vaibhav Banjan and others during the Webinar on “Career Counselling after graduation” on March 25, 2021
Crossword Puzzle Competition organised on 18th January,2020
Crossword Puzzle Competition organised on
18th January,2020
Economics Quiz Competition organised by Department of Economics on 31th July 2019
A talk on ‘Turmoil in Emerging Markets’ Currencies and the Indian Rupee and Why IT Companies are hiring Economists’ on February 12, 2019
Dr. Indradeep Ghosh, Dean of Meghnad Desai Academy of Economics as guest speaker on February 12 ,2019.
Interactive session on February 12, 2019
Participation of teachers and students on the talk on February 12, 2019
Guest of Honour Dr. Ram Boojh, Program Specialist, Natural Sciences, UNESCO, New-Delhi lights the lamp and inaugurates the International Conference on 21st April, 2018
Banner of the International Multidisciplinary Conference on ‘Climate Change, Environment and Sustainable Development in a Global Economy’ held on 21st April, 2018
Dr. V. Rangaraj, Chairman, S. I. W. S. managing committee, during inauguration of International conference in the presence of Principal Dr. Usha S. Iyer, Chief Guest Dr. Priyadarshini Karve, Guest of Honour Dr. Ram Boojh and Col. Shashikant Dalvi
Guest of Honour Dr. Ram Boojh, Program Specialist, Natural Sciences, UNESCO, New-Delhi presents his views on the topic of climate change
Release of souvenir of the International Multidisciplinary Conference on Climate Change, Environment and Sustainable Development in a Global Economy by the delegates
Principal Dr. Usha S. Iyer, Chairperson of the International Multidisciplinary conference presenting the theme of the conference
Dr. Nandini Deshmukh, District Manager, Mumbai, Climate Reality Project, India during her speech
Retired Conl. Shashikant Dalvi, District Manager, Pune, Climate Reality Project, India delivering his speech
Shri. Ayyappan Iyer, Vice Principal, Self-Financed courses, S.I.W.S. College presenting his research paper
Principal Dr. Usha S. Iyer, presents her research work during the International Conference
Dr. Smita Shukla, I/C Director, Alkesh Dinesh Mody Institute, the University of Mumbai presenting her views about the theme of the international conference
Dr. Ajit Ranade, Founder and Leader of Natural Solutions speaking about sustainable development solutions to environmental problems in India
Shri Stalin Dayanand, Director of Projects, Vanashakti (NGO) talking about significance of biodiversity hotspots and wildlife
Chairperson of Conference Principal Dr. Usha S. Iyer welcoming Chief Guest Shri. Chakrapani Vasudevan, Head, Investors Protection Fund, BSE for the international multidisciplinary conference
Chief Guest Shri. Chakrapani Vasudevan, Head, Investors Protection Fund, BSE delivering his speech at the international multidisciplinary conference
Convenor of Conference Shri. Ayyappan Iyer, Vice Principal, Self-financing courses, S.I.W.S. College congratulated by Chief Guest Shri. Chakrapani Vasudevan
Co-convenor of Conference Mrs. Neeta Khanolkar, Vice Principal, Science, S.I.W.S. College congratulated by Chief Guest Shri. Chakrapani Vasudevan
Co-convenor of Conference CA Vaibhav Banjan, Vice Principal, Commerce and I.Q.A.C. Coordinator, S.I.W.S. College congratulated by Chief Guest Shri. Chakrapani Vasudevan
Co-convenor Smt. Radha Iyer, Alkesh Dinesh Mody Institute of Management Studies, University of Mumbai congratulated by Chief Guest Shri. Chakrapani Vasudevan
Principal Dr. Usha Iyer, express her opinion regarding the conference during Valedictory session
Teacher and student participants for the conference
Principal, Dr Usha Iyer welcomes the resource person, Mr. Veeraraghavan Viswanathan (manager) Motilal Oswal Finance Services Ltd on February 13, 2020 for delivering his talk on “Introduction to the Stock Market”
The resource person, Mr. Veeraraghavan Viswanathan delivering his talk on “Introduction to the Stock Market”
Welcome address for the webinar on “Introduction to the Stock Market” by Dr. Aarti Prasad, Convenor, Department of Economics
Mr. Veeraraghavan Viswanathan giving an insightful presentation on working knowledge of stock market during the webinar on “Introduction to the Stock Market”
Resource persons of the Webinar on Lockdown Not Knockdown held on 26 May,2020
Resource person explaining importance of mental health by showing a video
Dr. Satishchandra Kumar Explaining about the concept of resilience
Webinar on Personal Financial Planning organized on 16th July, 2021
Speaker Dr. Nitin Tejkumar Tanted delivering talk on financial planning on 16th July, 2021
Reward Matrix was explained by the speaker
Webinar on Personal Financial Planning organized on 16th July, 2021
Speaker Dr. Nitin Tejkumar Tanted delivering talk on financial planning on 16th July, 2021
Reward Matrix was explained by the speaker
Resource person Jigar Jivani explaining about the concept of Unmet need
Resource person Jigar Jivani explaining about the vision of an entrepreneur
Resource person Dr. Vilasini Patkar discussing on Business Ethics
Resource person Mr. Swarup Pandya explaining participants on technique proposal writing for a start-up
Webinar on ‘Importance of Life Insurance & Financial Planning in the current COVID-19 scenario’ organized on 13th June, 2020
Resource person Mr. Nikhil Shirgaonkar delivering his lecture on ‘Importance of Life Insurance and Financial Planning in the current COVID-19
Principal Dr. Usha Iyer addresses the crowd regarding the importance of life insurance and financial planning
Resource person Mr. Swarup Pandya explaining participants on technique proposal writing for a start-up
Resource person Dr. Manas Ranjan Pradhan explaining on the technique of research proposal and report writing (9.10.2021)
Dr. Priya Emmart from USA for the valedictory function (9.10.2021)
Resource Persons of the International Workshop on Research Methodology, at a glance
Elocution competition organized by the Department of Business Economics in association with the Mumbai Port Trust on 27 September 2017
Prize winners of elocution competition organized by the Department of Business Economics in association with the Mumbai Port Trust on 27 September, 2017 27/09/2017
Mr. Vijay Ramane from Baulmer and Laurie and Principal Dr. Usha Iyer during a session on 1st November 2017 during the Vigilance Awareness Week