About Economics Department

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate the scares resources among various sector of the economy. It focuses on the actions of human beings, based on assumptions that humans act with rational behaviour, seeking the most optimal level of benefit or utility. More precisely, it is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society.
Along with other disciplines of arts and commerce, the Department of Economics has also been initiated in 2006 with the establishment of Government Degree College Drang at Narla, Mandi. Since then it has made a qualitative effort and contribution to undergraduate teaching in Economics. The department of economics offers a variety of courses at undergraduate level which comprises; Principle of Microeconomics and Macroeconomics, Basic Statistics and Mathematics, Development Economics, International Economics, Money and Banking, Public Finance, Basic Econometrics and Indian Economy and related current issues.Generally, the main purposes of a bachelor degree program in economics is; to introduce the basic economic principles, concepts, and theories among students and also to create awareness among them about the Indian as well as world economy through discussion on various current economic issues, up-to-date facts, and leading policy concerns.


  1. To enable the students with basic knowledge of economic concepts, theories and principles and its day to day applications.
  2. Upgradation of knowledge in recent trends and developments in Economics.
  3. To encourage the students in solving the various economic problems by enhancing their ability and skill.
  4. To develop the rational approach for economic behaviours  and values among students including critical thinking and communication.
  5. To develop the potential among students for higher education, research, and career placement.

Economics Syllabus

Profile of Teaching Staff

(Sanctioned Posts =01)
Mr. Bhed R. Verma, Assistant Professor, M.A. & M.Phil. VIEW PROFILE
Student Intake =  60
Students’ Studying Economics as a Major Course BA
1st Year = 04 BA
2nd Year =05
BA 3rd Year = 11
Name of the Student Roll No. Course Joined /Placement Institution Joined and Year


Anita Kumari 160024 JBT DIET Mandi-2019


Archana Kumari 160044 MA VGC Mandi-2019


Pankaj 170028 MA HPU Shimla-2020


Vinod Kumar 170029 Army Indian Army-2020


Rekha Devi 170059 MA HPU Shimla-2021