Economists learn that behaviour partly depends on experience and partly on people’s perceptions of what is expected to happen. The behaviour may change when unanticipated events occur. Effective decision making requires the skill of reacting in a context where people’s behaviour is based on expectations that may be confounded by subsequent surprises. Economists are trained to recognise that important decisions often relate to small variations in key variables and parameters. An action is worth undertaking if the additional benefit that accrues is greater than the additional cost incurred.

A student of Economics is expected to be fully aware of the importance of the marginality analyses relative to the use of average. He should also have the following attributes: high sense of purpose; possess commitment to discipline, handwork, excellence and self-reliance; possess high sense of probity and accountability and high sense of patriotism.

Attainment Levels

A graduate in Economics who has attained the threshold level should :

1. Demonstrate knowledge of economic concepts and principles.
2. Demonstrate knowledge of economic theory and modelling approaches.
3. Demonstrate awareness of quantitative methods and computing techniques appropriate to their programmes of study, and show an appreciation of the contexts in which these techniques and methods are relevant .
4. Display knowledge of sources of content of economic data and evidence and appreciate what methods might be appropriately applied to the analyses of such
5. Know how to apply economic reasoning to policy issues.
6. Demonstrate knowledge in an appropriate number of specialized areas in Economics.
7. Display awareness of the possibility that many economic problems may admit more than one approach and may have more than one solution.

Staff List