Thursday, June 7, 2012
Friday, February 17, 2012
Speaker - Padma Shri Dr. Sukhadeo Thorat
Padma Shri, Dr. Sukhdeo Thorat is an economist and was Chairman of the University Grants Commission (UGC) and is presently the Chairman, ICSSR.
At the inaugural function of the Research Cluster for Humanities and Social Sciences, Dr. Thorat gave a talk on “Inclusive Growth”. The session was attended by students and faculty from the various SIU institutions, as well as other prominent economists and faculties from various Economics Departments across the city.
Speaker: Dr. S. Sriraman
About the resource person - Dr S.Sriraman - Dr.Sriraman is presently Walchand Hirachand professor of Transport Economics, at the department of Economics University of Mumbai, and has been actively involved in teaching transportation economics, microeconomics, industrial economics, quantitative economics to post graduate students. Besides teaching, he has a number of research projects to his credit in the field of transportation for central and state governments. He did his Bachelors of Arts in Economics from Loyola College, Madras University, Masters of Arts in Economics from Delhi School of Economics and completed his in Transport Systems from Indian Institute of Technology, Kanpur. He has published nearly fifty papers professional journals and numerous articles for business weeklies and dailies. He visited the Pennsylvania Transportation Institute, USA as a Ford foundation fellow in 1990-91, the University of Ulster, Jordanstown as a British Council fellow in 1997 and is currently visiting professor at TERI University.
About the talk – The talk on “Restructuring Urban Transportation in India” by Dr. Sriraman was quite informative and interesting. He discussed at length the various challenges and opportunities that Indian cities face today in terms of transport. The public transport system is weak and ineffective, it lacks indigenous research and innovation. We still emulate the age old and obsolete technologies which were being used by other nations decades ago, for example – the Sweden model of multi axle buses which were introduced in 1970s there, are now getting imported to India. The quantity and quality of urban transport system are both inefficient and unsustainable. The only option left with general public is to have private vehicles, leading to more traffic congestion, pollution, poor traffic speed and loss of time and resources. The government policy towards urban planning and management is poor and shortsighted and lacks long term endeavor. The capacity building usually follows the demand and does not precede it, leaving a demand-supply lag every time. In the given scenario of rapid urbanization, Government should work with Private sector, NGOs and civil society to monitor and tackle the current problems and to build capacity for future.
The talk was followed by a question and answer round, where students put forward their queries and concerns regarding the urban transport system in India. The common consent was on the existence of huge scope of improvement in the urban transport system. Many students also made up their minds to conduct research on the topic to find constructive solutions.
Sunday, December 4, 2011
Friday, December 2, 2011
1) It's interesting and relevant
Economics is often viewed as a dry discipline which has little to say about the real world, however nothing could be further from the truth. A good understanding of economics will allow you an insight into a wide range of social issues and problems, ranging from the most important and pressing facing the planet today, to every-day phenomena, central to the way society is organised, but that most people take for granted.
For example, have you ever thought about any of the following questions:
· Why are the populations of Western countries so wealthy and the populations of Third World countries so poor?
· Is an influx of migrant workers good for society?
· What exactly are 'market forces'? and why do most governments allow them to determine the allocation of resources in society?
· What causes unemployment?
· Why do prices sometimes rise very quickly, but sometimes rise very slowly?
· Why are some goods very expensive (e.g. caviar) and others so cheap (e.g. baked beans)?
· Why do economies often go through periods of strong growth followed by periods of slow growth or recession? Why are most Western economies about to go through a period of slow growth or recession?
· Why have most countries in Europe joined the European Union? Why have most of these countries given up their national currencies by adopting the Euro?
· What factors determine the prices of shares? Why do share prices on the world stock markets sometimes appear to fall uncontrollably?
· What role do financial markets play in an economy?
· Does international trade help the development of poorer countries?
· Why (usually) do governments (rather than 'market forces') provide certain goods and services such as street-lighting, armed forces, law enforcement, education, health services and roads?
· Does the government tax us too much or too little? What are the most appropriate ways for governments to raise revenue?
· Why are some countries (e.g. China, India) growing very quickly, while others are growing more slowly?
· Why is it that some regions within a country tend to be wealthy (e.g. the South of England) while other regions may be much less wealthy?
· Why are most goods produced by firms, often employing large numbers of people, rather than by self-employed individuals?
· Why are some industries dominated by one large firm (e.g. Microsoft Windows, computer operating system), whereas in other industries, many firms compete for business (e.g. car insurance)?
· Do long prison sentences reduce crime?
If you have, you will find the study of economics very interesting.
Economists answer the questions above by developing and applying theoretical economic principles to these issues in a rigorous and impartial manner. As a student of economics you will learn to develop theoretical models and apply them, in order to gain an understanding of the issues mentioned above as well as most other real world social phenomena.
2) Important Skills
As a student of economics you will also gain a highly marketable set of skills. With a degree in economics you will be able to:
· think analytically, critically and strategically,
· reduce complicated problems to their important components, and formulate solutions to these problems,
· apply up-to-date theoretical ideas as a framework for understanding the world around you,
· develop your numeracy, develop your ability to work on your own or as part of a team,
· communicate effectively, both verbally (presentational skills) and in writing.
3) Filthy Lucre!
Independent research suggests economists earn more than almost all other graduates. One study found that after 11 years, male economics graduates earned more than all other graduates except dentists (Belfield and Sloan 1996). Another study (Conlon et. al., 2002) showed that the graduate premium, that is the extra salary enjoyed by a University graduate compared to a peer who left school with two A levels or more, for male economics graduates is 26.8% and for female economics graduates is 39.3% . This premium is higher for economics graduates than a) other Arts graduates, b) other Social Sciences graduates, c) Maths graduates and d) Engineering graduates.
Why Study Economics at SSE?
· Rigorous Curriculum
· Innovative Teaching & Assessment
· Extra co-curricular activities
· Other facilities: ICT enabled lecture halls, library, Wi-Fi enabled campus, a well equipped Gymnasium, Canteen, Health Care Center, Auditorium, Hostel Accommodation (limited seats), Computer Lab, etc.
· The parents have access to the progress reports of their wards through a ‘student outreach central’ portal provided on the college website.
· Unique International Collaborations: SIU has collaboration with Georg-Simon-Ohm-Fachhochschule Nuremberg, Steinbeis University, Ontario Maharashtra & Goa, Erasmus Mundus, Sheffield Hallam University, University of Bremen Hochschule, Germany, Leeds Metropolitan, UK, Leibniz University, Hannover & Berlin School of Economics & Law. SSE students through SIU get the benefit of international exposure.
· In House Publication : The college editorial board which is an active body aims at publishing its first in-house magazine by 2011. All the faculty members & students have thought it to be imperative to come together to take this initiative.