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37. Detail any five Strengths, Weaknesses, Opportunities and Challenges (SWOC) of the
department
Strengths:
 Qualified, competent, innovative and progressive staff
 Offers optional papers in emerging and valued subjects in undergraduate Economics
course like quantitative economics, Entrepreneurship, Environmental Economics,
Financial Systems, Public Finance and Institutions, Basic Econometrics, Basic
Statistics giving opportunity for students to pursue their higher studies in Economics
 The post graduate course offers important papers necessary for work, or for pursuing
higher education in research. The course has a high level of quantitative dimension to
teaching the subject. It offers students to learn computers from the first semester itself
with introduction to soft ware such as R, SPSS, STATA and handle big data analysis
like NSSO. The students should complete a dissertation as a part of the curriculum
which uses both primary and secondary data. Besides it has a compulsory internship
component for 8 weeks after the second semester students
 Research abilities are strong and there is significantly high output in research
 The department has a departmental library and has a well stocked library

Weaknesses:
 Have not been able to comprehensively harness Alumni for setting up internships and
for providing placements
 Yet to set up in-house research publication facilities for journals and books
 Had only one tie ups with other research organizations(ISEC).Only one consultancy
with TISS Guwhati
 No faculty member is recognized a research guide in Bangalore university
 Do not have many students presenting research papers

Opportunities:
 Tap Alumni resources by planning an alumni get together of the PG economics and
UG economics
 To make college a referral centre for expertise in Econometrics
 To set up research centre for economics
 To offer diploma courses in identified areas of the discipline
 To provide training program for NET and other services like RBI staff training
Threats:
 To retain qualified and competent staff
 Major challenge to balance teaching, research and administrative work
 Other colleges in the city offering post graduate course in economics
 It is quite a challenge to attract students with sound aptitude for studies in the post
graduate courses.
38. Future plans of the department.
 To start a few diploma courses in Economics on weekends.
 Staff training programmes for Bank employees in collaboration with RBI.
 Explore possibilities of faculty exchange, student exchange, twinning programmes
with other universities and sign MOU s in this regard.
 To offer Msc course in Economics

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