NKC Mumbai's Commerce, Arts, and Management Studies College | Autonomous College in Mumbai

ABOUT PROGRAMME

The Department of Economics at our institution is a vibrant hub of academic excellence that combines theoretical foundations with practical insights. Established with the vision of nurturing future economists, the department has consistently excelled in fostering intellectual growth, critical thinking, and real- world application of economic principles.

The Department is Headed by Dr Monikantan S Nair and ably assisted by experienced faculty members Mr Sonu Rane, Dr Saswati Mohanty, and Ms Vaishnavi Vadia. The department is dedicated to equipping students with the skills needed to thrive in dynamic economic landscapes. With a strong focus on research, skill development, and interactive learning, the department prepares students to tackle contemporary economic challenges effectively.

The department actively organizes workshops, competitions, and industrial visits to enhance students' practical knowledge. Through a blend of academic rigor and extracurricular activities, we aim to shape multi-talented personalities in the field of Economics, who can contribute meaningfully to nation-building.

Courses Offered

Undergraduate Programs

BA Economics

Duration: 04 Years

Postgraduate Programs

MA Economics

Duration: 02 Years

Faculty Information

Sr. No.	Name of the Faculty Member/Designation	Qualification	Total Experience (Years)	Area of Expertise	Research/Publications
1	Dr. Monikantan. S. Nair, Associate Professor and Head, and Prof.-In Charge of Examinations	M.A., B.Ed., M. Phil., Ph.D.	31 years	Development Economics, Industrial Economics and International Economics	07
2	Mr. Sonu Rane Assistant Professor	M.A., PGDBA, SET	04	Micro Economics, Macro Economics, Indian financial system	07
3	Dr. Saswati Mohanty Assistant Professor	M.A.,M.Phil. Ph.D.	04	Research methodology, Mathematical Economics, Econometrics	06
4	Ms. Vaishnavi Vadia Assistant Professor	MA	01	Indian Economy, Banking, Business Economics	05

Departmental Fests and Activities

Live Budget Sessions (July 2024 and 1st February 2025)- Offering a comprehensive analysis of the Union Budgets 2024 and 2025 and its economic implications- 163 and 225 students participated respectively.
Arth Utsav 2024(23rd July 2024)- An intercollegiate economic festival blending intellectual discourse with engaging competitions-54 students of UG and PG Economics participated.
Essay Writing Competition (29th July 2024)- Encouraging critical thinking on Union Budget policies.
A session on Indian Economy & Taxation: In the context of Union Budget 2024(24th August,2024)- Offering a comprehensive analysis of the Union Budgets 2024 and 2025 and its economic implications- 163 and 225 students participated respectively.
Workshop on Data Analysis (16th & 23rd August)- Enhancing data interpretation skills for research.
International Economics Convention 2024(12th,13th &14th December 2024)- Our students excelled in representing Australia and earned prestigious awards- Our Student Ms. Vibha Dave won the prestigious Best Overall Presenter Award.
Practical session on Mutual Fund Investment(18th January 2025)- Equipping students with financial literacy skills-110 students participated.
Prospera 2025: Eco Carnival (27th &28th January,2025)- A vibrant Intra Collegiate platform for combining learning with fun activities.
Bibliography Session (19th December 2024)- Focused on improving students' research skills and citation techniques by our Librarian Mrs.Sonali Karekar.
Industrial Visit (7th February 2025) - Providing students with practical exposure to industry practices and economic applications- this time we visited Yusuf Meherally Centre, Panvel and visited Imagica as well- 78 students participated.
Know Your Economy Test 05/02/25)- Enhancing students' understanding of India's economic framework and financial literacy- Organised by SRAEF(Chennai) 80 students took part.
International Initiatives Cell (3rd February 2025)- The International Initiatives Cell, in collaboration with the IQAC and the Department of Economics, organised a session on "Global Career in Economics and Employability" by Dr. Aditya Kuvalekar, offering insights into career opportunities and essential skills for students.
Farewell Function- A Grand Farewell Function was organised for the outgoing TYBA Economics And MA PART-II Students of Economics by the Department of Economics on 10th March 2025.

Achievements and Accolades

TITLE	PARTICIPANTS	GUIDED BY	CONFERENCE DETAILS
Research Paper: "Exploring Trends in Digital Payments in Mumbai’s Unorganised Sector- A Study across Age, Gender and Occupation"	Ms. Vibha Dave	Dr. Monikantan Nair	Published in Khandwala Publishing House
Research Paper: "Healthcare Facilities in Urban Versus Rural Areas in India"	Manasvi Singh & Urvashi Bisht (TYBA Economics)	Dr. Monikantan Nair
Research Paper: "Issues and Challenges of Impulse Buying in Online Settings"	Mr. Sujal Gupta (TYBA Economics)	Dr. Monikantan Nair
Research Paper: "Fintech and Microfinance: Exploring the Socio-Economic Effects of Digital Payments on Small Businesses in Mumbai"	Mr. Sonu Rane		Published in UGC Care List Journal Humanities and Social Science Studies
Research Paper: "India's Monetary Policy and Its Impact on the Economy’s Financial Stability: Roadmap from 2020-2023"	Mr. Sonu Rane		Published in UGC Care List Journal Rabindra Bharati University Journal of Economics
Research Paper: "Opportunities and Challenges of Artificial Intelligence (AI) in Employment"	Dr. Saswati Mohanty		Published in National Conference of Commerce Department
Research Paper: "Health Insurance Requirements and the Resulting Awareness Among Individuals"	Mahee Sheth	Dr. Saswati Mohanty	Yet to be published
Research Paper: "The Gimmick of Welfare Schemes of Indian States"	Ms. Vaishnavi Vadia		Published in UGC Care List Journal Journal of the School of Language, Literature and Cultural Studies
Research Paper: "Economic Implications of AI Dependence on Future Human Behavior"	Ms. Vaishnavi Vadia		Published in National Conference of Commerce Department
Research Paper: "The Future Role of AI in Shaping Global Economics"	Ms. Vaishnavi Vadia		Published in National Conference of Commerce Department
Research Paper: "Impact of AI Adoption on Banking and Financial Institutions: A Structural Equation Modelling Approach"	Ms. Vaishnavi Vadia		Published in National Conference of Commerce Department
Research Paper: "The Role of Government Schemes in Shaping the Future of Work in the Gig Economy"	Ms. Vaishnavi Vadia		Published in One Day National Level Multidisciplinary Conference.

Ms. Vibha Dave TYBA Economics Student has been awarded as the Best Speaker at the International Economics Conference held at MMK College, Bandra. She has also received the Best Team Presenter award and Best Group Leader award as well.

Ms Hetvi Shah TYBA Economics Student has achieved remarkable success in open water swimming.

Miss Manasvi Singh TYBA Economics Student is currently placed as a Recruiter Intern at Crayon Infotech Pvt Ltd, where she assists in sourcing candidates, coordinating interviews, and supporting the hiring process.

Ms Urvashi Bisht TYBA Economics Student is currently placed as a Training Associate - Intern in the Operations Department at Globalize Training Brains Pvt Ltd, actively contributing to training activities and operational tasks.

Ms Vibha Dave, a TYBA ECONOMICS Student is adjudged the Best Student Over All (Aided Section) Awarded Sheriff Lion Ashok Mehta Excellent Award For Outstanding Overall Performance.