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Welcome to Analytical and Applied Economics

The department of Analytical and Applied Economics was started by the name of department of Rural Economics and Sociology in the year 1956 with an initial grant from the Ford Foundation. The department began functioning from the Burdwan house located at Cuttack. As post graduate teaching facility in economics was available in the erstwhile Ravenshaw College, Cuttack, this departmnet was intended to be a research centre. It also offered training facilities in Social Science Research Methodology and prepared candidates for the doctorate degree of the university in Economics and Sociology. In 1960, a one year diploma course in Social Science Research Methodology was introduced along with the shift of the university campus from Burdwan house, Cuttack to the present location at Vanivihar, Bhubaneswar. The post graduate teaching in Applied Economics was introduced in the department in 1963. Later on the name was changed to the department of Analytical and Applied Economics. In recognition of the significant contributions made by this department in the field of economic research, the U.G.C selected the department as a centre for Teacher Fellowship Programme in Economics in the year 1977, as a department of special assistance (DSA) in 1989, as an ASIHSS Grant awardee in 2006 and it was upgraded to “Centre of Advanced Studies (CAS)” in Economics from 2010-11 academic session. The academic and research contribution of the department was also recognised by the State Bank of India and it instituted a chair in Rural economics in 1981, by creating an endowment of Rs.6 lakh and it functioned till 2000. The RBI also instituted a chair in Institutional Finance in 1982, which was non-functional from 2011 to 2020 and has been revived in 2021 with sincere efforts from the University authorities and support from the RBI. The department has a very robust alumni base, with many of its alumni well established in various walks of life. The Alumni Association of the department organises an annual Memorial Lecture in memory of its Founder, late Professor Bidyadhar Mishra. Important Milestones in the Evolution of the Department:
  • 1956: Started as a centre for research in the name Department of Rural Economics and Sociology at Burdwan House, Cuttack under Ford Foundation Grant
  • 1960: One year Diploma course in Research Methodology introduced and the Center shifted to Bhubaneswar, present location
  • 1963: P.G. teaching program in Applied Economics started
  • 1974: Department renamed as Department of Analytical and Applied Economics
  • 1977: UGC selected the Department as a centre for teacher fellow program
  • 1981: SBI instituted a professor chair in Rural Economics
  • 1982: RBI instituted a professor chair in Institutional Finance
  • 1989-90: UGC awarded the status of Department of Special Assistance (DSA) with thrust area Rural and Regional Economics
  • 2004-2009: Period of Phase III of DSA with thrust areas: Regional Planning, Agricultural Economics and Rural Development.
  • 2010-2015: CAS I: Regional and Rural Economics, Economics of Environment, and Social Sector Economics
Vision
  • To emerge as a centre of excellence in economics, education with focus on innovative teaching, research and extension, activities for building a creative , enlightened and productive society.
Mission
  • To take economics beyond classroom, inculcate problem solving skills and sensitiveness among students for rational decision making
  • To create and disseminate knowledge in economics through interdisciplinary research and creative enquiry for developing a dynamic, just and sustainable society
  • To proactively participate in economic policy designing through consultancy, extension activities and intervention efforts
Strategic Goals
  • Maintain and enhance the standard of teaching and research programmes to carry forward the legacy set by our predecessors and prepare a pool of qualified human resource for academia, industry and the development sector.
  • Forge collaborations with institutions, universities and industries of national and international repute.
  • Promote interdisciplinary and multidisciplinary research endeavours for the benefit of scholars and society at large.
  • Train the students for competitive examinations for jobs as well as for higher learning.
  • Disseminate the knowledge to the society and to sensitise the young minds about the needs of the people through community engagement.

Faculty

Sl.No. Programmes Number of seats
1 M.A 88
2 M.Phil 10
3 Ph.D 10
4 MBA (Rural Management) 24
5 PhD or DPhil (Development Studies) 10

Content
Sl.No. Programme Download
6 MA Economics CBCS 2021-22
Objectives & Outcomes
Sl.No. Programme Download
7 MA Economics Objectives & Outcome

News & Events


Class Rooms (with/without LCD facility) 3
Seminar hall with LCD facility 0
Computational and Networking Lab 1
Departmental Library 01 (4864 Books) , 5 Journals
Students’ Seminar Library 01 (672 Books)
Girl’s Common Room 0
HOD’s office 1
Staff Rooms / Utility 0
Faculty Rooms 11
Research Laboratories 0
Instrument Rooms 0
Broadband high speed Internet available with Wi-Fi facility for all staff and students.

Major Instrumental / Computational facilities

  • 12KVA Online Power Back-up
  • SPSS
  • E-Views
  • Stata

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