Department of Economics

The faculty members and non-teaching staff of the Department of Economics, Aligarh Muslim University took 12th National Voters’ Day Pledge on 25th January 2022 at 11:00 a.m in the Department of Economics. The pledge was administered by the Chairman, Department of Economics, Prof. S.M. Jawed Akhtar. The Voters’ Pledge issued by Election Commission of India, Government of India was read by the Chairman and the faculty members and non-teaching staff pledged to abide strictly by the Voters’ Pledge to uphold the democratic traditions of our country and the dignity of free, fair and peaceful elections and to vote in every election fearlessly and without being influenced by considerations of religion, race, caste, community and language or any inducement.

Commemorating the 100 Majestic and Magnificent Years of Existence, Excellence and Enlightenment of Aligarh Muslim University, Department of Economics organised another captivating and enthralling Web Talk by a distinguished economist who is a scholar of international repute, Prof. Rakesh Raman from Department of Economics, Banaras Hindu University (BHU), Varanasi.

The Web Talk commenced with the comprehensive and illuminating, ‘Introductory Remarks’, from the Chairman, Department of Economics, Prof. Md.Abdus Salam. Very heartily, Prof. Salam informed that the date 17th December 2020, also coincides with the establishment of Department of Economics which was one of the 15 Departments which were established simultaneously with the establishment of the Aligarh Muslim University. Prof. Salam further added that the Department of Economics is giving a humble tribute to Sir Syed Ahmad Khan, founder of this university, in the form of this Web Talk Series, who provided the ground-breaking direction to the entire community of the country. Citing the contributions of Aligarh Muslim University in nation building, he said that the imprints of educational excellence of AMU are present on each and every corner of the world. Prof. Salam appreciated the role of Hon’ble Vice-Chancellor Prof. Tariq Mansoor, in bringing Aligarh Muslim University among the league of top best universities in India which is noticeable from the results of various reputed national and international educational ranking agencies in the year 2020. He further said that the steps taken by Hon’ble Vice-Chancellor reflects his commitment and determination which has helped in enriching the academic flair of the university manifolds and has made this Centenary Year more special for the entire AMU fraternity.

An excellent intellectual insight into the topic ‘Nobel Prize in Economics’ was given by the guest speaker Prof. Rakesh Raman. In an inspiring and educative talk, Prof. Raman brilliantly explained the various aspects of Nobel Prize given in the field of Economics. Associating Nobel Prize with providing laurel to the economists, he focused on the purpose of Nobel Prize and how awards motivate the recipients as well as fellow academicians to improve their performance. Considering awards as a testimonial to the academic excellence, Prof. Raman nicely elucidated the different types of awards which are given in the field of Economics internationally both by an individual nation as well as by the group of nations. He particularly focused on the ‘John Bates Clark Medal’ and informed that most of the recipients of ‘John Bates Clark Medal’ are also the winner of the Nobel Prize in Economics. He deeply and interestingly explained the origin of Nobel Prize which is associated with Alfred Nobel. Giving a detailed account of his multifaceted and inspiring personality, Prof. Raman cited Alfred Nobel’s huge wealth, 355 patents, invention of dynamite, ownership of 90 firms, etc as one of the most distinguishing features of his life which makes him one of the most legendry personalities of this century. In an intriguing analysis Prof. Raman, explained the different stages of inception of Nobel Prize beginning from the opposition from the family of the Alfred Nobel and the support of the Royal Swedish Academy and the Swedish Government in bringing it finally to the forum in 1968. He further provided description about

the journey of the changing names of this prize and how it finally got the name of Nobel Prize in Economics. Prof. Raman, in an interesting analysis clearly explained the difference between the ‘medal’ awarded in economics and the ‘medal’ awarded in other subjects. In his captivating Web Talk, Prof. Raman has also focussed on the Nobel Prize awarded in Economics from various dimension for example- age-wise, country-wise, university-wise description, etc. Further, in a very motivating and thought-provoking explanation, Prof. Raman has highlighted that most of the Nobel Laureates have produced students who were also Nobel Laureates. Citing various examples Prof. Raman had considered the role of university or institution as one of the important tools which helps in creating genius brains. An enlightening and edifying Presidential Address was delivered by Prof. Nisar Ahmad Khan, Dean Faculty of Social Sciences. Appreciating the talk delivered by the guest speaker Prof. Raman, Prof. Khan said that the origin of Nobel Prize is often credited to the unfamiliarity of students of economics about the Paul Milgrom’s auction theory. Prof. Khan provided an excellent and admirable insight into the works of Paul Milgrom and his teacher Robert B.Wilson on auction theory. He explained different types of auctions. In addition to this, Prof. Khan provided an exhaustive coverage about the ‘Incentive Auction’ which is the recent work of Paul Milgrom published in 2017.

The vote of thanks was proposed by Prof. Mohd. Tarique, Senior Professor, Department of Economics, Aligarh Muslim University, Aligarh. The Web Talk was anchored by Dr. Shirin Rais.

In order to observe the “Rashtriya Ekta Diwas”on the birth anniversary of Sardar Vallabhbhai Patel , Department of Economics , Aligarh Muslim University,Aligarh organized the “Rashtriya Ekta Diwas Pledge” on 02.11.2020 at 10.45 a.m. Faculty members,office staff, & students have participated and took pledge enthusiastically.

As a Covid awareness drive and to implement the “Jan Andolan Campaign on COVID-19”, Department of Economics , Aligarh Muslim University, Aligarh organized the “Appropriate Behaviour Pledge”  and  emphasized “Unlock with Precautions” on 02.11.2020 at 10.30 a.m. Faculty members, office staff, & students have participated and took pledge enthusiastically.

The teachers of the Department of Economics observed “Vigilance Awareness Week” from 27^th October, 2020 to 02^th November, 2020. This program produced an enthusiastic involvement of all the events given as the part of the programme.

The teachers of the Department of Economics Celebrated “Constitution Day 2020” on 26th November, 2020. 

Department of Economics is Congratulating Ms. Aysha Khan (Student of MA Economics-2020) for qualifying GATE in Economics 2021 and securing All India Rank of 336.

As per the instructions of Central Vigilance Commission, Government of India, Department of Economics observed Vigilance Awareness Week-2021. ‘Integrity Pledge’ was taken by the faculty members and staff of Department of Economics, Aligarh Muslim University. The pledge was administered by Prof. Md. Abdus Salam, Chairman, Department of Economics, AMU.



Department of Economics, Aligarh Muslim University, organised an Outreach Awareness Programme on Pradhan Mantri Jan Dhan Yojana (PMJDY). The programme was conducted at Maheshpur village of Aligarh district on 10.11.2021 (Wednesday) under the Outreach Programme Committee of the Department. During the visit, Prof. Mohd Azam Khan (Convener), Prof. Mohammad Asif, Dr. Syeeda Khatoon, Dr. Jamil Ahmad and Dr. Abdul Azeez N.P, and Pradhan interacted with villagers and found that there is a lack of awareness about various benefits and provision of PMJDY. The programme created awareness among the villagers about the benefits and requirements, which inspired them to open a bank account under PMJDY.