The Department of Economics, Loyola College (Autonomous) Chennai, India, is one of the first three Departments along with Mathematics and History started in 1925 with 75 students on the rolls in the under graduate courses.
Rev. Fr. Basnach, S.J. was the first Head of the Department of Economics, who held office from 1925 till 1963. Under the guidance of Rev. Fr. Basnach, the Department expanded and flourished well and a three year B.A (Honors) programme was started in 1929. All important events at the national and international scenario became the subject matter for discussion during his time at the Department level and students really made use of his tenure to progress well both professionally and personally.
Rev. Fr. A. Devasia, S.J., took over as the Head of the Department of Economics in the year 1963. His initiative to groom the students of his time was some very special, which enabled the students to pursue their carrier predominantly in the field of civil services is worth mentioning. The Autonomous status which was conferred to the Loyola College in 1978 enabled the Department to frame a unique curriculum for the courses it offered to Undergraduate. The Postgraduate level was in perfect harmony with both the old and the new schools of thought.
Prof. T. D. Felix, took over as the Head of the Department of Economics in 1981. He was a creative and innovative thinker and a clear exponent of various economic theories during his time. Prof. T. D Felix was responsible for introducing the M. Phil. Programme in Economics both as a regular and as a Part time sequential programme.
Rev. Fr. Dr. A. G. Leonard S.J. took over as the Head of the Department of Economics in 1996. Though not the first one to receive the Ph.D. Degree in the Department, Rev. Fr. Dr. A.G. Leonard S.J., was the first doctorate holder to Head the Department. He was instrumental for the creation of the Loyola Economics Association for Development (LEAD). During his tenure Prof. T. Eugine was instrumental to introduce the popular annual academic departmental magazine called "OIKONOMIKOS" published from the Department of Economics since 1997–1998.
Prof. T. Vincent Jayakumar, took over as the Head of the Department of Economics in 2001. During his period both the U.G. and P.G. courses were restructured under the Choice Based Credit System (CBCS).
Dr. A. Joseph Jeyapaul, took over as the Head of the Department in 2006. Self-supporting section for the U.G. in the Department was introduced during his time. During his period two international conferences were organized. Eminent speakers across the globe were invited for the conferences.
Prof. T. Eugine, took over as the Head of the Department of Economics in 2011.During his tenure Prof. S. Neeta was instrumental in getting the ISSN status for the annual department journal called "OIKONOMIKOS" published by the Department of Economics.
Prof. B. Bhagwan Das, took over as the Head of the Department of Economics in 2016. During his period the fourth cycle of restructuring was done to satisfy the academic and career objectives of the students.
Dr. Elango J. Parimalam, took over as the Head of the Department of Economics in 2019. Under his guidance the Loyola Economics Association for Development started functioning with more and equal opportunities for developing leadership qualities and organisations skills of both Shift-I and Shift-II Economics Students.
Since its inception in 1925, the Department of Economics, Loyola College, the castle of learning has retained its uniqueness for excellence, expansion and inclusion. For the academic year 2019-2020, the Department got 22 dedicated and committed staff members, out of whom 9 staff members are doctorates. Today along with U.G. and P.G. courses, the dept. offers M.Phil. and Ph.D. programmes. Ninety four years later, the Department of Economics continues to train young men and women to be the leaders of tomorrow to serve the humanity in justice, truth and love. The untiring and timely services rendered by the Department of Economics and the College to the youth earned it recognition among the top 3 Arts and Science Colleges in India.
Dr Elango J. Parimalam
Head of the Department,
Department of Economics,
Loyola College (Autonomous),
Chennai - 600 034.
Tel: +91 44 2817 8200 (Ext 325)
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Monday, December 2019
Over the last nine decades, the contributions of Loyola College to higher education has been highly influential and remarkable as a pioneer in the field of education that has created an avalanche of innovative and best practices for other educational institutions to inspire and emulate.
1. Educational Policies and Autonomy
In 1978, Loyola was one of the first eight colleges to receive autonomous status which helped the college to uphold its educational policies concerning admissions that aim at providing University Education in a Christian atmosphere for deserving students, especially for Catholics, Dalits and the underserved sections of the society.
2. Pioneering Programs
Loyola has been known for its path-breaking ventures like bringing forth some innovative programs and courses that have inspired many institutions to adopt them into their teaching and learning environment.
2.1. Visual Communication Program
One of the flagship programmes of the college and the only one of its kind that emerged as a precursor in the 1970s was the two-year Diploma in Visual Communication offered by Loyola Institute of Visual Communication (LIVCOM) as an evening program. Owing to the remarkable recognition from the media industry, the college started a full-fledged Degree in Visual Communication in 1989.
2.2. Foundation Course
Emphasizing the Ignatian pedagogy and spirituality, the Foundation Course was designed to inculcate values in the future leaders of our nation. The program is run by an exclusive academic unit, the School of Human Excellence (SHE), committed to guiding students in their values-centred pursuit of becoming men and women for and with others in society.
3. Research and Innovation
Loyola has a strong research culture. It is the only Arts and Science College which figured in Current Science magazine for research contributions to national development. Loyola is the only Arts and Science College in India to be recognized as a Scientific and Industrial Research Organization (SIRO) by the Department of Scientific and Industrial Research (DSIR), Government of India.
4. Student Support Services
A very significant contribution that Loyola College makes to higher education and society is the avalanche of Good Samaritan services it renders to the student community.
4.1. Resource Centre for Differently-Abled (RCDA)
Loyola College has set a trend nationally in stepping first to help the differently-abled students. There is an exclusive facility, Resource Centre for the Differently Abled (RCDA), established with the fund received from UGC-HEPSN and the National Institute of Visually Handicapped (NIVH), Ministry of Social Justice and empowerment, Government of India. RCDA was chosen to serve as the Model Resource Centre of Disability Services (MRCDS), the first of its kind in the nation to fulfil the needs of the Differently-Abled students with specialized digital devices and resources.
4.2. Loyola Students Support Services (LSSS)
An exclusive service unit, LSSS, was established to offer academic, financial and personal support services, such as Scholarships, Management Concession, Free Noon Meal, Special English Program, Supplementary Education, Special Coaching, Remedial Programmes, Personality Development through Life Skills, Art and Literature and a Special Assistance to Foreign Students. One of its chief focus is empowering students from marginalized section of the society especially, the Dalits, to face the challenges in life with dignity.
Loyola pays a great deal of attention towards personal and mental wellbeing of the students through counselling which is predominantly carried out by AURA, the Centre for Counselling at the college. Loyola is proud to be a pioneer among educational institutes that have professional counsellors serving fulltime to attend to the needs and problems of the students at their intrapersonal, interpersonal and social levels.
Loyola has a staunch commitment to moulding the students through academic mentoring. The Academic Staff are trained exclusively to handhold the young aspirants as their mentors to guide, support and sort out the academic and personal issues and help them complete their studies successfully.
4.5. Financial Supports
Loyola offers a tremendous financial support to economically disadvantaged students. Every semester, the college management provides fee concession through Jesuit Educational Support (JES) to students from poor families. In 2018-19, the college has issued around 1.60 crore rupees as a management fee concession to 2600 students.
5. Reaching out to the Neighbourhood
One of the best practices for which Loyola has been well-known in the national higher educational arena is the effort constantly made to reach out to the local community in total humanitarian service.
5.1. Loyola FM 107.4
The college had ventured into an exceptional service by establishing Loyola FM 107.4, a community radio frequency over a radius of 15 km. Through Loyola Community Radio, the college addresses various issues related to the neighbourhood airing a variety of special programs for Transgender, gipsies, widows, visually challenged, street vendors, slum dwellers, auto drivers, etc.
5.2. Loyola Rain Relief Service (LRRS)
Another very unique service that has set trend among educational institutes across the country is establishing LRRS during the November 2015 rain, which initiated to provide the rain-affected people living in the slum areas of the city of Chennai with food materials and clothes. Loyola Rain Relief Services had 30 staff, and 250 energetic student volunteers, and a medical team consisting of 8 doctors offering medical treatment to nearly 1750 flood victims housed in Loyola premises. Through LRRS, a rain relief camp was initiated for Post Graduate students to offer their service to rain-affected areas especially the Gaja cyclone-hit areas in November 2018.
Another exceptional venture of the college is pioneering in community service through the Outreach Program that functions under the School of Service Learning. The college had taken up around 50 slums (urban villages or sub-standard settlements) around the college campus falling under the zones 5, 7 and 8 of the Chennai Corporation. The UG students are required to complete 120 hours of community service and PG students visit villages and experience life at the grassroots level to prepare themselves to serve these underserved people in their future.
Since 1925, Loyola College has been making impactful contributions to the economic growth of the country, formation of the brilliant minds, and shaping the young leaders of tomorrow in alignment with the motto of the college forming men and women in service of others.
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