( 1 ) JADAVPUR University issued an advertisement being its Employment Notification No. A/2/c/7/2002 inviting application for appointment to various teaching posts including the post of Professor of Applied Economics (Financial Economics) at serial No. 1 (b) (hereinafter referred to as the 'disputed post' ). For the disputed post prescribed essential and desirable qualifications were : qualification Essential: For the posts of Sl. No. 1 (b) to 1 (d ). An eminent scholar with published work of high quality actively engaged in research with 10 years' of experience in post-Graduate teaching and/or research at the University/national level Institutions, including experience of guiding research at doctoral level. OR an outstanding scholar with established reputation who has made significant contribution to knowledge. For the post of Applied Economics post Graduate degree in Economics or related relevant disciplines. Desirable: For the post of Sl. No. 1 (b)proven ability to teach Economics Theory, relevant to Financial Economics at the PG Level and conduct research in Financial Economics. Specialisation : For the post of Sl. No. 1 (b ). Applied Economics (Financial Economics