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BA in Economics at Maa Shanta Devi College of Management
Betul, Madhya Pradesh
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About the Specialization
What is Economics at Maa Shanta Devi College of Management Betul?
This BA Economics program at Maa Shanta Devi College of Management, affiliated with Barkatullah University, focuses on equipping students with a robust understanding of economic theories, principles, and their real-world applications. The curriculum, aligned with India''''s New Education Policy, emphasizes both foundational concepts like micro and macroeconomics and contemporary issues such as development, environmental economics, and digital literacy. It prepares students for diverse roles in India''''s rapidly evolving economy, fostering critical thinking and analytical skills.
Who Should Apply?
This program is ideal for high school graduates with an aptitude for social sciences, quantitative analysis, and a keen interest in understanding economic phenomena. It also suits individuals aspiring for careers in government services, research, banking, or further postgraduate studies in economics or related fields. Students seeking a comprehensive liberal arts education with a strong analytical foundation will find this specialization beneficial for their intellectual growth and career trajectory.
Why Choose This Course?
Graduates of this program can expect to pursue various career paths in India, including roles as economic analysts, data researchers, financial advisors, and policy assistants in both public and private sectors. Entry-level salaries typically range from INR 2.5 to 4.5 lakhs annually, with significant growth potential in sectors like banking, consulting, and government. The strong analytical foundation also prepares students for competitive exams like UPSC, RBI, and other state-level services, crucial for professional certifications alignment.
Student Success Practices
Foundation Stage
Master Economic Fundamentals- (Semester 1-2)
Focus intensely on grasping core micro and macroeconomics concepts in Semesters 1 and 2. Utilize textbooks, attend all lectures, and engage in regular problem-solving sessions. Form study groups to discuss complex theories and real-world examples, connecting classroom learning to current Indian economic news.
Tools & Resources
NCERT Economics books, Standard university textbooks (e.g., H.L. Ahuja), Economic Times/Business Standard newspaper, Study groups
Career Connection
A strong foundation is essential for all advanced economic studies and forms the bedrock for analytical roles in any industry.
Develop Vocational Skills Early- (Semester 1-2)
Actively participate in the vocational courses like ''''Entrepreneurship'''' and ''''Financial Literacy''''. These practical skills are directly applicable to the Indian job market. Seek out local workshops or online certifications in financial planning or basic business management beyond the curriculum.
Tools & Resources
NISM certifications (basic modules), Coursera/edX courses on entrepreneurship, Local small business workshops
Career Connection
These skills offer immediate employability in financial services, small businesses, or even personal wealth management, relevant for career growth in India.
Enhance Co-curricular Engagement- (Semester 1-2)
Engage wholeheartedly in co-curricular subjects like ''''Food and Nutrition'''' and ''''First Aid & Health''''. These promote holistic development and contribute to social responsibility. Look for opportunities to volunteer in local community health drives or awareness campaigns in Betul.
Tools & Resources
Local NGOs, NSS (National Service Scheme) activities, Red Cross first aid courses
Career Connection
Develops a well-rounded profile, valuable for government jobs, NGOs, and for demonstrating leadership and social consciousness.
Intermediate Stage
Build Data Analysis Proficiency- (Semester 3-4)
Leverage ''''Data Analysis and Computer Application'''' in Semester 3 to gain practical skills in economic data handling. Practice using tools like MS Excel extensively for statistical analysis. Seek online tutorials and projects to analyze Indian economic datasets (e.g., from NSO, RBI).
Tools & Resources
MS Excel advanced tutorials, Kaggle for economic datasets, YouTube channels on data analysis
Career Connection
Data analysis is a highly demanded skill in modern economics, crucial for roles in research, market analysis, and government statistics departments.
Engage in Economic Research- (Semester 3-4)
Actively pursue research projects or term papers in ''''Public Finance'''' and ''''Indian Economy''''. For ''''Research Methodology'''', start identifying topics of local or national economic relevance. Attempt to publish small articles in college magazines or local newspapers to showcase your analytical abilities.
Tools & Resources
JSTOR, Google Scholar, RBI Bulletin, Economic Survey of India, College research journals
Career Connection
Develops critical thinking, academic writing, and research skills, vital for postgraduate studies, policy analysis, and think tank positions.
Participate in Economic Debates & Competitions- (Semester 3-4)
Join college economic forums or debate clubs to discuss contemporary economic issues like inflation, unemployment, or India''''s growth story. Participate in inter-college quizzes or essay competitions. This sharpens your understanding and communication skills.
Tools & Resources
College Economic Society, Youth Parliament simulations, Online platforms for debates
Career Connection
Enhances public speaking, critical argumentation, and networking, beneficial for interviews and roles requiring strong communication.
Advanced Stage
Undertake Impactful Projects/Internships- (Semester 5-6)
Utilize the Semester 5 and 6 project/dissertation/internship opportunity strategically. Seek internships with local banks, NGOs, or government departments in Betul or Bhopal. Choose a research topic with real-world implications, such as local economic development or agricultural challenges in Madhya Pradesh.
Tools & Resources
Internshala, LinkedIn for internships, Local government offices, District Industries Centre
Career Connection
Hands-on experience provides industry exposure, builds a professional network, and significantly boosts resume value for placements.
Specialize through Electives and Advanced Skills- (Semester 5-6)
Carefully choose your core electives in Semesters 5 and 6 (e.g., Econometrics, Mathematical Economics, Agricultural Economics) based on your career interests. Pursue advanced software training in statistical packages like R or Python for econometrics. This specialization makes you highly desirable in niche economic roles.
Tools & Resources
R/Python programming courses (Datacamp, Codecademy), Advanced Excel VBA for statistics, Specialized economic journals
Career Connection
Deep specialization opens doors to advanced research roles, quantitative analysis positions, and higher studies in specific economic domains.
Prepare for Post-Graduation and Career- (Semester 5-6)
Begin preparing for competitive examinations like UPSC (Civil Services), RBI Grade B, or GRE/CAT for higher education. Network with alumni and faculty for guidance on career paths and further studies. Refine your resume and practice interview skills, focusing on economics-specific questions and current affairs.
Tools & Resources
UPSC/RBI preparation academies, Alumni network, Career counseling cells, Mock interview platforms
Career Connection
This structured preparation ensures a smooth transition to either advanced academic pursuits or highly sought-after professional roles in India''''s government and corporate sectors.
Program Structure and Curriculum
Eligibility:
- 10+2 (Higher Secondary Examination) from a recognized board.
Duration: 3 years / 6 semesters
Credits: 64 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-101 | Micro Economics (व्यष्टि अर्थशास्त्र) | Core | 4 | Introduction to Economics, Consumer Behaviour, Production and Costs, Market Structures, Factor Pricing |
| BAEC-102 | Entrepreneurship (उद्यमिता) | Vocational | 4 | Concept of Entrepreneurship, Entrepreneurial Process, Business Idea Generation, Business Plan, Entrepreneurial Environment in India |
| BAEC-103 | Food and Nutrition (भोजन एवं पोषण) | Co-curricular | 2 | Balanced Diet, Food Groups, Malnutrition, Food Safety, Nutrient Deficiency |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-201 | Macro Economics (समष्टि अर्थशास्त्र) | Core | 4 | National Income Accounting, Theories of Employment, Money and Banking, Inflation and Deflation, Fiscal and Monetary Policy |
| BAEC-202 | Financial Literacy (वित्तीय साक्षरता) | Vocational | 4 | Personal Finance Management, Banking Services, Investment Planning, Insurance Products, Digital Payment Systems |
| BAEC-203 | First Aid & Health (प्राथमिक उपचार एवं स्वास्थ्य) | Co-curricular | 2 | Basic First Aid Techniques, Common Injuries and Treatments, Health and Hygiene Practices, Communicable and Non-communicable Diseases, Emergency Care |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-301 | Public Finance (लोक वित्त) | Core | 4 | Role of Government in Economy, Public Expenditure Theories, Taxation Principles and Policies, Public Debt Management, Fiscal Policy in India |
| BAEC-302 | Data Analysis and Computer Application (डेटा विश्लेषण एवं कंप्यूटर अनुप्रयोग) | Vocational | 4 | Introduction to Data and Information, Data Collection Methods, Data Presentation and Visualization, MS Excel for Data Analysis, Basic Statistical Software |
| BAEC-303 | Personality Development & Skill Enhancement (व्यक्तित्व विकास एवं कौशल संवर्धन) | Co-curricular | 2 | Effective Communication Skills, Time Management and Goal Setting, Leadership and Teamwork, Interview Preparation, Public Speaking and Presentation Skills |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-401 | Indian Economy (भारतीय अर्थव्यवस्था) | Core | 4 | Structure of Indian Economy, Economic Planning in India, Agriculture Sector Challenges, Industrial and Service Sector Growth, Poverty, Unemployment, and Inequality |
| BAEC-402 | Research Methodology (अनुसंधान क्रियाविधि) | Vocational | 4 | Concept and Types of Research, Formulating Research Design, Methods of Data Collection, Sampling Techniques, Report Writing and Presentation |
| BAEC-403 | Human Rights & Duties (मानव अधिकार एवं कर्तव्य) | Co-curricular | 2 | Concept of Human Rights, Universal Declaration of Human Rights, Human Rights in Indian Constitution, National Human Rights Institutions, Fundamental Duties of Citizens |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-501A | Development and Environmental Economics (विकास एवं पर्यावरण अर्थशास्त्र) | Core Elective (Choice A) | 4 | Theories of Economic Development, Poverty, Inequality, and Income Distribution, Environmental Problems and Policies, Sustainable Development Goals, Resource Economics and Management |
| BAEC-501B | History of Economic Thought (आर्थिक विचारों का इतिहास) | Core Elective (Choice B) | 4 | Mercantilism and Physiocracy, Classical Economic Thought, Marxian Economics, Neoclassical Economics, Keynesian Revolution |
| BAEC-502A | International Economics (अंतर्राष्ट्रीय अर्थशास्त्र) | Core Elective (Choice A) | 4 | Theories of International Trade, Balance of Payments, Foreign Exchange Market, Trade Policy and Protectionism, International Economic Organizations |
| BAEC-502B | Demography (जनसांख्यिकी) | Core Elective (Choice B) | 4 | Population Theories, Population Growth and Composition, Fertility and Mortality, Migration Studies, Population Policy in India |
| BAEC-503 | Project / Dissertation / Internship (परियोजना / लघु शोध प्रबंध / इंटर्नशिप) | Project | 4 | Research Problem Identification, Literature Review, Methodology Design, Data Collection and Analysis, Report Writing |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-601A | Principles of Statistics (सांख्यिकी के सिद्धांत) | Core Elective (Choice A) | 4 | Data Collection and Tabulation, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis |
| BAEC-601B | Basic Econometrics (आधारभूत अर्थमिति) | Core Elective (Choice B) | 4 | Introduction to Econometrics, Simple Linear Regression Model, Multiple Regression Analysis, Hypothesis Testing, Using Econometric Software |
| BAEC-602A | Mathematical Economics (गणितीय अर्थशास्त्र) | Core Elective (Choice A) | 4 | Basic Calculus for Economics, Matrix Algebra in Economics, Optimization Techniques, Consumer Behavior with Mathematics, Production Theory with Mathematics |
| BAEC-602B | Agricultural Economics (कृषि अर्थशास्त्र) | Core Elective (Choice B) | 4 | Role of Agriculture in Indian Economy, Agricultural Production and Productivity, Farm Management, Agricultural Marketing and Finance, Agricultural Policies in India |
| BAEC-603 | Project / Dissertation / Internship (परियोजना / लघु शोध प्रबंध / इंटर्नशिप) | Project | 4 | Refining Research Findings, Data Interpretation and Discussion, Drawing Conclusions and Recommendations, Final Report Submission, Viva Voce Examination |
