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BSC in Economics at Acharya Jagadish Chandra Bose College
Kolkata, West Bengal
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About the Specialization
What is Economics at Acharya Jagadish Chandra Bose College Kolkata?
This BSc Economics Honours program at Acharya Jagadish Chandra Bose College offers rigorous analytical and quantitative training, adhering to the University of Calcutta''''s CBCS curriculum. It provides a foundational understanding of core economic principles, theories, and their practical applications within the Indian economic context. Students gain in-depth knowledge of microeconomics, macroeconomics, econometrics, and development economics, preparing them for diverse roles in India’s dynamic economic landscape.
Who Should Apply?
This program is ideal for high school graduates with strong analytical and quantitative skills, aspiring to understand and analyze economic phenomena. It suits fresh graduates seeking entry-level positions in research, analytics, or finance sectors. Furthermore, it benefits those aiming for higher studies in economics, management, or public policy, providing a robust theoretical and empirical base essential for academic and professional advancement.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding careers as economic analysts, data scientists, research assistants, or financial consultants across various industries in India. Entry-level salaries typically range from INR 3-6 lakhs annually, with significant growth potential in leading Indian banks, consulting firms, and government organizations like NITI Aayog. The program also serves as an excellent foundation for competitive exams such as UPSC and RBI Grade B.
Student Success Practices
Foundation Stage
Master Core Economic Concepts with Practical Examples- (Semester 1-2)
Focus on thoroughly understanding foundational micro and macroeconomics. Utilize online resources like NPTEL courses, Khan Academy, and ''''Basic Economics'''' by Thomas Sowell for clear explanations. Connect theoretical concepts to daily news and Indian economic policies (e.g., inflation trends, budget allocations). This builds a strong analytical base crucial for advanced courses and future policy analysis roles.
Tools & Resources
NPTEL, Khan Academy, H.L. Ahuja textbooks, NCERT Economics
Career Connection
Develops foundational understanding essential for all economic roles and higher studies.
Develop Strong Quantitative Skills Early- (Semester 1-2)
Reinforce mathematical and statistical concepts parallel to economics courses. Practice problems diligently from textbooks and online platforms. Join peer study groups to collaboratively solve complex problems. This is critical for success in econometrics, statistical methods, and highly sought-after data analysis roles in India''''s job market.
Tools & Resources
Mathematics for Economists by Alpha C. Chiang, Statista, Peer Study Groups
Career Connection
Enhances problem-solving abilities and prepares for quantitative roles in finance and data analytics.
Actively Engage in Departmental Activities- (Semester 1-2)
Participate in seminars, workshops, and departmental quizzes organized by the college or university. Attend guest lectures by industry experts and economists. This fosters networking opportunities, exposes students to real-world economic challenges, and helps build a profile for competitive internships and future job applications in diverse fields.
Tools & Resources
College/University event calendars, Department notice boards
Career Connection
Builds professional network and provides exposure to current economic trends and career paths.
Intermediate Stage
Cultivate Data Analysis and Econometric Software Proficiency- (Semester 3-5)
Dedicate time to learning statistical software like R, Python (Pandas/Numpy), or EViews, aligning with the ''''Statistical Methods for Economics'''' and ''''Introductory Econometrics'''' papers. Utilize platforms like Coursera, DataCamp, or NPTEL for certified courses. This directly enhances employability for roles in business analytics, data science, and economic research in India.
Tools & Resources
R/Python (Jupyter Notebooks), EViews, Coursera, DataCamp, NPTEL
Career Connection
Acquires in-demand skills for data scientist, business analyst, and research associate roles.
Seek Relevant Internship Experiences- (Semester 3-5)
Actively look for summer internships with research organizations, NGOs, financial institutions, or startups focusing on economic analysis. Leverage college placement cells, LinkedIn, and platforms like Internshala for opportunities in Kolkata or other major Indian cities. Practical exposure validates theoretical knowledge and provides valuable networking for future placements.
Tools & Resources
Internshala, LinkedIn, College Placement Cell, Naukri.com
Career Connection
Gains practical industry experience, builds professional network, and strengthens resume for placements.
Participate in Economic Competitions and Research Projects- (Semester 3-5)
Engage in inter-college economic quizzes, essay competitions, or debate clubs. Propose small research projects under faculty guidance, focusing on contemporary Indian economic issues (e.g., impact of GST, regional disparity analysis). This develops critical thinking, research acumen, and presentation skills, distinguishing you in the competitive Indian job market.
Tools & Resources
Research databases (JSTOR, EconLit), Academic Journals, College Research Cells
Career Connection
Develops research and analytical skills, crucial for higher studies and think-tank roles.
Advanced Stage
Focus on Specialization and Advanced Skill Refinement- (Semester 6)
Deep dive into chosen Discipline Specific Electives (DSEs) like Financial Economics or International Economics. Work on advanced projects using econometric techniques and current economic data. Utilize specialized textbooks and research papers. This mastery provides a competitive edge for niche roles and prepares students for postgraduate studies in their chosen area.
Tools & Resources
Specialized Textbooks, Research Papers, RBI Database, CMIE Prowess
Career Connection
Develops expertise in a specialized economic field, enhancing prospects for targeted roles and advanced degrees.
Intensive Placement Preparation- (Semester 6)
Begin rigorous preparation for job interviews, group discussions, and aptitude tests. Leverage college career services for mock interviews, resume building workshops, and alumni networking sessions. Focus on roles in banking, financial services, consulting, and analytics, which are prominent for Economics graduates in India.
Tools & Resources
College Career Services, Mock Interview Platforms, Online Aptitude Tests
Career Connection
Secures successful placements in reputable companies and organizations.
Explore Higher Education and Civil Service Pathways- (Semester 6)
Research postgraduate programs (MA Economics, MBA) in India and abroad, preparing for entrance exams like NET, GATE (for certain related subjects), or GRE/GMAT. For those eyeing civil services, integrate UPSC/RBI exam preparation early, utilizing economics as a strong optional subject. This broadens career horizons beyond immediate placements.
Tools & Resources
University Websites, Exam Coaching Institutes, UPSC/RBI Study Materials
Career Connection
Provides pathways to academic careers, leadership roles in government, or advanced corporate positions.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 3 years (6 semesters)
Credits: 140 Credits
Assessment: Internal: Approximately 33-40% (varies by course type), External: Approximately 60-67% (varies by course type)
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECOA CC 01 TH | Introductory Microeconomics | Core | 6 | Introduction to Economics, Consumer Behavior, Theory of Production and Cost, Market Structures (Perfect Competition), General Equilibrium and Welfare Economics |
| ECOA CC 02 TH | Introductory Macroeconomics | Core | 6 | Introduction to Macroeconomics, National Income Accounting, Classical and Keynesian Systems, Money, Inflation and Unemployment, Open Economy Macroeconomics |
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Multidisciplinary Nature of Environmental Studies, Ecosystems, Biodiversity and Conservation, Environmental Pollution, Social Issues and the Environment |
| GE-1 | Generic Elective - 1 (from other disciplines) | Generic Elective | 6 |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECOA CC 03 TH | Intermediate Microeconomics I | Core | 6 | Consumer Theory (Choice, Demand), Producer Theory (Production Functions, Cost Functions), Market Structure (Monopoly, Oligopoly), Factor Markets |
| ECOA CC 04 TH | Intermediate Macroeconomics I | Core | 6 | IS-LM Model, Aggregate Demand and Supply, Inflation, Unemployment, Open Economy Macroeconomics |
| AECC-2 | English Communication / Modern Indian Language (MIL) | Ability Enhancement Compulsory Course | 2 | Language of Communication, Writing Skills, Presentation Skills, Group Discussion, Oral Communication |
| GE-2 | Generic Elective - 2 (from other disciplines) | Generic Elective | 6 |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECOA CC 05 TH | Intermediate Microeconomics II | Core | 6 | Welfare Economics, General Equilibrium, Market Failures, Externalities and Public Goods, Asymmetric Information |
| ECOA CC 06 TH | Intermediate Macroeconomics II | Core | 6 | Economic Growth Models (Solow, Harrod-Domar), Business Cycles, Macroeconomic Policy (Fiscal, Monetary), Rational Expectations |
| ECOA CC 07 TH | Statistical Methods for Economics | Core | 6 | Probability Theory, Random Variables and Distributions, Sampling and Estimation, Hypothesis Testing, Correlation and Regression Analysis |
| ECOA SEC A1 TH | Skill Enhancement Course (e.g., Data Analysis) | Skill Enhancement Course | 2 | Types of Data and Sources, Data Collection Methods, Measures of Central Tendency and Dispersion, Index Numbers, Time Series Analysis |
| GE-3 | Generic Elective - 3 (from other disciplines) | Generic Elective | 6 |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECOA CC 08 TH | Introductory Econometrics | Core | 6 | Simple Linear Regression Model, Multiple Regression Analysis, Violations of Classical Assumptions, Dummy Variables, Qualitative Response Regression Models |
| ECOA CC 09 TH | Indian Economy I | Core | 6 | Economic Development Since Independence, Planning in India, Agriculture Sector and Policy, Industrial Policy and Development, Poverty, Inequality and Employment |
| ECOA CC 10 TH | Mathematical Methods for Economics I | Core | 6 | Matrix Algebra, Functions of One Variable and Optimization, Integration, Differential Equations, Difference Equations |
| ECOA SEC B1 TH | Skill Enhancement Course (e.g., Econometric Software) | Skill Enhancement Course | 2 | Introduction to Statistical Packages (EViews/R/Stata), Data Input and Management, Simple and Multiple Regression in Software, Interpretation of Output, Report Generation |
| GE-4 | Generic Elective - 4 (from other disciplines) | Generic Elective | 6 |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECOA CC 11 TH | Indian Economy II | Core | 6 | Public Finance in India, Financial Sector Reforms, External Sector (Trade and Balance of Payments), Foreign Capital and FDI, Globalization and Economic Reforms |
| ECOA CC 12 TH | Development Economics I | Core | 6 | Economic Growth and Development Theories, Poverty and Inequality, Human Capital and Education, Agriculture and Rural Development, Role of Institutions |
| ECOA DSE A3 TH | Discipline Specific Elective - 1 (e.g., Environmental Economics) | Discipline Specific Elective | 6 | Environmental Problems and Market Failure, Valuation of Environmental Goods, Environmental Policy Instruments, Sustainable Development, Climate Change Economics |
| ECOA DSE A5 TH | Discipline Specific Elective - 2 (e.g., Public Economics) | Discipline Specific Elective | 6 | Role of Government in the Economy, Public Goods and Externalities, Taxation Principles and Incidence, Public Expenditure and Budgeting, Fiscal Federalism |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECOA CC 13 TH | Applied Econometrics | Core | 6 | Panel Data Models, Discrete Choice Models, Time Series Analysis and Forecasting, Simultaneous Equation Models, Program Evaluation |
| ECOA CC 14 TH | Development Economics II | Core | 6 | Population and Development, Health and Education, Microfinance and Rural Credit, International Aid and Development, Sustainable Development Goals |
| ECOA DSE A7 TH | Discipline Specific Elective - 3 (e.g., International Economics) | Discipline Specific Elective | 6 | Theories of International Trade (Ricardian, Heckscher-Ohlin), Trade Policy Instruments (Tariffs, Quotas), Balance of Payments, Exchange Rate Regimes, International Economic Institutions |
| ECOA DSE A6 TH | Discipline Specific Elective - 4 (e.g., Financial Economics) | Discipline Specific Elective | 6 | Financial Markets and Institutions, Asset Pricing Models (CAPM, APT), Portfolio Theory and Diversification, Derivatives (Futures, Options), Risk Management in Finance |
