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M-A in Economics at Ayya Nadar Janaki Ammal College
Virudhunagar, Tamil Nadu
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About the Specialization
What is Economics at Ayya Nadar Janaki Ammal College Virudhunagar?
This M.A. Economics program at Ayya Nadar Janaki Ammal College focuses on equipping students with advanced theoretical knowledge and robust quantitative skills essential for economic analysis. The curriculum is designed to address contemporary economic challenges specific to India, fostering a deep understanding of policy implications and real-world applications across various sectors within the Indian economy.
Who Should Apply?
This program is ideal for fresh graduates holding a Bachelor''''s degree in Economics, Commerce, or quantitative fields seeking to delve deeper into economic theory and its practical applications. it also caters to aspiring researchers, policy analysts, and individuals aiming for roles in financial services, data analytics, or government sectors within India, who require a strong foundation in economic principles.
Why Choose This Course?
Graduates of this program can expect to develop strong analytical and econometric skills, preparing them for diverse career paths in India. Opportunities abound in government organizations like RBI, NITI Aayog, or state planning commissions, as well as in research institutions, banking, and data science roles. Entry-level salaries typically range from INR 3-6 LPA, with experienced professionals commanding INR 8-15+ LPA, reflecting significant growth trajectories in Indian companies.
Student Success Practices
Foundation Stage
Master Quantitative Fundamentals- (Semester 1-2)
Dedicate consistent time to practice advanced mathematics, statistics, and introductory econometrics. Utilize textbooks, online platforms like NPTEL or Khan Academy, and solve problem sets regularly to build a strong analytical foundation crucial for higher-level courses.
Tools & Resources
NPTEL courses, Khan Academy (Advanced Math/Stats), Standard Economics Textbooks
Career Connection
Strong quantitative skills are fundamental for roles in data analysis, economic modeling, and research, directly enhancing employability in analytical positions in India.
Active Learning and Discussion Forums- (Semester 1-2)
Engage actively in classroom discussions, form study groups with peers, and participate in departmental seminars or workshops. Present on current economic issues to enhance critical thinking and communication skills.
Tools & Resources
Departmental seminars, Peer study groups, Economic Times/Business Standard articles
Career Connection
Improved communication and analytical debate skills are highly valued in policy analysis, consulting, and academic roles within India''''s dynamic economic landscape.
Develop Software Proficiency Early- (Semester 1-2)
Gain hands-on proficiency in MS Excel for data management and visualization, alongside introductory statistical software like R, Python, EViews, or SPSS. Focus on understanding data import, basic functions, and generating descriptive statistics.
Tools & Resources
MS Excel, R/Python (basic libraries), EViews/SPSS tutorials
Career Connection
Software skills are indispensable for almost all modern economics roles, from market research to policy evaluation, making graduates more job-ready in the Indian market.
Intermediate Stage
Engage in Applied Research and Project Work- (Semester 3-4)
Actively participate in the project work components, selecting a research topic relevant to contemporary Indian economic challenges. Focus on applying theoretical knowledge and econometric techniques to real-world data, leading to a well-structured research report.
Tools & Resources
NSSO data, RBI data, CMIE database (if accessible), Academic journals
Career Connection
Develops practical research experience, crucial for roles in economic research institutions, think tanks, and PhD programs, particularly those focused on Indian policy.
Seek Internships and Industry Exposure- (Semester 3-4)
Actively seek short-term internships with local banks, financial institutions, research firms, government departments (e.g., state planning bodies), or NGOs focusing on economic development to gain practical industry exposure and network with professionals.
Tools & Resources
College placement cell, LinkedIn, Internshala, Direct company applications
Career Connection
Internships provide invaluable real-world experience, bridge the gap between academia and industry, and often lead to pre-placement offers in Indian companies and public sector organizations.
Specialized Skill Development & Exam Preparation- (Semester 3-4)
Deepen understanding in chosen elective subjects (e.g., Health Economics, Financial Economics). Simultaneously, begin preparation for competitive examinations like UPSC Civil Services (Indian Economic Service), RBI Grade B, NET/SET, or entrance exams for Ph.D. programs, leveraging the program''''s strong theoretical base.
Tools & Resources
Specialized textbooks, Previous year question papers, Coaching institutes (if opted), Online mock tests
Career Connection
Targeted preparation opens doors to highly competitive government jobs, central bank roles, academic positions, and advanced research opportunities across India.
Advanced Stage
Program Structure and Curriculum
Eligibility:
- A candidate who has passed B.A. Degree Examination in Economics / Business Economics / Rural Development / B.Com. / BBA / BBM / B.Sc. Mathematics / B.Sc. Statistics / B.Sc. Computer Science / B.Sc. IT (at least one paper in Economics) in Madurai Kamaraj University or an Examination of other University accepted by the Syndicate as equivalent thereto shall be eligible for admission to M.A. Economics Course.
Duration: 2 years (4 semesters)
Credits: 90 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| P23ECC11 | ADVANCED MICRO ECONOMICS – I | Core | 4 | Consumer Behaviour Analysis, Production Theory, Cost and Revenue Analysis, Market Structures, Welfare Economics |
| P23ECC12 | MACRO ECONOMICS – I | Core | 4 | National Income Accounting, Classical and Keynesian Theories, Consumption and Investment Functions, Money Demand and Supply, Inflation and Unemployment |
| P23ECC13 | INDIAN ECONOMIC DEVELOPMENT AND POLICY | Core | 4 | Economic Growth in India, Sectoral Performance, Poverty and Inequality, Economic Reforms, Development Issues |
| P23ECC14 | QUANTITATIVE METHODS FOR ECONOMICS | Core | 4 | Matrix Algebra, Calculus for Economists, Differential Equations, Optimization Techniques, Input-Output Analysis |
| P23ECPR11 | ENTREPRENEURIAL DEVELOPMENT | Professional Course | 4 | Entrepreneurship Concepts, Business Plan Development, Sources of Funding, Marketing Strategies, Legal and Regulatory Framework |
| P23ECCP11 | COMPUTER APPLICATIONS IN ECONOMICS | Core Practical | 4 | MS Excel for Data Analysis, Statistical Software Basics, Data Visualization, Economic Modeling, Internet for Research |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| P23ECC21 | ADVANCED MICRO ECONOMICS – II | Core | 4 | General Equilibrium Theory, Welfare Economics Applications, Game Theory, Asymmetric Information, Public Goods |
| P23ECC22 | MACRO ECONOMICS – II | Core | 4 | Monetary and Fiscal Policy, Open Economy Macroeconomics, Exchange Rate Regimes, Balance of Payments, Economic Growth Models |
| P23ECC23 | RESEARCH METHODOLOGY AND STATISTICS | Core | 4 | Research Design, Data Collection Methods, Sampling Techniques, Hypothesis Testing, Regression Analysis |
| P23ECC24 | ECONOMETRICS | Core | 4 | Classical Linear Regression Model, Violations of Assumptions, Dummy Variables, Time Series Analysis, Panel Data Introduction |
| P23ECPR21 | INDUSTRIAL ECONOMICS | Professional Course | 4 | Industrial Structure and Conduct, Market Concentration and Performance, Industrial Policy in India, Small Scale Industries, Industrial Finance |
| P23ECCP21 | STATISTICAL AND ECONOMETRIC SOFTWARE | Core Practical | 4 | Introduction to E-Views and SPSS, Data Management and Manipulation, Regression Analysis using Software, Hypothesis Testing with Software, Time Series Analysis (basic) |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| P23ECC31 | INTERNATIONAL ECONOMICS | Core | 4 | Theories of International Trade, Trade Policy Instruments, Balance of Payments, Exchange Rate Systems, International Financial Institutions |
| P23ECC32 | PUBLIC ECONOMICS | Core | 4 | Public Goods and Externalities, Public Revenue and Taxation, Public Expenditure, Fiscal Policy and Debt, Budgeting and Fiscal Federalism |
| P23ECC33 | DEVELOPMENT ECONOMICS | Core | 4 | Theories of Economic Development, Poverty, Inequality, and Growth, Human Capital and Health, Population and Development, Sustainable Development Goals |
| P23ECE31:1 | HEALTH ECONOMICS | Elective I (Option 1 of 3) | 3 | Demand for Health and Health Care, Health Care Markets and Systems, Health Insurance and Financing, Economic Evaluation in Health, Pharmaceutical Industry Economics |
| P23ECE31:2 | GENDER ECONOMICS | Elective I (Option 2 of 3) | 3 | Gender and Economic Development, Gender in Labour Markets, Gender and Education, Gender and Health, Policy Implications for Gender Equity |
| P23ECE31:3 | AGRICULTURAL ECONOMICS | Elective I (Option 3 of 3) | 3 | Agricultural Production Economics, Agricultural Marketing, Agricultural Price Policy, Rural Credit and Finance, Agricultural Development and Policy |
| P23ECR31 | RURAL DEVELOPMENT | Skill Based Elective | 3 | Concepts of Rural Poverty, Rural Employment Programs, Rural Infrastructure Development, Microfinance and Self-Help Groups, Government Schemes for Rural Development |
| P23ECPW31 | PROJECT WORK AND VIVA VOCE | Project Work | 3 | Research Problem Identification, Literature Review, Methodology and Data Collection, Data Analysis and Interpretation, Report Writing and Presentation |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| P23ECC41 | ENVIRONMENTAL ECONOMICS | Core | 4 | Environmental Externalities, Valuation of Environmental Goods, Environmental Policy Instruments, Economics of Climate Change, Sustainable Development Strategies |
| P23ECC42 | BEHAVIOURAL ECONOMICS | Core | 4 | Heuristics and Cognitive Biases, Prospect Theory, Intertemporal Choice, Nudge Theory and Policy, Behavioural Finance |
| P23ECE41:1 | HUMAN RESOURCE DEVELOPMENT | Elective II (Option 1 of 3) | 3 | HR Planning and Job Analysis, Recruitment and Selection, Training and Development, Performance Management, Compensation and Benefits |
| P23ECE41:2 | FINANCIAL ECONOMICS | Elective II (Option 2 of 3) | 3 | Financial Markets and Instruments, Asset Pricing Models, Risk and Return, Derivatives Markets, Corporate Finance Decisions |
| P23ECE41:3 | URBAN ECONOMICS | Elective II (Option 3 of 3) | 3 | Urban Growth and Agglomeration, Urban Land Use and Housing Markets, Urban Transportation Economics, Environmental Issues in Urban Areas, Urban Planning and Policy |
| P23ECS41 | CONTEMPORARY ECONOMIC ISSUES | Skill Based Elective | 3 | Demonetisation and its Impact, Goods and Services Tax (GST), Growth of Digital Economy, Agricultural Reforms and Farm Laws, Impact of Globalization on India |
| P23ECPW41 | PROJECT WORK AND VIVA VOCE | Project Work | 3 | Advanced Research Application, Statistical and Econometric Interpretation, Policy Recommendation Formulation, Scholarly Writing and Editing, Final Dissertation Defense |
