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MA in Economics at Bharatiya Mahavidyalaya
Auraiya, Uttar Pradesh
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About the Specialization
What is Economics at Bharatiya Mahavidyalaya Auraiya?
This MA Economics program at Bharatiya Mahavidyalaya, Auraiya, focuses on providing a deep understanding of economic theories and their real-world applications. The curriculum emphasizes both micro and macroeconomic principles, quantitative methods, and Indian economic policy, preparing students for analytical roles. It aims to equip graduates with the skills necessary to analyze complex economic issues, particularly within the context of India''''s developing economy and global interactions.
Who Should Apply?
This program is ideal for fresh graduates holding a Bachelor''''s degree with Economics seeking advanced knowledge and a career in economic analysis. It also caters to working professionals in related fields looking to enhance their analytical capabilities and move into more specialized economic roles. Individuals passionate about public policy, research, or academia, and those aspiring to contribute to India''''s economic growth, will find this program highly suitable.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, researchers, policy advisors, and consultants. Potential employers include government ministries, think tanks, financial institutions, and multinational corporations. Entry-level salaries typically range from INR 3-6 lakhs per annum, with significant growth potential reaching INR 10-20+ lakhs for experienced professionals in strategic economic roles. The program also aligns with preparations for UPSC, RBI, and other competitive examinations.
Student Success Practices
Foundation Stage
Master Core Economic Theories- (Semester 1-2)
Focus on building a strong conceptual foundation in microeconomics, macroeconomics, public economics, and quantitative methods. Regularly attend lectures, engage in class discussions, and solve problem sets to reinforce learning.
Tools & Resources
Standard textbooks (e.g., Mankiw, Pindyck, H.L. Ahuja), Online platforms like NPTEL for supplementary lectures, Study groups with peers
Career Connection
A solid theoretical base is critical for cracking interviews for analytical roles and for understanding advanced topics in later semesters, forming the bedrock of economic expertise.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Dedicate significant time to understanding and practicing quantitative methods, including mathematics for economists and basic statistics. Actively work through numerical problems and use statistical software if introduced.
Tools & Resources
Excel, R (basic level for data handling), Khan Academy for math refreshers, Practice problems from textbooks like A.C. Chiang
Career Connection
Strong quantitative skills are highly valued in virtually all economic roles, from research to financial analysis, and are essential for success in advanced econometrics courses.
Engage with Indian Economic Debates- (Semester 1-2)
Start reading economic newspapers (e.g., The Economic Times, Business Standard), magazines, and reputable online portals to understand contemporary Indian economic issues. Participate in college debates or discussions on current economic events.
Tools & Resources
Livemint, The Hindu BusinessLine, RBI publications, NITI Aayog reports, Economic podcasts
Career Connection
This provides crucial context to theoretical learning, improves general awareness for competitive exams, and helps identify areas of interest for future specialization or research relevant to India.
Intermediate Stage
Advanced Stage
Specialize through Electives and Econometrics Application- (Semester 3-4)
Thoughtfully choose optional papers based on career interests, diving deep into specialized fields like Agricultural, Industrial, or Environmental Economics. Actively apply econometric techniques to real economic data using statistical software.
Tools & Resources
Specialized textbooks for chosen electives, Advanced econometrics software (e.g., Stata, EViews, R), Online datasets (e.g., World Bank, RBI, MOSPI)
Career Connection
Demonstrating practical econometric skills and specialized knowledge is crucial for securing roles in economic research, data analysis, and policy formulation within specific sectors.
Undertake a Comprehensive Project/Dissertation- (Semester 4)
Select a relevant research topic, preferably with an India-specific focus, and meticulously complete the project/dissertation. This involves a thorough literature review, data collection, rigorous analysis, and professional report writing.
Tools & Resources
Academic journals (JSTOR, Google Scholar), Statistical software for analysis, University library resources, Guidance from faculty advisors
Career Connection
A well-executed project showcases independent research capability, critical thinking, and problem-solving skills, significantly boosting employability and academic profile for research-oriented roles.
Network and Prepare for Placements/Higher Studies- (Semester 3-4)
Actively attend workshops, seminars, and guest lectures to network with faculty, alumni, and industry professionals. Prepare a strong resume/CV, practice interview skills, and explore options for further studies like PhD or MPhil.
Tools & Resources
LinkedIn, Career counseling services, Mock interview sessions, University placement cell, GRE/GMAT/UGC NET preparation materials
Career Connection
Effective networking and placement preparation are vital for securing desirable job offers in various economic sectors or gaining admission to prestigious higher education programs in India and abroad.
Program Structure and Curriculum
Eligibility:
- Bachelor''''s degree (3 years) with Economics as a subject or B.A. (Honours) in Economics from a recognized university.
Duration: 2 years (4 semesters)
Credits: 62 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| P-101 | Micro Economics | Core | 4 | Consumer Behaviour, Production and Costs, Market Structures, Factor Pricing, Welfare Economics |
| P-102 | Macro Economics | Core | 4 | National Income, Theories of Employment and Money, Inflation, Business Cycles, Macroeconomic Policies |
| P-103 | Public Economics | Core | 4 | Public Goods, Taxation, Public Expenditure, Budgetary Policy, Fiscal Federalism |
| P-104 | Quantitative Methods for Economic Analysis | Core | 4 | Mathematics for Economists, Statistical Methods, Probability, Correlation, Regression |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| P-201 | Advanced Micro Economics | Core | 4 | Risk and Uncertainty, General Equilibrium, Game Theory, Information Economics, Externalities |
| P-202 | Advanced Macro Economics | Core | 4 | Consumption Theories, Investment Theories, Neo-classical and New-Keynesian Macroeconomics, Open Economy Macroeconomics, Growth Models |
| P-203 | Economics of Growth and Development | Core | 4 | Theories of Economic Development, Dualism, Poverty and Inequality, Human Capital, Sustainable Development |
| P-204 | Indian Economy and Economic Policy | Core | 4 | Structure of Indian Economy, Planning in India, Agriculture, Industry, Economic Reforms |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| P-301 | International Economics | Core | 4 | Theories of International Trade, Terms of Trade, Trade Policy, Balance of Payments, Exchange Rates |
| P-302 | Econometrics | Core | 4 | Classical Linear Regression Model, Violations of Assumptions, Time Series Analysis, Panel Data Models, Forecasting Techniques |
| P-303 | Optional Paper I (Elective) | Elective | 4 | Agricultural Development, Farm Management, Agricultural Marketing, Rural Credit, Agricultural Price Policy |
| P-304 | Optional Paper II (Elective) | Elective | 4 | Industrial Development, Market Structure and Performance, Industrial Finance, Industrial Policies, Small Scale Industries |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| P-401 | Optional Paper III (Elective) | Elective | 4 | Environmental Problems, Valuation of Environmental Goods, Environmental Policies, Climate Change Economics, Sustainable Development Goals |
| P-402 | Optional Paper IV (Elective) | Elective | 4 | Financial System, Money Market, Capital Market, Banking, Financial Reforms |
| P-403 | Project/Dissertation | Project | 4 | Research Methodology, Data Collection Methods, Data Analysis Techniques, Report Writing, Academic Presentation |
| P-404 | Viva-Voce | Evaluation | 2 | Oral Examination of Project, General Economic Knowledge, Defense of Research Findings, Clarity of Economic Concepts |
