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BACHELOR-OF-ARTS in Economics at B.M.S. College for Women
Bengaluru, Karnataka
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About the Specialization
What is Economics at B.M.S. College for Women Bengaluru?
This Bachelor of Arts in Economics program at B.M.S. College for Women focuses on equipping students with a robust understanding of economic principles, analytical tools, and their application to real-world scenarios. The curriculum, aligned with the National Education Policy (NEP) 2020, emphasizes quantitative skills and policy analysis, preparing graduates for diverse roles in India''''s dynamic economy, particularly in areas like financial services, public administration, and research. It aims to develop critical thinking and problem-solving abilities essential for understanding market dynamics and policy impacts.
Who Should Apply?
This program is ideal for high school graduates with a keen interest in understanding societal and market mechanisms, public policy, and global economic trends. It attracts students aspiring for careers in banking, civil services, data analytics, and economic research. Furthermore, it suits individuals who enjoy analytical thinking, possess strong quantitative aptitude, and are eager to contribute to India''''s economic development through informed decision-making.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding career paths in India, including roles as economic analysts in financial institutions, research associates in think tanks, data analysts, or competitive exam aspirants for UPSC, RBI, and IES. Entry-level salaries typically range from INR 3 LPA to 6 LPA, with significant growth potential for experienced professionals. The analytical and quantitative skills acquired are highly valued, offering strong foundations for further studies in economics, finance, or business administration.
Student Success Practices
Foundation Stage
Master Core Economic Concepts- (Semester 1-2)
Focus on building a strong foundation in microeconomics and macroeconomics during the first two semesters. Regularly review basic theories of demand, supply, national income, and market structures. Utilize textbooks, online resources like Khan Academy, and peer study groups to clarify doubts and deepen understanding.
Tools & Resources
Textbooks, Khan Academy, Investopedia, Peer study groups
Career Connection
A solid grasp of fundamentals is crucial for advanced subjects and competitive exams, providing the analytical bedrock for all future economic roles.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Actively engage with mathematics and statistics for economics from the outset. Practice problem-solving rigorously. Attend workshops on basic statistical software or Excel for data handling. This helps in interpreting economic data and applying models.
Tools & Resources
Mathematics for Economists by Alpha C. Chiang, Excel tutorials, BCU''''s quantitative techniques courses
Career Connection
These skills are indispensable for data analysis, research, and policy evaluation roles in finance, research, and government sectors.
Engage with Current Economic Affairs- (Semester 1-2)
Read reputable financial newspapers (e.g., The Economic Times, Business Standard) and listen to economic news (e.g., RBI press conferences, NITI Aayog reports). Connect theoretical concepts learned in class to real-world economic events and policies in India. Participate in college debates and discussions.
Tools & Resources
The Economic Times, Business Standard, Livemint, RBI Website, NITI Aayog publications
Career Connection
This practice enhances critical thinking and awareness, crucial for roles in policy analysis, economic journalism, and civil services.
Intermediate Stage
Enhance Software Proficiency for Economic Analysis- (Semester 3-5)
Beyond basic Excel, learn statistical software relevant to economics like R or Python for data manipulation, statistical inference, and econometric modeling. Many free online courses are available. Apply these tools to solve problem sets and analyze real economic datasets.
Tools & Resources
R-Studio, Python (Pandas, NumPy, Matplotlib), DataCamp, Coursera courses on R/Python for Data Science
Career Connection
Proficiency in these tools is a major advantage for roles in data analytics, market research, and quantitative finance, increasing employability in the Indian job market.
Undertake Mini-Projects and Case Studies- (Semester 3-5)
Actively participate in group projects or take up small independent research projects focusing on specific Indian economic issues (e.g., impact of GST, inflation trends). Analyze policies and their outcomes using economic theories. This provides hands-on application of knowledge.
Tools & Resources
Economic Survey of India, RBI Bulletins, Journals like EPW, research papers
Career Connection
Practical experience in research and analysis strengthens resumes for internships and entry-level positions in think tanks, research firms, and consulting.
Seek Internships and Industry Exposure- (Semester 4-6)
Actively search for summer internships at financial institutions, NGOs working on economic development, research organizations, or government departments. Even short-term projects offer invaluable practical insights and networking opportunities. Utilize college placement cells and online platforms like Internshala.
Tools & Resources
College Placement Cell, Internshala, LinkedIn, company career pages (e.g., banks, research firms)
Career Connection
Internships are crucial for gaining real-world experience, building professional networks, and often convert into pre-placement offers, significantly boosting career prospects.
Advanced Stage
Specialized Skill Development for Career Readiness- (Semester 6-8)
Deepen expertise in a chosen sub-field of economics such as econometrics, development economics, or public finance, possibly through advanced electives or online certifications. Focus on advanced statistical modeling, policy evaluation, or specific industry analysis relevant to your career goals.
Tools & Resources
NPTEL courses, MOOCs on advanced econometrics, specialized textbooks for chosen fields
Career Connection
Specialized skills make you a strong candidate for niche roles in research, policy analysis, and advanced data science, aligning with the increasing demand for specialized talent.
Intensive Preparation for Competitive Exams / Higher Studies- (Semester 6-8)
For those aspiring for civil services (UPSC), Indian Economic Service (IES), RBI Grade B, or postgraduate studies (MA Economics, MBA), start dedicated preparation. Join coaching classes if needed, solve previous year''''s papers, and focus on both general studies and economics-specific subjects.
Tools & Resources
UPSC/IES/RBI past papers, coaching institutes, university entrance exam guides
Career Connection
Targeted preparation is essential for cracking competitive exams or gaining admission to prestigious postgraduate programs, which often lead to high-impact careers.
Undertake a Comprehensive Research Project / Dissertation- (Semester 7-8)
For the Honours program, dedicate significant effort to the final research project or dissertation. Choose a topic with Indian relevance, conduct thorough research, apply advanced analytical methods, and present findings effectively. This capstone project showcases your cumulative learning and research capabilities.
Tools & Resources
Academic databases (JSTOR, Google Scholar), statistical software (Stata, EViews), university library resources
Career Connection
A well-executed dissertation is a powerful credential for research-oriented careers, academic pursuits, and demonstrates advanced problem-solving abilities to potential employers.
Program Structure and Curriculum
Eligibility:
- Pass in 10+2 / Pre-University Course / or equivalent examination from a recognized Board/University.
Duration: 3 years (6 semesters) for Basic BA, 4 years (8 semesters) for BA (Honours/Research)
Credits: 120 credits for Basic BA, 160 credits for BA (Honours/Research) Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC101T | Principles of Microeconomics - I | Discipline Specific Core (DSC) | 4 | Introduction to Economics, Consumer Behaviour and Demand, Production and Costs, Market Structures, Factor Pricing |
| AECC1.1 | English Language | Ability Enhancement Compulsory Course (AECC) | 2 | Language Skills, Grammar and Usage, Reading Comprehension, Written Communication, Vocabulary Building |
| MIL1.1 | Modern Indian Language (Kannada/Hindi/Sanskrit/etc.) | Modern Indian Language (MIL) | 2 | Language Grammar, Literature Appreciation, Basic Communication, Cultural Context, Writing Skills |
| VAC1.1 | Value Added Course | Value Added Course (VAC) | 2 | Moral and Ethical Values, Environmental Awareness, Civic Responsibility, Cultural Heritage, Life Skills |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC201T | Principles of Microeconomics - II | Discipline Specific Core (DSC) | 4 | Welfare Economics, General Equilibrium, Risk and Uncertainty, Asymmetric Information, Market Failure |
| BAEC202T | Indian Economy - I | Discipline Specific Core (DSC) | 4 | Structure of Indian Economy, Economic Planning in India, Agriculture Sector, Industrial Sector, Poverty and Unemployment |
| AECC2.1 | English Language | Ability Enhancement Compulsory Course (AECC) | 2 | Advanced Grammar, Professional Communication, Report Writing, Presentation Skills, Critical Reading |
| MIL2.1 | Modern Indian Language (Kannada/Hindi/Sanskrit/etc.) | Modern Indian Language (MIL) | 2 | Literary Forms, Classical Texts, Advanced Writing, Discourse Analysis, Translation Skills |
| SEC2.1 | Skill Enhancement Course (e.g., Digital Fluency) | Skill Enhancement Course (SEC) | 2 | Basic Computer Skills, Internet and Web Technologies, Office Productivity Tools, Data Security, Digital Citizenship |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC301T | Principles of Macroeconomics - I | Discipline Specific Core (DSC) | 4 | National Income Accounting, Classical Theory of Employment, Keynesian Theory of Employment, Consumption and Investment Functions, IS-LM Model |
| BAEC302T | Quantitative Techniques for Economics - I | Discipline Specific Core (DSC) | 4 | Basic Mathematics for Economics, Calculus in Economics, Matrix Algebra, Linear Programming, Differential Equations |
| SEC3.1 | Skill Enhancement Course (e.g., Spoken English) | Skill Enhancement Course (SEC) | 2 | Phonetics and Pronunciation, Public Speaking, Group Discussion Skills, Presentation Techniques, Interpersonal Communication |
| OE3.1 | Open Elective - I | Open Elective (OE) | 3 | Interdisciplinary concepts, Basic principles of chosen field, Applications, Societal relevance, Emerging trends |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC401T | Principles of Macroeconomics - II | Discipline Specific Core (DSC) | 4 | Inflation and Deflation, Business Cycles, Monetary Policy, Fiscal Policy, Open Economy Macroeconomics |
| BAEC402T | Quantitative Techniques for Economics - II | Discipline Specific Core (DSC) | 4 | Descriptive Statistics, Probability Theory, Sampling Methods, Hypothesis Testing, Regression Analysis |
| SEC4.1 | Skill Enhancement Course (e.g., Data Analytics with Excel) | Skill Enhancement Course (SEC) | 2 | Data Visualization, Spreadsheet Functions, Statistical Tools in Excel, Pivot Tables, Data Analysis Expressions |
| OE4.1 | Open Elective - II | Open Elective (OE) | 3 | Foundational concepts, Practical applications, Problem-solving approaches, Case studies, Contemporary issues |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC501T | Development Economics - I | Discipline Specific Core (DSC) | 4 | Theories of Economic Development, Characteristics of Developing Economies, Poverty and Inequality, Population and Human Capital, Role of State and Market |
| BAEC502T | Public Finance - I | Discipline Specific Core (DSC) | 4 | Role of Government in the Economy, Public Goods and Externalities, Taxation Principles, Public Expenditure, Budgeting |
| BAEC503T | International Economics - I | Discipline Specific Core (DSC) | 4 | Theories of International Trade, Terms of Trade, Trade Policy Instruments, Balance of Payments, Foreign Exchange Market |
| SEC5.1 | Skill Enhancement Course (e.g., Research Methodology for Social Sciences) | Skill Enhancement Course (SEC) | 2 | Research Design, Data Collection Methods, Sampling Techniques, Report Writing, Ethical Considerations |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC601T | Development Economics - II | Discipline Specific Core (DSC) | 4 | International Aid and Debt, Trade and Development, Sustainable Development Goals, Microfinance and Rural Development, Environmental Economics |
| BAEC602T | Public Finance - II | Discipline Specific Core (DSC) | 4 | Fiscal Federalism in India, Public Debt Management, Fiscal Policy and Stabilization, Goods and Services Tax (GST), Budgetary Reforms in India |
| BAEC603T | International Economics - II | Discipline Specific Core (DSC) | 4 | Exchange Rate Regimes, International Financial Institutions, Capital Mobility, Regional Economic Integration, Globalization and India |
| BAEC604PR | Project Work / Internship | Project / Internship | 3 | Problem Identification, Literature Review, Methodology Design, Data Analysis, Report Writing |
Semester 7
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC701T | Advanced Microeconomics | Discipline Specific Core (DSC) for Honours | 4 | Game Theory, Information Economics, Welfare Theorems, Choice Under Uncertainty, Behavioral Economics |
| BAEC702T | Advanced Macroeconomics | Discipline Specific Core (DSC) for Honours | 4 | Theories of Growth, Dynamic Stochastic General Equilibrium, New Keynesian Economics, Monetary and Fiscal Policy Debates, Rational Expectations |
| BAEC703T | Econometrics - I | Discipline Specific Core (DSC) for Honours | 4 | Classical Linear Regression Model, Violations of Assumptions, Dummy Variables, Panel Data Basics, Time Series Fundamentals |
| BAEC704E | Discipline Specific Elective (DSE) - I | Discipline Specific Elective (DSE) for Honours | 3 | Chosen specialized area, Advanced theories, Empirical studies, Policy implications, Current research |
Semester 8
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC801T | Indian Economic Policy | Discipline Specific Core (DSC) for Honours | 4 | Economic Reforms in India, Monetary and Fiscal Policy in India, External Sector Reforms, Sectoral Policies (Agriculture, Industry, Services), Challenges for Indian Economy |
| BAEC802T | Econometrics - II | Discipline Specific Core (DSC) for Honours | 4 | Advanced Time Series Models, Limited Dependent Variable Models, Simultaneous Equation Models, Instrumental Variables, Applied Econometrics |
| BAEC803E | Discipline Specific Elective (DSE) - II | Discipline Specific Elective (DSE) for Honours | 3 | Specific sub-field of Economics, Advanced theoretical frameworks, Methodological approaches, Policy case studies, Emerging research trends |
| BAEC804PR | Research Project / Dissertation | Project / Research | 5 | Topic Selection, Extensive Literature Review, Primary/Secondary Data Collection, Advanced Data Analysis, Thesis Writing and Defense |
