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BA-HONORS in Economics at Borholla College
Jorhat, Assam
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About the Specialization
What is Economics at Borholla College Jorhat?
This Economics (Honors) program at Borholla College, affiliated with Dibrugarh University, focuses on providing a robust foundation in economic theories, quantitative methods, and policy analysis. The curriculum is designed to equip students with critical thinking skills to analyze complex economic issues, relevant to India''''s dynamic industrial and socio-economic landscape. It emphasizes both theoretical rigor and practical application.
Who Should Apply?
This program is ideal for high school graduates with a strong aptitude for analytical reasoning and a keen interest in societal and business issues. It attracts students aspiring for careers in research, policy-making, finance, and data analysis in India. Working professionals seeking to transition into economic roles or upskill in analytical domains could also benefit, though it''''s primarily designed for fresh graduates.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, data scientists, research associates, and consultants in government, private banks, think tanks, and NGOs. Entry-level salaries typically range from INR 3-6 lakhs per annum, with significant growth potential up to INR 10-15+ lakhs for experienced professionals. The analytical skills gained are highly valued across various Indian industries.
Student Success Practices
Foundation Stage
Master Core Economic Principles- (Semester 1-2)
Dedicating ample time to understand foundational microeconomic and macroeconomic theories, alongside basic mathematical and statistical methods. Focus on conceptual clarity through regular problem-solving and peer discussions.
Tools & Resources
NCERT Economics textbooks, Mankiw''''s Principles of Economics, Khan Academy Economics, Study groups
Career Connection
A strong grasp of fundamentals is crucial for advanced courses and forms the bedrock for analytical roles in any economic profession.
Develop Quantitative Aptitude Early- (Semester 1-2)
Regularly practice mathematical methods and statistical applications relevant to economics. Utilize online platforms for problem-solving to build a strong quantitative foundation necessary for econometrics and data analysis.
Tools & Resources
R.S. Aggarwal (Quantitative Aptitude), Sydsaeter & Hammond (Mathematics for Economists), MyStatLab, Swayam NPTEL courses
Career Connection
Quantitative skills are highly sought after in finance, data analytics, and economic consulting roles, enhancing employability.
Cultivate Effective Communication Skills- (Semester 1-2)
Actively participate in group presentations, debates, and report writing exercises. Focus on clearly articulating economic arguments both verbally and in writing, as economic ideas need to be effectively conveyed to diverse audiences.
Tools & Resources
Toastmasters International (local chapters), Online grammar/writing tools like Grammarly, College debate clubs
Career Connection
Essential for roles in policy advocacy, research, journalism, and any professional setting requiring client or stakeholder interaction.
Intermediate Stage
Engage in Applied Economic Research- (Semester 3-5)
Undertake small research projects or case studies, applying learned theories to real-world Indian economic problems. This could involve analyzing economic data from government reports or newspapers.
Tools & Resources
CMIE ProwessIQ (if college subscribes), RBI Publications, NITI Aayog reports, Economic Survey of India
Career Connection
Builds practical research experience, crucial for roles in economic research firms, government agencies, and higher studies.
Explore Data Analysis and Software- (Semester 3-5)
Begin learning statistical software like R, Python (Pandas, NumPy), or STATA for econometric analysis. Apply these tools to analyze economic datasets and visualize trends.
Tools & Resources
Coursera/edX courses on R/Python for Data Science, NPTEL courses on Econometrics with Software, Online tutorials for STATA/EViews
Career Connection
Develops highly marketable skills for roles as data analysts, business intelligence specialists, and quantitative researchers in India.
Network and Seek Mentorship- (Semester 3-5)
Attend economics seminars, webinars, and workshops organized by the department or other institutions. Connect with professors, alumni, and industry professionals to gain insights and explore career paths.
Tools & Resources
LinkedIn, Professional economic associations (e.g., Indian Economic Association), Alumni networks
Career Connection
Opens doors to internships, job referrals, and invaluable career guidance, significantly impacting placement prospects.
Advanced Stage
Specialize through Electives and Projects- (Semester 6)
Choose Discipline Specific Electives (DSEs) that align with career interests. Undertake a major research project or dissertation in a chosen area of specialization to demonstrate in-depth knowledge and analytical capabilities.
Tools & Resources
Academic journals (Indian Economic Review), Research databases, Mentorship from faculty on specific research topics
Career Connection
Showcases expertise for targeted job roles or competitive postgraduate programs, enhancing portfolio strength.
Intensive Placement and Interview Preparation- (Semester 6)
Actively participate in campus placement drives, mock interviews, and group discussions. Refine resume/CV, cover letter, and interview skills, focusing on quantitative aptitude, economic reasoning, and communication.
Tools & Resources
College career services, Online interview preparation platforms, Company-specific previous year''''s questions, Personal mock interview sessions
Career Connection
Directly enhances success rates in securing placements with leading Indian companies, banks, and analytics firms.
Explore Higher Education & Professional Certifications- (Semester 6)
Research options for Master''''s degrees in Economics, Finance, or Management in India or abroad. Consider relevant professional certifications like NISM (National Institute of Securities Markets) for finance roles or data science certifications.
Tools & Resources
UGC-NET/JRF exam materials, GRE/GMAT preparation resources, NISM certification modules, Online professional course providers
Career Connection
Provides a competitive edge for advanced career opportunities or entry into academia, fostering long-term professional growth.
Program Structure and Curriculum
Eligibility:
- Higher Secondary (10+2) or equivalent examination passed in Arts, Science or Commerce stream with English as one of the subjects from a recognized Board/Council.
Duration: 3 years (6 semesters)
Credits: 140 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Multidisciplinary Nature of Environmental Studies, Natural Resources and Associated Problems, Ecosystems, Biodiversity and its Conservation, Environmental Pollution, Social Issues and the Environment |
| ECO-HC-1016 | Introductory Microeconomics | Core Course | 6 | Basic Economic Problems and Concepts, Demand and Supply Analysis, Consumer Behavior (Utility and Indifference Curve), Production and Cost Theory, Market Structures (Perfect Competition, Monopoly), Factor Market and Income Distribution |
| ECO-HC-1026 | Mathematical Methods for Economics-I | Core Course | 6 | Preliminaries and Basic Algebra, Functions of One Real Variable, Limits, Continuity and Differentiation, Applications of Derivatives in Economics, Univariate Optimization, Introduction to Integration |
| GE-1 | Generic Elective - 1 (e.g., Principles of Microeconomics) | Generic Elective | 6 | Introduction to Economics and Economic Problems, Theory of Demand and Supply, Consumer Behavior, Production, Cost and Revenue, Market Structures, Factor Pricing |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-2 | English Communication | Ability Enhancement Compulsory Course | 2 | Theory of Communication, Reading Comprehension and Note-making, Paragraph and Essay Writing, Report Writing, Presentation Skills, Grammar and Vocabulary Building |
| ECO-HC-2036 | Introductory Macroeconomics | Core Course | 6 | Introduction to Macroeconomics, National Income Accounting, Determination of Output and Employment, Money and Banking, Inflation and Unemployment, Open Economy Macroeconomics |
| ECO-HC-2046 | Mathematical Methods for Economics-II | Core Course | 6 | Matrix Algebra, Determinants and Inverse Matrices, Systems of Linear Equations, Optimization with Constraints, Differential Equations in Economics, Difference Equations in Economics |
| GE-2 | Generic Elective - 2 (e.g., Principles of Macroeconomics) | Generic Elective | 6 | Introduction to Macroeconomics, National Income Determination, Money, Banking and Financial Markets, Inflation, Unemployment and Business Cycles, Fiscal and Monetary Policy, Open Economy Macroeconomics |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-3056 | Intermediate Microeconomics-I | Core Course | 6 | Consumer Preferences and Choice, Demand and Supply Derivations, Production Function and Costs, Perfect Competition, Monopoly and Price Discrimination, Monopolistic Competition and Oligopoly |
| ECO-HC-3066 | Intermediate Macroeconomics-I | Core Course | 6 | Classical and Keynesian Systems, Consumption and Investment Functions, IS-LM Model, Aggregate Demand and Aggregate Supply, Inflation: Causes and Theories, Unemployment and Phillips Curve |
| ECO-HC-3076 | Statistical Methods for Economics | Core Course | 6 | Introduction to Statistics and Data Presentation, Measures of Central Tendency and Dispersion, Probability and Probability Distributions, Sampling Methods and Sampling Distributions, Hypothesis Testing, Correlation and Regression Analysis |
| SEC-1 | Skill Enhancement Course - 1 (e.g., Basic Computer Applications for Economics) | Skill Enhancement Course | 2 | Introduction to Computers and Operating Systems, Word Processing (MS Word), Spreadsheet Applications (MS Excel) for Data Analysis, Presentation Tools (MS PowerPoint), Database Management Basics, Internet and Email for Research |
| GE-3 | Generic Elective - 3 (e.g., Indian Economy-I) | Generic Elective | 6 | Basic Characteristics of Indian Economy, Planning in India and Economic Reforms, Indian Agriculture: Issues and Policies, Industrial Sector: Growth and Structure, Services Sector Growth, Poverty, Inequality and Employment |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-4086 | Intermediate Microeconomics-II | Core Course | 6 | General Equilibrium and Economic Efficiency, Welfare Economics and Market Failure, Externalities and Public Goods, Asymmetric Information, Game Theory and Strategic Interactions, Behavioral Economics Introduction |
| ECO-HC-4096 | Intermediate Macroeconomics-II | Core Course | 6 | Theories of Consumption and Investment, Economic Growth Models (Harrod-Domar, Solow), New Classical Macroeconomics, New Keynesian Economics, Open Economy Macroeconomics and Exchange Rates, Macroeconomic Policy Debates |
| ECO-HC-4106 | Introductory Econometrics | Core Course | 6 | Nature and Scope of Econometrics, Classical Linear Regression Model (Two Variable), Multiple Linear Regression Model, Hypothesis Testing and Confidence Intervals, Problems in Regression Analysis (Multicollinearity, Heteroscedasticity, Autocorrelation), Dummy Variables and Forecasting |
| SEC-2 | Skill Enhancement Course - 2 (e.g., Data Analysis) | Skill Enhancement Course | 2 | Sources and Types of Economic Data, Data Collection Methods, Graphical and Tabular Presentation of Data, Measures of Economic Variables, Introduction to Statistical Software for Data Analysis, Interpretation of Economic Data |
| GE-4 | Generic Elective - 4 (e.g., Indian Economy-II) | Generic Elective | 6 | Agricultural Policy and Food Security, Industrial Policy and Performance, Financial Sector Reforms, External Sector: Trade and Capital Flows, Fiscal Federalism and Public Finance, Regional Disparities and Urbanization |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-5116 | History of Economic Thought | Core Course | 6 | Mercantilism and Physiocracy, Classical School (Adam Smith, Ricardo, Malthus), Marxian Economics, Neoclassical Economics (Marshall, Walras), Keynesian Revolution, Development of Indian Economic Thought |
| ECO-HC-5126 | Development Economics-I | Core Course | 6 | Concepts and Measures of Development, Theories of Economic Growth (Classical, Neoclassical), Poverty, Inequality and Malnutrition, Population Growth and Human Capital, Agriculture and Rural Development, Industrialization Strategies |
| DSE-1 | Discipline Specific Elective - 1 (e.g., Environmental Economics) | Discipline Specific Elective | 6 | Economics and Environment Interaction, Environmental Problems and Market Failure, Economic Valuation of Environmental Goods, Environmental Policy Instruments, Sustainable Development Concepts, Climate Change Economics |
| DSE-2 | Discipline Specific Elective - 2 (e.g., Public Economics) | Discipline Specific Elective | 6 | Role of Government in the Economy, Public Goods and Externalities, Theories of Public Expenditure, Principles of Taxation and Tax Structure, Fiscal Policy and Debt Management, Budgeting and Fiscal Federalism in India |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-6136 | Indian Economic Development | Core Course | 6 | Indian Economy since Independence, Economic Planning and Reforms, Agriculture and Food Policy in India, Industrial Growth and Policy, Poverty, Inequality and Employment in India, External Sector and Globalization |
| ECO-HC-6146 | Development Economics-II | Core Course | 6 | International Trade and Development, Foreign Aid and Foreign Direct Investment, Role of Institutions and Governance in Development, Microfinance and Inclusive Growth, Globalisation and Developing Countries, Sustainable Development Goals (SDGs) |
| DSE-3 | Discipline Specific Elective - 3 (e.g., International Economics) | Discipline Specific Elective | 6 | Theories of International Trade, Terms of Trade and Gains from Trade, Commercial Policy: Tariffs and Non-Tariff Barriers, Balance of Payments, Foreign Exchange Market and Exchange Rate Regimes, International Financial Institutions |
| DSE-4 | Discipline Specific Elective - 4 (e.g., Financial Economics) | Discipline Specific Elective | 6 | Overview of Financial Markets and Institutions, Time Value of Money and Interest Rates, Risk and Return in Financial Assets, Portfolio Theory and Diversification, Asset Pricing Models (CAPM), Introduction to Derivatives (Futures, Options) |
