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BA in Applied Economics at Chaudhary Mahadev Prasad Mahavidyalaya
Unnao, Uttar Pradesh
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About the Specialization
What is Applied Economics at Chaudhary Mahadev Prasad Mahavidyalaya Unnao?
This Applied Economics program at Chaudhary Mahadev Prasad Mahavidyalaya, affiliated with CSJMU, focuses on applying economic theories and quantitative methods to real-world issues. It prepares students to analyze economic problems, understand policy implications, and contribute to India''''s dynamic economic landscape, addressing critical sectors from agriculture to digital commerce. The program emphasizes both theoretical foundations and practical analytical skills essential for economic understanding.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into economic research, data analysis, or public policy roles. It also suits individuals passionate about understanding national and global economic trends, as well as those planning for further studies in economics or related fields. Students with a strong analytical aptitude and an interest in societal development would find this specialization rewarding.
Why Choose This Course?
Graduates of this program can expect to pursue diverse career paths in India, including roles as economic analysts, market researchers, policy advisors, or data scientists in government, think tanks, financial institutions, and corporate sectors. Entry-level salaries typically range from INR 3-5 LPA, with experienced professionals earning significantly more. The strong analytical foundation also prepares students for competitive exams for civil services or further academic pursuits.
Student Success Practices
Foundation Stage
Master Economic Fundamentals- (Semester 1-2)
Focus intently on core micro and macroeconomics concepts, ensuring a strong grasp of demand-supply, market structures, national income, and basic economic indicators. Utilize supplementary resources to deepen understanding.
Tools & Resources
NPTEL courses on Economics, YouTube channels like MRU University, NCERT Economics textbooks, practice numerical problems
Career Connection
A strong foundation is crucial for advanced subjects and for competitive exams like UPSC, RBI Grade B, and banking sector recruitment.
Develop Analytical and Problem-Solving Skills- (Semester 1-2)
Engage actively in problem-solving sessions, attempt case studies, and participate in economic quizzes. Learn to interpret economic data and graphs accurately.
Tools & Resources
Economic Times newspaper for current events, basic Excel for data analysis, online economics puzzles and quizzes
Career Connection
These skills are vital for roles in economic analysis, market research, and data interpretation across various industries.
Build Strong Study Habits and Peer Networks- (Semester 1-2)
Form study groups to discuss complex topics, prepare for internal assessments collaboratively, and practice presenting economic ideas clearly. Seek feedback from professors regularly.
Tools & Resources
College library resources, online academic forums, collaborative study platforms
Career Connection
Effective communication and teamwork are highly valued in professional settings and essential for future collaborative projects.
Intermediate Stage
Gain Practical Application Skills in Indian Context- (Semester 3-5)
Apply theoretical knowledge to contemporary Indian economic issues. Analyze government policies (e.g., Union Budget, RBI policies), understand their impact, and critically evaluate their effectiveness.
Tools & Resources
Economic Survey of India, NITI Aayog reports, Reserve Bank of India publications, business news channels like CNBC-TV18
Career Connection
This makes students highly relevant for roles in public policy, financial journalism, and economic consulting in India.
Enhance Quantitative and Data Interpretation Skills- (Semester 3-5)
Focus on mastering quantitative methods for economics, including statistical analysis and econometric concepts. Learn to use software like Excel for data handling and basic analysis.
Tools & Resources
Gujarati''''s Econometrics by Example, online courses on R or Python for beginners (DataCamp, Coursera), CSJMU''''s computer labs
Career Connection
Essential for data analyst roles, financial modeling, and research positions in banks, consultancies, and analytics firms.
Explore Elective/Applied Economics Areas- (Semester 3-5)
Beyond core subjects, explore specific areas of applied economics that align with career interests, such as development economics, environmental economics, or health economics through projects and independent study.
Tools & Resources
MOOCs on specialized economic topics, research papers from Indian economic journals, faculty guidance for mini-projects
Career Connection
Specialization helps in niche job markets and provides a competitive edge for higher studies in specific fields.
Advanced Stage
Prepare for Placement and Higher Studies- (Semester 6)
Actively participate in campus placement drives, mock interviews, and resume building workshops. For higher studies, research relevant master''''s programs in economics and prepare for entrance exams like GATE, IES, or university-specific tests.
Tools & Resources
College placement cell, career counseling services, online aptitude test platforms, previous year''''s question papers for entrance exams
Career Connection
Directly leads to securing entry-level jobs or admission to prestigious postgraduate programs.
Undertake an Applied Research Project/Internship- (Semester 6)
Complete a mandatory or optional research project or internship focused on a real-world economic problem, applying learned theories and quantitative techniques. This could be with an NGO, local government body, or a small business.
Tools & Resources
Faculty mentors, local industry contacts, statistical software (SPSS, EViews if available), report writing guides
Career Connection
Provides practical experience, strengthens portfolio, and builds industry contacts crucial for future employment.
Develop Professional Communication and Presentation Skills- (Semester 6)
Practice presenting research findings and economic analyses clearly and concisely to diverse audiences. Participate in seminars and workshops on public speaking and professional writing.
Tools & Resources
Toastmasters clubs (if available), online presentation tutorials, peer review of written reports
Career Connection
Essential for roles requiring client interaction, policy advocacy, or academic presentations, making graduates effective communicators in any professional setting.
Program Structure and Curriculum
Eligibility:
- 10+2 (Intermediate) in any stream from a recognized board, as per CSJMU and college admission norms.
Duration: 3 years / 6 semesters
Credits: 48 credits (for core Applied Economics specialization papers) Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B020101T | Principles of Microeconomics | Core | 6 | Introduction to Microeconomics, Demand and Supply Analysis, Consumer Behavior, Production and Costs, Market Structures |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B020201T | Principles of Macroeconomics | Core | 6 | Introduction to Macroeconomics, National Income Accounting, Theories of Employment and Income, Inflation and Deflation, Monetary and Fiscal Policies |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B020301T | Monetary Economics | Core | 6 | Money: Definition and Functions, Theories of Money, Commercial Banking, Central Banking, Monetary Policy in India |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B020401T | Public Finance | Core | 6 | Introduction to Public Finance, Public Expenditure, Public Revenue (Taxation), Public Debt, Fiscal Policy |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B020501T | Indian Economy | Core | 6 | Features of Indian Economy, Agriculture Sector in India, Industrial Sector in India, Service Sector in India, Economic Planning and Reforms |
| B020502T | Quantitative Methods for Economics | Core | 6 | Basic Mathematics for Economics, Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B020601T | International Economics | Core | 6 | Theory of International Trade, Terms of Trade, Balance of Payments, Exchange Rates, International Economic Organizations |
| B020602T | Development Economics | Core | 6 | Economic Growth and Development, Theories of Development, Poverty, Inequality, and Unemployment, Role of State and Market, Sustainable Development |
