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BA-HONS in Economics at College of Commerce, Arts & Science, Patna
Patna, Bihar
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About the Specialization
What is Economics at College of Commerce, Arts & Science, Patna Patna?
This Economics Hons program at College of Commerce, Arts & Science, Patna focuses on providing a robust foundation in economic theories, quantitative methods, and their real-world applications. It emphasizes developing analytical skills essential for understanding market dynamics, policy implications, and developmental challenges specific to the Indian context, preparing students for diverse roles in the rapidly evolving Indian economy.
Who Should Apply?
This program is ideal for fresh graduates from 10+2 with a keen interest in economic phenomena, policy analysis, and problem-solving. It suits aspiring researchers, government job aspirants (UPSC, State PSC), and those seeking careers in finance, analytics, or development. A strong aptitude for logical reasoning and basic mathematics is beneficial for this specialization.
Why Choose This Course?
Graduates of this program can expect career paths in economic research, data analytics, banking, finance, and public policy within India. Entry-level salaries typically range from INR 3-6 lakhs per annum, with significant growth potential in government, private, and consulting sectors. The program also serves as a strong foundation for postgraduate studies in Economics or related fields.
Student Success Practices
Foundation Stage
Strengthen Core Economic Concepts- (Semester 1-2)
Dedicate time to thoroughly understand fundamental micro and macroeconomic principles, mathematical tools, and statistical concepts. Form study groups to discuss complex theories and solve numerical problems together, ensuring a strong base for advanced courses.
Tools & Resources
NCERT Economics books, Standard textbooks (e.g., Mankiw, Pindyck, Samuelson), Khan Academy
Career Connection
A strong conceptual understanding is crucial for competitive exams (UPSC, RBI Grade B) and for excelling in future roles requiring economic analysis.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Actively practice mathematical methods and statistical applications. Focus on problem-solving exercises for topics like calculus, linear algebra, probability, and regression. Utilize online platforms to sharpen analytical reasoning and data interpretation skills.
Tools & Resources
Paul''''s Online Math Notes, StatQuest with Josh Starmer YouTube channel, Econometrics by Example (Gujarati)
Career Connection
These skills are highly sought after in analytics, research, and finance roles in companies like Deloitte, E&Y, and various Indian banks.
Engage with Economic News and Current Affairs- (Semester 1-2)
Regularly read financial newspapers (e.g., The Economic Times, Business Standard) and reputable economic magazines. Participate in college debates or discussions on contemporary economic issues to build awareness and articulate informed opinions.
Tools & Resources
The Hindu Business Line, Livemint, RBI Website for reports
Career Connection
Staying updated on economic events is vital for civil services exams, financial journalism, and roles in policy analysis and market research.
Intermediate Stage
Master Data Analysis and Software Skills- (Semester 3-4)
Beyond theoretical econometrics, gain hands-on experience with statistical software. Learn to clean, analyze, and visualize data using tools like Excel, R, or Python. Work on small data projects to apply theoretical knowledge practically.
Tools & Resources
MS Excel, RStudio, Python (Pandas, NumPy, Matplotlib), Coursera/edX courses on data analysis
Career Connection
Proficiency in data analysis tools is a key differentiator for roles in business intelligence, market research, and data science in companies like TCS, Infosys, and various startups.
Pursue Electives Strategically and Deep Dive- (Semester 5)
Choose Discipline Specific Electives (DSEs) based on your career interests (e.g., Public Economics for civil services, Financial Economics for banking). Deeply engage with the chosen topics, reading beyond the syllabus to gain specialized knowledge.
Tools & Resources
Advanced textbooks in chosen DSE areas, Research papers on JSTOR/SSRN, Online specialized courses
Career Connection
Specialized knowledge helps you stand out in interviews for specific sectors and provides a solid base for advanced studies or specialized job roles.
Seek Internships and Real-World Exposure- (Semester 3-5 (during breaks))
Actively look for internships during summer breaks with NGOs, local research firms, government departments, or small financial institutions. This exposure helps bridge theoretical knowledge with practical challenges and builds a professional network.
Tools & Resources
Internshala, LinkedIn, College placement cell
Career Connection
Internships provide invaluable work experience, refine professional skills, and often lead to pre-placement offers or strong recommendations for future job applications in India.
Advanced Stage
Intensive Preparation for Competitive Exams/Placements- (Semester 6)
If aiming for civil services, banking exams, or other competitive tests, start dedicated preparation. For placements, focus on mock interviews, resume building, and case study solving. Tailor your preparation based on target roles.
Tools & Resources
Previous year question papers (UPSC, RBI, SSC), Online test series, Interview preparation guides
Career Connection
Focused preparation significantly increases chances of securing coveted positions in government, PSUs, or leading private sector companies.
Undertake an Independent Research Project/Dissertation- (Semester 5-6)
Work on a final year research project or dissertation under faculty guidance. Choose a topic that aligns with your interests and potential career path. This demonstrates research aptitude and critical thinking.
Tools & Resources
Academic journals, Statistical software, University library resources, Faculty mentorship
Career Connection
A well-executed project enhances your CV, provides a strong talking point in interviews, and is crucial for admission to top postgraduate programs in Economics.
Build a Professional Network- (Semester 4-6)
Attend seminars, workshops, and guest lectures organized by the department or university. Connect with alumni and industry professionals on platforms like LinkedIn. Participate in inter-college economics events to broaden your professional circle.
Tools & Resources
LinkedIn, Professional conferences (online/offline), Alumni association events
Career Connection
Networking opens doors to mentorship, job opportunities, and insights into industry trends, proving invaluable for long-term career growth in India''''s competitive job market.
Program Structure and Curriculum
Eligibility:
- 10+2 (Intermediate) in any stream with a minimum of 45% marks from a recognized board.
Duration: 3 years (6 semesters)
Credits: 140 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-1 | Introductory Microeconomics | Core | 6 | Basic Economic Problems, Consumer Behavior (Utility, Indifference Curves), Production and Cost, Market Structure: Perfect Competition, Welfare Economics |
| ECO-CC-2 | Mathematical Methods for Economics – I | Core | 6 | Algebra and Set Theory, Functions, Graphs and Limits, Differentiation and Applications, Optimization Techniques, Integration |
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Natural Resources and Ecosystems, Biodiversity and Conservation, Environmental Pollution and Control, Social Issues and the Environment, Environmental Ethics and Human Population |
| GE-1 | Generic Elective – I | Generic Elective | 6 | Foundations of the chosen discipline, Core concepts and theories, Historical or contemporary perspectives, Analytical frameworks, Practical applications |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-3 | Introductory Macroeconomics | Core | 6 | National Income Accounting, Determination of Output and Employment, Money, Banking and Inflation, Open Economy Macroeconomics, Fiscal and Monetary Policy |
| ECO-CC-4 | Mathematical Methods for Economics – II | Core | 6 | Linear Algebra (Matrices, Determinants), Difference Equations, Input-Output Analysis, Game Theory Fundamentals, Dynamic Analysis |
| AECC-2 | English Communication / MIL Communication | Ability Enhancement Compulsory Course | 2 | Grammar and Vocabulary, Reading Skills and Comprehension, Writing Skills (Essay, Report, Letter), Presentation Skills, Verbal Communication |
| GE-2 | Generic Elective – II | Generic Elective | 6 | Foundations of the chosen discipline, Core concepts and theories, Historical or contemporary perspectives, Analytical frameworks, Practical applications |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-5 | Intermediate Microeconomics – I | Core | 6 | Consumer Theory (Advanced), Production and Cost Analysis, Market Structures (Monopoly, Oligopoly), Factor Pricing, General Equilibrium |
| ECO-CC-6 | Intermediate Macroeconomics – I | Core | 6 | Classical and Keynesian Systems, IS-LM Model, AD-AS Model, Business Cycles, Inflation and Unemployment |
| ECO-CC-7 | Statistical Methods for Economics | Core | 6 | Probability Theory and Distributions, Sampling Theory, Hypothesis Testing, Correlation and Regression Analysis, Index Numbers |
| SEC-1 | Data Analysis / Computer Applications in Economics | Skill Enhancement Course | 2 | Sources of Data, Data Visualization (Graphs, Charts), Statistical Software (e.g., MS Excel), Basic Data Cleaning, Report Generation |
| GE-3 | Generic Elective – III | Generic Elective | 6 | Foundations of the chosen discipline, Core concepts and theories, Historical or contemporary perspectives, Analytical frameworks, Practical applications |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-8 | Intermediate Microeconomics – II | Core | 6 | General Equilibrium Theory, Externalities and Public Goods, Asymmetric Information, Risk and Uncertainty, Advanced Game Theory |
| ECO-CC-9 | Intermediate Macroeconomics – II | Core | 6 | Consumption and Investment Theories, Monetary and Fiscal Policy (Advanced), Economic Growth Models, Open Economy Macroeconomics (Advanced), Business Cycle Theories |
| ECO-CC-10 | Introductory Econometrics | Core | 6 | Nature of Econometrics, Classical Linear Regression Model (CLRM), Hypothesis Testing in CLRM, Problems in Regression Analysis (Multicollinearity), Dummy Variables and Forecasting |
| SEC-2 | Research Methodology / Indian Economy: Performance & Policies | Skill Enhancement Course | 2 | Research Design and Problem Formulation, Data Collection Methods (Primary, Secondary), Sampling Techniques, Data Analysis and Interpretation, Report Writing and Presentation |
| GE-4 | Generic Elective – IV | Generic Elective | 6 | Foundations of the chosen discipline, Core concepts and theories, Historical or contemporary perspectives, Analytical frameworks, Practical applications |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-11 | Indian Economy – I | Core | 6 | Structure of Indian Economy, Economic Planning in India, Agricultural Sector (Policies, Issues), Industrial Sector (Policies, Growth), Indian Financial System |
| ECO-CC-12 | Development Economics – I | Core | 6 | Concepts of Economic Development, Theories of Economic Growth, Poverty, Inequality and Malnutrition, Population and Human Capital, Role of State and Market |
| DSE-1 | Discipline Specific Elective – I (e.g., Public Economics) | Discipline Specific Elective | 6 | Role of Government in the Economy, Public Goods and Externalities, Taxation and Public Expenditure, Fiscal Federalism, Budgetary Policy |
| DSE-2 | Discipline Specific Elective – II (e.g., Environmental Economics) | Discipline Specific Elective | 6 | Environment-Economy Linkages, Valuation of Environmental Resources, Environmental Policy Instruments, Climate Change Economics, Sustainable Development |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-13 | Indian Economy – II | Core | 6 | Foreign Trade and Balance of Payments, Economic Reforms (LPG), Service Sector and Infrastructure, Fiscal Policy and Public Debt in India, Social Sector Development |
| ECO-CC-14 | Development Economics – II | Core | 6 | Rural and Urban Transformation, Migration and Globalization, Gender and Development, International Aid and Development Institutions, Development Experience of India |
| DSE-3 | Discipline Specific Elective – III (e.g., International Economics) | Discipline Specific Elective | 6 | Theories of International Trade, Trade Policy and Instruments (Tariffs, Quotas), Balance of Payments (BOP), Exchange Rate Regimes, International Economic Organizations |
| DSE-4 | Discipline Specific Elective – IV (e.g., Financial Economics) | Discipline Specific Elective | 6 | Financial Markets and Institutions, Asset Pricing Models, Portfolio Theory and Management, Derivatives (Futures, Options), Risk Management in Finance |
