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BA-HONS in Economics at Delhi College of Arts and Commerce
Delhi, Delhi
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About the Specialization
What is Economics at Delhi College of Arts and Commerce Delhi?
This Economics Hons program at Delhi College of Arts and Commerce offers a rigorous curriculum focusing on microeconomics, macroeconomics, econometrics, and mathematical methods. It equips students with strong analytical and quantitative skills crucial for understanding economic phenomena. In the Indian context, this program is highly relevant for analyzing growth, development, poverty, and policy impacts, catering to the significant demand for skilled economists in diverse sectors.
Who Should Apply?
This program is ideal for fresh graduates from 10+2 who possess a strong aptitude for mathematics and a keen interest in economic theory and its real-world applications. It attracts students aspiring for careers in research, policy analysis, banking, finance, and civil services. Individuals seeking to develop robust analytical foundations for advanced studies or competitive examinations also find this program highly beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths as economic analysts, data scientists, research associates, financial advisors, or policy consultants. Entry-level salaries typically range from INR 4-7 LPA, with experienced professionals earning INR 10-25 LPA+. Growth trajectories are prominent in government bodies, think tanks, MNCs, and financial institutions. The curriculum also effectively prepares students for prestigious examinations like UPSC, RBI Grade B, and Indian Economic Service.
Student Success Practices
Foundation Stage
Strengthen Quantitative Foundations- (undefined)
Dedicate significant time to mastering Mathematical Methods for Economics I and II. Utilize online resources like Khan Academy, NPTEL, and practice extensively from standard textbooks. Participate in problem-solving sessions and seek clarifications regularly. This strong base is indispensable for understanding advanced econometrics and economic theory, directly boosting performance in analytical job roles.
Tools & Resources
Khan Academy, NPTEL, Alpha C. Chiang''''s ''''Fundamental Methods of Mathematical Economics''''
Career Connection
A robust quantitative foundation is key for future roles in data analysis, financial modeling, and economic research, enhancing employability in analytical positions.
Master Economic Concepts Early- (undefined)
Engage deeply with Introductory Microeconomics and Macroeconomics. Form study groups to discuss concepts, debate theories, and follow current economic news in India to see theoretical applications. Read reputed economic dailies like The Economic Times or Livemint regularly. This builds a strong conceptual base, critical for higher-level courses and competitive examinations.
Tools & Resources
Study groups, The Economic Times, Livemint, N. Gregory Mankiw''''s ''''Principles of Economics''''
Career Connection
A clear understanding of economic principles is fundamental for any career in economics, policy, or finance, providing the intellectual framework for decision-making.
Develop Effective Study Habits- (undefined)
Implement consistent study routines, including regular revision of lecture notes, practicing numerical problems, and proactively clarifying doubts with professors. Make full use of the college library and access academic databases for supplementary reading. Consistent academic discipline ensures high grades and builds the work ethic valued in professional environments.
Tools & Resources
College Library, JSTOR, ProQuest, Faculty office hours
Career Connection
Strong academic performance and disciplined study habits are highly regarded by employers and are essential for securing admissions to top postgraduate programs.
Intermediate Stage
Apply Statistical and Econometric Tools- (undefined)
Actively apply concepts from Statistical Methods for Economics and Introductory Econometrics. Gain hands-on experience with statistical software such as MS Excel, R, or Stata. Enroll in online courses or workshops to enhance software proficiency. Practical application of these tools is highly sought after in data-centric roles in finance, consulting, and research firms in India.
Tools & Resources
MS Excel, R/Python, Stata/EViews, Coursera/edX courses on data science
Career Connection
Proficiency in econometric software and statistical analysis is a critical skill for roles like data analyst, quantitative researcher, and business intelligence associate.
Seek Industry Exposure through Internships- (undefined)
Actively search for and undertake summer internships after Semester 4 in relevant organizations such as research institutions (e.g., NITI Aayog, ICRIER), commercial banks, financial services firms, or NGOs focusing on economic development. These experiences offer invaluable exposure to real-world economic challenges and industry practices, significantly boosting future placement prospects.
Tools & Resources
College Placement Cell, LinkedIn, Internshala, Company career pages
Career Connection
Internships provide practical experience, enhance resumes, build professional networks, and often lead to pre-placement offers, directly impacting career launch.
Engage in Economic Debates and Competitions- (undefined)
Participate actively in the college''''s economics society, debates, quizzes, and essay competitions. Join inter-college case study competitions or hackathons related to economic problems. This sharpens critical thinking, problem-solving, and communication skills, while also providing networking opportunities with peers and industry professionals. These skills are crucial for consulting and policy analysis roles.
Tools & Resources
College Economics Society, Youth Parliament simulations, Inter-college competitions
Career Connection
Participation in such activities develops soft skills like communication, teamwork, and critical analysis, making graduates more competitive for diverse professional roles.
Advanced Stage
Specialize through DSEs and Projects- (undefined)
Carefully choose Discipline Specific Electives (DSEs) in Semesters 5 and 6 that align with your career aspirations (e.g., Public Economics for policy, Financial Economics for banking). Undertake a research project or dissertation in a specialized area, leveraging your econometric skills. This deepens subject matter expertise and provides a tangible portfolio for advanced studies or specialized job applications.
Tools & Resources
Faculty advisors, Economic journals, Statistical software for project work
Career Connection
Specialized knowledge and a strong research project distinguish candidates for niche roles in research, academia, or specific industry sectors, enabling focused career progression.
Intensive Placement and Higher Studies Preparation- (undefined)
Start rigorous preparation for campus placements, focusing on aptitude tests, group discussions, and interview skills required by financial institutions, consulting firms, and analytics companies. Simultaneously, prepare for entrance examinations for prestigious Master''''s programs in economics (e.g., DSE, ISI) or civil services (UPSC, IES). Utilize career counseling services and alumni networks for guidance.
Tools & Resources
College Placement Cell, Online aptitude test platforms, Mock interview sessions, Alumni network
Career Connection
Thorough preparation leads to successful placements in desired companies or secures admission to esteemed postgraduate programs, setting the foundation for a high-impact career.
Build a Professional Network- (undefined)
Actively attend seminars, workshops, and guest lectures featuring industry experts and prominent economists. Connect with faculty members, alumni, and professionals in your areas of interest on platforms like LinkedIn. Participate in professional events. A robust professional network is invaluable for mentorship, uncovering hidden job opportunities, and long-term career growth in the Indian economic landscape.
Tools & Resources
LinkedIn, College Alumni Association, Industry conferences and webinars, Professional organizations
Career Connection
Networking opens doors to new opportunities, provides insights into industry trends, and facilitates mentorship, accelerating career advancement and professional development.
Program Structure and Curriculum
Eligibility:
- 10+2 (or equivalent) with a minimum aggregate of 45% marks. Mathematics must have been studied in Class XII and passed.
Duration: 3 years / 6 semesters
Credits: Approx. 120 (100 credits from core, discipline-specific, and compulsory foundation courses) Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC 1 | Introductory Microeconomics | Core | 4 | Principles of Economics, Demand and Supply Analysis, Consumer Behavior (Utility, Indifference Curves), Production and Costs, Market Structures (Perfect Competition, Monopoly) |
| DSC 2 | Mathematical Methods for Economics – I | Core | 4 | Functions and Graphs, Derivatives and their Applications, Optimization (Unconstrained and Constrained), Integral Calculus, Differential Equations |
| AECC 1 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Ecosystems and Biodiversity, Environmental Pollution, Global Environmental Issues, Sustainable Development, Environmental Ethics |
| VAC 1 | Constitutional Values and Fundamental Duties | Value Addition Course | 2 | Preamble and Basic Structure of the Indian Constitution, Fundamental Rights and Duties, Directive Principles of State Policy, Secularism and Social Justice, Democracy and Rule of Law |
| GEC 1 | Generic Elective Course (from another discipline) | Generic Elective | 4 |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC 3 | Introductory Macroeconomics | Core | 4 | National Income Accounting, Determination of Output and Employment, Money and Inflation, Open Economy Macroeconomics, Fiscal and Monetary Policy |
| DSC 4 | Mathematical Methods for Economics – II | Core | 4 | Linear Algebra (Vectors, Matrices), Matrix Operations and Determinants, Systems of Linear Equations, Input-Output Analysis, Dynamic Economic Models |
| AECC 2 | English Language (Communication) | Ability Enhancement Compulsory Course | 2 | Reading Comprehension, Writing Skills (Essays, Reports, Emails), Grammar and Vocabulary, Listening and Speaking Skills, Effective Communication Strategies |
| VAC 2 | Financial Literacy and Banking | Value Addition Course | 2 | Basics of Personal Finance, Savings and Investments, Understanding Banking Services, Insurance Products, Digital Payment Systems |
| GEC 2 | Generic Elective Course (from another discipline) | Generic Elective | 4 |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC 5 | Intermediate Microeconomics – I | Core | 4 | Consumer Theory (Choice under Uncertainty), Theory of Production and Cost, Market Structures (Oligopoly, Monopolistic Competition), Factor Markets, General Equilibrium and Welfare Economics |
| DSC 6 | Intermediate Macroeconomics – I | Core | 4 | Classical vs. Keynesian Systems, IS-LM Model, Aggregate Demand and Supply, Inflation and Unemployment, Business Cycles |
| DSC 7 | Statistical Methods for Economics | Core | 4 | Probability Theory, Random Variables and Distributions, Sampling Methods and Estimation, Hypothesis Testing, Correlation and Regression |
| SEC 1 | Data Analysis | Skill Enhancement Course | 2 | Data Collection and Organization, Descriptive Statistics, Data Visualization, Introduction to Statistical Software (e.g., MS Excel, R), Basic Data Interpretation |
| GEC 3 | Generic Elective Course (from another discipline) | Generic Elective | 4 |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC 8 | Intermediate Microeconomics – II | Core | 4 | Game Theory, Asymmetric Information, Externalities and Public Goods, Choice under Uncertainty, Social Choice and Welfare |
| DSC 9 | Intermediate Macroeconomics – II | Core | 4 | Economic Growth Models (Solow, Ramsey), Endogenous Growth Theory, Open Economy Macroeconomics, Exchange Rate Regimes, International Capital Flows |
| DSC 10 | Introductory Econometrics | Core | 4 | Simple Linear Regression Model, Multiple Regression Analysis, OLS Assumptions and Violations, Hypothesis Testing in Regression, Dummy Variables and Time Series Data |
| SEC 2 | Research Methodology | Skill Enhancement Course | 2 | Research Design and Problem Formulation, Data Collection Methods (Surveys, Experiments), Sampling Techniques, Questionnaire Design, Report Writing and Ethics in Research |
| GEC 4 | Generic Elective Course (from another discipline) | Generic Elective | 4 |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC 11 | Indian Economy – I | Core | 4 | Growth and Development in India, Economic Reforms since 1991, Agriculture and Food Security, Industrial Policy and Performance, Poverty, Inequality, and Employment |
| DSC 12 | Development Economics – I | Core | 4 | Theories of Economic Development, Poverty, Malnutrition, and Health, Human Capital (Education and Health), Population Growth and Demographic Transition, Dual Economy Models and Rural-Urban Migration |
| DSE 1 | Public Economics | Discipline Specific Elective | 4 | Public Goods and Externalities, Theories of Taxation, Public Expenditure and Budgeting, Fiscal Federalism, Government Debt and Fiscal Policy |
| DSE 2 | Financial Economics | Discipline Specific Elective | 4 | Time Value of Money, Portfolio Theory and Asset Pricing (CAPM), Efficient Market Hypothesis, Bond Market and Equity Market, Derivatives (Futures, Options) |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC 13 | Indian Economy – II | Core | 4 | Fiscal Policy in India, Monetary Policy and RBI, External Sector (Trade, FDI, BoP), Financial Sector Reforms, Economic Infrastructure and Social Sector Development |
| DSC 14 | Development Economics – II | Core | 4 | International Trade and Development, Foreign Aid and Debt, Microfinance and Rural Credit, Environment and Development, Gender and Development, Institutions and Governance |
| DSE 3 | International Economics | Discipline Specific Elective | 4 | Theories of International Trade, Tariffs and Non-Tariff Barriers, Balance of Payments, Exchange Rate Regimes, International Economic Organizations (WTO, IMF) |
| DSE 4 | Environmental Economics | Discipline Specific Elective | 4 | Environmental Market Failures, Valuation of Environmental Goods, Environmental Regulations and Policy Instruments, Economics of Climate Change, Sustainable Development Policies |
