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M-A in Economics at Devi Singh Smarak Mahavidyalaya, Rajnauli Sirsi, Sant Kabir Nagar
Sant Kabir Nagar, Uttar Pradesh
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About the Specialization
What is Economics at Devi Singh Smarak Mahavidyalaya, Rajnauli Sirsi, Sant Kabir Nagar Sant Kabir Nagar?
This M.A. Economics program at Devi Singh Smarak Mahavidyalaya, affiliated with Siddharth University, focuses on developing a deep understanding of advanced economic theories, policies, and quantitative methods. It integrates foundational principles with contemporary Indian and global economic challenges. The program aims to equip students with analytical skills necessary to interpret complex economic data and contribute to policymaking in various sectors across India, fostering comprehensive economic literacy.
Who Should Apply?
This program is ideal for fresh graduates with an undergraduate degree in Economics or a related field seeking to pursue advanced studies and research. It also caters to aspiring researchers, data analysts, and policy advisors who wish to build a strong theoretical and empirical foundation in economics, preparing them for diverse roles in government, academia, and the private sector in India. Candidates looking to enhance their analytical acumen will benefit.
Why Choose This Course?
Graduates of this program can expect to secure roles as economists, researchers, data scientists, policy analysts, or consultants in India. 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 in government bodies, policy think tanks, financial institutions, or research organizations. The program aligns with skill demands for roles in economic development and financial analysis.
Student Success Practices
Foundation Stage
Strengthen Quantitative Foundations- (Semester 1-2)
Dedicate extra time to mastering mathematical and statistical concepts from Quantitative Methods. Utilize online platforms for practice problems, join study groups for conceptual clarity, and seek help from faculty for advanced topics to build a robust analytical base.
Tools & Resources
Khan Academy, NPTEL courses on Mathematics for Economics, R/Python basic tutorials for statistical applications
Career Connection
A strong quantitative base is crucial for roles in data analysis, econometrics, and financial modeling, highly sought after by Indian analytics firms, financial companies, and research institutions.
Engage with Indian Economic Policy Discussions- (Semester 1-2)
Beyond textbooks, regularly read economic dailies (e.g., The Economic Times, Business Standard), follow government policy announcements (e.g., Union Budget analysis), and actively participate in discussions on current Indian economic issues to gain contextual understanding.
Tools & Resources
RBI website, NITI Aayog reports, PRS Legislative Research, Centre for Monitoring Indian Economy (CMIE) data
Career Connection
Develops a nuanced understanding of India''''s economic landscape, vital for policy analysis roles in government, think tanks, and advisory positions within various sectors in India.
Develop Academic Writing and Research Skills- (Semester 1-2)
Focus on structuring essays, citing sources correctly using recognized formats, and developing concise arguments. Actively participate in seminars, present short research ideas, and engage in peer review to refine both written and verbal communication skills essential for academic and professional success.
Tools & Resources
Mendeley/Zotero for citation management, Academic writing workshops, University library resources
Career Connection
Essential for higher studies, research roles, and producing well-structured reports and presentations in any professional economic setting, crucial for career progression in India and globally.
Intermediate Stage
Practical Application of Economic Models- (Semester 3-4)
Translate theoretical knowledge from Public, Development, and International Economics into practical scenarios. Work on small case studies, analyze real-world policy outcomes, and learn to apply economic models to contemporary Indian contexts and challenges.
Tools & Resources
Case studies from Indian public sector enterprises, World Bank/IMF reports on India, Academic journals focusing on applied economics
Career Connection
Enhances problem-solving skills and makes graduates more valuable to organizations involved in policy formulation, implementation, and impact assessment within India.
Explore Econometric Software and Data Analysis- (Semester 3-4)
Gain hands-on experience with statistical software for econometric analysis. Practice data cleaning, running regressions, and interpreting results using real datasets relevant to Indian economic indicators and social issues.
Tools & Resources
Software like EViews, Stata, R, or Python with libraries like Pandas, NumPy, StatsModels, Datasets from NSSO, MOSPI, RBI
Career Connection
Directly prepares students for roles as Econometricians, Quantitative Analysts, and Data Scientists in various Indian industries, including banking, finance, and market research.
Network with Industry Professionals and Alumni- (Semester 3-4)
Attend webinars, seminars, and alumni events to connect with economists, analysts, and policymakers. Seek mentorship and explore internship opportunities in research institutions, banks, or corporate finance departments to build valuable professional relationships.
Tools & Resources
LinkedIn, University career services, Professional economic associations in India (e.g., Indian Economic Association)
Career Connection
Builds professional contacts that can lead to internships, job referrals, and provide crucial insights into industry trends and job market expectations, significantly aiding career entry in India.
Advanced Stage
Comprehensive Dissertation/Project Development- (Semester 4)
Choose a research topic relevant to current economic issues in India and systematically work through literature review, methodology design, data collection, rigorous analysis, and compelling report writing under faculty guidance. Aim for a high-quality, publishable-standard project.
Tools & Resources
Academic databases (JSTOR, Scopus, Google Scholar), Statistical software for analysis (e.g., SPSS, R, Python), University library and dedicated research support services
Career Connection
Showcases independent research capability, critical thinking, and advanced analytical skills, which are highly valued by employers for research-oriented roles and higher academic pursuits in India and abroad.
Intensive Interview Preparation and Skill Refinement- (Semester 4)
Participate in mock interviews focusing on core economic concepts, quantitative skills, and case study analysis. Refine resume/CV and cover letter tailored to specific job roles in Indian financial markets, research, government, and academic sectors to maximize chances of selection.
Tools & Resources
Career counseling services, Online interview platforms (e.g., Pramp, InterviewBit for technical roles), Industry-specific interview guides and past interview experiences
Career Connection
Maximizes readiness for placement drives and ensures strong performance in interviews for top economic roles, leading to successful career placements in India.
Pursue Specialized Certifications or Workshops- (Semester 4)
Beyond the curriculum, consider certifications in niche areas like Financial Modeling, Advanced Data Analytics (e.g., specialized R/Python courses), or specific policy analysis tools to stand out in the competitive Indian job market and demonstrate proactive skill development.
Tools & Resources
NISM certifications (for finance roles), Coursera/edX/Udemy courses on advanced data science for economics, Workshops offered by economic research institutes or professional bodies
Career Connection
Demonstrates initiative and provides a competitive edge, opening doors to specialized roles in finance, data science, economic consulting, and research within India''''s diverse economy.
Program Structure and Curriculum
Eligibility:
- Bachelor''''s degree in Economics or an allied subject from a recognized university, as per Siddharth University norms.
Duration: 2 years (4 semesters)
Credits: 88 (66 credits for core Economics specialization, remaining from general/elective courses as per NEP guidelines) Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MA-E-101 | Micro Economic Analysis | Core | 4 | Consumer Behavior Theories, Production and Cost Analysis, Market Structures (Perfect Competition, Monopoly, Oligopoly), Factor Pricing, Welfare Economics |
| MA-E-102 | Macro Economic Analysis | Core | 4 | National Income Determination, Theories of Consumption and Investment, Money Supply and Demand, Inflation and Unemployment, Macroeconomic Policy |
| MA-E-103 | Quantitative Methods for Economic Analysis | Core | 4 | Calculus and Matrix Algebra, Optimization Techniques, Probability and Distributions, Sampling and Hypothesis Testing, Introduction to Regression Analysis |
| MA-E-104 | Indian Economic Policy | Core | 4 | Economic Planning in India, Agricultural and Industrial Policies, Fiscal and Monetary Policies, Foreign Trade Policy, Social Sector Development |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MA-E-201 | Public Economics | Core | 4 | Public Goods and Externalities, Principles of Taxation, Public Expenditure Theories, Fiscal Policy and Public Debt, Fiscal Federalism in India |
| MA-E-202 | Development Economics | Core | 4 | Theories of Economic Development, Poverty and Inequality, Human Capital and Economic Growth, Sustainable Development, Role of State and Markets in Development |
| MA-E-203 | International Economics | Core | 4 | Theories of International Trade, Terms of Trade and Gains from Trade, Balance of Payments, Exchange Rate Determination, Trade Policies and International Economic Institutions |
| MA-E-204 | Agricultural Economics | Core | 4 | Agricultural Development in India, Land Reforms and Agrarian Structure, Agricultural Marketing, Rural Credit and Finance, Food Security and Policy |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MA-E-301 | Economics of Growth | Core | 4 | Harrod-Domar and Solow Models, Endogenous Growth Theory, Technology and Innovation, Investment and Human Capital, Growth and Income Distribution |
| MA-E-302 | Environmental Economics | Core | 4 | Environmental Externalities, Valuation of Environmental Resources, Pollution Control Policies, Sustainable Development, Economics of Climate Change |
| MA-E-303 | Financial Institutions and Markets | Core | 4 | Structure of Financial System, Money Market, Capital Market, Financial Intermediation, Banking Sector Reforms in India |
| MA-E-304 | Economics of Social Sector and Environment | Core | 4 | Health Economics, Education Economics, Poverty Alleviation Programs, Environmental Policy Instruments, Resource Management |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MA-E-401 | Econometrics | Core | 4 | Classical Linear Regression Model, Multiple Regression Analysis, Problems in Regression (Heteroscedasticity, Multicollinearity), Time Series Econometrics, Introduction to Panel Data Models |
| MA-E-402 | Demography and Population Studies | Core | 4 | Theories of Population, Population Trends in India, Fertility, Mortality, and Migration, Population Policy, Age Structure and Demographic Dividend |
| MA-E-403 | Industrial Economics | Core | 4 | Industrial Structure and Organization, Market Concentration and Performance, Industrial Growth in India, Small and Medium Enterprises (SMEs), Industrial Policy and Regulations |
| MA-E-404 | Dissertation/Project | Core (Research Project) | 6 | Research Proposal Development, Literature Review, Data Collection and Analysis, Report Writing and Formatting, Presentation of Findings |
