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BA in Economics at Don Bosco College, Maram
Senapati, Manipur
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About the Specialization
What is Economics at Don Bosco College, Maram Senapati?
This Economics program at Don Bosco College, Maram, affiliated with Manipur University, focuses on equipping students with a robust understanding of economic principles, theories, and their applications in real-world scenarios. It delves into both microeconomic foundations of individual decision-making and macroeconomic analyses of national and global economies. The program emphasizes analytical thinking, quantitative reasoning, and policy interpretation, preparing students to critically evaluate economic issues and contribute to informed decision-making within the dynamic Indian economic landscape.
Who Should Apply?
This program is ideal for fresh graduates from any stream (Arts, Science, Commerce) who have completed their 10+2 education and possess a keen interest in understanding societal resource allocation, market dynamics, and government policies. It also caters to individuals aspiring for careers in research, policy analysis, banking, finance, journalism, or civil services. Students with a strong aptitude for logical reasoning, data interpretation, and a desire to comprehend the economic forces shaping India''''s development will find this course particularly rewarding.
Why Choose This Course?
Graduates of this program can expect to pursue diverse career paths in India, including roles as economic analysts, data researchers, financial advisors, market research analysts, or civil servants. Entry-level salaries typically range from INR 2.5 Lakhs to 4.5 Lakhs per annum, with experienced professionals earning significantly more, especially in urban centers and the financial sector. The analytical and problem-solving skills honed here are highly valued, enabling growth trajectories in both private corporations and government organizations, aligning well with the requirements for competitive examinations.
Student Success Practices
Foundation Stage
Build Strong Conceptual Foundations in Economics- (Semester 1-2)
Focus on mastering core microeconomic and macroeconomic concepts. Attend all lectures, engage in active note-taking, and regularly review textbook chapters. Utilize online resources like Khan Academy for supplementary explanations and practice problems to solidify understanding of fundamental theories.
Tools & Resources
Textbooks (e.g., N. Gregory Mankiw, H.L. Ahuja), Khan Academy, College library resources
Career Connection
A strong grasp of fundamentals is crucial for advanced courses and forms the basis for analytical roles in any economic field.
Develop Effective Study Habits and Peer Learning- (Semester 1-2)
Establish a consistent study routine, dedicating specific time slots for each subject. Form small study groups with peers to discuss challenging topics, solve problems collaboratively, and prepare for internal assessments. Teaching concepts to each other reinforces learning and builds communication skills.
Tools & Resources
Google Docs for collaborative notes, College library study rooms, Online forums for economics students
Career Connection
Enhances teamwork, communication, and problem-solving skills, vital for professional environments in India.
Enhance Quantitative Aptitude and Data Interpretation- (Semester 1-2)
Regularly practice mathematical and statistical problems relevant to economics. Work on basic data interpretation exercises using charts and graphs. Attend workshops on basic spreadsheet software (like MS Excel) if offered, to get comfortable with numerical data and analytical tools.
Tools & Resources
MS Excel, Statistical sections of economics textbooks, Online quizzes for quantitative aptitude
Career Connection
Essential for economic analysis, research, and roles in finance and data analytics in the Indian job market.
Intermediate Stage
Apply Theoretical Knowledge to Indian Economic Context- (Semester 3-5)
Actively read economic news from reputable Indian sources (e.g., The Economic Times, Business Standard, Livemint) and government reports (e.g., Economic Survey of India, RBI publications). Discuss how classroom theories explain current Indian economic events and policy decisions with peers and faculty.
Tools & Resources
The Economic Times app, RBI website, NITI Aayog reports, Government ministry websites
Career Connection
Develops practical understanding of the Indian economy, highly valued by employers in policy, research, and corporate roles in India.
Build Foundational Research and Analytical Skills- (Semester 3-5)
Engage actively in assignments that require small-scale research, data collection, and basic report writing. Utilize library resources to explore academic papers and critically analyze different economic perspectives on a given issue. Seek faculty guidance for potential research project ideas.
Tools & Resources
College library''''s research databases, JSTOR (if accessible through institution), Google Scholar
Career Connection
Prepares for research roles, think tanks, and advanced studies, contributing to evidence-based policy making and academic pursuits.
Explore Elective Specializations and Network- (Semester 3-5)
Carefully choose Discipline Specific Electives (DSEs) based on your interest and career aspirations (e.g., Public Finance, Development Economics). Attend webinars or local seminars by economists or industry experts. Connect with alumni for insights into different career paths in India''''s diverse economic sectors.
Tools & Resources
LinkedIn, College alumni network, Professional economics associations in India (e.g., Indian Economic Association)
Career Connection
Helps in identifying niche areas, building professional contacts, and securing relevant internships that can lead to employment.
Advanced Stage
Prepare for Placement and Higher Studies- (Semester 6)
Begin rigorous preparation for competitive exams (e.g., UPSC CSE, RBI Grade B, MBA entrances) or job interviews. Polish your resume highlighting academic projects, internships, and analytical skills. Participate in mock interviews and group discussions. Seek career guidance from the college''''s placement cell.
Tools & Resources
Online aptitude test platforms, Resume building workshops, College placement cell, Interview preparation guides
Career Connection
Directly translates to successful placements in government, public sector, and private organizations, or admission to prestigious postgraduate programs.
Undertake an Independent Research Project/Dissertation- (Semester 6)
Work on a significant research project or dissertation under faculty supervision. This could involve primary data collection, econometric analysis, or in-depth policy evaluation. Aim for a topic relevant to current Indian economic challenges, presenting your findings formally.
Tools & Resources
Statistical software (e.g., R, Stata - basic exposure), Advanced library resources, Faculty mentorship, Survey tools
Career Connection
Demonstrates advanced analytical capabilities, independent problem-solving, and specialized knowledge, highly valued for research and policy roles in India.
Develop Professional Communication and Presentation Skills- (Semester 6)
Actively seek opportunities to present your research findings or economic analyses in seminars, departmental events, or inter-college competitions. Focus on articulating complex economic ideas clearly and concisely, both orally and in written reports, to diverse audiences.
Tools & Resources
PowerPoint/Google Slides, Public speaking clubs, Departmental seminars, Academic writing guides
Career Connection
Essential for all professional roles, enabling effective communication with colleagues, clients, and policymakers in any industry, and particularly in public facing economic roles.
Program Structure and Curriculum
Eligibility:
- 10+2 examination or its equivalent from any recognized board
Duration: 6 semesters (3 years)
Credits: 80 Credits
Assessment: Internal: 25%, External: 75%
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 and their functions, Biodiversity and its conservation, Environmental pollution causes and control |
| ECO-DSC-1A | Introductory Microeconomics | Discipline Specific Core (Economics) | 6 | Basic economic problems and methods, Demand, supply and market equilibrium, Consumer behavior: utility and indifference curve analysis, Production and cost analysis, Market structures: perfect competition and monopoly |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-2 | English/MIL Communication | Ability Enhancement Compulsory Course | 2 | Theory of communication, Grammar and vocabulary building, Reading comprehension and writing skills, Report writing and presentation skills, Soft skills for communication |
| ECO-DSC-1B | Introductory Macroeconomics | Discipline Specific Core (Economics) | 6 | National income accounting methods, Determination of output and employment (Classical & Keynesian), Money, banking and monetary policy, Inflation: causes and control, Introduction to open economy macroeconomics |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| SEC-1 | Data Analysis (Example) | Skill Enhancement Course (Choice-based) | 2 | Data collection and classification, Tabulation and diagrammatic presentation of data, Measures of central tendency (mean, median, mode), Measures of dispersion (range, variance, standard deviation), Correlation analysis fundamentals |
| ECO-DSC-1C | Intermediate Microeconomics | Discipline Specific Core (Economics) | 6 | Advanced consumer theory and duality, Theory of production and costs, Market structures: oligopoly and monopolistic competition, Factor pricing: rent, wages, interest, profit, General equilibrium and welfare economics |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| SEC-2 | Basic Econometrics (Example) | Skill Enhancement Course (Choice-based) | 2 | Nature and scope of econometrics, Simple linear regression model (OLS), Assumptions of classical linear regression model, Properties of OLS estimators, Introduction to multiple regression analysis |
| ECO-DSC-1D | Intermediate Macroeconomics | Discipline Specific Core (Economics) | 6 | Classical and Keynesian models of income and employment, IS-LM model: goods and money market equilibrium, Inflation and unemployment: Phillips curve, Monetary and fiscal policies effectiveness, Theories of economic growth |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-DSE-1 | Indian Economy I (Elective Option) | Discipline Specific Elective (Economics) | 6 | Basic characteristics of Indian economy, Economic planning and reforms in India, Agriculture sector: policies and performance, Industrial sector: growth and challenges, Service sector and its contribution |
| ECO-DSE-2 | Development Economics (Elective Option) | Discipline Specific Elective (Economics) | 6 | Concepts of economic development and underdevelopment, Theories of economic growth (e.g., Solow, Harrod-Domar), Poverty, inequality, and income distribution, Human capital and economic development, Role of state and markets in development |
| ECO-DSE-3 | Environmental Economics (Elective Option) | Discipline Specific Elective (Economics) | 6 | Economics and environment interaction, Market failure: externalities and public goods, Valuation of environmental goods and services, Environmental policy instruments, Sustainable development concept and indicators |
| ECO-DSE-4 | Public Finance (Elective Option) | Discipline Specific Elective (Economics) | 6 | Role and functions of government in an economy, Public goods and merit goods, Principles of taxation and tax system in India, Public expenditure and budgetary policy, Fiscal federalism in India |
| ECO-DSE-5 | Money and Banking (Elective Option) | Discipline Specific Elective (Economics) | 6 | Functions and forms of money, Theories of demand for money, Commercial banking: structure and functions, Central banking: functions and instruments, Monetary policy in India |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-DSE-6 | Econometrics (Elective Option) | Discipline Specific Elective (Economics) | 6 | Multicollinearity: detection and remedies, Heteroscedasticity: detection and remedies, Autocorrelation: detection and remedies, Dummy variables in regression analysis, Introduction to time series econometrics |
| ECO-DSE-7 | History of Economic Thought (Elective Option) | Discipline Specific Elective (Economics) | 6 | Mercantilism and physiocracy, Classical school: Adam Smith, Ricardo, Malthus, Marxian economics: theory of value and exploitation, Keynesian revolution and post-Keynesian developments, Indian economic thinkers (e.g., Dadabhai Naoroji, Amartya Sen) |
| ECO-DSE-8 | Mathematical Economics (Elective Option) | Discipline Specific Elective (Economics) | 6 | Functions, graphs, and equilibrium analysis, Calculus: differentiation and optimization in economics, Matrix algebra: applications in economic models, Comparative statics and dynamic analysis, Input-output analysis |
| ECO-DSE-9 | International Economics (Elective Option) | Discipline Specific Elective (Economics) | 6 | Theories of international trade (e.g., Ricardian, Heckscher-Ohlin), Terms of trade and gains from trade, Trade policy: tariffs and non-tariff barriers, Balance of payments accounting, Exchange rate determination |
| ECO-DSE-10 | Indian Economy II (Elective Option) | Discipline Specific Elective (Economics) | 6 | Poverty, inequality, and employment issues in India, Demographic trends and human development in India, Infrastructure development (energy, transport, communication), External sector: trade and foreign investment, Environmental issues and sustainable development in India |
