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BACHELOR-OF-ARTS in Economics at Dr. Ambedkar First Grade College (Evening College)
Bengaluru, Karnataka
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About the Specialization
What is Economics at Dr. Ambedkar First Grade College (Evening College) Bengaluru?
This Bachelor of Arts program with a Specialization in Economics at Dr. B.R. Ambedkar First Grade Evening College focuses on equipping students with a robust understanding of economic principles, analytical tools, and their application to real-world scenarios. It delves into microeconomics, macroeconomics, development economics, and quantitative methods, preparing students for various roles in policy analysis, research, and financial sectors within the dynamic Indian economy.
Who Should Apply?
This program is ideal for 10+2 graduates with an interest in understanding economic systems, market dynamics, and societal welfare. It also caters to working professionals seeking to enhance their analytical skills for career progression in banking, finance, or government, and individuals aspiring for competitive exams like UPSC or RBI. A basic aptitude for logical reasoning and mathematics is beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue diverse career paths in India, including economic analyst, research assistant, financial consultant, data analyst, or positions in government services and NGOs. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience to INR 8-15+ LPA in leading firms or public sector roles, offering strong growth trajectories in a rapidly expanding economy.
Student Success Practices
Foundation Stage
Master Economic Fundamentals & Quantitative Skills- (Semester 1-2)
Dedicate significant time to understanding core micro and macroeconomic theories, and build a strong foundation in mathematical methods crucial for economics. Utilize online resources like Khan Academy for math refreshers and NPTEL courses for foundational economic concepts.
Tools & Resources
Textbooks (Mankiw, Dornbusch), Khan Academy, NPTEL, YouTube lectures
Career Connection
A solid grasp of fundamentals is essential for advanced courses and competitive exams (UPSC, RBI). Quantitative skills are highly valued in data analysis roles.
Engage with Current Economic Affairs- (Semester 1-2)
Regularly read reputable financial newspapers (e.g., The Economic Times, Business Standard) and economic magazines. Follow policy announcements from RBI, Ministry of Finance, and NITI Aayog to connect theoretical knowledge with practical developments in India.
Tools & Resources
The Economic Times, Business Standard, Mint, The Hindu (Business section), RBI website, NITI Aayog reports
Career Connection
Crucial for interviews, group discussions, and staying updated on industry trends, enhancing employability in policy and financial sectors.
Form Study Groups and Peer Learning- (Semester 1-2)
Collaborate with peers to discuss complex topics, solve problems, and prepare for exams. Teaching others reinforces your own understanding and develops communication skills.
Tools & Resources
College library, common study areas, online collaboration tools
Career Connection
Develops teamwork and presentation skills, valuable for corporate and research environments.
Intermediate Stage
Develop Data Analysis and Software Skills- (Semester 3-5)
Learn to use spreadsheet software (MS Excel) for economic data manipulation and basic statistical analysis. Explore introductory modules of statistical software like R or Python for economists through online tutorials or college workshops.
Tools & Resources
MS Excel, online tutorials for R/Python (e.g., DataCamp, Coursera), NPTEL courses on Econometrics
Career Connection
Essential for roles in market research, financial analysis, and any position requiring data interpretation and modeling in India.
Undertake Mini-Research Projects/Case Studies- (Semester 3-5)
Apply economic theories to analyze real-world Indian economic problems or case studies. This could involve small projects on local market trends, policy impacts, or sector-specific analysis, presenting findings to faculty.
Tools & Resources
Research papers, government reports (e.g., Economic Survey of India), academic databases
Career Connection
Builds research aptitude, critical thinking, and report writing skills, highly valued in consulting, research, and policy roles.
Prepare for Competitive Examinations- (Semester 3-5)
Start early preparation for postgraduate entrance exams (e.g., DUET, JNU Entrance) or civil service exams (UPSC Economics Optional). Focus on strengthening conceptual understanding and practicing past papers.
Tools & Resources
Coaching institutes (if desired), previous year question papers, subject-specific guides
Career Connection
Opens doors to prestigious government positions, public sector banks, and top postgraduate programs in India, offering significant career advancement.
Advanced Stage
Seek Internships and Industry Exposure- (Semester 6)
Actively apply for internships with economic research firms, financial institutions, NGOs working on economic development, or government departments. Gain practical experience in data collection, analysis, and report generation.
Tools & Resources
College placement cell, LinkedIn, Internshala, company career pages
Career Connection
Provides invaluable real-world experience, builds professional networks, and significantly boosts placement opportunities in your chosen field.
Advanced Skill Specialization and Certification- (Semester 6)
Consider taking specialized online courses or certifications in areas like Econometrics, Financial Modeling, or specific data analysis tools that align with your career interests. This can differentiate you in the job market.
Tools & Resources
Coursera, edX, NPTEL, certifications from financial analytics platforms
Career Connection
Enhances your resume, demonstrates initiative, and provides specialized skills sought after by employers for niche roles.
Intensive Placement and Career Counseling- (Semester 6)
Work closely with the college''''s placement cell for resume building, mock interviews, and understanding job market trends. Network with alumni to gain insights into various career paths and opportunities in India.
Tools & Resources
Placement cell, career counselors, alumni network, professional networking platforms like LinkedIn
Career Connection
Directly prepares you for successful job placements or admission to higher studies, ensuring a smooth transition into your post-graduation career.
Program Structure and Curriculum
Eligibility:
- Pass in PUC II / 10+2 / equivalent examination from a recognized board.
Duration: 3 years / 6 semesters (General BA), 4 years / 8 semesters (BA Honours/Research)
Credits: 132 credits (for 3-year BA General degree) Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO101 | Principles of Microeconomics - I | Discipline Specific Core (DSC) | 4 | Introduction to Economics and its fundamental problems, Consumer Behaviour: Utility Analysis and Indifference Curve Approach, Demand and Supply Analysis, Elasticity concepts, Production Theory: Production Function, Law of Variable Proportions, Cost Theory: Short Run and Long Run Costs |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO201 | Principles of Microeconomics - II | Discipline Specific Core (DSC) | 4 | Market Structures: Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly, Pricing practices in different market structures, Factor Pricing: Rent, Wages, Interest, Profit theories, Welfare Economics: Pareto Optimality, Market Failures |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO301 | Principles of Macroeconomics - I | Discipline Specific Core (DSC) | 4 | National Income Accounting: Concepts and Measurement, Classical Theory of Employment, Say''''s Law, Keynesian Theory of Employment and Income Determination, Consumption Function: Theories and Determinants, Investment Function and its components |
| BAECO302 | Mathematical Methods for Economics - I | Discipline Specific Core (DSC) | 4 | Basic Algebra: Equations, Simultaneous Equations, Functions: Types and Graphical Representation, Calculus: Differentiation, Rules of Differentiation, Optimization: Maxima and Minima in Economic Applications, Matrices: Basic Operations and Determinants |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO401 | Principles of Macroeconomics - II | Discipline Specific Core (DSC) | 4 | Money: Functions, Demand and Supply of Money, Commercial Banking and Central Banking (RBI), Inflation: Types, Causes and Control Measures, Business Cycles: Phases and Theories, Monetary and Fiscal Policies for Stabilization |
| BAECO402 | Mathematical Methods for Economics - II | Discipline Specific Core (DSC) | 4 | Integral Calculus: Basic Rules and Applications, Differential Equations: First and Second Order, Linear Programming: Formulation and Graphical Solution, Game Theory: Basic Concepts, Nash Equilibrium, Input-Output Analysis: Basic Model and Applications |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO501 | Indian Economy - I | Discipline Specific Core (DSC) | 4 | Structure and Features of Indian Economy, Economic Planning in India, NITI Aayog, Agricultural Sector: Performance, Issues, Policies, Industrial Sector: Growth, Policies, MSMEs, Service Sector: Role and Contribution to GDP |
| BAECO502 | Development Economics - I | Discipline Specific Core (DSC) | 4 | Concepts of Economic Development and Growth, Theories of Economic Growth: Harrod-Domar, Solow, Poverty: Measurement, Causes and Alleviation, Inequality: Income and Wealth Distribution, Human Development: Health, Education, Gender |
| BAECO503A | Environmental Economics | Discipline Specific Elective (DSE) | 3 | Environmental Problems and Economic Growth, Valuation of Environmental Goods and Services, Market Failure and Environmental Externalities, Environmental Policies and Regulations, Economics of Climate Change and Sustainable Development |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO601 | Indian Economy - II | Discipline Specific Core (DSC) | 4 | Foreign Trade: Composition, Direction, Policies, Balance of Payments and Exchange Rate Management, Economic Reforms in India: Liberalization, Privatization, Globalization, Fiscal Federalism and Public Finance, Current Economic Issues: Employment, Inflation, Financial Sector Reforms |
| BAECO602 | Development Economics - II | Discipline Specific Core (DSC) | 4 | Role of State, Market and Civil Society in Development, Globalization and its impact on Developing Countries, International Aid and Foreign Capital, Sustainable Development Goals (SDGs), Regional Disparities and Urbanization |
| BAECO603A | Monetary Economics | Discipline Specific Elective (DSE) | 3 | Theories of Money Demand: Quantity Theory, Keynesian Theory, Theories of Money Supply: Determinants and Multiplier, Commercial Banking: Functions, Credit Creation, Central Banking (RBI): Functions and Monetary Policy Tools, Inflation and Deflation: Causes, Effects and Policy Responses |
