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M-COM in Economics at DR. RAM MANOHAR LOHIA MAHAVIDYALAYA, JURIA (JALIHAPUR)
Kanpur Dehat, Uttar Pradesh
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About the Specialization
What is Economics at DR. RAM MANOHAR LOHIA MAHAVIDYALAYA, JURIA (JALIHAPUR) Kanpur Dehat?
This Business Economics program at Dr. Ram Manohar Lohia Mahavidyalaya focuses on applying economic theories and quantitative methods to real-world business decision-making. It equips students with analytical tools to understand market dynamics, assess policy impacts, and formulate strategic choices. In the Indian context, this specialization is crucial for navigating complex economic landscapes, understanding regulatory environments, and fostering sustainable business growth across various sectors.
Who Should Apply?
This program is ideal for commerce graduates, particularly those with a strong foundation in economics or quantitative subjects, seeking to understand the economic underpinnings of business operations. It also suits working professionals aiming to enhance their analytical skills for strategic roles in finance, market research, or economic policy analysis within Indian firms. Individuals aspiring for careers in economic consulting or public sector economic roles will also find this beneficial.
Why Choose This Course?
Graduates can expect to pursue career paths as economic analysts, market researchers, financial planners, or policy consultants in India. Entry-level salaries typically range from INR 3-6 LPA, growing significantly with experience to 10-15 LPA in mid-senior roles. The program prepares students for positions in banks, financial institutions, research firms, government bodies, and corporate strategy departments, with a strong emphasis on data-driven decision-making relevant to the dynamic Indian economy.
Student Success Practices
Foundation Stage
Master Core Economic & Business Fundamentals- (Semester 1-2)
Focus diligently on understanding foundational subjects like Managerial Economics, Business Statistics, and Corporate Financial Accounting. Utilize textbooks, online tutorials (e.g., NPTEL, Coursera''''s introductory courses), and peer study groups to clarify concepts and solve problems effectively.
Tools & Resources
NPTEL, Coursera, Academic textbooks, Peer study groups
Career Connection
A strong grasp of these fundamentals is critical for all higher-level economics and business courses, forming the bedrock for analytical roles in any industry and improving problem-solving abilities.
Develop Essential Business Software and Communication Skills- (Semester 1-2)
Actively engage in Computer Applications in Business and Professional Communication Skills. Gain proficiency in MS Office (especially Excel for data analysis), learn to create impactful presentations, and practice effective verbal and written communication crucial for corporate interactions.
Tools & Resources
Microsoft Office Suite, LinkedIn Learning for Excel/PowerPoint, College communication workshops, Mock interview sessions
Career Connection
These are universal transferable skills highly valued across all sectors, making graduates more employable for various business roles requiring data handling and client interaction.
Cultivate Awareness of Indian Economic Landscape- (Semester 1-2)
Regularly read leading financial newspapers (e.g., Economic Times, Business Standard) and follow reputable economic news channels. Understand key economic indicators, government policies, and major industry developments relevant to India. This broadens perspective and informs future specialization choices.
Tools & Resources
Economic Times, Business Standard, Livemint, RBI reports, NITI Aayog publications, Financial news channels
Career Connection
Demonstrating an informed perspective on the Indian economy is a significant advantage in interviews and for roles requiring economic insights and strategic planning.
Intermediate Stage
Deep Dive into Business Economics Specialization- (Semester 3-4)
Focus intensely on specialized subjects like International Economics, Monetary Economics, and Indian Economy. Go beyond textbooks by reading current economic journals, research papers, and policy documents from institutions like the RBI, IMF, and World Bank. Actively participate in class discussions and debates on economic issues.
Tools & Resources
JSTOR, EconLit, RBI Bulletins, Economic Survey of India, IMF/World Bank reports, Advanced NPTEL courses on economics
Career Connection
This deep specialization provides the specific domain knowledge required for roles as economic analysts, market researchers, and policy advisors, demonstrating expertise in complex economic concepts.
Undertake a Practical Research Project- (Semester 4)
For DSE-BE-402 (Research Project/Dissertation), identify a relevant and impactful research topic within Business Economics. Learn to design research, collect and analyze data using statistical software (e.g., SPSS, R), and present findings clearly. Seek constant feedback from your faculty mentor.
Tools & Resources
SPSS, R/Python for data analysis, Google Scholar, University library databases, Research methodology guides
Career Connection
A well-executed research project showcases analytical ability, problem-solving skills, and provides a strong portfolio piece, particularly for research and consulting roles in economic domains.
Engage in Economic Debates & Competitions- (Semester 3-4)
Join college economics clubs or online forums to participate in economic quizzes, case study competitions, and policy debates. This hones critical thinking, public speaking, and the ability to apply economic principles to real-world scenarios, preparing you for competitive environments.
Tools & Resources
College economics societies, Inter-college competitions, Online economic forums (e.g., Reddit''''s economics subreddits for discussion)
Career Connection
Participation demonstrates initiative, sharpens analytical skills, and helps in networking with peers and faculty, which can lead to future collaborations or opportunities in the economic sector.
Advanced Stage
Pursue Relevant Internships & Live Projects- (Throughout Semesters 3-4)
Actively seek internships in financial institutions, market research firms, or economic consulting agencies, ideally during Semesters 3 or 4. This provides invaluable practical experience and industry exposure, allowing you to apply classroom knowledge to real business problems.
Tools & Resources
College placement cell, LinkedIn, Internshala, Company websites, Networking events
Career Connection
Internships are crucial for gaining industry experience, building a professional network, and often lead to pre-placement offers, significantly boosting employability and career prospects.
Master Advanced Data Analysis Tools- (Semester 3-4)
Beyond basic statistics, learn advanced data analysis techniques and software highly valued in economics roles, such as econometrics using EViews or Stata, and data visualization tools like Tableau. Focus on interpreting complex economic data sets effectively.
Tools & Resources
EViews, Stata, Tableau, Advanced Excel functions, Online certification courses in these tools
Career Connection
Proficiency in advanced data tools makes you highly competitive for roles in business intelligence, data analytics, and economic modeling, commanding higher salaries and specialized positions.
Targeted Placement Preparation & Interview Skills- (Semester 4 (especially last few months))
Begin rigorous preparation for placements early. This includes professional resume building, practicing mock interviews (technical and HR), engaging in group discussion practice, and revising core economic concepts. Network with alumni in desired roles for insights and guidance.
Tools & Resources
College placement workshops, Online interview platforms (e.g., Glassdoor, InterviewBit), Professional resume services, Alumni network
Career Connection
Strategic placement preparation ensures you are well-equipped to ace interviews and secure desirable job offers in your chosen economic or business field, leading to successful career launch.
Program Structure and Curriculum
Eligibility:
- B.Com/B.BA/B.A. (Economics) from a recognized University.
Duration: 2 years (4 semesters)
Credits: 112 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-101 | Corporate Financial Accounting | Core | 6 | Advanced Accounting Issues, Company Accounts, Accounting Standards, Valuation of Shares, Consolidated Financial Statements |
| CC-102 | Business Environment | Core | 6 | Economic Environment, Social & Cultural Environment, Political & Legal Environment, Technological Environment, Global Environment |
| CC-103 | Managerial Economics | Core | 6 | Demand Analysis, Production Analysis, Cost Analysis, Pricing Policies, Market Structures |
| CC-104 | Business Statistics | Core | 6 | Statistical Techniques, Probability Distributions, Hypothesis Testing, Correlation & Regression Analysis, Time Series Analysis |
| VAC-101 | Professional Communication Skills | Value Added Course | 2 | Communication Process, Oral Communication, Written Communication, Presentation Skills, Group Discussion |
| SEC-101 | Computer Applications in Business | Skill Enhancement Course | 2 | MS Office Applications, Internet & E-commerce, Data Security, Accounting Software (Tally), Database Management |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-201 | Corporate Legal Framework | Core | 6 | Company Law, Contract Act, Partnership Act, Consumer Protection Act, Cyber Laws |
| CC-202 | Organisational Behaviour | Core | 6 | Foundations of OB, Personality & Perception, Motivation Theories, Group Dynamics & Teamwork, Leadership & Conflict Management |
| CC-203 | Marketing Management | Core | 6 | Marketing Concepts, Product Decisions, Pricing Strategies, Promotion Decisions, Distribution Channels |
| CC-204 | Research Methodology | Core | 6 | Research Design, Data Collection Methods, Sampling Techniques, Data Analysis Tools, Report Writing |
| VAC-201 | Entrepreneurship Development | Value Added Course | 2 | Entrepreneurial Process, Business Plan Preparation, Sources of Finance, Government Policies for Startups, Innovation & Creativity |
| SEC-201 | Human Resource Development | Skill Enhancement Course | 2 | HR Planning, Recruitment & Selection, Training & Development, Performance Management, Employee Welfare |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-301 | Financial Management | Core | 6 | Financial Decisions, Capital Budgeting, Working Capital Management, Cost of Capital, Dividend Policy |
| CC-302 | International Business | Core | 6 | Theories of International Business, WTO & Trade Policies, Foreign Exchange Management, International Financial Markets, Global Marketing Strategies |
| DSE-BE-301 | International Economics | Discipline Specific Elective (Business Economics) | 6 | Theories of International Trade, Terms of Trade, Balance of Payments, Exchange Rate Theories, International Economic Organizations |
| DSE-BE-302 | Monetary Economics | Discipline Specific Elective (Business Economics) | 6 | Money Supply & Demand, Inflation Theories, Monetary Policy Instruments, Role of Reserve Bank of India, Financial Markets & Institutions |
| OE-301 | Open Elective | Open Elective | 2 | |
| SEC-301 | Digital Marketing | Skill Enhancement Course | 2 | Search Engine Optimization (SEO), Search Engine Marketing (SEM), Social Media Marketing, Content Marketing, Email Marketing |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-401 | Strategic Management | Core | 6 | Strategic Planning, Environmental Analysis, Strategy Formulation, Strategy Implementation, Strategic Control & Evaluation |
| DSE-BE-401 | Indian Economy | Discipline Specific Elective (Business Economics) | 6 | Structure of Indian Economy, Economic Reforms in India, Agriculture & Industrial Sector, Service Sector Growth, Poverty, Unemployment & Inequality |
| DSE-BE-402 | Research Project/Dissertation | Discipline Specific Elective (Business Economics) & Project | 6 | Research Topic Selection, Literature Review, Research Methodology, Data Analysis & Interpretation, Report Writing & Presentation |
| OE-401 | Open Elective | Open Elective | 2 | |
| SEC-401 | Corporate Social Responsibility | Skill Enhancement Course | 2 | CSR Concepts & Principles, Stakeholder Engagement, Ethical Business Practices, Sustainability Reporting, CSR Initiatives in India |
