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BA-HONOURS in Economics at Goswami Ganesh Dutta S.D. College
Chandigarh, Chandigarh
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About the Specialization
What is Economics at Goswami Ganesh Dutta S.D. College Chandigarh?
This BA (Honours) Economics program at Goswami Ganesh Dutta Sanatan Dharma College, affiliated with Panjab University, focuses on equipping students with a robust understanding of economic theories, analytical tools, and their application to real-world scenarios. It delves into microeconomics, macroeconomics, econometrics, and Indian economic policy, aligning with the evolving demands of the Indian job market and global economic landscape. The program distinguishes itself through a comprehensive CBCS curriculum, fostering critical thinking and quantitative skills vital for economic analysis.
Who Should Apply?
This program is ideal for high school graduates with a strong aptitude for analytical thinking and an interest in societal issues, public policy, and business dynamics. It suits students aspiring for careers in research, government service, financial analysis, or further studies in economics and related fields. Individuals aiming to understand the intricate workings of the Indian and global economy, contribute to policy-making, or pursue entrepreneurial ventures will find this specialization particularly rewarding.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, data scientists, research associates, financial consultants, or civil servants. Entry-level salaries typically range from INR 3-6 lakhs per annum, with significant growth potential up to INR 10-15 lakhs or more with experience and advanced qualifications. The strong analytical foundation prepares students for competitive exams like UPSC and for professional certifications in finance or data analytics, fostering upward mobility in Indian companies and public sector undertakings.
Student Success Practices
Foundation Stage
Master Economic Fundamentals and Mathematical Tools- (Semester 1-2)
Dedicate significant time to understanding core micro and macro principles and concurrently strengthen mathematical foundations (calculus, linear algebra). Utilize online resources like Khan Academy for math refreshers and NPTEL lectures for economic concepts. Participate actively in tutorials and problem-solving sessions.
Tools & Resources
Textbooks, NPTEL lectures, Khan Academy, Tutorials, Study Groups
Career Connection
A strong foundation in these areas is crucial for advanced economic analysis and quantitative roles in finance, research, and data science, making future learning and career progression smoother.
Cultivate Critical Thinking through Economic Debates- (Semester 1-2)
Regularly engage in discussions on current economic affairs, both within and outside the classroom. Form a debate club or join existing college forums to analyze policy implications, news articles, and economic reports from an informed perspective. Focus on connecting theoretical concepts to real-world Indian economic challenges.
Tools & Resources
Economic Times, Livemint, RBI reports, IEA debates, Departmental seminars
Career Connection
Develops analytical prowess, communication skills, and an awareness of economic policy, essential for roles in public policy, journalism, and consulting.
Develop Academic Writing and Research Skills- (Semester 1-2)
Practice writing concise summaries, analytical essays, and short research papers. Seek feedback from professors on assignments to refine articulation and argumentation. Learn proper citation styles and ethical research practices early on. Collaborate with peers on small research projects to enhance learning.
Tools & Resources
Academic journals, Writing centers, Grammarly, Mendeley/Zotero for citations
Career Connection
Crucial for higher studies, academic roles, and any professional work requiring clear, structured communication and evidence-based reporting, valued across all sectors.
Intermediate Stage
Gain Proficiency in Statistical Software for Economic Data- (Semester 3-4)
Actively seek opportunities to learn and apply statistical software such as R, Python (with Pandas/NumPy), or Stata/EViews, beyond classroom basics. Work on small, self-initiated data projects using publicly available Indian economic datasets (e.g., from NSSO, RBI, MOSPI).
Tools & Resources
R/Python (Jupyter notebooks), Stata/EViews (university labs), Coursera/edX courses, Kaggle datasets
Career Connection
Essential for roles in econometrics, data analysis, business intelligence, and research, directly enhancing employability in the data-driven Indian economy.
Undertake Mini-Research Projects and Case Studies- (Semester 3-5)
Collaborate with faculty or peers on short research projects focusing on specific Indian economic issues or industry case studies. Present findings in department seminars or college competitions. This builds practical research experience and deepens understanding of specialized topics.
Tools & Resources
Faculty guidance, Departmental journals, Economic research institutions'''' reports, College research fairs
Career Connection
Showcases initiative, research aptitude, and problem-solving skills, highly valued by employers for internships and entry-level analyst positions in India.
Network and Seek Mentorship from Industry Professionals- (Semester 3-5)
Attend industry webinars, guest lectures, and alumni meet-ups. Connect with professionals on LinkedIn, seeking informational interviews or mentorship. Understanding current industry trends and career paths from experienced individuals is invaluable for career planning in India.
Tools & Resources
LinkedIn, Alumni network, Industry events (online/offline), Department career cells
Career Connection
Opens doors to internships, job opportunities, and provides real-world insights into various economic fields, aiding in informed career choices and professional development.
Advanced Stage
Engage in Internships and Real-world Economic Analysis- (Semester 5-6)
Secure internships with financial institutions, research organizations, NGOs, or government departments. Apply theoretical knowledge to practical problems, analyze real data, and contribute to ongoing projects. Seek feedback and build a portfolio of work.
Tools & Resources
Internship portals (Internshala, LinkedIn), Company career pages, Faculty references
Career Connection
Provides invaluable industry exposure, practical skills, and networking opportunities, significantly boosting placement prospects and readiness for the Indian job market.
Intensive Placement and Higher Studies Preparation- (Semester 5-6)
Begin rigorous preparation for competitive exams (UPSC, RBI Grade B, IES) or entrance exams for PG programs (MA Economics, MBA). Focus on mock tests, group discussions, and personal interview preparation. Tailor resumes and cover letters to target specific roles or universities.
Tools & Resources
Coaching institutes (if applicable), Online test series, Career counselling cells, Alumni mentors
Career Connection
Directly prepares students for their chosen career paths, whether in government, academia, or corporate sectors, ensuring they meet the stringent selection criteria of top Indian employers and universities.
Develop Advanced Analytical Skills through Electives and Projects- (Semester 5-6)
Choose Discipline Specific Electives (DSEs) strategically to specialize in areas like Public Economics, Financial Economics, or International Economics. Undertake a capstone project or dissertation in your chosen area, applying advanced econometric techniques and independent research, showcasing expertise.
Tools & Resources
Advanced textbooks, Research papers, Statistical software, Faculty supervisors
Career Connection
Deepens expertise in a specific domain, making graduates highly specialized and attractive to niche roles in research, policy analysis, and financial markets within India, demonstrating a strong capability for independent work.
Program Structure and Curriculum
Eligibility:
- 10+2 examination with minimum 50% marks in aggregate (45% for SC/ST/BC category) from a recognized board.
Duration: 3 years (6 semesters)
Credits: 132 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-C1 | Introductory Microeconomics | Core | 6 | Basic Economic Problems, Demand and Supply, Consumer Behaviour, Production and Costs, Perfect Competition |
| ECN-C2 | Mathematical Methods for Economics-I | Core | 6 | Real Numbers and Set Theory, Functions and Graphs, Limits and Continuity, Differentiation Rules, Applications of Differentiation |
| AECC-I | Environmental Studies | Ability Enhancement Compulsory Course | 4 | Multidisciplinary Nature of Environmental Studies, Ecosystems and Biodiversity, Natural Resources Management, Environmental Pollution and Control, Social Issues and the Environment |
| GE-1 | Generic Elective - I (from other Disciplines) | Elective | 6 | Topics vary based on student''''s choice from a pool of courses offered by other departments, Examples include courses from History, Political Science, Sociology, Psychology, etc. |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-C3 | Introductory Macroeconomics | Core | 6 | National Income Accounting, Classical and Keynesian Systems, Money, Banking and Inflation, Aggregate Demand and Supply, Fiscal and Monetary Policies |
| ECN-C4 | Mathematical Methods for Economics-II | Core | 6 | Integration Techniques, Matrices and Determinants, Solving Linear Equation Systems, Constrained Optimization, Applications in Economics |
| AECC-II | English Communication | Ability Enhancement Compulsory Course | 4 | Theory of Communication, Listening and Reading Skills, Writing Skills and Grammar, Speaking Skills and Presentations, Non-verbal Communication |
| GE-2 | Generic Elective - II (from other Disciplines) | Elective | 6 | Topics vary based on student''''s choice from a pool of courses offered by other departments, Examples include courses from History, Political Science, Sociology, Psychology, etc. |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-C5 | Intermediate Microeconomics-I | Core | 6 | Consumer Theory: Utility and Choice, Indifference Curve Analysis, Demand and Supply Derivations, Production Theory: Functions and Returns, Cost Theory: Short Run and Long Run Costs |
| ECN-C6 | Intermediate Macroeconomics-I | Core | 6 | IS-LM Model: Goods and Money Markets, Aggregate Demand and Supply Analysis, Inflation and Unemployment Trade-offs, Business Cycles, Monetary and Fiscal Policy Impacts |
| ECN-C7 | Statistical Methods for Economics | Core | 6 | Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Skewness, Correlation and Regression Analysis, Index Numbers and Time Series |
| SEC-1 | Data Analysis (Example SEC) | Skill Enhancement Course | 4 | Introduction to Data and Data Types, Sources of Economic Data, Methods of Data Presentation, Basic Statistical Software Usage, Interpretation of Data |
| GE-3 | Generic Elective - III (from other Disciplines) | Elective | 6 | Topics vary based on student''''s choice from a pool of courses offered by other departments, Examples include courses from History, Political Science, Sociology, Psychology, etc. |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-C8 | Intermediate Microeconomics-II | Core | 6 | Monopoly and Oligopoly Markets, Monopolistic Competition, Factor Markets and Income Distribution, General Equilibrium and Welfare Economics, Externalities and Public Goods |
| ECN-C9 | Intermediate Macroeconomics-II | Core | 6 | Open Economy Macroeconomics, Exchange Rate Determination, Balance of Payments, International Capital Flows, Monetary and Fiscal Policy in Open Economy |
| ECN-C10 | Introductory Econometrics | Core | 6 | Nature and Scope of Econometrics, Two Variable Regression Model, Multiple Regression Analysis, Problems in Regression Analysis, Forecasting and Policy Analysis |
| SEC-2 | Computer Application for Economic Analysis (Example SEC) | Skill Enhancement Course | 4 | MS Excel for Economic Data Management, Statistical Functions in Excel, Data Visualization and Graphing, Introduction to Statistical Software (e.g., SPSS, R basics), Applications in Economic Modeling |
| GE-4 | Generic Elective - IV (from other Disciplines) | Elective | 6 | Topics vary based on student''''s choice from a pool of courses offered by other departments, Examples include courses from History, Political Science, Sociology, Psychology, etc. |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-C11 | Indian Economy-I | Core | 6 | Basic Characteristics of Indian Economy, Economic Planning in India, Agriculture Sector Performance and Reforms, Industrial Sector Growth and Policy, Economic Reforms and Liberalization |
| ECN-C12 | Development Economics-I | Core | 6 | Concepts of Economic Development and Growth, Poverty, Inequality and Malnutrition, Human Capital: Health and Education, Population Growth and Development, Theories of Economic Growth |
| DSE-1 | Public Economics (Example DSE) | Discipline Specific Elective | 6 | Public Goods and Externalities, The Role of Government in an Economy, Taxation: Principles and Structure, Public Expenditure Analysis, Fiscal Policy and Public Debt |
| DSE-2 | International Economics (Example DSE) | Discipline Specific Elective | 6 | Theories of International Trade, Trade Policy: Tariffs and Non-Tariff Barriers, Balance of Payments Accounts, Foreign Exchange Market, International Monetary System |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-C13 | Indian Economy-II | Core | 6 | Services Sector Growth in India, India''''s External Sector and Trade Policy, Role of State and Market in India, Contemporary Economic Challenges, Recent Economic Policies and Reforms |
| ECN-C14 | Development Economics-II | Core | 6 | Agriculture and Rural Development, Microfinance and Self-Help Groups, Poverty Alleviation Programs, Gender and Development, Sustainable Development Goals |
| DSE-3 | Money and Banking (Example DSE) | Discipline Specific Elective | 6 | Money Supply and Demand Theories, Commercial Banking Functions, Central Banking: RBI''''s Role, Monetary Policy Tools and Objectives, Financial Institutions and Markets Overview |
| DSE-4 | Financial Institutions and Markets (Example DSE) | Discipline Specific Elective | 6 | Structure of Financial System, Money Market Instruments, Capital Market Operations, Financial Innovation and Derivatives, Regulation of Financial Markets |
