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BA in Economics at Government First Grade College, Heggadadevanakote
Mysuru, Karnataka
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About the Specialization
What is Economics at Government First Grade College, Heggadadevanakote Mysuru?
This Economics Honours program at Government First Grade College, Mysuru focuses on developing a deep understanding of economic theories, policies, and their application to real-world issues in the Indian context. Emphasizing both theoretical foundations and quantitative analysis, the program equips students with critical thinking and problem-solving skills crucial for navigating India''''s dynamic economic landscape, from policy formulation to market analysis.
Who Should Apply?
This program is ideal for aspiring economists, policy analysts, financial researchers, and data scientists. It caters to fresh graduates seeking entry into government services, NGOs, financial institutions, and academic research roles in India. Individuals passionate about understanding economic phenomena, contributing to policy-making, and analyzing market trends will find this specialization highly rewarding, building on a strong analytical aptitude.
Why Choose This Course?
Graduates of this program can expect diverse India-specific career paths in economic advisory, banking, investment analysis, public administration, and research. Entry-level salaries typically range from INR 3-6 lakhs per annum, with experienced professionals earning significantly more in leading Indian companies and government bodies. Growth trajectories are strong, leading to leadership roles in economic planning and strategic decision-making, often aligning with certifications in data analytics or financial modeling.
Student Success Practices
Foundation Stage
Build Strong Economic Fundamentals- (Semester 1-2)
Focus on thoroughly understanding core micro and macroeconomics concepts. Utilize textbooks, online lectures (e.g., NPTEL, Swayam), and engage in active classroom discussions. Form study groups to clarify doubts and solve conceptual problems collaboratively.
Tools & Resources
NPTEL courses on Economics, Khan Academy Economics, NCERT Economics books (Class 11 & 12) for basics
Career Connection
A strong foundation is crucial for advanced subjects and competitive exams like UPSC, RBI Grade B, or IES, which are highly competitive in India.
Enhance Quantitative Skills Early- (Semester 1-2)
Actively participate in vocational courses like Banking and Financial Services and use tools like MS Excel for basic data analysis. Practice quantitative problems regularly to build a strong base for econometrics and statistical applications in later semesters. Consider joining a basic coding club.
Tools & Resources
MS Excel Tutorials, Online courses on basic statistics for economists, Introduction to Python for Data Analysis
Career Connection
Quantitative aptitude is highly valued by employers in finance, analytics, and research roles across India, improving internship and job prospects.
Cultivate Interdisciplinary Perspective- (Semester 1-2)
Leverage open electives and value-added courses to broaden your knowledge beyond economics. Explore subjects like psychology, sociology, or environmental science to understand their interplay with economic phenomena. This helps in developing a holistic view of societal challenges.
Tools & Resources
University''''s Open Elective Catalogue, TED Talks on interdisciplinary topics, Books on current affairs and societal issues
Career Connection
Policy-making and development sector roles in India often require an interdisciplinary approach, making graduates versatile and more employable.
Intermediate Stage
Deep Dive into Indian Economic Issues- (Semester 3-5)
Engage deeply with courses like Indian Economy and Development Economics. Regularly read economic newspapers (e.g., The Economic Times, Business Standard) and magazines (e.g., Yojana, Kurukshetra). Participate in college debates or essay competitions on current economic affairs. Follow NITI Aayog reports.
Tools & Resources
The Economic Times, Livemint, Yojana and Kurukshetra magazines, NITI Aayog publications
Career Connection
Crucial for roles in economic journalism, public policy analysis, government services, and think tanks focused on India''''s growth story.
Develop Data Analysis and Software Proficiency- (Semester 3-5)
Master data analysis skills from SEC courses like Data Analysis for Economic Decisions and Computer Applications in Economics. Practice using statistical software (e.g., R, Python, Stata, SPSS) and apply them to economic datasets. Look for online tutorials and mini-projects.
Tools & Resources
R/Python programming tutorials, Coursera/edX courses on Econometrics software, Kaggle for economic datasets
Career Connection
Essential for roles in data analytics, market research, financial modeling, and economic consulting, highly sought after in India''''s booming tech and finance sectors.
Explore Electives and Build a Niche- (Semester 5-6)
Strategically choose Discipline Specific Electives (DSEs) based on your career interests (e.g., Financial Economics for banking, Environmental Economics for sustainability). Seek guidance from faculty on which electives align with your long-term goals. Consider attending webinars and workshops on these specialized areas.
Tools & Resources
Departmental faculty advisors, Online seminars on specialized economic fields, Industry reports and journals
Career Connection
Specialized knowledge helps differentiate you in the job market, opening doors to specific roles in finance, environmental policy, agriculture, or industrial sectors in India.
Advanced Stage
Undertake Research Projects and Internships- (Semester 5-8)
Actively engage in the Research Projects components (Sem 5-7) and the Major Research Project (Sem 8). Seek out internships with research institutions, economic consultancies, or government bodies during summer breaks to gain practical research experience. This is crucial for developing independent analytical skills.
Tools & Resources
University career services for internships, Networking with professors for research opportunities, Research journals and databases
Career Connection
Hands-on research experience and publications (even minor ones) are highly valued for postgraduate studies (MA/Ph.D.) and research-oriented roles in India and abroad.
Master Advanced Econometric and Quantitative Methods- (Semester 7-8)
Dedicate significant effort to Quantitative Techniques for Economics and both Econometrics-I and Econometrics-II. Work on complex models, learn to interpret results critically, and apply them to real-world economic problems. These skills are a cornerstone for advanced economic analysis.
Tools & Resources
Advanced Econometrics textbooks, Online forums for statistical software, Real-world case studies for application
Career Connection
Indispensable for roles requiring rigorous data analysis, forecasting, and policy evaluation in government, financial analytics, and economic research firms.
Prepare for Higher Education and Career Placement- (Semester 7-8)
Begin preparing for entrance exams for Master''''s programs in Economics (e.g., DSE, JNU, IGIDR, ISI) or competitive civil services exams (UPSC) early on. Attend placement preparation workshops, hone interview skills, and build a strong professional network. Focus on refining your dissertation for academic or professional showcases.
Tools & Resources
Coaching centers for entrance exams, University placement cell services, LinkedIn for professional networking, Mock interview platforms
Career Connection
Directly impacts securing admission to top Indian and international universities for further studies or high-impact placements in core economic sectors and public service.
Program Structure and Curriculum
Eligibility:
- Pass in 10+2 or PUC or equivalent examination
Duration: 4 years / 8 semesters
Credits: 156 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| L1-1 | Kannada / Any other Language | Compulsory Language | 3 | Grammar and Syntax, Prose and Poetry, Writing Skills, Cultural Context, Communication |
| L2-1 | English | Compulsory Language | 3 | Reading Comprehension, Basic Grammar, Composition Skills, Spoken English, Literary Texts |
| BAECDSC1 | Microeconomics-I | Core (Discipline Specific Course - DSC) | 4 | Basic Economic Problems, Demand and Supply Analysis, Consumer Behavior, Production Function, Cost of Production |
| BAECVC1 | Banking and Financial Services | Vocational Course (VC) | 2 | Indian Financial System, Commercial Banking, Central Banking (RBI), Financial Markets, Digital Banking |
| AEC-1 | Indian Constitution | Ability Enhancement Compulsory Course (AECC) | 2 | Constituent Assembly, Fundamental Rights, Directive Principles, Union & State Legislature, Local Self-Government |
| VAC-1 | Health & Wellness | Value Added Course (VAC) | 2 | Physical Health, Mental Wellbeing, Nutrition Basics, Yoga and Meditation, Healthy Lifestyle Choices |
| OE-1 | Open Elective (Interdisciplinary) | Open Elective | 4 | Interdisciplinary topics from Arts, Humanities, Sciences, Commerce, Social Sciences |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| L1-2 | Kannada / Any other Language | Compulsory Language | 3 | Advanced Grammar, Literary Criticism, Translation Techniques, Cultural Studies, Public Speaking |
| L2-2 | English | Compulsory Language | 3 | Creative Writing, Literary Forms, Communication Strategies, Presentation Skills, Advanced Grammar |
| BAECDSC2 | Macroeconomics-I | Core (Discipline Specific Course - DSC) | 4 | National Income Accounting, Determination of Output, Money and Banking, Inflation, Open Economy Macroeconomics |
| BAECVC2 | Principles of Insurance | Vocational Course (VC) | 2 | Concept of Insurance, Life Insurance, General Insurance, Risk Management, IRDA and Regulations |
| AEC-2 | Environmental Studies | Ability Enhancement Compulsory Course (AECC) | 2 | Ecosystems and Biodiversity, Environmental Pollution, Global Environmental Issues, Environmental Management, Sustainable Development |
| VAC-2 | Digital Fluency | Value Added Course (VAC) | 2 | Digital Literacy, Online Communication, Cyber Security Basics, E-governance Services, Digital Tools for Learning |
| OE-2 | Open Elective (Interdisciplinary) | Open Elective | 4 | Interdisciplinary topics from Arts, Humanities, Sciences, Commerce, Social Sciences |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| L1-3 | Kannada / Any other Language | Compulsory Language | 3 | Literary Genres, Poetics and Rhetoric, Cultural Heritage, Advanced Composition, Contemporary Issues |
| L2-3 | English | Compulsory Language | 3 | Academic Writing, Research Skills, Critical Reading, Argumentative Essays, Technical Communication |
| BAECDSC3 | Microeconomics-II | Core (Discipline Specific Course - DSC) | 4 | Market Structures, Factor Pricing, Welfare Economics, General Equilibrium, Market Failures |
| BAECVC3 | Rural Development & Co-operation | Vocational Course (VC) | 2 | Rural Economy, Poverty Alleviation Programs, Rural Credit Systems, Cooperatives and SHGs, Microfinance Institutions |
| BAECSEC1 | Data Analysis for Economic Decisions | Skill Enhancement Course (SEC) | 2 | Introduction to Data, Data Collection Methods, Measures of Central Tendency, Measures of Dispersion, Index Numbers |
| VAC-3 | Scientific Temperament | Value Added Course (VAC) | 2 | Scientific Method, Rational Thinking, Critical Inquiry, Logical Reasoning, Evidence-based Decision Making |
| OE-3 | Open Elective (Interdisciplinary) | Open Elective | 4 | Interdisciplinary topics from Arts, Humanities, Sciences, Commerce, Social Sciences |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| L1-4 | Kannada / Any other Language | Compulsory Language | 3 | Theatre and Performance, Folklore and Oral Traditions, Regional Literature, Creative Expression, Contemporary Literary Forms |
| L2-4 | English | Compulsory Language | 3 | Professional Communication, Business English, Report Writing, Public Relations, Cross-Cultural Communication |
| BAECDSC4 | Macroeconomics-II | Core (Discipline Specific Course - DSC) | 4 | Consumption and Investment, Monetary Policies, Fiscal Policies, Business Cycles, Economic Growth Theories |
| BAECVC4 | Basics of Taxation | Vocational Course (VC) | 2 | Introduction to Taxation, Direct Taxes (Income Tax), Indirect Taxes (GST), Tax Planning Basics, Tax Administration |
| BAECSEC2 | Computer Applications in Economics | Skill Enhancement Course (SEC) | 2 | Introduction to Computers, MS Excel for Economics, Data Visualization Tools, Statistical Software (basic), Internet for Research |
| VAC-4 | Art of Happiness | Value Added Course (VAC) | 2 | Emotional Intelligence, Positive Psychology, Stress Management, Mindfulness Practices, Social Responsibility |
| OE-4 | Open Elective (Interdisciplinary) | Open Elective | 4 | Interdisciplinary topics from Arts, Humanities, Sciences, Commerce, Social Sciences |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECDSC5 | Indian Economy-I | Core (Discipline Specific Course - DSC) | 4 | Structure of Indian Economy, Economic Planning, Agriculture Sector, Industrial Sector, Service Sector |
| BAECDSC6 | Development Economics-I | Core (Discipline Specific Course - DSC) | 4 | Concepts of Development, Theories of Economic Growth, Poverty and Inequality, Population and Development, Human Capital |
| BAECDSE1A | Economics of Growth and Development | Discipline Specific Elective (DSE) - Option A | 4 | Theories of Growth, Development Models, Dual Economy Models, Poverty Traps, Human Development Index |
| BAECDSE1B | Econometrics | Discipline Specific Elective (DSE) - Option B | 4 | Basic Econometrics, Simple Regression, Multiple Regression, Hypothesis Testing, Forecasting Models |
| BAECDSE1C | Public Economics | Discipline Specific Elective (DSE) - Option C | 4 | Public Goods, Externalities, Public Revenue, Public Expenditure, Fiscal Policy |
| BAECDSE1D | International Economics | Discipline Specific Elective (DSE) - Option D | 4 | Theories of International Trade, Trade Policy, Balance of Payments, Exchange Rates, International Economic Institutions |
| BAECDSE2A | Environmental Economics | Discipline Specific Elective (DSE) - Option A | 4 | Environmental Problems, Valuation of Environment, Environmental Policy, Sustainable Development, Climate Change Economics |
| BAECDSE2B | Agricultural Economics | Discipline Specific Elective (DSE) - Option B | 4 | Agriculture in India, Agricultural Production, Agricultural Marketing, Farm Policy, Food Security Issues |
| BAECDSE2C | Industrial Economics | Discipline Specific Elective (DSE) - Option C | 4 | Industrial Structure, Market Concentration, Industrial Policies, Firm Behavior, Mergers and Acquisitions |
| BAECDSE2D | Financial Economics | Discipline Specific Elective (DSE) - Option D | 4 | Financial Markets, Asset Valuation, Portfolio Theory, Risk Management, Corporate Finance |
| BAECRP1 | Research Project-1 / Internship | Research Component | 4 | Research Design, Literature Review, Data Collection Methods, Methodology Selection, Preliminary Analysis |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECDSC7 | Indian Economy-II | Core (Discipline Specific Course - DSC) | 4 | Foreign Trade and FDI, Fiscal Policy Framework, Monetary Policy Management, Social Sector Development, Economic Reforms in India |
| BAECDSC8 | Development Economics-II | Core (Discipline Specific Course - DSC) | 4 | Sustainable Development, International Aid, Globalisation Impacts, Environmental Economics, Development Policy |
| BAECDSE3A | Labour Economics | Discipline Specific Elective (DSE) - Option A | 4 | Labour Market Dynamics, Wage Theories, Unemployment Issues, Trade Unions, Labour Welfare Policies |
| BAECDSE3B | Demography | Discipline Specific Elective (DSE) - Option B | 4 | Population Theories, Fertility Rates, Mortality Patterns, Migration Trends, Population Policy |
| BAECDSE3C | Health Economics | Discipline Specific Elective (DSE) - Option C | 4 | Health Care Markets, Demand for Health, Health Financing, Health Policy, Disease Burden Analysis |
| BAECDSE3D | Urban Economics | Discipline Specific Elective (DSE) - Option D | 4 | Urbanisation Trends, Land Use Economics, Housing Markets, Urban Transportation, Urban Planning |
| BAECDSE4A | Rural Economics | Discipline Specific Elective (DSE) - Option A | 4 | Rural Development, Agrarian Structure, Rural Poverty, Rural Finance, Rural Industries |
| BAECDSE4B | Gender Economics | Discipline Specific Elective (DSE) - Option B | 4 | Gender Inequality, Female Labour Force, Gender and Development, Women Empowerment, Gender Budgeting |
| BAECDSE4C | Behavioral Economics | Discipline Specific Elective (DSE) - Option C | 4 | Cognitive Biases, Heuristics and Shortcuts, Prospect Theory, Intertemporal Choice, Nudge Theory |
| BAECDSE4D | Managerial Economics | Discipline Specific Elective (DSE) - Option D | 4 | Demand Analysis, Production Decisions, Cost Analysis, Pricing Strategies, Capital Budgeting |
| BAECRP2 | Research Project-2 / Internship | Research Component | 4 | Advanced Data Collection, Statistical Software Application, Ethical Considerations, Intermediate Data Analysis, Report Writing Basics |
Semester 7
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECDSC9 | Quantitative Techniques for Economics | Core (Discipline Specific Course - DSC) | 4 | Mathematical Methods, Differential Calculus, Integral Calculus, Matrix Algebra, Optimization Techniques |
| BAECDSC10 | Econometrics-I | Core (Discipline Specific Course - DSC) | 4 | Simple Linear Regression, Multiple Regression Analysis, OLS Assumptions, Hypothesis Testing, Dummy Variables |
| BAECDSE5A | Financial Institutions and Markets | Discipline Specific Elective (DSE) - Option A | 4 | Financial System Structure, Money Market, Capital Market, Banking Institutions, Non-Banking Financial Companies |
| BAECDSE5B | Industrial Organisation | Discipline Specific Elective (DSE) - Option B | 4 | Market Structure, Firm Conduct, Performance Evaluation, Market Regulation, Game Theory Applications |
| BAECDSE5C | Regional Economics | Discipline Specific Elective (DSE) - Option C | 4 | Regional Growth Theories, Location Theory, Regional Disparities, Regional Planning, Urbanization Dynamics |
| BAECDSE5D | Resource Economics | Discipline Specific Elective (DSE) - Option D | 4 | Natural Resources, Resource Scarcity, Sustainable Resource Management, Renewable Resources, Non-Renewable Resources |
| BAECDSE6A | Advanced Microeconomics | Discipline Specific Elective (DSE) - Option A | 4 | Consumer Theory, Producer Theory, General Equilibrium, Game Theory, Information Economics |
| BAECDSE6B | Advanced Macroeconomics | Discipline Specific Elective (DSE) - Option B | 4 | Dynamic Macroeconomics, Rational Expectations, Business Cycle Models, Economic Growth Theories, Fiscal & Monetary Policy |
| BAECDSE6C | Mathematical Economics | Discipline Specific Elective (DSE) - Option C | 4 | Static Analysis, Comparative Statics, Optimization Techniques, Dynamic Analysis, Game Theory Applications |
| BAECDSE6D | Welfare Economics | Discipline Specific Elective (DSE) - Option D | 4 | Social Welfare Functions, Pareto Optimality, Market Failure, Public Choice Theory, Income Distribution |
| BAECRP3 | Research Project-3 | Research Component | 4 | Advanced Research Methodology, Quantitative Modeling, Qualitative Analysis, Interpretation of Results, Drafting Research Paper |
Semester 8
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECDSC11 | Econometrics-II | Core (Discipline Specific Course - DSC) | 4 | Time Series Models, Panel Data Models, Simultaneous Equation Models, Limited Dependent Variable Models, Forecasting Techniques |
| BAECDSC12 | Research Methodology for Economics | Core (Discipline Specific Course - DSC) | 4 | Research Design, Data Collection Strategies, Sampling Techniques, Report Writing Standards, Ethics in Research |
| BAECPROJ | Major Research Project (Dissertation) | Project | 8 | In-depth Literature Survey, Data Analysis and Interpretation, Model Building and Testing, Thesis Writing and Formatting, Viva Voce and Presentation |
