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BACHELOR-OF-ARTS-HONOURS in Economics at Government Thakur Ranmat Singh College, Rewa
Rewa, Madhya Pradesh
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About the Specialization
What is Economics at Government Thakur Ranmat Singh College, Rewa Rewa?
This Bachelor of Arts (Honours) in Economics program at Government Thakur Ranmat Singh College, Rewa focuses on equipping students with a robust understanding of economic principles, theories, and their real-world applications within the Indian and global contexts. The program provides a strong foundation in both micro and macroeconomics, alongside specialized areas like Indian Economy, Public Finance, and Econometrics, catering to the analytical demands of various sectors in India. Its curriculum is designed to foster critical thinking and problem-solving skills, which are crucial for navigating complex economic challenges.
Who Should Apply?
This program is ideal for fresh graduates from diverse streams (Arts, Commerce, Science) seeking entry into economics-related fields. It also suits individuals passionate about understanding socio-economic dynamics, public policy, and market forces. Aspiring researchers, analysts, government job candidates, and those preparing for competitive exams will find the rigorous curriculum highly beneficial. A strong aptitude for logical reasoning and data interpretation is a helpful prerequisite.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India. Opportunities include roles as economic analysts, data researchers, financial advisors, policy consultants, and positions in government agencies (UPSC, RBI, NITI Aayog), banking, and academia. Entry-level salaries typically range from INR 3-6 lakhs per annum, with significant growth potential for experienced professionals, often reaching INR 8-15 lakhs or more in specialized roles within Indian companies and multinational corporations operating in India. The analytical skills acquired also aid in pursuing advanced degrees like MA Economics, MBA, or Law.
Student Success Practices
Foundation Stage
Master Core Economic Concepts- (Semester 1-2)
Diligently study micro and macroeconomics fundamentals, ensuring clarity on concepts like demand-supply, national income, and inflation. Form study groups to discuss complex topics and use textbooks beyond lecture notes. Regularly solve numerical problems and interpret economic diagrams to build a strong analytical base.
Tools & Resources
NCERT Economics textbooks (Class 11, 12), Mankiw''''s Principles of Economics, Online tutorials on basic economic concepts, Peer study groups
Career Connection
A solid conceptual foundation is indispensable for all advanced economics courses, competitive exams like UPSC/RBI, and entry-level analytical roles requiring basic economic reasoning.
Enhance Quantitative and Communication Skills- (Semester 1-2)
Actively participate in skill enhancement courses (SEC) like Computer Applications and Basic Statistics. Practice data analysis using software like MS Excel. Improve written and verbal communication through debates, presentations, and essay writing in English/Hindi. Read economic news regularly to connect theory with current events.
Tools & Resources
MS Excel, R-Studio (basic), English/Hindi newspaper economic sections, Communication skill workshops, Public speaking clubs
Career Connection
Strong quantitative and communication skills are vital for economic analysis, report writing, and effectively presenting findings in any professional setting or higher studies.
Explore Indian Economic Landscape- (Semester 1-2)
Begin understanding the Indian economic context by reading basic reports from NITI Aayog, RBI, and budget documents. Follow news on key economic indicators like GDP, inflation, and unemployment in India. This foundational awareness will be crucial for the Indian Economy course in later semesters.
Tools & Resources
Economic Survey of India (Summary), RBI Annual Report (Highlights), Financial newspapers (e.g., The Economic Times, Business Standard), NITI Aayog reports
Career Connection
Early exposure to India''''s economic realities fosters contextual understanding, highly valued in government, policy, and research roles focused on the Indian market.
Intermediate Stage
Apply Economic Theory to Indian Context- (Semester 3-4)
Focus on applying micro and macro principles to analyze Indian economic problems like poverty, unemployment, and agricultural challenges. Engage in case studies related to Indian industries and policy interventions. Participate in discussions and assignments that require practical application of theory.
Tools & Resources
Case studies on Indian economic issues, Journals like ''''Economic and Political Weekly'''', Guest lectures by industry experts, Class debates on policy decisions
Career Connection
Developing the ability to apply theory to India-specific scenarios is critical for policy analysis, economic consulting, and research positions in India.
Build Data Analysis Proficiency- (Semester 3-4)
Deepen your statistical knowledge from SEC courses. Learn advanced Excel functions for data manipulation and visualization. Explore introductory statistical software like R or Python for economic data analysis. Work on mini-projects involving real Indian economic datasets.
Tools & Resources
Online courses on R/Python for data science (e.g., Coursera, NPTEL), RBI Data Warehouse (DBIE), National Sample Survey Office (NSSO) data, Advanced Excel tutorials
Career Connection
Proficiency in data analysis is highly sought after for roles in business analytics, market research, financial modeling, and economic forecasting firms in India.
Seek Internships and Research Opportunities- (Semester 3-4)
Actively look for short-term internships during breaks at local NGOs, research organizations, or even small businesses for practical exposure. Engage with professors for minor research projects or data collection assignments. Attend workshops on research methodology.
Tools & Resources
College placement cell, Online internship portals (Internshala), Faculty mentors, University research forums
Career Connection
Internships provide invaluable real-world experience, build professional networks, and are often a prerequisite for good placements in India''''s competitive job market.
Advanced Stage
Specialize and Conduct Independent Research- (Semester 5-6)
Engage deeply with elective courses like Econometrics and Public/International Economics. Begin working on your final year project/dissertation, focusing on a specific economic problem relevant to India. Master econometric software to conduct empirical analysis and contribute original insights.
Tools & Resources
EViews/STATA/R/Python for Econometrics, Research papers (JSTOR, Google Scholar), Departmental research seminars, Thesis writing guides
Career Connection
Independent research showcases analytical rigor, problem-solving abilities, and subject matter expertise, crucial for academic careers, advanced degrees, and specialized research roles.
Prepare for Placements and Higher Studies- (Semester 5-6)
Actively participate in placement preparatory activities organized by the college, including mock interviews, group discussions, and resume building workshops. Research target companies/universities and tailor your skills accordingly. Practice for entrance exams for MA Economics or MBA programs if pursuing higher education.
Tools & Resources
Placement cell resources, Career counseling services, Online aptitude test platforms, Previous year''''s question papers for entrance exams
Career Connection
Targeted preparation enhances employability, ensures smooth transition into desired careers, and improves chances of admission into top postgraduate programs in India.
Network and Engage with the Economic Community- (Semester 5-6)
Attend economics seminars, webinars, and conferences (even online) to stay updated on current economic discourse. Connect with alumni and professionals in your areas of interest on platforms like LinkedIn. Participate in inter-college economics competitions or fests.
Tools & Resources
LinkedIn, Professional economic associations in India (e.g., Indian Economic Association), University alumni network, Economics club activities
Career Connection
Networking opens doors to mentorship, job opportunities, and insights into industry trends, providing a competitive edge in career progression within India.
Program Structure and Curriculum
Eligibility:
- Minimum 45% marks in 10+2 examination or equivalent in any stream (40% for SC/ST/OBC) as per Awadhesh Pratap Singh University admission norms.
Duration: 3 years / 6 semesters
Credits: 120 (minimum for B.A. Honours as per NEP 2020, including Major, Minor, Vocational, Skill, Ability and Value Added courses) Credits
Assessment: Internal: 25% (Continuous Internal Assessment), External: 75% (End Semester Examination) for Theory Papers; Practical/Project ESE 25 marks or 100 marks for Project/Dissertation.
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO MJ-101T | Micro Economics | Major Core Theory | 4 | Introduction to Microeconomics, Theory of Demand and Supply, Consumer Behaviour, Production and Cost Analysis, Market Structures (Perfect Competition) |
| ECO MJ-101P | Micro Economics Practical | Major Core Practical | 2 | Graphical Representation of Economic Data, Elasticity Calculations, Cost Curve Derivation, Consumer Surplus Analysis, Market Equilibrium Problems |
| VOC-1 | Personality Development and Communication Skills | Vocational Course | 4 | Self-awareness and Self-management, Interpersonal Skills, Verbal and Non-Verbal Communication, Presentation Skills, Interview Techniques |
| SEC-1 | Language & Communication Skills (English) | Skill Enhancement Course | 2 | Grammar and Vocabulary, Reading Comprehension, Paragraph and Essay Writing, Public Speaking Basics, Official Communication |
| AEC-1 | Environmental Studies | Ability Enhancement Course | 2 | Ecosystems and Biodiversity, Environmental Pollution, Natural Resources Management, Climate Change, Sustainable Development |
| VAC-1 | Indian Knowledge Tradition | Value Added Course | 2 | Ancient Indian Science and Technology, Indian Philosophical Systems, Arts and Literature in Ancient India, Contributions to Mathematics and Astronomy, Ethical Frameworks |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO MJ-201T | Macro Economics | Major Core Theory | 4 | National Income Accounting, Theories of Employment (Classical, Keynesian), Consumption and Investment Functions, Money and Banking, Inflation and Deflation |
| ECO MJ-201P | Macro Economics Practical | Major Core Practical | 2 | Computation of National Income, Multiplier and Accelerator Analysis, Monetary Policy Instruments, Fiscal Policy Effects, Measurement of Inflation |
| VOC-2 | Digital Marketing | Vocational Course | 4 | Introduction to Digital Marketing, Search Engine Optimization (SEO), Social Media Marketing, Content Marketing, Email Marketing and Analytics |
| SEC-2 | Computer Application Skills | Skill Enhancement Course | 2 | MS Word for Documentation, MS Excel for Data Analysis, MS PowerPoint for Presentations, Internet Browsing and Email Etiquette, Basic Cyber Security |
| AEC-2 | Hindi Language | Ability Enhancement Course | 2 | Hindi Grammar and Syntax, Prose and Poetry Analysis, Letter Writing in Hindi, Translation Skills, Public Speaking in Hindi |
| VAC-2 | Yoga and Meditation | Value Added Course | 2 | Introduction to Yoga, Asanas for Physical Health, Pranayama (Breathing Techniques), Meditation for Mental Well-being, Yoga Philosophy |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO MJ-301T | Indian Economy | Major Core Theory | 4 | Basic Characteristics of Indian Economy, Economic Planning and Reforms in India, Agriculture Sector and Rural Development, Industrial Sector Growth and Challenges, Service Sector and Economic Policies |
| ECO MJ-301P | Indian Economy Practical | Major Core Practical | 2 | Analysis of Indian GDP Components, Poverty and Unemployment Data Analysis, Agricultural Productivity Trends, Industrial Growth Indicators, Regional Disparities in India |
| VOC-3 | Financial Literacy and Banking | Vocational Course | 4 | Basics of Personal Finance, Banking Products and Services, Investment Options (Stocks, Mutual Funds), Insurance and Risk Management, Digital Payments and Cybersecurity |
| SEC-3 | Basic Statistics | Skill Enhancement Course | 2 | Data Collection and Organization, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression Basics, Probability Concepts |
| AEC-3 | Constitutional Values and Fundamental Duties | Ability Enhancement Course | 2 | Preamble and Basic Structure, Fundamental Rights, Directive Principles of State Policy, Fundamental Duties, Constitutional Amendments and Spirit |
| VAC-3 | Swachh Bharat Abhiyan | Value Added Course | 2 | Importance of Sanitation and Hygiene, Solid Waste Management, Water Conservation, Community Participation in Cleanliness Drives, Impact of Swachh Bharat Abhiyan |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO MJ-401T | Development and Environmental Economics | Major Core Theory | 4 | Theories of Economic Development, Indicators of Development (HDI, PQLI), Poverty, Inequality and Unemployment, Environmental Problems and Policies, Sustainable Development Goals |
| ECO MJ-401P | Development and Environmental Economics Practical | Major Core Practical | 2 | Calculation of Development Indicators, Environmental Cost-Benefit Analysis, Resource Depletion Models, Population Growth Models, Policy Implications for Sustainable Growth |
| VOC-4 | Entrepreneurship Development | Vocational Course | 4 | Concept of Entrepreneurship, Identifying Business Opportunities, Business Plan Preparation, Sources of Finance for Startups, Marketing Strategies for New Ventures |
| SEC-4 | Data Analysis with Excel | Skill Enhancement Course | 2 | Basic Excel Functions (Formulas, Referencing), Data Cleaning and Validation, Data Visualization (Charts, Graphs), Pivot Tables and Lookups, Statistical Tools in Excel |
| AEC-4 | Scientific Temper and Citizenship | Ability Enhancement Course | 2 | Concept of Scientific Temper, Critical Thinking and Rationality, Role of Science in Society, Rights and Responsibilities of Citizens, Promoting Democratic Values |
| VAC-4 | Ethics and Culture | Value Added Course | 2 | Moral and Ethical Principles, Cultural Diversity of India, Role of Values in Society, Impact of Globalization on Culture, Promoting Ethical Conduct |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO MJ-501T | Public Finance | Major Core Theory | 4 | Role of Government in the Economy, Public Expenditure, Sources of Public Revenue (Taxation), Public Debt Management, Fiscal Policy and its Instruments |
| ECO MJ-501P | Public Finance Practical | Major Core Practical | 2 | Analysis of Government Budgets, Tax Incidence and Shifting, Fiscal Deficit and its Components, Cost-Benefit Analysis of Public Projects, Debt Sustainability Analysis |
| ECO MJ-502T | International Economics | Major Core Theory | 4 | Theories of International Trade, Terms of Trade, Balance of Payments, Exchange Rate Systems, Trade Policies and WTO |
| ECO MJ-502P | International Economics Practical | Major Core Practical | 2 | Balance of Payments Account Construction, Exchange Rate Determination Models, Impact of Tariffs and Quotas, Analysis of Trade Agreements, Foreign Direct Investment Trends |
| ECO DSE-501 | Agricultural Economics | Discipline Specific Elective | 4 | Role of Agriculture in Indian Economy, Agricultural Production and Productivity, Agricultural Finance and Marketing, Food Security and Public Distribution System, Agricultural Policies and Reforms |
| ECO DSE-502 | Industrial Economics | Discipline Specific Elective | 4 | Industrial Structure and Classification, Market Concentration and Performance, Industrial Location and Globalization, Small Scale and Cottage Industries, Industrial Policies in India |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO MJ-601T | Econometrics | Major Core Theory | 4 | Introduction to Econometrics, Simple Regression Model, Multiple Regression Model, Problems in Regression Analysis (Multicollinearity, Heteroscedasticity), Time Series Analysis Basics |
| ECO MJ-601P | Econometrics Practical | Major Core Practical | 2 | Data Input and Management in Software (e.g., EViews, R, Python), Running Simple and Multiple Regressions, Interpreting Regression Outputs, Diagnostic Testing of Regression Assumptions, Forecasting using Econometric Models |
| ECO MJ-602T | History of Economic Thought | Major Core Theory | 4 | Mercantilism and Physiocracy, Classical School (Adam Smith, David Ricardo), Marxian Economics, Neoclassical Economics, Keynesian Revolution and Post-Keynesian Thought |
| ECO PROJ-601 | Project Work / Dissertation | Project | 6 | Research Problem Identification, Literature Review and Hypothesis Formulation, Research Methodology and Data Collection, Data Analysis and Interpretation, Report Writing and Presentation |
