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BACHELOR-OF-ARTS in Economics at Guru Nanak Khalsa College, Yamuna Nagar
Yamuna Nagar, Haryana
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About the Specialization
What is Economics at Guru Nanak Khalsa College, Yamuna Nagar Yamuna Nagar?
This Economics program at Guru Nanak Khalsa College, Yamunanagar focuses on imparting fundamental economic theories and their practical application within the vibrant Indian economic landscape. India''''s rapidly expanding economy and its diverse socio-economic challenges necessitate skilled professionals. This curriculum emphasizes analytical rigor and problem-solving, preparing students for careers addressing India''''s unique policy needs and business dynamics, contributing to the nation''''s ongoing economic transformation.
Who Should Apply?
This program is ideal for recent 10+2 graduates with a keen interest in understanding market forces, government policies, and global economic trends. It attracts individuals aspiring to careers in public service, financial analysis, economic research, or development work. Furthermore, it serves as a robust foundation for those aiming to pursue postgraduate studies in economics or related disciplines, and for competitive examinations in India.
Why Choose This Course?
Graduates of this program can anticipate diverse career opportunities within India''''s public and private sectors. Typical roles include economic analysts, researchers, policy assistants, data associates, and banking professionals. Entry-level salaries generally range from INR 3-6 LPA, with significant growth potential based on experience and further specialization. The program equips students to contribute meaningfully to India''''s economic progress and achieve professional growth.
Student Success Practices
Foundation Stage
Master Microeconomic Fundamentals- (Semester 1-2)
Dedicate time to thoroughly understand core microeconomic concepts like demand-supply, elasticity, and market structures. Apply these concepts to real-world scenarios in India, such as pricing strategies of local businesses or agricultural market dynamics.
Tools & Resources
NCERT Economics textbooks (Classes 11 & 12), Standard Microeconomics textbooks (e.g., Mankiw), Online lectures/tutorials on platforms like NPTEL, Peer study groups for collaborative learning
Career Connection
A strong foundation is crucial for advanced economics study and for analytical roles in market research and business strategy within Indian companies.
Develop Quantitative and Data Interpretation Skills- (Semester 1-2)
Focus on strengthening your mathematical abilities pertinent to economics, including graphical analysis and basic statistics. Practice solving problems and begin familiarizing yourself with spreadsheet software for simple data handling.
Tools & Resources
Microsoft Excel or Google Sheets tutorials, Basic statistics textbooks, Practice problems from economics workbooks, Online quizzes on quantitative aptitude
Career Connection
These skills are essential for future roles in data analysis, financial modeling, and economic forecasting, which are highly sought after in India''''s growing analytics sector.
Cultivate Indian Economic Awareness- (Semester 1-2)
Regularly read leading Indian financial newspapers and economic journals to connect classroom theories with current economic events, government policies, and industry trends specific to India. Engage in discussions about these topics.
Tools & Resources
The Economic Times, Business Standard, Livemint, RBI publications, NITI Aayog reports
Career Connection
This practice enhances your understanding of the Indian policy landscape, crucial for careers in public policy, economic journalism, and competitive civil service exams.
Intermediate Stage
Engage with Macroeconomic Policy Debates- (Semester 3-4)
Deepen your understanding of macroeconomic theories by critically analyzing India''''s fiscal and monetary policies. Participate in college debates or seminars on national economic issues like inflation, unemployment, and economic growth strategies.
Tools & Resources
RBI Annual Reports and Monetary Policy Statements, Union Budget documents, Academic articles on Indian macroeconomics, Discussions with faculty and guest speakers
Career Connection
This prepares you for roles in banking, financial services, government organizations, and economic advisory positions, where understanding India''''s macroeconomic environment is key.
Explore Applied Economics through Mini-Projects- (Semester 4-5)
Undertake small-scale research projects or case studies focused on specific Indian economic challenges or sectors. For instance, analyze the impact of a specific government scheme, or study regional economic disparities within India.
Tools & Resources
Government data portals (e.g., MOSPI, NSSO), Survey tools like Google Forms, Presentation software (PowerPoint, Google Slides), Academic databases for research papers
Career Connection
Develops practical research, analytical, and presentation skills, highly valued by consultancies, research firms, and non-profits working on developmental projects in India.
Seek Internships and Build Professional Networks- (Semester 4-5)
Actively look for summer internships in local businesses, NGOs, research organizations, or government departments in Haryana or nearby regions to gain practical work experience. Attend industry-specific webinars and networking events.
Tools & Resources
College placement cell, Online internship platforms (e.g., Internshala, LinkedIn), Alumni network mentorship, Local Chamber of Commerce events
Career Connection
Internships provide crucial real-world exposure, enhance your resume, and often lead to valuable professional contacts and potential job offers in the Indian job market.
Advanced Stage
Specialize in Advanced Economic Topics- (Semester 6)
Focus intently on your chosen Discipline Specific Electives (e.g., Econometrics, Mathematical Economics, Environmental Economics). Explore advanced concepts and their applications through additional readings and minor research under faculty guidance, especially related to Indian policy contexts.
Tools & Resources
Advanced textbooks specific to chosen electives, Statistical software (e.g., R, Python) for Econometrics, Academic journals (e.g., Indian Economic Journal), Online courses from edX or Coursera
Career Connection
Develops expertise for niche roles in specialized fields like data analytics, economic modeling, or environmental consulting, and provides a strong foundation for master''''s programs in India.
Prepare for Higher Studies or Competitive Examinations- (Semester 6)
If pursuing higher education, begin rigorous preparation for postgraduate entrance exams for top Indian universities (e.g., DU, JNU, Gokhale). If aiming for government jobs, focus on the economics section of UPSC or State PSC exams and general awareness.
Tools & Resources
Previous year''''s question papers for target exams, Specialized coaching materials or online test series, Mock interviews and group discussion practice, Mentorship from successful alumni or faculty
Career Connection
Directly impacts admission to prestigious Indian academic institutions or success in highly competitive government job roles, opening doors to significant career progression.
Refine Interview and Professional Communication Skills- (Semester 6)
Actively participate in mock interviews, group discussions, and resume-building workshops organized by the college''''s placement cell. Practice articulating complex economic ideas clearly and concisely, focusing on common questions in Indian recruitment scenarios.
Tools & Resources
College career counseling services, Online resources for interview preparation, Networking with professionals on LinkedIn, Practice sessions with peers and faculty for feedback
Career Connection
Crucial for securing placements in diverse sectors, excelling in job interviews, and effectively communicating economic insights in professional settings across India.
Program Structure and Curriculum
Eligibility:
- 10+2 examination from Board of School Education Haryana, Bhiwani, or an examination recognized as equivalent thereto, with at least 33% marks.
Duration: 6 semesters / 3 years
Credits: 132 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-1 | Principles of Microeconomics - I | Discipline Specific Core (Economics) | 5 | Introduction to Economics and Economy, Demand and Supply Analysis, Theory of Consumer Behaviour (Utility & Indifference Curve), Theory of Production and Cost, Market Structures: Perfect Competition |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-2 | Principles of Microeconomics - II | Discipline Specific Core (Economics) | 5 | Market Structures: Imperfect Competition (Monopoly, Oligopoly), Theory of Factor Pricing (Rent, Wages), Theory of Factor Pricing (Interest, Profit), Welfare Economics, Externalities and Public Goods |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-3 | Principles of Macroeconomics - I | Discipline Specific Core (Economics) | 5 | Introduction to Macroeconomics, National Income Accounting, Classical Theory of Employment, Keynesian Theory of Employment, Consumption and Investment Functions |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-4 | Principles of Macroeconomics - II | Discipline Specific Core (Economics) | 5 | Money, Inflation and Banking, IS-LM Model, Open Economy Macroeconomics, Fiscal Policy, Monetary Policy and Business Cycles |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-5 | Indian Economy | Discipline Specific Core (Economics) | 5 | Basic Characteristics of Indian Economy, Economic Planning in India, Indian Agriculture, Indian Industry and Services, Economic Reforms and Policy Issues |
| DSE-1 (Option 1) | Mathematical Methods for Economics - I | Discipline Specific Elective (Economics) | 5 | Basic Algebra and Functions, Differential Calculus, Integral Calculus, Matrices and Determinants, Optimization Techniques |
| DSE-1 (Option 2) | Introductory Econometrics | Discipline Specific Elective (Economics) | 5 | Nature and Scope of Econometrics, Simple Linear Regression Model, Multiple Regression Analysis, Problems in Regression Analysis (Multicollinearity), Heteroscedasticity and Autocorrelation |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-6 | Development Economics | Discipline Specific Core (Economics) | 5 | Concepts of Development and Underdevelopment, Theories of Economic Growth, Poverty, Inequality and Human Development, Population and Human Capital, International Trade and Development |
| DSE-2 (Option 1) | Mathematical Methods for Economics - II | Discipline Specific Elective (Economics) | 5 | Advanced Calculus (Partial Derivatives), Difference Equations, Differential Equations, Linear Programming, Game Theory |
| DSE-2 (Option 2) | Environmental Economics | Discipline Specific Elective (Economics) | 5 | Introduction to Environmental Economics, Environmental Problems and Resource Management, Valuation of Environmental Goods and Services, Sustainable Development, Environmental Policy Instruments |
