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BA in Economics at Huda Group of Institutions
Nagaon, Assam
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About the Specialization
What is Economics at Huda Group of Institutions Nagaon?
This BA Economics program at Huda Group of Institutions, following the Gauhati University curriculum, focuses on developing a strong theoretical and empirical foundation in economic principles. It delves into microeconomic and macroeconomic theories, mathematical and statistical methods, and critical issues concerning the Indian economy, preparing students for various analytical roles in the dynamic Indian economic landscape. The program is designed to meet the growing demand for skilled economists in policy-making and corporate sectors across India.
Who Should Apply?
This program is ideal for fresh 10+2 graduates with a keen interest in understanding economic phenomena, aspiring civil servants, or those aiming for postgraduate studies in Economics. It also suits individuals seeking foundational knowledge for careers in finance, research, or public policy in India. No prior economics background is strictly required, but a strong aptitude for analytical thinking and quantitative methods is beneficial for success in this challenging field.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, data scientists, research associates in think tanks, or positions in banking and financial services. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience to INR 8-15+ LPA for experienced professionals. The curriculum provides a solid base for competitive exams like UPSC and for pursuing higher education such as MA Economics or MBA, leading to leadership roles in Indian and multinational corporations.
Student Success Practices
Foundation Stage
Build a Strong Quantitative Foundation- (Semester 1-2)
Dedicate time to master mathematical and statistical methods essential for economics. Regularly practice problems from textbooks and supplementary materials, focusing on concepts like calculus, linear algebra, and probability. Form study groups to tackle complex quantitative assignments together.
Tools & Resources
NCERT Mathematics books (Class 11 & 12), Alpha C. Chiang ''''Fundamental Methods of Mathematical Economics'''', Khan Academy for basic concepts
Career Connection
Strong quantitative skills are crucial for higher studies in economics, analytical roles in finance, and effective economic policy analysis, significantly enhancing employability in data-driven roles.
Cultivate Critical Reading and Analytical Skills- (Semester 1-2)
Engage deeply with economic theories and current affairs. Read reputable economic newspapers (e.g., The Economic Times, Business Standard) and magazines (e.g., The Economist) regularly. Practice summarizing articles and critiquing economic arguments to develop an analytical mindset.
Tools & Resources
The Economic Times, Livemint, Project Syndicate, Journals like Economic and Political Weekly
Career Connection
These skills are vital for roles in journalism, policy analysis, research, and any position requiring informed decision-making based on complex information.
Active Participation and Peer Learning- (Semester 1-2)
Actively participate in classroom discussions, present on economic topics, and form peer study groups. Teaching concepts to others solidifies your own understanding and exposes you to different perspectives, fostering a collaborative learning environment.
Tools & Resources
Classroom discussions, Study group meetings, Online forums for economics students
Career Connection
Enhances communication skills, teamwork, and ability to articulate complex ideas, which are highly valued in any professional setting, especially in collaborative project environments.
Intermediate Stage
Apply Economic Concepts to Indian Context- (Semester 3-4)
Focus on understanding how macroeconomic policies and microeconomic principles operate within the Indian economic framework. Analyze government budgets, RBI policies, and sector-specific issues through an economic lens. Engage in projects analyzing real-world Indian economic data.
Tools & Resources
RBI website, Ministry of Finance documents, NITI Aayog reports, National Sample Survey Office NSSO data
Career Connection
Directly prepares students for roles in government services, public sector undertakings, and private companies operating in India, providing contextual expertise.
Develop Data Analysis and Software Proficiency- (Semester 3-4)
Acquire practical skills in data handling and analysis using statistical software. Attend workshops or take online courses to gain proficiency in tools like R, Python for data science, or Stata/EViews for econometrics. Apply these tools to analyze economic datasets.
Tools & Resources
R/Python (Jupyter Notebooks), Stata/EViews (academic licenses), Coursera/edX courses on data analysis
Career Connection
These are highly sought-after skills for roles as data analysts, business intelligence specialists, and research assistants in various industries across India.
Engage in Economic Debates and Competitions- (Semester 3-4)
Participate in college-level or inter-collegiate economic debates, essay competitions, and quizzes. This enhances knowledge retention, improves public speaking, and sharpens quick analytical thinking. Follow current economic events closely.
Tools & Resources
Debate clubs, Quiz societies, Economics departmental events
Career Connection
Boosts confidence, improves competitive readiness, and hones critical thinking and articulation, valuable for interviews and professional interactions.
Advanced Stage
Pursue Internships and Research Projects- (Semester 5-6)
Seek internships in economic research firms, NGOs, financial institutions, or government departments. Undertake independent research projects under faculty guidance, focusing on specific areas of interest within economics. This provides practical exposure and builds a strong portfolio.
Tools & Resources
Internship portals (Internshala, LinkedIn), Faculty mentorship, Access to university libraries and databases
Career Connection
Offers invaluable industry experience, networking opportunities, and a tangible demonstration of skills, significantly boosting placement prospects and graduate school applications.
Specialize and Prepare for Higher Education/Job Market- (Semester 5-6)
Based on interests, choose DSE papers wisely. Start preparing for postgraduate entrance exams (e.g., JNU, DSE, ISI, IGIDR for MA Economics) or competitive exams (UPSC, RBI Grade B) if career aspirations lie there. Tailor your resume and practice mock interviews.
Tools & Resources
Entrance exam study materials, Career counseling services, Mock interview platforms
Career Connection
Directly aligns with specific career goals, ensuring targeted preparation whether for advanced academic pursuits or direct entry into specialized professional roles.
Develop Professional Networking and Soft Skills- (Semester 5-6)
Attend economics seminars, webinars, and industry talks. Network with faculty, alumni, and professionals in the field. Simultaneously, refine soft skills like presentation, negotiation, and teamwork, which are critical for career advancement.
Tools & Resources
LinkedIn, Industry conferences, Alumni networks, Communication workshops
Career Connection
Opens doors to mentorship, job opportunities, and collaborative ventures. Strong soft skills are universally valued and can differentiate candidates in a competitive job market.
Program Structure and Curriculum
Eligibility:
- 10+2 pass from a recognized board in any stream, as per Gauhati University norms.
Duration: 3 years / 6 semesters
Credits: 148 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-1016 | Microeconomics-I | Core | 6 | Introduction to Economics, Consumer Behavior, Demand Analysis, Production Theory, Cost Concepts |
| ECO-HC-1026 | Mathematical Methods for Economics-I | Core | 6 | Basic Mathematics for Economics, Functions and Graphs, Differentiation Applications, Optimization Techniques, Introduction to Integration |
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course | 4 | Concept of Environment, Ecosystems and Biodiversity, Natural Resources and Management, Environmental Pollution, Sustainable Development |
| ECO-HG-1016 | Introductory Microeconomics | Generic Elective | 6 | Economic Problems and Scarcity, Demand, Supply and Market Equilibrium, Theories of Consumer Behaviour, Production and Costs, Market Structures |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-2016 | Microeconomics-II | Core | 6 | Perfect Competition, Monopoly and Price Discrimination, Oligopoly Models, Monopolistic Competition, Factor Market Analysis |
| ECO-HC-2026 | Mathematical Methods for Economics-II | Core | 6 | Linear Algebra and Vector Spaces, Matrix Algebra and Determinants, Differential Equations in Economics, Difference Equations, Input-Output Analysis |
| AECC-2 | English Communication | Ability Enhancement Compulsory Course | 4 | Grammar and Vocabulary, Reading Comprehension, Writing Skills, Oral Communication, Presentation Skills |
| ECO-HG-2016 | Introductory Macroeconomics | Generic Elective | 6 | Macroeconomic Variables, National Income Accounting, Classical Theory of Employment, Keynesian Theory of Income Determination, Inflation and Unemployment |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-3016 | Macroeconomics-I | Core | 6 | National Income Accounting, Determination of Output and Employment, Classical Model, Keynesian Model, Money and Banking |
| ECO-HC-3026 | Statistical Methods for Economics | Core | 6 | Descriptive Statistics, Probability Theory, Sampling and Estimation, Hypothesis Testing, Correlation and Regression Analysis |
| ECO-HC-3036 | Indian Economy-I | Core | 6 | Economic Development since Independence, Agrarian Structure and Policy, Industrial Policy and Reforms, Poverty and Inequality, Employment and Unemployment |
| ECO-SE-3014 | Data Analysis | Skill Enhancement Course | 4 | Sources of Economic Data, Data Presentation Techniques, Spreadsheet Operations, Introduction to Statistical Software, Interpretation of Results |
| ECO-HG-3016 | Public Finance | Generic Elective | 6 | Role of Government in the Economy, Public Goods and Externalities, Principles of Taxation, Public Expenditure, Fiscal Policy |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-4016 | Macroeconomics-II | Core | 6 | IS-LM Model, Open Economy Macroeconomics, Exchange Rate Regimes, Monetary Policy, Fiscal Policy |
| ECO-HC-4026 | Introductory Econometrics | Core | 6 | Simple Linear Regression Model, Multiple Regression Analysis, Classical Linear Regression Model Assumptions, Dummy Variables, Introduction to Time Series Models |
| ECO-HC-4036 | Indian Economy-II | Core | 6 | Services Sector in India, External Sector and Trade Policy, Economic Reforms and Liberalization, Financial Sector Developments, Regional Disparities and Development |
| ECO-SE-4014 | Research Methodology | Skill Enhancement Course | 4 | Research Problem Formulation, Research Design Types, Data Collection Methods, Questionnaire Design, Report Writing and Ethics |
| ECO-HG-4016 | Money and Banking | Generic Elective | 6 | Functions and Evolution of Money, Financial System Structure, Commercial Banking Operations, Central Bank and Monetary Policy, Financial Markets |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-5016 | International Economics | Core | 6 | Theories of International Trade, Trade Policy Instruments, Balance of Payments, Foreign Exchange Markets, International Economic Organizations |
| ECO-HC-5026 | Development Economics-I | Core | 6 | Concepts of Economic Development, Theories of Economic Growth, Poverty and Malnutrition, Inequality and Income Distribution, Human Capital Development |
| ECO-HD-5016 | Public Economics | Discipline Specific Elective | 6 | Public Revenue and Taxation, Public Expenditure Analysis, Public Debt Management, Fiscal Federalism, Budgetary Policy |
| ECO-HD-5026 | Environmental Economics | Discipline Specific Elective | 6 | Environmental Problems and Economic Growth, Market Failure and Externalities, Environmental Policy Instruments, Climate Change Economics, Sustainable Development |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-6016 | Development Economics-II | Core | 6 | Population and Development, Agriculture and Industrialization, Health and Education, International Aid and Development, Microfinance and Rural Development |
| ECO-HC-6026 | Indian Fiscal System | Core | 6 | Indian Tax Structure, Goods and Services Tax GST, Union and State Budgets, Fiscal Responsibility and Budget Management, Public Debt Management in India |
| ECO-HD-6016 | Financial Economics | Discipline Specific Elective | 6 | Financial Markets and Institutions, Capital Market Operations, Money Market Instruments, Investment Appraisal Techniques, Risk and Return in Finance |
| ECO-HD-6026 | Econometrics | Discipline Specific Elective | 6 | Time Series Econometrics, Panel Data Models, Limited Dependent Variable Models, Econometric Forecasting, Model Specification and Selection |
