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BSC-HONOURS in Economics at K. K. Das College
South 24 Parganas, West Bengal
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About the Specialization
What is Economics at K. K. Das College South 24 Parganas?
This Economics Honours program at K. K. Das College focuses on providing a robust foundation in economic theory, empirical methods, and policy analysis relevant to the Indian context. The curriculum, affiliated with the University of Calcutta, is designed to equip students with analytical skills to understand complex economic phenomena, from microeconomic decisions to macroeconomic trends, and their implications for India''''s growing economy. It emphasizes both theoretical rigor and practical application.
Who Should Apply?
This program is ideal for high school graduates with a strong aptitude for mathematics and analytical thinking, aspiring to understand and contribute to economic policy, research, or financial sectors in India. It also suits individuals planning for postgraduate studies in economics, management, or related fields, including those aiming for civil services and other competitive examinations in India.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India as economic analysts, data scientists, research assistants, or roles in banking, finance, and consulting firms. Entry-level salaries typically range from INR 3 to 6 Lakhs per annum, with experienced professionals earning INR 8-15 Lakhs or more. The program provides a solid base for advanced degrees and positions in government organizations like the RBI, NITI Aayog, or the Indian Economic Service.
Student Success Practices
Foundation Stage
Master Economic Fundamentals- (Semester 1-2)
Develop a strong understanding of introductory microeconomics and macroeconomics concepts by consistently attending lectures, solving problem sets, and reading core textbooks. Focus on clarifying doubts with professors and forming study groups to discuss complex theories.
Tools & Resources
NCERT Economics books, NPTEL/Coursera introductory economics courses, Peer study groups
Career Connection
A solid conceptual foundation is crucial for excelling in higher semesters and for any career in economics, providing the base for advanced analysis and policy understanding.
Enhance Quantitative Skills- (Semester 1-2)
Dedicate time to improving mathematical and statistical abilities, which are indispensable for economics. Practice regularly with problems involving calculus, algebra, and basic statistics. Utilize online resources to supplement classroom learning and build confidence in quantitative methods.
Tools & Resources
Khan Academy (for math refreshers), NPTEL on Mathematical Methods for Economics, Regular practice of textbook exercises
Career Connection
Strong quantitative skills are highly valued in roles like data analysis, financial modeling, and economic research, directly impacting placement opportunities in analytics-driven companies.
Engage with Economic News and Discussions- (Semester 1-2)
Cultivate a habit of reading national and international economic news daily, following major economic developments, and understanding their implications. Participate in college''''s economics clubs or departmental seminars to debate and discuss current economic issues.
Tools & Resources
The Economic Times, Livemint, Business Standard, RBI''''s publications, College Economics Club
Career Connection
Being well-informed about the economy enhances critical thinking and communication skills, making students more articulate and attractive to employers in policy, journalism, and consulting.
Intermediate Stage
Apply Theory to Indian Economic Context- (Semester 3-4)
When studying Indian Economy and Development Economics, actively connect theoretical frameworks to India''''s real-world challenges and policies. Analyze case studies, government reports, and socio-economic data specific to India to understand practical applications of economic principles.
Tools & Resources
Economic Survey of India, NITI Aayog reports, EPW (Economic and Political Weekly) articles, CMIE data
Career Connection
This practical understanding is invaluable for roles in public policy, government sectors, development organizations, and research institutions focused on India.
Develop Econometric Software Proficiency- (Semester 3-4)
Gain hands-on experience with statistical and econometric software. Start with basic data entry and descriptive statistics, then progress to regression analysis and hypothesis testing. Utilize the college''''s computer lab facilities or open-source software for practical application.
Tools & Resources
R/Python (with ''''RStudio''''/''''Jupyter''''), STATA (if available), SPSPro / EViews (student versions)
Career Connection
Proficiency in econometric software is a direct pathway to data analyst, quantitative researcher, and business intelligence roles, which are in high demand across Indian industries.
Participate in Academic Competitions and Internships- (Semester 3-4)
Actively seek out and participate in economic quizzes, essay competitions, and case study challenges organized by the college or other institutions. Begin looking for short-term internships, even if unpaid, to gain exposure to real-world work environments and build a professional network.
Tools & Resources
College career cell, Online platforms like Internshala, Departmental competition notices, LinkedIn for networking
Career Connection
Such experiences enhance problem-solving skills, provide practical exposure, and are strong resume builders, making students competitive for placements and further studies.
Advanced Stage
Undertake a Research Project or Dissertation- (Semester 5-6)
Utilize the knowledge gained in econometrics and development economics to undertake a substantial research project or dissertation. Choose a topic of interest, collect relevant data, apply appropriate analytical methods, and present findings, possibly under faculty guidance.
Tools & Resources
Academic journals (JSTOR, Google Scholar), Statistical software, University library resources, Faculty mentorship
Career Connection
A strong research project demonstrates independent thinking, analytical rigor, and subject mastery, which is highly valued for postgraduate admissions and research-oriented careers.
Strategic Specialization and Skill Enhancement- (Semester 5-6)
Carefully select Discipline Specific Electives (DSEs) based on career aspirations. If interested in finance, choose Financial Economics; for policy, focus on Environmental or Applied Econometrics. Simultaneously, pursue certifications in advanced data analysis, financial modeling, or policy analysis.
Tools & Resources
Coursera/edX for specialized certifications, NPTEL advanced courses, Industry webinars and workshops
Career Connection
Specialized skills make students more attractive to niche roles in banking, consulting, environmental policy, or international trade, increasing employability and potential salary.
Intensive Placement and Higher Studies Preparation- (Semester 5-6)
Engage in rigorous preparation for campus placements, competitive exams (e.g., UPSC, RBI Grade B, IES), or entrance exams for Master''''s programs. This includes aptitude tests, group discussions, mock interviews, and refining communication skills. Network actively with alumni and industry professionals.
Tools & Resources
College placement cell, Online test series (BYJU''''S, EduRev), Alumni network events, Professional networking platforms
Career Connection
Dedicated preparation directly impacts success rates for securing desired placements in top companies or gaining admission to prestigious universities for higher education, securing future career growth.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 6 semesters / 3 years
Credits: 140 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Multidisciplinary nature of environmental studies, Natural Resources, Ecosystems, Biodiversity and its Conservation, Environmental Pollution, Social Issues and the Environment, Human Population and the Environment |
| CC-1 | Introductory Microeconomics | Core Course | 6 | Exploring the Subject Matter of Economics, Supply and Demand, Consumer Theory, Production and Cost, Perfect Competition, Market Failure and Welfare Economics |
| CC-2 | Introductory Macroeconomics | Core Course | 6 | Introduction to Macroeconomics and National Income Accounting, Determination of Output and Employment, The IS-LM Model, Inflation, Balance of Payment, Money and Banking |
| GE-1 | Generic Elective - I | Generic Elective | 6 | Student''''s choice from other disciplines offered by the college |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-2 | English Communication / MIL | Ability Enhancement Compulsory Course | 2 | Theory of Communication, Reading Comprehension, Writing Skills, Verbal Communication, Group Discussion and Interview Skills |
| CC-3 | Intermediate Microeconomics-I | Core Course | 6 | Consumer Theory: Preferences and Utility, Consumer Theory: Choice and Demand, Producer Theory: Production Function, Producer Theory: Cost Functions, Market Structure: Perfect Competition, Market Structure: Monopoly |
| CC-4 | Intermediate Macroeconomics-I | Core Course | 6 | Classical versus Keynesian Systems, National Income Accounting Revisited, Consumption Theories, Investment Theories, Government Role in Economy, Open Economy |
| GE-2 | Generic Elective - II | Generic Elective | 6 | Student''''s choice from other disciplines offered by the college |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-5 | Intermediate Microeconomics-II | Core Course | 6 | General Equilibrium and Welfare Economics, Market Failure, Oligopoly, Game Theory, Externalities and Public Goods |
| CC-6 | Intermediate Macroeconomics-II | Core Course | 6 | IS-LM Model Revisited, Aggregate Demand and Aggregate Supply, Inflation and Unemployment, Open Economy Macroeconomics, Fiscal and Monetary Policy Effectiveness |
| CC-7 | Indian Economy-I | Core Course | 6 | Economic Development: Concepts and Approaches, Indian Economy at Independence, Policy Regimes: 1950-1990, Growth and Distribution, Population and Human Development |
| SEC-1A | Data Analysis (Option A) | Skill Enhancement Course (Choice-based) | 2 | Introduction to Statistical Software, Data Entry and Organization, Descriptive Statistics, Hypothesis Testing, Regression Analysis |
| SEC-1B | Research Methodology (Option B) | Skill Enhancement Course (Choice-based) | 2 | Introduction to Research, Research Design, Data Collection Methods, Sampling Techniques, Data Analysis and Interpretation, Report Writing |
| GE-3 | Generic Elective - III | Generic Elective | 6 | Student''''s choice from other disciplines offered by the college |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-8 | Introductory Econometrics | Core Course | 6 | Nature and Scope of Econometrics, Simple Linear Regression Model, Multiple Regression Model, Problems in Regression Analysis (Multicollinearity, Heteroscedasticity), Dummy Variables, Introduction to Time Series Models |
| CC-9 | Indian Economy-II | Core Course | 6 | Macroeconomic Policies and Reforms, Agriculture Sector: Issues and Policies, Industry Sector: Structure and Growth, Services Sector: Contribution and Challenges, Foreign Trade and Investment, Financial Sector Reforms |
| CC-10 | Development Economics-I | Core Course | 6 | Conceptions of Development, Theories of Economic Growth, Poverty and Inequality, Population and Development, Education and Health: Human Capital |
| SEC-2A | Money and Banking (Option A) | Skill Enhancement Course (Choice-based) | 2 | Definition and Functions of Money, Commercial Banks: Functions and Credit Creation, Central Bank: Functions and Role, Monetary Policy: Tools and Objectives, Financial Markets and Instruments |
| SEC-2B | Public Finance (Option B) | Skill Enhancement Course (Choice-based) | 2 | Role of Government in a Market Economy, Public Goods and Externalities, Budget and Fiscal Policy, Public Debt, Fiscal Federalism in India |
| GE-4 | Generic Elective - IV | Generic Elective | 6 | Student''''s choice from other disciplines offered by the college |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-11 | History of Economic Thought | Core Course | 6 | Early Economic Thought (Mercantilism, Physiocracy), Classical School (Adam Smith, David Ricardo), Marxian Economics, Neoclassical Economics (Marshall, Walras), Keynesian Revolution, Modern Economic Thought and Development |
| CC-12 | Mathematical Methods for Economics-II | Core Course | 6 | Functions of Several Variables, Optimization Techniques, Constrained Optimization, Integration, Dynamic Analysis (Differential and Difference Equations) |
| DSE-1A | Applied Econometrics (Option A) | Discipline Specific Elective (Choice-based) | 6 | Review of Basic Econometrics, Panel Data Models, Time Series Econometrics, Limited Dependent Variable Models, Simultaneous Equation Models |
| DSE-1B | Environmental Economics (Option B) | Discipline Specific Elective (Choice-based) | 6 | Introduction to Environmental Economics, Environmental Valuation Methods, Environmental Policy Instruments, Climate Change Economics, Sustainable Development |
| DSE-1C | Financial Economics (Option C) | Discipline Specific Elective (Choice-based) | 6 | Financial Markets and Institutions, Asset Pricing Models, Portfolio Theory, Derivatives (Futures, Options), Risk Management |
| DSE-1D | International Economics (Option D) | Discipline Specific Elective (Choice-based) | 6 | Theories of International Trade, Trade Policy Instruments, Balance of Payments, Exchange Rate Determination, International Monetary System |
| DSE-2 | Discipline Specific Elective - II | Discipline Specific Elective (Choice-based) | 6 | Student''''s choice from the remaining DSE options listed for semester 5/6 |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-13 | Statistical Methods for Economics | Core Course | 6 | Probability Theory, Random Variables and Probability Distributions, Sampling Distributions, Estimation Theory, Hypothesis Testing, Correlation and Regression Analysis |
| CC-14 | Development Economics-II | Core Course | 6 | Agriculture and Rural Development, Industry and Urbanization, International Trade and Development, Globalisation and Development, Macroeconomics of Development, Microfinance and Development |
| DSE-3 | Discipline Specific Elective - III | Discipline Specific Elective (Choice-based) | 6 | Student''''s choice from the DSE options not taken in Semester 5 (from the list of 4 options: Applied Econometrics, Environmental Economics, Financial Economics, International Economics) |
| DSE-4 | Discipline Specific Elective - IV | Discipline Specific Elective (Choice-based) | 6 | Student''''s choice from the remaining DSE options not taken in Semester 5 and DSE-3 |
