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MA in Economics at Kabutari Devi Rajeshwar Tripathi Smarak Mahavidyalaya
Gorakhpur, Uttar Pradesh
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About the Specialization
What is Economics at Kabutari Devi Rajeshwar Tripathi Smarak Mahavidyalaya Gorakhpur?
This Economics MA program at Kabutari Devi Rajeshwar Tripathi Smarak Mahavidyalaya focuses on equipping students with advanced theoretical and empirical tools to analyze economic issues. The curriculum is designed to address contemporary challenges facing the Indian economy, emphasizing both micro and macroeconomic principles. It provides a robust foundation for understanding policy formulation and economic development within the Indian context, preparing graduates for diverse roles.
Who Should Apply?
This program is ideal for fresh graduates with an undergraduate degree in Economics or a related field seeking a strong theoretical and analytical foundation. It also suits working professionals in government, NGOs, or private sectors who wish to deepen their understanding of economic principles and policy. Aspiring researchers, educators, and those preparing for civil services examinations with an economics specialization will also find this program beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue careers in economic analysis, policy research, and data interpretation across various sectors in India. Potential roles include Economist, Research Analyst, Policy Advisor, Data Scientist, and roles in banking and financial services. Entry-level salaries typically range from INR 3-6 lakhs per annum, with significant growth trajectories in government departments, consulting firms, and academia.
Student Success Practices
Foundation Stage
Master Core Economic Theories- (Semester 1-2)
Dedicate focused time to understand fundamental micro and macroeconomic theories, as these form the bedrock of advanced studies. Regularly review concepts and participate actively in class discussions to clarify doubts. Form study groups to collaboratively tackle complex problems and deepen understanding.
Tools & Resources
Textbooks by H.L. Ahuja, D.N. Dwivedi, Online platforms like NPTEL (for foundational courses), Peer study groups
Career Connection
A strong theoretical base is crucial for analytical roles in government think tanks, research firms, and for excelling in competitive exams like UPSC Economics optional.
Develop Quantitative Skills Early- (Semester 1-2)
Pay close attention to Quantitative Methods for Economics. Practice numerical problems diligently using statistical software if introduced. Seek additional tutorials or online courses to strengthen mathematical and statistical aptitude, which is vital for econometrics and data analysis.
Tools & Resources
NCERT Mathematics for Economics, Khan Academy for Statistics, Basic Excel skills, R/Python for beginners (optional self-study)
Career Connection
Proficiency in quantitative methods opens doors to roles in data analytics, financial modeling, and economic forecasting in both public and private sectors.
Engage with Indian Economic Issues- (Semester 1-2)
Beyond textbooks, regularly read economic newspapers (e.g., The Economic Times, Business Standard) and magazines (e.g., EPW, Yojana, Kurukshetra). Discuss contemporary Indian economic policies and challenges with peers and faculty to connect theory with real-world application.
Tools & Resources
The Economic Times, Business Standard, Economic and Political Weekly (EPW), RBI Bulletins
Career Connection
Understanding Indian economic policy is essential for roles in government, policy research, and journalism, providing context for informed decision-making.
Intermediate Stage
Specialize through Electives and Advanced Topics- (Semester 3)
Choose optional papers strategically based on career interests. Dive deeper into specialized areas like Econometrics or Public Economics. Explore advanced topics independently through research papers and online courses to build expertise in a niche field.
Tools & Resources
JSTOR, Google Scholar for research papers, Coursera/edX courses on specific economic specializations, Advanced textbooks
Career Connection
Specialized knowledge enhances employability in specific domains like environmental consulting, financial markets, or labor policy research.
Begin Research and Analytical Projects- (Semester 3)
Actively seek opportunities for small research projects, either independently or with faculty guidance. Focus on developing strong research questions, data collection techniques, and analytical presentation. Participate in college-level research paper competitions.
Tools & Resources
Statistical software like EViews/SPSS/R/Python, Data.gov.in (for Indian government data), Academic writing guides
Career Connection
Hands-on research experience is invaluable for academic careers, think tanks, and any role requiring data-driven decision making and problem-solving.
Network and Attend Seminars- (Semester 3)
Attend economics seminars, workshops, and guest lectures organized by the department or other institutions (online/offline). Connect with faculty, guest speakers, and senior students to expand professional networks and gain insights into career paths and industry trends.
Tools & Resources
LinkedIn, Professional economic associations (e.g., Indian Economic Association), University event calendars
Career Connection
Networking can lead to mentorship opportunities, internships, and valuable professional connections that are crucial for job searching and career growth.
Advanced Stage
Execute a Robust Dissertation/Project- (Semester 4)
Treat your dissertation or project as a capstone experience. Choose a topic of genuine interest, conduct thorough research, and apply econometric or qualitative methods rigorously. Aim for high-quality writing and analysis that demonstrates independent research capability.
Tools & Resources
Comprehensive literature review tools, Advanced statistical software, Grammarly/similar tools for academic writing
Career Connection
A well-executed dissertation is a strong portfolio piece for research roles, PhD applications, and showcases advanced analytical and problem-solving skills to potential employers.
Prepare for Placements and Higher Education- (Semester 4)
Actively participate in placement cell activities. Tailor your resume and cover letter for specific roles. Practice interview skills, including case studies and technical questions related to economics. For higher education, prepare for entrance exams like NET/JRF or international GRE/TOEFL.
Tools & Resources
Career counseling services, Mock interview platforms, Previous year''''s question papers for competitive exams
Career Connection
Focused preparation ensures successful transition to desired career paths in academia, government, or the private sector immediately after graduation.
Develop Communication and Presentation Skills- (Semester 4)
Regularly present your research findings and ideas in front of peers and faculty. Focus on clear, concise, and impactful communication. Hone your ability to explain complex economic concepts to a diverse audience, both verbally and through written reports.
Tools & Resources
Presentation software (PowerPoint, Google Slides), Public speaking workshops, Feedback from mentors
Career Connection
Strong communication skills are highly valued in all professional settings, particularly in consulting, policy advocacy, and teaching roles, enabling effective dissemination of economic insights.
Program Structure and Curriculum
Eligibility:
- Graduation in Economics or a Bachelor''''s degree with Economics as a subject from a recognized University.
Duration: 2 years (4 semesters)
Credits: 64 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MEC 101 | Micro Economic Analysis - I | Core | 4 | Theory of Consumer Behaviour, Theory of Production and Cost, Market Structure - I, Market Structure - II, Theories of Distribution |
| MEC 102 | Macro Economic Analysis - I | Core | 4 | Nature and Scope of Macro Economics, Classical Theory of Employment, Keynesian Theory of Employment, Post Keynesian Theories of Consumption, Investment Theory |
| MEC 103 | Quantitative Methods for Economics | Core | 4 | Economic Statistics, Measures of Central Tendency and Dispersion, Correlation and Regression, Index Numbers and Time Series, Probability and Theoretical Distribution |
| MEC 104 | Indian Economic Policy - I | Core | 4 | Structure of Indian Economy, Economic Planning in India, Poverty and Inequality, Population and Human Resource Development, Agriculture and Industry |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MEC 201 | Micro Economic Analysis - II | Core | 4 | Welfare Economics, Pareto Optimality, Social Welfare Functions, General Equilibrium, Market Failures |
| MEC 202 | Macro Economic Analysis - II | Core | 4 | Money Demand and Supply, Inflation, Business Cycles, Monetary Policy, Fiscal Policy |
| MEC 203 | Economics of Growth and Development | Core | 4 | Concepts of Economic Growth & Development, Theories of Economic Growth, Models of Development, Development Strategies, Poverty and Inequality |
| MEC 204 | Indian Economic Policy - II | Core | 4 | Trade and Investment, Public Finance in India, Financial Sector Reforms, Infrastructure, External Sector |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MEC 301 | Public Economics | Core | 4 | Role of Government, Public Goods and Externalities, Public Expenditure, Taxation, Fiscal Policy and Budget |
| MEC 302 | International Economics | Core | 4 | Theories of International Trade, Terms of Trade, Trade Policy, Balance of Payments, Foreign Exchange Markets |
| MEC 303 | Econometrics | Core | 4 | Nature and Scope of Econometrics, Classical Linear Regression Model, Multiple Regression Analysis, Problems in Regression, Time Series Econometrics |
| MEC 304 | Optional Paper (Example: Environmental Economics) | Elective | 4 | Environmental Economics Concepts, Environmental Pollution, Environmental Policy, Climate Change Economics, Sustainable Development |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MEC 401 | Economics of Social Sector and Environment | Core | 4 | Human Capital, Education and Health, Poverty and Inequality, Environmental Degradation, Policies for Sustainable Development, Social Security |
| MEC 402 | Research Methodology | Core | 4 | Meaning and Scope of Research, Research Design, Data Collection Methods, Sampling Techniques, Data Analysis and Report Writing |
| MEC 403 | Optional Paper (Example: Public Policy and Governance) | Elective | 4 | Public Policy Process, Governance and Development, Policy Analysis, Role of State and Market, Decentralization and Local Governance |
| MEC 404 | Dissertation/Project Work | Project | 4 | Research Proposal Development, Literature Review, Data Collection and Analysis, Report Writing and Presentation, Viva Voce |
