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B-COM in Business Economics at Kalinga Institute of Industrial Technology
Khordha, Odisha
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About the Specialization
What is Business Economics at Kalinga Institute of Industrial Technology Khordha?
This Economics specialization program at Kalinga Institute of Industrial Technology focuses on equipping students with a robust understanding of economic principles applicable to business decisions. It emphasizes quantitative methods and analytical skills, crucial for navigating complex market dynamics. Given India''''s rapidly evolving economic landscape, a strong foundation in economic theory and its practical application is highly sought after by various sectors.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into financial analysis, market research, and policy analysis roles within the Indian context. It also suits individuals aspiring to pursue higher education in economics or finance, and those keen on developing strong analytical and problem-solving capabilities for diverse business challenges in India.
Why Choose This Course?
Graduates of this program can expect promising career paths in areas like economic consulting, data analytics, market research, and public policy in India. Entry-level salaries typically range from INR 3-6 lakhs per annum, with significant growth potential for experienced professionals. The program also prepares students for competitive examinations and certifications relevant to economic roles in Indian government or private firms.
Student Success Practices
Foundation Stage
Build Strong Quantitative Foundations- (Semester 1-2)
Focus intently on mastering core mathematics, statistics, and microeconomics concepts. Utilize online platforms for practice, participate in peer study groups to clarify doubts, and seek faculty assistance regularly to ensure a firm grasp of analytical tools.
Tools & Resources
Khan Academy (for math refreshers), NPTEL courses on basic economics/statistics, Peer study circles
Career Connection
A strong quantitative base is essential for advanced economic analysis, data interpretation, and will be a critical skill for placements in finance, research, and analytics roles.
Cultivate Effective Study Habits- (Semester 1-2)
Develop a consistent study schedule, prioritize understanding over rote memorization, and practice problem-solving regularly. Engage actively in class discussions and review lecture notes promptly to reinforce learning and avoid last-minute cramming.
Tools & Resources
Pomodoro Technique for focus, Evernote/OneNote for structured notes, Weekly review sessions
Career Connection
Discipline and effective learning strategies developed early lead to better academic performance, which is a key criterion for internships and full-time job applications.
Engage in Early Skill Building- (Semester 1-2)
Beyond academics, focus on enhancing communication, presentation, and basic software skills (like MS Excel). Participate in college clubs or workshops related to public speaking or data handling to build confidence and practical abilities.
Tools & Resources
Toastmasters International (for public speaking), LinkedIn Learning (for Excel basics), College debate/presentation clubs
Career Connection
These soft and technical skills are highly valued by Indian employers and can differentiate candidates during campus placements and interviews.
Intermediate Stage
Seek Practical Application through Projects- (Semester 3-4)
Actively look for opportunities to apply economic theories to real-world scenarios through mini-projects, case studies, or research papers. Collaborate with peers and professors on projects related to current Indian economic issues or business challenges.
Tools & Resources
Research papers/journals on Indian economy, Economic survey of India reports, Data from RBI/NSSO
Career Connection
Practical application enhances problem-solving skills and provides tangible examples for your resume, making you more attractive to employers seeking analytical talent.
Gain Industry Exposure through Internships- (Semester 3-4)
Target short-term internships during semester breaks with local businesses, startups, NGOs, or research institutions. Even unpaid internships offer invaluable experience, networking opportunities, and a glimpse into the Indian corporate world.
Tools & Resources
Internshala, Naukri.com, College placement cell
Career Connection
Internships are crucial for understanding industry demands, building professional networks, and often lead to pre-placement offers, significantly boosting placement prospects.
Develop Specialization-Specific Skills- (Semester 4-5)
Deepen your understanding of specific areas within economics like econometrics, financial modeling, or policy analysis. Consider online courses or certifications in statistical software (e.g., R, Python for data analysis) or financial tools.
Tools & Resources
Coursera/edX (for specialized courses), DataCamp (for R/Python), NISM certifications (for financial markets)
Career Connection
Specialized skills align you with specific job roles (e.g., economic analyst, data scientist) and make you a more competitive candidate in India''''s diverse job market.
Advanced Stage
Intensive Placement Preparation- (Semester 5-6)
Dedicate significant time to aptitude test preparation, mock interviews, and resume building. Attend all placement workshops organized by the college and participate in practice group discussions to refine soft skills required by Indian recruiters.
Tools & Resources
Online aptitude platforms (e.g., Indiabix), Mock interview sessions, Professional resume services
Career Connection
Thorough preparation directly impacts your chances of securing desirable placements with top companies during campus recruitment drives.
Network and Build Professional Relationships- (Semester 5-6)
Connect with alumni, industry professionals, and faculty mentors. Attend webinars, conferences, and industry events (even online) to expand your professional network. These connections can offer guidance, mentorship, and job leads.
Tools & Resources
LinkedIn, Alumni association events, Industry association meetings
Career Connection
Networking is vital in the Indian job market for referrals, hidden job opportunities, and gaining insights into career progression.
Undertake a Capstone Project/Dissertation- (Semester 6)
Engage in a comprehensive final year project or dissertation that addresses a relevant economic problem, ideally with industry data. This demonstrates your ability to conduct independent research, analyze complex data, and present findings professionally.
Tools & Resources
Academic databases, Statistical software (SPSS, EViews), Faculty mentors
Career Connection
A strong capstone project showcases your analytical rigor and research capabilities, which are highly valued by employers, especially for roles in research, consulting, or higher studies.
Program Structure and Curriculum
Eligibility:
- Pass in 10+2 with at least 50% marks in aggregate (from KIIT official website)
Duration: 3 years / 6 semesters
Credits: 140 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BH1001 | Financial Accounting | Discipline Specific Core (DSC) | 6 | Theoretical Framework, Accounting Process, Final Accounts, Accounting for Specific Transactions, Consignment and Joint Venture |
| BH1002 | Business Laws | Discipline Specific Core (DSC) | 6 | Indian Contract Act 1872, Sale of Goods Act 1930, Limited Liability Partnership Act 2008, Consumer Protection Act 1986, Information Technology Act 2000 |
| GE1001 | Microeconomics | General Elective (GE) | 6 | Demand and Supply, Consumer Behaviour, Production and Cost, Market Structures, Factor Pricing |
| AE1001 | Environmental Studies | Ability Enhancement Compulsory Course (AECC) | 4 | Multidisciplinary Nature of Environmental Studies, Natural Resources, Ecosystems, Biodiversity and its Conservation, Environmental Pollution |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BH1003 | Corporate Laws | Discipline Specific Core (DSC) | 6 | Company Law Fundamentals, Company Formation, Shares and Share Capital, Management and Administration, Meetings and Resolution |
| BH1004 | Corporate Accounting | Discipline Specific Core (DSC) | 6 | Accounting for Shares and Debentures, Valuation of Goodwill, Cash Flow Statement, Financial Statement Analysis, Amalgamation and Reconstruction |
| GE1002 | Macroeconomics | General Elective (GE) | 6 | National Income Accounting, Determination of Output and Employment, Money and Banking, Inflation, Open Economy Macroeconomics |
| AE1002 | English Communication | Ability Enhancement Compulsory Course (AECC) | 4 | Communication Theory, Listening Skills, Speaking Skills, Reading Skills, Writing Skills |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BH1005 | Income Tax Law and Practice | Discipline Specific Core (DSC) | 6 | Basic Concepts of Income Tax, Heads of Income, Computation of Total Income, Deductions from Gross Total Income, Assessment of Individuals |
| BH1006 | Human Resource Management | Discipline Specific Core (DSC) | 6 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal |
| BH1007 | Management Principles and Applications | Discipline Specific Core (DSC) | 6 | Nature and Scope of Management, Planning, Organizing, Staffing, Directing and Controlling |
| SE1001 | Computer Applications in Business | Skill Enhancement Course (SEC) | 4 | Word Processing, Spreadsheet for Business, Presentations, Database Management System, Internet and E-Commerce |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BH1008 | Cost Accounting | Discipline Specific Core (DSC) | 6 | Introduction to Cost Accounting, Cost Ascertainment, Cost Book Keeping, Marginal Costing, Budgetary Control |
| BH1009 | Business Statistics | Discipline Specific Core (DSC) | 6 | Statistical Data, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers |
| BH1010 | Fundamentals of Marketing | Discipline Specific Core (DSC) | 6 | Introduction to Marketing, Marketing Environment, Market Segmentation and Targeting, Product Decisions, Pricing, Place, and Promotion Decisions |
| SE1002 | Business Communication | Skill Enhancement Course (SEC) | 4 | Types of Communication, Oral Communication, Written Communication, Business Correspondence, Report Writing |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BH1011 | Principles of Microeconomics | Discipline Specific Core (DSC) | 6 | Scarcity and Choice, Demand and Supply Analysis, Elasticity, Theory of Production, Market Structures and Pricing |
| BH1012 | Goods and Services Tax (GST) and Customs Law | Discipline Specific Core (DSC) | 6 | GST Introduction and Framework, Levy and Collection of GST, Input Tax Credit, Procedures under GST, Customs Act 1962 |
| DE1001 | Economic Development in India | Discipline Specific Elective (DSE) - Economics | 6 | Economic Development Concepts, Indian Economy since Independence, Sectoral Growth Trends, Poverty and Inequality, Globalisation and Reforms |
| DE1002 | Public Finance | Discipline Specific Elective (DSE) - Economics | 6 | Role of Government in Economy, Public Expenditure, Sources of Public Revenue, Fiscal Policy, Budget and Fiscal Federalism |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BH1013 | Auditing and Corporate Governance | Discipline Specific Core (DSC) | 6 | Fundamentals of Auditing, Internal Control, Audit of Limited Companies, Audit Report, Corporate Governance Principles |
| BH1014 | Financial Management | Discipline Specific Core (DSC) | 6 | Introduction to Financial Management, Time Value of Money, Capital Budgeting, Cost of Capital, Working Capital Management |
| DE1003 | International Economics | Discipline Specific Elective (DSE) - Economics | 6 | Theories of International Trade, Terms of Trade, Balance of Payments, Foreign Exchange Market, International Economic Institutions |
| DE1004 | Environmental Economics | Discipline Specific Elective (DSE) - Economics | 6 | Economics and Environment, Environmental Problems, Environmental Policy, Valuation of Environmental Goods, Sustainable Development |
