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B-A in Economics at Karma Devi Smriti Mahavidyalaya
Basti, Uttar Pradesh
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About the Specialization
What is Economics at Karma Devi Smriti Mahavidyalaya Basti?
This Economics program at Karma Devi Smriti Mahavidyalaya focuses on providing a robust foundation in economic theories, quantitative methods, and their real-world applications within the Indian context. It covers microeconomics, macroeconomics, public finance, development economics, and international trade, preparing students to analyze complex economic issues prevalent in India''''s dynamic industrial landscape. The program aims to foster critical thinking and analytical skills essential for understanding market trends, policy implications, and socio-economic challenges.
Who Should Apply?
This program is ideal for fresh graduates from 10+2 seeking entry into economic analysis, policy research, or financial services in India. It also suits individuals passionate about understanding national and international economic dynamics, aspiring to careers in government, banking, or non-profit sectors. Students with a keen interest in statistics, data interpretation, and problem-solving, who wish to contribute to India''''s economic growth and development, will find this specialization particularly rewarding.
Why Choose This Course?
Graduates of this program can expect to pursue diverse career paths in India, including roles as economic analysts, data researchers, financial advisors, or policy consultants. Entry-level salaries typically range from INR 2.5 Lakhs to 4.5 Lakhs per annum, with significant growth potential as experience deepens. The program equips students for positions in government organizations, private banks, research institutions, and NGOs, contributing to informed decision-making and sustainable development across various Indian sectors.
Student Success Practices
Foundation Stage
Master Economic Fundamentals- (Semester 1-2)
Focus intensely on grasping core microeconomic and macroeconomic principles, Indian economic issues, and basic mathematical and statistical concepts. Utilize textbooks, online resources like NPTEL lectures, and classroom discussions to build a strong theoretical base. Form study groups to discuss complex concepts and solve numerical problems together.
Tools & Resources
NPTEL (for Economics courses), NCERT Economics books (re-read), Khan Academy for Math/Stats basics, Study groups
Career Connection
A strong foundation is crucial for excelling in competitive exams (UPSC, RBI Grade B) and for advanced studies in economics, paving the way for research and policy analysis roles.
Develop Quantitative Skills Early- (Semester 1-2)
Actively engage with statistical methods and mathematical applications in economics. Practice problem-solving regularly from textbooks and past papers. Seek additional help from faculty or online tutorials for challenging topics. Start building proficiency in basic spreadsheet software like Microsoft Excel for data handling.
Tools & Resources
Microsoft Excel, University Math/Stats textbooks, Online problem sets, Faculty consultation hours
Career Connection
Proficiency in quantitative techniques is highly valued in roles like data analysis, financial modeling, and economic forecasting in sectors such as banking, finance, and research.
Engage with Economic News and Debates- (Semester 1-2)
Cultivate a habit of reading national economic newspapers (e.g., The Economic Times, Business Standard) and magazines (e.g., Yojana, Kurukshetra) regularly. Follow key economic policies and debates concerning India. Participate in college debates or economic forums to articulate your understanding and refine critical thinking.
Tools & Resources
The Economic Times, Business Standard, Yojana Magazine, Kurukshetra Magazine, College Economic Society events
Career Connection
This practice enhances general awareness, helps in interview preparation, and provides real-world context to theoretical knowledge, vital for roles in journalism, policy analysis, and civil services.
Intermediate Stage
Undertake Mini Research Projects- (Semester 3-4)
Collaborate with peers or seek guidance from faculty to undertake small research projects on local or regional economic issues. This could involve data collection (surveys), analysis using learned statistical tools, and presenting findings. Focus on applying theoretical knowledge to practical problems.
Tools & Resources
Google Scholar, NSSO/MOSPI data sources (online), Microsoft Excel/Basic R, Faculty mentors
Career Connection
Develops research aptitude, analytical abilities, and report writing skills, which are critical for academic pursuits, policy research, and roles requiring market analysis.
Explore Specializations through Electives- (Semester 5)
Carefully choose elective subjects in Semester 5 and 6 that align with your career interests, whether it''''s agricultural economics, labour economics, or computer applications. Delve deeper into these specialized areas, seeking out additional readings and industry reports to gain in-depth knowledge.
Tools & Resources
Specialized textbooks, Industry reports (e.g., NITI Aayog, RBI publications), Online courses on chosen specializations
Career Connection
Specialized knowledge makes you more competitive for specific roles and provides a clearer career trajectory, whether in rural development, human resources, or IT-enabled economic analysis.
Participate in Economic Competitions- (Semester 3-5)
Look for inter-college economic essay competitions, case study challenges, or quiz events. Engaging in such activities hones your problem-solving skills, broadens your perspective, and allows you to network with peers and faculty from other institutions. It also builds confidence for future professional challenges.
Tools & Resources
Online platforms announcing competitions, College notice boards, Economics departmental events
Career Connection
Boosts resume, demonstrates initiative and competitive spirit, and can lead to networking opportunities with potential employers or mentors in the Indian economic landscape.
Advanced Stage
Complete an Industry-Relevant Internship- (Semester 6 (or during vacations))
Actively seek and undertake an internship (as part of PROJ-601 or separately) at a financial institution, research organization, government department, or NGO in India. Focus on gaining hands-on experience in data analysis, policy implementation, or market research. Prepare a professional report on your experience.
Tools & Resources
Internshala, LinkedIn, College placement cell, Company websites (RBI, SBI, various research firms)
Career Connection
Practical experience is invaluable for placements, providing real-world skills, industry contacts, and a strong professional reference for entry into India''''s job market.
Prepare for Post-Graduation/Job Interviews- (Semester 5-6)
Dedicate time to prepare for competitive exams (e.g., for M.A. Economics, civil services, banking PO exams) or specific job interviews. Practice quantitative aptitude, logical reasoning, general knowledge, and economics-specific questions. Refine your communication and presentation skills.
Tools & Resources
Previous year question papers, Online mock test series, Interview preparation guides, Career counselling sessions
Career Connection
Directly impacts success in securing admissions to top Indian universities for higher studies or landing desired jobs in government, PSUs, or private sector companies.
Develop Advanced Data Analysis Skills- (Semester 6)
Beyond basic spreadsheets, explore open-source statistical software like R or Python for econometric analysis. Practice applying econometric models learned in DSC-602 to real datasets. This advanced skill is a significant asset in today''''s data-driven economic roles.
Tools & Resources
R/Python (online tutorials like DataCamp, Coursera), Stata/SPSS (if college provides access), Publicly available datasets (World Bank, RBI)
Career Connection
Highly sought after in analytical roles, economic consulting, market research, and data science positions in India, offering a significant edge in the competitive job market and higher earning potential.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 3 years (6 semesters)
Credits: 120 (for 3-year BA program, as per NEP 2020 guidelines) Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-101 | Indian Economy | Core | 4 | Basic Features of Indian Economy, Economic Planning and NITI Aayog, Agriculture and Green Revolution, Industry and Industrial Policy, External Sector and Trade |
| DSC-102 | Principles of Microeconomics | Core | 4 | Demand, Supply and Market Equilibrium, Consumer Behavior and Utility Analysis, Production and Cost Analysis, Market Structures (Perfect Competition, Monopoly), Factor Pricing and Income Distribution |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-201 | Money, Banking and Public Finance | Core | 4 | Nature and Functions of Money, Commercial Banks and Credit Creation, Central Bank and Monetary Policy, Public Revenue and Public Expenditure, Public Debt and Fiscal Policy |
| DSC-202 | Principles of Macroeconomics | Core | 4 | National Income Accounting, Classical and Keynesian Theories of Employment, Consumption and Investment Functions, Inflation and Deflation, Business Cycles and Stabilization Policies |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-301 | Statistics for Economics | Core | 4 | Measures of Central Tendency, Measures of Dispersion and Skewness, Correlation and Regression Analysis, Index Numbers and Time Series, Sampling Methods and Probability |
| DSC-302 | Indian Public Finance | Core | 4 | Sources of Public Revenue in India, Public Expenditure Trends and Composition, Public Debt Management in India, Fiscal Federalism in India, Union and State Budgets |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-401 | Mathematical Methods for Economics | Core | 4 | Functions, Graphs, and Limits, Differentiation and Economic Applications, Optimization Techniques in Economics, Integration and its Uses, Matrix Algebra and Input-Output Analysis |
| DSC-402 | Development Economics | Core | 4 | Characteristics of Developing Economies, Theories of Economic Development, Poverty, Inequality, and Human Development, Role of Capital, Population, and Technology, Planning and Development Strategies |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-501 | History of Economic Thought | Core | 3 | Mercantilism and Physiocracy, Classical School: Smith, Ricardo, Malthus, Marxian Economics and Socialism, Keynesian Revolution and Post-Keynesian thought, Institutional and Welfare Economics |
| DSC-502 | Environmental Economics | Core | 3 | Environmental Problems and Economic Growth, Externalities and Public Goods, Valuation of Environmental Resources, Environmental Policy Instruments, Sustainable Development Goals |
| DSE-501A | Economics of Agriculture | Elective | 3 | Role of Agriculture in Economic Development, Agricultural Production and Productivity, Land Reforms and Green Revolution, Agricultural Marketing and Price Policy, Food Security and Public Distribution System |
| DSE-502A | Labour Economics | Elective | 3 | Labour Market Analysis, Wage Determination Theories, Employment and Unemployment in India, Trade Unions and Industrial Relations, Labour Welfare and Social Security |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-601 | International Economics | Core | 3 | Theories of International Trade, Terms of Trade and Gains from Trade, Balance of Payments Account, Foreign Exchange Rates and Markets, Trade Policy and WTO |
| DSC-602 | Econometrics | Core | 3 | Basic Econometric Concepts, Simple Linear Regression Model, Multiple Regression Analysis, OLS Assumptions and Violations, Hypothesis Testing and Forecasting |
| DSE-601A | Demography | Elective | 3 | Basic Demographic Concepts, Theories of Population Growth, Fertility, Mortality, and Migration, Population Structure and Ageing, Population Policy in India |
| DSE-602A | Computer Application in Economics | Elective | 3 | Introduction to Spreadsheets for Data Analysis, Basic Statistical Functions in Excel, Data Visualization Techniques, Introduction to Statistical Software (e.g., SPSS/R), Data Presentation and Report Writing |
| PROJ-601 | Project / Dissertation / Internship | Project/Internship | 2 | Research Question Formulation, Data Collection and Analysis, Literature Review, Report Writing, Presentation Skills |
