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B-A in Economics at Late Asharfi Lal Mahavidyalay, Itwa Jogiya, Siddharthnagar
Siddharthnagar, Uttar Pradesh
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About the Specialization
What is Economics at Late Asharfi Lal Mahavidyalay, Itwa Jogiya, Siddharthnagar Siddharthnagar?
This Economics Major program at Late Asharfi Lal Mahavidyalay, affiliated with Siddharth University, focuses on providing a comprehensive understanding of economic principles and their application. It covers both micro and macroeconomic theories, public finance, Indian economy, and development economics, making it highly relevant to India''''s dynamic economic landscape. The program emphasizes analytical skills crucial for addressing contemporary economic challenges and policy formulation within the Indian context.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into various economic fields, civil services, or higher studies in economics. It also suits individuals passionate about understanding socio-economic issues, market dynamics, and government policies in India. Students with a strong aptitude for critical thinking, data analysis, and problem-solving will thrive in this curriculum, preparing them for roles in diverse sectors.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, data scientists, researchers, financial advisors, or policy consultants. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience to INR 8-15 LPA in analytics or research. This degree also serves as a strong foundation for UPSC civil services, RBI Grade B, or further postgraduate studies like M.A. Economics, enhancing growth trajectories in Indian companies and government bodies.
Student Success Practices
Foundation Stage
Master Economic Fundamentals with Real-World Examples- (Semester 1-2)
Actively engage with micro and macroeconomic concepts by relating them to everyday Indian scenarios and current events. Utilize online resources like NPTEL courses, eGyanKosh, and YouTube channels (e.g., StudyIQ, Unacademy) for clear explanations. Focus on developing a strong conceptual base in demand-supply, national income, and basic statistics.
Tools & Resources
NPTEL, eGyanKosh, Economic Times/Livemint, NCERT Economics books (Class 11 & 12)
Career Connection
A solid understanding of fundamentals is crucial for competitive exams (UPSC, RBI) and entry-level analytical roles requiring basic economic reasoning.
Develop Foundational Statistical and Data Skills- (Semester 1-2)
Beyond classroom learning, practice statistical methods for economics using Excel or basic statistical software. Focus on data collection, tabulation, graphical representation, and basic measures of central tendency/dispersion. Look for free online tutorials on ''''data analysis in Excel for beginners'''' to supplement practical components.
Tools & Resources
Microsoft Excel, Khan Academy (Statistics), Siddharth University''''s library resources for practical manuals
Career Connection
These skills are directly applicable in data entry, basic market research, and support roles in finance or economic consultancies.
Cultivate Effective Study Habits and Peer Learning- (Semester 1-2)
Form study groups to discuss complex economic theories and solve problems collaboratively. Regularly review course material, practice numerical problems, and seek clarification from professors. Engage in active recall and spaced repetition for better retention of concepts. Participate in college-level debates or quizzes related to economics.
Tools & Resources
Study groups, Library resources, Professor''''s office hours, Open-source online quiz platforms
Career Connection
Strong academic performance and peer interaction build a robust learning network and problem-solving abilities, valued by employers and for higher studies.
Intermediate Stage
Apply Economic Theories to Indian Policy Issues- (Semester 3-4)
Actively follow Indian economic news and government policies. Analyze how intermediate micro and macroeconomic theories explain or predict outcomes of policies like demonetization, GST, or various budget announcements. Participate in college seminars or write short analytical articles on contemporary Indian economic challenges.
Tools & Resources
The Hindu/Indian Express (Business/Economy sections), RBI publications, NITI Aayog reports, Economic Survey of India
Career Connection
This practical application enhances understanding for roles in policy analysis, economic journalism, or think tanks in India.
Enhance Quantitative Skills for Economic Analysis- (Semester 3-4)
Deepen understanding of statistical methods like correlation, regression, and hypothesis testing. Learn basic econometrics concepts and their application using software like R or Python (even basic syntax for data handling). Focus on interpreting statistical results in an economic context, particularly for Indian economic data.
Tools & Resources
R/Python (basic libraries like Pandas/Numpy), Coursera/edX (Intro to R/Python for Data Science), GeeksforGeeks for statistical concepts
Career Connection
Advanced quantitative skills are highly sought after for roles as economic analysts, data scientists, and researchers in India, with potential for higher earning.
Seek Early Industry Exposure through Internships/Projects- (Semester 3-4)
Look for short-term internships or volunteer for research projects, especially those related to the Indian economy, local development, or public finance. Even non-paid internships in local NGOs, small businesses, or college departments can provide valuable practical experience in data collection, analysis, and report writing, as seen in ECO 402.
Tools & Resources
Internshala, LetsIntern, College placement cell, Local NGOs/research institutes
Career Connection
Internships provide crucial real-world experience, build professional networks, and significantly boost CVs for placements and future career opportunities in India.
Advanced Stage
Specialize and Conduct Independent Research- (Semester 5-6)
Utilize the elective options in Semester 5 (e.g., International Economics) to delve deeper into an area of interest. Work diligently on the Semester 6 Project Work/Dissertation (ECO 603) by selecting a relevant and impactful research topic related to the Indian economy. Aim for a well-researched, data-driven project that showcases analytical and writing skills.
Tools & Resources
JSTOR, Google Scholar (for academic papers), Government data portals (NSO, RBI), Research methodology books
Career Connection
A strong research project is a key differentiator for postgraduate admissions, research roles, and analytical positions in policy-making bodies or corporate strategy.
Prepare Rigorously for Placements and Competitive Exams- (Semester 5-6)
Start preparing for campus placements, competitive exams (UPSC, RBI, SSC CGL), or entrance exams for higher education (DU, JNU, IGIDR) early. Focus on logical reasoning, quantitative aptitude, and general awareness, alongside advanced economic concepts. Practice mock interviews and group discussions to hone soft skills relevant for the Indian job market.
Tools & Resources
Online test series (for competitive exams), Aptitude books (e.g., R.S. Aggarwal), Career counseling sessions at college, Mock interview platforms
Career Connection
Dedicated preparation directly leads to securing placements, admissions to reputed institutions, or success in highly competitive government sector roles.
Network Professionally and Build a Digital Presence- (Semester 5-6)
Attend webinars, workshops, and economic conferences (online or local) to network with professionals and faculty. Create a professional LinkedIn profile highlighting skills, projects, and internships. Follow thought leaders and organizations in economics to stay updated on industry trends and job opportunities in India.
Tools & Resources
LinkedIn, Industry-specific webinars/conferences, Alumni network of Siddharth University
Career Connection
Networking is vital for discovering hidden job markets, gaining referrals, mentorship, and building a professional reputation, essential for long-term career growth in India.
Program Structure and Curriculum
Eligibility:
- 10+2 in any stream from a recognized board.
Duration: 3 years (6 semesters)
Credits: 120 (for entire B.A. degree as per NEP, Major Economics component is 50 credits) Credits
Assessment: Internal: 25% (for theory papers), External: 75% (for theory papers)
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO 101 | Introductory Microeconomics | Core (Major) | 4 | Nature and Scope of Economics, Demand and Supply Analysis, Production Analysis, Cost and Revenue Analysis, Market Structures, Factor Pricing |
| ECO 102 | Data Collection, Presentation and Analysis in Economics (Practical) | Practical (Major) | 2 | Sources and Methods of Data Collection, Classification and Tabulation of Data, Diagrammatic and Graphical Presentation, Measures of Central Tendency, Measures of Dispersion |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO 201 | Introductory Macroeconomics | Core (Major) | 4 | Introduction to Macroeconomics, National Income Accounting, Classical and Keynesian Theories of Employment, Money and Banking, Inflation, Open Economy Macroeconomics |
| ECO 202 | Elementary Statistical Methods for Economics (Practical) | Practical (Major) | 2 | Correlation Analysis, Regression Analysis, Index Numbers, Time Series Analysis, Sampling Methods |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO 301 | Intermediate Microeconomics | Core (Major) | 4 | Consumer Behavior Theories, Production Theory, Cost and Revenue Curves, Market Structures and Pricing Strategies, Factor Market Analysis |
| ECO 302 | Statistical Methods and Computer Applications in Economics (Practical) | Practical (Major) | 2 | Probability and Probability Distributions, Hypothesis Testing, Chi-Square Test, Applications of Excel in Economic Analysis, Basic Econometrics Concepts |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO 401 | Intermediate Macroeconomics | Core (Major) | 4 | Theories of Income and Employment, Consumption and Investment Functions, Monetary and Fiscal Policies, Business Cycles, Macroeconomic Equilibrium |
| ECO 402 | Indian Economy-Policies and Performance (Project/Field Work) | Practical/Project (Major) | 2 | Socio-economic structure of rural areas, Data collection through field surveys, Analysis of local economic issues, Report writing on observations, Industrial/study tour report |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO 501 | Public Finance | Core (Major) | 4 | Nature and Scope of Public Finance, Public Expenditure, Public Revenue (Taxation), Public Debt, Fiscal Policy, Indian Public Finance |
| ECO 502 | Indian Economy | Core (Major) | 4 | Structure of Indian Economy, Economic Planning in India, Agriculture Sector in India, Industrial Sector in India, Service Sector and External Sector, Economic Reforms in India |
| ECO 505 | International Economics (Elective) | Elective (Major) | 4 | Theories of International Trade, Terms of Trade, Commercial Policy and Trade Barriers, Balance of Payments, Foreign Exchange Market, International Financial Institutions |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO 601 | Development Economics | Core (Major) | 4 | Theories of Economic Development, Poverty, Inequality and Malnutrition, Population and Human Capital, Agricultural Development Strategies, Industrialization and Structural Change, Sustainable Development Goals |
| ECO 602 | Economics of Growth | Core (Major) | 4 | Theories of Economic Growth, Classical and Neo-Classical Growth Models, Endogenous Growth Theory, Technological Progress and Growth, Growth and Income Distribution |
| ECO 603 | Project Work / Dissertation | Project (Major) | 6 | Research Problem Identification, Literature Review, Research Design and Methodology, Data Analysis and Interpretation, Thesis Writing and Presentation |
