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BA in Economics at Lokanayak Omeo Kumar Das College
Sonitpur, Assam
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About the Specialization
What is Economics at Lokanayak Omeo Kumar Das College Sonitpur?
This Economics program at Lokanayak Omeo Kumar Das College focuses on foundational theories and practical applications, equipping students with strong analytical skills. It delves into microeconomic and macroeconomic principles, quantitative methods, and Indian economic issues, crucial for understanding India''''s evolving market dynamics. The curriculum is designed to foster critical thinking and problem-solving abilities vital for various economic roles.
Who Should Apply?
This program is ideal for fresh graduates from diverse academic backgrounds who possess a keen interest in economic phenomena and societal challenges. It caters to those aspiring for careers in research, policy analysis, financial services, or competitive examinations. Students with strong logical reasoning and an aptitude for quantitative analysis will find this specialization particularly rewarding.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, data scientists, research associates, or public policy consultants. Entry-level salaries typically range from INR 3-6 LPA, with significant growth potential in sectors like banking, consulting, and government. The analytical skills acquired also prepare students for higher studies or UPSC examinations.
Student Success Practices
Foundation Stage
Master Economic Fundamentals- (Semester 1-2)
Focus on thoroughly understanding microeconomics and mathematical methods. Regularly attend lectures, engage in classroom discussions, and solve textbook problems to build a strong theoretical base. Form study groups to discuss complex concepts and prepare for internal assessments effectively.
Tools & Resources
NCERT Economics textbooks, Standard university-level textbooks (e.g., Mankiw, Pindyck, Wichern), Online platforms like Khan Academy for math refreshers, Peer study groups
Career Connection
A solid grasp of fundamentals is crucial for advanced subjects and competitive exams like UPSC or RBI, ensuring a strong base for future specializations.
Develop Quantitative Skills- (Semester 1-2)
Dedicate consistent effort to mathematical and statistical methods for economics. Practice problem-solving daily, and familiarize yourself with basic statistical software for data handling. Utilize online tutorials for understanding concepts like calculus, linear algebra, and probability relevant to economics.
Tools & Resources
Mathematics for Economists by Alpha C Chiang, Online courses on Coursera/edX for ''''Math for Economics'''', Basic Excel for data manipulation, Practice problem sets from previous year question papers
Career Connection
Strong quantitative skills are highly valued in analytical roles in finance, research, and data science, making you a competitive candidate in the job market.
Cultivate Reading and Research Habits- (Semester 1-2)
Beyond textbooks, read economic news, policy briefs, and articles from reputable Indian financial dailies and journals. This habit helps connect theoretical knowledge to real-world Indian economic scenarios and improves comprehension and critical analysis skills.
Tools & Resources
The Economic Times, Mint, Livemint, RBI publications, IGNOU eGyanKosh for additional readings
Career Connection
Enhances understanding of current affairs, essential for competitive exams and analytical positions requiring strong contextual awareness of the Indian economy.
Intermediate Stage
Engage in Data Analysis Projects- (Semester 3-5)
Take initiative to apply statistical and econometric methods using software. Work on small data projects, perhaps analyzing local economic trends or social indicators. This hands-on experience is critical for skill specialization and practical application of theoretical knowledge.
Tools & Resources
Microsoft Excel with Data Analysis ToolPak, R or Python for basic data manipulation and visualization (open-source), Datasets from NSSO, Ministry of Statistics and Programme Implementation (MOSPI), RBI, Kaggle for publicly available datasets
Career Connection
Practical data analysis skills are highly sought after by market research firms, financial institutions, and government agencies, improving internship and job prospects.
Seek Internships and Field Exposure- (Semester 3-5)
Actively look for internships during semester breaks, even short-term ones, with local businesses, NGOs, or academic research projects in Sonitpur or Guwahati. This provides invaluable exposure to real-world economic challenges and professional environments in Assam.
Tools & Resources
College placement cell, LinkedIn, Internshala, Local Chamber of Commerce, University research grants
Career Connection
Internships build practical experience, expand professional networks, and often lead to pre-placement offers or strong references, crucial for a smooth transition to employment.
Participate in Economic Debates and Competitions- (Semester 3-5)
Join college clubs focused on economics, current affairs, or public speaking. Participate in debates, essay competitions, and quizzes related to economic policy and development. This hones communication skills, critical thinking, and broadens knowledge beyond the curriculum.
Tools & Resources
College Economics Society, Inter-college competitions, Online forums and discussion groups on economic policy
Career Connection
Develops soft skills like communication, leadership, and analytical reasoning, which are highly valued by employers, especially in roles requiring presentations and teamwork.
Advanced Stage
Undertake a Research Project/Dissertation- (Semester 6)
Work on a comprehensive research project or dissertation in your final year, focusing on a specific economic problem relevant to India or Assam. This demonstrates deep understanding, research capabilities, and critical analytical skills, crucial for academic and research careers.
Tools & Resources
Faculty mentors, University library resources (JSTOR, EBSCO host), Statistical software (Stata, EViews, R, Python), Government data sources (CSO, NSSO)
Career Connection
A strong research project enhances your resume for master''''s programs, research positions, and provides a portfolio for analytical roles in think tanks or policy bodies.
Intensive Placement and Higher Studies Preparation- (Semester 6)
Utilize career counseling services for resume building, interview preparation, and group discussion practices. Simultaneously prepare for entrance exams for master''''s programs (e.g., Delhi School of Economics, JNU) or competitive government exams like UPSC CSE/IES.
Tools & Resources
College placement cell resources, Online mock interview platforms, Test preparation coaching materials for specific exams, Alumni network for guidance
Career Connection
Directly impacts securing desired job roles in leading Indian companies or gaining admission to prestigious universities for advanced education, opening doors to high-growth career trajectories.
Network with Professionals and Alumni- (Semester 6)
Attend webinars, seminars, and workshops featuring economists, policymakers, and industry leaders. Connect with college alumni working in relevant fields through LinkedIn or alumni events. These connections provide mentorship, career insights, and potential job leads.
Tools & Resources
LinkedIn platform, Alumni association events, Economic conferences or seminars (online/offline), Guest lectures organized by the department
Career Connection
Professional networking is vital for career advancement, providing access to hidden job markets, mentorship, and opportunities for collaboration and growth within the Indian economic ecosystem.
Program Structure and Curriculum
Eligibility:
- Pass in the Higher Secondary Examination (10+2) or its equivalent examination recognized by Gauhati University. Specific minimum percentage criteria may apply as per university norms.
Duration: 3 years (6 semesters)
Credits: 144 (for Economics Honours) Credits
Assessment: Internal: 20%, External: 80%
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, Human Population and the Environment |
| ECO-HC-1016 | Microeconomics I | Core | 6 | Introduction to Economics, Theory of Consumer Behaviour, Theory of Production and Cost, Perfect Competition, Welfare Economics Introduction |
| ECO-HC-1026 | Mathematical Methods for Economics I | Core | 6 | Basic Concepts of Mathematics for Economics, Functions and Graphs, Differentiation and its Applications, Unconstrained Optimization, Introduction to Linear Algebra |
| GE-1 | Generic Elective I | Generic Elective | 6 | Topics from another discipline like Political Science, History, Sociology, etc. |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-2 | English Communication / MIL Communication | Ability Enhancement Compulsory Course | 2 | Theory of Communication, Reading Skills, Writing Skills, Listening and Speaking Skills, Grammar and Vocabulary |
| ECO-HC-2036 | Microeconomics II | Core | 6 | Imperfect Competition (Monopoly, Oligopoly, Monopolistic Competition), Factor Markets, Input Demand and Supply, General Equilibrium Theory, Asymmetric Information |
| ECO-HC-2046 | Mathematical Methods for Economics II | Core | 6 | Integration and its Economic Applications, Difference and Differential Equations, Optimization with Constraints, Input-Output Analysis, Game Theory Introduction |
| GE-2 | Generic Elective II | Generic Elective | 6 | Topics from another discipline like Political Science, History, Sociology, etc. |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-3056 | Macroeconomics I | Core | 6 | National Income Accounting, Classical and Keynesian Systems, The Demand for and Supply of Money, Inflation and Unemployment, Open Economy Macroeconomics Introduction |
| ECO-HC-3066 | Indian Economy I | Core | 6 | Basic Characteristics of Indian Economy, Economic Planning in India, Agricultural Sector Performance, Industrial Sector Development, Poverty, Inequality and Unemployment |
| ECO-HC-3076 | Statistical Methods for Economics | Core | 6 | Data Collection and Presentation, Measures of Central Tendency and Dispersion, Correlation and Regression Analysis, Probability Theory, Hypothesis Testing Basics |
| SEC-1 | Skill Enhancement Course I (e.g., Computer Applications in Economics) | Skill Enhancement Course | 4 | MS Office for Data Analysis, Statistical Software Basics (e.g., SPSS/R), Data Visualization, Database Management, Spreadsheet Modelling for Economics |
| GE-3 | Generic Elective III | Generic Elective | 6 | Topics from another discipline like Political Science, History, Sociology, etc. |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-4086 | Macroeconomics II | Core | 6 | IS-LM Model, Aggregate Demand and Aggregate Supply, Open Economy Macroeconomics (Mundell-Fleming Model), Fiscal Policy, Monetary Policy |
| ECO-HC-4096 | Indian Economy II | Core | 6 | Public Finance in India, Foreign Trade Policy and Balance of Payments, Economic Reforms since 1991, Infrastructure Development, Environmental Issues and Policy |
| ECO-HC-4106 | Introductory Econometrics | Core | 6 | Nature and Scope of Econometrics, Simple Linear Regression Model, Multiple Regression Analysis, Classical Linear Model Assumptions, Hypothesis Testing in Regression |
| SEC-2 | Skill Enhancement Course II (e.g., Data Analysis using Software) | Skill Enhancement Course | 4 | Data Cleaning and Transformation, Descriptive Statistics using Software, Regression Analysis using Software, Time Series Data Handling, Introduction to Data Visualization Tools |
| GE-4 | Generic Elective IV | Generic Elective | 6 | Topics from another discipline like Political Science, History, Sociology, etc. |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-5116 | Development Economics I | Core | 6 | Theories of Economic Development, Poverty, Inequality, and Development, Population Growth and Economic Development, Human Capital and Development, Agriculture and Rural Development |
| ECO-HC-5126 | Public Economics | Core | 6 | Market Failure and Public Goods, Externalities and Solutions, Taxation Principles and Incidence, Public Expenditure and Budgeting, Fiscal Federalism |
| DSE-1 | Discipline Specific Elective I (e.g., International Economics) | Discipline Specific Elective | 6 | Theories of International Trade, Trade Policy and Instruments, Balance of Payments, Foreign Exchange Markets, International Economic Institutions |
| DSE-2 | Discipline Specific Elective II (e.g., Environmental Economics) | Discipline Specific Elective | 6 | Economics of Environmental Quality, Market Failure and Externalities, Valuation of Environmental Goods, Environmental Policy Instruments, Sustainable Development |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-HC-6136 | Development Economics II | Core | 6 | Theories of Economic Growth, Models of Endogenous Growth, Development Policy and Planning, International Aid and Development, Globalization and its Impact on Development |
| ECO-HC-6146 | History of Economic Thought / Financial Economics | Core | 6 | Mercantilism and Physiocracy, Classical School of Thought, Marxian Economics, Neoclassical Revolution, Keynesian Revolution and Post-Keynesian Developments |
| DSE-3 | Discipline Specific Elective III (e.g., Econometrics II) | Discipline Specific Elective | 6 | Problems in Regression Analysis (Multicollinearity, Heteroscedasticity, Autocorrelation), Dummy Variables, Introduction to Panel Data, Time Series Econometrics, Limited Dependent Variable Models |
| DSE-4 | Discipline Specific Elective IV (e.g., Political Economy) | Discipline Specific Elective | 6 | Introduction to Political Economy, State and Economy, Theories of the State, Inequality and Growth, Power and Institutions in Economic Development |
