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BACHELOR-OF-ARTS-BA-HONS in Economics at Maharaja Bir Bikram College
West Tripura, Tripura
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About the Specialization
What is Economics at Maharaja Bir Bikram College West Tripura?
This BA (Hons.) Economics program at Bir Bikram Memorial College, affiliated to Tripura University, offers a robust foundation in economic theories and their real-world applications. The curriculum emphasizes both microeconomic principles governing individual decisions and macroeconomic forces shaping national economies, with a strong focus on the Indian context. It prepares students for analytical roles and further academic pursuits by blending theoretical knowledge with quantitative skills relevant for India''''s evolving economic landscape.
Who Should Apply?
This program is ideal for aspiring economists, policy analysts, researchers, and data-driven professionals. It caters to fresh graduates seeking entry into government services like UPSC, RBI, and NITI Aayog, as well as those interested in careers in financial services, consulting, or data analytics firms in India. Students with a keen interest in understanding societal economic issues and developing analytical problem-solving skills will find this program rewarding.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, research associates, financial advisors, and public policy consultants. Entry-level salaries typically range from INR 3-5 LPA, potentially growing to INR 8-15 LPA or more with experience and advanced qualifications in leading Indian companies and organizations. The strong analytical and quantitative skills gained align well with demand in government, academia, banking, and data science sectors.
Student Success Practices
Foundation Stage
Master Economic Fundamentals and Mathematics- (Semester 1-2)
Dedicate time to thoroughly understand introductory microeconomics, macroeconomics, and the fundamental mathematical concepts (calculus, algebra, statistics) essential for advanced economic studies. Utilize online resources like Khan Academy for math revision and NCERT economics textbooks for core concepts.
Tools & Resources
Khan Academy, NCERT Economics Textbooks, Class lecture notes
Career Connection
A strong foundation is crucial for excelling in competitive exams like UPSC, RBI Grade B, and for building advanced analytical models required in research or data science roles.
Develop Academic Reading and Writing Skills- (Semester 1-2)
Engage actively with prescribed readings, summarize key arguments, and practice structured academic writing. Participate in college debates or essay competitions to enhance critical thinking and communication, crucial for academic success and future professional reports.
Tools & Resources
University Library Resources, Purdue OWL (Online Writing Lab), College Literary Society
Career Connection
Effective communication and analytical writing are vital for policy brief writing, research publications, and professional correspondence in government and corporate sectors.
Build a Peer Learning Network- (Semester 1-2)
Form study groups to discuss complex topics, solve problems collaboratively, and prepare for exams. Peer teaching reinforces understanding and exposes students to diverse perspectives, fostering a supportive academic environment.
Tools & Resources
WhatsApp groups, College study rooms, Online collaborative platforms like Google Docs
Career Connection
Developing teamwork and communication skills through peer learning is essential for collaborative projects in professional environments, whether in research teams or corporate roles.
Intermediate Stage
Acquire Data Analysis and Econometrics Software Skills- (Semester 3-5)
Beyond theoretical econometrics, gain hands-on experience with statistical software. Practice applying econometric models to real-world Indian economic data. Explore datasets from sources like CSO, NSSO, and RBI for practical application.
Tools & Resources
R/Python (with ''''RStudio''''/''''Jupyter Notebook''''), Stata/EViews (if available in college lab), Excel for basic data handling, RBI/NSSO/MOSPI data portals
Career Connection
Proficiency in econometric software is highly sought after for roles in data analytics, economic research, and policy evaluation in both government and private sectors in India.
Engage with Indian Economic Policy Discussions- (Semester 3-5)
Regularly follow economic news, policy debates, and reports related to the Indian economy. Participate in college seminars, workshops, or clubs focusing on current economic affairs to deepen understanding beyond textbooks.
Tools & Resources
The Economic Survey of India, RBI Annual Report, NITI Aayog publications, Financial newspapers (e.g., The Economic Times, Business Standard)
Career Connection
A nuanced understanding of India''''s economic policies and challenges is invaluable for careers in public administration, economic journalism, and policy consulting.
Seek Internships and Field Projects- (Semester 3-5)
Actively look for internships during semester breaks with NGOs, local government bodies, research institutes, or small businesses in India. Even short-term projects provide practical exposure to data collection, analysis, and problem-solving in real-world settings.
Tools & Resources
College placement cell, Internshala.com, LinkedIn, Networking with faculty
Career Connection
Internships offer invaluable practical experience, build a professional network, and provide a competitive edge for placements in organizations across India, including development sector and analytics firms.
Advanced Stage
Specialize and Undertake Independent Research- (Semester 6)
Choose Discipline Specific Electives thoughtfully, aligning with your career interests (e.g., development, finance, econometrics). Work on a capstone project or a research paper under faculty guidance, focusing on an area of Indian economic relevance.
Tools & Resources
Academic journals (e.g., Indian Economic Review), Research databases, Statistical software, Faculty mentors
Career Connection
Specialized knowledge and research experience are critical for advanced studies (MA/PhD), research-oriented roles, and distinguishing yourself in a competitive job market in India.
Prepare Rigorously for Placements and Higher Education- (Semester 6)
Attend workshops on resume building, interview skills, and group discussions organized by the college. Simultaneously, prepare for entrance exams for Master''''s programs in Economics (e.g., JNU, DSE, ISI) or competitive government exams.
Tools & Resources
College career services, Mock interview sessions, Online test series for entrance exams, Previous year question papers
Career Connection
Systematic preparation ensures successful transitions to either postgraduate studies in top Indian universities or direct placements in relevant economic and financial sectors.
Network Professionally and Mentor Juniors- (Semester 6)
Connect with alumni, guest lecturers, and professionals in the field through college events or online platforms. Share your knowledge and mentor junior students, honing your leadership and communication skills while expanding your professional circle.
Tools & Resources
LinkedIn, Alumni Association events, College career fairs
Career Connection
A strong professional network can open doors to job opportunities, mentorship, and collaborative projects, while mentoring enhances leadership qualities valued by Indian employers.
Program Structure and Curriculum
Eligibility:
- Passed Higher Secondary (10+2) or equivalent examination from a recognized Board/Council (as per Bir Bikram Memorial College admissions guidelines)
Duration: 3 years (6 semesters)
Credits: 148 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-HC-1016 | Introductory Microeconomics | Core Course (CC) | 6 | Introduction to Economics and Economic Problems, Supply, Demand and Market Equilibrium, Consumer Theory and Utility Analysis, Production, Cost and Firm Behavior, Perfect Competition and Monopoly |
| ECN-HC-1026 | Introductory Macroeconomics | Core Course (CC) | 6 | Introduction to Macroeconomics and National Income Accounting, Determination of Output and Employment, Money, Banking and Inflation, Fiscal and Monetary Policy, Open Economy Macroeconomics |
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course (AECC) | 4 | Multidisciplinary Nature of Environmental Studies, Natural Resources and Conservation, Ecosystems and Biodiversity, Environmental Pollution and Management, Social Issues and the Environment |
| GE-1 | Generic Elective - 1 | Generic Elective (GE) | 6 |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-HC-2016 | Intermediate Microeconomics I | Core Course (CC) | 6 | Consumer Preferences and Choice, Theory of Production, Cost of Production, Perfect Competition and Market Efficiency, Monopoly and Price Discrimination |
| ECN-HC-2026 | Intermediate Macroeconomics I | Core Course (CC) | 6 | Classical and Keynesian Systems, IS-LM Model and Aggregate Demand, Aggregate Supply and Price Level, Inflation and its Causes, Unemployment and Phillips Curve |
| AECC-2 | English Communication / MIL | Ability Enhancement Compulsory Course (AECC) | 4 | Communication Skills and Barriers, Reading Comprehension and Note-making, Report Writing and Official Correspondence, Grammar, Vocabulary and Sentence Structure, Presentation Skills and Public Speaking |
| GE-2 | Generic Elective - 2 | Generic Elective (GE) | 6 |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-HC-3016 | Intermediate Microeconomics II | Core Course (CC) | 6 | Monopolistic Competition and Oligopoly, Game Theory and Strategic Behaviour, Factor Markets and Income Distribution, General Equilibrium and Economic Efficiency, Welfare Economics and Market Failure |
| ECN-HC-3026 | Intermediate Macroeconomics II | Core Course (CC) | 6 | Economic Growth Theories, Business Cycles and Stabilization Policies, Rational Expectations and Policy Ineffectiveness, Open Economy Macroeconomics and Exchange Rates, Global Financial Markets and Crisis |
| ECN-HC-3036 | Indian Economy I | Core Course (CC) | 6 | Basic Characteristics of Indian Economy, Economic Planning and Reforms in India, Agriculture Sector: Structure and Issues, Industrial Sector: Policies and Performance, Poverty, Inequality and Employment |
| SEC-1 | Data Analysis for Economics (Example SEC) | Skill Enhancement Course (SEC) | 4 | Data Collection and Sources of Economic Data, Measures of Central Tendency and Dispersion, Introduction to Spreadsheets for Data Analysis (Excel), Basic Statistical Inference for Economic Data, Data Visualization and Interpretation of Results |
| GE-3 | Generic Elective - 3 | Generic Elective (GE) | 6 |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-HC-4016 | Econometrics | Core Course (CC) | 6 | Introduction to Econometrics and Regression Analysis, Simple Linear Regression Model: Estimation and Properties, Multiple Linear Regression Model, Hypothesis Testing and Confidence Intervals, Violations of Classical Assumptions (Multicollinearity, Heteroscedasticity, Autocorrelation) |
| ECN-HC-4026 | Development Economics I | Core Course (CC) | 6 | Economic Growth Theories: Solow Model, Endogenous Growth, Poverty, Inequality and Development, Human Capital and Health, Agriculture and Rural Development Strategies, Population Growth and Economic Development |
| ECN-HC-4036 | Indian Economy II | Core Course (CC) | 6 | Fiscal Policy and Public Finance in India, Monetary Policy and Financial Sector Reforms, India''''s Foreign Trade and Balance of Payments, Infrastructure Development and Sectoral Performance, Social Sector Development: Education and Health |
| SEC-2 | Research Methodology (Example SEC) | Skill Enhancement Course (SEC) | 4 | Introduction to Economic Research, Research Design and Problem Formulation, Data Collection Techniques (Primary and Secondary), Sampling Methods and Survey Design, Academic Writing and Presentation Skills |
| GE-4 | Generic Elective - 4 | Generic Elective (GE) | 6 |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-HC-5016 | International Economics | Core Course (CC) | 6 | Theories of International Trade (Ricardian, Heckscher-Ohlin), Trade Policy: Tariffs, Quotas and Non-tariff Barriers, Balance of Payments: Components and Adjustment Mechanisms, Foreign Exchange Markets and Exchange Rate Determination, International Economic Institutions (IMF, WTO, World Bank) |
| ECN-HC-5026 | Public Finance | Core Course (CC) | 6 | Role of Government in a Market Economy, Public Goods, Externalities and Market Failure, Taxation: Principles, Incidence and Classification, Public Expenditure: Growth and Theories, Fiscal Federalism and Debt Management |
| ECN-HE-5016 | Economic History of India (1857-1947) (Example DSE) | Discipline Specific Elective (DSE) | 6 | Colonial Economy: Underdevelopment and Drain Theory, Agriculture under British Rule: Commercialization and Famines, De-industrialization and Growth of Modern Industry, Railways, Infrastructure and Trade, Economic Policies and Impact on Indian Society |
| ECN-HE-5026 | Environmental Economics (Example DSE) | Discipline Specific Elective (DSE) | 6 | Environmental Problems and Economic Analysis, Market Failure: Externalities and Public Goods, Valuation of Environmental Goods and Services, Sustainable Development and Green Accounting, Environmental Policies and Regulations |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECN-HC-6016 | Development Economics II | Core Course (CC) | 6 | Role of State and Markets in Development, Migration, Labour Markets and Urbanization, Rural-Urban Linkages and Regional Disparities, Microfinance and Self Help Groups, International Aid and Foreign Direct Investment |
| ECN-HC-6026 | Money and Financial Markets | Core Course (CC) | 6 | The Concept of Money and its Functions, Financial Institutions and their Role, The Money Supply and Money Demand, Monetary Policy and its Instruments, Capital Markets and Financial Innovation |
| ECN-HE-6016 | Applied Econometrics (Example DSE) | Discipline Specific Elective (DSE) | 6 | Time Series Econometrics: Stationarity, ARIMA Models, Panel Data Models: Fixed Effects, Random Effects, Qualitative Response Models: Logit, Probit, Simultaneous Equation Models, Forecasting in Economics |
| ECN-HE-6026 | History of Economic Thought (Example DSE) | Discipline Specific Elective (DSE) | 6 | Pre-Classical Thought: Mercantilism and Physiocracy, Classical Economics: Adam Smith, David Ricardo, J.S. Mill, Marginal Revolution and Neoclassical Economics, Keynesian Revolution and its Aftermath, Contemporary Economic Thought and Criticisms |
