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BA in Economics at Maharaja Purna Chandra (Autonomous) College
Mayurbhanj, Odisha
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About the Specialization
What is Economics at Maharaja Purna Chandra (Autonomous) College Mayurbhanj?
This Economics program at Maharaja Purna Chandra Autonomous College focuses on foundational and advanced economic theories, quantitative methods, and their application to real-world Indian and global challenges. It emphasizes analytical thinking, problem-solving, and understanding socio-economic dynamics, preparing students for diverse roles in policy, research, and industry within the rapidly evolving Indian economy.
Who Should Apply?
This program is ideal for 10+2 graduates with an interest in analytical thinking, public policy, and understanding market dynamics. It is suitable for students aiming for careers in government services, banking, financial analysis, or further studies in economics, particularly those keen on contributing to India''''s economic development and policy formulation.
Why Choose This Course?
Graduates can pursue careers in economic research, data analysis, banking, finance, and public administration. Entry-level salaries in India typically range from INR 3-6 LPA, growing significantly with experience. Opportunities exist in government bodies, think tanks, MNCs, and NGOs, often leading to roles like Economic Analyst, Research Associate, or Policy Advisor.
Student Success Practices
Foundation Stage
Strengthen Quantitative Foundations- (Semester 1-2)
Consistently practice mathematical and statistical methods crucial for economics. Utilize online platforms like Khan Academy or NPTEL for extra conceptual clarity and problem-solving practice in calculus, linear algebra, and basic statistics.
Tools & Resources
Khan Academy, NPTEL, NCERT Mathematics Class XI-XII
Career Connection
Strong quantitative skills are fundamental for higher-level econometrics, financial modeling, and data analysis roles in research and finance.
Engage with Economic News and Debates- (Semester 1-2)
Regularly read prominent Indian financial newspapers (e.g., The Economic Times, Business Standard) and listen to economic podcasts. Participate in college debates or discussion groups on current economic issues to develop critical thinking and communication skills.
Tools & Resources
The Economic Times, Business Standard, Mint, RBI publications
Career Connection
Builds awareness of real-world economic applications, enhances interview skills, and prepares for policy-oriented roles in government or journalism.
Master Core Micro and Macro Concepts- (Semester 1-2)
Focus on a deep understanding of introductory micro and macroeconomics principles. Form study groups to discuss complex theories, practice graphical analysis, and solve numerical problems from standard textbooks to solidify foundational knowledge.
Tools & Resources
NCERT Economics, Basic university textbooks, Peer study groups
Career Connection
A strong grasp of these core principles is essential for all advanced economic studies and forms the bedrock for any economics-related career.
Intermediate Stage
Develop Software Proficiency for Data Analysis- (Semester 3-5)
Actively learn and practice statistical software relevant to economics like MS Excel, R, or Python. Enroll in online courses or workshops to gain hands-on experience in data handling, visualization, and basic econometric modeling using real datasets.
Tools & Resources
MS Excel, R (RStudio), Python (Jupyter notebooks), Coursera/edX courses on data science for economics
Career Connection
Highly valued skill for data analyst, research assistant, and business intelligence roles across various industries in India.
Undertake Mini-Research Projects- (Semester 3-5)
Collaborate with faculty or peers on small-scale research projects, perhaps utilizing data from government sources (e.g., NSSO, MOSPI) on Indian economic issues. This helps in applying theoretical knowledge and developing research methodology skills.
Tools & Resources
NSSO reports, RBI data, Academic journals, College library resources
Career Connection
Builds a strong resume for postgraduate studies, research positions, and enhances analytical capabilities for consulting roles.
Explore Specialization Electives Thoughtfully- (Semester 5)
In Semesters V and VI, choose DSEs (Discipline Specific Electives) that align with your career interests (e.g., econometrics for data roles, international economics for global finance, environmental economics for sustainability). Consult faculty for guidance on future career paths.
Tools & Resources
Faculty advisors, Career counseling cells, Alumni network
Career Connection
Allows for early specialization, making students more competitive for specific roles and niche industries post-graduation.
Advanced Stage
Focus on Placement Preparation and Internships- (Semester 6)
Actively participate in college placement drives. Prepare for aptitude tests, group discussions, and technical interviews. Seek internships in relevant sectors (banking, research, government organizations) to gain practical experience and network.
Tools & Resources
College placement cell, Mock interview sessions, Internship portals like Internshala, LinkedIn
Career Connection
Direct path to securing employment in desired economic and financial roles immediately after graduation.
Undertake a Comprehensive Project/Dissertation- (Semester 6)
If offered as a DSE option, undertake a substantial project or dissertation applying all learned economic and quantitative skills to an in-depth economic problem. This showcases independent research capability and critical analysis.
Tools & Resources
Academic databases, Statistical software, Faculty mentorship, Survey tools
Career Connection
A strong project is a powerful portfolio piece for higher studies applications, research roles, and demonstrating problem-solving prowess to employers.
Network with Professionals and Alumni- (Semester 6)
Attend economics-related seminars, workshops, and alumni meet-ups. Connect with professionals in your target industries through platforms like LinkedIn. These connections can provide mentorship, internship leads, and career insights.
Tools & Resources
LinkedIn, College alumni association, Industry events
Career Connection
Opens doors to hidden job markets, provides industry insights, and establishes valuable professional relationships for future career progression.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
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 |
|---|---|---|---|---|
| AECC101 | Environmental Studies | Ability Enhancement Compulsory Course | 4 | Multidisciplinary Nature of Environmental Studies, Natural Resources, Ecosystems, Biodiversity and Conservation, Environmental Pollution, Environmental Policies and Practices |
| ECO-CC-1 | Introductory Microeconomics | Core Course | 6 | Introduction to Economics, Consumer Behavior, Production and Costs, Market Structures, Factor Market |
| ECO-CC-2 | Mathematical Methods for Economics-I | Core Course | 6 | Economic Models and Math, Functions and Graphs, Derivatives, Optimization, Integration |
| ECO-GE-1 | Principles of Microeconomics (Generic Elective) | Generic Elective | 6 | Introduction, Theory of Consumer Behavior, Theory of Production and Costs, Perfect Competition, Imperfect Competition |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC201 | English Communication | Ability Enhancement Compulsory Course | 4 | Theory of Communication, Reading Skills, Writing Skills, Listening and Speaking Skills, Vocabulary |
| ECO-CC-3 | Introductory Macroeconomics | Core Course | 6 | Introduction to Macroeconomics, National Income Accounting, Determination of Output and Employment, Money, Inflation |
| ECO-CC-4 | Mathematical Methods for Economics-II | Core Course | 6 | Matrix Algebra, Determinants, Static Analysis, Optimization with Constraints, Dynamic Analysis |
| ECO-GE-2 | Principles of Macroeconomics (Generic Elective) | Generic Elective | 6 | Introduction to Macroeconomics, National Income Accounting, Money and Banking, Inflation and Unemployment, Open Economy Macroeconomics |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-5 | Intermediate Microeconomics-I | Core Course | 6 | Consumer Behavior, Production Theory, Cost Theory, Market Structures, General Equilibrium |
| ECO-CC-6 | Intermediate Macroeconomics-I | Core Course | 6 | National Income, Consumption and Investment, Money Supply, Inflation, Open Economy |
| ECO-CC-7 | Statistical Methods for Economics | Core Course | 6 | Introduction to Statistics, Data Collection, Measures of Central Tendency, Measures of Dispersion, Probability |
| ECO-SEC-1 | Data Analysis | Skill Enhancement Course | 4 | Introduction to Data, Data Representation, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression |
| ECO-GE-3 | Indian Economy (Generic Elective) | Generic Elective | 6 | Basic Characteristics of Indian Economy, Agricultural Sector, Industrial Sector, Service Sector, External Sector |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-8 | Intermediate Microeconomics-II | Core Course | 6 | Welfare Economics, Game Theory, Asymmetric Information, Public Goods, Externalities |
| ECO-CC-9 | Intermediate Macroeconomics-II | Core Course | 6 | IS-LM Model, AD-AS Model, Business Cycles, Fiscal Policy, Monetary Policy |
| ECO-CC-10 | Introductory Econometrics | Core Course | 6 | Basic Econometrics, Simple Linear Regression, Multiple Regression, Violations of Classical Assumptions, Dummy Variables |
| ECO-SEC-2 | Research Methodology | Skill Enhancement Course | 4 | Introduction to Research, Research Design, Data Collection, Sampling, Report Writing |
| ECO-GE-4 | Public Finance (Generic Elective) | Generic Elective | 6 | Introduction to Public Finance, Public Expenditure, Taxation, Public Debt, Fiscal Policy |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-11 | Indian Economy-I | Core Course | 6 | Basic Issues in Indian Economy, Agriculture Sector, Industrial Sector, Infrastructure, Economic Reforms |
| ECO-CC-12 | Development Economics-I | Core Course | 6 | Concept of Development, Theories of Economic Growth, Poverty, Inequality, Human Capital |
| ECO-DSE-1A | Applied Econometrics (DSE Option) | Discipline Specific Elective | 6 | Advanced Regression Models, Time Series Analysis, Panel Data Models, Limited Dependent Variable Models, Applications |
| ECO-DSE-1B | Environmental Economics (DSE Option) | Discipline Specific Elective | 6 | Introduction to Environmental Economics, Externalities, Public Goods, Valuation of Environmental Resources, Environmental Policies |
| ECO-DSE-2A | Financial Economics (DSE Option) | Discipline Specific Elective | 6 | Financial Markets, Financial Instruments, Risk and Return, Portfolio Theory, Asset Pricing |
| ECO-DSE-2B | International Economics (DSE Option) | Discipline Specific Elective | 6 | Theories of International Trade, Tariffs and Non-Tariff Barriers, Balance of Payments, Exchange Rates, International Financial System |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-13 | Indian Economy-II | Core Course | 6 | Population and Development, Employment, Poverty and Food Security, Regional Disparities, External Sector |
| ECO-CC-14 | Development Economics-II | Core Course | 6 | Theories of Underdevelopment, Sustainable Development, Trade and Development, Globalisation, Role of State |
| ECO-DSE-3A | Economic History of India (1857-1947) (DSE Option) | Discipline Specific Elective | 6 | Colonial Exploitation, Agriculture, Industry, Railways, Drain of Wealth |
| ECO-DSE-3B | History of Economic Thought (DSE Option) | Discipline Specific Elective | 6 | Mercantilism, Physiocracy, Classical School, Marxism, Keynesian Revolution |
| ECO-DSE-4A | Computer Applications in Economic Analysis (DSE Option) | Discipline Specific Elective | 6 | MS Excel, SPSS/Stata, Data Management, Statistical Analysis, Report Generation |
| ECO-DSE-4B | Project Work / Dissertation (DSE Option) | Discipline Specific Elective | 6 | Research Question Formulation, Literature Review, Data Collection, Data Analysis, Thesis Writing |
