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B-A-HONS 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 B.A. (Hons) Economics program at Maharaja Purna Chandra Autonomous College focuses on equipping students with a robust understanding of economic theories, quantitative methods, and policy implications. The curriculum is designed to analyze India''''s economic challenges and opportunities, fostering critical thinking and research skills crucial for addressing national and global economic issues. It emphasizes both theoretical foundations and practical applications.
Who Should Apply?
This program is ideal for fresh graduates aspiring to careers in economic policy, financial analysis, research, public sector, and civil services. It attracts analytical minds with a keen interest in understanding market dynamics, government policies, and developmental challenges, providing a strong academic foundation for postgraduate studies and diverse professional roles.
Why Choose This Course?
Graduates of this program can expect diverse career paths in areas like economic consulting, banking, research institutions, government organizations, and NGOs. Entry-level salaries in India typically range from INR 3-6 lakhs annually, with significant growth trajectories in dynamic sectors. The program also prepares students for competitive exams like UPSC, RBI Grade B, and for pursuing M.A. in Economics or MBA.
Student Success Practices
Foundation Stage
Build a Strong Mathematical Foundation- (undefined)
Dedicate extra effort to master mathematical methods (calculus, algebra, statistics) introduced in early semesters. Utilize resources like Khan Academy, NPTEL courses, and practice problem sets rigorously, as these skills are fundamental for advanced economic analysis and econometrics.
Tools & Resources
Khan Academy, NPTEL, Practice workbooks for mathematics
Career Connection
A strong quantitative base is indispensable for roles in financial analysis, data science, and economic research, which are highly sought after in the Indian job market.
Cultivate Regular Economic News Consumption- (undefined)
Develop a habit of reading prominent Indian financial dailies (e.g., The Economic Times, Business Standard) and following economic policy discussions. This contextual understanding of real-world economic events enhances classroom learning and helps in applying theoretical concepts to current issues.
Tools & Resources
The Economic Times, Business Standard, RBI publications, Government policy documents
Career Connection
Staying updated on economic affairs is crucial for roles in policy analysis, journalism, and for competitive exams like UPSC, providing a competitive edge in interviews.
Engage in Active Peer Learning and Discussion- (undefined)
Form study groups with classmates to discuss complex economic theories, solve numerical problems, and review concepts. Collaborative learning fosters deeper understanding, clarifies doubts, and develops communication skills essential for academic and professional success.
Tools & Resources
Study groups, Library resources, Discussion forums
Career Connection
Effective teamwork and communication skills are highly valued in corporate and public sector roles, improving collaborative project outcomes and leadership potential.
Intermediate Stage
Acquire Data Analysis and Software Proficiency- (undefined)
Actively learn statistical software like R or Python, and advanced Excel for data manipulation and econometric modeling. Supplement coursework with online certifications to build practical skills beyond theoretical knowledge, making you job-ready.
Tools & Resources
R/Python (online tutorials, Coursera, Udemy), Microsoft Excel, Stata/EViews (if available in labs)
Career Connection
Proficiency in data analysis tools is critical for roles in business analytics, market research, and econometrics, opening doors to high-demand jobs in India''''s data-driven economy.
Seek Internships and Research Opportunities- (undefined)
Actively pursue internships with local NGOs, government departments, financial firms, or small businesses during breaks. Engage with faculty on minor research projects to gain hands-on experience in data collection, analysis, and report writing, translating theoretical knowledge into practical skills.
Tools & Resources
College placement cell, LinkedIn, Internshala, Faculty research projects
Career Connection
Internships provide crucial industry exposure, networking opportunities, and a tangible work experience that significantly boosts resume strength for placements and higher education.
Participate in Economic Competitions and Clubs- (undefined)
Join the college''''s economics society, participate in debates, quizzes, and essay competitions. These activities enhance critical thinking, public speaking, and the ability to articulate economic arguments effectively, preparing you for real-world scenarios.
Tools & Resources
College Economics Club, Inter-college competitions, Online economic forums
Career Connection
Such participations develop soft skills and leadership qualities, making graduates more confident and articulate in job interviews and professional settings.
Advanced Stage
Strategic Specialization and Capstone Project- (undefined)
Thoughtfully choose Discipline Specific Electives (DSEs) that align with your career aspirations (e.g., Financial Economics for banking, Environmental Economics for policy). Undertake a comprehensive research project or dissertation in your final year, applying learned skills to a specific economic problem.
Tools & Resources
Academic advisors, Research papers and journals, Statistical software
Career Connection
Deep specialization and a strong capstone project demonstrate expertise and research capability, making candidates highly attractive for specialized roles and academic pursuits.
Targeted Placement and Competitive Exam Preparation- (undefined)
Begin focused preparation for campus placements, competitive exams like UPSC, RBI Grade B, or bank PO exams. Attend workshops on resume building, interview skills, and quantitative aptitude. Utilize online mock tests and previous year question papers.
Tools & Resources
Placement cell workshops, Online test series (e.g., EduTap, Oliveboard), Career counselors
Career Connection
Proactive and targeted preparation significantly increases the chances of securing desirable placements or excelling in India''''s competitive public sector examinations.
Network Professionally and Seek Mentorship- (undefined)
Connect with alumni, professors, and professionals in your target industries through LinkedIn, college events, and professional conferences. Seek mentorship to gain insights into career paths, industry trends, and opportunities for growth in the Indian context.
Tools & Resources
LinkedIn, Alumni network, Industry events, Departmental seminars
Career Connection
Networking opens doors to hidden job opportunities, valuable advice, and potential collaborations, which are crucial for long-term career success and advancement.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 3 years / 6 semesters
Credits: 140 Credits
Assessment: Internal: 20% (for theory), 30% (for practicals), External: 80% (for theory), 70% (for practicals)
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-I | Introductory Microeconomics | Core | 6 | Introduction to Economics, Consumer Behaviour, Production and Costs, Market Structures, Factor Pricing |
| CC-II | Mathematical Methods for Economics-I | Core | 6 | Basic Concepts (sets, functions), Equilibrium Analysis (linear models), Matrix Algebra, Calculus (derivatives), Optimization |
| AECC-I | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Multidisciplinary nature of environmental studies, Ecosystems, Biodiversity and its conservation, Environmental Pollution, Social Issues and the Environment |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-III | Intermediate Microeconomics-I | Core | 6 | Consumer Theory (indifference curves), Production Theory, Cost Analysis, Perfect Competition, Monopoly |
| CC-IV | Mathematical Methods for Economics-II | Core | 6 | Calculus (integrals), Optimization (constrained), Differential Equations, Difference Equations, Input-Output Analysis |
| AECC-II | English Communication / MIL | Ability Enhancement Compulsory Course | 2 | Introduction to Communication, Language of Communication, Reading Skills, Writing Skills, Speaking Skills |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-V | Intermediate Microeconomics-II | Core | 6 | Imperfect Competition (monopolistic, oligopoly), Game Theory, Welfare Economics, Externalities and Public Goods, Asymmetric Information |
| CC-VI | Introductory Macroeconomics | Core | 6 | National Income Accounting, Determination of Output and Employment, Money and Inflation, Open Economy Macroeconomics |
| CC-VII | Indian Economy-I | Core | 6 | Basic Characteristics of Indian Economy, Economic Planning in India, Agriculture, Industry, Economic Reforms |
| GE-I | Generic Elective - I | Generic Elective (Chosen from other disciplines) | 6 | Topics depend on the subject chosen from other disciplines offered by the college. |
| SEC-I | Data Analysis | Skill Enhancement Compulsory Course | 2 | Introduction to Data, Data Collection, Data Presentation, Measures of Central Tendency, Measures of Dispersion |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-VIII | Intermediate Macroeconomics-I | Core | 6 | Classical vs. Keynesian, IS-LM Model, AD-AS Model, Inflation and Unemployment, Business Cycles |
| CC-IX | Indian Economy-II | Core | 6 | Public Finance, Money and Banking, Foreign Trade and Exchange Rate, Poverty and Inequality, Infrastructure |
| CC-X | Introductory Econometrics | Core | 6 | Nature of Econometrics, Two-Variable Regression Model, Multiple Regression Analysis, Regression with Qualitative Variables, Time Series Econometrics |
| GE-II | Generic Elective - II | Generic Elective (Chosen from other disciplines) | 6 | Topics depend on the subject chosen from other disciplines offered by the college. |
| SEC-II | Research Methodology | Skill Enhancement Compulsory Course | 2 | Introduction to Research, Research Design, Methods of Data Collection, Sampling, Report Writing |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-XI | Intermediate Macroeconomics-II | Core | 6 | Economic Growth (Solow model), Endogenous Growth Theory, Open Economy Macroeconomics (Mundell-Fleming), Exchange Rate Regimes, International Monetary System |
| CC-XII | Development Economics-I | Core | 6 | Concepts of Development, Theories of Economic Growth and Development, Poverty and Inequality, Population Growth, Human Capital |
| DSE-I | Discipline Specific Elective - I (Choice from Pool) | Elective | 6 | Economic History of India (1857-1947), Environmental Economics, Financial Economics, Applied Econometrics, History of Economic Thought, International Economics, Demography, Money and Financial Markets |
| DSE-II | Discipline Specific Elective - II (Choice from Pool) | Elective | 6 | Economic History of India (1857-1947), Environmental Economics, Financial Economics, Applied Econometrics, History of Economic Thought, International Economics, Demography, Money and Financial Markets |
| GE-III | Generic Elective - III | Generic Elective (Chosen from other disciplines) | 6 | Topics depend on the subject chosen from other disciplines offered by the college. |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-XIII | Development Economics-II | Core | 6 | Institutions and Development, Industrialization and Urbanization, International Trade and Development, Globalisation, Public Policy |
| CC-XIV | Public Economics | Core | 6 | Public Goods, Externalities, Public Revenue, Public Expenditure, Fiscal Policy |
| DSE-III | Discipline Specific Elective - III (Choice from Pool) | Elective | 6 | Economic History of India (1857-1947), Environmental Economics, Financial Economics, Applied Econometrics, History of Economic Thought, International Economics, Demography, Money and Financial Markets |
| DSE-IV | Discipline Specific Elective - IV (Choice from Pool) | Elective | 6 | Economic History of India (1857-1947), Environmental Economics, Financial Economics, Applied Econometrics, History of Economic Thought, International Economics, Demography, Money and Financial Markets |
| GE-IV | Generic Elective - IV | Generic Elective (Chosen from other disciplines) | 6 | Topics depend on the subject chosen from other disciplines offered by the college. |
