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MBA-BUSINESS-ECONOMICS in General at Maharshi Dayanand University, Rohtak
Rohtak, Haryana
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About the Specialization
What is General at Maharshi Dayanand University, Rohtak Rohtak?
This MBA Business Economics program at Maharshi Dayanand University, Rohtak focuses on integrating economic theory with business practices to equip professionals with analytical decision-making skills. It emphasizes understanding macroeconomic trends, market dynamics, and policy impacts relevant to the Indian business landscape. The program''''s core differentiator lies in its deep dive into economic principles as applied to real-world corporate challenges, addressing a growing demand for such specialized expertise in India''''s complex and evolving economic environment.
Who Should Apply?
This program is ideal for commerce, economics, or management graduates aspiring for analytical roles in financial services, consulting, and policy analysis. It also suits working professionals, particularly those in banking, research, or government sectors, looking to enhance their economic understanding and strategic decision-making capabilities. Career changers with a strong quantitative aptitude seeking to transition into economic advisory or business intelligence roles will also find this program beneficial.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as Economic Analysts, Business Strategists, Market Researchers, Financial Analysts, and Policy Consultants. Entry-level salaries typically range from INR 4-7 lakhs per annum, with experienced professionals earning significantly more, often upwards of INR 10-15 lakhs. The program prepares students for growth trajectories in major Indian and multinational corporations, think tanks, and regulatory bodies, aligning with certifications in financial modeling or business analytics.
Student Success Practices
Foundation Stage
Develop Strong Quantitative & Economic Foundations- (Semester 1-2)
Focus rigorously on understanding Managerial Economics, Quantitative Methods, and Indian Economic Policy. Regularly solve case studies related to demand forecasting, cost analysis, and statistical inference. Form study groups to discuss economic concepts and their real-world applications.
Tools & Resources
NPTEL courses on Economics & Statistics, Samuelson & Nordhaus textbooks, Khan Academy for basic quant skills
Career Connection
A solid foundation in these areas is crucial for all analytical roles, especially in financial analysis, market research, and economic consulting, improving performance in aptitude tests and interviews.
Master Business Software Applications- (Semester 1-2)
Beyond basic computer applications, proactively learn advanced functions in MS Excel (pivot tables, lookup functions, data analysis toolpak) and begin exploring statistical software like SPSS or R for data analysis. Attend workshops on data visualization.
Tools & Resources
Microsoft Office Specialist certification, Online Excel courses (Coursera, Udemy), Tutorials for SPSS/R
Career Connection
Proficiency in data analysis tools is a non-negotiable skill for modern business economists and analysts, significantly boosting employability in data-driven roles.
Engage in Contemporary Business Issue Discussions- (Semester 1-2)
Actively participate in seminars and group discussions on current Indian and global economic issues. Read business newspapers (Economic Times, Business Standard) and magazines (Forbes India) daily. Form a ''''Business Economics Club'''' to organize debates and guest lectures.
Tools & Resources
LiveMint, Business Standard, The Economic Times, MDU''''s central library for business journals
Career Connection
Enhances critical thinking, communication skills, and awareness of the economic landscape, making students more articulate and informed in interviews and professional settings.
Intermediate Stage
Deep Dive into Sector-Specific Economics- (Semester 3)
Specialize by focusing on subjects like Economics of Financial Markets, Industrial Economics, and International Economics. Undertake mini-research projects or case studies specific to Indian industries (e.g., automobile, IT, agriculture) to apply theoretical knowledge.
Tools & Resources
CMIE Prowess IQ database (if MDU has subscription), Reserve Bank of India publications, Ministry of Finance reports, Industry reports from CRISIL, IBEF
Career Connection
Develops specialized knowledge highly valued by sector-specific research firms, financial institutions, and manufacturing companies in India, leading to targeted career opportunities.
Gain Practical Research and Data Analysis Experience- (Semester 3-4)
Leverage the Dissertation and Project Report components to undertake original research. Apply Managerial Research Methodology and Econometrics skills using real-world datasets. Seek out faculty guidance for robust statistical analysis.
Tools & Resources
SPSS, R, Python (Pandas, NumPy, Matplotlib), MDU''''s research lab facilities, Academic journals
Career Connection
Strong research and econometric skills are highly sought after in market research, business intelligence, and economic consulting roles, providing a tangible portfolio of work for recruiters.
Cultivate Professional Network & Internships- (Semester 3-4)
Actively seek summer internships or part-time projects in economic research, financial analysis, or consulting firms. Attend industry seminars and workshops. Connect with alumni working in relevant fields on platforms like LinkedIn.
Tools & Resources
LinkedIn, MDU Career Services, Industry conferences and webinars, Alumni networking events
Career Connection
Internships provide invaluable practical experience, build a professional network, and often lead to pre-placement offers, significantly easing the transition into the job market.
Advanced Stage
Master Econometric Modeling and Forecasting- (Semester 4)
Deepen understanding of Econometrics for Business Decisions. Practice building and interpreting econometric models using various datasets. Work on forecasting projects relevant to Indian economic indicators or market trends.
Tools & Resources
Advanced Econometrics textbooks (e.g., Gujarati), EViews, Stata, R/Python for time-series analysis
Career Connection
This is a critical skill for roles in economic forecasting, policy analysis, and quantitative research in financial institutions, making graduates highly competitive for specialized roles.
Ace Placement Preparation & Interview Skills- (Semester 4)
Participate in mock interviews, group discussions, and aptitude test preparation sessions. Refine your resume and cover letter to highlight economic analysis and quantitative skills. Network intensely with recruiters during campus placement drives.
Tools & Resources
MDU Placement Cell, Online aptitude test platforms, Interview preparation guides, LinkedIn
Career Connection
Directly impacts placement success, securing desirable roles in top Indian companies and financial services, aligning skills with industry requirements.
Develop Policy Analysis and Presentation Acumen- (Semester 4)
Focus on understanding Public Finance, Labour Economics, and Environmental Economics with an eye towards policy implications. Practice presenting complex economic arguments clearly and concisely, especially during the Viva-Voce.
Tools & Resources
Government of India budget documents, Economic surveys, Policy briefs, Presentation software, Public speaking workshops
Career Connection
Essential for roles in public sector organizations, government consulting, think tanks, and any position requiring strategic communication of economic insights to diverse stakeholders.
Program Structure and Curriculum
Eligibility:
- Bachelor''''s degree with 50% marks (47.5% for SC/ST/Differently-Abled candidates of Haryana) in aggregate or any other examination recognized by M.D. University, Rohtak, as equivalent thereto.
Duration: 4 semesters / 2 years
Credits: 98 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBABE-101 | Managerial Economics | Core | 4 | Nature & Scope of Managerial Economics, Demand Analysis and Forecasting, Production Theory & Analysis, Cost Analysis & Estimation, Market Structures and Pricing Strategies |
| MBABE-102 | Organisational Behaviour | Core | 4 | Foundations of Organisational Behaviour, Individual Behaviour (Personality, Perception, Learning), Motivation Theories & Applications, Group Dynamics & Team Building, Leadership Theories & Styles |
| MBABE-103 | Business Environment | Core | 4 | Concept & Components of Business Environment, Economic Environment (Policies, Indicators), Political & Legal Environment, Socio-Cultural Environment & Ethics, Technological Environment & Innovation |
| MBABE-104 | Quantitative Methods for Business Decisions | Core | 4 | Basic Statistical Concepts & Data Presentation, Probability & Probability Distributions, Sampling & Estimation Theory, Hypothesis Testing, Correlation and Regression Analysis |
| MBABE-105 | Accounting for Managers | Core | 4 | Fundamentals of Financial Accounting, Preparation of Financial Statements, Cost Accounting Concepts & Techniques, Budgeting & Budgetary Control, Working Capital Management |
| MBABE-106 | Computer Applications in Management (Practical) | Core | 2 | MS Office Suite (Word, Excel, PowerPoint), Data Processing & Database Concepts, Internet & E-commerce Applications, Basic Programming Logic, Business Software Overview |
| MBABE-107 | Seminar on Contemporary Business Issues | Core | 2 | Current Economic Trends, Global Business Challenges, Corporate Social Responsibility, Business Ethics & Governance, Innovation & Entrepreneurship |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBABE-201 | Indian Economic Policy | Core | 4 | Macroeconomic Policies in India, Industrial Policy & Sectoral Reforms, Agricultural Policy & Rural Development, Fiscal Policy & Public Finance, Monetary Policy & Financial Sector Reforms |
| MBABE-202 | Human Resource Management | Core | 4 | HR Planning & Job Analysis, Recruitment & Selection Processes, Training & Development Strategies, Performance Appraisal & Management, Compensation & Employee Relations |
| MBABE-203 | Marketing Management | Core | 4 | Marketing Concepts & Philosophies, Market Segmentation, Targeting, Positioning, Product Decisions & Brand Management, Pricing Strategies & Techniques, Promotion & Distribution Channels |
| MBABE-204 | Operations Management | Core | 4 | Production Systems & Design, Inventory Management & Control, Quality Management & Control, Supply Chain Management, Project Management Techniques |
| MBABE-205 | Financial Management | Core | 4 | Goals & Functions of Financial Management, Capital Budgeting Decisions, Cost of Capital & Capital Structure, Working Capital Management, Dividend Policy & Theories |
| MBABE-206 | Data Analysis & Business Modelling (Practical) | Core | 2 | Statistical Software Application (e.g., SPSS, R), Regression Analysis & Interpretation, Time Series Analysis & Forecasting, Decision Making Models, Simulation Techniques |
| MBABE-207 | Project Report-I | Core | 2 | Research Problem Formulation, Literature Review Techniques, Data Collection Methods, Basic Data Analysis, Report Writing & Presentation |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBABE-301 | Economics of Financial Markets | Core | 4 | Structure of Indian Financial System, Money Market Operations & Instruments, Capital Market Operations & Instruments, Financial Sector Reforms & Regulations (SEBI, RBI), Financial Derivatives & Risk Management |
| MBABE-302 | Industrial Economics | Core | 4 | Industrial Structure & Organisation, Market Concentration & Performance, Firm Size, Growth & Diversification, Industrial Sickness & Revival, Industrial Policies in India |
| MBABE-303 | International Economics | Core | 4 | Theories of International Trade, Balance of Payments & Disequilibrium, Foreign Exchange Markets & Exchange Rates, Trade Policy & Protectionism, International Economic Institutions (WTO, IMF, WB) |
| MBABE-304 | Economic Growth & Development | Core | 4 | Theories of Economic Growth, Indicators & Measurement of Development, Poverty, Inequality & Income Distribution, Population & Human Capital Development, Sustainable Development Goals |
| MBABE-305 | Managerial Research Methodology | Core | 4 | Research Design & Types, Data Collection Methods & Instruments, Sampling Design & Techniques, Data Analysis & Interpretation, Report Writing & Ethical Considerations |
| MBABE-306 | Dissertation | Core | 4 | In-depth Research Problem Identification, Extensive Literature Review, Advanced Data Collection & Analysis, Original Contribution & Thesis Writing, Scholarly Presentation & Defense |
| MBABE-307 | Project Report-II | Core | 2 | Advanced Case Study Analysis, Field Work & Empirical Investigation, Data Interpretation & Inferences, Project Management & Documentation, Solution Recommendation |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBABE-401 | Public Finance | Core | 4 | Role of Government in the Economy, Principles & Theories of Taxation, Public Expenditure & Budgeting, Public Debt Management, Fiscal Policy & Federal Finance in India |
| MBABE-402 | Labour Economics | Core | 4 | Labour Market Theories, Wage Determination & Theories, Trade Unions & Collective Bargaining, Labour Welfare & Social Security, Indian Labour Laws & Policies |
| MBABE-403 | Environmental Economics | Core | 4 | Environmental Problems & Economic Growth, Valuation of Environmental Goods & Services, Environmental Policy Instruments, Climate Change Economics, Sustainable Development & Green Economy |
| MBABE-404 | Agricultural Economics | Core | 4 | Structure & Characteristics of Indian Agriculture, Agricultural Production & Productivity, Agricultural Marketing & Prices, Farm Finance & Rural Credit, Food Security & Agricultural Policies |
| MBABE-405 | Econometrics for Business Decisions | Core | 4 | Classical Linear Regression Model, Multiple Regression Analysis, Dummy Variables & Limited Dependent Variable Models, Time Series Econometrics (Stationarity, Cointegration), Forecasting Models & Applications |
| MBABE-406 | Project Report-III | Core | 2 | Comprehensive Project Implementation, Impact Assessment & Evaluation, Advanced Data Visualization, Reporting Findings to Stakeholders, Policy Recommendations based on Project |
| MBABE-407 | Viva-Voce | Core | 2 | Comprehensive Knowledge of Business Economics, Defense of Dissertation/Project Work, Communication & Presentation Skills, Critical Thinking & Problem-Solving Aptitude, Professional Etiquette |
