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BACHELOR-OF-ARTS in Economics at Maratha Mandal's Arts, Commerce, Science and Home Science College
Belagavi, Karnataka
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About the Specialization
What is Economics at Maratha Mandal's Arts, Commerce, Science and Home Science College Belagavi?
This Economics program at Maratha Mandal''''s Arts, Commerce, Science and Home-Science College, affiliated with Rani Channamma University, focuses on equipping students with a robust understanding of economic theories and their application to real-world scenarios, particularly within the Indian context. The curriculum emphasizes both micro and macro-economic principles, developmental challenges, and quantitative methods essential for economic analysis. It prepares graduates for diverse roles in India''''s growing economy, from policy analysis to market research.
Who Should Apply?
This program is ideal for fresh 10+2 graduates with an analytical mindset and an interest in understanding societal and market dynamics. It also caters to individuals aiming for careers in civil services, research, banking, or those aspiring to pursue postgraduate studies in economics. A basic aptitude for mathematics and statistics can be beneficial, though not strictly prerequisite, as foundational quantitative methods are covered.
Why Choose This Course?
Graduates of this program can expect to pursue career paths in economic consulting, financial services, data analysis, public policy, and research. Entry-level salaries in India typically range from INR 3 LPA to 6 LPA, with significant growth potential in government sectors, private banks, and think tanks. The program''''s analytical rigor aligns well with competitive exams and opens avenues for further specialization in areas like econometrics or development studies.
Student Success Practices
Foundation Stage
Master Economic Fundamentals- (Semester 1-2)
Actively engage with micro and macro-economic theories by attending all lectures, clarifying doubts immediately, and solving textbook problems. Form study groups to discuss complex concepts and prepare for internal assessments collaboratively.
Tools & Resources
NCERT Economics textbooks (Classes 11 & 12), Mankiw''''s Principles of Economics, Local library resources, Peer study groups
Career Connection
A strong grasp of fundamentals is crucial for higher semesters and forms the base for any economic analysis role, preparing students for aptitude tests in competitive exams and entry-level analytical positions.
Develop Academic Writing and Communication- (Semester 1-2)
Focus on improving essay writing skills for assignments and exams, paying attention to structure, argumentation, and clarity. Participate in college debates or public speaking events to enhance verbal communication and presentation skills.
Tools & Resources
Grammarly, Purdue OWL writing resources, College''''s debate club or literary association
Career Connection
Effective communication, both written and verbal, is essential for presenting research findings, policy recommendations, and securing roles in consulting, journalism, or public relations.
Build Quantitative Aptitude- (Semester 1-2)
Regularly practice basic mathematical and statistical problems. Utilize online resources to supplement classroom learning in quantitative methods, focusing on logical reasoning and data interpretation skills.
Tools & Resources
Khan Academy (for maths/stats), YouTube tutorials for basic economics concepts, R.S. Aggarwal''''s Quantitative Aptitude book
Career Connection
Developing quantitative skills early is critical for future economics roles, particularly in data analysis, finance, and actuarial science, and for cracking quantitative sections of placement tests.
Intermediate Stage
Engage with Current Economic Affairs- (Semester 3-5)
Regularly read financial newspapers like The Economic Times or Business Standard, and economic magazines to connect theoretical concepts with real-world Indian economic developments and policy discussions.
Tools & Resources
The Economic Times, Business Standard, Mint, EPW (Economic and Political Weekly)
Career Connection
Staying updated on current affairs enhances understanding of economic models, improves interview performance, and is vital for roles in journalism, policy analysis, and financial markets.
Undertake Mini Research Projects- (Semester 3-5)
Collaborate with peers or faculty on small research projects related to local economic issues, using data collection and basic statistical analysis. This builds practical research skills and critical thinking.
Tools & Resources
College library databases, National Sample Survey (NSS) data, CMIE database (if available), Microsoft Excel
Career Connection
Hands-on research experience is highly valued in postgraduate admissions, think tanks, and research-oriented roles, providing a tangible portfolio of work.
Explore Skill Enhancement Courses- (Semester 3-5)
Actively participate in skill enhancement courses (SEC) and consider online certifications in areas like data analysis (e.g., Python for Data Science, R programming) or financial modeling to gain industry-relevant technical skills.
Tools & Resources
Coursera/edX (for Data Science/R/Python courses), NPTEL courses, Financial modeling workshops
Career Connection
These technical skills are in high demand across finance, data analytics, and consulting sectors, making graduates more competitive for internships and placements.
Advanced Stage
Pursue Internships and Field Projects- (Semester 6)
Actively seek out internships in banks, NGOs, research organizations, or local government departments during summer breaks. Apply theoretical knowledge to practical problems and gain industry exposure.
Tools & Resources
LinkedIn, Internshala, College placement cell, Networking with alumni
Career Connection
Internships are invaluable for gaining practical experience, building professional networks, and often lead to pre-placement offers, significantly boosting employability in various sectors.
Prepare for Competitive Exams/Higher Studies- (Semester 6)
Begin focused preparation for competitive exams like UPSC (Civil Services), RBI Grade B, or entrance exams for Master''''s programs (e.g., MA Economics, MBA) by solving previous year papers and taking mock tests.
Tools & Resources
Official exam websites for past papers, Coaching institutes (if opting), Online mock test platforms, Dedicated study groups
Career Connection
Targeted preparation enhances chances of securing prestigious government jobs, roles in public sector banks, or admission to top-tier postgraduate programs, shaping a strong career trajectory.
Specialize and Build a Portfolio- (Semester 6)
Deep dive into a specific area of interest (e.g., public economics, international economics) through elective choices and independent research. Develop a portfolio of analytical projects, reports, or research papers.
Tools & Resources
Advanced textbooks and journals in chosen specialization, Statistical software (Stata, R, Python), Personal website/GitHub for project showcasing
Career Connection
Specialization and a strong portfolio differentiate candidates for niche roles, advanced research positions, or specific roles in policymaking and specialized consulting firms.
Program Structure and Curriculum
Eligibility:
- A candidate who has passed the two-year Pre-University Examination conducted by the Karnataka Pre-University Education Board or any other examination considered as equivalent thereto by Rani Channamma University, Belagavi, is eligible for admission to B.A. Degree Course.
Duration: 3 years (6 semesters)
Credits: Credits not specified
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC1.1 | Micro Economics – I | Core | 4 | Nature and Scope of Economics, Theory of Consumer Behaviour, Production and Costs, Market Structure – Perfect Competition, Monopoly |
| BAEC1.2 | Indian Economy – I | Core | 4 | Basic Features of Indian Economy, Agriculture in India, Industry in India, Service Sector in India, Economic Planning in India |
| AECC1.1 | English Language | Ability Enhancement Compulsory Course | 2 | Grammar and Composition, Reading Comprehension, Effective Communication, Writing Skills, Oral Communication |
| AECC1.2 | Kannada Language | Ability Enhancement Compulsory Course | 2 | Kannada Grammar, Poetry and Prose, Functional Kannada, Literary History, Translation |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC2.1 | Micro Economics – II | Core | 4 | Monopolistic Competition, Oligopoly, Theory of Distribution – Rent, Wages, Interest, Profit, Welfare Economics, Factor Pricing |
| BAEC2.2 | Indian Economy – II | Core | 4 | Poverty, Unemployment and Inequality, Population Growth and Economic Development, Foreign Trade and Balance of Payments, Economic Reforms in India, Fiscal Policy and Monetary Policy in India |
| AECC2.1 | English Language | Ability Enhancement Compulsory Course | 2 | Advanced Writing Skills, Literary Appreciation, Public Speaking, Technical Communication, Report Writing |
| AECC2.2 | Kannada Language | Ability Enhancement Compulsory Course | 2 | Advanced Kannada Grammar, Modern Kannada Literature, Cultural Aspects, Journalism in Kannada, Creative Writing |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC3.1 | Macro Economics – I | Core | 4 | National Income Accounting, Classical Theory of Employment, Keynesian Theory of Employment, Consumption and Investment Functions, Money and Banking |
| BAEC3.2 | Development Economics – I | Core | 4 | Concepts of Economic Development, Characteristics of Underdeveloped Economies, Theories of Development, Role of Capital and Technology, Planning and Development |
| SEC3.1 | Digital Fluency | Skill Enhancement Course | 2 | Introduction to Computers, Operating Systems, Internet and Web Browsing, Microsoft Office Suite (Word, Excel, PowerPoint), Cyber Security Basics |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC4.1 | Macro Economics – II | Core | 4 | Inflation, Business Cycles, Fiscal Policy, Monetary Policy, Open Economy Macroeconomics |
| BAEC4.2 | Development Economics – II | Core | 4 | Human Capital and Economic Development, Role of Agriculture and Industry in Development, International Trade and Development, Foreign Aid and Investment, Sustainable Development |
| SEC4.1 | Entrepreneurship Development | Skill Enhancement Course | 2 | Concept of Entrepreneurship, Business Idea Generation, Market Survey and Analysis, Business Plan Preparation, Funding and Government Schemes |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC5.1 | International Economics – I | Core | 4 | Theories of International Trade, Terms of Trade, Commercial Policy, Balance of Payments, Foreign Exchange Market |
| BAEC5.2 | Quantitative Methods for Economics – I | Core | 4 | Basic Mathematics for Economics, Descriptive Statistics, Probability, Index Numbers, Time Series Analysis |
| DSE5.1 | Public Economics – I | Discipline Specific Elective | 4 | Role of Government in Economy, Public Goods and Externalities, Taxation, Public Expenditure, Fiscal Federalism |
| DSE5.2 | Environmental Economics – I | Discipline Specific Elective | 4 | Economy and Environment, Market Failure and Environmental Problems, Environmental Policy Instruments, Valuation of Environmental Goods, Sustainable Development |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC6.1 | International Economics – II | Core | 4 | WTO and International Trade, Regional Economic Groupings, International Financial Institutions, Globalisation, International Capital Movements |
| BAEC6.2 | Quantitative Methods for Economics – II | Core | 4 | Correlation and Regression, Hypothesis Testing, Econometric Models, Input-Output Analysis, Linear Programming |
| DSE6.1 | Public Economics – II | Discipline Specific Elective | 4 | Public Debt, Budgetary Policy, Poverty and Income Redistribution, Cost-Benefit Analysis, Social Security |
| DSE6.2 | Environmental Economics – II | Discipline Specific Elective | 4 | Climate Change Economics, Resource Economics, Environmental Kuznets Curve, Green Accounting, International Environmental Agreements |
