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BACHELOR-OF-COMMERCE 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 within the Bachelor of Commerce at Maratha Mandal''''s Arts, Commerce, Science and Home-Science College focuses on equipping students with a robust understanding of economic principles and their application in the Indian business landscape. The curriculum is designed to provide analytical skills necessary for understanding market dynamics, financial systems, and policy implications relevant to India''''s growing economy. It delves into both micro and macro economic theories, alongside quantitative methods for analysis.
Who Should Apply?
This program is ideal for fresh graduates from diverse academic backgrounds, especially those with a strong aptitude for numbers and an interest in societal and business trends. It is suitable for individuals aspiring for roles in economic analysis, financial markets, public policy, or entrepreneurship within India. Graduates seeking to pursue higher studies in economics, finance, or business administration will also find the foundational knowledge invaluable.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths in sectors like banking, financial services, market research, government agencies, and consultancies. Entry-level salaries typically range from INR 2.5 to 4.5 lakhs annually, with significant growth trajectories for experienced professionals moving into roles like economic analysts, data scientists, or policy advisors. The program also prepares students for competitive exams for public sector jobs.
Student Success Practices
Foundation Stage
Strengthen Core Economic Concepts- (Semester 1-2)
Actively engage with Micro and Macro Economics concepts from day one. Utilize online resources like NPTEL courses on basic economics, Khan Academy, and participate in classroom discussions to clarify doubts.
Tools & Resources
NPTEL courses, Khan Academy, Classroom discussions
Career Connection
This strong foundation is crucial for advanced economic analysis and decision-making roles in any sector.
Develop Analytical & Quantitative Skills- (Semester 1-2)
Focus on improving mathematical and statistical abilities necessary for economic modeling. Practice problems from textbooks, attend workshops on basic Excel for data handling, and join peer study groups to solve complex numerical problems.
Tools & Resources
Textbooks, Excel workshops, Peer study groups
Career Connection
Strong quantitative skills are highly valued in economic research, financial analysis, and data-driven roles.
Read Business & Economic News Regularly- (Semester 1-2)
Cultivate a habit of reading leading Indian business newspapers such as The Economic Times or Business Standard, and economic magazines. This connects theoretical knowledge to real-world economic events and policy changes.
Tools & Resources
The Economic Times, Business Standard, Financial magazines
Career Connection
Enhances current affairs knowledge vital for competitive exams, job interviews, and understanding market dynamics.
Intermediate Stage
Explore Electives with an Economics Lens- (Semester 3-5)
Strategically choose Discipline Specific Electives (DSEs) that deepen your economic understanding, such as Indian Economy, Economics of Public Finance, and Indian Financial System. Supplement with online certifications in financial modeling or econometrics basics.
Tools & Resources
RCU B.Com Syllabus elective choices, Coursera, edX
Career Connection
This specialization helps in targeting specific career niches within economic research, financial sector, and public policy.
Seek Early Industry Exposure through Internships- (Semester 3-5)
Look for short-term internships or projects related to economic research, financial analysis, or market surveys with local businesses, NGOs, or consultancies in Belagavi or nearby cities. Even unpaid experience is valuable.
Tools & Resources
College career cell, LinkedIn, Local company websites
Career Connection
Gaining practical experience and understanding industry operations is critical for placement readiness and building a professional network.
Participate in Economic Debates & Competitions- (Semester 3-5)
Join college economic forums, participate in inter-collegiate debates, essay writing, or business quiz competitions focused on economic themes. This hones critical thinking and communication skills.
Tools & Resources
College clubs and societies, Inter-collegiate events, Online debate platforms
Career Connection
Develops public speaking and analytical skills, provides networking opportunities, and enhances your resume for future roles.
Advanced Stage
Refine Research & Data Interpretation Skills- (Semester 6)
Work on a capstone project or a detailed research paper on an economic topic of interest, utilizing statistical software like R, Python for data analysis, or advanced Excel. Focus on data collection, analysis, and interpretation.
Tools & Resources
R, Python (Pandas, NumPy), Advanced Excel, Research journals
Career Connection
These skills are critical for roles in economic consulting, market research, data analysis, and policy formulation.
Targeted Placement Preparation- (Semester 6)
Actively prepare for campus placements or off-campus job applications by focusing on interview skills, resume building, and specific domain knowledge related to economic analysis, banking, or finance. Attend career counseling sessions.
Tools & Resources
College placement cell, Online interview preparation platforms, Mock interview sessions, Alumni network
Career Connection
Ensures readiness for the job market, increasing chances of securing desirable placements in relevant Indian companies.
Consider Higher Education or Professional Certifications- (Semester 6 onwards)
Explore options for a Master''''s in Economics, MBA, or professional certifications like NCFM (NSE Certified Financial Market) modules or CFA (Chartered Financial Analyst) foundation levels. This provides a competitive edge.
Tools & Resources
UGC NET exam details, NSE Academy website, CFA Institute website, University prospectuses
Career Connection
Opens doors to advanced career roles, specialized positions, and academic pursuits, leading to higher earning potential in India.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 / PUC II exam or equivalent examination
Duration: 3 years / 6 semesters
Credits: 136 Credits
Assessment: Internal: 20% (for 100-mark papers) / 40% (for 50-mark Skill Enhancement Courses), External: 80% (for 100-mark papers) / 60% (for 50-mark Skill Enhancement Courses)
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 1.1 | Kannada/Sanskrit/Hindi/Urdu (Language) | Ability Enhancement Compulsory Course (AECC) | 2 | Language skills, Reading comprehension, Writing skills, Communication |
| 1.2 | English (Compulsory) | Ability Enhancement Compulsory Course (AECC) | 2 | Grammar and usage, Written communication, Report writing, Vocabulary building, Presentation skills |
| 1.3 | Financial Accounting - I | Core | 4 | Accounting Concepts and Principles, Journal, Ledger, Trial Balance, Final Accounts of Sole Proprietorship, Depreciation Accounting, Bills of Exchange |
| 1.4 | Business Economics - I (Micro Economics) | Core | 4 | Introduction to Business Economics, Theory of Consumer Behaviour, Production and Cost Analysis, Market Structures, Pricing Policies and Practices |
| 1.5 | Business Organization & Management | Core | 4 | Introduction to Business, Forms of Business Organizations, Principles of Management, Functions of Management (Planning, Organizing), Staffing, Directing, Controlling |
| 1.6 | Constitution of India | Ability Enhancement Compulsory Course (AECC) | 2 | Constituent Assembly and Preamble, Fundamental Rights and Duties, Directive Principles of State Policy, Union and State Legislature, Judiciary and Emergency Provisions |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 2.1 | Kannada/Sanskrit/Hindi/Urdu (Language) | Ability Enhancement Compulsory Course (AECC) | 2 | Advanced language skills, Literary analysis, Creative writing, Cultural understanding |
| 2.2 | English (Compulsory) | Ability Enhancement Compulsory Course (AECC) | 2 | Advanced English grammar, Business communication, Public speaking, Critical reading, Professional writing |
| 2.3 | Financial Accounting - II | Core | 4 | Consignment and Joint Venture Accounts, Royalty and Hire Purchase, Branch and Departmental Accounts, Insolvency Accounts, Company Final Accounts |
| 2.4 | Business Economics - II (Macro Economics) | Core | 4 | Introduction to Macro Economics, National Income, Theories of Employment and Money, Inflation and Deflation, Business Cycles and Monetary/Fiscal Policy |
| 2.5 | Principles of Marketing | Core | 4 | Introduction to Marketing, Marketing Environment, Market Segmentation and Targeting, Product and Pricing Decisions, Promotion and Distribution Decisions |
| 2.6 | Human Rights & Environmental Studies | Ability Enhancement Compulsory Course (AECC) | 2 | Concept of Human Rights, Environmental Pollution, Natural Resources, Ecosystems and Biodiversity, Environmental Protection |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 3.1 | Kannada/Sanskrit/Hindi/Urdu (Language) | Ability Enhancement Compulsory Course (AECC) | 2 | Official language usage, Advanced prose and poetry, Translation techniques, Cultural studies |
| 3.2 | English (Compulsory) | Ability Enhancement Compulsory Course (AECC) | 2 | Advanced business correspondence, Report and proposal writing, Interview skills, Group discussions, Professional etiquette |
| 3.3 | Corporate Accounting - I | Core | 4 | Accounting for Shares and Debentures, Valuation of Goodwill and Shares, Amalgamation of Companies, Internal Reconstruction, Liquidation of Companies |
| 3.4 | Cost Accounting - I | Core | 4 | Introduction to Cost Accounting, Material Cost Control, Labour Cost Control, Overhead Cost Control, Methods of Costing (Job, Contract) |
| 3.5 | Financial Management - I | Core | 4 | Introduction to Financial Management, Time Value of Money, Capital Budgeting Decisions, Cost of Capital, Capital Structure Theories |
| 3.6.1 | Entrepreneurial Development | Elective (Generic Elective - I) | 4 | Concept of Entrepreneurship, Process of Entrepreneurial Development, Small Scale Industries, Institutional Support for Entrepreneurs, Project Formulation and Appraisal |
| 3.7.1 | Indian Economy | Elective (Generic Elective - II) | 4 | Features of Indian Economy, Planning and Economic Reforms in India, Agricultural Sector, Industrial Sector, Service Sector and Infrastructure, Poverty, Unemployment, and Inequality |
| 3.8 | Computer Fundamentals | Skill Enhancement Course (SEC) | 2 | Introduction to Computers, Hardware and Software Concepts, Operating Systems, MS Office Applications (Word, Excel), Internet and Networking Basics |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 4.1 | Kannada/Sanskrit/Hindi/Urdu (Language) | Ability Enhancement Compulsory Course (AECC) | 2 | Functional language use, Script analysis, Advanced composition, Regional literature |
| 4.2 | English (Compulsory) | Ability Enhancement Compulsory Course (AECC) | 2 | Advanced spoken English, Cross-cultural communication, Case study analysis, Effective negotiation, Public relations writing |
| 4.3 | Corporate Accounting - II | Core | 4 | Accounting for Amalgamation (advanced), External Reconstruction, Consolidated Financial Statements, Segment Reporting, Accounting Standards |
| 4.4 | Cost Accounting - II | Core | 4 | Process Costing, Standard Costing and Variance Analysis, Budgetary Control, Marginal Costing and Break-Even Analysis, Decision Making based on Cost Data |
| 4.5 | Financial Management - II | Core | 4 | Dividend Policy Decisions, Working Capital Management, Receivables Management, Inventory Management, Cash Management |
| 4.6.1 | Income Tax - I | Elective (Generic Elective - I) | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession |
| 4.7.1 | Banking Law & Operations | Elective (Generic Elective - II) | 4 | Evolution of Banking in India, Types of Banks and their Functions, RBI and Monetary Policy, Banker Customer Relationship, Negotiable Instruments Act |
| 4.8 | E-filing of Returns | Skill Enhancement Course (SEC) | 2 | Introduction to E-Filing, TDS and TCS Returns, GST Returns, Income Tax Returns (ITR-1 to ITR-4), Online Payment of Taxes |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 5.1 | Business Law | Core | 4 | Indian Contract Act, Sale of Goods Act, Consumer Protection Act, Negotiable Instruments Act, Partnership Act |
| 5.2 | Auditing | Core | 4 | Introduction to Auditing, Types of Audit, Audit Planning and Documentation, Vouching and Verification, Audit Report |
| 5.3 | Services Marketing | Core | 4 | Introduction to Services Marketing, Nature and Characteristics of Services, Service Quality Management, Marketing Mix for Services, Customer Relationship Management in Services |
| 5.4.1 | Indian Financial System | Elective (Discipline Specific Elective - I) | 4 | Nature and Structure of Indian Financial System, Financial Markets (Money Market, Capital Market), Financial Institutions (Banks, NBFCs, Mutual Funds), Financial Services, Regulatory Framework (RBI, SEBI) |
| 5.5.1 | Economics of Public Finance | Elective (Discipline Specific Elective - II) | 4 | Introduction to Public Finance, Public Expenditure, Public Revenue (Taxation), Public Debt, Fiscal Policy |
| 5.6.1 | Computerized Accounting | Elective (Discipline Specific Elective - III) | 4 | Introduction to Tally ERP 9/other accounting software, Company Creation and Ledger Management, Voucher Entry (Purchase, Sales, Payment, Receipt), Inventory Management, Generation of Financial Reports |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 6.1 | Principles & Practices of Co-Operation | Core | 4 | Concept and Principles of Co-Operation, History of Co-Operative Movement in India, Types of Co-Operative Societies, Co-Operative Management, Challenges and Prospects of Co-Operatives |
| 6.2 | International Business | Core | 4 | Nature and Scope of International Business, Theories of International Trade, Foreign Direct Investment, International Financial System, Global Economic Environment, International Business Operations |
| 6.3 | Management Accounting | Core | 4 | Introduction to Management Accounting, Fund Flow Statement, Cash Flow Statement, Ratio Analysis, Budgetary Control and Variance Analysis |
| 6.4.1 | Business Statistics | Elective (Discipline Specific Elective - IV) | 4 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion and Skewness, Correlation and Regression Analysis, Index Numbers, Time Series Analysis |
| 6.5.1 | Advanced Financial Accounting | Elective (Discipline Specific Elective - V) | 4 | Accounting for Banking Companies, Accounting for Insurance Companies, Consignment Accounts, Joint Venture Accounts, Branch Accounts |
| 6.6.1 | Strategic Management | Elective (Discipline Specific Elective - VI) | 4 | Introduction to Strategic Management, Environmental Scanning, Strategy Formulation, Strategy Implementation, Strategy Evaluation and Control |
