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BA in Economics at Mawlai Presbyterian College
East Khasi Hills, Meghalaya
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About the Specialization
What is Economics at Mawlai Presbyterian College East Khasi Hills?
This Economics program at Mawlai Presbyterian College, affiliated with North-Eastern Hill University, focuses on providing a robust foundation in economic theories, quantitative methods, and policy analysis. It addresses the unique challenges and opportunities within the Indian economy, preparing students for analytical roles in a rapidly evolving market landscape. The curriculum is designed to foster critical thinking and problem-solving skills essential for economic understanding.
Who Should Apply?
This program is ideal for high school graduates with a strong analytical aptitude and a keen interest in understanding economic systems, market dynamics, and policy impacts. It suits individuals aspiring to careers in government, economic research, finance, or those looking to pursue higher education in economics or related social sciences, including aspiring civil servants aiming for roles in economic administration.
Why Choose This Course?
Graduates of this program can expect diverse career paths across India, including roles as economic analysts, data scientists, policy researchers, statisticians, or financial consultants. Entry-level salaries typically range from INR 3 to 6 lakhs per annum, with significant growth potential in both private and public sectors, especially with specialized skills and experience in areas like data analytics. Professional certifications further enhance career prospects.
Student Success Practices
Foundation Stage
Master Foundational Economic Concepts- (Semester 1-2)
Focus on thoroughly understanding core micro and macroeconomics principles, as these form the basis for all advanced topics. Actively participate in class discussions, solve numerical problems regularly, and ensure conceptual clarity by engaging with multiple resources.
Tools & Resources
NPTEL courses on basic economics, NCERT Economics textbooks (Class XI & XII), Khan Academy, Local study groups
Career Connection
Strong fundamentals are crucial for cracking entrance exams for postgraduate studies (e.g., JNU, Delhi School of Economics) and for analytical roles in the competitive Indian job market and government services.
Develop Mathematical and Statistical Aptitude- (Semester 1-2)
Pay close attention to mathematical methods for economics. Practice solving problems involving calculus, linear algebra, and basic statistics. Utilize tutorials, extra help sessions, and practice extensively to build robust quantitative skills necessary for advanced economics.
Tools & Resources
Schaum''''s Outlines series for Math/Statistics, Online math practice sites like Brilliant.org, Peer tutoring sessions
Career Connection
Essential for higher studies in econometrics and data analytics, and for quantitative roles in finance, consulting, and research firms across India where data interpretation is key.
Engage in Critical Reading and Current Affairs- (Semester 1-2)
Cultivate a habit of reading economic newspapers (e.g., The Economic Times, Business Standard) and reputable magazines (e.g., Economic and Political Weekly). Discuss current economic events and policies with peers and faculty to foster critical thinking and contextual understanding.
Tools & Resources
Subscriptions to economic dailies, PRS India for policy analysis, Reserve Bank of India publications, College library resources
Career Connection
Develops a contextual understanding of the Indian economy, crucial for competitive exams (UPSC, RBI Grade B) and informed participation in interviews for policy-related and analytical roles.
Intermediate Stage
Apply Theory to Indian Economic Context- (Semester 3-5)
Actively relate theoretical models learned in intermediate micro and macroeconomics to the issues and policies of the Indian economy. Undertake small research projects or case studies on contemporary Indian economic challenges to build practical application skills.
Tools & Resources
Union Budget documents, Economic Survey of India, NITI Aayog reports, Journals like ''''Economic and Political Weekly''''
Career Connection
Enhances analytical skills specific to the Indian market, valuable for roles in economic journalism, public policy think tanks, and domestic consulting firms focused on India''''s growth story.
Acquire Basic Data Analysis Skills- (Semester 3-5)
Learn basic statistical software (e.g., R, Python, or even advanced Excel) for data manipulation, visualization, and basic econometric analysis. Apply these skills to analyze real-world economic datasets to gain hands-on experience.
Tools & Resources
Online tutorials (Coursera, Udemy) for R/Python, Free data sets from government websites (e.g., MOSPI, NSSO), University computer labs
Career Connection
Directly develops skills for data analyst and research assistant roles, which are highly demanded in the Indian IT, finance, and market research sectors for data-driven decision making.
Explore Elective Specializations and Internships- (Semester 3-5)
Carefully choose Discipline Specific Electives (DSEs) and Skill Enhancement Courses (SECs) based on evolving career interests. Actively seek out summer internships in relevant fields (e.g., NGOs, small research firms, local banks) to gain practical exposure and clarify career paths.
Tools & Resources
College placement cell, LinkedIn, Internshala, Networking with alumni and faculty
Career Connection
Helps in identifying career niches, building a professional network, and gaining practical experience that makes graduates more employable in specific Indian industries.
Advanced Stage
Excel in Econometrics and Quantitative Analysis- (Semester 6)
Deepen understanding of advanced econometric techniques and their application. Work on econometric projects using real economic data. Aim to present findings in college seminars or local conferences to refine research and presentation skills for professional settings.
Tools & Resources
EViews, Stata, Advanced R/Python libraries (e.g., statsmodels), Econometric textbooks like Gujarati or Wooldridge
Career Connection
Critical for roles in financial modeling, forecasting, economic research, and data science positions in large Indian corporations and government agencies requiring strong quantitative skills.
Focus on Career Specific Skill Development & Networking- (Semester 6)
Tailor final year projects and remaining electives to specific career goals (e.g., public finance for civil services, international economics for trade). Attend workshops, seminars, and networking events relevant to your chosen path to build industry connections.
Tools & Resources
Industry-specific webinars, Professional associations (e.g., Indian Economic Association), Alumni networks, Career fairs
Career Connection
Direct preparation for target roles, providing specialized knowledge and contacts for placements in desired Indian sectors like banking, consulting, or public service.
Master Interview and Communication Skills- (Semester 6)
Practice mock interviews, group discussions, and public speaking. Prepare a strong resume and cover letter tailored to specific job applications or postgraduate program requirements, focusing on clear and concise communication. Seek feedback from career services.
Tools & Resources
College career services, Online communication courses (e.g., Coursera), Peer review of resumes, Practicing case studies and behavioral questions
Career Connection
Enhances soft skills crucial for job interviews and competitive exam personality tests, significantly improving placement rates in diverse Indian organizations and academic programs.
Program Structure and Curriculum
Eligibility:
- A candidate must have passed the 10+2 Examination or its equivalent from any recognized Board/Council (as per Mawlai Presbyterian College''''s general BA eligibility criteria).
Duration: 3 years / 6 semesters
Credits: 148 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC1 | Environmental Studies | Ability Enhancement Compulsory Course | 4 | Multidisciplinary Nature of Environmental Studies, Ecosystems, Biodiversity and Conservation, Environmental Pollution, Human Population and Environment |
| C1 | Introductory Microeconomics | Core Course | 6 | Introduction to Economics, Consumer Behaviour, Production and Costs, Market Structures, Factor Market |
| C2 | Mathematical Methods for Economics-I | Core Course | 6 | Basic Concepts of Algebra, Functions and Graphs, Derivatives, Optimization, Integration |
| GE1 | Generic Elective - I | Generic Elective | 6 |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC2 | English/MIL Communication | Ability Enhancement Compulsory Course | 4 | Language and Communication, Reading Skills, Writing Skills, Grammar and Usage, Presentation Skills |
| C3 | Introductory Macroeconomics | Core Course | 6 | Introduction to Macroeconomics, National Income Accounting, Determination of Output and Employment, Money and Inflation, Open Economy Macroeconomics |
| C4 | Mathematical Methods for Economics-II | Core Course | 6 | Linear Algebra, Determinants and Matrices, Constrained Optimization, Differential Equations, Game Theory Introduction |
| GE2 | Generic Elective - II | Generic Elective | 6 |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C5 | Intermediate Microeconomics-I | Core Course | 6 | Consumer Theory, Producer Theory, Market Structures (Perfect Competition), Welfare Economics, General Equilibrium |
| C6 | Intermediate Macroeconomics-I | Core Course | 6 | Classical vs. Keynesian Systems, IS-LM Model, Aggregate Demand and Supply, Inflation and Unemployment, Macroeconomic Policy |
| C7 | Indian Economy-I | Core Course | 6 | Basic Characteristics of Indian Economy, Economic Planning in India, Agriculture Sector, Industrial Sector, Service Sector |
| SEC1 | Skill Enhancement Course - I | Skill Enhancement Course | 4 |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C8 | Intermediate Microeconomics-II | Core Course | 6 | Monopoly, Oligopoly and Monopolistic Competition, Factor Market Pricing, Externalities and Public Goods, Asymmetric Information |
| C9 | Intermediate Macroeconomics-II | Core Course | 6 | Theories of Consumption and Investment, Rational Expectations, Business Cycles, Fiscal Policy and Public Debt, Monetary Policy |
| C10 | Indian Economy-II | Core Course | 6 | Poverty, Inequality and Unemployment, Foreign Trade and Balance of Payments, Economic Reforms, Financial Sector Reforms, Infrastructure Development |
| SEC2 | Skill Enhancement Course - II | Skill Enhancement Course | 4 |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C11 | Econometrics | Core Course | 6 | Introduction to Econometrics, Simple Linear Regression Model, Multiple Regression Analysis, Hypothesis Testing, Violations of Classical Assumptions |
| C12 | Development Economics | Core Course | 6 | Concepts of Development, Theories of Economic Growth, Poverty and Inequality, Population and Human Capital, Role of State and Markets |
| DSE1 | Discipline Specific Elective - I (Example: Public Finance) | Discipline Specific Elective | 6 | Role of Government, Public Goods and Externalities, Taxation, Public Expenditure, Fiscal Policy |
| DSE2 | Discipline Specific Elective - II (Example: International Economics) | Discipline Specific Elective | 6 | Theories of International Trade, Trade Policy, Balance of Payments, Foreign Exchange Markets, International Economic Institutions |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C13 | Indian Economic Policy | Core Course | 6 | Macroeconomic Policies, Agricultural Policy, Industrial Policy, Trade Policy, Social Sector Policies |
| C14 | Applied Econometrics | Core Course | 6 | Time Series Econometrics, Panel Data Econometrics, Limited Dependent Variable Models, Simultaneous Equation Models, Forecasting |
| DSE3 | Discipline Specific Elective - III (Example: Environmental Economics) | Discipline Specific Elective | 6 | Environmental Problems, Economic Valuation of Environment, Environmental Policy Instruments, Climate Change Economics, Sustainable Development |
| DSE4 | Discipline Specific Elective - IV (Example: Financial Economics) | Discipline Specific Elective | 6 | Financial Markets, Asset Pricing, Portfolio Theory, Derivatives, Risk Management |
