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B-A in Economics at Mysore Institute of Commerce and Arts
Mysore, Karnataka
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About the Specialization
What is Economics at Mysore Institute of Commerce and Arts Mysore?
This Economics program at Mysore Institute of Commerce and Arts, affiliated with the University of Mysore, focuses on providing a robust foundation in economic theory, policy, and quantitative analysis. It equips students with a deep understanding of market dynamics, national income, public finance, and global economic trends, crucial for navigating India''''s rapidly evolving economic landscape. The program emphasizes both theoretical frameworks and their practical applications, preparing students for diverse roles in policy-making, research, and industry.
Who Should Apply?
This program is ideal for fresh graduates from diverse academic backgrounds (PUC/10+2) who possess a keen analytical mind and an interest in understanding socio-economic issues. It caters to aspiring economists, policy analysts, financial researchers, and those aiming for careers in government sectors, think tanks, or academia. Individuals with a strong aptitude for statistics and an eagerness to contribute to India''''s development narrative will find this specialization particularly rewarding.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths such as Economic Analyst, Market Research Analyst, Financial Consultant, Data Scientist, or roles in Public Administration. Entry-level salaries typically range from INR 3-6 lakhs per annum, with experienced professionals earning significantly higher, especially in leading consulting firms or financial institutions. The program also serves as a strong foundation for pursuing postgraduate studies like M.A. Economics, MBA, or Civil Services examinations, aligning with national economic growth trajectories.
Student Success Practices
Foundation Stage
Strengthen Quantitative and Analytical Skills- (Semester 1-2)
Actively participate in problem-solving sessions for Microeconomics. Utilize online platforms like Khan Academy for brushing up on basic calculus, statistics, and logical reasoning, which are foundational for economics.
Tools & Resources
Khan Academy, NCERT Mathematics textbooks (Class 11 & 12), Basic economic models
Career Connection
Essential for understanding complex economic models and preparing for entrance exams for higher studies or analytical roles in various sectors.
Develop Strong Study Habits and Peer Learning- (Semester 1-2)
Form study groups to discuss complex economic theories and case studies. Engage with faculty during office hours to clarify doubts and seek guidance on academic growth and understanding of concepts.
Tools & Resources
College library resources, Peer discussion forums, Academic mentors
Career Connection
Fosters collaboration, communication, and critical thinking skills, which are vital for team-based work environments and effective problem-solving.
Cultivate Current Affairs Awareness- (Semester 1-2)
Regularly read leading Indian business newspapers (e.g., The Economic Times, Business Standard) and magazines to connect theoretical concepts with real-world economic events and policies in India.
Tools & Resources
The Economic Times, Business Standard, Livemint, RBI publications
Career Connection
Enhances market awareness, policy understanding, and prepares students for interviews and policy-related discussions in the Indian context.
Intermediate Stage
Practical Application through Data Tools- (Semester 3-4)
Master MS Excel for data manipulation and basic statistical analysis as introduced in ''''Computer Application in Economics'''' and ''''Data Analysis in Economics''''. Explore basic R or Python for economic data visualization if time permits.
Tools & Resources
MS Excel, R/Python (online tutorials like DataCamp, Coursera), NSO/RBI data portals
Career Connection
Directly applicable skills for roles in data analysis, market research, financial modeling, and economic consulting in India.
Seek Industry Exposure through Internships/Projects- (Semester 4-5)
Actively search for short-term internships or volunteer for research projects with local NGOs, small businesses, or faculty members to gain practical experience in applying economic principles.
Tools & Resources
College placement cell, LinkedIn, Local industry associations, Faculty research projects
Career Connection
Provides real-world context, builds professional networks, and significantly enhances resumes for the competitive Indian job market.
Participate in Economic Competitions & Seminars- (Semester 3-5)
Join college-level or inter-collegiate economic debate clubs, essay competitions, and attend webinars/seminars by Indian economists or policy experts to broaden perspectives.
Tools & Resources
College Economics forum, University events, Online platforms hosting economic talks
Career Connection
Develops presentation skills, critical thinking, and exposure to diverse economic perspectives prevalent in Indian academic and policy circles.
Advanced Stage
Targeted Placement & Higher Studies Preparation- (Semester 5-6)
Begin focused preparation for competitive exams like UPSC Civil Services, RBI Grade B, or entrance tests for M.A. Economics/MBA programs. Develop a strong resume and practice interview skills.
Tools & Resources
Coaching institutes, Mock interview sessions, Previous year question papers, Career counseling
Career Connection
Directly prepares students for prominent career paths and advanced academic pursuits in India''''s public sector, finance, and academia.
Advanced Research & Specialization- (Semester 6)
Undertake a comprehensive research project or dissertation in a chosen area of Economics (e.g., Indian Economy, Public Economics, Development Economics) aligning with DSE choices. Focus on contemporary Indian economic issues.
Tools & Resources
Academic journals, Government reports, University research guidelines, Faculty supervision
Career Connection
Deepens expertise, showcases research capability, and is highly valuable for research-oriented roles or higher academic pursuits in economics.
Network and Professional Development- (Semester 6)
Attend national/state-level economic conferences, workshops, and connect with alumni working in relevant fields through networking events or professional platforms.
Tools & Resources
Professional networking platforms (LinkedIn), Alumni associations, National economic forums
Career Connection
Opens doors to mentorship, job opportunities, and staying abreast of industry trends in the dynamic Indian economic landscape, fostering long-term career growth.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 6 semesters / 3 years
Credits: 76 (for Economics DSCs, DSEs, SECs, and mandatory General/Language/AECC courses) Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEL101T | English Language I | Language | 2 | Communication Skills, Grammar, Reading Comprehension, Writing Skills |
| BAKL101T | Optional Language I | Language | 2 | Basic Grammar, Prose, Poetry, Communication |
| AECC101T | Indian Constitution (Part I) | Ability Enhancement Compulsory Course (AECC) | 2 | Preamble, Fundamental Rights, Directive Principles of State Policy, Union Legislature, Indian Judiciary |
| EC101T | Principles of Microeconomics - I | Core (Discipline Specific Core - DSC) | 4 | Introduction to Economics, Consumer Behaviour, Production and Cost Analysis, Market Structures |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEL201T | English Language II | Language | 2 | Advanced Communication, Essay Writing, Presentation Skills, Literary Appreciation |
| BAKL201T | Optional Language II | Language | 2 | Advanced Grammar, Literary Forms, Cultural Contexts, Translation |
| AECC201T | Indian Constitution (Part II) | Ability Enhancement Compulsory Course (AECC) | 2 | State Executive, Local Self-Governance, Election Commission, Human Rights, Contemporary Constitutional Issues |
| EC202T | Principles of Microeconomics - II | Core (Discipline Specific Core - DSC) | 4 | Factor Pricing, Welfare Economics, General Equilibrium, Economics of Risk and Uncertainty |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEL301T | English Language III | Language | 2 | Professional Communication, Critical Reading, Report Writing, Soft Skills |
| BAKL301T | Optional Language III | Language | 2 | Literary Criticism, Cultural Studies, Advanced Composition, Regional Literature |
| EC303T | Principles of Macroeconomics - I | Core (Discipline Specific Core - DSC) | 4 | National Income Accounting, Classical and Keynesian Theories, Consumption and Investment Functions, Money and Banking |
| EC304P | Computer Application in Economics | Skill Enhancement Course (SEC) | 2 | MS Excel for Economic Analysis, Data Management, Charts and Graphs, Basic Statistical Functions |
| OE3XX | Open Elective Course 1 | Open Elective | 2 | Chosen from other Faculties/Departments by students (e.g., Environmental Studies, Entrepreneurship) |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEL401T | English Language IV | Language | 2 | Creative Writing, Advanced Rhetoric, Professional Ethics, Global Communication |
| BAKL401T | Optional Language IV | Language | 2 | Comparative Literature, Advanced Discourse Analysis, Modern Literature, Translation Studies |
| EC405T | Principles of Macroeconomics - II | Core (Discipline Specific Core - DSC) | 4 | Inflation and Unemployment, Business Cycles, Monetary Policy, Fiscal Policy, Economic Growth Models |
| EC406P | Data Analysis in Economics | Skill Enhancement Course (SEC) | 2 | Data Collection and Tabulation, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression Analysis |
| OE4XX | Open Elective Course 2 | Open Elective | 2 | Chosen from other Faculties/Departments by students (e.g., Human Rights, Consumer Studies) |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC507T | Indian Economy - I | Core (Discipline Specific Core - DSC) | 4 | Features of Indian Economy, Economic Planning in India, Agricultural Sector, Industrial Sector, Service Sector |
| EC508T | Public Economics - I | Core (Discipline Specific Core - DSC) | 4 | Public Goods and Market Failure, Public Expenditure Theory, Principles of Taxation, Fiscal Federalism |
| EC509T | Development Economics (DSE) | Discipline Specific Elective (DSE) | 4 | Concepts of Poverty and Inequality, Theories of Economic Development, Human Development Index, Development Planning |
| EC510T | Environmental Economics (DSE) | Discipline Specific Elective (DSE) | 4 | Environmental Problems and Economic Growth, Resource Economics, Pollution Control Policies, Sustainable Development |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC611T | Indian Economy - II | Core (Discipline Specific Core - DSC) | 4 | Economic Reforms in India, Foreign Trade and Balance of Payments, Poverty Alleviation Programmes, Unemployment Issues, Regional Disparities |
| EC612T | Public Economics - II | Core (Discipline Specific Core - DSC) | 4 | Public Debt and its Management, Union Budget and Fiscal Deficit, Deficit Financing, Fiscal Policy in India, State and Local Finances |
| EC613T | Financial Economics (DSE) | Discipline Specific Elective (DSE) | 4 | Financial Markets and Institutions, Capital Markets, Money Markets, Banking Sector in India, Investment Analysis |
| EC614T | Agricultural Economics (DSE) | Discipline Specific Elective (DSE) | 4 | Agricultural Policies in India, Land Reforms, Rural Credit and Marketing, Food Security, Agricultural Diversification |
