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BA in Economics at Namdapha Degree College, Miao
Changlang, Arunachal Pradesh
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About the Specialization
What is Economics at Namdapha Degree College, Miao Changlang?
This Economics program at Namdapha Degree College, following the Rajiv Gandhi University curriculum, provides a comprehensive grounding in economic theories and quantitative methods. It delves into microeconomics, macroeconomics, econometrics, and development economics, alongside Indian economic policy. The program equips students with the analytical tools necessary to understand complex economic phenomena, making them capable of analyzing market trends, government policies, and global economic interactions relevant to India''''s burgeoning economy. It aims to foster critical thinking and problem-solving skills.
Who Should Apply?
This program is ideal for high school graduates aspiring to understand the intricacies of economic systems, public policy, and market dynamics. It particularly suits those interested in careers involving research, data analysis, or economic advisory roles in both the public and private sectors in India. Students aiming for civil services, further postgraduate studies in economics, or those seeking to upskill for roles in banking and finance will find this program highly beneficial.
Why Choose This Course?
Graduates of this program can pursue diverse career paths in India, including roles as economic analysts, researchers, policy advisors, and consultants. Opportunities exist within government bodies, think tanks, private banks, financial institutions, and consultancies. Entry-level salaries typically range from INR 3-5 LPA, with significant growth potential based on experience and further education. The program enhances analytical and quantitative reasoning skills, preparing students for the dynamic demands of the Indian job market.
Student Success Practices
Foundation Stage
Build Strong Mathematical & Statistical Foundations- (Semester 1-2)
Dedicate time to master the concepts from Mathematical Methods for Economics and Statistical Methods courses. Regularly solve problems from textbooks and supplementary materials to solidify understanding. This foundational knowledge is paramount for advanced economic analysis.
Tools & Resources
NCERT Mathematics (Class 11-12), Khan Academy: Calculus and Statistics, Coursera/edX courses on ''''Introduction to Statistics with R''''
Career Connection
Strong quantitative skills are crucial for higher studies in economics, and for roles in finance, data analysis, and econometrics in Indian firms and government.
Actively Engage with Economic Debates & Clubs- (Semester 1-2)
Join or initiate an economics club within the college to discuss current economic affairs, policy changes, and global trends. Participate in essay writing, quizzes, and debates related to contemporary Indian economic issues. This builds communication and critical thinking.
Tools & Resources
The Economic Times, Livemint, The Hindu Business Line, RBI publications, NITI Aayog reports
Career Connection
Enhances critical thinking, communication, and policy awareness, vital for careers in journalism, policy analysis, and competitive exams like UPSC and RBI Grade B.
Master Core Micro and Macro Principles- (Semester 1-2)
Develop a deep conceptual understanding of introductory microeconomics and macroeconomics. Focus on applying these theories to real-world Indian economic scenarios and case studies to see their practical relevance.
Tools & Resources
Standard textbooks (e.g., N. Gregory Mankiw, Dornbusch & Fischer), Online tutorials and lectures from reputed Indian universities, Case studies of Indian markets and policies
Career Connection
Forms the essential base for all advanced economic studies and is fundamental for entry-level analyst roles in virtually any economic sector in India.
Intermediate Stage
Undertake Data Analysis Mini-Projects- (Semester 3-5)
Apply the statistical and econometric skills learned in courses to analyze real Indian economic datasets. Work on small, faculty-mentored research projects, perhaps focusing on local economic issues in Arunachal Pradesh or the Northeast.
Tools & Resources
Microsoft Excel for basic data handling, Introduction to R or Python for statistical analysis, NSSO (National Sample Survey Office) reports, World Bank Data (India-specific datasets)
Career Connection
Develops highly valuable data analytical skills, making graduates attractive for roles in research, business intelligence, and consulting firms in India.
Seek Internships in Local Organizations- (Summer breaks after Semesters 2 and 4)
Actively explore internship opportunities during summer breaks with local NGOs, government departments (e.g., district planning office, rural development agencies), or small businesses. This provides practical exposure to economic data collection and analysis.
Tools & Resources
College career counseling cell, Local chambers of commerce, Online internship platforms (Internshala, LinkedIn), Networking with alumni
Career Connection
Offers invaluable real-world experience, builds professional networks within the region, and significantly enhances the resume for future placements and job applications.
Deep Dive into Indian Economy & Policy- (Semester 3-5)
Beyond classroom lectures, read extensively on specific sectors of the Indian economy (agriculture, industry, services, finance) and major economic reforms. Understand the historical context and contemporary challenges facing India.
Tools & Resources
Economic Survey of India (annual publication), RBI Annual Report and various publications, NITI Aayog reports and policy documents, Books on Indian economic history and contemporary issues by prominent economists
Career Connection
Crucial for roles in government, public sector undertakings, policy research, public sector banks, and any organization deeply embedded in the Indian economic landscape.
Advanced Stage
Specialize through Electives & Capstone Research- (Semester 6)
Strategically choose Discipline Specific Electives (DSEs) that align with your postgraduate aspirations or career interests. Undertake a comprehensive capstone research project, applying all learned skills to an advanced economic problem, ideally with faculty mentorship.
Tools & Resources
Advanced textbooks specific to chosen electives, Academic research papers (JSTOR, Google Scholar), Statistical software like EViews, Stata, or R for project work
Career Connection
Develops niche expertise, making graduates highly competitive for specialized roles in particular economic fields and for admission to top graduate programs.
Intensive Placement & Competitive Exam Preparation- (Semester 6)
Dedicate significant time to prepare for campus placements or competitive exams such as UPSC (Civil Services), RBI Grade B, Bank PO exams, or common admission tests for masters programs. Focus on aptitude, group discussions, and interview skills.
Tools & Resources
Online mock test series and practice papers, Career counseling and placement training from the college, Alumni network for guidance and mentorship, Current affairs magazines and newspapers
Career Connection
Directly prepares students for securing desired jobs immediately after graduation or gaining admission to prestigious higher education programs.
Build a Professional Portfolio- (Semester 5-6)
Compile all academic projects, research papers, internship reports, and any relevant certifications into a professional digital portfolio. Clearly articulate analytical skills, writing abilities, and problem-solving approaches demonstrated throughout the degree.
Tools & Resources
Well-maintained LinkedIn profile, Personal website/blog (if possible) to showcase work, GitHub repository for data analysis projects, Polished resume and cover letter templates
Career Connection
Effectively showcases capabilities to potential employers or academic institutions, providing tangible proof of skills and achievements, enhancing job and admission prospects.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 3 years (6 semesters)
Credits: 140 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-1 | Environmental Science | Ability Enhancement Compulsory Course | 2 | Environment and Ecosystems, Natural Resources, Biodiversity and Conservation, Environmental Pollution, Global Environmental Issues |
| GE-1 | Principles of Microeconomics | Generic Elective | 6 | Introduction to Economic Analysis, Consumer Behavior and Demand, Theory of Production and Costs, Market Structures (Perfect Competition, Monopoly), Factor Market and Income Distribution |
| CC-1 | Introductory Microeconomics | Core | 6 | Basic Economic Problems, Demand and Supply Analysis, Consumer Theory (Utility and Indifference Curve), Production and Cost Analysis, Market Forms (Perfect Competition, Monopoly), Factor Pricing |
| CC-2 | Mathematical Methods for Economics-I | Core | 6 | Linear Algebra and Vectors, Functions of One Variable, Differentiation and its Applications, Optimization Techniques, Introduction to Integration |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-2 | English/MIL Communication | Ability Enhancement Compulsory Course | 2 | Communication Theory, Formal and Informal Communication, Effective Writing Skills, Reading Comprehension, Oral Presentation Skills |
| GE-2 | Principles of Macroeconomics | Generic Elective | 6 | Introduction to Macroeconomics, National Income Accounting, Determination of Output and Employment, Money and Inflation, Open Economy Macroeconomics |
| CC-3 | Introductory Macroeconomics | Core | 6 | National Income Concepts, Classical and Keynesian Systems, Consumption and Investment Functions, Money, Banking and Financial Markets, Inflation and Unemployment, Fiscal and Monetary Policy |
| CC-4 | Mathematical Methods for Economics-II | Core | 6 | Matrix Algebra, Determinants and Inverses, Systems of Linear Equations, Differential Equations, Difference Equations |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| SEC-1 | Indian Economy – I | Skill Enhancement Course | 2 | Structure of Indian Economy, Economic Planning in India, Agriculture Sector Performance, Industrial Sector Development, Service Sector Growth |
| GE-3 | Indian Economy – I | Generic Elective | 6 | Characteristics of Indian Economy, Economic Growth and Development, Agriculture and Food Security, Industrial Policy and Development, External Sector and Trade, Economic Reforms and Challenges |
| CC-5 | Intermediate Microeconomics – I | Core | 6 | Consumer Preferences and Choice, Demand Analysis and Elasticities, Theory of Production, Cost Functions, Perfect Competition and Monopoly, Pricing Strategies |
| CC-6 | Intermediate Macroeconomics – I | Core | 6 | Keynesian Model and Multipliers, Consumption Theories, Investment Theories, Money Supply and Demand, IS-LM Model, Aggregate Demand and Supply |
| CC-7 | Statistical Methods for Economics | Core | 6 | Descriptive Statistics, Probability and Probability Distributions, Sampling and Estimation, Hypothesis Testing, Correlation Analysis, Regression Analysis |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| SEC-2 | Indian Economy – II | Skill Enhancement Course | 2 | Population and Human Development, Poverty and Inequality, Employment and Unemployment, Infrastructure Development, Regional Disparities |
| GE-4 | Indian Economy – II | Generic Elective | 6 | Population, Demographic Transition, Poverty, Inequality and Human Development, Employment and Unemployment, Infrastructure and Sectoral Development, Fiscal and Monetary Policy in India, Economic Reforms and Liberalization |
| CC-8 | Intermediate Microeconomics – II | Core | 6 | General Equilibrium Theory, Market Failures and Externalities, Public Goods and Common Resources, Asymmetric Information, Game Theory, Welfare Economics |
| CC-9 | Intermediate Macroeconomics – II | Core | 6 | Inflation and Unemployment (Phillips Curve), Open Economy Macroeconomics, Exchange Rate Regimes, Balance of Payments, Monetary Policy, Fiscal Policy and Government Debt |
| CC-10 | Introductory Econometrics | Core | 6 | Simple Linear Regression Model, Multiple Regression Model, Classical Assumptions of OLS, Hypothesis Testing and Confidence Intervals, Dummy Variables, Violations of OLS Assumptions (Multicollinearity, Heteroskedasticity) |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-11 | Indian Economy – I | Core | 6 | Growth, Development and Structural Change, Population and Human Development, Agriculture: Policies and Performance, Industry and Services Sector, External Sector: Trade and Capital Flows, Economic Reforms: Liberalization, Privatization, Globalization |
| CC-12 | Development Economics – I | Core | 6 | Economic Development: Concepts and Measures, Theories of Economic Growth (Harrod-Domar, Solow), Poverty, Inequality and Development, Human Capital and Economic Development, Population Growth and Economic Development, Role of Institutions in Development |
| DSE-1A | Economic History of India (1857-1947) | Elective (Discipline Specific) | 6 | Colonial Exploitation and De-industrialization, Indian Railways and its Impact, Commercialization of Agriculture, Growth of Modern Industry, Banking and Fiscal Policy under British Rule, Foreign Trade and Drain of Wealth |
| DSE-1B | Applied Econometrics | Elective (Discipline Specific) | 6 | Qualitative Response Regression Models, Panel Data Regression Models, Simultaneous Equation Models, Time Series Econometrics Fundamentals, Forecasting Economic Variables |
| DSE-1C | Environmental Economics | Elective (Discipline Specific) | 6 | Environmental Problems and Economic Activity, Valuation of Environmental Goods and Services, Environmental Policy Instruments, Climate Change Economics, Sustainable Development Concepts |
| DSE-1D | Financial Economics | Elective (Discipline Specific) | 6 | Time Value of Money, Risk and Return, Portfolio Theory, Asset Pricing Models (CAPM), Market Efficiency, Introduction to Derivatives |
| DSE-2A | Indian Public Finance | Elective (Discipline Specific) | 6 | Public Goods and Externalities, Taxation: Theory and Structure in India, Public Expenditure: Growth and Composition, Fiscal Federalism in India, Indian Budget and Fiscal Policy, Public Debt Management |
| DSE-2B | Comparative Economic Development (1850-1950) | Elective (Discipline Specific) | 6 | Colonial Expansion and its Economic Impact, Industrial Revolutions and Global Inequality, Soviet Economic Planning, Economic Development in East Asia, Latin American Development Experiences |
| DSE-2C | Money and Financial Markets | Elective (Discipline Specific) | 6 | Money: Its Functions and Measures, Central Banking and Monetary Policy, Commercial Banks and Financial Institutions, Capital Market and Stock Exchanges, Bond Market, Foreign Exchange Market |
| DSE-2D | International Economics | Elective (Discipline Specific) | 6 | Theories of International Trade (Ricardian, Heckscher-Ohlin), Trade Policy: Tariffs and Non-Tariff Barriers, Balance of Payments, Foreign Exchange Market and Exchange Rate Regimes, International Financial Institutions, Economic Integration |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-13 | Indian Economy – II | Core | 6 | Macroeconomic Policies in India, Fiscal Policy and Fiscal Federalism, Monetary Policy and RBI, Trade Policy and WTO, Recent Economic Developments, Challenges and Prospects of Indian Economy |
| CC-14 | Development Economics – II | Core | 6 | Rural Development and Agricultural Transformation, Urbanization and Migration, Foreign Aid and Development Finance, Trade, Globalization and Development, Sustainable Development Goals, Inclusive Growth Strategies |
| DSE-3A | Public Economics | Elective (Discipline Specific) | 6 | Public Goods and Market Failure, Externalities and Pigovian Taxes, Theory of Taxation, Public Expenditure Analysis, Fiscal Federalism, Cost-Benefit Analysis |
| DSE-3B | Economics of Health and Education | Elective (Discipline Specific) | 6 | Health Economics: Demand and Supply of Health, Health Care Systems and Financing, Education Economics: Human Capital Theory, Returns to Education, Health and Education Policy in India |
| DSE-3C | Topics in Microeconomics | Elective (Discipline Specific) | 6 | Advanced Game Theory, Information Economics (Asymmetric Information), Behavioral Economics, Contract Theory, General Equilibrium and Welfare Theorems |
| DSE-3D | Research Methodology | Elective (Discipline Specific) | 6 | Introduction to Research Process, Research Design and Methods, Data Collection Techniques, Sampling Theory, Data Analysis and Interpretation, Report Writing and Ethics |
| DSE-4A | Economic History of India (Since 1947) | Elective (Discipline Specific) | 6 | Economic Policies in Post-Independence India, Planning Era and Mixed Economy, Economic Reforms of 1991, Sectoral Performance (Agriculture, Industry, Services), Globalization and its Impact, Contemporary Economic Challenges |
| DSE-4B | Advanced Econometrics | Elective (Discipline Specific) | 6 | Panel Data Models, Time Series Econometrics (Stationarity, Cointegration), Vector Autoregression (VAR) Models, Granger Causality, Limited Dependent Variable Models |
| DSE-4C | Demography | Elective (Discipline Specific) | 6 | Introduction to Demography, Measures of Fertility, Measures of Mortality, Migration Studies, Population Growth Theories, Population Policy in India |
| DSE-4D | Labour Economics | Elective (Discipline Specific) | 6 | Labor Supply and Demand, Wage Determination Theories, Unemployment: Causes and Types, Labor Market Policies, Trade Unions and Collective Bargaining, Labor Laws in India |
