.png&w=1920&q=75)
BA in Economics at Pachhunga University College
Aizawl, Mizoram
.png&w=1920&q=75)
About the Specialization
What is Economics at Pachhunga University College Aizawl?
This Economics specialization program at Pachhunga University College focuses on providing a robust foundation in microeconomics, macroeconomics, econometrics, and Indian economic policy. The curriculum is designed to equip students with analytical and quantitative skills crucial for understanding complex economic phenomena. India''''s dynamic economy, driven by sectors like technology, finance, and agriculture, presents a constant demand for skilled economists.
Who Should Apply?
This program is ideal for high school graduates with a keen interest in economic theories, policy analysis, and data interpretation. It caters to those aspiring for roles in government services, research, financial institutions, and academia. Students aiming for postgraduate studies in Economics or related fields, both in India and abroad, will find this program a strong academic launchpad.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including economic consulting, financial analysis, public policy research, and data analytics. Entry-level salaries typically range from INR 3-6 LPA, growing significantly with experience. Opportunities exist in organizations like NITI Aayog, RBI, commercial banks, and research think tanks, with strong potential for growth and advanced roles.
Student Success Practices
Foundation Stage
Master Core Economic Concepts- (Semester 1-2)
Diligently study microeconomics and macroeconomics fundamentals, focusing on understanding theories, models, and their assumptions. Form study groups with peers to discuss complex topics and solve problems collaboratively. Regularly review class notes and textbooks.
Tools & Resources
Mizu Books, NCERT Economics textbooks (for foundational clarity), Khan Academy
Career Connection
A strong grasp of fundamentals is essential for cracking competitive exams (UPSC, RBI Grade B) and for advanced studies, forming the base for all subsequent economic analysis.
Develop Mathematical and Statistical Aptitude- (Semester 1-2)
Focus on strengthening mathematical methods and introductory statistics crucial for economics. Practice problem-solving daily, utilize online tutorials, and seek help from faculty during office hours. This builds a robust quantitative foundation.
Tools & Resources
Schaum''''s Outlines for Mathematics/Statistics, online platforms like Coursera/edX for basic math/stat courses
Career Connection
Quantitative skills are highly valued in economics and finance roles, data analysis, and econometrics. Proficiency here opens doors to analytical positions.
Engage in Economic Current Affairs- (Semester 1-2)
Stay updated with Indian and global economic news, policies, and developments. Read reputable financial newspapers and journals regularly. Discuss current events in relation to economic theories learned in class.
Tools & Resources
The Economic Times, Livemint, RBI Monthly Bulletin, The Hindu BusinessLine
Career Connection
This practice enhances critical thinking, improves interview performance, and prepares students for roles in policy analysis, journalism, and research requiring real-world application of economics.
Intermediate Stage
Apply Econometric Tools for Data Analysis- (Semester 3-5)
Actively participate in econometrics classes, focusing on practical applications using statistical software. Work on mini-projects involving real economic datasets to understand regression models, time series, and hypothesis testing.
Tools & Resources
EViews, R/Python (basic packages for econometrics), Stata (if available)
Career Connection
Proficiency in econometrics is critical for roles in data science, economic research, financial modeling, and policy evaluation within India''''s growing analytics industry.
Undertake Internships and Research Projects- (Semester 3-5)
Seek internships at local NGOs, government departments (e.g., planning, statistics), banks, or small research firms. Engage in departmental research projects under faculty guidance, focusing on Indian economic issues.
Tools & Resources
College placement cell, LinkedIn, government department websites
Career Connection
Internships provide practical experience, enhance resume value, and build professional networks. Research projects develop analytical and presentation skills, crucial for higher studies and research careers.
Participate in Economic Debates and Competitions- (Semester 3-5)
Join college economics clubs, participate in inter-college debates, essay competitions, and economic quizzes. Present papers at student seminars. This hones communication skills, critical thinking, and subject mastery.
Tools & Resources
College societies, Youth Parliament events, model UN
Career Connection
Such participation builds confidence, leadership qualities, and demonstrates intellectual curiosity, which are highly valued by employers and for admissions to top postgraduate programs.
Advanced Stage
Intensive Placement and Higher Studies Preparation- (Semester 6)
Begin rigorous preparation for competitive exams for civil services, RBI, or entrance exams for top Indian and international universities. Focus on solving previous year papers and taking mock tests for Quantitative Aptitude, Logical Reasoning, and General Studies.
Tools & Resources
UPSC/RBI/JNU/Delhi School of Economics past papers, online coaching platforms, mentorship programs
Career Connection
Targeted preparation is essential for securing positions in prestigious government organizations or gaining admission to leading academic institutions for master''''s or PhD programs.
Specialize through Electives and Advanced Research- (Semester 6)
Choose Discipline Specific Electives (DSEs) strategically based on career interests (e.g., finance, development, public policy). Conduct an independent research paper or thesis on a specialized economic topic, applying all learned analytical tools.
Tools & Resources
Academic journals (EPW, IJE), university library databases, faculty advisors
Career Connection
Specialization makes graduates more attractive to specific industry sectors or research roles. A strong research output demonstrates expertise and commitment.
Build a Professional Network- (Semester 6)
Attend economics conferences, workshops, and seminars organized by the university or external bodies. Connect with alumni working in the field. Leverage platforms like LinkedIn to build a professional network.
Tools & Resources
LinkedIn, economic conference calendars, alumni association events
Career Connection
Networking is vital for discovering hidden job opportunities, mentorship, and career guidance, especially in niche economic roles within India and for global opportunities.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 6 semesters / 3 years
Credits: 148 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-I | Environmental Studies | Ability Enhancement Compulsory Course | 4 | Multidisciplinary Nature of Environmental Studies, Ecosystems, Biodiversity and Conservation, Environmental Pollution, Social Issues and the Environment |
| ECO CC-1 | Microeconomics-I | Core | 6 | Basic Problems of an Economy, Consumer Behaviour: Utility and Indifference Curves, Production and Costs, Market Structures: Perfect Competition, Elasticity of Demand and Supply |
| ECO CC-2 | Mathematical Methods for Economics-I | Core | 6 | Basic Concepts of Algebra and Analytical Geometry, Functions of One Real Variable, Derivatives and their Economic Applications, Optimization: Maxima and Minima, Integration: Basic Concepts |
| GE-I | Principles of Microeconomics | Generic Elective (Chosen from available Economics GEs for relevance) | 6 | Ten Principles of Economics, Demand and Supply, Elasticity and its Applications, Costs of Production, Market Structures |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-II | English Communication | Ability Enhancement Compulsory Course | 4 | Theory of Communication, Reading Skills, Writing Skills, Speaking Skills, Listening Comprehension |
| ECO CC-3 | Microeconomics-II | Core | 6 | Market Structures: Monopoly and Price Discrimination, Monopolistic Competition and Oligopoly, Factor Pricing: Land, Labour, Capital, Entrepreneurship, General Equilibrium and Welfare Economics, Externalities and Public Goods |
| ECO CC-4 | Mathematical Methods for Economics-II | Core | 6 | Matrix Algebra: Operations and Determinants, Solving Systems of Linear Equations, Input-Output Analysis, Difference Equations in Economics, Differential Equations in Economics |
| GE-II | Principles of Macroeconomics | Generic Elective (Chosen from available Economics GEs for relevance) | 6 | Basic Macroeconomic Concepts, National Income Accounting, Classical and Keynesian Theories of Employment, Money and its Functions, Inflation: Causes and Cures |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO CC-5 | Intermediate Macroeconomics-I | Core | 6 | National Income: Measurement and Determination, The Classical Model, The Keynesian Model, IS-LM Model for Closed Economy, Aggregate Demand and Aggregate Supply |
| ECO CC-6 | Introductory Econometrics | Core | 6 | Nature and Scope of Econometrics, Two-Variable Regression Model: Estimation, Properties of Estimators: BLUE, Multiple Regression Analysis, Problems in Regression Analysis: Multicollinearity, Heteroscedasticity |
| ECO CC-7 | Indian Economy-I | Core | 6 | Basic Characteristics of Indian Economy, Economic Planning and Reforms, Agriculture: Performance and Policies, Industry: Structure and Growth, Population and Human Development in India |
| SEC-I | Research Methodology | Skill Enhancement Course (Chosen from available options) | 4 | Meaning and Types of Research, Formulation of Research Problem, Research Design, Methods of Data Collection, Sampling Techniques and Report Writing |
| GE-III | Economics of Health and Education | Generic Elective (Chosen from available Economics GEs for relevance) | 6 | Role of Health and Education in Economic Development, Demand and Supply of Health Services, Health Care Delivery System, Education as a Public Good, Cost-Benefit Analysis in Health and Education |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO CC-8 | Intermediate Macroeconomics-II | Core | 6 | Theories of Consumption and Investment, Money Supply and Demand, Monetary and Fiscal Policies, Inflation and Unemployment: Phillips Curve, Business Cycles |
| ECO CC-9 | Indian Economy-II | Core | 6 | Money, Banking and Financial Markets in India, Public Finance: Taxation and Public Expenditure, India''''s Foreign Trade and Balance of Payments, Poverty, Inequality and Unemployment, Economic Reforms and their Impact |
| ECO CC-10 | Public Finance | Core | 6 | Role of Government in a Market Economy, Public Goods and Externalities, Theories of Public Expenditure, Principles of Taxation, Fiscal Policy and Debt Management |
| SEC-II | Data Analysis | Skill Enhancement Course (Chosen from available options) | 4 | Data Types and Sources, Descriptive Statistics: Measures of Central Tendency and Dispersion, Introduction to Statistical Software (e.g., Excel, R/Python basics), Data Visualization, Basic Inferential Statistics |
| GE-IV | Environmental Economics | Generic Elective (Chosen from available Economics GEs for relevance) | 6 | Environmental Problems and Economic Analysis, Economics of Pollution Control, Sustainable Development, Environmental Valuation Techniques, Climate Change Economics |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO CC-11 | Development Economics-I | Core | 6 | Economic Development: Concepts and Measurement, Characteristics of Underdevelopment, Theories of Economic Growth and Development, Poverty and Income Inequality, Population and Human Capital |
| ECO CC-12 | Statistical Methods for Economics | Core | 6 | Organization and Presentation of Data, Measures of Central Tendency, Measures of Dispersion, Skewness, Kurtosis, Correlation Analysis, Regression Analysis and Index Numbers |
| DSE-I | Applied Econometrics | Discipline Specific Elective (Chosen from available options) | 6 | Advanced Regression Models, Dummy Variables, Time Series Econometrics: Stationarity, Cointegration, Panel Data Models, Introduction to Qualitative Response Regression Models |
| DSE-II | Money and Financial Markets | Discipline Specific Elective (Chosen from available options) | 6 | Role of Money in the Economy, Structure of the Indian Financial System, Commercial Banking and Non-Banking Financial Companies, Central Banking and Monetary Policy, Capital Market and Money Market Instruments |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO CC-13 | Development Economics-II | Core | 6 | Theories of Underdevelopment and Dualism, Role of State and Market in Development, International Trade and Development, Globalisation and Developing Countries, Gender and Development |
| ECO CC-14 | International Economics | Core | 6 | Theories of International Trade (Ricardian, Heckscher-Ohlin), Terms of Trade, Trade Policy: Tariffs and Non-Tariff Barriers, Balance of Payments: Components and Adjustment Mechanisms, Exchange Rate Regimes and Determination |
| DSE-III | Political Economy | Discipline Specific Elective (Chosen from available options) | 6 | Classical Political Economy: Adam Smith, David Ricardo, Marxian Political Economy, State and the Economy: Public Choice Theory, Rent Seeking and Corruption, Political Economy of Development |
| DSE-IV | Comparative Economic Development | Discipline Specific Elective (Chosen from available options) | 6 | Historical Patterns of Economic Growth, Development Experience of the Soviet Union, Economic Transformation of China, East Asian Miracles, Latin American Development Models |
