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BA-ARTS in Economics at Patita Paban Mahavidyalaya, Sainkul
Keonjhar, Odisha
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About the Specialization
What is Economics at Patita Paban Mahavidyalaya, Sainkul Keonjhar?
This Economics program at Patita Paban Mahavidyalaya, affiliated with MSCB University, focuses on equipping students with a strong theoretical and empirical foundation in economic principles. Designed under the NEP 2020 framework, the curriculum addresses contemporary Indian and global economic issues, preparing students for analytical roles. It covers micro, macro, quantitative, and developmental economics, reflecting the dynamic demands of the Indian job market.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into various analytical and policy-oriented roles in India. It also suits individuals with a keen interest in understanding economic phenomena, public policy, and market dynamics. Career changers looking to transition into data analysis, research, or financial services within the Indian economy would find this program beneficial, provided they meet the basic academic prerequisites.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, researchers, policy advisors, data scientists, and banking professionals. Entry-level salaries typically range from INR 3-6 lakhs per annum, with significant growth trajectories in government, private sector firms, and NGOs. The program also lays a strong foundation for pursuing higher studies like MA in Economics, MBA, or civil services, which are highly valued in India.
Student Success Practices
Foundation Stage
Master Economic Fundamentals- (Semester 1-2)
Diligently grasp core micro and macroeconomic concepts covered in the first two semesters. Focus on understanding the intuition behind models and theories, not just memorizing. Utilize university-provided study materials, open online courses, and peer study groups to solidify understanding.
Tools & Resources
NCERT Economics textbooks (Class 11 & 12), Khan Academy Economics, University Library resources, Peer Study Groups
Career Connection
A strong foundation is crucial for all advanced economic studies and analytical roles, enabling critical thinking for future problem-solving in policy or business contexts.
Develop Quantitative Aptitude- (Semester 1-2)
Start building your mathematical and statistical skills early. Practice problems regularly from textbooks, attend extra tutorials, and use online platforms to improve quantitative reasoning, essential for advanced economics papers. Consider basic data analysis software familiarity.
Tools & Resources
R.D. Sharma (Mathematics), Online aptitude test platforms, Excel for basic data handling
Career Connection
Many entry-level analytical roles in banking, finance, and research in India demand strong quantitative skills. This prepares students for competitive exams and data-driven job profiles.
Engage with Economic News and Debates- (Semester 1-2)
Regularly read economic newspapers, magazines, and reputable online news sources (e.g., The Economic Times, Livemint, The Hindu Business Line). Participate in college debates or discussions on current economic events in India to connect theoretical knowledge with real-world applications.
Tools & Resources
The Economic Times, Livemint, RBI Website for economic reports
Career Connection
This fosters an understanding of the Indian economic landscape, making students more informed and articulate during interviews for roles in government, media, and consultancies.
Intermediate Stage
Enhance Data Analysis and Software Skills- (Semester 3-5)
Beyond theoretical statistics, learn practical data analysis using software like R, Python (with pandas/numpy), or Stata/EViews. Focus on skills for econometric analysis and data visualization, which are highly valued in research and analytics roles in India.
Tools & Resources
Coursera/edX courses on R/Python for Data Science, NPTEL lectures on Econometrics, YouTube tutorials for Stata/EViews
Career Connection
This directly prepares students for roles as data analysts, research assistants, and business intelligence professionals in various Indian industries and think tanks.
Undertake Mini-Projects and Internships- (Semester 3-5)
Seek out short-term internships or volunteer for mini-projects related to economic research, policy analysis, or social impact with local NGOs, small firms, or faculty members. This provides practical exposure and builds a professional network.
Tools & Resources
College placement cell, LinkedIn for internship postings, Faculty connections for research projects
Career Connection
Practical experience and networking are vital for placements in the competitive Indian job market, offering insights into real-world challenges and potential career paths.
Participate in Academic Competitions and Seminars- (Semester 3-5)
Engage in economics quizzes, paper presentation competitions, and national/regional seminars. This improves public speaking, research synthesis, and critical thinking skills while providing exposure to diverse academic perspectives and networking opportunities with peers and experts.
Tools & Resources
College Economic Society, University-level competition announcements, Professional associations
Career Connection
Such participation enhances resumes, demonstrates initiative, and provides valuable networking for future academic and professional opportunities within India.
Advanced Stage
Focus on Specialization and Research- (Semester 6-8)
Dive deep into Major Elective Courses based on career interests (e.g., Environmental Economics, Econometrics). For Honours with Research, dedicate significant effort to the Research Methodology and Project Work/Dissertation components, aiming for high-quality research output.
Tools & Resources
Academic journals (JSTOR, ResearchGate), Thesis writing guides, Statistical software expertise
Career Connection
Specialization makes candidates more appealing for niche roles. A strong research project can be a significant differentiator for academic pursuits or advanced analytical positions in India.
Build a Professional Portfolio and Resume- (Semester 6-8)
Compile all projects, internships, research papers, and relevant certifications into a well-structured portfolio and a compelling resume. Practice mock interviews, including behavioral and technical rounds, focusing on explaining economic concepts and analytical approaches clearly.
Tools & Resources
College career services, Online resume builders, Mock interview platforms
Career Connection
This is crucial for securing placements or admissions to postgraduate programs. A strong portfolio showcases skills and achievements relevant to potential employers in India.
Explore Postgraduate Options and Entrance Exams- (Semester 6-8)
Research various postgraduate programs in India (MA Economics, MBA, etc.) and understand their admission requirements. Begin preparing for relevant entrance examinations such as NET/JRF, GATE, CAT, or university-specific PG entrance tests, especially if pursuing higher education or specific career paths.
Tools & Resources
Official exam websites, Coaching institutes (if needed), Alumni network for guidance
Career Connection
Proactive preparation for postgraduate studies and entrance exams opens doors to top-tier universities and highly competitive career opportunities in India, including academia, research, and management.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 4 years (8 semesters) for Honours with Research. Students can exit at various stages.
Credits: 192 credits (for 4-year Honours with Research) Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC-MA-101 | Principles of Microeconomics | Major | 5 | Introduction to Economics, Demand and Supply Analysis, Theory of Consumer Behaviour, Theory of Production and Cost, Market Structures |
| BA-MDC-101 | Multidisciplinary Course - I | Multidisciplinary Course (MDC) | 3 | Choice-based from a pool of subjects across disciplines |
| BA-AEC-101 | Environmental Studies | Ability Enhancement Course (AEC) | 2 | Ecosystems and Biodiversity, Environmental Pollution, Natural Resources, Sustainable Development, Environmental Ethics |
| BA-VAC-101 | Value Added Course - I | Value Added Course (VAC) | 2 | Choice-based from a pool of subjects |
| BA-MN-101 | Minor Discipline - I | Minor | 5 | Course from a selected minor discipline |
| BA-SEC-101 | Skill Enhancement Course - I | Skill Enhancement Course (SEC) | 2 | Choice-based from a pool of skill-focused subjects |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC-MA-202 | Principles of Macroeconomics | Major | 5 | Introduction to Macroeconomics, National Income Accounting, Determination of Output and Employment, Money and Banking, Inflation and Unemployment |
| BA-MDC-202 | Multidisciplinary Course - II | Multidisciplinary Course (MDC) | 3 | Choice-based from a pool of subjects across disciplines |
| BA-AEC-202 | English Communication | Ability Enhancement Course (AEC) | 2 | Grammar and Vocabulary, Reading Comprehension, Writing Skills, Oral Communication, Presentation Skills |
| BA-VAC-202 | Value Added Course - II | Value Added Course (VAC) | 2 | Choice-based from a pool of subjects |
| BA-MN-202 | Minor Discipline - II | Minor | 5 | Course from a selected minor discipline |
| BA-SEC-202 | Skill Enhancement Course - II | Skill Enhancement Course (SEC) | 2 | Choice-based from a pool of skill-focused subjects |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC-MA-303 | Indian Economy-I | Major | 5 | Basic Characteristics of Indian Economy, Agricultural Sector, Industrial Sector, Service Sector, Economic Reforms |
| EC-MA-304 | History of Economic Thought | Major | 5 | Mercantilism and Physiocracy, Classical Economics, Marxian Economics, Neo-classical Economics, Keynesian Economics |
| BA-MDC-303 | Multidisciplinary Course - III | Multidisciplinary Course (MDC) | 3 | Choice-based from a pool of subjects across disciplines |
| BA-AEC-303 | MIL Communication | Ability Enhancement Course (AEC) | 2 | Odia/Hindi/Sanskrit or other Modern Indian Language Communication |
| BA-VAC-303 | Value Added Course - III | Value Added Course (VAC) | 2 | Choice-based from a pool of subjects |
| BA-MN-303 | Minor Discipline - III | Minor | 5 | Course from a selected minor discipline |
| BA-SEC-303 | Skill Enhancement Course - III | Skill Enhancement Course (SEC) | 2 | Choice-based from a pool of skill-focused subjects |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC-MA-405 | Indian Economy-II | Major | 5 | Public Finance in India, Foreign Trade, Poverty and Inequality, Labour and Employment, Human Development |
| EC-MA-406 | Statistical Methods for Economics | Major | 5 | Introduction to Statistics, Measures of Central Tendency and Dispersion, Correlation and Regression, Probability, Index Numbers |
| BA-MDC-404 | Multidisciplinary Course - IV | Multidisciplinary Course (MDC) | 3 | Choice-based from a pool of subjects across disciplines |
| BA-AEC-404 | Digital Fluency | Ability Enhancement Course (AEC) | 2 | Basics of Computer Systems, Internet and Web Technologies, Cyber Security, Digital Tools for Productivity, Data Privacy |
| BA-VAC-404 | Value Added Course - IV | Value Added Course (VAC) | 2 | Choice-based from a pool of subjects |
| BA-MN-404 | Minor Discipline - IV | Minor | 5 | Course from a selected minor discipline |
| BA-SEC-404 | Skill Enhancement Course - IV | Skill Enhancement Course (SEC) | 2 | Choice-based from a pool of skill-focused subjects |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC-MA-507 | Intermediate Microeconomics | Major | 5 | Consumer Theory (Advanced), Production and Cost (Advanced), Market Structures (Advanced), Factor Pricing, General Equilibrium |
| EC-MA-508 | Intermediate Macroeconomics | Major | 5 | Theories of Consumption and Investment, IS-LM Model, Open Economy Macroeconomics, Phillips Curve, Business Cycles |
| EC-MA-509 | Quantitative Methods for Economics | Major | 5 | Matrix Algebra, Differential Calculus, Optimization, Integral Calculus, Difference Equations |
| BA-MN-505 | Minor Discipline - V | Minor | 5 | Course from a selected minor discipline |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC-MA-610 | Development Economics | Major | 5 | Theories of Economic Growth, Poverty and Income Distribution, Human Capital and Development, Role of State and Market in Development, Sustainable Development |
| BA-MN-606 | Minor Discipline - VI | Minor | 5 | Course from a selected minor discipline |
Semester 7
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC-MEC-711 | Major Elective Course - I (e.g., Environmental Economics) | Major Elective | 5 | Choice-based from a list like Environmental Economics, Financial Economics, International Economics, Public Economics, Health Economics |
| EC-MEC-712 | Major Elective Course - II (e.g., Econometrics) | Major Elective | 5 | Choice-based from a list like Econometrics, Game Theory, Economics of Growth, Agricultural Economics, Urban Economics |
| EC-RC-701 | Research Methodology | Research Component | 6 | Research Design, Data Collection Methods, Sampling Techniques, Data Analysis Tools, Report Writing |
| BA-MN-707 | Minor Discipline - VII | Minor | 5 | Course from a selected minor discipline |
Semester 8
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC-MEC-813 | Major Elective Course - III (e.g., Industrial Economics) | Major Elective | 5 | Choice-based from a list like Industrial Economics, Behavioural Economics, Data Analytics, Rural Economics, Gender Economics |
| EC-MEC-814 | Major Elective Course - IV (e.g., Applied Econometrics) | Major Elective | 5 | Choice-based from a list like Applied Econometrics, Computational Economics, Regional Economics, Energy Economics, Resource Economics |
| EC-RC-802 | Project Work/Dissertation | Research Component | 6 | Research Problem Formulation, Literature Review, Methodology, Data Collection and Analysis, Thesis Writing and Presentation |
| BA-MN-808 | Minor Discipline - VIII | Minor | 5 | Course from a selected minor discipline |
