.png&w=1920&q=75)
BA in Economics at Prakash Chandra Mahavidyalaya
Auraiya, Uttar Pradesh
.png&w=1920&q=75)
About the Specialization
What is Economics at Prakash Chandra Mahavidyalaya Auraiya?
This Economics program at Prakash Chandra Mahavidyalaya focuses on equipping students with a robust understanding of economic principles, theories, and their application to real-world challenges. With a strong emphasis on the Indian context as per NEP guidelines, the curriculum delves into both micro and macro-economic frameworks, economic development, and quantitative techniques crucial for policy analysis and research in India. It aims to develop critical thinking and analytical abilities.
Who Should Apply?
This program is ideal for 10+2 graduates from any stream who possess analytical thinking and an interest in societal issues, market dynamics, and government policies. It caters to those aspiring for careers in public service, research, financial analysis, or further academic pursuits in economics within India. Students keen on understanding national and global economic landscapes will find this program enriching.
Why Choose This Course?
Graduates of this program can expect to pursue diverse career paths in India, including roles as economic analysts, data researchers, policy assistants in government organizations, or banking and financial services. Entry-level salaries typically range from INR 2.5 to 4.5 LPA, with significant growth trajectories in government sectors, think tanks, and corporate roles. It also serves as a strong foundation for competitive exams like UPSC, RBI Grade B, and IES.
Student Success Practices
Foundation Stage
Build Strong Conceptual Foundations- (Semester 1-2)
Focus on mastering core micro and macroeconomic theories. Attend all lectures, take detailed notes, and actively participate in discussions. Use supplementary resources like NPTEL lectures, NCERT economics books (for revision), and standard textbooks to solidify understanding.
Tools & Resources
NPTEL, Khan Academy Economics, Standard Textbooks (e.g., Mankiw, Dornbusch), Peer Study Groups
Career Connection
A strong theoretical base is essential for understanding advanced economic concepts and performing well in competitive exams like UPSC, RBI Grade B, or IES, as well as for higher studies.
Develop Analytical and Problem-Solving Skills- (Semester 1-2)
Regularly practice solving numerical problems related to demand-supply, national income, and inflation. Engage with case studies from Indian economic scenarios to apply theoretical knowledge. Focus on understanding the logical flow of economic arguments and their real-world implications.
Tools & Resources
Previous Year Question Papers, Economic News Analyses (The Economic Times, Livemint), Online Problem Sets
Career Connection
These analytical and problem-solving skills are highly valued in roles requiring data interpretation, financial modeling, policy evaluation, and research across various sectors.
Stay Updated with Current Economic Affairs- (Semester 1-2)
Read reputable financial newspapers and economic magazines daily. Follow key economic indicators, government policies (like the Union Budget, RBI monetary policy reviews), and major economic events in India. Discuss current affairs with faculty and peers to link theory with practice.
Tools & Resources
The Economic Times, Business Standard, Livemint, RBI Website, NITI Aayog Reports
Career Connection
Essential for general awareness in competitive exams, excelling in interviews, and for roles in policy analysis and economic journalism, keeping you relevant in a dynamic market.
Intermediate Stage
Master Quantitative Methods and Software- (Semester 3-4 (start), Semester 5 (deepen))
For subjects like Quantitative Methods and Econometrics, focus on practical application. Learn to use statistical software (e.g., R, Python with Pandas/Numpy, basic Excel) for data analysis. Practice interpreting statistical outputs in economic contexts to draw meaningful conclusions.
Tools & Resources
RStudio, Python (Anaconda distribution), Online Tutorials for Statistical Software, Data Sets from Government Sources (MOSPI, RBI)
Career Connection
Crucial for roles in data analytics, market research, financial modeling, and applied econometrics. Proficiency in these tools significantly enhances employability in data-driven industries.
Engage in Research and Project Work- (Semester 3-5)
Actively participate in project-based learning. Work on mini-research projects related to the Indian economy, even if not formally assigned. Collaborate with peers and seek faculty guidance. This builds research acumen, critical thinking, and independent study skills.
Tools & Resources
Academic Journals (e.g., Economic and Political Weekly), Research Databases (JSTOR, Google Scholar), Data from CSO, NSSO
Career Connection
Prepares for advanced research, M.A./Ph.D. programs, and analytical roles in think tanks, consultancies, and government research departments.
Seek Internships and Industry Exposure- (After Semester 2, after Semester 4)
Actively look for internships during summer breaks with NGOs, local government bodies, research organizations, or financial institutions. Even short-term internships provide invaluable practical experience, exposure to real-world economic problems, and networking opportunities.
Tools & Resources
LinkedIn, Internshala.com, College Placement Cell, Direct Outreach to Organizations
Career Connection
Provides practical application of knowledge, builds a professional network, and significantly boosts your resume for future placements and career opportunities in India.
Advanced Stage
Intensive Placement/Competitive Exam Preparation- (Semester 6)
Identify target career paths (e.g., civil services, banking, corporate analyst, M.A. Economics). Dedicate specific time for preparing for relevant entrance exams (e.g., UPSC, IES, RBI Grade B, MA Economics entrances like DSE, JNU) or placement interviews, focusing on subject-specific knowledge and general aptitude.
Tools & Resources
Coaching Institutes (if required), Mock Tests, Interview Preparation Guides, Alumni Network for Mentorship
Career Connection
Directly enhances your chances of securing desired jobs or gaining admission to prestigious higher education programs immediately after graduation, aligning with your career aspirations.
Specialize through Electives and Advanced Topics- (Semester 5-6)
Choose electives wisely based on your career interests (e.g., Econometrics for data science roles, Environmental Economics for sustainability, Agricultural Economics for rural development). Deep dive into these chosen areas through advanced readings, specialized projects, and online certifications.
Tools & Resources
Specialized Academic Texts, Research Papers, Online Courses (Coursera, edX, Swayam) in specific areas
Career Connection
Develops expertise in a niche area, making you a more valuable and specialized candidate for specific roles in the job market or for focused higher studies.
Build Professional Communication and Presentation Skills- (Throughout the program, intensified in Semester 6)
Regularly practice presenting research findings, participating in group discussions, and writing clear, concise reports. Effective communication is vital for economists to convey complex ideas to diverse audiences, including policymakers, clients, and colleagues.
Tools & Resources
College Workshops, Public Speaking Clubs, Formal Presentations for Projects, Feedback from Faculty and Peers
Career Connection
Essential for all professional roles, especially in policy advocacy, consulting, academic presentations, and leadership positions where clear articulation of economic concepts is critical.
Program Structure and Curriculum
Eligibility:
- Intermediate (10+2) in any stream from a recognized board, as per CSJMU and State Government norms.
Duration: 3 years (6 semesters)
Credits: Credits not specified
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B040101T | Principles of Microeconomics | Core | 4 | Demand and Supply Analysis, Consumer Behavior Theories, Production and Cost Functions, Market Structures (Perfect Competition, Monopoly), Factor Pricing |
| B040102P | Practical/Project related to Microeconomics | Practical | 2 | Data Collection for Market Survey, Demand Elasticity Calculation, Cost Analysis Project, Case Study Analysis, Economic Model Interpretation |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B040201T | Principles of Macroeconomics | Core | 4 | National Income Accounting, Classical and Keynesian Theories of Employment, Consumption and Investment Functions, Inflation and Unemployment, Fiscal and Monetary Policy |
| B040202P | Practical/Project related to Macroeconomics | Practical | 2 | GDP Calculation Methods, Inflation Rate Analysis, Monetary Policy Impact Assessment, Fiscal Deficit Study, Economic Data Interpretation |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B040301T | Indian Economy | Core | 4 | Structure and Characteristics of Indian Economy, Economic Planning in India, Agriculture Sector and Reforms, Industrial Development and Policies, Services Sector and Economic Reforms |
| B040302T | Public Finance | Core | 4 | Role of Government in Economy, Public Expenditure Theories, Taxation Principles and System in India, Public Debt Management, Fiscal Policy and Budgeting |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B040401T | Development Economics | Core | 4 | Concepts of Economic Development and Growth, Theories of Underdevelopment, Poverty and Inequality, Population Dynamics and Human Capital, Role of State and Market in Development |
| B040402T | Elementary Quantitative Methods for Economics | Core | 4 | Measures of Central Tendency and Dispersion, Correlation and Regression Analysis, Index Numbers, Time Series Analysis, Basic Probability Concepts |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B040501T | International Economics | Core | 4 | Theories of International Trade, Balance of Payments, Foreign Exchange Rates, Trade Policies and Protectionism, International Economic Organizations |
| B040502T | History of Economic Thought / Environmental Economics | Elective | 4 | Classical Economists (Adam Smith, Ricardo), Neoclassical Economics, Keynesian Revolution, Environmental Problems and Economic Valuation, Sustainable Development and Policies |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B040601T | Econometrics / Agricultural Economics | Elective | 4 | Simple and Multiple Regression Analysis, Hypothesis Testing in Regression, Violations of Classical Assumptions, Indian Agriculture Structure and Policy, Food Security and Rural Development |
| B040602PR | Research Project / Dissertation | Project | 6 | Research Methodology, Data Collection and Analysis Techniques, Thesis Writing and Documentation, Presentation Skills, Economic Policy Analysis |
