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M-A in Economics at Pt. Ramnayan Ramsukh Degree College, Sohnag, Belghat, Gorakhpur
Gorakhpur, Uttar Pradesh
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About the Specialization
What is Economics at Pt. Ramnayan Ramsukh Degree College, Sohnag, Belghat, Gorakhpur Gorakhpur?
This M.A. Economics program at Pt. Ramnayan Ramsukh Degree College, Gorakhpur, focuses on advanced economic theories, quantitative methods, and Indian economic policy. It equips students with analytical tools to understand complex economic issues. The program emphasizes areas like microeconomics, macroeconomics, econometrics, and development economics, crucial for India''''s evolving economic landscape.
Who Should Apply?
This program is ideal for fresh graduates with an undergraduate degree in Economics or a related field who aspire to careers in research, policy analysis, or academia. It also suits working professionals seeking to deepen their understanding of economic principles and enhance their analytical skills for roles in government, banking, or corporate sectors in India.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economists, data analysts, research associates, or policy advisors in government organizations, think tanks, and financial institutions. Entry-level salaries typically range from INR 3-6 LPA, with significant growth potential in public and private sectors. Many pursue further research or competitive civil services.
Student Success Practices
Foundation Stage
Master Core Economic Concepts- (Semester 1-2)
Focus intensely on microeconomics, macroeconomics, and statistical methods. Build a strong conceptual foundation by solving numerical problems regularly and understanding theoretical derivations thoroughly. Collaborate with peers to discuss complex topics and clarify doubts early on.
Tools & Resources
NPTEL courses for Economics, Standard textbooks (e.g., Varian for Micro, Dornbusch for Macro), Online quizzes on economics concepts
Career Connection
A strong foundation is crucial for cracking competitive exams like NET/JRF, RBI Grade B, or UPSC, and for excelling in advanced coursework and research roles.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Actively participate in quantitative methods and econometrics classes. Practice using statistical software (if introduced) or Excel for data analysis. Regularly attempt problem sets and case studies. Attend workshops on data interpretation and economic modeling.
Tools & Resources
R/Python (basic), Excel, GRE/GMAT quantitative reasoning practice books, YouTube tutorials for econometrics concepts
Career Connection
These skills are highly sought after by research firms, financial institutions, and data analysis roles in both public and private sectors in India.
Engage with Indian Economic Policy Discussions- (Semester 1-2)
Beyond coursework, read economic newspapers (e.g., The Economic Times, Business Standard) and journals. Follow major policy announcements and budget analyses. Participate in college debates or discussions on contemporary Indian economic issues to develop a nuanced perspective.
Tools & Resources
The Economic Survey of India, RBI Bulletins, NITI Aayog reports, EPW (Economic and Political Weekly)
Career Connection
This engagement is vital for roles in economic journalism, public policy think tanks, civil services, and government advisory positions.
Intermediate Stage
Specialize in Areas of Interest- (Semester 3-4)
As elective options become available, choose subjects like Labour Economics or Financial Economics based on your career aspirations. Dive deeper into these areas through additional readings, online courses, and research papers beyond the syllabus. Seek guidance from faculty on potential research topics.
Tools & Resources
Coursera/edX for specialized economics courses, JSTOR, Google Scholar for research papers
Career Connection
Specialization enhances your profile for targeted job roles in specific sectors like HR analytics, banking, or development organizations.
Seek Practical Research Experience- (Semester 3-4)
Collaborate with faculty on small research projects or term papers. Try to undertake an internship, even unpaid, with a local NGO, government department, or a small research firm to gain practical experience in data collection, analysis, and report writing. Attend seminars and workshops.
Tools & Resources
College career services for internship leads, Networking with professors
Career Connection
Practical experience significantly boosts your resume for master''''s level placements and provides a tangible understanding of economic research and application.
Build a Professional Network- (Semester 3-4)
Attend university seminars, guest lectures, and conferences. Connect with alumni and industry professionals through platforms like LinkedIn. Participate in inter-college economics competitions or quiz programs to expand your network and showcase your knowledge.
Tools & Resources
LinkedIn, University alumni network platforms, Economics student associations
Career Connection
Networking opens doors to internship opportunities, mentorship, and potential job leads, often critical for entry into competitive fields.
Advanced Stage
Prepare for Placements and Higher Studies- (Semester 4)
Dedicate time to preparing for interviews, group discussions, and aptitude tests for placements. For those aspiring to higher studies, work on GRE/GMAT/UGC NET preparation. Refine your CV and cover letter with faculty assistance.
Tools & Resources
Online aptitude test platforms, Mock interview sessions, Career counseling services
Career Connection
This focused preparation is essential for securing desirable placements in various economic roles or gaining admission to prestigious PhD programs in India and abroad.
Undertake a Comprehensive Research Project- (Semester 4)
Utilize your final semester to undertake a substantial research project or dissertation on a topic of current economic relevance, ideally with primary data collection. This demonstrates advanced analytical and research capabilities to prospective employers or academic institutions.
Tools & Resources
SPSS/STATA for data analysis, Survey tools (Google Forms, SurveyMonkey), Literature review databases
Career Connection
A strong research project serves as a portfolio piece, showcasing your expertise and analytical rigor for research-oriented roles or PhD applications.
Develop Communication and Presentation Skills- (Semester 4)
Actively seek opportunities to present your research findings, participate in mock conferences, and engage in academic debates. Clear and concise communication of complex economic ideas is paramount for roles in policy, consulting, and teaching.
Tools & Resources
Toastmasters International (if available nearby), University presentation workshops, TED Talks for inspiration
Career Connection
Effective communication skills are crucial for leadership roles, client interactions in consulting, and successful dissemination of research, enhancing overall career progression.
Program Structure and Curriculum
Eligibility:
- Graduation (B.A./B.Sc./B.Com.) with Economics as a subject or an equivalent degree from a recognized university, typically with minimum 45% marks in graduation as per DDUGU norms.
Duration: 2 years (4 semesters)
Credits: 64 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.A.E.C. 101 | Microeconomic Analysis-I | Core | 4 | Theory of Consumer Behavior, Theory of Production and Costs, Market Structures, Welfare Economics, General Equilibrium |
| M.A.E.C. 102 | Macroeconomic Analysis-I | Core | 4 | National Income Accounting, Theories of Employment and Income, Consumption and Investment Functions, Money and Banking, Inflation and Unemployment |
| M.A.E.C. 103 | Quantitative Methods-I (Statistical Methods) | Core | 4 | Measures of Central Tendency and Dispersion, Correlation and Regression Analysis, Probability and Probability Distributions, Sampling Methods, Index Numbers |
| M.A.E.C. 104 | Indian Economic Policy-I | Core | 4 | Structure of Indian Economy, Agricultural Sector, Industrial Sector, Services Sector, Poverty and Inequality, Economic Reforms |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.A.E.C. 201 | Microeconomic Analysis-II | Core | 4 | Theories of Distribution, Market Failures, Asymmetric Information, Game Theory, Economics of Uncertainty |
| M.A.E.C. 202 | Macroeconomic Analysis-II | Core | 4 | Open Economy Macroeconomics, Balance of Payments, Exchange Rate Theories, Macroeconomic Policies (Fiscal & Monetary), Business Cycles |
| M.A.E.C. 203 | Quantitative Methods-II (Econometrics) | Core | 4 | Introduction to Econometrics, Classical Linear Regression Model, Violations of Assumptions, Dummy Variables, Time Series Analysis basics |
| M.A.E.C. 204 | Indian Economic Policy-II | Core | 4 | Public Finance in India, Fiscal Federalism, Monetary Policy in India, External Sector, Planning in India, NITI Aayog |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.A.E.C. 301 | International Economics-I | Core | 4 | Theories of International Trade, Terms of Trade, Commercial Policy (Tariffs, Quotas), Balance of Payments, Foreign Exchange Market |
| M.A.E.C. 302 | Public Economics-I | Core | 4 | Role of Government, Public Goods, Externalities, Public Revenue, Public Expenditure, Taxation Principles |
| M.A.E.C. 303 | Development Economics-I | Core | 4 | Theories of Economic Development, Characteristics of Developing Economies, Poverty and Inequality, Human Capital, Population Growth |
| M.A.E.C. 304(E) | Labour Economics-I | Elective | 4 | Labour Market Theories, Wage Determination, Trade Unions, Labour Welfare, Social Security |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.A.E.C. 401 | International Economics-II | Core | 4 | International Economic Organizations (WTO, IMF, World Bank), Regional Economic Groupings, International Capital Flows, Globalisation |
| M.A.E.C. 402 | Public Economics-II | Core | 4 | Public Debt, Budgeting, Fiscal Policy, Fiscal Federalism, Tax Reforms in India |
| M.A.E.C. 403 | Development Economics-II | Core | 4 | Models of Economic Growth, Sustainable Development, Role of Technology, International Aid, Foreign Direct Investment, Indian Development Experience |
| M.A.E.C. 404(E) | Labour Economics-II | Elective | 4 | Industrial Relations, Collective Bargaining, Labour Market Reforms in India, Child Labour, Gender and Labour Market |
