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MA in Economics at Pujya Bhaurao Devras Mahavidyalaya Muktapur
Kanpur Dehat, Uttar Pradesh
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About the Specialization
What is Economics at Pujya Bhaurao Devras Mahavidyalaya Muktapur Kanpur Dehat?
This MA Economics program at Pujya Bhaurao Devras Mahavidyalaya, affiliated with CSJMU, focuses on developing strong theoretical and analytical foundations in economic principles. It equips students with the quantitative skills necessary to understand and analyze complex economic phenomena, particularly relevant to the Indian economy. The program emphasizes a blend of microeconomics, macroeconomics, econometrics, and Indian economic policy, preparing graduates for impactful roles in research and policy formulation. India''''s growing economy constantly demands skilled economists to address challenges and drive sustainable growth.
Who Should Apply?
This program is ideal for fresh graduates holding a Bachelor''''s degree with Economics as a primary subject, aiming for advanced studies. It also caters to aspiring civil servants, researchers, and professionals seeking to deepen their understanding of economic theories and their application in real-world scenarios, especially within the Indian context. A keen interest in quantitative analysis, policy research, and a strong analytical mindset are crucial prerequisites for success in this demanding field.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India as economic analysts, researchers in think tanks, consultants for government and private firms, or educators. Entry-level salaries typically range from INR 3-6 lakhs per annum, with experienced professionals potentially earning INR 8-15 lakhs or more. Growth trajectories are strong in areas like data analytics, policy consulting, and financial economics, often leading to roles in RBI, NITI Aayog, or leading corporates. The program also lays a strong foundation for pursuing M.Phil. or Ph.D. degrees.
Student Success Practices
Foundation Stage
Master Economic Fundamentals and Quantitative Skills- (Semester 1-2)
Dedicate significant effort to thoroughly understand core Micro and Macro Economic Analysis concepts. Simultaneously, build a strong foundation in Quantitative Methods by solving numerous problems and practicing calculus, matrix algebra, and probability. This strong base is critical for advanced topics and data interpretation.
Tools & Resources
NCERT Economics books (for clarity), Standard textbooks (e.g., Varian, Mankiw, Koutsoyiannis), Khan Academy for Math refreshers, NPTEL lectures on basic econometrics
Career Connection
A solid theoretical and quantitative foundation is non-negotiable for analyst roles, research positions, and entrance exams for higher studies or government jobs like RBI Grade B or UPSC.
Engage with Indian Economic Context through Policy Analysis- (Semester 1-2)
Beyond textbooks, actively follow current economic events in India. Read reputable financial newspapers (e.g., The Economic Times, Business Standard), government reports (Economic Survey, RBI Bulletins), and analyze policy debates discussed in your Indian Economic Policy papers. Participate in classroom discussions and present your perspectives.
Tools & Resources
The Hindu/Indian Express (Business/Economy sections), Press Information Bureau (PIB) India, NITI Aayog publications, RBI website for policy documents
Career Connection
Understanding the Indian economic landscape is vital for policy-oriented roles, government jobs, and positions in domestic consulting firms, allowing you to articulate relevant solutions.
Develop Basic Data Handling and Software Proficiency- (Semester 1-2)
Utilize vocational courses and practical components to gain hands-on experience with data entry, spreadsheet software (MS Excel), and introductory statistical packages like R or Python. Practice basic data manipulation, visualization, and statistical analysis techniques.
Tools & Resources
Microsoft Excel tutorials, Introductory R/Python courses (e.g., DataCamp, Coursera), Official documentation for statistical software, College computer lab resources
Career Connection
These skills are increasingly demanded across all economic roles, from research to market analysis, making you more employable and efficient in your academic projects.
Intermediate Stage
Pursue a Meaningful Summer Internship/Field Project- (After Semester 2 / During Semester 3)
Actively seek and complete a summer internship or field project in an organization related to economics (e.g., research institutes, NGOs, government departments, banks, or data analytics firms). Focus on applying theoretical knowledge to real-world problems and developing research methodology skills, critical thinking, and report writing.
Tools & Resources
College placement cell, LinkedIn for internship postings, Networking with faculty and alumni, Government internship portals
Career Connection
Internships provide invaluable practical exposure, strengthen your resume, and often lead to pre-placement offers or strong references crucial for securing full-time employment.
Deepen Econometric & Statistical Modelling Skills- (Semester 3)
Build upon your quantitative foundation by focusing on econometrics, regression analysis, and time series techniques. Work on real datasets, apply appropriate statistical models, and interpret results accurately. Leverage resources like online courses and practical assignments to master these advanced analytical tools.
Tools & Resources
Greene''''s Econometric Analysis textbook, Online courses on econometrics (e.g., Udemy, edX), Practice with Stata, EViews, or R/Python for econometrics, Data from CMIE, NSSO, World Bank
Career Connection
Proficiency in econometric modeling is highly valued in research, consulting, financial analysis, and policy formulation roles, enabling you to conduct rigorous economic analysis.
Participate in Economic Debates and Competitions- (Semester 3)
Join college economics clubs or societies, and actively participate in quizzes, debates, and paper presentation competitions. This enhances your understanding of diverse economic issues, improves public speaking and analytical reasoning, and expands your professional network within the academic community.
Tools & Resources
College Economics Department activities, Inter-college fests, Economic journals and magazines, Peer study groups
Career Connection
Such participation hones soft skills vital for interviews and teamwork, demonstrating your passion for economics and setting you apart in a competitive job market.
Advanced Stage
Undertake a Comprehensive Research Project/Dissertation- (Semester 4)
Choose a research topic aligned with your career interests and apply advanced research methodologies, data collection, and statistical analysis to complete your dissertation. Work closely with your faculty mentor and aim for a high-quality, impactful study.
Tools & Resources
Academic databases (JSTOR, Google Scholar), Reference management software (Zotero, Mendeley), Advanced statistical software (Stata, R, Python), University library resources
Career Connection
A strong dissertation showcases your analytical and research capabilities, making you an attractive candidate for research-oriented roles, academia, and Ph.D. programs.
Specialize through Electives and Advanced Learning- (Semester 4)
Carefully select major elective courses that align with your career aspirations (e.g., Public Economics, Labour Economics, Environmental Economics). Beyond the curriculum, explore specialized certifications or online courses in areas like financial econometrics, data science for economists, or development policy to gain a competitive edge.
Tools & Resources
CSJMU syllabus elective options, NPTEL advanced courses, Coursera/edX specializations, Professional body certifications (if applicable to specific niche)
Career Connection
Specialized knowledge helps you target specific industries or roles, making you a more valuable asset and increasing your chances of securing preferred placements.
Focus on Career Planning and Placement Preparation- (Semester 4)
Begin preparing for placements early in your final year. This includes resume building, mock interviews, aptitude test preparation, and networking with alumni and industry professionals. Tailor your applications to specific roles (e.g., analyst, consultant, researcher) and companies.
Tools & Resources
College placement cell services, Online aptitude test platforms (e.g., IndiaBix), LinkedIn for professional networking, Company career pages
Career Connection
Proactive and targeted preparation significantly increases your chances of securing desirable job offers upon graduation and helps in transitioning smoothly into your chosen career path.
Program Structure and Curriculum
Eligibility:
- Graduation (Bachelor''''s degree) with Economics as a major/main subject or a related discipline from a recognized university (as per general university norms, not explicitly stated in syllabus document).
Duration: 2 years (4 semesters)
Credits: 84 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCC-101 | Micro Economic Analysis – I | Core | 4 | Consumer Behaviour, Production Theory, Market Structures, Welfare Economics, Game Theory |
| MCC-102 | Macro Economic Analysis – I | Core | 4 | National Income Accounting, Classical & Keynesian Models, IS-LM Model, Money & Inflation, Business Cycles |
| MCC-103 | Quantitative Methods for Economic Analysis – I | Core | 4 | Matrix Algebra, Calculus & Optimization, Differential Equations, Probability Theory, Functions & Limits |
| MCC-104 | Indian Economic Policy – I | Core | 4 | Structure of Indian Economy, Economic Planning in India, Agricultural Sector Issues, Industrial Policy & Reforms, Poverty & Inequality in India |
| DSE-105 | Agricultural Economics (Minor Elective - Example) | Elective | 3 | Agricultural Development Theories, Farm Management & Efficiency, Agricultural Price Policy, Food Security & PDS, Rural Credit & Marketing |
| VC-106 | Computer Application for Economic Analysis (Vocational Course - Example) | Elective | 3 | Data Entry & Management, Spreadsheet Software (MS Excel), Statistical Package Introduction (SPSS/Stata), Data Visualization, Online Economic Databases |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCC-201 | Micro Economic Analysis – II | Core | 4 | General Equilibrium Theory, Asymmetric Information, Externalities & Public Goods, Risk, Uncertainty & Insurance, Modern Welfare Economics |
| MCC-202 | Macro Economic Analysis – II | Core | 4 | Open Economy Macroeconomics, Exchange Rate Regimes, Economic Growth Models (Harrod-Domar, Solow), New Classical & New Keynesian Economics, Supply Side Economics |
| MCC-203 | Quantitative Methods for Economic Analysis – II | Core | 4 | Regression Analysis, Multiple Regression, Time Series Analysis, Index Numbers & Data Interpretation, Introduction to Econometrics |
| MCC-204 | Indian Economic Policy – II | Core | 4 | Fiscal Policy & Budget in India, Monetary Policy & RBI, External Sector & Trade Policy, Infrastructure Development & Financing, Human Development & Social Sector |
| DSE-205 | Environmental Economics (Minor Elective - Example) | Elective | 3 | Environmental Valuation Methods, Pollution Control Policies, Climate Change Economics, Sustainable Development Goals, Natural Resource Management |
| VC-206 | Data Analysis using R/Python (Vocational Course - Example) | Elective | 3 | Introduction to R/Python for Data, Data Import & Cleaning, Basic Statistical Analysis, Data Visualization with R/Python, Introduction to Econometric Models |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCC-301 | Economics of Growth and Development – I | Core | 4 | Theories of Economic Growth, Endogenous Growth Models, Poverty & Income Inequality, Human Capital & Development, Population Growth & Economic Development |
| MCC-302 | International Economics – I | Core | 4 | Theories of International Trade, Terms of Trade, Trade Policy Instruments (Tariffs, Quotas), Balance of Payments, Foreign Exchange Markets |
| MEC-303 | Public Economics – I (Major Elective - Example from Group A) | Elective | 4 | Public Goods & Externalities, Public Revenue & Taxation Principles, Public Expenditure Theories, Fiscal Policy & Stabilisation, Budgetary Process |
| MEC-304 | Labour Economics – I (Major Elective - Example from Group A) | Elective | 4 | Labour Market Theories, Wage Determination & Theories, Labour Unions & Collective Bargaining, Employment & Unemployment, Social Security & Labour Welfare |
| SIP | Summer Internship / Field Project | Project | 2 | Research Problem Identification, Data Collection & Survey Methods, Data Analysis & Interpretation, Report Writing, Presentation Skills |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCC-401 | Economics of Growth and Development – II | Core | 4 | Development Planning & Strategies, Dualism & Structural Transformation, Globalisation & Development, Role of State & Markets in Development, Sustainable Development Goals (SDGs) |
| MCC-402 | International Economics – II | Core | 4 | International Monetary System, Exchange Rate Policies, WTO & Multilateral Trading System, Regional Trading Blocs, International Capital Flows |
| MEC-403 | Public Economics – II (Major Elective - Example from Group B) | Elective | 4 | Fiscal Federalism in India, Public Debt & Debt Management, Tax Reforms & GST, Government Budgeting & Performance, Social Choice Theory |
| MEC-404 | Labour Economics – II (Major Elective - Example from Group B) | Elective | 4 | Labour Market Reforms in India, Child Labour & Exploitation, Rural-Urban Migration, Human Resource Development, Industrial Relations & Laws |
| MRP-405 | Research Project / Dissertation | Project | 6 | Research Design & Methodology, Literature Review Techniques, Advanced Data Analysis, Thesis Writing & Structuring, Viva-Voce Preparation |
