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B-A-HONS-ECONOMICS in Economics at Rajdhani College
Delhi, Delhi
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About the Specialization
What is Economics at Rajdhani College Delhi?
This B.A. (Hons) Economics program at Rajdhani College, affiliated with the University of Delhi, focuses on rigorous analytical and quantitative training in economic theory and its application to real-world problems. With a strong emphasis on mathematical and statistical methods, the curriculum prepares students for diverse roles in policy-making, research, and industry. India''''s rapidly growing economy creates a high demand for skilled economists capable of analyzing complex market dynamics and contributing to national development strategies. The program''''s comprehensive approach makes it highly relevant to the Indian context.
Who Should Apply?
This program is ideal for analytically-minded fresh graduates who possess a strong aptitude for mathematics and a keen interest in understanding economic systems. It suits individuals aspiring to careers in government, banking, finance, and consulting. Graduates looking to pursue higher education in economics, management, or public policy will also find this foundation invaluable. Those with a curious and critical approach to societal challenges, particularly within the Indian economic landscape, are well-suited for this program.
Why Choose This Course?
Graduates of this program can expect to secure roles as economic analysts, data scientists, research associates, or consultants in India''''s diverse job market. Entry-level salaries typically range from INR 4-7 lakhs per annum, with experienced professionals earning significantly more in policy research or financial sector roles. The program fosters critical thinking, problem-solving, and quantitative skills, crucial for navigating growth trajectories in leading Indian and multinational companies, and aligning with professional certifications like FRM or CFA foundational knowledge.
Student Success Practices
Foundation Stage
Strengthen Mathematical Foundations- (Semester 1-2)
Actively review and practice calculus, linear algebra, and basic statistics. Utilize resources like Khan Academy, NPTEL, and standard textbooks such as Alpha C. Chiang''''s ''''Fundamental Methods of Mathematical Economics''''. This ensures a solid base for advanced economic modeling and quantitative analysis, crucial for excelling in econometrics and advanced micro/macroeconomics.
Tools & Resources
Khan Academy, NPTEL, Alpha C. Chiang''''s ''''Fundamental Methods of Mathematical Economics''''
Career Connection
A strong quantitative base is essential for analytical roles in finance, research, and data science, making you a more competitive candidate for specialized positions.
Engage with Economic News and Journals- (Semester 1-2)
Develop a habit of regularly reading reputable financial newspapers (e.g., The Economic Times, Business Standard) and magazines (e.g., EPW, Yojana) to connect theoretical concepts with real-world Indian economic events. Participate actively in college economics society discussions and debates. This fosters an understanding of current economic issues and builds contextual knowledge for future policy roles and interviews.
Tools & Resources
The Economic Times, Business Standard, Economic & Political Weekly (EPW), Yojana Magazine, College Economics Society
Career Connection
Staying updated on economic affairs enhances your analytical perspective, making you more insightful in discussions and interviews for roles in policymaking and financial journalism.
Form Peer Study Groups- (Semester 1-2)
Collaborate with classmates to solve problems, discuss complex theories, and prepare for exams. Utilize shared online platforms (e.g., Google Drive, WhatsApp groups) for resource sharing and joint project work. Peer learning reinforces understanding, exposes diverse perspectives, and develops essential teamwork and communication skills, highly valued in professional environments.
Tools & Resources
Google Drive, WhatsApp Groups, University Library Study Spaces
Career Connection
Effective collaboration skills honed in study groups are directly transferable to professional team settings, improving your employability and career progression in any sector.
Intermediate Stage
Master Statistical Software for Econometrics- (Semester 3-5)
Gain hands-on proficiency in statistical software packages like R, Python (with libraries like pandas, numpy, statsmodels), or Stata. Enroll in online courses (e.g., Coursera, Udemy) or college-organized workshops to learn data manipulation, regression analysis, and hypothesis testing. This practical skill is indispensable for data analyst and research roles, significantly boosting placement prospects.
Tools & Resources
R/RStudio, Python (with Jupyter Notebook, Pandas, NumPy, Statsmodels), Stata, Coursera, Udemy
Career Connection
Proficiency in statistical software is a critical skill for roles in data analytics, market research, and economic consulting, making you highly valuable to employers.
Pursue Relevant Internships- (Semester 3-5)
Actively seek out internships at research organizations, NGOs focusing on economic development, public policy think tanks, or financial institutions during summer breaks. Leverage the college placement cell, department networks, and professional networking platforms like LinkedIn. Practical experience applies classroom learning, builds professional networks, and often leads to pre-placement offers, accelerating career entry.
Tools & Resources
College Placement Cell, LinkedIn, Internshala, Official websites of NITI Aayog, RBI, commercial banks
Career Connection
Internships provide real-world exposure, allowing you to apply economic principles, build a professional network, and gain a competitive edge in the job market, often leading to full-time roles.
Participate in Economic Competitions and Debates- (Semester 3-5)
Actively engage in inter-college economics quizzes, essay writing competitions, paper presentation contests, and policy debates. Join the college''''s economics club to organize and participate in such events. These activities enhance analytical thinking, public speaking, and presentation skills, making students more competitive for higher studies and impactful career roles in policymaking or journalism.
Tools & Resources
College Economics Club, Inter-college festival opportunities, Debating societies
Career Connection
Participation in competitions hones problem-solving and communication skills, vital for roles requiring critical analysis and articulate presentation, such as consulting or research.
Advanced Stage
Develop a Research Project/Dissertation- (Semester 6-8)
Work closely with a faculty mentor on a self-chosen research topic, leveraging the knowledge gained from econometrics and advanced theory. Focus on rigorous data collection, robust analysis, and clear academic writing. A well-executed project demonstrates independent research capability, a key requirement for postgraduate studies and specialized research positions in think tanks or academia.
Tools & Resources
Faculty mentors, University Library databases (JSTOR, EBSCO), Statistical software (R, Python, Stata), Academic writing guides
Career Connection
A strong research project showcases your analytical depth and ability to contribute original insights, highly valued in advanced research positions and for admission to prestigious master''''s/PhD programs.
Network with Industry Professionals and Alumni- (Semester 6-8)
Attend seminars, workshops, and alumni meets organized by the college or department. Actively connect with professionals on LinkedIn, seeking informational interviews, mentorship, and career advice. Strong professional networks open doors to exclusive job opportunities, provide valuable insights into industry trends, and facilitate smoother transitions into desired career paths post-graduation.
Tools & Resources
LinkedIn, College Alumni Association, Industry conferences and webinars, Departmental career events
Career Connection
Networking is crucial for uncovering hidden job opportunities, gaining industry insights, and securing mentorship that can accelerate your career trajectory in India''''s competitive market.
Prepare Strategically for Placements/Higher Studies- (Semester 6-8)
Identify target companies/universities and tailor resumes/SOPs accordingly. Practice aptitude tests, group discussions, and technical interviews relevant to economic roles. Utilize career counseling services and participate in mock interview sessions offered by the college. This structured and focused preparation maximizes chances of securing coveted placements or admissions to top national and international institutions for further studies.
Tools & Resources
College Career Counseling Cell, Online aptitude test platforms, Mock interview services, Current affairs resources for general knowledge rounds
Career Connection
Targeted preparation enhances your interview performance and application quality, directly leading to better job offers or admissions to highly sought-after postgraduate programs, ensuring a strong career start.
Program Structure and Curriculum
Eligibility:
- Candidates must have passed 10+2 (or equivalent) examination with Mathematics as one of the subjects, meeting the minimum aggregate percentage criterion set by the University of Delhi for admission to B.A. (Hons) Economics.
Duration: 4 years (8 semesters), with exit option after 3 years (6 semesters)
Credits: 176 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO-CC-101 | Introductory Microeconomics | Core | 4 | Supply and Demand, Consumer Behavior, Production and Cost Theory, Market Structures, Welfare Economics, Elasticity |
| BAECO-CC-102 | Introductory Macroeconomics | Core | 4 | National Income Accounting, Economic Growth, Inflation and Unemployment, Fiscal Policy, Monetary Policy, Aggregate Demand and Supply |
| BAECO-GE-101 | Generic Elective 1 | Generic Elective | 4 | Choice from a specified pool of subjects across disciplines (e.g., Mathematics for Economics, Introduction to Psychology, English Literature, History). |
| BAECO-AECC-101 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Natural Resources, Ecosystems, Biodiversity and Conservation, Environmental Pollution, Climate Change, Environmental Ethics |
| BAECO-VAC-101 | Value Addition Course 1 | Value Addition Course | 2 | Choice from various options (e.g., Academic Reading and Writing, Financial Literacy, Art of Being Happy, Constitution of India). |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO-CC-203 | Intermediate Microeconomics I | Core | 4 | Consumer Theory, Production Theory, Cost Functions, Perfect Competition, Monopoly, Welfare |
| BAECO-CC-204 | Intermediate Macroeconomics I | Core | 4 | IS-LM Model, Consumption and Investment, Business Cycles, Aggregate Demand Management, Open Economy Macroeconomics, Keynesian vs Classical |
| BAECO-GE-202 | Generic Elective 2 | Generic Elective | 4 | Choice from a specified pool of subjects across disciplines. |
| BAECO-SEC-201 | Skill Enhancement Course 1 | Skill Enhancement Course | 2 | Choice from various options (e.g., Data Analysis, Research Methods, Presentation Skills, Financial Modeling). |
| BAECO-VAC-202 | Value Addition Course 2 | Value Addition Course | 2 | Choice from various options. |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO-CC-305 | Intermediate Microeconomics II | Core | 4 | General Equilibrium, Welfare Economics, Market Failure, Asymmetric Information, Externalities and Public Goods, Game Theory Introduction |
| BAECO-CC-306 | Intermediate Macroeconomics II | Core | 4 | Economic Growth Models, Open Economy Macroeconomics, Exchange Rates, International Capital Flows, Global Imbalances, Monetary and Fiscal Policy Effectiveness |
| BAECO-CC-307 | Introductory Econometrics | Core | 4 | Simple Linear Regression, Multiple Regression Analysis, Ordinary Least Squares (OLS), Hypothesis Testing, Violations of OLS Assumptions, Dummy Variables |
| BAECO-GE-303 | Generic Elective 3 | Generic Elective | 4 | Choice from a specified pool of subjects across disciplines. |
| BAECO-SEC-302 | Skill Enhancement Course 2 | Skill Enhancement Course | 2 | Choice from various options. |
| BAECO-VAC-303 | Value Addition Course 3 | Value Addition Course | 2 | Choice from various options. |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO-CC-408 | Mathematical Methods for Economics I | Core | 4 | Functions and Graphs, Differentiation, Integration, Optimization, Linear Algebra, Matrix Operations |
| BAECO-CC-409 | Statistical Methods for Economics | Core | 4 | Probability Theory, Random Variables, Probability Distributions, Sampling Distributions, Estimation, Hypothesis Testing |
| BAECO-CC-410 | Indian Economy I | Core | 4 | Indian Economic Development, Agriculture Sector, Industrial Sector, Services Sector, Poverty and Inequality, Economic Planning |
| BAECO-GE-404 | Generic Elective 4 | Generic Elective | 4 | Choice from a specified pool of subjects across disciplines. |
| BAECO-SEC-403 | Skill Enhancement Course 3 | Skill Enhancement Course | 2 | Choice from various options. |
| BAECO-VAC-404 | Value Addition Course 4 | Value Addition Course | 2 | Choice from various options. |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO-CC-511 | Mathematical Methods for Economics II | Core | 4 | Dynamic Systems, Differential Equations, Difference Equations, Linear Programming, Game Theory, Input-Output Analysis |
| BAECO-CC-512 | Indian Economy II | Core | 4 | Fiscal Policy in India, Monetary Policy in India, Foreign Trade and Investment, Financial Sector Reforms, Labour Market, Economic Reforms since 1991 |
| BAECO-DSE-501 | Discipline Specific Elective 1 | Elective | 4 | Choice from a pool of specific papers like Development Economics I, Public Economics, Financial Economics, International Economics, Environmental Economics, Economic History of India. |
| BAECO-DSE-502 | Discipline Specific Elective 2 | Elective | 4 | Choice from the same DSE pool as DSE 1 (must be different from DSE 1). |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO-CC-613 | Development Economics I | Core | 4 | Theories of Economic Development, Poverty and Inequality, Human Capital, Population Dynamics, Agriculture and Rural Development, Industrialization Strategies |
| BAECO-CC-614 | Public Economics | Core | 4 | Public Goods and Externalities, Theories of Taxation, Public Expenditure, Budgeting and Fiscal Policy, Fiscal Federalism, Cost-Benefit Analysis |
| BAECO-DSE-603 | Discipline Specific Elective 3 | Elective | 4 | Choice from the DSE pool (must be different from DSE 1, 2). |
| BAECO-DSE-604 | Discipline Specific Elective 4 | Elective | 4 | Choice from the DSE pool (must be different from DSE 1, 2, 3). |
| BAECO-INT-601 | Internship/Apprenticeship/Project | Internship/Project | 4 | Research Methodology, Data Collection and Analysis, Report Writing, Presentation Skills, Practical Application of Economic Concepts |
Semester 7
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO-CC-715 | Development Economics II | Core | 4 | Globalisation and Development, International Trade and Aid, Microfinance, Health and Education in Development, Gender and Development, Sustainable Development Goals |
| BAECO-CC-716 | Applied Econometrics | Core | 4 | Panel Data Econometrics, Limited Dependent Variable Models, Time Series Econometrics, Forecasting, Instrumental Variables, Policy Evaluation using Econometrics |
| BAECO-DSE-705 | Discipline Specific Elective 5 | Elective | 4 | Choice from advanced DSE pool for 4th year (e.g., Advanced Microeconomics, Advanced Macroeconomics, Financial Econometrics, Time Series Analysis, Urban Economics, Rural Economics). |
| BAECO-DSE-706 | Discipline Specific Elective 6 | Elective | 4 | Choice from the same advanced DSE pool (must be different from DSE 5). |
Semester 8
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAECO-CC-817 | Public Finance | Core | 4 | Fiscal Policy Tools, Budget Deficits and Public Debt, Social Security Programs, Local Government Finance, Tax Reforms, Government Intervention |
| BAECO-CC-818 | International Economics | Core | 4 | Theories of International Trade, Trade Policy (Tariffs, Quotas), Exchange Rate Regimes, Balance of Payments, International Financial Markets, Trade Agreements |
| BAECO-RPR-801 | Research Project/Dissertation | Project | 12 | Literature Review, Research Design and Methodology, Data Analysis (Quantitative/Qualitative), Thesis Writing and Formatting, Oral Presentation, Academic Ethics |
