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BA in Economics at Reshmi Degree College
Kalaburagi, Karnataka
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About the Specialization
What is Economics at Reshmi Degree College Kalaburagi?
This BA Economics program at Reshmi Degree College, affiliated with Gulbarga University, offers a comprehensive study of economic principles and their real-world applications. Rooted in the National Education Policy, it delves into micro and macroeconomics, development, international trade, and quantitative methods. It prepares students for diverse roles in India''''s rapidly evolving economic landscape, focusing on both theoretical depth and practical relevance.
Who Should Apply?
This program is ideal for fresh graduates with a keen interest in economic theory and policy, aspiring to careers in research, analysis, or public service. It also suits individuals seeking to understand the intricate dynamics of the Indian and global economies. Strong analytical and problem-solving skills are beneficial for success in this rigorous curriculum.
Why Choose This Course?
Graduates can pursue careers as economic analysts, data scientists, policy researchers, or consultants in India. Entry-level salaries range from INR 3-5 LPA, growing significantly with experience. Opportunities exist in government bodies, think tanks, financial institutions, and NGOs, contributing to India''''s economic growth and policy formulation.
Student Success Practices
Foundation Stage
Build Strong Conceptual Foundations- (Semester 1-2)
Focus on deeply understanding core micro and macro-economic principles, demand-supply dynamics, and national income accounting. Regularly attend lectures, engage in discussions, and use supplementary resources like NPTEL videos or online economics courses from platforms like Coursera/edX for clarity.
Tools & Resources
Textbooks by Mankiw, Samuelson, Dornbusch, NPTEL lectures, Khan Academy Economics, Peer study groups
Career Connection
A solid conceptual base is crucial for advanced economic analysis, essential for roles in research and policy analysis.
Develop Quantitative Skills Early- (Semester 1-2)
Begin practicing basic mathematical and statistical concepts relevant to economics, such as algebra, calculus basics, and elementary statistics. Utilize online tools and problem sets to reinforce learning, preparing for advanced subjects like Statistical Methods for Economics.
Tools & Resources
NCERT Maths for Class 11/12, Khan Academy Maths, Basic R/Python tutorials for data handling
Career Connection
Strong quantitative skills are highly valued in economic consulting, data analysis, and financial roles.
Cultivate Economic Reading Habits- (Semester 1-2)
Beyond textbooks, regularly read economic news, articles, and reports from reputable Indian sources like The Economic Times, Livemint, Business Standard, or RBI bulletins. This helps contextualize theoretical knowledge with current events and policy discussions in India.
Tools & Resources
Leading Indian financial newspapers, RBI website, NITI Aayog publications, Podcasts on Indian economy
Career Connection
Keeps students updated on market trends and policy changes, crucial for interviews and industry discussions.
Intermediate Stage
Apply Statistical Methods to Indian Data- (Semester 3-5)
Utilize statistical software (e.g., Excel, R, SPSS) to analyze real-world Indian economic data from sources like the National Sample Survey Office (NSSO), Ministry of Statistics and Programme Implementation (MOSPI), or RBI. Work on mini-projects to interpret economic trends.
Tools & Resources
Excel, R/Python for basic data analysis, MOSPI data portal, RBI data
Career Connection
Practical data analysis skills are essential for roles in economic research, market intelligence, and policy formulation.
Engage with Indian Economic Policy Discussions- (Semester 3-5)
Participate in college debates, seminars, or online forums discussing current Indian economic policies (e.g., budget, monetary policy, sectoral reforms). Critically analyze the impact of these policies on various sectors and populations.
Tools & Resources
Economic Survey of India, Union Budget documents, Policy briefs from Indian think tanks
Career Connection
Develops critical thinking and communication skills, vital for roles in public policy, journalism, and advocacy.
Pursue Summer Internships- (Semester 3-5)
Actively seek summer internships in NGOs focused on development, local research organizations, small financial firms, or government departments. Even short, unpaid internships offer invaluable practical exposure to economic concepts in a real-world Indian context.
Tools & Resources
College placement cell, LinkedIn, Internshala, Local business directories
Career Connection
Provides hands-on experience, networking opportunities, and a strong resume builder for future placements.
Advanced Stage
Specialize and Deepen Elective Knowledge- (Semester 6-8)
Choose DSEs (like Econometrics, Financial Economics, Agricultural Economics) strategically based on career aspirations. Delve deeper into these chosen areas through advanced readings, online courses, and research papers, positioning yourself as a specialist.
Tools & Resources
Advanced textbooks in chosen fields, Academic journals, NPTEL advanced courses, Coursera/edX specializations
Career Connection
Creates a focused profile, enhancing employability for specialized roles in finance, research, or sectoral analysis.
Undertake an Independent Research Project- (Semester 7-8)
For the Major Research Project/Dissertation, select a significant Indian economic issue. Conduct thorough literature review, collect and analyze data (primary or secondary), and present findings clearly. This demonstrates independent research capability.
Tools & Resources
Academic databases (JSTOR, Google Scholar), Statistical software (Stata, R, Python), Guidance from faculty mentors
Career Connection
Essential for postgraduate studies (MA, PhD) and research-oriented positions in academia, think tanks, or government.
Prepare for Higher Education/Job Market- (Semester 7-8)
Dedicate time for competitive exam preparation (e.g., UPSC Civil Services, RBI Grade B, IES, entrance exams for MA Economics) or placement preparation (resume building, interview skills, aptitude tests). Network with alumni for career guidance.
Tools & Resources
Coaching institutes, Online test series, Mock interviews, Career counselors, Alumni network
Career Connection
Directly translates to successful placements in desired sectors or admission to prestigious postgraduate programs in India.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 4 years / 8 semesters
Credits: Credits not specified
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 1.1 | Principles of Microeconomics – I | Discipline Specific Core (Major) | 4 | Introduction to Economics, Demand and Supply Analysis, Theory of Consumer Behaviour, Production and Cost Analysis, Market Structures |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 2.1 | Principles of Macroeconomics – I | Discipline Specific Core (Major) | 4 | Introduction to Macroeconomics, National Income Accounting, Theories of Employment, Consumption and Investment Functions, Money and Inflation |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 3.1 | Statistical Methods for Economics | Discipline Specific Core (Major) | 4 | Introduction to Statistics, Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression Analysis |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 4.1 | Indian Economy – I | Discipline Specific Core (Major) | 4 | Basic Characteristics of Indian Economy, Economic Planning in India, Agriculture Sector, Industrial Sector, Service Sector, Population and Human Development |
| EC 4.2 | Principles of Economics | Open Elective | 4 | Basic Economic Problems, Demand and Supply, Consumer Behavior, Production and Costs, Market Forms, National Income |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 5.1 | Development Economics – I | Discipline Specific Core (Major) | 4 | Concepts of Economic Development and Growth, Theories of Economic Development, Poverty and Inequality, Role of Agriculture and Industry, Human Capital |
| EC 5.2 | International Economics – I | Discipline Specific Core (Major) | 4 | Theories of International Trade, Terms of Trade, Trade Policy and Commercial Policy, Balance of Payments, Foreign Exchange Market |
| EC 5.3A | Mathematical Economics | Discipline Specific Elective (Major) | 4 | Basic Mathematical Concepts, Differential Calculus, Optimization Techniques, Applications in Consumer Theory, Production Theory |
| EC 5.3B | History of Economic Thought | Discipline Specific Elective (Major) | 4 | Ancient Economic Thought, Mercantilism and Physiocracy, Classical Economics, Marxist Economics, Neoclassical Economics |
| EC 5.4A | Environmental Economics | Discipline Specific Elective (Major) | 4 | Introduction to Environmental Economics, Environmental Problems, Market Failure and Externalities, Valuation of Environmental Goods, Environmental Policies |
| EC 5.4B | Public Economics | Discipline Specific Elective (Major) | 4 | Role of Government in Economy, Public Goods and Externalities, Public Revenue and Taxation, Public Expenditure, Public Debt and Fiscal Policy |
| EC 5.5 | Indian Economic Policy | Open Elective | 4 | Major Policy Reforms, Agricultural Policy, Industrial Policy, Fiscal and Monetary Policy, Social Sector Policies, Liberalization, Privatization, Globalization |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 6.1 | Development Economics – II | Discipline Specific Core (Major) | 4 | Strategies for Development, Trade and Development, Foreign Aid, Technology Transfer, Human Resource Development, Sustainable Development |
| EC 6.2 | International Economics – II | Discipline Specific Core (Major) | 4 | Foreign Trade Multiplier, Exchange Rate Systems, International Monetary System, Regional Economic Groupings, WTO and Trade Liberalization |
| EC 6.3A | Econometrics | Discipline Specific Elective (Major) | 4 | Nature and Scope of Econometrics, Simple Linear Regression Model, Multiple Regression Analysis, Problems in Regression Analysis, Dummy Variables |
| EC 6.3B | Welfare Economics | Discipline Specific Elective (Major) | 4 | Introduction to Welfare Economics, Pareto Optimality, Social Welfare Functions, Theories of Justice, Market Failure and Public Policy |
| EC 6.4A | Agricultural Economics | Discipline Specific Elective (Major) | 4 | Nature and Scope of Agricultural Economics, Structure of Indian Agriculture, Agricultural Production and Productivity, Agricultural Marketing, Agricultural Policies |
| EC 6.4B | Industrial Economics | Discipline Specific Elective (Major) | 4 | Nature and Scope of Industrial Economics, Industrial Structure, Theories of Firm, Industrial Growth, Industrial Policies in India |
| EC 6.5 | Money and Banking | Open Elective | 4 | Nature and Functions of Money, Theories of Money, Commercial Banking, Central Banking (RBI), Monetary Policy |
Semester 7
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 7.1 | Research Methodology for Economics | Discipline Specific Core (Honours) | 4 | Introduction to Research, Research Design, Data Collection Methods, Sampling Techniques, Data Analysis, Report Writing |
| EC 7.2 | Financial Economics | Discipline Specific Core (Honours) | 4 | Introduction to Financial Markets, Risk and Return, Portfolio Theory, Asset Pricing Models, Derivatives, Indian Financial System |
| EC 7.3A | Health Economics | Discipline Specific Elective (Honours) | 4 | Nature and Scope of Health Economics, Demand and Supply of Health Care, Health Care Financing, Health Insurance, Health Policy in India |
| EC 7.3B | Urban Economics | Discipline Specific Elective (Honours) | 4 | Nature and Scope of Urban Economics, Urbanization Trends, Land Use and Housing, Urban Transportation, Urban Environmental Problems, Urban Policy |
| EC 7.3C | Rural Economics | Discipline Specific Elective (Honours) | 4 | Nature and Scope of Rural Economics, Rural Poverty, Rural Employment, Rural Development Programs, Rural Industries, Rural Infrastructure |
| EC 7.3D | Labour Economics | Discipline Specific Elective (Honours) | 4 | Nature and Scope of Labour Economics, Labour Supply and Demand, Wage Theories, Trade Unions, Labour Market in India, Labour Welfare |
| EC 7.3E | Business Economics | Discipline Specific Elective (Honours) | 4 | Introduction to Business Economics, Demand Forecasting, Production and Cost Analysis, Pricing Strategies, Market Structures, Capital Budgeting |
| EC 7.3F | Gender Economics | Discipline Specific Elective (Honours) | 4 | Introduction to Gender Economics, Gender Inequality, Gender and Labour Markets, Gender and Education, Gender and Health, Gender and Development |
| EC 7.4 | Internship/Field Project | Project/Internship | 2 | Practical application of economic principles, Data collection and analysis, Report writing, Industry exposure, Problem-solving |
Semester 8
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 8.1 | Quantitative Techniques for Economic Analysis | Discipline Specific Core (Honours) | 4 | Advanced Calculus, Linear Algebra, Optimization Techniques, Game Theory, Input-Output Analysis, Linear Programming |
| EC 8.2 | Applied Econometrics | Discipline Specific Core (Honours) | 4 | Time Series Analysis, Panel Data Models, Limited Dependent Variable Models, Simultaneous Equation Models, Forecasting, Software Applications |
| EC 8.3A | Health Economics | Discipline Specific Elective (Honours) | 4 | Nature and Scope of Health Economics, Demand and Supply of Health Care, Health Care Financing, Health Insurance, Health Policy in India |
| EC 8.3B | Urban Economics | Discipline Specific Elective (Honours) | 4 | Nature and Scope of Urban Economics, Urbanization Trends, Land Use and Housing, Urban Transportation, Urban Environmental Problems, Urban Policy |
| EC 8.3C | Rural Economics | Discipline Specific Elective (Honours) | 4 | Nature and Scope of Rural Economics, Rural Poverty, Rural Employment, Rural Development Programs, Rural Industries, Rural Infrastructure |
| EC 8.3D | Labour Economics | Discipline Specific Elective (Honours) | 4 | Nature and Scope of Labour Economics, Labour Supply and Demand, Wage Theories, Trade Unions, Labour Market in India, Labour Welfare |
| EC 8.3E | Business Economics | Discipline Specific Elective (Honours) | 4 | Introduction to Business Economics, Demand Forecasting, Production and Cost Analysis, Pricing Strategies, Market Structures, Capital Budgeting |
| EC 8.3F | Gender Economics | Discipline Specific Elective (Honours) | 4 | Introduction to Gender Economics, Gender Inequality, Gender and Labour Markets, Gender and Education, Gender and Health, Gender and Development |
| EC 8.4 | Major Research Project / Dissertation | Project | 6 | In-depth research on an economic topic, Literature review, Methodology design, Data collection and analysis, Thesis writing, Presentation and defense |
