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B-A-ECONOMICS in Economics at Sahodaran Ayyappan Smaraka SNDP Yogam College
Pathanamthitta, Kerala
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About the Specialization
What is Economics at Sahodaran Ayyappan Smaraka SNDP Yogam College Pathanamthitta?
This Economics program at Sahodaran Ayyappan Smaraka SNDP Yogam College, affiliated with MGU, focuses on imparting a robust understanding of economic theories, principles, and their application to real-world issues. It delves into micro, macro, and international economics, alongside essential quantitative techniques. Given India''''s dynamic economy, the program’s emphasis on Indian economic development and policy relevance prepares students for diverse challenges and opportunities within the national landscape.
Who Should Apply?
This program is ideal for fresh graduates from high school (10+2) with a keen interest in understanding economic systems, policy-making, and market dynamics. It suits students aspiring for careers in government services, banking, financial analysis, research, or further academic pursuits like M.A. Economics or MBA. Individuals with strong analytical skills and a curiosity about societal resource allocation will thrive.
Why Choose This Course?
Graduates can expect diverse career paths in India, including roles as economists, analysts, statisticians, or researchers in government, PSUs, RBI, NITI Aayog, and private sectors like financial institutions and consulting firms. Entry-level salaries typically range from INR 3-6 lakhs annually, with significant growth potential into senior analyst or policy advisor roles. The program also serves as a strong foundation for competitive exams (UPSC, banking) and higher education.
Student Success Practices
Foundation Stage
Build Strong Conceptual Foundations- (Semester 1-2)
Focus on thoroughly understanding basic microeconomic and macroeconomic principles, along with foundational English and language skills. Regularly review class notes, form study groups, and utilize standard textbooks beyond lecture material. Participate actively in discussions to clarify doubts.
Tools & Resources
NPTEL courses on basic economics, Khan Academy, NCERT economics textbooks, MGU library resources
Career Connection
A strong foundation is crucial for advanced economics courses and competitive exams, helping to build analytical rigor required for any economics-related career.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Pay close attention to mathematical and statistical concepts introduced in economics and complementary courses. Practice problem-solving regularly. Utilize online tutorials for basic calculus, algebra, and statistics relevant to economics to strengthen your base.
Tools & Resources
Wolfram Alpha, specific math/stats YouTube channels, supplementary problem books, peer tutoring
Career Connection
Essential for higher studies in economics, data analysis roles, and understanding complex economic models crucial for policymaking and market analysis.
Engage in Economic News and Current Affairs- (Semester 1-2)
Read economic newspapers (e.g., The Economic Times, Business Standard) and reputable online financial news portals daily. Follow key economic indicators and policy announcements in India. Discuss current economic events with peers and faculty to broaden your perspective.
Tools & Resources
Livemint, The Hindu Business Line, RBI website, NITI Aayog reports
Career Connection
Develops awareness of the practical application of economic theories, crucial for interviews, competitive exams, and careers in policy, journalism, or financial services.
Intermediate Stage
Master Quantitative Techniques and Software- (Semester 3-5)
Deepen understanding of econometrics, statistics, and mathematical economics. Start learning basic statistical software packages like R, Python (Pandas/Numpy), or EViews/Stata for practical data analysis applications in economics.
Tools & Resources
Online courses (Coursera, edX) for R/Python for Data Science, MGU Department labs (if available), NPTEL modules on econometrics
Career Connection
Highly sought-after skill for research, data analyst, and financial modeling roles in banking, consultancy, and government sectors in India.
Seek Internships and Field Exposure- (Semester 3-5)
Actively search for internships with NGOs, local businesses, research institutions, or government departments during summer breaks. Even unpaid internships offer invaluable practical exposure to economic challenges and real-world data collection.
Tools & Resources
LinkedIn, Internshala, college placement cell, direct outreach to local organizations
Career Connection
Builds practical experience, enhances CV, creates networking opportunities, and helps clarify career interests, making you more employable.
Participate in Economic Debates and Competitions- (Semester 3-5)
Join economic clubs, participate in inter-collegiate quizzes, essay competitions, and debates on economic policy. Organize mock parliamentary sessions or policy discussions within the college to hone your public speaking and critical thinking.
Tools & Resources
College literary and debate clubs, national economic forums, MGU youth festivals
Career Connection
Develops critical thinking, communication, and public speaking skills, essential for leadership roles and conveying complex economic ideas effectively.
Advanced Stage
Undertake a Robust Research Project- (Semester 6)
Invest significant effort into the final year project. Choose a relevant economic topic, conduct thorough research (primary/secondary data), apply appropriate analytical tools, and prepare a well-structured report. Seek regular guidance from faculty mentors.
Tools & Resources
Academic databases (JSTOR, ResearchGate), statistical software, MGU library''''s research support
Career Connection
Demonstrates independent research capability, a key requirement for advanced degrees and research-oriented positions in academia, think tanks, and corporate strategy.
Prepare Strategically for Placements and Higher Education- (Semester 6)
Identify target job roles or higher education programs (MA Economics, MBA) early. Tailor your resume, practice interview skills, and prepare for entrance exams (e.g., JNU, Delhi School of Economics, CAT). Attend career counseling sessions offered by the college.
Tools & Resources
Career services cell, online interview preparation platforms, previous year question papers for entrance exams
Career Connection
Directly impacts placement success, admission to top universities, and smooth transition into the desired career path or academic journey.
Network with Professionals and Alumni- (Semester 6)
Attend webinars, seminars, and industry events related to economics. Connect with alumni of the college and MGU working in relevant fields through LinkedIn or alumni networks. Seek mentorship and insights into career opportunities and industry trends.
Tools & Resources
LinkedIn, MGU alumni groups, industry conferences and workshops (online/offline)
Career Connection
Opens doors to referrals, informational interviews, and hidden job markets, providing a significant advantage in career advancement and professional growth.
Program Structure and Curriculum
Eligibility:
- Pass in 10+2 or equivalent examination from a recognized board.
Duration: 6 semesters / 3 years
Credits: 120 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN1CC01T | Readings in English | Common | 3 | Prose selections, Language skills and grammar, Reading comprehension, Vocabulary building, Communication strategies |
| EN1CC02T | Readings in Literature | Common | 3 | Poetic forms and analysis, Literary appreciation, Critical reading of short fiction, Introduction to literary genres, Themes in literature |
| ML1CC01T | Common Additional Language I (e.g., Malayalam/Hindi) | Common | 4 | Prose and poetry selections, Grammar and usage, Translation practice, Communicative competence, Cultural context |
| EC1CRT01 | Microeconomics I | Core | 4 | Basic economic problems, Consumer behavior theories, Demand and supply analysis, Elasticity concepts, Market structure introduction |
| HI1CM01T | Social Formations in Pre-Modern India | Complementary | 3 | Stone Age and early settlements, Indus Valley Civilization, Vedic Age and its impact, Mauryan and Gupta Empires, Post-Gupta developments |
| PS1CM01T | Introduction to Political Science | Complementary | 3 | Definition and scope of Political Science, State and its elements, Sovereignty and law, Liberty, equality, justice, Forms of government |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN2CC03T | Readings on Indian Constitution, Secularism and Sustainable Environment | Common | 3 | Features of Indian Constitution, Fundamental Rights and Duties, Concept of Secularism, Environmental concerns in India, Sustainable development goals |
| EN2CC04T | Readings on Life Skills and Professional Communication | Common | 3 | Soft skills development, Professional communication strategies, Presentation techniques, Interview skills, Group discussion essentials |
| ML2CC02T | Common Additional Language II (e.g., Malayalam/Hindi) | Common | 4 | Modern literary forms, Literary criticism basics, Advanced grammar, Essay and report writing, Language proficiency |
| EC2CRT02 | Macroeconomics I | Core | 4 | National income accounting, Classical economic theory, Keynesian theory of income and employment, Consumption and investment functions, Money and banking introduction |
| HI2CM02T | Cultural Transitions in Pre-Modern India | Complementary | 3 | Major religious movements, Art and architecture evolution, Educational systems, Science and technology advancements, Social structures and changes |
| PS2CM02T | Concepts in Political Theory | Complementary | 3 | Justice theories, Equality and its dimensions, Liberty concepts, Rights and duties, Power and authority |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN3CC05T | Literature and Contemporary Issues | Common | 3 | Climate change in literature, Human rights narratives, Gender studies perspectives, Globalization impacts, Literary responses to societal issues |
| EC3CRT03 | Quantitative Techniques for Economic Analysis I | Core | 4 | Basic mathematics for economists, Functions and graphs, Differential calculus applications, Matrix algebra basics, Optimization in economics |
| HI3CM03T | Modern India in Transition | Complementary | 3 | Establishment of British Colonialism, Indian National Movement, Social and religious reform movements, Partition of India, Early decades of independent India |
| PS3CM03T | Indian Government and Politics | Complementary | 3 | Framing of the Indian Constitution, Federalism in India, Parliamentary system, Indian Judiciary, Elections and political parties |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN4CC06T | Academic Writing and Presentation Skills | Common | 3 | Research paper writing, Essay structuring, Referencing and citation, Effective presentation design, Public speaking techniques |
| EC4CRT04 | Quantitative Techniques for Economic Analysis II | Core | 4 | Probability theory, Probability distributions, Sampling methods, Hypothesis testing, Correlation and regression analysis |
| HI4CM04T | Landmarks in World History | Complementary | 3 | Renaissance and Reformation, Industrial Revolution, World Wars and their aftermath, Cold War era, Globalization and recent trends |
| PS4CM04T | Public Administration | Complementary | 3 | Meaning and scope of Public Administration, Bureaucracy and civil services, Public policy formulation, Accountability and control, Local self-government |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC5CRT05 | Microeconomics II | Core | 4 | Production theory, Cost analysis, Market structures (monopoly, oligopoly), Factor pricing, Welfare economics basics |
| EC5CRT06 | Macroeconomics II | Core | 4 | IS-LM model, Theories of inflation, Unemployment types and causes, Business cycles, Monetary and fiscal policies |
| EC5CRT07 | Indian Economy | Core | 4 | Economic planning in India, Agriculture sector performance, Industrial and service sector growth, Poverty and unemployment challenges, Economic reforms and policies |
| EC5CRT08 | History of Economic Thought | Core | 4 | Mercantilism and Physiocracy, Classical school (Smith, Ricardo), Marxian economic theory, Neo-classical economics, Keynesian revolution and modern thought |
| EC5OPT01 | General Economics | Open | 3 | Basic economic concepts, Microeconomic principles, Macroeconomic principles, Current Indian economic issues, Global economic overview |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC6CRT09 | International Economics | Core | 4 | Theories of international trade, Balance of payments, Foreign exchange markets, Trade policies and protectionism, International economic organizations |
| EC6CRT10 | Public Finance | Core | 4 | Public expenditure theories, Sources of public revenue, Principles of taxation, Public debt management, Fiscal policy and its objectives |
| EC6CRT11 | Development Economics | Core | 4 | Economic growth and development theories, Characteristics of underdevelopment, Poverty and inequality issues, Human development indicators, Development strategies and policies |
| EC6CRT12 | Environmental Economics | Core | 4 | Environmental problems and externalities, Market failure and environmental goods, Valuation of environmental resources, Environmental policies and regulations, Sustainable development concepts |
| EC6ECT01 | Financial Economics | Elective | 3 | Financial markets and institutions, Financial instruments, Risk and return analysis, Portfolio theory basics, Capital markets and derivatives |
| EC6PRO | Project | Project | 4 | Research methodology, Data collection techniques, Data analysis methods, Report writing and structure, Presentation skills |
