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BA in Economics at Santoshi Maa Regional College, Jharbelda
Keonjhar, Odisha
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About the Specialization
What is Economics at Santoshi Maa Regional College, Jharbelda Keonjhar?
This Economics program at Santoshi Maa Regional College focuses on providing a robust foundation in economic theories and their practical application. It delves into microeconomics, macroeconomics, econometrics, and Indian economic policy, equipping students with analytical skills crucial for understanding market dynamics and national development. The curriculum emphasizes quantitative methods and policy analysis, making it highly relevant to India''''s evolving economic landscape and the growing demand for skilled economists.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into economic research, policy analysis, banking, or finance sectors. It also suits individuals passionate about understanding socio-economic issues, aspiring to careers in government services, NGOs, or further academic pursuits. Students with a strong aptitude for analytical thinking, mathematics, and a keen interest in current affairs will find this specialization particularly rewarding.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, data scientists, research associates, financial consultants, and policy advisors. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience to INR 8-15+ LPA in leading firms or government organizations. The program aligns well with competitive exams for civil services and positions in RBI, NITI Aayog, and various public and private banks.
Student Success Practices
Foundation Stage
Build Strong Mathematical & Statistical Foundations- (Semester 1-2)
Dedicate extra time to master mathematical methods for economics and introductory statistics. These quantitative skills are the backbone of advanced economics. Utilize online resources and practice problem-solving daily to solidify understanding.
Tools & Resources
NCERT Mathematics (Class 11 & 12), Khan Academy for Calculus & Statistics, Online problem sets from NPTEL courses
Career Connection
A strong quantitative base is essential for higher studies, econometrics roles, data analysis, and cracking competitive exams like UPSC, RBI Grade B, and IBPS PO.
Develop Regular Reading and Analytical Habits- (Semester 1-2)
Cultivate a habit of reading economic news, journals, and policy documents daily. Engage in critical thinking about current economic issues in India. Participate in classroom discussions and prepare short analytical summaries.
Tools & Resources
The Economic Times, Livemint, RBI Monthly Bulletin, Economic Survey of India (annual)
Career Connection
Enhances general awareness for interviews, improves policy analysis skills for government roles, and sharpens critical thinking for research positions.
Form Study Groups and Peer Learning Networks- (Semester 1-2)
Collaborate with peers to discuss complex concepts, solve problems, and prepare for exams. Teaching others reinforces your own learning and exposes you to different perspectives. Attend college-organized workshops and seminars.
Tools & Resources
College library, Dedicated study rooms, Online collaborative tools like Google Docs
Career Connection
Improves teamwork, communication skills, and networking abilities, which are highly valued in corporate and research environments during placements.
Intermediate Stage
Engage with Data Analysis Software- (Semester 3-4)
Gain hands-on experience with statistical and econometric software. Start with Excel for basic data handling, then move to specialized software. Work on small projects to apply theoretical knowledge to real-world data.
Tools & Resources
Microsoft Excel (built-in), Basic R/Python tutorials, EViews (trial versions if available)
Career Connection
Crucial for roles in business analytics, market research, and economic consulting, enhancing employability in the data-driven Indian job market.
Seek Internships and Practical Exposure- (Semester 3-5)
Look for summer internships in economic research firms, NGOs working on development, local banks, or government departments. This provides invaluable practical experience and industry insight.
Tools & Resources
Internshala, Naukri.com, College placement cell
Career Connection
Helps bridge the gap between academic learning and industry demands, building a professional network and improving placement prospects in India.
Participate in Economic Debates and Competitions- (Semester 3-5)
Actively participate in college-level or inter-college economic debates, essay competitions, and policy case study challenges. This hones presentation skills, quick thinking, and depth of economic understanding.
Tools & Resources
College Economic Forum, Inter-college fest events, Online forums like Reddit Economics
Career Connection
Boosts confidence, public speaking abilities, and resume for roles requiring strong communication and analytical skills.
Advanced Stage
Intensive Preparation for Higher Studies/Placements- (Semester 5-6)
Identify desired career paths (e.g., MA Economics, MBA, Civil Services) and start targeted preparation. Focus on advanced topics, mock interviews, and quantitative aptitude. Review core economic concepts thoroughly.
Tools & Resources
Previous year question papers for entrance exams, GRE/CAT/UPSC study materials, Career counseling sessions
Career Connection
Directly impacts success in securing admissions to top postgraduate programs or placements in competitive sectors.
Undertake a Research Project or Dissertation- (Semester 5-6)
Work on an independent research project or a dissertation under faculty guidance. Choose a topic of interest, apply econometric tools, and present findings. This showcases analytical and research capabilities.
Tools & Resources
Access to college library and online journals, Faculty mentorship, Statistical software (R, Stata)
Career Connection
Provides a significant advantage for academic admissions, research roles, and demonstrates advanced problem-solving skills to potential employers.
Network with Alumni and Industry Professionals- (Semester 5-6)
Actively engage with alumni through college events or professional platforms. Attend industry seminars, webinars, and workshops. Build connections that can offer mentorship, job leads, and career advice.
Tools & Resources
LinkedIn, Alumni Association events, Industry conferences (online/offline)
Career Connection
Crucial for job search, gaining insights into industry trends, and leveraging professional contacts for better career opportunities in India and abroad.
Program Structure and Curriculum
Eligibility:
- Pass in +2 or equivalent examination in any stream with a minimum of 40% marks in aggregate from a recognized board/council.
Duration: 3 years (6 semesters)
Credits: 140 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-I | Environmental Studies / MIL (Oriya / Alt. English) | Ability Enhancement Compulsory Course | 2 | Multidisciplinary Nature of Environmental Studies, Ecosystems, Natural Resources, Biodiversity and its Conservation, Environmental Pollution |
| ECO-C-1 | Introductory Microeconomics | Core | 6 | Introduction to Economics, Consumer Behavior, Production and Costs, Market Structures, Welfare Economics |
| ECO-C-2 | Mathematical Methods for Economics-I | Core | 6 | Basic Concepts of Mathematics for Economics, Functions and their Applications, Limit, Continuity and Differentiation, Applications of Derivatives, Optimization Problems |
| GE-I | Generic Elective - I (e.g., Principles of Political Science) | Generic Elective | 6 | Nature of Political Science, State and Sovereignty, Rights and Duties, Forms of Government, Political Ideologies |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-II | English Communication | Ability Enhancement Compulsory Course | 2 | Theory of Communication, Listening Comprehension, Speaking Skills, Reading Skills, Writing Skills |
| ECO-C-3 | Introductory Macroeconomics | Core | 6 | National Income Accounting, Determination of Output and Employment, Money and Banking, Inflation and Unemployment, Open Economy Macroeconomics |
| ECO-C-4 | Mathematical Methods for Economics-II | Core | 6 | Integration, Differential Equations, Matrix Algebra, Linear Programming, Input-Output Analysis |
| GE-II | Generic Elective - II (e.g., History of India up to 300 CE) | Generic Elective | 6 | Sources of Ancient Indian History, Indus Valley Civilization, Vedic Age and Mahajanapadas, Mauryan Empire, Post-Mauryan Developments |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-C-5 | Intermediate Microeconomics-I | Core | 6 | Consumer Theory (Advanced), Production Theory and Costs (Advanced), Perfect Competition and Monopoly, Oligopoly and Monopolistic Competition, Game Theory (Basic) |
| ECO-C-6 | Intermediate Macroeconomics-I | Core | 6 | Classical and Keynesian Systems, IS-LM Model, Aggregate Demand and Supply, Inflation, Unemployment, and Phillips Curve, Monetary and Fiscal Policies |
| ECO-C-7 | Statistical Methods for Economics | Core | 6 | Introduction to Statistics, Measures of Central Tendency and Dispersion, Probability and Probability Distributions, Correlation and Regression Analysis, Index Numbers and Time Series |
| SEC-I | Data Analysis | Skill Enhancement Course | 2 | Data Collection and Organization, Diagrammatic and Graphical Presentation, Introduction to Statistical Software (e.g., Excel), Data Interpretation, Report Generation |
| GE-III | Generic Elective - III (e.g., Indian Society) | Generic Elective | 6 | Basic Concepts of Sociology, Indian Social Structure, Social Institutions in India, Social Change in India, Contemporary Social Problems |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-C-8 | Intermediate Microeconomics-II | Core | 6 | General Equilibrium and Welfare, Efficiency and Equity, Asymmetric Information, Externalities and Public Goods, Behavioral Economics |
| ECO-C-9 | Intermediate Macroeconomics-II | Core | 6 | Advanced IS-LM Analysis, Theories of Consumption and Investment, Economic Growth Models, New Classical and New Keynesian Economics, Rational Expectations |
| ECO-C-10 | Introductory Econometrics | Core | 6 | Nature and Scope of Econometrics, Simple Linear Regression Model, Multiple Regression Analysis, Violations of Classical Assumptions, Dummy Variables and Forecasting |
| SEC-II | Research Methodology | Skill Enhancement Course | 2 | Research Design and Process, Types of Research, Data Collection Methods, Sampling Techniques, Hypothesis Testing and Report Writing |
| GE-IV | Generic Elective - IV (e.g., Public Administration) | Generic Elective | 6 | Introduction to Public Administration, Theories of Organization, Personnel Administration, Financial Administration, Accountability and Control |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-C-11 | Indian Economy-I | Core | 6 | Basic Characteristics of Indian Economy, Economic Planning in India, Agriculture Sector and Policy, Industrial Sector and Policy, Poverty, Inequality, and Employment |
| ECO-C-12 | Development Economics-I | Core | 6 | Concepts of Economic Development, Theories of Economic Growth, Poverty, Inequality, and Development, Human Development Index, Population and Development |
| ECO-DSE-I | Public Economics | Discipline Specific Elective | 6 | Role of Government in the Economy, Public Goods and Externalities, Theory of Taxation, Public Expenditure, Fiscal Policy and Budget |
| ECO-DSE-II | Environmental Economics | Discipline Specific Elective | 6 | Environment and Economy, Market Failure and Externalities, Valuation of Environmental Goods, Environmental Policies and Regulations, Climate Change Economics |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-C-13 | Indian Economy-II | Core | 6 | Foreign Trade and Balance of Payments, Financial Sector Reforms, Fiscal Federalism in India, Contemporary Issues in Indian Economy, Economic Reforms and Liberalization |
| ECO-C-14 | Development Economics-II | Core | 6 | Education and Health in Development, International Trade and Development, Globalization and its Impact, Sustainable Development Goals, Microfinance and Rural Development |
| ECO-DSE-III | International Economics | Discipline Specific Elective | 6 | Theories of International Trade, Terms of Trade and Gains from Trade, Trade Barriers and Economic Integration, Balance of Payments, Exchange Rate Systems |
| ECO-DSE-IV | Financial Economics | Discipline Specific Elective | 6 | Financial Markets and Institutions, Asset Pricing Models, Risk and Return, Portfolio Theory, Introduction to Derivatives |
