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MA in Economics at Shaheed Udham Singh Government College, Matak Majri, Indri
Karnal, Haryana
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About the Specialization
What is Economics at Shaheed Udham Singh Government College, Matak Majri, Indri Karnal?
This MA Economics program at Shaheed Udham Singh Government College, Karnal, affiliated with Kurukshetra University, offers a comprehensive study of economic theories, quantitative techniques, and their application to real-world Indian scenarios. It aims to develop advanced analytical skills, critical thinking, and a deep understanding of domestic and international economic issues, preparing students for impactful roles in policy, research, and academia.
Who Should Apply?
This program is ideal for economics graduates seeking to deepen their theoretical and empirical knowledge. It caters to fresh graduates aspiring for careers in economic analysis, research, or teaching, as well as those planning to pursue M.Phil/Ph.D. in economics. Professionals looking to enhance their understanding of economic policy and its implications in India will also find significant value.
Why Choose This Course?
Graduates can secure diverse roles in India, including economic analysts, researchers, consultants, data scientists, and policy advisors in government, think tanks, and the private sector. Entry-level salaries typically range from INR 3-6 LPA, growing with experience. The program provides a strong foundation for civil services, banking, and financial sector roles, fostering analytical and problem-solving capabilities.
Student Success Practices
Foundation Stage
Master Core Economic Theories- (Semester 1-2)
Focus on building a strong foundation in Microeconomics, Macroeconomics, and Quantitative Techniques during the initial semesters. Regularly attend lectures, engage in discussions, and solve practice problems from recommended textbooks. Form study groups to clarify concepts and prepare effectively for internal and external assessments.
Tools & Resources
Textbooks (e.g., H.L. Ahuja, D.N. Dwivedi), Kurukshetra University previous year papers, Online tutorials (e.g., NPTEL, Khan Academy), Study groups
Career Connection
A solid theoretical base is crucial for all advanced economic studies and forms the bedrock for analytical roles in policy, research, and academia, enhancing eligibility for higher studies and competitive exams.
Develop Essential Quantitative Skills- (Semester 1-2)
Pay special attention to Quantitative Techniques and apply mathematical and statistical tools to economic problems. Practice with statistical software like MS Excel for basic data analysis and visualization. Attend any available college workshops on quantitative methods to enhance practical application skills.
Tools & Resources
MS Excel, R (basic level), KUK syllabus-recommended quantitative methods books, Online data visualization tools
Career Connection
Strong quantitative skills are highly valued in modern economic roles, including data analysis, econometrics, and research, making graduates competitive for jobs in consulting, finance, and analytics firms.
Understand Indian Economic Context- (Semester 1-2)
Actively read economic newspapers (e.g., The Economic Times, Business Standard), magazines, and government reports (e.g., Economic Survey of India, RBI reports) to connect theoretical concepts with current Indian economic realities. Participate in college debates or seminars on Indian economic issues to broaden your perspective.
Tools & Resources
Economic Survey of India, RBI Bulletin, NITI Aayog reports, Reputable Indian business news publications
Career Connection
Provides crucial context for policy-oriented roles and civil services examinations, making you a more informed and relevant economist capable of contributing to India''''s development challenges.
Intermediate Stage
Deepen Specialization and Research Skills- (Semester 3-4)
Choose optional papers wisely based on your career interests and actively engage in research methodology, econometrics, and dissertation work. Utilize statistical software like SPSS, EViews, or Stata for empirical analysis. Seek extensive guidance from faculty for selecting compelling research topics and accessing relevant data sources for your dissertation.
Tools & Resources
SPSS, EViews, Stata, J-STOR, Google Scholar, Research papers, Faculty mentorship for dissertation, Library resources for economic data
Career Connection
Builds a strong profile for research-intensive roles, Ph.D. admissions, and data-driven consulting positions, showcasing your ability to conduct independent economic analysis.
Engage with Current Economic Debates & Policy- (Semester 3-4)
Participate actively in college seminars, workshops, and guest lectures on contemporary economic issues. Join economics clubs or forums to discuss national and global policy implications. Follow public policy discussions in Indian media and analyze their economic rationale, forming your own informed opinions.
Tools & Resources
Economic forums and clubs, Publications from Indian policy research institutes, TED Talks on economics and development, Public policy journals and magazines
Career Connection
Develops critical analysis skills and provides valuable insights into policymaking processes, which are essential for roles in government, NGOs, think tanks, and economic journalism in India.
Prepare for Career Transitions & Placements- (Semester 3-4)
Start preparing for competitive exams like UGC NET/JRF, UPSC (Indian Economic Service), RBI Grade B, or other banking exams. Develop strong presentation and communication skills through seminar presentations. Build a professional network by interacting with alumni and industry professionals, and actively seek internship opportunities in economic research firms or government departments.
Tools & Resources
UGC NET/JRF past papers and study materials, Career counselling services, LinkedIn for professional networking, Mock interviews and group discussions
Career Connection
Directly prepares you for employment or higher studies, maximizing placement opportunities and facilitating a smooth transition into your desired career path immediately after graduation.
Advanced Stage
Program Structure and Curriculum
Eligibility:
- B.A. with Economics (Compulsory/Elective) or equivalent with at least 45% marks OR any Graduate with 50% marks in aggregate. (As per Kurukshetra University norms)
Duration: 2 years (4 semesters)
Credits: 82 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ME-101 | Micro Economic Analysis – I | Core | 4 | Consumer Behaviour, Utility Analysis, Demand Theory, Production Theory, Cost Concepts, Perfect Competition, Monopoly |
| ME-102 | Macro Economic Analysis – I | Core | 4 | Classical Economics, Keynesian Economics, National Income Accounting, Consumption Function, Investment Function, Multiplier and Accelerator |
| ME-103 | Quantitative Techniques – I | Core | 4 | Mathematical Concepts, Functions and Derivatives, Integrals and Matrix Algebra, Measures of Central Tendency, Measures of Dispersion, Correlation |
| ME-104 | Indian Economy – I | Core | 4 | Structure of Indian Economy, Economic Planning, Agriculture Sector, Industrial Policy, Poverty and Unemployment, Economic Reforms |
| ME-105 | International Economics – I | Core | 4 | Theories of International Trade, Trade Barriers, Free Trade vs. Protection, Balance of Payments, Exchange Rate, WTO |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ME-201 | Micro Economic Analysis – II | Core | 4 | General Equilibrium, Welfare Economics, Pareto Optimality, Social Welfare Function, Externalities and Public Goods, Asymmetric Information |
| ME-202 | Macro Economic Analysis – II | Core | 4 | Theories of Money, Inflation and Phillips Curve, Business Cycles, Monetary Policy, Fiscal Policy, Rational Expectations |
| ME-203 | Quantitative Techniques – II | Core | 4 | Probability Theory, Probability Distributions, Sampling Methods, Hypothesis Testing, Regression Analysis, Time Series Analysis |
| ME-204 | Indian Economy – II | Core | 4 | Banking and Financial Sector, Fiscal Federalism, Public Finance, Foreign Trade Policy, Human Development, Service Sector Growth |
| ME-205 | Economics of Growth & Development | Core | 4 | Theories of Economic Growth, Harrod-Domar Model, Solow Model, Endogenous Growth, Poverty and Inequality, Human Development Index |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ME-301 | Public Economics – I | Core | 4 | Public Goods and Externalities, Public Expenditure, Taxation Theories, Budgeting and Fiscal Policy, Public Debt Management, Fiscal Federalism |
| ME-302 | Research Methodology & Computer Applications | Core | 4 | Research Design, Data Collection Methods, Sampling Techniques, Hypothesis Formulation, Data Analysis (Manual & Software), Report Writing |
| ME-303 | International Economics – II | Core | 4 | International Finance, Exchange Rate Regimes, Capital Flows, International Financial Institutions (IMF, World Bank), Regional Economic Groupings |
| ME-304 | Optional Paper – I (Choose one from the following) | Elective | 4 | Economics of Agriculture (Agrarian Structure, Farm Marketing), Industrial Economics (Industrial Structure, Market Concentration), Demography (Population Theories, Fertility, Mortality), History of Economic Thought (Classical, Marxism, Keynesian) |
| ME-305 | Optional Paper – II (Choose one from the following) | Elective | 4 | Computer Applications in Economic Analysis (Spreadsheets, Statistical Functions), Environmental Economics (Valuation, Pollution Control), Labour Economics (Labour Market, Wage Determination), Health Economics (Demand for Health, Health Care Financing) |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ME-401 | Public Economics – II | Core | 4 | Public Choice Theory, Government Failure, Decentralization, Local and State Finances, Inter-Governmental Fiscal Relations in India |
| ME-402 | Econometrics | Core | 4 | Classical Linear Regression Model, OLS Assumptions, Hypothesis Testing, Multicollinearity, Heteroskedasticity, Autocorrelation |
| ME-403 | Optional Paper – III (Choose one from the following) | Elective | 4 | Advanced Economic Theory (Game Theory, Asymmetric Information), Monetary Economics (Demand for Money, Monetary Policy Tools), International Finance (Exchange Rate Theories, Capital Markets), Financial Institutions & Markets (Money Market, Capital Market) |
| ME-404 | Optional Paper – IV (Choose one from the following) | Elective | 4 | Mathematical Economics (Optimization, Production Functions), Computer Applications in Economic Analysis (Spreadsheets, Econometric Software), Regional Economics (Regional Growth, Urbanization), Gender Economics (Gender and Development, Wage Differentials) |
| ME-405 | Dissertation | Project | 6 | Research Topic Selection, Literature Review, Methodology Design, Data Analysis, Thesis Writing, Viva Voce |
