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MA in Economics at Shahid Mangal Pandey Rajkiya Mahila Mahavidyalaya, Ballia
Ballia, Uttar Pradesh
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About the Specialization
What is Economics at Shahid Mangal Pandey Rajkiya Mahila Mahavidyalaya, Ballia Ballia?
This MA Economics program at Shahid Mangal Pandey Rajkiya Mahila Mahavidyalaya, Ballia, affiliated with Jananayak Chandrashekhar University, focuses on developing advanced analytical and quantitative skills in economic theory and policy. The curriculum delves into micro and macroeconomics, econometrics, public finance, and international trade, providing a robust understanding of economic principles applicable to India''''s dynamic economic landscape. It aims to equip students with the necessary tools for rigorous economic analysis and policy formulation within the Indian context.
Who Should Apply?
This program is ideal for fresh graduates with a Bachelor''''s degree in Economics or a related discipline who aspire to careers in economic research, policy analysis, or academia in India. It also suits working professionals, including government employees or those in financial services, seeking to deepen their economic knowledge for career advancement. Individuals passionate about understanding and contributing to India''''s economic development and policy challenges will find this specialization particularly rewarding.
Why Choose This Course?
Graduates of this program can expect to pursue diverse career paths in India, including roles as economists in government organizations like the NITI Aayog, RBI, or statistical departments, research analysts in think tanks, or faculty in academic institutions. Entry-level salaries typically range from INR 3.5 to 6 lakhs per annum, with significant growth potential up to INR 15-20 lakhs for experienced professionals. The program also prepares students for competitive exams like UPSC Civil Services or RBI Grade B.
Student Success Practices
Foundation Stage
Master Economic Fundamentals and Quantitative Skills- (Semester 1-2)
Dedicate consistent time to thoroughly understand core micro and macro-economic theories, alongside quantitative methods like calculus, matrix algebra, and basic econometrics. Utilize online resources and textbooks beyond class notes to solidify concepts. Form study groups to discuss complex problems and clarify doubts.
Tools & Resources
NPTEL courses on Micro/Macroeconomics, Indian authors'''' textbooks (e.g., H.L. Ahuja, D.N. Dwivedi), Khan Academy for math refreshers
Career Connection
A strong theoretical and quantitative base is crucial for clearing competitive exams (UPSC, RBI) and excelling in analytical roles in research or finance.
Develop Data Interpretation and Presentation Skills- (Semester 1-2)
Actively participate in practical sessions, focusing on interpreting economic data, drawing inferences, and presenting findings clearly. Practice using basic software like MS Excel for data analysis and visualization. Seek opportunities to present your analysis in class or departmental seminars.
Tools & Resources
MS Excel, Government data portals (NSO, RBI, Ministry of Finance), Academic journals for examples of data presentation
Career Connection
Essential for roles requiring economic reporting, policy brief writing, and making data-driven decisions in any sector.
Engage with Indian Economic Policy Discussions- (Semester 1-2)
Regularly read leading Indian business newspapers (Economic Times, Business Standard) and magazines (EPW, Yojana) to understand current economic policies, debates, and challenges in India. Participate in college-level debates or discussions on contemporary economic issues.
Tools & Resources
Economic Times, Business Standard, Yojana magazine, Kurukshetra magazine, RBI Annual Reports
Career Connection
Builds awareness for policy-oriented roles in government, think tanks, and contributes to informed interview discussions.
Intermediate Stage
Specialize through Electives and Research Project- (Semester 3-4)
Carefully choose elective papers in Semester III and IV that align with your career interests (e.g., Agricultural Economics for rural development, Financial Markets for banking). Start identifying a potential dissertation topic early in Semester III and begin literature review for your Semester IV project.
Tools & Resources
J-STOR, Google Scholar, University library databases, Faculty mentors for topic guidance
Career Connection
Allows for deeper specialization, which is highly valued by employers and provides a strong foundation for advanced research or specific industry roles.
Seek Practical Industry/Research Exposure- (Semester 3-4)
Actively look for short-term internships during semester breaks, ideally in local government bodies, NGOs working on economic development, or small research firms. Even shadowing professionals for a week can provide valuable insight into real-world application of economic theories.
Tools & Resources
College placement cell, LinkedIn, Local government offices, NGOs like PRADAN, BAIF
Career Connection
Internships provide hands-on experience, build a professional network, and enhance your resume for placements or further studies.
Participate in Economic Competitions and Workshops- (Semester 3-4)
Engage in inter-college economic quiz competitions, essay writing contests on economic themes, or attend workshops on advanced statistical software (e.g., R, Python for Econometrics) or specific policy analysis. This builds confidence and showcases analytical abilities.
Tools & Resources
College notice boards for competition announcements, Online platforms like Coursera/edX for software courses
Career Connection
Demonstrates initiative, problem-solving skills, and a commitment to continuous learning, making you a more attractive candidate.
Advanced Stage
Refine Dissertation and Academic Writing- (Semester 4)
Dedicate substantial effort to your Semester IV dissertation, ensuring rigorous research, clear methodology, and precise academic writing. Seek continuous feedback from your supervisor and refine your work. Practice presenting your research findings effectively.
Tools & Resources
Mendeley/Zotero for referencing, Grammar checkers, University writing center resources (if available), Presentation software
Career Connection
The dissertation is a major academic achievement, showcasing independent research capability, critical thinking, and advanced communication skills, crucial for both research and policy roles.
Master Interview and Placement Preparation- (Semester 4)
Begin focused preparation for placements or higher studies well in advance. Practice aptitude tests, group discussions, and mock interviews, especially for roles in finance, research, or government. Network with alumni for insights into different career paths.
Tools & Resources
Online aptitude test platforms, Current affairs resources, Alumni network, College placement cell for mock interviews
Career Connection
Direct impact on securing desirable placements in India''''s job market or gaining admission to prestigious PhD programs.
Develop Professional Networking Skills- (Semester 3-4 (ongoing))
Attend webinars, conferences, and seminars organized by economic associations (e.g., Indian Economic Association) or financial bodies. Connect with professionals on platforms like LinkedIn. This helps in understanding industry trends and discovering hidden job opportunities.
Tools & Resources
LinkedIn, Professional economic associations, Industry events
Career Connection
Builds invaluable professional relationships that can lead to mentorship, job referrals, and a deeper understanding of career opportunities in India.
Program Structure and Curriculum
Eligibility:
- Graduation with Economics or equivalent from a recognized university
Duration: 2 years (4 semesters)
Credits: 96 Credits
Assessment: Internal: 25% for Theory courses; 50% for Practical/Dissertation/Project courses, External: 75% for Theory courses; 50% for Practical/Dissertation/Project courses
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MEC 101 | Micro Economic Analysis - I | Core | 4 | Theory of Consumer Behaviour, Theory of Production and Costs, Market Structures, Pricing under Imperfect Competition, Factor Pricing |
| MEC 102 | Macro Economic Analysis - I | Core | 4 | National Income Accounting, Theories of Consumption and Investment, Money Supply, Inflation, Business Cycles |
| MEC 103 | Quantitative Methods | Core | 4 | Matrix Algebra, Differential Calculus, Integration, Optimization Techniques, Linear Programming |
| MEC 104 | Indian Economic Policy - I | Core | 4 | Structure of Indian Economy, Agriculture Sector, Industrial Sector, Economic Reforms, Poverty and Inequality |
| MEC 105 | Economics of Growth and Development - I | Core | 4 | Theories of Economic Growth, Development Indicators, Poverty and Income Distribution, Human Capital, Role of State |
| MEC 106 | Micro Economics Practice | Practical | 2 | Demand-Supply Analysis, Elasticity Calculations, Cost Curves, Market Equilibrium Problems, Consumer Surplus |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MEC 201 | Micro Economic Analysis - II | Core | 4 | Welfare Economics, General Equilibrium, Market Failures, Externalities, Public Goods, Asymmetric Information |
| MEC 202 | Macro Economic Analysis - II | Core | 4 | IS-LM Model, AD-AS Model, New Classical Economics, Rational Expectations Hypothesis, Open Economy Macroeconomics |
| MEC 203 | Econometrics - I | Core | 4 | Simple and Multiple Regression, OLS Assumptions, Hypothesis Testing, Multicollinearity, Heteroscedasticity, Dummy Variables |
| MEC 204 | Indian Economic Policy - II | Core | 4 | Fiscal Policy in India, Monetary Policy in India, Foreign Trade Policy, Liberalization and Globalization, Recent Economic Issues |
| MEC 205 | Economics of Growth and Development - II | Core | 4 | Endogenous Growth Models, Sustainable Development, International Aid and Debt, Role of Institutions, Planning Models |
| MEC 206 | Macro Economics Practice | Practical | 2 | National Income Estimation, IS-LM Model Applications, Inflation Measurement, Monetary Policy Tools, Fiscal Policy Impact |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MEC 301 | Public Economics - I | Core | 4 | Public Goods and Externalities, Public Expenditure, Principles of Taxation, Fiscal Federalism, Public Debt |
| MEC 302 | International Economics - I | Core | 4 | Theories of International Trade, Tariffs and Non-Tariff Barriers, Terms of Trade, Balance of Payments, Foreign Exchange Market |
| MEC 303(A) | Agricultural Economics | Elective (Choice from Group A) | 4 | Agricultural Production, Land Reforms, Crop Insurance, Food Security, Agricultural Marketing |
| MEC 303(B) | Environmental Economics | Elective (Choice from Group A) | 4 | Environmental Valuation, Pollution Control, Climate Change, Sustainable Resource Management, Green Accounting |
| MEC 303(C) | Financial Institutions and Markets | Elective (Choice from Group A) | 4 | Money Market, Capital Market, Banking System, Financial Regulations, SEBI |
| MEC 304(A) | Demography | Elective (Choice from Group B) | 4 | Population Theories, Fertility, Mortality, Migration, Population Policy in India |
| MEC 304(B) | Urban Economics | Elective (Choice from Group B) | 4 | Urbanization Trends, Urban Infrastructure, Housing Markets, Urban Poverty, City Planning |
| MEC 304(C) | Industrial Economics | Elective (Choice from Group B) | 4 | Industrial Structure, Market Concentration, Industrial Policy, Foreign Direct Investment, Small Scale Industries |
| MEC 305(A) | History of Economic Thought | Elective (Choice from Group C) | 4 | Mercantilism, Physiocrats, Classical School, Marxian Economics, Keynesian Revolution |
| MEC 305(B) | Computer Application in Economics | Elective (Choice from Group C) | 4 | MS Excel for Data Analysis, Basic Statistical Software Introduction, Presentation Tools, Data Visualization, Economic Modeling |
| MEC 305(C) | Economics of Public Enterprises | Elective (Choice from Group C) | 4 | Role of Public Sector, Performance Evaluation, Disinvestment, Privatization, Public-Private Partnerships |
| MEC 306 | Development Economics Practical | Practical | 2 | Survey Design, Data Collection Methods, Project Appraisal, Case Studies of Development Policies, Report Writing |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MEC 401 | Public Economics - II | Core | 4 | Public Debt Management, Budgeting Process, Centre-State Financial Relations, Local Government Finance, Fiscal Reforms |
| MEC 402 | International Economics - II | Core | 4 | Exchange Rate Systems, Foreign Exchange Market Operations, International Financial Institutions (IMF, World Bank), Trade Agreements, Global Economic Issues |
| MEC 403 | Research Methodology | Core | 4 | Research Design, Data Collection Methods, Sampling Techniques, Hypothesis Formulation and Testing, Report Writing |
| MEC 404 | Dissertation/Project Work | Project | 6 | Topic Selection, Literature Review, Research Design, Data Analysis and Interpretation, Report Submission |
| MEC 405(A) | Money & Banking | Elective (Choice from Group D) | 4 | Functions of Money, Central Banking, Commercial Banking, Monetary Policy, Financial Inclusion |
| MEC 405(B) | Rural Economics | Elective (Choice from Group D) | 4 | Rural Poverty, Rural Indebtedness, Rural Credit, Rural Development Programs, Panchayati Raj |
| MEC 405(C) | Labour Economics | Elective (Choice from Group D) | 4 | Labour Market, Wage Theories, Trade Unions, Labour Welfare, Unemployment in India |
| MEC 406(A) | Welfare Economics | Elective (Choice from Group E) | 4 | Pareto Optimality, Social Welfare Functions, Income Distribution, Social Security, Equity and Efficiency |
| MEC 406(B) | Cooperative Economics | Elective (Choice from Group E) | 4 | Principles of Cooperation, Cooperative Movement in India, Types of Cooperatives, Challenges, Government Policy |
| MEC 406(C) | Regional Economics | Elective (Choice from Group E) | 4 | Theories of Regional Growth, Regional Disparities, Regional Planning, Special Economic Zones, Urban-Rural Divide |
| MEC 407(A) | Economics of Education | Elective (Choice from Group F) | 4 | Human Capital Theory, Returns to Education, Education Financing, Educational Planning, Skill Development |
| MEC 407(B) | Econometrics - II | Elective (Choice from Group F) | 4 | Time Series Models, Panel Data Models, Simultaneous Equations, Limited Dependent Variables, Forecasting |
| MEC 407(C) | Management Economics | Elective (Choice from Group F) | 4 | Demand Forecasting, Production Decisions, Pricing Strategies, Investment Decisions, Risk and Uncertainty |
