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M-A in Economics at Shree J.S. Parmar Arts & Commerce College
Gir Somnath, Gujarat
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About the Specialization
What is Economics at Shree J.S. Parmar Arts & Commerce College Gir Somnath?
This Economics program at Shree J.S. Parmar Arts & Commerce College, affiliated with BKNMU, focuses on advanced economic theories and their application to real-world challenges, particularly within the Indian context. It delves into micro and macro-economic principles, quantitative techniques, and policy analysis relevant to India''''s dynamic economy. The program aims to equip students with analytical skills demanded by research, public policy, and corporate sectors in India.
Who Should Apply?
This program is ideal for Bachelor''''s graduates in Economics or related fields aspiring to careers in economic research, policy analysis, financial services, or teaching. It suits individuals keen on understanding complex economic phenomena and contributing to India''''s socio-economic development. Working professionals seeking to enhance their analytical capabilities for roles in government or private sector consultancies can also benefit from this specialized curriculum.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economists, policy analysts, researchers, financial analysts, and consultants. Entry-level salaries typically range from INR 3.5 LPA to 6 LPA, with significant growth potential up to INR 15 LPA or more with experience in leading organizations. The program aligns with skill sets required for competitive exams like UPSC, RBI Grade B, and other government sector positions, offering a strong academic foundation.
Student Success Practices
Foundation Stage
Master Core Economic Concepts- (Semester 1-2)
Focus intensely on understanding fundamental micro and macroeconomics, as well as quantitative techniques. Regularly review lecture notes, solve problem sets, and engage in group discussions to solidify foundational knowledge. Utilize library resources and online tutorials for deeper understanding of economic principles.
Tools & Resources
Textbooks (e.g., Varian, Mankiw, Dornbusch), NPTEL courses for Economics, Online problem-solving platforms like Khan Academy
Career Connection
A strong foundation is crucial for advanced subjects and performing well in competitive exams for government and research roles like RBI, UPSC, or IES.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Practice regularly with statistical software and econometric tools. Attend workshops on data analysis and interpretation. Form study groups to tackle complex quantitative problems and discuss economic models critically. This is vital for applied economics and research.
Tools & Resources
R/Python for Econometrics, Excel for data analysis, Eviews/Stata (if available in labs)
Career Connection
These skills are highly valued in roles like data analyst, financial analyst, and economic researcher in both private and public sectors across India.
Engage with Indian Economic News & Debates- (Semester 1-2)
Read leading Indian financial newspapers, economic journals, and reputable online platforms daily. Participate in college debates or seminars on contemporary Indian economic issues to build critical thinking and communication skills relevant to policy discussions and current affairs.
Tools & Resources
The Economic Times, Livemint, Business Standard, EPW (Economic and Political Weekly)
Career Connection
Helps in understanding practical applications of economic theory, essential for policy analysis, economic journalism, and public administration careers in India.
Intermediate Stage
Undertake Mini-Research Projects- (Semester 3)
Collaborate with faculty or peers on small research projects, even if informal. This could involve data collection, literature review, or a small analytical report on a local economic issue. This builds practical research experience early on and prepares for the final project.
Tools & Resources
University research databases, Google Scholar, Reference management software like Zotero
Career Connection
Prepares for the mandatory project in Semester 4 and strengthens candidacy for research-oriented internships and academic pursuits.
Explore Elective Specializations Strategically- (Semester 3)
Carefully consider the elective groups (Labour, Demography, Environmental Economics) based on your career interests. Attend introductory sessions or consult with professors to understand the scope and job prospects associated with each specialization in India''''s diverse economy.
Tools & Resources
Departmental advisors, Career counseling services, Industry reports
Career Connection
Tailors your skill set for specific niches like HR analytics, social development, or sustainability consulting, enhancing your marketability.
Network and Attend Economic Forums- (Semester 3)
Actively participate in college-organized economic forums, guest lectures by industry experts, or seminars by BKNMU. Engage with speakers and faculty to build a professional network. Join online professional groups focused on economics in India to expand your contacts.
Tools & Resources
LinkedIn, Professional economic associations in India, University event calendars
Career Connection
Opens doors to internships, mentorships, and provides insights into current industry trends and career opportunities within the Indian economic landscape.
Advanced Stage
Excel in Project Work and Presentation- (Semester 4)
Dedicate significant effort to the Semester 4 Project. Choose a relevant topic, conduct thorough research, apply appropriate methodologies, and develop strong analytical insights. Practice presenting your findings clearly and concisely, incorporating feedback from mentors.
Tools & Resources
Statistical software (R, Stata, SPSS), Presentation software (PowerPoint, Google Slides), Academic writing guides
Career Connection
A well-executed project is a strong portfolio piece, demonstrating your research and analytical capabilities to potential employers, especially in government research bodies or consultancies.
Prepare for Post-MA Opportunities- (Semester 4)
Identify your desired career path (e.g., Ph.D., government exams, corporate roles) and prepare accordingly. For government exams, focus on quantitative aptitude and general awareness. For corporate roles, hone interview skills and tailor your resume for specific job descriptions.
Tools & Resources
UPSC/RBI/IES study materials, Mock interview platforms, Career Services cell
Career Connection
Directly impacts placement success, helping secure roles in civil services, central banks, academic institutions, or top-tier private sector firms across India.
Seek Mentorship and Alumni Guidance- (Semester 4)
Connect with alumni who are in roles or industries that interest you. Seek their advice on career strategies, skill development, and job search processes in the Indian market. Mentors can offer invaluable practical insights and connections to guide your professional journey.
Tools & Resources
Alumni network portals, LinkedIn for professional connections
Career Connection
Leveraging alumni connections can lead to direct referrals, informational interviews, and a competitive edge in securing desirable positions post-graduation.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 2 years (4 semesters)
Credits: 80 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.A.ECO. 101 | Micro Economics - I | Core | 4 | Nature and Scope of Economics, Utility Analysis, Demand and Supply, Production Theory, Cost Theory |
| M.A.ECO. 102 | Macro Economics - I | Core | 4 | National Income Accounting, Classical Theory of Employment, Keynesian Theory of Employment, Consumption Function, Investment Function |
| M.A.ECO. 103 | Quantitative Techniques for Economics - I | Core | 4 | Basic Mathematics for Economics, Differential Calculus, Matrix Algebra, Set Theory, Probability Theory |
| M.A.ECO. 104 | Indian Economic Policy - I | Core | 4 | Characteristics of Indian Economy, Economic Planning in India, Agriculture Sector Challenges, Industrial Sector Development, Service Sector Growth |
| M.A.ECO. 105 | International Economics - I | Core | 4 | Theories of International Trade, Terms of Trade, Trade Policy Instruments, Balance of Payments, Foreign Exchange Market |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.A.ECO. 201 | Micro Economics - II | Core | 4 | Perfect Competition and Efficiency, Monopoly Market Structures, Monopolistic Competition, Oligopoly and Game Theory, Factor Pricing and Welfare Economics |
| M.A.ECO. 202 | Macro Economics - II | Core | 4 | Theories of Money and Banking, Inflation and Deflation, Business Cycles, Fiscal Policy Tools, Monetary Policy and its Effectiveness |
| M.A.ECO. 203 | Quantitative Techniques for Economics - II | Core | 4 | Statistical Methods for Economists, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis |
| M.A.ECO. 204 | Indian Economic Policy - II | Core | 4 | Population and Human Development, Poverty and Unemployment in India, Regional Imbalances, Economic Reforms in India, Contemporary Economic Issues |
| M.A.ECO. 205 | International Economics - II | Core | 4 | Trade Blocs and Regional Agreements, World Trade Organization (WTO), International Financial Institutions, Globalisation and its Impacts, Foreign Capital and FDI |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.A.ECO. 301 | Economics of Development & Growth - I | Core | 4 | Theories of Economic Growth, Characteristics of Underdevelopment, Dualism and Structural Change, Capital Formation and Economic Development, Role of Human Capital |
| M.A.ECO. 302 | Public Economics - I | Core | 4 | Role of Government in the Economy, Public Goods and Merit Goods, Externalities and Market Failure, Sources of Public Revenue, Principles of Taxation |
| M.A.ECO. 306 | Economic History of India (1757-1947) | Core | 4 | Colonial Economy under British Rule, Land Revenue Settlements, De-industrialisation and Handicrafts, Famines and Poverty, Drain Theory and its Critique |
| M.A.ECO. 307 | Research Methodology in Economics | Core (Mandatory Elective) | 4 | Foundations of Research, Research Design, Methods of Data Collection, Sampling Methods, Statistical Tools for Analysis |
| M.A.ECO. (Elective) | Optional Group (Choose one paper from 303, 304, or 305) | Elective | 4 | Option A (M.A.ECO. 303): Economics of Labour - I (Labour Market, Wages, Trade Unions), Option B (M.A.ECO. 304): Demography - I (Population Theories, Fertility, Mortality, Migration), Option C (M.A.ECO. 305): Environmental Economics - I (Environmental Problems, Resource Economics, Pollution Control) |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.A.ECO. 401 | Economics of Development & Growth - II | Core | 4 | Models of Development Planning, Role of Foreign Aid and Debt, Trade as an Engine of Growth, Sustainable Development Goals, Inclusive Growth Strategies |
| M.A.ECO. 402 | Public Economics - II | Core | 4 | Public Expenditure Theories, Public Debt and its Management, Budgeting and Fiscal Policy, Fiscal Federalism in India, Cost-Benefit Analysis |
| M.A.ECO. 406 | Economic History of India (1947 Onwards) | Core | 4 | Post-Independence Economic Planning, Industrial Policy Resolutions, Green Revolution Impact, Economic Liberalisation of 1991, Globalisation and its Challenges |
| M.A.ECO. 407 | Project | Project | 4 | Project Topic Selection, Literature Review and Objectives, Methodology and Data Collection, Analysis and Interpretation of Results, Report Writing and Presentation |
| M.A.ECO. (Elective) | Optional Group (Choose one paper from 403, 404, or 405) | Elective | 4 | Option A (M.A.ECO. 403): Economics of Labour - II (Labour Productivity, Industrial Relations, Labour Market Reforms), Option B (M.A.ECO. 404): Demography - II (Population Policies, Demographic Dividend, Ageing Population), Option C (M.A.ECO. 405): Environmental Economics - II (Environmental Valuation, Climate Change Economics, Green Accounting) |
