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BA in Economics at Shri Kalidas Arts and Commerce College
Bagalkot, Karnataka
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About the Specialization
What is Economics at Shri Kalidas Arts and Commerce College Bagalkot?
This Economics program at Shri Kalidas Education Society Shri Kalidas Arts and Commerce, Bagalkot, focuses on understanding economic principles, policies, and their real-world applications in India. The curriculum delves into microeconomics, macroeconomics, development economics, and quantitative techniques, equipping students with analytical skills vital for India''''s evolving economic landscape. It emphasizes foundational knowledge crucial for careers in finance, research, and public policy.
Who Should Apply?
This program is ideal for high school graduates with a keen interest in economic phenomena, market trends, and policy-making. It also suits individuals aspiring for careers in banking, financial services, government organizations, or further academic pursuits. Students with analytical aptitude and a desire to understand complex societal challenges through an economic lens 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 researchers, financial consultants, or civil service aspirants. Entry-level salaries typically range from INR 3-6 LPA, with significant growth potential in sectors like banking, consultancy, and government. The analytical rigor prepares students for competitive examinations and advanced degrees, enhancing their professional trajectories.
Student Success Practices
Foundation Stage
Master Core Economic Concepts- (Semester 1-2)
Actively engage with micro and macroeconomics fundamentals through textbook readings, class discussions, and online resources to build a solid theoretical base.
Tools & Resources
NCERT Economics textbooks, Khan Academy Economics, NPTEL courses, Standard subject textbooks (e.g., H.L. Ahuja, D.N. Dwivedi)
Career Connection
Strong foundational knowledge is crucial for higher studies and analytical roles, forming the base for future economic reasoning and problem-solving.
Develop Quantitative Aptitude- (Semester 1-2)
Regularly practice basic statistics, data interpretation, and mathematical economics problems to build strong analytical and problem-solving skills.
Tools & Resources
Online platforms like BYJU''''S (quantitative aptitude sections), Books on basic statistics for economists, MS Excel for data handling
Career Connection
Essential for data analysis roles, research positions, and success in competitive examinations for government and financial sectors.
Engage in Economic Debates and Discussions- (Semester 1-2)
Participate in college clubs, seminars, or informal groups to discuss current economic affairs and policy issues relevant to India and the world.
Tools & Resources
Reading economic newspapers (e.g., The Economic Times, Business Standard), Watching reputable news channels, College debate clubs
Career Connection
Enhances critical thinking, communication skills, and awareness of the Indian economic landscape, valuable for policy analysis and journalism.
Intermediate Stage
Undertake Mini Research Projects- (Semester 3-4)
Work on small-scale research projects, perhaps focused on local economic issues, to apply theoretical knowledge, collect data, and develop initial research skills.
Tools & Resources
Access to college library resources, Basic statistical software (e.g., Excel for data analysis), Guidance from faculty mentors
Career Connection
Builds a practical portfolio for higher studies, research assistant roles, and demonstrates analytical capabilities to potential employers.
Seek Industry Internships- (Summer breaks after Semester 4)
Actively look for short-term internships in local banks, financial institutions, NGOs working on economic development, or small businesses to gain practical exposure.
Tools & Resources
College placement cell, LinkedIn, Internshala, Local business directories
Career Connection
Provides real-world experience, helps in network building, clarifies career interests, and significantly boosts resume value for future placements.
Participate in Economic Competitions- (Semester 3-5)
Join inter-collegiate quizzes, essay competitions, or case study challenges focused on economic themes to test knowledge and apply skills under pressure.
Tools & Resources
College academic societies and clubs, Online competition platforms (if applicable)
Career Connection
Enhances problem-solving skills, boosts confidence, and offers opportunities for recognition and networking within the academic and professional community.
Advanced Stage
Intensive Placement and Higher Education Preparation- (Semester 5-6)
Focus on preparing for competitive examinations (UPSC, RBI Grade B, NET/JRF) or entrance exams for postgraduate programs (MA Economics, MBA) by dedicated study.
Tools & Resources
Specialized coaching institutes, Mock test series, Previous year question papers, Career counselors and alumni networks
Career Connection
Direct pathway to coveted government jobs, central bank roles, or admission into prestigious higher education institutions for specialized learning.
Develop Advanced Data Analysis Skills- (Semester 5-6)
Learn and gain proficiency in statistical software beyond Excel, such as R, Python (with pandas/numpy), or Stata, which are essential for modern economic analysis.
Tools & Resources
Online courses (Coursera, NPTEL, edX), Software tutorials and documentation, Dedicated college workshops or short-term certifications
Career Connection
Highly sought-after skill for roles as economic analysts, data scientists, and researchers in both public and private sectors in India.
Undertake a Capstone Project or Dissertation- (Semester 6)
Conduct a substantial research project under faculty supervision, applying all learned economic theories and quantitative tools to address a complex economic problem.
Tools & Resources
Extensive library resources, Access to primary/secondary data sources, Statistical software proficiency, Dedicated faculty mentorship
Career Connection
Showcases the ability to conduct independent research, critical for academic careers and highly valuable for demonstrating analytical depth to employers.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 6 semesters / 3 years
Credits: 64 (for Economics Major subjects) Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC1.1 | Micro Economics - I | Core | 4 | Definition, nature and scope of Economics, Theory of Consumer Behaviour (Utility, Indifference Curve), Elasticity of Demand, Theory of Production (Production Function, Laws of Returns), Cost and Revenue Concepts, Market Structures (Perfect Competition) |
| BAEC1.2 | Indian Economy - I | Core | 4 | Basic characteristics of Indian Economy, Indian Agriculture (Role, Green Revolution, Policy), Industry (Growth, Public/Private Sector, MSMEs), Indian Population (Trends, Policy), Poverty, Inequality and Unemployment, Economic Planning in India |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC2.1 | Micro Economics - II | Core | 4 | Monopoly and Monopolistic Competition, Oligopoly, Theory of Distribution (Rent, Wages, Interest, Profit), Welfare Economics (Pareto Optimality, Social Welfare Function), Market Failure (Externalities, Public Goods) |
| BAEC2.2 | Indian Economy - II | Core | 4 | Infrastructure (Energy, Transport, Communication), Foreign Trade (Direction, Composition, Policy), Foreign Capital and MNCs, Monetary and Fiscal Policy, Economic Reforms in India (Liberalization, Privatization, Globalization), Regional Disparities |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC3.1 | Macro Economics - I | Core | 4 | Nature and Scope of Macroeconomics, National Income Accounting, Classical Theory of Employment, Keynesian Theory of Employment, Consumption and Investment Functions, Multiplier and Accelerator |
| BAEC3.2 | Development Economics - I | Core | 4 | Economic Growth and Economic Development, Characteristics of Underdeveloped Countries, Theories of Underdevelopment (Vicious Circle, Big Push), Population and Economic Development, Human Capital Formation, Role of State in Economic Development |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC4.1 | Macro Economics - II | Core | 4 | Theories of Money (Fisher, Cambridge), Inflation (Types, Causes, Effects, Control), Business Cycles, Monetary Policy, Fiscal Policy, IS-LM Model (Introduction) |
| BAEC4.2 | Development Economics - II | Core | 4 | Strategies of Economic Development (Balanced vs. Unbalanced Growth), Role of Capital, Technology, and Human Resources, Foreign Aid and Foreign Investment, Globalisation and Developing Countries, Sustainable Development, Poverty Alleviation Programs |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC5.1 | Public Finance | Core | 4 | Role and Functions of Government, Public Expenditure (Growth, Causes, Effects), Public Revenue (Taxation - Principles, Incidence, Classification), Public Debt, Budget (Types, Deficits), Fiscal Federalism in India |
| BAEC5.2 | International Economics | Core | 4 | Theories of International Trade (Absolute, Comparative Advantage, Heckscher-Ohlin), Terms of Trade, Tariffs and Quotas, Balance of Payments, Exchange Rates (Fixed, Flexible), International Economic Organizations (WTO, IMF, World Bank) |
| BAEC5.3 | Quantitative Techniques for Economic Analysis | Core | 4 | Basic Statistics (Measures of Central Tendency, Dispersion), Correlation and Regression Analysis, Index Numbers, Time Series Analysis, Probability Theory (Basic Concepts), Linear Programming (Introduction) |
| BAEC5.4 | Environmental Economics / Agricultural Economics | Elective | 4 | Environmental Economics: Economy and Environment, Environmental Pollution, Environmental Policy Instruments, Valuation of Environmental Goods, Sustainable Development, Climate Change Economics, Agricultural Economics: Role of Agriculture, Production and Productivity, Marketing, Finance, Food Security, Price Policy |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC6.1 | Monetary Economics | Core | 4 | Theories of Money Demand, Theories of Money Supply, Commercial Banking, Central Banking (RBI functions), Monetary Policy Transmission Mechanism, Financial Markets in India |
| BAEC6.2 | Economics of Growth and Development | Core | 4 | Theories of Growth (Harrod-Domar, Solow), Endogenous Growth Theories (Romer), Poverty and Income Distribution, Human Development Index, Globalisation and Development, Sectoral Aspects of Development (Agriculture, Industry, Services) |
| BAEC6.3 | Basic Econometrics | Core | 4 | Nature and Scope of Econometrics, Simple Linear Regression Model (OLS), Assumptions of Classical Linear Regression Model, Properties of OLS Estimators, Hypothesis Testing, Introduction to Multiple Regression |
| BAEC6.4 | Research Methodology / Industrial Economics | Elective | 4 | Research Methodology: Meaning and Types of Research, Research Problem Formulation, Research Design, Sampling Methods, Data Collection, Report Writing, Industrial Economics: Concept and Scope, Industrial Structure, Market Conduct, Market Performance, Industrial Policy in India, Foreign Direct Investment |
