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MA 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 MA Economics program at Shri Kalidas Arts and Commerce College, affiliated with Rani Channamma University, focuses on equipping students with advanced theoretical and empirical tools to analyze complex economic issues. It covers both micro and macro foundations, quantitative techniques, and applied areas relevant to the Indian economy. The curriculum is designed to prepare graduates for analytical roles in a dynamic global and domestic market.
Who Should Apply?
This program is ideal for economics graduates seeking to deepen their understanding of economic theories, policies, and their practical application. It also caters to individuals with a strong quantitative aptitude from related fields who aim to build a career in economic analysis, research, or policy-making. Aspirants for government services, banking, and academic pursuits will find the program highly beneficial.
Why Choose This Course?
Graduates can pursue diverse career paths in India, including economic consulting, data analysis, policy analysis in government agencies like RBI or NITI Aayog, and roles in financial institutions. Entry-level salaries typically range from INR 3-6 lakhs annually, with significant growth potential up to INR 10-20 lakhs for experienced professionals in leading firms and research institutions.
Student Success Practices
Foundation Stage
Strengthen Core Economic Fundamentals- (Semester 1-2)
Focus rigorously on understanding micro and macro economic theories, alongside mastering quantitative methods. Regularly solve numerical problems and case studies from standard textbooks and university-recommended materials.
Tools & Resources
NPTEL lectures on Economics, Standard textbooks (e.g., Mankiw, Varian, Samuelson), RCUB previous year question papers
Career Connection
A strong foundation is crucial for analytical roles in banking, research, and for competitive exams like UPSC, RBI Grade B, or Indian Economic Service (IES).
Develop Data Analysis Skills with Software- (Semester 1-2)
Beyond theoretical quantitative methods, gain practical experience with statistical software. Start with Excel for basic data handling and visualization, then explore open-source tools like R or Python for more advanced econometric tasks.
Tools & Resources
YouTube tutorials for Excel/R/Python for data analysis, Free online courses (e.g., Coursera, DataCamp intro modules), Data sets from government websites (MOSPI, RBI)
Career Connection
Essential for roles like data analyst, research associate, and business intelligence, highly sought after in India''''s growing data-driven economy.
Engage in Economic Debates and Current Affairs- (Semester 1-2)
Actively follow Indian and global economic news. Participate in college debates, seminars, and group discussions on contemporary economic issues, fostering critical thinking and communication skills essential for economists.
Tools & Resources
The Economic Times, Business Standard, Mint, RBI Bulletin, NITI Aayog reports, College economics club activities, departmental seminars
Career Connection
Crucial for policy analysis, economic journalism, and success in interviews for public and private sector roles that require strong economic awareness and articulate opinions.
Intermediate Stage
Deep Dive into Economic Specializations- (Semester 3)
Actively engage with optional subjects chosen, going beyond the syllabus to read current research and policy papers related to chosen fields like Agricultural Economics, Labour Economics, or Industrial Economics. Seek faculty mentorship for specific areas.
Tools & Resources
University e-resources (JSTOR, EBSCO), NITI Aayog reports, academic journals specific to chosen electives, Departmental seminars and workshops
Career Connection
Builds expertise for specialized roles in research organizations, policy think tanks, sector-specific analysis, and provides a competitive edge in job markets.
Begin Research Project or Dissertation Planning- (Semester 3)
Identify potential research topics, understand research methodologies, and start collecting preliminary data or conducting literature reviews for the Semester 4 dissertation. Formulate clear research questions and outline a detailed plan.
Tools & Resources
Research methodology textbooks, Statistical software tutorials (R/Python/Stata), Research papers from ICSSR, IGC, Data.gov.in and other public datasets
Career Connection
Develops independent research capabilities, critical for academic pursuits (M.Phil/PhD), and research-oriented roles in industry, government, or consulting firms.
Network with Economists and Professionals- (Semester 3)
Attend webinars, workshops, and conferences (virtual or local) focused on economics and policy in India. Connect with alumni and industry professionals on platforms like LinkedIn to understand career trajectories and industry trends.
Tools & Resources
LinkedIn, Professional economic associations (e.g., Indian Economic Association), University alumni network, Industry-specific webinars and summits
Career Connection
Opens doors for mentorship, internship leads, and insights into various career paths, aiding informed decision-making and enhancing future job prospects.
Advanced Stage
Complete and Present High-Quality Dissertation- (Semester 4)
Execute the planned research project/dissertation, focusing on robust analysis, clear interpretation of results, and effective academic presentation. Be prepared for viva-voce by thoroughly understanding your methodology and findings.
Tools & Resources
Statistical software (Stata, R, EViews), Academic writing guides, Presentation tools (PowerPoint, LaTeX Beamer), Faculty supervision and peer review
Career Connection
Demonstrates advanced analytical, critical thinking, and communication skills, a major asset for research roles, academic applications, and high-level analytical positions.
Focused Placement Preparation and Interviews- (Semester 4)
Tailor resumes and cover letters for specific job roles (e.g., economic analyst, consultant, market researcher). Practice technical and behavioral interview questions, focusing on applying economic concepts to real-world scenarios in an Indian context.
Tools & Resources
University placement cell, mock interview sessions, Online aptitude test platforms, Company-specific interview preparation guides, Alumni for mentorship
Career Connection
Directly prepares students for securing entry-level positions in banks, consultancies, analytics firms, research organizations, and government organizations across India.
Explore Civil Services and Competitive Exams- (Semester 4)
For those aspiring to government service, dedicate time to preparing for competitive examinations like the Indian Economic Service (IES), RBI Grade B, UPSC Civil Services (with Economics optional), or UGC NET for academic careers.
Tools & Resources
IES/RBI/UGC NET syllabus and previous year question papers, Specialized coaching institutes (if opting), Online study groups, current affairs magazines (e.g., Yojana, Kurukshetra)
Career Connection
Opens up prestigious career paths in public administration, central banking, economic policy making, and academia, contributing to India''''s development.
Program Structure and Curriculum
Eligibility:
- Bachelor''''s degree with Economics as one of the optional subjects, or a B.A./B.Sc. degree with 50% marks in aggregate. For SC/ST and Category-I candidates, a pass in the qualifying examination is sufficient.
Duration: 2 years / 4 semesters
Credits: 74 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 1.1 | Micro Economic Analysis – I | Core | 4 | Basic Economic Problems and Concepts, Demand Analysis and Elasticity, Production Theory and Costs, Market Structures and Pricing, Consumer Behavior |
| 1.2 | Macro Economic Analysis – I | Core | 4 | National Income Accounting, Classical Theory of Income and Employment, Keynesian Theory and Its Critiques, Consumption and Investment Functions, Business Cycles |
| 1.3 | Quantitative Methods for Economic Analysis – I | Core | 4 | Basic Mathematics for Economists, Differential Calculus and Optimization, Matrix Algebra and Determinants, Measures of Central Tendency and Dispersion, Probability Theory |
| 1.4 | Indian Economic Policy – I | Core | 4 | Structure and Features of Indian Economy, Economic Planning in India, Agriculture Sector and Green Revolution, Industrial Policy and Reforms, Poverty, Inequality and Unemployment |
| 1.5 | Soft Skill / Human Resource Development | Soft Skill | 2 | Communication Skills and Public Speaking, Team Work and Leadership, Personality Development, Interview Skills, Professional Ethics |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 2.1 | Micro Economic Analysis – II | Core | 4 | General Equilibrium Theory, Welfare Economics, Market Failure and Externalities, Asymmetric Information, Game Theory and Applications |
| 2.2 | Macro Economic Analysis – II | Core | 4 | Theories of Money Demand and Supply, Inflation and Deflation, Unemployment and Phillips Curve, Monetary Policy, Fiscal Policy and Aggregate Demand |
| 2.3 | Quantitative Methods for Economic Analysis – II | Core | 4 | Integral Calculus and Economic Applications, Linear Programming, Correlation and Regression Analysis, Time Series Analysis, Index Numbers |
| 2.4 | Indian Economic Policy – II | Core | 4 | Service Sector Growth in India, Infrastructure Development, Foreign Trade and Balance of Payments, Financial Sector Reforms, Regional Imbalances and Development |
| 2.5 | Computer Application / Skill for Employability | Soft Skill | 2 | MS Office for Data Management, Basic Statistical Software (e.g., Excel for analysis), Internet and E-commerce Basics, Presentation Tools, Database Management Fundamentals |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 3.1 | Economics of Growth and Development – I | Core | 4 | Theories of Economic Growth (Harrod-Domar, Solow), Models of Economic Development, Factors of Development, Poverty and Inequality in Developing Economies, Dualism and Structural Change |
| 3.2 | Public Economics – I | Core | 4 | Role of Government in the Economy, Public Goods and Externalities, Public Expenditure and Its Theories, Principles of Taxation, Taxation and Equity |
| 3.3 | Agricultural Economics (Optional) | Optional | 4 | Role of Agriculture in Economic Development, Agrarian Structure and Land Reforms, Agricultural Marketing and Price Policy, Farm Finance and Credit, Food Security and Public Distribution System |
| 3.4 | Labour Economics (Optional) | Optional | 4 | Nature and Characteristics of Labour Market, Theories of Wage Determination, Industrial Relations and Trade Unions, Labour Legislation in India, Social Security and Labour Welfare |
| 3.5 | Dissertation / Project Work / Internship / Environmental Studies | Project / Soft Skill | 2 | Research Topic Selection, Literature Review, Data Collection and Analysis (Basic), Report Writing, Environmental Impact Assessment |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 4.1 | Economics of Growth and Development – II | Core | 4 | Globalization and Development, Sustainable Development Goals (SDGs), Human Development Index (HDI), International Aid and Debt, Regional Economic Co-operation |
| 4.2 | Public Economics – II | Core | 4 | Public Debt and Debt Management, Budgetary Policy and Fiscal Deficit, Fiscal Federalism in India, Deficit Financing, Fiscal Reforms and GST |
| 4.3 | International Economics (Optional) | Optional | 4 | Theories of International Trade, Trade Policy: Tariffs and Non-Tariff Barriers, Balance of Payments, Foreign Exchange Markets and Exchange Rates, International Financial Institutions |
| 4.4 | Econometrics (Optional) | Optional | 4 | Introduction to Econometric Models, Classical Linear Regression Model (CLRM), Violation of CLRM Assumptions, Introduction to Time Series Econometrics, Panel Data Analysis |
| 4.5 | Dissertation / Viva-Voce | Project | 4 | Advanced Research Methodology, Empirical Data Analysis, Thesis Writing, Academic Presentation Skills, Defense of Dissertation |
