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BA-HONOURS in Economics at Shyam Lal College
Delhi, Delhi
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About the Specialization
What is Economics at Shyam Lal College Delhi?
This BA Honours Economics program at Shyam Lal College focuses on providing a rigorous theoretical and applied understanding of economic principles. It delves into microeconomic foundations, macroeconomic theories, quantitative methods, and specific areas like Indian economy and development economics. The program''''s comprehensive structure aligns with the evolving Indian economic landscape, preparing students for analytical roles in government, research, and private sectors. It emphasizes critical thinking and problem-solving skills highly valued in India''''s diverse economy.
Who Should Apply?
This program is ideal for fresh graduates from diverse academic backgrounds with a strong aptitude for mathematics and analytical reasoning, aspiring to build careers in economic policy, research, finance, or data analysis. It also suits individuals seeking to pursue higher education in economics or related fields, both in India and abroad. While no specific work experience is required, a keen interest in current economic affairs and a desire to understand market dynamics are beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths in sectors such as banking, financial services, consulting, research, and government administration (e.g., civil services, RBI). Entry-level salaries typically range from INR 3-6 lakhs per annum, with significant growth potential up to INR 10-15+ lakhs for experienced professionals in roles like economic analysts, consultants, or policy advisors. The program also serves as a strong foundation for professional certifications in finance or data science.
Student Success Practices
Foundation Stage
Master Core Economic Concepts and Math Skills- (Semester 1-2)
Dedicate significant time to understanding foundational microeconomics, macroeconomics, and mathematical methods. Utilize textbooks thoroughly, solve all tutorial problems, and attend doubt-clearing sessions. Form study groups to discuss complex topics and practice problem-solving together.
Tools & Resources
N. Gregory Mankiw''''s Principles of Economics, H.L. Ahuja''''s Microeconomic Theory, Alpha Chiang''''s Fundamental Methods of Mathematical Economics, Online platforms like Khan Academy, NPTEL for conceptual clarity
Career Connection
A strong foundation is crucial for excelling in advanced courses and forms the bedrock for analytical roles in finance, consulting, and research, where conceptual clarity is paramount.
Develop Effective Study Habits and Time Management- (Semester 1-2)
Implement a structured study routine, balancing classes, self-study, and extracurricular activities. Prioritize subjects based on difficulty and credit weightage. Regularly revise concepts and practice past year papers to prepare for internal and end-semester examinations effectively.
Tools & Resources
Study planners, digital calendars (Google Calendar, Notion), Pomodoro Technique for focused study sessions, DU past year question papers
Career Connection
Good organizational and time management skills are essential for managing project deadlines and workload in any professional setting, especially in fast-paced economic and financial roles.
Engage in Peer Learning and Academic Discussions- (Semester 1-2)
Actively participate in classroom discussions and form peer study groups. Explain concepts to classmates, which reinforces your own understanding. Attend college seminars and workshops related to economics to broaden perspectives.
Tools & Resources
College library and common study areas, Online discussion forums for economics students, Departmental seminars and guest lectures
Career Connection
Collaborative learning enhances communication and teamwork skills, vital for working in interdisciplinary teams in government, research, or corporate sectors.
Intermediate Stage
Gain Practical Data Analysis Skills- (Semester 3-5)
Focus on the ''''Data Analysis'''' and ''''Introduction to R'''' courses. Work on real-world datasets, even small ones, to apply statistical and econometric concepts. Participate in data analysis competitions or workshops to enhance your practical skills.
Tools & Resources
RStudio for R programming, Excel for data manipulation, Kaggle for datasets and competitions, Coursera/edX courses on data analysis
Career Connection
Proficiency in data analysis is highly sought after in roles like business analyst, data scientist, and economic researcher in various industries across India.
Explore Indian Economic Issues and Policy- (Semester 3-5)
Beyond coursework, regularly read economic newspapers (e.g., The Economic Times, Business Standard) and magazines (e.g., Economic and Political Weekly). Follow debates on Indian economic policy, banking, and sectoral developments. Try to connect theoretical concepts to real-world Indian scenarios.
Tools & Resources
Economic Times, Business Standard, Livemint, RBI Annual Reports, NITI Aayog documents, Economic Survey of India
Career Connection
Deep understanding of the Indian economy is essential for roles in government policy, public sector banks, and consulting firms advising on Indian markets.
Network with Alumni and Industry Professionals- (Semester 3-5)
Attend career fairs, guest lectures, and alumni meet-ups organized by the college or university. Connect with economics alumni on LinkedIn to understand diverse career paths and seek mentorship. This helps in understanding industry expectations.
Tools & Resources
LinkedIn for professional networking, College alumni association events, Career counseling sessions
Career Connection
Networking opens doors to internship opportunities, valuable career advice, and potential job referrals, significantly enhancing placement prospects in competitive Indian job markets.
Advanced Stage
Undertake an Economic Research Project/Dissertation- (Semester 6-8)
Utilize the optional Research Project/Dissertation in the final year to delve into a topic of interest. This involves rigorous research, data collection, analytical application, and thesis writing, showcasing independent research capabilities. Seek faculty mentorship actively.
Tools & Resources
Academic databases (JSTOR, Google Scholar), Statistical software (Stata, EViews, R), University library resources, Faculty advisors
Career Connection
A strong research project is a significant differentiator for postgraduate studies (MA/PhD) and research-oriented roles in think tanks, RBI, or academic institutions.
Prepare for Higher Studies or Competitive Exams- (Semester 6-8)
Decide on your post-graduation path early: whether it''''s an MA in Economics, MBA, or competitive exams like UPSC Civil Services, RBI Grade B, or IES. Start preparing systematically, focusing on aptitude, general knowledge, and specialized economic subjects. Enroll in relevant coaching if needed.
Tools & Resources
Coaching institutes for specific exams, Online test series, Standard textbooks for competitive exam preparation
Career Connection
Targeted preparation enhances your chances of admission to top universities or securing coveted government positions, which offer stable and impactful careers in India.
Build a Professional Portfolio and Resume- (Semester 6-8)
Document all academic projects, internships, skill certifications, and extracurricular achievements. Tailor your resume and cover letter for specific job applications. Practice mock interviews to refine communication and confidence for placement drives.
Tools & Resources
Online resume builders, LinkedIn profile optimization guides, College placement cell for mock interviews and resume reviews
Career Connection
A well-prepared portfolio and resume are critical for securing interviews and ultimately placements in a competitive job market, showcasing your skills and experience to potential employers.
Program Structure and Curriculum
Eligibility:
- As per University of Delhi Admission rules; typically 10+2 examination or equivalent with a minimum percentage, often requiring Mathematics in Class XII for BA Honours Economics.
Duration: 4 years (8 semesters)
Credits: 160 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC01 | Introductory Microeconomics | Discipline Specific Core (DSC) | 4 | Introduction to Economic Analysis, Theory of Consumer Behavior, Theory of Production and Cost, Market Structures: Perfect Competition, Welfare Economics and Efficiency |
| DSC02 | Mathematical Methods for Economics I | Discipline Specific Core (DSC) | 4 | Functions and Graphs, Differential Calculus for Economists, Optimization Techniques, Integral Calculus, Introduction to Linear Algebra |
| AECC01 | Environmental Science | Ability Enhancement Compulsory Course (AECC) | 2 | Ecosystems and Biodiversity, Natural Resources Management, Environmental Pollution and Control, Global Environmental Issues, Environmental Policies and Practices |
| GE01 | Generic Elective I (Choice Based) | Generic Elective (GE) | 4 | Course selected from a basket of options offered by other departments, Topics will vary based on selected GE, Aims to broaden interdisciplinary knowledge, Examples: Introductory Psychology, Principles of Political Science, Focus on foundational concepts of chosen discipline |
| VAC01 | Constitutional Values and Fundamental Duties | Value Added Course (VAC) | 2 | Indian Constitution: Philosophy and Features, Fundamental Rights and Duties, Preamble and Constitutional Values, Citizenship and Justice, Democracy and Governance |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC03 | Introductory Macroeconomics | Discipline Specific Core (DSC) | 4 | National Income Accounting, Determination of Output and Employment, Money, Banking and Inflation, Open Economy Macroeconomics, Fiscal and Monetary Policy |
| DSC04 | Mathematical Methods for Economics II | Discipline Specific Core (DSC) | 4 | Matrices and Determinants, Vector Spaces and Linear Transformations, Constrained Optimization, Difference Equations, Dynamic Economic Models |
| AECC02 | English Language/MIL Communication | Ability Enhancement Compulsory Course (AECC) | 2 | Reading Comprehension Strategies, Effective Writing Skills (Essays, Reports), Grammar and Vocabulary Building, Oral Communication and Presentation Skills, Critical Thinking and Analysis |
| GE02 | Generic Elective II (Choice Based) | Generic Elective (GE) | 4 | Course selected from a basket of options offered by other departments, Topics will vary based on selected GE, Aims to broaden interdisciplinary knowledge, Examples: Principles of Management, Basic Computer Applications, Focus on foundational concepts of chosen discipline |
| VAC02 | Ethics and Values in Ancient Indian Traditions | Value Added Course (VAC) | 2 | Foundations of Indian Ethics, Concepts of Dharma, Karma, Moksha, Ethical Principles in Vedas and Upanishads, Ethics in Bhagavad Gita and Buddhist Traditions, Relevance of Ancient Wisdom in Modern Context |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC05 | Intermediate Microeconomics I | Discipline Specific Core (DSC) | 4 | Consumer Preferences and Choice, Demand Analysis, Production Theory: Technologies and Returns, Cost Theory and Firm Behavior, Market Equilibrium and Efficiency |
| DSC06 | Intermediate Macroeconomics I | Discipline Specific Core (DSC) | 4 | Classical and Keynesian Models, IS-LM Model: Goods and Money Market, Aggregate Demand and Supply, Inflation and Unemployment Trade-offs, Economic Growth Theories |
| SEC01 | Data Analysis | Skill Enhancement Course (SEC) | 2 | Data Collection and Organization, Descriptive Statistics: Measures of Central Tendency and Dispersion, Introduction to Probability, Hypothesis Testing Basics, Data Visualization Techniques |
| GE03 | Generic Elective III (Choice Based) | Generic Elective (GE) | 4 | Course selected from a basket of options offered by other departments, Topics will vary based on selected GE, Aims to broaden interdisciplinary knowledge, Examples: Introduction to Sociology, Understanding Indian History, Focus on foundational concepts of chosen discipline |
| VAC03 | Swachh Bharat | Value Added Course (VAC) | 2 | Concept and Objectives of Swachh Bharat Abhiyan, Waste Management and Sanitation Practices, Water Conservation and Cleanliness, Community Participation in Swachhata, Sustainable Environmental Practices |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC07 | Intermediate Microeconomics II | Discipline Specific Core (DSC) | 4 | Monopoly and Price Discrimination, Oligopoly and Game Theory, Market Failures: Externalities and Public Goods, Asymmetric Information, Welfare Economics and Efficiency |
| DSC08 | Intermediate Macroeconomics II | Discipline Specific Core (DSC) | 4 | Consumption and Investment Theories, Open Economy Macroeconomics: Exchange Rates, International Capital Flows, Monetary and Fiscal Policy in Open Economy, Macroeconomic Policy Debates |
| SEC02 | Introduction to R | Skill Enhancement Course (SEC) | 2 | Basics of R Programming Language, Data Structures in R: Vectors, Matrices, Data Frames, Data Import and Export, Data Manipulation and Transformation, Basic Statistical Analysis and Plotting in R |
| GE04 | Generic Elective IV (Choice Based) | Generic Elective (GE) | 4 | Course selected from a basket of options offered by other departments, Topics will vary based on selected GE, Aims to broaden interdisciplinary knowledge, Examples: Entrepreneurship Development, Financial Management, Focus on foundational concepts of chosen discipline |
| VAC04 | Emotional Intelligence | Value Added Course (VAC) | 2 | Understanding Emotions and Self-Awareness, Managing Emotions and Self-Regulation, Motivation and Goal Setting, Empathy and Social Awareness, Relationship Management and Communication |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC09 | Introductory Econometrics | Discipline Specific Core (DSC) | 4 | Simple Linear Regression Model, Multiple Regression Analysis, Estimation and Hypothesis Testing (OLS), Violations of Classical Assumptions, Dummy Variables and Forecasting |
| DSC10 | Indian Economy I | Discipline Specific Core (DSC) | 4 | Overview of Indian Economic Development, Agricultural Sector: Growth and Challenges, Industrial Sector: Policies and Reforms, Service Sector: Growth Drivers, Poverty, Inequality and Human Development |
| GE05 | Generic Elective V (Choice Based) | Generic Elective (GE) | 4 | Course selected from a basket of options offered by other departments, Topics will vary based on selected GE, Aims to broaden interdisciplinary knowledge, Examples: Gender Studies, Introduction to Philosophy, Focus on foundational concepts of chosen discipline |
| DSE01 | Discipline Specific Elective I (Choice Based) | Discipline Specific Elective (DSE) | 4 | Advanced Microeconomics, Financial Economics, Environmental Economics, International Economics (Advanced), Economics of Health and Education |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC11 | Indian Economy II | Discipline Specific Core (DSC) | 4 | Macroeconomic Policies in India, Fiscal and Monetary Policies, Trade and Investment Policies, Banking and Financial Sector Reforms, Employment and Labour Market Issues |
| DSC12 | Development Economics I | Discipline Specific Core (DSC) | 4 | Concepts and Measures of Development, Theories of Economic Growth and Development, Poverty, Inequality and Vulnerability, Human Capital: Education and Health, Population Growth and Development |
| GE06 | Generic Elective VI (Choice Based) | Generic Elective (GE) | 4 | Course selected from a basket of options offered by other departments, Topics will vary based on selected GE, Aims to broaden interdisciplinary knowledge, Examples: Public Policy, Research Methods in Social Sciences, Focus on foundational concepts of chosen discipline |
| DSE02 | Discipline Specific Elective II (Choice Based) | Discipline Specific Elective (DSE) | 4 | Advanced Macroeconomics, International Trade, Health Economics, Industrial Economics, Economics of Social Sector |
Semester 7
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC13 | Public Economics | Discipline Specific Core (DSC) | 4 | Role of Government in the Economy, Public Goods and Externalities, Taxation: Principles and Structure, Public Expenditure and Budgeting, Fiscal Federalism in India |
| DSC14 | Development Economics II | Discipline Specific Core (DSC) | 4 | Institutions and Economic Development, Governance and Corruption, Role of Agriculture in Development, Industrialization Strategies, International Aid and Development |
| DSE03 | Discipline Specific Elective III (Choice Based) | Discipline Specific Elective (DSE) | 4 | Financial Institutions and Markets, Econometrics II, Game Theory, Mathematical Economics, Economics of Labour |
| DSE04 | Discipline Specific Elective IV (Choice Based) | Discipline Specific Elective (DSE) | 4 | Environmental Economics, Economics of Education, Agricultural Economics, Urban Economics, Gender and Economics |
Semester 8
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC15 | International Economics | Discipline Specific Core (DSC) | 4 | Theories of International Trade, Trade Policy Instruments, Balance of Payments, Foreign Exchange Market and Exchange Rates, International Financial Institutions |
| DSC16 | Indian Fiscal Policy | Discipline Specific Core (DSC) | 4 | Public Finance in India, Fiscal Policy and Macroeconomic Stabilization, Budgetary Process and Deficits, Taxation System and Reforms, Public Debt Management |
| DSE05 | Discipline Specific Elective V (Choice Based) | Discipline Specific Elective (DSE) | 4 | Behavioural Economics, Experimental Economics, Political Economy, Law and Economics, Demography |
| DSE06 | Research Project/Dissertation OR DSE VI | Discipline Specific Elective (DSE)/Research Project | 12 | Formulation of Research Question, Literature Review and Hypothesis Development, Data Collection and Analysis Techniques, Report Writing and Presentation, Ethical Considerations in Research |
