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B-COM in Economics at S.J.M.V. Mahant First Grade Arts & Commerce College
Dharwad, Karnataka
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About the Specialization
What is Economics at S.J.M.V. Mahant First Grade Arts & Commerce College Dharwad?
This Economics specialization program at SJMV Mahantha First Grade Arts and Commerce College, affiliated with KUD, delves into critical economic theories and their application in the Indian context. It covers micro and macroeconomic principles, development economics, public finance, and Indian economic policy. The program aims to equip students with analytical skills to understand market dynamics, policy implications, and India''''s economic growth trajectory, meeting the demand for economic insights in various sectors.
Who Should Apply?
This program is ideal for 10+2 graduates with an interest in economic analysis, policy making, and financial markets. It''''s suitable for fresh graduates seeking entry-level roles in research, banking, or government, as well as aspiring entrepreneurs who need a strong grasp of market forces. Students with a background in commerce or arts with mathematics/economics will find this curriculum particularly enriching and career-focused.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, data researchers, financial advisors, or public policy associates. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience in roles within consulting, government, or NGOs. The program fosters critical thinking and analytical capabilities, aligning with professional certifications in finance or data analytics for enhanced growth.
Student Success Practices
Foundation Stage
Develop Foundational Analytical Skills- (Semester 1-2)
Focus on mastering quantitative methods and financial accounting basics. Regularly solve problems from textbooks, attend extra practice sessions, and use online tutorials for clarity. Build a strong conceptual base in marketing and business law fundamentals.
Tools & Resources
NCERT Commerce/Economics textbooks, Khan Academy, YouTube tutorials, Dedicated study groups
Career Connection
A strong foundation in these areas is crucial for understanding advanced commerce and economics topics, and for entry-level roles requiring data interpretation and financial literacy.
Cultivate Effective Communication- (Semester 1-2)
Actively participate in English and Indian language classes to enhance written and verbal communication. Practice essay writing, presentations, and group discussions. Join college clubs focused on debates or public speaking to overcome inhibitions and refine articulation.
Tools & Resources
Grammarly, Toastmasters International (if available), College literary clubs, Daily newspaper reading
Career Connection
Excellent communication skills are essential for all professional roles, especially in client-facing or analytical positions, improving interview performance and workplace collaboration.
Understand Business Fundamentals through Case Studies- (Semester 1-2)
Beyond textbook learning, actively seek out and discuss real-world Indian business case studies. Focus on how financial systems, marketing principles, and corporate governance affect companies. This helps in connecting theoretical concepts to practical applications.
Tools & Resources
Harvard Business Review (student access), Indian business newspapers (Economic Times, Business Standard), Online platforms like Investopedia
Career Connection
Develops business acumen and problem-solving skills, highly valued by employers in finance, marketing, and management roles.
Intermediate Stage
Deep Dive into Economic Theories and Indian Context- (Semester 3-5)
As you delve into Indian Economics and Macro Economics, go beyond memorization. Analyze current economic events in India (e.g., inflation, GDP growth, government policies) using the theories learned. Participate in economic forums or seminars to broaden your perspective.
Tools & Resources
RBI reports, NITI Aayog documents, The Economic Survey of India, World Bank/IMF reports on India
Career Connection
Essential for roles as economic analysts, researchers, or advisors in both public and private sectors, offering a nuanced understanding of the Indian economy.
Gain Practical Exposure through Internships- (Summer breaks after Sem 3 & 4)
Seek short-term internships during semester breaks, ideally in finance, accounting, or economic research roles. Even unpaid internships offer invaluable practical experience. Focus on applying theoretical knowledge to real-world tasks like data entry, market research, or financial reporting.
Tools & Resources
College placement cell, LinkedIn, Internshala, Local CAs/financial firms
Career Connection
Provides hands-on experience, builds professional networks, and significantly enhances resume value for future placements by demonstrating practical application of skills.
Master Advanced Accounting and Taxation- (Semester 3-5)
Dedicate significant effort to Corporate Accounting, Cost Accounting, and Income Tax. Practice problems extensively and follow updates in Indian tax laws. Consider pursuing certifications like Tally ERP 9 to complement theoretical knowledge with practical software skills relevant to the Indian market.
Tools & Resources
ICAI study materials, Tally software, Income tax portals (e.g., e-filing website), Tax consultant firms
Career Connection
Directly prepares for roles in accounting firms, tax consultancies, and finance departments of companies, where expertise in Indian tax and accounting standards is critical for professional success.
Advanced Stage
Specialize in Applied Economics Research- (Semester 6)
For Development Economics and Public Finance, identify specific policy areas or economic challenges in India (e.g., rural development, fiscal deficits, GST impact). Conduct small research projects or term papers, collecting and analyzing relevant data using basic statistical tools.
Tools & Resources
NSSO data, Census of India, Academic journals (e.g., Economic and Political Weekly), Statistical software (Excel, R basics)
Career Connection
Develops advanced research and analytical skills, highly valued in economic research organizations, government planning bodies, and think tanks focused on Indian policy.
Prepare for Industry-Relevant Certifications- (Semester 6)
Explore certifications like NISM (National Institute of Securities Markets) for financial markets, or basic data analysis certifications (e.g., Google Data Analytics Certificate) which complement economic roles. This adds a practical edge to academic learning and demonstrates specialized skills.
Tools & Resources
NISM modules, Coursera, Udemy, Online tutorials for basic Python/R for data analysis
Career Connection
These certifications demonstrate initiative and specialized skills, making graduates more competitive for roles in financial services, data analysis, and market research within the Indian corporate landscape.
Strategic Placement and Career Planning- (Semester 6)
Actively engage with the college''''s placement cell. Refine your resume and cover letter, practice mock interviews, and attend workshops on group discussions. Network with alumni and industry professionals to understand career paths and job opportunities in the dynamic Indian market.
Tools & Resources
College placement cell, LinkedIn, Professional networking events, Career counseling services
Career Connection
Directly facilitates successful entry into the job market, securing desirable roles aligned with the economics specialization, and kickstarting a fulfilling career.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 3 years / 6 semesters
Credits: 136 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 1.1 | Indian Financial System | Core | 4 | Structure of Indian Financial System, Financial Institutions, Money Market, Capital Market, Financial Instruments |
| BC 1.2 | Financial Accounting - I | Core | 4 | Introduction to Accounting, Accounting Concepts and Conventions, Journal, Ledger, Trial Balance, Final Accounts of Sole Proprietorship, Rectification of Errors |
| BC 1.3 | Principles of Marketing | Core | 4 | Introduction to Marketing, Marketing Environment, Consumer Behavior, Market Segmentation, Targeting, Positioning, Product Life Cycle |
| BC 1.4 | Quantitative Methods for Business - I | Core | 4 | Introduction to Statistics, Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis |
| KAN 1.5 / HIN 1.5 / URD 1.5 / SAN 1.5 / ENG 1.5 | Indian Language - I | Compulsory Language | 2 | Prose and Poetry, Basic Grammar, Composition, Vocabulary, Translation |
| ENG 1.6 | English Language - I | Compulsory Language | 2 | Functional Grammar, Reading Comprehension, Paragraph Writing, Formal Correspondence, Vocabulary Enhancement |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 2.1 | Corporate Administration | Core | 4 | Company Formation, Company Management, Company Meetings, Company Secretary, Corporate Governance |
| BC 2.2 | Financial Accounting - II | Core | 4 | Consignment Accounts, Joint Venture Accounts, Royalty Accounts, Hire Purchase System, Instalment Payment System |
| BC 2.3 | Consumer Behaviour and Advertising | Core | 4 | Consumer Decision Process, Factors Influencing Consumer Behavior, Introduction to Advertising, Advertising Media, Advertising Effectiveness |
| BC 2.4 | Quantitative Methods for Business - II | Core | 4 | Probability Theory, Probability Distributions, Sampling Theory, Hypothesis Testing, Time Series Analysis |
| KAN 2.5 / HIN 2.5 / URD 2.5 / SAN 2.5 / ENG 2.5 | Indian Language - II | Compulsory Language | 2 | Advanced Grammar, Literary Analysis, Report Writing, Oral Communication, Cultural Context |
| ENG 2.6 | English Language - II | Compulsory Language | 2 | Advanced Grammar and Usage, Business Communication, Report and Proposal Writing, Presentation Skills, Public Speaking |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 3.1 | Corporate Accounting - I | Core | 4 | Accounting for Share Capital, Accounting for Debentures, Redemption of Debentures, Underwriting of Shares, Valuation of Goodwill and Shares |
| BC 3.2 | Business Law | Core | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Consumer Protection Act, 2019, Negotiable Instruments Act, 1881, Indian Partnership Act, 1932 |
| BC 3.3 | Cost Accounting - I | Core | 4 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Methods of Costing |
| BC 3.4 | Banking Law and Operations | Core | 4 | Banking Regulation Act, Reserve Bank of India Act, Negotiable Instruments, Banker-Customer Relationship, Digital Banking and E-banking |
| BC 3.5 | Indian Constitution | Ability Enhancement Compulsory Course (AECC) | 2 | Preamble and Fundamental Rights, Directive Principles of State Policy, Union and State Government, Judiciary, Constitutional Amendments |
| BC 3.6 | Environmental Studies | AECC | 2 | Natural Resources and Ecosystems, Biodiversity and Conservation, Environmental Pollution, Social Issues and the Environment, Environmental Ethics and Legislation |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 4.1 | Corporate Accounting - II | Core | 4 | Amalgamation of Companies, Absorption and Reconstruction, Accounting for Banking Companies, Accounting for Insurance Companies, Holding Company Accounts |
| BC 4.2 | Entrepreneurship Development | Core | 4 | Concept of Entrepreneurship, Entrepreneurial Environment, Business Plan Preparation, Small Scale Industries, Institutional Support to Entrepreneurs |
| BC 4.3 | Cost Accounting - II | Core | 4 | Process Costing, Joint and By-Products, Standard Costing, Variance Analysis, Budgetary Control |
| BC 4.4 | Income Tax - I | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Exempted Incomes, Income from Salaries, Income from House Property |
| BC 4.5 | Computer Applications in Business | Skill Enhancement Course (SEC) | 2 | Introduction to MS-Office, Word Processing (MS-Word), Spreadsheet Applications (MS-Excel), Database Management (MS-Access), Presentation Tools (MS-PowerPoint) |
| BC 4.6 | Indian History & Culture | AECC | 2 | Ancient Indian Civilizations, Medieval Indian Dynasties, Bhakti and Sufi Movements, Modern India and Freedom Struggle, Indian Art and Architecture |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 5.1 | Advanced Corporate Accounting | Core | 4 | Partnership Accounts - Dissolution, Amalgamation of Partnership Firms, Insolvency Accounts, Insurance Claims, Accounting Standards |
| BC 5.2 | Auditing | Core | 4 | Principles of Auditing, Types of Audit, Internal Control System, Vouching and Verification, Audit Report |
| BC 5.3 | Income Tax - II | Core | 4 | Profits and Gains of Business/Profession, Capital Gains, Income from Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses |
| BC 5.4 A | Indian Economics | Elective (Economics Specialization) | 4 | Basic Characteristics of Indian Economy, Economic Planning in India, Indian Agriculture, Industrial Policy and Growth, Poverty, Unemployment and Inequality |
| BC 5.5 A | Macro Economics | Elective (Economics Specialization) | 4 | National Income Accounting, Consumption and Investment Functions, Money and Banking, Inflation and Deflation, Fiscal and Monetary Policies |
| BC 5.6 A | E-Commerce | SEC | 2 | Introduction to E-Commerce, E-Business Models, E-Payment Systems, E-Marketing, Legal and Security Issues in E-Commerce |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 6.1 | Management Accounting | Core | 4 | Introduction to Management Accounting, Financial Statement Analysis (Ratio Analysis), Fund Flow Statement, Cash Flow Statement, Marginal Costing and Break-Even Analysis |
| BC 6.2 | Goods and Service Tax (GST) | Core | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, GST Registration and Returns, Valuation and Payment of GST |
| BC 6.3 | International Business | Core | 4 | Theories of International Trade, Foreign Exchange Market, Balance of Payments, International Financial Institutions, Globalization and its Impact |
| BC 6.4 A | Development Economics | Elective (Economics Specialization) | 4 | Concept of Economic Development, Theories of Economic Growth, Population and Human Capital, Poverty Alleviation Strategies, Role of State and Market in Development |
| BC 6.5 A | Public Finance | Elective (Economics Specialization) | 4 | Role of Government in the Economy, Public Expenditure, Sources of Public Revenue (Taxation), Public Debt Management, Fiscal Policy |
| BC 6.6 A | Business Research Methods | SEC | 2 | Introduction to Research, Research Design, Data Collection Methods, Sampling Techniques, Data Analysis and Report Writing |
