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MA in Economics at S.K.V.M. College, Fatuha
Patna, Bihar
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About the Specialization
What is Economics at S.K.V.M. College, Fatuha Patna?
This MA Economics program at Sri Krishna Vallabh Mahavidyalaya, affiliated with Patliputra University, focuses on providing a comprehensive understanding of economic theories, policies, and their application to real-world challenges, particularly within the Indian context. It prepares students for analytical roles in government, research, and private sectors, addressing India''''s evolving economic landscape.
Who Should Apply?
This program is ideal for fresh graduates with a Bachelor''''s degree in Economics or a related discipline who aspire to build a strong foundation in advanced economic concepts. It also suits working professionals looking to enhance their analytical skills for policy formulation, research, or academic careers, particularly those keen on contributing to India''''s economic growth.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economists, researchers, data analysts, and policy advisors in government bodies (e.g., NITI Aayog, RBI), public sector undertakings, and private banks. Entry-level salaries typically range from INR 3-6 lakhs annually, with significant growth potential in specialized roles and experience.
Student Success Practices
Foundation Stage
Master Core Economic Theories- (Semester 1-2)
Dedicate time to thoroughly understand microeconomics, macroeconomics, and quantitative methods. Form study groups, solve numerical problems regularly, and refer to standard Indian and international textbooks. This builds a robust analytical foundation.
Tools & Resources
NCERT Economics books for revision, R.C. Agrawal, H.L. Ahuja, N. Gregory Mankiw textbooks, Online resources like Khan Academy
Career Connection
Strong theoretical understanding is crucial for competitive exams (UPSC, RBI Grade B) and for effectively analyzing economic data in professional roles.
Develop Quantitative and Statistical Skills- (Semester 1-2)
Beyond theoretical understanding, practice applying quantitative methods using software like R or Python for basic statistical analysis. Focus on interpreting results rather than just calculations. Participate in workshops on data analysis if available.
Tools & Resources
R/Python programming for data analysis, Spreadsheet software (Excel), Books on econometrics and statistics for economics
Career Connection
Essential for roles in economic research, data analytics, and financial modeling, highly valued in the Indian job market.
Stay Updated on Indian Economic Policy- (Semester 1-2)
Regularly read financial newspapers (The Economic Times, Business Standard) and government economic reports (Economic Survey of India, RBI publications). This helps connect theoretical knowledge with India''''s policy landscape and current affairs.
Tools & Resources
Economic Survey of India, Union Budget documents, RBI Annual Reports, Financial newspapers and magazines
Career Connection
Critical for public sector roles, think tanks, and any position requiring an understanding of India''''s economic context and policy environment.
Intermediate Stage
Undertake Mini-Research Projects- (Semester 3)
Collaborate with peers or faculty on small research projects, even if informal. This provides hands-on experience in identifying research questions, data collection, and basic analysis, building confidence for the final dissertation.
Tools & Resources
JSTOR, Google Scholar, ResearchGate, Basic statistical software (e.g., PSPP, Gretl)
Career Connection
Develops critical thinking, problem-solving, and research skills, highly valuable for academic pursuits, policy analysis, and advanced research roles.
Explore Elective Specializations Strategically- (Semester 3)
Choose elective subjects (like Environmental Economics, Industrial Economics, or International Economics) based on your career interests and market demand. Dive deeper into these areas through additional readings and industry reports.
Tools & Resources
Specialized journals in chosen elective fields, Industry reports (e.g., from FICCI, CII), Online courses on platforms like Coursera/edX
Career Connection
Allows for early specialization, making you a more attractive candidate for specific roles in environmental consultancy, industrial policy, or international trade organizations.
Network with Alumni and Industry Professionals- (Semester 3)
Attend any college or university-organized seminars, webinars, or alumni meet-ups. Connect with professionals working in your areas of interest. Their insights can guide your career path and open doors to internships.
Tools & Resources
LinkedIn profiles of alumni, University career services cell, Industry association events (e.g., ASSOCHAM, NASSCOM)
Career Connection
Builds professional contacts, offers mentorship opportunities, and provides real-world perspectives on career options in the Indian market.
Advanced Stage
Prepare a Strong Dissertation/Project Work- (Semester 4)
Choose a relevant research topic, conduct thorough literature review, collect and analyze data rigorously, and present your findings effectively. This is your flagship academic output, showcasing your research capabilities.
Tools & Resources
Reference management software (Zotero, Mendeley), Advanced statistical software (Stata, EViews, R), Academic writing guides
Career Connection
A well-executed dissertation is a significant asset for research roles, PhD applications, and demonstrating advanced analytical skills to potential employers.
Engage in Placement Preparation Activities- (Semester 4)
Participate actively in campus placement drives. Prepare a targeted resume, practice group discussions, and hone interview skills. Focus on articulating your economic knowledge in a practical, problem-solving context relevant to Indian employers.
Tools & Resources
University placement cell resources, Mock interview sessions, Online aptitude test platforms
Career Connection
Directly enhances chances of securing desirable placements in banks, consultancies, research firms, or government organizations across India.
Develop Communication and Presentation Skills- (Semester 4)
Participate in debates, seminars, and present your project work clearly and concisely. Effective communication of complex economic ideas is as important as the ideas themselves, especially in policy-making and advisory roles.
Tools & Resources
Toastmasters clubs (if available), Presentation software (PowerPoint, Google Slides), Public speaking workshops
Career Connection
Crucial for leadership roles, policy advocacy, and client-facing positions where conveying insights clearly is paramount for career progression in India.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 4 semesters / 2 years
Credits: 68 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| PGECO C01 | Micro Economics - I | Core | 4 | Consumer Behaviour Analysis, Production and Cost Theories, Market Structures and Pricing, Welfare Economics Principles, General Equilibrium Concept |
| PGECO C02 | Macro Economics - I | Core | 4 | National Income Accounting, Theories of Consumption and Investment, Money and Inflation Theories, Monetary and Fiscal Policies, Business Cycles Analysis |
| PGECO C03 | Quantitative Methods - I | Core | 4 | Matrices and Determinants, Differential and Integral Calculus, Probability Theory, Statistical Inference Techniques, Simple Regression Analysis |
| PGECO C04 | Indian Economic Policy - I | Core | 4 | Structure of Indian Economy, Agricultural Sector Issues, Industrial Sector Development, Economic Reforms in India, Poverty and Inequality Challenges |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| PGECO C05 | Micro Economics - II | Core | 4 | Advanced General Equilibrium, Paretian Welfare Economics, Factor Market Analysis, Game Theory Applications, Economics of Information |
| PGECO C06 | Macro Economics - II | Core | 4 | IS-LM Model with Extensions, Open Economy Macroeconomics, Rational Expectations Hypothesis, Supply Side Economics, Macroeconomic Policy Debates |
| PGECO C07 | Quantitative Methods - II | Core | 4 | Econometric Methods, Time Series Analysis, Index Numbers and Their Uses, Linear Programming, Input-Output Analysis |
| PGECO C08 | Indian Economic Policy - II | Core | 4 | Economic Planning in India, Public Finance and Fiscal Policy, India''''s External Sector, Service Sector Growth, Demographic Profile and Implications |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| PGECO C09 | Development Economics - I | Core | 4 | Theories of Economic Growth, Poverty and Malnutrition, Income Inequality Analysis, Human Capital and Development, Role of Agriculture in Development |
| PGECO C10 | Public Economics - I | Core | 4 | Public Goods and Externalities, Sources of Public Revenue, Principles of Taxation, Fiscal Policy Objectives, Public Expenditure Analysis |
| PGECO DSE 01 | Economics of Environment (Discipline Specific Elective) | Elective | 4 | Environmental Problems and Concerns, Valuation of Environmental Resources, Environmental Policy Instruments, Sustainable Development Concepts, Climate Change Economics |
| PGECO DSE 02 | Rural Economics (Discipline Specific Elective) | Elective | 4 | Rural Development Strategies, Agricultural Marketing Issues, Rural Credit and Indebtedness, Poverty Alleviation Programs, Rural Non-Farm Sector |
| PGECO DSE 03 | Economics of Infrastructure (Discipline Specific Elective) | Elective | 4 | Infrastructure and Economic Growth, Transport Economics, Energy Sector Challenges, Communication Infrastructure, Social Infrastructure Development |
| PGECO DSE 04 | Industrial Economics (Discipline Specific Elective) | Elective | 4 | Industrial Organization Theories, Market Concentration and Power, Industrial Sickness and Revival, Industrial Policy in India, Small Scale Industries Role |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| PGECO C11 | Development Economics - II | Core | 4 | International Trade and Development, Foreign Aid and FDI, Technology Transfer Mechanisms, Sustainable Development Goals (SDGs), Endogenous Growth Models |
| PGECO C12 | Public Economics - II | Core | 4 | Public Debt Management, Budgeting and Financial Administration, Fiscal Federalism in India, Deficit Financing Implications, Local Government Finance |
| PGECO DSE 05 | Demography (Discipline Specific Elective) | Elective | 4 | Population Theories and Models, Demographic Transition Stages, Fertility and Mortality Trends, Migration Patterns and Impacts, Population Policies in India |
| PGECO DSE 06 | International Economics (Discipline Specific Elective) | Elective | 4 | Theories of International Trade, Terms of Trade Analysis, Balance of Payments Account, Exchange Rate Regimes, Trade Policy Instruments |
| PGECO DSE 07 | Financial Economics (Discipline Specific Elective) | Elective | 4 | Financial Markets and Instruments, Portfolio Theory and Diversification, Asset Pricing Models, Risk Management Techniques, Derivatives Markets |
| PGECO DSE 08 | Labour Economics (Discipline Specific Elective) | Elective | 4 | Labour Market Theories, Wage Determination Models, Unemployment Causes and Cures, Role of Trade Unions, Labour Legislation in India |
| PGECO Project | Project Work / Dissertation | Project | 4 | Research Problem Identification, Literature Review and Hypothesis, Research Design and Methodology, Data Collection and Analysis, Report Writing and Presentation |
