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M-A in Economics at SRI KRISHNA VERMA MAHAVIDYALAYA, BHAWANI KHEDA
Hardoi, Uttar Pradesh
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About the Specialization
What is Economics at SRI KRISHNA VERMA MAHAVIDYALAYA, BHAWANI KHEDA Hardoi?
This M.A. Economics program at SRI KRISHNA VERMA MAHAVIDYALAYA, affiliated with CSJMU, focuses on developing a deep understanding of economic theories, quantitative methods, and Indian economic policy. The curriculum is designed to equip students with analytical skills essential for addressing complex economic challenges. It emphasizes both theoretical foundations and practical applications, making graduates relevant for diverse roles in the rapidly evolving Indian economy. The program integrates contemporary topics to ensure a holistic learning experience.
Who Should Apply?
This program is ideal for fresh graduates with a Bachelor''''s degree in Economics or a related field, seeking advanced knowledge and analytical expertise. It also caters to working professionals aiming to enhance their understanding of economic principles for policy analysis, research, or financial roles. Career changers looking to transition into economic research, data analysis, or public sector roles will find the rigorous curriculum highly beneficial. Strong analytical aptitude and an interest in socio-economic issues are key prerequisites for prospective students.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economists, policy analysts, researchers, data analysts, financial consultants, and academicians. Entry-level salaries typically range from INR 3-6 lakhs per annum, with experienced professionals earning significantly more (INR 8-15+ lakhs) in government, think tanks, financial services, and consulting firms. Growth trajectories include leadership positions in policy formulation, economic journalism, and senior research roles. The program aligns with the analytical demands for professional certifications in financial analysis and data science.
Student Success Practices
Foundation Stage
Master Core Economic Theories- (Semester 1-2)
Diligently study micro and macroeconomic theories, focusing on understanding underlying assumptions and real-world implications. Participate actively in classroom discussions and form study groups to clarify concepts. Regularly practice problem-solving exercises from textbooks and previous year''''s papers.
Tools & Resources
Standard textbooks (e.g., Mankiw, Pindyck, Dornbusch), NPTEL lectures, online economics forums, peer study groups
Career Connection
A strong theoretical foundation is crucial for advanced economic analysis and helps in competitive exams for government and research roles.
Develop Quantitative Skills Early- (Semester 1-2)
Pay special attention to Quantitative Methods and Econometrics. Practice statistical software (like Excel, R/Python basics) for data analysis. Enroll in online courses for foundational statistics and basic programming relevant to economics to supplement classroom learning.
Tools & Resources
Coursera/edX courses on ''''Introduction to R for Econometrics'''', ''''Basic Statistics'''', Microsoft Excel, NPTEL for Quantitative Methods
Career Connection
Proficiency in quantitative methods is highly valued for roles in data analysis, finance, and economic consulting, both in India and globally.
Engage with Indian Economic Issues- (Semester 1-2)
Beyond textbooks, regularly read leading Indian economic newspapers (e.g., The Economic Times, Business Standard) and magazines (e.g., EPW). Participate in debates on current economic policies and their impact on various sectors in India. Attend college seminars on Indian economy.
Tools & Resources
Economic & Political Weekly (EPW), The Economic Times, Livemint, RBI Bulletins, NITI Aayog reports, college departmental seminars
Career Connection
This builds contextual understanding, critical for roles in policy analysis, government service, and economic journalism in India.
Intermediate Stage
Undertake Mini-Research Projects- (Semester 3)
Apply theoretical knowledge and quantitative skills by working on small research projects. Identify a local economic problem, collect basic data (survey/secondary), and analyze it. This could be a group project or an independent assignment under faculty guidance.
Tools & Resources
Google Scholar, JSTOR, NSSO data, Census of India, basic survey tools, faculty mentors
Career Connection
Develops practical research skills, problem-solving abilities, and adds valuable experience to your resume for higher studies or research positions.
Seek Internships and Industry Exposure- (Semester 3-4 (during breaks))
Actively look for short-term internships during semester breaks with local NGOs, government departments (e.g., District Industries Centre), research organizations, or financial institutions. Even unpaid internships offer invaluable exposure to real-world economic applications.
Tools & Resources
Internshala, LinkedIn, college placement cell (if available), direct applications to local organizations
Career Connection
Internships bridge the gap between academic learning and industry demands, enhancing employability and providing networking opportunities for future placements in India.
Build a Portfolio of Analytical Work- (Semester 3-4)
Start compiling all your data analysis projects, essays, and research papers into a digital portfolio. This could include code snippets, data visualizations, and concise reports. Highlight the economic insights derived from your analysis.
Tools & Resources
GitHub, personal website/blog, Google Drive, academic writing tools
Career Connection
A well-curated portfolio demonstrates your analytical capabilities to potential employers and academic institutions, particularly for roles in data science or research.
Advanced Stage
Intensive Preparation for Placement/Higher Studies- (Semester 4)
Dedicatedly prepare for campus placements, competitive exams (UGC-NET, UPSC Economics optional), or entrance exams for PhD programs. Focus on mock interviews, aptitude tests, and revising core economic concepts thoroughly. Seek career counseling and mock interview practice.
Tools & Resources
Previous year question papers, coaching institutes, university career services, online aptitude test platforms, senior alumni network
Career Connection
Directly impacts securing desired job roles, admission to prestigious PhD programs, or success in India''''s competitive public service examinations.
Undertake a Comprehensive Dissertation/Project- (Semester 4)
Choose a research topic that genuinely interests you and aligns with your career aspirations. Work closely with your supervisor, dedicating significant time to data collection, rigorous analysis, and academic writing. Aim for originality and strong empirical evidence.
Tools & Resources
Academic journals (JSTOR, Springer, Wiley), specialized statistical software (Stata, EViews, R), university library resources, thesis writing guides
Career Connection
A high-quality dissertation is a testament to your research capabilities, crucial for academic careers, think tank positions, and adds weight to job applications requiring analytical rigor.
Network and Engage with Professional Bodies- (Semester 4)
Attend economics conferences, workshops, and seminars organized by professional bodies or universities in India. Connect with faculty, researchers, and professionals in your area of interest. Join economic associations for students or young professionals.
Tools & Resources
Indian Economic Association, TIES (The Indian Econometric Society), regional economic associations, university departmental events, LinkedIn
Career Connection
Expands your professional network, opens doors to collaboration, mentorship, and informs you about emerging trends and job opportunities within the Indian economic landscape.
Program Structure and Curriculum
Eligibility:
- Graduate (B.A./B.Sc.) in Economics or a related discipline from a recognized University.
Duration: 2 years (4 semesters)
Credits: 88 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAE-101 | Microeconomic Theory I | Core | 4 | Consumer Behavior Theories, Production and Cost Analysis, Market Structures: Perfect Competition, Welfare Economics and Market Failure, Risk and Uncertainty |
| MAE-102 | Macroeconomic Theory I | Core | 4 | National Income Accounting, Classical and Keynesian Theories of Employment, Consumption and Investment Theories, Money, Inflation and Banking, Aggregate Demand and Aggregate Supply |
| MAE-103 | Quantitative Methods for Economic Analysis | Core | 4 | Mathematical Economics: Calculus and Linear Algebra, Statistical Methods: Probability and Distributions, Hypothesis Testing and Sampling, Correlation and Regression Analysis, Time Series Analysis Introduction |
| MAE-104 | Indian Economic Policy I | Core | 4 | Structure of Indian Economy, Agricultural Sector: Issues and Policies, Industrial Sector: Growth and Reforms, Poverty, Inequality and Employment, Fiscal Federalism in India |
| MAE-105 | Open Elective / Skill Enhancement Course (e.g., Data Analysis for Economics) | Elective / Skill | 2 | Introduction to Data Sources, Descriptive Statistics using Software (Excel/R), Data Visualization, Basic Econometric Software Usage, Economic Data Interpretation |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAE-201 | Microeconomic Theory II | Core | 4 | Monopoly and Price Discrimination, Oligopoly and Game Theory, Factor Pricing and Distribution, General Equilibrium Analysis, Asymmetric Information |
| MAE-202 | Macroeconomic Theory II | Core | 4 | Business Cycles Theories, Fiscal Policy and its Effectiveness, Monetary Policy and Instruments, Open Economy Macroeconomics, New Classical and New Keynesian Economics |
| MAE-203 | Econometrics | Core | 4 | Classical Linear Regression Model (CLRM), Violation of CLRM Assumptions (Multicollinearity, Heteroscedasticity), Autocorrelation and its Solutions, Dummy Variables and Limited Dependent Variables, Panel Data Introduction |
| MAE-204 | Indian Economic Policy II | Core | 4 | Financial Sector Reforms in India, External Sector: Trade, FDI and BOP, Economic Reforms and Liberalization, Role of Public Sector and Privatization, Social Sector Development in India |
| MAE-205 | Elective Course (e.g., Environmental Economics) | Elective | 4 | Environmental Externalities and Public Goods, Valuation of Environmental Goods, Sustainable Development Theories, Environmental Policies in India, Climate Change Economics |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAE-301 | Public Economics | Core | 4 | Role of Government in the Economy, Public Goods and Externalities, Public Revenue and Taxation, Public Expenditure and Budgeting, Debt and Deficit Financing |
| MAE-302 | Development Economics I | Core | 4 | Theories of Economic Growth and Development, Poverty, Inequality and Measurement, Population and Development, Human Capital and Education, Role of Institutions |
| MAE-303 | Elective Course (e.g., International Economics) | Elective | 4 | Theories of International Trade, Terms of Trade and Trade Policy, Balance of Payments, Foreign Exchange Markets, WTO and International Trade Institutions |
| MAE-304 | Elective Course (e.g., Financial Institutions and Markets) | Elective | 4 | Structure of Financial System, Money Market Instruments, Capital Market and Stock Exchanges, Commercial Banking and NBFCs, Financial Sector Reforms in India |
| MAE-305 | Skill Enhancement Course (e.g., Computer Applications for Economic Analysis) | Skill | 2 | Spreadsheet for Economic Data, Statistical Package Introduction (SPSS/Stata), Database Management Basics, Presentation Tools for Economic Reports, Online Resources for Economic Research |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAE-401 | Development Economics II | Core | 4 | Agricultural and Industrial Development Strategies, Foreign Aid and FDI in Developing Countries, Globalisation and its Impact on Development, Sustainable Development Goals (SDGs), Human Development Index |
| MAE-402 | Research Methodology | Core | 4 | Research Design and Problem Formulation, Data Collection Methods (Primary & Secondary), Sampling Techniques, Data Analysis and Interpretation, Report Writing and Referencing Styles |
| MAE-403 | Elective Course (e.g., Agricultural Economics) | Elective | 4 | Agricultural Policy in India, Crop Production and Productivity, Agricultural Marketing and Finance, Food Security and Public Distribution System, WTO and Indian Agriculture |
| MAE-404 | Elective Course (e.g., Industrial Economics) | Elective | 4 | Industrial Organization and Market Structure, Industrial Sickness and Revival, Industrial Policies in India, Small and Medium Enterprises (SMEs), FDI and Indian Industry |
| MAE-405 | Dissertation / Project Work | Project | 8 | Independent Research Project Design, Data Collection and Analysis for Specific Topic, Empirical / Theoretical Thesis Development, Academic Writing and Presentation Skills, Viva Voce Examination |
