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BA in Economics at SRM Institute of Science and Technology (Deemed to be University)
Chengalpattu, Tamil Nadu
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About the Specialization
What is Economics at SRM Institute of Science and Technology (Deemed to be University) Chengalpattu?
This BA Economics program at Sri Ramaswamy Memorial Institute of Science and Technology focuses on building a strong foundation in economic theories, quantitative methods, and their real-world applications. It prepares students to analyze complex economic issues, understand market dynamics, and contribute to policy-making, vital for India''''s growing economy. The program emphasizes both theoretical rigor and practical skills in data analysis and research, aligning with contemporary economic demands.
Who Should Apply?
This program is ideal for high school graduates with a keen interest in understanding societal and market behaviors, economic policies, and global financial trends. It suits analytical thinkers seeking careers in government, banking, research, or academia. Aspiring data analysts, policy advisors, and economic journalists would find this specialization particularly beneficial, along with those preparing for competitive civil services examinations in India.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, data scientists, research associates, financial consultants, and policy analysts. 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 leading firms. The curriculum also supports advanced studies in economics or related fields, both domestically and internationally.
Student Success Practices
Foundation Stage
Build Foundational Quantitative Skills- (Semester 1-2)
Dedicate time weekly to revise mathematical and statistical concepts taught in ''''Mathematical Methods'''' and ''''Data Analysis using Spreadsheet Lab''''. Solve problems regularly from textbooks and online resources to ensure a strong grasp of formulas and their applications, which are critical for advanced economic analysis.
Tools & Resources
Khan Academy, NCERT Mathematics textbooks (Class 11 & 12), Excel tutorials, basic statistics practice problems
Career Connection
A solid quantitative foundation is essential for roles in data analysis, finance, and research, enabling accurate interpretation of economic models and data.
Engage Actively in Core Economic Concepts- (Semester 1-2)
Beyond classroom lectures, read widely on Microeconomics and Indian Economy using supplementary texts and current economic news. Participate in class discussions, form study groups, and clarify doubts promptly to ensure deep understanding of fundamental economic theories and their relevance to India''''s context.
Tools & Resources
The Economic Times, Livemint, NPTEL lectures on introductory economics, standard textbooks by Mankiw, Samuelson
Career Connection
A strong theoretical base is crucial for economic reasoning, policy analysis, and understanding market behavior, directly aiding roles in government and private sector analysis.
Enhance Communicative and Research Skills- (Semester 1-2)
Actively work on improving written and verbal communication through English courses and general assignments. Practice structuring arguments, writing concise reports, and delivering presentations. Utilize the ''''Basic Computer Skills Lab'''' to become proficient in productivity tools, which are vital for academic and professional output.
Tools & Resources
Grammarly, Microsoft Office Suite, Toastmasters International (if available locally), university writing center
Career Connection
Effective communication and presentation skills are paramount for conveying complex economic ideas to diverse audiences, critical for consulting, research, and advocacy roles.
Intermediate Stage
Develop Applied Statistical and Econometric Prowess- (Semester 3-5)
Focus intensely on ''''Statistical Methods'''' and ''''Econometrics I'''' by undertaking practical assignments using real-world economic datasets. Learn to apply statistical software effectively to analyze data, interpret results, and critically evaluate economic hypotheses. Seek out additional online courses for practical software application.
Tools & Resources
SPSS, R, Stata (trial versions or academic licenses), Coursera/edX courses on data analysis, dataset repositories like World Bank, RBI
Career Connection
Expertise in applied econometrics is highly valued in roles like economic forecasting, market research, and policy evaluation in both government and corporate sectors.
Network and Seek Industry Exposure- (Semester 3-5)
Attend guest lectures, workshops, and seminars organized by the Department of Economics or other faculties. Connect with alumni and industry professionals through LinkedIn or university networking events. Actively seek internships during summer breaks in relevant organizations (e.g., banks, research firms, government departments) to gain practical experience.
Tools & Resources
LinkedIn, university career services, professional bodies like Indian Economic Association
Career Connection
Networking opens doors to internship and job opportunities, while industry exposure provides a real-world context to academic learning, enhancing employability.
Specialize through Electives and Research- (Semester 3-5)
Choose department electives strategically based on your career interests (e.g., Financial Economics for finance careers, Agricultural Economics for policy). Start identifying potential research interests for the ''''Research Methodology'''' course, reading extensively in chosen areas, and formulating research questions.
Tools & Resources
Research journals (JSTOR, Google Scholar), faculty mentors, specialized economics books
Career Connection
Specialization helps in carving out a niche, making you a more attractive candidate for specific roles or advanced academic programs aligning with your expertise.
Advanced Stage
Master Research and Project Execution- (Semester 6)
Treat the ''''Project Work'''' as a capstone experience. Apply all learned research methodologies and econometric skills to conduct an independent, rigorous study. Focus on data collection, robust analysis, and clear, structured report writing, preparing a publishable-quality dissertation under faculty guidance.
Tools & Resources
Statistical software, academic databases, university library resources, plagiarism checkers
Career Connection
A well-executed project demonstrates independent research capability, critical thinking, and problem-solving skills, highly valued in research roles, think tanks, and academic careers.
Prepare for Placements and Further Studies- (Semester 6)
Actively engage with the university''''s placement cell, attend resume-building workshops, and participate in mock interviews. Simultaneously, if pursuing higher education, prepare for entrance exams like NET, UPSC, or GRE/GMAT, and research suitable master''''s programs in India or abroad.
Tools & Resources
Career services, online aptitude test platforms, interview preparation guides, professional mentors
Career Connection
Comprehensive preparation ensures smooth transition into desired professional roles or prestigious postgraduate programs, securing future career growth.
Cultivate Entrepreneurial Mindset and Skills- (Semester 6)
Leverage the ''''Entrepreneurship Development'''' course to explore innovative business ideas within the Indian economic context. Engage in case studies, develop mini-business plans, and seek mentorship from local entrepreneurs. Attend startup events to understand the ecosystem and potential for self-employment or intrapreneurship.
Tools & Resources
Startup India resources, NITI Aayog reports, local incubators/accelerators, business plan templates
Career Connection
An entrepreneurial mindset fosters innovation, problem-solving, and leadership, valuable for startup roles, family businesses, or even developing new initiatives within established organizations.
Program Structure and Curriculum
Eligibility:
- Candidate should have passed 10 + 2 with minimum aggregate of 50% marks for students who studied in Higher Secondary Board of Examination or any other equivalent board of examination.
Duration: 3 years / 6 semesters
Credits: 135 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ULC21101 / ULC21102 / ULC21103 | Communicative English I / Professional English I / German I / French I / Japanese I / Mandarin I | Language Core | 4 | Introduction to Communication, Listening Skills, Speaking Skills, Reading Skills, Writing Skills, Basic Grammar |
| UCH21101 | Environmental Studies | Core | 2 | Natural Resources, Ecosystems, Biodiversity, Environmental Pollution, Social Issues and Environment, Human Population and Environment |
| UBEC21101 | Microeconomics I | Core | 4 | Introduction to Economics, Consumer Behavior, Theory of Production, Cost of Production, Market Structure |
| UBEC21102 | Mathematical Methods for Economics I | Core | 4 | Basic Mathematics, Set Theory, Functions and Graphs, Derivatives, Maxima and Minima |
| UBEC21103 | History of Economic Thought | Core | 4 | Early Economic Thought, Classical School, Neo-classical School, Keynesian Economics, Indian Economic Thought |
| UBEL21101 | Basic Computer Skills for Economists Lab | Lab | 2 | Introduction to Computers, MS Word, MS Excel, MS PowerPoint, Internet Browsing, Data Management Basics |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ULC21201 / ULC21202 / ULC21203 | Communicative English II / Professional English II / German II / French II / Japanese II / Mandarin II | Language Core | 4 | Advanced Communication, Public Speaking, Report Writing, Presentation Skills, Business Correspondence, Cross-Cultural Communication |
| UCH21201 | Value Education | Core | 2 | Human Values, Ethical Principles, Religious Values, Social Values, Personal Development, Professional Ethics |
| UBEC21201 | Microeconomics II | Core | 4 | Monopoly, Monopolistic Competition, Oligopoly, Factor Pricing, Welfare Economics, General Equilibrium |
| UBEC21202 | Mathematical Methods for Economics II | Core | 4 | Integral Calculus, Differential Equations, Matrix Algebra, Input-Output Analysis, Linear Programming |
| UBEC21203 | Indian Economy | Core | 4 | Structure of Indian Economy, Agricultural Sector, Industrial Sector, Service Sector, Economic Reforms, Poverty and Inequality |
| UBEL21201 | Data Analysis using Spreadsheet Lab | Lab | 2 | Spreadsheet Functions, Data Sorting and Filtering, Charts and Graphs, Statistical Tools, Regression Analysis, Data Interpretation |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ULC21301 / ULC21302 / ULC21303 | Tamil I / Hindi I / Other Indian Language I | Language | 3 | Basic Grammar, Reading Comprehension, Writing Practice, Spoken Language, Cultural Aspects, Vocabulary Building |
| UBEC21301 | Macroeconomics I | Core | 4 | National Income Accounting, Classical Theory of Employment, Keynesian Theory of Employment, Consumption Function, Investment Function, Money and Prices |
| UBEC21302 | Statistical Methods for Economics I | Core | 4 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Probability Theory, Sampling Methods, Correlation |
| UBEC21303 | Public Economics | Core | 4 | Role of Government, Public Goods, Externalities, Public Revenue, Public Expenditure, Public Debt |
| UBEC21304 | Development Economics | Core | 4 | Concepts of Development, Theories of Development, Population and Development, Human Capital, Poverty and Inequality, Environmental Issues |
| UBEXX301 | General Elective I | Elective | 4 |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ULC21401 / ULC21402 / ULC21403 | Tamil II / Hindi II / Other Indian Language II | Language | 3 | Advanced Grammar, Literary Appreciation, Essay Writing, Formal Correspondence, Translation, Advanced Vocabulary |
| UBEC21401 | Macroeconomics II | Core | 4 | Money Market, IS-LM Model, Inflation, Business Cycles, Open Economy Macroeconomics, Fiscal and Monetary Policy |
| UBEC21402 | Statistical Methods for Economics II | Core | 4 | Regression Analysis, Time Series Analysis, Index Numbers, Hypothesis Testing, Chi-Square Test, ANOVA |
| UBEC21403 | International Economics | Core | 4 | Theories of International Trade, Terms of Trade, Trade Policy, Balance of Payments, Foreign Exchange Market, International Economic Organizations |
| UBEC21404 | Environmental Economics | Core | 4 | Economics and Environment, Environmental Problems, Valuing Environmental Goods, Environmental Policy, Sustainable Development, Climate Change |
| UBEXX401 | General Elective II | Elective | 4 |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| UBEC21501 | Monetary Economics | Core | 4 | Nature of Money, Demand for Money, Supply of Money, Monetary Policy, Central Banking, Commercial Banking |
| UBEC21502 | Econometrics I | Core | 4 | Introduction to Econometrics, Simple Linear Regression, Multiple Linear Regression, Assumptions of OLS, Problem of Multicollinearity, Problem of Heteroscedasticity |
| UBEC21503 | Research Methodology for Economics | Core | 4 | Meaning of Research, Research Design, Data Collection, Sampling Techniques, Data Analysis, Report Writing |
| UBEC21E0X | Department Elective I (Choice from Entrepreneurial, Resource, Behavioral Economics) | Elective | 3 | |
| UBEC21E0X | Department Elective II (Choice from Industrial, Health, Agricultural Economics) | Elective | 3 | |
| UBEL21501 | Statistical Package Lab | Lab | 2 | Introduction to Statistical Software, Data Entry, Descriptive Statistics, Inferential Statistics, Regression Output Interpretation, Report Generation |
| UBEXX501 | Open Elective I | Elective | 3 |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| UBEC21601 | Fiscal Economics | Core | 4 | Fiscal Policy, Fiscal Federalism, Budgeting, Taxation, Government Spending, Fiscal Reforms |
| UBEC21602 | Econometrics II | Core | 4 | Autocorrelation, Dummy Variables, Qualitative Response Models, Simultaneous Equation Models, Time Series Econometrics, Forecasting |
| UBEC21P01 | Project Work | Project | 6 | Research Topic Selection, Literature Review, Methodology Development, Data Collection, Data Analysis, Dissertation Writing |
| UBEC21E0X | Department Elective III (Choice from Rural, Urban, Welfare Economics) | Elective | 3 | |
| UBEC21E0X | Department Elective IV (Choice from Financial, Labour, Gender Economics) | Elective | 3 | |
| UBEL21601 | Entrepreneurship Development | Skill Enhancement Course | 2 | Concept of Entrepreneurship, Business Idea Generation, Business Plan, Funding Sources, Marketing Strategies, Legal Aspects of Business |
