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BA-HONS in Economics at S.S.L.N.T. Mahila Mahavidyalaya, Dhanbad
Dhanbad, Jharkhand
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About the Specialization
What is Economics at S.S.L.N.T. Mahila Mahavidyalaya, Dhanbad Dhanbad?
This Economics (Honours) program at Shree Shree Lakshmi Narayan Trust Mahila Mahavidyalaya focuses on equipping students with a robust understanding of economic theories and their applications in an Indian context. The curriculum emphasizes analytical thinking, quantitative skills, and a critical perspective on national and global economic challenges. It prepares students for diverse roles in public policy, business analytics, and research, addressing the growing demand for skilled economists in India''''s evolving market.
Who Should Apply?
This program is ideal for high school graduates with a keen interest in economic phenomena, policy analysis, and problem-solving. It caters to those aspiring to careers in financial services, government organizations, research institutions, and academia. Students with a strong aptitude for mathematics, statistics, and critical reasoning will find this program particularly rewarding, providing a solid foundation for further postgraduate studies or direct entry into the workforce.
Why Choose This Course?
Graduates of this program can expect to pursue various India-specific career paths, including roles as economic analysts, data scientists, policy researchers, financial advisors, and market analysts. Entry-level salaries in India typically range from INR 3-5 LPA, growing significantly with experience. The program aligns with skills required for competitive exams like UPSC, RBI Grade B, and other public sector opportunities, fostering a strong foundation for sustained professional growth.
Student Success Practices
Foundation Stage
Strengthen Core Economic Concepts- (Semester 1-2)
Dedicate time to deeply understand fundamental micro and macroeconomic theories. Actively participate in lectures, clarify doubts promptly, and utilize supplementary materials like NPTEL courses or accessible online resources to solidify understanding of basic principles and mathematical methods. Form study groups to discuss complex topics.
Tools & Resources
NCERT Economics books (Class 11 & 12), Mankiw''''s Principles of Economics, NPTEL online courses, Peer study groups
Career Connection
A strong conceptual base is crucial for advanced courses and forms the bedrock for analytical roles in any economic field, aiding success in competitive exams and entry-level analytical positions.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Focus intently on mathematical and statistical methods for economics. Regularly practice problems, solve case studies, and use software like Excel for basic data analysis. Attend workshops on quantitative techniques to build confidence and proficiency in handling economic data.
Tools & Resources
Excel, Khan Academy (for maths refreshers), R.S. Aggarwal''''s Quantitative Aptitude, University Library resources
Career Connection
These skills are highly sought after in analytics, finance, and research roles, directly impacting employability in India''''s data-driven economy.
Engage with Current Economic Affairs- (Semester 1-2)
Regularly read leading Indian business newspapers (e.g., The Economic Times, Business Standard) and magazines. Follow economic news from reputable sources like RBI, NITI Aayog, and Ministry of Finance reports. Discuss current events in class or with peers to connect theoretical knowledge with real-world scenarios.
Tools & Resources
The Economic Times, Business Standard, Mint, RBI website, NITI Aayog reports
Career Connection
Staying updated with current affairs is vital for competitive exams, interview preparation, and for becoming an informed economist capable of contributing to policy discussions in India.
Intermediate Stage
Undertake Practical Research Projects- (Semester 3-5)
Engage in small research projects or term papers, applying economic theories to Indian specific issues such as agricultural policies, demonetization impact, or rural development. Utilize secondary data from sources like NSSO, CSO, and government surveys. Seek guidance from faculty on methodology and analysis.
Tools & Resources
NSSO data, CMIE ProwessIQ (if institution subscribes), EconPapers, University faculty mentors
Career Connection
Practical research experience enhances analytical and problem-solving skills, making students more attractive for research roles in think tanks, consulting, and government organizations.
Explore Skill Enhancement Courses (SEC) and Internships- (Semester 3-5)
Carefully select SEC papers that complement career interests, such as Data Analysis, Econometrics, or Computer Applications in Economics. Actively seek out short-term internships during breaks at local businesses, NGOs, or research centers to gain real-world exposure to economic applications.
Tools & Resources
LinkedIn (for internship searches), College placement cell, Local NGOs and start-ups
Career Connection
Internships provide crucial practical experience, build professional networks, and often lead to pre-placement offers, significantly boosting employability in the Indian job market.
Participate in Economic Debates and Competitions- (Semester 3-5)
Join college economics clubs, participate in inter-college debates, essay competitions, and economic quizzes. Such activities hone public speaking, critical thinking, and quick problem-solving skills, which are essential for competitive exams and professional roles.
Tools & Resources
College Economics Club, Inter-college events, Online forums for economic discussions
Career Connection
Participation in such events builds confidence, enhances communication skills, and provides a platform to network with peers and potential mentors, invaluable for career growth.
Advanced Stage
Specialized Skill Development and Portfolio Building- (Semester 6)
Focus on developing advanced skills relevant to your chosen career path through Discipline Specific Electives (DSEs) and additional certifications. For example, pursue certifications in financial modeling, statistical software (R, Python for data analysis), or specific economic tools. Create a portfolio of projects and analytical reports.
Tools & Resources
Coursera/edX (for certifications), R/Python tutorials, Financial Modeling & Valuation Analyst (FMVA) certification, Capstone projects
Career Connection
Specialized skills and a strong portfolio directly prepare you for specific roles in finance, data analytics, or economic consulting, offering a competitive edge in Indian job markets.
Intensive Placement and Competitive Exam Preparation- (Semester 6)
Begin rigorous preparation for campus placements or target competitive exams (UPSC, RBI, IES). Attend mock interviews, group discussions, and aptitude tests. Network with alumni working in your desired sectors for guidance and mentorship. Refine resume and cover letter writing skills.
Tools & Resources
Placement cell resources, Online test series (e.g., for UPSC, RBI), Alumni network on LinkedIn, Mock interview platforms
Career Connection
Dedicated preparation is key to securing desirable placements in leading Indian companies or cracking prestigious government/banking sector examinations, ensuring a strong career launch.
Network with Industry Professionals and Academics- (Semester 6)
Attend economics seminars, webinars, and conferences (both local and national) to engage with professionals, researchers, and policymakers. Build a professional network on platforms like LinkedIn, connecting with alumni and industry leaders. This can open doors to mentorship, internships, and job opportunities.
Tools & Resources
LinkedIn, Economic conferences (e.g., IEA conferences), Guest lectures at college
Career Connection
Networking is paramount for career advancement, offering insights into industry trends, potential collaborations, and direct access to job opportunities in various economic sectors across India.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 (Intermediate) or equivalent examination from a recognized board with minimum 45% marks for General/OBC and 40% for SC/ST.
Duration: 3 years / 6 semesters
Credits: 140 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-1 | Introductory Microeconomics | Core | 6 | Introduction to Microeconomics, Theory of Consumer Behaviour, Theory of Production and Cost, Market Forms and Pricing |
| ECO-CC-2 | Mathematical Methods for Economics-I | Core | 6 | Basic Concepts (Numbers, Algebra), Functions (Linear, Quadratic, Polynomial), Differentiation (Rules, Applications), Integration (Rules, Applications) |
| GE-1 | Generic Elective - I | Generic Elective | 6 | |
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Multidisciplinary Nature of Environmental Studies, Ecosystems and Biodiversity, Environmental Pollution, Social Issues and the Environment, Environmental Ethics |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-3 | Introductory Macroeconomics | Core | 6 | Introduction to Macroeconomics, National Income Accounting, Determination of Output and Employment, Money and Inflation |
| ECO-CC-4 | Mathematical Methods for Economics-II | Core | 6 | Matrices and Determinants, Linear Programming, Input-Output Analysis, Difference Equations |
| GE-2 | Generic Elective - II | Generic Elective | 6 | |
| AECC-2 | English Communication / MIL Communication (Hindi/Urdu/Bengali) | Ability Enhancement Compulsory Course | 2 | Listening and Speaking Skills, Reading Comprehension and Writing, Grammar and Vocabulary, Communication Theories |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-5 | Intermediate Microeconomics-I | Core | 6 | Consumer Theory (Indifference Curves, Utility), Production and Cost Theory (Isoquants, Cost Functions), Perfect Competition, Monopoly |
| ECO-CC-6 | Intermediate Macroeconomics-I | Core | 6 | Classical and Keynesian Systems, National Income Determination, IS-LM Model, Aggregate Demand and Aggregate Supply |
| ECO-CC-7 | Indian Economy-I | Core | 6 | Basic Features of Indian Economy, Economic Planning in India, Agriculture Sector Issues, Industrial Sector Performance |
| SEC-1 | Skill Enhancement Course - I | Skill Enhancement Course | 2 | |
| GE-3 | Generic Elective - III | Generic Elective | 6 |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-8 | Intermediate Microeconomics-II | Core | 6 | Oligopoly and Game Theory, Factor Markets, General Equilibrium, Welfare Economics and Market Failures |
| ECO-CC-9 | Intermediate Macroeconomics-II | Core | 6 | Consumption and Investment Functions, Money Supply and Demand, Monetary Policy, Fiscal Policy |
| ECO-CC-10 | Indian Economy-II | Core | 6 | Service Sector Growth, Foreign Trade and BOP, Public Finance in India, Poverty, Inequality and Unemployment, Economic Reforms since 1991 |
| SEC-2 | Skill Enhancement Course - II | Skill Enhancement Course | 2 | |
| GE-4 | Generic Elective - IV | Generic Elective | 6 |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-11 | Public Economics | Core | 6 | Role of Government in Economy, Public Goods, Externalities, Asymmetric Information, Taxation Principles and Structure, Public Expenditure, Fiscal Federalism |
| ECO-CC-12 | Development Economics-I | Core | 6 | Theories of Economic Growth and Development, Characteristics of Developing Economies, Poverty, Inequality, and Income Distribution, Population and Human Capital |
| DSE-1 | Discipline Specific Elective - I | Discipline Specific Elective | 6 | |
| DSE-2 | Discipline Specific Elective - II | Discipline Specific Elective | 6 |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECO-CC-13 | International Economics | Core | 6 | Theories of International Trade, Terms of Trade and Gains from Trade, Tariffs and Non-Tariff Barriers, Balance of Payments, Exchange Rates and Open Economy Macroeconomics |
| ECO-CC-14 | Development Economics-II | Core | 6 | Agriculture and Industrialization in Development, Role of Trade and Foreign Capital, Environment and Sustainable Development, Development Planning and State Intervention |
| DSE-3 | Discipline Specific Elective - III | Discipline Specific Elective | 6 | |
| DSE-4 | Discipline Specific Elective - IV | Discipline Specific Elective | 6 |
