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B-A-ECONOMICS in Economics at St. Aloysius College, Edathua
Alappuzha, Kerala
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About the Specialization
What is Economics at St. Aloysius College, Edathua Alappuzha?
This Economics program at St. Aloysius College, Edathua focuses on developing a strong foundation in economic theories and their application to real-world scenarios. It''''s highly relevant in the Indian context, addressing issues like development, public finance, and policy-making crucial for India''''s growing economy. The program emphasizes analytical skills, preparing students for diverse roles in research and policy.
Who Should Apply?
This program is ideal for aspiring economists, policy analysts, and market researchers. it suits fresh graduates seeking entry into government services, financial institutions, or non-governmental organizations. Individuals with a keen interest in understanding societal economic challenges and contributing to informed decision-making will find this curriculum rewarding.
Why Choose This Course?
Graduates of this program can expect career paths in economic analysis, financial planning, government administration, and development sectors across India. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience. Opportunities exist in organizations like NITI Aayog, RBI, commercial banks, and research firms, aligning with India''''s economic growth trajectory.
Student Success Practices
Foundation Stage
Master Core Micro and Macro Concepts- (Semester 1-2)
Dedicate time daily to thoroughly understand fundamental micro and macroeconomic theories. Use textbooks, online lectures (e.g., NPTEL, Khan Academy), and peer study groups to clarify doubts and apply concepts to basic problems.
Tools & Resources
NPTEL courses, Khan Academy Economics, NCERT Economics books
Career Connection
A strong theoretical base is crucial for competitive exams (UPSC, RBI Grade B) and for advanced studies in economics.
Enhance Quantitative Skills Early- (Semester 1-2)
Focus intently on ''''Mathematics for Economic Analysis'''' subjects. Practice problems diligently, seek help for difficult areas, and consider supplementary online courses in calculus and statistics relevant to economics.
Tools & Resources
Coursera/edX for Math for Economists, Schaum''''s Outlines series
Career Connection
Robust quantitative skills are essential for econometrics, data analysis, and research roles in finance and policy.
Develop Academic Reading and Writing- (Semester 1-2)
Cultivate habits of reading economic articles, journals, and newspapers regularly (e.g., Economic Times, Livemint). Practice summarizing complex ideas and writing structured essays to improve analytical communication.
Tools & Resources
Economic Times, Livemint, Project Syndicate
Career Connection
Effective communication is vital for report writing, policy briefs, and academic pursuits.
Intermediate Stage
Engage with Indian Economic Issues- (Semester 3-5)
Actively follow current Indian economic news, government policies, and budget discussions. Participate in college debates or seminars on topics like inflation, unemployment, and rural development in India.
Tools & Resources
RBI website, NITI Aayog reports, Budget documents
Career Connection
Understanding the Indian economy is critical for roles in public sector banks, government ministries, and Indian policy think tanks.
Internship in a Local Organization- (Semester 3-5)
Seek short internships (virtual or in-person) with local NGOs, small businesses, or government departments during breaks. Focus on data collection, basic analysis, or project support to gain practical exposure.
Tools & Resources
Internshala, college career cell, local NGOs
Career Connection
Practical experience enhances resumes, provides industry insights, and aids in networking for future placements.
Build Data Analysis Skills- (Semester 3-5)
Start learning basic statistical software or tools. Even simple spreadsheet analysis of economic data can be highly beneficial. Explore online tutorials for Excel or introductory R/Python for data visualization.
Tools & Resources
Microsoft Excel, Google Sheets, freeCodeCamp Python/R tutorials
Career Connection
Data analysis is a highly sought-after skill in all economic fields, from market research to financial modeling.
Advanced Stage
Prepare for Competitive Exams / Higher Studies- (Semester 6)
Start focused preparation for relevant competitive exams (UPSC, RBI Grade B, SSC CGL) or entrance exams for MA/MBA. Form study groups, solve past papers, and consider coaching if needed.
Tools & Resources
UPSC/RBI official websites, previous year question papers, coaching institutes
Career Connection
Early and structured preparation significantly increases chances of securing prestigious government jobs or admission to top postgraduate programs.
Undertake a Research Project with Faculty- (Semester 6)
Collaborate with a faculty member on a research paper or assist with their ongoing research, especially for the mandatory project. This provides in-depth understanding of methodology, critical thinking, and academic writing beyond the curriculum.
Tools & Resources
Academic journals (JSTOR, ResearchGate), university library resources
Career Connection
Showcases research aptitude for higher studies, academic roles, and positions in economic consulting firms.
Network and Attend Industry Events- (Semester 6)
Attend economics conferences, webinars, and alumni meet-ups (even virtual ones). Build connections with professionals and potential employers in your areas of interest within the economic landscape of India.
Tools & Resources
LinkedIn, economic forums/associations in India, alumni network
Career Connection
Networking opens doors to job opportunities, mentorship, and insights into industry trends, facilitating smoother career transitions.
Program Structure and Curriculum
Eligibility:
- Pass in Plus Two or equivalent examination from a recognized board, as per Mahatma Gandhi University regulations.
Duration: 6 semesters / 3 years
Credits: 99 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN1CCT01 | Literary Journeys | Common Course (English) | 4 | Understanding Literature, Short Stories, Poems, Essays, Literary Devices |
| ML1LMT01 / HN1LMT01 / etc. | Additional Language (e.g., Malayalam / Hindi / Sanskrit / Arabic) | Common Course | 4 | Literary Forms, Poetry and Prose, Grammar and Composition, Cultural Contexts, Translation |
| EC1CRT01 | Microeconomics - I | Core | 4 | Basic Economic Problems, Demand and Supply Analysis, Elasticity of Demand, Consumer Behavior Theories, Production Function |
| EC1CMT01 | Mathematics for Economic Analysis - I | Complementary | 3 | Basic Algebra, Functions and Graphs, Differential Calculus, Optimization Techniques, Matrix Algebra |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN2CCT02 | Literary Landscapes | Common Course (English) | 4 | Reading Comprehension, Literary Appreciation, Modern Prose, Drama Analysis, Critical Thinking |
| ML2LMT02 / HN2LMT02 / etc. | Additional Language (e.g., Malayalam / Hindi / Sanskrit / Arabic) | Common Course | 4 | Literary Criticism, Short Fiction, Cultural Studies, Creative Writing, Advanced Language Skills |
| EC2CRT02 | Microeconomics - II | Core | 4 | Market Structures, Perfect Competition, Monopoly and Price Discrimination, Oligopoly Models, Factor Market Pricing |
| EC2CMT02 | Mathematics for Economic Analysis - II | Complementary | 3 | Integral Calculus, Differential Equations, Probability Theory, Input-Output Analysis, Game Theory Basics |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN3CCT03 | Readings on Indian Constitution, Secularism and Sustainable Environment | Common Course (English) | 4 | Indian Constitution Features, Fundamental Rights and Duties, Secularism in India, Environmental Challenges, Sustainable Development Concepts |
| EC3CRT03 | Macroeconomics - I | Core | 4 | National Income Accounting, Classical Theory of Employment, Keynesian Theory, Consumption and Investment Functions, Multiplier and Accelerator |
| EC3CRT04 | Economics of Growth and Development - I | Core | 4 | Economic Growth Theories, Indicators of Development, Poverty and Inequality, Human Development Index, Population and Development |
| EC3CMT03 | Indian Constitution and Politics - I | Complementary | 3 | Evolution of Indian Constitution, Preamble and Basic Structure, Fundamental Rights and Duties, Directive Principles of State Policy, Union Executive and Legislature |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN4CCT04 | Readings on Gender: Literacy & Social Issues | Common Course (English) | 4 | Concepts of Gender and Sex, Gender and Society, Women''''s Empowerment, Literacy and Education for Women, Social Issues and Gender |
| EC4CRT05 | Macroeconomics - II | Core | 4 | Money and Banking, Inflation and Deflation, Unemployment Theories, Monetary Policy, Fiscal Policy |
| EC4CRT06 | Economics of Growth and Development - II | Core | 4 | Theories of Underdevelopment, Role of State in Development, Development Planning Strategies, International Aid and Development, Sustainable Development Goals |
| EC4CMT04 | Indian Constitution and Politics - II | Complementary | 3 | Indian Parliament and its Functions, State Government and Administration, Indian Judiciary System, Local Self-Government, Electoral Reforms in India |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC5CRT07 | Public Economics - I | Core | 4 | Public Goods and Externalities, Market Failure, Public Expenditure Theories, Taxation Principles, Fiscal Policy Tools |
| EC5CRT08 | Indian Economy - I | Core | 4 | Features of Indian Economy, Agriculture Sector in India, Industrial Development and Policies, Economic Reforms since 1991, Poverty and Unemployment in India |
| EC5CRT09 | Environmental Economics | Core | 4 | Environmental Problems, Resource Scarcity, Pollution Control Mechanisms, Environmental Valuation, Sustainable Resource Management |
| EC5CRT10 | History of Economic Thought | Core | 4 | Mercantilism and Physiocracy, Classical School of Thought, Marxian Economics, Keynesian Revolution, Modern Economic Theories |
| EC5OPT01 | Open Course (e.g., Fundamentals of Economics) | Open | 3 | Basic Economic Concepts, Market Forces, Role of Government, Consumer Decision Making, National Income Basics |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC6CRT11 | Public Economics - II | Core | 4 | Fiscal Federalism in India, Public Debt Management, Government Budgeting, Fiscal Policy in India, Goods and Services Tax (GST) |
| EC6CRT12 | Indian Economy - II | Core | 4 | Service Sector Growth, Infrastructure Development, Foreign Trade and Policies, Balance of Payments, Economic Planning and NITI Aayog |
| EC6CRT13 | International Economics | Core | 4 | Theories of International Trade, Terms of Trade, Trade Policy and Instruments, Exchange Rate Regimes, International Financial Institutions |
| EC6CRT14 | Introductory Econometrics | Core | 4 | Econometric Models, Simple Regression Analysis, Multiple Regression Analysis, Hypothesis Testing, Time Series Analysis Basics |
| EC6PRT01 | Project | Project | 4 | Research Question Formulation, Data Collection Methods, Statistical Analysis, Report Writing, Presentation Skills |
