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M-A in Economics 3 at St. Joseph's College (Autonomous), Devagiri
Kozhikode, Kerala
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About the Specialization
What is Economics [3] at St. Joseph's College (Autonomous), Devagiri Kozhikode?
This M.A. Economics program at St. Joseph''''s College, Kozhikode, focuses on developing analytical and theoretical foundations in economic principles, critical for understanding complex global and Indian economic scenarios. It offers a comprehensive curriculum covering micro, macro, quantitative methods, and specialized areas like development and environmental economics. The program is designed to equip students with robust research skills and policy analysis capabilities demanded across various sectors in India.
Who Should Apply?
This program is ideal for fresh graduates with a Bachelor''''s degree in Economics or related fields seeking a strong foundation for research, teaching, or policy analysis. It also caters to individuals aiming for careers in economic consulting, financial services, public administration, or international organizations. Candidates with a keen interest in understanding societal economic challenges and contributing to evidence-based policy making will find this program particularly rewarding.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economists, data analysts, research associates, policy advisors, and consultants in government, think tanks, and private firms. Entry-level salaries can range from INR 3-6 lakhs per annum, with significant growth potential for experienced professionals. The curriculum also prepares students for further academic pursuits like M.Phil. or Ph.D., and aligns with requirements for competitive exams in public service.
Student Success Practices
Foundation Stage
Strengthen Core Economic Fundamentals- (Semester 1-2)
Actively engage with micro and macro theories by solving numerical problems and real-world case studies to build a strong conceptual base. Participate in study groups to discuss complex theories and application.
Tools & Resources
NCERT Economics textbooks, Standard graduate textbooks (Mankiw, Dornbusch, Fisher), NPTEL courses on basic economics
Career Connection
Essential for cracking entry-level roles in research and analytical positions; provides the bedrock for advanced economic modeling.
Master Quantitative Methods- (Semester 1-2)
Focus on developing proficiency in mathematical and statistical tools. Practice extensively with problem sets, use software like R or Python for basic data handling.
Tools & Resources
Online tutorials for R/Python (DataCamp, Coursera), Khan Academy for calculus and linear algebra, Statistical software manuals
Career Connection
Crucial for roles in data analytics, econometrics, and financial modeling; highly valued in consulting and research.
Engage with Indian Economic Issues- (Semester 1-2)
Regularly read economic news, policy reports, and scholarly articles focusing on the Indian economy. Participate in departmental discussions on current economic challenges and government policies.
Tools & Resources
The Economic Survey of India, RBI publications, NITI Aayog reports, Business Standard, The Economic Times
Career Connection
Develops contextual understanding vital for roles in public policy, government services, and economic journalism in India.
Intermediate Stage
Advanced Stage
Specialize through Electives and Research- (Semester 3-4)
Carefully choose elective courses that align with career interests (e.g., Financial Economics for finance, Econometrics for research). Initiate a research project or paper, working closely with faculty mentors, showcasing analytical abilities.
Tools & Resources
Academic journals (Indian Economic Review, EPW), Specific software for econometrics (Stata, EViews), Library resources for research papers
Career Connection
Builds a strong profile for specialized roles, demonstrates independent research capabilities essential for academic or high-level analytical positions.
Seek Internships and Industry Exposure- (Semester 3-4)
Actively search for internships with financial institutions, research organizations, government departments, or NGOs to gain practical experience and apply theoretical knowledge in real-world settings.
Tools & Resources
College placement cell, LinkedIn, Internshala, Company career pages, Faculty network for recommendations
Career Connection
Provides invaluable work experience, enhances networking opportunities, and often leads to pre-placement offers or direct placements in relevant industries.
Develop Communication and Presentation Skills- (Semester 3-4)
Participate in seminars, workshops, and student conferences to hone presentation skills. Practice articulating complex economic ideas clearly and concisely, both orally and in written form.
Tools & Resources
Toastmasters International (if available), Departmental debate clubs, Online public speaking courses, Feedback from professors
Career Connection
Essential for all professional roles, especially in consulting, policy advocacy, and academia where effective communication of findings is paramount.
Program Structure and Curriculum
Eligibility:
- B.A. Economics / B.Sc. Actuarial Science with not less than 45% marks or B.A./B.Sc. Degree of Calicut University or any other University recognized by UGC/AIU as equivalent thereto with Economics/Mathematical Economics/Development Economics/Development Studies/ Applied Economics/Business Economics/Econometrics as core/main subject.
Duration: 4 semesters / 2 years
Credits: 80 Credits
Assessment: Internal: 40% (for theory/practical), 20% (for project), External: 60% (for theory/practical), 80% (for project)
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECC1C01 | Microeconomics: Theory and Applications - I | Core | 4 | Consumer Behaviour, Demand Theory, Production Theory, Cost Theory, Market Structures, Welfare Economics |
| ECC1C02 | Macroeconomics: Theory and Applications - I | Core | 4 | National Income Accounting, Classical Macroeconomics, Keynesian Macroeconomics, Consumption Theories, Investment Theories, Monetary and Fiscal Policy |
| ECC1C03 | Indian Economy: Problems and Policies - I | Core | 4 | Structure of Indian Economy, Economic Planning in India, Agriculture Sector, Industrial Sector, Service Sector, Poverty and Inequality |
| ECC1C04 | Quantitative Methods for Economic Analysis - I | Core | 4 | Basic Mathematics for Economists, Functions and Derivatives, Matrices and Determinants, Integration, Optimization, Differential Equations |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECC2C05 | Microeconomics: Theory and Applications - II | Core | 4 | Oligopoly, Game Theory, Factor Pricing, General Equilibrium, Market Failures, Information Economics |
| ECC2C06 | Macroeconomics: Theory and Applications - II | Core | 4 | Business Cycles, Theories of Inflation, Theories of Economic Growth, Open Economy Macroeconomics, Exchange Rates, Balance of Payments |
| ECC2C07 | Indian Economy: Problems and Policies - II | Core | 4 | Financial Sector Reforms, External Sector, Fiscal Federalism, Labour Market, Social Sector Development, Recent Economic Reforms |
| ECC2C08 | Quantitative Methods for Economic Analysis - II | Core | 4 | Probability Theory, Random Variables, Probability Distributions, Sampling Theory, Hypothesis Testing, Correlation and Regression |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECC3C09 | Public Economics | Core | 4 | Role of Government in Economy, Public Goods, Externalities, Public Expenditure, Taxation, Budgeting and Fiscal Policy |
| ECC3C10 | International Economics | Core | 4 | Theories of International Trade, Terms of Trade, Trade Barriers, Balance of Payments, Exchange Rate Regimes, International Economic Organizations |
| ECC3C11 | Econometrics | Core | 4 | Simple Linear Regression, Multiple Regression, Violations of Assumptions, Dummy Variables, Time Series Models, Forecasting |
| ECC3E01 | Financial Economics | Elective | 4 | Financial Markets, Risk and Return, Portfolio Theory, Asset Pricing Models, Derivatives, Market Efficiency |
| ECC3E02 | Mathematical Economics | Elective | 4 | Optimization Theory, Difference Equations, Differential Equations, Game Theory, Input-Output Analysis, Linear Programming |
| ECC3E03 | Economics of Business and Finance | Elective | 4 | Business Environment, Financial Management, Capital Budgeting, Working Capital Management, Mergers and Acquisitions, International Finance |
| ECC3E04 | Demography | Elective | 4 | Population Theories, Fertility, Mortality, Migration, Population Structure, Population Policies |
| ECC3E05 | Labour Economics | Elective | 4 | Labour Market Theories, Wage Determination, Labour Unions, Unemployment, Human Capital, Informal Sector |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECC4C12 | Environmental Economics | Core | 4 | Environmental Problems, Valuation of Environmental Goods, Environmental Policy Instruments, Sustainable Development, Climate Change Economics, Resource Economics |
| ECC4C13 | Development Economics | Core | 4 | Theories of Development, Poverty, Inequality, Human Development, Role of State, Foreign Aid, Microfinance |
| ECC4P01 | Project Work | Project | 4 | Research Design, Data Collection, Data Analysis, Report Writing, Presentation, Ethical Considerations |
| ECC4E06 | Advanced Econometrics | Elective | 4 | Panel Data Models, Time Series Econometrics, Simultaneous Equation Models, Qualitative Response Models, Limited Dependent Variables, ARCH/GARCH Models |
| ECC4E07 | Agricultural Economics | Elective | 4 | Structure of Indian Agriculture, Agricultural Production, Agricultural Marketing, Agricultural Finance, Food Security, Agricultural Policy |
| ECC4E08 | Health Economics | Elective | 4 | Health and Development, Demand for Health, Supply of Health Care, Health Care Financing, Health Policy, Health Insurance |
| ECC4E09 | Welfare Economics | Elective | 4 | Pareto Optimality, Social Welfare Functions, Income Distribution, Social Choice Theory, Public Goods, Externalities |
| ECC4E10 | Industrial Economics | Elective | 4 | Industrial Structure, Market Concentration, Industrial Location, Firm Behaviour, Mergers and Acquisitions, Industrial Policy |
