.png&w=1920&q=75)
BACHELOR-OF-ARTS in Economics at The Hitkarini Mahila Mahavidyalaya, Jabalpur
Jabalpur, Madhya Pradesh
.png&w=1920&q=75)
About the Specialization
What is Economics at The Hitkarini Mahila Mahavidyalaya, Jabalpur Jabalpur?
This Bachelor of Arts in Economics program at Hitkarini Mahila Mahavidyalaya focuses on equipping students with a robust understanding of economic principles, theories, and their real-world applications within the Indian context. It delves into micro and macroeconomics, public finance, development, and international trade, preparing graduates for diverse roles in India''''s growing economy.
Who Should Apply?
This program is ideal for fresh 12th-grade graduates across streams who possess a keen interest in analyzing economic systems, policy impacts, and market dynamics. It also suits individuals aspiring for careers in government, banking, research, or further postgraduate studies in economics or related fields in India.
Why Choose This Course?
Graduates of this program can expect to pursue career paths in economic analysis, financial services, public administration, and data analytics in India. Entry-level salaries typically range from INR 2.5 LPA to 5 LPA, with significant growth potential in government jobs, banks, and private sector roles as economists or analysts.
Student Success Practices
Foundation Stage
Master Core Economic Principles- (Semester 1-2)
Focus on building a strong foundation in microeconomics, macroeconomics, and basic statistics. Understand fundamental theories, concepts, and their interrelationships.
Tools & Resources
NCERT Economics textbooks (Class XI/XII), Online courses (e.g., NPTEL, Coursera''''s ''''Principles of Microeconomics''''), Practice problems, Study groups
Career Connection
Essential for any advanced economic study or analytical role; forms the basis for understanding policy and market behavior in India.
Develop Quantitative Skills- (Semester 1-2)
Actively engage with the ''''Statistics for Economics'''' course. Practice data interpretation, calculation of measures of central tendency, dispersion, correlation, and basic regression.
Tools & Resources
MS Excel, R (basic introduction), Statistical software tutorials, Problem sets, Join math/statistics clubs if available
Career Connection
Crucial for roles in data analysis, market research, and economic forecasting, which are high-demand skills in India''''s job market.
Engage with Indian Economic Issues- (Semester 1-2)
Supplement textbook knowledge with current economic news, government policies, and discussions relevant to India. Relate theoretical concepts to real-world Indian economic challenges.
Tools & Resources
Economic sections of leading Indian newspapers (e.g., The Hindu, Economic Times), RBI publications, NITI Aayog reports, Rajya Sabha TV debates
Career Connection
Builds awareness for civil services exams, economic journalism, and policy-oriented roles within the Indian government or think tanks.
Intermediate Stage
Apply Theory to Policy Analysis- (Semester 3-5)
Focus on how concepts from public economics, money and banking, and development economics translate into real-world policies in India. Analyze their effectiveness and impact.
Tools & Resources
Case studies of Indian economic policies, Budget documents of the Indian government, RBI''''s annual reports, Participate in college-level debates or essay competitions
Career Connection
Prepares students for roles in economic policy research, public sector banks, financial institutions, and government advisory.
Explore Specialization Electives- (Semester 5 (during elective selection))
Delve deeper into chosen elective subjects like International Economics, Econometrics, or Industrial Economics. Seek out advanced readings and projects in these areas.
Tools & Resources
Standard advanced textbooks for chosen electives, Utilize open-source econometric software (e.g., Gretl, R), Attend webinars by subject experts
Career Connection
Helps in identifying a niche for postgraduate studies or specialized roles in trade analysis, economic modeling, or industrial research.
Seek Internships and Field Exposure- (During semester breaks of Semesters 3-5)
Actively look for short-term internships in local banks, NGOs working on economic development, or small research firms in Jabalpur or nearby cities during breaks.
Tools & Resources
College placement cell, LinkedIn, Internshala.com, Networking with alumni
Career Connection
Provides practical experience, builds professional networks, and enhances resume for future placements and higher education.
Advanced Stage
Intensive Placement/Higher Study Preparation- (Semester 5-6)
Focus on preparing for competitive exams (UPSC, RBI Grade B, SSC CGL for economic roles) or entrance exams for Master''''s programs (e.g., MA Economics, MBA).
Tools & Resources
Coaching institutes, Online test series, Previous year question papers, Mock interviews, Career counselors
Career Connection
Directly leads to securing coveted government jobs, entry into top universities for postgraduate studies, or placements in analytical roles.
Develop Research and Presentation Skills- (Semester 6)
Undertake a small research project or write an extensive review paper on an economic topic, possibly linked to an elective. Practice presenting findings clearly and concisely.
Tools & Resources
Reference management software (Zotero, Mendeley), Academic databases, Presentation tools (PowerPoint, Google Slides), College seminars
Career Connection
Essential for academic careers, research analyst positions, and any role requiring data-driven decision-making and communication.
Network and Professional Engagement- (Semester 5-6)
Attend economic conferences, seminars, and workshops. Connect with faculty, alumni, and industry professionals to gather insights and explore opportunities.
Tools & Resources
Professional networking events (virtual/physical), LinkedIn, Alumni mentorship programs, Industry-specific forums
Career Connection
Opens doors to mentorship, job referrals, and stays updated with industry trends, enhancing long-term career growth in the economics domain.
Program Structure and Curriculum
Eligibility:
- 12th Pass in any stream (as per Hitkarini Mahila Mahavidyalaya admission criteria)
Duration: 3 years / 6 semesters
Credits: Credits not specified
Assessment: Assessment pattern not specified
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-101 | Micro Economics | Core | 4 | Introduction to Economics: Scarcity, choice, economic problems, Consumer Behavior: Utility analysis, indifference curves, demand theory, Producer Behavior: Production functions, costs, supply theory, Market Structures: Perfect competition, monopoly, oligopoly, Factor Pricing: Rent, wages, interest, profit, Welfare Economics: Pareto optimality, market failures |
| BAEC-102 | Statistics for Economics | Core | 4 | Introduction to Statistics: Definition, scope, data collection, Measures of Central Tendency: Mean, median, mode, Measures of Dispersion: Range, variance, standard deviation, Correlation and Regression: Linear correlation, simple regression, Index Numbers: Construction, types, uses, Time Series Analysis: Components, measurement |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-201 | Macro Economics | Core | 4 | National Income Accounting: Concepts, measurement, circular flow, Theories of Employment: Classical, Keynesian theories, Consumption and Investment Functions, Money: Demand for money, supply of money, monetary policy, Inflation and Deflation: Causes, effects, control measures, Business Cycles: Phases, theories, stabilization policies |
| BAEC-202 | Indian Economy | Core | 4 | Basic Characteristics of Indian Economy: Growth, structure, challenges, Sectoral Composition: Agriculture, industry, services, Poverty, Unemployment, Inequality in India, Planning in India: Objectives, strategies, NITI Aayog, Economic Reforms: Liberalization, privatization, globalization, Fiscal and Monetary Policies in India |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-301 | Public Economics | Core | 4 | Role of Government in the Economy, Public Goods and Externalities, Taxation: Principles, types, incidence, effects, Public Expenditure: Growth, theories, effects, Public Debt: Causes, burden, management, Fiscal Federalism in India |
| BAEC-302 | Money, Banking & Financial Markets | Core | 4 | Evolution of Money: Functions, forms, Commercial Banking: Functions, credit creation, Central Banking: Functions of RBI, monetary policy tools, Financial Markets: Money market, capital market, Financial Institutions: NBFCs, Development Banks, Financial Sector Reforms in India |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-401 | Development Economics | Core | 4 | Concepts of Economic Development and Growth, Theories of Development: Rostow, Harrod-Domar, Lewis, Poverty and Inequality: Measurement, policies, Human Capital: Education and health, Role of State and Market in Development, Sustainable Development |
| BAEC-402 | Environmental Economics | Core | 4 | Economics and Environment: Interlinkages, Environmental Problems: Pollution, resource depletion, Environmental Valuation Techniques, Environmental Policies: Command and control, market-based instruments, Climate Change Economics, Sustainable Resource Management |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-501A | Econometrics | Elective (Group A, choose 1 from A/B) | 4 | Introduction to Econometrics: Nature, scope, Simple Linear Regression Model: Estimation, properties, Multiple Linear Regression Model, Problems in Regression: Multicollinearity, heteroscedasticity, autocorrelation, Dummy Variables, Time Series Econometrics: Stationarity, unit roots |
| BAEC-501B | Demography | Elective (Group A, choose 1 from A/B) | 4 | Introduction to Demography: Concepts, sources of data, Population Theories: Malthus, demographic transition, Fertility: Measures, determinants, Mortality: Measures, life tables, Migration: Types, causes, consequences, Population Policy in India |
| BAEC-502A | International Economics | Elective (Group B, choose 1 from A/B) | 4 | Theories of International Trade: Comparative advantage, Heckscher-Ohlin, Terms of Trade, Trade Policy: Tariffs, quotas, non-tariff barriers, Balance of Payments: Components, disequilibrium, Foreign Exchange Market: Exchange rate determination, International Economic Institutions: WTO, IMF, World Bank |
| BAEC-502B | Industrial Economics | Elective (Group B, choose 1 from A/B) | 4 | Concept of Industrialization: Patterns, issues, Industrial Structure: Market concentration, firm size, Industrial Location Theories, Industrial Productivity and Efficiency, Industrial Policy in India, Public Sector Undertakings and Disinvestment |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC-601A | Mathematical Economics | Elective (Group A, choose 1 from A/B) | 4 | Basic Mathematics for Economics: Functions, graphs, calculus, Optimization Techniques: Maximization, minimization, Matrix Algebra and its Applications, Consumer Theory: Utility maximization, demand functions, Producer Theory: Cost minimization, profit maximization, Market Equilibrium models |
| BAEC-601B | Rural Economics | Elective (Group A, choose 1 from A/B) | 4 | Concept of Rural Economy: Characteristics, problems, Rural Poverty and Unemployment, Rural Credit and Marketing, Agriculture: Production, productivity, green revolution, Rural Development Programs in India, Panchayati Raj Institutions |
| BAEC-602A | History of Economic Thought | Elective (Group B, choose 1 from A/B) | 4 | Mercantilism and Physiocracy, Classical Economics: Adam Smith, Ricardo, Malthus, Marxian Economics, Neoclassical Economics: Marshall, Walras, Keynesian Revolution, Indian Economic Thought |
| BAEC-602B | Labour Economics | Elective (Group B, choose 1 from A/B) | 4 | Nature and Scope of Labour Economics, Labour Market: Demand and supply of labour, Wage Theories: Classical, neoclassical, bargaining, Trade Unions: Functions, impact, Industrial Relations, Labour Welfare and Social Security in India |
