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M-A-ECONOMICS in Economics at University of Calicut
Malappuram, Kerala
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About the Specialization
What is Economics at University of Calicut Malappuram?
This M.A. Economics program at the University of Calicut focuses on providing a rigorous theoretical and empirical foundation in economic principles and their applications. It emphasizes critical analysis of economic issues pertinent to India and the global economy. The program differentiates itself by integrating quantitative methods with diverse areas of economic thought, preparing students for dynamic roles in policy-making, research, and industry, addressing the growing demand for skilled economists in the Indian market.
Who Should Apply?
This program is ideal for fresh graduates with a background in Economics, Mathematics, or Statistics seeking to deepen their understanding of economic theory and policy. It also caters to aspiring researchers, policy analysts, and academicians. Graduates looking to work in government, NGOs, or the private sector in India will find the curriculum beneficial, particularly those aiming for roles requiring strong analytical and quantitative skills.
Why Choose This Course?
Graduates of this program can expect promising career paths in India, including roles as economists, data analysts, researchers, consultants, and policy advisors. Entry-level salaries typically range from INR 4-7 LPA, with experienced professionals earning INR 10-20+ LPA. Growth trajectories are strong in areas like economic consulting, financial services, and public sector planning, with potential for alignment with certifications in data science or financial analysis.
Student Success Practices
Foundation Stage
Master Core Economic Theories- (Semester 1-2)
Dedicate significant time to understanding foundational Microeconomics, Macroeconomics, and Indian Economy concepts. Utilize textbooks, reference materials, and online lecture series (e.g., NPTEL, Swayam) to build a strong conceptual base. Engage in peer study groups to discuss complex theories and solve problems collaboratively, fostering deeper understanding and diverse perspectives.
Tools & Resources
NPTEL courses, Swayam platform, Standard textbooks (e.g., Varian, Mankiw), Peer study groups
Career Connection
A strong theoretical foundation is crucial for cracking competitive exams (UPSC, RBI, IES) and for effective economic analysis in any professional role, providing the conceptual framework for policy formulation and market understanding.
Develop Quantitative and Statistical Skills- (Semester 1-2)
Focus intensely on Quantitative Methods for Economic Analysis. Practice problem-solving using mathematical and statistical software like R or Python. Join workshops or online courses on basic econometrics and data analysis to supplement classroom learning. This builds essential analytical skills demanded by employers.
Tools & Resources
R/Python programming tutorials, Khan Academy for math refreshers, Online data science courses (e.g., Coursera, edX), Practice problem sets
Career Connection
Proficiency in quantitative methods opens doors to data analyst, econometrician, and research assistant roles in financial services, consulting, and government, where data-driven insights are highly valued.
Cultivate Critical Reading and Research Habits- (Semester 1-2)
Regularly read economic journals, policy documents, and financial news (e.g., Economic and Political Weekly, Livemint, Business Standard) to connect theoretical knowledge with real-world issues. Practice summarizing articles and critiquing economic arguments. Start identifying potential research interests for your dissertation early on.
Tools & Resources
JSTOR, ResearchGate, Economic and Political Weekly (EPW), Livemint, Business Standard, University library databases
Career Connection
Strong critical thinking and research skills are vital for success in academia, research roles, and for contributing meaningful insights in policy and corporate strategy. It also aids in preparing for the dissertation.
Intermediate Stage
Gain Practical Experience through Internships- (Semester 3-4)
Seek internships during semester breaks at research institutions, NGOs, banks, or analytics firms. Focus on roles that allow application of economic theories, data analysis, or policy research. Leverage university career services and alumni networks to find relevant opportunities and gain exposure to professional work environments in India.
Tools & Resources
University career services, LinkedIn, Internshala, NITI Aayog, RBI, commercial banks
Career Connection
Internships provide invaluable practical experience, build professional networks, and often lead to pre-placement offers, significantly enhancing employability and understanding of industry expectations in India.
Specialize and Deepen Knowledge- (Semester 3-4)
Choose electives strategically based on career interests (e.g., Financial Economics for finance careers, Agricultural Economics for policy). Actively participate in seminars, workshops, and guest lectures related to your chosen specialization. Consider pursuing online certifications or mini-projects in your specialized area to stand out.
Tools & Resources
Specialized online courses (e.g., NCFM for finance), Departmental seminars, Research papers in chosen field
Career Connection
Specialized knowledge makes you a stronger candidate for specific industry roles, demonstrating a focused interest and expertise that is highly valued by employers in niche economic sectors.
Network with Professionals and Academics- (Semester 3-4)
Attend economics conferences, workshops, and alumni events. Connect with professors, researchers, and industry professionals to gain insights into career paths, identify mentorship opportunities, and explore potential research collaborations. A strong network can provide guidance and open doors to future opportunities.
Tools & Resources
Professional conferences (e.g., Indian Economic Association), LinkedIn networking, University alumni events
Career Connection
Networking is crucial for career advancement, providing access to hidden job markets, mentorship, and opportunities for professional growth within the Indian economic landscape.
Advanced Stage
Excel in Dissertation and Research- (Semester 4)
Undertake a rigorous dissertation, applying advanced econometric techniques and critical analysis. Choose a topic relevant to contemporary Indian economic issues. Present your findings effectively and consider publishing your work in a student journal or presenting at a local conference to showcase research capabilities.
Tools & Resources
Statistical software (Stata, EViews, R), Academic writing guides, University research mentors
Career Connection
A high-quality dissertation demonstrates advanced research, analytical, and writing skills, which are highly valued in research roles, think tanks, and for pursuing further academic studies (Ph.D.).
Intensive Placement and Interview Preparation- (Semester 4)
Actively participate in mock interviews, group discussions, and resume-building workshops organized by the university. Practice technical questions related to economics and econometrics, and behavioral questions. Research target companies/institutions and tailor your application materials to their specific requirements for roles in India.
Tools & Resources
University placement cell, Online interview platforms, Company-specific interview guides, Current affairs knowledge
Career Connection
Thorough preparation for placements is key to securing desired jobs in diverse sectors like banking, consulting, policy, and research in India, ensuring you can articulate your skills and knowledge effectively.
Prepare for Competitive Examinations- (Semester 4 onwards)
If aspiring for civil services (UPSC, IAS, IES) or banking exams (RBI Grade B), begin dedicated preparation. Focus on general knowledge, current affairs, and advanced economic concepts. Join coaching classes or self-study groups focused on these exams to develop exam-specific strategies and practice regularly.
Tools & Resources
UPSC/IES/RBI specific study materials, Current affairs magazines (e.g., Yojana, Kurukshetra), Mock test series
Career Connection
Success in competitive examinations leads to highly respected and influential positions in the Indian government and public sector, offering significant opportunities for national impact and career stability.
Program Structure and Curriculum
Eligibility:
- B.A. Economics/B.Sc. Mathematics/Statistics with not less than 45% marks or equivalent grade in core courses and complementary courses put together, or B.Voc. Economics/B.Voc. Economics (Finance) degree from Calicut University or a degree recognised as equivalent thereto. Relaxation for reserved categories as per University rules.
Duration: 4 semesters / 2 years
Credits: 70 (as per course scheme; minimum 80 credits stated for program completion) Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECON1C01 | Microeconomics: Theory and Applications – I | Core | 4 | Consumer Behaviour, Production and Cost Theory, Market Structures, Pricing Under Monopoly, Market Failure |
| ECON1C02 | Macroeconomics: Theory and Applications – I | Core | 4 | Classical Macroeconomics, Keynesian Economics, Neo-classical Synthesis, Consumption and Investment Theories, Money and Prices |
| ECON1C03 | Indian Economy: Problems and Policies – I | Core | 4 | Characteristics of Indian Economy, Economic Planning, Agriculture Sector, Industrial Sector, Service Sector, Economic Reforms |
| ECON1C04 | Quantitative Methods for Economic Analysis – I | Core | 4 | Matrices and Determinants, Differential Calculus, Integration, Linear Algebra, Basic Probability |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECON2C05 | Microeconomics: Theory and Applications – II | Core | 4 | General Equilibrium, Welfare Economics, Game Theory, Asymmetric Information, Externalities and Public Goods |
| ECON2C06 | Macroeconomics: Theory and Applications – II | Core | 4 | Theories of Inflation, Business Cycles, Open Economy Macroeconomics, IS-LM Model, Macroeconomic Policy |
| ECON2C07 | Indian Economy: Problems and Policies – II | Core | 4 | Fiscal Policy, Monetary Policy, External Sector Reforms, Poverty and Inequality, Human Development |
| ECON2C08 | Quantitative Methods for Economic Analysis – II | Core | 4 | Statistical Inference, Sampling Theory, Hypothesis Testing, Correlation and Regression, Introduction to Econometrics |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECON3C09 | Growth and Development | Core | 4 | Theories of Economic Growth, Models of Development, Poverty and Inequality, Human Capital, Sustainable Development |
| ECON3C10 | Public Economics | Core | 4 | Role of Government, Public Expenditure, Taxation Theories, Public Debt, Fiscal Federalism |
| ECON3C11 | International Economics | Core | 4 | Theories of International Trade, Trade Policy, Balance of Payments, Exchange Rates, International Economic Institutions |
| ECON3E01 | Financial Economics (Elective – I) | Elective | 4 | Financial Markets, Asset Pricing Models, Portfolio Theory, Derivatives Market, Risk Management |
| ECON3E02 | Economics of Gender and Development (Elective – I) | Elective | 4 | Gender Inequality Theories, Women''''s Work and Time Use, Gender and Health, Policies for Gender Equity, Feminist Economics |
| ECON3E03 | Agricultural Economics (Elective – I) | Elective | 4 | Agricultural Production Economics, Agricultural Marketing, Price Policy for Agriculture, Land Reforms, Rural Development |
| ECON3E04 | Demography and Economics (Elective – I) | Elective | 4 | Population Theories, Fertility and Mortality Analysis, Migration Economics, Population Policy, Demographic Transition |
| ECON3E05 | Labour Economics (Elective – I) | Elective | 4 | Labour Market Theories, Wage Determination, Unemployment Analysis, Trade Unions, Labour Policy in India |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ECON4C12 | Environmental Economics | Core | 4 | Environmental Problems, Market Failure and Externalities, Valuation of Environmental Goods, Environmental Policy Instruments, Sustainable Development |
| ECON4C13 | Applied Econometrics | Core | 4 | Classical Linear Regression Model, Violations of Assumptions, Time Series Econometrics, Panel Data Econometrics, Econometric Forecasting |
| ECON4C14 | Dissertation | Project | 4 | Research Problem Formulation, Literature Review, Data Collection Methods, Statistical Analysis, Academic Report Writing |
| ECON4E06 | Mathematical Economics (Elective – II) | Elective | 4 | Static Analysis, Comparative Statics, Optimization Techniques, Dynamic Analysis, Game Theory Applications |
| ECON4E07 | Health Economics (Elective – II) | Elective | 4 | Demand and Supply of Health Care, Health Care Financing, Health Insurance, Pharmaceutical Markets, Health Policy Evaluation |
| ECON4E08 | Managerial Economics (Elective – II) | Elective | 4 | Demand Analysis and Forecasting, Production and Cost Analysis, Pricing Strategies, Market Structure and Competition, Capital Budgeting |
| ECON4E09 | Welfare Economics (Elective – II) | Elective | 4 | Social Welfare Functions, Pareto Optimality, Market Failures, Income Distribution, Social Choice Theory |
| ECON4E10 | Modern Economic Thought (Elective – II) | Elective | 4 | Evolution of Economic Ideas, Neoclassical Synthesis, Monetarism, Rational Expectations Theory, New Classical Economics |
| ECON4C15 | Comprehensive Viva Voce | Core | 2 | Overall Economic Concepts, Research Aptitude, Analytical Skills, Presentation and Communication, Defense of Economic Arguments |
