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category: Science , Education
duration: 4 years
mode: offline
course ID: CT-202
reviews: 107
Economics Course 2023 Economics deals with the social and monetary aspects of an entity, organisation and country like production, distribution and consumption of goods and services. Economics covers the market structure, statistics, mathematics for economics, open economy macroeconomics and Indian economic policy.
On pursuing courses like Bachelor of Arts (BA) in Economic and Masters of Arts (MA) in Economics, one can get placed in the financial and banking sector, law sector etc. Career opportunities can be explored as risk analysts, financial analysts, market analysts and portfolio managers among others.
| Name of the Course | Bachelor of Arts in Economics |
|---|---|
| Course Level | Undergraduate |
| Course Duration | 3 years |
| Course Mode | Regular / Full time |
| Course Eligibility Criteria | Class 12th Board exams with 50% aggregate marks |
| Course Admission Process | Merit Based / Entrance Exams |
| Average Course Fees (INR) | 45,000 |
| Average Salary (INR) | 3 - 4.5 LPA |
| Areas of Employment | Government / Private Banks, Finance & Banking Sectors, Trade Markets |
| Job Profiles |
|---|
| Investment Banker |
| Financial Analyst |
| Stock Broker |
| Auditor |
| Job Profiles | Average Salary (INR) |
|---|---|
| Investment Banker | 6 - 8 LPA |
| Financial Analyst | 5.5 - 9 LPA |
| Stock Broker | 6 - 9 LPA |
| Auditor | 4 - 8 LPA |
| Systems Analyst | 4 - 6 LPA |
Economics covers a vast range of topics starting from Financial Systems, History of Economics to Financial Markets and Foreign Economics Theory. Refer the table below for more details on the syllabus:
1st Year
| Micro and Macro Economics | Mathematical Methods of Economics | Economic Statistics |
| Language Subjects | Economic Theory | Financial Systems |
2nd Year
| History of Economics | Development of Economics in India | Macro & Micro Economics - Intermediate |
| Econometrics | Economy and Society | Elective Subjects |
3rd Year
| Economic Development of India | Economics of the Society | Financial Markets |
| Development Theory | Foreign Economics Theory | Financial Economics |
|
Semester I |
Semester II |
|---|---|
|
Evolution and definition of Economics |
Economies of Scale |
| Nature & Scope of Economics | Different Concepts of Costs Explicit & Implicit |
| Methods of Economics Analysis | Accounting, Opportunity, Total fixed and Variable Costs |
| Inductive & Deductive Logic, Merit and Demerits. | Marginal & Average Costs & their relationship |
| Utility Demand, Supply | Concept of Revenue |
| Commodities and their types | Total, Marginal & Average Revenue |
| Value and Price | Break Even Point |
| Market | Concept and Classification |
| Administered and Non- Administered Prices | Perfect Competition Characteristics |
| Demand- Supply equilibrium. | Price and Output Determination for Firm and Industry |
| Cardinal (Marshal) and Ordinal Utility | Market Equilibrium |
| Approaches to Demand | Characteristics and Price- Output Determination |
| Indifference Curve: Consumer equilibrium (Hichs & Slutsky) | Price Discrimination |
| Price, Income and Substitution effects | Monopolistic Competition |
| Derivation of Demand Curve. | Characteristics Price- Output Determination |
| Elasticity of Demand | Factor Pricing |
| Price, Income and Cross elasticity | Theory of Marginal Productivity of Distribution |
| Consumer Surplus and its measurement. | Concept of Adding up Theorem |
| Factors of Production and their Characteristics | Theories of Wages and Rent: Classical and Modern. |
| Laws of Production | Interest: Concept, Classical and Keynesian Theories of Interest |
| Returns to Factor and Return to Scale | Profit: Net and Gross |
| Law of Variable Proportion | Theories of Profit. |
| Isoquants Nature and their Characteristics | - |
| Producers equilibrium | - |
|
Semester III |
Semester IV |
|
Structure of Indian Economy - Primary, Secondary & Tertiary Sectors |
Infrastructure of Indian Economy |
| Natural Resources, Land, Water, Forest | Irrigation, Power, Transport, Communication |
| Mineral Resources. | Banking and Insurance. |
| Demographic Features | Human Infrastructure of Indian Economy |
| Population, Size, Sex, Rural-Urban Classification | Health, Nutrition, Education, Knowledge and Skills |
| Population Distribution | Housing and Sanitation. |
| Recent National Population Policy. | Planning in India- Objectives, Types, Strategy |
| Agriculture: Nature and Importance | Analysis of Current Five- Year Plan. |
| Land Use Pattern | Economy- Land, land Utilization Pattern |
| Trends in Agriculture Production and Productivity | Natural Resources- Forest, Water & Mineral |
| Cropping Pattern. | Agro-Climatic Zones |
| Land Reforms: Green Revolution | Demographic Features of M.P. |
| Rural Credit | Agricultural Situation in Economy |
| Agricultural Marketing | Cropping Pattern |
| Mechanization | Production and Productivity of Main Corps, |
| Small Scale and Cottage Industries- Meaning, Importance and Problems | Sources of Credit in Agriculture, Irrigation |
| Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles | - |
|
Semester V |
Semester VI |
|
Macro Variables- Stock and Flow |
Public Finance and Public Economics |
| Circular Flow of income | Public, Private and Merits Goods |
| Concept of National Income- GDP, GNP | Market and State- Role and Functions |
| Measurement of National Income and Social Accounting in India | Principle of Maximum Social Advantage |
| National Income and Economic Welfare | Sources of Revenue- Taxes, Loans, Grants and Aids |
| Classical Theory of Employment | Canons of Taxation |
| Keynesian Theory of Employment | Principles of Public Expenditure |
| Aggregate Demand and Supply Functions | Principles of Public Debt and Methods of Redaction |
| Effective Demand | Wagener’s Law- Increasing Activities |
| Consumption Function | Effects of Public Expenditure on Production and Distribution. |
| Factors Affecting Consumption | Public Finance in India |
| Average and Marginal propensities to consume | Concept and Types of Budget |
| Simple Investment | Fiscal Deficit |
| Saving Function & Sources of Saving Mobilization | Deficit Financing and Deficit Budget. |
| Investment Function | Constitution and Function of Finance Commission |
| Marginal Efficiency of Capital | Recommendation of Latest Finance Commission |
| Factors Affecting Capital Formation | Latest Budget |
| Concept of Accelerator. | The stock of Money and its Measures |
- |
Cash Transaction and Cash Balance Approaches. |
| - | Inflation, Deflation, and Recession |
| - | Demand-Pull and Cost-Push Inflation |
| - | Bank- Meaning and Types |
| - | Objectives and Limitations of Monetary Policy. |
Eligibility for UG: Candidates must have passed Class XII from a recognised board of examination.
Eligibility for PG: To pursue the postgraduate programme in Economics, one must have pursued graduation in Economics.
| Exam Name | Application Period | Exam Date |
|---|---|---|
| NPAT | To be Announced | To be Announced |
| BHU UET | To be Announced | To be Announced |
| PUCET | To be Announced | To be Announced |
| TISS BAT | To be Announced | To be Announced |
| IPU CET | To be Announced | To be Announced |
| JNUEE | To be Announced | To be Announced |
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