B.A in Developmental Economics is a 3- year full- time course divided into 6 semesters, with each semester lasting a period of 6 months. Development Economics focuses on the economic aspects of developing countries with low incomes. Subjects covered in this course essentially include History of Economic Thought, Microeconomics, Macroeconomics, Statistics and Mathematical Economics, and Developmental Economics.
The course aims at producing trained development- economy decision makers and managers of the future. It offers broad intellectual training in intricate concepts of how the economy works and also offers relevant skills needed for a constructive application of such knowledge.
The curriculum is designed to generate a body of human resource equipped with the requisite skills to identify, analyse, formulate, implement, monitor and evaluate development- related issues affecting the society.
The discipline of Development Economics examines the global challenges in development economics, international trade and related areas, explores the relationships and tensions between economics and development and attempts to innovate ways to assess and design solutions to these challenges.
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The average annual course fee in India ranges between INR 3,000 and 2,70,000, depending upon the institute offering the course.
The average annual starting salary offered in India to successful graduates of the course ranges between INR 1,50,000 and 8,00,000 depending upon the candidate’s expertise in the field.
Listed below are some of the major highlights of the course.
|Course Level||Under Graduate|
|Examination Type||Semester System|
|Admission Process||Counselling after taking entrance examination|
|Course Fee||INR 3,000 to 2,70,000|
|Average Starting Salary||INR 1,50,000 to 8,00,000|
The course is designed to prepare eligible students for a career in developmental economics- the science of distribution, consumption, and production of goods and services.
The course decodes the system of demand and supply, with significant implications in politics, economy, and society. It involves components like mathematical economics, statistical economics, monetary economics, international economics, developmental economics, econometrics, public finance, and economic policy- making.
Subjects of specialization offered in the course are finance, agriculture, econometrics, rural development, health, business development, international economics, industrial law and human resource.
Some of the top institutes offering the course in the country with the corresponding locations and fees charged by the respective colleges are listed below.
|COLLEGE NAME||CITY||AVERAGE ANNUAL FE|
|University of Calicut||Calicut||INR 3,380|
|N.M.S.M. government college||Wayanad||INR 6,000|
|Shri ramswaroop memorial university||Lucknow||INR 1,30,000|
|Amity university||Gwalior||INR 2,70,000|
|PDM university||Bahadurgarah||INR 2,00,000|
The minimum eligibility criterion needed to be fulfilled for applying to the course is a 10+2 qualification from a recognized educational Board with Mathematics as one of the main subjects, and a minimum aggregate score of 55%.
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The procedure of admission to the course consists of 2 stages:
Written Joint Entrance Test
Eligible aspiring candidates are needed to qualify an objective- type, multiple- choice test conducted separately by institutes. The test assesses the candidates’ aptitude through components like Quantitative Ability, Reasoning, Analytical Ability, General English Business, and General Awareness.
Selection of candidates is subsequently based on their class XII score, performance in the joint entrance test, and the round of counselling.
Successful graduates of the course are lucratively hired in the public sector, such as the Indian Economic Services, Reserve Bank of India, PSUs and other public- sector banks, and in the private sector, such as private banks, MNCs, BPOs, KPOs, business journals, newspapers, NGOs and International Aid Agencies.
Organizations such as the World Bank, Asian Development Bank, IMF, and other development banks, aid agencies, financial consultancies also hire such graduates.
They are hired in capacities such as Economist, Economic Advisor, Executive, Analyst, Consultant, Researcher, Financial Analyst, Business Analyst, Economic Research Analyst and Stock Market Analyst.
Some of the popular professional avenues open to such graduates are listed below with the corresponding salaries offered for the respective positions.
|JOB POSITION||JOB DESCRIPTION||AVERAGE ANNUAL SALARY IN INR|
|Team Leader||A Team Leader provides direction, instruction and guidance to a group of individuals for the purpose of achieving a certain goal. Team leaders serve diverse roles in an organization.||INR 7,00,000|
|Managing Editor||Managing Editors edit the activities and assess the productivity of a department or entire organization. They delegate duties such as typing, copying, and scanning, work with the Assistant Director to sustain and grow programs and services, and manage administrative functions to ensure smooth and efficient operations of the organization.||INR 7,50,000|
|Economics Teacher||Economics Teachers gather course material, organize instruction, and create assessment tools such as tests or research assignments to meet the learning objectives outlined at the beginning of the course. Teachers deliver lectures and facilitate student discussion on a daily basis.||INR 2,00,000|
|Content Developer||Content Developers are responsible for creating original content for websites, newsletters, press releases, blogs, articles and advertising and marketing material based on the requirements of a client or organization. Content Developers often use their skills, knowledge and experience in software and programming as well as web-based technology, to create and update content for websites.||INR 2,43,000|
|Data Entry Operator||Data Entry Operators are responsible for preparing, compiling, and sorting documents for data entry, checking source documents for accuracy, verifying data and correcting data, obtaining further data for incomplete documents, updating data and deleting data. They also combine data and rearrange data from source documents.||INR 1,50,000|
A semester- wise breakup of the course’s syllabus is tabulated below.
|Introduction mathematical economists|
|Fundamental of business accounting|
|Principles of human resource management|
|Principles of development economics|
|Statistical methods in economists|
|Computer applications and systems|
|Principles of marketing|
|Population and labor economics|
|Business quantitative methods|
|Agricultural economics and farm management|
|Agricultural marketing and cooperatives|
|Economics of regulations|
|Environmental and natural resource economics|
|Project planning and management|
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