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M.A Economics

The Economics Department is as old as the college itself, going way back to 1948. The P.G. program began in 2005 and is about a decade old. We are now following the Choice-based Credit system introduced from 2014 onwards wherein, the course-work comprises of Core, Allied, Elective and Soft-skill-based Courses. This flagship program of the department specialises in areas of finance and management. On acquiring knowledge of the qualitative and quantitative techniques as well as gaining an in-depth understanding of the field, Graduates of this degree will be able to demonstrate their skills in Data Analytics, Econometrics, International Commerce, etc. The Curricular and Extracurricular activities are designed in a way to ensure that the students receive a holistic understanding through the curriculum.

Head of Department

Dr. Vijaya Priya S.
Associate Prof., M.A., SLET , UGC-NET, M.Phil. , Ph.D.

Vision

The vision of the department is to provide our students with a strong academic foundation in economic theory and encourage them to apply their knowledge to analyse economic issues and policies.

Mission

  • To be a center of excellence by training students in economic applications
  • To keep up with changes and improve course sequencing
  • To promote vibrant economic and social science research
  • To update knowledge and skills in information/communication technology for more effective teaching, learning, and research
  • To enhance collaborations & industry-interface
  • To encourage students to get involved with the department by providing them with opportunities for the development of leadership skills through activities/programs

PG COURSE CBCS FORMAT FOR M.A. ECONOMICS BATCH 2018

(B)Course Matrix for PG Programme:

NATURE
OF
COURSE
SEMESTER ISEMESTER IISEMESTER III
ELECTIVE COURSE
SEMESTER IV
CORE COURSEMicroeconomics-IMicroeconomics-IIInternational TradeOperation Research for Economics
Macroeconomics – IMacroeconomics – IIBusiness Economics/ Financial EconomicsPredictive Analytics
Public EconomicsResearch Methods for EconomicsAccounting for Business Economics/ Advanced EconometricsEconomics of Industry & Labour / Financial Mathematics & Game Theory
Economics of DevelopmentEconomics of GrowthEconomics of Innovation/ Financial Management & AccountingLabour Economics / Risk Management & Insurance
ALLIED COURSEMathematics for EconomicsBasic Econometrics
Statistics for EconomicsCurrent Policies and Challenges of Indian Economy
SOFT COURSEData Analytics

OPEN

ELECTIVE

Fundamentals of Economics
  CDPInternshipDissertation & Viva-voce

 

TESTING AND EVALUATION

The performance of the student will be assessed throughout the semester. Evaluations will be
based on end-semester examinations and continuous internal assessment (CIA).

Semester - I

Course CodeName of the CoursePaper TitleLTPCreditsCIA MarksESETotal Marks
CC-01Core Course - IMicroeconomics-I4:0:043070100
CC-02Core Course - IIMacroeconomics - I4:0:043070100
CC-03Core Course - IIIPublic Economics4:0:043070100
CC-04Core Course - IVEconomics of Development3:2:043070100
AC-01Allied Course - IMathematics for Economics4:0:043070100
AC-02Allied Course - IIStatistics for Economics4:0:043070100
 TotalStatistics for Economics4:0:0243070600

 

 

Semester - II

Course CodeName of the CoursePaper TitleLTPCreditsCIA MarksESETotal Marks
CC-05Core Course – VMicroeconomics-I4:0:043070100
CC-06Core Course - VIMacroeconomics - II4:0:043070100
CC-07Core Course - VIIResearch Methods for Economics4:0:043070100
CC-08Core Course - VIIIEconomics of Growth4:0:043070100
AC-03Allied Course - IIIBasic Econometrics4:0:043070100
AC-04Allied Course - IVCurrent Policies and Challenges of Indian Economy3:2:043070100
 CDP  2 5050
    26  650

 

Semester - III

Course CodeName of the CoursePaper TitleLTPCreditsCIA MarksESETotal Marks
EC-01Elective Course IInternational Trade4:0:043070100
EC-02Elective Course IIManagerial Economics / Financial Economics4:0:043070100
EC-03Elective Course IIIAccounting for Business Economics / Advanced Econometrics4:0:043070100
EC-04Elective Course IVEconomics of Innovation & Entrepreneurship/ Financial Management & Accounting3:2:043070100
AC-05Allied Course - VData Analytics0:0:843070100
AC-05Allied Course - VData Analytics0:0:843070100
OEOpen ElectiveFundamentals of Economics2:0:02153550
 Internship  2 5050
 Total  24165435600

Semester - IV

Course CodeName of the CoursePaper TitleLTPCreditsCIA MarksESETotal Marks
EC-05Elective Course VOperation Research for Economics4:0:043070100
EC-06Elective Course VIPredictive Analytics0:0:843070100
EC-07Elective Course VIIIndustrial economics / Financial Mathematics4:0:043070100
EC-08Elective Course VIIILabour Economics / Risk Management & Insurance3:2:043070100
PR-01Project / Viva Voce 12:0:0850150200
 Total  24120530600
    98  2450
  • The Department recently commemorated its 70 years completion – in lieu of the same – the Economics Association ‘Artha’ conducted various activities.
  • Launch of the Economics Newsletter Pramartha on Economics Day for the completion of 70 years of the department.
  • One day workshop on Bengaluru Next- Review, Restore & Redesign – provided an opportunity to discuss and deliberate on the challenges that the city faces and the policy responses needed to address them.
  • Workshop on GST – to increase the knowledge-base of students on GST by focusing on its reasons for implementation, the impact on the Indian economy and the impact on financial inclusion.
  • Collaboration with the Humanities association through an International Conference on ‘Sports’. In addition to this, an integral component oriented towards Nation Building was conducted.

Career Opportunities

  •  Pursuing higher studies abroad and well-known institutes in India.
  • Internships at RBI, Tata Steel, Railways and other public sector enterprises.
  • Cleared Eligibility Tests for Lectureships / Research Fellowships (National / State level).
  • Civil Services, Banking, Insurance & other competitive examinations
  • Corporate placements as data / finance analysts – at Deloitte, E&Y, JP Morgan, Citi-group
  • Educators – both at pre-university and degree / post graduate levels.
  • Research at Research Institutes – IIM-B, FPI, ISEC, Centre for Budget & Policy Studies.
  • Technical writing at Thomson Reuters, Economic Times.

 TOWARDS

  • Excellence
  • Employing interdisciplinary approaches
  • Research and Corporate interactions

 TO GENERATE AND ENHANCE

  • Knowledge / information
  • Appropriate skills
  • Value-based quality education
  • Sensitize and empower: socio-economic issues – facilitate tomorrow’s effective policy/decision makers

2018 – 2019

  • Celebrating 70 years of the Department- 6th and 7th July 2018: An intra-collegiate pick and speak competition and an event on Eco Act- enactment of Macroeconomic issues.
  • Economics Day- Ideas for transforming India- 27th August 2018: A guest lecture by Mr. Jayesh Chakravarthi and Mr. Kshitij Urs, followed by a panel discussion on subsidies and an intra-collegiate quiz.
  • A guest lecture on Business Analytics by Professor Patrick -September 17th, 2018 from University of California, Riverside
  • An intra-collegiate economics event conducted for Cul-Week and an inter-collegiate economics dumb charades and Pictionary event conducted for Cul-Ah 2018.
  • A guest lecture on Behavioural Economics by Professor Shagatha Mukherjee from Meghnad Desai Academy of Economics on 26th November, 2018.

2017 – 2018

  • A workshop on Voter Registration Awareness was conducted in association with Namma Bengaluru Foundation on 27th November. The event started with panel discussion consisting of:
  • One day Seminar on Vision 2025: Karnataka, Unraveling the Challenges and Prospects: in association with Dialogue on 24th January.
  • Talk by Chief Guest: Smt. Renuka Chidambaram, IAS Officer, (Principal Secretary, Department of Public Enterprises, Government of Karnataka)

2016 – 2017

  • International Conference TEJ 2017 on “ASIA’S TOURISM POTENTIAL – PATH TO ECONOMIC DEVELOPMENT”.

2015 – 2016

  • UGC Sponsored Two Day National Seminar on “Dynamics of Social Infrastructure in India – Emerging Issues, Prospects and Challenges” – 23rd & 24th February, 2016.
  • Workshop on “Transforming India: Challenges and opportunities” on 8th January, 2016.

2014 – 2015

  • Organised “Y2B-an entrepreneur workshop” in association with A.I.E.S.E.C.
  • Organised a workshop on “team building” in association with Azim Premji Foundation.
  • UGC funded two – day workshop, organised by PG Dept. of Economics and Life Science “Introductory Data Analytics” on 29th and 30th September, 2014.

2013- 2014

  • Two-Day UGC Sponsored Seminar on “Impact of Two Decades of Economic Reforms” on 17th and 18th September 2013.
  • Two-day Workshop on 11th & 12th March, 2014 on “Building Statistical Models using SPSS”.
  • One-day State Level Seminar of Empowerment of Women, “Shakti” on 17th February, 2014.

Placement Policy & Guidelines for Students

The Placement Policy is applicable to all students registered with the Placement Cell of Mount Carmel College, Autonomous, and is to be followed during their entire tenure at the college.

  1. The Placement Officer & the Placement Coordinator are the facilitators and counsellors for placement related activities and will be responsible for all concerned activities & functioning of the Placement Cell.
  2. The Student Placement Committee will be assisting the Placement Officer & the Placement Coordinator in all activities related to placements.
  3. Neither the College nor the Placement Cell guarantees a job. The Placement Cell will facilitate and coordinate the placement activities on campus including bringing in companies, coordinating the recruitment drives, organizing recruitment training and other related activities leading to the successful placements of the deserving students.
  4. Applying for a company, getting recruited, joining a company is entirely the responsibility/decision of the student concerned.
  5. Opting to register for placements is completely the choice of the students. As some would want to pursue higher studies or other opportunities, such students can refrain from registering with the Placement Cell.
  6. Students are required to check the ELIGIBILITY CRITERIA for registering with the Placement Cell before registering.
  7. All final year students with an aggregate score of 60% and above and with NO ACTIVE BACKLOGS are eligible to register for placements.
  8. All registered students are required to MANDATORILY attend the recruitment training conducted by the Placement Cell and meet the necessary threshold of 75% attendance and 80% completion of the practice tests & assessments to qualify for applying to the cos. Failing to qualify may result in re-training of the student at an additional cost which is to be borne at actuals by the concerned student.
  9. The Placement Cell will notify all the registered students about the upcoming recruitment drives through mails and Whatsapp group notifications and not individually. The students are to be alert and keep a track of the notifications and apply as per their interest and eligibility.
  10. Once a student registers/enrolls for a particular company, she is expected to complete the entire recruitment process as relevant and required. Failing to do so, will result in the student being debarred from sitting for further recruitment drives. Exceptions will be made at the sole discretion of the Placement Cell only in genuine cases. Such cases/reasons to be formally communicated to the Placement Office over mail at least one day prior to the drive.
  11. The student has a choice not to participate in the recruitment process of a company after attending the Pre-Placement Talk. If she decides to continue, then she will be bound by the College Placement Policy to attend the rest of the recruitment process of the company as stated above.
  12. Students will not be allowed to participate in the selection process of a company for which she has missed the PPT.
  13. While the Placement Cell will do its due diligence and bring in the right companies, it is the responsibility of every student to check the company profile, eligibility, Job Profile and the Job Role before applying. The same will also be mailed and/or updated on the Notice Boards or social media groups.
    a. Ex 1- If a company requires the applicant to have an average of 70%, be well assured that you meet the criteria before applying to that company.
    b. Ex 2- If the company requires you to have NO standing arrears/backlogs at the time of attending the placement process, kindly DO NOT APPLY to the company if you do not meet this criterion.
  14. If, after being selected by a company, for some reason the student is not satisfied either with the pay, the timings, work allotted, etc during onboarding, she will need to take it up with the concerned within the company. The Placement Cell will not be able to intervene in internal matters. However, it is important that the students reach out to us in case there are major deviations from the terms mentioned by the company at the time of recruitment.
  15. A student can apply to as many companies as she wants and appear for interviews until the first job is secured. A student will be considered to have secured a job if her name appears in the final select list of a company.
  16. The Placement Office of MCC follows a strict “ONE OFFER PER STUDENT” Policy. However, if a student has been offered a job with a CTC less than or equal to INR 2 lakhs PA, she can opt to apply for ONE more company, subject to prior formal approval by the Placement Office.
  17. Once a student’s name appears in the final selects of a company, it is obligatory for the student to accept the offer. Rejecting offers is strictly not allowed. Defaulters will be required to submit a letter to the Principal along with a penalty fee which could be equivalent to one month’s salary being offered by the said company.
  18. Recruitment Process: All companies generally follow the following procedure (however they could be exceptions) –
    a. Presentation about the company & Job Profile (Pre-Placement Talk)
    b. Written Exam (Aptitude / Technical Test)
    c. Group Discussion and/or Task (Assignments)
    d. Interview (Technical/HR/Others)
    e. Verification of Documents
    f. Offer Letter
  19. Students are to strictly ensure the following for all recruitment drives:
    a. Must report on time as mentioned in the schedules
    b. Wear Business Formals for every recruitment process. Students wearing casuals during recruitment process will be sent back
    c. Always carry one folder containing resumes (2-3 copies), passport size photos, copies of mark sheets, certificates & stationery
    d. Compulsorily carry College & Govt. ID Cards
  20. Most companies require applicants to have Govt. ID – Aadhar & PAN. Hence it is advised for all students to apply for these before registering for placements.
    Students are not allowed to contact the Company / HR team directly for any reason through the recruitment process. In case of any issues or concerns, they are advised to contact their Placement Office and discuss their problems.
  21. Strict action will be taken against students found to be engaged in maligning the College or the Placement Office with the companies. Any grievances you may have, are to be brought to the notice of the of the Placement Officer for resolution.
  22. If a student makes any false claims in the Resume/Student Registration Form, her registration will be cancelled immediately and job offer if any, will be revoked.
  23. All companies conduct a thorough background check/verification. If the company finds that you have manipulated your marks / documents in any manner/or mis-represented any information, your job offer will be terminated, and your name will be blacklisted.
  24. Strict discipline needs to be followed by every student during the recruitment process. Any sort of indecent behavior/misbehavior which affects the decorum of the Placement Cell or the reputation of the College or the Company, will attract severe penalty and disqualification.
  25. Unless explicitly permitted by the companies, use of mobile phones is strictly prohibited during the recruitment process.
  26. Malpractice in all forms or marking proxies during the selection process and beyond, is strictly prohibited and those caught indulging in such activities would be debarred from the placement process. Also, note that no concessions in any form shall be made in such cases.
  27. It may happen that the campus recruitment process can stretch till late evenings. Students are required and prepared to be available accordingly. In case of off-line drives, students are to inform their parents and should arrange their own transportation.
  28. In case of virtual (online) recruitment drives, it is the responsibility of the students to ensure they have the necessary equipment (laptop/PC with functional webcam and mic) and sufficient internet bandwidth for seamless conduction of the process.
  29. Students are required to provide correct email IDs and contact numbers at the time of registration. These will be used for all communication from the Placement Cell and the recruiting companies. The onus is on the students to ensure the contact details provided are correct and up to date.
  30. Students are advised to check their mails regularly as all communication related to placements will be sent through mails.
  31. It is mandatory that once you receive an Intent Letter/Offer Letter from the Company, a copy must be submitted to the Placement Office. Failing which, the end semester examination Hall Ticket/results will be withheld.
  32. All students registered for placements will be bounded by the Attendance Policy of the College. Any exception to the above is permitted only through formal approval of the Placement Office and the respective Department Heads.

WE EXPECT OUR STUDENTS TO BE PROFESSIONAL AND UPHOLD THE VALUES OF THE COLLEGE AT ALL TIMES.

For all matters not covered in the above policy, the Placement Office will use its discretion to take appropriate decisions as and when required.

The above guidelines are to ensure a smooth process in the best interest of our students and the participating companies.