Welcome To B. K. Birla College of Arts, Science & Commerce, Kalyan
Welcome To B. K. Birla College of Arts, Science & Commerce, Kalyan
Welcome To B. K. Birla College of Arts, Science & Commerce, Kalyan
Welcome To B. K. Birla College of Arts, Science & Commerce, Kalyan
Welcome To B. K. Birla College of Arts, Science & Commerce, Kalyan
B.A. (Economics)
B.A. (Economics)
The B.A. (Economics) program equips students with both qualitative and quantitative understanding of economic theories, policies, and risk management. It offers in-depth study of Indian and global economies, public finance, development economics, statistics, and market analysis, preparing students for careers in banking, government services, research, and policy-making.
Key Information
Eligibility
- 10+2 with English as one of the main subjects.
- Or 10+2 with English as one of the main subjects along with vocational subjects.
Duration
3 Years
Programme Code
BUA101
Course Type
Bachelor Degree
Curriculum
Semester - I
| Sr. No. | Paper | Title of Paper | Course Code | Credits |
|---|---|---|---|---|
| 1 | Major I | Microeconomics I | BUAECO101 | 4 |
| 2 | SEC-I | Numerical ability | BUAECO102 | 2 |
| Total Credits offered by the Dept. of Economics | 8 | |||
Course Outcomes (CO)
| Course Code | Title of Course | Course Outcome |
|---|---|---|
| BUAECO101 | Microeconomics I |
- To understand the basic concepts of microeconomics - To learn how consumer and producer’s equilibrium achieve through demand analysis and production function. |
| BUAECO102 | Numerical ability |
- To understand basic concepts and tools of Mathematics. - To apply these tools to fetch employment opportunities. |
| BUAECO103 | Economics in everyday life |
- Provides the basic conceptual framework in Economics - Helps to apply the concepts in day-to-day life of the people |
Semester - II
| Sr. No. | Paper | Title of Paper | Course Code | Credits |
|---|---|---|---|---|
| 1 | Major I | Microeconomics II | BUAECO201 | 4 |
| 2 | SEC-I | Digital Education | BUAECO202 | 2 |
| Total Credits offered by the Dept. of Economics | 6 | |||
Course Outcomes (CO)
| Course Code | Title of Course | Course Outcome |
|---|---|---|
| BUAECO201 | Microeconomics II |
- To understand the basic structure of the market, including perfect and imperfect markets. - To learn about the structure of cost of - production |
| BUAECO202 | Digital Education |
- To acquire practical knowledge of using various Digital Tools such as, Google Docs, Google Forms, Spreadsheets etc. - To use different Online platforms for Certificate and Diploma Courses. - To become aware about various E-Resources available for them. |
Semester - III
| Sr. No. | Paper | Title of Paper | Course Code | Credits |
|---|---|---|---|---|
| 1 | Major I | Microeconomics-I | BUAECO301 | 4 |
| 2 | Major II | Statistics-I | BUAECO302 | 4 |
| 3 | Minor | Investment Analysis-I | BUAECO303 | 4 |
| 4 | Vocational Skill Course | Basics of Stock Market | BUAECOVSC304 | 2 |
| 5 | CEP | Community Engagement Programme | BUAECOCEP305 | 2 |
| Total Credits offered by the Dept. of Economics | 16 | |||
Course Outcomes (CO)
| Course Code | Title of Course | Course Outcome |
|---|---|---|
| BUAECO301 |
Major I Macroeconomics-I |
CO1: Discuss the basic theoretical framework underlying the field of macroeconomics and interpret the components of macroeconomic framework. CO2: Different approaches to national income, output and unemployment. CO3: Examine the concepts related to consumption and investment. |
| BUAECO302 |
Major II Statistics-I |
CO1: Students will be able to define statistics as numerical data and statistical methods, demonstrating an understanding of how these tools are used to analyse and interpret real-world data. CO2: Students will be able to define and compute various measures of central tendency, such as mean, median, and mode, and interpret their significance in different contexts. CO3: Students will develop the ability to apply statistical tools and techniques to analyse market structures and economic trends, understanding their impact on business and economic performance. |
| BUAECO303 | Minor Investment Analysis-I |
CO1: Demonstrate a basic understanding of investments and the nuances of investing. CO2: Become informed about other financial instruments and institutions. CO3: Exhibit the acquaintance of the securities market, mutual funds and its constituents. CO4: Understand how securities are traded in the market. |
| BUAECOVSC304 | Basics of Stock Market |
CO1: Students will be able to understand the structure and functioning of the stock market, including key instruments, participants, and basic trading mechanisms. CO2: Students will develop basic financial literacy and the ability to interpret simple market information, enabling informed investment awareness and responsible financial decision-making. |
| BUAECOCEP305 | Community Engagement Programme |
CO1: Students will be able to understand community structure, needs, and challenges through direct field interaction and apply social science concepts to analyse real-life community issues. CO2: Students will develop social responsibility, communication skills, teamwork, and the ability to participate effectively in community-based activities, surveys, and awareness programmes. |
Semester - IV
| Sr. No. | Paper | Title of Paper | Course Code | Credits |
|---|---|---|---|---|
| 1 | Major I | Microeconomics-I | BUAECO401 | 4 |
| 2 | Major II | Statistics-I | BUAECO402 | 4 |
| 3 | Minor | Investment Analysis-I | BUAECO403 | 4 |
| 4 | Skill Enhancement Course | Technical Analysis of Stock Market | BUAECOSEC404 | 2 |
| 5 | FP | Field Project | BUAECOFP405 | 2 |
| Total Credits offered by the Dept. of Economics | 16 | |||
Course Outcomes (CO)
| Course Code | Title of Course | Course Outcome |
|---|---|---|
| BUAECO401 |
Major I Macroeconomics-II |
CO1: Examine the concepts of demand for money and supply of money. CO2: Describe the macroeconomic phenomena of inflation. CO3: Illustrate the IS-LM model and theory of employment to identify problems caused at macroeconomic level. CO4: Explain the aspects of monetary policy and fiscal policy. |
| BUAECO402 |
Major II Statistics-II |
CO1: By the end of the course, students will be able to estimate population means, compute confidence intervals, and perform hypothesis tests to evaluate statistical significance in one-sample and two-sample problems. CO2: Students will be able to decompose time series data into its components (trend, seasonal, cyclical, and irregular), apply appropriate trend measurement techniques, and analyze seasonal variations using various statistical models. CO3: Students will be able to use control charts (X-bar, R-charts, p and c-charts) for industrial quality control, and apply demographic methods to measure and analyze key population indicators, such as mortality, fertility, and growth rates. |
| BUAECO403 | Minor Investment Analysis-II |
CO1: Becomes informed on the Investment Theories and techniques about efficient portfolio diversification. CO2: Measures the risk of an individual asset held as a part of a diversified portfolio. CO3: Apply knowledge gained to perform analysis of various securities. CO4: It will result in comprehensive understanding of complex techniques applicable to solve Problems. |
| BUAECOSEC404 | Technical Analysis of Stock Market |
CO1: Students will be able to understand and apply basic technical analysis tools such as charts, trends, support–resistance levels, and technical indicators to analyse stock price movements. CO2: Students will develop the skill to interpret market patterns and price signals, enabling informed short-term trading decisions and improved market forecasting ability. |
| BUAECOFP405 | Field Project |
CO1: Students will be able to conduct basic field-based data collection using surveys, interviews, or observations and analyse the collected information using appropriate social science methods. CO2: Students will develop practical research skills, problem-solving abilities, and the capacity to connect classroom concepts with real-world situations through hands-on field experience. |
Semester - V
| Paper | Title of Paper | Course Code | Credits |
|---|---|---|---|
| Major I | Microeconomics Theory and Applications- I | BUAECO501 | 4 |
| Major II | Economics of Growth & Development-I | BUAECO502 | 4 |
| Major III | Basic Mathematical Techniques for Economics-I | BUAECO503 | 2 |
| Minor | Money & Banking-I | BUAECO505 | 4 |
| VSC | Export & Import Management-I | BUAECO506 | 2 |
| FP | Field Project | BUAECOFP507 | 2 |
| Total Credits offered by the Dept. of Economics | 22 | ||
Course Outcomes (CO)
| Course Code | Title of Course | Course Outcome |
|---|---|---|
| BUAECO501 | Microeconomics Theory and Applications- I |
CO1: Students will be able to comprehend advanced microeconomic theories and concepts and demonstrate the ability to apply these principles in real-world scenarios. CO2: Students will develop the analytical skills necessary to apply microeconomic theories and models to understand and solve practical economic problems in various contexts. CO3: Students will gain a deep understanding of the factors that influence producers' decision-making processes and will be able to evaluate producer behaviour in different market conditions. |
| BUAECO502 | Economics of Growth & Development-I |
CO1: Develop keen interest in various aspects of Economic Development, as well develop their theoretical, empirical and analytical skills. CO2: Critically understand key theories of economic development. CO3: Conceptual understanding and some applications of important growth models. |
| BUAECO503 | Basic Mathematical Techniques for Economics-I |
CO1: Demonstrate proficiency in basic mathematical techniques (algebra, calculus, and statistics) and apply them to solve economic problems. CO2: Solve linear and non-linear equations, inequalities, and systems of equations, and interpret their economic implications. CO3: Analyse the economic behaviour of functions such as profit, cost, and demand using graphical representations and mathematical models. CO4: Use differentiation to find marginal concepts such as marginal cost, marginal revenue, and marginal utility in economic contexts. |
| BUAECO504 | International Economic Theory and Practices-I |
CO1: Students will be able to explain and apply classical and modern theories of international trade, such as Adam Smith's theory of absolute advantage, Ricardian theory, and the Heckscher-Ohlin theory. CO2: Students will be able to assess the determinants of labour and capital mobility, identify different types of international capital flows (FDI, FPI, ECBs), and understand the challenges posed by outsourcing. CO3: Students will develop the ability to evaluate the effects of economic integration, including trade creation, trade diversion, and the role of trade blocs like ASEAN, SAARC, and SAFTA in promoting economic cooperation. CO4: Students will be able to critically assess the social, political, and economic implications of international trade, FDI, and capital mobility, and understand how these affect global markets and development strategies. |
| BUAECO505 | Money & Banking-I |
CO1: Understand meaning, functions and classification of money. CO2: Know the components and factors affecting money supply. CO3: Learn the role of commercial banks in the economic development of a country. CO4: Understand the credit creation process of commercial banks and its limitations. CO5: Evaluate the structure, role and functions of Reserve Bank of India. CO6: Describe role of capital market and money market in economic development and reforms introduced in the Indian money market and capital market. CO7: Understand role of SEBI in the capital market in India. |
| BUAECO506 | Export & Import Management-I |
CO1: Students will be able to understand and explain the fundamental concepts of export and import marketing, including the classification of exports, export preparation, licensing, and methods of exporting. CO2: Students will gain the ability to accurately identify and complete various export and import documents such as commercial invoices, shipping bills, and marine insurance policies, ensuring compliance with international trade requirements. CO3: Students will develop the skills to apply practical aspects of export and import transactions, including the creation of pricing quotations, understanding payment terms, and managing the procedures for obtaining export licenses and registering with relevant organizations. |
| BUAECOFP507 | Field Project |
CO1: Students will be able to identify an economic issue/problem and conduct field-based primary data collection using surveys/interviews/observations, and analyse the collected data using appropriate economic and statistical tools. CO2: Students will develop research aptitude, analytical and report-writing skills, and the ability to relate theoretical economic concepts with real-life socio-economic conditions through experiential field learning. |
Semester - VI
| Paper | Title of Paper | Course Code | Credits |
|---|---|---|---|
| Major I | Microeconomics Theory and Applications- II | BUAECO601 | 4 |
| Major II | Economics of Growth & Development-II | BUAECO602 | 4 |
| Major III | Basic Mathematical Techniques for Economics-II | BUAECO603 | 2 |
| Minor | Money & Banking-II | BUAECO605 | 4 |
| OJT | On Job Training | BUAECO606 | 4 |
| Total Credits offered by the Dept. of Economics | 22 | ||
Course Outcomes (CO)
| Course Code | Title of Course | Course Outcome |
|---|---|---|
| BUAECO601 | Microeconomics Theory and Applications- II |
CO1: Students will be able to explain how information impacts decision-making in markets, distinguishing between symmetric and asymmetric information and understanding their effects on market behavior. CO2: Students will be able to assess the effects of adverse selection, moral hazard, and lemons on market outcomes, and provide solutions to these problems through models like screening and signalling. CO3: Students will be able to analyse and compare signalling and screening models, particularly in the context of educational attainment, workplace responsibilities, and government involvement. CO4: Students will be able to explain the concept of externalities, public goods, and market failures, and critically evaluate the effectiveness of government interventions such as taxes, subsidies, and regulations in correcting these inefficiencies. |
| BUAECO602 | Economics of Growth & Development-II |
CO1: Students will be able to explain key concepts such as demographic transition, human capital, and fertility theories, and evaluate how these elements influence economic growth and development policies. CO2: Students will develop the ability to assess the causes and effects of urbanization and migration, understand policies for rural and urban development, and analyse the role of agriculture and the informal sector in economic transformation. CO3: Students will gain the knowledge to compare trade strategies such as export promotion versus import substitution, analyse the role of foreign direct investment, and assess the impact of multinational corporations and financial strategies on developing countries. CO4: Students will be able to identify the functions and contributions of market, state, and voluntary sectors in the development process, and critically evaluate the changing role of development planning and models of planning. CO5: Students will understand the influence of international organizations (such as the World Bank, IMF, and WTO) in shaping global development policies, with a focus on structural adjustment, stabilization policies, and the incorporation of gender budgeting in development planning. |
| BUAECO603 | Basic Mathematical Techniques for Economics-II |
CO1: Demonstrate proficiency in basic mathematical techniques (algebra, calculus, and statistics) and apply them to solve economic problems. CO2: Solve linear and non-linear equations, inequalities, and systems of equations, and interpret their economic implications. CO3: Analyse the economic behaviour of functions such as profit, cost, and demand using graphical representations and mathematical models. CO4: Use differentiation to find marginal concepts such as marginal cost, marginal revenue, and marginal utility in economic contexts. |
| BUAECO604 | International Economic Theory and Practices-II |
CO1: Understand the evolution of international trade and its economic implications. CO2: Analyze trade policies, tariffs, and non-tariff barriers. CO3: Know about the importance of maintaining equilibrium balance of payments and suggests suitable measures to correct in the disequilibrium as well. CO4: Understand foreign exchange market and its effects. |
| BUAECO605 | Money & Banking-II |
CO1: Students will be able to understand the root causes of financial crises, assess the role of banks in contributing to systemic risk, and evaluate the effectiveness of government interventions such as bailouts and stimulus packages. CO2: Students will be able to evaluate the key regulations governing banks and financial markets, including prudential regulation, the role of oversight agencies like the FDIC and SEC, and the impact of reforms such as Basel III and the Dodd-Frank Act. CO3: Students will gain an understanding of how digital currencies, cryptocurrencies, and FinTech innovations are transforming banking services, monetary policy, and financial markets, with a focus on the potential implications of central bank digital currencies (CBDCs). CO4: Students will be able to analyse the role of international financial institutions like the IMF and World Bank in managing global financial stability, and understand the impact of global events. |
| BUAECO606 | On Job Training |
CO1: Apply economics knowledge in the workplace through assigned tasks such as documentation, data handling, reporting, and observations. CO2: Develop employability skills such as teamwork, communication, time management, and professional discipline. CO3: Understand organisational functioning and workplace ethics in real institutional/industry settings. CO4: Prepare internship documentation (daily log/diary and final report) in a systematic academic format. |
Expert Faculty
Dr. Mahadeo Yadav
Vice-Principal (Arts)
HOD - Economics
HOD - Economics
Economics
⭐ Expert Faculty
Mr. Rakesh Bhoir
Assistant Professor
Economics
Dr. Sonali Rajput
Assistant Professor
Economics
Ms. Mitali Sawant
Assistant Professor
Economics
Program Outcome (PO)
PO-1 : Knowledge
The Bachelor of Arts Program creates an interest for the languages, social sciences and humanities amongst the students.
PO-2 : Problem Solving, Creative and Critical Thinking
To develop the ability for qualitative and quantitative, objective and rational, skeptical and unbiased approach amongst the students.
PO-3 : Employability
Upon completion of this program, students will stand eligible for post-graduate program in Law, Education, Languages, Social Sciences, Social Services and a multitude of other programs, thereby adding to the educated and skilled workforce of the society.
PO-4 : Professionalism and Leadership Qualities
The students are encouraged to inculcate professional skills and reconcile their leadership attributes.
PO-5 : Intercultural and Ethical Values
To enable the students to identify the established value system and develop some core values for the evolution of moral dimensions.
PO-6 : Digital Capabilities
To enhance digital learning capabilities of the students and increase the student’s proficiency in the use of digital tools and technologies
PO-7 : Sustainability
To provide education that promotes sustainability within a diversity of culture, eco-system and resources.
Programme Specific Outcomes (PSO)
PSO1 : Economic Awareness
Understand the trend in Indian and World Economy.
PSO2 : Economic Policy Analysis
Analyse the macroeconomic Policies including fiscal and economic policies of India.
PSO3 : Economic Measurement
Determine the economic variables including inflation, unemployment, GDP, Balance of Payments using statistical methods.
PSO4 : Market Analysis
Understand the trends of financial and money markets and perform cost – benefit analysis for making investment decisions.
PSO5 : Applied Economics Skills
Develop practical skills helpful in the study and understanding of economic events.
PSO6 : Research Orientation
Develop a research orientation among the students and to acquaint them with fundamentals of research methods.
PSO7 : Analytical Skills
Aims to empower the students with the skills required to analyze, evaluate and act upon the problems by teaching them the latest techniques.
PSO8 : Economic Assessment
Enhances them to assess the real situation of the economy including the size and changes of population, income pattern, nature of and extend of employment, rate of development with pattern of investments and savings and policies in relation to other countries.
Programme Objectives
- Loreum Ipsum
Career Options
- Business Analyst
- Financial Analyst
- Market Research Analyst
- Data Analyst
- Economic Journalist
- Financial Content Writer
- Policy Analyst
- Economist
- Policy Researcher
- Development Sector
- Teacher (after B.Ed.)
- Lecturer (after M.A. + NET/SET)
