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Anticipating the Evolution of BA Economics Education in Delhi NCR Colleges
Economics is a branch of social science that focuses on producing, consuming, and transferring wealth. Broken into two classes, macroeconomics and microeconomics, economics directly affects everyday life. Macroeconomics is the branch of economics that focuses on large-scale factors, such as interest rates and national and international productivity. Whereas microeconomics focuses on the behaviour of individuals, businesses, and organisations when it comes to using their wealth. The last decade has seen rapid technological advancements, globalisation, and complex socio-economic challenges, and the role of an economist has become increasingly vital for the development of the country. You are more likely to witness this change in the National Capital Region (NCR) of India, where several Government and Private players running Higher Educational Institutions have realised this and included it in their professional program offerings to the students. We have tried to bring about how BA economics as a career prospect has evolved in Delhi NCR colleges, amidst the prominence of modern technologies like Artificial Intelligence and Machine Learning. However, amidst all that is technical and futuristic hogging the limelight, the study of economics has stood steadfast as the only beacon of understanding the intricate dynamics of human behaviour, societal systems, and global markets, thereby emphasising its indispensable importance in navigating the complexities of the modern world.
Why BA Economics from NCU
While we all agree that Delhi/ NCR has several Higher Educational Institutions that offer this program, few can boast of shaping future economists and the policymakers of our Nation. The North Cap University (NCU), is one such college located in Gurugram which has instilled a special character in its multi-disciplinary learning. Over the years they incorporated certain trends and changes into their curriculum and teaching methodologies which are paying rich dividends. When we speak of Interdisciplinary teachings, here we must mention the three different Schools of Engineering & Technology, Law, and School of Business that we are referring to which help the faculty in creating a curriculum that integrates interdisciplinary perspectives to the economic programs to equip students with a holistic understanding of the real world issues and Challenges.
The second most important reason that the School has realised is the introduction of experiential learning opportunities to the students in the form of hands-on skills apart from theoretical knowledge. They have massive collaborations with industry partnerships which incidentally are co-located in Gurugram itself, which provide internships, research projects, and case studies which then they can apply to economic theories in real-world settings. Another trend that NCU has realised is that the World has now become one and in this increasing globalisation of economics, there is a need to understand the global economic system by introducing courses on global economics, international finance, and economic development, thereby preparing students for careers in multinational corporations, international organisations, and diplomatic missions.
In recent times, the importance of quantitative skills cannot be overemphasised, more so for an economist as we are moving in a fast-paced manner to a data-driven world. Future economists should possess this skill set which helps them in enhancing their career prospects. NCU has added this to the curriculum, which in turn shall help the students in their analytical and computational abilities. In today’s data-driven world, economists need to be proficient in statistical analysis, econometrics, and mathematical modelling to make informed decisions and solve complex problems.
Students, young and inexperienced are unaware of the uncertainties that lie ahead of them in their careers. NCU has realised this aspect during its constant interaction with industry and has included topics on soft skills such as critical thinking and problem-solving needed for navigating the complexities of the modern economy and succeeding in diverse career paths. These skills ultimately help the student excel in their career path. In addition, NCU also facilitates leveraging technology to a large extent by encouraging students to access online resources, attend interactive simulations, and participate in seminars and webinars regularly.
Conclusion
In conclusion, a large number of Higher Educational Institutions in Delhi/ NCR have started offering BA Economics to students to ensure that their students are placed well on completing the programme, little realising that what is required is a comprehensive and relevant education, which is acceptable globally as well as to our Industry in particular. NCU’s offering of experiential learning opportunities and emphasis on quantitative skills has stayed ahead of the curve, which is in tune with the latest global technical developments and our industry requirements.To know more about the programme visit https://www.ncuindia.edu/programme/bachelor-of-arts-ba-economics-hons/