Economics and Finance Major
The interdisciplinary B.Sc. Hons programme in Economics and Finance will help students to understand the principles of economics and its applications to financial systems and organisations.
The department recommends that students complete mathematics in Classes 11 and 12 to be eligible for any economics-related major or minor.
For students who have not studied mathematics in Classes 11 and 12 to be eligible for any economics-related major or minor, they need to:
a) Take MAT 1000: Calculus (a 1000-level course) offered by the Mathematics department in their first semester and
b) Secure at least an A- to be eligible
Note, there may be an entry test requirement for MAT 1000 which will be set by the Maths department. Please check the mathematics department website for more details.
In addition to quantitative techniques in mathematics and statistics, the curriculum will also include advanced financial techniques such as derivatives pricing, risk management and portfolio management.
Finance Courses
A sample of courses constituting the Finance electives is the following.
- Introduction to Finance
- Financial Markets and Asset Pricing
- Finance and the Economy
- Advanced Financial Management
- Financial Markets and Institutions
- International Finance
- Asset Pricing
- Derivatives and Risk Management
- Empirical Monetary Policy and Finance
The list of economics and finance electives from recent semesters can be found here.
Major Requirements
Students admitted to Ashoka in 2022 and thereafter fall within the NEP Programs. Credit requirements for interdisciplinary majors are listed below.
Four-year Economics and Finance UG degree (BSc Hons. degree) requires 20 major courses, each of 4 credits. The structure of the 20 courses is the following:
- 12 compulsory courses in Economics: these include — Introduction to Economics, Mathematics for Economics, Microeconomic Theory I, Macroeconomic Theory I, Statistics for Economics, Microeconomic Theory II, Macroeconomic Theory II, Econometrics, Development Economics, Advanced Microeconomics, Advanced Macroeconomics and Advanced Econometrics.
- Any 8 economics or finance electives, of which at least 4 finance electives
In addition to this one can do a BSc Honours with Research with an additional Dissertation of 12 credits. The exact breakdown of the year-long sequence will be announced after the university discussions by the end of the academic year 2024-25.
Three-year Economics and Finance UG degree (BSc degree) comprised of 15 major courses, each of 4 credits. The structure of the 15 courses will be the following.
- The 9 compulsory Economics major courses include — Introduction to Economics, Mathematics for Economics, Microeconomic Theory I, Macroeconomic Theory I, Statistics for Economics, Microeconomic Theory II, Macroeconomic Theory II, Econometrics, and Development Economics.
- Any 6 economics or finance electives, of which at least 3 finance electives
Sample Curriculum Structure (For students admitted in 2022 and later)
4-year Economics and Finance major
| Semester I | Semester II | Semester III | Semester IV | Semester V | Semester VI | Semester VII | Semester VIII |
| Introduction to Critical Thinking | Foundation Course 4 | Foundation Course 6 | Foundation Course 7 | Foundation Course 8 | Economics Elective 2 | Advanced Microeconomics | Economics Elective 4 |
| Foundation Course 1 | Foundation Course 5 | Statstics for Economics | Econometrics | Development Economics | Economics Elective 3 | Advanced Macroeconomics | Finance Elective 4 |
| Foundation Course 2 | Introduction To Economics | Microeconomics Theory I | Microeconomics Theory II | Economics Elective 1 | Finance Elective 2 | Advanced Econometrics | |
| Foundation Course 3 | Mathematics for Economists | Macroeconomics Theory I | Macroeconomics Theory II | Finance Elective 1 | Finance Elective 3 |
The above table is only a sample curriculum structure. Blank boxes are for non-major courses. There could be other possibilities, e.g. taking the 7th Foundation Course in 6th semester and taking three Economics electives in the 5th semester.
3-year Economics and Finance major
| Semester I | Semester II | Semester III | Semester IV | Semester V | Semester VI |
| Introduction to Critical Thinking | Foundation Course 4 | Foundation Course 6 | Foundation Course 7 | Foundation Course 8 | Economics Elective 2 |
| Foundation Course 1 | Foundation Course 5 | Statstics for Economics | Econometrics | Development Economics | Economics Elective 3 |
| Foundation Course 2 | Introduction To Economics | Microeconomics Theory I | Microeconomics Theory II | Economics Elective 1 | Finance Elective 2 |
| Foundation Course 3 | Mathematics for Economists | Macroeconomics Theory I | Macroeconomics Theory II | Finance Elective 1 | Finance Elective 3 |
