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Economics Programme

 

The three-year B.A. (Hons) programme in Economics at Ashoka University is designed to provide students with a sound understanding of the principles of economics. Students will master a set of tools that will enable them to think critically and contribute to debates on a wide array of interesting problems and issues of public policy.

 

Although the primary focus of study will be on economics, students will be exposed to ideas and techniques from many other disciplines through the Foundation courses in other disciplines such as History, Sociology, Literature, and Politics. Students will also be taught the quantitative techniques in Mathematics and Statistics that have become an integral part of modern economic analysis.


We are confident that students will imbibe the skills necessary to enter a wide range of careers. Some will go on to further studies in Economics. Some others may wish to work as professional economists in the private or the public sector.

 

For any economics related major or minor, one must have studied mathematics in Classes 11 and 12. In addition to Economics major, economics is part of three interdiciplinary undergraduate majors: Interdisciplinary Major in Economics and FinanceInterdisciplinary Major in Politics, Philosophy and Economics and Interdisciplinary Major in Economics and History

Major Requirements

The total number of minimum credits required by students to graduate with a pure Economics major is 100 credits. The minimum credit requirement is 116 credits for those with an interdisciplinary Economics Major (with Fin/His/PPE).

Cohort of 2020-2023 onwards

Foundation Courses: one must take eight (8) foundation courses and one (1) ICT.

   

Compulsory courses in Economics: these include nine (9) courses — 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.

 

Elective courses in Economics: one must take six (6) elective courses in Economics from a set of courses to be offered in the 5th and the 6th semesters. 

 

The list of undergraduate courses offered by the Economics department, both compulsory and electives, along with their descriptions are available here: Undergraduate Courses in Economics and Finance

Cohort of 2019-2022

To fulfill major requirements an Economics major from the cohort of 2019-2022 onwards should meet all credit requirements for all Ashoka students including the following: 

 

Foundation Courses: one must take five (5) foundation courses.

 

Critical Thinking Seminars: one must take one ICT and one CTS.

   

Compulsory courses in Economics: same as current

Elective courses in Economics: same as current

The list of undergraduate courses offered by the Economics department, both compulsory and electives, along with their descriptions are available here: Undergraduate Courses in Economics and Finance

Cohort of 2017-2020 and 2018-2021

To fulfill major requirements an Economics major from the cohort of 2017-2020 should take the following courses:

 

Cohort of 2017-2020 (UG20): To fulfill requirements for Economics Major, students from this batch need to take 6 FCs, if they have taken "Indian Civilisations". If not, they need to take 7 FCs.

 

Cohort of 2018-2021 (UG21): students from this batch need to take 6 FCs.

 

Critical Thinking Seminars:  students from this batch must take 1 ICT and 1 CTS.

   

Compulsory courses in Economics: same as current

Elective courses in Economics: same as current

Advanced Majors

Advanced Majors: A student undertaking an Advanced Major in Economics (fourth year student)

 

     • should have completed, by the end of the third year, all major requirements in either Economics or Economics & Finance.

 

     • should complete during the fourth year the 32 credits required for the ASP, including at least three 4-credit courses in Economics, and one 8-credit capstone thesis in Economics.

 

Further information regarding the Advanced Major Programme in Economics can be found in this document.

Minor Requirements

 

For a student to Minor in Economics, one must have studied mathematics in Classes 11 and 12.

 

For the cohort of 2016-2019: Students will have to do Maths for Economics, Intermediate Microeconomics, Intermediate Macroeconomics, Statistics for Economics, Econometrics and choose one other course from the list of courses offered by the Economics faculty. Mathematics for Economics is offered in the Spring Semester (Jan-April). Statistics for Economics, Intermediate Microeconomics and Intermediate Macroeconomics are offered in the Monsoon Semester (Sep-Dec). Statistics is a prerequisite for Econometrics, which is offered in the Spring Semester (Jan-April).

 

For the cohorts of 2017-2020 and onwards: Students must take the following economics courses:

1. Introduction to Economics

2. Maths for Economics 

3. Microeconomic Theory I

4. Macroeconomic Theory I

 

In addition to the above requirement, students completing the minor in Economics must also take either of these two combinations: Statistics and Econometrics OR Microeconomic Theory II and Macroeconomic Theory II.

Concentration Requirements

For a student to get a Concentration in Economics, one must have studied mathematics in Classes 11 and 12.

 

For the cohort of 2016-2019: Students have to do four (4) courses. Maths for Economics, Intermediate Microeconomics and Intermediate Macroeconomics are compulsory. Students may choose the fourth course from any of the courses offered by the economics faculty. 

 

For the cohorts of 2017-2020 and onwards: Students must take four (4) courses. These are Introduction to Economics,  Maths for Economics, Microeconomic Theory I and Macroeconomic Theory I. Introduction to Economics and Maths for Economics are offered in the Spring Semester (Jan-April). Microeconomic Theory I and Macroeconomic Theory I are offered in the Monsoon Semester (Sep-Dec).

 

Please note that some of the courses have pre-requisites. Students have to consult the Faculty coordinator in Economics about what course they should choose in Economics.

Sample Curriculum Structure

Sample Curriculum Structure for the batch of 2020-2023 (UG23)

 

Pure Economics:

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 Course 3

Foundation Course 1

Foundation Course 5

Statistics for Economics

Econometrics

Development Economics

Economics Elective Course 4

Foundation Course 2

Introduction To Economics

Microeconomics Theory I 

Microeconomics Theory II

Economics Elective Course 1

Economics Elective Course 5

Foundation Course 3

Math for Economics

Macroeconomics Theory I 

Macroeconomics Theory II

Economics Elective Course 2

Economics Elective Course 6

 

 


 

Note :

  • Two additional co-curricular courses can be taken, with a maximum of one  per semester

  • Blue colored boxes: Foundation Course or Critical Thinking Seminar

  • Red colored boxes: Economics Compulsory Courses

  • Peach colored boxes: Economics Elective Courses

Faculty

The Department of Economics at present has 26 permanent faculty members, with research and teaching interests that span a broad range of fields which include economic theory, game theory, behavioral economics, experimental economics, macroeconomics, monetary economics, economic growth, development economics, and different areas of applied microeconomics. More details about the Economics faculty can be found here: Economics Faculty