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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
Cohort of 2016-2019

To fulfill major requirements, an Economics major from the cohort of 2016-2019 should take the following courses:

 

Foundation Courses: one could either take

     • 9 Foundation Courses (FCs).

     • 8 FCs and an extra elective course (in Economics) in lieu of the 9th FC.

 

In all of the cases, the Foundation Courses must include the following:

     • Foundations of Economic Reasoning

     • Foundation Course in Environment Studies (FC 011)

     • Quantitative Reasoning and Mathematical Thinking (FC 010) if one hasn't done the Math FC (FC 004)

 

Critical Thinking Seminars: one could either take

     • 3 Critical Thinking Seminars (CTS) including Introduction to Critical Thinking, CTS 1 and CTS 2

     • 2 CTS which include Introduction to Critical Thinking, CTS 1, and take an extra elective (in Economics) in lieu of the CTS 2

 

Compulsory courses in Economics: these include the seven (7) courses — Microeconomics, Macroeconomics, Mathematics for Economics, Statistics for Economics, Game Theory, Econometrics, and Development Economics.

 

Elective courses in Economics: one must take the required number of elective courses in Economics from a set of courses to be offered in the 5th and the 6th semesters. The exact number of electives a student should take will depend on the number of FCs and CTS they have taken/ intend to take.

 

     • A student who has taken/ is taking 3 CTS  and 9 FCs should take five (5) electives.

     • A student who has taken/ is taking 3 CTS and 8 FCs, or 2 CTS and 9 FCs should take six (6) electives.

     • A student who has taken/ is taking 2 CTS and 8 FCs should take seven (7) electives.

 

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 onwards

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

 

Foundation Courses: one must take seven (7) foundation courses.

 

Critical Thinking Seminars: one must take two (2) CTS.

   

Compulsory courses in Economics: these include nine (9) courses — Introduction to Economic Thinking, 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

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

The following sample curriculum structure is applicable to the cohort of 2016-2019:

 

Semester I

Semester II

Semester III

Semester IV

Semester V

Semester VI

Introduction to Critical Thinking

CTS-1

CTS-2

Foundation Course 6

Foundation Course 8

Foundation Course 9

Foundations of Economic Reasoning

Foundation Course 4

Statistics for Economics

Foundation Course 7

Development Economics

Economics Elective Course 3

Foundation Course 2

Foundation Course 5

Intermediate Microeconomics

Econometrics

Economics Elective Course 1

Economics Elective Course 4

Foundation Course 3

Math for Economics

Intermediate Macroeconomics

Game Theory

Economics Elective Course 2

Economics Elective Course 5

 

The above table is only a sample curriculum structure. It shows how the course structure would look like for a major who is taking 3 CTS and 9 FCs. Individual curriculum structure will vary depending on the number of FCs and CTS one takes.

 

The following sample curriculum structure is applicable to the cohorts of 2017-2020 and onwards:

 

Semester I

Semester II

Semester III

Semester IV

Semester V

Semester VI

Introduction to Critical Thinking

Critical Thinking Seminar

Foundation Course 5

Foundation Course 6

Foundation Course 7

Economics Elective Course 3

Foundation Course 1

Foundation Course 4

Microeconomic Theory I

Microeconomic Theory II

Development Economics

Economics Elective Course 4

Foundation Course 2

Introduction to Economics 

Macroeconomic Theory I

Macroeconomic Theory II

Economics Elective Course 1

Economics Elective Course 5

Foundation Course 3

Math for Economics

Statistics for Economics

Econometrics

Economics Elective Course 2

Economics Elective Course 6

The above table is only a sample curriculum structure. There could be other possibilities, e.g. taking the 7th Foundation Course in 6th semester and taking three Economics electives in the 5th semester.

 

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 16 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

Economics Programme