📖 What You’ll Learn

Semester 1 introduces students to the three core pillars of Economics Honours—Microeconomics, Mathematical Methods, and Statistics. Together, these subjects help you understand how economic decisions are made, how mathematical tools are used to analyse economic problems, and how statistical techniques transform raw data into meaningful insights.

By the end of this semester, you will have developed the analytical, logical, and quantitative skills required for advanced economics courses in the upcoming semesters.

📊 Introductory Microeconomics

📖 Overview

Introductory Microeconomics focuses on how individuals, households, firms, and markets make decisions when resources are limited. You will explore the fundamental principles of economics, understand the concept of opportunity cost and trade-offs, and learn how markets determine prices through demand and supply.

The course also explains how government policies such as taxation, regulation, and public goods influence market outcomes. Towards the end of the semester, you are introduced to strategic decision-making, showing how people and businesses consider the actions of others before making economic choices.

🌍 Why It Matters

Microeconomics helps explain many real-life situations, from price changes and consumer choices to business competition and government intervention. These concepts form the foundation for understanding business strategy, finance, public policy, and advanced economic theory.

📐 Introductory Mathematical Methods for Economics

📖 Overview

This course introduces the mathematical techniques that economists use to analyse economic relationships and solve practical problems. Students begin with logical reasoning, sets, functions, and mathematical proofs before progressing to graphs, algebraic functions, exponential and logarithmic relationships, and optimisation techniques.

Rather than studying mathematics for its own sake, you will learn how mathematical models simplify complex economic problems and support logical decision-making.

🌍 Why It Matters

Modern economics relies heavily on mathematics to explain consumer behaviour, production decisions, market equilibrium, and policy analysis. A strong mathematical foundation makes advanced subjects such as Microeconomics, Macroeconomics, Econometrics, and Research Methodology much easier to understand.

📈 Introductory Statistics for Economics

📖 Overview

Statistics introduces students to the science of collecting, organising, analysing, and interpreting data. You will learn how economists summarise information, measure uncertainty using probability, and analyse random events through statistical distributions.

The course develops your ability to interpret numerical information, recognise patterns, and draw meaningful conclusions from economic data. These skills become increasingly important in research, forecasting, and evidence-based decision-making.

🌍 Why It Matters

Data is at the heart of modern economics. Statistical knowledge enables students to understand surveys, economic reports, business data, and research findings. It also provides the foundation for Econometrics, Data Analytics, Financial Analysis, and evidence-based policy evaluation.

💼 Career Relevance

The combination of Microeconomics, Mathematical Methods, and Statistics creates a strong academic foundation for careers in economics, banking, finance, consulting, business analytics, data analysis, public policy, and research. These subjects also play a crucial role in preparing students for postgraduate studies and competitive examinations such as UPSC, RBI Grade B, IES, and CUET PG.

🎯 Skills You’ll Develop

✔ Economic and Logical Thinking

✔ Mathematical Problem Solving

✔ Statistical Data Analysis

✔ Critical and Analytical Reasoning

✔ Graph Interpretation

✔ Quantitative Decision-Making

✔ Evidence-Based Analysis

✔ Strong Foundation for Advanced Economics

📝 Semester Summary

Semester 1 lays the groundwork for the entire BA Economics Honours programme by combining economic theory with mathematical and statistical tools. Students develop the ability to think logically, analyse data, understand market behaviour, and apply quantitative methods to economic problems. This strong foundation prepares them for the more advanced concepts and specialised subjects introduced in later semesters.

📖 What You’ll Learn

Semester 2 builds upon the concepts introduced in the first semester by expanding your understanding of Macroeconomics, Mathematical Methods, and Statistics. You will learn how an entire economy functions by analysing key indicators such as GDP, Inflation, Unemployment, and Money Supply, while also strengthening your quantitative skills through advanced mathematical concepts and statistical inference.

This semester helps students connect economic theory, mathematical modelling, and data analysis, preparing them for the more advanced economics courses in later semesters.

🌍 Introductory Macroeconomics

📖 Overview

Introductory Macroeconomics focuses on the economy as a whole rather than individual consumers or firms. Students learn how economists measure National Income, analyse GDP, understand the causes of Inflation and Unemployment, and examine the role of Money, Savings, and Investment in economic growth.

The course also introduces analytical frameworks such as the IS-LM Model, helping students understand how Fiscal Policy and Monetary Policy influence output, employment, and interest rates. Throughout the course, students are encouraged to relate theoretical concepts to the Indian Economy using real economic data and policy developments.

🌍 Why It Matters

Understanding macroeconomics enables students to interpret economic news, evaluate government policies, and analyse the performance of national and global economies. These concepts are essential for careers in Economics, Finance, Banking, Public Policy, and Government Services.

📐 Intermediate Mathematical Methods for Economics

📖 Overview

This course develops the mathematical techniques required for advanced economic analysis. Students strengthen their understanding of Calculus, Linear Algebra, Functions, Matrices, Vectors, and Optimisation, which are widely used in modern economic models.

Rather than focusing only on mathematical theory, the course emphasises applying these techniques to solve economic problems, analyse relationships between variables, and interpret quantitative economic models.

🌍 Why It Matters

Mathematics is one of the most important tools used by economists. A strong understanding of mathematical methods allows students to confidently study advanced Microeconomics, Macroeconomics, Econometrics, and Research Methodology, while also improving logical reasoning and analytical problem-solving.

📊 Intermediate Statistics for Economics

📖 Overview

Intermediate Statistics for Economics introduces students to the principles of Statistical Inference, enabling them to draw meaningful conclusions about populations using sample data. Students learn how economists use Point Estimation, Confidence Intervals, and Hypothesis Testing to make informed decisions based on data.

The course develops the ability to analyse uncertainty, interpret statistical evidence, and evaluate research findings using scientific methods. These skills are essential for academic research, economic forecasting, and evidence-based policy analysis.

🌍 Why It Matters

Statistics is an essential skill for every economist. The ability to interpret data, test hypotheses, and make evidence-based decisions is highly valuable in Research, Business Analytics, Finance, Data Science, Consulting, and Economic Policy.

💼 Career Relevance

The combination of Macroeconomics, Mathematical Methods, and Statistics equips students with the analytical and quantitative skills required for careers in Economics, Financial Analysis, Banking, Consulting, Business Analytics, Research, Public Policy, and Government Organisations. These subjects also provide a strong foundation for competitive examinations such as UPSC, RBI Grade B, SEBI, NABARD, and postgraduate studies in economics.

🎯 Skills You’ll Develop

✔ Macroeconomic Analysis

✔ Quantitative Problem Solving

✔ Mathematical Modelling

✔ Statistical Inference

✔ Data Interpretation

✔ Policy Evaluation

✔ Critical Thinking

✔ Evidence-Based Decision Making

📝 Semester Summary

Semester 2 strengthens the foundation established in the first semester by integrating Macroeconomic Theory, Mathematical Analysis, and Statistical Inference. By the end of this semester, students are better equipped to analyse economic issues, interpret quantitative data, and apply analytical techniques to real-world problems. These skills form the backbone of advanced economics and are essential for both academic success and professional careers.

📖 What You’ll Learn

Semester 3 introduces students to a more analytical approach to economics by combining Microeconomics, Macroeconomics, and Mathematical Methods. The focus shifts from introductory concepts to understanding how individuals, firms, and the overall economy make decisions under different economic conditions. Students explore the behavioural foundations of Consumers and Producers, examine how Market Demand and Market Supply are formed, and analyse the relationship between Income, Consumption, Investment, and Employment in an economy.

Alongside economic theory, this semester strengthens quantitative abilities through advanced Mathematical Methods used in economic analysis. Students learn to apply mathematical techniques for solving economic problems, interpreting models, and analysing relationships between economic variables. The combination of theoretical understanding and analytical tools helps students develop logical reasoning, structured thinking, and problem-solving skills that form the foundation for advanced economics courses in later semesters.

📈 Intermediate Microeconomics I: Behavioural Foundations of Market Interactions

📖 Overview

Intermediate Microeconomics I develops a deeper understanding of how individual economic agents make decisions and how these decisions shape market outcomes. The course examines the behaviour of Consumers by analysing preferences, choices, and the factors that influence Consumer Demand under different economic situations. Students learn how individuals allocate limited resources while making rational choices and how these decisions can be represented using formal analytical frameworks.

The course also focuses on the behaviour of Producers and explains how firms make production decisions under competitive market conditions. Students study the relationship between Production, Costs, and Profit Maximization, enabling them to understand how businesses determine the quantity of goods and services to produce. By examining the interaction between consumers and producers, the course provides the behavioural foundations of Market Demand and Market Supply.

Mathematical techniques are introduced as analytical tools to explain economic relationships more clearly. Rather than treating mathematics as a separate discipline, the course demonstrates how quantitative methods support economic reasoning and improve the analysis of individual decision-making. Through these concepts, students gain a structured understanding of market interactions and the economic principles that influence the allocation of resources.

🌍 Why It Matters

A strong understanding of Microeconomics helps students analyse how individuals and businesses respond to changing economic conditions. The concepts studied in this course form the basis for advanced economic analysis and are widely applied in Business Strategy, Market Research, Public Policy, Competition Analysis, and Economic Research. The analytical approach developed in this paper also prepares students for higher-level courses in economics and strengthens the decision-making skills required in both academic and professional settings.

📖 What You’ll Learn

Semester 4 takes your understanding of Economics to the next level by exploring how Markets, Government Policies, and Data Analysis work together to solve real-world economic problems. Building upon the concepts learned in earlier semesters, you will study how different Market Structures operate, why Governments intervene in markets, and how Public Policies influence Economic Welfare.

Furthermore, at the macroeconomic level, the focus shifts towards analysing major Policy Issues, including the role of Fiscal Policy, Monetary Policy, and other policy instruments in maintaining Economic Stability and promoting Sustainable Economic Growth.

In addition, this semester introduces Econometrics, which combines Economics, Mathematics, and Statistics to examine economic relationships using real-world data. Moreover, students learn how Empirical Analysis supports Economic Decision-Making and Policy Evaluation through Quantitative Techniques.

As a result, students develop stronger Analytical Thinking, Problem-Solving Abilities, and Research Skills. Overall, Semester 4 bridges economic theory with practical data analysis and prepares students for advanced economics courses as well as a wide range of professional opportunities.

🏛 Intermediate Microeconomics II: Market, Government and Welfare

📖 Overview

Intermediate Microeconomics II expands the study of individual markets by examining how different Market Structures influence the behaviour of Firms and Consumers. Initially, students analyse how businesses make Strategic Decisions under varying competitive environments and understand the economic factors that affect Market Performance.

Furthermore, the course explores situations where markets may fail to allocate resources efficiently. Consequently, students learn why Government Intervention becomes necessary to improve market outcomes and promote Social Welfare.

A significant part of the course focuses on the relationship between Market Efficiency, Economic Welfare, and Public Policy. Moreover, students examine how governments use different Policy Measures to address Market Failures, improve Resource Allocation, and enhance overall economic performance.

In addition, the syllabus introduces the concept of General Equilibrium, providing a broader understanding of how different markets interact within an economy. Similarly, students learn how changes in one market can influence production, consumption, prices, and resource allocation in other markets.

Throughout the course, students develop the ability to evaluate Market Performance, understand the role of Government Policies, and analyse the welfare implications of different economic decisions. Finally, the emphasis remains on applying Economic Reasoning to understand how markets function in practice while recognising the importance of well-designed public policies in achieving Efficient and Equitable Outcomes.

🌍 Why It Matters

Understanding Market Structures, Government Intervention, and Economic Welfare enables students to evaluate real-world market behaviour and Public Policies more effectively. Additionally, these concepts are widely applied in Competition Policy, Regulatory Economics, Public Policy, Business Strategy, Consulting, and Economic Research.

Therefore, students gain the analytical framework required to solve practical economic problems and assess policy decisions. Ultimately, this course also provides an essential foundation for advanced studies in Economics, Policy Analysis, and applied Economic Research.

📖 What You’ll Learn

Semester 5 marks an exciting stage in your BA Economics (Hons.) journey, where you move beyond foundational theories and begin exploring specialised areas of Economics. Throughout this semester, the subjects focus on Strategic Decision-Making, Economic Growth, Development Challenges, and the role of the Government in shaping an economy.

Additionally, you will learn how economists analyse real-world problems, evaluate public policies, understand business strategies, and examine the factors that drive long-term economic progress. As a result, this semester strengthens your analytical abilities, critical thinking, and decision-making skills, while preparing you for careers in Finance, Consulting, Public Policy, Research, and Higher Education.

🎯 Game Theory and Strategic Behaviour

📖 Overview

Game Theory and Strategic Behaviour explores how individuals, firms, and organisations make decisions when their choices are influenced by the actions of others. Instead of analysing decisions in isolation, this subject focuses on situations where every participant must anticipate the behaviour of others before making a choice.

Furthermore, you will learn how businesses compete in markets, how companies develop pricing strategies, how negotiations take place, and how governments make strategic policy decisions. Moreover, the concepts learned in this subject are widely applied in Economics, Business Management, Finance, Marketing, and International Relations.

🌍 Why It Matters

Game Theory helps explain many real-life situations such as price competition, auctions, business negotiations, political strategies, and market competition. Therefore, it develops logical thinking and teaches students how to evaluate multiple possible outcomes before making important decisions.

📈 Economic Growth & Business Cycles

📖 Overview

This subject focuses on understanding how economies grow over time and why they experience periods of expansion and slowdown. Students study the factors that contribute to long-term economic growth, including investment, technology, productivity, and innovation. In addition, the course explores the reasons behind economic recessions, recoveries, and fluctuations in business activity.

Furthermore, students learn how governments and central banks respond to changing economic conditions through Fiscal Policy and Monetary Policy to maintain economic stability and encourage sustainable development.

🌍 Why It Matters

Understanding Economic Growth is essential for analysing national development and improving living standards. Moreover, the knowledge gained in this subject enables students to understand why some countries develop rapidly while others continue to face long-term economic challenges.

🌍 Introductory Development Economics

📖 Overview

Introductory Development Economics examines the economic and social challenges faced by developing countries. It focuses on improving people’s quality of life by studying important issues such as poverty, inequality, education, healthcare, employment, and sustainable development.

Additionally, students learn how economic policies can promote inclusive growth, improve human welfare, and address the developmental challenges faced by different regions of the world. Overall, the subject provides a broader understanding of development beyond income and economic growth alone.

🌍 Why It Matters

This subject provides a deeper understanding of how Economic Development goes beyond increasing national income. As a result, students recognise the importance of education, healthcare, employment opportunities, and equal access to resources in achieving long-term and sustainable development.

🏛️ Public Economics

📖 Overview

Public Economics studies the role of the Government in managing the economy and promoting social welfare. It explains why governments collect taxes, provide public services, regulate markets, and intervene when market failures occur.

Furthermore, students gain an understanding of how governments allocate public resources efficiently and design economic policies that balance economic growth with social equity. Moreover, the subject explores the relationship between taxation, public expenditure, and economic development.

🌍 Why It Matters

Public Economics helps students understand how governments influence everyday life through taxation, public spending, healthcare, education, infrastructure, and welfare programmes. Therefore, it is particularly valuable for anyone interested in Public Policy, Governance, or Economic Planning.

💼 Career Relevance

The specialised knowledge gained in Semester 5 opens opportunities in Economic Consulting, Financial Services, Corporate Strategy, Banking, Public Administration, Policy Research, Development Organisations, and International Institutions. Furthermore, these subjects are highly relevant for students preparing for UPSC, RBI Grade B, SEBI, NABARD, IES, and Postgraduate Studies in Economics.

🎯 Skills You’ll Develop

✔ Strategic Thinking and Decision-Making

✔ Economic Policy Analysis

✔ Business and Market Analysis

✔ Development Assessment

✔ Public Finance Understanding

✔ Critical Thinking

✔ Analytical Problem Solving

✔ Research and Communication Skills

📝 Semester Summary

Semester 5 introduces students to some of the most practical and application-oriented areas of Economics. Throughout the semester, students develop a deeper understanding of Strategic Behaviour, Economic Growth, Development Challenges, and Public Sector Policies. Overall, these subjects strengthen analytical thinking, improve policy evaluation skills, and prepare students for advanced academic studies, competitive examinations, and professional careers where economic analysis plays a central role.

📖 What You’ll Learn

Semester 6 is the final stage of the BA Economics (Hons.) programme, where students integrate the knowledge gained throughout previous semesters and apply it to real-world economic issues. Throughout this semester, you will explore International Trade, Economic Development, India’s Growth Journey, and Research Methodology. Additionally, you will understand how economists evaluate policies, conduct research, and analyse global economic challenges using scientific methods.

Moreover, this semester helps students connect theoretical concepts with practical applications. As a result, you will strengthen your analytical thinking, critical reasoning, and research skills, while preparing for higher education, competitive examinations, research careers, public policy, and professional roles in economics, finance, consulting, and government organisations.

🌍 International Trade

📖 Overview

International Trade explores how countries exchange goods, services, and resources across international borders. Students develop an understanding of why nations specialise in producing certain goods, how international trade improves economic efficiency, and why comparative advantage plays a significant role in global commerce.

Furthermore, the course examines trade theories, trade policies, tariffs, quotas, free trade agreements, and the functioning of the international trading system. Students also learn how international trade influences economic growth, employment, industrial development, and the competitiveness of domestic industries in an increasingly globalised economy.

Finally, by studying International Trade, students gain a broader perspective on how global markets operate and how international economic relations contribute to national development.

🌍 Why It Matters

Understanding International Trade enables students to analyse global markets, trade agreements, export-import policies, and international business strategies. Moreover, these concepts are highly relevant for careers in international business, economic consulting, trade policy, export management, finance, and government services.

📈 Development Theory & Experience

📖 Overview

Development Theory & Experience examines how different countries achieve economic development and improve the quality of life of their citizens. Students study various development theories, compare development experiences across nations, and evaluate the role of institutions, technology, human capital, and public policy in promoting long-term economic growth.

In addition, the course highlights that development is not limited to increasing national income. It also focuses on improvements in education, healthcare, employment, equality, and human well-being. Furthermore, students learn how economists evaluate development outcomes using economic indicators and social indicators while understanding the challenges faced by developing economies.

🌍 Why It Matters

This subject provides a broader understanding of economic development beyond economic growth alone. Therefore, students become capable of evaluating development policies using both theoretical and practical perspectives. Additionally, the knowledge gained is valuable for careers in development economics, public policy, research organisations, NGOs, and international institutions.

🇮🇳 Indian Growth and Development

📖 Overview

Indian Growth and Development provides a comprehensive understanding of India’s economic transformation from Independence to the present day. Students examine the country’s growth experience by analysing the performance of major sectors such as agriculture, industry, and the services sector. Moreover, the course explores important issues related to employment, poverty, inequality, and human development.

Furthermore, students evaluate the impact of major economic reforms, trade policies, and development strategies on India’s economic progress. They also learn how government policies influence economic growth, improve productivity, encourage investment, and support sustainable as well as inclusive development.

🌍 Why It Matters

A strong understanding of the Indian economy enables students to analyse current economic issues, evaluate public policies, and understand India’s position in the global economy. As a result, this knowledge becomes highly valuable for UPSC, RBI Grade B, IES, public policy, and various government and research careers.

📊 Research Methodology for Economics

📖 Overview

Research Methodology for Economics introduces students to the systematic process of conducting economic research. Students learn how to formulate research questions, conduct a literature review, perform data collection, analyse information through data analysis, and present research findings using evidence-based methods.

Additionally, the course develops an understanding of different research methods, sampling methods, research ethics, and the interpretation of economic information. Students also learn how quantitative research and qualitative research are applied to solve economic problems and support policy decisions through reliable evidence.

Overall, these skills prepare students to undertake independent research projects and develop the analytical abilities expected from professional economists.

🌍 Why It Matters

Research skills are essential for careers in economics, business analytics, consulting, finance, public policy, and academic research. Moreover, the ability to collect, analyse, and interpret data enables students to make evidence-based decisions and contribute effectively to research-based organisations.

💼 Career Relevance

The knowledge and skills gained in Semester 6 prepare students for careers in international trade, economic research, policy analysis, financial consulting, government services, development organisations, think tanks, business analytics, international institutions, and higher education. Furthermore, these subjects provide an excellent academic foundation for postgraduate studies and competitive examinations such as UPSC, RBI Grade B, SEBI, NABARD, IES, and CUET PG.

🎯 Skills You’ll Develop

✔ International Trade Analysis

✔ Economic Policy Evaluation

✔ Research Design and Methodology

✔ Data Collection and Interpretation

✔ Critical Thinking

✔ Analytical Problem Solving

✔ Development Policy Analysis

✔ Professional Report Writing

✔ Evidence-Based Decision Making

✔ Global Economic Understanding

📝 Semester Summary

Semester 6 represents the culmination of the BA Economics (Hons.) programme by bringing together advanced concepts in International Trade, Development Economics, Indian Economic Growth, and Research Methodology. Throughout the semester, students learn to evaluate economic policies, analyse development challenges, understand global trade dynamics, and conduct independent economic research using scientific methods. Overall, the programme strengthens analytical, quantitative, and research skills while preparing graduates for higher education, competitive examinations, and professional careers in economics, finance, consulting, public policy, and research institutions.