Syllabus and Subjects for Bachelor of Arts [BA] (Economics):

BA Economics Syllabus & Subjects

Name of the Course

Topics Covered

Introductory Economics

Exploring the subject matter of Economics; Supply and Demand; Households; Firms and Perfect Market Structure; Imperfect Market Structure; Input Markets.

Statistical Methods in Economy

Introduction and Overview; Elementary Probability Theory; Random Variables and Probability Distributions; Random Sampling and Jointly Distributed Random Variables.

Mathematical Methods in Economics

Preliminaries; Single-variable optimization; Functions of one real variable; Integration of functions; Difference Equations.

Introductory Macroeconomics

Introduction to Macroeconomics and National Income Accounting; Money; Inflation; The closed economy in the Short Run.

Statistical Methods in Economics-II

Sampling; Point and Interval Estimation; Hypothesis testing; Simple Linear Regression.

Mathematical Methods in Economics-II

Differential Equations; Linear Algebra; Functions of Several Real Variables; Multi-variable Optimisation.

Intermediate Economics

Consumer Theory; Production, Cost and Perfect Competition.

Intermediate Macroeconomics

Aggregate Demand and Aggregate Supply Curves; Inflation, Unemployment, and Expectations; Open Economy Models.

Economic History of India: 1857-1947

Introduction: Colonial India: Background and Introduction; Macro Trends; Agriculture; Railways and Industry; Economy and State in the Imperial Context.

Introductory Econometrics

Nature and Scope of Econometrics; Statistical Concepts; Simple Linear Regression Model: Two-Variable Case; Multiple Linear Regression Model; Violations of Classical Assumptions: Consequences, Detection, and Remedies; Specification Analysis.

Intermediate Microeconomics-II

General Equilibrium, Efficiency, and Welfare; Market Structure and Game Theory; Market Failure.

Intermediate Macroeconomics-II

Economic Growth; Microeconomic Foundations; Fiscal and Monetary Policy; Schools of Macroeconomic Thoughts

Economy, State and Society

Analysing Social Change in Historical Perspective; Capitalism as an Evolving Economic System; The State of Capitalism.

Indian Economic Development Since 1947-I

Economic development since Independence; Population and Human Development; Growth and Distribution; International Comparisons.

Indian Economic Development Since 1947-II

Macroeconomic Policies and Their Impact; Policies and Performance in Agriculture; Policies and Performance in Industry; Trends and Performance in Services.

Development Theory and Experience-I

Conceptions of Development; Growth Models and Empirics; Poverty and Inequality: Definitions, Measures, and Mechanisms; Political Institutions and the Functioning of the State.

Public Economics

Public Economic Theory; Indian Public Finances.

Optional Papers: 

Economics of Health and Education

Role of Health and Education in Human Development; Microeconomic Foundations of Health Economics; Evaluation of Health Programs; Health Sector in India: An Overview; Education: Investment in Human Capital; Education Sector in India: An Overview

Political Economy

Introduction and Historical Overview; Changing Dynamics of Capitalist Production, Organisational Form, and Labour Process; The State in the Era of Globalisation: Welfare, Development, and Autonomy; The Changing Role of Finance; The Social Dimension; New Perspectives.

Topics in Macroeconomics-I

Normal Form games; Extensive Form Games with perfect information.

Advanced Macroeconomics

Review of Aggregate Supply-Aggregate Demand Model; Rational Expectations and Implications for Economic Policy; Introduction to Dynamic Models; Economic Growth; Overlapping Generations Model.

Money and Financial Markets

Money; Financial Institutions, Markets, Instruments and Financial Innovations; Interest Rates; Banking System; Central Banking and Monetary Policy.

International Economics

Introduction; Theories of International Trade; Trade Policy; International Macroeconomic Policy.

Development Theory and Experience

Demography and Development; Land, Labor and Credit Markets; Land, Labor and Credit Markets; Environment and Sustainable Development; Globalisation.

Optional Paper:

Comparative Economic Development: 1850-1950

Introduction and Perspectives on Comparative Economic Development; An Overview of Economic Development of the countries selected for case studies; Agriculture; Industry; The Factory System and Making of the Industrial Working Class; The Role of the State in Industrial and Developmental Transition.

Applied Econometrics

Stages in Empirical Econometric Research; Regression Diagnostics and Specification; Advanced Topics in Regression Analysis; Panel Data Models; Introduction to Econometric Software Package.

Topics in Microeconomics-II

Repeated Games; Simultaneous move games with incomplete information (Bayesian games); Extensive form games with imperfect information; Information economics.

Financial Economics

Investment Theory and Portfolio Analysis: a. Deterministic cash-flow streams, b. Single-period random cash flows, c. CAPM; Options and Derivatives; Corporate Finance.

Environmental Economics

Introduction; The Theory of Externalities; The Design and Implementation of Environmental Policy; International Environmental Problems; Measuring the Benefits of Environmental Improvements; Sustainable Development.


Bachelor of Arts in Economics Major Concentrations:

There are two concentrations of B.A. economics. They are:

  • Applied Economics: Enables students to apply economics and econometrics to the analysis of topical issues and policy options.

  • Economic Theory and Econometrics: provides a foundation of advanced economic theory and strong preparation for graduate studies in economics.


Different fields in Economics:

  • Agricultural Economics

  • Financial Economics

  • Labour Economics

  • Industrial Economics

  • International Economics

  • Business Economics

  • Banking Economics

  • Environmental Economics

  • Developmental Economics

  • Rural Economics and Rural Development

  • Econometrics

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