Economics Subjects 2025: Year-Syllabus, Electives, Books, Specializations

• This subject deals with the day-to-day real-life analysis of the subject, and I think like an economist, it is more of an introductory chapter.
• Course outline: The subject matter of economics deals with the introduction of economics and answers the questions like what to produce, how to produce, production and supply related topics and economic systems.
• Supply and demand– this subject deals with how markets work and different patterns of it. It is a detailed study of the market. This subject covers points like demand and supply focusing on individuals and markets, the study of various curves, etc., which are covered in this subject. 
• The household-budget constraint, income and price relation, changes in preferences and preference description, focus on the indifference curve analysis, substitution and leisure analysis.
• The firm and the perfect market structure– working of the production units, short-run as well as long-run costs, the behaviour of profit-maximising firms.
• Imperfect market structure– imperfect competition, government policies towards competition and the monopoly and antitrust policy. 
• Input markets labour and land markets– basic concepts like demand for labour, input demand curves, competitive labour markets, shifts in input demand curves, etc.

• This course deals with more of the mathematical side and thus reflects more on it. The course highlights more parts of mathematics and its relation to economics in various aspects. 
• It includes macro and microeconomics concepts and is studied via graphs and other statistical components.

• Course outline: 

      • Preliminaries 
      • Functions of one real variable 
      • Single variable optimization
      • Integration of functions 
      • Difference equations

• This part of economics deals with algebra and other such mathematical components, logic and proof techniques, log, sequence and series and characteristics and properties of the topics and headings.

• This course deals with making the students aware of the economy in aggregate. It deals with the functional economics in running the nation. The course focuses on topics like GDP, money inflation, economy, etc. 
• Introduction to macroeconomics and national income accounting, Money, Inflation, The closed economy in the short run
• This course deals with the quality and theory of money, accounts in the national income, the GDP and other components used while determining the national or state level economics. 

• This is a core-course subject and extends the subject Mathematical Methods in Economics Part I. The course is about the mathematical methods involved in the economic structure and gives us an idea about those parts.
• Differential equations, Linear algebra, Functions of several real variables, Multivariable optimization

• This course is designed to study microeconomics in more detail and analyses the behaviour of individuals in the market or the economy by applying the concept of microeconomics and using sound mathematical tools to have a deeper understanding of the concepts. 
• Consumer theory and Production, cost and perfect competition

• This subject deals with the further aspects of macroeconomics in a closed economy in the short-run and medium-run and the degree of usage of analytical tools. Various theories regarding employment are learned.
• Aggregate demand and aggregate supply curve, Inflation unemployment and expectations, Open economy methods

• They take note of all the statistical methods and imply those on the economic subjects for a better and clearer understanding. These statistical methods are the core of economics and make the analysis simpler.
• Introduction and overview, Elementary probability theory, Random variables and probability distribution, Random sampling and jointly distributed random variables, Sampling, Point and interval estimation

This sequential extension of Intermediate Microeconomics I gives students a more vibrant and broader experience.

• General equilibrium, efficiency and welfare
• Market structure and game theory
• Market failure 

This is the extension of Macroeconomics I. In this subject, the students are introduced to the dynamics of long-run issues and the technical progress; it also aids in understanding a few microeconomics topics.

• Economic growth
• Microeconomics foundation
• Fiscal and monetary policy
• Schools of macroeconomic thought

This course gives an introduction to econometrics and, along with it, aids in the testing of hypotheses and such requirements: Covers statistical concepts and estimation, diagnostic concepts.

• Nature and scope of econometrics
• Statistical concepts
• Simple linear regression model: two-variable case
• Multiple linear regression model

This course deals with post-independence studies and the course of economics after independence. Deals with the policy, indicators and debates that took place after independence.

• Economic development since independence
• Population and human development
• Growth and distribution
• International comparisons

Developmental Economics is the theoretical concept and introduction and thus deals with the developmental strategies and policies adopted by the state.

• Conceptions of development
• Growth models and empirics
• Poverty and inequality: definition, measures and mechanisms
• Political institutions and functioning of the state

This is the extension of Indian Economy I, and thus the policies are further discussed in more detail regarding every field.

• Macroeconomic policies and their impact
• Policies and performance in agriculture
• Policies and performance in the industry
• Trends and performance in service

• Demography and development
• Land labour and credit market
• Individuals, communities and credit markets
• Individuals, communities and collective outcomes
• Environment and sustainable development
• Globalisation

Health and education are the cores of human well-being. Thus, this subject aims to do justice by touching various such mediums and subtitles related to education and health and contributing to overall well-being.

• Role of health and education in human development
• Microeconomic foundations of health and education
• Evaluation of health programs
• The health sector in India and overview
• Education: investment in human capital
• The education sector in India an overview

This subject deals with the foundations of econometrics and its application in real-life situations. Helps in econometric research.

• Stages in empirical econometric research
• Regression diagnostics and specifications
• Advanced topics in regression analysis
• Panel data models
• Introduction to econometric software package

History of Indian economics in post-colonial India.

• Introduction: Colonial India: background and introduction
• Macro trends
• Agriculture
• Railways and industry
• Economy and state in the imperial context

Microeconomics I introduces game theory in detail while this course helps students solve basic game theory problems

• Normal form games
• Extensive form games with perfect information

• 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

• Money
• Financial institutions, markets, instruments and financial innovations
• Interest rates
• Banking system
• Central banking and monetary policy

• Public economic theory
• Indian public finances

• Analysing social change from a historical perspective
• Capitalism as an evolving economic system
• The state in capitalism 

•     Industry
• Agriculture
• Introduction and perspectives on comparative economic development
• An overview of economic development of the countries selected for the case studies
• The role of the state in the industrial and developmental transition
• The factory system and the making of industrial working class 

• Investment theory and portfolio analysis
• Deterministic cash flow streams
• Single period random cash flows
• CAPM
• Options and Derivatives
• Corporate finance 

•  Repeated games
• Simultaneous move games with incomplete information
• Extensive form games with imperfect information
• Information economics

• Introduction
• Theory of externalities
• The design and implementation of environmental policy
• International environmental problems
• Measuring the benefits of environmental improvements
• Sustainable development 

• Introduction
• Theories of international trade
• Trade policy
• International macroeconomic policy

1

• Economics core courses

• Ability enhancement course [AECC]

• Generic elective [GE]

Introductory Microeconomics & Mathematical Methods for Economics [core course]

[AECC] – 1 course

[GE] – 1 course

This subject deals with the day-to-day real-life analysis of the subject and makes students think like an economist, and it is more of an introductory chapter.

2

• Economics core courses

• AECC

• GE

Introductory Macroeconomics & Mathematical Methods for Economics II [core course]

[AECC] – 1 course

[GE] – 1 course

This course deals with making the students aware of the economy in aggregate. It deals with the economics that is functional in running the nation. Along with it, the course focuses on topics like GDP, money inflation, economy, etc.

3

• Economics core course

• Skill enhancement course [SEC]

• GE

Intermediate Microeconomics I,

Intermediate Macroeconomics I, & Statistical Methods for Economics

[SEC] – 1 course

[GE] – 1 course

This chapter deals with the further aspects of macroeconomics in a closed economy in the short-run, medium-run, and the degree of analytical tools usage. Various theories regarding employment are learnt.

4

• Economics core courses

• SEC 1

• GE 1

Intermediate Microeconomics II, Intermediate Macroeconomics II & Introductory Econometrics [core course]

[SEC] – 1 course

[GE] – 1 course

This is the extension of macroeconomics I. In this, the students are introduced to the dynamics of long-run issues and the technical progress; it also aids in understanding a few microeconomics topics.

5

• Economic core course

• DSE course

Indian Economy I &

Development Economics I [core courses]

DSE course

This course deals with post-independence studies and the course of economics after independence. Deals with the policy, indicators and debates that took place after independence.

6

• Economics core course

• DSE course

Indian economy II & Development Economics II [core course]

DSE course

This is the extension of Indian economy I, and thus, the policies are further discussed in more detail regarding every field.

Development economics

• Poverty removal

• Economic growth

• Employment

The study of economics in developing nations, development economics (or the economics of development) uses economic theory to look at promoting economic growth, increasing employment, understanding inequalities and improving wealth distribution.

Labour economics

• Minimum wages

• Supply

• Demand

Understanding both micro and macroeconomics helps in growing from the challenges.

Urban economics

• Crime

• Education

• Segregation

Specialise in urban economics, and you’ll use economic models to study cities and their development.

Introductory microeconomics

Principles of Economics

Karl E. Case and Ray C. Fair

Describes the definitions and courses related to microeconomics in detail.

Introductory macroeconomics

International Economics

Paul R. Krugman, Maurice Obstfeld and Marc Melitz

Describes the definitions and courses related to macroeconomics in detail.

Introductory econometrics

Introduction to Mathematical Statistics and their Applications

Richard J. Larsen and Morris L. Marx

This course provides an introduction about basic econometric concepts as well as its techniques.

Indian Economics

An Uncertain Glory: India and its Contradictions

Jean Dreze and Amartya Sen

This course highlights major trends in Indian economic indicators as well as policy debates after the post-Independence period.

Development economics

Development Economics

Debraj Ray

The course begins with discussing alternative conceptions of development and their justification.