Economics Honors Curriculum Guide

Year 1: The Foundation

The first year of the economics curriculum lays the groundwork for your journey into the world of economics. You will be introduced to the core principles of microeconomics and macroeconomics, and develop the essential mathematical skills required for rigorous economic analysis and understanding the syllabus.

Core Subjects:

Introductory Microeconomics

Studies the behavior of individual economic agents, like households and firms, and how they make decisions in markets for goods and services.

Mathematical Methods for Economics-I

Introduces the fundamental mathematical tools, including calculus and algebra, used to model and understand economic theories.

Introductory Macroeconomics

Focuses on the economy as a whole, covering key topics like GDP, inflation, unemployment, and national economic policies.

Mathematical Methods for Economics-II

Advances your mathematical skills with multi-variable calculus and linear algebra, essential for more complex economic models and analysis.

Year 2: Building the Core

The second year of the economics syllabus deepens your understanding of economic theory with intermediate-level courses. You will explore more complex models and begin applying statistical methods to analyze economic data, setting the stage for empirical research and a career in economics.

Core Subjects:

Intermediate Microeconomics-I

Provides a rigorous analysis of consumer choice and firm behavior, building upon the introductory concepts of microeconomics.

Intermediate Macroeconomics-I

Delves into models of aggregate demand and supply, including the IS-LM framework for analyzing fiscal and monetary policy effects.

Statistical Methods for Economics

Covers the principles of probability, sampling, and hypothesis testing to prepare for empirical analysis in econometrics.

Intermediate Microeconomics-II

Explores general equilibrium, welfare economics, and situations where markets fail, such as with externalities and public goods.

Intermediate Macroeconomics-II

Examines the micro-foundations of macroeconomics, focusing on long-run economic growth, inflation, and business cycles.

Introductory Econometrics

Teaches how to apply statistical methods to real-world economic data to test theories and estimate economic relationships.

Year 3: Advanced Applications

The final year of the economics curriculum focuses on applied economics. You will tackle advanced topics, including the intricacies of the Indian economy and the challenges of economic development, applying the theoretical and empirical tools you've acquired throughout the economics honors syllabus.

Core Subjects:

Indian Economy-I

Analyzes the historical development, structural features, and key sectoral policies of the Indian economy since independence.

Development Economics-I

Introduces theories of economic growth, poverty, and inequality, focusing on the challenges faced by developing nations.

Indian Economy-II

Focuses on contemporary macroeconomic policies, reforms, and performance of the Indian economy in a global context.

Development Economics-II

Explores specific topics in development economics, including the role of land, labor, credit markets, and globalization.