Economics ranges from the study of individual behaviour to the broader study of the economics of nations. It can help answer a wide range of economic and social questions. How can we create more incentives for students to complete higher education? Can we change industry behaviour to reduce its impact on the environment? How does globalisation affect economies? Theoretically rigorous, data-intensive, and research based, the Bachelor of Arts (Honours) Major in Economics at Ahmedabad University provides the tools to analyse key economic and policy issues facing our society.

The degree combines a solid basis in economic theory with quantitative methods. Students are trained in statistics and econometrics as well as in research methods and statistical software. The development of strong mathematical skills allows students to grasp modern economic theory and apply economic principles to current day issues.

Students learn from faculty who are avid researchers in their area of specialisation. Many have substantial experience working in non-academic jobs as well. The expertise that they bring to the classroom greatly enriches the academic experience.

The Bachelor of Economics is taught jointly with the Amrut Mody School of Management.

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Programme Outcomes

Students in the Bachelor of Arts in Economics will:

  • Learn how to analyse and think independently about issues using an economics framework and data-based evidence
  • Gain a sound training in modern economic theory, bolstered by strong skills in mathematics
  • Become proficient in statistics, empirical methods and the use of statistical software packages
  • Learn to think creatively about topics of their own interest, both within and outside economics, and conduct systematic scientific research in them

Course Structure

All incoming Undergraduates at Ahmedabad University start with the Foundation programme, an interdisciplinary course that covers fields from Mathematics to Literature through project-based learning.

Core

Core courses required for the Bachelor’s degree in Economics will be:

Introduction to Microeconomics
Introduction to Macroeconomics
History of Economic Thought
Intermediate Microeconomics
Macroeconomics (World Economy)
Indian Economy
Calculus II
Linear Algebra
Statistics I
Statistics II
Econometrics
Research Methods

Some of the core courses require prerequisites in Mathematics, which will be offered at Ahmedabad University.

Discipline Electives

Alongside the core courses, students can choose from a wide range of discipline electives to develop and build on an area of interest. Sample discipline electives include:

Agricultural Economics
Data Science
Development Economics
Environmental Economics
Finance
International Economics
Labor Economics
Political Economy & Game Theory
Urban and Economic Geography
Undergraduate Thesis

As in all Majors at Ahmedabad University, students pursue their own interests in Economics with a thesis which they complete in their final year. The thesis provides an opportunity to think creatively about a topic and conduct systematic research in it, allowing students to deepen their understanding of principles learned during their coursework.

Students are also encouraged and supported to pursue internships during the summer months. This helps them develop an area of specialisation and chart a career path.

Faculty

Faculty Spotlight

Professor Chakravarthi Rangarajan is one of India's leading economists. As the Governor of the Reserve Bank of India between 1992 and 1997, Professor Rangarajan actively directed the wide-ranging reforms that fundamentally altered the Indian economy. Formerly the Governor of Andhra Pradesh and the Chairman of the Economic Advisory Council to the Prime Minister, he joined Ahmedabad University as Distinguished University Professor in 2017. Professor Rangarajan brings deep knowledge of the theory of economic policy and decades of experience in its implementation at the highest level to the Economics programme.

Semester 1 2 3 4 5
I Foundation Programme GER (Calculus I)
II Intro to Microeconomics Intro to Macroeconomics GER (Any Social Science course outside Economics) GER (Calculus II) GER (Writing)
III History of Economic Thought Linear Algebra GER (Statistics I) GER (Hum & Lang) GER (Writing or Programming)
IV Intermediate Microeconomics Macroeconomics
(World Economy)
GER (Statistics II) Indian Economy Free Elective
V Anthropology/Sociology/ Psychology Discipline Elective Econometrics Free Elective GER (Bio & Life Sci)
VI Research Methods Discipline Elective Free Elective Free Elective GER (Performing and Visual Arts)
VII Discipline Elective Discipline Elective Discipline Elective Discipline Elective Free Elective
VIII Discipline Elective Undergraduate Thesis Part I Undergraduate Thesis Part II Discipline Elective Free Elective

Career Pathways

Students will be prepared to pursue doctoral studies in economics or related disciplines such as business, or political science. Or they could pursue advanced professional degrees in business administration, law or public policy. Employment opportunities include working in business, the civil services, the corporate sector, government and non-government organisations, investment banks, journalism, the media, and research institutions.

Eligibility

The Bachelor of Arts in Economics is open to anyone who has completed class 12 or the equivalent.


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