Syllabus for
Bachelor of Science (Economics, Mathematics)
Academic Year  (2023)

Course Description

This course is designed to give a systematic introduction to mainstream approaches to the study of microeconomics. The course begins by introducing students to the theories and derivation of demand and supply. Then the course proceeds with a systematic introduction to the theories of production. With the understanding of laws of production, cost, revenue, and functioning of various markets are introduced. The course has been designed in such a way that it stimulates awareness on essential variables for the understanding of how consumers and firms derive various decisions.

Course Objectives

The course has been conceptualised in order to help students:

• Develop an understanding of the conceptual foundations and analytical methods used in Microeconomics.
• Familiarise with the basics of consumer behaviour and decision-making criteria.
• Analyse and understand relationships and interactions in various forms of markets.

This course provides the basics of international trade theory stems from classical to new trade theories, and international economic policies on domestic and world welfare. This course begins with an introduction to international trade. Then the neo classical trade theories and new trade theories are discussed. The course concludes with a discussion on trade policies and its controversies. The course uses the empirical evidences to explain the theories and models in international trade.

Course description : This course enables the students to understand the basic techniques and theories of real Analysis.

Course objectives : This course will help the learner to

COBJ1. examine the convergence or divergence of sequences and series.

COBJ2. understand the different types of convergence and their properties.

CO1. Quote and understand the definition of a limit of a sequence or a function in its various forms.

CO2. Demonstrate the convergence or divergence of the geometric and harmonic series and other standard series.

CO3. Apply the basic tests for convergence of infinite series.

CO4. Prove the tests for convergence: Comparison Test, Ratio Test, Cauchy’s Root test, Raabe’s Test, alternating series test etc.

CO5. Understand the differences between convergence and absolute convergence

CO6. Understand and solve binomial , logarithmic and exponential series

Course Description: This course enables the students to understand the basic theory and principles of complex analysis.

Course Objectives​: This course will help the learner to

COBJ1. Understand the theory and geometry of complex numbers.

COBJ2. Evaluate derivatives and integrals of functions of complex variables.

COBJ3. Examine the transformation of functions of complex variables. 

Course Description:

This course provides an introduction to R, statistical language, and an environment that provides more flexible graph capabilities than other popular statistical packages. The course also covers the basics of R for statistical computation and exploratory analysis.

Course Objectives:

This course is to equip the students to visualize and analyse the data using R and to communicate statistical results in correct manner. 

Course Description:

This course is designed to teach the basic concepts of random variables, generation functions, and an introduction to inferential statistics. It also gives a brief idea about standard probability distributions, sampling, and how they are applied in real time situations.

Course Objective:

Develop an understanding of random variables, probability distributions, and two-dimensional random variables, as well as sampling distributions, and inferential statistics.

Course Description

This course is in continuation to the Introductory Macroeconomics course offered in the second semester. The course first introduces students to the mathematical framework for Keynesian economics – ISLM. Then the links between output, inflation, and unemployment and the effectiveness of policies are discussed from the Keynesian and the Monetarist perspectives. The third unit then introduces students to the open economy framework, and the course concludes with a discussion on the contemporary debates in the field of macroeconomic theory and policies.

Course Objectives

The course aims to:

• enhance the understanding of the learners regarding the macroeconomic dynamics in the short-run closed as well as open economy.
• understand and analyse the nexus between output, inflation and unemployment in both the short-run and in the long-run.
• understand and critically evaluate contemporary macroeconomic policies, create reports and deliver presentations

Public Economics is the study of government policy from the point of view of economic efficiency and equity. This course introduces students to allocation,distribution, stabilisation and regulatory functions of government. The course discusses about concept of public goods, club goods, and merit goods, andanalyses causes of externalities and market failures. It then does a systematic analysis of sources of government revenue, expenditure, public debt which is inclusive of theories on taxation, public expenditure and Economist views on public debts to provide students a broader perspective to analyse such issues. Last unit, provides a thorough understanding on fiscal institutions with a careful analysis of the issues pertaining to budgetary policies in general and Indian experience in particular.

Course description : This course aims at developing the ability to write the mathematical proofs.  It helps the students to understand and appreciate the beauty of the abstract nature of mathematics and also to develop a solid foundation of theoretical mathematics.

Course objectives : This course will help the learner to

COBJ1. Understand the fundamentals of groups and its theories.

COBJ2. Relate abstract algebraic constructs to more familiar sets and operators

COBJ3. Know about the subgroups and group homomorphisms

COBJ4. Get familiar with the theories on rings, integral domains and fields.

Course Description:

This course is aimed at enabling the students to appreciate and understand the concepts of mathematics and statistics with the help of Python programming language. Students will learn to use the tools, libraries and packages useful for data analysis.

Course Objectives:

This course will help the learner to:

• gain proficiency in using Python for programming. 
• acquire skills in usage of suitable functions/packages of Python for data analysis.
• acquaint with Numpy and Pandas packages for data manipulating and visualization.
• illustrates use statistics methods to handle data effectively.

This course is designed to prepare students to pursue careers in Actuarial Science. The aim of this course is to provide grounding in Actuarial Mathematics and their applications. Topics covered include the economics of insurance, survival distributions, life tables, and different types of life insurance.

Course Objectives​:

This course will help the learner to acquire fundamental knowledge of  Economics of insurance, Life Tables,Survival Distributions and Life Insurance.

This course is designed to help students to apply Calculus in solving Problems in Economics with the aid of FOSS tools.

Course Objective :

         COBJ 1:  Apply optimization techniques of calculus in Economics.

         COBJ 2:  Be familiar with the theory of integral calculus to understand concepts such as  Consumer/ Producer surplus,  Ramsey pricing, etc.

         COBJ 3:Use differential equations in conceptualising simple mathematical models in Economics.