Applied Economics

‘We are All Economists engaged in different Domains’, defines the importance of the study of Economics as a Discipline of Decision Making and Resource Optimization. Globalization as a force has manifested in the overwhelming culture of Commercialization and Monetization. As Competition stresses the utilization of resources, strategies for Sustainability attains new importance and dimensions. Thus, as Individual, Corporate and National aspirations create dissonance in the Global Development for inclusion and equity, the Study of Economics gains new challenges and realms of relevance. 

The Economics program offers a wide range of developmental and decision challenges from the Micro to the Macro level for the students for a professional career as a Researcher, Practitioner, Academic and Analyst.

The Science and Art of Economics offers renewed opportunities across economic sectors for an impactful career in influencing and transforming lives and society.

Programme Highlights

The PG in applied economics guides the students towards the profession of teaching, research, and practices in the domain of economics. Contemporary and emerging domains in economics or analyzed from a global perspective enriched with data and technology tools for analysis. The student shall gain knowledge from experiential learning with extensive exposure for research, field study, professional interaction and self-learning mechanism guided by experts drawn from the academia and the industry.    

Important components of Course 

  • Contemporary content with context.
  • Data driven and technology assisted methods. 
  • Faculty resources, guides, and mentors.
  • Outcome based instruction assessment and counselling.
  • Focus on research practical and self-learning.
  • Special emphasis on Indian heritage of knowledge and practices.  

Semester 1   

S.NoTitle of the paperCredits 
1Introduction to economics (The art science and profession) 2
3Mathematical methods for Economic analysis3
4Introduction to Artha sastra2
5Digital Economy3
6Introduction to Macro Economic and public policy3


Semester 2   

S.NoTitle of the paperCredits 
1Statistical Analysis for Economic decisions 3
2Introduction to Econometrics 3
3Economics of Globalization                                                                         3
4India’s Economic development (Pre British, British, Post independent and contemporary phases) 3
5Monetary economics3
6Fiscal policy and Economy 3


Semester 3

4 Credits each 

Demographic studies  Rural economyProject


Electives 2 out of 4

2 credits each 

Economics of developmentBusiness economics
Environmental economicsInternational economics


Semester 4 

Economics of development

Welfare economics. 2 Cr

Data management of economic analysis. 2Cr

Urban economics. 2 Cr

Health economics. 2 Cr

Industrial economics. 2Cr

Business Economics

Behavioral economics. 2Cr

GAME theory 2Cr

Financial economics 2Cr

Markets, competition, and globalization 2Cr

Entrepreneurship 2Cr

Environmental economics 

Earth economics 2 Cr

Energy economics 2 Cr

The circular economy 2 Cr

Agricultural economics 2 Cr

Social entrepreneurship 2 Cr

 International economics 

International trade and business 2 Cr

Foreign investment 2 Cr

International labor and migration 2 Cr

Emerging markets and competition 2 Cr

The Startup economy 2 Cr