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B-SC in Economics at SRM Institute of Science and Technology
Chengalpattu, Tamil Nadu
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About the Specialization
What is Economics at SRM Institute of Science and Technology Chengalpattu?
This B.Sc. Economics program at SRM Institute of Science and Technology focuses on developing a robust understanding of economic theory, quantitative methods, and their application to real-world problems. It emphasizes analytical and critical thinking, crucial for navigating India''''s dynamic economic landscape. The curriculum is designed to equip students with skills relevant to diverse sectors, fostering a deep insight into economic phenomena.
Who Should Apply?
This program is ideal for high school graduates with a keen interest in understanding market dynamics, government policies, and global economic trends. It attracts students aspiring for careers in finance, data analytics, public policy, or research. Individuals with a strong aptitude for mathematics and logical reasoning will find this program particularly rewarding and challenging.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as economic analysts, data scientists, financial consultants, policy researchers, and positions in banking and government. Entry-level salaries typically range from 3-6 LPA, with experienced professionals earning 8-15+ LPA. The program also provides a strong foundation for pursuing postgraduate studies in economics, management, or public policy.
Student Success Practices
Foundation Stage
Master Economic Fundamentals and Math Skills- (Semester 1-2)
Dedicate time to thoroughly understand core microeconomics, macroeconomics, and mathematical methods. Utilize online platforms like Khan Academy and NPTEL for supplementary learning. Form study groups to discuss complex concepts and solve practice problems collaboratively, strengthening foundational knowledge.
Tools & Resources
Khan Academy, NPTEL, University Library Resources, Study Groups
Career Connection
A strong foundation is critical for advanced courses and for building analytical skills essential for any economic role.
Develop Data Handling and Basic Software Proficiency- (Semester 1-2)
Actively participate in computer application practical sessions. Practice using spreadsheet software (MS Excel) for data entry, manipulation, and basic visualization. Learn the basics of e-commerce platforms and their economic implications to stay updated with digital trends.
Tools & Resources
MS Excel, Google Sheets, Online E-commerce tutorials, Practical Lab Sessions
Career Connection
These skills are fundamental for data analysis roles and understanding digital economy trends, highly valued in today''''s job market.
Engage with Current Economic Affairs- (Semester 1-2)
Regularly read financial newspapers (e.g., The Economic Times, Business Standard) and reputable economic journals. Discuss current economic news and policy debates with peers and faculty. This builds contextual understanding and critical thinking skills early on.
Tools & Resources
The Economic Times, Livemint, RBI Website, Economic Survey of India
Career Connection
Familiarity with current affairs is crucial for interviews and for a deeper appreciation of economic theory in practice.
Intermediate Stage
Apply Statistical and Econometric Software- (Semester 3-5)
Beyond theoretical understanding, focus on practical application of statistical and econometric methods using software like R, Python, EViews, or Stata. Work on real-world datasets, participate in data analysis workshops, and build a portfolio of analytical projects.
Tools & Resources
R/Python (with IDEs like RStudio/Jupyter), EViews/Stata (student versions), Kaggle datasets, University workshops
Career Connection
Proficiency in statistical software is a core requirement for roles in data science, market research, and quantitative analysis.
Pursue Electives Strategically and Build Specialization- (Semester 3-5)
Carefully select Skill and Discipline Specific Electives (e.g., Data Science, Business Analytics, Monetary Economics) that align with your career interests. Deep dive into these subjects, potentially taking online certification courses to supplement classroom learning.
Tools & Resources
Coursera, edX, NPTEL for specialized courses, Departmental elective advisors
Career Connection
Specialized knowledge enhances employability in niche areas like financial economics, data analytics, or environmental policy.
Undertake Mini-Projects and Internships- (Semester 3-5)
Actively seek and complete mini-projects, either independently or as part of coursework, applying economic models and data analysis. Look for short-term internships or virtual internships with startups, NGOs, or research centers to gain practical exposure to the Indian economic landscape.
Tools & Resources
LinkedIn, Internshala, College Career Services, Faculty Mentors
Career Connection
Practical experience and project work differentiate your resume, demonstrating real-world problem-solving abilities to potential employers.
Advanced Stage
Focus on Advanced Research and Dissertation- (Semester 6)
Engage deeply in your final year project or advanced internship. Identify a specific economic problem, formulate robust research questions, collect and analyze data rigorously, and present findings professionally. Aim for a publishable-quality paper or a comprehensive project report.
Tools & Resources
Academic Journals, Research Databases (JSTOR, EBSCO), Statistical Software, Faculty Supervisors
Career Connection
A strong research project is invaluable for demonstrating analytical depth, critical thinking, and for pursuing higher studies or research roles.
Intensive Placement and Higher Education Preparation- (Semester 6)
Participate in mock interviews, aptitude tests, and group discussions organized by the career services cell. Tailor your resume and cover letter for specific roles. For higher education, prepare for entrance exams (e.g., GRE, CAT, GATE Economics) and work on compelling statement of purpose.
Tools & Resources
SRMIST Career Services, Online aptitude test platforms, GRE/CAT preparation materials, Alumni network for guidance
Career Connection
Systematic preparation maximizes chances for successful placements in top Indian companies or admission to prestigious universities.
Network and Build Professional Connections- (Semester 6)
Attend economics seminars, webinars, and conferences. Connect with alumni, faculty, and industry professionals on platforms like LinkedIn. Participate in professional body events to expand your network, gain insights, and explore future career opportunities within the Indian context.
Tools & Resources
LinkedIn, Economic Association Conferences (e.g., Indian Economic Association), Guest Lecture Series, Alumni events
Career Connection
Professional networking opens doors to mentorship, job referrals, and staying informed about industry trends and opportunities.
Program Structure and Curriculum
Eligibility:
- 10+2 with a minimum aggregate of 50% in any stream (Mathematics/Economics/Commerce/Accountancy preferred) from an Indian recognized board.
Duration: 3 years / 6 semesters
Credits: 119 Credits
Assessment: Internal: 50%, External: 50%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21LEH101T | English | Core | 3 | Communication Skills, Grammar and Usage, Reading Comprehension, Writing Skills, Presentation Techniques |
| 21LAD101T | Basic Tamil / Advanced Tamil / Other Languages (Hindi/French/German/Japanese/Sanskrit) | Core | 3 | Language Fundamentals, Grammar Rules, Vocabulary Building, Reading and Writing Practice, Cultural Context |
| 21BEE101T | Microeconomics I | Core | 4 | Demand and Supply Analysis, Consumer Behavior Theories, Production and Costs, Market Structures, Pricing Strategies |
| 21BEE102T | Mathematical Methods for Economics I | Core | 4 | Functions and Graphs, Differential Calculus, Integral Calculus, Matrix Algebra, Introduction to Optimization |
| 21ENV101T | Environmental Sciences | Ability Enhancement | 3 | Ecosystems and Biodiversity, Environmental Pollution, Natural Resources Management, Climate Change, Sustainable Development |
| 21BEE103P | Computer Application for Economics | Practical | 2 | MS Excel for Data Management, Statistical Functions in Spreadsheets, Data Visualization, Basic Programming Concepts, Economic Data Analysis Tools |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21BEE201T | Microeconomics II | Core | 4 | Welfare Economics, General Equilibrium Analysis, Market Failures and Externalities, Game Theory Fundamentals, Economics of Information |
| 21BEE202T | Macroeconomics I | Core | 4 | National Income Accounting, Classical and Keynesian Theories, Consumption and Investment Functions, Money and Banking, Inflation and Unemployment |
| 21BEE203T | Mathematical Methods for Economics II | Core | 4 | Multivariable Calculus, Constrained Optimization, Difference Equations, Linear Programming, Input-Output Model |
| 21BEE204T | Statistical Methods for Economics I | Core | 4 | Data Collection and Organization, Measures of Central Tendency, Measures of Dispersion, Probability Theory, Sampling Methods |
| 21BEE205P | E-Commerce for Economics | Practical | 2 | E-Commerce Business Models, Online Marketplaces, Digital Payments and Security, E-Marketing Strategies, Impact of E-Commerce on Economy |
| 21LIF201T | Life Skills | Skill Enhancement | 2 | Effective Communication, Critical Thinking and Problem Solving, Teamwork and Collaboration, Time Management and Goal Setting, Ethical Decision Making |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21BEE301T | Macroeconomics II | Core | 4 | IS-LM Model, AD-AS Model, Business Cycles, Open Economy Macroeconomics, Fiscal and Monetary Policy |
| 21BEE302T | Indian Economy | Core | 4 | Structure of Indian Economy, Agriculture and Industrial Policy, Service Sector Growth, Foreign Trade and Globalization, Economic Reforms in India |
| 21BEE303T | Statistical Methods for Economics II | Core | 4 | Hypothesis Testing, Correlation and Regression Analysis, Time Series Analysis, Index Numbers, Non-Parametric Tests |
| 21BEE304T | Public Finance | Core | 4 | Role of Government in Economy, Public Expenditure and Taxation, Public Debt Management, Fiscal Policy Objectives, Budgeting and Fiscal Federalism |
| 21BEE3E1T | Introduction to Data Science | Skill Elective I | 3 | Data Science Lifecycle, Data Cleaning and Preprocessing, Exploratory Data Analysis, Machine Learning Basics, Data Visualization Tools |
| 21BEE305P | Statistical Software for Economics | Practical | 2 | Introduction to R/Python for Statistics, Data Import and Manipulation, Descriptive Statistics in Software, Inferential Statistics Application, Generating Statistical Reports |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21BEE401T | Development Economics | Core | 4 | Theories of Economic Development, Poverty and Inequality, Human Capital and Health, Role of Institutions, Globalization and Development |
| 21BEE402T | Econometrics I | Core | 4 | Simple Linear Regression Model, Multiple Regression Analysis, Ordinary Least Squares (OLS) Assumptions, Hypothesis Testing in Regression, Dummy Variables |
| 21BEE403T | International Economics | Core | 4 | Theories of International Trade, Trade Policy Instruments, Balance of Payments, Foreign Exchange Markets, International Economic Institutions |
| 21BEE4E2T | Business Analytics | Skill Elective II | 3 | Foundations of Business Analytics, Data-driven Decision Making, Descriptive Analytics, Predictive Analytics Models, Prescriptive Analytics |
| 21BEE404P | Econometrics Software | Practical | 2 | Introduction to EViews/Stata/Python, Regression Estimation using Software, Performing Diagnostic Tests, Interpretation of Econometric Output, Time Series Analysis with Software |
| 21BEE405P | Project Work / Internship | Project | 2 | Formulating Research Questions, Data Collection and Survey Design, Basic Data Analysis, Report Writing and Documentation, Oral Presentation of Findings |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21BEE501T | Growth and Distribution | Core | 4 | Models of Economic Growth, Income and Wealth Distribution, Poverty and Policies, Human Development Indicators, Welfare Economics and Policies |
| 21BEE502T | Research Methods in Economics | Core | 4 | Research Design and Methodology, Qualitative and Quantitative Data, Sampling Techniques, Questionnaire Design, Academic Writing and Ethics |
| 21BEE503T | Econometrics II | Core | 4 | Time Series Econometrics, Panel Data Models, Simultaneous Equations Models, Limited Dependent Variable Models, Causality and Granger Causality |
| 21BEE5D1T | Monetary Economics | Discipline Specific Elective I | 3 | Theories of Money Demand and Supply, Central Banking and Monetary Policy, Interest Rate Determination, Financial Markets and Institutions, Inflation and Monetary Control |
| 21BEE5D3T | Environmental Economics | Discipline Specific Elective II | 3 | Environmental Externalities, Valuation of Environmental Goods, Pollution Control Policies, Resource Economics, Climate Change Economics |
| 21BEE504P | Data Analysis using R / Python | Practical | 2 | Advanced Data Manipulation with R/Python, Statistical Modeling in R/Python, Visualization with Libraries, Regression Analysis with Software, Reproducible Research Practices |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21BEE601T | Economics of Social Sector and Environment | Core | 4 | Education Economics, Health Economics, Environmental Policy Instruments, Sustainable Development Goals, Social Impact Assessment |
| 21BEE602T | History of Economic Thought | Core | 4 | Classical School of Thought, Marxian Economics, Neoclassical Economics, Keynesian Revolution, Modern Economic Theories |
| 21BEE6D3T | Financial Economics | Discipline Specific Elective III | 3 | Financial Markets and Instruments, Asset Pricing Models, Risk and Return, Corporate Finance Decisions, Behavioral Finance |
| 21BEE6D2T | Industrial Economics | Discipline Specific Elective IV | 3 | Market Structure and Competition, Firm Behavior and Performance, Industrial Organization Theories, Regulation and Antitrust Policy, Innovation and Technological Change |
| 21BEE603P | Project Work / Internship (Advanced) | Project | 6 | Advanced Research Methodology, Econometric Modeling and Forecasting, Policy Analysis and Evaluation, Dissertation Writing and Presentation, Independent Research Project |
