The Economics major at Krea will equip students to understand how economic activities and outcomes in a society are influenced by, and, in turn, influence its historical evolution and social and cultural norms; scientific and technological capabilities; and political, legal, and economic institutions.
Rooting economics education in its immediate context, the Economics major at Krea will focus on exploring economic theory and models through the lens of India. This approach will serve not only to make the study of economics more relevant and real to students’ experienced social reality, but also train them to analyze and understand the emergence of familiar economic outcomes. Even as students develop their ability to think critically and analytically about economic issues, they will also be trained to carefully scrutinize the ethical implications of economic policies and strategies. Such classroom learnings will be augmented by immersive experiences, internships, and research projects.
Our curriculum design interweaves economic learning with learning in other social sciences, natural sciences, data analytics, and mathematics to provide a broad-based and rigorous understanding of underlying economic concepts and methods. This understanding will be achieved by integrating empirical knowledge of economic phenomena with abstract conceptualization through mathematical and computational models and intuitive understanding of economic theory.
The study of economics will involve the perspective of an individual as well as groups of individuals – markets, communities, societies, generations. It can take a static approach, where analysis focuses on a fixed point of time, a dynamic approach which studies how things change over time, or even an evolutionary approach which explores how the past continuously and cumulatively impacts the present and the future. The deep relevance of historicity to the study of economics has informed the design of this curriculum.
The pedagogical approach combines class lectures and discussions, problem-solving exercises, experimental methods, field visits, as also an exposure to the discipline through the lenses of interrelated disciplines such as history, politics, sociology, technology, psychology, ecology, and mathematics. Internship programs and the capstone thesis will invite rigorous explorations of theoretical frameworks and challenges on the ground. Academic mentors will guide students to understand and navigate these challenges.
To earn an honours degree in Economics, a student must complete thirteen courses and a capstone thesis and earn a total of 60 credits (out of which):
To earn a minor in Economics, a student must complete six courses and a total of 24 credits (out of which):
To earn a concentration in Economics, a student must complete three courses and earn 12 credits (out of which):
Note: Economics is a hierarchical discipline. For most courses beyond the introductory sequences, prerequisites are listed and it would be important to take the prerequisite before enrolling for the next course; however, it may be possible in some cases (with permission from the instructor and the Division Chair) to take a course at the same time (as a co-requisite)
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The Krea economics graduate will effectively contribute through professional roles in the corporate sector or start-ups, in academia, public policy or think tanks, in government, and in the non- government and non- profit sectors.