Economics at Krea

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.

 

The Approach

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.

Programme Details

Major:

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):

  1. Eight are Required courses (32 credits)
  2. Five are Elective courses (20 credits)
  3. A Capstone Thesis must be completed (8 credits)

Minor:

To earn a minor in Economics, a student must complete six courses and a total of 24 credits (out of which):

  1. Principles of Economics is a mandatory course (4 credits)
  2. Any two of the other Required courses (8 credits)
  3. Any three of the other Elective courses (12 credits)

Concentration:

To earn a concentration in Economics, a student must complete three courses and earn 12 credits (out of which):

  1. Principles of Economics is a mandatory course (4 credits)
  2. Any two of the other Required or Elective courses (8 credits)

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)

 

Required Courses

Sample Electives

  1. Great Ideas in Economics
  2. Themes in Economic History: Humans as Planetary Pilots
  3. Principles of Economics
  4.  Mathematical Methods for Economics
  5. Indian Economy: Policies, Outcomes, and Development
  6. Statistics for Economics
  7. Macroeconomics
  8. Microeconomics
  1. International Economics
  2.  Environment-Ecology-Economy Interlinkages
  3. Agricultural Economics
  4. Introduction to Econometrics
  5. Applied Econometrics
  6. Economics of Innovation
  7. Financial Economics
  8. Urban Economics
  9. Behavioural Economics
  10. Development Economic
  11. Game Theory
  12. Public Economics
  13. Labour Economics
  14. Monetary Economics
  15. Institutions and Economic Outcomes
  16. Economics and Public Policy

 

Hema Ramakrishnan

Associate Professor of Economics

Hema Ramakrishnan

Associate Professor of Economics

PhD, University of Madras

Rohan Ravindra Gudibande

Assistant Professor of Economics, Humanities & Social Sciences

Rohan Ravindra Gudibande

Assistant Professor of Economics, Humanities & Social Sciences

PhD The Graduate Institute, Geneva

Sarabjeet D. Natesan

Associate Professor of Economics

Sarabjeet D. Natesan

Associate Professor of Economics

PhD, Indian Institute of Technology – Madras

Sunder Ramaswamy, PhD

Sunder Ramaswamy, PhD

Sunder Ramaswamy, PhD

Sunder Ramaswamy, PhD

Gaurav S. Ghosh

Visiting Associate Professor of Economics

Gaurav S. Ghosh

Visiting Associate Professor of Economics

Humanities & Social Sciences, PhD, Pennsylvania State University

Pranab K. Bardhan

Distinguished Visiting Professor

Pranab K. Bardhan

Distinguished Visiting Professor

Economics, Humanities & Social Sciences
PhD, Cambridge University

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.

Job Roles Organizations
  • Business analyst
  • Communications specialist
  • Economic consultant
  • Government policy adviser
  • Management consultant
  • Market research analyst
  • Policy analyst
  • Trade/ Business manager
  • International trade organisation
  • Foreign commission
  • Management Consultancy
  • Market Research agency
  • Insurance company
  • Finance organization
  • Economic Policy Think Tank
  • Media company
  • Corporate for-profit organisation