The field of economics has become indispensable part of any decision-making process. In the face of scarcity, the effective use of resources becomes a problem of prime importance. Within economics, issues like consumption, production, employment, savings and investment, money, banking system, development policies, taxation, international trade, environment and others that form the core of this subject. To tackle these issues, a strong analytical foundation comprising mathematics, statistics, and econometrics is necessary. The FYIPP is aimed at ensuring that students learn the required tools, analyse economic issues and apply them to real world economic issues and contribute to policy discussions.

The programme builds right from the fundamentals of economics. The students will be initially introduced to some basic courses on Microeconomics and Macroeconomics relating them to practical economic issues. For the initial years the focus is on training students in the tools required to study economics such as Mathematics and Statistics along with intuitive and application-based understanding of ideas in microeconomics and macroeconomics. In the later years, the programme gradually progresses towards more advanced economic analysis along with the tools required to understand those. The programme spans a wide range of applied papers in the advanced stages of the programme to bring our students in line with the contemporary discussions in economics and align them with the frontier of the knowledge in the field.

The programme has been structured in order to provide in-depth study of Economics as a major discipline with an option to choose from interdisciplinary minors and skill-based courses relating to a chosen thematic area – data science, environmental studies, climate science, geoinformatics and management studies.

Eligibility

Eligibility Senior Secondary School Leaving Certificate or Higher Secondary (12th Grade) Certificate obtained after successful completion of Grade 12 or equivalent from any discipline with Mathematics or Applied Mathematics in Grade 12 can apply. There is no upper age bar.

For students taking Economics as minor, 1st Semester math course ‘Introductory Mathematical Methods for Economics’ may be made mandatory/ a pre-requisite or equivalent courses in ‘National Institute of Open Schooling (NIOS)’ may be considered as mandatory.

Admission Criteria

Admission to FYIPP in Economics shall be on the basis of merit of marks secured in 10+2 or equivalent examination in aggregate of best of three subjects and one language.