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MSE offers 3-Year B.A(Honours) Degree Program in Economics from 2022

Economics is much broader in scope than many people realise. It provides tools for understanding important public policy issues such as poverty, inequality, global warming, education, healthcare, unemployment, taxes, and globalisation. For more than a quarter-century, Madras School of Economics has played a pivotal role in economics education, research, and public service in India.

We at MSE are proud to offer one of the most rigorous undergraduate economics programs in the country. No matter what you want to do next, our BA (Honours) program will provide a challenging intellectual environment to help you build essential skills for a wide variety of interesting career choices. To achieve these objectives, we will acquaint ourselves with the set of tools – terminology, methodology, and the way of thinking– of an economist and practice using these.

Our course is unique as it adopts a quantitative, rigorous, data-driven analytic approach to the field. Students who complete this course stand a good chance of success in graduate studies at reputed institutions both in India and abroad.

Structure of B.A. (Honours) Program

Course Type Number of Courses Number of Credits (Theory) Number of Credits (Tutorials/Practical) Total Credits
Core Course (CC) 14 5 1 84
Generic Elective (GE) 4 5 1 24
Discipline Specific Elective, including Discipline Related Elective (DE) 4 5 1 24
Ability Enhancement Courses (AE): (AECC+SEC)$ 4
(AECC-2 & SEC-2)
2* 0 10
Total 26 142

*AE-1(English) course is given 4 credits

$AE-2 is the second language(pass) course, to be completed within first 4 semesters of the program.

Course Structure Across Semesters $

Year Odd Semester Even Semester
1st Year Principles of Microeconomics (CC1)
Mathematical Methods for Economics I (CC2)
Indian Economy (CC3)
English (AE-1)
Principles of Macroeconomics (CC4)
Mathematical Methods for Economics II (CC5)
Money and Banking (CC6)
Environmental Studies/Science (AE-2)
2nd Year Intermediate Microeconomics (CC7)
Statistics for Economics (CC8)
GE1
DE-1
Decision Support System (AE-3)
Intermediate Macroeconomics (CC9)
Introductory Econometrics (CC10)
GE-2
DE-2
Introduction to R/ Matlab/ Python (AE-4)
3rd Year Public Economics (CC11)
Development Economics (CC12)
GE-3
DE-3
International Trade (CC13)
Applied Econometrics (CC14)
GE-4
DE-4/Dissertation

$ The Second Language (Tamil/Hindi/French etc.) is a pass course.

Elective Courses

Elective Type Courses
Generic Elective (GE) 1. History of Western Philosophy
2. Logic and Philosophical Inquiry
3. Real Analysis
4. Abstract Algebra
5. Operations Research
6. Differential Equations
7. Stochastic Calculus
8. Introduction to Business Analytics
9. Introductions to Computer Programming
10. Introduction to Machine Learning
11. Introduction to Data Science
12. Introduction to Behavioural Economics
13. Probability Theory
14. Linear Algebra
Ability Enhancement Compulsory Courses (AECC) 1. English
2. Environmental Studies/Science
Skill Enhancement Courses (SEC) 1. Decision Support System
2. Introduction to R / Matlab / Python
Discipline Specific Electives (DE) 1. Advanced Macroeconomics
2. Introduction to Game Theory
3. Issues in Development Economics
4. Risk Management
5. Energy Economics
6. Financial Economics
7. International Finance
8. Environmental Economics
9. Introduction to Time Series Analysis
10. History of Economics Thought
11. Economics of Climate Change and Development
12. Optimization in Economics Theory
13. Stochastic Process
14. Introduction to Non-Linear Time Series Econometrics
15. Project / Dissertation

Note: Updated as of February 2024