Course Structure Overview
The Economics program at Amity University Patna follows a structured academic framework that balances foundational knowledge with advanced specialization. Over the course of four years, students progress through 8 semesters, each designed to build upon previous learnings and prepare them for professional success or further studies.
| Semester | Course Code | Course Title | Credits (L-T-P-C) | Pre-requisites |
|---|---|---|---|---|
| 1 | ECON101 | Introduction to Microeconomics | 3-1-0-4 | - |
| 1 | ECON102 | Introduction to Macroeconomics | 3-1-0-4 | - |
| 1 | MATH101 | Calculus and Linear Algebra | 4-0-0-4 | - |
| 1 | STAT101 | Basic Statistics for Economics | 3-0-2-4 | MATH101 |
| 1 | ECON103 | Economic Geography | 2-0-0-2 | - |
| 1 | LIT101 | English for Academic Purposes | 2-0-0-2 | - |
| 1 | ECON104 | Quantitative Methods in Economics | 3-0-2-4 | MATH101, STAT101 |
| 2 | ECON201 | Intermediate Microeconomics | 3-1-0-4 | ECON101 |
| 2 | ECON202 | Intermediate Macroeconomics | 3-1-0-4 | ECON102 |
| 2 | MATH201 | Calculus II & Differential Equations | 4-0-0-4 | MATH101 |
| 2 | STAT201 | Probability and Statistics for Economics | 3-0-2-4 | STAT101 |
| 2 | ECON203 | Economic Thought and History | 2-0-0-2 | - |
| 2 | ECON204 | Mathematical Economics | 3-0-2-4 | MATH201 |
| 3 | ECON301 | Econometrics I | 3-1-0-4 | STAT201, ECON201 |
| 3 | ECON302 | Public Finance | 3-1-0-4 | ECON201 |
| 3 | ECON303 | Labor Economics | 3-1-0-4 | ECON201 |
| 3 | ECON304 | Development Economics | 3-1-0-4 | ECON202 |
| 3 | ECON305 | Environmental Economics | 3-1-0-4 | - |
| 3 | DEPT_ELECTIVE_1 | Departmental Elective I | 3-0-2-4 | - |
| 4 | ECON401 | Econometrics II | 3-1-0-4 | ECON301 |
| 4 | ECON402 | Financial Economics | 3-1-0-4 | ECON201 |
| 4 | ECON403 | Urban Economics | 3-1-0-4 | ECON202 |
| 4 | ECON404 | Health Economics | 3-1-0-4 | ECON201 |
| 4 | ECON405 | Behavioral Economics | 3-1-0-4 | ECON201 |
| 4 | DEPT_ELECTIVE_2 | Departmental Elective II | 3-0-2-4 | - |
| 5 | ECON501 | Advanced Econometrics | 3-1-0-4 | ECON401 |
| 5 | ECON502 | International Trade Theory | 3-1-0-4 | ECON201 |
| 5 | ECON503 | Industrial Organization | 3-1-0-4 | ECON201 |
| 5 | ECON504 | Policy Analysis | 3-1-0-4 | ECON202 |
| 5 | ECON505 | Advanced Mathematical Economics | 3-1-0-4 | MATH201 |
| 5 | DEPT_ELECTIVE_3 | Departmental Elective III | 3-0-2-4 | - |
| 6 | ECON601 | Research Methodology in Economics | 3-1-0-4 | ECON501 |
| 6 | ECON602 | Capstone Project I | 3-0-2-4 | ECON501, ECON504 |
| 6 | ECON603 | Fieldwork & Data Collection | 3-0-2-4 | ECON601 |
| 6 | ECON604 | Thesis Preparation | 3-0-2-4 | ECON602 |
| 7 | ECON701 | Capstone Project II | 3-0-2-4 | ECON602 |
| 7 | ECON702 | Thesis Defense & Presentation | 3-0-2-4 | ECON604 |
| 7 | ECON703 | Internship Report | 3-0-2-4 | ECON601 |
| 8 | ECON801 | Final Thesis | 3-0-2-4 | ECON701 |
| 8 | ECON802 | Industry Project | 3-0-2-4 | ECON601 |
| 8 | ECON803 | Capstone Review | 3-0-2-4 | ECON702 |
Advanced Departmental Elective Courses
The department offers several advanced elective courses that allow students to explore specialized areas of interest within economics. These courses are designed to deepen understanding and foster expertise in emerging fields.
Econometrics I
This course introduces students to fundamental concepts in econometric modeling, including regression analysis, hypothesis testing, and model specification. Students learn how to apply these techniques using software tools like Stata and R to analyze real-world datasets.
Econometrics II
Building on the foundational knowledge from Econometrics I, this course covers advanced topics such as time series analysis, panel data models, instrumental variables, and maximum likelihood estimation. Students gain hands-on experience with complex modeling techniques used in professional research environments.
Financial Economics
This course explores financial markets, asset pricing models, risk management strategies, and portfolio theory. It provides a theoretical framework for understanding how financial institutions operate and how economic policies influence market behavior.
Development Economics
Focused on understanding the process of economic development, this course examines theories of growth, poverty reduction strategies, human capital formation, and public policy interventions aimed at improving living standards in developing economies.
Labor Economics
This course analyzes labor markets from both microeconomic and macroeconomic perspectives. Topics include wage determination, employment discrimination, labor mobility, unemployment dynamics, and the impact of government policies on labor outcomes.
Urban Economics
Urban Economics examines the economic forces shaping cities and metropolitan areas. Students study housing markets, transportation systems, urban infrastructure, public finance for cities, and the role of spatial economics in policy design.
Health Economics
This course applies economic principles to health care systems, analyzing topics such as medical cost analysis, insurance markets, public health interventions, pharmaceutical economics, and health outcomes evaluation using economic methods.
Environmental Economics
Students examine the intersection of environmental issues and economic decision-making. This includes pollution control mechanisms, natural resource management, climate change mitigation strategies, carbon pricing, and sustainable development indicators.
Behavioral Economics
Exploring deviations from rational behavior in economic decision-making, this course combines insights from psychology and economics to understand how cognitive biases, social influences, and emotions affect individual and collective choices.
International Trade Theory
This course delves into the theories behind international trade, including comparative advantage, trade policy analysis, globalization effects, and regional integration. Students explore how global markets influence national economies and policy decisions.
Industrial Organization
Focused on market structure and firm behavior, this course examines competition policies, innovation dynamics, antitrust regulations, and industry-specific economic challenges faced by firms in various sectors.
Project-Based Learning Philosophy
The Economics department at Amity University Patna emphasizes project-based learning as a core component of its curriculum. This approach enables students to apply theoretical concepts to real-world scenarios through hands-on research and practical projects.
Students begin working on mini-projects in their third year, focusing on specific economic issues relevant to local or national contexts. These projects are supervised by faculty members with expertise in the chosen area of study. The project selection process involves a proposal submission phase where students present their ideas, receive feedback from advisors, and finalize their research topics.
The final-year thesis or capstone project serves as the culmination of the student's academic journey. It requires original research, data collection, critical analysis, and presentation skills. Students are expected to engage with stakeholders, conduct interviews, gather primary data, and produce a comprehensive report that demonstrates their ability to synthesize complex economic theories into actionable insights.
Throughout the program, students receive structured guidance on research methodology, ethical considerations, and academic writing standards. The department also organizes workshops and seminars led by visiting scholars and industry professionals to expose students to current trends in economic research and practice.