Comprehensive Course Structure Across 8 Semesters
The Economics program at Mahatma Jyoti Rao Phoole University Jaipur is meticulously structured to provide a progressive learning experience that builds upon foundational knowledge and culminates in advanced research capabilities.
| Semester | Course Code | Course Title | Credits (L-T-P-C) | Prerequisites |
|---|---|---|---|---|
| 1 | ECON101 | Principles of Microeconomics | 3-0-0-3 | - |
| 1 | ECON102 | Principles of Macroeconomics | 3-0-0-3 | - |
| 1 | MATH101 | Calculus I | 4-0-0-4 | - |
| 1 | MATH102 | Linear Algebra | 3-0-0-3 | - |
| 1 | STAT101 | Introduction to Statistics | 3-0-0-3 | - |
| 1 | ECON103 | Introduction to Economic Analysis | 3-0-0-3 | - |
| 2 | ECON201 | Intermediate Microeconomics | 3-0-0-3 | ECON101 |
| 2 | ECON202 | Intermediate Macroeconomics | 3-0-0-3 | ECON102 |
| 2 | MATH201 | Calculus II | 4-0-0-4 | MATH101 |
| 2 | MATH202 | Differential Equations | 3-0-0-3 | MATH101 |
| 2 | STAT201 | Probability and Statistics | 4-0-0-4 | STAT101 |
| 2 | ECON203 | Economic History of India | 3-0-0-3 | - |
| 3 | ECON301 | Econometrics I | 3-0-0-3 | STAT201 |
| 3 | ECON302 | Development Economics | 3-0-0-3 | ECON201 |
| 3 | ECON303 | Public Finance | 3-0-0-3 | ECON202 |
| 3 | MATH301 | Numerical Methods | 3-0-0-3 | MATH201 |
| 3 | ECON304 | International Trade Theory | 3-0-0-3 | ECON201 |
| 3 | ECON305 | Behavioral Economics | 3-0-0-3 | ECON201 |
| 4 | ECON401 | Econometrics II | 3-0-0-3 | ECON301 |
| 4 | ECON402 | Environmental Economics | 3-0-0-3 | ECON302 |
| 4 | ECON403 | Labor Economics | 3-0-0-3 | ECON201 |
| 4 | ECON404 | Financial Economics | 3-0-0-3 | ECON202 |
| 4 | ECON405 | Quantitative Methods in Economics | 3-0-0-3 | MATH301 |
| 4 | ECON406 | Policy Evaluation and Design | 3-0-0-3 | ECON301 |
| 5 | ECON501 | Advanced Econometrics | 3-0-0-3 | ECON401 |
| 5 | ECON502 | Health Economics | 3-0-0-3 | ECON302 |
| 5 | ECON503 | Monetary Economics | 3-0-0-3 | ECON202 |
| 5 | ECON504 | Urban and Regional Economics | 3-0-0-3 | ECON201 |
| 5 | ECON505 | Research Methods in Economics | 3-0-0-3 | ECON401 |
| 6 | ECON601 | Capstone Project I | 2-0-0-2 | ECON501 |
| 6 | ECON602 | Internship in Economics | 2-0-0-2 | ECON501 |
| 7 | ECON701 | Capstone Project II | 3-0-0-3 | ECON601 |
| 7 | ECON702 | Research Thesis in Economics | 4-0-0-4 | ECON505 |
| 8 | ECON801 | Final Research Paper | 3-0-0-3 | ECON702 |
Advanced Departmental Elective Courses
These advanced courses are designed to offer specialized knowledge in niche areas of economics that align with current trends and industry demands.
- Behavioral Economics: Explores how psychological insights influence economic decision-making processes, focusing on cognitive biases, heuristics, and experimental methods.
- Financial Economics: Covers asset pricing models, portfolio theory, risk management, derivatives markets, and corporate finance principles.
- Development Economics: Analyzes poverty reduction strategies, social welfare programs, economic growth theories, and institutional frameworks in developing economies.
- Environmental Economics: Examines pollution control mechanisms, natural resource management, climate change economics, and sustainable development policies.
- International Trade and Finance: Studies trade theories, exchange rate dynamics, international financial markets, balance of payments, and globalization impacts.
- Labor Economics: Investigates labor market behavior, wage determination, employment policies, unemployment analysis, and human capital theory.
- Economic Policy Analysis: Focuses on policy design, evaluation methodologies, regulatory frameworks, and impact assessment techniques for economic interventions.
- Quantitative Economics: Emphasizes advanced statistical modeling, data mining, machine learning applications, and computational economics tools.
Project-Based Learning Philosophy
Our department adheres to a project-based learning model that emphasizes experiential education and practical application of theoretical concepts. Students engage in both mini-projects during their second year and a capstone thesis or final-year project in their fourth year.
The structure of these projects includes:
- Initial problem identification
- Literature review and hypothesis formation
- Data collection using primary and secondary sources
- Statistical analysis and modeling
- Interpretation of results
- Presentation of findings to faculty and peers
Evaluation criteria include:
- Research methodology
- Data quality and relevance
- Critical thinking and analytical skills
- Communication effectiveness
- Contribution to existing literature
Students select their projects based on personal interest and faculty expertise, ensuring alignment between academic goals and research aspirations. Faculty mentors guide students throughout the process, offering technical support and feedback.