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Comprehensive Course Structure

The Economics program at Rishihood University Sonipat is structured over eight semesters, with a carefully designed curriculum that balances foundational knowledge with advanced specialization. The program includes core courses, departmental electives, science electives, and laboratory components to ensure a well-rounded educational experience.

Advanced Departmental Electives

The department offers a range of advanced departmental electives that allow students to explore specialized areas of economics. These courses are designed to provide in-depth knowledge and practical skills in specific domains, preparing students for advanced research or professional careers.

Behavioral Economics

This course explores the psychological, cognitive, and emotional factors that influence economic decision-making. Students learn about cognitive biases, heuristics, and how these factors affect individual and collective behavior in economic contexts. The course emphasizes empirical methods for studying behavioral phenomena and their implications for policy design.

Environmental Economics

Environmental economics examines the economic aspects of environmental issues, including pollution, resource depletion, and climate change. Students study the economic costs and benefits of environmental policies and learn to develop strategies for sustainable development. The course includes topics such as carbon pricing, environmental valuation, and natural resource management.

Financial Economics

This course focuses on the functioning of financial markets and the role of financial institutions in the economy. Students learn about asset pricing, risk management, and financial regulation. The course covers topics such as portfolio theory, derivatives, and corporate finance, providing students with tools for analyzing financial markets and instruments.

Labour Economics

Labour economics examines the functioning of labor markets and the impact of economic policies on employment and wages. Students study topics such as labor supply and demand, wage determination, and the effects of minimum wage laws and unemployment insurance. The course includes empirical analysis of labor market trends and policy interventions.

Public Economics

This course focuses on the role of government in the economy and the design of public policies. Students learn about public finance, taxation, and the provision of public goods. The course covers topics such as fiscal policy, social welfare programs, and government regulation, providing students with insights into the functioning of public sector economics.

Computational Economics

Computational economics combines economic theory with computational methods and data science. Students learn to use programming languages and simulation techniques to model economic phenomena and analyze data. The course includes topics such as economic data analysis, computational methods, and machine learning for economic applications.

International Trade

This course examines the economic relationships between nations and the impact of globalization on developing economies. Students study trade theories, trade policies, and the role of international institutions in promoting economic growth. The course includes empirical analysis of trade trends and policy frameworks.

Development Economics

Development economics focuses on the economic challenges faced by developing countries and the strategies for promoting sustainable growth. Students examine issues such as poverty, inequality, education, health, and infrastructure in the context of economic development. The course includes empirical analysis of development policies and their impact on economic outcomes.

Advanced Econometrics

This course provides students with advanced tools and techniques for empirical economic analysis. Students learn about time series analysis, panel data models, and advanced regression techniques. The course emphasizes the application of econometric methods to real-world economic problems.

Policy Analysis

Policy analysis focuses on the evaluation of economic policies and their impact on economic outcomes. Students learn to design and implement policy evaluation frameworks, analyze policy effectiveness, and develop recommendations for policy improvement. The course includes case studies of successful and unsuccessful policy interventions.

Project-Based Learning Philosophy

The department's philosophy on project-based learning is rooted in the belief that hands-on experience is essential for developing practical skills and deepening understanding of economic concepts. Students are encouraged to engage in research projects, internships, and capstone experiences that allow them to apply their knowledge to real-world challenges.

The structure of project-based learning begins with the identification of a relevant economic issue or research question. Students are guided through the process of hypothesis formulation, data collection, and analysis, with faculty mentors providing support and feedback throughout. The scope of projects is designed to be challenging yet achievable, allowing students to develop their analytical and problem-solving skills while contributing to the field of economics.

Evaluation criteria for projects include the clarity of the research question, the appropriateness of the methodology, the quality of data analysis, and the relevance of the findings to economic theory and practice. Students are also assessed on their ability to communicate their findings effectively through written reports and oral presentations.

The department offers both mini-projects and final-year thesis/capstone projects. Mini-projects are typically completed during the second and third years, allowing students to gain early exposure to research methods and economic analysis. The final-year thesis or capstone project is a more extensive undertaking that requires students to conduct original research and present their findings in a comprehensive report and presentation.

Students select their projects based on their interests and career goals, with faculty mentors providing guidance on project selection and development. The department facilitates connections between students and potential mentors, ensuring that students receive the support necessary to complete their projects successfully.