Mathematical Methods for Economics, apply mathematical methods to investigate economic theories and scrutinize issues in Economics. The course permits formulation and derivation of key relationships in a theory with clarity, generality, rigor, and simplicity. This course covers economic models, linear and nonlinear models, differential calculus, integration, differential equations, matrix algebra, and continuous time models.

This course covers advanced theories in Microeconomics and Macroeconomics. The section of the course on Microeconomics includes topics in demand and supply, theory of consumer behaviour, theory of factor pricing, asymmetric information and general equilibrium analysis. The section on Macroeconomics covers tools for building and solving macroeconomic models, with applications to growth, fiscal policy, inflation and business cycles. By the end of the course students should have enhanced their ability to understand and critically assess contemporary advanced economic theory across a broad spectrum of microeconomic and macroeconomic topics.


This is a course which provides the students with soft skills that need to be acquired by a professional. The main objective of this course is to develop an individual well-equipped with professional skills and positive attitudes. It also aims to develop a balance personality with higher social and career prospects. Methods of instruction are mainly interactive sessions, guest lectures, discussions, lectures and workshops covering areas of personal grooming, etiquette, planning self-presentation at different occasions and effective interpersonal skills. Two day Outward Bound Training Programme is one of the main events organized under this course. This career development training would be offered in two semesters as Part I, BEC 2041: Career Development Training in the year II, semester I and Part II, BEC 2045: Career Development Training in the year II, semester II. Evaluation criteria of these non-credit courses are discussed in a note below*

Evaluation Criteria for the Non - Credit Courses

Students belonging to the batches 2014/15 onwards will be given either a Pass or a Fail for each of the non-credit courses. Since these are soft skills enhancing courses, evaluation and assessments would be done in numerous ways including; role plays, creative work pieces, presentations, workshops, attendance, oral tests, paper based tests etc. Furthermore, results of these non-credit courses will not have any impact on the pass or fail of the semester of the students.