Economics is the study of how individuals and firms and governments make decisions in the face of constraints. For example, deciding what to buy, when to buy, where to work, how many people to employ, how much to produce, whether to increase the tax rate are all decisions that have important implications for the welfare of households, firms and the economy. And currently for students in high school, an important and immediate decision is what degree to pursue in college. The decision to come to college is based on aspirations and dreams—about working in a stimulating environment and contributing to improving both individual welfare and societal welfare.
The Economics program at SRM AP seeks to draw students who have a desire to learn and train in a department that invests almost exclusively on the ultimate goal- of students entering jobs or careers where they are likely to make long-lasting contributions- in either policy making or research careers. Along with Foundation Courses and optional Minors across other departments, we ensure that the education imparted is justly multidisciplinary.
It will also serve as a launch pad to propel students interested in pursuing a Master’s in Business Administration (MBA) program at elite schools both in India and abroad. One of the most sought after subjects in the Indian Civil Services Exams and other competitive exams such as the Indian Economic Service and the Reserve Bank of India, economics is the cog from which many exciting and fulfilling careers emerge. It should come as no surprise that many of Rhodes scholars - the most prestigious scholarship offered at the end of an undergraduate degree both in India and abroad have chosen Economics as their undergraduate major.
As a discipline, it combines student’s ability in mathematics along with their deep curiosity in understanding how the world functions and behaves. This unfettered thinking has led undergraduate economics majors into a genuine interest in making the world a better place - attributes that define a Rhodes’ scholar.
The curriculum for B. A. in Economics has been designed to build a strong platform for students motivated to make significant contributions in policymaking and research.