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Department of Economics & Finance

Economics & Finance

 

Program Objective

Minor programs are being offered in certain areas as options for integrated first-degree students with the intent of encouraging them to add focus to their supplemental learning as well as recognising and certifying the knowledge obtained in an area that is outside of their major area. A minor would allow a Department (or multiple Departments) to offer a package of courses in an area/sub-area to students for whom this area/sub-area would not be part of their (major) program (e.g. a minor in Finance for students who are pursuing a B.Tech./B.Pharma etc.).

We offer minor in three disciplines.

  1. Minor in Finance
  2. Minor in Management
  3. Minor in Computational Economics

 

Minor in Finance

The minor in Finance aims at providing the student with a grounding in the basic concepts of accounting and finance so as to complement their existing disciplinary knowledge, enrich their educational experience, enable them to make better financial decisions, and expand their career opportunities. It will also give students an opportunity to learn more about investments and quantitative applications in finance. In a unique initiative, the department has academic collaboration with various corporate organisation who train the student by floating in-campus course (recently, the department, in collaboration with Credit Suisse, have offered a course entitled “Financial Risk Analytics and Management”).  

Program Structure

The students have to apply for Minor in Finance at the end of second year. The students have to complete total of 5 courses get a certificate in Minor in Finance.

List of compulsory courses:
 

1

ECON F212: Fundamentals of Finance & Accounting

2

FIN F315: Financial Management

 
List of Electives :
 

1

ECON F422: Functions and Working Of Stock Exchanges

2

ECON F355: Business Analysis and Valuation

3

ECON F412: Security Analysis and Portfolio Management

4

ECON F411: Project Appraisal

5

ECON F354: Derivatives and Risk Management

6

ECON F312: Money, Banking and Financial Markets

7

FIN F242: Introduction to Financial Mathematics

8

FIN F314: Investment Banking and Financial Services

9

ECON F241: Econometric Methods

10

FIN F312: Fundamentals of Taxation and Audit

11

ECON F356: Strategic Financial Management

12

ECON F413: Financial Engineering

13

FIN F414: Financial Risk Analytics and Management

 

Minor in Management

Course Description

Minor in Management” is designed for the student who wants a general introduction to the functioning of a business and develops a business acumen. By gaining an understanding of the areas of management, the student will have a competitive advantage in the marketplace and throughout their career. The student shall be better equipped to handle their projects in practice school by understanding organizational and managerial issues. It would also enable him/her to combine their technical and managerial skills and explore the field of business consulting, role of management trainees, etc. Those interested in pursuing an MBA would get an opportunity to explore the management field and assess its fit with their career interest.

Program Structure

The students have to apply for Minor in Finance at the end of second year. The students have to complete total of 5 courses get a certificate in Minor in Finance.

List of compulsory courses:

 

1

BITS F428: Essentials of Strategic Management

2

MGTS F211: Principles of Management

3

MGTS F314: Essentials of Financial Management

 

List of Electives:

1

BITS F326: Design Thinking for Innovation and Entrepreneurship

2

ECON F415: New Venture Creation

3

ECON F434: International Business

4

ECON F435: Marketing Research

5

HSS F328: Human Resources Development

6

MF F219: Operations Management

7

MF F421: Supply Chain Management

8

ME F443: Quality Control, Assurance and Reliability

9

MGTS F311: Marketing

10

MGTS F313: Product and Brand Management

11

MGTS F315: Foundations of Business Analytics

 

Minor in Computational Economics

Course Description

The joint field of economics, mathematics, and computer science have emerged from converging intellectual needs for interdisciplinary teaching and research. The contemporary tools and techniques used by computer scientists have become increasingly important for economists working with data to address complex business problems. Students interested in learning about computational mechanism design with applications to economics and especially those whose interest is more generally focused on data analytics will be highly benefitted from this programme. This programme is designed to cater to the needs of the cutting edge industry thereby combining advanced computational tools with economic reasoning. It would help students to develop a deep background in advanced tools for analysis of economic data, which is essential for making sound economic decisions. The programme combines the strengths of multiple departments to educate students in these important computational skills linked to economics, and to prepare them for careers in economics, finance, and business. Reflecting on this strong interdisciplinary relationship, this programme will also be excellent preparation for graduate study in economics or decision sciences.

Program Structure

The students have to apply for Minor in Finance at the end of second year. The students have to complete total of 5 courses get a certificate in Minor in Finance.

List of compulsory courses:

1

ECON F215: Computational Methods for Economics

2

ECON F241: Econometric Methods

3

ECON F242: Microeconomics

List of Electives:

1

 

BITS F314: Game Theory and its Applications

2

BITS F464: Machine Learning

3

CS F320: Foundations of Data Science

4

ECON F342: Applied Econometrics

5

ECON F419: Advanced Microeconomics

6

ECON F420: Applied Macroeconometrics

7

MATH F424: Applied Stochastic Process