The primary objective of this course is to provide introduction to Probability and Statistics for quantitative analysis in economics. This course builds upon statistical foundations of econometric methodologies that are useful in empirical research. Students will be introduced to the major quantitative techniques that social scientists use to test models, study economic behaviour, evaluate policies, and relationships between variables. The topics covered in the course include basic probability theory and mathematical statistics, linear regression models and its applications.

This course will introduce students to methods of quantitative economic research using primary and secondary data source. The purpose is to provide training for Ph.D. scholars in the department.

The course is aimed at developing an understanding of the basics in Public Economics and Public Finance. Public economics is the study of government policy from the points of view of economic efficiency and equity. The course deals with the nature of government intervention and its implications for allocation, distribution and stabilization. Inherently, this study involves a formal analysis of government taxation and expenditures. The subject encompasses a host of topics including public goods, market failures and externalities. The course is divided into two sections, one dealing with the theory of public economics and the other with the Indian public finances.