The Economics major at JSLH aims to instil fundamental economic thinking in an interdisciplinary set-up. Economics is traditionally understood as the ‘science of humans as a relationship between ends and scarce means with alternative uses’ (Lionel Robbins, 1932). In addition to internalizing these micro aspects of human behavior, students are also introduced to macroeconomics. The students are then trained in applying this dual perspective- micro and macroeconomics in various economic aspects, including political (Political Economy), developmental (Development Economics), and environmental (Environmental Economics), among many others. A crucial advantage of an Economics major is the training in numerous quantitative techniques, including Game Theory and Econometrics. These transferable tools can then be applied to approach various questions of local, national, or global significance.  

Economics is a dynamic and fertile discipline that has borrowed significantly from psychology, sociology, law, political science, history, mathematics, and philosophy, allowing students to appreciate a genuinely interdisciplinary major. An Economics major, thus, enables a student to conceptualize, analyse and gain valuable insights into significant contemporary questions critically, making the world a better place.