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Bachelor of Science in Economics and Data Science
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Bachelor of Science in Economics and Data Science

duration Duration

  • 3 - 4 Years

eligibility Eligibility

  • Pass in Class XII or equivalent examination with Mathematics / Business Mathematics / Standard Mathematics / Applied Mathematics as a compulsory paper and an aggregate of 50% and above marks (any discipline) with English as medium of instruction.

calendar Admission Calendar

  • Last Date for Submission of Completed Application Form: April 04, 2025

The students can specialize in econometrics or data science or entrepreneurship or financial economics. The students will gain hands on experience through an internship program. The course concludes with a thesis which enables students to articulate and analyze a problem.

Selection Process

The selection is based on academic merit and personal interview. The applicant should fulfil the minimum age requirements as prescribed by the respective Board through which the applicant would have succeeded in the qualifying examination.

Admission Calendar
Last Date for Submission of Completed Application Form April 04, 2025
Interviews April 17-20, 2025
Registration July 21 & 22, 2025
Commencement of preparatory Classes July 31 - August 01, 2025
Commencement of regular Classes August 04, 2025

The Program comprises of 46 courses (41 Compulsory Courses and 4 Courses from two Elective Streams and 1 course from Minor Stream). In addition there is a Summer Internship Program at the end of the second year to provide corporate exposure to the students. Students who secure 75% marks and above in the first six semesters and wish to undertake research at the undergraduate level can choose a research stream in the fourth year. They undertake the Research Project / Dissertation in semester VIII of the program.

Program Structure 4 Year B.Sc Economics & Data Science (Honors)

Year I

Semester I

Semester II

  1. Micro Economics-I(4)
  2. Probability and Statistics(4)
  3. Introduction to Political Science(3)
  4. Effective English Communication(3)
  5. Fundamentals of Soft Skills(3)
  6. Personal, Family and Social Health Management(3)
  7. Understanding India(2)
  1. Micro Economics-II(4)
  2. Basics of Mathematics for Economists (4)
  3. Introduction to Psychology(3)
  4. Functional English(2)
  5. Digital Skills(3)
  6. Human Values and Professional Ethics(2)
  7. Human Society in the Natural Environment: Sustainability Issues(3)

Summer Term - Internship Program - I

Year II

Semester III

Semester IV

  1. Macro Economics-I(4)
  2. History of Economic Thought(4)
  3. Statistical Inference (4)
  4. Introduction to Philosophy(3)
  5. Academic Reading and Writing(2)
  6. Impactful Presentations(3)
  1. Macro Economics-II(4)
  2. Development Economics and Policy(4)
  3. Banking and Market Regulations(4)
  4. Data Analysis Using Excel(4)
  5. Mathematical Analysis for Economists(4)
  6. Introduction to Modern Indian Language(3) SWAYAM

Summer Term - Internship Program - II

Year III

Semester V

Semester VI

  1. International Trade(4)
  2. Indian Economy(4)
  3. Financial Economics(4)
  4. Public Finance(4)
  5. Econometrics(4)
  1. Introduction to Data Analysis using R(4)
  2. Fundamentals of Machine Learning(4)
  3. Introduction to Law and Economics(4)
  4. Foundations of Computational Economics (4)
  5. Applied Econometrics(4)

Year IV

Semester VII

Semester VIII

  1. Data Management & Administration(4)
  2. Behavioural Economics(4)
  3. Elective-1(4)
  4. Elective-2(4)
  5. Introduction to Time Series Analysis(4)
  1. Game Theory and Applications(4)
  2. Systems Thinking and Applications(4)
  3. Elective-1(4)
  4. Elective-2(4)
  5. Elective-1(4) Minor

Major Electives - Semester VII & VIII

Agricultural Economics Financial Economics
  • Agribusiness Management
  • Contemporary Issues in Indian Agriculture,
  • Market Micro Structure
  • Financial Derivatives
Health Economics Environmental Economics
  • Health care and public policy
  • Economics of Healthcare
  • Environmental Economics
  • Environmental Law and policy
Law and Economics Entrepreneurship
  • Regulatory Policies in India
  • Corporate Law and Economics
  • Managing Start-Ups
  • Entrepreneurial Finance
Computational Economics Industrial Economics
  • Computational Microeconomics
  • Computational Macroeconomics
  • Industrial Economics: Theory
  • Industrial Economics: Policy
Urban Economics and Planning
  • Introduction to Urban Economics
  • Urban Economics and Planning

Students who opt Economics degree (honors) must choose two courses from one of the elective streams offered in their VII /VIII semester. Students who opt Economics degree (honors with Research) must choose two courses from one of the elective streams offered In their VII semester and Course from VIII Semester.

Minor Electives - Semester VIII

Data science Experimental Economics
  • Predictive Analytics
  • Artificial Intelligence (Hands-on Practical Approach)
  • Application of Python (Hands-on Practical Approach)
  • Experimental Methods in Economics
  • Behavioural Experimental Economics

In their VIII semester students should choose one elective course from the minor elective stream offered.

The Program comprises of 44 courses (40 Compulsory Courses and 3 Courses from two Elective Streams and 1 course from Minor stream). In addition there is a Summer Internship Program, at the end of the second year to provide corporate exposure to the students. Students who secure 75% marks and above in the first six semesters and wish to undertake research at the undergraduate level can choose a research stream in the fourth year. They undertake the Research Project / Dissertation in semester VIII of the program.

Program Structure 4 Year B.Sc Economics & Data Science (Honors with Research)

Year I

Semester I

Semester II

  1. Micro Economics-I(4)
  2. Probability and Statistics(4)
  3. Introduction to Political Science(3)
  4. Effective English Communication(3)
  5. Fundamentals of Soft Skills(3)
  6. Personal, Family and Social Health Management(3)
  7. Understanding India(2)
  1. Micro Economics-II(4)
  2. Basics of Mathematics for Economists (4)
  3. Introduction to Psychology(3)
  4. Functional English(2)
  5. Digital Skills(3)
  6. Human Values and Professional Ethics(2)
  7. Human Society in the Natural Environment: Sustainability Issues(3)

Summer Term - Internship Program - I

Year II

Semester III

Semester IV

  1. Macro Economics-I(4)
  2. History of Economic Thought(4)
  3. Statistical Inference (4)
  4. Introduction to Philosophy(3)
  5. Academic Reading and Writing(2)
  6. Impactful Presentations(3)
  1. Macro Economics-II(4)
  2. Development Economics and Policy(4)
  3. Banking and Market Regulations(4)
  4. Data Analysis using Excel(4)
  5. Mathematical Analysis for Economists(4)
  6. Introduction to Modern Indian Language(3) SWAYAM

Summer Term - Internship Program - II

Year III

Semester V

Semester VI

  1. International Trade(4)
  2. Indian Economy(4)
  3. Financial Economics(4)
  4. Public Finance(4)
  5. Econometrics(4)
  1. Introduction to Data Analysis using R(4)
  2. Fundamentals of Machine Learning(4)
  3. Introduction to Law and Economics(4)
  4. Foundations of Computational Economics (4)
  5. Applied Econometrics(4)

Year IV

Semester VII

Semester VIII

  1. Research Methodology(4)
  2. Behavioural Economics(4)
  3. Elective-1(4)
  4. Elective-2(4)
  5. Introduction to Time Series Analysis(4)
  1. Elective-1(4)
  2. Elective-1(4) Minor
  3. Research Project/Dissertation (12)

Major Electives - Semester VII & VIII

Agricultural Economics Financial Economics
  • Agribusiness Management
  • Contemporary Issues in Indian Agriculture,
  • Market Micro Structure
  • Financial Derivatives
Health Economics Environmental Economics
  • Health care and public policy
  • Economics of Healthcare
  • Environmental Economics
  • Environmental Law and policy
Law and Economics Entrepreneurship
  • Regulatory Policies in India
  • Corporate Law and Economics
  • Managing Start-Ups
  • Entrepreneurial Finance
Computational Economics Industrial Economics
  • Computational Microeconomics
  • Computational Macroeconomics
  • Industrial Economics: Theory
  • Industrial Economics: Policy
Urban Economics and Planning
  • Introduction to Urban Economics
  • Urban Economics and Planning

Students who opt Economics degree (honors) must choose two courses from one of the elective streams offered in their VII /VIII semester. Students who opt Economics degree (honors with Research) must choose two courses from one of the elective streams offered In their VII semester and Course from VIII Semester.

Minor Electives - Semester VIII

Data science Experimental Economics
  • Predictive Analytics
  • Artificial Intelligence (Hands-on Practical Approach)
  • Application of Python (Hands-on Practical Approach)
  • Experimental Methods in Economics
  • Behavioural Experimental Economics

In their VIII semester students should choose one elective course from the minor elective stream offered.

Admission Modalities

The Admission modalities are with reference to the , B.Sc. (Economics & Data Science) Program offered by ICFAI School of Social Sciences (ISoSS), a constituent of the ICFAI Foundation for Higher Education (IFHE), Hyderabad.

Eligibility

Pass in Class XII or equivalent examination with Mathematics / Business Mathematics / Standard Mathematics / Applied Mathematics as a compulsory paper and an aggregate of 50% and above marks (any discipline) with English as medium of instruction.

The applicant should fulfill the minimum age requirements as prescribed by the respective board through which the applicant has appeared for the qualifying examination. If an applicant is found ineligible even at a later date, after admission into the program, his/her admission will be cancelled. All admissions will be subject to verification of facts from the original certificates/documents of the applicant. The decision of the Admissions Committee regarding eligibility of any applicant shall be final.

The selected applicants will be given Provisional Admission letters on the day of Interview. The provisional admission is subject to payment of admission fee.

Applicants who have appeared for qualifying examination and awaiting results are also eligible to apply provided they complete their examinations (including practical examinations) before July 29, 2025. The admission of applicants will, however remain provisional until they produce marksheets establishing their eligibility. The last date for submitting the proof of Class XII (or equivalent) / Graduation (or equivalent) marksheet is September 17, 2025, failing which the provisional admission will automatically stand cancelled.

Students interested can apply by any one of the following methods:

1. Online Application

Applicants can apply online by filling up the Application Form available at: www.ifheindia.org/isoss and make payment of Rs. 500 towards the cost of an application using Credit / Debit Card (Visa / Master Card) / Internet Banking through secure internet payment gateway. Applicants applying online should upload their passport size color photograph while filling the Online Application. The Prospectus will be sent to such applicants.

2. Download of Application Form

Applicants can fill their details online and download the Application Form from: www.ifheindia.org/isoss and send it to the Admissions Office along with the Bank Demand Draft of Rs. 500 drawn on Scheduled Commercial Bank towards the cost of the application in favor of “IFHE Prospectus-Fee A/c-ISOSS” payable at Hyderabad.

3. Fill the Application Form

Applicants can fill in the application form and send it to the Admissions Office.

All applicants are mandatorily required to indicate their e-mail ID, as all important information relating to programs will be intimated to the applicants by e-mail. Similarly all applicants are required to send their communication by e-mail only to: admissions. isoss@ifheindia.org

Completed application forms should reach the following address before April 04, 2025 by person / post / courier.

IFHE Admissions Office,

# 65, Nagarjuna Hills, Punjagutta,

Hyderabad - 500 082, Telangana State.

Ph: 040-23440966, Toll-free: 1 800 599 0767

e-mail: admissions. isoss@ifheindia.org

The selection for the program is made based on merit. Eligible applicants are required to apply for the program using the Application Form. Final selection will be made based on Personal Interview and past academic record

Fee Schedule

Selected candidates are required to pay the fee as per the schedule given below:

Particulars Due Date

Fee (amount in Rs ₹)

B.Sc Economics & Data Science 3 Years

Fee (amount in Rs ₹)

B.Sc Economics & Data Science 4 Years
Admission Fee On Interview Day 20,000 20,000
Semester I Fee July 10, 2025 50,000 50,000
Semester II Fee December 28, 2025 50,000 50,000
Semester III Fee July 29, 2026 50,000 50,000
Semester IV Fee December 23, 2026 50,000 50,000
Semester V Fee July 22, 2027 50,000 50,000
Semester VI Fee December 24, 2027 50,000 50,000
Semester VII Fee July 26, 2028 - 50,000
Semester VIII Fee December 27, 2028 - 50,000
TOTAL 3,20,000 4,20,000

Caution Deposit

Students are required to pay a caution deposit of Rs. 10,000 for B.Sc Economics & Data Science Program along with the first semester fee. The caution deposit will be refunded without interest to the students on completion of the program. Caution Deposit is not adjustable against Program Fee and other dues.

Accommodation and Transportation

Limited hostel rooms are available at the campus. Day Scholars can avail bus facility from City to IFHE Campus on payment basis.

Merit Scholarships

IFHE offers two types of merit scholarships to the students pursuing the B.Sc Economics & Data Science Program.

A. The Scholarships based on past academic record.

B. The Scholarships based on Semester-wise Performance.

Students will be awarded merit scholarships based on percentage of aggregate marks achieved in qualifying examination. Scholarship will continue semester after semester only on maintaining the minimum 6.0 GPA in the previous semester. The details are as presented in the following table.

Aggregate Percentage of marks in Class XII or its equivalent

≥ 90

≥80 - < 90

≥70 - < 80

3 years

4 years

3 years

4 years

3 years

4 years

Total amount of Scholarship (Rs.)*

45,000

60,000

30,000

40,000

18,000

24,000

Scholarship Amount per semester (Rs.)

7,500

7,500

5,000

5,000

3,000

3,000

* Above scholarship amount would be adjusted equally in 8 installments for 4 year program and 6 installments for 3 year program in each semester fee payable.

Up to 10% of the students of the batch will be awarded merit scholarships based on the Semester-wise performance in the B.Sc Economics & Data Science Program (Details presented in the table given below). These scholarships are awarded in addition to the scholarships based on the past academic record.

Semester Performance (CGPA) ≥ 9.00 ≥8.50 to < 9.00 ≥8.00 to < 8.50
Scholarship Amount (Rs ₹) per Semester 15,000 11,000 7,500