Teacher: Dr. SHAIJUMON C S, Associate Professor Humanities

Introduction to Economics Jan 2026

A solid grasp of economics aids in understanding market demands, competitive landscapes, and
regulatory environments, which are critical for the successful commercialization of new
technologies. This interdisciplinary knowledge ultimately empowers electronics and
communication students to develop innovative solutions that are not only technically advanced but
also economically sustainable, fostering a more holistic approach to their engineering endeavours.
The course aims to introduce students to the foundational concepts of economics and its relevance
as a discipline in understanding human behaviour and decision-making processes. The course
helps students evaluate the impact of economic policies, such as economic planning, globalization,
privatization, and international trade, on economic growth and development, with a specific focus
on the Indian experience.

Teacher: Dr. SHAIJUMON C S, Associate Professor Humanities

Fundamentals of Economics

This course on economics aims to give students a basic understanding of the subject matter of economics. By understanding how the economic forces work, students will develop an inquisitive nature to explore the economy around them and connect the theories with their subjects of interest. Understanding economics will also help science students appreciate the broader societal and market impacts of scientific advancements, facilitating more informed and responsible decision-making. Ultimately, a solid foundation in economics empowers science students to contribute more holistically to their fields, blending scientific rigor with economic acumen.

Teacher: Dr. SHAIJUMON C S, Associate Professor Humanities

Basics of Economics

What an aerospace engineer does is to optimize the available scarce resources for finding solutions of the problems in the economy and society. Engineers use their knowledge of science, mathematics, logic, economics, and appropriate experience or tacit knowledge to find suitable solutions to a problem. Knowledge of economic principles helps aerospace engineers navigate the complexities of the aerospace industry, such as market demand, competition, and regulatory environments. This understanding fosters better decision-making and strategic planning, ultimately leading to more innovative and financially viable aerospace technologies and systems.

This course is designed to introduce non-specialist students to some of the central principles of economics. The idea is that economic principles can be more readily understood if they are linked to concrete and familiar issues.