About RTC



Student Life

Careers at RTC



BA Development Economics (4 yr)

Bhutan's First and Only A+ Accredited Institution      Inspiring Education in Bhutan

The programme deals with the principal issues of economic development, with the objective of preparing students for employment in the development sectors of the country and for further study and research in this subject area. It also aims to promote the overall personal development and well-being of the students by imparting relevant and good quality education in the core and general education modules offered in the programme, thereby enabling the graduates to contribute to the economic and social development of Bhutan and possibly in the global arena. The programme emphasizes learning at the current frontier of knowledge in the subject of Economics. It places an emphasis on the understanding of basic economic principles at a level of rigor generally appropriate to an undergraduate experience. The programme is designed to provide a firm grounding in modern economic theory with special emphasis on the issues pertaining to economic development and instill a capacity amongst students for independent thought about economic policies and problems. The programme aims to produce economists who are socio-politically engaged, quantitatively adept, historically informed, and philosophically grounded.

This programme provides specialised focus on issues related to development patterns, challenges, policy framework, and choices. The first two years of the programme provide training in core theoretical modules, while the last two years of the programme mainly focus on modules that provide an in-depth study of development issues, and new approaches to address development challenges. The programme provides a standardised approach to studying critical development issues. Unlike a general programme in economics, this programme incorporates a holistic approach to studying socioeconomic development- philosophical underpinning, institutional building, sectoral perspective, financing of development, and global experience.

The programme will aim to intellectually stimulate the students to apply the subject knowledge to a range of development problems by encouraging critical, evaluative, and strategic thinking. The programme will aim to foster skills that would be essential to prepare students for the emerging part of the 21st century- creative, adaptive, and critical thinking, new media literacy, collaboration, effective communication, and multidisciplinary, and social intelligence. These skills will enable the students to effectively navigate in a rapidly shifting landscape of organisational forms and skills requirements. Broadly, the programme aims to produce productive citizens who can contribute to the nation-building processes.

Programme Learning Outcomes

Graduates of this programme are expected to acquire not only a grounding within the field of Development Economics (subject-specific skills) but will also gain competency in the following skill areas: critical-thinking skills, application skills, and transferable skills. Specific learning outcomes based on these four different skill sets are the foundation of this programme, along with appropriately aligned teaching, learning, and assessment approaches.

Subject-Specific Skills (SS):

KU1. Explain the fundamental principles of economics, including microeconomics and macroeconomics.
KU2. Evaluate the application of economic reasoning to the study of relevant problems and policies in economics.
KU3. Make graphical and statistical representations of economic ideas using appropriate techniques.
KU4. Analyse economic issues at a level of depth expected from undertaking research appropriate to an undergraduate Development Economics degree.
KU5. Apply relevant quantitative and qualitative techniques to common economic analyses.
KU6. Analyse the functioning of the state, market, and institutions in the context of economic issues.
KU7. Relate economics to the wider socio-political contexts.

Critical Thinking Skills (CS):

CS1. Identify relevant patterns from the given information.
CS2. Synthesize and interpret information from a range of sources.
CS3. Solve complex problems within the given constraints.
CS4. Effectively participate in the public discourse related to relevant socio-economic issues.
CS5. Apply ethical reasoning to making the right choices.

Application Skills (AS):

AS1. Gather and organize data for analysis, presentation, and decision-making purposes.
AS2. Effectively use statistical software for data analysis.
AS3. Simplify complex problems to improve decision-making processes.
AS4. Use techniques for planning and scheduling work/projects.
AS5. Adopt and apply new technology at the workplace.

Transferable Skills (TS):

TS1. Function effectively as a reflective and independent learner.
TS2. Effectively present and communicate concepts, ideas, and opinions both by writing and speaking.
TS3. Undertake self-evaluation and preparation for employment.
TS4. Develop and apply strategies for managing personal and organisational resources.
TS5. Take initiative and responsibility to lead others.
TS6. Relate to, and collaborate effectively with mutual self-respect for colleagues.

Programme Handbook - see complete programme details here

Career-related Opportunities

The programme will expand the range of career choices available to graduates. Upon successful completion of this programme, graduates will have adequate training to pursue entry-level careers as development practitioners, policy analysts, consultants, researchers, Entrepreneurs, bankers, social leaders, political leaders, and teachers. The programme will also help graduates to develop adequate generic skills to remain employable in an increasingly unpredictable and volatile job market.

Programme Structure

All the modules, except for UGR404 are 12-credit modules, cumulating to 480 credits achieved over four years of full-time study. Each semester requires approximately 15-16 weeks of teaching-learning incorporating 40 hrs of student effort per week, and approximately 2 weeks of examinations. UGR404 spreads over two semesters and adds up to 24 credit points.

Yr Sem Modules
I I CET101
Introductory Microeconomics
Introductory Macroeconomics
Mathematics for Economics
Intermediate English for Academic Purposes [English comm. Gen. Ed.]
IT and Basic Problem Solving [IT Skills Gen. Ed]
Intermediate Microeconomics
Descriptive Statistics for Economics
Upper-Intermediate English for Academic Purposes [English comm. Gen. Ed.]
Analytical Skills [Analytical Skills Gen. Ed.]
[Science and Technology Gen. Ed. Elective]
Ethics in Economics
Inferential Statistics for Economics
Intermediate Macroeconomics
Dzongkha Communication
[Enhanced English writing skills Gen. Ed. Elective]
Introductory Econometrics
Monetary Economics
Bhutanese Economy
[Open Gen. Ed. Elective] DEV203
Environment Economics
Public Economics
Development Problems and Policies
Agricultural Economics
[Humanities Perspective Gen. Ed. Elective] DEV306
Rural Development: Concepts and Approaches
Contemporary Literature in Economics
International Economics
Intermediate Econometrics
Research Methodology
[Open Gen. Ed. Elective]
Health Economics
Development Process and Institutions
Behavioural Economics
Urban Economics
Undergraduate Research Project
Emerging Economies
Industrial economics
[Business / Financial Literacy Gen. Ed. Elective]