Correlated Subquery is a sub-query that uses values from the outer query. In this case the inner query has to be executed for every row of outer query.
See example here http://en.wikipedia.org/wiki/Correlated_subquery
Simple subquery doesn't use values from the outer query and is being calculated only once:
SELECT id, first_name
FROM student_details
WHERE id IN (SELECT student_id
FROM student_subjects
WHERE subject= 'Science');
CoRelated Subquery Example -
Query To Find all employees whose salary is above average for their department
SELECT employee_number, name
FROM employees emp
WHERE salary > (
SELECT AVG(salary)
FROM employees
WHERE department = emp.department);