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M.A. Economics

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Level
Postgraduate
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Duration
2 Years
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Fee Structure
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M.A. Economics

Admission Procedure

Merit prepared on basis of the qualifying exam

Provisional Admission

Bachelor’s Degree from a recognized University and admission will be based on merit, as decided by the university.

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About The Program

The Department of Humanities and Social Sciences (HSS) offers a Master’s program in Economics. Designed for those seeking to deepen their understanding of economic theory and its real-world applications, our program emphasizes critical thinking, analytical skills, and practical experience.

The Master's program adopts a comprehensive curriculum that integrates core economic principles with contemporary issues. Students engage in collaborative learning activities and case studies, enabling them to explore and devise innovative solutions to complex economic challenges.

Our faculty members consist of experienced educators who guide students through a rigorous academic experience and fostering an environment of intellectual curiosity and professional growth. Internships and service activities are integral components of our Master Program, providing students with opportunities to apply their knowledge in real-world contexts while contributing to the community and industry.

Our mission is to cultivate economists who are not only equipped with theoretical knowledge but also enhance the practical skills necessary to navigate today’s dynamic economic activities.Masters in Economics can lead to jobs related to public and private sectors as researchers, advisors and analysts. They become accomplished professionals and informed citizens, ready to make meaningful contributions at local, national, and global levels.

Eligibility

Bachelor’s Degree from a recognized University and admission will be based on merit, as decided by the university.

Teaching Pedagogies

  • Case Studies: Students engage with real-world economic scenarios and policy challenges, analyzing authentic situations to understand how economic theory operates in practice. 
  • Group Projects and Presentations: Collaborative assignments involve data analysis, field-based observations, and presentations on contemporary economic and social issues, enhancing teamwork, communication, and analytical skills. 
  • Project-Based Learning: Students apply economic concepts, quantitative tools, and research methodologies to investigate the root causes of real-world economic problems and propose evidence-based solutions. 
  • Flipped Classroom: Students explore lecture videos or readings on economic theories, models, and policy debates prior to class. Classroom sessions are then dedicated to discussions, problem-solving exercises, simulations, and applications of these concepts to current economic issues. 

Program Educational Objectives (PEOs)

PEO1

Strong Economics Foundation

To enable the students to understand and use economic concepts, theories, models, and data analytic techniques to enhance their analytical and creative skills.

PEO2

Research-Oriented Learning

To enable students to critically evaluate economic theories and to solve dynamic socioeconomic problems at local and global levels.

PEO3

Career Readinessand Social Contribution

To develop critical and thinking skills regarding current national & international policies and issues to engage in policy debates effectively.

PEO4

Lifelong Learningand Ethical Values

To enhance their proficiency in the development of intellectual flexibility, creativity and undertake original research to participate effectively in project with various teamswithetical consideration.

Program Outcomes (POs)

PO1

Critical Thinking

To engage in critical thinking using quantitative and qualitative methods to enhance analytical ability to evaluate the operations of households, businesses, and government.

PO2

Effective Communication

To develop competence in written and oral communication and actively engage in explaining economic findings, complex data, and policy debates.

PO3

Social Interaction

To develop the ability to recognize the diversity of social norms, values, and socio-economic factors and their impact on economic behaviour.

PO4

Effective Citizenship

Demonstrate empathetic social concern and equity to understand policy implications and provide informed economic policy recommendations, enabling active participation in civic life through volunteering.

PO5

Ethics

To demonstrate an understanding of ethical considerations in economic decision-making, including issues related to social justice, equity, and human welfare.

PO6

Environment and Sustainability

To develop a better understanding of economic policies and practices from sustainability perspectives, considering long-term environmental impacts and intergenerational equity.

PO7

Self-directed and Life-long Learning

To enable students to leverage their expertise and experience to pursue opportunities that contribute to scholarly knowledge and adapt their thinking based on new insights and developments.

Program Specific Outcomes (PSOs)

PSO 1:

Area Specific Content

To enable the students with a comprehensive understanding of economic theories,principles and methodologies.

PSO 2:

Analytical Skills and Decision making

To enable the students to analyze the economic behaviour of individuals, firms and marketswhile making decisions.

PSO 3:

Social Economic Analysis and Community Engagement.

To develop the skills to evaluate the plausibility of an economic argument using empirical tools and address real socio-economic issues.

PSO 4:

Employabililty and Professional Development.

To develop professional skills to apply economic concepts in their professional settings and work effectively with diverse teams.

Career Prospects

A Master’s degree in Economics provides students with a comprehensive understanding of social issues, cultural diversity, and the complex interactions between individuals, firms, and society. It enables them to apply economic concepts and knowledge in various fields, including research, teaching, policy formulation, and decision-making. It develops analytical and critical thinking skills among students to solve real-world local and global issues. The degree also provides students with a foundation for pursuing a PhD in Economics or Applied Economics, enabling them to contribute to the academic and intellectual advancement of the discipline. One can pursue many career opportunities after completing an MA in Economics.

  • Civil Services and Competitive examination
  • University Professor
  • Senior Economist/Economist
  • Researcher/ Research Officer
  • Public / Private Sector Banks
Industries to explore for postgraduates in Economics include:
  • Google
  • Amazon
  • Infosys
  • Capgemini
  • Accenture
  • Tommy Hilfiger
  • TCS
  • Banks
  • Government Organizations

Postgraduates can also pursue entrepreneurship and research consultancy, social-economic impact projects, policy analysis and doctorate in Economics

Course Curriculum

Semester 1

  • Micro Economics – II
  • Macro Economics – I
  • Mathematical Economics / Theory of Public Finance
  • Indian Economy / Agriculture Economics
  • Ethics and Economics / Digital Economics
  • General Proficiency

Semester 2

  • Micro Economics – II
  • Macro Economics – I
  • Econometrics / Labor Economics
  • Research Methodology / Behavioral Economics
  • General Proficiency

Semester 3

  • Growth and Development Economics
  • Quantitative Methods and Statistical Techniques
  • Demography / Foundations of Data Science
  • Environmental Economics / Industrial Economics
  • Law and Economics / Food Economics
  • General Proficiency

Semester 4

  • International Economics
  • Regional Economics
  • Energy Economics / Game Theory and Strategic Interaction
  • Health Economics / Political Economics
  • Dissertation and Viva Voce
  • General Proficiency

Frequently Asked Questions

A Bachelor’s degree in any discipline with a minimum of 50% aggregate marks.

The MA in Economics is a 2-year postgraduate program divided into four semesters.

Key areas include Microeconomics, Macroeconomics, Research Methodology, Indian Economy, Economics of Growth and Development, and Statistical Techniques.

Focus on key Classical, Neoclassical, and Modern thinkers such as Adam Smith, Ricardo, Marshall, Pigou, Keynes, Solow, Samuelson, along with Nurkse, Krugman, and Friedman.

Some of the best books include Principles of Economics by Gregory N. Mankiw, Advanced Economic Theory by H.L. Ahuja, Indian Economy by Ramesh Singh, and Statistics by A. Chiang.

Postgraduates can appear for various competitive exams for Civil Services, Research Officer positions, and Banking Services. They can also work as Financial Consultants or pursue a PhD in Economics or Applied Economics.

Yes, Economics is an important subject for the UPSC Civil Services examination.

It provides insights to analyze issues such as sustainability, globalization, the international economy, inflation, poverty, and inequality.

Yes, the MA Economics program includes field visits for collecting information related to socio-economic studies, helping students apply theoretical knowledge to real-life situations.

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