MA Economics or Master of Arts in Economics is a two-year-long postgraduation course divided into four semesters. With a blend of all the aspects of economics in society, MA Economics broadly focuses on macroeconomics, microeconomics, public economics, econometry, international and financial economics.
Since it deals with the understandings of finance and market managements, MA Economics syllabus revolves around the world’s economy and the distractions of the financial markets. It shows the functioning of finance in an economy and makes one eligible to face challenges in the industry.
The course is the branch of science that deals with production and consumption and supply and demand changes. It is a broad account of utilisation of banking, market, insurance, investment and many other sectors of an economy.
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MA Economics – Course Highlights
Mentioned below are some of the major highlights of this course:Course Level Postgraduate Duration Two years Examination type Semester system Eligibility Bachelor’s degree in economics or any discipline from a recognised university Admission Process Merit-based and entrance exams Top Recruiters ICICI Bank, RBI, Citi Bank, Kotak, etc. Job Profiles Professional Economist, Data Analyst, Equity Analyst, Financial Planner, Professional Economist, and many more Course Fees INR 10,000 to INR 50,000 Average Starting Salary INR 5-7 Lakhs
MA Economics Eligibility
The eligibility standards are different for admissions through entrance exams and merit basis. Still, students eager to pursue their masters in economics must fulfil the mentioned below MA Economics eligibility criteria.
- A bachelor degree in economics or a relevant field of study
- A minimum percentage of 50% at the level of graduation is required.
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MA Economics Admission Process
Admission in universities like Delhi University, Jawaharlal Nehru University, Manipal University and many others is made through entrance exams. Still, colleges like Christ University, Loyola College, University of Hyderabad, and some more rely on merit-based admission.
Different admission patterns are followed by universities like IGNOU and Karnataka State Open University as they provide distance education by direct admission. However, specific Colleges like Delhi University and Department of Business Economic reserve seats for merit-based admissions.
MA Economics Entrance Exams
We have compiled some of the famous entrance exams for admission into MA Economics conducted by prestigious universities in India:Exam Name Conducted by Eligibility DUET Delhi University Bachelor’s degree in economics or any discipline from a recognised university JNUEE Jawaharlal Nehru University Decent score in Bachelor’s degree in economics Centre of Development Studies Entrance Test Centre of Development Studies Undergraduate qualification in economics or any discipline from a recognised university BHU PET Banaras Hindu University The average score in undergraduate level in economics or related field Madras School of Economics Entrance Exam Madras University Bachelor’s degree in any discipline
How to Prepare for MA Economics Entrance Exams?
An individual willing to sit for entrance exams to study MA Economics must have a vivid knowledge of the typical sections tested in the exams.
Below are some sections on which students must start focusing on getting themselves a reputed college.
- Microeconomics
- Macroeconomics
- Basis Mathematics
- Economical Mathematics
- Probability, Statistics and Elementary Econometrics
Successfully qualifying for an entrance test can seem like one of the scariest things but at the same time, it is one of the most important tasks to accomplish in taking you a step forward towards your dream college. Following the tips given below, one may find clearing an entrance exam easy.
- Note down the syllabus and start preparing study materials for every subject.
- Start collecting previous years’ questions and sample papers to get more knowledge on the problems’ patterns.
- Make a proper timetable and revise accordingly as well as thoroughly.
- Surf through relevant websites and books to clear fundamental doubts.
- Keep on practising, taking the help of different question banks until you become confident and perfect.
- Continuous follow-up with the changing dates and updates of the exam is necessary.
- Make sure to have a proper rest period regularly.
MA in Economics Colleges
Tabulated below are some of top MA Economics colleges in India and the location, average fees and annual package offered.College Name City Annual Average Fee (INR) Average yearly Salary (INR) Miranda House College New Delhi 19,030 3-8 LPA Presidency College Chennai 900 2-5 LPA Ramjas College New Delhi 14,300 3-7LPA Fergusson College Pune 9,680 2-5 LPA Christ University Bangalore 60,000 6-13 LPA St. Mira’s College for Girls Pune 14,800 2-5 LPA Symbiosis College of Arts and Commerce Pune 26,000 3-9 LPA St. Xavier’s College Jaipur 62,500 5-10.5 LPA Kristu Jayanti College Bangalore 67,000 4-12 LPA Mithibai College of Arts Mumbai 11,300 3.5-7.5 LPA
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Syllabus
The syllabus for MA in Economics can vary depending on the colleges and the universities across India, but here is the syllabus that most universities commonly follow in India:Semester 1 Semester 2 Microeconomic Theory Macroeconomic Theory Introductory Mathematical Economics Theory of Pricing and Distribution Introductory Econometrics International Finance International Trade Quantitative Methods Semester 3 Semester 4 Development of Economics Public Economics International Economics Econometrics-2 Econometrics-1 Project Work Industrial Economics (Electives) Financial Economics (Electives) Environmental Economics (Electives) Economics of Infrastructure (Electives) Globalisation and Economics (Electives) Economic Demography (Electives) – Economics and Law (Electives)
Job Prospects
Since this subject is closely associated with finance, markets and the functioning of an economy as a whole, MA Economics professionals with a decent percentage have a vast scope of getting placed in both government and private organisations as economists.
Following are the various suitable MA Economics job profiles which degree holders can get.Job Role Average Annual Salary Research Analyst INR 5,18,000 Data Analyst INR 3,85,000 High School Teacher INR 3,50,000 Economist INR 7,92,000 Primary School Teacher INR 2,47,000 Director of Operations INR 30,00,000 Project Manager INR 20,00,000
Some of the top recruiters recruiting MA Economics students in the government sectors are Reserve Bank of India, Indian Statistical University, Department of Economic Affairs and Directorate of Economics and Statistics, Manipur out of so many more government companies.
Private-sector hiring Economics postgraduates are Infosys, Accenture, Dell Inc. and Zocdoc Inc., to name a few companies.
This was a complete guide to pursue an MA in Economics.
We are glad we could help you make the right decision in pursuing your dream course at your dream university.
Good luck!
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