MA in Economics – Curriculum, Colleges and more

MA in Economics – Curriculum, Colleges and more

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 LevelPostgraduate
DurationTwo years
Examination typeSemester system
EligibilityBachelor’s degree in economics or any discipline from a recognised university
Admission ProcessMerit-based and entrance exams
Top RecruitersICICI Bank, RBI, Citi Bank, Kotak, etc.
Job ProfilesProfessional Economist, Data Analyst, Equity Analyst, Financial Planner, Professional Economist, and many more
Course FeesINR 10,000 to INR 50,000 
Average Starting SalaryINR 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 NameConducted byEligibility
DUETDelhi UniversityBachelor’s degree in economics or any discipline from a recognised university
JNUEEJawaharlal Nehru UniversityDecent score in Bachelor’s degree in economics 
Centre of Development Studies Entrance TestCentre of Development StudiesUndergraduate qualification in economics or any discipline from a recognised university
BHU PETBanaras Hindu UniversityThe average score in undergraduate level in economics or related field
Madras School of Economics Entrance ExamMadras UniversityBachelor’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 NameCityAnnual Average Fee (INR)Average yearly Salary (INR)
Miranda House CollegeNew Delhi 19,0303-8 LPA
Presidency CollegeChennai9002-5 LPA
Ramjas CollegeNew Delhi14,3003-7LPA
Fergusson CollegePune9,6802-5 LPA
Christ UniversityBangalore60,0006-13 LPA
St. Mira’s College for GirlsPune14,8002-5 LPA
Symbiosis College of Arts and CommercePune26,0003-9 LPA
St. Xavier’s CollegeJaipur62,5005-10.5 LPA
Kristu Jayanti CollegeBangalore67,0004-12 LPA
Mithibai College of ArtsMumbai11,3003.5-7.5 LPA

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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 1Semester 2
Microeconomic TheoryMacroeconomic Theory
Introductory Mathematical EconomicsTheory of Pricing and Distribution
Introductory EconometricsInternational Finance
International TradeQuantitative Methods
Semester 3Semester 4
Development of EconomicsPublic Economics
International EconomicsEconometrics-2
Econometrics-1Project 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 RoleAverage Annual Salary
Research AnalystINR 5,18,000
Data AnalystINR 3,85,000
High School TeacherINR 3,50,000
EconomistINR 7,92,000
Primary School TeacherINR 2,47,000
Director of OperationsINR 30,00,000
Project ManagerINR 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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