byDinesh
Updated on - 15 Aug, 2024
Master of Arts (MA) in Economics is a type of postgraduate master’s degree program in the field of economics. The program normally takes 2 years of study and is available in many colleges and universities in India. It offers specialization in Microeconomics, Macroeconomics, Econometrics, International Economics, Public Economics, Financial Economics, Agricultural Economics, Development Economics, Environmental Economics and other fields of study.
The candidates who are eligible for the MA Economics course are those who have passed their Bachelore degree in Economics or equivalent with a minimum of 50% marks. Some of the institutes that accept TISSNET, CUCET, etc, for admission accepts the score card along with the passing marks of graduation. Some of the colleges also have their own tests that they administer to students seeking admission. Mentioned work experience in economic positions as an additional benefit enabling the candidate to be accepted to the top colleges offering MA Economics through tests and interviews assessing quantitative, verbal, analytical skills that are essential for the program. The program provides students with adequate conceptual and practical skills to access research, analyst, and teaching positions in the public and private domains.
| Feature | Details |
|---|---|
| Full Form | Master of Arts (Economics) |
| Duration | 2 years |
| Course Level | Postgraduate |
| Eligibility | Bachelor's degree in Economics or a related field |
| Top Colleges | Delhi School of Economics, Jawaharlal Nehru University, Indian Statistical Institute, Presidency College Kolkata, Mumbai University |
| Entrance Exam | Varies by college, common entrance exams include DUET, JNUEE, ISI Entrance Exam, University-specific entrance tests |
1. The candidate must possess a Bachelor’s degree in Economics or other related fields such as statistics, mathematics, commerce with at least 50% marks in aggregate from any recognized university.
2. Other backgrounds students can also apply after passing certain pre-requisites papers like Microeconomics, Macroeconomics, Econometrics, Mathematical Economics and Statistics during graduation.
3. While some universities have their own entrance tests, others allow the candidates CAT/MAT/CMAT or accept national level test scores.
4. Co-op is not mandatory but prior work experience in economic research, banking and finance, data analysis, etc. is preferred by many institutes to choose the candidates.
5. Technical competency: economics masters course demands its students to have good analytical, mathematical and statistical abilities which involves working on data models.
| Subject | Important Topics |
|---|---|
| Microeconomics | Consumer theory, producer theory, market structures, game theory, welfare economics |
| Macroeconomics | National income accounting, business cycles, money and banking, fiscal policy, monetary policy, economic growth |
| Econometrics | Regression analysis, time series analysis, panel data analysis, econometric modeling |
| Mathematical Economics | Optimization techniques, linear programming, differential equations, dynamic models |
| Indian Economy | Structure of Indian economy, planning, poverty, unemployment, agriculture, industry, foreign trade |
| International Economics | International trade theory, balance of payments, exchange rates, trade policies, economic integration |
| Development Economics | Theories of economic development, poverty and inequality, development planning, human development |
| Public Economics | Public expenditure, public revenue, public debt, taxation, public enterprises |
| Job Role | Average Salary Range (INR Lakhs/year) |
|---|---|
| Economist | 4-10 LPA |
| Economic Analyst | 4-8 LPA |
| Financial Analyst | 5-12 LPA |
| Market Research Analyst | 4-8 LPA |
| Business Analyst | 5-10 LPA |
| Data Analyst | 5-10 LPA |
| Specialization | Job Profile | Average Salary (per annum) |
|---|---|---|
| Microeconomics | Research Economist, Policy Analyst | ₹ 6,00,000 - ₹ 10,00,000 |
| Macroeconomics | Economic Consultant, Financial Analyst | ₹ 7,00,000 - ₹ 12,00,000 |
| Econometrics | Data Analyst, Quantitative Economist | ₹ 8,00,000 - ₹ 15,00,000 |
| International Trade | Trade Economist, Export-Import Manager | ₹ 6,50,000 - ₹ 11,00,000 |
| Development Economics | Development Economist, Project Manager | ₹ 7,50,000 - ₹ 13,00,000 |
| Public Finance | Tax Economist, Public Policy Analyst | ₹ 6,50,000 - ₹ 11,50,000 |
| Environmental Economics | Environmental Economist, Sustainability Consultant | ₹ 7,00,000 - ₹ 12,50,000 |
| Industrial Economics | Industrial Economist, Market Researcher | ₹ 6,00,000 - ₹ 10,50,000 |
| Agricultural Economics | Agricultural Economist, Farm Manager | ₹ 5,50,000 - ₹ 9,50,000 |
| Business Economics | Business Economist, Management Consultant | ₹ 8,00,000 - ₹ 15,50,000 |