byGaganDeep
Updated on - 29 Jun, 2024
M.Sc Economics is a postgraduate degree program of two years that focuses on the subject of economics. The course content includes micro and macroeconomics, public economics, development economics, international economics, econometric methods, mathematics for economics, financial economics, agricultural economics, industrial organization. The course structure of M.Sc Economics course is generally four semesters of two years in full time. There are also some universities that offer an integrated 5-years program through which a student can pursue both B.Sc and M.Sc degrees
The M.Sc Economics admission grants entrance tests conducted at the all-India level are CUCET, TISSNET, IGNOU OPENMAT, and at the university level. A number of central and state universities for instance Delhi University, Hyderabad University among others conduct their own entrance examinations for students who wish to pursue M.Sc Economics.
| Highlight | Detail |
|---|---|
| Full Form | Master of Science in Economics |
| Duration | 2 years |
| Course Level | Postgraduate |
| Eligibility | Bachelor's degree in Economics or related field, with a minimum required percentage (usually 50-60%) |
| Top Colleges | London School of Economics and Political Science (LSE), University of Chicago, Harvard University, Stanford University, Delhi School of Economics |
1. A bachelor’s degree in any field with at least 50% marks in the final cumulative from any university.
2. The students who are from the streams such as B.A, B.Sc, B.Com and so on are eligible for applying for the job.
3. Certain colleges require Maths to be studied by the candidate up to 10+2 level.
4. Must have qualified in concerned exams like CUET, state or college level entrance tests.
5. Desirable attributes include good quantitative reasoning and analytical skills. A strong hold over subjects like Mathematics, Statistics is usually needed in order to efficiently analyze the data.
6. Some colleges also take aptitude test for basics in Economics and for analytical ability etc and personal interview.
| Subject | Important Topics |
|---|---|
| Microeconomic Theory | Consumer theory, Producer theory, Market structure, General equilibrium theory, Game theory |
| Macroeconomic Theory | National income accounting, Aggregate demand and supply, Keynesian economics, Monetary policy |
| Econometrics | Regression analysis, Time series analysis, Panel data analysis, Econometric models, Forecasting |
| Mathematical Economics | Optimization techniques, Linear algebra, Differential equations, Dynamic programming |
| International Economics | International trade theories, Balance of payments, Exchange rates, Globalization |
| Development Economics | Poverty and inequality, Economic growth models, Human development, Economic planning |
| Public Economics | Taxation principles, Government expenditure, Public goods, Fiscal policy |
| Financial Economics | Capital markets, Asset pricing models, Risk management, Financial derivatives, Corporate finance |
| Environmental Economics | Sustainability, Natural resource economics, Pollution control, Climate change economics |
| Research Methods in Economics | Econometric methods, Research design, Data analysis techniques, Writing and presenting economic research |
| Specialization | Average Salary (INR) |
|---|---|
| Development Economics | 4,50,000 - 9,00,000 |
| Econometrics | 5,00,000 - 10,00,000 |
| Financial Economics | 5,00,000 - 11,00,000 |
| Industrial Economics | 4,50,000 - 9,50,000 |
| International Economics | 5,00,000 - 10,00,000 |
| Labor Economics | 4,00,000 - 8,50,000 |
| Public Economics | 4,50,000 - 9,00,000 |