MA Economics Course: Full Form, Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope

Updated on Sep 12, 2024 05:14 IST

The full form of MA Economics is Master of Arts in Economics. It is a 2-year postgraduate level course that can be pursued in regular and distance mode. The programme aims to offer comprehensive knowledge of the fundamentals of Economics. The course imparts the requisite knowledge and skills in the students preparing them for the workforce. The MA Economics coursework comprises theoretical and numerical-based subjects along with elective subjects related to statistics and finance.

On completing an undergraduate degree with an Economics specialization, one becomes eligible to apply for an MA economics course. Admission to the course is usually offered through entrance exams such as CUET PG, PUCET PG, URATPG, IPU CET  and Jamia Milia Islamia (JMI) Entrance Exam.

Q:   What is M.A Economics course?

A:

MA Economics is a master’s degree in Arts offered with Economics as a specialization. It can be completed in 2 years. The course equips students to comprehend fundamental concepts of advanced Economics topics such as Econometrics.

Q:   What is economics all about?

A:
Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: goods are scarce and that society must use its resources efficiently.

Why Pursue MA Economics Course?

MA Economics is a popular choice among candidates due to several reasons. Some of these are listed below:

  • Economics graduates can work in a wide range of fields such as banks, academia, financial institutions, corporations and consultancies.
  • MA Economics graduates can earn a handsome salary even in entry-level jobs. They can earn up to 21.3 LPA in various foundational jobs.

Q:   What is the scope of MA in economics?

A:
UGC NET Economics is the best career option available for the students to make career as a lecturer or Professorship. The NET Exam is conducted every year while the NET Exam is the best career option, but aspirant might also choose other careers in the Economics Subjects. Some of them are as follows The career is good in the - Work as a lecturer and Professor in the Colleges and Universities. Write the Book Editor and Author in the various fields. Work in the Research Field related to the Subject. Guide students to prepare for the NET Exam. Work as Project manager in the relevant field.

Q:   What is the scope after doing MA economics?

A:
Economics qualification is very much recognized in banking sector, insurance sector and Indian economics service and in teaching field as you can become economics teacher in schools and in colleges. Stock exchange is also a sector where post graduate in economics can look for great career/jobs opportunities as broker and market researcher, etc. Multinational companies and computer industries also hire economics PG candidates. Otherwise there are various other options available for you like you can seek jobs in railways, civil services, staff selection commission even in defense.

Q:   What is the scope of MA in economics after B.Com?

A:
There is a scope you can pursue teaching career, but it will be better, if you pursue MBA with the specialization in marketing or operations. That will be more beneficial.

MA Economics Eligibility Criteria

The eligibility parameters for admission to the MA Economics course are framed by universities and colleges as per the rules and guidelines of the University Grants Commission (UGC). Some MA Economics colleges may consider the candidate’s Class 12 marks for shortlisting purposes. The candidates should have pursued an Economics course from a recognized institute.

Given below are the basic eligibility parameters that have to be fulfilled by candidates who wish to secure admission to the MA Economics course:

Particulars

Details

MA Economics Academic Qualifications

The candidates should have completed any of the following degrees:
(a) BA Economics
(b) BSc Economics

MA Economics Marks Criteria

They should have scored at least 50% marks in graduation.

MA Economics Appearing or Passed Criteria

Graduates as well as students in the final year of graduation are eligible.

MA Economics Age Limit

There is no age limit prescribed.

Note: The eligibility criteria mentioned above may vary depending on the college.

Q:   Can I pursue M.A Economics after B.Sc Economics?

A:

Yes, you can pursue MA Economics after completing BSc Economics. This is because BSc Economics course covers all the fundamental concepts of Economics courses that you will be expected to have to pursue MA Economics course. It is not necessary that you should have completed BA Economics to apply for MA Economics course.

MA Economics Course Types

Given below are some types of MA Economics course:

Type of MA Economics Course

Description

Full-time MA Economics

In a full-time MA Economics course, candidates must attend a regular classroom programme.

Distance MA Economics

MA Economics pursued through distance mode, does not offer a regular classroom programme.  The candidates only have to be physically present for the semester and practical exams.

Online MA Economics

In online mode of education, MA Economics students pursue the course in online mode.

Candidates can refer to:
MA Online Courses

Q:   What is the difference between M.A Economics and M.Com course?

A:

Given below are some basic differences between MA Economics and MCom courses:

Particulars

MA Economics Details

M.Com Details

Full form

Master of Economics

Master of Commerce

Area of focus

Core Concepts of Economics

General Accounting

Domain

Humanities and Social Sciences

Commerce

Eligibility

BA Economics or BSc Economics with a minimum of 50% marks

BA Economics or Humanities3 a minimum of 50% marks

Curriculum

Microeconomics, Macroeconomics, Trade, Financial Economics, Public Finance

Taxation, Research Methodologies, Advanced Accounting, Financial Analysis

Q:   Are there any M.A Economics courses offered in online mode?

A:

Yes, an MA Economics course is offered in online mode as well by various colleges, universities and online learning platforms.

Given below are online courses of MA Economics and related courses along with the course provider, course duration and fees:

MA Economics Online Courses

Course Provider

Course Duration

Course Fee (in INR)

MA in Economics

Jain Deemed-to-be University

24 months

90,000

MA in Economics

Online Dr. M.G.R. Educational and Research Institute

24 months

1.00 Lakh

Online MA in Economics

George Mason University

18 months

21,300

Real Estate Economics and Finance

London School of Economics

8 weeks

2.24 Lakh

MSc in Health Economics and Policy

Lancaster University

24 months

12.03 Lakh

MA Economics Entrance Exams 2024

Many government and private colleges offer admission to MA Economics course based on CUET. It is a national-level entrance exam in India. Candidates can also secure admission in University of Rajasthan, Punjab University, Indraprastha University, Jamia Milia Islamia and its affiliated colleges through university-level entrance exams such as URATPG, PUCET, PG, IPU CET and Jamia Milia Islamia entrance exam.

Given below are some entrance exams through which candidates can secure admission to MA Economics course in India:

MA Economics Entrance Exams

MA Economics
Entrance Exam Dates

MA Economics
Entrance Exam Schedule

Common University Entrance Test- Postgraduate (CUET PG)

Mar' 25 (Tentative)

CUET PG Schedule

Punjab University Common Entrance Test- Postgraduate (PUCET PG)

15 Jun '24 - 16 Jun '24

PUCET PG Schedule

University of Rajasthan Admission Test for Post Graduate (URATPG)

Jul' 24 (Tentative)

URATPG Schedule

Indraprastha University Common Entrance Test (IPU CET)

Apr '25 (Tentative)

IPU CET Schedule

Jamia Milia Islamia (JMI) Entrance Exam

Apr '25 (Tentative)

Jamia Milia Islamia (JMI) Entrance Exam Schedule

Note: The entrance exam schedules and dates mentioned above may vary depending on the latest updates.

Important Exam Dates

DatesUpcoming Exam Dates

Dec '24 - Feb '25

CUET PG 2025 Application Process

TENTATIVE

Dec '24 - May '25

NMIMS NPAT Registration Window

TENTATIVE

Jan '25 - May '25

NPAT Exam Dates

TENTATIVE

13 Jan '25

Pearl Academy Application Form 2025 (January Cycle) - Last Date to Apply

17 Jan '25 -

19 Jan '25

Pearl Academy 2025 (January Cycle) - Conduct of Written Exam

21 Jan '25

Pearl Academy 2025 (January Cycle) - Admit Cards for Personal Interview

22 Jan '25 -

23 Jan '25

Pearl Academy 2025 (January Cycle) - Personal Interview

DatesPast Exam Dates

21 Sep '24

Second Phase of Counselling Begins

12 Aug '24 -

21 Aug '24

CPGET 2024 First Counselling Registrations

23 Jul '24

CPGET 2024 Answer Key Released

Q:   Can I secure admission in M.A Economics course without any appearing in any entrance exams?

A:

Yes, candidates can secure admission to MA Economics course without appearing for or qualifying for an entrance exam, though many reputed colleges offer admission through entrance exams. Many private institutes conduct their own admission tests to select candidates. They also offer admission based on merit. Candidates can opt for MA Economics in distance mode through direct admission.

Q:   What is the mode of the CUET PG exam?

A:

The CUET PG exam is conducted in computer-based test (CBT) mode. This means that the exam is taken on a computer, and the questions and answers are displayed on the screen. Candidates use a mouse or keyboard to select their answers.

The CUET PG exam is held in multiple sessions throughout the day, and candidates are assigned to a specific session during registration. The exam is two hours long and consists of 100 multiple-choice questions.

Q:   What is CUET PG examination structure?

A:

The following table brings the structure of the expected CUET PG question paper.

Part

Sections/Subjects

Number of Questions

A

Language Comprehension/Verbal Ability, General Test (GK, QA, Analytical Skills)

25

B

Domain knowledge

75

Candidates must note that the Language Comprehension/Verbal Ability section is compulsory. The General Test also has to be taken by candidates opting for all test papers except Education (PGQP01).

Q:   Is there a negative marking in CUET?

A:

Yes. There is a negative marking in the CUET exam. For each wrong answer, one mark is deducted. Negative marking will not be applicable in case of unattempted questions. The marking scheme as per NTA is given below.

i. Correct answer or the most appropriate answer: Five marks (+5)
ii. Any incorrect option marked will be given minus one mark (-1).
iii. Unanswered/Marked for Review will be given no mark (0).
iv. If more than one option is found to be correct then Five marks (+5) will be awarded to only those who have marked any of the correct options.
v. If all options are found to be correct then Five marks (+5) will be awarded to all those who have attempted the question.

vi. If none of the options is found correct or a question is found to be wrong or a question is dropped, then all candidates who have attempted the dropped question will be given five marks (+5) marks.

MA Economics Syllabus and Subjects

Given below are some of the main subjects covered in an MA Economics course in many Indian colleges:

MA Economics Syllabus for First Semester

Microeconomic Theory

Mathematics for Economics

Public Economics

Macroeconomic Theory

MA Economics Syllabus for Second Semester

Monetary Economics

International Economics

Statistics

Indian Economy

MA Economics Syllabus for Third Semester

Environmental Economics

Population Economics

Financial Economics

Basic Issues of the Indian Economy

MA Economics Syllabus for Fourth Semester

Economy of North East India

Agricultural Economics

Econometrics

Regional Economics

Note: The syllabus may vary depending on the college offering the course.

Popular Specializations

Q:   What are the main books followed in an M.A Economics course?

A:

The books followed in MA Eonomics course may vary depending on the colleges offering the course. Moreover, the syllabus and the university the college is affiliated to also determine the books followed for the course. Given below are some of the important books in an MA Economics course:

MA Economics Books

Authors

Microeconomic Theory: Basic Principles and

Extensions

Walter Nicholson, Christopher M. Snyder

Advanced Microeconomic Theory

Jehle and Reny

Lectures on Public Economics,

A.Atkinson and J. Stiglitz

Handbook of Public Economics

Auerbach, A.J. and M.Feldstern

Economic Development

Hogendrn

Advanced Macroeconomics

David Romer

Theory of Econometrics

Koutsoyiannis

Microeconomic Analysis

Hal Varian

Handbook of Development Economics

Behrman, S. and T.N. Srinivasan

Best MA Economics Colleges

There are numerous government and private colleges in India in which candidates can pursue an MA in Economics course.

Best MA Economics Government Colleges

Given below are some government colleges in India that offer admission to MA Economics course:

MA Economics Government College

MA Economics Government College Fees (in INR)

Delhi School of Economics (DSE), University of Delhi

480

Jamia Millia Islamia

14.4 K

Miranda House, University of Delhi

38.06 K

Jawaharlal Nehru University

432

UoH - University of Hyderabad

9.6 K - 24 K

Dr. B.R. Ambedkar University Delhi, Kashmere Gate

31 K

Guru Gobind Singh Indraprastha University

1.4 L

Banaras Hindu University

9.53 K

Jadavpur University

1.8 K

IIT Madras - Indian Institute of Technology

20 K

Note: The fees mentioned above may vary.

Best MA Economics Private Colleges

Given below are some private colleges in India that offer admission to MA Economics course:

MA Economics Private College

MA Economics Private College Fees (in INR)

Christ University

1.9 L

Amity University, Noida

2.88 L

Loyola College

44.6 K

Chandigarh University (CU)

1.84 L

Ashoka University

11.28 L

Symbiosis College of Arts & Commerce, Pune

72.45 K

Fergusson College

23 K

Mithibai College of Arts, Chauhan Institute of Science & Amrutben Jivanlal College of Commerce and Economics

96.72 K

Galgotias University

92 K

Jindal School of Government and Public Policy, O.P. Jindal Global University

5 L

Note: The fees mentioned above may vary.

1 Course
38.06 K
6.6 LPA
2.32 L
6.14 LPA
26.52 K
4.6 LPA
5.0
3.5 LPA

Q:   Which colleges offer M.A Economics course in distance mode?

A:

Given below are some colleges in India that offer MA Economics in distance mode of education:

MA Economics Distance College

MA Economics Distance College Fees (in INR)

Institute - Indira Gandhi National Open University

17.6 K

Institute of Distance and Open Learning, University of Mumbai

16.26 K

Institute of Distance Education, University of Madras

13.35 K

NSOU - Netaji Subhas Open University

7.6 K

Andhra University, Visakhapatnam

10.4 K

Nalanda Open University - NOU

11.2 K

Shivaji University

3.17 K

Madhya Pradesh Bhoj Open University

18 K

Q:   Which colleges offer M.A Economics course with nominal fee structure?

A:

Several colleges offer MA Economics course with a nominal fee structure. These colleges could be government or private-run. The candidates must note that the fees mentioned below is the tuition fee and there could be additional charges such as postal fee, registration fee etc. that the candidates have to pay.

Given below are some of the colleges that offer MA Economics course with an affordable fee structure:

MA Economics Colleges

Average Fees (in INR)

SCS Autonomous College

288

Samastipur College

300

Darshan Sah College, Purnea University

312

Baharagora College, Baharagora

336

Multanimal Modi College

360

Gangadhar Meher University

360

Jawaharlal Nehru University

432

Q:   Does IGNOU offer M.A Economics course?

A:

Yes, MA Economics course is offered by IGNOU (Indira Gandhi National Open University). IGNOU is a public university that offers various courses in distance learning mode. It can be completed in a duration of 2 years like any MA Economics regular course. The total tuition fee is INR 12,000. There is no minimum or maximum age limit prescribed. Candidates can enroll themselves into the course on completing a bachelor’s degree from a recognised institute.

Popular Private MA Economics Colleges in India

2.54 L
3.0
60 K

Economics Applications open. Apply Now

1.06 L
1 Course
4.42 L
2.88 L
3.9
1 Course
1.5 L
5.5 LPA

MA Economics Course Career Scope: Job Profiles, Salary and Top Recruiters

MA Economics graduates are sought after in the government and private sector. 

MA Economics Job Profiles

Given below are some job profiles that can be pursued by MA economics graduates when they join the workforce:

MA Economics Jobs

Average Salary (in INR)

Economist

16.4 LPA

Actuary

7.4 LPA

Data Analyst

6.65 LPA

Credit Analyst

8.4 LPA

Personal Financial Advisors

3 LPA

Policy Analyst

7 LPA

Supply Chain Analyst

6.7 LPA

Economic Consultant

10 LPA

Statistician

9.9 LPA

Product Manager

21.3 LPA

Note: The salaries mentioned above may vary depending on the company.

MA Economics Course Top Recruiters

MA Economics graduates can find job opportunities in corporations, consultancies, financial institutions and academia. They can work in various job profiles depending on the individual’s calibre and the company’s requirements.

Given below are some companies in India that hire MA Economics graduates in various job profiles:

MA Economics Recruiters

Bain & Company

Boston Consulting Services

McKinsey & Company

Tata Consultancy Services

EY-Parthenon

Accenture

Deloitte Consulting Services

Insight Sourcing Group

KPMG

PWC

Q:   What are the career options available for MA Economis graduates?

A:
There are many career opportunities for MA economics graduates. First of all, MA Economics graduates are eligible for all government jobs in central and state government where eligibility criteria is graduation degree. You can evaluate civil services, PSC in state, SSC etc. Indian Economic Services is one of the coveted jobs for Economics graduate. Reserve Bank of India also hires economics graduates. Lot of PSUs and public sector banks hires economics graduate for both officer and clerical roles. Private sector also offers jobs for economic graduates in the fields like private banks, MNCs, BPOs, KPOs, newspapers and magazine. Economics graduates are also hired as research assistant by consulting firms. Lot of trade bodies and trading organisations hire economics grads. Economics grads can also join Defence forces and paramilitary forces as commissioned officer. With doctorate in economic students have opportunities for higher roles. PhD degree holders in economics have opportunities to teach and consult.

Q:   How can I apply for the job of a data analyst?

A:
Hello Ankit, You can send your resume to an HR department of an organization. If you have completed any certificate course on database or data science, then it will be beneficial for you.

Q:   How can I become an economist?

A:
It is a broad ambition. First, acquire the minimum qualifications and then you have to do an extensive research and make publications. You have to attend as many seminars as possible. You have to understand the social needs. The recent Nobel Prize was based on poverty in India and Indian Saving.To be simple, work out your range.

MA Economics FAQs: 2024

Here are some Frequently Asked Questions related to MA Economics:

Q:   What is the difference between economics and business economics?

A:
Economics is a social science concerned with the production, distribution and consumption of goods and services. It studies how individuals, businesses, governments and nations make choices on allocating resources to satisfy their wants and needs, and tries to determine how these groups should organize and coordinate efforts to achieve maximum output. Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the aggregate economy, and microeconomics, which focuses on individual consumers. Majority of universities offer Bachelor's (BA Economics or BA Hons Economics) and Master's degrees (MA Economics or Msc Economics) programs. Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets. Business economics is the study of the financial issues and challenges faced by corporations operating in a specified marketplace or economy. Business economics deals with issues such as business organization, management, expansion and strategy. Studies might include how and why corporations expand, the impact of entrepreneurs, the interactions between corporations, and the role of governments in regulation. Multiple universities offer Bachelor's (BBE) and master's degrees (MBE) in business economics.

Q:   What is the difference in career between finance and economics? What are its career prospects?

A:
Hi, Both are different field and open different career prospects after graduation as well as post graduation. If you are a commerce or economics graduate (viz. B.Com or BA (Economics) or B.Sc. (Economics) such as career in banking, starting career in acturial in insurance, pursuing MBA and starting career in teaching after masters and NET in respective field. Except mentioned above, there are difference between economics and commerce organisations like The Reserve Bank of India and other central banks, UN, IMF, World bank hires economics graduates, post graduates and doctoral degree in engineering. Such options are not open for commerce graduates unless they have qualifications like CA/ ICWA Also, high paying jobs such as insurance under writer is open for an economics graduate compared to a commerce graduate You need to decide what you want to do in future. Both have good options but economics have few very specialised role. if you aim for such specialisation, specific organisation in target and can make to a very good institute like Delhi school of Economics, London School of Economics Decide your career path and opt either
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Contributor-Level 9

Answered 2 months ago

The BA (Political Science, Economics and Journalism) curriculum followed at Reva University is spread over three years, which is further divided into six semesters. Some subjects (theoretical & practical) included in the curriculum are as follows:

  • Indian Constitution and Human Rights
  • Principles of Mac

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Himanshi Pandey

Contributor-Level 10

Answered 2 months ago

The cutoff for BA in Economics at Madras Christian College (MCC) in Chennai typically ranges between 85-90% for students from commerce or science backgrounds. It may be a bit lower for arts students. The cutoff changes each year based on the number of applicants and available seats.

For more details

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Nikita Kumari

Contributor-Level 6

Answered 2 months ago

There are many good books on Econometrics. Some of these are as follows:

Econometrics Books

Authors

Essentials of Econometrics

Damodar N. Gujarati

Econometric Analysis

William H. Greene

Mostly Harmless Econometrics: An Empiricist's Companion

Joshua D. Angrist

A Guide to Modern Econometrics

Marno Verbeek

Basic Econometrics

Irwin Economics

Introductory Econometrics: A Modern Approach

Jeffrey M. Wooldridge

Using Econometrics: A Practical Guide

A. H. Studenmund

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Keerthana Sundara Vadivel

Contributor-Level 10

Answered 2 months ago

No, a Certificate in Economics is not equivalent to a B.A. in Economics: 

  • Certificate in Economics: A short-term course that covers fundamental economic principles, such as supply and demand, market structures, and economic policies. It can be a good option for people who want to gain knowledge quick

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Vishal Maurya

Beginner-Level 1