Macroeconomics: Admissions 2024, Entrance Exams, Syllabus, Top Colleges, Job Profiles and Top Recruiters
Macroeconomics is a branch of economics that deals with the economy as a whole and researches dealings of the economy in terms of performance, structure, behaviour and decision-making. Macroeconomics attempts to measure how an economy is performing and which factors regulate its growth and stability. Students who have completed their class 12 in the Humanities or Commerce stream can pursue their bachelor's degree in Macroeconomics.
Macroeconomics courses can be pursued at undergraduate, postgraduate, diploma and certification levels at fees ranging between INR 10000 to INR 2 lakh. Macroeconomics courses can be completed in a duration ranging between 2 to 5 years. Some of the common entrance exams that allow admission to students in Economics courses are DUET, UGC NET, CUET, JNUEE, PUB DET, etc.
Learning the fundamentals of macroeconomics can be helpful for anyone who wants to comprehend the larger picture of the economy, including the reasons for inflation, unemployment, and economic growth. A macroeconomics degree can open up a variety of career options across industries. Some of the job profiles at which graduates of Macroeconomics can find employment are Economists, Financial Analysts, Policy Analysts, International Economists, Financial Planners, etc. They can earn an average salary ranging between INR 4.5 LPA to INR 6.2 LPA.
Latest Updates About Macroeconomics Course:
SAT India Registration Deadline for the March Test is 23-Feb-2024
CUET PG Application in Jan' 2024; Exams between 11 Mar to 28 Mar 2024
CUET UG Application in the first week of February 2024: Exams from 15-May-2024
- Macroeconomics Course Highlights
- Why Pursue Macroeconomics Course?
- Macroeconomics Eligibility Criteria
- Types of Macroeconoimics Courses
- Top Entrance Exams for Macroeconomics Courses 2024
- Macroeconomics Course Syllabus
- Best Colleges for Economics Courses
- 7.1 Best Economics Government Colleges
- 7.2 Best Private Colleges for BA Economics
- Macroeconomics Career Scope: Job Profiles, Salary and Top Recruiters
- 8.1 Macroeconomics Job Profiles and Salaries
- 8.2 Macroeconomics Top Recruiters
- Macroeconomics FAQs: 2024
Macroeconomics Course Highlights
Generally speaking, a macroeconomics course covers the basic ideas and principles about an economy's general functioning. An introduction to important metrics including the GDP, inflation, and unemployment rate is frequently covered in the programme. Students gain knowledge of the functions of monetary and fiscal policies of the government, the variables affecting economic growth, and the intricacies of global trade.
Interested students can have a quick look at the table below for more details related to Macroeconomics courses, job positions, fees, colleges, and recruiters.
| Particulars |
Details |
|---|---|
| Course Name |
Macroeconomics |
| Course level |
Graduation, Postgraduation, Doctorate |
| Duration |
3 years, 2 years, 3 years |
| Top Entrance Exams |
|
| Course Fee |
Up to INR 2 lakh |
| Average Salary |
INR 3 LPA to 6 LPA |
| Top Recruiting Companies |
KPMG, The Economist, World Bank, IMF, CRISIL |
| Job Positions |
Analyst, Research Assistant, Assistant Professor, Post Graduate Teacher, Economist |
| Top Colleges |
Gargi College, Aligarh Muslim University, Chitkara University, Chandigarh University, etc. |
Note: This information is sourced from the official website and may vary.
Quick Links Related to Macroeconomics:
Q: What is macroeconomics?
Why Pursue Macroeconomics Course?
A thorough understanding of how economies operate overall can be gained by studying macroeconomics, which can also provide important insights into other facets of the economic system. There are several advantages to learning macroeconomics:
- In the field of economics, macroeconomics is the study of an economy's overall performance or aggregate performance. Rather than emphasising particular markets or industries, it deals with the behaviour, structure, and performance of the economy as a whole.
- Macroeconomics studies government fiscal and monetary policy, international trade, unemployment, inflation, GDP, and other important economic indicators.
- The main objective of Macroeconomics is to understand the overall economy and its problems such as what causes inflation.
Q: What is the difference between Microeconomics and Macroeconomics?
Students can see the table below to learn the difference between Microeconomics and Macroeconomics.
| Points of Difference | Microeconomics | Macroeconomics |
|---|---|---|
| Scope | Study of individual economic agents (households, firms) and specific markets (e.g., supply and demand for a particular good) | Study of the economy as a whole, including aggregate measures such as GDP, inflation, and unemployment |
| Focus | Analyzes the behavior of individual economic units, such as consumers and producers | Analyzes the economy-wide phenomena, such as inflation, unemployment, and economic growth |
| Examples | Pricing decisions, consumer choices, production costs | National income, fiscal policy, monetary policy |
| Objectives | Understand how individuals and firms make decisions to allocate resources efficiently | Understand overall economic performance and develop policies to stabilize the economy |
Q: What is the scope of Microeconomics?
The scope of Macroeconomics is widening with the rise in competition in the market. The field helps businessmen focus on prices and production in individual markets as well as the interplay between different markets.
Macroeconomics Eligibility Criteria
The prerequisites for enrolling in an Macroeconomics course at the undergraduate or graduate level can differ depending on the university.
Candidates are advised to check the eligibility criteria of the colleges before applying for admission.
- Candidates, who have completed their 10+2 with a minimum of 50 per cent marks in any stream from a recognised board can enrol themselves in a bachelor course.
- To pursue a master's course in Macroeconomics, one should have a bachelor's degree in Macroeconomics with a minimum of 50 per cent marks from a recognised university.
- To pursue a doctoral degree in Macroeconomics, the candidate should hold a master’s degree from a recognised university and should clear UGC-NET.
Q: Can I study Macroeconomics in graduation after completing Class 12 in science stream?
Yes, if you have completed Class 12 in Science stream, you can apply for Macroeconimcs courses. Most bachelor's level Economics courses are open to students from all streams. However, some courses may allow you only if you have studied Mathematics as a subject in Class 12.
Types of Macroeconoimics Courses
Candidates must note that Macroeconomics is a branch of Economics therefore, it is included as a subject in Economics courses. BA Economics, BSc Economics and BCom are bachelor's programmes that involve the study of Macroeconomics. It is also studied in master's programmes such as MA Economics, MSc Economics and MCom. One can also pursue a PG Diploma in Economics, Macroeconomics or related fields.
Given below are the various types of Macroeconomics courses offered in India:
| BSc Economics |
MSc Economics |
| PG Diploma in Economics |
|
| MA in Economics |
PhD in Macroeconomics |
Q: What is BA Economics?
BA Economics revolves aorund the optimal use of resources and concentrates on the major conceptual bifurcations of Economics, namely Macroeconomics and Microeconomics. It delves into the various types of financial markets, the operation of an economy, and current economic trends. Some of the common/popular BA subjects available under the Economics specialisation:
- Econometrics
- Introduction to Statistical Methods in Economics
- Introductory Macroeconomics
- Economics of Banking
- The Economics of Labour
- Economic Analysis of Agriculture
- Business Economics
Q: What is the best degree between MA in economics and M.Sc in economics for future career prospects and a better life and salary?
Top Entrance Exams for Macroeconomics Courses 2024
Most renowned colleges shortlist aspirants for admission to Macroeconomics courses offered by them based on their performance in an entrance exam. Candidates qualifying for the written exam have to then appear for counselling. Some popular entrance exams for Macroeconomics courses conducted in India are listed below:
| Macroeconomics Courses Entrance Exams |
Entrance Exam Schedule |
Entrance Exam Dates |
|---|---|---|
| 15 May '24 to 24 May '24. |
||
| Mar '25 (Tentative) |
||
| University Grants Commission National Eligibility Test(UGC NET) |
21 Aug '24 - 04 Sep '24 |
Quick Links Related to Macroeconomics Course:
Jun '24 | CT SET 2024 Counselling Start TENTATIVE |
Jun '24 | CT SET 2024 Result TENTATIVE |
7 Dec ' 24 | SAT Test December Date |
26 Nov ' 24 | SAT Deadline for Changes, Regular Cancellation, a... |
21 Sep ' 24 | Second Phase of Counselling Begins |
20 Sep ' 24 | Reporting to Respective Colleges |
Feb '25 - Apr '25 | CUET 2025 Application Process TENTATIVE |
Apr '25 | CUET UG 2025 Application Form Correction TENTATIVE |
Q: What is CUET UG exam?
Common University Entrance Test (CUET) UG is an entrance examination conducted for admission to undergraduation programs offered by various central, state, private and deemed universities. Candidates willing to take admission to undergraduation programme in streams like Science, Humanities, Commerce, Law and Management must appear for the CUET UG exam when conducted.
The entrance examination assesses candidates at various levels: Language, domain knowledge and general aptitude. CUET UG is conducted annually in computer based mode. CUET UG scores are accepted by more than 300 universities across India.
Q: What are the changes introduced in the CUET PG Exam?
A modification in the CUET PG test design means that this year's CUET PG 2024 cut-off will be calculated from a total mark of 300. It used to be 400 marks earlier. The participating universities are conducting separate CUET PG 2024 counseling sessions on their official websites. In 2024, NTA won't be involved in the CUET PG counseling process. Candidates wishing to learn more about the CUET PG 2024 counseling rounds are asked to continue checking out the official websites of the participating universities. In 2024, master's degree programs will be admitted to 190 CUET PG participating universities (central, state, private, and others). The counseling process for the CUET PG 2024 has begun at the University of Delhi.
Macroeconomics Course Syllabus
The syllabus of Macroeconomics is fixed to provide in-depth knowledge to students about the subject. The main topics covered in Macroeconomics are:
| Semester-1 | |
|---|---|
| Introduction to Economics | Macroeconomics vs. Microeconomics |
| National Income Accounting | Economic Growth |
| Semester-2 | |
| Aggregate Demand and Supply | Fiscal Policy |
| Monetary Policy | International Trade and Finance |
| Semester-3 | |
| Government Intervention | Economic Systems |
| Labor Markets and Income Distribution | International Organizations and Economic Development |
| Semester-4 | |
| Macroeconomic Theory | Environmental Economics |
| Global Macroeconomic Issues | Research Project |
| Semester-5 | |
| Policy Analysis and Implementation | Financial Markets and Macroeconomics |
| Advanced Economic Forecasting | Case Studies and Presentations |
| Semester-6 | |
| Capstone Project | Emerging Issues in Macroeconomics |
| Economic Policy Debates | Final Presentations |
Q: Can anyone suggest me the best and explainable book for macroeconomics?
Q: What is the scope of econometrics?
Econometrics is a highly specialised field of study which is taught at the post graduation level. The courses related to this field are popular in India but it is done by some of the best brains of the society. The study of quantitative economics became all the more important as a result of the utilisation of economics as a subject that can analytically approach the problems and provide efficient solutions. The subject is also known as econometrics as it deals with the study of complex mathematical and statistical models which help in detailed study of concepts of economics. The growth and development of industries is always dependent on a few factors such as resource utilisation, maximisation of revenue and similar factors. The subject quantitative economics provide economic models required for the analysis of such factors. The demand for experts in this field are huge across all the sectors some of them being advisory bodies, multinational corporations, manufacturing units, business conglomerates and so on. The global competition has led to unending race where every enterprise wants to become the market leader. This has led to the enhanced quality and services provided by organisations. The role of economic models in such a scenario becomes all the more important. Econometrics is a highly important subject for research purpose because it always leads to an efficient solution of an economic problem. A number of esteemed institutes of the country offers courses on this subject. In a developing economy like India, the role of econometrists becomes obligatory. The experts in this field are the ones who bag the best jobs in the market. Not only in India but the employment scope for the quantitative economics experts are huge abroad also.
Q: What are the main subjects in Macroeconomics curriculum?
The syllabus of Macroeconomics is designed in such a way that it provides in-depth knowledge to students about the country's growth and GDP. The main subjects included in the curriculum are:
- Concepts of National Income
- Macroeconomic Theory
- Principles of Economics
- Analysing Regional Economic Growth
- Development Economics
- Advanced Macroeconomics
- Monetary Policies in Macroeconomics
- Basics of Money and Banking
Best Colleges for Economics Courses
Economics is a very popular and sought-after course by students. Our society is quickly becoming more competitive and international, which has led to an increase in complexity. Career prospects for experts like economic analysts, researchers, and consultants have increased significantly in recent years.
Every year, students compete for seats in the best institutions offering various courses in Economics. Some of these best colleges include government and private institutions. Best Government Colleges for BA Economics.Since Macroeconomics is a part of Economics, here are some government and private colleges offering Economics courses.
Best Economics Government Colleges
Some of the popular government colleges for Economics are as follows:
| College Name | Total Fees (in INR) |
|---|---|
| Atma Ram College, Delhi University | 540 |
| Aligarh Muslim University, Aligarh | ---- |
| Daulat Ram College, Delhi | INR 54,000 |
| Gargi College, Delhi | INR 45,000 |
| Jamia Millia Islamia, Delhi | 14,000 |
| Madras Christian College, Chennai | 56,000 |
| Maharaja Agrasen College, Delhi | 540 |
| Shivaji College, Delhi | 57,000-1 lakh |
| Sri Venkateswara College, Delhi | 37,000 |
| S S Jain Subodh PG College, Jaipur | 48,000 |
Best Private Colleges for BA Economics
Some of the popular private colleges for pursuing Economics are as follows:
| College Name | Total Fees (in INR) |
|---|---|
| Amity University, Greater Noida | 2.4 lakh |
| Christ University, Bangalore | 2-6 lakh |
| DAV College, Chandigarh | 50,000 |
| K J Somaiya College of Arts and Commerce, Mumbai | 2,000 |
| Mangalayatan University, Jabalpur | 50,000 |
| Mithibai College, Mumbai | 30,000-97,000 |
| Mount Carmel College, Bangalore | 2-4 lakh |
| Symbiosis University, Pune | 77,000 |
| Stella Maris College, Chennai | 60,000 |
| St. Xavier's College, Mumbai | 30,000 |
Q: Which low costing Economics colleges in India provide high placement to their students?
Please refer to the table below for the best low costing Economics colleges in India that offer the highest placement to their students:
| College Name | Tuition Fee | Eligibility / Exams |
|---|---|---|
| IIT Kanpur - Indian Institute of Technology | INR 12,000 - INR 48,550 | INR 16.86 LPA |
| Janki Devi Memorial College, University of Delhi | INR 750 - INR 61,370 | INR 5 LPA - INR 15.5 LPA |
| IIT Delhi - Indian Institute of Technology | INR 30,000 | INR 15.5 LPA |
| Delhi School of Economics (DSE), University of Delhi | INR 480 | INR 15.5 LPA |
| Institute of Distance and Open Learning, University of Mumbai | INR 16,260 - INR 16,300 | INR 4.5 LPA - INR 15 LPA |
Q: How many economics colleges are there in India?
There are around 4,000+ best Economics colleges in India of which 1,400+ colleges are owned by the government, 900+ colleges are owned by private entities and the rest 800+ colleges are owned by semi government institutions. CUET, CUET PG, UGC NET, etc. are the popular entrance exams for admission to best Economics colleges in India. Delhi School of Economics, Hansraj College, St. Xavier's College, JMI, IFMR Graduate School of Business and Christ University are the top Economics colleges in India.
Popular Private Macroeconomics Colleges in India
Macroeconomics Career Scope: Job Profiles, Salary and Top Recruiters
A career in economics offers growth, stability, and monetary benefits. Economics has high utility and huge demand in the job market. Various business organisations in both India and abroad, hire economists because of rapid globalisation and changing economic scenarios.
Macroeconomics Job Profiles and Salaries
Numerous opportunities exist for those pursuing a career in macroeconomics in both the public and private sectors. Macroeconomics examines how economies function as a whole, looking at things like inflation, unemployment, economic growth, and monetary and fiscal policy. The following are a few possible career options and pathways in macroeconomics:
In this field, one can start as an intern or accountant, and reach up to the level of senior analysts. Given below are some of the job profiles that students can choose along with their average salaries in India:
| Job Profiles |
Average Salary in India (in INR) |
|---|---|
| Bank Manager |
INR 7.9 LPA |
| Finance Officer |
INR 3.3 LPA |
| Consultant |
INR 10 LPA |
| Accountant |
INR 2.4 LPA |
| Compensation and Benefits Manager |
INR 15.9 LPA |
| Economic Consultant |
INR 10.7 LPA |
| Actuary |
INR 10 LPA |
| Credit Analyst |
INR 6.16 LPA |
| Financial Analyst |
INR 4.2 LPA |
| Policy Analyst |
INR 5 LPA |
| Lawyer |
INR 7.06 LPA |
| Management Consultant |
INR 11.9 LPA |
| Business Reporter |
INR 3.85 LPA |
| Business Writer |
INR 2.81 LPA |
Note: This information is sourced from multiple sources on the web. Hence, is subject to vary.
Macroeconomics Top Recruiters
Economics graduates are hired by top recruiters in both India and abroad and they are in high demand. Given below are the name of some of the top recruiters which hire macroeconomics experts:
| Macroeconomics Top Recruiters | |
|---|---|
| Berkshire Hathaway | Allianz |
| AXA | JP Morgan Chase |
| HSBC | Citigroup |
| Bank of America | Wells Fargo |
| Accenture | Reserve Bank of India |
| Rail India Technical and Economic Services | Department of Economic Affairs |
| Genpact | Dell |
Q: Is studying Macroeconomics a good career choice?
Yes, economics is a rewarding career. Macroeconomics is that branch of economics that deals with the overall aspects of an economy such as income, output, employment, etc.. This branch of economy analyses the overall economy in terms of employment, inflation, foreign trade, federal budget, productivity, interest rates, etc.
Students who study macroeconomics can opt for professions such as Market Research Analyst, Economic Consultant, Actuary, Credit Analyst, Financial Analyst, Policy Analyst, Lawyer, and so on. Macroeconomics graduates will have some highly-sought unique skills and the employment opportunities are good.
Q: What is the process of becoming a bank manager?
Macroeconomics FAQs: 2024
Here are some Frequently Asked Questions related to Macroeconomics courses:
Q: What is the difference between Microeconomics and Macroeconomics?
Students can see the table below to learn the difference between Microeconomics and Macroeconomics.
| Points of Difference | Microeconomics | Macroeconomics |
|---|---|---|
| Scope | Study of individual economic agents (households, firms) and specific markets (e.g., supply and demand for a particular good) | Study of the economy as a whole, including aggregate measures such as GDP, inflation, and unemployment |
| Focus | Analyzes the behavior of individual economic units, such as consumers and producers | Analyzes the economy-wide phenomena, such as inflation, unemployment, and economic growth |
| Examples | Pricing decisions, consumer choices, production costs | National income, fiscal policy, monetary policy |
| Objectives | Understand how individuals and firms make decisions to allocate resources efficiently | Understand overall economic performance and develop policies to stabilize the economy |
Q: Can I do Economics in India without any entrance exam?
Yes, you can surely pursue Economics in India without any entrance exam. Please refer to the table below for the best Economics colleges in India that accept students without any entrance exam:
| College Name | Tuition Fee |
|---|---|
| NMIMS Deemed to be University, Bannerghatta | INR 7.56 lakh |
| Universal AI University | INR 7.44 lakh |
| S.S. Jain Subodh Pg College | INR 48,300 |
| DIT University - Admission Office | INR 2.85 Lacs - INR 3.81 lakh |
| AURO University | INR 5.16 lakh |
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Macroeconomics is the branch of economics that deals with the structure, performance, behaviour, and decision-making of the whole, or aggregate, economy. John Maynard Keynes was an early 20th-century British economist, best known as the founder of Keynesian economics and the father of modern macroec
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What is the nature and scope of Macroeconomics?