MA (Economics)

IIFT has launched its first-ever MA (Economics) Programme with Specialisation in Trade and Finance in both Delhi and Kolkata Campuses on Aug 01, 2018. A total of 30 students have taken admission in the first batch.

The specific objectives of the Programme are:

• To prepare students to become excellent trade policy-makers and key strategists on trade issues in the corporate sector, involved directly or indirectly in international trade and financial transactions.
• To equip students with a set of tools, which would help them to solve real world   problems.
• To prepare students to be full-time academicians, with specialized knowledge in international economics and finance.

The Institute has over a half-a-century experience in working as a think tank to the Government of India.  It regularly advices the government on issues related to trade through commissioned research reports.  The expertise developed by such interactions and teaching applied issues to management students is expected to give a new dimension to the course not available in similar courses in other universities and institutes.  Experienced faculty equipped with knowledge of Trade and Finance would guide the students to become managers and policy-makers of the future.  Additionally, those oriented towards taking up academics as their career would benefit immensely from the rigorous courses taught in the programme.

Duration and Contents

The duration of the Programme is two years with two semesters (monsoon and winter) each year. The Courses are divided into two segments:

• Classroom Courses
• Dissertation

Classroom Courses are designed to help students in understanding the concepts and techniques of economic theories and their application
Courses provide a good mix of theoretical and empirical knowledge to equip students both fundamental knowledge along with their application in real life.
Evaluation mechanism are designed through mid-term test, term-paper writing, class projects, etc. along with end-term examination for a holistic learning.

A Dissertation Project on any area of International Trade and Finance to be undertaken by a student on a topic approved by the Institute under the guidance of a faculty member of IIFT.  Expenses incurred, if any, on the assignment shall be borne entirely by the student and the Institute shall have no financial responsibility in this respect.

Core Courses
Course Title Credits

• Advanced Topics in Macro Economics 5
• Basic Econometrics 5
• Corporate Finance 5
• Empirical Issues in Trade 5
• International Financial Management 5
• International Macro & Finance 5    
• International Trade and Business Law 5
• International Trade Theory 5    
• Macroeconomic Theory 5    
• Mathematics for Economics 5
• Microecnomic Theory-1 5    
• Microeconomic Theory-II    5
• Project Appraisal & Finance 5
• WTO & Contemporary Trade Issues 5

Elective Courses 
Course Title Credits

• WTO and Contemporary Trade issues 5
• International Trade and Business Law 5
• Trade and Development 5
• International Financial Management 5
• Equity & Fixed Income Markets 5
• Project Appraisal and Management 5
• Empirical Issues in Trade 5
• Adv Econometrics 5
• Theory of Contract ( focus on Trade and Financial Contract) 5
• Commodity Derivatives and Risk Management 5
• Financial  Modeling 5
• Financial  Statement Analysis 5
• Investment Theory 5
• M& A and Valuations 5