Master of Arts (Economics)

It is a semester-based post-graduation program with a total of four semesters spanning two years. Economics is a blend of ‘core economic theory' and 'econometrics', powered by effective ‘analytical technique to be used in specific settings.

It is a systematic synthesis of keen observations, theoretical appraisal of problems, and the development of statistical methods. The system of pedagogy entails tools like - econometrics, statistics, data analysis, simulations, case studies, historical analogy, vernacular aids, field study, and community-based research.

The program takes several software packages and data sources to make education apt and efficient. On one hand, it fills the gap between curriculum at bachelor and master degree levels and on the other,it encourages the students to take the hands on challenges offered by industry. Thus, the course in the MASTER OF ARTS (M.A.) in Economics has been designed to equip students with the knowledge of economic theory and research and its application in its present context. Apart from equipping students with the knowledge of economics, it provides techniques of data analysis and logical and critical thinking.

Semester 1

• Microeconomics I
• Macroeconomics I
• Fundamentals of Mathematics & Statistics
• Indian Economy
• Application of Data Science in Economics

Semester 2

• Microeconomics II
• Macroeconomics II
• Mathematical Economics
• Intermediate Econometrics
• Open Elective

Semester 3

• Public Economics and Policy
• Environmental Economics
• Development Economics
• Dissertation
• Summer Internship/field work
• Discipline specfic elective I
• Discipline specfic elective II
• Health Economics
• Regional Economics
• Rural Economics
• History of Economic Thought
• Agricultural Economics
• Game Theory

Semester 4

• International Economics
• Monetary Economics
• Operation Research in Economics
• Discipline specfic elective III
• Discipline specfic elective IV
• International Financial System
• Economics of Innovation and Entrepreneurship
• Labor Economics
• Neuroeconomics
• Comprehensive Economics

After the successful completion of M.A. Economics program, the students will be able:

• [PEO1] To exhibit in depth knowledge in the domain of economics required for asuccessful career to meet the diversified needs of academia, research, industry and entrepreneurship.
• [PEO2] To exhibit extensive analytical, quantitative abilities, problem-solving aptitude & managerial skills.
• [PEO3] To showcase industry readiness with in - depth understanding of logical, analytical, critical thinking with teamwork & leadership skills.

Program Outcomes

• [PO1] Discipline Knowledge: Demonstrate in-depth knowledge of major concepts, theoretical & empirical models, theories, current factual situations, and historical trends in Economics.
• [PO2] Scientific reasoning: Ability to analyse, interpret quantitative/qualitative data; and critically evaluate ideas, evidence and experiences, and draw conclusions regarding economic decisions.
• [PO3] Problem Solving: Develop analytical and quantitative abilities and problemsolving aptitude
• [PO4] Research Related Skills: Encourage students to undertake research-oriented activities, community-based research to foster a spirit of scientific temper, inquiry and creativity.
• [PO5] Digital Literacy: Accelerate learning by using information and communication technologies to access & evaluate relevant information and use of appropriate software / tools for analysis of data.
• [PO6] Analytical & Innovative Ability: Development of an understanding of economic theories and their application to the economic sub-fields to enter into new problem areas.
• [PO7] Ethics: Apply economic principles and research evidence in an ethical manner to enhance individual wellbeing and social development.
• [PO8] Effective Citizenship: Nurture future leaders and problem-solvers to become sensitized global citizens.
• [PO9] Self-directed and Life-long Learning: Inculcate and instill the values of inclusion, develop trade specific skills which enhances sustainability and lifelong learnings.

Program-specific Outcomes

• [PSO.1]. Understanding the basic assumptions in various economic theories and enhance capabilities of developing ideas based on them.
• [PSO.2]. Preparing and motivating students for research studies in Economics, developing questionnaire, collecting primary & secondary data, encourage students to extract or utilize different websites.
• [PSO.3]. Delivering students an in-depth knowledge into special fields of choice like agricultural economics, game theory, monetary economics, environmental economics, development economics, international trade, urban economics, econometrics, mathematical economics, and other upcoming fields.
• [PSO.4]. Better employability through skill building in quantitative research, computation packages, add-on courses, MOOCs, capstone projects and compulsory Internship programme.

Note: The above approved POs and PSOs will be applied for new course handouts applicable as per Course Structure of 2023 as well as with retrospective effect for higher semesters.