M.Sc in Economics Syllabus, Distance Learning and Scope

MSc. in Economics (Master of Sciences in Economics) is a 2-year postgraduate degree program offered by numerous institutes for specialization in Economics field. Candidates who have bachelorette degree in subjects like physics, mathematics, commerce etc. can apply for this course. The course is divided into 4 semesters.

The admission process this course may vary from institute to institute. Institute of Distance and Open Learning, Guwahati offers M.Sc. in Economics distance learning. The candidate must have passed a bachelorette degree under any discipline with minimum 50% marks in aggregate.

Upon completion of M.Sc. in Economics course candidates can be employed as economists in various sectors of economy such as central banking, international organizations or private sector firms such as economic consultancies. Government employment opportunities are also available. The average salary for a post graduate in Economics is INR 5,00,000 to 6,00,000 per annum.

What is MSc. in Economics all about?

Master of Science in Economics is a program intended to equip the candidates with the main tools of the professional economist. This course is about providing the students a guide towards the rigorous study of economy. It helps understand the various factors that affect the economy and apply those concepts to the real world. It comprises of training in economic theory, econometrics and applied economics.

Who should opt for MSc. in Economics?

Anyone who wishes to gain an extensive knowledge in economics along with proper application tools should opt for this course. The course is especially beneficial for those who want to pursue a Ph.D. It is apt for the candidates having good problem solving skills, analytical skills and decision making skills.

Duration of MSc. in Economics

Generally, Master of Science in Economics is a 2-year program consisting two semesters per year. Examinations are held at the end of each semester. The specialization courses also require two years for completion.

Top Institutes offering MSc. Economics India

A number of good colleges provide Master of Science in Economics, few of them are listed below:

MSc. in Economics Eligibility Criteria

The candidate applying must have completed a bachelorette degree course under any discipline with minimum 50%. Degree holders in subjects such as Physics, Mathematics, Economics as well as engineering grads can apply for this course. Along with the above criteria some of the institutes such as IGIDR admit students on the basis of their performance in entrance examinations.

MSc. in Economics Admission Process

Each college has a different criterion for admission in. Few of the colleges conduct their own entrance examination. Information about admission in few of the colleges is given below:

Direct Admission

Direct admission through management quota is also available in almost all the private colleges. Government engineering colleges do not provide direct admission since management quota is not available.

Lateral Entry

Lateral entry is not available for M.Sc. in Economics course.

MSc. Economics Distance Learning

Institute of Distance and Open Learning, Guwahati provides a distance learning program for M.Sc. in Economics in India. It is a 2-year course providing training in economic theory with practical exposure to the field of finance through a variety of specialized options.

Aside from this, a number of international universities provide online programs for M.S. in Economics:

1. Purdue University (M.S.)
2. West Texas A&M University (M.S. in Economics)
3. University of North Dakota (M.S. Financial Economics)
4. University of Wisconsin Whitewater (M.S. Applied Economics)

MSc. Economics Career Prospects

For candidates completing M.Sc. in Economics, a number of opportunities are awaiting in wide range of fields related to economics. Various industries like economic forecasting firms, data analytics companies, Public Sector units such as TERI, FICCI, NCAER, RBI etc provide employment opportunities. If you are interested in research side of economics, you can continue study and apply for a Ph.D.

MSc in Economics Salary

M.S. in Economics will give candidate an opportunity to play a crucial role in the sectors they are employed. Thus, the demand for economics postgrads never ceases.

MSc. Economics Syllabus

The 2-year course M.S. in Economics consists of total four semesters. Generalized course format is given below. Of course, the structure may vary from college to college.

The course requires the candidates to submit a thesis proposal at the start of third semester. The master’s thesis must be completed and presented at the end of fourth semester.

Aspirants seeking admission to 2 years Full-time M.Sc Program should meet the following criteria as specified by the institute.
Academic Requirement:

• B.A./B.Sc. (in the 10+2+3 pattern) with major/honors course in the concerned subject.
• B.A./B.Sc.(in the 10+2+3 pattern) with general/pass course with at least 45% marks in the concerned subject as well as in aggregate or equivalent CGPA.

Note: 45% marks is to be calculated on the basis of marks obtained in Part-I and Part-II of the (2+1) pattern/ Part-I, Part-II and Part-III of the (1+1+1) pattern.