MSc Economics Admission 2024: The MSc Economics is a two-year postgraduate program that covers advanced concepts in economics, including microeconomics, macroeconomics, econometrics, and development economics. To be eligible for admission in 2024, you must have a Bachelor’s degree in Economics or a similar field with at least 50% marks. Admission is currently open at top universities, offering various specializations. The application fee generally ranges from INR 500 to INR 1,500, and the total fee of the course can vary between INR 40,000 to INR 1,50,000 depending on the institution. This course prepares students for careers in research, academia, financial institutions, and policymaking.
MSc Economics Admission Important Points:
- Course Full Name: Master of Science in Economics
- About the Course: The MSc Economics program is a postgraduate degree focused on providing advanced knowledge in economic theories and quantitative methods. It helps in enhancing the skills needed to analyze and solve economic issues. It’s ideal for those looking to build a career in research, finance, or public policy.
- Eligibility Criteria: To apply for MSc Economics Admission, you need a Bachelor’s degree in Economics or a related field with 50% marks from a recognized university.Â
- Program Duration: This MSc course will be over in 2 years.
- Course Curriculum: Key subjects include Microeconomics, Macroeconomics, Econometrics, Quantitative Methods, Public Economics, Development Economics, International Economics, Environmental Economics and more.
- Career Opportunities:, you can work as an Economist, Financial Analyst, Policy Analyst, Statistician, or Bank Manager. There are job opportunities in financial institutions, government departments, and private companies.
- Average Salary: After completing this MSc degree, your salary ranges from INR 5 to 12 lakhs per year.
- Approximate Fees: The fee for this master level program varies from INR 30,000 to INR 1,50,000 per year.
MSc Economics Admission Latest Update:
- IMTS Institute: Key subjects include Microeconomics, Econometrics, and Development Economics. Approx. fee: INR 55,000. Last date to apply: 27 September 2024*. (Apply Here)
- William Carey University: Main subjects include Environmental Economics, International Economics, and Public Policy. Approx. fee: INR 70,000. Last date to apply: 28 September 2024*. (Apply Here)Â
MSc Economics Admission Highlights
Important Point | Mentioned Information |
Full Form | Master of Science in Economics |
About the Course | A 2-year postgraduate program divided into four semesters, focusing on Economics. In addition to Microeconomics, Time Series Analysis, Design of Experiments, Macroeconomics, and Econometrics, the curriculum also includes other related subjects. |
Duration | 2 years |
Eligibility | Applicants must have a bachelor’s degree from any stream, preferably in Economics with an average of 60% or better. |
Examinations | DSE, IGIDR Entrance Exam, TISSNET |
Fee | The average Fee is INR 30,000 to INR 1,50,000 per annum. |
Approval | UGC/AICTE |
Job Opportunities | central banking, private sector firms, economic consultancies, government sector banks, SEBI, etc. |
Admission Process | Entrance and direct admission through merit score |
Subjects | Microeconomics, Time series analysis, Macroeconomics, etc. |
Distance Education | Available/Approved |
Admission Date | – |
University | IMTS Institute |
Entrance Exam | – |
Placement | Financial Institutions, Consulting Firms, Government and Public Sector, International Organizations, Research Institutions, Corporate Sector etc. |
MSc Economics Admission 2024
- Admissions to MSc Economics are offered based on the score secured in entrance exams.
- MSc Economics is a PG course in economics that is offered for two years. It offers students a detailed view of the financial and administrative markets while still honing their academic abilities.
- The study of how goods and services are created, delivered, and consumed is known as economics. The MSc in Economics program instructs students on the most up-to-date economic values.
- This course is popular among students who are interested in the global economy and related fields. The MSc Economics syllabus contains the study of Utility theory, Theory of Production, Costs Production function, Price and Output Determination, Oligopoly Models, National Income Circular flow, Investment Functions, etc.
- M.Phil and Ph.D. in Economics are higher studies after completing MSc in Economics.
MSc Economics Admission Eligibility
- Candidates for the MSc Economics program must have a bachelor’s degree in economics or a similar area.
- BSc, BBA, BA, or BBA in Economics are suitable degrees for applying to this PG program.
- Admissions to MSc Economics are entrance exam-based.
- Popular preadmission tests for this course are TISSNET, TSCPGET, and CUCET.
Fее Structure
The average tuition fee charged for MSc Economics is about INR 10K to 60K per year.
MSc Economics Admission Entrance Exams
- Joint Admission Test (JAM)
- GIPE M.Sc. Entrance Test
- GIPE B.Sc Entrance Exam
- IBAB Entrance Test (M.Sc)
MSc Economics Admission Process:
The MSc Economics admission process follows the below steps.
- Application:Â The application form is the initial step for appearing in admissions of MSc Economics. This form will contain the primary and educational data of applicants. Each program aspirant must fill out and submit the application form along with the processing fee.
- MSc Economics Admission Entrance Exams:Â Some institutes may need entrance exam scores to provide admissions in MSc Economics. Some entrance exams for this program are DUET, JNUEE, UOH EE, and MSEEE.
- Interviews:Â After shortlisting in the entrance exam merit list, applicants of MSc will be called for interviews. These interviews will observe their communication skills and interest in economics.
- Merit-Based Selection:Â Merit-based selection of MSc Economics depends on UG degree marks.
- Average Fees: The total average fee for MSc Economics lies between INR 10K to 60K per year.
- Average Salary: MSc Economics professionals earn between INR 3 to 12 Lakhs per annum.
MSc Economics Syllabus
Semester 1 | Semester 2 |
Environment and Economic Development | Game Theory |
Quantitative methods | Economics of Natural Resources |
Macroeconomics | Econometrics |
Microeconomics | Indian Economic Development |
Basic Concepts and Applications | Study of mathematical models of conflict and cooperation between intelligent rational decision-makers |
Mathematical modelling, optimization, game theory, statistics and econometrics. | Economic development of India |
Economics is concerned with large-scale or general economic factors. | Economics is concerned with the use of mathematical methods (especially statistics) in describing economic systems. |
Economics is concerned with single factors and the effects of individual decisions. | – |
Semester 3 | Semester 4 |
Advanced econometrics | Indian agriculture in the global setting |
Trade and the Environment | Ecological economics |
Time series and regression of analysis | Study theory |
Microeconomics II | Address the interdependence and coevolution of human economies and natural ecosystems over time and space. |
Advanced concepts and applications | – |
Basic concepts | – |
Concepts and applications | – |
Advanced concepts | – |
MSc Economics Admission Colleges in India
University Name | State/City | Average Fees P.A |
Tamil Nadu Agricultural University | Tamil Nadu | 55,000 |
XIM University | Bhubaneswar | 2,00,000 |
Jaypee Institute of Information Technology University | Noida | 65,000 |
Guru Jambheshwar University of Science and Technology | Hisar | 48,000 |
SRM University Sikkim | Gangtok | 70,000 |
MSc Economics Job Profiles
There are various Job profiles available for MSc Economics degree holders can work at different profiles:Â
- Statistician
- Bank Manager
- Credit Analyst
- Financial Analyst
- Economist
- Trade Analyst
- Marketing Manager
- Market Access Manager
- Market Research Analyst
- Senior Quantitative Analyst
- Business Development Manager