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    MA Economics Syllabus & Subjects 2023

    MA Economics Syllabus & Subjects Overview

    Economics is a stream of social science. MA Economics is one of the popular courses in the stream of Arts and Humanities. This post-graduate course lends an opportunity for obtaining higher studies in Economics. The course continues for 2 years. The MA Economics syllabus deals with strong theoretical and numerical skills. The course syllabus is usually prepared by experts. They continuously revise and update the MA Economics course syllabus according to the existing requirements. Both the core and elective courses are offered in the domain of Master of Arts in Economics. The MA Economics subjects are increasing with the emerging domains like insurance, computer applications etc. The objective of the MA Economics course subjects is to give scopes of learning economic theory, methodologies, etc.

    What is learned from this course is immensely useful in economic globalization.  Different expertise like software skills, data analysis skills, writing skills, investigation and analysis, and opinion-making, etc. all are developed through the topics included in the course. The course encourages the students to be involved in research studies and conduct field surveys to get an idea of real work scenarios. If a student dedicatedly learns the subjects, he/she can achieve the ability to confront real-world economic challenges. Bringing the best solutions for practical economic issues will not be a big deal for him.

    MA Economics Year Wise Syllabus (Semester Wise)

    The syllabus of MA Economics is an outline of the course module that includes the topics required to be studied by the students under the guidance of teachers. MA Economics syllabus is divided into 4 semesters. Both the compulsory and optional MA Economics subjects are there in the syllabus. The MA Economics course syllabus may vary across universities and colleges in India. But the core concepts remain the same. If the syllabus of two or more universities is observed minutely, one can find the same concepts there. They may come in different titles. While deciding on the course, students must be informed about the syllabus.  However, all the MA Economics subjects possess different outcomes. Some of the course outcomes are as follows:

    ·    As a course, the Master in Economics program empowers the students with the required skills

    ·    It creates awareness of the Government’s initiatives and policies

    ·    It makes the students familiar with theoretical concepts etc.   

    ·    The course prepares the students for a research career or a career that has jobs through entrepreneurship facilities

    ·    Additionally, through the optional MA Economics course subjects, students get specialized in their preferred subjects  

    The year and semester-wise generic MA Economics course syllabus is mentioned below to give an idea to the students.

    Year -1

    Semester I (Compulsory Papers)Semester II (Compulsory Papers)
    Micro EconomicsOpen-Economy Macroeconomics
    Macro EconomicsGeneral Equilibrium and Welfare Economics
    StatisticsSemester II (Optional Papers)
    Mathematics for EconomicsEconometrics
    Semester I (Optional Papers)Public Economics
    NAFinancial Economics
    -Agricultural Economics

    Year -2

    Semester III (Compulsory Papers)Semester IV (Compulsory Papers)
    Indian Economic PolicyInternational Trade
    Development and Growth TheoryEnvironmental Economics I
    Semester III (Optional Papers)Semester IV (Optional Papers)
    Economics of EducationMonetary Economics
    Time Series AnalysisEnvironmental Economics II
    International Finance and BankingIndustrial Organization
    Quantitative FinanceGames and Information
    Rural EconomicsComputer Application in Economics

    MA Economics Subjects

    MA Economics subjects comprise both the core and optional papers. By studying the MA Economics course subjects students learn about the target topics and gain competency in handling economic-related issues. They learn multiple areas of the economy and how to assess the present economic scenario of a nation on the basis of acquired learning. Some of the key learning benefits are mentioned below:

    ·    The students understand economic growth and development and how to evaluate them

    ·    They comprehend the importance of trade in a nation’s economy, alternative policy and their implementations to address environmental problems

    ·    The course learning enables the students to identify different factors affecting global cooperation used to resolve environmental problems

    ·    Microeconomic and macroeconomic concepts, sequential games, mixed strategies, static optimization etc. will be cleared to them

    ·    Through the course they will know about the structure and characteristics of the Indian agricultural sector

    ·    Competency in handling the mathematical tools, calculation, and application of different techniques in real economic scenarios

    MA Economics Compulsory Subjects

    Listed below are some of the MA Economics subjects taught in the optional papers:


    ·    Theory of Consumer Behaviour

    ·    Theory of Production and Cost

    ·    Market Structure


    ·    Classical Approach, Keynesian Approach and Monetarism

    ·    New Classical Macroeconomics and New Keynesianism

    ·    Imperfect Completion Approach


    ·    Probability and Probability Distributions

    ·    Sampling and Sampling Distributions

    ·    Methods of Statistical inference

    Mathematics for Economics

    ·    Functions and Calculus

    ·    Matrix, Determinant and Differential Equations

    ·    Linear Programming, Game Theory and Input-Output Analysis

    Open-Economy Macroeconomics

    ·    The Open Economy

    ·    Inflation and Unemployment in the Open Economy

    ·    Further Open Economy Topics

    General Equilibrium and Welfare Economics

    ·    Partial Equilibrium and General Equilibrium Analysis

    ·    Social Choice & Welfare

    ·    Market Failure

    Indian Economic Policy

    ·    Development Concept and Issues in Governance

    ·    Sectoral Development and Policy Reforms

    ·    Policy Approaches in Fiscal, Financial and External Sector

    Development and Growth History

    ·    Economic of Growth and Development

    ·    Economic Growth- Theory and Practice

    ·    Poverty, Income Distribution and Justice

    International Trade

    ·    Trade Theories 1 (Classical and Neo-Classical)

    ·    Trade Theories 2 (Modern Theories and Trade Policy)

    ·    India and the World Economy

    Environmental Economic I

    ·    Environmental Economics: Setting and Scope

    ·    Eco-System and Natural Resources

    ·    Environmental Capital—Theory, Practice, and Evaluation

    MA Economics Common Subjects for All Semester

    Economics is a common subject taught in all the semesters of the MA Economics course syllabus. Be it a compulsory subject or an optional subject, the learning is based on Economics and its related factors. Economics as a subject show how people of a nation use the available and rare resources. It also explains how people use those for production and distribution both in individual and collective aspects. It again analyses the role of individuals, Governments and enterprises in dealing with the resources.

    MA Economics Optional Subjects

    MA Economics subjects studied as optional papers are helpful to gain a comprehensive understanding on the subject. Check out the MA Economics course subjects taught as optional papers:

    Optional PapersTopics

    Regression Analysis and Violations of Basic Assumptions

    Regression with Qualitative and Lagged Variables

    Simultaneous Equation Models

    Public Economics

    Public Economics - Concept, Scope, Provisions of Public Goods

    Taxes, Public Expenditure, Debt and Budgeting

    Fiscal Federalism and Fiscal Reforms in India

    Financial Economics

    Financial Markets

    Modern investment Theory

    Financial Derivatives

    Agricultural Economics

    Agriculture and Economic Development-Introduction

    Economics of Agricultural Production

    Issues in India’s Agricultural Development

    Economics of Education

    Economics of Education, Human Development and Economic Development

    Cost Benefit Analysis and Financing of Education

    Problems and Prospects of Education in India

    International Finance and Banking

    The International Monetary and Financial System

    International Financing and Investment Decision

    Financial and Debt Management

    Rural Economics

    Rural Development and Introductory Aspects

    Dimensions of Rural Development in India

    Programmes/ Strategies of Rural Development

    Monetary Economics

    Demand for Money

    Supply of Money

    Monetary Management and Monetary Policy

    Environmental Economics

    Modeling Environment: Non-Market Valuation Techniques

    Environmental Issues and Legislation in India

    Global Environmental Issues and Governance

    Industrial Organization

    Oligopoly: Homogeneous and Differentiated Product Market Structure

    Economics of R& D Licencing & Innovations

    Barriers to Entry and Exit and Network Externalities

    Syllabus for MA Economics Distance Programs

    The method of teaching in MA Economics distance education is quite different from the teaching followed in conventional universities. The education system followed in distance education is more student-oriented. The time and duration for the course are set up as per the students’ requirements. Usually, the universities providing distance education follow a multi-dimensional approach to teaching. They use print material, assignments, audio-visual material etc, to provide the required learning to the students. Though the students are taught through the distance mode, but universities conduct face-to-face interaction based on requirements.

    A notable advantage of the MA Economics distance education is that it offers flexibility in terms of duration and openness for course completion. The course duration is 2 years which can be extended up to 5 years as required. The course duration varies for different distance-learning universities. The MA Economics course syllabus for the distance program is designed according to the instructions and suggestions of the experts. A student can complete the MA Economics syllabus for the distance program within 2 years if studied in a systematic manner. The course structure includes the MA Economics course subjects and assignments. Study materials provided by the universities offer great help in studying the MA Economics subjects. One can complete the assignments based on the learning of these study materials as well.

    The table below details the subjects of the MA Economics syllabus studied in distance education. This is a generic syllabus of the Master of Economics course followed in the distance mode of learning. One can take an idea from the information provided below:

    1st Year Compulsory Papers2nd Year Compulsory Papers
    Microeconomic AnalysisPublic Economics
    Macroeconomic Analysis Quantitative Methods for Economic AnalysisEconomics of Social Sector and Environment
    Economics of Growth and Development

    Research Methods in Economics

    Indian Economic PolicyInternational Trade and Finance
                                                      2nd Year Optional Papers
    Econometric MethodsFinancial Institutions and Markets
    Gender Issues in work employment and ProductivityWomen in the Economy
    Development: Issues and Prospective

    Project Work

    MA Economics Entrance Exam Syllabus

    The aspirants for MA Economics need to be informed about the entrance exam syllabus. The entrance exams for PG-level Economics are done to check whether the applicants have the required potential for the course. Discussed below are some of the MA Economics entrance exams and their syllabus:

    CUET PG Exam : One of the major national-level entrance exams for MA Economics is the CUET PG exam. This exam is conducted by NTA for admission to the postgraduate programs of different central universities in India. The MA Economics syllabus for the entrance exam in CUET PG is as follows:

    Micro EconomicsMacro Economics
    Money and InflationConsumption and Investment Function
    Statistical Methods in EconomicsMathematical Methods in Economics
    Indian EconomyOverview of the colonial economy

    The students who appear in this exam have to be prepared for Part A and Part B. Part A consist of 25 questions made from General Awareness, Comprehension, Quantitative, Aptitude, Language Comprehension, Analytical Skills, etc. Part B contains 75 domain-related questions. To well score in the exam, students need to cover all the MA Economics subjects included in the assigned syllabus of the exam.

    TS CPGET Exam: Another important exam for MA Economics is the TS CPGET Exam conducted by Osmania University. Through this exam, the students are offered admission to MA Applied Economics course. The syllabus of the exam is tabled below:

    Part AMathematics (School Level)
    Part BGeneral English (School Level)
    Part CGeneral Knowledge (Intermediate Level)
    Part DCurrent Affairs (Intermediate Level )
    Part EGeneral Economic Problems and Concepts (Intermediate Level)

    AU PGAT Exam:  MA Economics syllabus for Allahabad University PGAT entrance test is as follows:

    Measures of DispersionMacro Economics
    National IncomeTheory of Employment
    Development and PlanningMoney and Public Finance
    Economic AnalysisInternational Economics
    India’s Economic Policy-

    MA Economics Important Books

    Books are a reliable means of recognizing and understanding different areas of a subject. The same holds true for MA Economics books. The books are available for most of the MA Economics course subjects. They are invaluable as they explain the topics in depth. To illustrate any concepts, the writers include graphs, charts, tables, etc. These illustrative materials help the students to grasp the learning in a better way.  With the help of these books, the students get familiarized with the core concepts as well as different terminologies used in the field. The researcher and experts effectively scan the learning requirements of the students and prepare these books accordingly. Apart from providing an understanding of the concepts, they also give some ideas for future research. And thus, the MA Economics books become helpful for students who possess an interest in research studies for the future.

    The list below shows the names and authors of some Economics books that the students can take help from to understand any of the MA Economics subjects:

    Name of BooksAuthors
    Principles of Mathematical EconomicsShapoor Vali
    Macroeconomic AnalysisEdward Shapiro
    Fundamentals of Farm Business ManagementKapur and Johl
    Advanced MacroeconomicsRomer, David
    MacroeconomicsMankiw, N. Gregory
    Advanced Microeconomic TheoryJehle & Renne
    The Structure of Economics: A Mathematical AnalysisSilberberg E
    Microeconomic AnalysisVarian, Hall R
    Introduction to Mathematical EconomicsDowling, Edward T

    Fundamental Methods of Mathematical


    A.C. Chiang and Kevin Wainwright
    India’s Economic Reforms and DevelopmentAhluwalia. I.J. and I.M.D Little
    The Political Economy of Development in IndiaBardhan. P.K
    Second Generation Economic Reforms in IndiaDutt. R.
    Industrial Growth in IndiaAhluwalia. I.J
    Development Planning: the Indian ExperienceChakravarti, S
    Alternative Approaches to A Theory of Economic GrowthChakravarti, S
    Growth EconomicsSen, A.K
    Growth and DevelopmentThirawall
    International Trade Theory & Policy AnalysisSuranovic Steven M
    The Indian Economy: Problems and ProspectsBimal Jalan

    MA Economics Course Structure

    The MA Economics course structure is formulated in a pattern that helps the students gain a sound understanding of the theoretical concepts of Economics and its related areas. The MA Economics course syllabus is segregated into numerous sections. It includes topics and each topic usually comes under a unit title. Classical Macroeconomics, neo-classical macroeconomics, methods of statistical inference, linear Programming, Game Theory, and Input-Output Analysis are some of the topics covered in the MA Economics syllabus. This semester-based course structure has certain objectives. And the basic goal is to make the students acquainted with those topics in an in-depth manner. Thus, they achieve a strong understanding and competency in those concepts. The combined form of core and optional courses provides a practical approach to the entire course format. Studying the compulsory papers is mandatory while the students are allowed to choose optional papers as per their interests. To support the course structure, universities and colleges execute different teaching pedagogies like lecture-based teaching, conceptualized learning, internships, projects, group projects, seminars, etc. The course structure targets to provide an overall understanding along with industry experience. By following the format, students develop the required competency and expand their knowledge of key areas of Economics in an easy manner.

    The list below shows a brief of the MA Economics course structure:

    ·    Four Semesters

    ·    Core Subjects

    ·    Optional Subjects

    ·    Projects

    FAQs about M.A. in Economics Syllabus

    Is MA Economics good for the future?

    Yes, MA Economics is certainly good for future as it offers some high paying jobs in Government and private sectors.

    How many papers are there in MA Economics?

    According to DSE ( Delhi School of Economics), there are six core papers and nine optional papers in MA Economics course.

    What percentage is good in MA Economics?

    If someone wants to pursue a B.Ed degree after Economics then for them having 50% and more will be a good percentage. However, a minimum 55% is required for applying for PhD degree.

    Is MA Economics first year Tough?

    MA economics first year is not tough for the students who enroll to the Master course for learning purpose. They will deal first year of MA Economics course with interest and dedication

    What are the subjects in MA Economics 1st year?

    Micro Economics, Open-Economy Macroeconomics, Macro Economics, General Equilibrium and Welfare Economics Statistics , Mathematics for Economics, Public Economics, Financial Economics, Agricultural Economics, Econometrics are the subjects taught in the MA Economics 1st year. However, these subjects are not fixed for all universities. It may vary across the universities offering the MA Economics course.
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    Related Questions


    priyal gogna, Student / Alumni

    Hi there, LPU conducts its own entrance exam LPUNEST. The syllabus of MSc Economics, dates, sample papers etc are given on LPUNEST website. You click on the website and get all the information that you want.

    ravi tippanna kottalagi, Student / Alumni

    MA entrance exam last date

    Avtar, Student / Alumni

    I am not quite aware whether Brainware University Kolkata offer masters in Economics or not but I would like to bring to your attention that Economics is defined as the study of production, distribution, and consumption of goods and services in a respective economy. The study of economics is crucial in commercial aspects as all the industries and firms that are operating in the market require an economic expert to design their future policies and plans in a manner that are in sync with changing market dynamics. M.Sc. Economic Hons. course is aimed at providing the analytical and conceptual understanding of the subject to bachelor’s level students so, that they are able to apply this knowledge practically. The course structure and design are such that the students pursuing the course are taught about all the aspects of the subjects in a gradual and progressive manner. M.Sc. Economic Hons. is a two year undergraduate with specialization in Economics and its related aspects. The course is divided into 4 semesters over a period of three years with each year comprising of two semesters. Lovely Professional University has around 25000+ Students across the campus in different professional Schools. Life at University isn’t just about studying and hard work, it’s about balance. LPU's infrastructure is one of the biggest & best in the World. LPU is not only the largest university of the country but also the university with the most diverse student population. Learning in LPU will make you a truly global citizen. The university has experienced, specialized and well qualified faculty members. Faculty members are invited by the International Universities for the seminars and conferences of International level. It is fully secured campus. There are separate blocks and buildings for every stream, and very peaceful environment is there in the campus. Every area of the classroom is well air-conditioned, and labs are well-equipped with modern technology. LPU has rankings: • LPU has been recognized as Top Private University in terms of “Academic Reputation” by Digital Learning. • LPU is acknowledged as best education brand 2017 By Economic Times for its record-breaking tie-ups and collaboratins. • LPU’s infrastructure has received A++ rating in a survey conducted by Financial Express measuring universities on the parameter of infrastructure. • Digital Learning ranked LPU as No. 1 in North Zone on the basis of infrastructure, Faculty, Global Collaboration, Placement, Industry Interface and Entrepreneurship. • LPU is ranked among Top 10 Universities in Terms of Placements by “Business and Management Chronicle.” • Prominent Magazine CSR (Competition Success Review) conferred “Top Institutes of India” Award to LPU during Excellence Awards Ceremony 2018. • Leading Punjab on pathway to becoming the technology hub of the nation, LPU has been ranked as the Leading Technology Adopter by renowned electronics magazine “Electronics For You”. • LPU is ranked NO. 2 among Indian B-schools in ‘Outreach and Inclusivity’ by NIRF 2018 ranking released by MHRD, Government of India.

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