Course Description :

The M.A. in Economics is a two-year full-time programme. The course is organized over two years, each year consisting of two semesters - the summer semester and the winter semester. Each student has to complete within a period of four years the programme of study consisting of fifteen courses out of which six are core courses - compulsory for all students - and nine are elective courses. Each of these courses, except the dissertation course, will carry 100 marks. The dissertation course, which will be equivalent to two courses, will carry 200 marks. Since 1999-2001, the department has adopted a revised syllabus in the M.A. programme, which reflects new developments in the discipline as well as makes the course more closely oriented towards the professional employment market in India.

Besides introducing courses in newer areas and modernizing existing courses where necessary, the new package contains a strong quantitative component in which all the students of the programme are trained in the use of computers, as well as statistical and econometric packages. Also, students can opt for electives in the quantitative genre where they learn fairly advanced computer applications and packages, which they can use later in their professional careers in academia, research institutions, government, and industry. The new syllabus offers students a flexible specialization package. A large number of elective courses are offered as part of this package. It is envisaged that students will have the maximum opportunity to pursue their own interests and chosen fields of specialization. While no formal streaming of students is envisaged, formal and informal counseling and examples of successful practice may be expected to inform students of the possibility of three broad streams (a) economic theory, (b) quantitative methods, and © economic applications involving both theory and quantitative methods. While all three streams will equip students for higher studies and training in economics, and for employment in academia, the latter two streams are more likely to be popular among students looking for careers in government, research institutions, industry, the financial services sector and the media. The diversity available within the overall package and the need to deliver flexible specialization skills both necessitate a semester-based programme. This, and - internal assessment in all the courses, are the other major components of the new syllabus.

 

I-Year

Summer Semester
I Microeconomic Theory
II Introductory Mathematical Economics
III Introductory Econometrics First Year - Winter Semester
IV Macroeconomic Theory 005 Comparative Development

II-Year

Summer Semester
VI Economic Development and Policy in India In addition to the above six core courses, each student will select nine elective courses from the set of elective courses offered by the Department. The Department at the beginning of each semester will announce the list of elective courses on offer. A student is expected to register for the elective courses over a period of three semesters starting from the winter semester in the first year. The proposed elective courses have been grouped into nine categories, including a ‘general’ category. The elective courses are listed below:

 

Microeconomics

Macroeconomics

Economic History

Econometric Methods and Applications

Finance: Theory, Institutions and Modeling

Public Policy: Theory and Institutions

Development Economics

Industrial and Agricultural Economics

General