MSc Economics Admission: Cost, Requirements, Top Universities, and Syllabus

MSc Economics Admission: Cost, Requirements, Top Universities, and Syllabus

Admission to MSc Economics in 2023: The MSc in Economics is a graduate degree in the science field. Advanced training in economic theory and quantitative analysis is available through the MSc degree. The MSc in Economics course equips students with the knowledge necessary to comprehend economic concepts in-depth and to apply them practically in a variety of businesses. There may be entrance exams and prerequisites for bachelor’s degrees in economics or related fields at some universities. The following provides rapid access to correct admission information for this program:

Criteria for Eligibility: From institute to institute, different prerequisites may apply for the MSc in Economics. However, the basic requirements are that the applicant hold a bachelor’s degree in economics or a closely connected field. A few institutions have minimum aggregate UG degree marks requirements of 50%.

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Specialization and Program Options: Through the MSc in Economics, students can choose from a number of specializations and program options. Industrial Economics, Public Policy Economics, Behavioural Economics, PP Economics, and Labor Economics are some of the program’s more well-liked specialities. By aligning their studies with their interests and career objectives, these specializations enable students to delve further into specific economics disciplines.

The following steps are included in the admission procedure for the MSc in Economics.

Application: Submitting an application is the first step in the MSc Economics admissions process. The candidates’ basic and educational information will be on this form. Each applicant for the program must complete the application form and send it in with the processing fee.

Entrance Exams for MSc Economics Admission: Some institutions may require entrance exam results for MSc Economics admission. For this program, you can take the DUET, JNUEE, UOH EE, and MSEEE admission exams.

Interviews: Candidates for the MSc program will be contacted for interviews after being shortlisted in the admission exam merit list. Their ability to communicate and interest in economics will be evaluated during these interviews.

Merit-Based Hiring The UG degree grades are a factor in the MSc Economics selection process.

Average Cost: The entire average cost for an MSc in Economics ranges from INR 10,000 to INR 60,000 annually.

MSc Economics experts make an average salary of INR 3 to 12 lakhs annually.

Highlights of the MSc Economics Admission

Course NameMSc Economics
Admission ProcessMostly Merit-Based, but few colleges take entrance exams of their own
Course LevelPost-graduate
Course ModeRegular/Distance
Full-Form of MSc EconomicsMasters of Science in Economics
Duration2 Years
Average Salary Offered03 to 12 lakhs per annum(LPA)
Average Fees IncurredINR 10K to 60K per year
EligibilityGraduation with honours in Economics.

Admission to MSc Economics 2023

According to the results of the entrance exams, admission to the MSc in Economics program is given.

Two years are allotted for the PG study in economics known as MSc Economics. While still honing their academic skills, it gives students a thorough understanding of the financial and administrative markets.

Economics is the study of the production, distribution, and consumption of goods and services. Students in the MSc in Economics program receive instruction on the latest recent economic principles.

Students that are interested in the global economy and associated subjects frequently take this course. The study of utility theory, the theory of production, the costs production function, price and output determination, oligopoly models, the national income circular flow, investment functions, etc. are all covered in the MSc Economics curriculum.

After earning an MSc in Economics, you can pursue M.Phil. and Ph.D. in Economics.

MSc Economics Qualifications

A bachelor’s degree in economics or a closely related field is required for applicants to the MSc Economics program.

The following degrees are acceptable for applying to this PG program: BSc, BBA, BA in Economics.

MSc Economics admissions are determined via entrance exams.

For this programme, the TISSNET, TSCPGET, and CUCET are common entrance exams.

Admission Fees for MSc in Economics

For an MSc in Economics, the typical annual tuition ranges from INR 10K to INR 60K.

Joint Admission Test (JAM) for MSc Economics Admission

IBAB Entrance Test (M.Sc.) GIPE M.Sc. Entrance Exam GIPE B.Sc. Entrance Exam

Salary for an MS in Economics

The typical compensation for MSc Economics experts ranges from roughly $3 to $12 lakhs per year (LPA). Financial Departments, Educational Institutions, Financial Companies, Audit Departments, Stock Exchanges, etc. are among the employment sectors for MSc Economics graduates.

Jobs for MSc Economics

Holders of an MSc in Economics can choose from a variety of job positions, including:

  • Statistician
  • Bank Manager
  • Credit Analyst
  • Financial Analyst
  • Economist
  • Trade Analyst
  • Marketing Manager
  • Market Access Manager
  • Market Research Analyst
  • Senior Quantitative Analyst
  • Business Development Manager

Different Courses

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MSC Economics is a PG-level, full-time course.


The MSc in Economics is also available online or through distance learning.

Syllabus for Admission to MSc Economics

Semester 1Semester 2
Environment and Economic DevelopmentGame Theory
Quantitative methodsEconomics of Natural Resources
MicroeconomicsIndian Economic Development
Basic Concepts and ApplicationsStudy 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 3Semester 4
Advanced econometricsIndian agriculture in global setting
Trade and the EnvironmentEcological economics
Time series and regression of analysisStudy theory
Microeconomics IIAddress 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

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