Faculty of Economics

M.A. (Economics)


The duration of the Masters program is two years (four semesters). Students need to complete a 64-credit coursework, consisting of 9 core courses and 5 optional courses (each worth 4 credits), and a dissertation (worth 8 credits). The core courses consist of two-course sequences in Microeconomics, Macroeconomics and Development Economics, and one course each on Mathematical Methods in Economics, Statistics and Introductory Econometrics, and South Asian Economic Development.


The sequence of the courses is as follows:


Year I


Semester I

Semester II





Development Economics-I

Development Economics-II

Mathematical Methods in Economics

Statistics and Introductory Econometrics


Year II


Semester III

Semester IV

South Asian Economic Development

Optional Course III

Optional Course I

Optional Course IV

Optional Course II

Optional Course V

M.A. Dissertation

M.A. Dissertation


Optional courses

Spread over Semesters III and IV, students take a total of 5 optional courses (two in the third semester and three in the fourth semester), through which they are introduced to advanced areas in economic theories, techniques and applications, as well as to specialized fields in economic development. Particularly, selection of courses from Economic Development group facilitates the individual student's M.A. dissertation. The following is a tentative list of optional courses to be offered in the program. In any particular semester, only a sub-set of the following courses will be offered depending on availability of faculty and interest of the students. 


Public Economics

Health and Development

Money and Finance

Gender and Development

Economics and Law

South Asian Economic Development

History of Economic Thought

Agriculture and Development

Population Economics

Technology, Innovation and Industrial Development

Advanced Econometrics

Poverty and Inequality

Game Theory

Global Political Economy

International Economics/Trade

Growth and Development

Environmental and Resource Economics

Globalization and Development

Industrial Organization

Natural Resources, Conflict and Development

Economics of Institutions

Economic Development in China and India: A Comparative View

Labour Economics

Governance, Human Security and Development

Advanced Marxian Theory

Urbanization, Migration and Regional Development

Economics of Education and Health

Trade, Capital flows and Development

Topics in Political Economy

Imperialism and the Global South

Financial Economics

Economic History of South Asia

Topics in Monetary Theory

Markets, Institutions and Growth

Topics in Growth Theory

Topics in non-linear Economic Dynamics

Social Choice Theory

Efficiency and Productivity Analysis

Advanced Economic Theory

Topics in Macroeconomics




The work for the MA dissertation is spread over Semester III and Semester IV, and the total dissertation grades are distributed equally between the two semesters. The dissertation is a 10,000-12,000 words research project consisting of original research question(s), an independent and critical review of the relevant literature, and an analytical response to the research questions. The students are assigned a primary and a secondary supervisor in the third semester. In Semester III, the student has to independently think of a research idea and, by the end of the semester, has to defend a research proposal based on the idea. The proposal comprises of a statement and explanation of the research problem, a review of the literature, some preliminary exploration of data to motivate the thesis, and the research methodology. The student has to complete the research, write the dissertation and defend it by the end of the fourth semester.



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