MA Economics Syllabus

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MA Economics Syllabus

Often graduates of the Economics field are perplexed about which course to pursue after completing their graduation. One such prominent option would be MA Economics. By earning this degree, you will become an expert with advanced knowledge of a domain that will never fade away. In every sector or department, economics plays a pivotal role. Thus, by securing the right degree in the field you can establish a flourishing career in the industry. Are you sceptical about what MA Economics offers as a course? Then, you have landed on the right page as we aim to highlight the MA Economics syllabus through our blog. 

MA Economics Syllabus Distribution

As you know that MA Economics is a two-year course which is divided into four semesters, thus, we will cover the syllabus of all four semesters as students have to undergo separate examinations to qualify each one of them. Mentioned below is the semester-wise bifurcation of the syllabus: 

Semester 1

The first semester of the first year aims to brush up on your previously acquired knowledge in economics. It will present you with a variety of subjects that you may be familiar with at an advanced level. Mentioned below are the major subjects for Semester 1:

Microeconomics – IMacroeconomics- IIQuantitative Methods in EconomicsInternational economics
-Theory of Consumer Behaviour-National Income-Differential and Difference Equations-Terms of Trade
-Theory of Production and Cost-Classical Theory of Output and Employment-Differentiation and Integration-Theories of International Trade
-Price Output Under Perfect Competition and Monopoly-Theories of Consumption-Linear Programming-Balance of Payments and Adjustments
-Ask Price-Output Under Monopolistic Competition and Oligopoly-Keynesian Theory of Income Determination-Linear Algebra-Collapse of Bretton Woods System and Emergence of International Monetary System 

Are you sure you know the difference between macro and micro Economics?

Semester 2 – MA Economics Syllabus

The second semester is the final ladder that you have to climb to qualify for the first year of your course. Just as your previous semester this one will also familiarise you with a bunch of economics subjects. Here are the prominent subjects which you will study in the second semester.

Microeconomics – IIMacroeconomics – IIEconomics for Development and PlanningQuantitative Methods in Economics- II 
-Marginalist Controversy and Average Cost PricingBusiness cycle theoriesDevelopment theoriesIndex number
-Collusive Oligopoly and Theory of GamesTheories of investmentEconomic developmentCorrelation and regression
Factor of pricing and economic distributionInflation and unemploymentImportance of institutionsElementary concept of random variable
General Equilibrium and welfare economicsMacroeconomic policiesInvestment criteria and choice of techniquesSampling

MA Economics Syllabus 3rd Semester

As soon as you step into the 3rd semester, it will open up a gateway into newer subfields of Economics. As you will be in the second year of your course, you will have to select a specialisation. your core structure from now onwards would be centric as per your chosen specialisation. The list of courses available for specialisation varies from one university to another, however, tabulated below are some common subjects for Semester 3:

Basic economic tricksPublic FinanceResearch methods in economics
Linear regression model problem of estimationPublic Expenditure and Public FinanceResearch Methodology
Relaxation of assumptions of c l r mPublic debtSources data
Extension of regression modelsPublic revenueQualitative quantitative and mixed methods of data analysis
Basics of time series and dynamics modelsFederal FinanceUse of computers in research

Must Read: Career in Financial Economics

Semester 4 

In your final semester, you will be studying multiple subjects. Also, you will be asked to submit a thesis based on your specialisation. Once you clear this semester, you are all set to conquer the world as a graduate in the field of Economics. Here are some vital subjects that are part:

Advanced econometric theory and applicationsInternational trade and investmentRural economics
Limited dependent variable modelsConceptualization of tradeApproaches to understanding rural development
Time series and econometric modellingRegional integrationRural economy
ApplicationsEmerging patterns of tradePlanning for rural development
Panel data modellingInvestment and developmentRural entrepreneurship

MA Economics Subjects


  • Theory of Consumer Behaviour
  • Theory of Production and Cost
  • Market Structure


  • Probability and Probability Distributions
  • Sampling and Sampling Distributions
  • Methods of Statistical Inference

Open-Economy Macroeconomics

  • The Open Economy
  • Inflation and Unemployment in the Open Economy
  • Further Open Economy Topics


  • Classical Approach, Keynesian Approach and Monetarism
  • New Classical Macroeconomics and New Keynesianism
  • Imperfect Completion Approach

Mathematics for Economics

  • Functions and Calculus
  • Matrix, Determinant and Differential Equations
  • Linear Programming, Game Theory and Input-Output Analysis

General Equilibrium and Welfare Economics

  • Partial Equilibrium and General Equilibrium Analysis
  • Social Choice & Welfare
  • Market Failure

Development and Growth History

  • Economic of Growth and Development
  • Economic Growth- Theory and Practice
  • Poverty, Income Distribution and Justice

Indian Economic Policy

  • Development Concept and Issues in Governance
  • Sectoral Development and Policy Reforms
  • Policy Approaches in Fiscal, Financial and External Sector

Environmental Economic I

  • Environmental Economics: Setting and Scope
  • Eco-System and Natural Resources
  • Environmental Capital—Theory, Practice, and Evaluation

International Trade

  • Trade Theories 1 (Classical and Neo-Classical)
  • Trade Theories 2 (Modern Theories and Trade Policy)
  • India and the World Economy

Top 10 Universities Offering MA Economics

Here are some of the topmost institutions that offer MA economics and its variant programmes.


What are the subjects in MA Economics first year?

The 1st year MA Economics syllabus includes subjects like Microeconomics, International Finance, Macroeconomics, Quantitative Theory and Methods, Econometrics, and more.

Who can take MA Economics?

10+2 in any stream from a recognised board of education with aggregate marks of at least 50%. You must also have a bachelor’s degree in economics or another relevant field of study like BA Economics or BSc Economics, with the minimum marks required by the university.

How difficult is MA Economics?

It isn’t all that difficult. You only need to focus on Calculus Basics and have a comprehensive understanding of it. When you are proficient in Differentiation, Integration, and other areas of calculus, applied mathematics in Economics becomes easier to grasp.

Thus, we hope that through this blog elucidating MA Economics subjects & syllabus, you are now familiar with what it entails. In a broad field like economics, there are a variety of master’s courses which one can pursue. Get in touch with our Leverage Edu experts and they help you shortlist the course that matches best your career goals along with the ideal university for it. Hurry up! Book an e-meeting. 

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