M.A - Economics

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Course Level
Postgraduate
Course Fee
INR 1,59,500
US $ 3,300
Scholarship

A degree in economics from MRIIRS will open the door to various career pathways for the students. Apart from core courses, the department offers some unique courses such as Data Analysis through Computer (Excel and SPSS), Application of Statistical Software (R, LIMPED, STATA and E-Views), Environment & Resource Economics, Behavioral Economics, Public Budget & Fiscal Policy in India, Advanced Econometrics etc. We have a fantastic team of knowledgeable and experienced teachers teaching these courses.

Students are encouraged to apply for various internships or scholarship opportunities, workshops and training programs. We follow a hybrid and innovative teaching pedagogy through live field projects, workshops, action research, case studies, seminars, industry interface and guest lectures from both national and international experts aiming at holistic development of students. In addition to the academic curricula, the department also operates ECOnomads, the economics society of MRIIRS. The departmental is also instrumental in publishing Eco-Bizz, a student-led scholarly magazine.

We lay tremendous stress on the inculcation of ethics, values and good governance skills in the students. Social responsibility and community service form an integral part of our culture.

Eligibility

For 2-Year programme: 45% marks or equivalent CGPA in 3- Year Bachelor Degree in any discipline from a recognized University.

For 1 Year programme: 45% marks or equivalent CGPA in 4-Year Bachelor Degree with Hons./Hons. with Research in any discipline from a recognized University.

Intake

Criteria for Preparation of Merit list

Merit in MRNAT
Merit in Qualifying Exam

Minimum Eligibility Criteria

45% marks in Bachelor Degree in any discipline from a recognized University.

Programme Highlights

Experiential and interactive approach for curriculum delivery

Vedic Mathematics has been included in the curriculum to encourage students to be more creative at problem solving by using more than one method for a particular situation.

Equipped with state-of-the-art Psychological Laboratory and Testing Facilities

Community Service

Social Action Research Centre (SARC)

Field Immersion Projects for better understanding which includes Orientation Programme, Concurrent Field Work, Rural Camp, Block Field Work, and Supportive fields instructions/ Skill Development Workshops.

360-degree coaching & mentoring

Life Skills Training (LiST) to equip students with general self-management skills and social skills

Perfect blend of industry-academia exposure

Trained faculty from different academia and research organizations

Well-equipped library with sufficient number of books

Career Path

After graduating with an economics degree, individuals have a wide range of career paths to explore. Many graduates find themselves well-suited for roles in finance, such as investment banking, financial analysis, or risk management. Others may pursue careers in consulting, where their analytical and problem-solving skills can be applied to help businesses optimize their strategies. Government agencies and international organizations also value economists for their expertise in policy analysis and economic research.

Additionally, some graduates choose to pursue further education, such as a master's or doctoral degree in economics, to deepen their knowledge and open up opportunities in academia or research institutions. Ultimately, an economics degree provides a solid foundation for a diverse range of careers and offers opportunities for growth and advancement in various sectors.

In a nutshell, students can opt for careers in the following areas/places:

Academia-Teaching Profession
Policy Research Institutes & Think Tanks
Banking/Non-banking Financial Institutions
International Organizations
NGOs
Subject Expert/Consultancy
Government Cadre- IES, RBI, Ministry of finance, Department of Economic Affairs, etc.
Corporate Sector

Journalism and Mass Communication
Entrepreneur
Policy Analyst
Data Analyst
Risk Analyst
Financial Analyst
Big Data Analyst
Market Research Analyst

Programme Outcomes (PO’s)

PO1

Gain a firm grasp of knowledge on economics for insight into the complexities, dynamics and challenges of current economic scenarios;

PO2

Comprehend with the empirical applications using relevant quantitative techniques to support contemporary economic arguments;

PO3

Apply analytical framework for economic enquiry and decision-making by appropriate consideration of social and environmental welfare;

PO4

Analyze the economic issues and articulate policy options by engage in reflective and independent thinking;

PO5

Evaluate new economic ideas in life-long process of learning through research and development;

PO6

Model the perspective of economic thought by aiding in disciplinary growth and policy making.

Program Specific Outcomes (PSO’s)

PSO1

Accomplish a deep understanding of core economic principles to relate wide range of real-world issues;

PSO2

Develop analytical aptitude with modern quantitative tools necessary to understand the economic arguments;

PSO3

Instill lifelong learning skills for policy modelling and analysis of factual issues of the economy.

USPs

The department offers a highly creative and enriching course curriculum blended with theoretical and practical aspects of economics. We carefully selected courses that offer diverse issues and also cover various optional elective courses for the students to harness the core skills in the subject. The department also offers various generic, inter-disciplinary and open electives courses from other streams such as management, liberal arts, sociology, and psychology, among others.

We have industry driven curriculum-seeking and incorporating feedbacks from KPMG, Ernst and Young, Infosys, IHC Foundation and ORF Kolkata. In order to strengthen the foundation of applied research, we are in partnership with TERI SAS, TERI, IMPRI, RIS, IIFT, JNU and DSE.

Benefits

Obtaining an economics degree offers numerous benefits and opens up a wide range of opportunities. Firstly, it equips individuals with a strong foundation in economic principles, enabling them to analyze and understand complex market dynamics. This knowledge is highly sought after by employers in various sectors, including finance, consulting, and government.

Additionally, an economics degree develops critical thinking, problem-solving, and quantitative skills, which are transferable to diverse career paths. Graduates with an economics background are often equipped to make informed decisions in business settings, contribute to policy development, and even pursue advanced studies in economics or related fields. Ultimately, an economics degree provides a versatile skill set that can lead to rewarding and intellectually stimulating career options.

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FAQs

We offer three undergraduate, three postgraduate, one postgraduate diploma and two doctoral programs at the School of Behavioral and Social Sciences.

Courses	Duration	Fee (in Rs.)/ Year
B.A. in Liberal Arts	3 Years	1,69,500
B.A. (Hons.) in Political Science	3 Years	1,69,500
B.A. (Hons.) in Sociology	3 Years	1,69,500
M.A. Public Policy and Administration	3 Years	1,59,500
B.A. (Hons.) in Economics	3 Years	1,69,500
B.A. (Hons.) in Applied Psychology	3 Years	1,69,500
M.A. (Hons.) in Economics	2 Years	1,59,500
M.A. in Applied Psychology	2 Years	1,59,500
Masters of Social Work	2 Years	1,59,500
Ph.D. in Psychology, Economics, Social Work	4 years	1,99,500 (including one time payable course fee, registration fee in the first year) 70,000 (thereafter from the second year)

The faculty comprises academic departments and associated research centers as follows:

Department of Applied Psychology
Department of Economics
Department of Social and Political Studies
Center for Liberal Arts and Sciences

SBSS offers discipline specific as well as interdisciplinary programs. The opportunities after obtaining the degrees from different disciplines are as follows:

Economics- Study of economics opens up career opportunities in both the government and private sectors. It provides ample scope and prestigious positions nationally and internationally. Well-trained economists are placed across the government sector including the Indian Economic Service and Reserve Bank of India Officer, corporate firms like TCS/IBM/HSBC and many more, research institutes (National Institute of Public Finance and Policy, National Council of Applied Economic Research, Indian Council for Research on International Economic Relations, and several premier institutes in country under the Indian Council of Social Science Research), international development agencies (UN organizations and World Bank groups), non-governmental organizations, banking/financial sector and several academic institutions. In the job market, there is an increasing demand for economic analysts, researchers and consultants.

Psychology- The students have successful careers in hospitals, clinical settings, working in school and colleges as counselors and also in corporate sectors as trainers and specialists in psychological assessments as well as in higher academic positions.

Social and Political Studies- It aims to develop critical insight among the students to apprise social and political studies using the lense of liberal arts, sciences, political science, sociology, anthropology, public policy and social work. We intend to develop student’s personalities through the inculcation of democratic and humanitarian values along with critical thinking and experiential learning. The pedagogy is structured in a way that strikes a balance between theoretical underpinning with concurrent field work in a social welfare organization, social and political studies. The Department offers placement and internship opportunities with all leading organizations from think tanks, civil society, international and national organizations, donor organizations, banks, consultancies, civil society, academia, central and state government organizations, and the developmental sector.

Candidate needs to fill an on-line form at our website https://apply.manavrachna.edu.in/mriirs-admissions with the prescribed fee. After accepting the form, the university will intimate the candidate about the MRNAT examination date and place. After clearing the MRNAT candidate appears for the group discussion and personal interview. First preference will be given to MRNAT and second preference to marks in qualifying examination.

Courses	Eligibility Criteria
B.A. in Liberal Arts	Pass in 10+2 Examination / Equivalent Examination with at least 45% marks in aggregate in 5 subjects including English as compulsory subject along with 4 subjects with the highest score out of the remaining subjects
B.A. (Hons.) in Economics	Pass in 10+2 Examination / Equivalent Examination with at least 45% marks in aggregate in 5 subjects including English as compulsory subject along with 4 subjects with the highest score out of the remaining subjects
B.A. (Hons.) in Political Science	Pass in 10+2 Examination / Equivalent Examination with at least 45% marks in aggregate in 5 subjects including English as compulsory subject along with 4 subjects with the highest score out of the remaining subjects
B.A. (Hons.) in Sociology	Pass in 10+2 Examination / Equivalent Examination with at least 45% marks in aggregate in 5 subjects including English as compulsory subject along with 4 subjects with the highest score out of the remaining subjects
M.A. Public Policy and Administration	For 2-Year programme: 45% marks or equivalent CGPA in 3- Year Bachelor Degree in any discipline from a recognized University.
B.A. (Hons.) in Applied Psychology	Pass in 10+2 Examination / Equivalent Examination with at least 45% marks in aggregate in 5 subjects including English as compulsory subject along with 4 subjects with the highest score out of the remaining subjects
M.A. in Economics	For 2-Year programme: 45% marks or equivalent CGPA in 3- Year Bachelor Degree in any discipline from a recognized University.
M.A. in Applied Psychology	For 2-Year programme: 45% marks or equivalent CGPA in 3- Year Bachelor Degree in any discipline from a recognized University.
Master of Social Work	For 2-Year programme: 45% marks or equivalent CGPA in 3- Year Bachelor Degree in any discipline from a recognized University.

There is no need to submit original certificates but candidate must produce original certificates/documents on the day of admission for their verifications, failing which candidate shall not be considered for admission. Two sets of self-attested copies of the certificates/documents are required to be submitted at the time of physical counseling. More details may be available in the admission brochure.

We shape our students by the core values of academic freedom, open-mindedness, experimentation, creativity, innovation, dependability , optimism, resilience and service to others by aligning them to the needs of the real world and job market with an orientation to a holistic education being in line with the National Education Policy
Our educational approach is one that focuses on and looks at alternatives for critical contemporary issues , critical thinking, creative learning with experiential pedagogy, prioritizes humanity and culture, ethics and values, gender equality, community service and social responsibility and places collaborative project based experiential learning at the center of the educational experience
We shall enable students to understand, contribute to and succeed in a rapidly changing society with intelligence, sensitivity and concern thus making the world a better and more just place.