What is MA Economics: Full Form, Course Duration, Admission 2025, Colleges, Salary & Scope

Updated on May 12, 2025 12:27 IST

MA Economics full form is Master of Arts in Economics. MA Economics is a 2-year PG academic degree which involves the study of how society uses its finite resources. It is the study of patterns in the production and consumption to make predictions and assumptions about future trends and practices. 

MA Economics courses can be pursued as a regular, full-time degree, online or from distance/correspondence modes. An MA Economics degree teaches students about various branches of economics such as Macroeconomics, Microeconomics, International Economics, and Business Economics, etc.

The MA Economics eligibility criteria is to complete graduation in BA Economics or a relevant discipline with at least 50% aggregate score from a recognized university. MA Economics admission is done through both merit and entrance procedures. Some popular MA Economics entrance exams include CUET PG, IIT JAM, GATE, etc. 

There are numerous MA Economics career options for candidates after completing their graduation. Students can choose to continue their education and also pursue a PhD in Economics. Some popular MA economics jobs are Financial Analyst, Investment Banker, Policy Analyst, Business Strategist, Teacher, etc.

The average MA Economics salary in India is INR 4-6 LPA. 

Interested candidates can continue reading the article for more MA Economics course details.

MA Economics Course Details: Highlights 

Students interested in pursuing an MA Economics course can take a look at the table given below for some of the core details such as eligiblity, admission, exams, colleges, etc.:

Particulars

Details

Course Name

MA Economics 

MA Economics Course Level

PG

MA Economics Courses Duration

2 Years

MA Economics Eligibility Criteria

Should have graduated from a recognized university and secured a minimum of 50%.

MA Economics Entrance Exams

CUET PG, IIT JAM, GATE, etc.

MA Economics Colleges in India

Delhi University, Loyola College, Madras Christian College, Mithibai College of Arts, St. Joseph’s University, Mount Carmel College, etc.

MA Economics Fees

INR 20,000 to INR 1.5 Lakh

MA Economics Distance Learning Institutes

IGNOU, Tamil Nadu Open University, School of Open Learning, University of Delhi

 

MA Economics Job Profiles

Teacher, Financial Analyst, Investment Banker, Policy Analyst, Business Strategist, etc.

MA Economics Top Recruiters

KPMG, The Economist, World Bank, IMF, CRISIL

MA Economics Salary in India

INR 4-6 LPA

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Q:   What is M.A Economics course?
A:

MA Economics is a master’s degree in Arts offered with Economics as a specialization. It can be completed in 2 years. The course equips students to comprehend fundamental concepts of advanced Economics topics such as Econometrics.

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Q:   What is economics all about?
A:
Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: goods are scarce and that society must use its resources efficiently.
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Q:   What is the MA Economics course duration?
A:

MA Economics courses are 2-year degrees, which are pursued by students who have completed their undergraduate. MA in Economics is a post-graduate degree. Students who wish to study subjects like microeconomics, macroeconomics and the fundamentals of how finances work, should pursue this degree.

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Table of content
  • MA Economics Eligibility Criteria
  • MA Economics Admission 2025
  • MA Economics Entrance Exams 2025
  • Types of MA Economics Courses
  • MA Economics Syllabus 2025
  • Best MA Economics Colleges in India
  • Popular Private MA Economics Colleges in India
  • MA Economics Career Scope: Job Profiles, Salary and Top Recruiters
  • MA Economics Courses FAQs: 2025
  • Popular MA Economics Specializations
  • Course Cutoffs
View More

MA Economics Eligibility Criteria

The eligibility criteria for the MA Economics course can be different for different colleges, but you can take an idea of the requirements from the table below. 

MA Economics Course Eligibility Criteria

Details

Academic Qualifications for the MA Economics Course

The candidates should have completed a bachelor’s degree in Economics, or preferably, in a related course, though many colleges allow students from all disciplines to pursue an MA in Economics.

Marks Criteria for  MA Economics Course

The candidates should have secured at least 50% marks in graduation.

Appearing or Passed Criteria for the MA Economics Course

  • Candidates who have already completed graduation can apply for the course.
  • Those in the final year of graduation can also apply for the course.

Age Limit for MA Economics

There is no age limit prescribed as such.

Disclaimer: This info. is taken from the official website and may differ.

 

Q:   Can I pursue M.A Economics after B.Sc Economics?
A:

Yes, you can pursue MA Economics after completing BSc Economics. This is because BSc Economics course covers all the fundamental concepts of Economics courses that you will be expected to have to pursue MA Economics course. It is not necessary that you should have completed BA Economics to apply for MA Economics course.

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Q:   What is the eligibility for MA Economics courses?
A:

MA Economics courses eligibility differs according to the institute at which it is being pursued. Most colleges require that the students should have completed their under graduation in any subject. However, many institutes only accept students who have completed their UG degree in Economics (BA or BSc) or in a related field. The minimum eligibility for an MA Economics includes at least a 45% aggregate score in UG. 

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MA Economics Admission 2025

Admission to MA Economics courses will differ from college to college, but here is a general overview of the steps that a student will have to follow to get admitted to MA Economics courses:

1. Check the college requirements and fulfil .

2. Appear for national/state-level entrance tests.

3. Application Form - Submit applications to  MA Economics colleges/universities with required documents.

4. Counseling - Attend the counselling session.

Note - The admission process may vary from university to university.

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Q:   What are the documents required for MA Economics course admission?
A:

Hi! There are some documents that students need to submit to colleges, along with their online application fees. Generally, colleges ask students for one/two photo ID documents like Aadhaar Card, PAN Card, Voter ID, Driver's Licence, etc. 

They also require class X, XII and undergraduate degree marksheet to verify the academic record of the students, based on which admission is granted. 

Other documents that colleges generally ask for is entrance exam result, passport size photographs and transfer/migration certificates.

Hope this helps you!

Q:   How can I get MA Economics admission to IGNOU?
A:

MA Economics admission to IGNOU is just like the admission process to any other college.

Students must make sure that they qualify the eligibility criteria for MA Economics IGNOU admission. They can fill up the online application form and submit the required documents along with a nominal admission fees. 

IGNOU selects students based on merit. After they release the list of the selected students, they only have to pay the admission fees to confirm their admission. Any futher instructions are communicated to the students through the offcial website of IGNOU or through emails.

Best of luck!

MA Economics Entrance Exams 2025

Admission to the MA Economics course can be obtained through entrance exams. Check here.

Entrance Exam Dates

Entrance Exam Schedule

13 March - 1 Apr ‘25

CUET PG Exam Date 2025

Conducted in Feb ‘25

IIT JAM Exam Date 2025

Conducted in Feb ‘25

GATE Exam Date 2025

Note - This information is gathered from the official websites of the exam.

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Sep ' 25 - Jan ' 26

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Jan ' 26

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Feb ' 26 - Apr ' 26

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Mar ' 26

PUBDET 2026 Applications

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Apr ' 26

IPU CET 2026 Release of Admit Card

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12 Jul ' 25

URAT PG 2025 Second Merit List

11 Jul ' 25 - 18 Jul ' 25

URAT PG 2025 Merit Based Application

08 Jul ' 25 - 11 Jul ' 25

URAT PG 2025 Document Verification & Fee Payment for Admission

Q:   Can I secure admission in M.A Economics course without any appearing in any entrance exams?
A:

Yes, candidates can secure admission to MA Economics course without appearing for or qualifying for an entrance exam, though many reputed colleges offer admission through entrance exams. Many private institutes conduct their own admission tests to select candidates. They also offer admission based on merit. Candidates can opt for MA Economics in distance mode through direct admission.

Q:   What is CUET PG examination structure?
A:

The following table brings the structure of the expected CUET PG question paper.

Part

Sections/Subjects

Number of Questions

A

Language Comprehension/Verbal Ability, General Test (GK, QA, Analytical Skills)

25

B

Domain knowledge

75

Candidates must note that the Language Comprehension/Verbal Ability section is compulsory. The General Test also has to be taken by candidates opting for all test papers except Education (PGQP01).

Types of MA Economics Courses

MA Economics courses are offered in many types. You can choose the mode based on your interest. See some types of MA Economics courses with details:

Types of MA Economics Courses

MA Economics Course Details

Full-Time MA Economics Courses

Regular or full-time MA Economics courses are among the most popular options opted by students. Students attend the lectures and seminars in the college premises. It aids students in their holistic development. There is a lot of scope for extracurricular activities at the college or inter-college level.

Distance MA Economics Courses

The students do not attend regular college in the Distance mode of MA Economics courses. They receive study materials and get access to the student portal. They would only have to appear in person for seminars and final examinations.

Online MA Economics Courses

An Online MA Economics Programme can be pursued by candidates who wish to pursue MA Economics courses without attending regular college or appearing for offline exams. The admission process, lecture delivery, submission of assignments, and semester exams are conducted online.

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Q:   Which colleges offer M.A Economics course in distance mode?
A:

Given below are some colleges in India that offer MA Economics in distance mode of education:

MA Economics Distance College

MA Economics Distance College Fees (in INR)

Institute - Indira Gandhi National Open University

17.6 K

Institute of Distance and Open Learning, University of Mumbai

16.26 K

Institute of Distance Education, University of Madras

13.35 K

NSOU - Netaji Subhas Open University

7.6 K

Andhra University, Visakhapatnam

10.4 K

Nalanda Open University - NOU

11.2 K

Shivaji University

3.17 K

Madhya Pradesh Bhoj Open University

18 K

Q:   Are there any M.A Economics courses offered in online mode?
A:

Yes, an MA Economics course is offered in online mode as well by various colleges, universities and online learning platforms.

Given below are online courses of MA Economics and related courses along with the course provider, course duration and fees:

MA Economics Online Courses

Course Provider

Course Duration

Course Fee (in INR)

MA in Economics

Jain Deemed-to-be University

24 months

90,000

MA in Economics

Online Dr. M.G.R. Educational and Research Institute

24 months

1.00 Lakh

Online MA in Economics

George Mason University

18 months

21,300

Real Estate Economics and Finance

London School of Economics

8 weeks

2.24 Lakh

MSc in Health Economics and Policy

Lancaster University

24 months

12.03 Lakh

MA Economics Syllabus 2025

The curriculum of an MA Economics degree is vast and well-structured to include texts from different eras. The general MA Economics course syllabus has been mentioned below:

MA Economics Syllabus Semester 1

Microeconomic Theory

Mathematics for Economics

Public Economics

Macroeconomic Theory

MA Economics Syllabus Semester 2

Monetary Economics

International Economics

Statistics

Indian Economy

MA Economics Syllabus Semester 3

Environmental Economics

Population Economics

Financial Economics

Basic Issues of the Indian Economy

MA Economics Syllabus Semester 4

Economy of North East India

Agricultural Economics

Econometrics

Regional Economics

Note: The syllabus has been taken from sources across the web, and may vary for different institutions.

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Q:   What are the main books followed in an M.A Economics course?
A:

The books followed in MA Eonomics course may vary depending on the colleges offering the course. Moreover, the syllabus and the university the college is affiliated to also determine the books followed for the course. Given below are some of the important books in an MA Economics course:

MA Economics Books

Authors

Microeconomic Theory: Basic Principles and

Extensions

Walter Nicholson, Christopher M. Snyder

Advanced Microeconomic Theory

Jehle and Reny

Lectures on Public Economics,

A.Atkinson and J. Stiglitz

Handbook of Public Economics

Auerbach, A.J. and M.Feldstern

Economic Development

Hogendrn

Advanced Macroeconomics

David Romer

Theory of Econometrics

Koutsoyiannis

Microeconomic Analysis

Hal Varian

Handbook of Development Economics

Behrman, S. and T.N. Srinivasan

Q:   What is the difference between M.A Economics and M.Com course?
A:

Given below are some basic differences between MA Economics and MCom courses:

Particulars

MA Economics Details

M.Com Details

Full form

Master of Economics

Master of Commerce

Area of focus

Core Concepts of Economics

General Accounting

Domain

Humanities and Social Sciences

Commerce

Eligibility

BA Economics or BSc Economics with a minimum of 50% marks

BA Economics or Humanities3 a minimum of 50% marks

Curriculum

Microeconomics, Macroeconomics, Trade, Financial Economics, Public Finance

Taxation, Research Methodologies, Advanced Accounting, Financial Analysis

Best MA Economics Colleges in India

MA Economics courses can be pursued by both the government and private colleges. MA Economics courses are available in different modes, all over India. Candidates can choose MA Economics courses according to their suitability and convenience. 

Best Government MA Economics Colleges in India

Given below are some government colleges in India that offer admission to MA Economics courses:

Best Government College

Tuition Fees

Miranda House, University of Delhi

INR 38,060

Kishinchand Chellaram College

INR 33,500

PSGCAS Coimbatore

INR 24,000

S.S. Jain Subodh PG College

INR 18,900

Telangana Mahila Visvavidyalayam

INR 29,600

Government Degree College, Rajahmundry

INR 30,200

Delhi School of Economics (DSE), University of Delhi

INR 480

Jamia Millia Islamia

INR 14,400

IGNOU

INR 12,000

JNU

INR 432

Note: The fees have been taken from the official website and may change.

Best Private MA Economics Colleges in India

Given below are some private colleges in India that offer admission to MA Economics courses:

Best Private College

Tuition Fees

Loyola College

INR 26,520

Mithibai College of Arts

INR 1.25 Lakh

St. Joseph’s University

INR 1.76 Lakh

Mount Carmel College

INR 1.57 Lakh

Kristu Jayanti College

INR 1.35 Lakh

Stella Maris College

INR 58,080

Symbiosis College of Arts & Commerce, Pune

INR 97,450

Amity University, Noida

INR 2.88 Lakh

Galgotias University

INR 92,000

Christ University

INR 2.7 Lakh

Note: The fees have been taken from the official website and may change.

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1 Course
15.21 K
7 LPA

#4 The Week

2.7 L
6.14 LPA

#11 The Week

53.04 K
4.6 LPA

#6 The Week

5.0
3.5 LPA

#7 The Week

1 Course
29.51 K
5.45 LPA

#13 The Week

2 Courses
8.65 LPA
Q:   Which colleges offer M.A Economics course with nominal fee structure?
A:

Several colleges offer MA Economics course with a nominal fee structure. These colleges could be government or private-run. The candidates must note that the fees mentioned below is the tuition fee and there could be additional charges such as postal fee, registration fee etc. that the candidates have to pay.

Given below are some of the colleges that offer MA Economics course with an affordable fee structure:

MA Economics Colleges

Average Fees (in INR)

SCS Autonomous College

288

Samastipur College

300

Darshan Sah College, Purnea University

312

Baharagora College, Baharagora

336

Multanimal Modi College

360

Gangadhar Meher University

360

Jawaharlal Nehru University

432

Q:   Does IGNOU offer M.A Economics course?
A:

Yes, MA Economics course is offered by IGNOU (Indira Gandhi National Open University). IGNOU is a public university that offers various courses in distance learning mode. It can be completed in a duration of 2 years like any MA Economics regular course. The total tuition fee is INR 12,000. There is no minimum or maximum age limit prescribed. Candidates can enroll themselves into the course on completing a bachelor’s degree from a recognised institute.

Popular Private MA Economics Colleges in India

1 Course
4.42 L
50 K
75 K - 3.2 L
68 K
26 K
1 Course
94 K
2 LPA

MA Economics Career Scope: Job Profiles, Salary and Top Recruiters

MA Economics course graduates have an exceptionally wide range of professional options because of the flexible skill set that is cultivated through MA Economics courses. Some students choose a more conventional career in fields like research or academics, but students also find success in a variety of other sectors that value analytical ability, communication skills, and critical thinking.

MA Economics Courses: Job Profiles and Salary 

MA Economics course graduates are welcomed by the government, private, and business sectors, which value their capacity for problem-solving and place them in positions that have been mentioned below:

 Job Profile

Job Description

Average Salary

Economist

A professional who studies how people make decisions to produce quality outputs which can boost the profits.

INR 16.4 LPA

Actuarist

A professional who calculates the possibilities of risks using mathematical and statistical techniques.

INR 7.4 LPA

Data Analyst

A professional who collects, stores and interprets data to make business related decisions

INR 6.65 LPA

Credit Analyst

Their role is to collect financial data and analyze the creditworthness of an organization.

INR 8.4 LPA

Personal Financial Advisors

These are professionals who assist in financial planning and management to help take proper monetary decisions.

INR 3 LPA

Policy Analyst

Their task is to analyze policies to suggest improvements in the model.

INR 7 LPA

Supply Chain Analyst

They ensure that the products in the supply chain are supplied efficiently to the customers.

INR 6.7 LPA

Economic Consultant

They study the economic status of the businesses and propose suggestions for improvements.

INR 10 LPA

Statistician

They work in the field of applied statistics to solve real-world business problems.

INR 5.6 LPA

Product Manager

They help contribute in the efficient production of the desired products and help strategize their development and marketing.

INR 21.3 LPA

Note: The salaries given above have been taken from ambitionbox.com and may vary depending on the companies offering the jobs.

MA Economics Courses: Top Recruiters

MA Economics course graduates can explore career options in various sectors such as the government sector, media and publishing houses, corporations, and community service organizations. 

Here are some of the top companies after MA Economics courses that recruit graduates in various job profiles:

MA Economics Courses Top Recruiters

Bain & Company

Boston Consulting Services

McKinsey & Company

Tata Consultancy Services

EY-Parthenon

Accenture

Deloitte Consulting Services

Insight Sourcing Group

KPMG

PWC

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Q:   What is the scope after doing MA economics?
A:
Economics qualification is very much recognized in banking sector, insurance sector and Indian economics service and in teaching field as you can become economics teacher in schools and in colleges. Stock exchange is also a sector where post graduate in economics can look for great career/jobs opportunities as broker and market researcher, etc. Multinational companies and computer industries also hire economics PG candidates. Otherwise there are various other options available for you like you can seek jobs in railways, civil services, staff selection commission even in defense.
Q:   What are the career options available for MA Economis graduates?
A:
There are many career opportunities for MA economics graduates. First of all, MA Economics graduates are eligible for all government jobs in central and state government where eligibility criteria is graduation degree. You can evaluate civil services, PSC in state, SSC etc. Indian Economic Services is one of the coveted jobs for Economics graduate. Reserve Bank of India also hires economics graduates. Lot of PSUs and public sector banks hires economics graduate for both officer and clerical roles. Private sector also offers jobs for economic graduates in the fields like private banks, MNCs, BPOs, KPOs, newspapers and magazine. Economics graduates are also hired as research assistant by consulting firms. Lot of trade bodies and trading organisations hire economics grads. Economics grads can also join Defence forces and paramilitary forces as commissioned officer. With doctorate in economic students have opportunities for higher roles. PhD degree holders in economics have opportunities to teach and consult.
Q:   How can I become an economist?
A:
It is a broad ambition. First, acquire the minimum qualifications and then you have to do an extensive research and make publications. You have to attend as many seminars as possible. You have to understand the social needs. The recent Nobel Prize was based on poverty in India and Indian Saving.To be simple, work out your range.
Q:   How can I apply for the job of a data analyst?
A:
Hello Ankit, You can send your resume to an HR department of an organization. If you have completed any certificate course on database or data science, then it will be beneficial for you.

MA Economics Courses FAQs: 2025

Here are some Frequently Asked Questions related to MA Economics courses:

Q:   What is the scope of MA in economics?
A:
UGC NET Economics is the best career option available for the students to make career as a lecturer or Professorship. The NET Exam is conducted every year while the NET Exam is the best career option, but aspirant might also choose other careers in the Economics Subjects. Some of them are as follows The career is good in the - Work as a lecturer and Professor in the Colleges and Universities. Write the Book Editor and Author in the various fields. Work in the Research Field related to the Subject. Guide students to prepare for the NET Exam. Work as Project manager in the relevant field.
Q:   What is the difference between economics and business economics?
A:

Economics is a social science concerned with the production, distribution and consumption of goods and services. It studies how individuals, businesses, governments and nations make choices on allocating resources to satisfy their wants and needs, and tries to determine how these groups should organize and coordinate efforts to achieve maximum output.

Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the aggregate economy, and microeconomics, which focuses on individual consumers. Majority of universities offer Bachelor's (BA Economics or BA Hons Economics) and Master's degrees (MA Economics or Msc Economics) programs.

Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets.

Business economics is the study of the financial issues and challenges faced by corporations operating in a specified marketplace or economy. Business economics deals with issues such as business organization, management, expansion and strategy.

Studies might include how and why corporations expand, the impact of entrepreneurs, the interactions between corporations, and the role of governments in regulation. Multiple universities offer Bachelor's (BBE) and master's degrees (MBE) in business economics.

Q:   What is the difference in career between finance and economics? What are its career prospects?
A:
Hi, Both are different field and open different career prospects after graduation as well as post graduation. If you are a commerce or economics graduate (viz. B.Com or BA (Economics) or B.Sc. (Economics) such as career in banking, starting career in acturial in insurance, pursuing MBA and starting career in teaching after masters and NET in respective field. Except mentioned above, there are difference between economics and commerce organisations like The Reserve Bank of India and other central banks, UN, IMF, World bank hires economics graduates, post graduates and doctoral degree in engineering. Such options are not open for commerce graduates unless they have qualifications like CA/ ICWA Also, high paying jobs such as insurance under writer is open for an economics graduate compared to a commerce graduate You need to decide what you want to do in future. Both have good options but economics have few very specialised role. if you aim for such specialisation, specific organisation in target and can make to a very good institute like Delhi school of Economics, London School of Economics Decide your career path and opt either

Popular MA Economics Specializations

Following are the most popular MA Economics Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

Course Cutoffs

The cutoffs of popular MA Economics colleges is given below:
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