Economics

The MPhil Economics degree is a relatively difficult degree. Economics is a challenging subject in the social sciences as it requires strong analytical skills and complex mathematical tools to compile, study, and interpret data and apply it to the real world. The MPhil Economics course is a transitional degree that gives students an opportunity to conduct research under the supervision of their professors and hone skills that will help them conduct independent research.

The MPhil Economics degree was primarily a research-based degree that helped students prepare for a PhD in Economics. The major subjects around which students would learn and conduct research were:

Students who wish to take up an MPhil Economics course can still pursue it through private institutes where it is still available. The documents that are required for admission to any university for a postgraduate degree like M.Phil include:

• Class X, XII Mark Sheet
• Graduation, Post-Graduation Degree
• Photo ID Proof (like: Aadhaar Card, PAN Card, Passport, etc.)
• Candidate's Photograph
• Candidate's Signature
• Caste Certificate (if the candidate applies for SC/ST/OBC/EWS/PwD reservation)

Before it was discontinued, the eligibility criteria to pursue an M.Phil course required students to complete their postgraduate degree in Economics (MA or MSc Economics) with at least 45-50% marks. The MPhil degree allowed students to explore research in Economics and develop skills that would help them in completing a PhD.

Hello!

The M.Phil degree is no longer valid after the University Grants Commission (UGC) of India declared it as discontinued. Students can no longer obtain an M.Phil degree from any government colleges as it is not recognized. However, some private colleges and institutes continue to offer it, and students still pursue M.Phil despite the orders and warnings from UGC.

The M.Phil Economics course duration used to be 2 years. Since the MPhil Economics course has been discontinued, the new batches of students can directly pursue a PhD degree after a 4-year degree (3+1 year of research) if they graduate with at least 75% marks and clear UGC NET. 

An MPhil Economics course is an advanced masters-level research degree that is pursued by students after completing a postgraduate degree. Though it has been discontinued by UGC under the NEP 2020, it was a bridge course between a Masters in Economics programme and a PhD in Economics that allowed students to pursue research projects to help prepare for a PhD.

Pursuing a Certificate in Economics can be a smart choice for several reasons:

• An Economics Certificate course can boost your career opportunities. Many roles, such as economic analyst, financial consultant, or market researcher, require a solid understanding of economic principles. This certificate can give you a competitive edge when applying for these positions. 

• With a certificate in Economics, you can start at a decent salary level and have the opportunity to earn more as you gain experience and expertise in the field. It's also a great foundation if you decide to pursue further studies in economics later on.

Yes, you can surely learn about the foundations of Economics, its subjects, theories, and its role in society through a certificate-level course, as it allows you to explore the field comprehensively. The Economics courses are structured such that it is easy for students to learn about foundational Economics. Students can also choose an Economics certificate programme where they can focus on one specialisation and learn about it in depth.