PhD or research is all about finding out new concepts. Thus we provide a deeper in already existing knowledge. PhD in Social Science is very much different from that of pure sciences, yet the goal is the same. As you know for doing research/PhD at the university level, the qualification required is PG degree. Every university has different criteria for selecting candidates.
As you know DSE, JNU, ISI, IEW, IIPA, and IIMs are the prime institutions for teaching, learning and researching in economics, management and public administration.
If you are willing to get into one of these institutions, a Master’s from IGNOU will have the same value as that from any other university. To get selected into these prestigious institutions, you will have to pass through a rigorous selection process of
Entrance
Group discussion
Personal interview
Moreover you will have to provide testimonials from your professors about your academic developments.
Delhi School of Economics, Madras School of Economics, and Mumbai School of Economics and Public Policy are reputed institutes for offering quality education in Economics. If you are considering the Mumbai region, Mumbai University’s Kalina campus is a good institute to do a Master’s in economics.
In the Mumbai region, IGIDR and MSEPP are the best options for pursuing MA in Economics with good curriculums. IGIDR should be the first preference if you can score well enough in the entrance exam. A close second is MSEPP but it has a heavy dropout percentage.
Pursuing MA in economics from IGNOU alongside preparing for RBI Grade B exam has its pros and cons both.
Pros:
It will make you eligible for RBI Grade B (DEPR) vacancies, for which competition would be lesser as compared to RBI Grade B (General). The probability of selection will be higher.
In future, if you need backup options, this degree will come to your rescue.
This degree will get you brownie points in an interview. The knowledge gained through the pursuit of the degree will be helpful in your career.
Will help with the Economic Issues portion of RBI.
Cons:
You might face serious time management issues.
If you decide to pursue MA in Economics alongside prepararing RBI Grade B Exam, it have its own respectve pros and cons.
Weighing the pros and cons you can make the decision based on your caliber and situation.
The courses of MA in Economics at IGNOU for both years have been tabulated below:
First Year:
|
Course Code |
Course Name |
Credits |
|
MEC-001 |
Micro Economics Analysis |
6 |
|
MEC-002 |
Macro Economics Analysis |
6 |
|
MEC-003 |
Quantitative Methods for Economic Analysis |
6 |
|
MEC-004 |
Economics for Growth and Development |
6 |
|
MEC-005 |
Indian Economic Policy |
6 |
Second year:
|
Course Code |
Course Name |
Credits |
|
MEC—006 |
Public Economics |
6 |
|
MEC-007 |
International Trade and Fiance |
6 |
|
MEC-008 |
Economics of Social Sector and Environment |
6 |
|
MEC-009 |
Research Methods in Economics |
6 |
|
MECP-001 |
Project Work |
6 |
|
MECE-001 |
Economic Methods |
6 |
|
MECE-003 |
Actuarial Economics: Theory and Practice |
6 |
|
MECE-004 |
Financial Institutions and Markets |
6 |
|
MECE-002 |
Computer Applications in Economic Analysis |
6 |
For more details visit IGNOUs official website.
The Central University of Kerala is a decent option for pursuing an MA in Economics. The syllabus followed for the course is better than the state universities. The student crowd on campus is decent. You will get to meet people from all over India. The local students are friendly.
The placement opportunities offered at the institute aren’t that good. However, it is getting better gradually.
The admission procedure for an MA in economics at the Delhi School of economics has two modes, i.e. Direct or Merit Mode and Entrance Test Mode. For both modes of admission, the prerequisites are described below:
The documents needed at the time of admission are listed below.
For an MA in Economics, Central University of Panjab is a good option. The university has a good foundation and a brilliant faculty. The environment on campus is competitive, almost every student prepare for higher studies and competitive examination such as NET, GATE, etc. The competitive peer group will keep you motivated.
In terms of MA Economics, there is no difference between Delhi University and Delhi School of Economics. The MA in Economics degree offered by DU is through DSE since it is the Economics department of Delhi University. It is one of the most-sought after Economic schools in the country and offers excellent education in the field.
The MA in Economics course of St. Stephens College is taught by University of Delhi, Economics department, i.e. Delhi School of Economics. The classes are held at the university along with students from other colleges under DU. DSE offers excellent academics.
Being a student of St. Stephen’s you will also have access to the facilities of the college such as the library, hostels, etc.
AMU is ranked 33 among all the colleges in India in the 2020 NIRF rankings. The department of Economics was established in 1920. It has flourished well to be one of the main constituent departments of the Faculty of Social Sciences. The total fees of the course are INR 2.32 lakhs. The basic academic requirement for pursuing this course is B.A. with a minimum of 55% marks in aggregate and in Economics or a B.Sc. with a minimum of 55% marks in aggregate and minimum 60% marks in Mathematics/Statistics is eligible to apply for the course. A departmental test is conducted for the admission of students in this course and there are a total of 65 seats. The syllabus is updated regularly with the advancement in the subject, balancing emphasis on theoretical analysis with that on applied economics. This college also holds a good placement record, approximately over 100 companies visit the college every year for placement drive. The college has a good 85% placement rate maintained for the last 5 years. The median salary offered is around 5 LPA.