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MA in Economics at University of Mysore
Mysuru, Karnataka
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About the Specialization
What is Economics at University of Mysore Mysuru?
This MA Economics program at University of Mysore focuses on providing a comprehensive understanding of economic theory, policy, and quantitative methods. It integrates classical and contemporary economic thought with practical applications relevant to the Indian and global economy. The program emphasizes analytical thinking and research skills, preparing students for diverse roles in public, private, and research sectors, addressing the growing demand for skilled economists in India.
Who Should Apply?
This program is ideal for fresh graduates with a background in Economics seeking to deepen their analytical skills and embark on careers in economic analysis. It also caters to working professionals aiming to upskill in advanced economic theories or career changers transitioning into economic research, policy analysis, or data-driven roles. Candidates with strong quantitative aptitude and an interest in socio-economic issues are particularly well-suited.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as Economic Analysts, Researchers, Policy Consultants, Data Scientists, and roles in banking, financial services, and government. Entry-level salaries typically range from INR 4-7 LPA, with experienced professionals earning significantly more. The program aligns with the demand for economists in government think tanks, RBI, NITI Aayog, and corporate analytics, offering strong growth trajectories.
Student Success Practices
Foundation Stage
Master Economic Fundamentals- (Semester 1-2)
Focus intensely on Microeconomic and Macroeconomic theories, understanding their core principles and assumptions. Supplement classroom learning with classic textbooks and online courses from platforms like NPTEL or Coursera to solidify foundational concepts. Engage in regular problem-solving to build analytical prowess.
Tools & Resources
NPTEL, Coursera, Keynes'''' General Theory, Mankiw''''s Principles of Economics
Career Connection
A strong theoretical base is crucial for understanding economic phenomena and forms the bedrock for advanced policy analysis and research roles in India.
Develop Quantitative Skills Early- (Semester 1-2)
Excel in Statistical Methods for Economics and Econometrics-I. Practice data analysis using software like R or Python alongside theoretical understanding. Join university workshops or online tutorials to gain hands-on experience in statistical packages.
Tools & Resources
R Studio, Python (Pandas, NumPy), Khan Academy (Statistics), Greene''''s Econometric Analysis
Career Connection
Proficiency in quantitative methods is highly valued for roles in data analytics, economic modeling, and research at consultancies and financial institutions.
Engage in Peer Learning & Discussion- (Semester 1-2)
Form study groups to discuss complex theories, solve problems collaboratively, and prepare for internal assessments. Participate actively in departmental seminars and guest lectures. This fosters a deeper understanding and develops communication skills essential for professional environments.
Tools & Resources
Study groups, Departmental seminars, Academic journals via university library access
Career Connection
Collaborative learning enhances problem-solving and critical thinking, crucial skills for teamwork in policy formulation and research projects.
Intermediate Stage
Apply Economic Principles to Indian Context- (Semester 3)
Deepen your understanding of Indian Economic Development and Public Economics. Analyze current economic policies, read economic surveys, and follow news from prominent Indian financial dailies. Participate in debates or essay competitions on contemporary Indian economic issues.
Tools & Resources
Economic Survey of India, RBI publications, The Economic Times, Livemint
Career Connection
Specialized knowledge of the Indian economy is paramount for roles in government, public sector undertakings, and Indian-focused research organizations and consultancies.
Build Applied Econometrics Expertise- (Semester 3)
Focus on Econometrics-II to apply advanced models to real-world datasets. Take on small research projects or term papers using econometric techniques. Seek mentorship from faculty for practical applications and interpretation of results.
Tools & Resources
STATA, EViews, Datasets from NSSO, MOSPI, Online econometrics courses
Career Connection
Advanced econometric skills are highly sought after by policy research institutions, market research firms, and financial analytics roles requiring rigorous quantitative analysis.
Explore Specializations via Electives- (Semester 3)
Strategically choose electives like Development Economics, Agricultural Economics, or Industrial Economics to align with your career interests. Attend workshops related to your chosen specialization to gain practical insights and industry perspectives. Network with professionals in these fields.
Tools & Resources
Professional body events (e.g., Indian Economic Association), Industry reports for specific sectors, LinkedIn
Career Connection
Specialized knowledge can open doors to niche roles in development agencies, agribusiness, or industrial policy, giving you a competitive edge in specific sectors.
Advanced Stage
Undertake a Comprehensive Research Project- (Semester 4)
Dedicate significant effort to your Project Work/Dissertation (EC 509). Choose a relevant research topic, conduct thorough literature review, collect and analyze data rigorously, and present your findings effectively. This demonstrates your ability to conduct independent research.
Tools & Resources
Mendeley/Zotero for citation, SPSS/R/Python for analysis, University library resources for research papers
Career Connection
A well-executed dissertation is a strong portfolio piece for research positions, think tanks, and academic careers, showcasing advanced analytical and writing skills.
Prepare for Placements and Interviews- (Semester 4)
Attend career guidance workshops, participate in mock interviews, and refine your resume/CV highlighting your quantitative skills, research experience, and economic knowledge. Network with alumni and placement cell representatives to understand industry expectations and opportunities.
Tools & Resources
University Placement Cell, LinkedIn, Resume builders, Mock interview sessions
Career Connection
Proactive placement preparation directly impacts securing desirable roles in various economic sectors, from financial institutions to government and research.
Develop Presentation and Communication Skills- (Semester 4)
Practice presenting your research findings and economic analyses clearly and concisely. Participate in academic conferences or seminars to articulate complex ideas to diverse audiences. Effective communication is vital for economists in policy advocacy, consulting, and teaching.
Tools & Resources
Toastmasters International (if available), TED Talks for inspiration, Departmental presentation opportunities
Career Connection
Strong presentation and communication skills are essential for leadership roles, client interactions in consulting, and effective dissemination of research in any economic field.
Program Structure and Curriculum
Eligibility:
- Candidates who have passed the B.A. Degree Examination of this University or of any other University recognized as equivalent thereto with Economics as a Major / Optional subject. OR Candidates who have passed the B.A. / B.Sc. Degree Examination of this University or of any other University recognized as equivalent thereto with 40% of marks in Economics as a Minor subject.
Duration: 4 semesters / 2 years
Credits: 68 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 401 | Microeconomic Theory-I | Core | 4 | Consumer Behaviour, Demand Theory, Production and Cost Analysis, Perfect Competition, Welfare Economics |
| EC 402 | Macroeconomic Theory-I | Core | 4 | National Income Accounting, Consumption and Investment Theories, Money Demand and Supply, Inflation, Business Cycles |
| EC 403 | Statistical Methods for Economics | Core | 4 | Data Collection and Presentation, Measures of Central Tendency and Dispersion, Correlation and Regression, Probability and Probability Distributions, Sampling Methods |
| EC 404A | Environmental Economics | Elective (Softcore) | 4 | Environment-Economy Linkages, Market Failure and Externalities, Environmental Valuation, Pollution Control Policies, Sustainable Development |
| EC 404B | Labour Economics | Elective (Softcore) | 4 | Labour Market Theories, Wage Determination, Trade Unions and Collective Bargaining, Labour Welfare and Social Security, Unemployment in India |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 405 | Microeconomic Theory-II | Core | 4 | Imperfect Competition, General Equilibrium Analysis, Modern Welfare Economics, Game Theory, Economics of Information |
| EC 406 | Macroeconomic Theory-II | Core | 4 | Neo-classical and Keynesian Models, IS-LM Model, Aggregate Demand and Supply, Fiscal and Monetary Policies, Open Economy Macroeconomics |
| EC 407 | Econometrics-I | Core | 4 | Classical Linear Regression Model (CLRM), OLS Assumptions and Properties, Hypothesis Testing, Multicollinearity, Heteroscedasticity |
| EC 408A | Managerial Economics | Elective (Softcore) | 4 | Demand Analysis and Forecasting, Production and Cost Decisions, Pricing Strategies, Capital Budgeting, Profit Management |
| EC 408B | Demography | Elective (Softcore) | 4 | Population Theories, Fertility and Mortality Analysis, Migration, Population Structure and Growth, Population Policy in India |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 501 | Indian Economic Development | Core | 4 | Structure of Indian Economy, Economic Reforms since 1991, Agriculture Sector Performance, Industrial Development and Policy, Service Sector Growth |
| EC 502 | Public Economics | Core | 4 | Role of Government in Economy, Public Goods and Externalities, Public Revenue and Taxation, Public Expenditure, Fiscal Policy and Budget |
| EC 503 | Econometrics-II | Core | 4 | Autocorrelation, Dummy Variables, Distributed Lag Models, Panel Data Models, Time Series Analysis |
| EC 504A | Development Economics | Elective (Softcore) | 4 | Theories of Economic Development, Poverty and Inequality, Human Capital and Development, International Trade and Development, Globalization and Developing Countries |
| EC 504B | Agricultural Economics | Elective (Softcore) | 4 | Agriculture in Indian Economy, Land Reforms, Agricultural Finance and Marketing, Food Security and Public Distribution, Agricultural Policies |
| EC 505A | Indian Economy - Performance and Prospects | Open Elective | 4 | Growth Trends and Sectoral Performance, Poverty, Unemployment, and Inequality, Fiscal and Monetary Policy in India, Challenges and Opportunities, Future Economic Outlook |
| EC 505B | Environmental Issues and Policy | Open Elective | 4 | Environmental Degradation, Climate Change Impacts, Environmental Regulations and Laws, International Environmental Agreements, Sustainable Development Goals |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EC 506 | International Economics | Core | 4 | Theories of International Trade, Terms of Trade, Trade Policy and Barriers, Balance of Payments, Exchange Rate Regimes |
| EC 507 | Financial Economics | Core | 4 | Financial Markets and Institutions, Capital Market and Money Market, Risk and Return Analysis, Portfolio Theory, Financial Derivatives |
| EC 508A | Research Methodology | Elective (Softcore) | 4 | Research Design, Data Collection Techniques, Sampling Methods, Hypothesis Testing, Report Writing |
| EC 508B | Industrial Economics | Elective (Softcore) | 4 | Industrial Growth and Structure, Market Structure and Competition, Firm Behavior and Performance, Industrial Policy in India, Mergers and Acquisitions |
| EC 509 | Project Work / Dissertation | Project | 4 | Research Problem Identification, Literature Review, Methodology and Data Analysis, Findings and Interpretation, Thesis Writing and Presentation |
