About AUD

The Masters Programme in Economics will attempt to provide students with a rigorous and in-depth advanced training in economic analysis, with particular emphasis on equipping them with the ability to comprehend and think about contemporary economic issues including the challenges confronting developing countries like India.

The Programme draws on different theoretical perspectives and traditions within the discipline, and creative pedagogical approaches, to offer a well-rounded training that would enable the student to simultaneously achieve a variety of objectives: develop a socio-political and historical perspective on the economy and the discipline which analyses it; master the quantitative techniques which are used extensively in economic analysis; understand and learn to analyse contemporary economic issues at the global and national levels; and acquire skills for absorbing and communicating economic ideas.

It will include sixteen courses of 4 credits each­ – ten core courses in economics, and six elective courses. The core courses (please see the Programme structure for details) which provide a mix of economic theory, quantitative techniques, economic history, and analysis of concrete development problems with a component focused specifically on India - and the course on research methodology and skills, shall lay the foundation of the Programme.

The elective courses will complement the core courses and will also enable the students to develop specialisation in their preferred areas. These elective courses shall include courses offered within the School of Liberal Studies (including those that may be offered by disciplines other than Economics, like Mathematics or History) as well as courses offered by or in collaboration with other schools such as the School of Development Studies or the School of Human Ecology.

The Masters Programme in Economics will equip students for careers in government agencies, the corporate and financial sectors, development organizations, the media, and the academia.

Proposed Programme Structure

                                                                                     (Credits in Parentheses)

1. Macroeconomics I will cover the evolution of the main body of macroeconomic theories with reference to the setting towards which they are oriented - of a developed capitalist economy - and its changing context. Macroeconomics II will focus on macroeconomics of developing countries like India along with and in conjunction with the macroeconomics of the global economy.
2. Microeconomics I would cover theories of utility, production and cost, and strategies of firms under perfect and imperfect competition. Microeconomics II would focus on general equilibrium models and social welfare.
3. Elective courses would be offered from amongst a large set of possible courses across many areas - advanced quantitative techniques; advanced economic theory and general equilibrium analysis; public finance; economics of the financial sector; industrial organization; growth and dynamics; development and the Indian economy; economic history and political economy; energy, natural resources and environmental economics; labour economics; institutional economics, etc.

Bulletin of Information

Application Form

  Instructions

Schedule for Admission

Guidelines for Entrance Test