The M.A. in Economics (with specialization in the World Economy) is a full-time programme of study spanning two years. Each year is divided into two semesters – the monsoon semester and the winter semester.
On the whole the student has to study nine core and seven optional courses, each carrying a credit of 4 points.
The nine core courses are allocated over the semesters as follows:
First Semester – Monsoon
IE 401 Microeconomics I
IE 402 Macroeconomics I
Second Semester – Winter
IE 405 Microeconomics II
IE 406 Macroeconomics II
IE 403 Economic Development I
Third Semester – Monsoon
IE 505 Balance of Payments
IE 414 Open-economy Macroeconomics
The seven optional papers that run through the third and fourth semesters are to be selected from amongst a wide range of courses:
IE 410 Topics in Mathematical Economics *
IE 510 Environmental Economics
IE 515 Natural Resource Economics
IE 511 Investment Finance and Economic Policy*
IE 504 Advanced Econometrics
IE 514 Applied Econometrics*
IE 516 Transnational Corporations, Technology Transfer and R&D*
IE 513 Introduction to the World Economy*
IE 522 Public Economics
IE 524 Economic Regulation
IE 520 Law and Economics
IE 509 Economic Development II
*these courses may be offered subject to faculty availability
The MPhil credit break-up between course-work and thesis/ dissertation will be 16 credits (for coursework) + 8 credits (for thesis/ dissertation) = 24 credits (total). The core or compulsory courses for MPhil will be International Economics (4 credits) and Research Seminar (4 credits), while 2 other courses of 4 credits each will be optional. Upon successful completion of course work, the MPhil students will proceed to write their dissertation in the second year (3rd and 4th semesters).
The PhD coursework will have DI1653, IS600P and Research Seminar as a core course. In addition to the core courses, the students will have to take optional courses to fulfil their minimum course requirement of 18 credits. These optional courses will have to be decided in consultation with her/ his supervisor. Upon successful completion of the course work, spread over two semesters, the PhD students will proceed to prepare their PhD synopsis.
DI 651 Research Methodology I : MPhil Research Seminar
DI 652 Research Methodology II : PhD Research Seminar
DI 721 Topics in Economic Theory