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online ma in economics

Updated at : April 10, 2024DOWNLOAD E-BOOK

Online MA In Economics

An online MA in Economics is a specialized postgraduate program in which students learn various topics, such as public economics, macroeconomics, econometrics, financial economics, etc. It’s a two-year degree program with four semesters in which you can get help from knowledgeable professors, network with people from different backgrounds, and follow a rigorous curriculum that prepares students for jobs in government, banking, consulting, research, and other fields. With easy access to resources and focusing on real-world uses, this program gives students the critical skills and information to make good changes in global economies and manage complex economic settings.

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No. of Universities

3

Course Duration

2 - 4 Years

Eligibility

Graduation or Equivalent

Learning Mode

Online

EMI Facility

Available

Online MA in Economics Program Overview

Online MA in Economics is one of the most preferred post-graduate degrees by students. This program provides detailed information on the economics of society. It is a branch of science that revolves around everything from production to consumption, and it understands the changes in demand and supply from time to time. Online MA in Economics prepares students to understand the utilization of economic resource sectors like banks, markets, insurance, etc. After completing an online MA in economics, one can also consider pursuing a Ph.D. in economics. 

MA in Economics is good career-wise and comes with many more benefits in general life. It gives you a better understanding of things around you and can help you maximize your economic situation by affecting your daily decisions. Understanding new and upcoming financial trends won't be a difficult task anymore.

Why choose an Online MA in Economics?

Pursuing an MA in economics gives students the freedom to pursue higher education without worrying about the restrictions of attending classes on campus. Students can keep up with work, family, or other obligations while improving their jobs because they can study anywhere. Online programs often offer the same networking opportunities, expert teacher guidance, and tools as programs that take place on campus. People who choose to get an Online MA in Economics can make their learning fit their schedules without sacrificing the quality of their education or the depth of their knowledge. This will eventually improve their job chances in the field of economics.

Who should pursue an Online MA in Economics?

  • Working workers who want to move up in their economic jobs while keeping their current jobs.
  • Recently graduated college students with economics or a similar field who want to learn more about the subject and improve their skills.
  • International students who want to study economics at well-known schools without having to move are welcome to apply.
  • People who want to change careers and get government, banking, consulting, education, or research jobs need to know much about economics.

When Should I Pursue an Online MA in Economics?

For recent college students, starting the program right away after finishing their last year can make the move to pursue postgraduate education easier while their information is still fresh. However, for people with work experience in the field, getting an MA after getting some real experience can help them understand economic principles better and improve their job chances. Ultimately, the choice depends on the person's readiness, job goals, and desire to learn more about economics after college or after getting useful work experience.

Key Highlights of Online MA in Economics In India

  • An online MA in Economics gives students the most freedom possible. They can create study schedules that fit their needs and responsibilities. 
  • Students of an Online MA in Economics can expect an annual salary ranging from 3.5 to 7 LPA in big companies like RBI, Indian Institute of Technology, Citi Bank, Accenture, ICICI Bank, and HDFC Bank.
  • Students can access course materials and lessons whenever convenient, even if they have to balance work, family, or other obligations.
  • This program's professors are the best in their fields. These experienced teachers bring extensive academic knowledge and real-world experience to the virtual classroom. 
  • The program's curriculum is thorough and covers many economic theories, methods, and uses. Students learn a lot about different areas of economics, from microeconomics to macroeconomics, econometrics to international economics. 
  • Students in online MA in Economics can use what they've learned in the classroom in the real world through interesting tasks, case studies, simulations, and research projects. 
  • Students can make useful links through online forums, virtual discussions, and group projects, share ideas, and collaborate on research projects. 
  • Through these resources, students can access academic books, data, and analytical tools, which help them do well in school.
  • Working professionals can expand their knowledge and skill set by completing an online MA in economics. On the other hand, students can also gain real-world knowledge through internships or jobs while completing their Online MA in Economics.

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Online MA in Economics Course Subjects/Syllabus

The syllabus of the online MA in Economics is divided into four semesters. 

Semester I

Semester II

Microeconomics

Welfare Economics

Macroeconomics

Monetary Economics

Mathematics For Economics

Statistics For Economics

Indian Economy

Public Economics

Economics Of Growth Development

Indian Public Finance

Semester III

Semester IV

International Economics

Urban Economics

Industrial Economics

Environmental Economics

Research Methodology

Financial Institutions and Markets

Econometrics

Health Economics

Economics of Infrastructure

Cross-Functional Elective Course

Open Elective Course

Project

Online MA in Economics Eligibility & Duration

The requirements to get into an online MA in Economics program may be different at each university that offers the program. However, common requirements for qualifying are:

  • Students should have a Bachelor's Degree from a recognized UGC/DEB-approved university in a relevant field of study. 
  • Students should have secured at least 50% or more in their graduation.
  • Work experience and a good understanding of the basics of economics are preferred. However, this requirement is not mandatory.
  • No entrance test is required for most universities to be eligible to pursue an Online MA in Economics. 

Duration of the Online MA in Economics

The duration of an online MA in Economics is the same as a regular MA, which is 2 years and consists of 4 semesters. This comprehensive program provides in-depth knowledge of Micro & Macro Economics, Welfare Economics, etc. The exact length of time may change, though, based on things like the university academic plan, the student's course load, and any advanced or part-time options offered. 

Skills Required for Online MA in Economics

  • To do well in an online MA in Economics, you need to be able to examine economic facts, theories, and models closely.
  • Knowing how to use quantitative methods and perform the statistical analysis is important for conducting economic studies and correctly understanding data.
  • You must communicate clearly in writing and person to make economic points, results, and policy suggestions.
  • Ability to recognize and deal with economic problems, generate hypotheses, and suggest answers based on economic principles and proof.
  • The ability to do research independently, find applicable literature, and organize results in a way that helps the field of economics grow.

Is any entrance exam required for an Online MA in Economics course?

The best thing about getting an online MA is that you don't have to take an entry test. However, here is a list of popular tests that universities usually give or look at as requirements for getting into the MA program: 

DU Common University Entrance Test (DUCET/DUET)

CT University Scholarship Entrance Test (CT SET)

Common University Entrance Test (CUET)

Presidency University Bachelor Degree Entrance Test (PUBDET)

Jawaharlal Nehru University adopted Common University Entrance Test (JNUCET/JNUEE)

Recommended Books

Below is a list of the popular books for the Online MA in Economics. 

Title

Author(s)

"Principles of Economics"

N. Gregory Mankiw

"Economics: Theory and Practice"

Patrick J. Welch and Gerry F. Welch

"Thinking, Fast and Slow"

Daniel Kahneman

"Capital in the Twenty-First Century"

Thomas Piketty

"Freakonomics: A Rogue Economist Explores the Hidden Side of Everything"

Steven D. Levitt and Stephen J. Dubner

"The Wealth of Nations"

Adam Smith

"Nudge: Improving Decisions About Health, Wealth, and Happiness"

Richard H. Thaler and Cass R. Sunstein

"Misbehaving: The Making of Behavioral Economics"

Richard H. Thaler

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Program Fees for Online MA in Economics

Starting at ₹ 6,776/month

Program Fee: ₹8,800 - ₹1,08,000

Low Cost EMI Available

Recommended

There are usually fees for an online MA in Economics that run from INR 60,000 to INR 2 lakhs. The exact cost may change depending on the university providing the program. Many people who want to become economists find that getting an online master's degree in economics is worth the money because it can lead to many job possibilities and give them a sound understanding of economic principles. With College Vidya Compare, you may compare the academic fees of most institutions that offer your program of study. 

Online MA in Economics Admission Procedure

Before commencing the application process for an online MA degree, candidates should read the following steps:

  • Create unique credentials on the university's official website and register as a New User.
  • Then, with your information, fill out the application form (contact details, prior qualifications, etc.)
  • Upload the required documents to the site.
  • Then, online, submit your registration along with the payment for the semester.
  • You will receive an email from the institution confirming your enrollment and providing your enrolment number.
 
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Education Loan/EMI Facilities for Online MA in Economics

The Online MA in Economics program knows that students may need help with money and wants to make college available to everyone. To help with money problems, the program offers no-cost EMI (Equated Monthly Installment) options. Students can make easy monthly payments on their educational fees through this program without paying extra interest. 

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Is Online MA in Economics Worth it?

An online MA in economics program provides big rewards that make the cost worth it, as it gives students the freedom and ease to continue their education while also taking care of work, family, and other obligations. Having this kind of access removes physical boundaries and lets people from all walks of life get a good education without having to move. The extensive program also covers a lot of different economic theories, methods, and uses, giving students a strong background in the area. Also, the program often has expert staff members who bring much academic and real-world knowledge to the virtual classroom, improving learning. 

Additionally, program grads are well-prepared for a wide range of jobs in government, banking, consulting, education, and foreign groups, with chances to move up and earn good pay. But it's important to consider the program's name, accreditation, and how it will help your job before choosing. People should finally consider the pros and cons of getting an online MA in economics and decide if it fits their long-term goals and plans.

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Job Opportunity after Online MA in Economics

Company after company in many different areas is looking for people who have finished the program. Because they are smart and knowledgeable, people who get their MA in Economics online can get good jobs with top employers worldwide. Here are some jobs that might be available after this training. 

Economist

Banker

Economics Teacher

Data Analyst

Statistician

Sales Executive

Market Research Analyst

Financial Analyst

Investment Administrator

Credit Analyst

Editor - Business, Finance, and Economics

Top Recruiters for Online MA in Economics

Government bodies like the Federal Reserve, the Bureau of Economic Analysis, and the Ministries of Finance often hire economists to look at economic data, make policy, and give strategy advice. Banks, finance firms, and insurance companies are among the businesses that hire economists to study the market, predict trends, and evaluate risk. 

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amazon

Amazon

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Dabur

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Godrej

india mart

India Mart

kpmg

KPMG

oyo

OYO

decathlon

Decathlon

adidas

Adidas

Let's clear up some doubts about Online MA in Economics

Yes, MA in Economics is offered in both regular and Online Learning Modes. One can pursue MA in Economics from any UGC/DEB approved university.

Anyone with a degree in BA in Economics or any other relevant course with at least 50% or more can opt MA in Economics.

MA in Economics is not a tough course, it just requires a little understanding and focus. There are multiple sources one can turn to if they find any difficulty in understanding the concepts.

Yes, it is. The courses and degrees offered by online MA programs in Economics are the same as those offered on campus. Students can get a good education from anywhere in the world with online learning because it is so flexible.

Yes, this is exactly why many kids attend school online. Online learning allows students to study while caring for work, family, or other obligations.

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