IGNOU MA In Economics

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About IGNOU MA In Economics

The Master of Arts in Economics (MEC) is offered at IGNOU (Indira Gandhi National Open University) through open and distance learning modes and the program offers students higher education in economics with the latest and revised curriculum updated according to the latest education policy and the program covers all the aspects of economics such as banking, insurance, finance, academic, computer application and so on which are crucial in present situation of economic industry and its global competence.

The duration of the program is 2 years but it can be completed in a maximum of 5 years. The fee structure of the course is designed in such a way that any student willing to pursue their higher study doesn't face any financial constraint and the entire course fee stands at Rs 16,800 which is affordable and pocket-friendly for every study and working professional.

Economics is necessary for every individual and every student must have basic knowledge related to finance, business, trading, and other economic terms. Candidate who has enrolled in the distance program of the Master of Arts in Economics and have upskilled themselves with their abilities in economics related to forecasting, policy analyzing, and other terms can easily grab lucrative packages at any reading business organization or company as they are in high demand. The economic industry remains constant among booming sectors in the market. To make an individual globally competent in the economic industry IGNOU offers highly accessible study material with flexibility and that allows a student to access the study material at any point in time as per their comfort. 

IGNOU has been known for its quality education through open and distance learning modes and the courses offered under it like the Master of Arts in Economics (MEC) that is globally competent and AICTE-approved  (All India Council for Technical Education). IGNOU is the world's largest open university and it is recognized by UGC-DEB (University Grants Commission-Distance Education Bureau). The structure of the MEC distance program includes Indian Economic Policy, Research Methods in Economics, Micro/Macroeconomic Analysis, Financial Institutions and Markets, and many other important aspects of the economy. 

Online Degree Acceptance

Online degrees earned from a government-approved university, just like a regular degree, are accepted by the top recruiters worldwide including government & private sectors.

Value of Online Degree

Online degrees earned from a government-approved university, just like a regular degree, are accepted by the top recruiters worldwide including government & private sectors.

Quality of Education

Online degrees earned from a government-approved university, just like a regular degree, are accepted by the top recruiters worldwide including government & private sectors.

Specialization Benefits

  • Master of Arts in Economics (MEC) is offered through open and distance learning modes at IGNOU and it holds the same value and is equivalent to a regular degree.
  • The study material offered at the university is highly accessible and flexible to use and students can access their study material 24/7.
  • The Master of Arts in Economics (MEC) program is recognized and approved by UGC and AICTE.
  • The MA in Economics program is offered in Hindi and English both languages, students can opt for the most suitable medium of study for them.
  • The fee structure of the course is comparatively affordable and pocket-friendly for students and working professionals i.e. Rs 16,800.
  • There are multiple career options and job opportunities for students enrolled in this program and companies offer decent packages too.
  • Students are not required to appear for any entrance exam at the university, the admission process is open for all without any age limit.
  • The program is globally competent and the university is globally recognized which offers students vast exposure to industry-related skills and abilities.

IGNOU Approved By

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Who Can Apply?

The eligibility criteria for the Master of Arts in Economics (MEC) at IGNOU are mentioned below:

  • Candidate must have completed a bachelor’s degree in any field from a valid and recognized university.

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Specialization Wise Updated Fees 2024

Psychology19,200 (Full Fee)2 Years
History14,600 (Full Fee)2 Years
Economics16,800 (Full Fee)2 Years
Political Science14,600 (Full Fee)2 Years
Public Administration14,600 (Full Fee)2 Years
JMC25,000 (Full Fee)2 Years
Sociology14,600 (Full Fee)2 Years
English13,200 (Full Fee)2 Years

Sample Certificate from IGNOU

Acquire a globally recognized online Degree/Diploma/Certificate from:

  • Most trusted platform for online education
  • UGC-entitled government-approved university
  • An award-winning university by the Commonwealth of Learning (COL), Canada


IGNOU Online offers the option of Credit Card/Debit card/Net Banking in its fee payment options but does not provide you a “No Cost EMI” option as of now for any of the online courses.

IGNOU Admission Process

The process for IGNOU online course admission can be completed via the official website’s admission portal. The steps involved in the admission process are listed below.

Step 1: Visit the official website of the university & click on the “Apply Now” tab.

Step 2: Fill out the student registration form & register yourself with the university.

Step 3: After registration, re-login to the admission portal & fill out the admission application form.

Step 4: Upload the scanned copies of mandatory documents & submit the application form.

Step 5: Make the fee payment using payment methods as mentioned on the website.

In the latest notice, IGNOU announces that they have opened the registration window for July 2024-25 admissions for a fresh batch. The application deadline is June 30, 2024. For more details Click Here.

UGC updated the list of approved ODL & Online programs for the academic batch of 2023-24, Click here to get the list!

Registrations are open for IGNOU’s Skill-based Bachelor Degree for Agniveers. Click Here to Know More.

Precautions to be taken by the students before enrolling for programs offered under ODL & Online Learning Mode, Click here to know!

A degree obtained through ODL mode is equivalent to a traditional degree, Click here to know!

UGC declares a 100% Fee Refund policy for students within a specified period by universities.Click hereto read the full notice.

UGC issues a public notice regarding misleading abbreviations in the names of Universities & Colleges. Read the UGC Letter.

IGNOU MA In Economics Syllabus

l Year 

ll Year 

  • Microeconomic Analysis
  • Macroeconomic Analysis
  • Indian Economic Policy
  • Economics of Growth and Development
  • Quantitative Methods for Economic Analysis
  • International Trade and Finance
  • Econometric Methods
  • Project Work
  • Development: Issues and Prospectives
  • Public Economics
  • Research Methods in Economics
  • Actuarial Economics: Theory and Practice
  • Financial Institutions and Markets
  • Economics of Social Sector and Environment
  • Gender Issues in Work Employment and Productivity

IGNOU Examination Pattern

The examination pattern followed at IGNOU online for different types of courses is semester mode, i.e., exams are conducted by the university at an interval of 6 months. For online courses, exams are conducted through an AI-proctored tool for an unbiased performance evaluation of students.

Job Roles after MA in Economics

The economy of our country is expanding at a good rate and currently, the GDP of India is expanding at a 7.2 percent rate which is a good sign for every sector. Candidates who have enrolled themselves in the Masters of Arts in Economics are open to a plethora of career opportunities and various job options. A few jobs that a student under MEC can opt for are:

  • Professional Economist 
  • Investment Analyst 
  • Bank Manager
  • Economist
  • Statistician

The average salary offered to postgraduate students of Master in Arts in Economics is mentioned below, the salary may vary from one to another, and the original figures are due to economic constraints.


Job Profile 

Average salary package (in INR)

Financial Analyst

4.5 LPA


7.8 LPA

Data Analyst 

3.9 LPA


7-8 LPA

IGNOU Placement Partners

Students of IGNOU Online are working at

  • Top MNCs all over the world
  • Have a high employability percentage over others
  • Are recognized by industries in the international market

Our students work at

  • 50%

    Average Salary Hike

  • 300+

    Hiring Partners

  • 3X

    Increase in Interview Opportunities

    Frequently Asked Questions?

    Various subjects offered under the Masters of Arts in Economics (MEC) are micro/macroeconomics, risk management, finance, Indian Economic Policy, Public Economics, economic methods, and so on.

    A student interested in getting admission at IGNOU for the MA in Economics (MEC) program must have completed a bachelor's degree in any stream from a valid and recognized university/institution.

    No, maths is not compulsory. Any student who has completed a bachelor’s degree in any stream is eligible to get admission to an MA in Economics, irrelevant to subjects.

    Yes, one can do an MA in economics without a BA in economics degree.

    Yes, there are plenty of job opportunities after an MA in Economics (MEC) like Bank Manager, Economist, and Statistician. 

    Every query is essential.

    Our team of experts, or experienced individuals, will answer it within 24 hours.

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    Reviewed in India on June 29, 2023

    Job Security is rated the lowest





    Aditya Anand


    Reviewed in India on May 12, 2023

    Highly Recommend it! I am really glad that I took the decision of getting associated with India’s one of the most trusted & affordable universities for online courses. I am one of those who could not afford a full-time graduation but an online B.Com from IGNOU made me get a well-paid job & now I am planning on an M.Com from the university to upgrade my career.







    Reviewed in India on May 12, 2023

    Great Faculty Support! I have completed my BCA in online learning mode from IGNOU & am really grateful for all the support I got from my professors. They even helped me in preparing for the job interviews.

    2 people found this helpful





    Nikhil Patil


    Reviewed in India on November 10, 2022

    IGNOU offers a variety of study material which makes understanding the concept really easy, the faculty is also very helpful and experienced.





    Sajal giri


    Reviewed in India on November 10, 2022

    I had a great experience at IGNOU as it is a great university for those who wish to puruse any course with flexibilty of time. It has a wide variety of courses offered which is difficult to find these days.







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