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. 

Course Fee



2 - 5 Years


Bachelor’s Degree in any stream

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.

Specialization Wise Updated Fees 2023

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

Sample Certificate from IGNOU

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  • 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.

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.

IGNOU July 2023 session admissions have been started.

The Apply Before it's too late!! Click Here to Enroll at IGNOU Before 20th October.

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.

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 are 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 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. 

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