M.Sc Economics Syllabus and Subjects

Duration: 2 Years
Avg Fees: ₹50K - 3 LPA

M.Sc Economics syllabus is a postgraduate course that aims to introduce students to all the essential concepts of economics, finance, and business studies. The syllabus of M.Sc Economics focuses on economic studies and analysis and its applications in several sectors such as production, corporate, banking, etc which are the primed faces of the Indian Economy and global development.

Semester Wise M.Sc Economics Syllabus 

The M.Sc Economics syllabus in India is two years long, divided into four semesters. The M.Sc Economics subjects have both core and elective subjects under its curriculum. M.Sc. Economics course is designed to introduce students to all the fundamental aspects of economics, analysis, banking and finance, corporate structure and more. Listed below are the M.Sc in Economics Syllabus according to the semesters: 

M.Sc in Economics First Year Syllabus

Semester I

Semester II

Advanced Macroeconomics-3

Advanced Macroeconomics-1

Advanced Macroeconomics-4

Advanced Macroeconomics-2


Mathematics for Economics

Development of Economics

Statistics for Economics

History of Economic Ideas


Public Economics

Advanced Indian Economics

Research Methodology



M.Sc in Economics Second Year Syllabus

Semester III

Semester IV

Indian Economics

Contemporary Issues in the Indian Economy

Economics of Business Strategy

International Economics

Labour Economics


Environmental Economics


Financial Econometrics


Research Project

Summer Training

M.Sc Economics Subjects

There are both core and elective subjects in M.Sc Economics. The curriculum is designed to equally focus equally on theoretical and practical studies of various economics structures and study of Indian economics patterns which can be applied for economic analysis of various sectors in the country. Listed below are the core subjects that the students are introduced to through the curriculum: 

  • Macroeconomics
  • Finance Economics
  • Public Economics
  • Agriculture Economics

M.Sc Economics Course Structure

M.Sc in Economics course structure consists of four semesters, spread across a time period of two years. The course is a postgraduate course with a specialization in the science field. The course structure is given below:

  • IV Semesters
  • Core Subjects
  • Elective Subjects
  • Research Project

M.Sc Economics Teaching Methodology and Techniques

M.Sc Economics teaching methodology and techniques include traditional classroom teaching methods and research methodology. These methods are designed to help the students learn about topics and subjects in greater depth and detail. The following subjects are included in the curriculum which provides a basic understanding of various factors under economics science and a deeper understanding of techniques of Economics analysis used in various types of goods and service industries. Listed below are the teaching methodology and strategies in general:

  • Lectures
  • Thesis
  • Theory Papers
  • Seminars
  • Group Discussions
  • Internships

M.Sc Economics Projects

When students are pursuing a postgraduate course in M.Sc Economics, they are expected to work on a research project. This research project is due for them to submit at the end of their coursework. These projects help the professors assess the student’s understanding of their specialization. Some of the popular topics undertaken by the students are mentioned below:

  • Mathematics for Economics
  • Statistics for Economics
  • Econometrics
  • Advanced Indian Economics

M.Sc Economics Reference Books

It is an essential step for the students to invest in reference books when pursuing a M.Sc in Economics. These books can be a great asset for the students as they can help the students learn about their course and specialization in great detail. Listed below are some of the popular M.Sc Economics books:

M.Sc in Economics Books

Name of Book


The New Palgrave Dictionary of Economics

Palgrave Macmillan

A dictionary of economics

Nigar Hashimzade, Gareth Myles

An Encyclopedia of Keynesian Economics

Thomas Cate

M.Sc Economics Fee Structure