IGNOU MA Economics Syllabus 2023 – (New & Old)
The Indira Gandhi National Open University (IGNOU) offers Master of Economics programme to those learners who want to puruse their career in field of Economics. If students wish to pursue the Master of Arts in Economics (MEC) program at Indira Gandhi National Open University, they must carefully study the entire IGNOU MA Economics syllabus to earn a Master’s degree in Economics.
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| IGNOU MA Economics Fees | IGNOU hall Ticket |
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IGNOU MA Economics Program: A Semester-Based Structure
In a significant transition, the MA Economics program at IGNOU has moved from the traditional two-year format to a dynamic semester-based system, aligning with modern educational trends. This innovative approach divides the program into four semesters, each comprising 20 credits. As a result, the total credits required to complete the program now stand at 80.
Each IGNOU MA Economics course has some credit associated with it where one credit is equivalent to 30 study hours of students comprising all the learning activities. Therefore, if any course has six credits associated with it then its means the students has to give 180 hours for its study.
Compulsory Courses: Building the Foundation
The first, second, and third semesters are dedicated to compulsory courses. These foundational courses serve as the bedrock of the program, ensuring that all students receive a comprehensive education in economics.
Specialization in the Fourth Semester: Tailor Your Path
In the fourth semester, students have the exciting opportunity to specialize in their preferred area of economics. IGNOU offers four distinct specialization groups, each catering to unique facets of the field:
A. Data Analytics
- Students in this group delve into the realm of data analysis, acquiring vital skills to make data-driven decisions across diverse economic contexts.
B. Energy and Environmental Economics
- This group focuses on the critical juncture of economics and environmental concerns, equipping students to address energy and environmental challenges from an economic perspective.
C. Insurance and Finance
- For those intrigued by the intricacies of insurance and finance, this group provides courses that explore the dynamics of financial markets and risk management.
D. Social Policy
- Students opting for this group gain profound insights into social policies and their profound influence on economic development, fostering a deeper understanding of the societal dimensions of economics.
Flexibility for Non-Specialization
Should students opt not to specialize, they have the flexibility to craft their academic journey. They can select any combination of 20-credit courses from the four specialized groups (A, B, C, D) in accordance with their interests and career objectives.
This revamped MA Economics program at IGNOU offers enhanced flexibility, enabling students to tailor their education to their unique aspirations and interests while ensuring a well-rounded foundation in economics.
Here, we have provided the complete detail about IGNOU MA Economics Syllabus 2023.
IGNOU MA Economic Syllabus Semester-Wise (Revised From July 2023)
Below, we have listed revised IGNOU MA Economics courses for all 4 semesters.
| Course Code | Title | Credits |
|---|---|---|
I Year (First Semester) | ||
| MEC 101 | Microeconomic Theory and Analysis | 6 |
| MEC 102 | Macroeconomic Theory and Analysis | 6 |
| MEC 203 | Quantitative Methods | 8 |
| Total Credits | 20 | |
I Year (Second Semester) | ||
| MEC 104 | Economics of Growth and Development | 8 |
| MEC 109 | Research Methods in Economics | 6 |
| MEC 205 | Indian Economic Policy | 6 |
| Total Credits | 20 | |
II Year (Third Semester) | ||
| MEC 106 | Public Economics | 6 |
| MEC 107 | International Trade and Development | 6 |
| MEC 110 | Money, Financial Institutions, and Markets | 8 |
| Total Credits | 20 |
| Group | Course Code | Title | Credits |
|---|---|---|---|
II Year (Fourth Semester) | |||
| Group A# Specialization in Data Analytics | MECE 101 | Introductory Econometric Methods | 4 |
| MECE 102 | Advanced Econometric Methods | 4 | |
| MCS 226 | Data Science and Big Data (From MCA Programme of IGNOU) | 4 | |
| MCS 224 | Artificial Intelligence and Machine Learning (From MCA Programme of IGNOU) | 4 | |
| MGG 011 | Geographical Information Systems-I (From MA Geography Programme) | 4 | |
| MECP 102 | Project Work-I | 4 | |
| Total Credits | 24 | ||
| #All the courses of this group are available only in English. | |||
| Group B# Specialization in Energy and Environmental Economics | MECE 101 | Introductory Econometric Methods | 4 |
| MECE 102 | Advanced Econometric Methods | 4 | |
| MECE 104 | Economics of Environment and Social Sector | 6 | |
| MECP 101 | Project Work-II | 6 | |
| Total Credits | 20 | ||
| Group C# Specialization in Insurance and Finance | MECE 101 | Introductory Econometric Methods | 4 |
| MECE 102 | Advanced Econometric Methods | 4 | |
| MECE 103 | Actuarial Economics | 6 | |
| MECP 101 | Project Work-II | 6 | |
| Total Credits | 20 | ||
| Group D# Specialization in Insurance and Finance | MECE 101 | Introductory Econometric Methods | 4 |
| MGPE 6 | Gandhi‘s Economic Thoughts | 4 | |
| MWG 011 | Women in the Economy | 8 | |
| MGSE 009 | Gender issues in Work, employment and productivity | 4 | |
| MECP 102 | Project Work-I | 4 | |
| MGGL 004 | Geo Special Analysis (From MA Geography Programme) | 4 | |
| Total Credits | 28 | ||
Also check out IGNOU MA Economics Admission, course fees, examinations, exam date sheet, hall ticket, result, etc.
List of IGNOU MA Economics Syllabus / Courses (OLD Syllabus Before July 2023)
We have mentioned below the list of IGNOU MEC Courses for old syllabus which are required to pass or complete by students to obtain the master degree.You can find below the list of Course Code and Course names for ma economics. It is a 66 credit programme in which 1 Credit is equal to 30 study hours. These courses are offered by university in 2 year system.
IGNOU MA Economics 1st Year Syllabus | ||
| Course Code | Course Name | Credits |
| MEC-101 | Micro Economic Analysis | 6 |
| MEC-002 | Macro Economic Analysis | 6 |
| MEC-103 | Quantitative Methods for Economic Analysis | 6 |
| MEC-004 | Economics of Growth and Development | 6 |
| MEC-105 | Indian Economic Policy | 6 |
IGNOU MA Economics 2nd Year Syllabus | ||
| Course Code | Course Name | Credits |
| Compulsory Courses | ||
| MEC-106 | Public Economics | 6 |
| MEC-007 | International Trade and Finance | 6 |
| MEC-108 | Economics of Social Sector and Environment | 6 |
| MEC -109 | Research Methods in Economics | 6 |
| Optional Courses (Choose 12 Credits Only) | ||
| MECP-001 | Project Work – MECP-001 | 6 |
| MECE-001 | Econometric Methods | 6 |
| MECE-003 | Actuarial Economics: Theory and Practice | 6 |
| MECE-004 | Financial Institutions and Markets | 6 |
| MWG 11 | Public Policy and Analysis | 8 |
| MGSE 9 | Electronic Governance | 4 |
| (Note : MWG-11 and MGSE-9 Courses to be taken together) | ||
| MEDSE 46 | Development Issues and Perspectives | 6 |
Conclusion
The IGNOU MA Economics syllabus is a comprehensive and well-structured program that equips students with a strong foundation in economic theory and a deep understanding of various specialized areas within economics. Whether students aspire to pursue careers in academia, government, finance, or international organizations, this program provides them with the knowledge and skills needed to excel in the field of economics.
The program’s compulsory courses form a strong foundation, ensuring that all students receive a comprehensive education in economics. In the fourth semester, students can delve deeper into their chosen area of specialization, be it Data Analytics, Energy and Environmental Economics, Insurance and Finance, or Social Policy.
Moreover, the option for non-specialization provides students with the freedom to craft a personalized curriculum by selecting courses from multiple specialization groups.
The IGNOU MA Economics program strikes a balance between tradition and innovation, empowering learners to explore diverse aspects of economics while keeping pace with modern educational trends. It equips graduates with the knowledge and skills needed to excel in various career paths within the field of economics.
For more details, you can visit official website at: http://www.ignou.ac.in/
