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M.Sc. in Economics

This is a two-year programme, which imparts students with a rigorous and hands-on training in Economics, with special emphasis on analytical and problem solving skills as well as exposure to emerging policy issues at the national and international levels. This programme involves a successful completion of either 16 courses or 15 courses and a Master’s thesis. It is aimed at all those with necessary quantitative prerequisites who would like to be grounded in economic analysis.


In the past, M.Sc students from IGIDR have been placed in the corporate sector – a selected list of companies is provided in the section on past recruiters.  Students from our M.Sc. program have also been admitted into prestigious Ph.D. programs abroad, e.g. Columbia University, University of Michigan at Ann Arbor and Carnegie Mellon University.

Admission Eligibility:

Minimum qualification for admission to M.Sc. programme includes one of the following degrees or their equivalents: B.A./B.Sc. in Economics/B.Com./B.Stat./B.Sc. (Physics or Mathematics)/B.Tech./B.E. with at least a second division for the Economics discipline and first division for other disciplines. The applicant must have studied mathematics at the higher secondary or higher level.

Course Structure and Duration:

This is a two-year programme. First Year course work exclusively focuses on the following compulsory courses: Microeconomics-I and II, Macroeconomics-I and II, Econometrics-I and II, Mathematics for Economists, and Development Economics.

In the second year students are required to choose eight optional courses (or seven optional courses and a Master’s thesis) that includes (i) one Major Field of Specialisation consisting of four optional courses in a related field, (ii) one Minor Field of Specialisation consisting of two optional courses in a related field, and (iii) two (or one in case the student opts to do a Master’s thesis) other optional courses that may be from un-related fields.

The following is a list of possible Fields of specialisation / optional courses:

Microeconomics, Institutions and Trade; Macroeconomics, Finance and Growth; Econometric Theory and Applications; Energy and Environment; Development. The optional courses include Game Theory, Industrial Organization, Special Topics in Microeconomic Theory, Theories and Behaviour of the Firm, Theory of Institutions, International Trade, Applied International Trade and Investment, Topics in International Economics and Finance, Financial Economics, Issues in Industrial Economics and Corporate Finance, Financial Econometrics, Time Series Analysis I & II, Applied Econometrics for Policy Analysis, Applied General Equilibrium Models, Energy & Environment I & II, Natural Resource Economics, Tools for Sustainability Indicators I & II, Socio-Economic and Policy Issues in Energy & Environment I & II, Agricultural Economics, Contemporary Issues in Indian Agriculture, Contemporary Issues in Human Development and Policy.

Continuation into Ph.D. programme:

Those who successfully complete the M.Sc. programme at IGIDR and found eligible as per the rules could join the Ph.D. programme. Such candidates may be exempted from the course requirements and would receive stipends (under the existing rules) for three years.


M.Sc. students have to pay a tuition fee of  Rs.16,000/- per semester. All students would be provided with residential accommodation towards which they have to pay hostel fee of Rs. 200/- per month, and water and electricity charges as per actual. The tuition fee may be revised from time to time.

Financial Assistance:

Need-based scholarships are available to Masters students as per Institute’s norms.