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 Masters 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 include 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 Economics Discipline and First Division for other disciplines. The applicant must have studied mathematics at the higher secondary level or should be able to demonstrate equivalent mathematical ability. Admission will be through a set of written tests and interview. The written tests focus on analytical, verbal and mathematical abilities. All candidates appearing for their final degree examinations on or before July 15, 2012 are eligible to appear for the admission tests. However, their admission will be provisional and subject to their securing a second division or first division, as the case may be, in their final degree examination. Also, the final official mark sheets must be submitted to IGIDR by October 31, 2012.

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, Statistics and Econometrics-I and II, Mathematics for Economists, and Development Economics. In the second year, students need to take three additional compulsory courses viz., (i) Indian Economy (ii) Energy and Environment-I and (iii) Public Economics. In addition, they need to complete five optional courses or four optional courses and a Masters thesis.

The following is a list of possible optional courses:

Time Series Analysis I and II, Modern international trade, Natural resource economics, Financial econometrics, Tools for sustainability indicators I & II, Games and information, Industrial organization, Applied general equilibrium models, Issues in industrial economics and corporate finance, Financial economics, Agricultural economics, International trade, Theory of institutions, Special Topics in Microeconomic theory, Contemporary Issues in Human Development and Policy, Energy and Environment - II, Topics in International Economics and Finance, Applied International Trade and Investment, Socio-economic and Policy Issues in Energy & Environment I & II, Issues in Finance and Growth.


Continuation into M.Phil./Ph.D. Programme:


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


Financial Assistance:

Some need based scholarships are available to Masters students as per Institute’s norms. The second year Masters students are eligible to express interest to work as Graduate Assistants and depending upon the availability and norms, might be awarded such assistantships.