Master of Arts in Economics Programme
Ashoka University’s Master's programme in Economics has been developed to provide students the opportunity to be trained in modern Economics by highly qualified economists. Our approach to Economics is a comprehensive one. We believe in teaching students both how to ask and address questions that are informed by economic theory as well as how to substantiate their arguments with rigorous data analysis. The coursework in the programme has been designed with the latest research in mind and draws on some of today’s most exciting research fields. At the end of the programme, students are expected to have state-of-the-art quantitative skills valued both in academia and in the corporate world.
Ashoka’s intellectually vibrant campus provides students an opportunity to engage in cross-disciplinary learning and be informed by the views of leading political scientists, sociologists, psychologists, historians, mathematicians and computer scientists, amongst others. The campus is an ideal space where students can grow—intellectually as well as professionally. Within a very short period, Ashoka has been recognized as a leading innovator in Indian higher education. The Master's program in Economics provides students an opportunity to leverage Ashoka’s growing stature and expanding networks to shape their future careers, whether it be in academia or beyond.
The Department of Economics at present has 15 permanent faculty members, with research and teaching interests that span a broad range of fields which include economic theory, game theory, behavioural economics, experimental economics, macroeconomics, monetary economics, economic growth, development economics, and different areas of applied microeconomics. More details about the Economics faculty can be found here: The Department of Economics Faculty List
The Master of Arts in Economics programme is a two-year, four-semester programme. Students will study 8 compulsory courses in the first year and at least 8 electives (or its equivalent) in the second year. In the first year, students grow deep roots in the foundations of modern economics as they are provided with a rigorous introduction to microeconomics, macroeconomics and econometrics. In addition, they take a course which advances their understanding of quantitative techniques and another in the sphere of development economics.
The Ashoka approach to Economics is fundamentally about bringing together cutting-edge economic theory and rigorous data analysis to address questions at the frontiers of research. The Masters Programme in Economics has been developed with this perspective. It will provide students not only the opportunity to be trained by highly qualified economists but also to leverage Ashoka’s growing stature and expanding networks to shape their careers, whether it be in the academy or beyond.
The Master's programme is a two-year, four-semester degree. Students will study mandatory courses in the first year. These courses are:
Semester 1: Microeconomics 1, Macroeconomics 1, Econometrics 1, Quantitative Techniques
Semester 2: Microeconomics 2, Macroeconomics 2, Econometrics 2, Development Economics
In their second year, they will explore theoretical and research interests of their choice by taking elective courses in a wide number of subfields. Course descriptions for first-year courses and a tentative list of second-year electives can be found here: Graduate Economics Courses.
The economics department at Ashoka University has an agreement with MIT J-PAL under which up to 10 Masters students will be offered internships. The internship will be for approximately 7 months, starting from the end of the second semester to the end of the third semester. Students who are selected for the internship will have to enrol for two of the online MITx MicroMasters courses. There is no additional fee for these courses. The online instruction will be supplemented by regular sessions with designated Ashoka faculty. There will be examinations in these courses. Each course will count as one of the 16 courses required for the Masters degree.
During the internship, students will be provided training in RCT methodology by J-PAL. Each intern will also be assigned to a project. Students will be required to write a project report that will be considered as the Masters dissertation.
Application Form and Deadline
The application form for the MA in Economics programme is currently closed.
The applications for admission to the MA in Economics programme for the academic year starting in 2019 will open on December 1 2018.
Candidates who are interested in applying for the MA in Economics programme are required to fill in an application form online through the website. An applicant cannot submit more than one form in one admissions cycle.
There is no fee to start an application, however, there is a non-refundable fee of INR 1,000 that is charged at the time of submitting the application.
Once the application is submitted, candidates are required to appear for an entrance examination. The details of the entrance examination are given below.
Candidates who wish to apply to the MA in Economics programme need a recognised undergraduate degree in any discipline.
Structure of Entrance Examination
The structure of the entrance exam is objective. It will comprise of 50 multiple choice questions. The exam will test students on basic statistics, mathematics and analytical reasoning. An undergraduate degree in Economics is not a prerequisite for entry to the programme. More information about the entrance examination can be found in this document: MA Economics Syllabus and Sample Questions
Fees and Financial Aid
The Fee Structure of the MA in Economics programme starting in August 2019 has the following components:
||Amount (INR) per Annum
- Ashoka University provides Residence and Meal facilities on Campus, on an optional basis
- If you opt for On-Campus Residence, the annual Residence Cost is INR 1,55,000
- If you opt for Meals, a Refundable Meal Cost Security Deposit of INR 25,000 is charged at the time of payment of Semester 1 fee. Meals will be charged on the basis of consumption by the student
One time Payments
- The Refundable security deposit of INR 20,000 at the time of the offer of admissions. The security deposit will be refunded at the time of graduation from Ashoka University or at the time of withdrawal of admission from the programme
- The Meal Cost Security Deposit will be refunded at the time of graduation from Ashoka University or at the time of withdrawal of admission from the programme.
More information about the fee
- The costs mentioned are calculated in Indian Rupees (INR)
- The annual fee is subject to revision in consonance with inflation. In the last three years, our fee has gone up by approximately 8% annually. However, this percentage is not fixed and is subject to change.
- Services such as books, printing, photocopies, stationery, etc. will be charged on actuals adding up to INR 10,000 approximately
- The hostel fees component includes:
Utilities: Water and electricity (100% backup and air conditioning) plus laundry facilities
- The hostel fees are based on an average stay- a duration of nine months a year. Special permissions must be sought if a student seeks to stay on campus during vacations
Candidates that wish to avail Financial aid, are required to indicate their need at the time of filling in the application form.
To know more about our financial aid policy, click here.