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How good is Azim Premji University for MA Economics?

March 15, 2022
MA Economics - general

MA Economics is a two-year postgraduate degree program awarded to the students under the arts or humanities stream. Aspirants can pursue it on a full-time, distance-learning or correspondence from any of the top MA Economics colleges in India. 

The Azim Premji University, Bangalore, among the numerous colleges currently providing this course, believes that education can and should contribute to human development and well-being and claims that their programmes are designed to prepare reflective and critical practitioners who can bring their educational experience at the University to practice on the ground — with competence, integrity, and most of all, social commitment.

Why APU Bangalore?

  • For a clear understanding of the Indian economy, real world institutions and economic development in the Indian context.
  • To develop tools of analysis, theory and concepts for practical application to current economic and development issues in the Indian context.
  • For a study of courses that help you understand historically grounded schools of thought within economics.
  • To experience an innovative pedagogy with problem-based learning, flipped classrooms and collaborative learning with the use of real economics data sets.
  • To train in communication for public and academic audiences, skills in problem solving and analysis and conducting independent research.
  • To provide counseling services on and off campus, along with peer-support groups run by students on campus. 

Let’s take a look at their MA Economics course details:

The M.A in Economics is a uniquely designed programme to develop the next generation of Economists with the theoretical knowledge, and technical skills to perform high quality analysis, while at the same time being grounded in the institutional, developmental and ecological context of contemporary India.

Eligibility Criteria:

  • Bachelor’s Degree in any discipline (including Sciences, Social Sciences, Humanities, Engineering, Medicine, Agriculture, Commerce, Management, etc.) from a recognized University.
  • Candidates with work experience are actively encouraged to apply.

Azim Premji University PG Admission Process:

  • Apply for the programme by visiting the official website of the university. 
  • Appearing for an entrance examination conducted by the university.
  • Candidates will be called for an interview.
  • Candidates will be allotted seats after document verification and fee payment.

Admission Process:

The selection process for the Postgraduate Programme include:

Entrance Test: Part 1: Multiple choice questions; Part 2: Essay based on the first program preference.

Personal Interview: Shortlisted candidates will be called for a personal interview.

Course structure:

Core Courses: 42 credits

These courses will help in developing the skills and foundation necessary for a thorough understanding of economics, especially from the context of contemporary India and its development. The courses cover traditional economic theory and methods, as well as the institutional developmental and ecological concerns we face in India.

  • Microeconomics of Development: A microeconomic model of a developing economy to understand land, credit, and labor.
  • Macroeconomics of Development: The principal problems of developing economies with a focus on policy.
  • Economics of Identity: How does a sense of self determine and affect economic outcomes?
  • Mathematical Models in Economics: A rigorous mathematical treatment of the standard models used in economics.
  • Political and Legal Institutions: An overview of the institutional structure and operation of governance in India.
  • Sociology of Development for Economists
  • Quantitative and Qualitative Research Methods: An introduction to research methods in economics.
  • Econometrics of Impact Evaluation: Using statistical tools to build what-if scenarios and estimate causal effects.
  • Ecology and Development in India: The history and socio-economic impact of development interventions on ecological systems.
  • Master’s Seminar in Economics: Structured classroom interaction for students to showcase field engagement and research questions
  • Communicating Economics: How do you communicate economics in different contexts?

Electives: 16 credits

Elective courses are offered in the second year and designed to extend ones foundational knowledge. One can develop domain expertise in particular fields of advanced topics in microeconomics, advanced topics in macroeconomics, governance, gender, health, education, environment, public finance, and data programming.

The opportunity to conduct an independent study or engage in real economic analysis outside of the classroom with an internship is also offered. 

  • History of Economic Thought: Where do current theories of modern economics come from?
  • Computational Economics
  • Advanced Macroeconomic Theory

Independent Study: One can choose an area of independent study with the guidance of a faculty member in a specialized area of interest. This will include intensive self-study, or an extended essay and research report.

Creative Expressions: 4 credits

  • APU relates to the world not only through the intellect but also with bodies and creative abilities. In this set of courses and workshops, you will explore aesthetic, physical and expressive traditions. One can choose workshops in art, music, theatre, dance and sports or fitness.

Thesis or Internship Track: 6 credits

Options of choosing one of two tracks of study is also available:

  • Internship: option of engaging in action outside of the classroom is also offered. One will have the opportunity to spend eight weeks with a civil society organisation or government official to gain insight into economic work in the development sector. With an internship, one will be able to put your knowledge into practice in a context and do real economic analysis in the world.
  • Thesis: With a thesis, one can develop academic abilities to demonstrate research skills and knowledge of theory and analysis.

Field Practice: 4 credits

  • A chance to participate in engaging and challenging field engagements, which will help develop one’s skills in field work.  One will learn to apply classroom learning to a variety of contexts. 
  • Field Practice in Economics: A prerequisite course in research methods.

Total 72 credits

Fees Details: 

Since APU is heavily subsidized, the course fee here compared to other famous institutes is almost half the fee charged in others.

  • General: Rs. 2 Lakhs
  • Accommodation fees – 84,000/year
  • Accommodation fees applicable only if students are staying in the University residence.

Disclaimer: Data for total fees has been calculated based on all years/semesters as provided by the college. The actual fees may vary.

Scholarships:

Azim Premji University offers three types of financial aid to students- scholarships, education loans, and additional support for working professionals. 

APU scholarships are provided to students based on factors such as family income, the requirement for living assistance, need-based etc. Documents that need to be submitted along with the application form for APU Bangalore scholarships are- latest salary slip of salaried members of the family, pension order/bank statement showing pension amount credited, form 16 issued by an employer of salaried members of the family, If self-employed, audited profit & loss account statements for last 3 years, proof of scholarship awarded for prior study (certificate, letter, etc, siblings’ education fees receipts, documents pertaining to loans taken (house loan, agricultural loan, education loan etc), proof of major medical expenses incurred in last two years for the family members, if any, and BPL certificate where applicable.

Career Prospects: 

APU placement cell conducts various training programmes to make students industry-ready. The placement procedure is a 4-step process that includes sending placements brochures, campus visits, pre-placement talks, a written test and an interview.

Even though only the first batch of MA Eco 2019 has graduated this year, APU boasts of all their alumni who have been placed in the following organizations: 

  • Andhra Pradesh Centre for Financial Systems and Services, Government of Andhra Pradesh
  • Azim Premji University
  • Bajaj Auto Finance
  • Centre for Monitoring Indian Economy
  • Centre for Sustainable Employment- APU’s own cell for research.
  • Ernst and Young
  • Jameel Poverty Action Lab
  • Mindshare Analytica

Azim Premji University Collaborations

  • Michigan State University
  • Administrative Training Institute, 
  • Mysore Institute of New Economic Thinking

Faculty:

APU prides itself on a faculty par excellence. The teachers are highly qualified and give their best to shape up the students’ life in the finest possible way. Faculty qualifications range from phD to Mphil from universities such as University of Cambridge, University of California, Oregon State University, University of Massachusetts, University of Toronto, etc.There are departments for every subject with departmental heads working with total commitment to bring in the best results. Each department under a departmental head holds regular meetings and workshops to contribute quality in the approach and method of education that is imparted to students. The aim in organizing departments is to raise the standard of teaching by discussing and sharing ideas among the departmental members.

Infrastructure and Facilities:

Azim Premji University facilities are provided as per the students’ requirements. Azim Premji University facilities include a library, hostels, halls, classrooms, auditorium, cafeteria, computer center. 

  • The library is there to meet the students’ research needs with a collection of over 51981 books and subscribes to over 3459 print and online journals. 
  • The university also provides leased hostel facilities to the students. 
  • Guest rooms are also available to help students’ family members not to worry about the accommodation.
  • Azim Premji University has well-equipped classrooms, to promote and make sure that students are participating in extracurricular activities, 
  • The university has a multipurpose playground. 
  • Medical facilities are also available at Azim Premji University for students.

Azim Premji University Clubs

All study and No play makes life boring! APU has several clubs that meet the students’ interests. Clubs at the university are the Sports Club, Culture Club, Celluloid Club, Poetry Club, Drama Club, Media and Editorial Club and Pahal. Below given are the clubs at Azim Premji University.

  • Pahal Club- Pahal Club of Azim Premji University reflects the idea that the welfare of an individual is directly or indirectly related to the development of the society at large. There are several initiatives that are undertaken by the club such as waste management, blood donation, adopting an old age home for the mentally challenged, slum improvement etc.
  • Kaapi Aur Charcha- This is an informal platform created by students of APU Bangalore where they invite anyone with whom they wanna have a conversation. The club aims at having a conversation without any set agenda.
  • Sports Club- It is one of the most active clubs of Azim Premji University. The club aims at promoting sports activities, encouraging students to participate in sports, and providing equal opportunities to all. The Club conducts several tournaments every year including Volleyball, Cricket, Badminton, Chess, Table Tennis and Carrom.

Over the years, APU has nurtured a community of individuals motivated by the values enshrined in the Indian constitution: a commitment to social justice, equity, humane values and sustainability. 

Edusure’s students who have cleared the entrance can vouch that APU ensures a supportive and collegial environment and access to help for those in need and understand that special circumstances may arise any time.

Moreover, university is a time for the exploration of oneself and the world. APU supports the students through the challenges they face not only in the classroom but in the peer group and in their personal lives.