Madras School of Economics (MSE) ( MA in Economics )

MSE offers 2-Year M.A. Programs in General Economics, Applied Quantitative Finance, Financial Economics, Actuarial Economics, and Environmental Economics. These programs train economists, financial professionals, analysts, actuaries, and environmental experts with strong quantitative skills to meet growing demands in various sectors.

Admission Procedure for MA in Economics

Admission to the program will be determined through an entrance test.

Eligibility Criteria for MA in Economics MSE

You should hold an undergraduate degree in social sciences (including commerce & management), sciences, or engineering.

This includes those who are currently in their final year of undergraduate studies for the AY 2023.

To be eligible, you should have achieved the following at the undergraduate level: 55% for General category 50% for OBC – Non-Creamy Layer 45% for SC/ST/PWD candidates.

You should be under 25 years of age as of July 1, 2023.

You should have studied mathematics at the plus two-level or its equivalent.

This can include a pass certificate from the National Institute of Open Schooling for mathematics at the Senior Secondary level or the completion of mathematical economics courses at the undergraduate level.

No. of Seats for MA in Economics MSE

Each of the five M.A. programs offers 47 seats, with 35% reserved for Tamil Nadu residents.

Fees for MA in Economics MSE

The M.A. program is a two-year, full-time program with four semesters. The total fee for each semester is Rs. 1.00 lakh.

MSE Entrance Exam Syllabus

Part-A :

– 60 questions equally divided among three sub-sections: basic quantitative ability, data interpretation & logical reasoning, and reading comprehension.

– Topics similar to standard aptitude tests like CAT, MAT, XAT, etc.

Basic Quantitative Ability:

– Topics: Number Systems, Profit, loss and discount, LCM & HCF, Speed, time and distance, Percentages, Ratio & proportion, Averages, Linear & Quadratic equations, Complex numbers, Simple and compound interest, Logarithm, Sequences and series, Inequalities, Surds & Indices, Permutation & Combination, Probability, Trigonometry, Geometry, Coordinate geometry, Mensuration.

Data Interpretation & Logical Reasoning:

– Topics: Tables, Graphs & Charts (Bar, Line, Column, Pie, Venn), Calendars, Numbers and Letter Series, Clocks, Binary Logic, Seating Arrangements, Logical Sequence, Logical Matching, Logical Connectives, Syllogism.

Verbal Ability & Reading Comprehension:

– Topics: English Usage and Grammar, Synonyms & Antonyms, Fill in the Blanks, Sentence Correction, Jumble Paragraph, Analogies, Verbal Reasoning, Reading Comprehension.

Part-B (Mathematics/Statistics Stream):

– Topics: Algebra, Real Analysis, Functions of one variable, Functions of two real variables, Complex Analysis, Integral Calculus, Differential Equations, Vector Calculus, Linear Programming, Probability, Random Variables, Standard Distributions, Joint Distributions, Sampling Distributions, Statistical Inference.

Part-B (Economics Stream):

– Topics: Micro Economics, Consumer Theory or Behavior, Production Theory, Price and Output Determination in Market, General Equilibrium, Efficiency and Welfare, Macroeconomics, National Income Accounting, Income and Output Determination, Money and Inflation, Consumption and Investment Function, Open Economy Models, Economic Growth, Indian Economy, Overview of colonial economy, Macro Trends, Poverty in India, Agriculture, Economic Crisis of early 1990s, Growth and inequality, Industrialization, Labour relations, Public enterprises, Service Sector, Foreign Trade, Money and Banking, Issues in Indian Public Finance, Fiscal reforms, Tax reforms, Public Debt, Fiscal and Monetary Policy, Centre-State Fiscal relationship, and more.

MSE MA Economics Entrance Paper Pattern

The entrance test consists of two parts: Part-A (compulsory) and Part-B (choose between Mathematics/Statistics stream and Economics stream).

Total number of questions: 100 (Part-A: 60, Part-B: 40). Test duration: 120 minutes (2 hours).

Part-A: Basic Quantitative Ability: 20 questions Data Interpretation & Logical Reasoning: 20 questions. Reading Comprehension: 20. questions Total: 60 questions

Part-B (Mathematics/Statistics Stream): Advanced Mathematics: 20 questions. Advanced Statistics: 20 questions. Total: 40 questions

Part-B (Economics Stream): Microeconomics: 10 questions. Macroeconomics: 10 questions. Indian Economy & Related Topics: 20 questions. Total: 40 questions

MSE MA Economics Entrance Exam Marking Scheme

The marking scheme for the exam is simple: You will receive one mark for each correct answer. There is no mention of negative marking, so it appears that there are no deductions for incorrect answers.

Placements after MA in Economics from MSE

The students from MA Economics program at MSE have consistently secured outstanding positions in well-established organizations such as HSBC, Nathan Associates, IFMR, Citigroup Global Services (CGSL), Hewlett Packard, Symphony, Mu Sigma, Infosys BPO, and Genpact. MSE has 100% Placement record!

Be the next one to be placed!