M.SC. APPLIED ECONOMICS

M.Sc. Applied Economics Everything You Need to Know

Are you interested in pursuing a career in economics? Have you considered obtaining an M.Sc. in Applied Economics? In this article, we will explore all the important aspects of the M.Sc. in Applied Economics, including highlights, entrance exams, admission requirements, eligibility, duration, selection criteria, how to apply, application forms, fees, syllabus, salary and jobs, and career opportunities.

Table of Contents

Introduction

M.Sc. Applied Economics Highlights

Entrance Exam for M.Sc. Applied Economics

Admission Requirements for M.Sc. Applied Economics

Eligibility for M.Sc. Applied Economics

Duration of M.Sc. Applied Economics

Selection Criteria for M.Sc. Applied Economics

How to Apply for M.Sc. Applied Economics

Application Form for M.Sc. Applied Economics

Application Process for M.Sc. Applied Economics

Fee for M.Sc. Applied Economics

Syllabus for M.Sc. Applied Economics

Salary and Jobs after M.Sc. Applied Economics

Career Opportunities for M.Sc. Applied Economics Graduates

Introduction

A Master of Science (M.Sc.) in Applied Economics is a two-year postgraduate program that provides students with a thorough understanding of economic theories and their practical applications in real-world scenarios. This program aims to equip students with analytical skills, critical thinking abilities, and decision-making skills to tackle complex economic problems. It provides a comprehensive knowledge of economic models, statistical techniques, and econometric methods to analyze data and make sound economic decisions.

M.Sc. Applied Economics Highlights

Degree: Master of Science (M.Sc.)

M.SC. APPLIED ECONOMICS Duration:

2 years (4 semesters)

M.SC. APPLIED ECONOMICS Eligibility:

Bachelor's degree in Economics or related fields with a minimum of 50% marks

M.SC. APPLIED ECONOMICS Admission process:

Entrance exam followed by Group Discussion (GD) and Personal Interview (PI)

M.SC. APPLIED ECONOMICS Top recruiters:

Banks, financial institutions, government organizations, research organizations, NGOs, etc.

M.SC. APPLIED ECONOMICS Average salary:

INR 4-6 lakhs per annum

M.SC. APPLIED ECONOMICS Job roles:

Economist, Data Analyst, Financial Analyst, Business Analyst, Research Analyst, Policy Analyst, etc.

Entrance Exam for M.Sc. Applied Economics

Most universities and colleges offering an M.Sc. in Applied Economics conduct their own entrance exams, which test the candidates' analytical, quantitative, and verbal abilities. The entrance exam usually consists of multiple-choice questions and essay-type questions, covering topics such as microeconomics, macroeconomics, econometrics, statistics, mathematics, and English language skills.

Admission Requirements for M.Sc. Applied Economics

To be eligible for admission to an M.Sc. in Applied Economics program, candidates must have a bachelor's degree in Economics or related fields, such as Mathematics, Statistics, Business, Finance, or Engineering. The candidate should have scored a minimum of 50% marks in the bachelor's degree. Some universities may also require the candidate to have studied Mathematics or Statistics as a compulsory subject in their bachelor's degree.

Eligibility for M.Sc. Applied Economics

The eligibility criteria for M.Sc. Applied Economics may vary from one institution to another. However, the basic eligibility criteria are as follows:

Bachelor's degree in Economics or related fields with a minimum of 50% marks

Mathematics or Statistics as a compulsory subject in the Bachelor's degree (in some institutions)

Qualifying the entrance exam

Duration of M.Sc. Applied Economics

The duration of the M.Sc. Applied Economics program is usually two years, divided into four semesters. Each

M.Sc. in Applied Economics is 2-year long master level course. Duration of this course is 2-year long but its syllabus is divided into 4-semesters and it provide on part-time basis by certain institutes. M.Sc. in Applied Economics is structured to build skills in economic reasoning in eligible students, and coach them in estimating and constructing economic models using quantitative econometrics and techniques. It focuses to build a industry understanding of the fundamental tools of economic analysis in candidates, for application in analyses and studies of economic policies and issues. It includes an advanced study of the concepts of macroeconomics, econometrics, microeconomics, and data analysis skills, among others. Also the minimum eligibility criteria for completing this course is bachelor from a recognized educational Board.

M.Sc. in Applied Economics Pay Scale:

• Research Analyst and Director  -  INR 3,00,000 to 4,00,000
• Transportation Manager  -  INR 4,00,000 to 6,00,000
• Inventory Manager  -  INR 3,00,000 to 8,00,000
• Economics Professor  -  INR 4,44,000 to 8,00,000