About the Course
A Master’s in Economics provides students with advanced training in economic theories, quantitative methods, and policy analysis. This degree is typically structured to be completed in one to two years and prepares graduates for professional roles in government, finance, consulting, and academia.
Enquire Now
Key Highlights of Masters in Economics
Course Level
Postgraduate
Duration
1.5 years to 2 years program
Eligibility
Bachelor’s degree with proficiency test scores
Entrance Exams/Proficiency Tests
GRE, GMAT, IELTS, TOEFL, GRE, and PTE
Average Fee Charged
INR 20-30 Lakhs
Average Salary Offered
INR 40 Lakhs per annum
Other Similar Courses
MBA International Marketing, MBA Sales and Marketing, MBA Communication and Public Relations
Enquire Now
Course Structure
- Core Courses: Fundamental courses typically include microeconomics, macroeconomics, and econometrics.
- Elective Courses: Students may choose from electives such as environmental economics, public economics, labor economics, and international trade.
- Research Component: Many programs require a thesis or a series of research papers that demonstrate the student’s ability to apply economic theory and methods to real-world issues.
Course duration Of Masters in Economics
Country
Duration
USA
1 to 2 years
Australia
1 to 2 years
UK
1 year
Germany
2 years
Netherlands
1 to 2 years
Switzerland
1.5 to 2 years
Singapore
1 year
France
1 to 2 years
Sweden
1 to 2 years
Canada
1 to 2 years
Admission Process of Masters in Economics
- Online Application: Submission through the university’s admissions portal.
- Documentation: Includes transcripts, letters of recommendation, a statement of purpose, and GRE scores.
- Interviews: Some programs conduct interviews to better understand the applicant’s academic background and professional goals.
Admissions Requirements
- Bachelor’s Degree: Typically in economics, although related fields like mathematics, statistics, or finance are also considered.
- Academic Performance: Strong undergraduate grades, especially in mathematical and economics courses.
- Test Scores: GRE scores are commonly required, with particular emphasis on the quantitative section.
- Language Proficiency: For programs taught in English, non-native speakers will need to provide TOEFL or IELTS scores.
Program Rules
- Credit Requirements: Students must complete a certain number of credits, divided among core courses, electives, and research projects.
- Academic Standards: Maintenance of a minimum GPA is required to remain in good academic standing.
- Thesis Submission: For programs requiring a thesis, students must submit and defend their research before a faculty committee.
Program Options and Specializations
Specializations within a Master’s in Economics program allow students to focus on specific areas of interest and tailor their studies to their career goals. Common specializations include:
- Econometrics: Focuses on the application of statistical methods to economic data to test hypotheses and forecast future trends.
- Development Economics: Deals with economic aspects of the development process in low-income countries, focusing on improving fiscal, monetary, and trade policies.
- Financial Economics: Concentrates on the economics of financial markets and institutions, often including coursework in corporate finance and investment analysis.
- Health Economics: Analyzes health care systems and health behaviors from an economic perspective.
Test Name
Score Requirement
GRE (Graduate Record Examination)
Varies by institution; typically competitive scores in the quantitative and analytical writing sections.
GMAT (Graduate Management Admission Test)
Varies by institution; competitive scores in the quantitative and verbal sections.
TOEFL (Test of English as a Foreign Language)
Required for non-native English speakers; minimum scores vary but usually range from 80 to 100.
IELTS (International English Language Testing System)
Required for non-native English speakers; minimum band scores vary but typically range from 6.5 to 7.5.
GRE Subject Test in Economics
Some institutions may require or recommend this test; score requirements vary.
Top Colleges for Masters in Economics
QS Rank
College/University
Country
Average Fee (USD)
1
Harvard University
USA
$48,949
2
Massachusetts Institute of Technology (MIT)
USA
$53,790
3
Stanford University
USA
$53,529
4
University of Oxford
UK
£25,740
5
University of Cambridge
UK
£28,998
6
London School of Economics and Political Science (LSE)
UK
£23,328
7
University of Chicago
USA
$60,552
8
University of California, Berkeley
USA
$26,544
9
Princeton University
USA
$52,800
10
Yale University
USA
$43,300
Top Colleges for Masters in Economics
MBA Marketing is one of the most pursued courses among master courses. Therefore several colleges do offer this course online. In the online course study, an aspirant saves both time and cost. Moreover, this medium is suitable for those who do not wish to move from their hometown for course study or aspirants who are working simultaneously.
QS Rank
College/University
Country
Average Fee
561-570
The University of Nebraska-Lincoln
US
INR 24 Lakhs
=305
University of Massachusetts
US
INR 22 Lakhs
=285
North Carolina State University
US
INR 30 Lakhs
551-560
Lehigh University
US
INR 47.6 Lakhs
501-510
University of Dallas
US
INR 44.7 Lakhs
FAQ's
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.