About the course
MCom in Economics is a postgraduate program that focuses on advanced studies in economics and its applications in business, finance, and policymaking. The course provides students with in-depth knowledge of economic theories, quantitative techniques, and analytical tools required to solve real-world problems in various economic domains.
M.Com Applied Economics or Master of Commerce in Applied Economics is a Post-Graduate Economics course. Applied economics is a term that refers to the application of economic theory and analysis. While not a field of economics, it is typically characterized by the application of economic theory and econometrics to address practical issues in a range of fields. These are labor economics, industrial organization, development economics, health economics, monetary economics, public economics, and economic history.
The duration of the Master of Commerce degree program in Applied Economics is mostly two academic years but it may vary from institute to institute. The syllabus for the Master of Commerce course in Applied Economics is divided into four semesters and it is career-orienting in nature that opens many options after its completion.
Eligibility
- A Bachelor’s degree in Commerce, Economics, or a related field (e.g., BCom, BA in Economics, BBA, or similar courses).
- Typically, candidates must have secured at least 50%-55% aggregate marks in their undergraduate degree.
- Relaxation of 5% is usually provided for candidates from reserved categories (SC/ST/OBC).
- There is generally no age limit for pursuing MCom in Economics.
- Some universities may require candidates to have specific undergraduate coursework, such as Microeconomics, Macroeconomics, or Quantitative Methods.(For certain institutions)
Why to study MCom Economics
- A strong career in economic research and policy-making.
- Growing demand for economists due to globalization and the need for data-driven decision-making.
- Opportunities in diverse fields such as finance, public policy, and academia.
- Studying MCom in Economics offers numerous personal, academic, and career benefits. It provides in-depth knowledge of economics and its practical applications, equipping students with advanced skills for a variety of career paths
- An MCom in Economics helps students develop a deeper understanding of economic theories, quantitative techniques, and real-world economic applications
- It allows specialization in areas like international trade, development economics, public policy, econometrics, and environmental economics.
- The program prepares you to address global and national challenges like inflation, unemployment, poverty, and financial crises.
- Studying MCom in Economics is an excellent choice for anyone interested in understanding and solving economic challenges while building a versatile and impactful career. The course’s scope, combined with the demand for skilled professionals, makes it a valuable investment in your academic and professional grow
Scope of MCom Economics
- The scope of MCom in Economics is vast and diverse, offering opportunities across multiple sectors. With its focus on advanced economic theories, quantitative techniques, and real-world applications, the course equips students to work in academia, government, finance, corporate roles, and even international organizations.
- Economist: Work with government departments like the Ministry of Finance, NITI Aayog, Reserve Bank of India (RBI), or state-level economic development boards.
- Indian Economic Services (IES): Appear for IES exams to work as an economic advisor for the Government of India.
- Provide economic consultancy services to businesses, governments, or social organizations working on sustainable development, poverty alleviation, or financial literacy.
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Career Opportunities:
Top 10 colleges in India
| S.NO | NAME OF THE COLLEGE | AVERAGE PACKAGE | NO OF SEATS | PLACE |
|---|---|---|---|---|
| 1 | Delhi School of Economics (DSE) | RS.6-18 LPA avg | 130 approx | Delhi |
| 2 | Banaras Hindu University (BHU) | Rs.4-12 LPA avg | 80-100 approx | Varanasi, Uttar Pradesh |
| 3 | Jawaharlal Nehru University (JNU) | Rs.3-8 LPA avg | 50-60 approx | Delhi |
| 4 | University of Mumbai | Rs.3.5-8 LPA avg | 60-80 approx | Mumbai |
| 5 | Calcutta University | Rs.3-7 LPA avg | 50-60 approx | Kolkata, West Bengal |
| 6 | University of Hyderabad | Rs.5-15 LPA avg | 40-50 approx | Hyderabad, Telangana |
| 7 | Osmania University | Rs.4-8 LPA avg | 50-60 approx | Hyderabad, Telangana |
| 8 | University of Madras | Rs.4-10 LPA avg | 40-50 approx | Chennai,Tamilnadu |
| 9 | Aligarh Muslim University (AMU) | Rs.4-12 LPA avg | 60-70 approx | Aligarh, Uttar Pradesh |
| 10 | Punjab University (PU) | Rs.8 LPA avg | 50-60 approx | Chandigarh |
Syllabus of the Course
YEAR 1
| SEM 1 | SEM 2 |
|---|---|
| Advanced Economic Analysis | Advanced Economic Analysis II |
| Accounting for Financial Decisions | Accounting for Financial Decisions II |
| Business Environment | Foreign Exchange Management |
| International Trade | Quantitative Techniques for Economic Analysis |
| Industrial Economics | International Banking |
| Statistical Analysis | Rural Economics |
YEAR 2
| SEM 3 | SEM 4 |
|---|---|
| Business Economics | Economics of Public Enterprises |
| Demography and Population Study | Environment and Resource Economics |
| Economics Development and Planning (With Special Reference to India) | Monetary Theory and Practice |
| Foreign Trade Policy Procedures & Documentation | Small Business & Entrepreneurial Skills |
| India and the World Economy: In Perspective | Transport Economics and Logistics |
| Labor Economics | Research Methodology |
| Public Utility Economics | - |
Fees Structure
| TYPE OF QUOTA | AVERAGE FEES PER YEAR |
|---|---|
| Government Quota | RS.10,000 - 35,000 approx |
| Management Quota | Rs.50,000 - 2,00,000 approx |
Job Roles
- Economist:Analyze economic data, trends, and policies to provide insights and solutions for businesses or government projects.
- Financial Analyst:Evaluate financial data, forecast trends, and provide investment advice for companies or clients.
- Investment Banker:Assist clients in raising capital, mergers and acquisitions, and financial strategy.
- Policy Analyst:Evaluate the impact of economic policies and suggest improvements or new strategies.
- Lecturer/Professor:Teach economics and commerce subjects in universities or colleges.