Master of Arts in Applied Economics is a postgraduate course in arts. The course duration is 2 years. The course study helps the student to gain academic competence in both theoretical and practical aspects of economics. The academic curriculum of the course reflects the most modern developments in the field of Economics. The areas of Financial Economics, Economic Theory, Quantitative Techniques, Management Principles, and Research Methods are mainly covered under the course. Upon completion of the course, students gain professional skills to perform well in the application area of economics.

Advantages or Benefits of Master of Arts in Applied Economics

The course study is much vital in the present time, as the same deals with the application side of economics. After completion of the course, the candidate can find enough higher study options and career in the related areas. The candidate can go for master of philosophy or doctorate level courses in applied economics or in related subjects. With respect to career perspectives, the course offers various career options in financial firms, in research and so on.

Eligibility required for Master of Arts in Applied Economics

Those who have completed their B.A degree with the following optional subjects

• Economics
• Foreign Trade
• International Business
• Business Economics
• Banking

B.Com degree holders who have studied the following subjects in their academics

• Economics
• Business Economics
• Managerial Economics
• Banking

Those who have studied courses like B. B. M / B.B.A / B.B.S / B.M.S, etc are also eligible to apply. The qualification must be from a reputed educational institution with minimum 50% marks.

Admission Procedure Master of Arts in Applied Economics

The admission to the course is offered on the basis of marks of the qualifying exam or on the basis of certain entrance exams. The details on the entrance test and the course details can be collected from the official website of the college that offers the course. The candidate should understand the application procedure in detail before applying for the course. The application obtained from the website must be filled correctly and submitted to the destination before closing date.

Colleges offering Master of Arts in Applied Economics

• Acharya Nagarjuna University, Nagarjunanagar, Guntur, Andhra Pradesh
• Andhra University, Vishakhapatnam, Andhra Pradesh
• Annamalai University, Annamalai Nagar, Cuddalore, Tamil Nadu
• Bharathiar University, Post Maruthumalai Main Road, Coimbatore, Tamil Nadu
• Bharathidasan University, Palkalaiperur, Tiruchirappalli, Tamil Nadu
• Bundelkhand University, Kanpur Road, Jhansi, Uttar Pradesh
• Christ University, Hosur Road, Bangalore, Karnataka
• D.G. Govt. Arts College for Women, Dharmapuram Road, Mayiladuthurai, Nagapattinam, Tamil Nadu
• Jagdishprasad Jhabarmal Tibrewala University, Jhunjhunu- Churu- Bishau Road Chudella, Juhnjhunun, Rajasthan
• Kannur University, Mangattuparamba, Kannur, Kerala
• Periyar E.V.R. College, Khajamalai, Trichi, Tamil Nadu
• Pondicherry University, R.V.Nagar, Kalapet, Puducherry
• Solapur University, Solapur-Pune National Highway, Kegaon, Solapur, Maharashtra
• Sri Krishnadevaraya University, Anantapur, Andhra Pradesh
• St. Aloysius College, Light House Hill Road Kodialbail, P B 720, Mangalore, Karnataka
• Telangana University, Dichpally, Nizamabad, Andhra Pradesh
• Utkal University, Vanivhar, Bhubaneswar, Orissa

Course Curriculum of Master of Arts in Applied Economics

Semester- I

• Micro Economic Analysis
• Development Economics: Concepts and Issues
• Statistical Techniques for Economic Analysis
• Research Methods in Economics
• Principles and Practice of Banking
• International Economic Environment

Semester-II

• Macro Economic Analysis
• International Economics
• Mathematical Techniques for Economic Analysis
• Health Economics
• Financial Institutions and Markets
• India’s Foreign Trade and Policy

Semester- III

• Monetary Economics
• Indian Economy
• Econometrics
• Management Concepts for Economics
• Economics of Insurance
• Industrial Economics
• Seminar Course

Semester-IV

• Public Economics
• Environmental Economics
• Operations Research for Economic Analysis
• Economics of Human Resource Development
• Development Banking
• Rural Credit and Finance
• Project (in lieu of optional paper)

Text Books on Master of Arts in Applied Economics

• Mathematics for Economists by Taro Yamane
• Statistics by Murray S. Speigel
• Probability by Murray S. Speigel
• Research Methodology- Methods and Techniques by C.R. Khothari
• Fundamental Methods of Mathematical Economics by Alpha C. Chiang
• Indian Economy y C.Ranga Rajan
• Indian Economy by Ruddar Dutt & KPM Sundaran
• Emerging Trends in Indian Economy by A.D.N. Bajpai, S.K. Chaubey, N.G.Pendsc, S.K. Shrivastava
• Socio-Economic Conditions of Gulf Migrants by A.C.K. Nambiar
• Second Generation Economic reforms in India by Ruddar Dutt
• Banking and Financial sector reforms in India by A.Banerjee & S.K.  Singh
• International Intuitions and Economic Development of Underdeveloped Countries by M.R.Aggarwal
• The South Asian Experience with Growth by Alluwalia, Isher Judge &WilIiainson, John
• Emerging Trends in Indian Economy by A.D.N. Bajpai, S.K. Chaubey, N.G.Pendsc, S.K. Shrivastava
• Socio-Economic Conditions of Gulf Migrants by A.C.K Nambiar
• Second Generation Economic reforms in India by Ruddar Dutt
• Banking and Financial sector reforms in India by A.Banerjee & S.K.  Singh
• International Instuitions and Economic Development of Underdeveloped Countries by M.R.Aggarwal
• The South Asian Experience with Growth by Alluwalia ,  Isher Judge &WilIiainson, John
• Economic Theory and Operations Analysis by William J  Baumol
• Optimisation   Theory    and   Applications by Rao  S S
• Operations Research - An Introduction by Taha  H.A
• Operations Research by Kanthi   Swarup Gupta   and   Man   Mohan
• Operations Research, Principles and Practice by Philips Ravindran and Solberg
• Fundamentals of Queuing Theory by Gross and Harris

Job and Career after Master of Arts in Applied Economics

As the course offers much emphasis on application, the students can expect lot of job opportunities immediately after completion of the course.  Mathematical and statistical methods are mainly used in solving the real world economic problems. These candidates are mostly recruited in governmental organizations like Directorate of Economics and Statistics, National Sample Survey Organization, etc. The main role of these professionals in these sectors is in strategic policy making, financial planning, rural development, and so on. They can also perform well in areas of Environment, Industry, Commerce, International Trade, Public Finance, and so on.  The candidate can get in to writing or editing jobs in media and journalism field also. Banking and academics are other areas where these candidates can search for job vacancies.

Remuneration after Master of Arts in Applied Economics

The salary packages offered for Economist is Rs. 10000/- to Rs. 12000/-per month in governmental firms. Those who get in to the role of chief economist in banks can expect salary packages of about 6 million per annum. Salary packages may vary with the nature of the job and the industry where the candidate is involved to work with. The initial level salaries of the candidates will be low, which grows by increasing seniority.