Quality education is essential to human capital development. Select institutions in India, such as IIT Madras, are able to achieve academic excellence in both teaching and research. Spreading over four semesters, the Economics Program will contribute in multiple ways to producing quality graduates in economics. These students will have solid theoretical knowledge in economic sciences through eleven core courses. Competing and application-based elective courses will make students familiar with the recent developments in the field. Students will have the option to take two elective courses related to development studies, management studies, mathematics, computer sciences and other allied disciplines and departments of the Institute. A robust MA Research Project and a course on Research Methodology will help students develop better research aptitude.

With the expansion of the market and technology, the demand for sound economists continues to grow worldwide. This demand exists both in the public sector (e.g., Central Banks, other Nationalized Banks, and International Organisations like the IMF, the World Bank, and others) and in the private sector (e.g., private and foreign commercial banks, investment companies, and others).