IIT Madras – Humanities and Social Sciences

Department of Humanities & Social Sciences

Indian Institute of Technology Madras

2-year M.A. in Economics

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).

Semester1
Sl. No.Course CodeCourse TitleCreditCourse Type
1HS5701Microeconomics 110Core
2HS5702Macroeconomics 110Core
3HS5703Statistical Inference10Core
4HS5704History of Economic Thought10Core
5HS5705Mathematical Economics10Core
Total Credits50
Semester2
Sl. No.Course CodeCourse TitleCreditsCourse Type
1HS5706Microeconomics 210Core
2HS5707Macroeconomics 210Core
3HS5708Econometrics 110Core
4HS5712Advanced Topics in Economic Development10Core
5HS5709Indian Economy10Core
Total Credits50
Semester3
Sl. No.Course CodeCourse TitleCreditCourse Type
1HS5710Econometrics 210Core
2HS5550Research Methodology9Core
3Elective 1 9See List of Electives
4Elective 2 9See List of Electives
5Elective 39See List of Electives
6Free Elective 1  9Any non-Economics Elective
Total Credits55
Semester4
Sl. No.Course CodeCourse TitleCreditsCourse Type
1Elective 49See List of Electives
2Free Elective 2 / Elective 59Any non-Economics Elective/ See List of Electives
3MA Project27Elective
Total Credits45
Grand Total Credits200

Sl. No.Course CodeCourse TitleCreditsCourse Type
1HS6730Economics of Healthcare9Elective
2HS5125Global Health and Policy9Elective
3HS5751Labour Economics9Elective
4HS5752Agricultural Economics9Elective
5HS5753Industrial Economics9Elective
6HS5754Law and Economics9Elective
7HS5755MNCs and Economic Analysis9Elective
8HS5360Public Economics9Elective
9HS4870Climate Economics9Elective
10ID5070Energy Economics9Elective
11HS6510Applied Econometrics9Elective
12HS6140Production Economics: Efficiency and Productivity Analysis9Elective
13HS6020Uncertainty, Asset Pricing and Empirical Aspects of Financial Markets9Elective
14HS4007Computational Economics and Public Policy9Elective
15HS6210Financial Economics9Elective
16HS5756Behavioural Economics and Finance9Elective
17HS5757Corporate Social Responsibility: Integrating Business, Environment, and the Society9Elective
18HS5758Economics of Artificial Intelligence9Elective
19HS6550International Economics9Elective
20HS5759Applied Industrial Organization9Elective
21HS4330Environmental & Resource Economics9Elective