Master of Arts in Economics Programme
Ashoka University’s Master's programme in Economics has been developed to provide students the opportunity to be trained in modern Economics by highly qualified economists. Our approach to Economics is a comprehensive one. We believe in teaching students both how to ask and address questions that are informed by economic theory as well as how to substantiate their arguments with rigorous data analysis. The coursework in the programme has been designed with the latest research in mind and draws on some of today’s most exciting research fields. At the end of the programme, students are expected to have state-of-the-art quantitative skills valued both in academia and in the corporate world.
Ashoka’s intellectually vibrant campus provides students an opportunity to engage in cross-disciplinary learning and be informed by the views of leading political scientists, sociologists, psychologists, historians, mathematicians and computer scientists, amongst others. The campus is an ideal space where students can grow—intellectually as well as professionally. Within a very short period, Ashoka has been recognized as a leading innovator in Indian higher education. The Master's program in Economics provides students an opportunity to leverage Ashoka’s growing stature and expanding networks to shape their future careers, whether it be in academia or beyond.
The Department of Economics at present has 16 permanent faculty members, with research and teaching interests that span a broad range of fields which include economic theory, game theory, behavioural economics, experimental economics, macroeconomics, monetary economics, economic growth, development economics, and different areas of applied microeconomics. More details about the Economics faculty can be found here: The Department of Economics Faculty List
The Master of Arts in Economics programme is a two-year, four-semester programme. Students will study 7 compulsory courses and an elective in the first year and at least 8 electives (or its equivalent) in the second year. In the first year, students grow deep roots in the foundations of modern economics as they are provided with a rigorous introduction to microeconomics, macroeconomics and econometrics. In addition, they take a course which advances their understanding of quantitative techniques and another in the sphere of development economics.
The Ashoka approach to Economics is fundamentally about bringing together cutting-edge economic theory and rigorous data analysis to address questions at the frontiers of research. The Masters Programme in Economics has been developed with this perspective. It will provide students not only the opportunity to be trained by highly qualified economists but also to leverage Ashoka’s growing stature and expanding networks to shape their careers, whether it be in the academy or beyond.
The Master's programme is a two-year, four-semester degree. Before the beginning of the semester, students will attend a mandatory Math Camp to brush up their quantitative skills. Students will study7 mandatory courses in the first year. These courses are:
Semester 1: Microeconomics 1, Macroeconomics 1, Econometrics 1, Quantitative Techniques
Semester 2: Microeconomics 2, Macroeconomics 2, Econometrics 2
In their second semester and over the second year, they will explore theoretical and research interests of their choice by taking elective courses in a wide number of subfields. Course descriptions for first-year courses and a tentative list of second-year electives can be found here: Graduate Economics Courses.
The economics department at Ashoka University has an agreement with MIT J-PAL under which up to 10 Masters students will be offered internships. The internship will be for approximately 7 months, starting from the end of the second semester to the end of the third semester. Students who are selected for the internship will have to enrol for two of the online MITx MicroMasters courses. There is no additional fee for these courses. The online instruction will be supplemented by regular sessions with designated Ashoka faculty. There will be examinations in these courses. Each course will count as one of the 16 courses required for the Masters degree.
During the internship, students will be provided training in RCT methodology by J-PAL. Each intern will also be assigned to a project. Students will be required to write a project report that will be considered as the Masters dissertation.