MA Economics

• About Masters of Arts In Economics (M.A. Economics)

  

  A Master of Economics degree is geared towards enabling students who already have a solid base of economics-based knowledge to learn how to apply these economic principles to real-life situations. As most economics graduates would tell you, a Master degree in Economics allows you to hone your analytical skills, to utilize your expertise to come up with innovative solutions to a diverse range of problems, and to learn how to master various econometric techniques and software. Given the broad scope of scenarios in which such a skills-set can apply to, a Master of Economics degree is rapidly becoming a popular choice for those pursuing graduate studies, alongside courses such as Finance, Accounting, and Management.

• Programme Objectives

  The Master’s program in economics offers a balance between theories of microeconomic, macroeconomic, and econometrics alongside their scientific applications. There exists an opportunity to avail live experiential learning in the form of internships and also focusing on research undertaking pertaining to economic policy issues with access to empirical data. Developing core competencies on critical thinking skills, hypothesizing and solving problems, data acquisition skills, data analysis techniques, the application of economic theory to analyze economic data, writing and reporting skills, and competency in the use of computer software. With active placement cell there will be scope for creating job opportunities in a wide variety of fields which include professional careers in business, banking, financial services, federal, state and local government, consulting, and not-for-profit organizations.

  At Birla Global University, we aim to design and conduct our Master’s program in economics with a solid foundation for pursuing higher education like a Ph.D. degree in economics or further graduate studies in related fields such as management, business and law.

• Minimum Eligibility & Selection Criteria

  • Minimum Eligibility

    Any graduate with 50% marks from any recognized university having Economics as a subject in graduation level shall be eligible to apply for admission. Candidates appearing for their final year graduation examination must submit their mark sheet immediately on the receipt of the same.

  • Selection Criteria

    Students would be admitted to the programme on the basis of merit (Percentage of marks secured in 10th, 12th and Graduation) and also their performance in the Personal Interview.

• Special Features of The Program

  Each subject course offered in the Masters programme in Economics has a unique blend of historical economic thought and modern tools for analysis. For example, in case of a specialization subject ‘Energy Economics and Sustainable Development’ the special issue and relevance is outlined in the following passage: Energy in many forms have critical measures for economic development equipped with security, mobility, electricity, technology and many more. Among four factors of production i.e. land, labor, capital and organization, energy undoubtedly surfaces as the fifth factor admitting natural resources which offer the renewables. ‘Although useful energy is scarce and, hence, is not free, it is hard to imagine truly running out of energy (E) any time soon, as it is all about us. Energy, as Einstein’s famous equation (E = mc2) points out, is strongly tied to another fundamental concept in the universe, mass (m).’- Carol A. Dahl (International Energy Markets). An energy market is essentially pricing and distribution of energy in an economy or worldwide. Today like the stock markets, energy markets offer area-wise bids to purchase and sell in secondary market platforms like energy exchanges, renewable energy certificates, climate bonds etc. innovations in terms of product upgradation, new service facilities, technological advancement and new creation adds to the scope and utility of energy. ‘The student is expected to discover the significance of energy economics. Apart from coursework curriculum, there is an inclusive short term project for blending conceptual cognition into practical experience of the student.

  • Observation and inquiry about value and valuation of energy consumption
  • Price volatility impediments to energy security
  • Methodological Economic Models in production, consumption and trade of energy
  • Role of innovation in Electricity Mix (Energy efficiency and Energy dependence)
  • Framework of energy market in India particularly in Odisha
  • Graphical explanation on Market Coupling and Day Ahead Market Prices
• Facilities For Learning

  We offer access to large research repository, library books, e-books, journal data base, magazines and software. Hostel life is equally exciting with provisions for a fully equipped campus life with most amenities. We also schedule visiting lecture modules and corporate talk to facilitate the overall learning experience and make it a highly engaging effort.

• Guidelines For MA Economics
  • Pattern of Assessment – Semester.
  • Components of Assessment like Presentation / Seminar / Mid. Sem. / End Semester: 30:70 assessments for internal and end-term examination evaluation
  • Marks of the components of Examination.
    • Internal Assessment: (30 Marks) 10 Marks Seminar
    • Presentation: 10 Marks Quiz Test/Research Write Up
      10 Marks Project/Lab based/Assignment
    • End Term Assessment: (70 Marks)
  • Grading: (Absolute / Relative).
  • Time of Examination of Each component: As notified by the Controller of Examination BGU
  • No. of days after which examination result is to be published: As notified by the Controller of Examination BGU
  • Duration of course: 2-year full time P r o g r a m (Maximum 4 years of time allowed for completion)
  • Condition for enrolment to the examination and manner of enrolment.: 1st semester enrollment is compulsory. Last date of admission will be adhered.
  • Eligibility for Back / Repeat Examination: (Maximum time duration for completion of MA Economics is 4 years from the date of registration and 1st Semester enrollment is compulsory.)

  The Program structure and any matter regarding the program is subject to change in consultation and approval of the competent authority of the university

• The Regulation
  • The Master of Arts (Economics), Under CBCS, is a two year full time degree programme. After successful completion of the course, MA (Economics) will be awarded to the successful students.
  • Span of the Course:– No student shall be allowed to appear any examination of MA (Economics) course after completion of 4 years from, the date of admission into the course.
  • Duration of the course:– the MA (Economics) course is of two years duration consisting of 4 semesters. The 1st & 3rd semesters (Odd Semesters) will commence from July to ber and the 2nd & 4th semesters (Even Semesters) will commence from January to June.
  • Number of Papers
    
    

    Semester	No. of Papers	Credit	Marks
    I	5	25	500
    II	5	25	500
    III	5	25	500
    IV	5	25	500
    Total	20	100	2000

  • Eligibility for Admission Any graduate with 50% marks from any recognized university having Economics as a subject in graduation level shall be eligible to apply for admission. However, the school of humanities and social science reserves the right to admit students on the basis of written examination and GDPI provided the applicant fulfills the above criteria.
  • Attendance: A student has to secure a minimum of 75% of attendance in each paper of a Semester to be permitted to sit for the Semester examination. In case a candidate is unable to acquire the stipulated attendance at the end of any Semester, he/she shall not be allowed to appear the end semester examination of that semester.
  • Classes: Each Course of 4 Credit shall be assigned 40 lecture classes.
  • Scheme of Examination and Evaluation:
    • Examination Components & Duration: Each Semester examination shall consist of a mid-semester examination and end-semester examination with weightage of 30% and 70% respectively. The mid-semester examination shall be of one/three hours durations and the end-semester examination shall be of three/six hours duration for non-practical/ practical subjects.
    • Back/Repeat A student has to clear back papers of odd/even semesters by appearing at subsequent odd/even semester examinations till the span period of the course. A candidate who appears back/repeat examination shall not be considered for award of Gold Medal.
    • Evaluation System: The semester system of examination will have internal system of valuation with a Board for Conducting Examiners to pass the result. The examiners will be decided by the Faculty Council of the respective School.
    • Publication of Results. The result will be published within one month from the date of last examination held.
    • Grading System: Grade Mark Secured from 10 Points
      
      

      Grade	Mark Secured from 100	Points
      ‘ O ‘	90 – <= 100	10
      ‘ A+ ‘	80 – < 90	9
      ‘ A ‘	70 – < 80	8
      ‘ B ‘	60 – < 70	7
      ‘ C ‘	50 – < 60	6
      ‘ P ‘	40 – < 50	5
      ‘ F ‘	Below 40	0
      ‘ Ab ‘	Absent	0

      • N.B. A Candidate has to secure 40% or above to pass in each of the Papers and 50% in aggregate to pass the examination. There shall be no provision for third class.
      • A transitory letter grade I shall be introduced for cases where the results are incomplete. This grade shall automatically be converted into appropriate grade(s) as and when the results are complete.
      • A student’s level of competence shall be categorized by a GRADE POINT AVERAGE to be specified as:
        SGPA – Semester Grade Point Average
        CGPA – Cumulative Grade Point Average
        (a) POINT – Integer equivalent of each letter grade
        (b) CREDIT – Integer signifying the relative emphasis of individual course item(s) in a semester as indicated by the Course structure and syllabus.
      • In addition to the points, actual marks secured shall also be reflected in the Grade Sheet / Transcript.
      • The details of grading shall be printed on the back side of the University Mark Sheet.
    • Credit Transfer: There shall be a committee consisting of 3 experts from among the faculty of Schools to take appropriate decision on credit transfer in case of equivalent course.
    • Unfair means in Examination: Any unfair means adopted by any examinee in any examination conducted by the University shall be punishable as per rules of the University.
    • Application of Grace: The Board of Conducting Examiners is empowered to decide on the extent of application of grace subject to a maximum of 0.5% of the semester total for award of ‘B’ grade in a semester and 1% of the aggregate subject to 2 marks in a single paper.
• Fee Structure

  Academic Fees for MA (Economics)

  Course	Fee per Semester (INR)	No. of Semesters	Total Course fee (INR)*
  MA Economics	35,000	4	1,40,000

  • * The effective course fee will be applicable to students scoring more than 60% throughout their career.
  • Students having higher percentage throughout career will be eligible for higher scholarship. (Click here to view scholarship section)
  • Students are required to maintain consistency in percentage to continue with the scholarship.
  • In addition to this fee, students have to pay the security deposit (15,000 INR) and Medical insurance (3000 INR PA).

  Hostel (Optional)
  Lodging & Boarding expenses (Subject to revision every year)

  Double Occupancy (In Campus)

  Installments	1st Installment	2nd Installment	3rd Installment	4th Installment
  Due Date	15th June 2021	15th Dec 2021	15th June 2022	15th Dec 2022
  Lodging (A/C Accommodation)	Rs. 35,200.00	Rs. 35,200.00	Rs. 35,200.00	Rs. 35,200.00
  Boarding	Rs. 36,000	Rs. 36,000	Rs. 36,000	Rs. 36,000
  Laundry	Rs. 3,000	Rs. 3,000	Rs. 3,000	Rs. 3,000
  Total Charges	Rs. 74,200.00	Rs. 74,200.00	Rs. 74,200.00	Rs. 74,200.00

  Note:

  • * Two separate Demand Drafts should be made for Lodging & Mess charges respectively as per any one of the options given in the above table.
  • Student should preserve this schedule for timely payment of fees to avoid penalty for late fee deposition.
  • No notice or reminder will be sent to student or his/her parents.
  • No separate letter will be issued for Bank Education Loan.
  • Demand Draft should be made in the name of “BIRLA GLOBAL UNIVERSITY” Payable at Bhubaneswar.
    NAME OF THE ACCOUNT HOLDER – BIRLA GLOBAL UNIVERSITY
    BANK NAME – UCO BANK
    ACCOUNT NUMBER – 31090110011430
    IFSC CODE – UCBA0003109
• Programme Structure

  (UNDER CBCS PATTERN)

  Semester	Code	Course Title	Type	Credit
  SEMESTER-I	ECOC101	Microeconomic Analysis	C-I	4
  	ECOC102	Macroeconomic Analysis	C-II	4
  	ECOC103	Mathematics for Economics	C-III	4
  	ECOC104	Statistics for Economics	C-IV	4
  	ECOC105	Indian Economic Analysis	C-V	4
  		Sub-Total		20
  SEMESTER-II	ECOC201	Advance Microeconomic Analysis	C-VI	4
  	ECOC202	Advance Macroeconomic Analysis	C-VII	4
  	ECOC203	Basic Econometrics	C-VIII	4
  	ECOC204	Economics of Growth and Development	C-IX	4
  	ECOG-1	Generic Elective Course-I Financial Institutions and Markets	GEC-I	4
  		Sub-Total		20
  SEMESTER- III	ECOC301	Public Economics	C-X	4
  	ECOC302	Research Methodology	C-XI	4
  	ECOG-2	Generic Elective Course-II Computer Application in Economic Analysis	GEC-II	4
  	ECOE 301	Discipline Specific Course-I (Any One from the Following Course) Advanced Econometrics (Course Code:ECOE301AE) Environmental Economics (Course Code:ECOE301EE) Agricultural Economics (Course Code:ECOE301AG)	DSE -I	4
  	ECOE302	Discipline Specific Course-II (Any One from the Following Course) Time Series Econometrics (Course Code:ECOE302TE) Economics of Natural Resources (Course Code:ECOE302NR) Rural Economics (Course Code:ECOE302RE)	DSE -II	4
  	SEC-1	Skill Enhancement Courses-I Personality Development for Corporate Readiness	SEC-I	2
  		Sub-Total		22
  SEMESTER- IV	ECOC401	Dissertation	C-XII	8
  	ECOC402	International Trade	C-XIII	4
  	ECOE 401	Discipline Specific Course-III (Any One from the Following Course) Financial Econometrics (Course Code:ECOE401FE) Regional Economics (Course Code:ECOE401RG) Urban Economics (Course Code:ECOE401UE)	DSE -III	4
  	ECOE 402	Discipline Specific Course-IV (Any One from the Following Course) Game Theory and Its Applications in Economic Analysis (Course Code:ECOE402GT) Health Economics (Course Code:ECOE402HE) Education Economics (Course Code:ECOE402ED)	DSE -IV	4
  		Sub-Total		20
  			Total Credit	82