IGNOU Master of Arts in Economics (MEC)

Published on Monday July 25, 2022 09:58 by Umesh Singla

The IGNOU international division offers selected courses to FRSIs (through Regional Centres in India) and to Overseas Students (through Overseas Study Centres of the University). The international division has expanded its academic courses and different regional centres in various parts of South Asia, the Middle East, and African nations.

The Programme offers an opportunity to learners for higher studies in Economics. Besides offering the core courses available in other universities, it includes themes in some of the emerging areas in economics such as insurance and finance that are expected to be extremely useful in the present scenario of economic liberalization and globalization. Some of the courses require an understanding of mathematical applications, particularly calculus and linear algebra. Students are expected to be conversant with basic mathematics covered at the +2 level. The Programme comprises 66 Credits covered through 11 Courses, 9 compulsory and 2 optional. All the courses covered in the first year are compulsory. In the second year, the first four courses are given in the list below (MEC6, MEC7, MEC108 and MEC109) are Compulsory while the rest are optional.

IGNOU MEC Overview

MEC OR Master of Arts in Economics is a Master's degree conferred to students. Like any other college course, the MEC course duration is a minimum of 2 years and  maximum of 4 years.

With the academic session of July 2022, the IGNOU has adopted the Choice Based Credit System presented by the University Grants Commission. The Choice-based Credit System, which is on offer at the Master's degree level, gives adaptability to the students to study the subjects/courses of their needs and interests.

Eligibility Criteria for MEC

Eligibility: Bachelor’s Degree or a higher degree from a recognized University.
Medium of Instruction: English & Hindi
Duration: Minimum 2 years and Maximum 4 years; offered in both January & July cycle of admissions.
Fee Structure: Rs. 16400/- for the full programme to be paid year wise @Rs. 8200/- per year

MEC Course Details

  • MEC stands for Mathematics, Economics, Commerce
  • Students can choose to study MEC group subjects after their Matriculation
  • MEC course offers various career opportunities in the Commerce stream
  • MEC course offers various career opportunities in the Arts stream
  • MEC course offers various career opportunities in Education and Teaching field.
  • Students can pursue their diploma courses and certification courses in MEC subjects. After successful completion of courses, employment opportunities increases.
  • In MEC Course, Mathematics is useful in the development of the brain and various aspects of students.
  • In MEC Course, Economics helps students  understand the economy of the nation and it is a vast subject in the Humanities stream.
  • In MEC Course, Commerce helps students to understand trade and business.
  • There are various top universities in the world which offer various courses in Mathematics, Economics and Commerce subjects.

Following Are the IGNOU MEC Courses Offered for Students

First Semester

Course Code Title of the Course Credits
MEC-101 Micro Economic Analysis 6
MEC-002 Macro-Economic Analysis 6
MEC-103 Quantitative Methods for Economic Analysis 6
MEC-004 Economics of Growth and Development 6
MEC-105 Indian Economic Policy 6

Second Semester

Course Code Title of theCourse Credits
MEC-006 Public Economics 6
MEC-007 International Trade and Finance 6
MEC-108 Economics of Social Sector and Environment 6
MEC-109 Research Methods in Economics 6
Optional Courses (Choose 12 Credits Only)
MECP-101 Project Work- MECP-101 6
MECE-001 Econometric Methods 6
MECE-003 Actuarial Economics: Theory and Practice 6
MECE-004 Financial Institutions and Markets 6
MECE-002 Computer Applications in Economic Analysis 6
MPA-15 Public Policy and Analysis 8
MPA-17 Electronic Governance 4

NOTE:- Student Handbook and Prospectus are also available on the university’s website www.ignou.ac.in. Information about the courses provided here is partial and should not be treated as comprehensive. i.e. The university would be offering another course than those mentioned here. Students are advised to check with the university for the latest information in regard to the course.