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IGNOU’s Master of Arts in Economics (MEC) – Programme Guide

Published on Monday December 6, 2021 20:27 by Editor

IGNOU's Master of Arts in Economics (MEC) programme gives students the chance to pursue Economics at a more advanced level. Along with the core courses taught by other universities, it also covers topics in the emerging fields of economics, such as insurance, finance, and public policy, that are likely to be beneficial given the current liberalization and globalization of the economy. Further, IGNOU's Master of Arts in Economics (MEC) course gives students the opportunity for interdisciplinary studies such as Public Policy and E-Governance.

Topics
  1. Eligibility Criteria
  2. Duration
  3. Medium of Instruction
  4. Credit System
  5. The Structure

Eligibility Criteria

  • As part of IGNOU’s commitment to ensuring both 'openness' and 'flexibility', students with a Bachelor's degree from a recognized university, regardless of their major, including those without graduate-level economics training are considered eligible for Masters of Art in Economics (MEC). 
  • Admission to the program does not require an entrance test. 
  • Applicants of any age can apply. 
  • There are some courses that require a certain level of mathematical understanding, in particular calculus and linear algebra. As such, students should be proficient in the basic mathematics covered at the +2 level.
  •  Academic programmes at IGNOU do not recognize master's degrees awarded without a first degree.

Duration

  • Minimum Duration - 2 years
  • Maximum Duration - 5 years

Medium of Instruction

IGNOU's MEC courses are available in both English and Hindi. Students applying for admission into the programme must select a medium of study.

Credit System

Several of the University's programs, including MEC, use the credit system. IGNOU's credit system for MEC equates one credit to 30 hours of student study (reading and understanding print materials, listening to audio-based materials, watching video-based materials, attending counselling, teleconferencing, and writing assignments). Students must complete 66 credits to earn the MA (Economics) degree.

The Structure

There are 66 Credits across 11 Courses in the Programme. There are nine mandatory courses and two optional courses. During the first year, five courses are compulsory. Second-year students must complete four compulsory courses and two optional ones.

Below is the list of courses taught in IGNOU's Master of Art in Economics (MEC):

S.No. Course Code Course Title Course Type Credits Blocks

 

First Year Courses

 

1. MEC-101 Microeconomic Analysis Compulsory 6 7
2. MEC-102 Microeconomic Analysis Compulsory 6 7
3. MEC-103 Quantitative Methods for Economic Analysis Compulsory 6 6
4. MEC-104 Economic Growth and Development Compulsory 6 6
5. MEC-105 Indian Economic Policy Compulsory 6 6

 

Second Year Courses

 

6. MEC-006 Public Economics Compulsory 6 5
7. MEC-007 International Trade and Finance Compulsory 6 6
8. MEC-108 Economics of Social Sector and Environment Compulsory 6 6
9. MEC-109 Research Methods in Economy Compulsory 6 5
10. MECE-001 Economic Methods Optional 6 5
11. MECE-003 Actuarial Economics: Theory and Practice Optional 6 7
12. MECE-004 Financial Institutes and Markets Optional 6 5
13. MECP-101 Project Work Optional 6 Project Guide
14. MGSE-009 Gender Issues in Work Employment and Productivity Optional 4 3
15. MWG-011 Women in the Economy Optional 8 6
16. MEDSE-046 Development Issues and Prospectives Optional 6 5

 

MECE-001: Econometric Methods and MECE-003: Actuarial Economics: Theory and Practice are both quite mathematically oriented. MWG-11: Women in the Economy, and MGSE-009: Gender Issues in Work, Employment, and Productivity will need to be taken together.

Note: Students can also access the Student Handbook and Prospectus through the university's website, http://www.ignou.ac.in/.

Disclaimer: The information provided here is not comprehensive and should not be taken as such. Accordingly, this article may not list some courses. Students should contact the university if they have any questions about a course.

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