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Economics is one of the major branches of social science. Economics is concerned with the study of production, distribution, and consumption of goods and services. The field of economics is further divided into macroeconomics and microeconomics. Microeconomics studies economics at an individual level or group level whereas macroeconomics studies the national economy as a whole which involves countries and governments. Economists can work in a wide variety of settings including in the foreign sector, government organizations, corporate sector, academics, health sector, business, research firms, international organizations, etc. In this article, we will be looking at the top best colleges for economics in India where you can pursue a master’s degree in economics.

1. Delhi School Of Economics

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Delhi School of Economics was set up in 1949 and is one of the oldest departments under the University of Delhi. The department offers an MA, MPhil, and Ph.D. in Economics. Excellent infrastructure, computing facilities, well-stocked Ratan Tata library, lecture theatres, and classrooms with well-equipped audio-visual facilities are some of the facilities this department offers.

There are two criteria for selection and admission – merit-based and admission test. Anyone who has completed a BA in Economics at the University of Delhi with a minimum of 60% marks can apply on a merit basis. Students who have completed a bachelor’s degree from any branch under the university of Delhi or any other university recognized by the University of Delhi, and have secured a minimum of 60% marks can apply for the admission test. The admission test consists of multiple-choice questions only, with negative marking for wrong answers. The test measures candidates’ knowledge in microeconomic theory, macroeconomic theory, mathematics, probability, statistics, and elementary econometrics. The admission procedure follows the reservation criteria. There are several scholarships available for eligible students like Exim Bank Scholarship, Prof. S. D. Tendulkar scholarship, etc.

2. St. Stephens College


St. Stephens College was established in Delhi in the year 1881, under the University of Delhi. For admission for M.A Economics at St Stephen’s, an applicant must apply separately through this college’s postgraduate portal after completing all due process at the University of Delhi’s portal. Admission is based on the marks obtained in the entrance test or marks obtained before graduation, depending on the mode of admission.

This department is known for its excellent placement opportunities. Based on need or merit, scholarships are also provided to the students.

3. Indian Statistical Institute

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Indian Statistical Institute located in Kolkata offers a Master of Science degree in quantitative economics. This program mainly focuses on the applications of economics including its quantitative methods. The applicants to this course should have completed a three-year Bachelor’s degree in Economics and Mathematics. The selection of candidates for this program is based on performance in written tests and subsequent interviews. The written admission tests comprises of multiple-choice in questions both Economics and Mathematics at the undergraduate level.

Students admitted to this course are given a monthly stipend of Rs.800 and an annual contingency grant of Rs.1250. The program comprises 14 compulsory courses and 6 optional courses including a dissertation, spanning over four semesters

4. Chennai Loyola College


Loyola College is a private catholic higher education institution located in Chennai, Tamil Nadu and was established in 1925, and is affiliated with the University of Madras. Loyola College offers BA, MA, MPhil, and Ph.D. in the discipline of Economics

Aspirants who have completed their bachelor’s in Economics from any recognized university can apply for the postgraduate course in Economics

The selection is based on an entrance test, followed by an interview conducted by the institute.

5. Madras Christian College

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Madras Christian College founded in 1837 is an autonomous institution affiliated with the University of Madras, which offers courses in liberal arts and sciences

MCC offers BA, MA, MPhil, and Ph.D. programs in Economics. Candidates who graduated with at least 50% aggregate marks from any recognized university can apply for the postgraduate program offered by the institution.

Students are provided with the opportunity to specialize in areas including Development Economics, Environmental Economics, Econometrics, Mathematical Economics, Money and Finance, Institutional Economics, Micro, and Macro studies.

6. Christ University, Bangalore


Christ University is a deemed university established in 1969 as an autonomous college in Bangalore, Karnataka. This institute provides students with excellent infrastructure and an excellent curriculum.

Students who have completed their graduation with a minimum of 50% marks can apply for the postgraduate course. The admission procedure includes three steps: entrance test, skill assessment- an aptitude test, and personal interview.

The program has a combination of courses related to economic theory, methodology, and two streams of specializations. After the completion of the course, students can pursue careers in academics, business consulting and analytics, civil society and activist organizations, the public sector, and international civil services.

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