Kolkata's Presidency University was initially founded as the Hindu University in 1817 and was renamed in 1855. It is one of the oldest and most famous universities in India. Located in Kolkata, West Bengal, the university has a long tradition of contributing to India's intellectual and cultural fabric. It has produced many notable alumni, including philosopher Swami Vivekananda, nationalist leader Subhash Chandra Bose, economist Amartya Sen, and film director Satyajit Ray. Known for its humanities and science programs, Presidency University is at the forefront of academic and research excellence. It plays a vital role in India's education and social reform movements.
Economics Department Overview
The Department of Economics at Presidency College has a rich legacy, dating back to its foundation in 1908. Over the long time, it has advanced to meet the changing demands of economic research and education. One critical advancement was the introduction of the Master of Science (MSc) in Applied Economics program in 2005. This program aimed to prepare students with both theoretical knowledge and practical skills necessary for cutting-edge research and empirical analysis.
Program Overview
Duration: The MSc in Applied Economics is typically a two-year program.
Curriculum: The curriculum integrates theoretical foundations with applied methodologies, emphasizing empirical research.
Software Skills: Students are introduced to econometric/statistical software tools, enabling them to analyze real-world economic data effectively.
Faculty: The department boasts a distinguished faculty with expertise in various fields of economics.
Course Structure
The MSc in Applied Economics program consists of four semesters. Let’s delve into the course structure:
Semester 1:
Microeconomics (100 marks)
Content: Advanced consumer theory, production and cost functions, market structures (perfect competition, monopoly, oligopoly), game theory, welfare economics.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Macroeconomics (100 marks)
Content: Economic growth models, business cycles, monetary and fiscal policy, IS-LM model, AD-AS model, open economy macroeconomics.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Mathematical Methods for Economics (100 marks)
Content: Calculus, linear algebra, optimization techniques, differential equations, dynamic systems.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Statistics for Economists (100 marks)
Content: Descriptive statistics, probability theory, statistical inference, hypothesis testing, regression analysis.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Semester 2:
Econometrics I (100 marks)
Content: Simple and multiple linear regression, estimation, hypothesis testing, problems of multicollinearity, heteroscedasticity, autocorrelation.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Public Economics (100 marks)
Content: Public goods, externalities, taxation, public expenditure, fiscal federalism, cost-benefit analysis.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Development Economics (100 marks)
Content: Theories of economic development, poverty and inequality, population growth, agricultural and industrial development, sustainable development.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Elective Course (100 marks)
Options: International Trade, Labor Economics, Environmental Economics, etc.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Semester 3:
Econometrics II (100 marks)
Content: Advanced econometric techniques, time series analysis, panel data models, instrumental variables, simultaneous equations models.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Industrial Organization (100 marks)
Content: Firm behavior, market structures, antitrust laws, regulation, pricing strategies, market power.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Research Methodology (100 marks)
Content: Research design, qualitative and quantitative methods, data collection, academic writing, ethics in research.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Elective Course (100 marks)
Options: Health Economics, Financial Economics, Urban Economics, etc.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Semester 4:
Applied Economic Analysis (100 marks)
Content: Application of economic theories and econometric methods to real-world issues, case studies, policy analysis.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Project Work/Dissertation (200 marks)
Content: Independent research project on a chosen topic, under faculty supervision, involving literature review, data collection, analysis, and presentation.
Assessment: Dissertation: 140 marks, Viva-voce/Presentation: 60 marks.
Elective Course (100 marks)
Options: Further specialization in areas like Behavioral Economics, Agricultural Economics, etc.
Assessment: Theory: 70 marks, Internal Assessment: 30 marks.
Research Opportunities
The master's degree program encourages students to engage in empirical research.
Learn how to apply econometric techniques to real data.
Faculty members guide student research activities and promote a culture of academic research.
Alumni Achievements
Graduates of the MSc in Applied Economics program have excelled in various fields:
Some pursue PhD programs at prestigious institutions.
Others secure positions in research organizations, government agencies, and private companies.
A few even gain admission to foreign universities, including the London School of Economics, University College London, and SOAS University of London.
Conclusion
Presidency University's Master's degree program in Applied Economics combines theory and practice to prepare students for dynamic careers in economics.
With a strong foundation in both theoretical concepts and empirical methods, graduates make meaningful contributions to economic research and policy-making.
Hope this helps you all and BEST OF LUCK.
For MA Economics Integrated Course : Details
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