Introduction to Economics
Economics is the study of how society uses its limited resources for the benefit of all. Economics is a social study that deals with the production, distribution and consumption of goods and services. Economics focuses heavily on the four factors of production, which are land, labour, capital and enterprise.
Economics basically is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time and a great variety of other complex issues of vital concern to society.
Few lines about MA Economics
MA Economics is a 2-years postgraduate programme that is divided into 4 semesters. The course deals with the study of wealth production, distribution and consumption of the resources in the society. The course covers the huge part of macro economics in terms of price, output, employment, etc.
The course teaches the students about all the aspects connected to the production, distribution and consumption of goods and services. The course enhances the skill of a graduate exclusively in the field of economics and finance. The course trains the students on the study of how individuals, businesses, governments and nations make choices optimally allocating scarce resources to satisfy their wants and needs, while determining the best ways to maximize efficiency and output.
Eligibility for MA Economics
The students who have studied economics as one subject in their bachelor’s degree with 50% aggregate in that cognate subject from recognised university are eligible to apply for MA Economics course.
Admission Procedures
The students with relevant qualifications can join the MA Economics course by two modes. The first one is Merit based admission and the second one is direct admission.
Let’s discuss in detail
1. Merit Admission
There are many top educational institutes that conduct entrance exams for the MA Economics course. This mode is called merit admission mode. The entrance exams are conducted to select the serious and hardworking students from the group of non-serious candidates to the available limited number of seats in the colleges. The students have to apply and clear these entrance exams for merit-seats. The qualified students are allotted the merit seats and are given admission, the fees are fairly nominal for merit admissions.
