Skip links
Contact us

MSE offers Masters’ (M.A.) degree in Economics with the following specializations:

M.A. in General Economics

The core courses lay the foundations for the basic theory and give students a feel for how it is being played out in real economies. The courses in Statistics, Optimization Techniques, Econometrics and Applied Econometrics equip them with a good range of skills and tools for quantitative analysis. The compulsory course in Fiscal and Public Policy provides a unique opportunity to understand the policy prescriptions for a developing country like India. In addition, depending on the demand, courses on subfields like Development Economics, Financial Economics, Health Economics, Games and Information, Industrial Economics, Agricultural Economics, Indian Economic Development, International Trade and so on are offered as electives

M.A. in Financial Economics

The core courses lay the foundations for the basic theory and give students a feel for how it is being played out in real economies. The courses in Statistics, Mathematical Methods, Econometrics and Applied Econometrics equip them with a good range of skills and tools for quantitative analysis. In addition, a range of onesemester elective courses to choose from are offered in the following specialized subjects- Risk Management, Investment Banking, Financial Regulation and Banking Supervision, Games and Information, Stochastic Models, Economics of Insurance, Empirical Methods in Finance.

M.A. in Applied Quantitative Finance

There has been an exponential increase in the demand for qualified financial analysts. Qualified financial analysts should have the ability to adequately capture stylized facts in financial markets through effective models, and the ability to estimate and evaluate the models. The masters program in Applied Quantitative Finance aims to develop such skilled financial analysts. The program is geared towards presenting the central concepts in clear, analytical, mathematical and computational detail with an emphasis on the underlying intuition. In addition, Business Case Studies would be provided wherever it is necessary. The elective courses include applied econometrics, stochastic models, advanced techniques in finance, financial instruments and markets, and artificial neural networks.

M.A. in Actuarial Economics

The Insurance sector in India is growing at a fast rate. Qualified Actuaries are in high demand as there is considerable shortage of trained Actuaries in India. A well-qualified actuary has to be an expert in applying mathematical, statistical and economic analysis to a wide range of decision-making processes in the fields of insurance, retirement and other benefits, and investments. The M.A. Actuarial Economics program is designed keeping in mind the courses and syllabi prescribed by the Institute of Actuaries of India. The elective courses include: appliedeconometrics, advanced techniques in finance, health economics, stochastic models, and survival models.

M.A. in Environmental Economics

Concerns about over-exploitation of resources and degradation of environment have been on rise in India and other countries over the past fifty years. High economic growth often comes at the cost of environmental degradation as seen in several countries and hence careful attention to sound environmental policies is extremely important if India were follow sustainable development path. Businesses world over have also started understanding the importance of doing ‘green’ business. The objective of the M.A. Environmental Economics is to provide students with rigorous and specialized training in economics of the environment. The elective courses include: applied econometrics, social cost benefit analysis, energy economics, trade and environment and global climate change.

With effect from AY 2021-22, MSE started offering the M.A. Programmes under its status as Institution of Special Importance, recognized by the MSE Act 2020, GoTN.

Structure of MA programme

Structure of MA programme

First year
Semester IFour Core courses16 credits
Semester IIFive Core courses20 credits
Second year
Semester IIITwo core courses + Two electives16 credits
Semester IVTwo core courses + Three electives

Or

Two core courses + One electives + Dissertation

20 credits

List of core courses 1st and 2nd year

List of Core Courses in First and Second Year

SemesterAEAQFEEFEGE
IMicroeconomics IMicroeconomics IMicroeconomics IMicroeconomics IMicroeconomics I
Macroeconomics IMacroeconomics IMacroeconomics IMacroeconomics IMacroeconomics I
Mathematical StatisticsMathematical StatisticsMathematical StatisticsMathematical StatisticsMathematical Statistics
Mathematical methodsMathematical methodsMathematical methodsMathematical methodsMathematical methods
 IIMicroeconomics IIMicroeconomics IIMicroeconomics IIMicroeconomics IIMicroeconomics II
Financial MathematicsFinancial MathematicsIntroduction to Environmental SystemsFinancial MathematicsMacroeconomics II
Econometric MethodsEconometric MethodsEconometric MethodsEconometric MethodsEconometric Methods
Financial EconomicsFinancial EconomicsResource and Environmental EconomicsFinancial EconomicsPublic Economics
Indian Economic DevelopmentIndian Economic DevelopmentIndian Economic DevelopmentIndian Economic DevelopmentIndian Economic Development
IIIApplied Micro-EconometricsApplied Macro and Financial EconometricsApplied Micro-EconometricsApplied  Macro and Financial EconometricsApplied Micro-Econometrics
Economics of InsuranceRisk Analysis and ManagementEnvironmental ValuationFinancial DerivativesDevelopment Economics
IVAdvances in Life and Health InsuranceCorporate FinanceSustainable DevelopmentCorporate FinanceInstitutional Economics
Finance and Financial ReportingStochastic Calculus & Quantitative FinanceEnvironmental PolicyRisk Management – Theory & PracticeGames and Information

List of Electives

List of Elective Courses

Development EconomicsStochastic ModelsPublic Economics
Games and InformationFixed Income SecuritiesAdvanced techniques in Finance
Industrial OrganizationEconomics of InsuranceRisk Models
International TradeInvestment BankingRegional Economics
Indian Economic DevelopmentFinancial Regulation and Banking SupervisionArtificial Neural Networks
Agricultural EconomicsEmpirical Methods in FinanceTopics in Behavioral Finance
Advances in Life and Health InsuranceFinancial Market MicrostructureSocial Cost Benefit Analysis
Financial Derivatives and Corporate FinanceTrade and EnvironmentEnergy Economics and Environment
Applied MicroeconometricsApplied Macro and Financial EconometricsEconomics of Global Climate Change
Risk Analysis and ManagementSurvival ModelsEcological Economics
Agricultural Development and PolicyEconomics of Health & Environment

Note: The list of elective courses gets periodically updated.

Till AY 2020-21, MSE offered the M.A. Programmes in collaboration with the Central University of Tamil Nadu.

Structure of MA programme

Structure of MA programme

First year
Semester IFour Core courses16 credits
Semester IIFive Core courses20 credits
Second year
Semester IIITwo core courses + Three electives20 credits
Semester IVTwo core courses + Two electives

Or

Two core courses + Dissertation

16 credits

List of core courses 1st and 2nd year

List of Core Courses in First and Second Year

SemesterAEAQFEEFEGE
 

I

Microeconomics IMicroeconomics IMicroeconomics IMicroeconomics IMicroeconomics I
Macroeconomics IMacroeconomics IMacroeconomics IMacroeconomics IMacroeconomics I
Mathematical StatisticsMathematical StatisticsMathematical StatisticsMathematical StatisticsMathematical Statistics
Mathematical methodsMathematical methodsMathematical methodsMathematical methodsMathematical methods
 

 

 

II

Actuarial MathematicsMicroeconomics IIMicroeconomics IIMicroeconomics IIMicroeconomics II
Financial MathematicsFinancial MathematicsIntroduction to
Environmental Systems		Financial MathematicsMacroeconomics II
Econometric MethodsEconometric MethodsEconometric MethodsEconometric MethodsEconometric Methods
Financial EconomicsFinancial EconomicsResource and
Environmental		Financial EconomicsPublic Economics
Economics
Indian Economic
Development		Indian Economic
Development		Indian Economic
Development		Indian Economic
Development		Indian Economic
Development
 

 

 

III

Applied EconometricsApplied Macro and Financial EconometricsApplied EconometricsApplied Macro and Financial
Econometrics		Applied Econometrics
Economics of Insurance IRisk Analysis and ManagementEnvironmental ValuationFinancial Derivative and Corporate
Finance		Development Economics
 

 

IV

Economics of Insurance IIFinancial
Institutions and Markets		Sustainable DevelopmentInternational FinanceInstitutional Economics
Finance and Financial ReportingInterest rate Calculation and Option
Pricing		Environmental PolicyRisk Management – Theory &
Practice		Games and Information

List of Electives

List of Elective Courses

Development EconomicsStochastic ModelsPublic Economics
Games and InformationFixed Income SecuritiesAdvanced techniques in Finance
Industrial OrganizationEconomics of InsuranceRisk Models
International Trade TheoryInvestment BankingProgramming and

Computational Languages

Indian Economic

Development

Financial Regulation and

Banking Supervision

Artificial Neural Networks
Agricultural EconomicsEmpirical Methods in

Finance

Topics in Behavioral Finance
Health EconomicsFinancial Market MicrostructureSocial Cost Benefit Analysis
Financial EconomicsTrade and EnvironmentEnergy Economics and Environment
Environmental and Resource EconomicsHealth EconomicsEconomics of Global Climate Change
Multinational Enterprises and Industrial PolicySurvival ModelsEcological Economics
Agricultural Development and PolicyEnvironment and HealthRegional Economics