The two year masters program in economics is a top tier post-graduate programs in economics in India. The students admitted will receive training within a healthy research environment, supported by faculty members who are working at the forefront of research in their respective fields. The curriculum imparts a theoretical foundation with strong emphasis on applications and hence a solid grounding in quantitative methods and econometrics. The admitted students receive rigorous training in tools of economics analysis that enable them to contribute creatively to academia, the corporate sector, the social sector and policy making. Minimum qualification for admission to M.Sc. programme is an undergraduate degree (in any discipline). Knowledge of Mathematics at an undergraduate level is useful though not necessary. Selection to the Masters is based purely on the performance in the admission test and interview.

The Masters program involves a successful completion of 16 courses (8 compulsory and 8 optional). Students must have a minimum CGPA of 6 at the end of each year to be awarded with a degree. In addition all the university requirements should be met.

The first year course work consists of eight compulsory courses: two courses in a sequence in first two semesters on microeconomics, macroeconomics, econometrics and mathematical and computational methods in economics. The second year (Semester III and Semester IV) involves the students choosing eight elective  courses based on their interests. The department offers a broad list of elective courses and the courses are offered by faculty members who specialises in the field and actively engages in research. In semester IV, students can also opt for a project course, spread over two semesters, where they work under the supervision of a faculty to develop a masters thesis. Students writing a masters thesis are waived of two courses, one course in each semester of second year.

Admissions: Online application forms for the Masters programme can be obtained from the departmental website. For the year 2018, the last date for applying to the M.Sc. and Ph.D.  was April 15, 2018. The first step in the admission process is a written test held across four cities in India: New Delhi, Kolkata, Bengaluru and Mumbai. Candidates will be informed about the venue of the test at least a week before the exam date. The test this year is scheduled on April 29th, 2018. The M.Sc. (Economics) Admission Test will have 50 multiple choice questions. There will be 5 questions that will test comprehension and analytical abilities. The remaining questions will be from undersgraduate level Economics (Theory of Consumer and Producer Behaviour; Market Structures: Perfect Competition, Monopoly and Oligopoly, General Equilibrium, Basic Models of International Trade: Ricardian Model and Hecksher Ohlin Model, National Income Accounting, Aggregate Demand and Aggregate Supply),  and basic Mathematics (Permutations and Combinations. Sets and Relations, Functions, Limits, Continuity, Differential and Integral Calculus. Unconstrained and Constrained Optimization. Descriptive Statistics: Measures of Central tendency, Dispersion, Skewness and Kurtosis. Probability Theory, Sampling, Estimation, Inference and Hypothesis Testing).