Master Of Arts In Economics:
Those times are almost over when Engineering, Medicine, law, and Commerce were the only preferred choices as a career for youngsters. Globalization and industrialization have created several opportunities even for those who want to make their career in another conventional stream like Arts or Humanities. Today I am going to tell you about one such master’s degree in Arts that can help you get ample opportunities in both the private and public sectors and that Master’s degree in MA in Economics.
Economics is a subject that has applications in some industries, including finance, insurance, financial services, trade and commerce, and business management. Economics has a wide and promising scope, and when paired with a master’s degree, it can lead to a range of daunting career opportunities in a variety of fields. So guys keep reading this article and by the end of the article, you will definitely be able to know everything about one of the most pursued courses of Humanities like what exactly the MA Economics course is? What are the required eligibility conditions to join MA Economics course? What are the skills required to do an MA in Economics? What is the course curriculum or syllabus of the MA Economics course? How to join the MA Economics course? What are the Top Institutes for MA Economics courses? What is the annual fee structure for the MA Economics course? What are the career prospects and job opportunities after completion of the MA Economics course? What is the expected salary or pay package after doing an MA Economics degree? Which are the top recruiters of MA Economics degree holders and much more.
What Is the MA Economics course?
So, let us start with a very basic question i.e what exactly the MA Economics course is? Master of Arts in Economics better known as MA Economics is a two-year full-time post-graduate degree program that prepares applicants to work in fields such as insurance, banking, and computer applications, all of which are becoming increasingly important in today’s globalized world. MA Economics is the study of a society’s wealth creation, distribution, and consumption. Students who receive a master’s degree in economics are apt in the concepts of economic theories and their applications.
Now you would like to know about the Eligibility Conditions to join MA Economics Course? To get admission in MA Economics you must have done Bachelor’s degree in Economics as one of the main subjects at this level. Some institutes may also demand a certain minimum percentage of marks at the under graduation level. It can be anywhere between 50% to 60% for general category candidates. Candidates with Honors in Economics at graduation level are given preference by some of the reputed institutes providing MA Economics courses. Along with fulfilling these eligibility conditions, you must have a certain set of required skills to be able to do 2 years MA Economics course like- You should be able to think objectively and critically. You should be able to deconstruct or simplify complex economic problems and extract the relevant information. You must be able to communicate effectively both in writing and orally. Besides this, You should be able to solve problems on your own initiative, manage your time well, analyze data and draw conclusions.
If you are really looking to do an MA course then you must be aware of the admission process for joining the MA Economics course? There are two ways by which most of the institutes provide admission to aspiring candidates in the MA Economics course. The first way is of providing admission based on marks obtained in the qualifying exam i.e marks obtained at the undergraduate level. However, most of the reputed Economics institutes and Top Universities provide admission to this course based on marks obtained in the Entrance Exam conducted by the university or institute usually at Institute or University level. So if you are looking to take admission in the MA Economics course of some of the best institutes then you have to be well prepared for the competition to grab a few seats having a large number of a contender.
Syllabus Of MA Economics:
Now you would like to know about the syllabus of the MA Economics course. The MA Economics course is divided into 2 years which are further divided into 4 semesters.
The first semester of which consists of subjects like:
• Microeconomic Analysis
• Monetary Economics
• Elementary Statistics
• International Trade
• Optional Paper I
The second semester consists of subjects like:
• Theory of Pricing and Distribution
• Macroeconomic Analysis
• Quantitative Methods
• International Finance and Viva-Voce
In the third Semester, you will study subjects like
• Economics of Growth
• Public Economics
• Issues in the Pak Economy
• Economics of Industry
• Optional Paper-II
Whereas in semester 4 you will study
• Growth Models in Economics
• Pak Public Finance
• Selected Problems of the Pak Economy
• Economics of Agriculture
The Optional Papers that you can choose from are
• Quantitative Economics I & II
• Econometrics I & II
• Labor Economics I & II
• Demography I & II
• Economics of Gender and Development I & II
• Economics of Infrastructure I & II
• Financial Institutions and Markets I & II
Source: Pakistan Institute of Development Economics
Top MA Economics institutes of Pakistan
Now let me tell you about some of the Top MA Economics institutes in Pakistan. The best Government Institutes you can go for-
- International Islamic University Islamabad
- Allama Iqbal Open University Islamabad
- University Of Agriculture Faisalabad
- Gomal University D.I. Khan
- University Of Malakand Chakdara
- Bacha Khan University Charsadda
- Abbottabad University Of Science And Technology Abbottabad
Fee Structure Of MA Economics:
Now you would like to know about the fee structure of the MA Economics course? The fee for the MA Economics course varies greatly depending upon the genre and reputation of the institute. On average it can be anywhere between Rs.20,000 to Rs.80,000 per year in a government institute whereas in private institutes it can be Rs.1 to 2 Lakhs per annum.
Here are the Career Prospects and Job Opportunities after the MA Economics course. MA Economics degree holders have ample career prospects and job opportunities in both the public and private sectors. They can pursue their career in sectors like banking, insurance, and other related organizational settings. Those who are interested in academics can go for Ph.D. and find opportunities in Educational Institutes and research centers.
Some of the other positions that an MA Economics degree holder can have are
• Research Associate
• Business Analyst
• Money Manager
• Corporate Analyst
• Financial Analyst
• Investments Analyst
• Market Analysts
• Investment Banker
• Marketing Manager
• Operations Manager
• Personal Finance Consultant and
• Securities Analyst
Some of the Top Recruiters that you can think of joining after completing your MA in Economics
• State Bank Of Pakistan
• Department of Economic Affairs
• Directorate of Economics and Statistics
• • Various Private Sector Banks
Now, the most eagerly asked question and that question is what are the expected pay packages or Salary after doing MA Economics Course. The average salary of a MA Economics degree holder in Pakistan can be anywhere between Rs.6 to Rs.12 Lakhs per annum. With more experience and responsibilities, you can expect a multifold increase in the private sector. However, in the public sector, the remuneration depends upon the prevailing pay scales in the state and central government departments.
So that’s all about MA Economics Course. I hope you enjoy this information. If this is the case, please share this article with your friends. Thank you