M.Sc. Economics

M.Sc. Economics


The M.Sc. program offered by the School of Economics is designed to provide cutting-edge knowledge and scope to students to learn advanced technical skills in Economics. These skills which students will acquire will enable them to be competitors in the corporate world as well as in academia at par with the best nationally and globally acclaimed institutions.  Graduates here obtain skillsets that allow them to explore and apply the competency in the industry and academia. These were mostly available in just a couple of select academic institutions in India, mostly in and around the National Capital Region of Delhi. School of Economics extends that access to outside that region, combining these with the world-class infrastructure and facilities scarcely available elsewhere in India. The Faculty to nurture those skills are among the best anywhere in the country.


Eligibility criteria is a minimum of 55% marks in aggregate (or equivalent) at the undergraduate level in ANY discipline and, for candidates from non-economics disciplines (at the undergraduate level), a minimum of 60% marks (or equivalent) in mathematics at the 10+2 level. Other candidates may apply with the Dean’s prior approval. Applicants are required to fill-up the application form online at www.xub.edu.in. The selection of eligible candidates will be based on performance in an entrance test OR an interview. Candidates will be tested on the basis of their knowledge of Mathematics, Statistics, Microeconomics, and Macroeconomics at a level commensurate with the UGC CBCS syllabus of B.A./B.Sc. Economics program.

The Selection Board may admit candidates for admission who may have figured in the admission lists of other high profile academic institutions which conduct rigorous admissions tests. These include the Indian Statistical Institute (Kolkata/Delhi), Delhi School of Economics, Indira Gandhi Institute of Development Research (IGIDR, Mumbai), etc., and those who possess a meritorious- B. Tech. degree from IITs and similar institutions.


The school follows a course structure based on the UGC guidelines and benchmarked at the premier institutions in India and globally. The course is spread over two years, comprising of four Semesters. Students have to complete 16 courses, out of which 9 are compulsory. In the first year, students have no choice and are expected to complete 8 out of the 9 compulsory courses. At the beginning of the second year, students have to choose between the following two routes:

  1. Dissertation route: Write a dissertation and complete 5 optional courses. The dissertation is equivalent to two courses.
  2. Non-Dissertation route: Complete 7 optional courses.

The choice of the route is subject to approval by the Dean.




3Mathematical Methods in Economics6
4Statistical Methods6


5Microeconomics II6
6Macroeconomics II6
8Indian Economy6



SL NoCourseCredit
1Development Economics6
2Optional Course I6
3Optional Course II6
4M.Sc. Dissertation or Optional Course III6


SL NoCourseCredit
5Optional Course IV6
6Optional Course V6
7Optional Course VI6
8M.Sc. Dissertation or Optional Course VII6


SL NoCompulsory Courses
1Microeconomics I
2Macroeconomics I
3Microeconomics II
4Macroeconomics II
5Mathematical Methods in Economics
6Statistical Methods
8Indian Economy
9Development Economics


1.The selection of “Optional Courses” shall meet a basic consistency criterion. Specifically, an advanced optional topic will not be offered unless the basic optional topic is accommodated in the choice.
2.Allocation of “Optional Courses” for each of the students will be finalized with Dean’s approval.
3.The choice of “Optional Courses” in the semester will be limited to those announced by the school, and there might be a restriction/cap on the number of students choosing an “Optional Course.”

The suggestive list of optional courses is below. The actual courses offe­red will depend on the availability of faculty.

Sl NoOptional CourseSL NoOptional Course
1Applied Microeconomics14History of Economics Thoughts
2Corporate Finance15Human Development
3Data Envelope Analysis16Incentives and Organization
4Issues in Development Economics17International Trade
5Topics in Macroeconomics18Labor Economics
6Economics of Education and Health19Law and Economics
7Poverty, Inequality and Development20Political Economy
8Environmental Economics and Sustainable Development21Financial Econometrics
9Econometric Methods and Applications (various extensions and concentrations)22Monetary macroeconomics: Theory and Policy
10Advanced Game Theory23Public Finance
11Behavioral Economics and Experiments using zTree24Behavioral Game Theory
12Growth Theory25Gender Economics
13Social Choice Theory26Study of Economic Behavior
 *This is a suggestive list. This can be reviewed depending on the situation.
Students will be given two options in Year II:      
O1Dissertation route:

Write a dissertation and complete 5 optional courses. The dissertation is equivalent to 2 optional courses

O2Non-dissertation routeComplete 7 optional courses


Hostel facilities are provided on the campus on a twin-sharing basis, depending on availability.


XIM University will award the M.Sc. in Economics degree to the students who successfully complete classroom learning and fulfill the program’s prescribed academic requirements.