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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 I Four Core courses 16 credits
Semester II Five Core courses 20 credits
Second year
Semester III Two core courses + Two electives 16 credits
Semester IV Two 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

Semester AE AQF EE FE GE
I Microeconomics I Microeconomics I Microeconomics I Microeconomics I Microeconomics I
Macroeconomics I Macroeconomics I Macroeconomics I Macroeconomics I Macroeconomics I
Mathematical Statistics Mathematical Statistics Mathematical Statistics Mathematical Statistics Mathematical Statistics
Mathematical methods Mathematical methods Mathematical methods Mathematical methods Mathematical methods
 II Microeconomics II Microeconomics II Microeconomics II Microeconomics II Microeconomics II
Financial Mathematics Financial Mathematics Introduction to Environmental Systems Financial Mathematics Macroeconomics II
Econometric Methods Econometric Methods Econometric Methods Econometric Methods Econometric Methods
Financial Economics Financial Economics Resource and Environmental Economics Financial Economics Public Economics
Indian Economic Development Indian Economic Development Indian Economic Development Indian Economic Development Indian Economic Development
III Applied Micro-Econometrics Applied Macro and Financial Econometrics Applied Micro-Econometrics Applied  Macro and Financial Econometrics Applied Micro-Econometrics
Economics of Insurance Risk Analysis and Management Environmental Valuation Financial Derivatives and Corporate Finance Development Economics
IV Advances in Life and Health Insurance Financial Instruments and Markets Sustainable Development Stochastic Calculus and Quantitative Finance Institutional Economics
Finance and Financial Reporting Stochastic Calculus & Quantitative Finance Environmental Policy Risk Management – Theory & Practice Games and Information

List of Electives

List of Elective Courses

Development Economics Stochastic Models Public Economics
Games and Information Fixed Income Securities Advanced techniques in Finance
Industrial Organization Economics of Insurance Risk Models
International Trade Investment Banking Regional Economics
Indian Economic Development Financial Regulation and Banking Supervision Artificial Neural Networks
Agricultural Economics Empirical Methods in Finance Topics in Behavioral Finance
Advances in Life and Health Insurance Financial Market Microstructure Social Cost Benefit Analysis
Financial Derivatives and Corporate Finance Trade and Environment Energy Economics and Environment
Applied Microeconometrics Applied Macro and Financial Econometrics Economics of Global Climate Change
Risk Analysis and Management Survival Models Ecological Economics
Agricultural Development and Policy Economics 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 I Four Core courses 16 credits
Semester II Five Core courses 20 credits
Second year
Semester III Two core courses + Three electives 20 credits
Semester IV Two 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

Semester AE AQF EE FE GE
 

I

 Microeconomics I Microeconomics I Microeconomics I Microeconomics I Microeconomics I
Macroeconomics I Macroeconomics I Macroeconomics I Macroeconomics I Macroeconomics I
Mathematical Statistics Mathematical Statistics Mathematical Statistics Mathematical Statistics Mathematical Statistics
Mathematical methods Mathematical methods Mathematical methods Mathematical methods Mathematical methods
 

 

 

II

 Actuarial Mathematics Microeconomics II Microeconomics II Microeconomics II Microeconomics II
Financial Mathematics Financial Mathematics Introduction to
Environmental Systems		 Financial Mathematics Macroeconomics II
Econometric Methods Econometric Methods Econometric Methods Econometric Methods Econometric Methods
Financial Economics Financial Economics Resource and
Environmental		 Financial Economics Public Economics
Economics
Indian Economic
Development		 Indian Economic
Development		 Indian Economic
Development		 Indian Economic
Development		 Indian Economic
Development
 

 

 

III

 Applied Econometrics Applied Macro and Financial Econometrics Applied Econometrics Applied Macro and Financial
Econometrics		 Applied Econometrics
Economics of Insurance I Risk Analysis and Management Environmental Valuation Financial Derivative and Corporate
Finance		 Development Economics
 

 

IV

 Economics of Insurance II Financial
Institutions and Markets		 Sustainable Development International Finance Institutional Economics
Finance and Financial Reporting Interest rate Calculation and Option
Pricing		 Environmental Policy Risk Management – Theory &
Practice		 Games and Information

List of Electives

List of Elective Courses

Development Economics Stochastic Models Public Economics
Games and Information Fixed Income Securities Advanced techniques in Finance
Industrial Organization Economics of Insurance Risk Models
International Trade Theory Investment Banking Programming and

Computational Languages
Indian Economic

Development

 Financial Regulation and

Banking Supervision

 Artificial Neural Networks
Agricultural Economics Empirical Methods in

Finance

 Topics in Behavioral Finance
Health Economics Financial Market Microstructure Social Cost Benefit Analysis
Financial Economics Trade and Environment Energy Economics and Environment
Environmental and Resource Economics Health Economics Economics of Global Climate Change
Multinational Enterprises and Industrial Policy Survival Models Ecological Economics
Agricultural Development and Policy Environment and Health Regional Economics

Till 2023, MSE will continue to admit students from the 5-year Integrated M.A. in Economics Programme, Central University of Tamil Nadu, into its M.A. Programmes