7.5 Master of Science in Quantitative Economics [ M.S.(Q.E.) ]
7.5.1 Scope
This is an advanced course in Economics and its applications with special emphasis on quantitative methods. On completion of the course, the students would be able to pursue an academic career in Economics or take up responsible positions in various private and public sector organizations. The total duration of the M.S.(Q.E.) programme is two years. This programme is offered at Kolkata and Delhi. 18
7.5.2 Eligibility
In order to be eligible for admission to the M.S. (Q.E.) programme, a student must have a three-year Bachelor’s degree in Economics / Mathematics / Statistics / Physics or a B.Stat. degree from the Indian Statistical Institute. Engineering graduates are also eligible to apply. Candidates should have knowledge of Economics and Mathematics at B.A./ B.Sc. pass level. Any student who is asked to discontinue the M.S.(QE) programme is not eligible for readmission into this programme.
7.5.3 Selection Procedure
Selection of candidates to the M.S.(Q.E.) programme will be based on academic record and performance in written tests and interview. The selection tests will comprise objective and/or short-answer questions in both Economics and Mathematics at the Bachelor's degree level. 7.5.4 Course Structure
There will be 8 compulsory courses and 12 elective courses. The compulsory courses, along with their sequencing over the semesters are as follows :
First Year
Semester I : Microeconomic Theory I, Game Theory I, Statistics, Mathematical Methods and one Elective Course. Semester II : Microeconomic Theory II, Macroeconomic Theory I, Econometric Methods I and two Elective Courses.
Second Year
Semester I : Macroeconomic Theory II and any four from the list of Elective Courses. Semester II : Any five from the list of Elective Courses.
List of Elective Courses
Computer Programming and Applications, Econometric Methods II, Econometric Applications I, Econometric Applications II, Time Series Analysis and Forecasting, Sample Surveys : Theory and Practice, Bayesian Econometrics, Mathematical Programming with Applications to Economics, Game Theory II, Economic Development I, Economic Development II, Intertemporal Economics, Modern Growth Theory, Industrial Organization, Theory of Planning, Social Accounting, Agricultural Economics, Public Economics, Regional Economics, International Economics I, International Economics II, Advanced Topics in International Economics, Monetary Economics, History of Economic Thought, Social Choice and Political Economy, Incentives and Organizations, Privatization and Regulations, Environmental Economics, Theory of Finance I, Theory of Finance II, Theory of Finance III, Political Economy and Comparative Systems, Selected Topics I, Selected Topics II .
Offering an elective course will depend on students’ interest and availability of teachers. A student is promoted from the First Year to the Second Year of the M.S.(Q.E.) Programme provided, in the First Year, his/her attendance and conduct is satisfactory and his/her composite score in no course is less than 35% and the average composite score in all the courses taken together is not less than 45%. 19
Students who fail to get promoted are asked to discontinue the programme. On completion of the Second Year and subject to fulfilling the necessary requirements in terms of the academic performance during the two years (the details of which are available in the appropriate Students' Brochure), a student is awarded the M.S.(Q.E.) degree and placed either in the First Division with Distinction or in the First Division or in the Second Division. Students who fail in the final year are allowed one chance to repeat the Second Year without stipend and contingency grant, provided that his/her average composite score in the Second Year is not less than 35% and that his/her conduct is satisfactory. If the overall attendance of a student falls below a minimum of 75% in any semester, his/her stipend is completely withdrawn in the following semester. A student may also have full/partial stipend cut resulting from poor academic performance and/or unsatisfactory conduct. Details of the current rules in this regard are given in the Students' Brochure for M.S.(Q.E.).
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