Those students who are interested in study analysis of factors of social science that impacts the consumption, production, and distribution of goods and services. Study of this specialization includes research on goods and services from the economic agent point of view and study the market as a whole (macroeconomics or microeconomics). The study of this subjects includes all aspects of international studies, mathematics, sociology, and statistics.
Course structure & entry requirements
Study of economics provides the extent of sophistication of mathematical requirements of students. In order to gain strong mathematical background in mathematics, some students provide preparatory courses in statistics and mathematics. In this students get prepared for the study of complex statistical data, quantitative, qualitative and independent research methods. Some universities and institutions prefer students pass out of graduate level entrance exams such as GRE and GMAT. Masters in economics degree courses are generally full-time, one or two years long vary on the basis of country and institution. Undergraduate level economics degree programs are for those students who need more time to focus on the specialization of the particular course. Economics degrees are more focused on applied career or theory.
Specialization in Masters in Economics
There are many specializations in Masters in Bussiness degrees depending on your interest.
Degree in economics majorly divided into many specializations available in each field.
Econometrics: In this specialization, you will gain the foundation knowledge of applied and theoretical econometrics. This field is the combination of statistical methods, econometric techniques and economic theory in order to develop the in-depth understanding of data.
Microeconomics: Study of this field enhance your knowledge of modern and classical microeconomic theory with the inclusion of a number of topics such as markets operations, consumer behavior, monopoly competition, distribution of income, consumer discrimination demand and supply.
Macroeconomics: This specialization develops the familiarity and understanding of students about works of economics, analysis, and forecasting of public policy such as unemployment, prosperity, economic development, national income, depression, economic growth, and prosperity.
Financial economics: In this, you will learn about the various aspects of financial economics such as international and domestic financial markets, banking decision-making, critical assessment, corporate and investment financial management.
International economics: In this, you will learn about international finance and trade including topics foreign exchange markets, analysis of modern macroeconomic, effects of commercial trade policies, countries trade, sovereign debt, open economies and international monetary integration.
Careers in Masters in Economics are varied and wide, as with most arts and humanities subjects. Following are the career options available in Masters in Economics:-
- Financial controller
- Data analyst/actuary
- Securities trader
- Financial consultant
- Pricing analyst