Course Structure

M.A. Economics (with specialisation in the World Economy)

M.Phil/Ph.D in International Trade and Development

M.A. Economics (with specialisation in the World Economy)

Course Structure
The M.A. in Economics (with specialization in the World Economy) is a full-time programme of study spanning two years. Each year is divided into two semesters – the monsoon semester and the winter semester.

On the whole the student has to study nine core and seven optional courses, each carrying a credit of 4 points.

The nine core courses are allocated over the semesters as follows:

First Semester – Monsoon

IE 401   Microeconomics I

IE 402   Macroeconomics I

IE 408   Introduction to Statistics and Econometrics

IE 404   Mathematical Methods of Economics


Second Semester – Winter

IE 405   Microeconomics II

IE 406   Macroeconomics II

IE 407   Theory of International Trade

IE 403   Economic Development I


Third Semester – Monsoon

IE 505   Balance of Payments


The seven optional papers that run through the third and fourth semesters are to be selected from amongst a wide range of courses:

IE 410   Topics in Mathematical Economics

IE 510   Environmental Economics

IE 515   Natural Resource Economics

IE  511  Investment Finance and Economic Policy

IE 504   Advanced Econometrics

IE 514   Applied Econometrics

IE 521   Economics of Technology and Development

IE 516   Transnational Corporations, Technology Transfer and R&D

IE 502   Recent Developments in Trade Theory

IE 513   Introduction to the World Economy

IE 522   Public Economics

IE 524   Economic Regulation

IE 520   Law and Economics

IE 525   Information Economics and its Application

IE 526   International Trade, Environment and Multilateral Institutions

IE 528   Topics in Development Microeconomics

IE 527    Topics in Financial Econometrics

IE 509    Economic Development II


M.Phil/Ph.D in International Trade and Development

The following five courses (all core) have to be covered in the first year of the M Phil programme

DI 611 Pure Theory of International Trade

DI 614 Quantitative Methods in International Economics

DI 615 Monetary Theory of International Trade

DI 616 Seminar on Trade and Development*

DI 632 Issues in Economic Theory and Policy

(* For the seminar course, every student is required to present a paper on any aspect of economics. The paper could be either a critical survey of the literature or an original theoretical or empirical research.)

The coursework is followed by an M Phil dissertation in the second year. The M Phil dissertation may be in any of the key research areas in economics that is of mutual interest to the student and the CITD faculty.