All about IGNOU M.A. Economics (MEC)
Economics is one of the most job oriented course
as it deals with real-life examples and market conditions. Since it is a
dynamic subject, it requires in-depth knowledge of the core principles of economics.
Job prospects-
As compared to other Arts subjects, a post-graduate degree
in Economics is an educational eligibility criterion for the maximum number of
Class-I and Class-II government jobs. UPSC Indian Economic Services, RBI, Exim
Bank, NABARD, Public and Private Sector Banks, Assistant Statistical Officers,
Research Officers, Economic Officers both in State and Central governments,
Lecturer/Assistant Professor in degree colleges & universities, NITI Aayog,
etc. are a few examples which requires candidates having PG degree in Economics
every year. Thus, M.A. Economics (MEC) offers a wide range of scope for both
government and private jobs.
Fees and Eligibility for IGNOU M.A. Economics
(MEC)-
IGNOU offers
Two year M.A. Economics (MEC) course both in English and Hindi. Total
fee is Rs. 14,400/- i.e. Rs. 7,200/- to be paid for 2 years. The eligibility
criteria is a “Bachelors degree or higher in any discipline”.
In general, the IGNOU material is considered to
be very lucid and easy to understand but in case of M.A. Economics, I didn’t
find the IGNOU material up to the mark, especially for the 1st year. Even with my background of engineering, I found
that many concepts are explained only mathematically without explaining it in
theory, which makes them difficult to understand. In lieu of above, I have
listed only one additional book for complex subjects in M.A. Economics along
with IGNOU course books.
Using the following books will not only help you with
securing 1st class marks in IGNOU Term End Exam (TEE) but will
also simultaneously and automatically make you ready for competitive exams like
UPSC, State PSC’s, UGC Net, and many more.
Along with the books mentioned below, securing
good marks in assignment should also be given special attention as they have
30% weightage in final marks calculation. Hope this article will help you in gaining
knowledge about Economics in a long run and may even help you in getting IGNOU
University Gold Medal!
Books for IGNOU M.A. Economics (MEC) - Ist
Year
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Course Code
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Course Name
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Reviews
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Books
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MEC 101
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Microeconomic Analysis
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Most difficult MEC course. IGNOU MEC-101 books are
below standard.
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MEC 2
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Macroeconomic Analysis
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Not as difficult as MEC 101 but IGNOU MEC 2 books
won’t suffice.
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MEC 103
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Quantitative Methods
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Purely mathematical. You will require reference
book only if you are from a non-mathematical background.
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MEC 4
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Economics of Growth & Development
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Growth model & theories not explained well in
IGNOU MEC 4 book.
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MEC 105
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Indian Economic Policy
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IGNOU MEC 105 books will suffice
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No need.
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Books for IGNOU M.A. Economics (MEC) - IInd
Year
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MEC 6
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Public Economics
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IGNOU MEC 6 books will clear IGNOU TEE but won’t
give conceptual clarity.
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Public Finance by H.L. Bhatia (English)
Lok Vitta by H.L. Bhatia (Hindi)
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MEC 7
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International Trade
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IGNOU MEC 7 books will clear IGNOU TEE but won’t
give conceptual clarity.
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MEC 108
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Economics of Social Sector & Environment
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IGNOU MEC 108 books will suffice.
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No need.
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MEC 109
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Research Methods
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IGNOU MEC 109 books will not suffice.
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For detailed strategy and tips to secure high marks, you can read my Topper's talk in MEC.
Comments
Kindly mail at - surabhi_bbs@yahoo.com
You may refer the books topic wise. First get an overview of the course with IGNOU books. Then you can refer the above books for complex topics giving priority to topics asked in previous year TEE papers. I was not able to understand most of the sections with IGNOU books. You may get stuck with the IGNOU text (specially mathematical sections) as there are many printing mistakes.
Hope that helps!