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MA Economics Subjects and Syllabus: Semester, Course, Colleges, Books 2023

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Sounak Banerjee

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MA Economics is a 2 year post-graduate program that covers various areas of economics, finance, management, accounting that are essential according to industry demands. This course also helps in the development of skills that are necessary to meet the demands of an organization.

The syllabus of MA Economics is divided into 2 years which is further bifurcated into 4 semesters. The syllabus comprises core as well as elective subjects, project work, assignments etc. the syllabus focuses on studying topics like microeconomics, macroeconomics, international economics, monetary economics, quantitative theory of demand and supply, etc,. 

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After the completion of the course, various opportunities open both in the private as well as public sectors. Today’s market has created an enormous demand for economics graduates such as stock brokers, trade analysts, financial analysts, marketing managers, associate researchers, economists, etc. The salary of a MA Economics graduate is around INR 5 L - 8 LPA.

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MA Economics Syllabus: Course Details

Tabulated below are some of the important insights about the MA Economics course which will the candidates to deciding their course, 

Degree Post Graduate
Full form Master of Arts in Economics
MA Economics Duration 2 years
Minimum Age for MA Economics  Candidate must be a minimum of 21 years of age
MA Economics Eligibility Candidate must have completed a bachelor’s degree in any discipline preferably economics
MA Economics Fees INR 3500 - 62,000
MA Economics Salary INR 4.75 L - 7 LPA
Employment Roles Associate Researcher, Trade Analyst, stockbroker, bank manager, teacher, data analyst, financial analyst
Employment Sectors Academic institutions, stock market, trading companies, actuaries, department of economic affairs
Top Recruiters Infosys, HSBC, HDFC, IKEA, State bank of India, Reserve Bank of India, Dell, Axis Bank, Indusind Bank

MA Economics Syllabus

The syllabus of MA Economics is very vast and comprises core as well as elective subjects. The subjects of MA Economics provide in-depth knowledge about microeconomics, macroeconomics, econometrics, quantitative methods, development economics etc. The detailed syllabus of MA Economics is tabulated below for your reference, 

Semester I Semester II
Microeconomic Theory Macroeconomic Theory
Introductory Mathematical Economics Theory of Pricing and Distribution
Introductory Econometrics International Finance
International Trade Quantitative Methods
Semester III Semester IV
Development Economics Public Economics
International Economics Econometrics-2
Econometrics-1 Project Work
Industrial Economics (Electives) Financial Economics (Electives)
Environmental Economics (Electives) Economics of Infrastructure (Electives)
Globalization and Economics (Electives) Economic Demography (Electives)
- Economics and Law (Electives)

MA Economics Subjects

The subjects of MA Economics are a blend of various economic aspects of society such as Public economics, macroeconomics, microeconomics, econometry, finance, accounting etc. Apart from these, there are various elective subjects which the candidates have to choose according to their interests.

Discussed below is the syllabus of MA Economics in detail for your reference, 

MA Economics First Year Subjects

  • Microeconomic Theory- This subject deals with economics that studies the behavior of individuals and firms in markets and makes decisions regarding the allocation of resources, etc. 
  • International Finance- This subject deals with the monetary interaction between two or more countries and the economic relations between them.
  • Introductory Mathematical Economics- This subject deals with the mathematical equations that exist in Economics and their application. 

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MA Economics Second Year Subjects

  • Development Economics- This subject deals with the branch of economics whose goal is to do better in the financial, economic and social conditions in developing countries.
  • International Economics- International economics deals with the productive activities and consumer preferences of different countries and the international differences between them.
  • Public Finance- This subject studies the role of the government in the economy of a country and how it can implement different policies or methods to better the economy.

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IGNOU MA Economics Syllabus

Discussed below is the syllabus of MA Economics of Indira Gandhi National Open University for your reference, 

Year I Year II
Microeconomic Analysis Public Economics
Macroeconomic Analysis International Trade and Finance
Quantitative Methods Economics of Social Sector and Environment
Economic of Growth and Development Research Methods in Economics
Indian Economic Policy -

Optional Subjects

  • Econometric Methods
  • Actuarial Economics: Theory and Practice
  • Financial Institutions and Markets
  • Project Work
  • Women in the Economy
  • Gender Issues in Work, Employment and Productivity
  • Development Issues and Perspectives

See AlsoSustainable Finance Courses

MA Economics Subjects List

MA Economics subject comprises core as well as elective subjects. Some of the core, as well as elective subjects, are listed below for your reference,

MA Economics Core Subjects

The core subjects consist of essential subjects which the candidates need to study in their post-graduation irrespective of their specialization,

  • Microeconomics
  • Introductory Mathematical Economics
  • Economic Development and Policy in India
  • Introductory Econometrics
  • Macroeconomic Theory
  • Markets, Institutions and Economic Growth

See Also:

MA Economics Elective Subjects

Elective subjects offered by MA Economics course can be chosen by the candidates according to their specialization,

  • Environmental Economics
  • Labour Economics
  • Topics in Economic and Social History, 1700- 1975
  • Industrial Organization
  • Mathematical Economics
  • Monetary Theory and Policy

See Also:

MA Economics Entrance Syllabus

The syllabus of MA Economics for admission to Jawaharlal Nehru University is basically the graduation level syllabus that they have studied in their bachelor's degree. The entrance test will be for 2 hours and it will be a written test. The written test will be 100 marks and will be multiple choice questions. 

See Also: Macroeconomics Courses

The syllabus of the MA Economics entrance exam is given below for your reference,

Topics Description
Microeconomics
  • Demand curves
  • Price and Income
  • Elasticity of Demand
  • Cost Curves
  • Equilibrium
  • Perfect competition and Monopoly
Macroeconomics
  • National Income
  • Theory of Income Determination
  • Monetary Policy
  • Trade and Balance of Payments
Statistics
  • Mean, Median and Mode
  • Standard Deviation
  • Correlation Coefficient
  • Elementary Probability
  • Mathematics for economists
Problems of Economic History, underdevelopment and growth
  • India economic development prior to independence
  • India’s planning and development since independence
  • Basic indicators of development
  • International Economics Issues of Contemporary relevance

JNU MA Economics Syllabus

Discussed below is the syllabus of MA Economics at Jawaharlal Nehru University for your reference, 

Semester I Semester II
Microeconomics- I Microeconomics- II
Macroeconomics -I Macroeconomics -II
Introduction to statistics and Economics Economic Development I
Mathematical Methods of Economics Theory of International Trade
Semester III Semester IV
Balance of Payments Project Work
Open-economy Macroeconomics Dissertation

MA Economics DU Syllabus

Discussed below is the syllabus of MA Economics at Delhi University for your reference, 

Semester I Semester II
Microeconomic Theory Macroeconomic Theory
Mathematics of Economics Introduction to Game Theory
Introductory Econometrics Economic Development and Policy of India
- Any one of the following:
  • Mathematical Economics
  • General Equilibrium Theory
  • Game Theory I
  • Game Theory II
  • Economics of Uncertaininty
  • Social choice theory
  • International Trade
Semester III Semester IV
Any one of the following:Macroeconomics
  • Income, Employment and Fluctuations Dynamic Macroeconomics
  • Open-Economy Macroeconomics
  • Monetary Theory and Policy
  • Topics in Macroeconomic Theory
  • Empirical Macroeconomics
Any one of the following :Public Policy: Theory and Institutions
  • Public Economics I
  • Public Economics II
  • Environmental Economics
  • Law and Economics
  • Resource Economics
  • Energy Economics
  • Applied Welfare Economics
  • Economics of Regulation
  • Climate Change Economics
Any one of the following : Economic History
  • India and the Early Modern International Economy
  • Labour Markets in Historical Perspective
  • International Financial System, 1850-1975
  • Indian Business and Entrepreneurial History
  • Industrial Organization in Historical Perspective
  • Contemporary Issues in Historical Perspective
  • Topics in Economic and Social History, 1700-1975
Any one of the following : Development Economics
  • Population and Development
  • Economics of Education and Health
  • Labour Economics
  • Trade and Development
  • Environment and Development
  • Macroeconomic Management in Developing Countries
  • Topics in Development Economics
  • India in the World Economy
  • Transport, Location and Infrastructure
  • Comparative Development
Any one of the following :Econometric Methods and Applications
  • Econometric Methods
  • Applied Multivariate Statistics
  • Time Series Analysis
  • Forecasting Methods and Applications
  • Applied Production Analysis
  • Applied Consumption Analysis
  • Structural Modelling for Policy Analysis
  • Topics in Econometrics
  • Applied Environmental Economics
Any one of the following : Industrial and Agricultural Economics
  • Industrial Organization
  • Industrial Economy of India
  • Economic Theory of the Firm
  • Indian Agriculture: Incentives and Decision-making
  • Indian Agriculture: Markets, Institutions and Technology
  • Topics in Agricultural Economics
Any one of the following :Finance: Theory, Institutions and Modeling
  • Corporate Finance
  • Financial Theory
  • Financial Markets 8
  • Econometrics of Financial Markets
Any one of the following :General
  • Ethics and Economics
  • Issues in Economic Systems and Institutions
  • Issues in the History of Economic Analysis
  • Economics of Discrimination
  • Political Economics

MA Economics Syllabus at Kerala University

Discussed below is the syllabus of MA Economics at Kerala University for your reference, 

Semester I Semester II
MicroEconomics - I Micro Economics- II
Economics of Growth and Development Economics of Social Sector and environment
Indian Economic Policy I Indian Policy II
Quantitative Methods Econometrics and Research Methodology
Semester III Semester IV
Macroeconomics- I Macroeconomics- II
International Economics-I International Economics- II
Public Economics Financial Securities Market Analysis
Any one of the following:
Agricultural Economics
Economics of Insurance
Labour Economics
Law and Economics
Mathematical Economics
Urban Planning
Any one of the following:
Advanced Econometrics
Demography
Economics of Infrastructure
Industrial Economics
Welfare Economics
Women and Development

MA Economics Syllabus at MG University

Discussed below is the syllabus of MA Economics in Mahatma Gandhi University for your reference,

Semester I Semester II
Microeconomics: Theory Of Consumer Behavior & Firm Microeconomics: Markets, Information And Welfare
Macroeconomic Theory And Policy Advanced Macroeconomic: Theory and Policy
Indian Economy: Issues and Policies-I Indian Economy: Issues and Policies- II
Economics of Development and Growth-I Economics of Development and Growth- II
Quantitative Methods for Economic Analysis-I Quantitative Methods for Economic Analysis- II
Semester III Semester IV
International Trade Theory and Policy Global Trading and Monetary system
Public Economics Indian Public Finance
Research Methods in Economics Any one of the following:
Computer Application in Economics
Fundamentals of environmental economics
Resource economics and sustainable development
Economics of Environment and Social Sector Any one of the following:
Management Theory and Practice
Personnel Management
Capital Market
Any one of the following:
Monetary Theory and Policy
Basic Econometrics
Economics of Health and Education
Any one of the following:
Security Analysis and Portfolio Management
Economics of Agriculture
Cooperation and Rural Development
Advanced Econometrics

MA Economics Syllabus at KUK

Discussed below is the syllabus of MA Economics at Kurukshetra University (KUK) for your reference, 

Semester I Semester II
Micro Economic Analysis-I Micro Economic Analysis-II
Macroeconomic Analysis-I Macroeconomic Analysis-II
Quantitative Methods-I Quantitative Methods-II
Public Economics-I Public Economics-II
Any 1 of the following:
  • Financial Economics-I
  • Demography-I
  • Economics of Infrastructure-I
  • Economics of Insurance-I
  • Economics of Labour-I 1
  • Computer Applications in Economic Analysis-I
  • Mathematical Economics-I
  • Economics of Regionalism-I
Any 1 of the following:
  • Financial Economics-II
  • Demography-II
  • Economics of Infrastructure-II
  • Economics of Insurance-II
  • Economics of Labour-II
  • Computer Applications in Economic Analysis-II
  • Mathematical Economics-II
  • Economics of Regionalism-II
Semester III Semester IV
International Trade and Finance-I International Trade and Finance-II
Economics of Environment and Social Sector-I Economics of Environment and Social Sector-II
Indian Economic Policy-I Indian Economic Policy-II
Economics of Growth and Development-I Economics of Growth and Development-II
Any 1 of the following:
  • Econometrics-I
  • History of Modern Economics (Contribution of Nobel Laureates in Economics)-I
  • Economics of Agriculture-I
  • Welfare Economics-I 1
  • Industrial Economics-I
  • Financial Markets and Institutions-I
  • Economics of Gender and Development-I
  • Economic History of ASEAN Countries, China, South Korea and Japan-I
Any 1 of the following:
  • Econometrics-II
  • History of Modern Economics (Contribution of Nobel Laureates in Economics)-II
  • Economics of Agriculture-II
  • Welfare Economics-II
  • Industrial Economics-II
  • Financial Markets and Institutions-II
  • Economics of Gender and Development-II
  • Economic History of ASEAN Countries, China, South Korea and Japan-II

MA Economics Books

There are many books that are available for MA Economics in both online and offline modes. These books help in understanding the concepts and gaining in-depth knowledge of the contents. These books are extremely helpful. Some of these books have been mentioned below for your reference:

Name of the book Author
Basic Economics Thomas Sowell
Microeconomic Theory Andreu Mas-Colell
Modern Microeconomics Anna Koutsoyiannis
Macroeconomics: Theory and Policy D.N. Dwivedi
Foundations of Modern Macroeconomics Ben J. Heijdra
Basic Mathematics for Economists R.C. Joshi
Fundamental Methods of Mathematical Economics A.C. Chiang

Top Colleges for MA Economics

There are many colleges in India that offer MA Economics courses. Some of the most reputed colleges are located in Delhi, Mumbai, Bangalore, etc. A few colleges have been mentioned below for your reference:

Also CheckTop Economics Colleges

MA Economics Syllabus: FAQs

Ques. What is the MA Economics course?

Ans. MA Economics is a 2-year postgraduate course that deals with various topics in economics like finance, investment banking, microeconomics, macroeconomics, accounting management, etc. 

Ques. Is MA Economics course divided into semesters?

Ans. Yes, MA Economics course is divided into 4 semesters of 6 months each. However, IGNOU does not follow a semester pattern for MA Economics. It follows an yearly pattern. 

Ques. What are the subjects that one studies in MA Economics?

Ans. The subjects one will study in MA Economics are:

  • Microeconomics
  • Introductory Mathematical Economics
  • Economic Development and Policy in India
  • Introductory Econometrics
  • Macroeconomic Theory
  • Markets, Institutions and Economic Growth

Ques. What is the eligibility criteria for MA Economics?

Ans. The eligibility criteria for MA Economics is:

  • The candidate must have completed their 10+2 from a recognized board with 50% aggregate.
  • The candidate must have had Mathematics as a subject in 12th.
  • The candidate must have a Bachelor in Economics with an aggregate of 60% from a recognized college/university.
  • The candidate must clear entrance exams where required. 

Ques. Name the top colleges for MA Economics?

Ans. The top colleges for MA Economics are:

  • University of Delhi
  • University of Hyderabad
  • Presidency University
  • Delhi School of Economics

Ques. What is the scope after completing MA Economics?

Ans. The scope after completing MA Economics is:

  • M.Phil. in Economics
  • Ph.D. in Economics
  • MBA in Finance
  • Post Graduate Diploma in Management

Ques. Can I go abroad after completing MA Economics from India?

Ans. Yes, one can easily go abroad after completing MA Economics from India. One can go to pursue Ph.D. from abroad or simply work a job there. 

Ques. What are the career options after MA Economics?

Ans. The career options after MA Economics are:

  • Professor
  • Economist
  • Banker
  • Financial Analyst

Ques. Is there any government job for MA Economics graduates?

Ans. Yes there are many government jobs for MA Economics graduates. They can apply for banking jobs like SBI PO, IBPS, RBI, etc. or they can sit for UPSC exam, UPPSC, MPPSC, BPSC, etc.

Ques. What is the highest salary of a MA Economics graduate?

Ans. The highest salary of a MA Economics graduate is around INR 27 LPA. 

Ask your question

Answered Questions

MS

Mallika Shrivastava

07 Oct 22

There are two main ways to get admission to the Delhi School of Economics (232 seats): direct admission (50%) and entrance test (50%): -

  1. Direct Admission (116 seats) - Any applicant who has previously completed a B.A. (Hons.) in Economics from the University of Delhi with a minimum of 60% marks is eligible to apply in this category. Admissions under this category, on the other hand, are given to those who have had a very good academic record during their graduation. This admissions category is similar to the undergraduate cutoff system.

  2. Entrance Test (116 seats) - Anyone with a 60% average in graduation/postgraduate studies (any subject from any recognised university) is eligible to take the entrance test.

...Show More

UG

Ujoini Ghose

22 Nov 21

Economics offers many career options. Having a master’s degree in Economics from JNU will offer you many placement opportunities. Here are some of the career paths that you can choose after the completion of your degree. 

  • Quite a few companies visit the JNU campus every year to recruit students in data analyst and research analyst profiles. The average package offered in the placement drive is 9 LPA. However, not all students get placement offers. So, you want to work in a data incentive profile, it’s better to go for institutes like DSE, ISI, IGIDR, etc.
  • Many students chose to pursue higher education. You can do M.Phil or integrated M.Phil-P.hD. JNU is a great option for pursuing higher studies in Economics. After completing your degree, you can teach and continue research.
  • You can appear for civil service examinations. 
  • If you want to work in research domain but are not necessarily willing to pursue a P.hD, you can join think tanks. But you should keep in mind that getting into credible think tanks is not easy. 
  • You also have the option to take examinations for RBI and EXIM Bank. A background in Economics is a must for these examinations. 

No matter what you choose to do, the competition is quite hard. So, you will have to work accordingly. 

...Show More

SR

Salini Roy

18 Oct 21

Both the courses are distinct from one another.

At DSE, they train you rigorously in mathematics. And this is an important part of your journey but that is about the only part DSE focuses on. Economic theory at DSE will give you an edge over a lot of other institutions and get your foot in the door inside a lot of big names in finance.

Now coming to JNU, they don’t give a lot of emphasis on Maths but they make sure you read a lot more than you will read at DSE. This means you build a well-rounded view of the world and how economies function. This is a good thing as it will help you very much in mainstream research and things like journalism where you need to know a lot of things. 

Also, at JNU reading thoroughly is a part of the curriculum which is not the same in DSE. With the curriculum at JNU, you will discover different schools of thought and learn to think for yourself. 

Overall, choosing JNU will be better.

...Show More

DD

Disha Dey,

10 Nov 21

Preparing for MA Economics entrances for JNU and DSE will need immense concentration and dedication. You will need to prioritize to keep everything in balance. Here are some things you can go through:

  • The core subjects include Mathematics, Statistics, Microeconomics, Macroeconomics and Econometrics. Select any 3 out of these 5 subjects which you feel are your strengths.
  • Revise the basics from your graduation notes and practice past year exam papers.
  • For the subjects you feel you are weaker in, revise the basics. Do not spend too much time on them. 
  • Practice questions from past years. 
  • Analyse the topics in which you are lagging behind and try to read those in detail. You can also skip some topics too.
  • For Statistics, focus more on Permutations and Combinations, Probability, Discrete and Continuous Random Variables.
  • DSE requires a mathematical approach and proper concentration. So practice past year papers and do not forget concepts.

The books you can refer to are: Dornbush and Blanchard for Macroeconomics. Hal Varian, Nicolson, and Pyndick for Microeconomics. Hammond and Chiang for Maths. SC Gupta and Miller for Statistics and finally Gujarati for Econometrics.

...Show More

DS

Divya Sharma

30 Oct 22

If you want to score good marks in MA economics, take a look at these important sites and books.

Sites:

  1. Economic Discussion- This website has been specially designed for economic students. Here various economic professors and students have shared economics theory in a crisp and easy manner.

  2. Investopedia: This website is suitable for not only economics students but also for finance students. Their USP is their regular update on economic and financial terms in your email.

  3. Your article library: This one is somewhat similar to Economic Discussion.

Books:

  1. Gullybaba: The language used in this book is easy to understand. You can understand the concepts quickly and score good marks.

  2. Neeraj: The language in this book is a bit more complex than Gullybaba. But compared to the IGNOU study materials it’s still easy.

The above sources of study material will help you score better marks for IGNOU MA Economics.

...Show More

HK

Harish Kumar

19 Oct 22

The study material provided by IGNOU is elaborate and more than enough. You don't really need books except for these 3 subjects:

MEC 001 Microeconomic Analysis: For the subject, you might need some extra notes. The best way is to google the topics. You can make notes on the numerical part especially. Usually, the numerical questions are the same as the previous years. Still, it is recommended that you don't skip the study material.

MEC 003 Quantitative Methods in Economics: For this subject, you can make the best use of YouTube videos. Also practising from the previous year's papers will prove to be very helpful.

MEC 105 Indian Economic Policy: The study material provided for this particular subject needs to be updated with the latest data and figures. So it's highly recommended that you prepare topic-wise notes after thorough study.

Ultimately focus on the syllabus whichever source you are referring to.

...Show More

AB

Anshul Bhardwaj

13 Feb 23

Anyone who has completed his/her graduation in any stream can get admission to DSE for MA in Economics. The only eligibility criteria are at least 60% marks in the aggregate ( in the graduation program)

Earlier there was an additional requirement that the aspirant must have studied at least one Maths paper during their graduation. But the recent criteria do not even require that. However, DSE focuses a lot on Math, and having an Engineering background will definitely give you an edge over other candidates.

Recently DSE has witnessed many non-economic students willing to shift their careers in economics and want to pursue Master's in Economics. This shift among students stems from the increasing demand for economists globally in different domains of jobs like Analyst, Economist, Researcher, Data Scientist, etc.

As an MA in Economics aspirant, one thing to keep in mind is that although the entrance exam is easy, the program is quite rigorous and can be extremely stressful at times. So only a true Economics fan should go for it.

...Show More

AK

Aarushi Kumar

03 Nov 22

PhD or research is all about finding out new concepts. Thus we provide a deeper in already existing knowledge. PhD in Social Science is very much different from that of pure sciences, yet the goal is the same. As you know for doing research/PhD at the university level, the qualification required is PG degree. Every university has different criteria for selecting candidates.

As you know DSE, JNU, ISI, IEW, IIPA, and IIMs are the prime institutions for teaching, learning and researching in economics, management and public administration.

If you are willing to get into one of these institutions, a Master’s from IGNOU will have the same value as that from any other university. To get selected into these prestigious institutions, you will have to pass through a rigorous selection process of

  • Entrance

  • Group discussion 

  • Personal interview 

Moreover you will have to provide testimonials from your professors about your academic developments.

...Show More

PT

Prateek Tomar

28 Oct 22

Pursuing MA in economics from IGNOU alongside preparing for RBI Grade B exam has its pros and cons both.

Pros: 

  1. It will make you eligible for RBI Grade B (DEPR) vacancies, for which competition would be lesser as compared to RBI Grade B (General). The probability of selection will be higher.

  2. In future, if you need backup options, this degree will come to your rescue.

  3. This degree will get you brownie points in an interview. The knowledge gained through the pursuit of the degree will be helpful in your career.

  4. Will help with the Economic Issues portion of RBI.

Cons:

  • You might face serious time management issues.

  • If you decide to pursue MA in Economics alongside prepararing RBI Grade B Exam, it have its own respectve pros and cons.

Weighing the pros and cons you can make the decision based on your caliber and situation.

...Show More

DD

Deepak Diwedi

30 Oct 22

The courses of MA in Economics at IGNOU for both years have been tabulated below:

First Year:

Course Code

Course Name

Credits

MEC-001

Micro Economics Analysis 

6

MEC-002

Macro Economics Analysis 

6

MEC-003

Quantitative Methods for Economic Analysis 

6

MEC-004

Economics for Growth and Development 

6

MEC-005

Indian Economic Policy

6

Second year:

Course Code 

Course Name

Credits 

MEC—006

Public Economics 

6

MEC-007

International Trade and Fiance

6

MEC-008

Economics of Social Sector and Environment 

6

MEC-009

Research Methods in Economics 

6

MECP-001

Project Work

6

MECE-001

Economic Methods

6

MECE-003

Actuarial Economics: Theory and Practice 

6

MECE-004

Financial Institutions and Markets

6

MECE-002

Computer Applications in Economic Analysis 

6

For more details visit IGNOUs official website.

...Show More

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