The Masters Programme in Economics at the Delhi School of Economics has come to be regarded as one of the best of its kind in Asia. The hallmark of the institute is the dynamic curriculum offered, that is continuously reviewed and updated by the faculty in line with the changing trends in the global economy. This ensures that students are exposed to the latest developments in economics. Regular interactions with visiting faculty from prestigious institutions across the world, through guest lectures and seminars, form an integral part of the programme.

Admission to the programme takes place on the basis of a rigorous written examination that tests the students' knowledge of their fundamentals. The test is taken by students from across the country, with only the top 10 per cent being finally selected into the programme.

The programme is spread out over a period of two years, and comprises four semesters. Each student is required to undertake six compulsory and nine elective courses. The system of electives allows students to choose the discipline they wish to specialize in. Each elective serves as an independent module and a group of electives can be taken to form a specialization.

Students are also imparted training in the use of specialized econometric software, which enhances the students' analytical skills, enabling them to better apply their theoretical knowledge and carry out independent research. A system of internal evaluation involving regular tests and term papers fosters academic discipline and independent thought.

The Masters in Economics programme is structured in a manner that ensures a continuous evaluation of students - making them thorough with their concepts and instilling a strong work ethic. The process includes a system of internal assessment based on regular mid-semester tests and tutorial assignments as well as term papers, besides the end-of-semester examinations. There are also computer assignments in relevant courses.

The emphasis is on inculcating a problem solving approach among the students, instilling in them an ability to understand the basics and innovate on the ideas imbibed during the course duration. This enhances their conceptual and analytical reasoning powers.

Tutorial system is a unique feature of the Masters programme at the Delhi School of Economics. It involves personal interaction of a small group of students with a member of faculty involved with the particular course. This is instrumental in building strong fundamentals, providing the students with an opportunity to voice their queries.

Term papers are an integral part of the evaluation process in several courses. They are an important value addition to the students' understanding of the subjects.

A. Application of theory
Application of an appropriate analytical framework, along with empirical evidence, is a sure test of the students' understanding of the concepts at hand. The emphasis is on approaching issues with new perspectives, in-depth analysis of current and potential scenarios, providing probable solutions. Empirical analysis is carried out using highly advanced econometric packages, which creates the interface between theoretical and practical knowledge.

B. Teamwork
Students generally form groups to present term papers. This approach incorporates a spirit of teamwork and knowledge sharing. It allows for discussion and exposure to different perspectives, giving a more comprehensive way of tackling the problem.

C. Presentation
At the final stage of a term paper, students are required to present their final analysis to a panel of experts and peers. In the process, they are exposed to multiplicity of questions related to the chosen topic. This enhances the comprehension of the conceptual material and also trains them to present their ideas in a coherent and logical manner.