Understanding fundamentals of economic theories and their actual implementation in Public-Private sectors for Rural-Urban setup along with Government Policies is the most crucial part of the study of Economics. The Department of Economics introduces 2 years M.A. Economics Program (With Specialization in Urban and Rural Development Strategic Planning) to help students to understand the Theoretical, Mathematical and Practical aspects of Policy designing and its impact on important economic parameters.


The Department of Economics has its own Ph.D. Research Centre approved by the University of Mumbai since 2020 and it is also a part of the New Research Centre for Agriculture and Rural Studies (Sponsored by RUSA since 2019). The Department of Economics, St. Xavier’s College, Mumbai has a full-fledged library as well as CMIE Database.


Department of Economics has worked with various national and international universities and colleges for Faculty-students Exchange Programs such as Farmer School of Business, University of Miami, USA, St. Xavier’s College, Jaipur, St. Xavier’s College, Kathmandu, Nepal. Student of Department of Economics have done internship with the Centre for WTO Studies, New Delhi, RBI, World Bank, Chief Minister Office, Government of Maharashtra and MNCs. The Campus placement is remarkably high for students of Economics in Banking, MNCs and Government Sector.


Course Objectives:


  • To train students to apply fundamentals of economics in the strategic planning of Urban and Rural Development.
  • To train students to understand the upcoming challenges in the fields of Energy, Environment, Infrastructure and Behavioural Economics
  • To help them understand the basic and fundamental differences in Urban City Development Strategy (Smart City) and Rural Village Development Strategy (Smart Village).
  • To help them to understand the Economics of Financing the Development and its challenges.
  • To train them in understanding Economics of Housing, Economics of Infrastructure separately in Urban and Rural setup. 
  • To help the students to understand practical application of Economics Theories in Public and Private Sectors in Policy Designing and Implementation


Highlights of the course


  •  The entire course structure is unique and every course is designed by the subject experts of the respective field.
  • All the courses will be taught by the highly experienced academicians, professionals and industry experts of the respective fields
  • The course is a perfect blend of classroom lectures and online lectures (hybrid mode of teaching), computer lab training of research software, field work, research and internship programs.
  • This is a 2 years Full time Master’s program affiliated with the University of Mumbai.
  • The Department of Economics has a Ph.D. Research Centre approved by the University of Mumbai.
  • Department of Economics is a part of New Research Centre for Agricultural and Rural Studies, St. Xavier’s College, Mumbai sponsored by Rashtriya Uchchatar Shiksha Abhiyan (RUSA).




  • MA Part 1 (Semesters I and II) - Rs. 1,15,000/- (Rupees One Lakh Fifteen Thousand only)
  • MA Part 2 (Semesters III and IV) - Rs. 1,15,000/- (Rupees One Lakh Fifteen Thousand only)