M.Phil. Economics is a master level Economics course. Duration of this course is 2-year long but it may vary from place to place on part-time basis by various institutes. It is the social science that analyses the distribution, production, and consumption of services and goods. Also it focuses to explain how economies interact and how economies work. It is a applied throughout society, finance and government, also in business, also in crime, religion, politics, war, education, the family, law