Ph.D (Doctor of Philosophy) in Economics Admission Open 2024-25
About Ph.D. in Economics
Ph.D. in Economics is a three to five-year doctorate course. Qualification for the course is a postgraduate course in Economics, applicants ought to likewise have Bachelor's certification in Economics/Bachelor in Technology in Economics from recognized University.
Many students are interested in pursuing higher studies in Economics. The significant chance which lies in the field of Economics is that it is primarily associated with the field of Research. A Ph.D. degree ought to possibly be taken if an individual has adequate interests in research-situated works. For the most part, the PhDs are taken by individuals who are associated with the Academics field. This might bring about better comprehension of the specific field or subject in a superior way.
The educational program for a Ph.D. in Economics is to such an extent that the initial two years are principally centered around the coursework and creating research plans. From the third year onwards, understudies accomplish their examination work and present their work at workshops. Likewise, understudies are prepared to have instructing experience. Understudies enjoy exercises that remember educating for universities and foundations to acquire insight.
Significant subjects concentrated in Ph.D. in Economics course are Agricultural Economics, Financial Economics, Labor Economics, Industrial Economics, International Economics, Business Economics, Banking Economics, Environmental Economics, Developmental Economics, Rural Economics, and Rural Development and Econometrics, and so forth.
Graduates with this degree have a chance for the ventures like Coaching Centers, Economics Consultancies, Economics Department, Home Tuitions, Museums, Private Tuitions, Publishing House, Research and Development Agencies and Schools, and so on.
Ph.D. in Economics Course Highlights
| Course Level | Doctorate |
| Duration | 3 to 5 years |
| Examination Type | Semester System |
| Eligibility | Post-graduation in Economics |
| Admission Process | Based on counseling after clearing Entrance Tests like UGC-NET for different colleges. |
| Top Recruiting Companies | Bank of India, Bharat forge, Bharat Petroleum Corporation Limited, BSNL, Cognizant, Ericsson India, Flipkart, Future Group, Goldman Sachs, Grasim Honda Two Wheelers, Indian Oil, Infosys, JCB, Engineering and Construction, Local Oye, Mahindra Engineering, Microsoft, ONGC, Reliance, Reliance Industries Limited, TATA, Tata Power, TCS |
| Job Positions | Accounting, Auditor, Banking and Finance, Insurance Investment, Marketing, Stock Broker, Media Analyst, Management, Manufacturing, Advertising, Communication, Actuarial |
Ph.D. in Economics: Eligibility
- To seek after a Ph.D. in Economics course, the applicant ought to have Masters or M.Phil. degree in Economics from a recognized university. Likewise the bosses in Biology/Pharmacy and Economics or the significant stream with a total of 55% imprints and furthermore with a legitimate Ph.D. entrance test alongside the meeting.
- On the off chance that you have taken admission to M.Phil degree through a selection test, you shouldn't give any placement test whatsoever. level. A few Universities likewise concede understudies on-premise of the National Eligibility Test (NET). Last Admission is given based on the Interview round directed almost a month prior to the initiation of the semester.
- Generally, Ph.D. course confirmation is done after Masters's or M.Phil degree, however on the off chance that you end up being one of the clinchers in UG BE/B.Tech course from a rumored college, you might be qualified for direct admission to the Ph.D. course. Such applicants require 75% imprints in qualifying assessment alongside a substantial GATE score.
Admission Process for Ph.D. in Economics
- The initial step is to look for universities or colleges which are offering Ph.D. in Economics. Actually, take a look at the expenses, the seats offered qualification rules which are set for the course.
- Continue to apply for affirmation. The application structures are accessible for a restricted timeframe so the competitor is encouraged to know the subtleties way ahead of time.
- Universities direct placement tests for admission to Ph.D. After breeze through the selection test, understudies should show up for a Personal Interview (PI), where they will likewise need to introduce their proposition or rundown of their field of specialization.
- Chosen and qualified up-and-comers make the legitimacy list. The understudy needs to get the ideal position and rate, to be qualified for affirmation.
- The applicant should show up for the guiding meeting directed at the college to book their seat, present their records and pay the charges to seal confirmation.
Ph.D. in Economics: Syllabus
| Subjects | |
| Micro and Macro Economics-Importance uses and differences. | |
| Theory of Demand- Cardinal and Ordinal measurement theory, Revealed preference, Hicks Logical Ordering theory, Elasticity. | |
| Theory of Production and Cost- Law of variable proportion, Production function with two variables, Returns to scale, Cost of production, and cost. | |
| The Theory of Distribution- Marginal productivity, Land, Interest, Profit, and wages theories. | |
| Market Theory- All types of markets, firm, and industry behavior in different markets, Price discrimination. | |
| Theory of Income and Employment- Classical and Keynesian theory. | |
| National Income- Concepts and methods. | |
| Consumption and Investment Theory- Keynes theory, MEC, Propensity to save and invest Life cycle theory of consumption, a permanent theory of consumption. | |
| Money and Banking- Functions of money, Commercial bank, and RBI, Monetary policy. | |
| Theory of intervention- Tariff and Import quota, Free trade and protection. |
Research Fields in Economics
- Development of Economics
- Behavioural & Experimental
- Econometric Method with Casual Inference
- Econometrics
- Economic History
- Finance
- Industrial Organisation
- International Trade
- International Finance
- Labor Economics
- Market Design
- Microeconomic Theory
- Macroeconomics
- Political Economy
Ph.D. in Economics Top Recruits
A portion of the top organizations employing Ph.D. in Economics graduates are Bank of India, Bharat Forge, Bharat Petroleum Corporation Limited, BSNL, Cognizant, Ericsson India, Flipkart, Future Group, Goldman Sachs, Grasim Honda Two Wheelers, Indian Oil, Infosys, JCB, Mahindra Engineering, Microsoft, ONGC, Reliance, Reliance Industries Limited, TATA, Tata Power, TCS and so on The normal compensation for Ph.D. in Economics graduates is around INR 2 to 8 Lacs yet this can be higher based on experience and different components.
Ph.D. in Economics: Job Description
| Occupation Position | Job Description |
| Economists | A business analyst investigates and deciphers patterns identified with products, administrations, and assets. They give exhortation on financial matters to organizations and people. |
| Teacher/Professor | The NET is led to decide the qualification for Junior Research Fellowship Award or Assistant Professor. A teacher's work gives a steady compensation and allows you an opportunity to continually expand your insight. |
| Banker | Bankers give their clients an abundance of administrations. They help with setting up declarations of stores and opening a checking or bank account just as taking care of trusts, venture accounts, stores, credit extensions, and substantially more. |
| Industrial organization economists | Industrial financial specialists examine reserve funds, ventures, and hazards. Modern financial specialists concentrate on the stock of laborers and the interest for work by managers. |
| Political Specialists | Political researchers research the formative and hierarchical parts of political establishments, including government approaches and examples. While a four-year college education might qualify a few possibilities for section-level situations with government substances, charitable affiliations, political missions, or exploration associations, finishing off an expert's or Ph.D. program in political theory or policy implementation is the typical prerequisite for getting a position. |
| Geographer | A geographer utilizes subjective and quantitative strategies to accumulate and investigate information, blending it into guides, reports, and other usable arrangements. Geographers have practical experience in the investigation of the physical and human qualities of a space, like vegetation or populace thickness. Work frequently needs somewhere around four-year certification - and all the more normally a graduate degree - and pertinent experience. Proficient GIS affirmation may likewise be required. |
| Econometricians | Reaching arrangements about research projects with inner or outer customers Monitoring and assessing the information assortment measure. Utilizing measurable programming to put together and investigate the data assembled. |
| Advertising Officer | Public relations (PR) is tied in with overseeing notoriety. To offer help and comprehension to the customers just as to attempt to impact them by your viewpoints and conduct. All methods for media and correspondence ought to be utilized to deal with the standing of the clients. |
