PhD in Economics is a doctoral degree in Economics and its applied areas. It’s a research and thesis-oriented course for those who are interested in research and its allied activities. Generally, the duration of this course ranges from three to five years. But this may change due to the factors like:
- selected topics
- the feasibility of his/her area of study
- results from the research and analysis of the related data.
Contents
- 1 Key Skills Required for the PhD in Economics
- 2 Highlights of the Doctorate of Philosophy in Economics
- 2.1 Course Type
- 2.2 Duration of the Course
- 2.3 Eligibility of the Course
- 2.4 Admission Process
- 2.5 Syllabus of PhD in Economics
- 2.6 Research
- 2.7 Development Economics
- 2.8 Financial Studies
- 2.9 Electives
- 2.10 Career Prospects of Doctorates in Economics
- 2.11 Highlights of the Doctorate of Philosophy in Economics
- 2.12 Course Type
- 2.13 Duration of the Course
- 2.14 Eligibility of the Course
- 2.15 Admission Process
- 2.16 Syllabus of PhD in Economics
- 2.17 Research
- 2.18 Development Economics
- 2.19 Financial Studies
- 2.20 Electives
- 2.21 Career Prospects of Doctorates in Economics
Key Skills Required for the PhD in Economics
Currently, the requirement to join a PhD program in Economics is a master’s degree in the related and allied subjects. At the same time, any students can’t pursue this program. Because it requires some skills to handle the whole research work.
- Passionate: the person who wants to join the PhD in Economics should develop an urges and willingness to learn and devote themselves to get the desired results from the chosen subject and area.
- Reasonable: A research Scholar must be reasonable in the sense that he/she should develop an ability to reason the derived analysis and results in a sound judgement.
- Strong-willed: the research process is a time-consuming activity. So, the research scholar should be a strong-willed person who can carry out their research activity until the desired results are derived out.
- Good Communication skills: to describe and present their research findings and analysis the researcher should have a keen communication skill to deal without junks and jargons.
Highlights of the Doctorate of Philosophy in Economics
| Course Type | Doctorate |
| Duration | 3-5 years (normal) |
| Eligibility | Masters degree in Economics and its allied streams |
| Recruitment Companies | Indian Oil, Infosys, Bharat Petroleum Corporation Limited, Reliance Industries Limited, BSNL |
| Job position | Banking and Finance, Insurance Investment, Marketing, Management, and Advertising. |
Course Type
PhD in Economics is a doctoral degree where the scholars will learn the research skills and requirements. This program can pursue in either full time or part time basis.
Duration of the Course
Normally, the duration of PhD in Economics is 3 to 5 years. But this will vary to more than 5 years. This variation depends on the selected topic the feasibility of the research works and so on.
Eligibility of the Course
The minimum eligibility for the PhD program in Economics is a Master’s degree in Economics and its allied subjects with a minimum mark of 55% from any recognised university. The students who have a Master of Philosophy in Economics (M.Phil) can also apply for the program.
Admission Process
- Each University has its standards and mode to select PhD Scholars.
- Generally, the research scholar should have their research proposals that include the topic of their research works, data collection method, relevance and significance of the selected topic and so on. That means a proposal should include the entire outline of your research work.
- Some universities prefer scholars who have qualified National Eligibility Test (NET) and Junior Research Fellowships (JRF).
- In addition to these, some universities may conduct their entrance examinations for shortlisting the candidates for the interview rounds.
Syllabus of PhD in Economics
PhD programs are not as simple as undergraduate programs. The extension of the duration, its difficulty and standard depend on the syllabus structure and feasibility of the selected topics. Since PhD in Economics is a research-based program will have limited course work. This will broaden the scholar’s views and strategies for developing a thesis and its related works. The syllabus structure of the PhD program will vary from universities.
Research scholars can also select any specialisations in Economics such as:
- Business economics
- Econometrics
- International Trade
- Industrial Organisation
- Microeconomic Theory
- International Finance
- Econometric Method with Casual Inference
- Political Economy
Generally, the syllabus structure consists of the following components; they are:
Research
- Introduction to Research Methodology
- Advanced Microeconomic Theory
- Topics in Mathematical Economics
- Advanced Economic Theory
- Probability Distribution and Testing of Hypothesis
- Econometric Methods
- Data Collection and Organization
- Advanced Macroeconomics Theory
- Econometric Methods
- Econometric Methods
- Advanced Econometrics
Development Economics
- International Trade and Development
- Industrial Economics
- Rural development
- Labour and migration
- Political Economy of Development
- Economics of the computer and information science
- Environment and development
- Governance and the political economy of development
- Poverty and inequality
- Health and education
- International Macroeconomics
- Urbanization and development
Financial Studies
- Overview of Financial Markets
- Interest rate derivative
- Macro-economic consequences of Financial Imperfections
- Modelling the behaviour of asset prices
- Trading strategies in financial markets
- Role of Financial Intermediaries
- Hedging strategies with financial markets
Electives
- Advanced Economic Theory
- Theory of Economic Growth and Technical Progress
- Economics of Planning
- Economics of Education and Development
- Public Finance
- Development of Economics
- Agrarian Development
- Economics of Energy
- International Trade and Finance
- Welfare Economics
In the final stage, there will be a thesis presentation and based on this presentation the panel board will decide whether the scholar will be awarded the PhD degree or not through a Viva- Voce Examination.
Career Prospects of Doctorates in Economics
Doctorate in Economics has wider career opportunities in a worldwide scenario. Here the PhD in Economics is considered as the highest form of studies. After this program, one can find their career in various field like finance and investments, banking, Academic area etc.
Some of the important job roles that a PhD in Economics graduates are Educational Head, Data Analyst, Economist, professor/lecturer, and research scientist.
- selected topics
- the feasibility of his/her area of study
- results from the research and analysis of the related data.
Key Skills Required for the PhD in Economics
Currently, the requirement to join a PhD program in Economics is a master’s degree in the related and allied subjects. At the same time, any students can’t pursue this program. Because it requires some skills to handle the whole research work.
- Passionate: the person who wants to join the PhD in Economics should develop an urges and willingness to learn and devote themselves to get the desired results from the chosen subject and area.
- Reasonable: A research Scholar must be reasonable in the sense that he/she should develop an ability to reason the derived analysis and results in a sound judgement.
- Strong-willed: the research process is a time-consuming activity. So, the research scholar should be a strong-willed person who can carry out their research activity until the desired results are derived out.
- Good Communication skills: to describe and present their research findings and analysis the researcher should have a keen communication skill to deal without junks and jargons.
Highlights of the Doctorate of Philosophy in Economics
| Course Type | Doctorate |
| Duration | 3-5 years (normal) |
| Eligibility | Masters degree in Economics and its allied streams |
| Recruitment Companies | Indian Oil, Infosys, Bharat Petroleum Corporation Limited, Reliance Industries Limited, BSNL |
| Job position | Banking and Finance, Insurance Investment, Marketing, Management, and Advertising. |
Course Type
PhD in Economics is a doctoral degree where the scholars will learn the research skills and requirements. This program can pursue in either full time or part time basis.
Duration of the Course
Normally, the duration of PhD in Economics is 3 to 5 years. But this will vary to more than 5 years. This variation depends on the selected topic the feasibility of the research works and so on.
Eligibility of the Course
The minimum eligibility for the PhD program in Economics is a Master’s degree in Economics and its allied subjects with a minimum mark of 55% from any recognised university. The students who have a Master of Philosophy in Economics (M.Phil) can also apply for the program.
Admission Process
- Each University has its standards and mode to select PhD Scholars.
- Generally, the research scholar should have their research proposals that include the topic of their research works, data collection method, relevance and significance of the selected topic and so on. That means a proposal should include the entire outline of your research work.
- Some universities prefer scholars who have qualified National Eligibility Test (NET) and Junior Research Fellowships (JRF).
- In addition to these, some universities may conduct their entrance examinations for shortlisting the candidates for the interview rounds.
Syllabus of PhD in Economics
PhD programs are not as simple as undergraduate programs. The extension of the duration, its difficulty and standard depend on the syllabus structure and feasibility of the selected topics. Since PhD in Economics is a research-based program will have limited course work. This will broaden the scholar’s views and strategies for developing a thesis and its related works. The syllabus structure of the PhD program will vary from universities.
Research scholars can also select any specialisations in Economics such as:
- Business economics
- Econometrics
- International Trade
- Industrial Organisation
- Microeconomic Theory
- International Finance
- Econometric Method with Casual Inference
- Political Economy
Generally, the syllabus structure consists of the following components; they are:
Research
- Introduction to Research Methodology
- Advanced Microeconomic Theory
- Topics in Mathematical Economics
- Advanced Economic Theory
- Probability Distribution and Testing of Hypothesis
- Econometric Methods
- Data Collection and Organization
- Advanced Macroeconomics Theory
- Econometric Methods
- Econometric Methods
- Advanced Econometrics
Development Economics
- International Trade and Development
- Industrial Economics
- Rural development
- Labour and migration
- Political Economy of Development
- Economics of the computer and information science
- Environment and development
- Governance and the political economy of development
- Poverty and inequality
- Health and education
- International Macroeconomics
- Urbanization and development
Financial Studies
- Overview of Financial Markets
- Interest rate derivative
- Macro-economic consequences of Financial Imperfections
- Modelling the behaviour of asset prices
- Trading strategies in financial markets
- Role of Financial Intermediaries
- Hedging strategies with financial markets
Electives
- Advanced Economic Theory
- Theory of Economic Growth and Technical Progress
- Economics of Planning
- Economics of Education and Development
- Public Finance
- Development of Economics
- Agrarian Development
- Economics of Energy
- International Trade and Finance
- Welfare Economics
In the final stage, there will be a thesis presentation and based on this presentation the panel board will decide whether the scholar will be awarded the PhD degree or not through a Viva- Voce Examination.
Career Prospects of Doctorates in Economics
Doctorate in Economics has wider career opportunities in a worldwide scenario. Here the PhD in Economics is considered as the highest form of studies. After this program, one can find their career in various field like finance and investments, banking, Academic area etc.
Some of the important job roles that a PhD in Economics graduates are Educational Head, Data Analyst, Economist, professor/lecturer, and research scientist.