Phd in Economics 2024

PhD Economics Admission: Application Form, Notification, Exam Dates, Eligibility, Top Colleges

Ph.D. in Economics is a three to five-year doctorate course. Qualification for the course is a postgraduate course in Financial matters, candidates ought to likewise have Four year certification in Financial aspects/Lone ranger in Innovation in Financial aspects from perceived College.

Note: Understudies who wish to seek after their schooling in Administration field or get a lifelong lift, can check MBA course.

Top establishments which are offering Ph.D. in Financial matters course are as per the following:

• Indian Institute of Technology
• Indian Statistical Institute
• Loyola School
• Indian Institute of Management
• Lovely Professional University
• Fergusson School
• IFMR – Institute for Financial Management And Research

The typical educational expenses for Ph.D. in Financial matters ranges between INR 80,000 to 6 Lacs for the range of 3 to 5 years.
Admissions to Ph.D. in Financial aspects course are based on advising in the wake of clearing entry tests relying upon the universities. Some of them are:
1. GATE
2. UGC NET
3. GRE
4. JCECE (Jharkhand Consolidated Entrance Competitive Test)
5. IIM Ph.D. test

Significant subjects concentrated in Ph.D. in Economical matters course are Farming Economical matters, Monetary Economical matters, Work Economical aspects, Modern Economics matters, Worldwide Economics aspects, Business Economics aspects, Banking Economics matters, Natural Economics matters, Formative Economics aspects, Provincial Economics aspects and Country Improvement and Econometrics and so forth.
Graduates with this degree have a chance for the businesses like Instructing Focuses, Financial matters Consultancies, Financial matters Division, Home Educational costs, Galleries, Confidential Educational costs, Distributing House, Innovative work Offices and Schools and so on.

A portion of the top organizations employing Ph.D. in Financial matters graduates are Bank of India, Bharat Manufacture, Bharat Oil Partnership Restricted, BSNL, Discerning, Ericsson India, Flipkart, Future Gathering, Goldman Sachs, Grasim Honda Bikes, Indian Oil, Infosys, JCB, Mahindra Designing, Microsoft, ONGC, Dependence, Dependence Enterprises Restricted, Goodbye, Goodbye Power, TCS and so forth. The typical compensation for Ph.D. in Financial aspects graduates is around INR 2 to 8 Lacs however this can be higher based on experience and different elements.

Ph.D. in Economics: Course Highlights

Listed below are some of the major highlights of the course.

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.

Course Fee

INR 80, 000 to 6 Lakh for three years

Average Starting Salary

INR 2 to 8 lacs per annum

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, L T L T 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: What is it About?

Ph.D. in Economics ordinarily covers macroeconomics and microeconomics. Nonetheless, this is a helpful degree if you need to get a lifelong in educating or officially exploring monetary subjects. When the proposition is supported and the oral test passed, the last long periods of enlistment are devoted towards the exploration, composing, and protection of a paper.
Numerous understudies are keen on chasing after higher examinations in this subject. The significant open door which lies in the field of Economics is that it is predominantly associated with the field of Exploration. A Ph.D. degree ought to possibly be taken in the event that an individual has adequate interests in research-situated works. For the most part the PhDs are taken by individuals who are associated with the Scholastics field. This might bring about better comprehension of the specific field or subject in a superior way.
This could include affirmations in renowned organizations and arrangements in blue-chip organizations. Large numbers of them have likewise been participated in different fields going from common society to strategy making through their schooling, research, field activity, and expansion.
Understudies would have the option to grasp a great many hypothetical discussions in economics and business, break down monetary issues and assess the ramifications for financial arrangement and business arranging and system subsequent to finishing Ph.D. in Economics course
A graduate degree or Ph.D. in Economics is expected for most business analyst occupations. A postgraduate education is in some cases expected for progression to more significant level positions.

Ph.D. in Economics: Top Institutes

NAME OF INSTITUTE

CITY

AVERAGE COURSE FEES

Indian Institute of Technology

Indore

INR 3 Lakh

Indian Statistical Institute

Kolkata

INR 2 Lakh

Loyola College

Chennai

INR 3.55 Lakh

Indian Institute of Management

Bangalore

INR 400,000

Lovely Professional University

Punjab

INR 249,500

Stella Maris College

Chennai

INR 207,620

School of Management, BML Munjal University

Gurgaon

INR 67150

Fergusson College

Pune

INR 45,800

IFMR – Institute for Financial Management and Research

Chittoor

INR 75,000

Mizoram University

Mizoram

INR 80,000

Madras Christian College

Madras

INR 60,000

Amity University

Jaipur

INR 250,000

Shri Ramswaroop Memorial University

Lucknow

INR 100,000

Meenakshi College For Women

Chennai

INR 50,000

AISECT University

Bhopal

INR 200,840

Santosh University

Ghaziabad

INR 3 Lakh

Ph.D. in Economics: Eligibility

To seek after a Ph.D. in Economics course, the competitor ought to have Bosses or M.Phil. degree in Economics from a perceived college. Likewise the experts in Science/Drug store and Economics or the pertinent stream with a total of 55% imprints and furthermore with substantial Ph.D. entrance test alongside the meeting. For admission to the Ph.D. program in Economics office, a base prerequisite is Graduate degree in Economics.
Assuming that you have taken admission to M.Phil degree through a placement test, you should not give any selection test at Ph.D. level. A few Colleges likewise concede understudies on premise of Public Qualification Test (NET). Last Confirmation is given based on Interview round directed almost a month prior to the beginning of the semester.
As a rule, Ph.D. course confirmation is finished after Experts or M.Phil degree, yet in the event that you end up being one of the clinchers in UG BE/B.Tech course from a presumed college, you might be qualified for direct admission to the Ph.D. course. Such up-and-comers require 75% imprints in qualifying assessment alongside a substantial Door score.

Ph.D. in Economics: Admission Process

In India, colleges have privileges to set their own methodology and guidelines for the Ph.D. program affirmations. In any case, the arrangement of prerequisites for the application are comparable. These ought to incorporate an examination proposition, specifying the proposed layout of your Ph.D. project, and making sense of the procedure you intend to utilize.
This is alluded to as the National Eligibility Test (NET) and is directed by the University Grant Commission (UGC) for most subjects, except for Science and Designing which are covered by the Council of Scientific and Industrial Research (CSIR).

Entrance Exams are:

1. JCECE (Jharkhand Combined Entrance Competitive Exam)
2. UGC NET
3. IIM Ph.D. test
4. GRE
5. GATE

Albeit a college degree or a graduate degree in economics might be useful for confirmation, most projects just require imminent understudies to have finished a year or a greater amount of school level economics. Also, many projects expect candidates to have finished a few semesters of math. While not needed, a few projects likewise suggest that understudies total courses in measurable examination prior to applying.
Likewise, most projects expect candidates to submit scores from the Graduate Record Examination (GRE) and letters of proposal. Numerous economics divisions expect that imminent up-and-comers likewise give a mission statement. The assertion ought to frame the understudy’s objectives and furthermore demonstrate conceivable exploration regions, similar to worldwide economics or pay dispersion.

Latest Ph.D. (Economics) Admission Alert

• Jamia Millia Islamia (JMI) Admission 2024 (Open): UG, PG, PhD, Courses, Eligibility, Entrance Exam, Last Date To Apply
• IGNOU Admission 2024: Registration (Open), UG, PG, PhD, Courses, Fees, Eligibility, Application Process
• IIT Bhilai Courses Admission 2024 (Open): Cutoff (Released), Eligibility, Application Process, Dates
• IIIT Kalyani Courses Admission 2024: Dates, Eligibility, Selection Criteria, Application Process
• IIT Palakkad Courses Admission 2024 (Open): Cutoff (Released), Eligibility, Application Process, Dates
• IIT Dharwad Courses Admission 2024 (Open): Cutoff (Released), Eligibility, Application Process, Dates

Ph.D. in Economics: Syllabus and Course Description

PAPER I) COURSE ON RESEARCH METHODOLOGY

PAPER II) ADVANCED TOPICS IN ECONOMICS

Unit-1:

  1. Introduction to philosophy of science and research methodology
  2. Research Design: Need for research design, Features of a good research design, Different research design
  3. Experimental survey: Basic principles of experimental design
  4. Case studies – problems and limitations.
  5. Planning and implementing research projects: planning a research project, problem formulation, research strategy and methods

Unit 1: Micro and Macro Economics

  1. Consumer Demand Theory: Choice under Certainty and Uncertainty
  2. Theory of Production and Cost
  3. Inflation and Unemployment in the Closed and Open Economy
  4. Macro policy options

Unit-2:

  1. Methods of Data Collection: Direct method and Indirect methods
  2. Data collection through questionnaires and schedules
  3. Problems in data collection
  4. Data processing: Operations and Problems in data processing
  5. Sampling design: meaning and its applications
  6. Measurement and scaling techniques: Measurement Scales and Sources of errors in measurement

Unit 2: International Trade, International Finance, Corporate Finance

  1. Modern theory of trade and trade Policy,
  2. Intra-Industry Trade, Free Trade versus Protection, Analysis of gains from free trade.
  3. Theories of Balance of Payment and exchange rate determination
  4. Policy Conflicts and Adjustment under Fixed and Flexible Exchange Rates
  5. Modern Investment Theory
  6. Financial Derivatives

Unit-3:

  1. Analysis of Data: Measures of and analysis Central Tendency, Dispersion, Skewness, and Kurtosis
  2. Theoretical Distributions: Normal, Poisson and Binomial
  3. Statistical Estimation and Testing of a hypothesis.

Unit 3: Development and Growth Theory • Theories of under-development • Classical Growth Models • Endogenous Growth Models • Sustainable Development

Unit-4: • Methods of Analysis: Simple and Multiple Regression • Time series analysis • Problems in econometric estimation

Unit 4: Economic Issues and Policy-I • Planning and Economic Reforms • Financing of Infrastructure Development, Education Sector, • PSUs, Privatization and Disinvestment, • Fiscal and Monetary Policy Approaches Tax Reforms, Central Government Finances • Financial Sector Reforms, Money and Capital market. • Foreign Trade Liberalization, Balance of Payments, Exchange Rate • World Trade Organization (WTO) and Indian Competition Policy. • WTO and Effects of Trade (Liberalization and Globalization) on Poverty, Inequality, Environment, Gender, Labour Standards, Technological Transfers etc.

Unit-5: • Documentation – writing the research thesis • Introduction to statistical and econometric software

Unit 5: Economic Issues and Policy-II • Poverty, Income Distribution and Justice • Migration and Demographic Transition • Land Reforms in India and their impact on Agrarian Structure • Nature and Problems of Rural Development in India • Indian Industry and Structural Changes • Rural industrialization and strategies • Rural poverty alleviation and employment programmes

Ph.D. in Economics: Career Prospects

The students can opt in for the various specializations which are available such as:

  • Applied Economics
  • Econometrics
  • Business economics etc.

The candidates can clear NET conducted by UGC for lecture posts. The remuneration in this field is pretty good when compared to others.

Work LocationSalary
Mumbai, MaharashtraINR 258,000 – 645,000
Chennai, Tamil NaduINR 200,000 – 720,000
Hyderabad, Andhra PradeshINR 1,80,000
Bangalore, KarnatakaINR 5,40,000


A Ph.D. degree will assist an individual with getting into the exploration situated showing profession.The competitors can likewise get utilized in Exploration labs and so forth. After Ph.D. one can likewise apply for the Lesser Partnership tests. Thus the course of Economics in will be more sought after among the understudies these days.
The vocation possibilities for Ph.D. in Economics graduates are a large number. Various fields are sitting tight for financial alumni both in general society as well as the confidential areas. The typical compensation is Rs 4 to 8 lakh for every annum.

Ph.D. in Economics? Employment Opportunities

The various fields are offering better job opportunity after passing Masters or M.Phil. in Economics.
1. Accounting
2. Auditor
3. Banking and Finance
4. Insurance Investment
5. Marketing
6. Stock Broker
7. Media Analyst
8. Management
9. Manufacturing
10. Advertising
11. Communication
12. Actuarial
13. Education and Research
14. Retailing
15. System Analysis
Postsecondary economics teachers and economists are two careers in which a Ph.D. in Economics is helpful.

Different Fields of Economics

There are various fields of economics. Some of the important disciplines are given here.
1. Agricultural Economics
2. Financial Economics
3. Labour Economics
4. Industrial Economics
5. International Economics
6. Business Economics
7. Banking Economics
8. Environmental Economics
9. Developmental Economics
10. Rural Economics and Rural Development
11. Econometrics
You can apply to Indian Economic Services.

Job Position

Job Description

Average Annual Pay Scale in INR

Lecturer/Professor

The NET is conducted to determine the eligibility for Junior Research Fellowship Award or Assistant Professor. A lecturer’s job provides a stable salary and gives you a chance to constantly increase your knowledge.

295,493

Banker

Bankers give their customers a wealth of services. They assist in setting up certificates of deposit and opening a checking or savings account as well as handling trusts, investment accounts, deposits, lines of credit and much more.

467,000

Economists

An economist researches and interprets trends related to goods, services, and resources. They provide advice on economics to businesses and individuals. 

455,286

Geographer

A geographer uses qualitative and quantitative methods to gather and analyze data, synthesizing it into maps, reports, and other usable formats. Geographers specialize in the study of physical and human characteristics of an area, such as vegetation or population density. Employment often requires at least a bachelor’s degree – and more commonly a master’s degree – and relevant experience. Professional GIS certification may also be required.

5,14,536

Econometricians

Reaching agreements about research projects with internal or external clients Monitoring and evaluating the data collection process. Using statistical software to organize and analyze the information gathered

478,705

Public Relations Officer

Public relations (PR) is about managing reputation. To provide support and understanding to the clients as well as to try to influence them by your opinions and behavior. All means of media and communication should be used to manage the reputation of the customers.

240,790

Industrial organization economists

Industrial economists analyze savings, investments, and risk. Industrial economists study the supply of workers and the demand for labor by employers.

8,70,558

Political Scientists

Political scientists research the developmental and organizational aspects of political institutions, including government policies and patterns. While a bachelor’s degree may qualify some candidates for entry-level positions with government entities, nonprofit associations, political campaigns or research organizations, completion of a master’s or Ph.D. program in political science or public administration is the usual requirement for obtaining a position. 

4,66,071

PhD Economics 3: FAQs

Ques. For what reason would it be a good idea for us to select for a PhD Admission in 2024?

Ans. PhD is a truly noteworthy degree in India. Procuring a PhD degree is exceptionally valuable to the up-and-comers as it likewise assumes a significant part in helping the compensation alongside an advancement in a task in the event that the competitor is in the educating field.

Ques. What is the process of PhD Admission 2024?

Ans. PhD Admission process is finished by two techniques. A few colleges offer PhD Confirmation 2024 based on merit in which the affirmation is finished relying on the characteristics of the up-and-comers in the PG degree. The other one depends on entrance where the affirmation is finished through the imprints scored by the up-and-comers in the selection test.

Ques. Is there any age limit to take PhD Admission in India?

Ans. There is no particular age limit for PhD courses. It tends to be sought after at whatever stage in life yet the up-and-comer ought to fulfill the qualification measures.

Ques. What is an Direct PhD program?

Ans. Direct PhD is a program that should be possible following finishing a B.Tech degree. There is compelling reason need to finish a graduate degree. It is contrived mostly for the understudies who need to seek after a vocation in the examination field. It is currently being presented in IIT foundations like IIT Madras.

Ques. Is a direct PhD admission advisable in India? Can a candidate apply for an assistant professor post after that in India?

Ans. Direct PhD is without a doubt accessible in India. Yet, on the off chance that a competitor wishes to go into the showing calling, the typical PhD program will be the most ideal choice as opposed to the immediate PhD program.

Ques. Is Jamia structure out for PhD Affirmation 2024?

Ans. Indeed, JMI has proactively finished up its PhD affirmation for the year 2023 on April 30, 2024.

Ques. What is the last date of IGNOU PhD confirmation 2024?

Ans. PhD Confirmation 2024 at the IGNOU has been closed for the January meeting on Walk 31, 2024. Notwithstanding, IGNOU PhD Affirmation 2024 for the July meeting is open till July 31, 2024.

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