PhD in Economics (Doctor of Philosophy in Economics)
PhD in Economics About
PhD in Economics is a doctorate course that deals with the study of applied microeconomics, economic theory, game theory, energy economics, labor economics, and theoretical and applied econometrics. The PhD in Economics duration is 3-5 years. A Doctorate degree in Economics in India prepares students to pursue a variety of rewarding careers including Auditor, Stock Broker, Media Analyst, Actuarial, Lecturer or Professor, Banker, Economists, Geographer, Econometricians, Public Relations Officer. An MRes in Economics is typically a one-year research-focused program that provides students with the opportunity to develop advanced research skills and techniques. Students will typically complete a research project, which will serve as a basis for their dissertation. MRes programs are often used as a stepping stone to a PhD in Economics, as they provide a solid foundation in research methods and techniques.
PhD in Economics Course Highlights
| Course Level | Doctorate Degree |
| 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, 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 |
PhD in Economics Entrance Exam
For an M.Res or M.Phil in Economics, entrance exams may be required by some universities. The type of exam may vary by institution, but it often includes an assessment of the candidate's research skills, mathematical abilities, and knowledge of economics concepts.
| UGC NET |
| IIM Ph.D. test |
| GRE |
| GATE |
PhD in Economics Admission Process
| Admission requirements may vary by institution, but typically include a bachelor's degree in economics or a related field, along with a minimum GPA requirement. |
| For a PhD program, a master's degree in economics or a related field may be required. |
| In India, universities have rights to set their own procedure and standards for the Ph.D. programme admissions. |
| But the set of requirements for the application are similar. |
| These should include a research proposal, detailing the proposed outline of your Ph.D. project, and explaining the methodology you plan to employ. |
| This is referred to as the National Eligibility Test (NET) and is administered by the University Grants Commission (UGC) for most subjects, with the exception of Science and Engineering which are covered by the Council of Scientific and Industrial Research (CSIR). |
PhD in Economics Eligibility Criteria
| 1 | To pursue a Ph.D. in Economics course, the candidate should have Masters or M.Phil. degree in Economics from a recognized university. |
| 2 | Also the masters in Biology/Pharmacy and Economics or the relevant stream with an aggregate of 55% marks and also with valid Ph.D. entrance test along with the interview. |
| 3 | For admission to the Ph.D. programme in Economics department, a minimum requirement is Master’s degree in Economics. |
PhD in Economics Duration
- An M Res in Economics typically takes one year to complete, while an MPhil in Economics typically takes two years to complete.
- PhD in Economics typically takes four to six years to complete.
PhD in Economics How to Apply
| Applicants can typically apply online through the university's website, and will be required to submit transcripts, letters of recommendation, a personal statement, and possibly a research proposal or writing sample. |
| Some universities may require applicants to submit standardized test scores, such as the GRE or GMAT. |
| International students may also need to provide proof of English proficiency, such as through the TOEFL or IELTS exams. |
PhD in Economics Application Process
The application form and process may vary by institution, but typically involves submitting an online application, along with supporting documents such as transcripts, letters of recommendation, and a personal statement.
Some universities may also require applicants to submit standardized test scores, such as the GRE or GMAT.
International students may also need to provide proof of English proficiency, such as through the TOEFL or IELTS exams.
PhD in Economics Fee Structure
Application fees may vary by institution, but typically range from notify for domestic applicants and $75 to $150 for international applicants.
PhD in Economics Syllabus
Semester I
| Semester II
|
Semester III
| Semester IV
International Trade and Finance |
Semester V
| Semester VI
|
PhD in Economics Salary and Jobs
- Salaries and job opportunities for graduates of MRes, MPhil, or PhD programs in Economics vary depending on the specific career path pursued.
- Graduates may find employment in academia, research institutions, government agencies, or private sector organizations.
- According to the Bureau of Labor Statistics, economists earned a median annual salary of $105,020 in May 2020, with the top 10% earning more than $193,890.
PhD in Economics Career Opportunities
| Job Position | Job Description |
| 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. |
| 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. |
| Economists | An economist researches and interprets trends related to goods, services, and resources. They provide advice on economics to businesses and individuals. |
| 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. |
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 |
| 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. |
PhD in Economics Top Colleges
The top colleges for MRes, MPhil, or PhD programs in Economics may vary by rankings and personal preferences, but some top institutions include:
- Massachusetts Institute of Technology (MIT)
- Stanford University
- Harvard University
- University of Chicago
- Princeton University
- University of California-Berkeley
- London School of Economics and Political Science
- Oxford University
- Cambridge University
- Yale University
PhD in Economics Admission Procedure
- Application for the entrance exam
- Result declaration
- Entrance pass scholar calling for the interview and document verification
- Provisional registration for pre Ph.D. course work classes
- Coursework classes shall be attended as scheduled by University
- Course work examination
- Result declaration of coursework
- Submission of synopsis ( 2 spiral bound copies with soft copy of synopsis)
- Departmental research committee meeting scheduled by University
- A registration letter shall be issued
- Research work started by scholar
- 6 progress reports shall be submitted
- Soft copy thesis submit
- plagiarism report check by the university
- Final after the plagiarism report soft copy thesis shall be sent to experts for evaluation
- After the consent of experts pre-submission, one set spiral binding shall be submitted
- After the successful presentation of the pre-submission thesis 3 copies of hard bound thesis shall be submitted
- Viva shall be conducted as scheduled by University, Degree Awarded.
PhD in Economics Documents Checklist
- Documents (10th onwards)
- Aadhar Card/Pan Card, Caste Certificate
- Migration Certificate (Original)
- NOC (From Organization/ Institute/ University)
- Affidavit (undertaking)
- Guide Willing
- Assignments
- Synopsis (3 copies), Progress Report
- Library No Dues
- Lab Letter
- Thesis Hard copy (Spiral binding)
- No Dues, Thesis (6 hard copies)
- Affidavit -Submission (on Rs 100 Stamp and Notary Attested)
- C.D Soft copies (Thesis & Synopsis)
- Conference Certificate - 2
- Research Papers -2 (with ISSN No.)
- summary (page limit 20-30) -3 Copies
- Plagiarism Report Below 10%
FAQs About PhD in Economics
Q.1 - What is the procedure for Ph.D.? Admission to the University?
ANSWER: - The Ph.D. and M.Phil. programs of prestigious Universities are conducted and guided strictly as per the provisions and regulations dictated by the UGC (Minimum Standards and Procedure for Award of Ph.D./M.Phil. Degrees) (1st Amendment) Regulations, 2018 and subsequent amendments. The entire procedure for admission to the research programs encompasses a Research Entrance Exam (RET) and then an Interview/Viva Voce. The performance of a candidate in the RET is given 70% weightage, and the remaining 30% weightage is given to his/her performance at the Interview.
Q.2 - What are the modes of pursuing M.Phil. & Ph.D. programs at the University?
ANSWER: -Both the full-time and part-time modes are available at University for pursuing its Ph.D. programs and only the full-time mode is available for M.Phil. program in the desired subjects/fields. These highly-qualitative and prolific research programs are available in a rather broad range of fields/subjects. At University, the minimum time duration of the M.Phil. and Ph.D. programs is 1.5 Years and 3 Years, respectively, in general.
Q.3 - Are the Ph.D. and M.Phil. Degrees granted by any University valid abroad?
ANSWER: -Yes, of course. If the University is properly recognized under section 2(f) of the UGC Act of 1956 and is a prestigious member of the AIU (the Association of Indian Universities). It is an M.Phil. and Ph.D. degrees granted in various fields/subjects are duly valid across India and the world.
Q.4 - What are the main eligibility criteria for participating in the University Research Entrance Exam (RET)?
ANSWER: -The following are the main eligibility conditions for participating in the RET: - A rigorous Master’s Degree in the proposed subject/field obtained from any recognized university/institution located in India or abroad, with a minimum 55% marks in aggregate or an equivalent grade. Candidates belonging to SC/ST/OBC/Differently-abled categories are given a 5% relaxation in respect of this eligibility criterion. Candidates with an M.Phil. degree in the proposed field/subject, or have qualified for the UGC (JRF) Examinations/ NET/ SET/ SELT, etc., will be allowed to appear directly for the interview, without appearing in the RET. Impressive academic records, and any prior experience in research work, will be given additional advantages.
Q.5 - What relaxations are granted to the reserved categories for Ph.D.? Admission to the University?
ANSWER: - Candidates belonging to the categories of SC/ST/OBC (Non-Creamy layer)/Differently-Abled, and so on, are given all relaxations prescribed by the Govt. of India and the UGC. These relaxations are provided in form of 5% reduced marks for them at post-graduation, and also in the minimum qualifying marks at RET. Thus, candidates belonging to these categories only need to score a minimum of 45% marks at RET, to qualify for the final interview.
Q.6 - How will be the pattern of RET?
ANSWER: - The syllabus or pattern of RET consists of subject-specific matters, research methodology, and aptitude (covering logical reasoning, numerical ability, analytical reasoning, statistics, etc.).Thus, RET will contain a total of 70 multiple-choice questions (MCQs).
Q.7 - Are M.Phil. Holders/UGC- NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE exempted from appearing at RET?
ANSWER: - Yes. The holders of M.Phil. degrees in their respective fields/subjects are made exempt from appearing in RET. The same is the situation in cases of aspiring candidates who have qualified exams like UGC-NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE, etc.
Q.8 - How is the application fee paid?
ANSWER: - The Application Fee (i.e. the fee for getting participated in RET) can be paid online or offline, like the Application Form. Payment Modes: DD (in Favor of the University) / NEFT/ Cash Deposit.
Q.9 - Do working candidates require to obtain NOC from employers for pursuing research at any University?
ANSWER: - Yes, necessarily. Working Professionals who are interested in research at any University are required to obtain the NOC (No Objection Certificate) from their respective employers, in order to avert any intrusion ever during the entire doctoral course.
Q.10 - Does an M.Phil. holder require to undergo Ph.D. coursework?
ANSWER: - Yes. M.Phil. holders are again required to undergo the coursework in Ph.D. at some Universities. However, their prior knowledge in the field/subject will be very supportive to them for learning and performing efficiently during the Ph.D. program.
Q.11 - Can I pay the yearly program/course fee in installments?
ANSWER: - Yes, you can pay the yearly course fee as many as in two installments, but well within the yearly session.
Q.12 - Does Any University provide any scholarship or stipend to pursuing scholars?
ANSWER: - Yes, of course. Many Universities offer scholarships as well as stipends to meritorious and talented candidates who undertake research studies at the University. Scholarships are granted to those candidates who come under the top 21 by scoring higher marks in RET and interviews. And, stipends are provided to those scholars who also give lectures to UG or PG students at the University, in addition to doing their Ph.D. coursework. The amount of the monthly stipend will be commensurate with the candidate’s qualifications and capabilities and may go up to Rs. 20,000.
Q.13 - What other many facilities are provided to research scholars at the University Campus?
ANSWER: - All necessary and constructive resources, amenities, and facilities are offered by well-established and prestigious universities to research scholars in various streams/subjects. These facilities include the following - spacious and peaceful study rooms, erudite and well-experienced academicians and research experts, Wi-Fi and diverse IT devices, state-of-the-art laboratories, well-stocked libraries, lavish R&D amenities, separate amenities for lodging and foods for male and female candidates, peaceful and constructive environment within the university campus, and many other comforting and convenient facilities and services.
DOCTOR OF PHILOSOPHY IN ECONOMICS (PHD IN ECONOMICS)
Doctor of Philosophy in Economics (PhD in Economics) is a 3 Years Doctorate Degree Courses program that focuses on Doctor of Philosophy. The course combines theoretical knowledge with practical skills to prepare students for a career in Doctor of Philosophy.
Syllabus & Subjects
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