Ph.D. in Economics - Reach the Pinnacle of Economic Scholarly

Blog / August 12, 2024

For those deeply curious about the intricate mechanics of markets, human behavior, and educational institutions, a Doctorate in Economics offers an outstanding pathway to becoming a distinguished scholar in this fast-evolving field. This degree equips students with the essential tools and in-depth knowledge needed to not only understand economic phenomena but also to analyze, critique, and contribute to the ever-changing landscape of economic theory. So, if you are someone willing to dive deep into Economics theories and applications, pursuing a Ph.D. in Economics would be perfect for you.

Source: https://saairatechnologies.com/

What Does the Statistic Say? Will the Future be Lucrative?

Firstly, if one considers the case of the employment rate for Ph.D. economists, then the fact that the unemployment rate, subsequent to completing a Ph.D. in Economics, is close to zero does imply that the degree is in very high demand. The rate of employment for economists is likely to rise by 6% during the period 2021-2031, which will be the highest among Ph.D. degrees.

Guide to Gaining an Admission to Ph.D. in Economics in 2024

For admission to Ph.D. in Economics in 2024, candidates must fulfill the desired requirements set by the offering institution. Below are some common Ph.D. in Economics requirements:

• No age limit for those interested in pursuing a Ph.D. in Economics.
• Aspirants must have completed a postgraduate degree in any discipline to be eligible for admission.

Applicants to the Economics Ph.D. program are required to take an entrance examination conducted by the chosen university or institution. In addition, they must ace an entrance exam at the college or national level to apply for the course.

What Does the Ph.D. in Economics Entail?

A Ph.D. in Economics is an academic journey that requires diligence and it typically takes three to five years. It goes deep into the very core of economic theory—micro- and macroeconomics. Microeconomics deals with individual decision-making and analysis of market structures and firm behavior, whereas Macroeconomics looks at the wider picture by analyzing trends in economic growth, inflation, and government policies.

The backbone of it, though in three broad-based subjects, goes further into an in-depth exploration of specialized fields. Based on your interests and what it offers, areas that you might specialize might include Development Economics, Economic Growth, Environmental Economics, Game Theory and Information Economics, Industrial Organization, Labor Economics, etc.

Become a Thought leader in Finance and Development with a Ph.D. in Economics at Shiv Nadar University (Institution of Eminence)

The School of Humanities and Social Sciences at Shiv Nadar University offers a world-class Ph.D. in Economics program. Despite being only a decade old, the Department of Economics has already established itself as a leading center for economics education and research.

A little about the Ph.D. in Economics Program at Shiv Nadar University:

• All admitted full-time Ph.D. students will be provided a doctoral award comprising teaching and research assistantships

• This award encompasses a tuition fee waiver (as per the Department's guidelines) and a monthly stipend

• For the initial two years, the stipend is set at ₹40,000, and for the subsequent three years, it increases to ₹45,000, contingent upon meeting performance benchmarks

• Award continuation depends on consistent satisfactory progress and adherence to University regulations

• Deserving Ph.D. students will receive support to present and publish their research findings through conferences and publications

Kindly note that the students in receipt of the CSIR, UGC, INSPIRE, and ICMR fellowship will be entitled to a 100% tuition fee waiver.

Is a Ph.D. in Economics Right for You?

This program suits those with a strong analytical mind, a passion toward theory in economics, and a thirst for research. You need to have excellent written and oral communications, a very strong analytical mind, as well as an interest in studying independently.

Doing a Ph.D. takes work, as the path to a Ph.D. is time-consuming, requires good work habits, and teaches how to manage deadlines effectively. If you are willing to push the frontiers of knowledge in Economics and gain a better understanding of how the world works, then enrol in a Ph.D. in Economics at Shiv Nadar University to reap lucrative benefits.