The relevance of Ph. D. in Economics in a pandemic-struck world remains paramount.

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Blog / August 11, 2022

Economics coursesPh.D. in economicsPh.D. admission


What the pandemic did to the economy of countries globally is no news. The shocks are still felt, and most countries still remain in recovery mode. However, this crisis opened up avenues in the field of education that perhaps remained ‘just an option’ for students all this while. One such field is Economics. There is no business where its relevance is not felt, especially after the COVID-19 crisis. Also, since many jobs have been rendered useless during the pandemic, it has become indispensable to choose a field that will not be obsolete come what may!

Collins English Dictionary defines economics as: “The study of how money, industry, and trade are organized in society.” This clearly states how this field will only gain relevance in the coming times.

Understanding the types of economics courses

In economics, various degrees are provided to the interested students on different academic qualification levels (undergraduate, postgraduate, or doctoral Levels). After completing 10+2, students can opt for the undergraduate economics course, B.A. in Economics. After completing their Bachelor's degree, students can choose a Master's program in Economics. One of the most pursued economics courses after completing both the Bachelor's and Master's degrees is the Ph. D. in Economics.

While Bachelor's and Master’s programs will help you develop the foundations of the course, a Ph. D. in Economics will make your grounding even more robust. Moreover, if you get through, you will land an impactful research job in academia or policy.

Besides making an informed decision, inspiring the success of businesses, and understanding national and international perspectives, students also get trained in transferable skills, such as:

  • Communication
  • Problem-solving
  • Research
  • Numeracy and 
  • Time management

While a Ph. D. in Economics or a Doctor of Philosophy in Economics helps you gain a broad set of tools for understanding how the social world works and evaluating causes and interventions, choosing the right university is of utmost importance.

Department of Economics, School of Humanities and Social Sciences at Shiv Nadar Institution of Eminence (IoE): Right program demands the right institution

Shiv Nadar Institution of Eminence (IoE) needs no introduction as it has recently been conferred the ‘Institution of Eminence’ by the Govt. of India. There are a few universities in India that have this status. Ph. D. admission here is actually a breeze. The steps involved are:

  • Shortlisting potential candidates based on a screening test
  • On-site exam/interview, and 
  • Shortlisted applicants will be judged based on their knowledge of economics at the post-graduate (Master’s) level

Once the candidate is through, they are required to complete one year of compulsory coursework and take elective courses on offer. Selected candidates are also offered very generous assistantships for five years.

The courses that students are expected to finish within the first year are:

Semester I (Monsoon Semester)

  • Microeconomics I
  • Macroeconomics I
  • Mathematical Methods
  • Statistics and 
  • Programming Language (optional)

Semester II (Spring Semester)

  • Microeconomics II
  • Macroeconomics II
  • Computational Economics
  • Econometrics I and 
  • Research Methodology

Subsequently, students will be given the liberty to choose electives of their interest(s), including:

  • Industrial Organization
  • Public Economics
  • International Trade
  • Environmental Economics
  • Growth and Inequality
  • Individual and Collective Choices
  • Contract Theory
  • Health Economics
  • Matching and Fair Division
  • Computational Economics
  • Open Economy Macroeconomics and International
  • Trade
  • Independent Research Project
  • International Finance
  • Time Series Analysis
  • Social Choice Theory
  • Labor Economics
  • Game Theory
  • Behavioral Economics
  • Financial Economics
  • Development Economics
  • Macroeconomics Workshop
  • Political Economy Workshop
  • Politics and Institutions and 
  • Economics of Discrimination

When a student secures a Ph. D. admission at Shiv Nadar IoE, they will receive a doctoral award consisting of a tuition-fee waiver and a monthly stipend of ₹40,000 for the first two years and ₹45,000 for the next three years, subject to benchmarked performance.

One of the outstanding features of doing a Ph. D. program from Shiv Nadar IoE, is that the faculty is world-class and are masters in their fields. Some of them include:

  • Shraman Banerjee (Assistant Professor), Ph. D. (Southern Methodist University), Specialization: Micro Economic Theory; Mechanism Design
  • Trishita Ray Barman (Associate Professor), Ph. D. (Indian Statistical Institute), Specialization: Growth Theory, Public Economics
  • Shampa Bhattacharjee (Assistant Professor), Ph. D. (University of British Columbia), Specialization: Development Economics, Health Economics, Political Economy
  • Partha Chatterjee (Professor & Head of the Department), Ph. D. (University of Minnesota), Specialization: Macroeconomics, International Economics, and 
  • Arka Roy Chaudhuri (Assistant Professor), Ph. D. (University of British Columbia), Specialization: Economics of Education, Development Economics

A Ph. D. in Economics can help solve some of the most unanswered questions facing our modern society, including why a few countries remain rich over others, why the salary slab of men is higher than women, what causes a recession, or why we ignore information that could be used toward better decision-making. Of course, there is no dearth of availability of economics courses in the country today, but there certainly is one when it comes to institutions providing excellent learning to achieve your desired outcome.

To know more about Ph. D. in Economics offered at Shiv IoE, click:

https://economics.snu.edu.in/graduate/doctoral/phd-in-economics

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