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Doctor of Philosophy in Economics Course Details

PhD in economics is a 3 to 5-year doctoral program. The prerequisite for this course is a postgraduate degree in economics. Candidates must also have a Bachelor of Economics/Bachelor of Technology in Economics from an accredited university.

A Doctor of Economics (Ph.D. in Economics) is an advanced academic degree that prepares students for careers in research, academia, and policy-making. This degree typically requires four to six years of study beyond a bachelor's or master's degree in economics, and it involves extensive coursework in economic theory, econometrics, and other specialized topics within the field.

Doctoral students in economics typically engage in independent research, which may involve gathering and analyzing data, developing economic models and theories, or applying existing economic theories to real-world problems. They may also be involved in teaching undergraduate or graduate courses in economics.

After earning a Ph.D. in Economics, graduates may pursue academic careers as professors or researchers at universities and research institutions. They may also work in government agencies, international organizations, or private-sector companies in roles that require advanced economic analysis and expertise. Some common career paths for economists include economic consulting, public policy analysis, financial analysis, and market research.

PhD in Economics Highlights

Doctor of Philosophy in Economics Highlights

Here are some of the highlights of a Doctor of Economics program:

Rigorous coursework: Ph.D. in Economics programs typically involve rigorous coursework in economic theory, econometrics, mathematical economics, and other specialized topics within the field. This coursework is designed to prepare students for the independent research they will conduct as part of their doctoral program.

Research opportunities: Doctoral students in economics have ample opportunities to engage in independent research, often with the guidance of experienced faculty members. This research may involve gathering and analyzing data, developing economic models and theories, or applying existing economic theories to real-world problems.

Teaching experience: Many Ph.D. in Economics programs offer opportunities for students to gain teaching experience by serving as teaching assistants or instructors for undergraduate or graduate courses in economics.

Access to resources: Doctoral students in economics typically have access to a wide range of resources, including data sets, research libraries, and specialized software programs for economic analysis.

Career opportunities: Graduates of Ph.D. in Economics programs have a wide range of career opportunities available to them, including academic positions at universities and research institutions, as well as roles in government agencies, international organizations, and private-sector companies.

Collaboration and networking: Doctoral students in economics have the opportunity to collaborate with other students and faculty members, as well as attend conferences and workshops to present their research and network with professionals in the field.

Doctor of Philosophy in Economics Entrance Exam and Admission:

The entrance exam requirements for a Doctor of Economics program vary depending on the institution. Some universities require applicants to take the Graduate Record Examination (GRE), while others may require the Graduate Management Admission Test (GMAT) or the Test of English as a Foreign Language (TOEFL) for international students.

GATE

UGC NET

CSIR NET

JEST

Doctor of Philosophy in Economics Eligibility Criteria

To be eligible for a Doctor of Economics program, applicants must typically hold a bachelor's or master's degree in economics or a related field, such as business, finance, or mathematics. They may also be required to have a minimum GPA and submit transcripts, letters of recommendation, and a statement of purpose outlining their research interests.

Doctor of Philosophy in Economics Course Duration:

The duration of a Doctor of Economics program typically ranges from four to six years, depending on the institution and the student's progress. This includes coursework, research, and the completion of a dissertation.

Doctor of Economics Selection Criteria:

The selection criteria for a Doctor of Economics program often include academic achievement, research experience, letters of recommendation, and the applicant's statement of purpose. Some institutions may also require an interview as part of the selection process.

Doctor of Economics How to Apply:

To apply for a Doctor of Economics program, applicants should research the requirements of the specific institution they are interested in attending. They will typically need to submit an online application, transcripts, letters of recommendation, a statement of purpose, and any required test scores. Some institutions may also require an application fee.

It's important to note that admission to a Doctor of Economics program is highly competitive, and meeting the minimum eligibility requirements does not guarantee acceptance. Applicants should aim to highlight their academic achievements, research experience, and unique perspectives in their application materials.

Doctor of Economics Application Form and Process:

The application form and process for a Doctor of Economics program varies by institution. Most universities offer online application forms that can be completed and submitted electronically. Applicants will typically need to submit their academic transcripts, letters of recommendation, a statement of purpose, and any required test scores. Some universities may also require an application fee.

Doctor of Philosophy in Economics Fee:

The application fee for a Doctor of Economics program varies by institution. On average, the application fee ranges from $50 to $100 USD. Some institutions may offer fee waivers or reductions for students with financial need.

Doctor of Philosophy in Economics Syllabus:

The syllabus for a Doctor of Economics program varies by institution, but typically includes courses in microeconomics, macroeconomics, econometrics, and specialized topics within the field. Students may also be required to take courses in related fields, such as mathematics, statistics, or finance. The coursework is designed to provide students with a strong foundation in economic theory and methods, as well as the skills and knowledge needed to conduct independent research.

First Semester:

• Microeconomic Theory I: Advanced study of consumer theory, producer theory, and market equilibrium.
• Macroeconomic Theory I: Focus on aggregate economic variables, models of economic growth, and business cycles.
• Quantitative Methods I: Introduction to mathematical and statistical tools used in economic analysis.
• Research Methodology: Techniques for conducting economic research, literature review, and research proposal development.
• Seminar I: Discussion of contemporary economic issues and research papers.

Second Semester:

• Microeconomic Theory II: Advanced topics in microeconomics, including game theory, information economics, and welfare economics.
• Macroeconomic Theory II: Advanced macroeconomic models, monetary theory, and international economics.
• Econometrics I: Application of statistical methods to economic data, regression analysis, and hypothesis testing.
• Elective Course I: Specialized topic in economics (e.g., development economics, environmental economics, labor economics).
• Seminar II: Presentations and discussions on ongoing research in economics.

Third Semester:

• Advanced Topics in Economics: Specialized courses or seminars in specific areas of economics.
• Econometrics II: Advanced econometric techniques, time series analysis, and panel data methods.
• Elective Course II: Further exploration of a specific area of economics or related field.
• Research Proposal: Development of a detailed research proposal for the doctoral dissertation.
• Seminar III: Continued discussion and presentation of research progress.

Fourth Semester:

• Dissertation Research I: Initiation of doctoral dissertation research, data collection, and initial analysis.
• Elective Course III: Optional course related to the dissertation topic or additional methodological training.
• Seminar IV: Presentation of dissertation proposal and feedback from faculty and peers.

Fifth Semester and Beyond:

• Dissertation Research II-IV: Continuation and completion of doctoral dissertation under the guidance of a faculty advisor.
• Dissertation Defense: Oral defense of the dissertation before a committee of faculty members.

Doctor of Philosophy in Economics Salary and Jobs:

Graduates of a Doctor of Economics program have a wide range of career opportunities available to them. Some common career paths for economists include academic positions as professors or researchers, as well as roles in government agencies, international organizations, and private-sector companies. According to the Bureau of Labor Statistics, the median annual wage for economists was $108,350 in May 2021.

Doctor of Philosophy in Economics Career Opportunities:

Graduates of a Doctor of Economics program can pursue a variety of career opportunities, including:

• Academic positions as professors or researchers at universities and research institutions.
• Roles in government agencies, such as the Federal Reserve, the U.S. Department of the Treasury, or the Congressional Budget Office.
• Jobs in international organizations, such as the International Monetary Fund or the World Bank.
• Private-sector roles in financial analysis, economic consulting, or market research.

Doctor of Philosophy in Economics Top Colleges:

Some of the top colleges for a Doctor of Economics program include:

• Massachusetts Institute of Technology (MIT)
• Harvard University
• Stanford University
• University of Chicago
• Princeton University
• University of California, Berkeley
• Yale University
• Columbia University
• Northwestern University
• New York University (NYU)

Doctor of Philosophy 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.

Documents Checklist For Doctor of Philosophy in Economics

• 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 Doctor of Philosophy in Economics Program 

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.