A PhD in economics focuses on the study of how societies allocate resources to meet their needs and wants. It is an interdisciplinary field that draws on mathematical modeling, statistics, and social sciences to understand how individuals, businesses, and governments make decisions about production, consumption, and distribution of goods and services.
Some of the main areas of study within economics include macroeconomics, microeconomics, international economics, financial economics, development economics, and behavioral economics. Macroeconomics deals with the analysis of the economy as a whole, while microeconomics focuses on individual decision-making behavior. International economics studies the interactions between countries and their economies, while financial economics studies the behavior of financial markets and institutions. Development economics studies how economies can grow and improve over time, while behavioral economics explores how psychological factors influence economic decision-making.
Economists can work in a variety of settings, including academia, government agencies, nonprofit organizations, and the private sector. They may conduct research, teach at universities, advise policymakers, or work in financial institutions and corporations.
Stream | Doctor of Philosophy |
Course | PhD In Field Economy |
Full Name | Doctor of Philosophy in Field Economy |
Eligibility Criteria | Master in relevant Subject with 55 % marks |
Duration | 3 Years |
Fees | Notified Soon |
Type | Degree |
Mode | Year |
Admission requirements for a PhD in economics typically include a bachelor's or master's degree in economics or a related field, such as mathematics or statistics. |
Applicants should have a strong academic record, with a minimum GPA of 3.0 or higher, and relevant coursework in economics, mathematics, and statistics. |
Additionally, applicants may be required to submit letters of recommendation, a statement of purpose, and a writing sample. |
Eligibility requirements for a PhD in economics may vary depending on the university or program.
Generally, applicants must hold a bachelor's or master's degree in economics or a related field, and meet the minimum academic requirements set by the program.
The duration of a PhD in economics varies depending on the university or program but typically takes between 4-6 years to complete. |
This includes coursework, research, and writing a dissertation. |
Selection criteria for a PhD in economics typically include academic achievements, research experience, letters of recommendation, a statement of purpose, and a writing sample.
Some programs may also consider additional factors such as relevant work experience, language proficiency, and other skills or accomplishments.
The application form and process for a PhD in economics may vary depending on the university or program. Generally, applications are submitted online and require the applicant to provide personal information, academic transcripts, letters of recommendation, statement of purpose, and other supporting documents. Applicants should pay close attention to application deadlines and any specific requirements set by the program. |
The application fee for a PhD in economics varies depending on the university or program.
It typically ranges from Notified Soon although some programs may charge more.
Graduates of a PhD in economics can pursue various career paths, including academia, government, research institutions, international organizations, and the private sector. Economists are in high demand in fields such as finance, consulting, and policy-making. According to the U.S. Bureau of Labor Statistics, the median annual wage for economists was $105,020 as of May 2021. However, salaries can vary widely depending on the type of job, industry, and location.
Career opportunities for graduates of a PhD in economics include:
University professor or researcher Government economist Financial analyst or advisor Economic consultant Policy analyst or researcher International economist Nonprofit organization economist Market research analyst |
Some of the top colleges in India for a PhD in economics include: