PhD in Economics - Conduct Cutting-edge Research in Economics

 Economics is the heart of everyday life, and it’s also the gateway to a future career. Earning an economics degree gives you a better knowledge of market dynamics, and from there, students can apply their knowledge to different companies they want to work with.

In market exchange rate terms, the Indian economy will cross the thresholds of US$5, 10, 20 and 30 trillion in FY27, FY34, FY43 and FY48, respectively. In PPP terms, we expect that by FY48, India's GDP may reach the US$40 trillion mark.

Thousands of universities in India and overseas offer economics programmes to students at different educational levels. Students can select between undergraduate, postgraduate, and doctorate economics courses depending on their interests and qualifications. However, pursuing a PhD in Economics is one of the best options for students to build careers as economists in academic and non-academic positions.

A doctorate should only be taken if an individual is interested in research-oriented work. Therefore, most doctorate degrees are taken by people involved in the Academics field.

PhD in Economics is a doctorate course that helps you examine the world's financial information with excellent statistical techniques. It is a 3-5 year degree course that involves the study of labour economics, applied microeconomics, energy economics, game theory, economic theory, theoretical and applied econometrics, etc.

PhD In Economics Eligibility Criteria

Every university's eligibility criteria are different from one college to another. So, we have mentioned some common criteria that most universities follow. Have a look!

  • First, students need to complete a bachelor's and master's degree to take admission to a PhD degree.

  • They must gain 45-60% in their previous degree.

  • Some universities consider national and state-level exam scores, and some prefer their college test marks. Some of the exams are - UGC NET, JCECE (Jharkhand Combined Entrance Competitive Exam), GATE, and many more.

  • After completing the test, sometimes colleges consider an interview also.

PhD in Economics Subjects

The PhD in Economics course has various topics and subjects for the graduates to learn and gain all the essential skills which come with this degree. Below are some basic subjects that help students prepare for a successful career. Mentioned below are the subjects covered in this degree:

  • Introduction to Philosophy of Science and Research Methodology
  • Statistical Estimation and Testing of a Hypothesis
  • Poverty, Income Distribution and Justice
  • Consumer Demand Theory
  • Theory of Production and Cost
  • Development and Growth Theory
  • Statistical and Econometric Software
  • Methods of Data Collection
  • Problems in Econometric Estimation
  • Sustainable Development
  • Modern Theory of Trade and Trade Policy
  • WTO or World Trade Organisation and Indian Competition Policy

Skills Required for PhD Economics Scholars

To gain fame in any sector, every student should first have the necessary skills. So, why does everyone mention this thing called “skills”? The reason is that if you are stuck somewhere in the company project, no one will bring you out of that situation; only your skills or knowledge about the course will help you. So, studying the subject is important, but good skills are also essential. Have a look at some of the skills acquired by PhD economics graduates:

  • Studious
  • Dedication
  • Reasoning
  • Confidence
  • Enthusiasm
  • Avid Reader
  • Decision making
  • Determination
  • Strong Mindset
  • Passion
  • Logical
  • Eager
  • Strong-willed

Students with this degree work in the education sector and research and development. This degree is only for those who are interested in becoming teachers in the future. But there are also many other options for students to work, like political scientists, financial consultants, senior economists, and many others. So it totally depends upon your interest in building your future after completing your PhD in Economics degree.

Comments

Post a Comment

Popular posts from this blog

How will BMS help you make a foothold in the management world?

Image
  Are you seeking a career in the management world? What are the career scopes after completing a management degree? Such questions strike students’ minds.   This article provides you with all the detail about the  BMS program .   Bachelor of Management Studies (BMS) is a three-year undergraduate program offered by many universities and colleges across India. It is offered as a full-time as well as a part-time program. The BMS course equips the students with the necessary skills to evolve as competent management professionals.   But what if you want to take an MBA and specialize in a specific subject, like Marketing or Finance. Is it possible?    In this course, students can select many specializations. Candidates should ensure the field they want to enter and choose the specialization accordingly. Some of the domains offered by the Bachelor of Management Studies are mentioned as under-    Accounting and finance  Marketing management  Human reso
Read more

MA in English - Dive into the Exciting World of Literature

  Oscar Wilde said, “Literature always anticipates life. It does not copy it but moulds it to its purpose. The nineteenth century, as we know it, is largely an invention of Balzac.” English is a language that has brought the world together by helping us by reducing the communication gap between people from different countries. But do you know which degree encapsulates the applicant to analyse words and literary forms and dig deeper into the knowledge or skills of important literary periods, authors' works and movements? The answer is a Master of Arts (MA) in English Literature. MA in English Course – An Overview MA in English Literature course is a two-year postgraduate degree program offered by various institutions in India. The program imparts education associated with Linguistics, Literary Theory and Criticism, Semiotics, Movements in Literature, and different British literature genres. Pursuing a master's degree is one of the brilliant ways to take your resume to a higher
Read more

Forge a Lucrative Career in Computer Science Engineering with BTech CSE

Image
  Computer science engineers play a vital role in today's technology-driven world, and their importance extends across all organizations. Their expertise and skills are crucial in developing, implementing, and maintaining computer systems and software applications that drive businesses and operations. With technology's rapid advancement, organizations rely heavily on computer science engineers to innovate and optimize processes, improve efficiency, and enhance cyber security measures. These professionals possess the ability to analyze complex problems, design solutions, and program software that meets specific organizational needs.  Moreover, they contribute to data analysis, artificial intelligence, machine learning, and other emerging fields, enabling organizations to leverage big data and automation for strategic decision-making. The requirement for computer science engineers in organizations arises from their ability to bridge the gap between technology and business objecti
Read more