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Ph.D. in
Economics is a three to five-year doctorate course. Eligibility for the course
is a postgraduate course in Economics, candidates should also have Bachelor’s
degree in Economics/Bachelor in Technology in Economics from recognized
University.
Ph.D.
in Economics: What is it About?
Ph.D. in
Economics typically covers macroeconomics and microeconomics. However, this is
a useful degree if you want to get a career in teaching or formally researching
economic subjects. Once the proposal is approved and the oral exam passed, the
final years of enrollment are dedicated towards the research, writing, and
defense of a dissertation.
Many students
are interested in pursuing higher studies in this subject. The major
opportunity which lies in the field of Economics is that it is mainly involved
in the field of Research. A Ph.D. degree should only be taken if a person has
ample interests in research-oriented works. Mostly the PhDs are taken by people
who are involved in the Academics field. This may result in better
understanding of the particular field or subject in a better manner.
This could
involve admissions in prestigious institutions and placements in blue-chip
companies. Many of them have also been engaged in diverse fields ranging from
civil society to policy making through their education, research, field action,
and extension.
Students
would be able to understand a wide range of theoretical debates in economics
and business, analyze economic problems and evaluate the implications for
economic policy and business planning & strategy
after completing Ph.D. in Economics course
A master’s
degree or Ph.D. in Economics is required for most economist jobs. An advanced
degree is sometimes required for advancement to higher level positions.
Ph.D.
in Economics: Eligibility
To pursue a
Ph.D. in Economics course, the candidate should have Masters or M.Phil. degree
in Economics from a recognized university. Also the masters in Biology/Pharmacy
and Economics or the relevant stream with an aggregate of 55% marks and also
with valid Ph.D. entrance test along with the interview. For admission to the
Ph.D. programme in Economics department, a minimum requirement is Master’s
degree in Economics.
If you have
taken admission to M.Phil degree through an entrance examination, you may not
need to give any entrance exam at Ph.D. level. Some Universities also admit
students on basis of National Eligibility Test (NET). Final Admission is
given on the basis of Interview round conducted nearly a month before the
commencement of the semester.
Usually,
Ph.D. course admission is done after Masters or M.Phil degree, but if you
happen to be one of the toppers in UG BE/B.Tech course from a reputed
university, you may be eligible for direct admission to the Ph.D. course. Such
candidates require 75% marks in qualifying examination along with a valid GATE
score.
Ph.D.
in Economics: Admission Process
In India,
universities have rights to set their own procedure and standards for the Ph.D.
programme admissions. But the set of requirements for the application are
similar. These should include a research proposal, detailing the proposed
outline of your Ph.D. project, and explaining the methodology you plan to
employ.
This is
referred to as the National Eligibility Test (NET) and is administered by the
University Grants Commission (UGC) for most subjects, with the exception of
Science and Engineering which are covered by the Council of Scientific and
Industrial Research (CSIR). Entrance Exams are:
*JCECE
2020 (Jharkhand Combined Entrance Competitive Exam)
*UGC NET
*IIM Ph.D.
test
*GRE
*GATE
Although an
undergraduate degree or a master's degree in economics may be helpful for
admission, most programs only require prospective students to have completed a
year or more of college-level economics. Additionally, many programs require
applicants to have completed several semesters of calculus. While not required,
some programs also recommend that students complete courses in statistical
analysis before applying.
In addition,
most programs require applicants to submit scores from the Graduate Record Examination
(GRE) and letters of recommendation. Many economics departments require that
prospective candidates also provide a statement of purpose. The statement
should outline the student's goals and also indicate possible research areas,
like international economics or income distribution.