PH.D IN APPLIED ECONOMICS AND MANAGEMENT Admission Registration, Eligibility, Duration, Fees, Syllabus 2024

Posted by Admin on 17-09-2022 in Shiksha hub

PH.D IN APPLIED ECONOMICS AND MANAGEMENT 

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.

Major subjects studied in Ph.D. in Economics course are  Agricultural Economics, Financial Economics, Labour Economics, Industrial Economics, International Economics, Business Economics, Banking Economics, Environmental Economics, Developmental Economics, Rural Economics and Rural Development and Econometrics etc.

Syllabus

PAPER I) COURSE ON RESEARCH METHODOLOGY PAPER II) ADVANCED TOPICS IN ECONOMICS
Unit-1:
  1. Introduction to philosophy of science and research methodology
  2. Research Design: Need for research design, Features of a good research design, Different research design
  3. Experimental survey: Basic principles of experimental design
  4. Case studies - problems and limitations.
  5. Planning and implementing research projects: planning a research project, problem formulation, research strategy and methods
 Unit 1: Micro and Macro Economics
  1. Consumer Demand Theory: Choice under Certainty and Uncertainty
  2. Theory of Production and Cost
  3. Inflation and Unemployment in the Closed and Open Economy
  4. Macro policy options
Unit-2:
  1. Methods of Data Collection: Direct method and Indirect methods
  2. Data collection through questionnaires and schedules
  3. Problems in data collection
  4. Data processing: Operations and Problems in data processing
  5. Sampling design: meaning and its applications
  6. Measurement and scaling techniques: Measurement Scales and Sources of errors in measurement
 Unit 2: International Trade, International Finance, Corporate Finance
  1. Modern theory of trade and trade Policy,
  2. Intra-Industry Trade, Free Trade versus Protection, Analysis of gains from free trade.
  3. Theories of Balance of Payment and exchange rate determination
  4. Policy Conflicts and Adjustment under Fixed and Flexible Exchange Rates
  5. Modern Investment Theory
  6. Financial Derivatives
Unit-3:
  1. Analysis of Data: Measures of and analysis Central Tendency, Dispersion, Skewness, and Kurtosis
  2. Theoretical Distributions: Normal, Poisson and Binomial
  3. Statistical Estimation and Testing of a hypothesis.
 Unit 3: Development and Growth Theory • Theories of under-development • Classical Growth Models • Endogenous Growth Models • Sustainable Development
Unit-4: • Methods of Analysis: Simple and Multiple Regression • Time series analysis • Problems in econometric estimation Unit 4: Economic Issues and Policy-I • Planning and Economic Reforms • Financing of Infrastructure Development, Education Sector, • PSUs, Privatization and Disinvestment, • Fiscal and Monetary Policy Approaches Tax Reforms, Central Government Finances • Financial Sector Reforms, Money and Capital market. • Foreign Trade Liberalization, Balance of Payments, Exchange Rate • World Trade Organization (WTO) and Indian Competition Policy. • WTO and Effects of Trade (Liberalization and Globalization) on Poverty, Inequality, Environment, Gender, Labour Standards, Technological Transfers etc.
Unit-5: • Documentation - writing the research thesis • Introduction to statistical and econometric software Unit 5: Economic Issues and Policy-II • Poverty, Income Distribution and Justice • Migration and Demographic Transition • Land Reforms in India and their impact on Agrarian Structure • Nature and Problems of Rural Development in India • Indian Industry and Structural Changes • Rural industrialization and strategies • Rural poverty alleviation and employment programmes

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:

  1. JCECE (Jharkhand Combined Entrance Competitive Exam)
  2. UGC NET
  3. IIM Ph.D. test
  4. GRE
  5. 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. FAQs

Ques. What does a PhD degree stand for?

Ans. A PhD degree stands for Doctor of Philosophy, which is regarded as the highest academic course level.

Ques. How many years is a PhD?

Ans. A doctorate or PhD degree generally lasts for 3 years. Candidates pursuing the program are given a maximum time of 5 to 6 years to complete their research. However, the duration of the PhD courses varies institute wise.

Ques. What can you get a PhD degree in?

Ans. There are multiple fields on which you can specialize in a PhD program. Some of the popular doctorate level courses are - 

  • Chemistry
  • Clinical Psychology
  • Education
  • Physics
  • Electronics and Communications Engineering
  • Educational Leadership and Administration, etc,

Ques. Is a PhD after a Masters?

Ans. Yes. Candidates aspiring to pursue a PhD program, need to complete their masters, and then apply for it.

Ques. What is the salary of a PhD?

Ans. PhD is the highest educational qualification one can acquire. A candidate having a PhD degree can earn a minimum of INR 6 to INR 12 lakhs per annum.

Ques. What is the easiest PhD to get?

Ans. Among numerous PhD courses, some of the easiest PhD courses are humanities, social sciences, education, etc.

Ques. Can I skip my Masters and do a PhD?

Ans. Yes. Sometimes it is possible to skip your masters program, and go for the doctorate courses.By finishing your bachelor's degree, you can opt to bypass your PG degree by enrolling in a research program. 

Ques. Is a PhD a Dr?

Ans. Yes. Anyone who completes a PhD degree holds a Doctorate (Dr) degree. 

Ques. Can I complete my PhD in 2 years?

Ans. A definite group of students can complete their PhD in two years. However, nothing can be specified as such. 

Ques. Which PhD has the highest salary?

Ans. Recent study reveals, a PhD degree in Chemical Engineering is noted to be the most recognized. A candidate holding this degree can earn upto INR 8 to 12 lakhs per annum.

Ques. Is it free to get a PhD?

Ans. Pursuing a completely funded PhD program is a good method to get the degree for free. Within the program, the candidate’s tuition and a percentage of their living costs are paid for without using the student loans.

Ques. What qualities characterize a great PhD student?

Ans. An ideal PhD candidate has excellent communication skills, supreme academic ability, brilliant time management expertise and staunch passion towards the subject. 

Ques. Is it OK to start a PhD at age 40?

Ans. Yes. Pursuing a PhD degree doesn’t have any age boundaries. 

Ques. What are the right reasons for anyone to pursue a PhD?

Ans. Pursuing a PhD comes with long-term career goals and helps the aspirant make a significant contribution towards his selected field. 

Conclusion:

Embarking on a Ph.D. in Applied Economics and Management is a strategic investment in bridging the realms of economic theory and practical business applications. This doctoral journey provides a unique opportunity to delve into advanced studies, contribute to cutting-edge research, and carve out a niche in the dynamic intersection of economics and management. As you navigate this academic pursuit, you'll not only gain a deep understanding of economic principles but also develop the skills to apply this knowledge in real-world scenarios.

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