PhD in Economics: Unlocking Expertise in Economic Research

This is the most advanced academic qualification in economics and is designed for those interested in research, policy-making and advanced economic theories. It takes students through in-depth microeconomics, macroeconomics, econometrics, and specialised fields such as financial economics, development studies, and international trade.

Pursuing a PhD in Economics equips students with the analytical skills and research expertise to address complex economic challenges, influence global policies, and contribute to academic and professional domains. Graduates of this programme often pursue careers as university professors, economic researchers, policy analysts, and consultants for governments, financial institutions and international organisations.

Strong in independent research, data analysis, and theoretical application, a PhD in Economics allows the student to lead influential roles in academia, think tanks, and corporate sectors. So, let's decipher this topic and understand the eligibility and scope of PhD in Economics.

What is a PhD in Economics?

PhD in economics generally provides courses in macroeconomics and microeconomics. Nonetheless, this is a useful degree if you want to get a teaching career or formally research economic subjects. Once the proposal is approved and the oral exam is passed, the final years of enrollment are dedicated towards a dissertation's research, writing, and defence.

Many students are interested in pursuing higher studies in this subject. The major opportunity that lies in the field of economics is that it is mainly involved in the field of research. A PhD degree should only be taken if a person has ample interest in research-oriented work. Mostly, PhDs are obtained from people involved in the academic field. This may result in a better understanding of the particular field or subject.

Upon completing the PhD in Economics course, students would be able to understand a wide range of theoretical debates in economics and business, analyse economic problems, and evaluate the implications for economic policy and business planning & strategy

The PhD in Economics eligibility includes candidates having a master's degree or equivalent professional degree from an accredited university or institution, securing at least a 55% mark or an equivalent grade.

Besides, students who have cleared an M. Phil. degree with at least 55% marks and have completed coursework successfully shall be eligible

Why Pursue PhD in Economics?

Economics is one of the most sought-after courses. There are several reasons why candidates should choose to pursue a PhD Economics course. Some of these have been listed below:

A PhD in economics opens up many business, corporate, and government job opportunities.

The study of economics is relevant in the real world. A PhD in Economics helps students manage and learn to handle their pocket money.

All MNCs and large companies select candidates with a comprehensive knowledge of Economics to understand the market and improve the company's progress smoothly.

The companies provide handsome remuneration and other rewards in return for their service.

Therefore, candidates with a PhD in economics can serve the nation through service as policy-makers, financial analysts, economic advisors, etc., for the government.

Economics skills are applicable across industries and jobs. Public and private banks and other commercial companies hire PhD Economics graduates. The degree adds to one's employability and is a portal to an academic career.

Scope of PhD in Economics

The scope after PhD in Economics is vast, with a wide range of career opportunities in academia, research, policy-making, and the corporate sector. Here's a look at the various avenues:

• Academic & Research Careers
• Government & Policy Roles
• Corporate Sector & Finance
• International Organisations & NGOs
• Entrepreneurship & Consultancy

Conclusion

A PhD in Economics is one of the most prominent degrees that opens up a variety of professional options in academia, research, policymaking, and business. Graduates concentrating on economic theories, data analysis, and policy evaluation can substantially contribute to resolving practical economic issues and improve international financial regulations. A PhD in Economics will give one the analytical and strategic abilities to succeed in any field, including company research, government organizations, and international organisations. This degree can lead to a rewarding and significant job, as there is a growing need for qualified economists.