Ph.D. Economics or Doctor of Philosophy in Economics is Doctorate Economics course. It is subjective in nature and undertakes the research work in depth. On the completion of doctorate degree scholars should submit their “thesis” and then they deserve the respective degree. Regarding Ph.D. (Economics), it is the social science that analyses the production, distribution, and consumption of goods and services. The minimum duration of the programme is two years from the date of registration (three years for external candidates) and maximum five to six years. The minimum qualifications and other eligibility criteria for admission are the same as for regular full-time students. Ph.D. is a broad-based course involving a minimum course credit requirement and research thesis. Candidates have many job options in economic areas as the course is career originating.

Ph.D. Economics Eligibility

  • A Master’s degree is required to gain admission to a doctoral program. In some subjects, doing a Masters in Philosophy (M.Phil.) is a prerequisite to start Ph.D.
  • In cases, where the admission at the M.Phil. has been conducted through an entrance examination and course work has been prescribed at the M.Phil. level, such M.Phil. candidates when admitted to the Ph.D. programmes shall not be required to undertake entrance examination or course work and it shall be considered to have complied with the UGC (Minimum standards and procedure for award M.Phil./Ph.D. Degree).
  • In other cases, where a candidate has done M.Phil. from one university and moves to another university for Ph.D., the new university may give credit and exempt for the course work done in the previous university. However, such a candidate will have to appear in the entrance test as applicable to a fresh candidate directly joining Ph.D. This procedure will apply in case of those candidates who have also obtained Ph.D. degree from abroad.
  • For some prestigious Universities, a candidate is required to qualify the all India level examination such as ‘National Eligibility Test’ (NET) for Lectureship conducted by University Grants Commission. Candidates appearing in the final year of qualifying degree examination are eligible to apply. However, they must submit attested copies of qualifying degree certificates/final transcripts.
  • Admission is offered based on an interview held usually a month before the commencement of the semester for which admission is sought. The interview may be supplemented by a written test, if necessary.
  • Normally all candidates in Ph.D. program are required to be resident on campus. Candidates sponsored from reputed research organizations, who are conducting their Ph.D. work co-advised by a reputed guide at their organization, may be eligible to complete their Ph.D. off campus. Only for such sponsored candidates, the minimum residency requirement is 1 semester, during which they will need to complete the course requirements. However, frequent visit to the Institution where admission has been taken is still normally required.
  • An M.C.A. degree is considered equivalent to the B.Tech./B.E. degree and is not normally sufficient for admission. In certain exceptional cases, where the candidate is one of the toppers in an undergraduate B.E./B.Tech. programme from a reputed university, he/she may be eligible for direct admission into Ph.D. after B.E. Such candidates must have secured 75% in their qualifying examination, and must also have a valid GATE score.

Ph.D. Economics Course Suitability

  • If one who needs a Ph.D. for promotion in academics career, hike in salary, or stable job in academics then they can join this course. Such candidates should take admission in State run Universities and part time Ph.D.'s courses.
  • They should be able to assess performance of their own, other individuals, or organizations to make improvements or take corrective action.
  • Applicants should also be able to understand the implications of new information for both current and future problem-solving and decision-making.
  • Applicants also have time management such as completing specific tasks within designated time frames.

How is Ph.D. Economics Course Beneficial?

  • This degree course enables the students to go for various Economics and banking related jobs.
  • Doctorate Degree enables one to keep pace with the expanding frontiers of knowledge and provides research training relevant to the present social and economic objectives of the country.
  • It learns to write a good research report and acquires the skill of presenting data in graphical form.


A Master’s degree is required to gain admission to a doctoral program. In some subjects, doing a Masters in Philosophy (M.Phil.) is a prerequisite to start Ph.D.
  • Ph.D. Economics Syllabus

    Syllabus of Economics as prescribed by various Universities and Colleges.

    Ph.D. Course Contents

    Sr. No.

    Subjects of Study


    Micro and Macro Economics-Importance, uses and difference


    Theory of Demand-Cardinal and Ordinal measurement theory, Revealed preference, Hicks Logical Ordering theory, Elasticity.


    Theory of Production and Cost-Law of variable proportion, Production function with two variables, Returns to scale, Cost of production and cost.


    The Theory of Distribution- Marginal productivity, Land, Interest, Profit and wages theories.


    Market Theory- All types of markets, firm and industry behaviour in different markets, Price discrimination.


    Theory of Income and Employment- Classical and Keynesian theory.


    National Income- Concepts and methods


    Consumption and Investment Theory – Keynes theory, MEC, Propensity to save and invest Life cycle theory of consumption, permanent theory of consumption.


    Money and Banking- Functions of money. Commercial bank, and RBI, Monetary policy.


    Theory of intervention- Tariff and Import quota, Free trade and protection.

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