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M.Phil. (Economics)

Syllabus of M.Phil. Economics is designed as per the latest needs of industry and revised accordingly to keep it updated. The course aims to train students to identify problems in economics and come up with solutions to apply their skills.

Core courses, electives, and practical experience form part of its syllabus. The delivery method of this course offers a balanced approach by incorporating classroom learning along with workshops.

At different institutions, the syllabus may differ. Some subjects stay the same in the syllabus of all institutes. Some of these subjects are briefly described in the table below:

Paper Topics Objective
Research Methodology in Economics Meaning of research in economics: Types of research, Research methodology, methods and techniques, Objectivity and Biases in research, Formulation of a research problem, methodologies by different economists This paper focuses on integrating knowledge of functional areas of research methodology in economics.
Quantitative Techniques Fundamentals of Matrix Operations, Measures of Inequality, Explanation of Variations and prediction, Methods of Data Reduction, Classification and Discrimination, Correlation among variables This paper aims at equipping the students with the basic knowledge revolving around quantitative techniques.
Contemporary Economic Issues Political Economy of Globalization, Economic Development and Environmental Issues, Poverty and Unemployment, Price Policies and Administered Prices, Economics of Research and Development, Fiscal Restructuring and dynamic Federal structure The purpose of this paper is to impart the basic knowledge of contemporary economic issues
Methodology Of Dissertation Writing Basic Concepts, Science, Plagiarism, The format of the research paper, Basic elements of the scientific Method Documentation, Variety of Theses and Dissertation proposals The objective of this paper is to acquaint the students with the methodology of dissertation writing.
Logic And Methodology Of Science Logical Relations between Categorical Propositions, Fallacies, Empiricist Approach, Methodological of Science Evaluation of Scientific Explanation; Elements of Scientific Method The aim of this paper is to teach the logic and methodology of science.
Current Issues In Indian Economy The global economic & financial crisis, Oil prices and global imbalance, Off-shoring services: recent developments & prospects, India's growth pattern and obstacles to higher growth, implications of outsourcing & off-shoring This paper provides an insight into the current issues in the Indian economy

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Answered Questions

AK

Aarushi Kumar

03 Nov 22

PhD or research is all about finding out new concepts. Thus we provide a deeper in already existing knowledge. PhD in Social Science is very much different from that of pure sciences, yet the goal is the same. As you know for doing research/PhD at the university level, the qualification required is PG degree. Every university has different criteria for selecting candidates.

As you know DSE, JNU, ISI, IEW, IIPA, and IIMs are the prime institutions for teaching, learning and researching in economics, management and public administration.

If you are willing to get into one of these institutions, a Master’s from IGNOU will have the same value as that from any other university. To get selected into these prestigious institutions, you will have to pass through a rigorous selection process of

  • Entrance

  • Group discussion 

  • Personal interview 

Moreover you will have to provide testimonials from your professors about your academic developments.

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DS

Debarghya Sanyal

04 Sept 21

Getting admission to MIT, Harvard or Stanford can be possible from ISI Delhi. It has a very good Economics Unit. However, the same cannot be said about ISI Kolkata and also MSQE, for that matter. Do not expect to get into MIT or Harvard or Stanford by studying in ISI Kolkata.

It goes without saying that you will have to have and maintain an excellent academic record to even be considered for admission to the institutes you aspire to study in. And you also must have a good reference with the faculty so that they can write letters of recommendation for you.

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JB

Joyeeta Bakshi

17 Jul 21

One of my cousins who did a Ph.D. said that choosing a college clearly depends upon the area of interest you have in mind for the research.

  • It would be good if you start researching the professors of the colleges. If their field of expertise matches the field you wanted to opt for, then it’s a win-win situation.
  • Well, If we talk about JNU I have been informed by one of my friends who did PhD from JNU that this university focuses on hardcore research. Moreover, it has a good number of professors who have decent experience in research.
  • Whereas, DSE offers a master’s program that helps students to apply for corporate jobs. Thus, this institute is quite quantitative for its PG courses.
  • Delhi School of Economics will teach mathematically to understand the contemporary style of economics. This will help you try for a Ph.D. abroad.
  • JNUs teachings are much simpler and theories with less mathematical writing. If you want to sit for UPSC exams, JNU is really a good option.

Therefore, you need to choose wisely, pursuing Ph.D. would only be good if you receive a good piece of advice from your professors or someone who has appropriate experience.

...Show More

AM

Ayush Mishra

21 Jul 22

IIM Bangalore is the better option for a PhD in Economics. They have an excellent Economics department. The faculty members actively pursue research projects. Many of the faculty members recently published their papers in the Journal of Economic Theory. IIM Bangalore is especially good for applied Economics. The institute has a vibrant research culture and an excellent faculty base. 

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