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Ph.D. Programme in Economics

The Ashoka approach to Economics is fundamentally about bringing together cutting edge economic theory and rigorous data analysis to address questions at the frontiers of research. Our faculty members are engaged in active research in applied microeconomic theory, game theory, decision theory, development economics, labour economics, health economics, public economics, political economy, behavioural economics, experimental economics, economics of discrimination, macroeconomic theory, empirical macroeconomics, monetary economics, and international finance.

Admissions

Applications to the PhD Programme which starts in August 2021 will open on December 1, 2021 and will close on 31 March 2022. Applicants must apply through the online admissions portal. Admissions to the PhD Programme will be based on a written entrance examination as well as an interview. The entrance examination will be held online on 1st May, 2022. Shortlisted candidates will be called for an interview. Applicants with an MSc/MA/MCom/BTech degree with at least 55% or an MPhil/MTech degree with at least 55% are considered eligible

Entrance Examination

The  Ph.D.  economics entrance examination will have two parts. The first part will test applicants on statistics and mathematics. The second part will test applicants on microeconomics, macroeconomics and econometrics at the level of entry to the first year of the Masters Programme in Economics in any standard Economics programme in the country. All questions will be multiple choice. Topics covered will include the following

Microeconomics: Theory of consumer behaviour; theory of production; market structure; general equilibrium and welfare economics; international trade; game theory Рnormal and extensive forms, Nash and sub-game perfect equilibrium.

Macroeconomics: Theories of income determination, neoclassical models of growth, infinite horizon and overlapping generation models, nominal rigidities, theories of unemployment, fiscal and monetary policy.

Econometrics: Random variables, statistical inference, linear regression (including regressions with dummy variable regressors), multicollinearity, autocorrelation, omitted variables, measurement error, instrumental variables.

Indicative textbooks include Advanced Microeconomic Theory by Geoffrey A. Jehle and Philip J. Reny, Advanced Macroeconomics by David Romer, and Introductory Econometrics by James Wooldridge. However, questions will not necessarily be based on these books alone.

COVID-19 UPDATE
In the wake of the Covid-19 situation and the subsequent measure of social distancing the exam this year will be conducted online.

List of Selected Candidates for Monsoon 2020 Session

  1. Jahnvi Balaji
  2. Satyam Rai
  3. Vishrut Malhotra

Funding

All Ph.D. students will receive a monthly stipend of Rs 35,000. Students will also be offered housing on campus if it is available; if it is not, they will be paid a monthly rent allowance of Rs 7,000. Ph.D. students will also be expected to work as Teaching Assistants on specified courses. Information on fees is available on the Ph.D. Programme page.

Ph.D. Students

Study at Ashoka

Study at Ashoka