The Ph.D. program in economics is a full time program. Areas of research for current faculty members include Development Economics, Economic Dynamics, Environmental Economics, Finance, Game Theory, Macroeconomics, Mechanism Design Theory and Political Economy. PhD students play an important role in creating a vibrant research environment in the department. All graduate students at the department are fully funded by the university.
The eligibility criterion for the Ph.D. program is a Masters degree in any discipline. Selection to the Ph.D. program is based purely on the performance in the admission test and interview. The written test and the interview will test the knowledge and thinking ability of the candidate on the following areas:
Mathematics: Permutations and Combinations. Sets and Relations, Functions, Limits, Continuity, Differential and Integral Calculus. Linear Algebra. Unconstrained and Constrained Optimization.
Probability, Statistics and Econometrics: Probability Theory. Discrete and Continuous Random Variables. Expectation and Variance. Joint, Marginal and Conditional Distributions. Distributions of Functions of Random Variables. Sampling, Estimation, Inference and Hypothesis Testing. Ordinary Least Square Estimation, Instrumental Variable Estimation, Binary Response Models.
Economics: Theory of Consumer and Producer Behaviour; Market Structures: Perfect Competition, Monopoly and Oligopoly, Externalities and Public Goods, Adverse Selection, Screening, Moral Hazard. General Equilibrium. Normal and Extensive Form games, Nash Equilibrium and Sub Game Perfect Equilibrium. National Income Accounting, Rational Expectations, Economic Growth, Business Cycles, Fiscal Policy, Monetary Policy.
A Student with a Masters degree in economics from the Shiv Nadar University can directly move to the Ph.D program if he /she holds a CGPA of 7 at the end of the third semester, has as recommendations from at least two faculty members from the department, passed all courses at the time of admission and cleared the admission test for internal candidates.The eligibility criteria mentioned above are minimum standards and applications not meeting the same will be summarily rejected. Short-listed candidates will be required to demonstrate their knowledge through an on-site written test and a subsequent interview with the department faculty. Selections will be based on past academic performance, written examination and/or interview. Please note that not all candidate meeting the minimum eligibility criteria may be shortlisted.
Ph.D. students are required to take a coursework of two years. The first year coursework includes compulsory courses in Microeconomics, Macroeconomics, Mathematical Economics and Econometrics. Students have to write a comprehensive exam at the end of the first year. Every student will be allowed a maximum of two attempts to clear the comprehensive exam. The second year includes courses in the students chosen area of specialization. Graduate students have to choose their area of specialisation and thesis supervisor by the end of first year. The student chooses his/her second year courses based on the suggestions of the thesis supervisor. Students have the option of writing their comprehensive exams at the beginning of the first year and move directly to second year coursework.