The Department of Economic Sciences has 13 permanent faculty members with research and teaching interests that covers a broad range of fields. Apart from having strength in traditional areas like microeconomics, macroeconomics and econometrics; the department has expertise in agricultural economics, Bayesian econometrics, behavioral economics, development economics, efficiency and productivity analysis, environmental economics, financial economics, health economics, industrial economics, international trade, labor economics, law and economics, optimization theory, political economy and public policy.
The department primarily offers three degrees in economics: 4 year B.S., 1 year M.S. and Ph.D. in Economics. Admission for the 38 seats (per year) in the B.S. program is through the advanced joint entrance examination (JEE). B.S. students who satisfy certain eligibility criterion can opt for a 1 year M.S. program in Economics. There is also a provision for dual degree for undergraduate students of IITK. The entry to the Ph.D. program is through a written test and a viva exam conducted once at the beginning of each academic year.
The department's administrative office is located in Room 622 of the Faculty Building, IITK academic area.
The team comprising Ayush Agarwal, Tanisha Mishra, Kartikey Bhargava and Navneet Singh under the mentorship of Prof. Wasim Ahmad has won the Zonal round (North Zone) of "Reserve Bank of India (RBI) Policy Challenge-2018" held at RBI Office, New Delhi.
Professor Alan Olmstead (UC Davis) is visiting the Department of Economic Sciences during 28th Nov - 10th Dec 2017. He will be giving a series of talks on economic history.
Jaw-Jaw and War-War: A Game-Theoretic Exploration of Violence in Electoral Politics
Speaker: Soumyanetra Munshi, Indian Statistical Institute, Kolkata
Date: April 2nd, 2018; Time: 10:30 – 11:00 am; Venue: FB 620
Models for Improved Electricity Market Design
Speaker: John Birge, Booth School of Business, University of Chicago
Date: March 26th, 2018; Time: 4:00 – 5:00 noon; Venue: FB 620
A Monetary Business Cycle Model for India
Speaker: Chetan Ghate, Indian Statistical Institute, Delhi
Date: March 16th, 2018; Time: 11:00 – 12:00 noon; Venue: FB 620
Financial Frictions and Monetary Policy Transmission in India
Speaker: Sheshadri Banerjee, Madras Institute of Development Studies
Date: March 12th, 2018; Time: 4:00 – 5:00 pm; Venue: FB 620
Forecast Combination for Binary Targets
Speaker: Kajal Lahiri, State University of New York at Albany
Date: January 16th, 2018; Time: 4:00 – 5:00 pm; Venue: L-11, LHC
Ahmad, W. (2018), "The Time-varying Risk Reduction Strategies of Clean Energy Equities with Commodities and Financial Assets," Emerging Markets Finance and Trade, (Accepted).
Singh, K. J. and Ahmad, W., (2018), "Coherence, Connectedness and Dynamic Hedging Effectiveness between Emerging Markets Equities and Commodity Index Funds", Resources Policy (Accepted).
Ahmad, W., Mishra, A., and Daly, K., (2018), "Financial Connectedness of BRICS and Global Sovereign Bond Markets," Emerging Markets Review (Accepted).
Ahmad, W., Sadorsky, P., and Sharma, A. (2018), "Optimal Hedge Ratios for Clean Energy Equities," Economic Modelling (Accepted).
Lohawala, N., and Rahman, M.A., (2018), "Are Strategies for Success Different in Test Cricket and One-day Internationals? Evidence from England-Australia Rivalry," Journal of Sports Analytics (Accepted).