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Research HighlightsThe Department of Economic Sciences has 14 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.

Latest News

  • One-week Q.I.P. workshop on "Financial Time-Series Modelling in R: FinMODE-2018", 24th-28th September 2018, in collaboration with Indian Econometric Society (TIES), organized by Wasim Ahmad.

  • Prof. Wasim Ahmad has been awarded the "RBI Faculty Scholarship for Members from Academic Institutions: 2018".

  • Q.I.P. course on "Statistical Analysis using R Software," 3rd–7th September 2018, organized by Mohammad Arshad Rahman and Shalabh (Department of Mathematics & Statistics, IITK).

  • The team comprising Ayush Agarwal, Tanisha Mishra, Kartikey Bhargava and Navneet Singh under the mentorship of Prof. Wasim Ahmad has won the national "Reserve Bank of India (RBI) Policy Challenge-2018". The award consists of a trophy, cash prize of 1 lakh and an opportunity to intern with RBI for a period of up to 3 months in a department of their choice.

  • 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.

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Events/Seminar Corner

  • Title:Labour Market Shocks and Evolution of Dowry Payments: Evidence from India
    Speaker:     Dimple Kukreja, Toulouse School of Economics
    Date: January 25th, 2019; Time: 10:00 am – 11:00 am; Venue: FB 620

  • Title:Robust Regression for Microbiome Data Analysis
    Speaker:     Aditya Mishra, Flatiron Institute, Simons Foundation, New York
    Date: January 21st, 2019; Time: 4:00 pm – 5:00 pm; Venue: FB 620

  • Title:Votes and Policies: Evidence from Close Elections in India
    Speaker:     Sourav Sarkar, Massachusetts Institute of Technology
    Date: January 16th, 2019; Time: 11:00 am – 12:00 noon; Venue: FB 620

  • Title:Fair Allocations in an Overlapping Generations Economy
    Speaker:     Ram Sewak Dubey, Montclair State University
    Date: January 10th, 2019; Time: 11:00 am – 12:00 noon; Venue: FB 620

  • Title:Total Factor Productivity Change and its Decomposition using Data Envelopment Analysis
    Speaker:     Arnab Deb, International Management Institute
    Date: January 9th, 2019; Time: 4:00 pm – 5:00 pm; Venue: FB 620

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Recent Publications

  • Lyngdoh, G. A., Rahman, M.A., and Mishra, S.K. (2019), "Bayesian Updating of Structural Model with a Conditionally Heteroscedastic Error Distribution," Journal of Engineering Mechanics-ASCE (Accepted).

  • Singh, J., Ahmad, W., and Mishra, A. (2019), "Coherence, Connectedness and Dynamic Hedging Effectiveness between Emerging Markets Equities and Commodity Index Funds". Resources Policy, In Press.

  • Rahman, M.A. and Karnawat, S. (2019), "Flexible Bayesian Quantile Regression in Ordinal Models," Advances in Econometrics, 40 (forthcoming).

  • Rahman, M.A. and Vossmeyer, A. (2019), "Estimation and Applications of Quantile Regression for Binary Longitudinal Data," Advances in Econometrics, 40 (forthcoming).

  • Singh, M. K., and Mukherjee, D. (2019), "Drivers of Greenhouse Gas Emissions in the United States: Revisiting STIRPAT Model," Environment, Development and Sustainability, forthcoming.

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