About Us
The Department of Economic Sciences has 20 permanent faculty members with research and teaching interests that cover 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, family economics, and public policy.
The department primarily offers three degrees in economics: 4 years B.S., 1 year M.S., and Ph.D. in Economics. Admission for the 52 seats (per year) in the B.S. program is through the advanced joint entrance examination (JEE). B.S. students who satisfy certain eligibility criteria can opt for a 1 year M.S. program in Economics. There is also a provision for the 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 has also recently obtained approval for the launch of a 2-year M.Sc. in Economics program and three e-Masters programs, details of which will be updated soon.
Programs Offered
BS/MS Program
BS/MS program in Economics
M.Sc. Program
M.Sc. program in Economics
Ph.D. Program
Ph.D. in Economics
e-Masters
e-Masters programs for freshers and professionals.
News and Events
- Online application portal for our new 2-year M.Sc. program (2023-24 batch) is now active and will remain open till April 11.
- Former Defence Secretary Dr. Ajay Kumar joins as Distinguished Visiting Professor.
- Conference on "Public Policy - An Indian Perspective" was held on 2nd March.
- Special Faculty Recruitment Drive for Women.
- 2023 Research Scholars' Day was held on 8th and 9th February.
- PhD student Soubhagya Sahoo joins the Center for Research on the Economics of Climate, Food, Energy and Environment, ISI Delhi as a Visiting Assistant Professor.
- Congratulations to 2015 batch alumnus Arjun Gupta for topping the Indian Economic Service exam 2022.
- Special Recruitment Drive for Reserved Categories.
- New e-Masters programs.
- Research Scholars' Day: Call for Papers.
- Prof. Wasim Ahmad has received the 2022 Excellence in Teaching Award.
- New M.Sc. in Economics program.
- Rolling Advertisement for Faculty Positions.
- Results- Candidates Selected for PhD at Economic Sciences-2022-23-I.
- Special Faculty Recruitment Drive for SC, ST, OBC, EWS and PwD Categories.
- Dr Sukumar Vellakkal has been awarded a research grant titled "Food Insecurity, Intra-household Dynamics, and Life-course Outcomes", funded by UK Research and Innovation (UKRI) through the lead collaborator Lancaster University UK. The grant Period is 2021- 2025.
- Advertisement details and the call at the IITK-LTU Research Academy.
- Placement of Recent PhD Students.
- Dr. Wasim Ahmad has been selected for the ICSSR-ESRC-UKRI Call for Collaborative Research on the "Future of UK-Indian trade and cross-border investment in a changing global environment".
Title: TBA
Speaker: Punarjit Roychowdhury
Affiliation Shiv Nadar Uni.
Date: April 17th, 5:30 pm; Venue: Virtual
Title: Cooking up empowerment: Does empowerment influence choice of
household cooking fuel?
Speaker: Zakir Husain
Affiliation Presidency Uni.
Date: April 13th, 12 noon; Venue: FB620
Title: Conflict with Third-Party Intervention and Revenge: A Game-Theoretic Exploration
Speaker: Soumyanetra Munshi
Affiliation ISICAL
Date: April 6th, 3pm; Venue: L-12
Title: Feedback Effects and Systematic Risk Exposures
Speaker: Snehal Banerjee
Affiliation Rady School of Management, University of California, San Diego
Date: February 24th, 9am; Venue: Virtual
Title: Duality Between Multi-Output Production Correspondences and Cost Functions
Speaker: Juan Enrique Martinez-Legaz
Affiliation Universitat Autònoma de Barcelona
Date: February 6th, 4pm; Venue: TBD
Title: Monetary Incentives and Journal Publications: Evidence from a
Natural Experiment (Joint work with Debashish Bhattacherjee, IIM
Calcutta)
Speaker: Prof. Tanika Chakraborty, IIM Calcutta
Date: Monday November 14th, 2022; From 3:30 pm
Venue: L-13 and Virtual
Title: Household preferences for home food consumption under food and cash
constraints, and market imperfections: an inverse-U relationship with income
Speaker: Dr. Lucie Maruejols, University of Gottingen
Date: Monday October 31st, 2022; From 3:30 pm
Venue: L-13 and virtual
Title: Granular Origin of Comovement in Fluctuations
Speaker: Prof. Anindya S. Chakrabarty, Indian Institute of Management Ahmedabad.
Date: Monday October 17th, 2022; From 3:30 pm
Venue: L-13 and Virtual
Title: Demand Side Story: Structural Change and the Decline in Female Labour Force Participation in India
Speaker: Prof. Ashwini Deshpande, Ashoka University.
Date: Thursday October 13th, 2022; From 3:30 pm
Venue: L-13 and Virtual
Title: Does facetime with the boss matter? Soft information communication and organizational performance
Speaker: Dr. Kaushalendra Kishore, CAFRAL
Date: Monday October 10th, 2022; From 3:30 pm
Venue: L-13 and Virtual
Title: A JOURNEY IN SEARCH OF THE UNKNOWN "TRUE" MODEL: Data-Based
Nonparametric Econometrics and Empirical Economics
Speaker: Prof. Aman Ullah, Univ. of California - Riverside
Date: Monday September 26th, 2022; From 7:30 pm
Venue: Virtual
Title: Stable dissolution of a partnership
Speaker: Prof. Debasis Misra, ISI Delhi
Date: Friday September 16th, 2022; From 3:30 pm
Venue: FB-620
Title: Convergence Across Castes
Speaker: Prof. Amartya Lahiri, University of British Columbia.
Date: Wednesday September 14th, 2022; From 5:30 pm
Venue: FB-620
Title: Does the choice of words in the Fed’s Board of Governors’ speeches matter?
Speaker: Prof. Abhinav Anand, IIM Bangalore
Date: Monday September 12th, 2022; From 3:30 pm
Venue: L-13 and Virtual
Title: Culture and Market : A Macroeconomic Tale of Two Institutions
Speaker: Prof. Mausumi Das, Delhi School of Economics
Date: Monday September 5th, 2022; From 3:30 pm
Venue: L-13 and Virtual
Title: Growth Miracles and Consumer Bankruptcy Policy
Speaker: Prof. Urvi Neelakantan
Date: Monday August 29th, 2022; From 6 pm
Venue: Virtual
Title: Automation, Displacement and Democracy
Speaker: Prof. Jaideep Roy, University of Bath
Date: August 08, Monday, 2022; From 3:30 pm
Venue: L-13 and Virtual
Title: Threshold Regression Model with Panel Data - Some Issues
Speaker: Prof. Panchanan Das, University of Calcutta
Date: August 02, Tuesday, 2022; From 3:30 pm
Venue: Room 620, Faculty Building
Title: Rank-preserving Multidimensional Mechanisms
Speaker: Prof. Sushil Bikhchandani, UCLA Anderson School of Management
Date: August 01, Monday, 2022; From 10 am
Virtual Meeting
Title: Characterization results in sequencing with welfare lower bounds: an incentive and an egalitarian approach
Speaker: Dr. Sreoshi Banerjee
Date: July 29, Friday, 2022; From 3:30 pm
Venue: Room 620, Faculty Building
Title: Sectoral Productivity Impacts of Trade Liberalization, Huuman capital formation and industrial policy with macroeconomic dynamics: An expost partial and ex ante general equilibrium analysis
Speaker: Prof. S.K. Mathur, session at the ISID (Institute for Studies in Industrial Development, Delhi) Capacity Building Programme
Date: February 25th, 2022
Title: Impact of Public Procurement on Private Sector: Evidence from Indian Pharmaceutical Industry
Speaker: Prof. Samarth Gupta, National Council of Applied Economic Research (NCAER)
Date: February 8th, 2022; from 6:00 PM to 7:00 PM Venue: Virtual meeting
Title: Why Does Consumption Fluctuate in Old Age and How Should the Government Insure It?
Speaker: Prof. Jeanne Commault , Sciences Po
Date: October 6th, 2021; Venue: Virtual meeting
Title: Till Dowry Do Us Part: Bargaining and Violence in Indian Families
Speaker: Prof. Rossella Calvi, Rice University
Date: September 21st, 2021; Venue: Virtual Meeting
Title: Can Pesion Reforms Solve the “Missing Women” Problem?
Speaker: Prof. Avraham Ebenstein, Hebrew University of Jerusalem
Date: September 6th, 2021; Venue: Virtual Meeting
Title: Why do people stay poor?
Speaker: Prof. Maitreesh Ghatak, London School of Economics
Date: February 19th, 2021; Venue: Virtual Meeting
- Archana Srivastava, Somesh K Mathur and Prabir De (2023),"An Ex Ante Evaluation of Indo-Pacifi c Economic Framework A General Equilibrium Analysis", Economic & Political Weekly EPW JANUARY 28, 2023 vol LVIII no 4
- Archana Srivastava, Somesh K Mathur and Prabir De(2023),"Ex-Ante Evaluation of India's Trade Alliance with Indo-Pacific Region: A General Equilibrium Analysis", Foreign Trade Review, Sage Publication, January 2023
- Vellakkal S, Khan Z, Alavani H, J Fledderjohann, Stuckler D: Effects of public policies in preventing cardiovascular diseases, Public Health (Elsevier). Volume 207, June 2022, Pages 73-81.
- Archana Srivastava, Somesh K Mathur and Rachna Mathur (2022) "India's Possible Alignment with RCEP & CPTPP", APAC Report, December 2022 Turkish Center for Asia Pacific Studies (APAC)
- Revisiting the nexus between fiscal decentralization and government size - The role of ethnic fragmentation. Atrayee Choudury and Sohini Sahu, European Journal of Political Economy, Volume 75, December 2022, 102193.
- Cross-country variations in economic complexity: The role of individualism. Garima Maurya and Sohini Sahu, Economic Modelling, Volume 115, October 2022, 105961.
- Fiscal decentralization, regional disparity, and the role of corruption. Nupur Nirola, Sohini Sahu and Atrayee Choudhury, The Annals of Regional Science, Volume 68, 2022
- Archana Srivastava and Somesh K Mathur(2022), "India's Possible Alignment with the RCEP: A General Equilibrium Analysis of Impacts on Carbon Emissions", forthcoming as book chapter in the book entitled" Thirty Years of ASEAN", AIC, RIS, Ministry of External Affairs, Delhi and Cambodia
- Archana Srivastava ,Somesh K Mathur and Prabir De(2022),"Ex-Ante Evaluation of India's Trade Alliance with Indo–Pacific Region: A General Equilibrium Analysis", Forthcoming in the Foreign Trade Review, Sage Publication
- Archana Srivastava, Rachna Mathur and Somesh K Mathur(2022),"Evaluation of ASEAN–India Free Trade Regime: A General Equilibrium Approach", Journal of Asian Economic Integration, Volume 4, Number 2, Sage Publication, Thailand, New Delhi
- Chopra, A., Devereux. M., Lahiri. A, (2022), "Pandemics through the lens of occupations", Canadian Journal of Economics
- Vikram A., "A top-only mechanism with reserve price for single-good allocation problem." Economics Letters (2022): 110646.
- Shila Mishra, Manish Chauhan and Somesh K Mathur (2022), Digital Economies and Evolving Regulations: A Parametric and Non-parametric Approach with Bad Output Across Countries, Artnet Working Paper NO. 212, March 30th, 2022, UNESCAP , Bangkok. The paper is now published here
- Archana Srivastava, Somesh K Mathur and Prabir de(2022), Ex-ante evaluation of India's trade alliance with Indo-Pacific region : A general equilibrium analysis, AWP 211, February 2022, UNESCAP , Bangkok
- Dar, S. S., & Sahu, S. (2022). The effect of language on financial inclusion. Economic Modelling, 105693.
- Dutta, J., & Martínez-Legaz, J. E. (2021). Error bounds for inequality systems defining convex sets. Mathematical Programming, 189(1), 299-314.
- A Kanya, T Marthias, S Vellakkal, N Carvalho, R Atun, A Morgan, Y Zhao, E Hulse, B McPake, J Lee (2021). Socioeconomic inequalities ineffective service coverage for reproductive, maternal, newborn, and child health: a comparative analysis of 39 low-income and middle-income countries, EClinicalMedicine-LANCET, Volume 40
- Singh, A., & Vellakkal, S. (2021). "Impact of public health programs on maternal and child health services and health outcomes in India: A systematic review". Social Science & Medicine, 113795.
- Saini, S., Ahmad, W., & Bekiros, S. (2021). "Understanding the credit cycle and business cycle dynamics in India". International Review of Economics & Finance, 76, 988-1006.
- Khan, M. A., & Ahmad, W. (2021). "Fresh Evidence on the Relationship between Market Power and Default Risk of Indian Banks". Finance Research Letters (Forthcoming).
- Dempe, S., Dinh, N., Dutta, J., & Pandit, T. (2021). "Simple bilevel programming and extensions". Mathematical Programming, 188(1), 227-253.