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Research HighlightsThe Department of Economic Sciences has 15 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 38 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's administrative office is located in Room 622 of the Faculty Building, IITK academic area.

Placement of Recent PhD Students

Latest News

Events/Seminar Corner

  • Title: The Biden Administration, Global Order and India: In the President Elect’s Own Words
    Speaker: Prof. Dipankar Sengupta, University of Jammu and Researcher, Centre de Sciences Humaines, New Delhi (2002-5)
    November 25th, 2020; Time: 3:00 PM; Venue: Virtual Meeting

  • Title: Mobilizing P2P Diffusion for New Agricultural Practices: Experimental Evidence from Bangladesh
    Speaker: Dr. Debayan Pakrashi
    November 20th, 2020, Friday; Time: 11:00 AM to 12:00 Noon; Venue: Virtual Meeting

  • Title: On the Intraday Dynamics of Oil Price and Exchange Rate: What Can We Learn from China and India?
    Speaker: Dr. Wasim Ahmad
    November 20th, 2020, Friday; Time: 12:00 Noon to 1:00 PM; Venue: Virtual Meeting

  • Title: Economic Decision-making and Statistical Development in India
    Speaker: Dr. Pronab Sen
    November 20th, 2020, Friday; Time: 2:30 PM; Venue: Virtual Meeting

  • Title: The Long Shadow of Infrastructure Development: Long Run Effects of Railway Construction in Colonial India
    Speaker: Dr. Pushkar Maitra
    November 12th, 2020, Thursday; Time: 2:00 PM to 4:00 PM; Venue: Virtual Meeting

  • Title: How India went from Inclusion without growth to growth without inclusion
    Speaker: Dr. Saon Roy
    November 12th, 2020, Thursday; Time: 2:00 PM to 4:00 PM; Venue: Virtual Meeting

  • Title: Water Governance in India: From Arithmetic Hydrology to Heterodox Economic Thinking
    Speaker: Dr Nilanjan Ghosh, Director Observer Research Foundation, Kolkata
    November 10th, 2020, Tuesday; Time: 3:00 PM; Venue: Virtual Meeting

  • Title: Digital India
    Speaker: Prof. Nirvikar Singh
    November 6th, 2020, Friday; Time: 10:00 AM; Venue: Virtual Meeting

  • Title: Skilling India: No Time to Lose
    Speaker: Dr. Bornali Bhandari
    November 5th, 2020, Thursday; Time: 3:00 PM; Venue: Virtual Meeting

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Recent Publications

  • Singhal, A., Sahu, Sohini., Chattopadhyay, S., Mukherjee, A., and Bhanja, S. N. (2020). Using night-time lights to find regional inequality in India and its relationship with economic development. Plos One, 15(11), e0241907.
  • Jha, S., & Sahu, Sohini. (2020). Forecasting inflation for India with the Phillips Curve: Evidence from internet search data. Economics Bulletin, 40(3), 2372-2379.
  • Chitwan Lalji, Ayush Agrawal, and Debayan Pakrashi (2020). Analyzing the poverty situation in India: A multidimensional approach, in Contemporary Issues in Sustainable Development: The Case of India (Forthcoming)
  • Chakraborty, T., Mukherjee, D., & Saha, S. (2020). Contemporary Issues in Sustainable Development: The Case of India. Routledge India (Forthcoming).
  • Parashari, Gopal Saran, & Kumar, Vimal (2020). Destruction and settlement norms as determinants of conflict: An evolutionary perspective. European Journal of Political Economy, 63, 101872.
  • Chahal, Kaur Jot Rishman, and Ahmad, Wasim (2020), Political connections, investment inefficiency, and the Indian banking crisis, Quarterly Review of Economics and Finance (Forthcoming).
  • Khati, S. Karan, and Mukherjee, Deep (2020). Evaluating the performance of Indian domestic banks through the lens of Pareto‒Koopmans efficiency, Global Business Review (Forthcoming).
  • Sehgal, S., Ahmad, W., Pandey, P., and Saini, S. (2020), Economic and Financial Integration in South Asia: A Contemporary Perspective, Routledge (Forthcoming).
  • Awasthi, K., Ahmad, W., Rahman, A., & Phani, B.V. (2020). When US sneezes, clichés spread: How do the commodity index funds react then? Resources Policy (Forthcoming).
  • Karasu, S., Altan, A., Bekiros, S., &, Ahmad, W., (2020). A new forecasting model with wrapper-based feature selection approach using multi-objective optimization technique for chaotic crude oil time series. The Energy (Forthcoming).
  • Ahmad, W, Prakash, R., Uddin, G. S., Rishman, J. K. C., Lutfur, R., and Dutta, A., (2020), On the Intraday Dynamics of Oil Price and Exchange Rate: What Can We Learn from China and India? Energy Economics (Forthcoming).
  • Bresson, G., Chaturvedi, A., Rahman, M.A., and Shalabh. (2020), Seemingly Unrelated Regression with Measurement Error: Estimation via MCMC and Mean Field Variational Bayes Approximation, The International Journal of Biostatistics, (Forthcoming).
  • Bresson, G., Lacroix, G., and Rahman, M.A. (2020), Bayesian Panel Quantile Regression for Binary Outcomes with Correlated Random Effects: An Application on Crime Recidivism in Canada, Empirical Economics, (Forthcoming).
  • Agrawal, A., Lalji, C. and Pakrashi, D. (2020), He’s in a Better Place, But She’s Not: Health Status of Widows in India, Journal of Development Studies, (Forthcoming).
  • Frijters, P., Lalji, C. and Pakrashi, D. (2020), Daily Weather Only has Small Effects on Wellbeing in the US, Journal of Economic Behaviour and Organization, (Forthcoming)
  • Islam, A. and Pakrashi, D. (2020), Labour Market Participation of Women in Rural Bangladesh: The Role of Microfinance, Journal of Development Studies, (Forthcoming).
  • Mathur S.K (2020), What causes spread of COVID-19 across countries and Indian states: An Econometric and ANN Investigations, book chapter in the edited book by Prabir De and Suranjan Gupta, Joint Publication of EEPC and RIS, Ministry of External Affairs, GOI.
  • Deepthi, A S and S. K. Mathur (2020), Health Insurance Coverage during Epidemics in India: A COVID -19 case of India using SIR Modelling Technique, Journal of Economic Policy and Analysis, Volume 1, No 1.
  • Bilal A Bhat and Mathur S.K. (2020) Regional Income Convergence and Spatial Spillovers in Madhya Pradesh” forthcoming October-December 2020 issue of Prajnan, India
  • Ghosh, T., Parab, M P., Sahu, S. (2020), Analyzing the Importance of Forward Orientation in Financial Development-Economic Growth Nexus: Evidence from Big Data, Journal of Behavioural Finance, (Forthcoming).
  • Ghosh, T., Sahu, S., Chattopadhyay, S. (2020), Inflation expectations of households in India: Role of oil prices, economic policy uncertainty, and spillover of global financial uncertainty, Bulletin of Economic Research, (Forthcoming).
  • Datta, B. (2020). Investment Timing, Agency, and Overconfidence. Operations Research Letters, 48(3), 286-290.
  • Fafchamps, M., Islam, A., Malek, M. A., and Pakrashi, D. (2020), Can Referral Improve Targeting? Evidence from a Vocational Training Experiment, Journal of Development Economics, 144, 102436.

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