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PHD in Economics at Indian Institute of Management Sambalpur
Sambalpur, Odisha
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About the Specialization
What is Economics at Indian Institute of Management Sambalpur Sambalpur?
This Economics PhD program at IIM Sambalpur focuses on developing rigorous researchers capable of contributing original insights to academic literature and policymaking. The program emphasizes advanced theoretical and empirical methods, equipping scholars with the tools to analyze complex economic phenomena relevant to India''''s dynamic economic landscape. It distinguishes itself through its blend of core economic theory with interdisciplinary research applications and a strong focus on quantitative techniques.
Who Should Apply?
This program is ideal for highly motivated individuals with a strong academic record in economics, statistics, or a related quantitative field. It attracts fresh postgraduates seeking an academic career, government think-tank positions, or research roles in institutions. Working professionals with a master''''s degree looking to transition into research or teaching, or those aiming for senior analytical roles requiring deep economic expertise, will also find this program beneficial. Strong analytical and quantitative skills are prerequisites.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding India-specific career paths in academia as professors or researchers at leading universities and institutes. Opportunities also exist in economic consulting firms, government organizations like NITI Aayog or RBI, and international development agencies operating in India. Entry-level salaries for PhDs in academia typically range from INR 8-15 lakhs, growing significantly with experience. The program prepares scholars for impactful research and thought leadership in the Indian context.
Student Success Practices
Foundation Stage
Master Core Research Methodologies- (Semester 1-2 (Trimester 1-2))
Dedicate significant time to understanding the foundational research methodologies in statistics, econometrics, quantitative, and qualitative research during the initial trimesters. Actively participate in workshops, seek clarification from faculty, and solve problem sets diligently. This rigorous foundation is crucial for developing robust research proposals and conducting sound empirical work later on.
Tools & Resources
Greene''''s Econometric Analysis, Wooldridge''''s Introductory Econometrics, Statistics software (R, Stata, Python), University library research databases
Career Connection
A strong grasp of diverse methodologies is indispensable for any research-oriented career, ensuring the credibility and impact of your future academic publications and policy analyses.
Build a Strong Economics Foundation- (Semester 2-3 (Trimester 2-3))
Engage deeply with the Microeconomic and Macroeconomic Theory courses, even if you have a strong background. These courses will be taught at an advanced, research-oriented level. Supplement classroom learning with classic and contemporary readings, and actively participate in discussions to develop critical thinking in economic theory, which forms the bedrock of your specialization.
Tools & Resources
Mas-Colell, Whinston, Green (Microeconomic Theory), Romer (Advanced Macroeconomics), Journal articles from AER, Econometrica
Career Connection
A profound understanding of economic theory is essential for developing original research questions and contributing meaningfully to economic discourse in academia or policy research.
Develop Academic Writing and Presentation Skills- (Semester 1-2 (Trimester 1-2))
Focus intently on the ''''Research Skills and Academic Writing'''' course. Practice writing concisely, citing accurately, and structuring arguments logically. Actively present your work in class and departmental seminars, seeking feedback to refine your communication skills. Effective writing and presentation are key to disseminating your research successfully.
Tools & Resources
Purdue OWL, Zotero/Mendeley for citation management, Departmental writing workshops
Career Connection
Clear communication of complex research is vital for publishing in top journals, presenting at conferences, and securing academic positions in India and globally.
Intermediate Stage
Engage with Advanced Specialization Electives- (Semester 3-4 (Trimester 3-4))
Strategically choose your Economics electives to align with your emerging research interests. Delve into advanced topics in areas like Applied Econometrics, Financial Economics, Development Economics, or Public Economics. Proactively discuss potential research ideas with faculty in these areas and explore relevant datasets for early-stage exploration.
Tools & Resources
Specialized textbooks (e.g., Campbell, Lo, MacKinlay for Financial Econometrics), Databases like CMIE Prowess, NSSO, World Bank Data, Faculty office hours for topic discussions
Career Connection
Specialized knowledge enhances your research depth and makes you a competitive candidate for roles requiring expertise in specific economic domains, both in research and policy.
Formulate a Research Question and Literature Review- (Semester 3-4 (Trimester 3-4))
Begin formulating a focused and original research question early on, even during the coursework phase. Conduct an extensive and systematic literature review to identify research gaps and position your potential contribution. Discuss your ideas with multiple faculty members to gain diverse perspectives and refine your research direction for your dissertation proposal.
Tools & Resources
Scopus, Web of Science, Google Scholar, EndNote/Zotero for literature management, IIM Sambalpur faculty expertise
Career Connection
A well-defined research question and comprehensive literature review are foundational to a successful PhD thesis, which directly impacts your academic and research career prospects.
Network and Attend Seminars/Workshops- (Semester 2-4 (Trimester 2-4))
Actively attend research seminars, workshops, and conferences organized by the institute or other leading institutions in India. This exposure to ongoing research will broaden your perspective, introduce you to potential collaborators, and help you identify new research avenues. Engage with speakers and fellow researchers to build your professional network.
Tools & Resources
IIM Sambalpur seminar series, Conferences by IEA, IAES, other IIMs/IITs, Online research communities
Career Connection
Networking is crucial for academic placements, securing collaborations, and staying abreast of the latest research trends, enhancing your visibility in the Indian research community.
Advanced Stage
Prepare Rigorously for Comprehensive Exam- (After coursework, prior to thesis proposal)
The Comprehensive Qualifying Exam is a critical hurdle. Systematically revise all core and specialization subjects, focusing on both theoretical understanding and analytical application. Practice solving past exam papers and engage in study groups to test your knowledge and identify areas for improvement. This exam validates your readiness for independent research.
Tools & Resources
Course notes and textbooks for all core subjects, Past comprehensive exam papers (if available), Study groups with peers
Career Connection
Passing the comprehensive exam demonstrates mastery of your field, a prerequisite for advancing in your doctoral studies and ultimately for academic job applications.
Develop a Robust Dissertation Proposal- (Post-comprehensive exam)
Work closely with your Doctoral Advisory Committee (DAC) to develop a well-structured and defensible dissertation proposal. Ensure your proposal clearly outlines your research question, theoretical framework, methodology, expected contributions, and feasibility. This is your roadmap for the next few years of intensive research.
Tools & Resources
DAC members (faculty advisors), Templates for dissertation proposals, Feedback from mock proposal defenses
Career Connection
A strong proposal is essential for guiding your research, gaining committee approval, and laying the groundwork for high-quality publications that will define your research profile.
Focus on Publication and Thesis Defense- (Years 3-5 of the program)
As you conduct your research, aim to write and submit parts of your thesis for publication in reputable peer-reviewed journals. This iterative process of writing, feedback, and revision strengthens your thesis and builds your publication record. Prepare meticulously for your final thesis defense, practicing presentations and anticipating potential questions from the examiners.
Tools & Resources
Targeted academic journals (e.g., Economic and Political Weekly, Indian Economic Review), Statistical software and data analysis skills, Mock defense sessions
Career Connection
Publications are critical for securing academic positions, while a successful thesis defense marks the culmination of your doctoral journey and signifies your readiness as an independent scholar.
