.png&w=1920&q=75)
PHD in Economics at VELS Institute of Science, Technology & Advanced Studies (VISTAS)
Chennai, Tamil Nadu
.png&w=1920&q=75)
About the Specialization
What is Economics at VELS Institute of Science, Technology & Advanced Studies (VISTAS) Chennai?
This PhD in Economics program at Vels Institute of Science Technology and Advanced Studies focuses on advanced theoretical frameworks, empirical analysis, and policy implications within the field of economics. It aims to develop independent researchers capable of contributing original knowledge to the discipline, addressing contemporary economic challenges relevant to India''''s dynamic economic landscape. The program emphasizes a blend of rigorous academic training and practical research application.
Who Should Apply?
This program is ideal for postgraduate students with a strong academic background in Economics seeking to pursue a research-oriented career. It also caters to academics, government officials, and policy analysts looking to deepen their expertise and contribute to high-level economic discourse. Aspiring researchers who wish to tackle complex socio-economic issues specific to India and global markets are well-suited for this rigorous program.
Why Choose This Course?
Graduates of this program can expect to pursue esteemed careers in academia as professors or researchers, economic policy roles in government bodies like NITI Aayog or Reserve Bank of India, or as senior analysts in leading think tanks and research organizations. Entry-level salaries for PhDs in India can range from INR 7-12 lakhs per annum, with significant growth potential in specialized roles. The program fosters critical thinking and analytical skills essential for high-impact contributions.
Student Success Practices
Foundation Stage
Master Research Methodology and Core Economics- (Semester 1-2)
Diligently engage with the coursework during the first semester, focusing on building a strong foundation in advanced economic theories, econometrics, and diverse research methodologies. Attend all lectures, participate actively in discussions, and complete assignments thoroughly to clear the comprehensive examination.
Tools & Resources
Advanced Microeconomics by Jehle & Reny, Advanced Macroeconomics by Romer, Econometrics by Wooldridge, JSTOR, EBSCOhost for academic papers
Career Connection
A solid foundation is crucial for developing a high-quality research proposal and successfully conducting your thesis, directly impacting your credibility and future employability in research roles.
Identify Research Interests and Potential Supervisors- (Semester 1-2)
Early in the program, explore various sub-fields within Economics (e.g., Development Economics, Environmental Economics, Public Economics) to identify your core research interest. Simultaneously, engage with faculty members to understand their research areas and identify potential supervisors whose expertise aligns with your interests.
Tools & Resources
Departmental research profiles, Faculty publications, Research seminars and workshops
Career Connection
Choosing a relevant and impactful research area, coupled with a supportive supervisor, is paramount for timely thesis completion and the potential for impactful publications, which are key for academic careers.
Cultivate Academic Reading and Writing Habits- (Semester 1-2)
Develop a routine for extensive reading of academic journals, working papers, and economic literature. Practice critical analysis of existing research and regularly refine your academic writing skills through coursework assignments, literature reviews, and early drafts of your research proposal.
Tools & Resources
Mendeley/Zotero for reference management, Grammarly, Academic writing workshops offered by the university library
Career Connection
Strong reading and writing skills are fundamental for PhD success, enabling effective literature reviews, robust methodology articulation, and clear communication of research findings to academic and policy audiences.
Intermediate Stage
Develop and Refine Research Proposal- (Semester 3-5)
Work closely with your supervisor to formulate a well-defined, original, and feasible research proposal. This involves identifying a research gap, formulating clear research questions, outlining methodology, and conducting a comprehensive literature review. Be open to feedback and iterative revisions.
Tools & Resources
Research proposal guidelines from the university, Statistical software like R, Stata, EViews, Data sources like NSSO, RBI, World Bank
Career Connection
A strong research proposal is the blueprint for your PhD and significantly influences the quality and direction of your research, which is a major determinant of job prospects in research and policy analysis.
Engage in Departmental Seminars and Workshops- (Semester 3-5)
Actively participate in departmental seminars, workshops, and guest lectures. Present your research work in progress, even at early stages, to receive constructive feedback from peers and faculty. This exposure enhances presentation skills and helps refine research ideas.
Tools & Resources
Departmental notice boards, email lists, Presentation software (PowerPoint, LaTeX Beamer)
Career Connection
Presenting your work builds confidence, hones communication skills, and provides opportunities for networking, which are crucial for securing academic positions, grants, and collaborations.
Build Quantitative and Qualitative Skills- (Semester 3-5)
Beyond coursework, invest time in mastering advanced statistical software (e.g., Stata, R, Python for data analysis) and relevant qualitative research techniques, depending on your thesis. Consider online courses or specialized workshops to enhance these empirical skills.
Tools & Resources
Coursera, edX for specialized courses, Data analysis forums (Stack Overflow for R/Python), University computing labs
Career Connection
Robust methodological skills are highly valued in academic research, policy analysis, and data science roles, making you a more competitive candidate in the job market, especially for roles requiring empirical evidence.
Advanced Stage
Focus on Thesis Writing and Publication- (Semester 6-8 and beyond)
Dedicate consistent effort to writing your thesis chapters, aiming for regular progress and seeking frequent feedback from your supervisor. Prioritize converting thesis chapters into publishable journal articles. This significantly enhances your academic profile.
Tools & Resources
Academic journal guidelines, LaTeX for thesis formatting, Peer review support groups
Career Connection
Publications in reputable journals are critical for securing post-doctoral fellowships, faculty positions, and demonstrating research impact, directly influencing career progression and recognition in the field.
Network and Attend National/International Conferences- (Semester 6-8 and beyond)
Actively network with established researchers, policymakers, and potential employers by attending national and international economics conferences. Present your research, engage in discussions, and explore collaboration opportunities. Seek funding for conference travel through university grants.
Tools & Resources
Conference websites (Indian Economic Association, TIES), University travel grants office, LinkedIn for professional networking
Career Connection
Networking opens doors to job opportunities, post-doc positions, and research collaborations. Visibility at conferences establishes your presence in the academic community, which is vital for long-term career growth.
Prepare for Viva Voce and Career Transition- (Final year/Post-submission)
Practice your viva voce presentation thoroughly, anticipating questions from examiners. Simultaneously, prepare your CV, cover letters, and research statements for academic job applications. Utilize career services for mock interviews and job search strategies.
Tools & Resources
Mock viva sessions, University career services, Academic job market portals (e.g., jobs.ac.uk, academicjobsonline.org)
Career Connection
Successful thesis defense is the final academic hurdle. Proactive career planning and preparation ensure a smooth transition into desired roles in academia, research, or policy, leveraging your PhD for impactful contributions.
Program Structure and Curriculum
Eligibility:
- Master''''s Degree or M.Phil. Degree in Economics or a related discipline with a minimum of 55% marks (50% for SC/ST/OBC/Differently-abled candidates) from a recognized university. Candidates must qualify in the VISTAS Research Entrance Examination and subsequent interview.
Duration: Minimum 3 years (Full-time), Minimum 4 years (Part-time)
Credits: Minimum 10 credits (for coursework) Credits
Assessment: Internal: 40% (for coursework), External: 60% (for coursework)
