Doctorate in Agriculture Economics

About Course

Ph.D. (Agriculture Economics) Courses, Eligibility, Admissions, Syllabus, Career Options, Frequently asked Questions.

Overview and About the Course:

Individuals who are interested in pursuing a Doctor of Philosophy (PhD) in Economics must adhere to a certain procedure and process in order to get admitted to one of the many Indian universities and colleges that offer this degree. A successful completion of postgraduate studies in economics or a related discipline is required. The student should have a background where their Bachelor's and Master's should be in a related discipline before pursuing a PhD in Economics. Students are actively engaged in research in applied microeconomic theory, political economy, behavioural economics, development economics, labour economics, health economics, public economics, and many other fields through theory and meticulous analysis.

In-depth training in applying economic theory and quantitative approaches to the economic issues facing the food industry and rural areas is offered via the PhD programme in agricultural economics.
With an emphasis on finding solutions, the OSU Department of Agricultural Economics has a long history of being one of the nation's more relevant and applicable departments. The department's atmosphere encourages extensive student participation, and there is frequent interaction between students and teachers.

The creation of a study plan, successful completion of the necessary coursework, passing the microeconomics qualifying examination, passing the written general examination and oral general defence, and passing the final exam are the main steps in fulfilling the requirements for the Ph.D. in the Department of Agricultural Economics and Agribusiness. After the programme of study has been submitted to and been accepted by the Graduate School, at least one academic year of continuous residence (two consecutive semesters) as a full-time graduate student must be obtained at LSU.

The PhD Agriculture Economics admission process might be merit-based or based on the outcomes of the entrance exam held by the Institute.

Top PhD Agricultural Economics Colleges charge between INR 3 lakhs and INR 7 lakhs as the average course price for their PhD in Agricultural Economics.

Course Highlights for Ph.D. in Agriculture Economics:

Why to do Ph.D. in Agriculture Economics?

Students who pursue a Ph.D. in Agricultural Economics are prepared for careers in policy and agribusiness. Advanced quantitative analysis, critical thinking, and agricultural innovation abilities are needed for this course. Graduating students also acquire a critical viewpoint on agricultural practises and regulations. Additionally, they are equipped for a range of job paths, such as research, consulting, and advising. Additionally, they are well-equipped for the demanding task of academic and policy research.

A highly competitive programme that develops leaders in business, academia, and government is the Ph.D. in Agricultural Economics. Graduate students collaborate with academics to solve complex issues by applying economic theory and quantitative techniques. They also have the exceptional chance to collaborate with academics who specialise in their area of interest. A Ph.D. in Agricultural Economics can thus lead to a career in a variety of industries.

Eligibility Criteria for Ph.D. in Agriculture Economics:

Applicants interested in pursuing a PhD in agriculture economics should adhere to the following qualifying requirements:

•    The candidates must have earned their master's degree from an accredited institution in the same or a comparable field.

•    The intended applicants must acquire the minimum qualifying marks necessary to be considered for admission to the institutes for which they are taking the entrance test.

Applicants for Ph.D. admission must have a post-graduate degree in agriculture economics with at least 55% of the required grades from an accredited university and must have completed the university- or national-level entrance test. UGC NET, UGC CSIR NET, GATE, SLET, and other national-level admission examinations, as well as university entrance examinations that include written tests and personal interviews.

Skills Required for Ph.D. in Agriculture Economics:

•    Decisive
•    Strong Minded
•    Reasonable
•    Avid Reader
•    Enthusiastic
•    Assertive
•    Eager
•    Confident
•    Strong-willed
•    Determined
•    Logical
•    Good Communication Skills

•    Passionate
•    Interested
•    Dedicated
•    Studious

Admission process for Ph.D. in Agriculture Economics:

For various institutions, the PhD Agriculture Economics admissions process is variable. In certain instances, admission is made directly, with individuals chosen based on merit. Candidates must take entrance exams or interview in order to complete the admissions procedure at certain other Institutes.

Entrance Based on Admission:

Candidates must register and completely fill out the application if admission is determined by an entrance exam. The applicants must get the minimal score needed for admission.

Admissions based on merit:

Before filling out the application form, interested individuals should carefully read the directions on the college or university website.
The applicants should watch for the publication of the merit lists after submitting the application.

Different Entrance exams for Ph.D. in Agriculture Economics:

The following are the entrance exams for PhD Agriculture Economics admission:

UGC NET: 

This national-level test is required for admission to a PhD programme.

ICAR: 

This All-India Entrance Exam is held to admit students to the PhD programme in agriculture sciences.

OUAT Entrance Exam:

The Orissa University of Agriculture and Technology administers the OUAT Common Entrance Exam each year to determine admission to undergraduate, graduate, and doctoral programmes. Candidates who pass this test will be admitted to programmes in agriculture, horticulture, veterinary medicine, and animal husbandry.

Points to remember to clear the entrance exam:

Candidates must have some things in mind if they want to pursue a PhD in agricultural economics.

•    Three to four months before to the exam, the applicants should review the required material.

•    The test format and question types should be known to the applicants.

•    Have a good understanding of the fundamental ideas.

•    They should start preparing to create a successful strategy in order to perform well in the exam.

•    To acquire a sense of the test, solve sample or prior exams.

•    To do well on the test, write concise and impactful study notes.

•    Before the exam, take practise exams to evaluate your knowledge and abilities.

Admission process in colleges for Ph.D. in Agriculture Economics:

Make sure to keep a few suggestions in mind if you want to pursue a PhD in agriculture economics from a reputable university.

•    The ideal individuals should begin looking for the top universities that offer this degree online.

•    To be admitted to a reputable university, applicants must get a master's degree or its equivalent with high marks.

•    Candidates need to be fully aware of the specifics of the admission exams for the research programme.

•    Finally, they should practise how to present oneself professionally during interviews and written exams as they are also a part of the admissions process.

Top Colleges for Ph.D. in Agriculture Economics:

Check out the list of top Colleges for Ph.D. in Agriculture Economics. 

Syllabus for Ph.D. in Agriculture Economics:

In Paper – 1

Unit - 1

•    Experimental survey: Basic principles of experimental design 

•    Case studies - problems and limitations. 

•    Introduction to philosophy of science and research methodology. 

•    Research Design: Need for research design, Features of a good research design, Different research design. 
•    Planning and implementing research projects: planning a research project, problem formulation, research strategy and methods. 

Unit – 2

•    Data processing: Operations and Problems in data processing 

•    Sampling design: meaning and its applications 

•    Measurement and scaling techniques: Measurement Scales and Sources of errors in measurement 

•    Methods of Data Collection: Direct method and Indirect methods 

•    Data collection through questionnaires and schedules 

•    Problems in data collection 

Unit – 3

•    Analysis of Data: Measures of and analysis Central Tendency, Dispersion, Skewness, and Kurtosis. 

•    Statistical Estimation and Testing of a hypothesis. 

•    Theoretical Distributions: Normal, Poisson and Binomial. 

Unit – 4

•    Problems in econometric estimation. 

•    Methods of Analysis: Simple and Multiple Regression. 

•    Time series analysis.  

Unit – 5

•    Introduction to statistical and econometric software 

•    Documentation - writing the research thesis 

In Paper – 2

Unit – 1

•    Micro and Macro Economics. 

•    Consumer Demand Theory: Choice under Certainty and Uncertainty. 

•    Inflation and Unemployment in the Closed and Open Economy. 

•    Theory of Production and Cost. 

•    Macro policy options. 

Unit – 2

•    International Trade, International Finance, Corporate Finance. 

•    Theories of Balance of Payment and exchange rate determination. 

•    Modern theory of trade and trade Policy. 

•    Policy Conflicts and Adjustment under Fixed and Flexible Exchange Rates. 

•    Intra-Industry Trade, Free Trade versus Protection, Analysis of gains from free trade. 

•    Modern Investment Theory 

•    Financial Derivatives. 

Unit – 3

•    Classical Growth Models. 

•    Sustainable Development. 

•    Development and Growth Theory.
  
•    Theories of under-development.  

•    Endogenous Growth Models. 

Unit – 4

•    Economic Issues and Policy-I 

•    PSUs, Privatization and Disinvestment

•    Planning and Economic Reforms  

•    Financing of Infrastructure Development, Education Sector

 
•    Financial Sector Reforms, Money and Capital market. 

•    World Trade Organization (WTO) and Indian Competition Policy. 

•    WTO and Effects of Trade (Liberalization and Globalization) on Poverty, Inequality, Environment, Gender, Labour Standards, Technological Transfers etc. 

•    Fiscal and Monetary Policy Approaches Tax Reforms, Central Government Finances  

•    Foreign Trade Liberalization, Balance of Payments, Exchange Rate  

Unit – 5

•    Poverty, Income Distribution and Justice 

•    Economic Issues and Policy-II  

•    Land Reforms in India and their impact on Agrarian Structure  

•    Migration and Demographic Transition  

•    Indian Industry and Structural Changes 

•    Rural poverty alleviation and employment programmes  

•    Nature and Problems of Rural Development in India  

•    Rural industrialization and strategies 

Job prospects for Ph.D. in Agriculture Economics:

Candidates with a PhD in agriculture economics will have many career options in academic institutions, the public and private sectors, and the field of veterinary management and medicine, among others.

Different Job Profiles for Ph.D. in Agriculture Economics:

•    Investigator in research:

Apply the findings from fundamental research projects carried out in labs or on the ground to activities like boosting crop and animal production to help the environment.

•    Market Analyst:

Make market predictions for commodities.

•    Consultant for Agriculture:

providing guidance on agricultural lands

•    Farming Supervisor:

Keeping an eye on the workforce, crops, and supplies; creating budgets, etc.

Other Job Profiles for Ph.D. in Agriculture Economics:

•    Financial Consultant
•    Professor
•    Advisor
•    Consultant
•    Finance
•    Corporate Firm
•    Management Consulting
•    Policymaking
•    Accountant
•    Investment Analysis
•    Economist
•    Lecturer

Benefits of Ph.D. in Agriculture Economics:

Students who pursue a Ph.D. in Agricultural Economics are prepared for careers in policy and agribusiness. Advanced quantitative analysis, critical thinking, and agricultural innovation abilities are needed for this course. Graduating students also acquire a critical viewpoint on agricultural practises and regulations. Additionally, they are equipped for a range of job paths, such as research, consulting, and advising. Additionally, they are well-equipped for the demanding task of academic and policy research.

One of the top degrees now offered is a Ph.D. in agricultural economics. Students who complete this programme are prepared to be leaders in business, academia, and government. Graduate students are forced to think critically while assiduously learning about the complexity of society and economy. They are equipped to handle the requirements of the commercial world. Students who are working for a Ph.D. in Agricultural Economics also have the option to do research in a field they are interested about.

A highly competitive programme that develops leaders in business, academia, and government is the Ph.D. in Agricultural Economics. Graduate students collaborate with academics to solve complex issues by applying economic theory and quantitative techniques. They also get the exceptional chance to collaborate with academics who specialise in their area of interest. A Ph.D. in Agricultural Economics can thus lead to a career in a variety of industries.

Scope of doing Ph.D. in Agriculture Economics:

In India, PhD agricultural economists have a major impact on both the public and commercial sectors. Candidates for a PhD in agriculture economics who want to improve their prospects of finding better employment choices can enrol in the following courses:

A full-time doctoral programme lasting two or three years, the MPhil in Agricultural Economics enables students to concentrate on micro and macroeconomic components and apply them to solve problems.

Competitive Tests: In order to obtain employment in the public sector, candidates may also study for competitive exams.

Frequently asked Questions:

Question. Is an economics PhD challenging?

Answer. A PhD in Economics or any other discipline is challenging since it involves extensive research training.

Question. What is the potential use of an economics PhD?

Answer. Many applicants who get a PhD in economics choose to remain in academia and work as college professors, teachers, etc.

Question. Are PhD students compensated?

Answer. Yes, some universities provide PhD students stipends. While some PhD programmes just require research, others also require undergraduate teaching.

Question. Is a PhD in economics difficult?

Answer. Being that a PhD in Economics or any other field requires considerable research training, it might be difficult.

Question. What possible applications does a PhD in economics have?

Answer. Many candidates for economics PhDs decide to stay in academia and work as university professors, instructors, etc.

Question. Do PhD students receive pay?

Answer. Yes, some universities offer stipends to PhD students. While some PhD programmes just call for research, others also call for instructing undergraduate students.