Applied Welfare Economics

Economics of Regulation

Development Economics

Population & Development

Economics of Education and Health

Labour Economics

Trade and Development

Environment and Development

Macroeconomic Management in Developing

Countries

Topics in Development Economics

India in the World Economy

Transport, Location & Infrastructure

Comparative Development

Industrial and Agricultural Economics

Industrial Organization

Industrial Economy of India

Economic Theory of the Firm

Indian Agriculture: Incentives & Decision

Making

Indian Agriculture: Markets, Institutions &

Technology

Topics in Agricultural Economics

General

Political Economy

Ethics and Economics

Issues in Economic Systems and Institutions

Issues in the History of Economic Analysis

Economics of Discrimination

Finance: Theory, Institutions &

Modelling

Corporate Finance

Finance Theory

Financial Markets

Econometrics of Financial Markets

Public Policy: Theory and Institutions

Public Economics

Climate Change Economics

Applied Environmental Analysis

Environmental Economics

Law and Economics

Resource Economics

Energy Economics

Econometric Methods and

Applications

Econometric Methods

Applied Multivariate Statistics

Time Series Analysis

Forecasting Methods and Applications

Applied Production Analysis

Applied Consumption Analysis

Structural Modelling for Policy Analysis

Topics in Econometrics

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In keeping with the tradition of excellence, faculty members of the Department of Economics publish widely in leading national and international journals. They have also written several books, working papers and are actively involved in various research projects. It is notable that based on its research profile, the Department has for many years been ranked the highest amongst Economics departments in India by RePEc (Research Papers in Economics), which is a global electronic archive of working papers and publications in Economics and Finance.

Faculty profiles are available at http://econdse.org/faculty/

RESEARCH

DEPARTMENT JOURNAL

Indian Economic Review

The Department houses a biannual journal, the Indian Economic Review since 1952. The journal is rated top‐most among all journals in India in the Economics discipline, and is now published by Spinger. In recent years it has been edited by Suresh Tendulkar, V. Pandit, Partha Sen, Pami Dua, Sunil Kanwar and Ram Singh.

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POLICY MAKING

arious members of the faculty, past and present, have been actively Vinvolved in planning and policymaking. We are proud to say that former Prime Minister, Dr. Manmohan Singh was a Professor in the Department during 1969‐71 and the founder Professor V.K.R.V. Rao was the Minister for Education in the 1970s and a member of the Planning Commission. Sukhamoy Chakravarty and Suresh D. Tendulkar both served as Chairman of the Prime Minister's Economic Advisory Council. K. Sundaram is currently the Chairman of the National Accounts Advisory Committee and a member of the Expert Group to Review the Methodology for Measurement of Poverty. Kaushik Basu was Chief Economic Advisor in the Ministry of Finance,and later Vice Preident and Chief Economist of the World Bank.

T.C.A. Anant has served as the Chief Statistician of India and Secretary, Ministry of Statistics and Programme Implementation earlier as Member Secretary, ICSSR. Pami Dua is a member of the Monetary Policy Committee, Reserve Bank of India. She has also served on various committees of the Ministry of Statistics and Programme Implementation (MOSPI), the Ministry of Civil Aviation and the Reserve Bank of India in the past. Shreekant Gupta is currently a member of the Consultative Group on Climate Change of the Ministry of Environment and Forests and is Member, Board of Trustees, Clean Air Initiative for Asian Cities, Manila. Aditya Bhattacharjea serves on various committees of the MOSPI. Pulin Nayak and Aditya Bhattacharjea have served on the Board of Directors of Export‐Import Bank of India. Santosh Panda has also served on the Board of Directors of the National Housing Bank.

At the international level, Delhi School of Economics has been the India counterpart of UN based World Project LINK which integrates independently developed national macro models into a global model for macroeconomic forecasting and policy analysis. Those associated with it in the past from DSE include V. Pandit and K. Sundaram. Pami Dua is currently the lead faculty from the Department in this project.

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TOPICSPEAKER

Selected Seminars/Public Lectures

Prachi Mishra , Reserve Bank of India The Transmission of Monetary Policy Within Banks: Evidence from India

Sonalde Desai, University of Maryland & Senior Fellow, NCAER Do Public Works Programs Increase Women’s Economic Empowerment? Evidence from Rural India

Elizabeth Webster, Swinburne University of Technology, Australia The Effect of Patents on Trade

Rinku Murgai, The World Bank Pathways to Reducing Poverty and Sharing Prosperity in India : Lessons from the Last Two Decades

Anand Shrivastava, Azim Premji University Role of Political Activists in Clientelistic Settings: Evidence from an Indian Public Works Program

Girish Bahal, National Council of Applied Economic Research Employment Guarantee Schemes and Wages in India

Brishti Guha, Jawaharlal Nehru University Grandparents as Guards: Inheritance and Post Marital Residence in a World of Uncertain Paternity

Kunal Dasgupta, University of Toronto Distribution Costs, Product Quality, and Cross‐Country Income Differences

Christian Oldiges, Research Officer at Oxford Poverty and Human Development Initiative (OPHI), University of Oxford

Measuring Multidimensional Poverty in India

Tobias F. Rotheli, University of Erfurt Pattern‐Based Inflation Expectations

Anusar Farooqui, Indian Institute of Management, Udaipur,McGill University, Columbia University

The Risk Premium on Balance Sheet Capacity

Rajiv Sethi, Department of Economics, Barnard College, Columbia University

Meritocracy and Markets

Swagata Bhattacharjee, Ashoka University Contracting for Innovation Under Ambiguity

Jonathan Morduch, Wagner Graduate School of Public Service, New York University

Poverty and Migration in the Digital Age: Experimental Evidence on Mobile Banking in Bangladesh

Alok Kumar, University of Victoria, British Columbia Earning Risks, Parental Schooling Investment, And Old‐Age Income Support From Children

Shareen Joshi, Georgetown University Jati inequality in rural India

Punarjit Roychowdhury, Department of Economics, Shiv Nadar University Partial Identification of Economic Mobility: With an Application to the United States

TOPICSPEAKER

Selected Seminars/Public Lectures

Dr. Federico Lupo‐Pasini, Lecturer, International Business and FinanceLaw School of Law Queen’s University, Belfast

Is Financial Nationalism on the Rise? A discussion on the logic of cooperation in international finance

Bhaskar Dutta, Ashoka University and University of Warwick Coalition Formation and History Dependence

Shabana Mitra, IIM‐Bangalore Wheels of Power: Long‐term effects of targeting girls with in‐kind transfers

Monisankar Bishnu, ISI Delhi Optimal Intergenerational Transfers and The Rise and Fall of Pay‐As‐You‐Go Pensions

Amartya Lahiri, University of British Columbia and CAFRAL Urbanization, Structural Transformation and Rural‐Urban Disparities

Matthias Morys, University of York Where does the Euro stand 10 years after the Global Financial Crisis of 2008?

Raghul S Venkatesh, Aix‐Marseille School of Economics Information Transmission with Substitutability and Resource Constraints

Neha Khanna, Department of Economics Binghamton University High Priority Violations and Intra‐firm Pollution Substitution Date

Veronique Gille, Université Paris‐Dauphine Measuring sex‐selective abortion: Are there repeated abortions?

Gaurav Arora, IIIT Delhi Conservation Easement Allocations Amidst Localized Spillovers in Grassland Conversion: Analysis using remotely‐sensing data

The Department of Economics organized three public lectures during 2017‐18.

• Prof. Anirudh Krishna (Edgar T Thompson Professor of Public Policy, Duke University) on July 20, 2017 delivered a lecture on

“The Broken Ladder‐The Paradox and the Potential of India’s One Billion”.

• Dr. Arvind Subramanian (Chief Economic Advisor, Govt of India) on March 22, 2018 delivered a lecture on “Economic Survey

2018 and Beyond”.

• Prof. Ramesh Chand (Member, NITI Aayog) on March 26, 2018 on “Challenges before the Agriculture Sector and the Way Out”.

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Workshops

Workshop on Political Economy and Development – September 29‐30, 2016 , in collaboration with the The Centre for Competitive Advantage in the

Global Economy (CAGE) at the University of Warwick in the U.K.

Papers presented at the workshop covered a wide range of topics including industrialization and public policy during the colonial period in India and

Africa, Political failure in electoral systems, clientelism, education, corporate environmentalism, malnutrition and gender and caste discrimination.

Workshop on Development in Comparative Perspective – March 9‐10, 2017, In collaboration with the Centre for research on the Economics of

Climate, food, Energy and Environment (CECFEE) at the Indian Statistical Institute Delhi and the University of Gothenburg in Sweden. Faculty

members from the University of Gothenburg. Indian Statistical Institute and the Delhi School of Economics participated.

The focus was on development policy and the fields covered included education, foreign aid, energy, environment and cultural influences on

development. In addition to faculty from these three institutions, Anant Sudarshan and Santosh Harish from the Delhi unit of the Energy Policy

Institute of the University of Chicago attended and presented their work on urban air pollution. Workshop concluded with a panel discussion on

bridging the gap between research and Policy. The panelists included Santhosh Mathew, Chairperson of the National Council for Teacher Education,

Pierre Jacquet, Global Development Network and Arne Bigsten from the University of Gothenburg.

Workshop on Trade and Development – (October 23, 2017)

The workshop focussed on uses relating to linkages between International Trade and Economic Growth and developments in “New Trade Theory"

Participants included : Dennis Novy (University of Warwick, UK), SugataMarjit (Centre for Studies in Social Sciences Calcutta), Pao‐Li Chang

(Singapore Management University), Swati Dhingra (London School of Economics), John Morrow (Birkbeck University, London), Rajat Acharyya

(Jadavpur University), Anirudh Shingal (World Trade Institute, University of Bern)

The workshop had a panel discussion on the topic of “The Upsurge in Mobility Restrictions across Borders: Anti‐Globalisation?”. Panelists included ‐ Aditya Bhattacharjea (Head, Dept. of Economics, Delhi School of Economics), T S Vishwanath (Principal Advisor, APJ‐SLG Law Offices on Trade Policy), Andreas Baucer (International Monetary Fund, New Delhi Office), Jayant Dasgupta (Ex‐Secretary. PM's Economic Advisory Council and Former Ambassador, WTO), Manoj Pant (Director, Indian Institute of Foreign Trade), Swati Dhingra (Asst. Professor, London School of Economics)

More than 80 participants, from various institutions participated.

Workshops were organised by the Department of Economics and the Centre for Development Economics to provide a relaxed environment for academic discussion and collaboration across departments.

DSE‐ A Holistic Experience

ShARE

ShARE is an international, non‐profit organization for students, striving to better understand the complexities of local socio‐economic

issues through presentations, conferences and projects. With the emergence of a global knowledge and information society, ShARE's

vision is to generate, share and use knowledge to contribute to regions' human, social and economic development.

There are 6 global knowledge networks in ShARE based on different areas of expertise: Energy, Business Strategy, Global Economics,

Finance, Industry, Information and Communication Technology and Innovation. The ShARE DSE team has always been amongst the

most active teams across the globe and is well known for the superior quality of its work.

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In addition to the emphasis on academic performance

and achievements, the students of DSE are given

ample opportunity to enjoy a fulfilling campus life.

Being in the heart of the North Campus of Delhi

University, students are able to attend both academic

and recreational events hosted by various colleges.

Students are encouraged to attend seminars and talks

by eminent economists, academicians and policy

makers to broaden their horizons. Also, DSE boasts of

a diverse student body, providing many opportunities

for enriching interaction, through events like the

annual DSE Fest and recreational trip organised by the

students' council or more routinely over a cup of tea.

Student Initiatives

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Prisoner's Dilemma: In Jan 2017, ShARE held a whimsy little quiz in which we subjected our participating teams to everything from economic trivia to off‐color jokes. To keep the format fresh, we asked a mix of straightforward trivia, visual‐based questions, and had multiple rounds in which points were awarded only when both members of a team, sitting separately and unable to communicate between each other, got the same answer to a simple question. With over 50 teams and 100 participants (and about 50‐odd observers in the gallery!) this slight tweaking of the quiz format seemed to be rather popular with our peers.

“Game of Thrones”: This event, organised in January 2014, was an economic simulation wherein the participants had to build a successful economy using a limited number of resources. Set in the medieval times, the participating teams had to spend these resources on a variety of areas, from farming to defence, and had to sustain their economies through times of peace as well as war. It saw a participation of around 150 people.

Debate: ShARE‐DSE organised a debate in January 2015. The motion was “Whether countries should be allowed to give natural resources in order to pay off their national debt”.

“Bluffmaster”: This was an event organised in January 2015, and was a fun event where, in a particular round, participants were asked a question which had a list of answers, from a most common one, which gave you the lowest score, to a least common one, which gave you the highest score. One of the participants had the list of answers beforehand, and hence was the “Bluffmaster”, and it was up to the other teams to spot and oust him. It was thoroughly enjoyed by the participants as well as the audience.

Output presentations: The ShARE‐DSE junior team comprising of 16 members, 4 from each network presented their final outputs on various innovative and relevant topics they had worked on during the semester. The presentations were highly informative and well researched and the students discussed their findings and shared their work with the audience.

PRAYAAS ‐ DSEIt is believed that the amount of happiness you experience can be increased by sharing it with others. We, at Prayaas DSE believe that any opportunity for spreading joy should be grabbed. Motivated by our only goal to make a difference in the lives of others in need, Prayaas‐DSE is a social organization formed by the students of DSE in 2005. Since 2005 Prayaas‐DSE has developed itself into a self dependent and progressive organisation at DSE. Though its permanent members are only from the Economics department it does involve volunteers from all the departments at DSE.

Recent Events at ShARE‐DSE :

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Prof. Bhaskar Dutta, Economics

Welcome of Distinguished Guestsby DSE Students Welcome Song by DSE Students Classical Dance by DSE Students Classical Song by DSE Student

DSE Annual Day February 17, 2017Felicitation of Distinguished Women Alumni of the three Constituent Departments of DSE viz. Economics, Geography & Sociology by Vice‐chancellor Prof. Yogesh K. Tyagi

Economic and Financial Analysis: Participants in financial markets today need to be savvier than ever due to interactive nature of the response mechanism in the economy ‐ real, monetary and policy‐making. A detailed understanding of economic indicators and how they affect the market can provide critical leverage for staying ahead.

Data Analysis & Forecasting: Developing predictive models and deciphering future trends from data signals form a key input in any business decision. Comprehensive training in techniques for modelling, forecasting and time series analysis imparted at the institute are invaluable in this respect.

Investment Banking: Advanced training in quantitative skills and a sound understanding of the macroeconomic picture are essential for working in an investment bank. The students trained in these skills from the Delhi School of Economics thus play a crucial role in strategising and decision‐making.

Risk Advisory & Insurance: Skills of abstraction and a thorough training in data analysis are essential tools for taking an independent view on each product, project and initiative of the organization and evaluating them for short‐term and long‐term viability. Students trained in these skills from the Delhi School of Economics thus contribute immensely to the fundamental goal of actuarial analysis i.e. risk management and risk mitigation. Development Sector: The course structure at the institute provides a clear perspective of the economics behind the chronic socio‐economic malaise facing developing economies. Such an understanding facilitates the formulation of forward‐looking and eonomically viable solutions to various developmental issues.

Research: Business ideas today need to be supplemented with sophisticated analysis and research to give them an additional edge. A clear perspective on the key economic variables impacting the business can enable strategists to conceptualise their ideas more concretely. Media & Publishing: Armed with a clear perspective on pertinent economic issues as well as their impact, students from the Delhi School of Economics are well placed to articulate and lucidly present current issues and news for the benefit of diverse segments of the population.

Sales & Marketing: Marketing involves a clear understanding of the playing field and formulation of strategies as an entrant or an established player. Economics gives an excellent insight into the different segments of the market as well as the various factors that affect them. Analytical skills provide an extra edge to comprehend the significant aspects and also to take positions on a more informed basis.

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Where We Fit

The ability to affect change in the

world is what sets apart mere

knowledge from a complete

education. The Delhi School of

Economics prides itself in being

able to do just that. The holistic

development of students ensures

that they accomplish great

results in diverse sectors such as

consulting, analytics, research,

policy making and media,

leading to higher productivity

and growth in the society -

creating a ripple effect.

Department of Economics

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Prof. V.K.R.V. Rao

Name Period

‐

Name Period

HEADS OF THE DEPARTMENT

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Name Year Name Year

Prof. V. K. R. V. Rao

Prof. K. N. Raj

Prof. M. S. A. Rao*

Prof. T. Raychaudhuri

Prof. A. Das Gupta#

Prof. V. L. S. Prakasa Rao**

Prof. A. B. Ghosh##

Prof. A. M. Shah*

Prof. A. L. Nagar

Prof. R. Ramachandran**

Prof. Dharma Kumar

Prof. K. L. Krishna

Prof. Dharma Kumar

Prof. K. L. Krishna

Prof. A. L. Nagar

1957 ‐ 1962

1962 ‐ 1965

1965 ‐ 1966

1966 ‐ 1968

1968 ‐ 1970

1970 ‐ 1972

1972 ‐ 1973

1973 ‐ 1975

1975 ‐ 1977

1977 ‐ 1979

1979 ‐ 1980

1980 ‐ 1981

1981 ‐ 1982

1982 ‐ 1984

1984 ‐ 1987

1949 ‐ 1957

Prof. B. N. Ganguli

* Sociology; ** Geography; # Buisness Development; ## Commerce; Others ‐ Economics

Prof. Mrinal D. Chaudhuri

Prof. J. P. S. Uberoi*

Prof. R. S. Nigam##

Prof. K. L. Krishna

Prof. S. D. Tendulkar

Prof. Badal Mukhopadhyay

Prof. Om Prakash

Prof. Aneeta A. Minocha*

Prof. Badal Mukhopadhyay

Prof. Pulin B. Nayak

Prof. B. L. Pandit

Prof. Partha Sen

Prof. Santosh C. Panda

Prof. Pami Dua

Prof. Meenakshi Thapan

2008

1991 ‐ 1992

1992 ‐ 1993

1993 ‐ 1995

1995 ‐ 1998

1998 ‐ 2001

2001 ‐ 2002

2002 ‐ 2003

2003 ‐ 2005

2005 ‐ 2008

2008 ‐ 2011

2011 ‐ 2013

1987 ‐ 1991

2013 ‐ 2018

2018 to date

Department of Economics

DIRECTORS

Des

igned

& P

rinte

d b

y SA

PH

IRE 9

810038242

DELHI SCHOOL OF ECONOMICS

Department of Economics

University of Delhi, Delhi‐110007

011‐27008100

dept@econdse.org

"After all there are many universities, but only one Delhi School of Economics."

- PROF. VKRV RAOFounder Director

Delhi School of Economics