Faculty & Research

Economics

About Economics Area

The Economics Area of IIMA is a vibrant centre of research and teaching on diverse topics spanning the worlds of theory and practice using cutting-edge research methods. It has had a distinguished history with a former faculty member (C Rangarajan) serving as the Governor of the Reserve Bank of India and faculty being involved in monetary policy and advisory committees. Several former PGP/MBA students from IIMA have gone on to make important contributions in the world of Economics, such as Sanjeev Goyal, Raghuram Rajan, and Arvind Subramanian. In recent years, the Area has grown in strength to study and teach more fields outside its traditional focus on macroeconomics, including subjects rarely covered in India such as behavioural economics, economics of networks and economic history.

The faculty of the Economics Area do consulting projects for various stakeholders, serve on government committees in various capacities, do theoretical and empirical research and above all, are passionate about teaching.

List of Courses

The Economics Area Faculty offer the following courses in various programme.

Ph.D. Compulsory Courses

  1. Mathematics for Economists

  2. Microeconomics – I

  3. Microeconomics – II

  4. Macroeconomics – I

  5. Macroeconomics – II

  6. Econometrics-I

 

Ph.D. Elective Courses

  1. Organizational Economics (OE)

  2. Time Series Analysis (TSA)

  3. Data Envelopment Analysis (DEA)

  4. Econometrics II

  5. Industrial Organisation Theory (IOT)

  6. Applied Financial Economics (AFE)

  7. Foundations of New Institutional Economics (FNIE) (with CMA)

  8. Decentralization and Public Policy (DPP)

  9. Economics Of Strategy (EOS)

  10. Global Business And Economic History (GBEH)

  11. Applied Game Theory (AGT)

  12. Computational Economics (CMM)

  13. Economics of Development (ED)

MBA Compulsory Courses

  1. Microeconomics (ME)

  2. Macroeconomics (MEP)

MBA Electives

  1. Economics of Organization (EOO)

  2. Monetary Theory and Policy (MTP)

  3. Behavioral and Experimental Economics (BEE)

  4. Global Finance and Trade (GFT)

  5. Managerial Econometrics (MEM)

  6. Hitchhiker’s Guide to Business and Economies Across Five Centuries (HITCH)

  7. Game Theory and Applications (GTA)

  8. Gender and Work (GAW)

  9. Economic Environment and Policy in India (EEPI)

  10. Indian Economy and Society Today (IEST)

  11. Inequality and Economic Policies (IEP)

  12. Emerging Market Monetary Theory and Finance (EMMPF)

  13. Urban Economy and Business Environment (Urban) (UEBE)

  14. Economic Ideas from Ancient India (EIAI)

  15. Health Economics (HE)

  16. Economics of Food Quality (EFQ)

  17. Auctions and Market Design (AMD)

  18. Economic Development Policy and Growth (EDPG)

  19. World Economy: Business, Government and Policy (WEBGP)

PGPX Compulsory Courses

  1. Firms and Markets (FAM)

  2. Open Economy Macroeconomics (OEM)

 

PGPX Electives

  1. Indian Economy in Comparative Perspective (IECP)

  2. Infrastructure Development and Public Private Partnership (Joint with PSG) (IDPPP)

  3. Game Theory and Experiments (GTE)

  4. Global Finance and Trade (GFT)

  5. Hitchhiker’s Guide to Business and Economies Across Five Centuries (HITCH)

  6. Health Economics (HE)

  7. Business, Government and Macro Policy (BGMP)

  1. Business, Government and Macro Policy (BGMP)
  2. Indian Economy and Society (IES)
  1. Network Analysis (NA)

  2. Time Series Analysis (TSA)

  3. Panel Data Analysis (PDA)

Message from the Area Chairperson

Doctoral Students

View all

Ph.D. at IIMA

The Ph.D. Programme in Management seeks candidates with outstanding academic credentials, intellectual curiosity and discipline needed to make scholarly contribution to society. It provides a diverse set of opportunities for interdisciplinary learning and research The student becomes part of one of the eleven functional/sectoral areas and acquires the super specialized theoretical knowledge and practical aspects of the area.

Research

IIM-A Economics Area faculty conduct research in the following broad areas:

  • Agricultural economics

  • Applied game theory

  • Applied macroeconomics

  • Applied microeconomics

  • Balance of payments

  • Banking

  • Behavioural economics

  • Business & economic history

  • Capital markets

  • Competition

  • Determinants of enterprise level capabilities

  • Development economics

  • Experimental economics

  • Export behavior and performance of firms

  • Financial economics

  • Firm level responses to policy initiatives

  • Fiscal policy at national and state levels

  • Foreign direct investment

  • Foreign exchange management

  • Game theory

  • Gender discrimination

  • Gender economics

  • Health economics

  • Industrial organization

  • Infrastructure

  • Intellectual property rights

  • International finance

  • International macroeconomics

  • International trade

  • Labour economics

  • Mathematical economics

  • Mechanism design

  • Micro, small, and medium enterprises

  • Migration

  • Monetary policy in India

  • Network theory

  • Pharmaceuticals - business strategy and policy

  • Privatization

  • Public finance/Public economics

  • Public policy

  • Regional disparities in growth patterns

  • Regional science

  • Regulation

  • Research & development

  • Sources of economic growth in India

  • State owned enterprises

  • Taxation and deficit financing

  • Technology

  • Urban economics

Seminars (2014 onwards)

View all
Speaker Topic Date

Girija Borker
World Bank

Sexual harassment in public spaces and police patrolling: Experimental evidence from Urban India March 23, 2023
Sandip Sukhtankar
University of Virginia
Cash transfers for child development: Experimental evidence from India February 15, 2023

Chinmaya Kumar
University of Chicago

Complaint Resolution Systems: Experimental Evidence from Rural India February 14, 2023

Rupika Khanna
Indian Institute of Management
Rohtak

Testing the effect of investments in IT and R&D on labour productivity: New method and evidence for Indian firms February 09, 2023
Abhijeet Singh
Stockholm School of Economics
Learning loss and recovery: Panel data evidence from India October 17, 2022
Akhil Ilango
Universität Pompeu Fabra
Sponsored Search: Theory and Evidence on How Platforms Exacerbate Product Market Concentration September 23, 2022
Anuvinda P.
Jawaharlal Nehru University
The effect of own and recipient economic status on the dictator game giving of adolescents: Experimental evidence from India August 29, 2022

Conferences & Workshops

Economics Area faculty are active in organizing conferences and workshops on topical themes at the frontier of research and policy.

"Behavioral Research in Economics Workshop" on December 16-17, 2019 and on December 2-3, 2020 (online) at IIM Ahmedabad.

"Working Conference on Authority, Organisation, Strategies and Politics of Relatedness" on April 23-29, 2020 at Clarks Amer, Jaipur.

"Network Science in Economics and Finance" on December 8-10, 2019 at IIM Ahmedabad.

"International Conference on Indian Business & Economic History in Memory of Prof. Dwijendra Tripathi" on August 29-31 2019 at IIM Ahmedabad.

"Financial Distress, Bankruptcy and Corporate Finance" on August 9-10 2019 at IIM Ahmedabad.

Faculty Research

Mohapatra, S., & Nigania, A. (2024). COVID-19 pandemic intensity, migration status, and household financial vulnerability: evidence from India. Applied Economics.

Chakrabarti, A. S., Mishra, A., & Mohaghegh, M. (2024). Inequality and income mobility: The case of targeted and universal interventions in India. The Journal of Economic Inequality.

  • Tumbe, Chinmay, 'Migration and Industry: Entrepreneurship, Innovation, Diaspora Networks', in Matthias Kipping, Takafumi Kurosawa, and D. Eleanor Westney (eds), The Oxford Handbook of Industry Dynamics (online edn, Oxford Academic, 13 Oct. 2021), accessed 27 Oct. 2023.

  • Gopalakrishnan, B., Lim, J. J., & Mohapatra, S. (2023). Pandemic panic? Effects of health system capacity on firm confidence during COVID-19. European Journal of Political Economy. 

  • Tumbe, C. (2023). The economic history of pandemics. In C. Chatterjee, A. S. Chakrabarti, & A. Deolalikar (Eds.) Flattening the curve: COVID-19 & grand challenges for global health, innovation, and economy. Singapore: World Scientific. 

  • Langer, N. and T. Jain (2023) Peer influence and IT career choice, Information Systems Research.

  • Chakrabarti, A. S., Bakar, K. S., & Chakraborti, A. (2023). Data science for complex systems. United Kingdom: Cambridge University Press.

  • Chatterjee, C., Chakrabarti, A. S., & Deolalikar, A. B. (Eds.). (2023). Flattening the curve: COVID-19 & grand challenges for global health, innovation, and economy. Singapore:World Scientific.  

  • Aggarwal, M., Chakrabarti, A. S., & Chatterjee, C. (2023). Movies, stigma and choice: Evidence from the pharmaceutical industry. Health Economics 

  • Chakraborty, P., Chakrabarti, A. S., & Chatterjee, C. (2023). Cross-border environmental regulation and firm labor demand. Journal of Environmental Economics and Management, 117, 102753 

  • Beyer, R. C., Jain, T., & Sinha, S. (2023). Lights out? COVID-19 containment policies and economic activity. Journal of Asian Economics. 

  • Jain, S., Desai, N., Pingali, V., & Tripathy, A. (2023). Choosing beyond compliance over dormancy: Corporate response to India's mandatory CSR Expenditure Law. Management and Organization Review. 

  • Dev, P., Unni, J., & Vijayalakshmi, A. (2023). Employment and Income Shock During COVID-19 Lockdown in a Metropolitan city in India. The Indian Economic Journal, 00194662221137837. 

  • Milap, A., & Sarin, A. (2022). Evaluating the efficacy of demand-side communication interventions on claiming rights: Evidence from an action research field experiment in India. Human Communication Research, 49(1), 85–103

  • Branstetter, L., Chatterjee, C., & Higgins, M. J. (2022). Generic competition and the incentives for early-stage pharmaceutical innovation. Research Policy, 51(10). 

  • Aggarwal, M., Chakrabarti, A., Chatterjee, C., & Higgins, M. J. (2022). Research and Market Structure: Evidence from antibiotic-resistant Pathogenic Outbreak .Research Policy. 

  • Adbi, A., Chatterjee, C., & Mishra, A. (2022). How do MNEs and domestic firms respond locally to a global demand shock? Evidence from a pandemic. Management Science. 

  • Deodhar, S. (2022). Pre-Kautilyan period: Crucible of proto-economic ideas and practices. Annals of the Bhandarkar Oriental Research Institute. 

  • Deodhar, S. (2022). ShukraNitisara: A political economy treatise at the cusp of Indian kingdoms and colonial rule. Indian Journal of Democratic Governance , 3(1), 18-35. 

  • Dhar, D., Jain, T., & Jayachandran, S. (2022). Reshaping adolescents' gender attitudes: Evidence from a school-based experiment in India. American Economic Review , 112(3), 899-927 

  • Bose, G., Jain, T., & Walker, S. (2022). Women’s labor force participation and household technology adoption, European Economic Review. 

  • Tumbe, C. (2022). Women directors in corporate India, c. 1920–2019. Business History 

  • Tumbe, C. (2022). Globalization, Cities and Firms in Twentieth-Century India. Business History Review.  

  • Vijayalakshmi, A., Dev, P., & Kulkarni, V. (2022). Domestic workers and sexual harassment in India: Examining preferred response strategies. World Development,155 

  • Jha, P., Deshmukh, Y., Tumbe, C., Suraweera, W., Bhowmick, A., Sharma, S., Novosad, P.,Fu SH, Newcombe, L., Gelband, H., & Brown P. (2022). COVID mortality in India: National survey data and health facility deaths. Science. 

  • Rampal, J. (2022). Limited foresight equilibrium. Games and Economic Behavior. 

  • Chakrabarti, A., & Chakrabarti, A. S. (2022). Sparsistent filtering of comovement networks from high-dimensional data. Journal of Computational Science, 65, 101902 

  • Jain, T., Dhar, D., Kapoor, V., Kapur, V., & Raj, A. (2022). Measuring gender attitudes: Developing and testing Implicit Association Tests for adolescents in India. Plos one, 17(6), e0264077. 

  • Gopalakrishnan, B., Jacob, J., & Mohapatra, S. (2022). COVID-19 pandemic and debt financing by firms: Unravelling the channels. Economic Modelling, 114, 105929. 

  • Babbar, K., Rustagi, N., & Dev, P. (2022). How COVID‐19 lockdown has impacted the sanitary pads distribution among adolescent girls and women in India. Journal of Social Issues. 

  • Gangadharan, L., Jain, T., Maitra, P., & Vecci, J. (2021). Lab-in-the-field experiments: Perspectives from research on gender. Japanese Economic Review. 

  • Jain, T., Mukhopadhyay, A., Prakash, N., & Rakesh, R. (2021). Science education and labor market outcomes in a developing economy. Economic Inquiry. 

  • Bhattacharya, S. Chakraborty, P., & Chatterjee, C. (2021). Intellectual Property Regimes and Wage Inequality, Journal of Development Economics. 

  • Mohapatra, S. & Purohit, A. (2021). The implications of economic uncertainty for bank loan portfolios. Applied Economics. 

  • Guha, P., Bansal, A., Guha, A., & Chakrabarti, A. (2021). Gravity and depth of social media networks. Journal of Complex Networks, 9(2). 

  • Rathi, S., Mohapatra, S. , & Sahay, A. (2021). Central bank gold reserves and sovereign credit risk. Finance Research Letters. 

  • Peck, J., & Rampal, J. (2021). Optimal monopoly mechanisms with demand uncertainty. Mathematics of Operations Research. 

  • Gopalakrishnan, B., Jacob, J., & Mohapatra, S. (2021). Risk-sensitive Basel regulations and firms’ access to credit: Direct and indirect effects. Journal of Banking & Finance, 126. 

  • Adbi, A., Chatterjee, C., Cortland, Clarissa., Kinias, Z.,& Singh, J. (2021). Women’s Disempowerment and Preferences for Skin Lightening Products that Reinforce Colorism: Experimental Evidence from India. Psychology of Women Quarterly. 

  • Bhaskarabhatla, A. Anurag, P., Chatterjee, C.,& Pennings, E. (2021). How Does Regulation Impact Strategic Repositioning By Firms Across Submarkets? Evidence from the Indian Pharmaceutical Industry. Strategy Science. 

  • Higgins, M.J., Yan, X., & Chatterjee, C. (2021). Unpacking the effects of adverse regulatory events: Evidence from pharmaceutical relabeling. Research Policy, 50 (1). 

  • Saiyed, A. A., Fernhaber, S. A., Basant, R., & Dhandapani, K. (2021). The internationalization of new ventures in an emerging economy: The shifting role of industry concentration. Asia Pacific Journal of Management, 38, 1467-1497. 

  • Jain, T., & Jain, B. N. (2021). Infection Testing at Scale: An Examination of Pooled Testing Diagnostics. Vikalpa, 46(1), 13-26. 

  • Chakrabarti, A. S., Mishra, A., & Srivastava, P. (2021). ‘Too central to fail’ firms in bi-layered financial networks: linkages in the US corporate bond and stock markets. Quantitative Finance. 

  • De, S., Mohapatra, S., & Ratha, D. (2021). Sovereign credit ratings, relative risk ratings and private capital flows: evidence from emerging and frontier markets. Studies in Economics and Finance, 38(4), 873-898. 

  • Kumar, S., Bansal, A., & Chakrabarti, A. (2020). Ripples on financial networks. The European Journal of Finance, 1-22. 

  • Gopalakrishnan, B., & Mohapatra, S. (2020). Insolvency regimes and firms' default risk under economic uncertainty and shocks. Economic Modelling, 91. 

  • Kumar, S., Di Matteo, T., & Chakrabarti, A. (2020). Disentangling shock diffusion on complex networks: Identification through graph planarity. Journal of Complex Networks, 8 (3). 

  • Mishra, K., & Rampal, J. (2020). The COVID-19 pandemic and food insecurity: A viewpoint on India. World Development,135. 

  • Banerji, A., & Rampal, J. (2020). Reverse endowment effect for a new product. American Journal of Agricultural Economics, 786-805. 

  • Tumbe, C. (2020). The rise of the technological manager in India in the 1960s: The role of the Indian institutes of management, Management & Organizational History, 192-206. 

  • Debnath, S., & Jain, T. (2020) Social connections and tertiary healthcare utilization. Health Economics, 29(4), 464-474. 

  • Aggarwal, M., Chakrabarti, A. S., & Dev, P. (2020). Breaking “bad” links: impact of companies act 2013 on the Indian Corporate Network. Social networks, 62, 12-23. 

  • Gopalakrishnan, B., & Mohapatra, S. (2020). The effects of reporting standards and information sharing on loan contracting: Cross-country evidence. Cogent Economics & Finance, 8(1), 1716920. 

  • Das, A. Bansal, A., & Ghosh, S. (2020). Financial misconduct, fear of prosecution and bank lending. Economic and Political Weekly, 54-61. 

  • Deo, S., Tyagi, H., Chatterjee, C., & Molakapuri, H. (2020). Did India's price control policy for coronary stents create unintended consequences?. Social Science & Medicine, 246, 112737. 

  • Adbi, A., Bhaskarabhatla, A., & Chatterjee, C. (2020). Stakeholder orientation and market impact: Evidence from India. Journal of business ethics, 161, 479-496. 

  • Basant, R., & Sen, G. (2020). Quota-based affirmative action in higher education: Impact on other backward classes in India. The Journal of Development Studies, 56(2), 336-360. 

  • Dev, P., & Grabiszewski, K. (2019). More is not always better: The case of counterterrorism security. Journal of Conflict Resolution, 63(8), 1923-1938. 

  • Drèze, J., Gupta, P., Khera, R., & Pimenta, I. (2018). Casting the Net: India's Public Distribution System after the Food Security Act. Economic and Political Weekly, 54(6) 

  • Basant, R., & Mishra, P. (2019). Impact of Vertical Integration on Market Power in Indian Manufacturing Sector During the Post-Reform Period. Journal of Industry, Competition and Trade, 19, 561-581. 

  • Gupta, D., Das, A., & Garg, A. (2019). Financial support vis-à-vis share of wind generation: Is there an inflection point?. Energy, 181, 1064-1074. 

  • Das, A., Lahiri, K., & Zhao, Y. (2019). Inflation expectations in India: Learning from household tendency surveys. International Journal of Forecasting, 35(3), 980-993. 

  • Jaikumar, S., Pingali, V., & Virmani, V. (2019). Shareholders’ reaction to ethical image of sports teams: an event study in the Indian Premier League. Decision, 46, 283-300. 

  • Peck, J., & Rampal, J. (2019). Non-optimality of state by state monopoly pricing with demand uncertainty: An example. Economics Letters, 183, 108561. 

  • Chatterjee, C., Mohapatra, D. P., & Estay, M. (2019). From courts to markets: New evidence on enforcement of pharmaceutical bans in India. Social Science & Medicine, 237, 112480. 

  • Adbi, A., Chatterjee, C., Drev, M., & Mishra, A. (2019). When the big one came: A natural experiment on demand shock and market structure in India's influenza vaccine markets. Production and Operations Management, 28(4), 810-832. 

  • Tumbe, C. (2019). Corpus linguistics, newspaper archives and historical research methods. Journal of Management History. 

  • Basant R. (2018). Exploring linkages between industrial innovation and public policy: Challenges and opportunities.Vikalpa: The Journal of Decision Makers, 43(2), 61–76. 

  • Khera, R. (2018). The Aadhaar debate: Where are the sociologists? Contributions to Indian Sociology, 52(3), 336–342. 

  • Dev, P. (2018). Group identity in a network formation game with cost sharing. Journal of Public Economic Theory, 20(3), 390-415. 

  • Dev, P. (2018). Networks of information exchange: Are link formation decisions strategic? Economic letters, 162, 86-92. 

  • Tumbe, C., & Krishnakumar, S. (2018). From bazaar to Big Bazaar: Environmental influences and service innovation in the evolution of retailing in India, c. 1850-2015. Journal of Historical Research in Marketing. 

  • Tumbe, C., & Ralli, I. (2018). The four eras of “marketing” in twentieth century India. Journal of Historical Research in Marketing. 

  • Gopalakrishnan, B., & Mohapatra, S. (2018). Turning over a golden leaf? Global liquidity and emerging market central banks’ demand for gold after the financial crisis. Journal of International Financial Markets, Institutions and Money, 57, 94-109. 

  • Chakrabarti, A. S. (2018). Dispersion in macroeconomic volatility between the core and periphery of the international trade network. Journal of Economic Dynamics and Control, 88, 31-50. 

Faculty Recruitment

The Economics Area at IIM Ahmedabad is seeking faculty candidates at the Professor, Associate Professor, and Assistant Professor levels. Economics Area faculty conduct research, teach at the master’s and doctoral levels, provide policy advice to the government and international bodies, and engage in consulting for industry.

Applicants in all fields of Economics will be considered. We are particularly looking for applicants in Empirical Industrial Organization, Law and Economics, International Economics, Macroeconomics, Public Economics, and Labour Economics.

IIMA is an equal opportunity employer. Women, non-Indian nationals, and those belonging to Scheduled Castes, Scheduled Tribes, and Other Backward Classes are encouraged to apply.

Applications can be made throughout the year and would be evaluated by the Area every month.

Faculty candidates for the Economics Area should apply through the IIMA Faculty Recruitment webpage with a complete application package.

Dealing with Covid-19

 Articles and Interviews by IIMA Economics Faculty

Anindya Chakrabarti

Arvind Sahay

Pritha Dev

Show More

SEMINAR DEMO

View all
Speaker Topic Date

Girija Borker
World Bank

Sexual harassment in public spaces and police patrolling: Experimental evidence from Urban India March 23, 2023
Sandip Sukhtankar
University of Virginia
Cash transfers for child development: Experimental evidence from India February 15, 2023

Chinmaya Kumar
University of Chicago

Complaint Resolution Systems: Experimental Evidence from Rural India February 14, 2023

Rupika Khanna
Indian Institute of Management
Rohtak

Testing the effect of investments in IT and R&D on labour productivity: New method and evidence for Indian firms February 09, 2023
Abhijeet Singh
Stockholm School of Economics
Learning loss and recovery: Panel data evidence from India October 17, 2022
Akhil Ilango
Universität Pompeu Fabra
Sponsored Search: Theory and Evidence on How Platforms Exacerbate Product Market Concentration September 23, 2022
Anuvinda P.
Jawaharlal Nehru University
The effect of own and recipient economic status on the dictator game giving of adolescents: Experimental evidence from India August 29, 2022

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