Faculty & Research


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

Ph.D. Compulsory Courses

  1. Mathematics for Economics

  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. Applied Financial Economics (AFE)

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

  7. Global Business and Economic History (GBEH)

  8. Advanced Econometrics

  9. Social Networks Social Interactions

  10. Difference-in-Differences (DID)

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. Real Estate Management (REM)

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

  13. Economic Ideas from Ancient India (EIAI)

  14. Health Economics (HE)

  15. Economics of Food Quality (EFQ)

  16. Auctions and Market Design (AMD)

  17. Economic Development Policy and Growth (EDPG)

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

  19. Labour Markets in Developing Countries (LMDC)

PGPX Compulsory Courses

  1. Firms and Markets (FAM)

  2. Open Economy Macroeconomics (OEM)


PGPX Electives

  1. Indian Economy in Comparative Perspective (IECP)

  2. Game Theory and Experiments (GTE)

  3. Global Finance and Trade (GFT)

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

  5. Health Economics (HE)

  6. Economic Ideas from Ancient India (EIAI)

  7. Business, Government and Macro Policy (BGMP)

  1. Business, Government and Macro Policy (BGMP)
  2. Indian Economy and Society (IES)
  3. Future of Work and its Markets (FWIM)
  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.


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)

Speaker Topic Date
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

Testing the effect of investments in IT and R&D on labour productivity: New method and evidence for Indian firms February 09, 2023
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
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
Anujit Chakraborty
University of California
Future Self-proof Elicitation Mechanisms August 25, 2022
Aditya Kuvalekar
University of Essex
The Wrong kind of Information July 04, 2022
Shan Aman-Rana
University of Virginia
Verify Now, Save Later? Advance Screening to Mitigate Fraud
April 20, 2022
Rohan Ravindra Gudibande
Krea University
Reality, Rhetoric and Reporting of the Relationship between Immigration and Crime: Evidence from Geneva, Switzerland March 30, 2022
Ajinkya Keskar
Rice University
Matching on Height in India February 21, 2022
Nafisa Lohawala
University of Michigan
Roadblock or Accelerator? The Effect of Electric Vehicle Subsidy Elimination February 10, 2022
Anjali Priya Verma
University of Texas
Disruptive Interaction: Long-run Peer Effects of Disciplinary Schools February 04, 2022
Arkdev Ghosh
University of British Columbia
Religious Divisions and Production Technology: Experimental Evidence from India January 21, 2022
Vatsala Shreeti
Toulouse School of Economics
Explaining Smartphone Adoption in India December 29, 2021
Guo Xu
Haas School of Business, University of California, Berkeley
The Costs of Employment Segregation: Evidence from the Federal Government under Wilson October 20, 2021
Ritesh Jain
Institute of Economics, Academia Sinica
Rationalizable Implementation: An Iterative Characterization May 17, 2021
Anindya S. Chakrabarti
Indian Institute of Management, Ahmedabad
Financial comovement networks: Instability, centrality and ripples February 11, 2021
Sampreet Singh Goraya
Universitat Pompeu Fabra, Spain
The Rise of Intangible Capital and the Macroeconomic Implications January 18, 2021
Arpita Patnaik
University of Wisconsin–Madison
Pricing, Income and College Major Choice January 12, 2021
Tanmoy Majilla
Indian Institute of Management Ahmedabad
Who benefits from private schools in India December 28, 2020
Kaushalendra Kishore
Credit Insurance, Bailout and Systemic Risk November 17, 2020
Tarun Jain
Indian Institute of Management, Ahmedabad
Women's Labor Force Participation and Household Technology Adoption July 3, 2020
Prakash Loungani,
Sriram Balasubramanian,
Rishabh Kumar
University of Massachusetts Boston
Inequality dynamics amidst rapid growth: A post liberalization Indian perspective' June 18, 2020
Birendra Rai
Monash University
Becker, Stigler, and Me Too: The Role of Mutual Consent January 31, 2020
Sujata Visaria
Hong Kong University of Science and Technology
The Borrowing Puzzle: Why Do Filipino Domestic Workers in Hong Kong Borrow rather than Dissave? January 27, 2020
Abhishek Chakravarty
University of Manchester
Informed Citizens and Political Entry: Evidence from a Large Education Programme in India January 13, 2020
Nishith Prakash
University of Connecticut
Wheels of Change: Transforming Women's Lives with Education and Empowerment January 6, 2020
Anujit Chakraborty
U C Davis
Present Bias December 17, 2019
Sanjit Dhami
University of Leicester
Psychological and Social Motivations in Microfinance Contracts: Theory and Evidence December 13, 2019
Sudipta Sarangi
Virginia Tech
Are More Choices Better and Other Tales about Decision-making December 12, 2019
Santosh Kumar
Sam Houston State University
Birth Weight and Cognitive Development during Childhood: Evidence from India December 2, 2019
Sofia Amaral
The ifo Institute at the Ludwig-Maximilian University of Munich
Gender, Crime and Punishment: Evidence from Women Police Stations in India November 20, 2019
Bhaven Sampat
Columbia University
TRIPS, Patents, and Drug Prices in India November 14, 2019
Martin Kanz
World Bank
Moral Incentives in Credit Card Debt Repayment: Evidence from a Field Experiment September 12, 2019
Indrajit Thakurata
Indian Institute of Management Indore
The effect of financial market participation on consumption & human capital: a life-cycle optimization model August 28, 2019
Maitreesh Ghatak
London School of Economics
Why Do People Stay Poor? Testing for Poverty Traps using Experimental Evidence from a Randomized Capital Transfer Programme in Bangladesh? August 22, 2019
Arijit Mukherjee
Michigan State University
Rulebooks in Relational Contracts July 07, 2019
Sam Asher
World Bank
Intergenerational Mobility in India: New Estimates from Administrative Data March 5, 2019
Chetan Ghate
Indian Statistical Institute, Delhi
A Monetary Business Cycle Model for India February 28, 2019
Sugata Marjit
Centre for Studies in Social Sciences, Calcutta
Wealth Distribution, Pattern of Trade and Capital Flows- Role of Credit Market Imperfection January 21, 2019
Stephen Devadoss
Texas Tech University
Major Determinants of World Agricultural Trade December 27, 2018
Deepal Basak
Indian School of Business
Diffusing Coordination Risk November 2, 2018
Massimo Warglien
Università Ca' Foscari, Venezia, Italy
Hierarchical decision-making produces persistent differences in learning performance November 2, 2018
T. Krishna Kumar
Rockville Analytics, US
Poverty Index with Time-Varying Consumption and Income Distributions November 1, 2018
Shekhar Tomar
Do Price Deficiency Payments scheme work? Evidence from the Indian agricultural market September 24, 2018
Tarun Jain
Indian School of Business
Social Connections And Public Healthcare Utilization September 3, 2018
Saurav Bhattacharya
Royal Holloway University of London, UK
Condorcet Jury Theorem in a Spatial Model of Elections August 20, 2018
Madhu Kalimipalli
Wilfrid Laurier University, Canada
Evaluating the Impact of Post-Crisis Growth in Emerging Market Corporate Debt August 17, 2018
Anujit Chakraborty
University of California, Davis, US
Cooperation in Finitely Repeated Prisoner's Dilemma Games July 20,2018
Venkat Venkatasubramanian
Columbia University, US
How Much Income Inequality is Fair? Surprising insights from Statistical Mechanics and Game Theory July 11, 2018
P V. Viswanath
Pace University, US
Asset markets, the Agency problem and Gifts to the Early Medieval Buddhist Sangha in India June 21, 2018
Samarth Gupta
NCAER, Delhi
What Do Good Managers Do? Evidence from an Insurance Firm in India June 14, 2018
Punarjit Roychowdhury
Shiv Nadar University
Partial Identification Of Economic Mobility: With An Application To The United States April 17, 2018
Chirantan Chatterjee
Indian School of Business
When The Big One Came: A Natural Experiment On Demand Shocks And Market Structure In India's Influenza Vaccine Markets April 10, 2018
Rajiv Banker
Fox School of Business and Management, Temple University, US
Cost Management Research February 14, 2018
Ritesh Jain
Ohio State University, US
Rationalizable Implementation of Social Choice Correspondences January 31, 2018
Kiriti Kanjilal
Washington State University, US
Common Pool Resources with Endogenous Equity Shares January 15, 2018
Anil Kumar Bera
University of Illinois, US
Spatial Analysis: A Helicopter Tour January 12, 2018
Subhash C. Ray
University of Connecticut, US
Economic Measures of Capacity Utilisation: A nonparametric cost function Analysis January 4, 2018
Markus Brueckner
Australian National University, Australia
Inequality and Economic Growth: The Role of Initial Income December 15, 2017
Reetika Khera
IIT Delhi
Intergenerational effects of women's status: Evidence from joint Indian households November 29, 2017
Atanu Sinha
Adobe Bangalore
Online Infomediary for One-of-a-Kind Services November 10, 2017
S. P. Kothari
Sloan School of Management, MIT
High Non-GAAP Earnings Predict Abnormally High CEO Pay November 9, 2017
Arun Kumar
Institute of Social Sciences, New Delhi.
Demonetization 2016 and Black Economy November 7, 2017
Kaushal Kishore
IIM Rohtak
Dynamic Tax Competition, Home Bias and the gain from Non-preferential Taxation Regimes: A case for unilateral commitment October 27 2017
Apoorva Javadekar
Mutual Fund Flows and Fund's Strategic Behavior When Investors Are Inattentive September 4, 2017
Sitabhra Sinha
Institute of Mathematical Sciences, Chennai
Can we infer the "laws" of finance from big data? August 24, 2017
Bhaskar Dutta
Warwick and Ashoka University
The formation of partnerships in social networks August 17, 2017
Kanika Mahajan
Ashoka University
Why are fewer married women joining the work force in rural India? A decomposition analysis over two decades August 4, 2017
Pavel Chakraborty
Jawaharlal Nehru University
Intellectual Property Regimes, Technology Adoption and Organization of Firms July 26, 2017
Sushant Mallick
Queen Mary University of London
Is financial inclusion good for bank stability? International evidence July 24, 2017
Romar Correa
Mumbai University
Stock-Flow-Consistent Models and Institutional Variety July 18, 2017
Shawn Cole
Harvard Business School, US
The Promise & Pitfalls of ICT for Agriculture July 14, 2017
Vegard Iversen
University of Manchester
Revisiting the colonial origins of agricultural development in India: an update and research practice reflections January 11, 2017
Subhas C. Ray
University of Connecticut, USA
Selection of Inputs and Outputs in Data Envelopment Analysis January 9, 2017
Sanjeev Kumar
Yale University, USA
Does health influence risk preference? December 16, 2016
Ratul Lahkar
IIM Udaipur
Large Population Aggregative Potential Games December 8, 2016
Jamus Lim
Abu Dhabi Investment Authority
Learning from financial crises? November 15, 2016
Nirupama Kulkarni
Cafral, Reserve Bank of India
Homeownership and the American dream - an analysis of intergenerational mobility effects September 30, 2016
Vikram Pathania
University of Sussex, UK
High-Cost Debt and Borrower Reputation: Evidence from the U.K September 14, 2016
Shubha Ghosh
Syracuse University College of Law, USA
Licensing Intellectual Property and the Dissemination of Technology August 5, 2016
Viral Acharya
Stern School of Business, NYU, USA
Whatever it takes: the real effects of unconventional monetary policies August 4, 2016
N. R. Prabhala
University of Maryland, USA; CAFRAL, Mumbai
Do Programs Mandating Small Business Lending Disincentivize Growth? Evidence From a Policy Experiment July 4, 2016
Rakesh Basant
Indian Institute of Management, Ahmedabad
Exploring Linkages Between Innovation and Public Policy: Challenges and Opportunities June 29, 2016
Tridip Ray
Indian Statistical Institute, New Delhi
Public versus Private Provisioning: Role of Education and Political Participation June 28, 2016
Bipasha Maity
University of British Columbia , Vancouver, Canada
Consumption and Time-Use Effects of India's Employment Guarantee and Women's Participation June 27, 2016
Abhiman Das
Indian Institute of Management, Ahmedabad
The Transmission of Monetary Policy Within Banks:
Evidence from India
April 18, 2016
Vipul Mathur
Indian Institute of Management,  Bangalore
Optimal Monetary Policy and Equity Premium under Endogenous Asset Market Segmentation February 16, 2016
Chinmay Tumbe
Tata Institute of Social Sciences, Hyderabad
Urbanization and the Demographic Transition: Evidence from India's Demographic Divergence February 15, 2016
Swagata Bhattacharjee
University of Texas at Austin, USA
Contracting for Innovation under Ambiguity February 9, 2016
T.E.S. Raghavan
University of Illinois, Chicago, USA
Game Theory – The Mathematics for Conflict Resolution January 28, 2016
Sushanta Mallick
Queen Mary University of London, UK
Corporate debt restructruring, bank competition and satibility: evidence from creditors' perspective December 14, 2015
Ratnik Gandhi
Institute of Engineering and Technology, Ahmedabad University
Economics and Computation December 4, 2015
Victor Yakovenko
University of Maryland, Maryland, USA
Economic Inequality from Statistical Physics Point of View December 2, 2015
Chinmay Tumbe
Tata Institute of Social Science, Hyderabad
Missing Men, Migration and Labour Markets: Evidence from India December 2, 2015
Irena Vodenska
Boston University, Metropolitan College, USA
Complex network approach to understnading the relationship between social media, news and global financial market returns November 26, 2015
Aditi Bhattacharyya
Business College , Sam Houston State University in Texas, USA
A Generalized Stochastic Production Frontier Analysis of Technical Efficiency of Rice Farming: A Case Study from Assam, India July 20, 2015
Anindya S. Chakrabarti
Indian Institute of Management,  Ahmedabad
Economic Incentives Versus Institutional Frictions: Dynamics of Cross-Country Migration July 14, 2015
Lakshmi K. Raut
Social Security Administration, Washington DC, USA
Globalization, Quality and Inequity in Education and Economic Growth: Lessons for Indian from China February 12, 2015
Pritha Dev
Instituto Tecnologico Autonomo De Mexico, Mexico
Group Identity in a Network Formation Game with Cost Sharing January 22, 2015
Anindya S. Chakrabarti
Boston University, Boston, USA
Globalization of Volatility January 20, 2015
Mudit Kapoor
Indian School of Business, Hyderabad
Why So Few Women in Politics? Evidence from India December 4, 2014
Sebastian Morris
Indian Institute of Management, Ahmedabad
Issues in Water Rights, Institutional Design and Pricing that Need Resolution December 3, 2014
Ritwik Banerjee
Aarhus University, Denmark
Synopsis of "Corruption, Norm Violation and Decay in Social Capital July 21, 2014
Sanket Mohapatra
The World Bank, Washington DC, USA
Sovereign and Sub-Sovereign Credit Ratings: Re-Examining the Spillover Effect July 15, 2014
Ratul Lahkar
Ashoka University, Kundli
Aspiration, Learning and Social Change July 8, 2014
Vijay Modi
Columbia University, New York, USA
Can innovation help Entrepreneurs and enable service provision for the Poor? May 28, 2014
Tushi Baul
New York University,  Abu Dhabi, UAE
Does Unethical Behavior Affect Choice of Profession: Public Vs. Private? April 24, 2014
Ambrish Dongre
Centre for Policy Research, New Delhi
Impact of Private Tutoring on Learning Levels: Evidence from India March 7, 2014
Nachiket Mor Comprehensive Financial Services for Small Businesses and Low Income Households January 29, 2014

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

  • Aggarwal, M., Chakrabarti, A. S., Chatterjee, C., & Higgins, M. J. (2022). Research and market structure: Evidence from an antibiotic-resistant pathogenic outbreak. Research Policy, 52(1), 104633
  • Chakraborty, P., Chakrabarti, A. S., & Chatterjee, C. (2022). Cross-border environmental regulation and firm labor demand. Journal of Environmental Economics and Management, 117, 102753
  • Chakrabarti, A., & Chakrabarti, A. S. (2022). Sparsistent filtering of comovement networks from high-dimensional data. Journal of Computational Science, 65, 101902
  • Aggarwal, M., Chakrabarti, A. S., & Chatterjee, C. (2023) Movies, stigma and choice: Evidence from the pharmaceutical industry, Health Economics
  • Rampal, J., Ramesh, S., Golwala, J. (2023). Service platforms should aim to minimize disintermediation risk. Mint epaper.
  • Sen, G., Surana, M., and Basant, R. (2023) To What Extent Does the Fertility Rate Explain the Education Gap?. Population Research and Policy Review.
  • Beyer, RCM, Jain, T., and S. Sinha (2023) Lights out? COVID-19 containment policies and economic activity, Journal of Asian Economics

Secondary member- Research details

  • 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

Faculty news

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

Connect with Us