An Economics Professor is an educator and researcher specializing in the field of economics. They teach economic principles, theories, and models to students at universities and colleges. Beyond teaching, they conduct research, publish scholarly articles, and contribute to the understanding of economic phenomena. In India, economics professors play a crucial role in shaping the next generation of economists and contributing to economic policy discussions.

• Key Responsibilities:

  • Lecturing and teaching undergraduate and graduate courses.
  • Developing and updating curriculum.
  • Conducting original research and publishing findings.
  • Mentoring students and guiding their research.
  • Participating in departmental and university committees.
  • Presenting research at conferences and seminars.

• Essential Skills:

  • Strong analytical and problem-solving abilities.
  • Excellent communication and presentation skills.
  • Deep understanding of economic theories and models.
  • Proficiency in statistical and econometric software.
  • Ability to conduct independent research.

• Typical Day: A typical day might involve preparing lectures, teaching classes, meeting with students, working on research projects, and attending faculty meetings. The balance between these activities can vary depending on the professor's seniority and the demands of their institution.

An Economics Professor's role extends beyond simply teaching economics. They are involved in a variety of activities that contribute to the academic community and the broader understanding of economic issues. Their responsibilities include:

• Teaching: Delivering lectures, leading discussions, and assessing student learning through exams, assignments, and projects. They often teach courses in microeconomics, macroeconomics, econometrics, and specialized fields like development economics or international trade.
• Research: Conducting original research on economic topics, analyzing data, and publishing findings in academic journals and books. This research contributes to the advancement of economic knowledge and can inform policy decisions.
• Mentoring: Guiding and advising students on their academic and career paths. This includes supervising undergraduate and graduate research projects, providing career counseling, and writing letters of recommendation.
• Service: Participating in departmental and university committees, contributing to curriculum development, and engaging in outreach activities to promote economic literacy in the community.
• Staying Current: Keeping up-to-date with the latest developments in economics by reading academic journals, attending conferences, and engaging in professional development activities.

In the Indian context, economics professors often contribute to policy debates and provide expert advice to government agencies and organizations.

Becoming an Economics Professor in India requires a significant investment in education and research. Here's a step-by-step guide:

1. Bachelor's Degree: Obtain a Bachelor's degree in Economics or a related field like Mathematics or Statistics. A strong foundation in quantitative methods is essential.
2. Master's Degree: Pursue a Master's degree in Economics from a reputable university. This program will provide advanced training in economic theory and research methods.
3. NET/SET Exam: Qualify the National Eligibility Test (NET) or State Eligibility Test (SET) conducted by UGC. Clearing this exam is often a prerequisite for lectureship positions in Indian universities and colleges.
4. Ph.D.: Earn a Ph.D. in Economics. This involves conducting original research and writing a dissertation that makes a significant contribution to the field. A Ph.D. is typically required for professorship positions.
5. Postdoctoral Research (Optional): Consider pursuing postdoctoral research to gain further experience and enhance your research profile.
6. Apply for Positions: Look for open positions at universities and colleges. The application process typically involves submitting a CV, research statement, and letters of recommendation.

7. Interview: If shortlisted, you will be invited for an interview. This may involve presenting your research and teaching a sample class.

8. Key Considerations:

   • Research Focus: Develop a strong research agenda and publish in reputable journals.
   • Networking: Attend conferences and build relationships with other economists.
   • Teaching Experience: Gain teaching experience through teaching assistantships or adjunct positions.
   • Stay Updated: Keep abreast of the latest developments in economics and pedagogy.

The history of economics professorship in India is intertwined with the development of economic thought and education in the country. Initially, economics was often taught as part of broader disciplines like political economy or philosophy. Over time, as the field of economics became more specialized, dedicated economics departments and professorships emerged.

• Early Years: In the early 20th century, pioneering economists like Dadabhai Naoroji and M.G. Ranade laid the foundation for economic analysis in India. Institutions like the Gokhale Institute of Politics and Economics played a crucial role in promoting economic research and education.
• Post-Independence Era: After India's independence, there was a significant expansion of higher education, leading to the establishment of numerous universities and colleges with economics departments. Prominent economists like V.K.R.V. Rao and P.C. Mahalanobis contributed to the development of economic planning and policy in India.
• Liberalization and Globalization: The economic reforms of the 1990s brought about significant changes in the Indian economy and the role of economics professors. There was increased emphasis on quantitative methods, international economics, and market-oriented policies.

• Present Day: Today, economics professorship in India is a vibrant and dynamic field. Indian economists are making significant contributions to global economic research and policy debates. There is also growing emphasis on interdisciplinary research and the application of economics to address social and environmental challenges.

• Key Milestones:

  • Establishment of the Indian Economic Association in 1917.
  • Growth of economics departments in universities and colleges across India.
  • Increased focus on research and publication in international journals.
  • Integration of technology and data analytics in economic education.