Department of Economics
Among the faculty at the department of economics have been the likes of V.K.R.V. Rao, B.N. Ganguly and K.N. Raj (all three of whom went on to serve as vice-chancellors at the University of Delhi), Amartya Sen (who won the Nobel Prize), Manmohan Singh (the current Indian Prime Minister and also the key architect of the economic reforms since 1991), Sukhomoy Chakravarty (who was chief economic advisor), Jagdish Bhagwati, Kaushik Basu, Arjun Kumar Sengupta, Partha Sen, Raj Krishna, the economic historian Tapan Raychaudhuri and many others who have excelled professionally.
The department has been associated with three important journals over the years. It publishes the Indian Economic Review, several faculty members edit the Indian Economic and Social History Review, and for many years it housed the Journal of Quantitative Economics.
The seminars, conferences and workshops periodically organized by the department have attracted some of the highest quality academics from the world over. These have included Sir John and Lady Ursula Hicks, Edmond Malinvaud, Frank Hahn, Jacques Drèze, Jean Drèze, James Tobin, James Meade, Joan Robinson, Milton Friedman, Michael Kalecki, Nicholas Kaldor, Tibor Scitovsky, Tjalling Koopmans, Lawrence Klein, Agnar Sandmo, Joseph Stiglitz, John Forbes Nash and Eric Maskin.
The department boasts a state-of-the-art computer centre. All students receive compulsory training in the application of computers for data analysis and economic modelling. The centre has 70 computers, equipped with specialized econometrics packages like SHAZAM, E-Views, SPSS, RATS, LIMDEP, GAUSS, STATA etc., and subscribes to databases such as Prowess (pertaining to companies), Capex (relating to infrastructure projects), Trade (containing export and import data) and EconLit (pertaining to publications in economics). Students are provided internet access and e-mail accounts.
Complementing the other resources is the Ratan Tata Library, considered a premier library for economics in the country. It has a total collection of over 300,000 books, subscribes to some 500 journals, annual reports of 800 joint-stock companies, and numerous publications of the UN and other international agencies.
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