It is very important to discuss about the financial matters of a country when discussing about its growth and development. Many scholars studied and examined the economics of a country and its functioning and framed many rules according to the development of the country. There comes in this stream, “The Delhi School of Economics”, an Economic Society which is very famous for the study of economics status of a country and the reason for its origin is the views of Jawaharlal Nehru and many great economists of the country in those times. The Delhi School of Economics consists of the sections like the geography, economics and sociology and it is established in the year 1949 and the main aim of this institution is to frame this as one of the world’s greatest Economic School.
The economics department in Delhi school of Economics got the Center of Advanced Study level which is given by UGC. This recognition is given for providing the facilities for the research program in the economic field. This school is offering M.A, M.Phil and PhD for the economics subject. This department is taking control in designing the magazines which are framed by the institution. The faculties are busy in designing the three magazines called Indian Economic Review, Indian Economic and Social History Review and Journal of Quantitative Economics. There is an advanced computer center in this school and the institution made it mandatory to give training for the students in Data Analysis and Computer Modeling in this computer center. Besides these facilities there are even special econometric packages and another specialty of this school is it had Ratan Tata library with lakhs of books and 500 above regular journals, economic books and many editions are there in this huge library.
Recruitments are there for this school where big companies recruit the graduates from this institution and provide them a sound career. The companies like GE Capital, FICCI, CII, Mackens, HDFC, Reliance, Nestle India, HSBC, ABN Aamra and many more recruit the graduates from this school of Economics every year. The notification of this school is released in the month of May every year and the candidate must have at least 50% of marks in Economics B.A Honors to do PG courses in this school. If it is in the case of graduation, 55% of marks must be there in the selective papers besides economics and if it is PG or B.A honors with other subjects, must have 60% of marks to get admission in this institution. The candidates are selected based on the written test which is conducted for three hours and the test is been conducted in the month of June. This is called as the admission and scholarship test which is of two types. The students who secured good score in the under graduate level with economics and commerce as the subjects have to attend for the 1st test and the students who secured good score in the under graduate level with other subjects other than economics, mathematics and physics have to attend for the 2nd test. If the candidate is perfect with the topics like basic Concepts and Tools of Economic Analysis, Basic Tools of Calculus, Statistics, Linear Algebra and Current Problems of Indian Economy can secure good score in the test.
Books for Reference:
Micro Economics by Koutsoyiannis
Fundamental Methods of Mathematics Economics by A.C Chiang
Macro Economics by Shapiro and Levacic
Public Finance by Musgrave
Linear Transformation and Matrices by D.T Finkbeiner
Money and Banking by S.B Gupta
Linear Algebra by Hoffman and Kunze
International Trade by H.G Mannur and Bo Sodeston
Indian Economy by Uma and Kapila
Growth and Development by Sen Gupta.