Academic Departments
Department of Economics
56A, B.T. Road , Kolkata – 700050, India
Phone: 091-033-2557-5082 / 2528-4066
Fax: 091-033-2528-4066

(Last updated: 17 June 2009)

Year of Establishment


Courses Offered

Course Minimum Qualification Number of Seats
M.A. / M.Sc B.A./B.Sc. (Hons. in Economics) In order of merit 220
M.Phil. 55% Marks in M.A. / M.Sc. 10
Ph.D. M.A. / M.Sc. Degree -

Syllabi of M.Sc. in Economics
(Click here)

Faculty Members

Name Specialisation E-mail
Ajit Choudhury Political Economy  
Kalyan Sanyal International Economics,
Development Economics
Soumen Sikdar Micro Economics,
Mathematical Economics
Sarmila Banerjee Quantitative Development Economics,
Quantitative Environmental Economics
Nita Mitra Economics of Planning,
Development Management,
Labour Economics,
Indian Economics
Ishita Mukhopadhyay Mathematical Economics,
Development Economics,
Gender Studies
Sankar Kumar Bhaumik Agricultural Economics,
Sarbajit Chaudhuri Agricultural Economics/ Development Economics, International Economics,
Labor Economics,
Micro Economics
Anjan Kr. Chakraborty Political Economy
Pabitra Giri Urban Economics, Econometrics
Mahalaya Chatterjee Urban Economics, Managerial Economics
Rabindranath Mukhopadhyay Economics of Education/Human Rights, Human Well-being, Development Economics, Labour Economics
Arijita Dutta Econometrics, Industrial Economics,
Economics of Health
Sukanta Bhattacharya Economic Theory,
Development Economics
Kumarjit Mandal Macroeconomics,
Monetary Economics,
Applied Econometrics
Sudakshina Gupta Urban Economics
Biswajit Roy Environmental Economics

Research Work

The Department has two Centers for Advanced Research
  1. SAP- DRS (2007) on Economics of Globalization and Sustainable Development
  2. Centre for Urban Economic Studies (1977)
Major thrust areas in which both theoretical and empirical Research activities are being actively pursued:

Urban Economics Environmental Economics Economics of the Informal Sector Trade and Development
Trade and Environment Agricultural Economics Gender Studies Economics of Child Labor
Political Economy Economics of Education Development Management

Academic Journal


Aims and scope : The Dept. of Economics, University of Calcutta has resumed the publication of its journal Arthaniti (Economics) from 2002. For the time being, Arthaniti is published as an annual international journal. Papers across the entire field of economics, including econometrics, economic history, and political economy will be considered for publication. Both theoretical and empirical manuscripts are equally welcomed. Manuscripts will be judged solely on the quality of their content. Arthaniti adopts a double-blind review process

Chairman: Soumyen Sikdar, E-mail:
Joint Editors: Sarbajit Chaudhuri, E-mail: Sankar Kumar Bhaumik, E-mail:
Associate Editors: Ishita Mukhopadhyay, Rabindranath Mukhopadhyay
Book Review Editors: Nita Mitra, Anjan Chakraborty
Editorial Secretary: Kanai Lal Basak

Asis Kumar Banerjee, Arup Mallik, Ajit Chaudhuri, Kalyan Sanyal, Sarmila Banerjee, Pabitra Kumar Giri,
Manash Ranjan Gupta, Sugata Marjit, Dipankar Coondoo, Abhirup Sarkar

Ronald W Jones, Timothy Besley, Sajal Lahiri, Partha Sen, Prasanta K. Pattanaik, Rabindra Nath Bhattacharya,
Prabuddha Nath Roy, Amiya K Bagchi, Dilip Mookherjee, Pasquale M Sgro, Debraj Ray, Hiron Kumar Banerjee,
David E A Giles, Bharat R Hazari, Hamid Beladi, Graciela Chichilnisky, Ira Gang, Shigemi Yabuuchi, Ulaganathan Sankar

Department of Economics
University of Calcutta
56A, B.T. Road , Kolkata 700 050, India.


Indian: Institutions: Rs. 300 (Annual)   Overseas: Institutions: US $ 40 (Annual)
  Rs. 750 (3 Years)     US $ 100 (3 Years)
Individuals: Rs. 150 (Annual)   Individuals: US $ 25 (Annual)
  Rs. 375 (3 Years)     US $ 60 (3 Years)
      Air Surcharge: US $ 5 (optional)

ARTHANITI (New Series)

Volume I, Nos. (1-2), 2002


Trade Sanctions and Child Labour with Endogenous Borrowing Constraint Sajal Lahiri, and Khalid Mir

Catastrophical Risk Graciela Chichilnisky

On Optimality and Competitive Equilibria in the Presence of Fuzzy Preferences S.C. Panda and Prasanta K. Pattanaik

Protection with Foreign-owned Capital in a Monopolistically Competitive Model Partha Sen

Rent Seeking in Hierarchical Firms G.S. Epstein and Ira N. Gang

Globalization, International Trade and Welfare Pasquale M. Sgro

The Mutuality of Private and Public Credit: The Rise and Decline of Public Credit Amiya Kumar Bagchi

Illegal Immigration, Informal Sector and Development Policies in a Dual Economy Shigemi Yabuuchi

Non-traded Sector and Wage Inequality in a Developing Economy Rajat Acharyya and Sugata Marjit

Foreign Investment, Economic Reforms and the Size of the Domestic Market Abhirup sarkar and Sukanta Bhattacharyay

ARTHANITI (New Series)

Volume II, Nos. (1-2), 2003

Deregulation, Ownership and Efficiency in Indian Banking Subal C. Kumbhakar and, Subrata Sarkar

Court Delays and the Defendant Behaviour: An Economic Analysis Andrew Torre and Bharat R Hazari

Frontier Production and Extreme Observations Manoranjan Pal, B. Ghosh and C. Neogi

On Rationalization of Nash and Subgame-Perfect Behaviour from Observed Outcomes Indrajit Ray and, Susan Snyder
• Foreign Market Entry and Host-Country Welfare: A Theoretical Analysis Arijit Mukherjee

Child Labour and Economic Development: A Theoretical Analysis Manash Ranjan Gupta

When Scrutiny Reduces Signaling Incentives Debabrata Datta and Jaideep Roy

Book Review:Development Hegemony: NGOs and the State in India, Sangeeta Kamat, Oxford University Press, India 2002.

ARTHANITI (New Series)

Volume III, Nos. (1-2), 2004

Infrastucture and Development Interlinkage in West Bengal : A VAR Analysis Rajarshi Majumdar and Dipa Mukherjee

Forms of Dualism: An Analysis of the Structure of India’s Unregistered Manufacturing Sector Based on the 56 th Round Results C.P. Chandrasekhar

Does Economic Development Cause Intra-Industry Trade? Sarmila Banerjee and Ranajoy Bhattacharyya

Manufacturing Sector Productivity in India across Phases of Liberalisation during 1981-97: A Study of Selected States Maniklal Adhikary
and Ritwik Mazumdar

The Prime Minister Rozgar Yojana (PMRY) Scheme: Recoveries- A Study of Selected Districts in Andhra Pradesh D. Chennappa

To Free Ride or Not to Free Ride? Role of Patterning and Feedback in the Public Good Game Ananish Chaudhuri, DeeDee Chen, Sara Graziano, Frances McIntire, Dawn Winkler

A Comment on Avoidance of Odd-eight quotes on Nasdaq Diganta Mukherjee

Book Review: Rotting From The Head, Salim Rashid (ed.), The University Press Limited, Dhaka, Bangladesh 2004.

ARTHANITI (New Series)

Volume IV, Nos. (1-2), 2005

PRSP as a development paradigm: A critique and the contours of an alternative C.P. Chandrasekhar

On revenue and bidders’ payoffs in procurement auctions with variable quantity Krishnendu Ghosh Dastidar

Joint ventures and foreign subsidiaries Prabal Roy Chowdhury

Doping in sport: An economic analysis Vijay Mohan, Mirabelle Ng and Bharat Hazari

Book Reviews


(New Series) Volume V, Nos. (1-2), 2006

How workers get poor because capitalists get rich: A general equilibrium model of labor supply, community, and the class distribution of
income Indraneel Dasgupta and Ravi Kanbur

On the incentives for cooperative and non-cooperative R&D in duopoly Tarun Kabiraj

Informal Enterprises: Reflections on Existing Hypotheses Vinod Anand

International trade and personal income distribution in developing countries: Some issues and concerns Ananya G. Dastidar

Dirtier trade for India ? The story of globalization Sudeshna Chattopadhyay

Monetary models of exchange rates and the random walk Gianluca Lagana and Pasquale M Sgro

ARTHANITI (New Series)

Volume VI, Nos. (1-2), 2007

The Employment Potential of Micro Enterprise Sector Vinod K. Anand

Welfare Gains (or Losses) to the Producers and Consumers in the Absence of Rationing: A Case Study in Burdwan District of West Bengal
Rajat Jyoti Sarkar , Kalyanbrata Bhattacharyya & Maniklal Adhikary

Some aspects of institutional credit – a study of rural West Bengal Susmita Chatterjee

Quantitative Economics and its Constraining Assumptions: The Way Out Vinod K. Anand

Non-Frontier Profit Function: An Application to Indian Agriculture Manabendu Chattopadhyay, Manoranjan Pal & Atanu Sengupta

ARTHANITI (New Series)

Volume VII, Nos. (1-2), 2008

Multiplicity of Equilibrium in Canonical and Non-Canonical Correlation Devices: An Example Indrajit Ray

Parental Education influencing Schooling and Child Labour Decision: Urban India in the New Millennium Diganta Mukherjee & Saswati Das

State Level Carbon Dioxide Emissions of India : 1980-2000 Tapas Ghoshal & Ranajoy Bhattacharyya

Teeming Millions in India : Certain Vital Issues Vinod K. Anand

Capability Based Approach And India’s Poverty Subrata Majumder