Here are a quick list of frequently asked questions about a postgraduate degree in Economics.
Why study Postgraduate Economics?
A globalised workplace is opening up many opportunities in the corporate world which require a thorough background in economics & finance. Today’s jobs require the ability to work with & analyse large datasets, understand the implications of policy changes on an economy, industry, or firm and be proficient with concepts in finance. In addition, critical thinking and strong reading & writing skills are essential for success.
Meghnad Desai Academy of Economics is offering a full time one year Postgraduate Program in Economics, jointly with the Department of Economics (Autonomous), Mumbai University. Students will get an opportunity to specialise in any one of the following three areas – Data Analytics, Finance or Public Policy.
Who has designed the curriculum?
The course has been developed under the supervision of the Chairman Lord Meghnad Desai, (Professor Emeritus, LSE) and by renowned economists & financial professionals – Dr. Ajit Ranade (Chief Economist, Birla Group), Dr. Tushar Poddar (Chief India Economist & MD, Goldman Sachs) & Mr. Niranjan Rajadhyaksha (Executive Editor, Mint).
Tell us about the Program.
The Course begins in July 2016 with a five week Foundation Course, which serves as a bridge course in Mathematics/Econometrics and Intermediate Economics.
In Semester 1, students study three courses – Applied Microeconomics, Advanced Macroeconomics and Econometrics in Business . These courses equip students with the necessary framework to analyze problems in the real world.
In Semester 2, students are offered electives in 3 areas – Finance, Public Policy and Data Analytics. Students can elect 4 electives and choose to specialise in any one area. You can visit this link to know more.
Does the Academy offer any short term programs?
We have recently launched a summer program in Mathematics and Statistics for undergraduate students. The program will begin on 25th April and end on 31st May. For more details, visit here.
What are the different initiatives being taken at the Academy to provide real-world training?
We introduced the following three innovations in our Core Program:
Case Studies – to reinforce the understanding of concepts, our faculty have designed case studies such as
1) Korean vs. Indian Growth Experience
2) Japan’s Lost Decade
3) Eurozone Crisis
Through discussion of case studies, students build on their communication skills, analytical skills and critical thinking.
The Economics Lab is an innovation where a prominent professional economist delivers a talk on a concrete real-world problem that he or she has grappled with. To give you a few examples –
Dr. Ajit Ranade, Chief Economist, Birla Group conducted a lab on Cartels, Collusions and Anti-competitive practices.
Dr. Tushar Poddar, Chief Economist & MD, Goldman Sachs conducted a lab on Forecasting GDP.
Dr. Mridul Saggar, Adviser, International Department, RBI conducted a lab on Monetary Transmission in India.
The Speaker Series enable students to encounter exciting intellectual developments in the discipline of economics and finance. Previous speakers include:
Dr. Arvind Subramanian, Chief Economic Advisor to GOI conducted a session on ‘How India’s Economic Survey in Conducted.’
Dr. Tom Richardson, IMF Resident Representative in India conducted a session on ‘India & the World Economic Outlook’.
Dr. Pravin Krishna, Professor, John Hopkins University, conducted a session on ‘The World Trade System’.
Dr. Mangal Goswami, Deputy Director, IMF –Singapore Regional Training Centre conducted a session on ‘Detecting Financial Fragility’.
Mr. Raghav Narsalay, Managing Director, Accenture Institute of High Performance conducted a session on ‘Innovation and its impact on national and business strategy’.
To discourage rote learning, students are assessed at regular intervals through written assignments and problem sets, as well as class discussions which form part of the overall grade.
What skills does the Program aim to develop?
The Program develops research capabilities, quantitative tools and software skills that are needed to succeed as an economist, analyst, data scientist, and various other roles in the financial sector and beyond. Students enhance their communication skills through class discussions, research papers and presentations, where they are trained to present complex information in a concise manner.
Who are the faculty members?
The faculty members of the academy comprise of a mix of both academics and industry practitioners, trained from reputed institutes such as MIT, Cambridge, Warwick and the IMF.
Faculty members include –
Indradeep Ghosh – Associate Professor MDAE, PhD MIT , earlier Assistant Professor Haverford college for 8 years.
Neeraj Hatekar – Director & Professor Econometrics, Mumbai University, PhD Mumbai University.
Abhinay Muthoo – Head of Department of Economics, University of Warwick, Co-Director of Warwick Policy Lab (WPL), University of Warwick, PhD Cambridge.
Lord Meghnad Desai – Chairman MDAE, Professor Emeritus London School of Economics, Life Peer, British House of Lords
Dr. Mangal Goswami – Deputy Director, IMF – Singapore Training Institute. Previously desk economist for IMF member countries
When will the Admission Process begin?
The Academy is looking for its second batch of students for the Academic year 2016-17, commencing July 2016. Admissions are currently open and the last date to submit applications is 30th April. To apply please click here.
What are the career prospects post the Program?
Amongst the many options available, students can look forward to a career as:
1. Market Economists – Commercial and Investment Banks
2. Analysts – Treasury, Rating Agencies, Banks, consultancies.
3. Data Scientists for Big Data
4. Research – think tanks
5. Economic Journalists
6. Finance related roles
What kind of placement assistance does the Academy provide?
To ensure job readiness, our placement office has also taken a number of steps
Live projects – Companies like First Rand bank, Accenture, IDFC Institute, Net Core, Aon Hewitt, Observer Research Foundation and Axis bank have employed our students for live projects.
We have invited speakers from top and middle management to speak about areas, which our students found interesting:
‘An Introduction to Exchange Traded Funds’ – Mr. Sanjiv Shah (Co-CEO, Goldman Sachs Asset Management)
‘How to manage your career’ – Mr. Yousuf Syed (Head, Investor Relations – Fixed Income, Axis Bank)
‘Career Opportunities in Consulting’ – Mr. Roopank Chaudhury (Partner, AON Mclagen)
‘A day in the life of’ – these sessions were introduced to give students a flavour of what a typical day looks like in the life of their chosen profession.
Corporate Mentorship Program – Each student at the Academy has been assigned a corporate mentor in order to aid them in making academic and professional choices.
For more information: