Prospectus MDAE 2018-19 by MDAE

POSTGRADUATEDI PLOMA I N ECONOMI CS 2018-2019

Fr om t heChai r man’ sDes k

“ Ec onomi c sc anbeaver yus ef uls ubj ec tandi tc ans ol vemany pr obl emsofpr ac t i c alr eal i t y ,butt o beabl et o us eec onomi c s f r ui t f ul l y ,you have t o know i tr i gor ous l y .Ec onomi c smus tbe l ear nt , atananal yt i c al r i gor ousl evel , f ori tt obeus ef ul i npr ac t i c al mat t er s .TheMeghnadDes aiAc ademyofEc onomi c si sgoi ngt o t eac hpeopl eec onomi c si nar i gor ousanal yt i c alf as hi on,s ot hat t heyc ant hent aket hei rknowl edgeandappl yi tt or ealpr ac t i c al pr obl ems .Thi squal i t yofr i gor ousanal yt i c alt eac hi ng,t omakei t appl i c abl et opr ac t i c al r eal i s t i cpr obl ems , i swhatwi l l beuni quet o t heAc ademy . Thos ewhoc omet ot heAc ademyc anexpec taver y t oughc our s e,buti twi l lal s obeamos tr ewar di ngc our s e.So,i f youwantas er i ous , deept r ai ni ngi nec onomi c s , whi c hi sal s over y us ef ulf orpr ac t i c alappl i c at i on,t heMeghnadDes aiAc ademyof Ec onomi c si swher eyous houl dbe. ”

T ABLEOFCONTENTS

Fr om t heChai r man’ sDes k

02 03

Sec t i on1:I nt r oduc t i ont ot heAc ademy A.TheAc ademy ,Phi l os ophyandVi s i on B.Thet eam Sec t i on2:ThePr ogr am A.Pr ogr am Over vi ew B.Cur r i c ul um C.As s es s ment D.Ac ademi cI nnovat i ons E.HonorCode

Sec t i on3:Suppor tSer vi c es A.Pl ac ementCel l B.Li br ar yandI TSer vi c es

Sec t i on4:Admi s s i on,FeesandFi nanc i alSuppor t A.Admi s s i onPr oc es s B.Fees C.Fundi ngSuppor t

Sec t i on5:St udentLi f e A.St udentPr of i l e( Det ai l soft hec ur r entbat c h) B.Li vi ngi nMumbai

SECTI ON1–I NTRODUCTI ONT O THEACADEMY A.TheAcademyandi t sPhi l osophy Ec onomi c seduc at i oni nI ndi ahasnotk eptpac ewi t hdev el opment si nt hewor kpl ac e. Ther ei s a dear t h ofpos t gr aduat e pr ogr ams whi c h mar r ys t r ong t heor et i c al f oundat i onswi t ht heappl i eds ki l l snec es s ar yf orar api dl ygl obal i z i ngec onomy .The Gl obalFi nanc i alCr i s i sandt her i s eofBi gDat ahav egener at edaneedf oramor e pr ac t i c aleduc at i onwher es t udent sofec onomi c sandﬁnanc edev el opanew t oolki t t oanal y z eandaddr es sr eal wor l dpr obl ems . The Meghnad Des aiAc ademy of Ec onomi c s( henc ef or t h, MDAE) has been es t abl i s hed asan i ns t i t ut i on ofex c el l enc et o pr ov i de gr aduat es t udent swi t ht he ac ademi cr i gorandappl i eds ki l l st heyneedt omeett hedemandsofady nami cand gl obal i z ed wor kpl ac e.The pr ogr am of f er ed byMDAE hass ubs t ant i ali nputf r om t opr anki ng c or por at es t oi mpr ov et he empl oy abi l i t y of y oung s t udent s and pr of es s i onal s . ur r i c ul um i sapos tﬁnanc i alc r i s i sc ur r i c ul um des i gnedt oequi ps t udent s TheMDAEc t os ol v edy nami cr ealwor l dpr obl ems . I t suni quedes i gnal l owss t udent st os pec i al i z e i n pos t gr aduat e Ec onomi c swi t hi n ac ompac t1y earpr ogr am.Pr opr i et ar yc as e s t udi es on gl obali s s ues & Ec on Labs ( wor ks hops l ed by pr ac t i t i oner s on t he c our s ewor k)ar ei nt egr alt ot het eac hi ngs t y l eandpr ov i dev i t alhands ont r ai ni ng.

B.TheMDAEDi f f er ence MDAE pr i desi t s el fon t he f ol l owi ng f act or st hats eti tapar tf r om ot her pos t gr aduat eeconomi cspr ogr amsi nI ndi a: Aut onomyi nc our s edes i gnandt eac hi ng, al l owi ngf orac ont empor ar yc ur r i c ul um; I l l us t r i ousFac ul t y , f r om i ns t i t ut i onss uc has MI T , Geor gi a St at e Uni v er s i t y , I I M Bangal or e,Uni v er s i t yofMumbaiandt he I MFamongot her s I ndus t r i ousl ear ni ngbas edonadi al ogi c al appr oac h wi t h av ar i et yofpedagogi c al appr oac hesandc ont i nuousas s es s ment ; Emphas i sondev el opi ngeac hs t udenti na hol i s t i c way – i nt el l ec t ual l y and i nt er per s onal l y wi t h a pr oﬁc i enc y i n appl i ed ec onomi ct heor y and or aland wr i t t enc ommuni c at i on;

Cur r i c ul um des i gned t o s ki l l up t he s t udenti n ef f ec t i v el eader s hi p,pr obl em s ol v i ng, anal y t i c sandc r i t i c alt hi nki ng St r ong l i nkswi t ht he c or por at es ec t or– i nv ol v ement i n c ur r i c ul um des i gn, ment or i ng,l i v e pr oj ec t s ,gues tl ec t ur es , i nt er ns hi ps , andpl ac ement s ; Unma m t c hed ac c es s t o ac ademi a, t he c or por at ewor l d, andi ns t i t ut i ons ; 250+ hour sofs c hedul ed c l as s r oom t i me i n quant i t at i v e met hods ,dat a anal y s i s , c omput i ngandpr ogr ammi ng.

Ou rv i s i o ni st oh a v eap r o g r a mo fa c a d e mi ce x c e l l e n c et h a ti n c u l c a t e sma r k e t a b l es k i l l sa n dh e l p st o c r e a t ef u t u r eg l o b a l l e a d e r s .

C. T eam MDAE

L ORDMEGHNADDESAI ,PROFESSOREMERI TUSATL ONDON SCHOOLOFECONOMI CSâ&#x20AC;&#x201C;CHAI RMAN

DR. AJ I TRANADE

DR. MANGALGOSWAMI

PRESI DENTANDCHI EFECONOMI ST ATTHEADI TYABI RLAGROUP

DEPUTYDI RECTOROFTHEI MF SI NGAPOREREGI ONALTRAI NI NG I NSTI TUTE

DR. TUSHARPODDAR

MR. NI RANJ ANRAJ ADHYAKSHA

MACROANAL YST , WELLI NGTONMANAGEMENTCO.

MR. RAJ ESHGUPTA

EXMD, MAYURUNI QUOTERSL TD.

MR. ROOPANKCHAUDHARY ASSOCI ATEPARTNER&I NDI AHEAD, MCLAGAN, AONHEWI T

EXECUTI VEEDI TOROFMI NT ANDTRUSTEE&OMBUDSMANOF THETAKSHASHI LAI NSTI TUTI ON

MR. DK. J OSHI

CHI EFI NDI AECONOMI ST , CRI SI LL TD.

MR. ARI J EETBANERJ EE MD, DEUTSCHEBANK

DR. I NDRADEEPGHOSH

PHD. MI TAND ASSOCI ATEPROFESSORATMDAE

DR. NEERAJHATEKAR

PROFESSOROFECONOMETRI CSATTHE MUMBAISCHOOLOFECONOMI CSAND PUBLI CPOLI CY( FORMERL Y, ECONOMI CS DEPARTMENTOFTHEUNI VERSI TYOFMUMBAI )

MR. P . D. SI NGH

MANAGI NGDI RECTOR ATJ . P . MORGANI NDI A

DR. SAMANTAKDAS

CHI EFECONOMI ST&NATI ONAL DI RECTOR, KNI GHTFRANKI NDI A

SECTI ON2–THEPROGRAM A.Pr ogr am Over vi ew Theﬂags hi ppr ogr am of f er edatt heAc ademyi st he12mont h, f ul l t i me, Pos tGr aduat e Di pl omai nEc onomi c s , i nas s oc i at i onwi t ht heMumbaiSc hoolofEc onomi c s&Publ i c Pol i c y[ f or mer l yDepar t mentofEc onomi c s( Aut onomous ) ] , Uni v er s i t yofMumbai . Thepr ogr am s t ar t si nt hel as tweekofJ ul yandendsi nt het hi r dweekofJ ul ynex ty ear . um ofi ns t r uc t i onandas s es s mentf oral lc our s es ,i nc l udi ngt hedi s s er t at i on, Themedi i sEngl i s h. Thepr ogr am i ss t r uc t ur edi nt hef ol l owi ngway :

COURSE

DURATI ON

CREDI TSEARNED

Foundat i onCour s e

12weeks

Semes t er1:Cor eCour s es

12weeks

Semes t er2:El ec t i v eCour s es

17weeks

3weeks

Di s s er t at i on

Hol i days 2weeksofhol i day s( Di wal i , Chr i s t mas , NewYear ’ s ) 6weeksi nMar c h Mar c h&Apr i lr es er v edf ori nt er ns hi ps Ov er al l ,t hepr ogr am wi l lof f er25 c our s ec r edi t swi t h onl yt heCor eCour s es ,t he El ec t i v eCour s es , andt heDi s s er t at i onc ount i ngt owar dst hes ec r edi t s( i . e. , t her ear eno c r edi t sf ort he Foundat i onsCour s es ) .Sec t i on 2. 2 bel ow des c r i beseac h oft hes e c our s esi ndet ai l , whi l eSec t i on2. 3ex pl ai nst heex ami nat i onpol i c y / as s es s mentf ort he s ame.

B. Cur r i cul um B. 1Foundat i onsCour s es Thepur pos eoft hes ec our s esi st opr epar es t udent sf ort heCor eCour s est hatwi l l f ol l ow.Si nc enotal ls t udent sac c ept edi nt ot hepr ogr am wi l lhav eanunder gr aduat e educ at i oni nec onomi c s , t heFoundat i onsCour s eswi l l i nt r oduc et hem t ot hees s ent i al el ement sofec onomi cands t at i s t i c alt heor y .Fors t udent swhodoj oi nt hepr ogr am wi t hs omeunder gr aduat eec onomi c st r ai ni ng,t heFoundat i onsCour s eswi l ls er v et o r ev i ewc onc ept st hatt heymayhav ef or got t en, i nas t y l et hatmayy etbenewt ot hem. LEARNI NGOUTCOMES&SKI LLS Ri gor ousunder s t andi ngofmat hemat i c alands t at i s t i c alc onc ept s Abi l i t yt os ol v emat hemat i c alands t at i s t i c alpr obl ems Foundat i onalknowl edgeofmi c r oec onomi c sandmac r oec onomi c s Pr epar ednes sf ort heCor eCour s e

Foundat i onc our s eswi l lc overt hr ees ubj ec t s : Mat hemat i c s

I ns t r uct or :Shai l es hGor egaok ar

St at i s t i c s

I ns t r uct or :Ganes hMunnor code

Ec onomi canal y s i si si nher ent l yquant i t at i v e, and s os t udent smus tdev el op a r i gor ous under s t andi ng of t he mat hemat i c al f oundat i onst hatec onomi ct heor yut i l i z es .I n t hi sc our s es t udent swi l ll ear n:

Ec onomi s t swor kwi t hdat adr awnf r om t he r ealwor l d,and s t udent s ar er equi r ed t o bec ome pr oďŹ c i entwi t ht he bas i ct ool sof dat a anal y s i s .I nt hi sc our s es t udent s wi l l l ear n:

Whata f unc t i on i s ,and how t or epr es ent f unc t i onsus i ngal gebr aandgr aphs

What a r andom v ar i abl ei s ,and how t o des c r i bei tus i ngt hec onc eptofpr obabi l i t y How t o wor k wi t h c ommon pr obabi l i t y di s t r i but i on f unc t i ons s uc h as t he Bi nomi al , Poi s s onandNor maldi s t r i but i onS How t oc omput et he ex pec t ed v al ue and v ar i anc eofar andom v ar i abl e How t o wor k wi t hj oi nt l y di s t r i but ed r andom v ar i abl es How t of or mul at e as t at i s t i c alhy pot hes i s ,and howt ot es ti t

Conc ept sofl i mi t s ,c ont i nui t y ,di f f er ent i at i on andi nt egr at i on

How t odi f f er ent i at eandi nt egr at eaf unc t i on ofoneormor ev ar i abl es Howt os ol v eopt i mi z at i onpr obl ems Howt owor kwi t hv ec t or sandmat r i c es Howt os ol v eas y s t em ofequat i ons

Howt oc omput ec onďŹ denc ei nt er v al s

B. Cur r i cul um B. 2Cor eCour s es Af t erdev el opi ngas ol i df oundat i on,al ls t udent sar er equi r edt ot ak eas etoft hr ee Cor eCour s es :

1. APPL I E D MI CROE CONOMI CS

2. ADV ANCE D MACROE CONOMI CS

3. E CONOME TRI CS F ORBUS I NE S S

hes ec our s esl eadt hes t udent si nt oani ndept hex pl or at i onoft opi c st hat Eac hoft ev er yec onomi s ti sex pec t ed t o be pr oﬁc i enti n.Thes ec our s eswi l lal s o pr epar e s t udent sf ort he El ec t i v e Cour s es ,whi c h pr ov i de t r ai ni ng i n mor es pec i al i z ed s ubdi s c i pl i nesofﬁnanc e, publ i cpol i c yanddat aanal y t i c s .

LEARNI NGOUTCOMES&SKI LLS Ri gor ousunder s t andi ngofmar k et sandhowt heyf unc t i on

Abi l i t yt os ol v epr obl emsi nmi c r oec onomi c sandmac r oec onomi c s Abi l i t yt os t r uc t ur eandanal y z eec onomi cdat awi t ht hes of t war eR Knowl edgeofr eal wor l dmar k et s , ec onomi esandpol i c i es

Abi l i t yt oc r i t i c al l yev al uat enewsar t i c l esaboutongoi ngec onomi cdev el opment s i nI ndi aandabr oad Abi l i t yt oc r i t i c al l yev al uat eac ademi candpol i c yr es ear c hi nec onomi c s

Abi l i t yt owr i t es hor t -andl ongf or m pi ec esonr eal wor l dec onomi c si s s ues Abi l i t yt opr epar eandunder s t ands i mpl eﬁnanc i alac c ount s

Pr epar ednes sf ors t r eam s pec i al i z at i oni nt heEl ec t i v eCour s es

Advanc edMac r oec onomi c s

Ec onomet r i c sf orBus i nes s

I ns t r uct or :I ndr adeepGhos h

I ns t r uct or :ShahanaMuk her j ee

Whi l e mi c r oec onomi c ss t udi es i ndi v i dual mar k et s , mac r oec onomi c sc ons i der st he ec onomyatl ar ge,asagener alequi l i br i um s y s t em ofmany s i mul t aneous l y oc c ur r i ng mar k et sI nt hi sc our s e, s t udent swi l ll ear n:

Ec onomet r i canal y s i si sac r uc i alc omponentof t hepr of es s i onalec onomi s t ’ st ool box ,and t hi s c our s e bui l dson t he Foundat i onsCour s ei n St at i s t i c st ot eac hs t udent s :

Howt omeas ur e“ macr oeconomi caggr egat es ”l i k e GDP , i nﬂat i on, unempl oy ment

Howt of or mul at et es t abl ehy pot hes esf r om economi c t heor i es , andhowt ot es ts uchhy pot hes es

Howt oconcept ual i z et hemacr oeconomyast he i nt er pl aybet weent hr eedi f f er entmar k et s

How t o“ ﬁt ”economet r i cmodel st ot hedat a( commonl y cal l ed t he “ s peci ﬁcat i on pr obl em” i n economet r i c anal y s i s )andhowt or emedyt hepr obl emsi nt r i ns i ct ot hi s appr oach, v i z . s el ect i on bi as , aut ocor r el at i on, het er os cedas t i ci t y , mul t i col l i near i t y , andendogenei t y

Howt ocons t r uctandwor kwi t ht heI SLM f r amewor k Whys omecount r i esar er i chwhi l eot her sar epoor Whatcent r albanksandgov er nment scandot oal l ev i at e t hepr obl emsofunempl oy mentandi nﬂat i on

The us e ofi ns t r ument alv ar i abl esi n es t i mat i ng caus al r el at i ons hi ps

Ther ol eofﬁnanci almar k et s , s uchast hemar k et sf or s t ocksandbonds

The r el ev ant es t i mat i on t echni ques t o modell i mi t ed dependentv ar i abl es( s uchasl ogi s t i cr egr es s i on)

Howex changer at escans omet i mesbecome i ns t r ument sofmonet ar ypol i cy , andwhy count r i esmays omet i meswi s ht oadoptacommon cur r ency

Howt owor kwi t has t at i s t i cal pr ogr ammi ngs of t war es uch asRt oes t i mat eav ar i et yofeconomet r i cmodel s

Real wor l dcas es t udi esofr eces s i ons , ﬁnanci al cr i s esandmonet ar yuni on Whatt heconceptofequi l i br i um i namar k eti s

Appl i edMi c r oec onomi c s

How t o model cons umpt i on choi ce as a ut i l i t y max i mi z at i on pr obl em,and how t os ol v ei t& how t o ex t endt hecons umer ’ schoi cepr obl em t oot hercont ex t s

I ns t r uct or :Shagat aMuk her j ee

How ﬁr msdeci de whatt o pr oduce and how much t o pr oduce&Howcons umer sandﬁr msmeetandi nt er acti n di f f er ent ki nds of mar k et s :compet i t i v e,monopol i s t i c, duopol i s t i candol i gopol i s t i c How s omeoft hos ei nt er act i onscanbeus ef ul l ymodel ed us i ng t he t echni ques of game t heor y & Real wor l d ex ampl esofmar k etf ai l ur eand pol i ci est hatat t emptt o r es t or emar k et st ot hei rpr operf unct i oni ng

Mi c r oec onomi c si st he s t udyofc hoi c e under c ons t r ai nt sand i st hegr ound ofal lec onomi c t heor y . I nt hi sc our s e, s t udent swi l ll ear n:

B. 3El ect i veCour s es Ther ear e10el ect i v ecour s esonof f er ,ofwhi ch,s t udent swi l lchoos e4f orcr edi t( andar e al l owedt oaudi toneormor eoft her emai ni ng6) . Oft he10, 9ar edi v i dedi nt o3s t r eamsof3 cour s eseach. As t udenti snotr equi r edt o, butmaywi s ht o, s peci al i z ei noneoft he3s t r eams , andi fhe/ s hedeci dest odos o,t henhe/ s hemus tt ak eal l3cour s esi nt hats t r eam,and1 addi t i onalcour s et ocompl et et he4f or cr edi tcour s es .

El ec t i veCour s es :3St r eams Fi nanc e

Publ i cPol i c y

Cr i s es

Dat aAnayl t i c s

B. 3. 1Fi nanceSt r eam LEARNI NGOUTCOMES&SKI LLS Abi l i t yt oi nt er r el at edi f f er entt y pesofﬁnanc i als t at ement s

Abi l i t yt oanal y z eﬁnanc i als t at ement sf oroper at i onalands t r at egi c

Knowl edgeoffinanc i als t r uc t ur eandc api t albudget i ngpur pos es Knowl edgeofhowequi t yandfix edi nc omemar k et swor k Abi l i t yt omeas ur er i s ki nfinanc i almar k et s

Knowl edgeoft hefinanc i almar k etec os y s t em andi t sr egul at i on Abi l i t yt oc r i t i c al l yr eadfinanc i alnewsandex t r ac tv i t ali nf or mat i onaboutc ompani es , mar k et s Pr epar ednes sf orj obsi nbus i nes sc or por at i ons , c ommer c i albanks , i nv es t mentbanks , equi t y anal y s i s , fix edi nc omeanal y s i s , weal t hmanagement , et c .

Fi nanc i alSt at ement sAnal ys i s

I ns t r uct or :Padmi niSundar am Car eer si n financ e,mar k et i ng,c ons ul t i ng, ent r epr eneur s hi p and al s o publ i c admi ni s t r at i on r equi r e pr ofic i enc y wi t h financ i als t at ement s .Thi sc our s e wi l lt eac h s t udent s :

Howt ocons t r uctandi nt er r el at et het hr eemai nfinanci al s t at ement sofafir m:t hepr ofit&l os ss t at ement , t hebal ance s heet , andt hecas hflows t at ement Howt ous et heBal ancedScor ecar di nconj unct i onwi t hEVA meas ur esf ors t r at egi cmanagementofor gani z at i ons Howt oanal y z eafir m’ si nv es t mentandoper at i ngact i v i t i es v i aar eadi ngofi t sfinanci als t at ement s Theeconomi csofv al uecr eat i on Pr ofit abi l i t yanal y s i s Cr edi tanal y s i s Equi t yanal y s i s Cur r enti s s uesi nfinanci alr epor t i ng( v i z .t hecas esofEnr on and Sat y am, of f bal ance s heet i t ems ,f r aud, f or ens i c account i ng, bankr upt cydet ect i on)

Cor por at eFi nanc e

I ns t r uct or :Padmi niSundar am

I nor dert oappr ec i at et hei mpor t anc eoft he financ i ng f unc t i on i n ac or por at i on, an i ndept hknowl edgeofc api t al( orfinanc i al ) s t r uc t ur ei ses s ent i al .I nt hi sc our s e,s t udent s wi l ll ear n: Howdi f f er entt y pesoffir msf or mul at et hei rfinanci algoal s andobj ect i v es Howdi f f er entt y pesoffir msfinancet hems el v es Howt ol i nkafir m’ sfinanci ngdeci s i ont oi t si nv es t ment deci s i on Whyt hepr i nci pal agentr el at i ons hi pi sk eyt ounder s t andi ng t hecapi t als t r uct ur edeci s i on Whyt hecapi t als t r uct ur edeci s i oni si mpor t ant( t heor i es s uchasModi gl i ani Mi l l erandCAPM) Howt ov al uefinanci als ecur i t i esus i ngt hepr i nci pl esof pr es entdi s count edv al uat i on Howt ot r adeof fr i s kagai ns tex pect edr et ur ns Whyafir m’ sdi v i dendpol i cyi si mpor t ant Howt oanal y z eafir m’ sdi v i dendpol i cy

Meas ur i ngRi s ki nEqui t y&Fi xedI nc omeMar ket s

I ns t r uct or :ShahanaMuk her j ee Fi nanc epr of es s i onal sneedt ohav eas ound under s t andi ngofhowt oas s es sr i s ki nequi t y and ﬁx ed i nc ome mar k et s .I nt hi sc our s e, s t udent swi l ll ear n:

How equi t ymar k et sar eor gani z edandhow t hey f unc t i on Howweal t hi sal l oc at edbet weendi f f er entﬁnanc i al as s et s How i di os y nc r at i cr i s ki sdi f f er entf r om s y s t emat i c r i s k Thec onc eptofBet awhi c hc apt ur est hei mpac tof c or r el at i ononpor t f ol i or i s k Howas s et sar epr i c ed How t o meas ur e por t f ol i o per f or manc e us i ng met r i c ss uc hasJ ens en’ sal pha How bond mar k et sar eor gani z ed and how t hey f unc t i on Howt ov al uedebts ec ur i t i es Howt oc al c ul at es potandf or war dr at es Whatt het er ms t r uc t ur eofi nt er es tr at esi sandwhy v ol at i l i t ymat t er s How t odet er mi nei nt er es tr at er i s kus i ngc onc ept s s uc hasdur at i onandc onv ex i t y Howr at i ngagenc i eswor kandwhatc r edi ts pr eadsar e

Th eWo r k s h o p /Ec o nLa b si nt h i ss t r e a mwi l l c o v e rt o p i c ss u c ha sf i n a n c i a l i n s t i t u t i o n sa n dt h e i rr e g u l a t i o n .

B. 3. 2Publ i cPol i cySt r eam LEARNI NGOUTCOMES&SKI LLS Ri gor ousunder s t andi ngoft hepr i nc i pl esofpubl i cec onomi c s

Abi l i t yt of r amepubl i cpol i c ypr obl emsi nat heor et i c al l ys oundmanner

Appr ec i at i ngt her ol esofi ns t i t ut i onsandgov er nanc e

Abi l i t yt oanal y z epubl i cpol i c ypr obl emsi nI ndi a, andc r i t i c al l yev al uat epr opos eds ol ut i ons Abi l i t yt oc r i t i c al l yas s es st hei mpac tofpubl i cpol i c yi ni t i at i v esi nI ndi aandabr oad

Knowl edgeoft hei nt er nat i onaldi mens i onofpubl i cpol i c y Abi l i t yt owr i t es hor t -andl ongf or m pol i c ybr i ef s Pr epar ednes sf orj obsi nNGOs , t hi nkt anks , f oundat i ons , pol i c yi ns t i t ut i ons , pol i c yc ons ul t i ng, r egul at or ybodi es , gov er nment alor gani z at i ons , et c .

Publ i cPol i c yofDevel opment I ns t r uct or :Shagat aMuk her j ee

Thi sc our s ewi l l pr ov i deanunder s t andi ngofhow ec onomi c s c an be us ed t o under s t and dev el opmentpol i c i esi nt her ealwor l d.St udent s wi l ll ear nt oanal y z ec ompl expubl i cpol i c yi s s ues i ndev el opmentaswel lasev al uat et hei mpac tof di f f er ent pol i c y appr oac hes t o a par t i c ul ar pr obl em. I nt hi sc our s es t udent swi l ll ear n:

What det er mi nes t he dec i s i ons of poor hous ehol dsi ndev el opi ngc ount r i es ? Whatar et hedi f f er entt y pesofr i s ksf ac ed by poorhous ehol ds and how c an we mi t i gat e t hem? How dowemak es c hool swor kbet t erf orpoor c i t i z ens ? Howdowemak epoorc i t i z ensheal t hy ?

Howdoweanal y z et heef f ec t i v enes sofmi c r oďŹ nanc e onec onomi cands oc i aldev el opment ? Whati st hes c opef orpol i c yi nt er v ent i onsi nI ndi a andwhatpol i c i eshav ebeent r i edout ? How t oev al uat et hei mpac tofpubl i cpr ogr amsus i ng moder n empi r i c almet hods i n ec onomi c s ,s uc h as Randomi z edCont r ol T r i al s( RCT s ) .

I nt er nat i onalPol i t i c al Ec onomy I ns t r uct or :I ndr adeepGhos h I nt er nat i onal Pol i t i c al Ec onomy s t udi es t he i nt r i c at er el at i ons hi ps bet ween mar k et s and s t at es , bet ween money and power , and bet ween ec onomi c s and pol i t i c s , and i s es s ent i al f or s t udent s hopi ng t o ﬁnd empl oy menti n publ i c pol i c yr ol esi nt oday ’ s gl obalc ont ex t . I nt hi sc our s es t udent swi l ll ear n:

Behavi our alandExper i ment al Ec onomi c s :APubl i cPol i c y Per s pec t i ve

I ns t r uct or :Shagat aMuk her j ee

Thi sc our s ei nt r oduc es t he maj ori ns i ght s of behav i or al and ex per i ment al ec onomi c st o i ndi v i dual c hoi c e, s oc i al c hoi c e, and publ i c pol i c y . Thec our s ewi l lﬁr s tes t abl i s hf undament al pr i nc i pl es i n behav i our al and ex per i ment al ec onomi c s .The l as tmodul e oft he c our s e wi l l ex pl or et hec ut t i ngedger es ear c hi nbehav i or al andex per i ment alec onomi c sandi t si mpl i c at i ons f orpubl i cpol i c y . I nt hi sc our s es t udent swi l ll ear n:

Why pol i cy mak er s mus tpay at t ent i on t ot he i nt er pl ay bet ween economi cs and pol i t i cs i n des i gni ng ef f ect i v e pol i cy

Howt ocr i t i cal l yas s es sex i s t i ngt heor i esi neconomi csus i ng ex per i ment al dat aandunder s t andbehav i our al bas i sf ort he s ame.

Whatt hemai neconomi ct heor i esoft r adear e,and why t hes et heor i espr es cr i be t hatcount r i ess houl dl i ber al i z e t r ade

How t o ex pl or et heor i esi n behav i our aleconomi csand as s es st hei rappl i cabi l i t y .

Whycount r i esof t en choos e nott ol i ber al i z et r ade,and whatf or mst r adecooper at i onhasi nf actt ak eni nt hel as t 100y ear s Whatt hemai neconomi ct heor i esofFDIar e How count r i es compet e t o at t r act mul t i nat i onal cor por at i ons WhyChi na’ sacces s i ont ot heWTO i n2001i sas i gni ficant ev enti nt hehi s t or yofmul t i l at er alt r adel i ber al i z at i on Whatt heT r ans Paci ficPar t ner s hi pmeansf ori t ss i gnat or i es andf ort hos ewhohav echos ennott os i gnt heTPP Thef undament alpr i nci pl esofex changer at eeconomi cs , andwhygl obalfinanci als t abi l i t yr equi r est hei nt er v ent i on andov er s i ghtofmul t i l at er ali ns t i t ut i onss uchast heI MF Whatt he pol i t i c al ec onomi cc ons i der at i ons f orl i ber al i z i ng i nt er nat i onalfinanc ear e( wi t hpar t i c ul arr ef er enc et ot heEur o pr oj ec tandi t sappar entf ai l ur e)

How t o us e behav i or ali ns i ght st oi nf or m i ndi v i dual , hous ehol d, ands oci aldeci s i onmaki ng. Howt or ev i ewcompl expubl i cpol i cypr obl emst hr ought he l ensofpr i nci pl esofbehav i our aleconomi cs . How t oanal y z edat af r om ex per i ment st oev al uat eandﬁne t une pol i ci es t hat coul d not be eas i l yt es t ed wi t h nat ur al l y occur r i ngdat a.

B. 3. 3Dat aAnal yt i csSt r eam LEARNI NGOUTCOMES&SKI LLS Ri gor ousunder s t andi ngofec onomet r i canal y s i s

Abi l i t yt of or mul at eandt es ts t at i s t i c alhy pot hes es

Abi l i t yt owor kwi t hv er yl ar gedat as et sofal lt y pes Abi l i t yt or uns i mul at i onex er c i s esus i ngc omput at i onalt ec hni ques Knowl edgeofs pec i al i z edec onomet r i ct ec hni quess uc hasTi meSer i esEc onomet r i c sand Bay es i anEc onomet r i c s Abi l i t yt opr ogr am i nRandHadoop&Pr epar ednes sf orj obsi nt hedat aanal y t i c sﬁel d( FMCG, r et ai l , c ons ul t i ng, ec ommer c e, ﬁnanc i ali ns t i t ut i ons , et c . )

St at i s t i c alComput i ng& Mac hi neL ear ni ng I ns t r uct or :Suni lSar as wat

St at i s t i c alc omput i ngandmac hi nel ear ni ngar e t ec hni quesofr ec ogni z i ngpat t er nsf r om dat ai n or dert odev el ops t at i s t i c almodel s . Thi sc our s e wi l lt eac hs t udent s : Howt oc ar r youtMont eCar l os i mul at i onsus i ngR How t o aggr egat e dat ai nc l us t eranal y s i st o unc ov ers i mi l ar i t i esi nl ar gedat as et s

Neur alnet wor kmet hods

St oc has t i cv ec t ormac hi ner egr es s i ons How t owor kwi t hDec i s i ont r eesandBoos t ed Regr es s i on t r ees t o model s t at i s t i c al r el at i ons hi ps

Ti meSer i esEc onomet r i c s

I ns t r uct or :Ganes hMunnor code Manyoft he i ns i ght sf r om t he Cor e Ec onomet r i c s c our s e,whi c hs t udi esmos t l yc r os s s ec t i onaldat a, c ar r yov ert os i t uat i onswher edat aar ec ol l ec t edov er t i me( e. g.financ i aldat a) .Howev er ,t i mes er i esdat a pr es enti mpor t antc hal l engesoft hei rown.I nt hi s c our s e, s t udent swi l ll ear n: How t or epr es entt i me s er i esdat aasobs er v at i ons dr awnf r om as t oc has t i cpr oc es s eswi t hl agoper at or s & The di f f er enc e bet ween s t at i onar y and nons t at i onar yt i mes er i es How t ot es twhet hera t i me s er i esi ss t at i onar yor nons t at i onar y How t o es t i mat e model s wi t h nons t at i onar yt i me s er i es dat a, and how t o wor k wi t h i nt egr at ed pr oc es s es& How t oes t i mat emodel swi t hs t at i onar y t i mes er i esdat a,andhow t odet ec tandaddr es st he pr obl em ofs er i alc or r el at i oni nt hes emodel s Howt oes t i mat et het empor ar yandper manentef f ec t s ofs hoc ksi namac r oec onomi corfinanc i al model us i ng di s t r i but edl agmodel s How t oappl yt heBoxandJ enki nsmet hodol ogyf or model l i ngt hec ondi t i onalmeanofamac r oec onomi c t i mes er i es Howt oes t i mat et hev ol at i l i t yi nfinanc i al mar k et sus i ng t he aut or egr es s i v e c ondi t i onal l y het er os c edas t i c ( ARCH)andgener al i z edc ondi t i onal l yhet er os c edas t i c ( GARCH)model s How t o es t i mat e model s wi t h nons t at i onar yt i me s er i esdat a, andhowt owor kwi t hi nt egr at edpr oc es s es How t o es t i mat ev ec t oraut or egr es s i on ( VAR)and v ec t orer r or c or r ec t i on( VEC)model s& How t oi nf er f r om t he i mpul s er es pons ef unc t i on t he ef f ec t sofa par t i c ul arpol i c yi nt er v ent i on How t o det ec tc aus al i t yi n VAR s y s t ems& How t o per f or m uni v ar i at e and mul t i v ar i at e f or ec as t i ng ex er c i s es How t oi mpl ementec onomet r i c es t i mat i on oft i me s er i esmodel sus i ngt hes t at i s t i c als of t war eR

Advanc edEc onomet r i c s

I ns t r uct or s :Ganes hMunnor code &ShahanaMuk her j ee

Thi sc our s e bui l dson t he Cor e Ec onomet r i c s c our s e and wi l l i nt r oduc e s t udent s t o t ec hni ques f or handl i ng paneldat a( whi c h c ombi nesf eat ur esofbot hc r os ss ec t i onaland t i mes er i esdat a)andqual i t at i v edependentor bi nar y v ar i abl es and f or wor ki ng wi t h s i mul t aneous equat i on model s .I n par t i c ul ar t heywi l ll ear n:

Cr i s es

I ns t r uct or :I ndr adeepGhos h

The2008Gl obalFi nanc i alCr i s i shi ghl i ght st he i mpor t anc eofunder s t andi ngt hemy r i adway si n whi c hﬁnanc i alandmac r oec onomi cs y s t emsar e s us c ept i bl et oepi s odi cc ol l aps e.Thi sc our s ewi l l t eac hs t udent s :

Thedi f f er enc ebet weenFi x edef f ec t sandRandom ef f ec t smodel s

A br i efhi s t or yofﬁnanc i alc r i s esdur i ngt hel as t100 y ear s

How t o obt ai nt he r educ ed f or m f r om t he s t r uc t ur al f or m andes t i mat et hepar amet er soft he s ame us i ng di f f er entappr oac hesl i k e 2SLS,I V, LI MLet c .

How,i nmos toft hos ec as es ,c r i s eswer epr ec i pi t at ed bymac r oec onomi cmi s managementl eadi ng t ot he bui l dupofs pec ul at i v eas s etpr i c ebubbl es

How t o models i t uat i onswher et he dependent v ar i abl ei sbi nar yorqual i t at i v e How t of or mul at eandt es thy pot hes esus i ngt he Lagr ange Mul t i pl i er ( LM)t es t ,Wal dt es t and Li k el i hoodr at i ot es t( LRT) Howt odoal lt hi si nR

How s pec ul at i v e as s etpr i c e bubbl es f or m ( v i aa c l as s r oom ex per i mentdes i gnedt os i mul at ebubbl e f or mat i on) The s pec i ficf eat ur esoft he 2008 Gl obalFi nanc i al Cr i s es ,es pec i al l yt her ol eofs t r uc t ur ed financ e,t he mal f unc t i oni ng of debt mar k et s , and t he ov er l ev er agi ngoffinanc i ali ns t i t ut i ons How a financ i alc r i s i sc aus esec onomi c ac t i v i t yt o c ol l aps e,wi t hs pec i ficr ef er enc et ot heex ampl esof J apanaf t er1991, andt heUSandEur opeaf t er2008 How a financ i alc r i s i sc aus esec onomi c ac t i v i t yt o c ol l aps e,wi t hs pec i ficr ef er enc et ot heex ampl esof J apanaf t er1991, andt heUSandEur opeaf t er2008 Whatki ndsofpr eempt i v epol i c i esc anpr ev entt he bui l dupofs pec ul at i v eas s etpr i c ebubbl es Whatki ndsofpos t c r i s i spol i c i esc an pr ev entt he c ol l aps eofec onomi cac t i v i t y How t oanal y z et hec ur r entwor l dec onomi cs c enar i o wher eanewc r i s i sor i gi nat i ngi nChi naors omeot her emer gi ngmar k etmayer upt

B. 4Di s s er t at i on St udent sar er equi r edt owr i t eaDi s s er t at i ononat opi coft hei rchoi ce. LEARNI NGOUTCOMES&SKI LLS Abi l i t yt oi dent i f ywhi chr es ear chques t i onsar ei nt er es t i ng, i ns t r uct i v eandf eas i bl e Abi l i t yt of or mul at eaconcr et er es ear chques t i on Abi l i t yt ocol l ect , or gani z eandcr i t i cal l yr eador i gi nalacademi cl i t er at ur e Abi l i t yt ocol l ectdat a Per f or mi ngs t at i s t i calandeconomet r i canal y s i swi t ht hedat acol l ect ed Or gani z i ngr es ear chﬁndi ngsi nt oacoher entandconci s enar r at i v ef or m Wr i t i nga10, 000wor d( appr ox i mat el y )di s s er t at i ont hatpr es ent st hos eﬁndi ngs

Thet i mel i neands t epsf orwr i t i ngt hedi s s er t at i oni sasf ol l ows :

APRI L15TH Fi nal i z eadi s s er t at i ont opi caf t erweekl y meet i ngswi t has uper v i s or .

MAY1ST Sear c hf orandc ol l ec tt hemat er i al s ( ac ademi cl i t er at ur e, dat a, et c . )t hatt he wi l lbeneededf ort hatdi s s er t at i ont opi c .

J UNE1ST Per f or m di f f er ent ki nds of anal y s es ( quant i t at i v e orot her wi s e)r equi r ed t o ans wert heques t i onathand.

J UL Y1ST Thes t udentwi l lbegi nt owr i t et he di s s er t at i on, undergui danc ef r om t he s uper v i s or .

J UL Y15TH Thes t udentwi l ls ubmi taﬁr s tdr af tt ot he s uper v i s or

J UL Y22ND Thes t udentwi l lhandt heﬁnaldr af tof t hedi s s er t at i ont ot hes uper v i s or .

C.As s es s ment Thepr ogr am adher est oaphi l os ophyofcont i nuousas s es s mentt hr oughoutt heacademi cy eart oens ur e t hats t udent sef f ect i v el ymas t ert hecour s emat er i al sandgetenoughoppor t uni t i est ot es tt hei rmas t er y . T ot hi send, t hes t udent swi l lbegr adedont hef ol l owi ng:

1.ENDOFCOURSEEXAMI NATI ON 2.PERI ODI CPROBLEM SETS 3.WRI TI NGASSI GNMENTS 4.CONTRI BUTI ONTO CLASSROOM DI SCUSSI ON 5.CLASSROOM ATTENDANCE Thepr eci s ebr eak upoft heﬁnalcour s egr adei nt ot hes edi v er s ecomponent s ,andt hepr eci s ef or mt hat t hes ecomponent swi l las s umei neachcour s e,wi l lr emai natt hedi s cr et i onoft hef acul t yi ns t r uct or ,and wi l lbecommuni cat edt os t udent sv i at hecour s es y l l abust hatt hei ns t r uct orwi l lhandoutont heﬁr s tday oft hecour s e.Ass oonass t udent sr ecei v et hes y l l abusi nacour s e,t heys houl di mmedi at el yf ami l i ar i z e t hems el v eswi t ht hedet ai l soft hecour s e’ sas s es s ments t r uct ur eandcommuni cat eanyques t i onst hatt hey mayhav edi r ect l yt ot hef acul t yi ns t r uct or .

D.Academi cI nnovat i ons CASESTUDI ES One oft he obj ect i v esoft hi spr ogr am i st o ens ur et hats t udent sdev el op t he neces s ar y f r amewor kt oanal y s et hev ar i ouseconomi cpr obl emsi nt her ealwor l dandl ear nt ol i nki twi t h t heor et i calconcept s . T ot hi send,ourf acul t ymember shav edes i gnednumer ouscas es t udi es , ex pl or i ngt hedept hsanddet ai l sofmanyeconomi cpuz z l esandcr i s es . Thr oughdi s cus s i onsof t hes ecas es t udi es , s t udent shonet hei ranal y t i calandcr i t i calt hi nki ngs ki l l s .

SPEAKERSERI ES TheSpeak erSer i esev ent swi l l s er v easanout of t hecl as s r oom v enuef ors t udent st oencount er ex ci t i ngi nt el l ect ualdev el opment si nt hedi s ci pl i nesofeconomi csandﬁnance.Dur i ngeachof t hes eev ent s ,apr omi nentacademi corpr act i t i onerwi l ldel i v erat al konat opi cdr awnei t her f r om t hei rr es ear chort hei rwor k,andadi s cus s i onwi l lf ol l ow wi t hmember soft heaudi ence engagi ng t he s peak eron t he t opi c.Thes e ev ent swi l lbe open t o al lmember sofMDAE, academi csands t udent sf r om ot heri ns t i t ut i ons ,aswel lasgov er nment ,bus i nes sandi ndus t r y l eader s , andot hermember soft hepubl i c.

WORKSHOPS/ ECONLAB The Wor ks hops / Econ Labswi l lmor e cl os el yt r ackwhatt he s t udent shav el ear ned i nt he cl as s r oom,andbr oadenanddeepent hei runder s t andi ngofi t .Dur i ngeachoft hes eev ent s ,a pr omi nentpr of es s i onal economi s twi l l del i v erat al konaconcr et er eal wor l dpr obl em t hatheor s hehasgr appl edwi t h,andt hatpr obl em wi l ls er v easani l l us t r at i v eappl i cat i onofconcept s l ear nedi nt hecour s es . Eachoft heCor eCour s eswi l l of f erWor ks hops / EconLabs , whi l eeachof t hes t r eamsi nt heEl ect i v eCour s eswi l lal s oof f eri t sowns etofWor ks hops / EconLabs .

MDAEs t u d e n t sa r er e q u i r e dt oa t t e n dt h eS p e a k e rS e r i e sa n dWo r k s h o p /Ec o nLa be v e n t sa st h e yp r o mi s et ob e i mp o r t a n to c c a s i o n sf o rs t u d e n t st on o to n l ye n h a n c ea n ds o l i d i f yt h e i ru n d e r s t a n d i n go fe c o n o mi c s ,b u ta l s o n e t wo r kwi t hp o t e n t i a l e mp l o y e r s .

E.HonorCode I nor derf orMDAEt odel i v erat opqual i t ypr ogr am t oi t ss t udent s ,and i nor dert hat s t udent smayﬂour i s hatMDAE,t her ear ecer t ai ns t andar dsofconductt hats t udent sar e ex pect edt omai nt ai natal l t i mesdur i ngt hei rt enur eatMDAE. Thes es t andar dscons t i t ut e t heSt udentHonorCode,ands t udent smus tt ak eper s onalr es pons i bi l i t yt ouphol dt he v al uesens hr i nedi nt heHonorCodei nt hei rs peech, act i ons , andi nt er act i onswi t hf el l ow s t udent sandot hermember sofMDAEatal lt i mes .

St udent ss hal lt r eateach ot herand ot hermember sofMDAE wi t hr es pect ,f ai r nes sand cour t es y , andnots peakoracti namannert hatamount st ot hehar r as s mentori nt i mi dat i onof ot her s , ort hej eopar di s i ngoft hei rownand/ orot her s ’ s af et y .

St udent ss hal l mai nt ai ns t r i ctdi s ci pl i nei nt hecl as s r oom andot hers t udys paces . Thi si ncl udes adher i ng t ot he s chedul e ofl ect ur et i mes ,and notus i ng mobi l e phones ,camer as ,MP3 pl ay er s , andt hel i k ei nt hecl as s r oom andot hers t udys paces–ex ceptwi t ht hecons entoft he f acul t yi ns t r uct orori nemer gencys i t uat i ons .

St udent ss hal lal way scar r yt hei rMDAEi s s uedi dent i t ycar dswhi l eont heMDAEpr emi s esor whi l er epr es ent i ngMDAEatot herpl aces .Fur t her ,as t udents hal lbepr epar edt opr oduce hi s / heri dent i t ycar df ori ns pect i oni famemberofMDAEs houl ddemandt os eei t .

St udent ss hal lnotcons umeal cohol ,ni cot i ne,oranyot herr egul at edorbanneds ubs t ance whi l eont heMDAEpr emi s es .

St udent ss hal lex er ci s es t r i ctdi s ci pl i newi t hr es pectt oal ls ex ualmat t er swhi l eont heMDAE pr emi s es .Anyi ns t anceofas t udentengagi ngi nunwel comes ex ualadv ances ,r eques t sf or s ex ualf av or s ,orot herv er balorphy s i calconductofas ex ualnat ur e,wher es uchbehav i our of f endst her eci pi ent ,caus esdi s comf or torhumi l i at i on,ori nt er f er eswi t hj ob oracademi c per f or mance, wi l lcons t i t ut es ex ualmi s conduct .

F .

St udent ss hal lnotknowi ngl ycommi ti ns t ancesofcheat i ngorpl agi ar i s mi nanypor t i onoft he academi cpr ogr am.

St udent ss hal lnotcommi tt hef torpos s es ss t ol enpr oper t ywhi l eont heMDAEpr emi s es .

St udent ss hal lt ak ecar eofMDAEpr oper t yandhel pt ok eept heMDAEpr emi s escl ean.

I .

St udent ss hal lnotcommi tanyi ns t anceofr aggi ng.

SECTI ON3:SUPPORTSERVI CES A.Pl acementCel l MDAEhasanact i vepl acementcel lwhi chunder t akesnumer ousi ni t i at i vest oens ur e t hatt he s t udent sgett he oppor t uni t yt oi nt er actwi t ht he bes tcompani esand r ecei vet heneces s ar yt r ai ni ngt odowel li nt her ecr ui t mentpr oces s .

Pl ac ementf orl as tyear( 2016-2017) 93% ofs t udent sengaged i ni ndus t r yt hr oughf ul l-t i mej obs ,i nt er ns hi psand l i ve pr oj ect s .

Compani esandSec t or s 20compani eshi r edf r om campust hr oughoutt heyear( f orf ul lt i mej obs ,i nt er ns hi ps andpr oj ect s ) .

10% 30% 20%

BANKI NG &FI NANCI ALSERVI CES DATAANAL YTI CS I NDUSTRYCONGLOMERATES CONSUL TI NG

PUBLI CPOLI CY

15%

25%

I nt er ms ofj ob oppor t uni t i es ,t he f ol l owi ng ar es el ectcompani es t hathave eval uat eds t udent satMDAEf ori nt er ns hi ps / pl acement s / pr oj ect s : BANKI NG,FI NANCI ALSERVI CES&I NSURANCE( BFSI )

CONSUL TI NG &I NDUSTRY

DATAANAL YTI CS

PUBLI CPOLI CY

CONSUL TI NG &I NDUSTRY

PUBLI CPOLI CY

DATAANAL YTI CS

Sel ectcar eerdes t i nat i onsofoural umnii ncl ude:

CLI ENTSERVI CE,I NVESTMENTMANAGEMENT,MORGAN STANLEY ANAL YST,SOVEREI GN RATI NGSRESEARCH,DEUTSCHEBANK ANAL YST,ECONOMI CSRESEARCH&STRATEGY,RELI ANCEI NDUSTRI ES ANAL YST,POLI CYRESEARCH,I DFCI NSTI TUTE ANAL YST,I NDUSTRYANAL YST,CARERATI NGS ANAL YST,RI SKADVI SORY,DELOI TTE ANAL YST,RI SK,DUN &BRADSTREET

Pl ac ement sf orc ur r entyear( 201819) Pl acement sf ort hecur r entyearar es t i l longoi ng.However ,t hi si st her epor t( unt i l dat e) .

89% ofs t udent sengagedwi t hc or por at es Compani esandSec t or s 14compani eshi r edf r om campusunt i lnow ( j obsandi nt er ns hi ps ) .Mor ecompani es ar eexpect edbet weennow andJul y .

7% 29% 21%

BANKI NG &FI NANCI ALSERVI CES DATAANAL YTI CS I NDUSTRYCONGLOMERATES CONSUL TI NG

PUBLI CPOLI CY

14%

29%

BANKI NG,FI NANCI ALSERVI CES&I NSURANCE( BFSI )

CONSUL TI NG &I NDUSTRY

DATAANAL YTI CS

PUBLI CPOLI CY

Sel ectcar eerdes t i nat i onsofoural umnii ncl ude: SENI ORANAL YST,PORTFOLI O MANAGEMENT,RBS JUNI ORANAL YST,CENTRALRESEARCHGROUP ,J. P . MORGAN EXECUTI VE,FORSENI C&DI SPUTESERVI CES,FI NANCI ALADVI SORY,DELOI TTE CONSUL TANT,DATAANAL YSTI CS,FRACTALANAL YTI CS CONSUL TANT,FRAUD DETECTI ON,I NVESTI GATI ON &DI SPUTESERVI CES, ERNST&YOUNG ANAL YST,DATAANAL YTI CS,THI NKANAL YTI CS OFFI CER,TRADEFI NANCEPORTAL,EXI M BANK

Addi t i onal l y ,t he pl acementcel lhas t aken a numberofs t eps t o ens ur e“ j ob r eadi nes s ”oft hes t udent sl i keconduct i ng r es umebui l di ng wor ks hopsand mock i nt er vi ews ,i nvi t i ngs peaker sf r om t opandmi ddl emanagementt ogi vet al ksabout r el evant t opi cs ,i nvi t i ng compani es t o empl oy s t udent sf or l i ve pr oj ect s or i nt er ns hi ps ,as s i gni ngacor por at ement ort oeachs t udent ,andconduct i ng“ adayi n t hel i f eof ”s es s i onst ogi ves t udent saﬂavorofwhatat ypi caldayl ooksl i kei nt hel i f e oft hei rchos enpr of es s i on.

B. Li br ar yandI TSer vi ces

B. 1Li br ar y St udent swi l lhaveacces st ot hei nhous eMDAEl i br ar ywhi chwi l lhol dt hepr i mar y r ecommended t ext booksand r ef er ence.Theywi l lal s o have acces st ot he WTC l i br ar ys i t uat edont he31s tﬂoor .

B. 2I TSuppor t St udent s wi l lhave acces st o comput er t er mi nal s on MDAE pr emi s es .Thes e wor ks t at i onswi l lbeequi ppedwi t ht heneces s ar ys of t war et hats t udent sr equi r ef or t he pur pos esofacademi cs t udyand compl et i ng as s i gnment s .St udent swi l lal s o haveacces st oMDAERoam,t heAcademy’ si nhous er ecommendedWi Finet wor k.

SECTI ON4-ADMI SSI ON,FEESANDFI NANCI ALSUPPORT A.Admi ssi onPr ocess Whocanappl y? Al lunder gr aduat emaj or swi t hmi ni mum 50% mar ks . St udent swhoar es ki l l edi nquant i t at i veanal ys i swi l lhaveanadvant age

How t oappl y?

St ep1:Submi tanonl i neappl i cat i on f or m wi t ht woes s ays : 1)Es s ay1:Whydoyouwantt o s t udyEconomi cs ?( Wor dl i mi t :250) 2)Es s ay2:Cur r enteconomi ct opi c ofyourchoi ce( Wor dl i mi t :500)

3St eps

St ep2:Regi s t erf ort heonl i ne ent r ancet es twhi chwi l lcons i s tof t hr ees ect i ons : 1) Economi cs 2) Mat h 3) Logi calReas oni ng

St ep3:Bas edont hees s aysand ent r ancet es ts cor es : Sel ect s t udent s wi l l be cal l ed f or per s onal i nt er vi ews , conduct ed by t he academy' sf acul t yand academi c boar dmember s .

Theadmi s s i onpr oces s ,doneonar ol l i ngbas i s ,i shel di nt wophas es : Phas e1deadl i nei si nDec ember Phas e2deadl i nei si nJ une. St udent swhoappl ydur i ngPhas e1wi l lbegi venpr ef er encef or s chol ar s hi ps .

B.Fees Thef eesf ort he11mont hpr ogr am ar e₹6. 15l acspl usappl i cabl eGST , wi t ht hef ol l owi ngbr eak up:

TUI TI ONFEE

₹5, 08, 043

LI BRARY

₹53, 478

I TSERVI CES

₹26, 739

SUPPORTSERVI CES

₹26, 739

C.Fi nanci alSuppor t Weof f ert wot y pesofs chol ar s hi pst os el ects t udent sont hebas i sofmer i t : 1.Chanak y aSchol ar s hi ps , cov er i ng50% oft hecour s ef ees , wi l lbeof f er edt o2s t udent s 2.Adam Smi t hSchol ar s hi ps , cov er i ng33% oft hecour s ef ees , wi l lbeof f er edt o3s t udent s . Weal s ohav eat i eupwi t hCr edi l a,anHDFC Lt d.CompanyandI ndi a’ sﬁr s tEducat i onL oanss peci al i s t , whi chof f er sl oanscov er i ng100% oft hecour s ef eespl ust hecos tofl i v i ng.

SECTI ON5-STUDENTLI FE A.St udentPr oﬁl e( updat edf or201718)

Cl as sSt r engt h:27 Av er ageAge:22y ear s Mal e

Fr es her s

37%

66%

Ful l Ti me 34%

Pol ySci ence

Femal e 63%

Sci ence

10%

Commer ce 28%

SWAPNI LKARKARE CA, SENI ORANAL YST , PORTFOLI O MANAGEMENT , ROYAL BANKOFSCOTLAND " Thec our s ebundl esnotonl yv ar i ousas pec t sofec onomi c s , but al s ogoesbey ondt hec onv ent i onalr eal msoft hes ubj ec t .The s y l l abusf oc us eson appl i c at i on bas ed ec onomi c sand hel ps under s t andt her ealc r uxoft hes ubj ec t .I tt ac kl esanumberof pr es entdayec onomi c , pol i t i c alands oc i ali s s ues . Thenat ur eof t hec our s ehel psy out hi nkoutoft heboxandt hec l as s r oom di s c us s i onsf ur t herenhanc et heunder s t andi ngoft het opi c . The Ac ademy has a bunc h ofc ur i ous l ear ner st hatmade t he di s c us s i onsdi v er s eandknowl edgeabl e.Thet eac hi ngs t y l eof v ar i ous pr of es s or s and t he pr oj ec t sc onduc t ed mak es t he c our s eev enmor ei nt er es t i ng. Hav i ng had an Ac c ount i ng bac kgr ound, I was k een t o under s t andhowﬁnanc eandec onomi c sf unc t i onc ol l ec t i v el yt o r unt heec onomyandMDAEhel pedmebui l dt hes es y ner gi es . "

Economi cs 59%

RUTUJ AJ OSHI EXECUTI VE, FORENSI C & DI SPUTE SERVI CES TEAM, FI NANCI ALADVI SORYDEPT . St udy i ng atMDAE hasgi v en me a per s pec t i v e oft he way ' Ec onomi c si s appl i ed i n r eal wor l d s i t uat i ons .Af t er my ex per i enc eofwor ki ngwi t ht hepubl i cﬁnanc et eam oft heSt at e Gov er nment , MDAEhasgi v enmet heoppor t uni t yt owor ki nan ec onomi cc ons ul t i ngr ol e,ar ol et hatpr omi s est obui l donmy ex per i enc e ofec onomi cadv i s or yand whi c h enabl esme t o wor kwi t hpr i v at easwel laspubl i cs ec t orc l i ent s . Ther i gor ousc our s ewor k,al ongwi t hEc onl abs ,s peak ers er i es byemi nentec onomi s t sand amac r or es ear c hi nt er ns hi p,has enr i c hed myknowl edgeoft hes ubj ec tand hasgi v en mea pr omi s i ngs t ar ti nac ons ul t i ngc ar eer '

B.Li vi ngi nMumbai

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