It is essential for management students to understand and analyze the economic and policy environment in which businesses operate. Further, economic principles underlie important areas of management studies, viz., finance, strategic management, organization design, and personnel management.
Over the past fifty years, the Economics Group at the Indian Institute of Management Calcutta has successfully executed its mandate to educate management students in the salient economic theories and practices of the day, and has maintained its pre-eminence in India in Economics teaching and research.
In teaching post-graduate and executive students, the Group distills and disseminates the central bodies of knowledge in Microeconomics, Macroeconomics, Growth and Structural Change and Econometrics. The core courses offered to the students enable them to comprehend (i) the workings of different industries, and (ii) the workings of different economies and the transition from a developing to a developed economy (with special focus on India).
In addition, faculty members of the Economics Group offer a large portfolio of elective courses that address the following aims:
- to train students to better understand the modern world economy – with courses in areas of Economic Growth and Sustainable Development; Monetary, Fiscal, and Industrial Policies; and International Trade and Globalization; and
- to train students to become better decision-makers in today’s complex and evolving business environment – with courses in areas of Business Policy, Game Theory, and Applied Econometrics.
Indeed, the Economics Group faculty members are active researchers in the above-mentioned areas of study, and they mentor the research of the Fellow Programme students who do their doctoral work in Economics.
Click Here for details about the faculty members in the Economics Group.