B.Sc. Economics

Bachelor's Degree by SVKM's NMiMS - Sarla Anil Modi School of Economics Mumbai View Contact

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The innovative B.Sc. Economics program started in 2010 by the SVKM NMIMS’ Sarla Anil Surendra Modi School of Economics is a three-year full-time course program with Electives in Economics, Finance and Business Management. This program has nine trimesters.

The graduate level program is designed to challenge the mind, stimulate intellectual growth and make college life an exciting journey. The emphasis is on the overall development of the student, not only in academics, but also in co curricular activities. Students gain practical exposure through summer training, which provides an opportunity to develop Analytical Quantitative Written and Oral communication skills-that are valued by employers.

Thus the program not only lays the foundation for students to study further but also readies them for employment. It aids in inculcating values, to make the student a more responsible and socially aware citizen.

Unique Features

The B.Sc. (Economics) program is designed by a team of experts coming from both the academia and industry. It has the following salient features:

• Benchmarked against the Best Schools in Economics in the world.

• Provides holistic learning as
  a) It is well grounded in Social Sciences
  b) It is well integrated with both Business and Finance
  c) It introduces students to contemporary areas of Economics like Behavioural Economics, Experimental Economics, Economics of Community and Sustainable development.

• Innovative Pedagogy based on lectures, case studies, games, role play, simulations, seminars and workshops.

• Trains students for both academic and corporate research through year-long live research projects.

• Focus on developing Analytical, Writing, Organisational and Soft Skills.

• High Faculty-Student Ratio, Classroom size: 35 Students.

• Strong Foundation for careers in Finance, Management, Business and Government.

• Suitable for 12th standard students from Arts/Commerce/Science (with IB/IGCSE/ISC/HSC/CBSE backgrounds)

Program Duration

B.Sc. (Economics)–a 3 year graduation course

Program Objectives

The objectives of the unique B.Sc. Economics program of SAMSOE are to:

1. Impart Sound Knowledge–To give students a thorough understanding of Economic concepts and a comprehensive grounding in the analytical methods of Economics.

2. Develop Skills and Enhance Abilities–To develop skills in applying methods to a diverse range of problems, both microeconomic and macroeconomic. To be able to analyze and construct complex arguments and to communicate these arguments effectively. To teach students to think critically, read and write.

3. Encourage overall growth–To create an environment where students treat learning as a lifetime process. To adopt a more holistic approach to education with emphasis on development of soft skills, leadership training, personality development and value education. To stress on ethical and moral values in society and to awaken the participative civic spirit among the students.

4. Provide Practical and Contemporary Know-how-To have a system which will prepare students to face the challenges of a continuously evolving job market, by constantly renewing and evolving their knowledge and skills.

Expert Committee

Expert Committee- The program was devised by an expert committee comprising of

• Mr. Shalin S. Divatia–Chairman

• Dr. Rajan Saxena–Vice Chancellor

• Dr. M. N. Welling–Pro-Vice Chancellor

• Dr. Ranganath Bharadwaj–Chairman, Institute for Educational Research & Development

• Dr. Abhay Pethe–Director, Dept. of Economics University of Mumbai

• Dr. C.S. Deshpande–Executive Director, Maharashtra Economics Development Council

• Mr. Dharmakirti Joshi–Director and Principal Economist, CRISIL Ltd.

• Dr. Siddhartha  Roy–Economic Advisor, Tata Group

• Ms. Amita Vaidya–Coordinator

Teaching Innovations made at SAM SOE

1.Introduction of contemporary curriculum benchmarked against the best Universities. The curriculum consists of courses such as ‘Economics of Environment and Sustainable Development’, ‘Experimental Economics’, ‘Behavioural Economics’, ‘ Economics of Gender’ and ‘Intellectual Property Rights’ which are novel at the undergraduate level in India.

2. Holistic learning through a blend of subjects including Liberal Arts (Sociology, Psychology, Political Science etc.), Law, Management, Finance and Marketing.

3. Teaching-Learning process with extensive use of computers. IT skills introduced as a part of the curriculum.

4. An option provided to students to specialize in Economics, Finance or Business. Thus students can opt for a degree in B.Sc.(Economics), B.Sc. (Economics and Finance) or B.Sc.(Economics and Business) in the Third year.

5. Innovative Pedagogy which consists of the use of games, case studies, movies, simulation exercises, debates, role play and group discussions.

6. Use of Black Board ICT technology.

7. Development of soft skills through courses on Communication Skills, Creative Writing, Motivation, Lateral Thinking and Leadership Skills. A Workshop on Lateral Thinking was conducted in the academic year 2010 – 2011.

8. Unique peer learning and self learning programme through group work and projects / presentations. Interactive Class Sessions.

9. Introduction of a course ‘Economic Times’ linking theory with practice. Students learn to relate theoretical concepts learnt in the classroom with real life economic developments.

10. Introduction of Seminars in the second year which would be included in the assessment.

11. Introduction of a 5% component of lectures in each course to be taken by industry experts. This seeks to increase the industry- academia interface.

12. Introduction of a Research Paper in the third year to encourage self learning.

13. Organizing a series of guest lectures by eminent industry experts to address the students on various topical issues. As part of this series, the School of Economics invited Mr. Ketan Mehta Director Hindi Film Industry, Mr. K. Ramkumar, Executive Director ICICI, Mr. Dharamkirti Joshi, Director and Principal Economist CRISIL, Dr. Abhay Pethe, Director Department of Economics University of Mumbai, Mr. Shalin Divatia, Chartered Accountants, S.R. Divatia & Co, and Mr. Anil Jaggia, CIO HDFC Bank.

14. Signing of an MOU with ICICI Bank to offer e-learning modules to the students of the School.

15. Compulsory Summer Internship at the end of each year for all students and the students required to submit summer internship reports which are assessed.

Pedagogy

Teaching, Learning and Evaluation

The process of learning and teaching will be done through an integration of:

• Classroom teaching

• Group learning

• Peer learning

• Self learning

• Games

• Simulations

• Role Play

• Case Studies

Lectures, Training and Projects

• 24 to 30 contact lectures per week

• 50 contact lectures per trimester for the core subjects

• Summer Training

• A research project in the final year

Evaluation Criteria

Students are required to have a minimum of 80% attendance in every subject in each trimester.

The evaluation for each subject will be according to the following norms:

Passing criteria in each subject would be as per the rules of NMIMS Deemed-to-be University. The Grade Point Average and Cumulative Grade Point Average would be awarded to the student at the end of each trimester. The class for final degree would be awarded on the basis of performance of all the three years combined.

Curriculum - B.Sc. Economics

SVKM's NMiMS - Sarla Anil Modi School of Economics

The world order is rapidly changing and the ‘slumbering elephant’ is actually racing ahead to catch the ‘speeding tiger’. The erstwhile ‘takers’ have become the ‘givers’ and are widely recognized as the drivers of the world economy. Be prepared to witness dramatic changes ahead.

Economic policies, which were shunned earlier are now ‘The policies of the millennium’ pursued by all, irrespective of their ideological leanings. India’s young vibrant population is today perceived as its main strength. Similarly, India’s independent and well calibrated approach to the issue of full capital account convertibility, while preventing the ill effects of the global financial crisis, has proven to be a beacon in the art of Monetary Policy and Exchange Rate management for Central Banks all over the world.

In this changing world order and a globalised environment, Economics is emerging as a crucial ‘science’, the understanding of which is rooted in the Humanities, the application of which is based on Quantitative Methods and the impact of which is all pervasive whether it be International Relations and Politics, Finance, Management or Business. It is the recognition of these inter –linkages, which has led NMIMS, in its pioneering role, to set up the Sarla Anil Modi School of Economics and to introduce the innovative undergraduate B.Sc. (Economics) program.

The program, with its innovative pedagogy, contemporary curriculum incorporating the latest developments in Economics, along with the enhancement of soft skills and a blend of theory with practice, seeks to provide holistic education.