Executive Program In Global Economics
  • Overview
  • Dates And Fees
  • Course Content
  • Learning Experience
  • Faculty
  • Apply Now
Overview
Executive Program in Global Economics for Managers has been designed to help participants gain the required insights in economic analysis and policy in a global context. The program introduces the participants to basic economic principles, theories, tools and some important applications. After the successful completion of the program, the participants should be better able to comprehend the significance of economic events happening around them.
Why do mergers take place and why do the regulators sometimes try to stop mergers? How are markets segmented and different prices charged to different sets of customers? How is the foreign exchange rate determined and why did it increase after the US Financial crisis? What is a repo/reverse repo rate? When and why does the Reserve Bank of India increase/decrease these rates? How is recession caused? What is fiscal deficit? Why is there so much of controversy around it? Why has India been cautious in going for full capital account convertibility? Questions such as these illustrate the type of issues which will be taken up in the course.
Schedule & Duration
Duration
  • One Year
Schedule
  • Classes will be conducted on Sundays 9:00 am - 12:00 Noon
Who Should Attend
The potential participants are those who require knowledge of Economics in their jobs but do not possess it and want to fill up this gap. Persons from a wide range of professions may belong to this group. Examples would be professionals in specialized fields such as a lawyer working in a law firm. The target group may also include people with MBAs or equivalent degrees/diplomas who may feel that their knowledge of Economics is inadequate. It may be noted that barring a few exceptions, teaching of Economics in management institutes in the country is not of a very high order. It is also expected that organizations such as banks will be interested in sponsoring candidates as a part of their training programs for their officers particularly the fresh recruits. Moreover, journalists working for business magazines and newspapers will also be interested in acquiring a solid grounding in economic theories and applications.

Eligibility
  • Applicants should be working professionals/self-employed
  • Graduates (10+2+3) in any discipline with min. 50% marks [aggregate- considering results of all years (e.g. 3 or 4 together)] recognized by UGC/AICTE.
  • Minimum 2 years of work experience (full-time paid employment) post completion of graduation as on Application Closure Date
Program Directors/ Faculty
Professor Anindya Sen and Professor Parthapratim Pal will lead the program along with select faculty from IIMC.
Program Fees
 For Indian StudentsFor International Students
Application Fee Rs. 1500USD 100
Program Fee Rs. 75,000/-USD 3750
Registration Fee Rs. 1,875/-USD 190
Campus Fee Rs. 10,000/-Rs. 10,000/-
Total Fee Rs. 76,875 + Rs. 10,000/-USD 3940 + Rs. 10,000/-
  • Program fees are payable online or through DD drawn in favour of “Hughes Communications India Limited”.
  • Campus fee is mandatory and will be payable by student directly to “Indian Institute of Management Calcutta”.
  • Campus fee includes Books/ Study Materials Fee for the complete program.
  • Fee once paid is neither refundable nor transferable towards any other student/program/batch
  • Deferred payment schedule is also available.
Installment Details
Installment Date Amount INR Amount USD
Program Details
Lectures are divided into the following five modules

I: Introductory
  • Importance of Economics in the global environment
  • Use of Mathematics in Economics

II: Microeconomics
  • Demand-supply Analysis
  • Elasticity
  • Opportunity Cost
  • Production Costs
  • Firm Behavior
  • Perfect Competition
  • Monopoly
  • Pricing Strategies
  • Game Theory
  • Choice under uncertainty
  • Investment and capital markets
  • Asymmetric Information
  • Externalities and Public Goods

III: Macroeconomics
  • Overview of Macroeconomics
  • Measuring economic activity: National income accounting
  • Theory of aggregate demand, business fluctuations, recession, inflation
  • Fiscal policy for stabilization and growth
  • Financial markets and role of money
  • Central banking and monetary policy

IV: Global context International Trade
  • Why countries trade
  • Theories of international trade
  • Trade pattern across the world- trade and investment linkage through production networks
  • WTO and Trade Blocks
  • Protectionist trends in developed countries and their possible impact on international trade of goods and services

Capital Flows
  • Why developing countries need capital flow
  • Types of foreign capital flows
  • Foreign direct investment and foreign portfolio capital flows
  • Monetary policy and exchange rate in an open economy
  • How RBI manages exchange rate and money supply when there are large capital inflows and outflows
  • Foreign exchange reserves and their relevance in an open economy
  • Current and capital account convertibility

V: Globalization and inter-linkages between countries
  • Globalization and inter-linkages through trade and capital flows
  • Global imbalance- Current account of USA and foreign exchange reserves of developing countries
  • How financial crisis originating in US affects the entire world
  • How countries have planned to come out of global recession.
  • Macroeconomics behind exchange rate management in a connected world (Declining dollar, unstable euro and free Yuan)
  • An emerging world order? (BRICS, Asian drivers, Flying geese etc)
  • The role of multilateral organizations- IMF, World bank, WTO, ADB etc
  • Policy space for developing countries
Learning Experience
The program is aimed at providing the participants an understanding on how the economy functions and how different economic events and policies affect their areas of operations and make them more effective and successful. Such understanding is particularly essential in the complex, globalized environment in which economies operate today
Program Directors
IIM Calcutta will directly award the certificate of “Executive Program in Global Economics for Managers” to participants who complete the program successfully.IIMC will also offer Alumni status to its successful participants.
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