The discipline of Economics, arguably, is at the core of all management principles. Indeed the basic principles of Marketing, Financial, Human Resources, Strategic, Organization Design and General management would easily find overlap with some Economic theory. It is then essential to understand the economic and policy environment within which businesses function.
The Economics department at IIM Indore is engaged in a variety of activities. The department is significantly involved in teaching in the integrated programme (IPM) where the curriculum is benchmarked to the best of three-year Economics honours programmes in India and abroad. The other significant commitment include teaching foundation and elective courses in the two-year MBA and Executive programmes.
The department has expertise in almost all the major areas in economics such as Applied Microeconometrics, High Dimensional econometrics, Game theory and Mechanism design, Choice theory and Welfare economics, Productivity and Efficiency analysis, Development economics, Poverty and Inequality, Institutional economics, Environmental economics, Formal and Informal Labour markets, Migration, Direct and Indirect tax, International Trade, Structural Transformation and Economic Growth, Fiscal federalism and Regional economics, International finance and Banking, Monetary Economics and so on.
The faculty members of the department are actively engaged in research and have multiple publications in the following journals.
Social Choice and Welfare, Games and Economic Behavior, Journal of Business Ethics, World Development, Economic Modelling, Journal of Development Studies, Review of Development Economics, Journal of Institutional Economics, Oxford Development Studies, Oxford Economic Papers, Regional Science and Urban Economics, Food Policy, European Journal of Political Economy, Journal of the Operational Research Society, the Journal of Business Logistics, Economic and Political Weekly, Journal of Developing areas, Economic Papers, International Journal of Social Economics, Ecological Indicators, International Journal of Green Economics, Desalination and Water Treatment, Poverty and Public Policy, Review of Economics and Institutions, Keio Economic Studies, Indian Journal of Economics, Analytique, International Journal of Corporate Governance, Journal of Public Affairs, International Journal of Technology Management and Sustainable Development, Journal of Emerging Market Finance, Finance India, Bank Parikrama, Thunderbird International Business Review, World Economics.
The department regularly offers the following elective courses across different programmes.
International Finance, Macroeconomics of Developing Economies, Indian Economy and Public Policy, International Trade, Tax Management, Competition Policy, Economics of Strategic Interaction, Monetary macroeconomics, Game Theory, Market Design, Behavioural economics, Public Finance, Environmental economics.
The department also has a strong Fellow Programme in Management (equivalent to PhD) where students go through a rigorous coursework comprising all the standard Graduate level courses like Advanced Microeconomics, Advanced Macroeconomics, Mathematical Economics, Advanced and Applied Econometrics, International Trade, Development Economics, Growth Theory, Monetary theory and Policy, and Game Theory. The usual duration is about four years including the coursework phase. For details please check http://www.iimidr.ac.in/academic-programmes/fellow-programme-in-management-fpm/
The department continuously looks for faculty and graduate students. Feel free to contact any of the area members or write to areachair-economics @ iimidr.ac.in.
- Humanities and Social Sciences
ABOUT THE AREA
The Humanities and Social Sciences (HSS) Area is one of the unique features of IIM Indore. The HSS Area comprised of faculty members from core disciplines in Humanities and Social Sciences, namely Law, Philosophy, Political Science, Psychology, Public Policy, and Sociology. The Area makes a distinctive contribution towards achieving the Institute’s vision of nurturing socially-conscious and humanistic managers, leaders, and entrepreneurs. With the growing expectation from business to shed its pure profit-making mind-set and contribute to the pressing concerns of humanity and society, the importance of HSS disciplines to the field of management education has been amplified.
The faculty members of the Area offer a diverse set of courses that aim to present a distinctive world-view to equip aspiring managers, leaders, and entrepreneurs develop a holistic understanding of business in the 21st century and in the days to come. The faculty members are engaged in offering various courses across all the major programmes managed by the institute. For the Integrated Programme in Management, the courses from the Area of HSS function as the programme’s building blocks during the first three years.
The Area of HSS offers both core and elective courses in Post Graduate Programme in Management (MBA), Post Graduate Programme in Management in HRM (MBA-HRM), Executive Post Graduate Programme in Management (EPGP), CCBMDO, and GMPE. So far, in these programmes, the Area has offered the core courses such as Ethics and CSR, Legal Aspects of Business, Ethics in Business Management; and electives such as Corporate Governance, Essentials of Human Values, Doing Business in China, Business, Government and Society, Marketing Ethics, Insider-Outsider Perspectives, Brain Talks @ Work, Understanding Culture and Society, Geo Politics and International Business, Understanding Behavioural Dynamics in Organization, Leadership Insights from Bhagvat Gita, Mental Health and Wellbeing at Work, and Thriving at Work.
In the Doctoral Programmes, the Area has offered electives, such as Seminar Course on Marketing Ethics, Social Cognition, Psychometry and Scale Development, and Research in Public Policy.
The area is active in the field of executive educations and successfully conducted MDPs for NTPC, ONGC, ARTRAC, etc.
The faculty are making pioneering contributions to re-exploring the interconnections by conducting research in the fields of Business Ethics, Marketing Ethics, Corporate Governance, Corporate and Economic Law, BRICS and Global Governance, Governance and Politics in China, Corporate Social Responsibility, Ethics in Organizations, Creativity in Education, Denotified Tribes, Gender and Inclusion, Public Policy and Management, Social Identity and Cognition, Organizational Behaviour, Social Movements, and Development Studies.
As an output, the faculty members have published in high impact academic journals, such as Journal of Business Ethics, PLOS One, Journal of Psychological Research, Psychological Studies, Psychology and Developing Societies, Journal of Environmental Psychology, European Journal of Social Psychology, Group Processes and Intergroup Relations, Journal of Developing Areas, Economic and Political Weekly, Asian Journal of Social Science, Journal of International Business Education, International Journal of Indian Culture and Business Management, Cognition and Emotion, Political Psychology, International Journal of Corporate Governance, International Research Journal of Finance and Economics, International Journal of Public Sector Performance Management, Internal Auditing, Vikalpa: The Journal for Decision Makers, Timing & Time Perception etc.