IIM CALCUTTA

Program Overview

With the advent of globalization, there is a growing need for bracing up the Managers with the right insights in economic analysis and policies in the global context. The Executive Program in Global Economics introduces the participants to basic economic principles, theories, tools and some important applications. The participants at the end of the program are better able to understand and act on the significant economic events happening around them.
Issues taken up in the course are varied and relate to the reasons behind mergers taking place and the motives of the regulators who sometimes try to stop mergers, how the markets are segmented and different prices charged to different sets of customers, how the foreign exchange rate is determined and why there has been an increase in it after the US Financial crisis, what repo/reverse repo rate is, when and why the Reserve Bank of India increase/decrease these rates, how recession is caused, what fiscal deficit is and what is all the controversy around it, etc.

Application Closure Date	20th July 2012
Date of Announcement of Selection List	7th August 2012
Date of 1st Installment	22nd August 2012
Date for 1st Class 25th	August 2012
Programme End Date	August 2013

This course is specially crafted for those professionals who require knowledge of Economics in their jobs but who do not possess it and wish to fill the gap. Persons from varied range of professions may belong to this group from lawyers working in law firms to journalists working in business magazines.

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

Proficiency in English since it would be the medium of instruction.
Basic numerical ability and mathematical skills – including Algebra (eg. Equation of Straight Line), Basic Differential & Integral Calculus and Ability to Interpret Graphs.
Ability to reason logically
General awareness – including knowledge of Industry

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

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

Professor Anindya Sen and Professor Parthapratim Pal will lead the program along with select faculty from IIMC.

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.

Application fee :	INR 2000
Total Fee:	INR 112500 + Service tax

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