Academic Events YEAR 2014 – 15 

Games & Experiments

Economics concepts are taught through different games & experiments. Concepts such as law of variable proportion, oligopoly pricing, gains to trade, game theory are taught through innovative games.

A game played on “Making of the constitution” with F.Y.B. Sc. Economics students as a part of the course Political Science.

A Game played on "Oligopoly" with the First Year B.Sc. Economics students as part of `Intermediate Microeconomics` course.

A modified centipede game was played for the course Game Theory which helped to explain the concept of rollback equilibrium.

Following are some games for the course Principles of Micro Economics

1. Games on Opportunity Cost
2. Game on Market Clearing
3. Experiment on diminishing marginal utility
4. Game on equilibrium of the market
5. Game on double auction on equilibrium on the market.

Case Study

Faculty Development : 

1. Research Methodology Training Conducted by NMIMS in Collaboration with University of Illinois – attended by Prof. Rohit Muraleedharan & Prof. Kiran Limaye
   
2. Teaching Methodology Conducted by NMIMS in Collaboration with University of Illinois – attended Prof. Sneha Thayyil & Prof. Fatema Nahid
   
3. Governance Conducted by NMIMS in Collaboration with University of Illinois – attended by Prof. Amita Vaidya
   

Software Training : 

1. Training for statistical package SPSS was conducted for F.Y.B. Sc. Economics students as part of the course IT Skill
   
2. Hands on experience on R-Software was conducted for T.Y. B.Sc. Economics for the course 'Advanced Econometrics'.
   
3. Training for statistical package SPSS was conducted for S.Y.B. Sc. Students on September 15, 2014
   

Scenario Analysis

Scenario Analysis – ‘Greek Debt Crisis and the Possible Fallouts’ was discussed for the Third year B.Sc. Economics students on January 12, 2014 as the part of their ‘Advanced Macroeconomics’ by Prof. Rohit Muraleedharan.

Field Visit :

On February 12, 2015 The S.Y. B.Sc students, accompanied by Prof. Fatema Nahid, went to Kamshet to visit Mr. Balsavar’s ‘Organic Farm’ as a part of the Agricultural Economics course.

Mr. Balsavar is a member of Maharashtra Federation of Organic Farmers. He has been practicing Organic Farming since the last 22 years. He is also helping 20 small farmers in the region to practice Organic Farming and to market their produce.

The visit to the farm was followed by a talk by Mr. Balsavar on “Economics of Organic Farming and its Sustainability”. It was subsequently followed by an interactive session with the students.

S.Y. B.Sc. Economics students Visited along with the faculty member Prof. Rohit Muraleedharan to RBI Monetary Museum on October 31, 2014 to understand the history of money in India as part of the course on 'Money, Banking and Financial Institutions'.