ACADEMIC YEAR 2016 17

First Annual Economics Conference February 11, 2017

Sarla Anil Modi School of Economics organized its First Annual Economics Conference on 11th February, 2017. The theme of the conference was ‘Contemporary Issues in Economic Development with special focus on Emerging Economies’. The keynote address, Macroeconomic Vulnerability and Prospects for the Indian Economy, by Dr. Ravindra H. Dholakia. Prof, Economics and Public Systems, IIM Ahmedabad.

Seven papers were presented in two parallel pre-lunch technical sessions on International Trade and Finance and Development Economics. The papers dealt with wide ranging issues in like margins of trade, stock market integration, urbanization, state of construction workers and others. Ms. P.A.Lakshmi Prasanna, Senior Scientist with Indian Institute of Rice Research, Hyderabad was presented with the best paper awarded for her paper titled ‘Nexus between land inequity and stunting in children - insights from district level analysis for India’.

The first session was chaired by Dr. M.H. Suryanarayana, Professor, IGIDR and Dr. C. Veeramani, Assistant Professor, IGIDR

Post lunch seven papers were presented in two parallel technical session – Development Economics and Applied Economics - of the Research Colloquium. Ms. Tanima, a final year B.Sc. Economics student of Sarla Anil Modi School of Economics, NMIMS, Mumbai was awarded the best paper award her paper on ‘Effect of Ethnic Diversity on Economic Growth in India’.

The second session was chaired by Dr. Sarthak Gaurav, Assistant professor, IIT Bombay and Dr. Mona Bhalla, Associate Professor, ASMSOC, NMIMS.

Photo Gallery

International Visitor

Date	Course	Topic	Guest
14th February 2017	Economic Governance and Policies	Seeing the Invisible Hand	Prof. Alex Tabarrok, Bartley J. Madden Chair in Economics George Mason University
7th November	NA	Inclusive Growth: Inequality and the targets for policy reform	Prof. Sayantan Ghosal, Professor, University of Glasgow

Guest Lectures by Experts

SAMSOE has pioneered a unique model of having 5% of the lectures of all core subjects conducted by industry experts in the subject. This year has begun with the following renowned professionals conducting lectures and giving students a chance to interact with them and see for themselves how the theory taught in class blends with the practical.

Date	Course	Topic	Guest
29th March 2017	Applied Econometrics	Experimental Methods for Impact Evaluation	Mr. Sumit Patil, Res. Director Neerman
27th March 2017	Business Strategy	Business Strategy Formulated For The Start Up Company-The Hexis Consulting	Pooja Jadhav, Founder & Chief Trainer, The Hexis Consulting
24th March 2017	Public Finance & Policy	Political Economy and Public Policy	Pratyush Bhaskar, Business Journalist
15th March 2017	Economics of Geopolitics & International Relations	Geopolitics and International Relations - The changing global order.	R.N. Bhasker, Consulting Editor, Asia News
4th March 2017	Financial Economics	Impact of change in Fundamentals on Market Price	Mr. Nitesh Bhati, Assistant General Manager, SEBI
1st February 2017	Behavioral Economics	Experimental Economics	Dr. Shubhro Sarkar, Assistant Professor, IGIDR
10th December 2016	Creative Writing	Creative Writing	Rochelle D'silva, Poet
5th November 2016	Money, Banking & Financial Institutions	Investment Banking	Mr. Ramanuj Lal, Partner, Alternate Risk Premia Investments
22nd October 2016	Time Series Econometrics Indian Economy	Functions of the RBI and use of Time series Econometrics in Monetary Policy	Pratik Mitra, Director Monetary Policy, RBI
22nd October 2016	Marketing Management	Digital Marketing	Dolly Jha, Executive Director, Nielsen
21st October 2016	Game Theory	Imperfect information games	Dr. Shubhro Sarkar - Assistant Professor, IGIDR
21st October 2016	Mathematical Economics & Statistics	Infinity	Dr. Shivangi Chandel, Lecturer Meghnad Desai Academy of Economics
15th October 2016	Effective Communication	How to make your own website	Mr. Rishi Gangoly, India's first website coach
12th October 2016	Economics of Environment & Sustainable Development	Vehicular & Industrial Pollution	Dr. Vinish Kathuria - Associate Professor, Shailesh J Mehta School of Management IIT, Bombay
8th October 2016	Primary Data and Conducting surveys for Research	Research Paper (M. Sc. Economics)	Gaurav Sarthak, Assistant Professor, Shailesh J. Mehta School of Management IITB
3rd October 2016	Pricing Methods industry application	Pricing & Resource Management	Mr. Satish Belani, Head, Data Scientist A.C. Nelsion
27th September 2016	Principles of Management	Socio Economic implications of BREXIT	Mr. M. P. Rege Retired commissioner Commodity Board. Executive Director of Different Co.
26th September 2016	Corporate Finance	Private Equity and LBO	Mr. Parth Gandhi M.D. Aion Capital
19th September 2016	Marketing Management	Modern Marketing Concepts in the Newspaper Industry	Ms Poojaa.V. Jadhav, Director & Chief Trainer, THE HEXIS CONSULTING
9th September 2016	Research Paper (M. Sc. Economics)	Use of Secondary Data for Research	Dr. Vinish Kathuria - Associate Professor, Shailesh J Mehta School of Management IIT, Bombay
6th September 2016	International Economics	China's slowdown & its impact on the Indian Economy	Mr. R.N.Bhaskar- Consulting Editor, DNA
1st September 2016	Research Paper (M. Sc. Economics)	Introduction to Research Methods	Prof. R. Nagraj, Professor, IGIDR

Pedagogy
Movies / Documentaries

We at SAMSOE, believe that simply studying from textbooks is not enough. Today, it is important to acquire skills that would enable individuals to apply their classroom training to a rapidly changing world. Towards this end, we incorporate various modern techniques to engage out students and instil in them the spirit of inquiry.

Case studies and real world examples are integral part of the curriculum at SAMSOE. That apart, students are shown movies and documentaries to help them associate textbook knowledge to real world scenarios. In some course students are engaged with the subject matter through games and other class activities.

Date	Movie	Course
March 2017	Brazil’s Bolsa Familia 1991 Balance Payment Crisis Piper How exchange rate works Raghuram Rajan on Monetary Policy How Accounts were Fudged at Satyam. Satyam Computers Scam	Indian Economy Creative Writing Indian Economy Business Strategy
February 2017	"GURU”-Life story of Shri Dhirubhai Ambani. Business Strategy Wall Street Financial Economics< The Budget Verdict 2017 Public Finance and Public Policy Monetary Policy and Budget 2017 Intermediate Macroeconomics India- by BBC Political Science Origin of Indian Constitution by SC Judge Justice Rohinton Nariman Brexit Explained Economics of Geopolitics & International Relations China Vs USA- Empires at War Joseph Nye- Soft Power China Vs India- BBC Documentary	Business Strategy Financial Economics Public Finance and Public Policy Intermediate Macroeconomics Political Science Economics of Geopolitics & International Relations
January 2017	Even the Rains (2010) The Imitation game (2014) Margin Call The Corporation What is Liberalism What is Socialism What is Marxism - Followed by a discussion Brief History of Cold War 1945-1991 USA Vs. USSR- Power Distribution in the World Politics	Economic Governance and Policies Intermediate Microeconomics Financial Economics Public Finance and Public Policy Political Science Economics Geopolitics & International Relations
December 2016	Promised Land (2012) Syriana Inequality for All (2013) Mind over money Geopolitical Prognosis Part I Geopolitical Prognosis Part II The Day India Partitioned BBC Part I The Day India Partitioned BBC Part II	Ecode – II Economics of Geopolitics and International Relations Economic Governance and Policies Behavioral Economics Economics of Geopolitics & International Relations Political Science
October 2016	Nil Battey Sannata (2016) Stanford Prison Experiment Myth of Overpopulation by Hans Rosling	Development Economics Research Methods Theories of Growth and Development
September 2016	Lehman Brothers Bankrupt Life and Debt The Day After Tomorrow The Big Short Promised Land Pink	Capital Markets International Economics Economics of Environment and Sustainable Development Money Banking and Financial Market Economics of Environment and Sustainable Development Introductory Sociology
August 2016	Too Big to Fail 42	Macroeconomic Theory International Economics

Films

Video Clips
Video Clips screened for M. Sc.

Date	Movie	Course
July 2016	42	Ecode – I

Date	Name of the video clip	Course
August 2016	Monetary Policy Press Meet	Macroeconomic Theory I

Video Clips screened for T.Y.B. Sc.

Date	Name of the video clip	Course
March 2017	3ie Video on Impact Evaluation Blue Ocean Strategy Corporate Governance Failure in Enron-Whistle Blower-Ms Sharron Watkins	Applied Econometrics Business Strategy
February 2017	Dan Ariely, Richard Thaler video clips	Behavioural Economics
January 2017	Dan Ariely-Ted talks Prospect Theory Visitation of Independence Axiom Browsor Wars	Behavioural Economics
December 2016	Justice by Michael Sandel Fifth bi-monthly monetary policy press conference You need Strategy for your Organization-By Prof: Michael Porter of Harvard University. Leader Talk-In Conversation with N.R.Narayana Murthy & Prakash Padukone by Rajdeep Sardesai-CNN/IBN.	Economic Governance and Policies Advanced Macroeconomics Business Strategy
September 2016	Porsphe Take Over A 1978 interview of Indira Gandhi referring to her economic policies and the fallout of Emergency rule	Capital Markets Indian Economy - I
August 2016	Video on Consumer Behaviour by Coca-Cola Sterilizing India	Marketing Management Indian Economy - I
July 2016	Video Lecture by Dr. Philip Kotler on Marketing Mantra. Video Lecture by Mr. Steve Jobs, Late CEO of Apple-Best Marketing Strategy. The Public Goods Game	Marketing Management

Video Clips screened for S.Y.B. Sc.

Video Clips screened for F.Y.B. Sc.

Date	Name of the video clip	Course
February 2017	Wall Street Warrior- Season 1	Financial Economics
September 2016	Short video on international income inequality	Theories of Growth and Development
August 2016	Monetary Policy Press Meet Video on Decision Making Process-How Consumers make Buying Decisions The Big Fight- Do high marks ensure success in life- A Focus Group Discussion	Money Banking and Financial Institutions Research Methods

Date	Name of the video clip	Course
March 2017	How the stock market works	Intermediate Microeconomics
February 2017	Video shown in class- Talk Show by John Oliver titled "Fashion" discussing the international supply chain in the textile industry Major trends of 2017 The Economic survey: Parliament presentation by Arvind Subramanian	International Economics I Ecode – II
December 2016	Third Bi-monthly Monetary Policy Fifth Bi-monthly Monetary Policy	Intermediate Macroeconomics
October 2016	Ted talks- Brain Magic	Effective Communication
September 2016	Office Farming in Japan The Barbie doll & Apple iPhone Double Irish Dutch sandwich tax strategy German Mittelstand Inside Job	Development Experience of Major Economies of the World Principles of Macroeconomics
August 2016	Going inside Brazil’s favelas They don’t really care about us – Michael Jackson Hague ruling on the South China sea The Tiananmen square massacre Unique ways to deal with China’s pollution The Manhattan Project Charlie Chaplin’s satires of WWII & the Industrial Revolution Henry Ford’s Assembly line turns 100 Obamacare Shashi Tharoor – Britain owes reparations London 2012 Olympic opening ceremony – The Industrial revolution	Development Experience of Major Economies of the World
July 2016	Guns, Germs & Steel The Best Stats You've Ever Seen - Hans Rosling - TED Talks Fears of Boom and Bust: Hayek vs. Keynes Into the Graveyard	Development Experience of Major Economies of the World Principles of Macroeconomics FY A&B Economics of Environment and Sustainable Development

Case Studies are used extensively as part of the curriculum at SAMSOE. Some of the case studies used are listed below.
Case used for M.Sc. Economics

Date	Topic	Course
July 2016	Equity of the sexes	Statistics and Econometrics I

Case used for T.Y.B. Sc. Economics

Date	Case Study used	Course
March 2017	Making stick Stick: The Business of Behavioral Economics	Behavioral Economics
February 2017	Survival Stakes The Case of Hysterical IT Company The Case of Successful SBUs The Case of Strategic Acquisition	Business Strategy
January 2017	Progressa Case Study (Cornell University) The Case of Counter Strategy Turn Around Trauma	Applied Econometrics Business Strategy
December 2016	Case of Tata Consultancy Services and Apple Case of Kyoto Protocol Case of PAT Scheme in India	Behavioral Economics Business Strategy
November 2016	XYLYS: Exploring Consumer Perception about Premium Watches in the Indian Context Note on Behavioral Economics The Case of the Niche Bike- The of Strategy Planning	Economics of Environment and Sustainable Development
October 2016	Case of oil prices Case of Kuznets Curve in Developing Countries Case of EU Emission Trading System in India Case of South African Carbon Trading System Case Study: Product Management in Maruti Udyog Case Study: ARC Pharmaceutical Company Case Study: Hewlett-Packard: A Channel Strategy Dilemma- Case Study: Dell Computer	Economics of Environment and Sustainable Development Marketing Management.
September 2016	Lehman Brothers Friendly Cards Nike Valuation of Haze Management and Prevention in China Modal Shift Study in Klang Valley, Malaysia Solid Waste Management Service within the Sekondi – Takoradi Metropolis in the Western Region of Ghana Travel Cost Approach for Valuing Recreation Benefits of Fthiotida Coastal Zone Frooti’s Innovative Campaign Coca-Cola	Capital Markets Corporate Finance Economics of Environment and Sustainable Development Marketing Management.
August 2016	Case study on executive selection criteria Case study on Change Mgt & TQM Risk minimization by diversification. Story of Samsung Portfolio Weights, Shorting and Porsche takeover by Volkswagen Case study of Mundu Tribe in India Case study of Forest Rights Act in India Case study of Zambia Coastal Floodplains Case study of Sundarbans Wetland Case Study of Alaska Trust Fund Case Study of Pacific Island Nauru Case Study of New Methodology to estimate National Income Case Study: Super Asia Pipes presented by Groups 3&4 on 01-08-2016. Case Study: Marketing of Milk-Amul -presented by Groups 1& 2 on 08-08-16 Case Study: Burnol-presented by Groups 3 & 4 on 10-08-16. Case Study: Buying Behavior of Women & Men-had open discussion in the class on 17-08-16. Case Study: Fair & Lovely-Creating Demand-presented by Groups 1 & 2 on 31-08-2016. Case Study: Haldiram’s getting the Four "P”s Right-presented by Group No.3 on 31-08-16	Principles of Management Capital Markets Economics of Environment and Sustainable Development Marketing Management
July 2016	Equity of the sexes Inclusion of disabled child in general high school education- An ethnographic analysis Metzler’s Paradox	Mathematical Economics and Statistics –II Research Methods International Economics

Case used for F.Y.B Sc. Economics

Case used for S.Y.B. Sc.

Date	Case Study used	Course
March 2017	Case of Exchange Regime and Capital Mobility in China and Cuba	Intermediate Macroeconomics

Date	Case Study used	Course
March 2017	Case of Exchange Regime and Capital Mobility in China and Cuba Case study on Role of BRICS in Greece and Cyprus Case study of Political Implications of RCEP Case of OBOR and AIIB Case of CPEC Case study of Political Implications of India-ASEAN FTA Case of Fourteenth Finance Commission Case of Fiscal Responsibility Legislation Accounting of tangible and intangible asset	Economics of Geopolitics and International Relations Public Finance and Public Policy Analysis of Financial Statement
February 2017	Consolidation of accounts Cash flow Borrowing cost	Analysis of Financial Statements
January 2017	Farm Policy in United States Case of Bandra Worli Sea Link Case Study of US Tax Reforms Case Study of Iran US Nuclear Deal Case Study of Brazil Price Method Case Study of Syrian Conflict String of Pearls (a kind of case study or Reference) Case study on IFRS on segmental reporting, Events occurring after the balance sheet date, Revenue recognition and Inventory valuation	Public Finance & Policy Economics of Geopolitics and International Relations Analysis of Financial Statement
December 2016	Case of Automated Teller Machines Case of Lavasa Hill Station Price War and OPEC Israel-Palestine Conflict Decision making (ICAI journal)	Public Finance and Public Policy Economics of Geopolitics and International Relations Analysis of Financial Statements
September 2016	Working Capital and Cost Sheet	Managerial Accounts
August 2016	Why India Votes – An Ethnographic case study by Mukulika Banerjee (LSE)	Research Methods

Case used for F.Y.B. Sc.

Date	Case Study used	Course
December 2016	Case Study on Capitalisation of Banks Case Study of Demonetisation	Intermediate Macroeconomics
October 2016	Case study on Phillips Curve	Principles of Macroeconomics
September 2016	Students Performance- Feedback Case of Inflation in India	Effective Communication Principles of Macroeconomics
August 2016	Case study of Zambia Coastal Floodplains	Principles of Macroeconomics

Games & Experiments

Bonus game based on the budget and major current affairs for the course Ecode II
Heckscher Ohlin Game – Online Game played in class to test the student’s ability to apply theories learnt in class to a simulated setting for the course International Economics I
Socratic Method / ICT for the course Political Science
Calculating Individual’s Risk Tolerance (Wall Street Journal Survey) for the course Financial Economics
Analyzing candlestick charts using stock prices of SAIL and Tata Motors for the course Financial Economics
Consumption Expenditure Survey in Nehru Nagar and Indira Nagar, Vile Parle West for the course Development Economics
A game Law of Variable Proportion was played for the course Principles of Microeconomics
Neutral vs Female-Tasks were played in class in the form of competitive games to test for the gender based behavioral differences. This was done as part of the Gender module for the course Development Economics.
A game of Pictionary was played for the course Principles of Macroeconomics
Sampling game: To the woods was conducted for the course Research Methods
In-class experiment based on ‘The Keynes Beauty contest’ and discussion was done for the course Game Theory.
Game on Trading on Equity Markets: Basic Concepts of Bid Ask spreads, Trend Analysis, Technical Analysis was conducted for the course Capital Markets.
Game on Advanced trading strategies, Algorithmic trading, Pair trading was conducted for the course Capital Markets.
A game was conducted to show why markets don’t clear under Central Direction for the course Principles of Microeconomics for F.Y. B. Sc. Economics
The game "International Trade” was played by the students of S.Y.B. Sc. for the course International Economics.

Software Training

Excel exercises for the course Intermediate Microeconomics
Application of panel models using R for the course Econometrics-II
Propensity score matching in R for the course Applied Econometrics
Applications in R for the course Econometrics - II
- Cointegration in R
- ARCH/GARCH models in R
Using technical indicators to identify buy and sell signals using last 3 months data for TCS in Excel for the course Financial Economics
Applications in R for the course Applied Econometrics
- Identifying outliers
- Regression diagnostics
- Quantile regressions
- Panel data models
Applications in R for the course Econometrics - II
- Finite distributed lag models
- Box-Jenkins model fitting for time series data
- Times series forecasting
Using Excel for calculating Cronbach’s Alpha for survey data for the course Research Methods
Central Limit Theorem- Visualization using R for the course Mathematical Economics & Statistics

Class Activities

Worksheets – at regular intervals for the course Intermediate Microeconomics
Budget derivative trading strategy Derivative strategy for IPOs for the course Financial Economics
Role play and Dialogue - Student read their Creative writing in class for the course Creative Writing
Discussion and Creative Composition as groups and individuals for the course Creative Writing
Newspapers- CURRENT TRENDS Oscar winning- animation film Impromptu Story telling based on words given by students for the course creative Writing
Discussion on very short run effect on budget on financial markets for the course Financial Economics
Discussion on Economic Survey 2016 and Budget 2017-18. There was a classroom discussion in which students were asked evaluate the key features of the Union Budget based on the Economic Survey findings for the course Indian Economy – II
Group Project Presentation. Students were introduced to WITS database on international trade. Each group was allotted a country pair. The group had to make a presentation discussing the nature of trade between the two countries, the impact of trade barriers on trade patterns. And also comment on possible reasons for data discrepancies between countries for the course International Economics I
Socratic Method / ICT / Debate for the course Political Science
Socratic Method / ICT / Debate on the impact of globalization over Geopolitics of South Asia for the course Economics of Geopolitics & International Relations
Class Discussion on Make in India Campaign using the individual assignments of students on different sectors under the campaign for the course Indian Economy - I
Reading the (2016) budget document in class in preparation for Union Budget 2017 for the course Indian Economy - I
Popular Investment Strategies and Linking it to equity valuation methods for the course Financial Economics
Chapter reviews from following books for the course Financial Economics
- The Intelligent Investor
- Random Walk Down the Wall Street
- Nudge
Socratic and Seminar Method Audio Visual Aid for the course Economics of Geopolitics & International Relations
Newspaper Articles and On-line Articles for the course Intermediate Macroeconomics
Socratic and Lecture Method Audio Visual for the course Political Science
Masters of Economy Version I for the course Principles of Macroeconomics
Papers with regard to the challenges for employment generation in India for the course Indian Economy.
Following activities were done in class for the course Effective Communication:
- Speech Presentations
- Speed Reading Test
- Interactive Lecture
- Mindmapping
- Demos- positive Body Language
- Speech Exercises
Group Activity on Worksheet for the course Principles of Microeconomics.
Content Analysis using MS word was done for the course Research Methods
Students were given newspaper articles on various aspects of India’s labour market (in class). They then were asked to characterize the Indian labour market and the outline the key areas of concern. Subsequent lectures will address these issues along with basic material on employment in India for the course Indian Economy.
Paper Analysis: Students were walked through original research papers by Angus Deaton for the course Development Economics
Central Limit Theorem- Visualization using R for the course Statistics & Econometrics for M. Sc. Economics.
The Session on content analysis of Annual reports using Flesch software was conducted for the course Research Methods for S.Y.B. Sc. Economics.
Data Familiarity (Classroom training for using public databases) was done for the course Theories of Growth & Development & Development Economics for S.Y. B. Sc. & T.Y.B .Sc. Economics.

Convocation - 2016

The Convocation ceremony for Sarla Anil Modi School of Economics, Sunandan Divatia School of Science and Anil Surendra Modi School of Commerce was held at Bhaidas Hall on 2 August 2016 at 10.30 am. The Chief Guest for the Convocation was Mr. Noshin Kagalwalla, Managing Director, SAS Institute (India) Pvt. Ltd.

The following students were in the Dean's List:

Shivani Mittal
Himanshu Agarwal

The following were the awards given to the graduating students of The Sarla Anil Modi School of Economics.

Students Award

The first rank holder with a CGPA of 3.94 who got Gold Medal – Shivani Mittal
The second rank holder with a CGPA of 3.78 who got Silver Medal – Himanshu Agarwal
Best student for consistent Academic Performance 2013-16 – Shivani Mittal
Best All Rounder – Himanshu Agarwal
Best Speaker - Ayush Banerjee
Best Organizer - Sanskriti Jain

Special prize for organizing

Himanshu Agarwal
Shashwat Dhuliya
Dheer Patel
Ayush Banerjee

Best Staff award

Ms. Vishakha Sawant