Annual Economics Conference
The Second Annual Economics Conference organized by Sarla Anil Modi School of Economics-NMIMS (Mumbai) in collaboration with The Indian Econometric Society was held on 12th February, 2018. This conference provided a platform for research scholars and faculty members from various eminent institutions across the country to deliberate on empirical findings, advances in economic theory and policy implications related to role of financial technology in the economy, issue of non-performing assets in large public sector banks, exchange rate dynamics and other such relevant issues related to emerging market economies.
The inaugural session was held at Juhu Jagruti Hall from 9.30 AM to 11.30 AM. Welcome address was delivered by Dr. Sharad Mhaiskar, Pro Vice Chancellor, NMIMS and Dr Rajan Saxena, Vice Chancellor, NMIMS officially inaugurated the conference. The keynote speech on ‘aspects of policy modeling’ was delivered by Mr. Ashish Kumar Chauhan, MD & CEO of Bombay Stock Exchange. The conference talk on the subject ‘on the appetite for official reserves’ was delivered by Dr. M. Ramachandran, Professor, Pondicherry Central University and Vice-President, The Indian Econometric Society. The inaugural session was closed with a vote of thanks by Prof.Amita Vaidya, Dean, Sarla Anil Modi School of Economics-NMIMS.
The pre-lunch technical session was started at 11.45 AM. Three papers, namely ‘Explaining Financial Globalization to South Asia: The Role of Governance by Dr. Dinesh Kumar Nayak (NIPFP), ‘Demonetization and non-cash payment modes’ by Mr.Kiran Limaye (NMIMS), ‘Developing an Early Warning System for Currency Crises in BRICS’ by Mr. Balaga Mohana Rao (IIT-Mumbai) were orally presented followed by brief presentations by the concerned discussants. All the presentations were chaired by Dr. M.Ramachandran. The session was closed at 1.15 PM.
The post-lunch technical session was started at 1.15 PM. Out of three papers, two papers namely ‘Relation between Bank Ownership and Bank Performance : Evidence from the Indian Banking Sector’ by Dr.Lalitagauri Kulkarni & Ms.Shefali Pardeshi (GIPE) and ‘Asymmetric Exchange Rates and Unofficial Exchange Rate Interventions: Evidence from India’ by Dr.Suni Paul( MSE)& Dr. Anand.B (NMIMS) were orally presented and ‘Demystifying the association among Carbon emissions, Country Development & Qualitative Factors: A Novel Approach’ by Megha Jain & Aishwarya Nagpal (FMS-DU) was presented through Skype. All the sessions were chaired by Prof. M.Ramachandran. The technical sessions came to an end at 3 PM. After the technical session, the session chair Prof.M.Ramachandran had addressed the gathering and delivered a brief lecture on ‘the conduct of research’, the session chair had also announced the best paper award. Mr. Balaga Mohana Rao from Department of HSS, Indian Institute of Technology Bombay has won the best paper award along with a cash prize of Rupees 7000.
International Visitors
| Date | Course | Topic | Guest |
| 20/02/2018 | NA | "Effective Business Communication Skills -The art of speaking for life" | Evlon Dsouza, Public Speaker, Communication Skill Trainer Co-Founder, In-country (on behalf of Webster University) |
| 12/02/2018 | NA | Changing World Order: Is Western decline inevitable and will developing economies shape the 21st century institutionalism? | Prof. Simon Sweeney, Senior Lecturer, University of York |
| 07/09/2017 | NA | Developing Strategic Intent for Sustainable Success | Dr Jens Mueller (MNZM) from University of Waikato, New Zealand |
| 08/08/2017 | NA | German central bank's views on current political and economic challenges in Europe. | Deputy Governor of Bundesbank, The German Central Bank |
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 |
| 24/03/2018 | Financial Economics | Macroeconomic and Geopolitical risks and its implications for the Financial Markets in the short to medium run | Ms. Teresa John, Economist at Nirmal Bang Securities |
| 23/03/2018 | Economics of Geopolitics & International Relations | India's Role in Geopolitics | Dr. Srinath Raghavan Senior Fellow at Centre for Policy Research, New Delhi |
| 22/03/2018 | Indian Economy | Liquidity Adjustment Facility (LAF) | Ms K.M Neelima Research officer, Department of Economic Research and Policy, Reserve Bank of India, Mumbai. |
| 14/03/2018 | Business Strategy | Business Strategies | Ms Poojaa Jadhav , Founder & Chief Trainer, The Hexis Consulting |
| 16/02/2018 | Public Finance and Policy | Public Goods, Optimal provision of public goods, Private provision of public goods, Public provision of Public goods | R. N. Bhaskar, consulting editor with both Free Press Journal and Moneycontrol-Network18 |
| 12/02/2018 | Economics of Geopolitics and International Relations Economic Governance & Policy |
Changing World Order: Is Western decline inevitable and will developing economies shape the 21st century institutionalism? | Prof. Simon Sweeney, Senior Lecturer, University of York |
| 02-11-2017 | Principles of Management | Tourism Management and Marketing | Ms. Alpa Jani, Trade Relations Manager, South African Tourism 5% Component |
| 01-11-2017 | Marketing Management | Modern Marketing Concepts in Indian Printing Industry | Ms Poojaa Jadhav , Times of India 5% Component |
| 28/10/2017 | Money, Banking & Financial Institution | Banking and Finance: An overview of the financial industry | Mr. Ramanuj Lal, Partner, Alternate Risk Premia Investments |
| 27/10/2017 | Economics of Environment and sustainable development | Sustainable Business | Prof. Trupti Mishra, Assistant Professor , IIT 5% Component |
| 26/10/2017 | Indian Economy | India's current macroeconomic policy | Ms Dipti Deshpande , CRISIL 5% Component |
| 09/10/2017 | Corporate Finance | Mergers and Acquisitions | Mr Kevin Shah , Kevin Enterprises 5% Component |
| 23/09/2017 | International Economics | Free trade agreement/global development with special reference to india | Mr. Meheuz Basar Mollah Economis, Economic Laws Practice (ELP). 5% Component |
| 15/09/2017 | NA | Experience in Banking | Mr. Dhaval Patel Product Head of Avance Financial Services Ltd. |
| 09/09/2017 | Effective Communication | Group Discussion | Mr. Abhimanyu Asija CEO |
Pedagogy
Movies / Documentaries
| Date | Movie | Course |
| March 2018 | Hindi Movie "Badmash Company". LessonsTo be learnt are that unethical strategies may succeed only in the short and will be disastrous in the long run. | Business Strategy |
| March 2018 | March 2018 Our democracy no longer represents the people. Here's how we fix it - Larry Lessig - TEDx | Political Science |
| March 2018 | How the Net destroyed democracy - Lawrence Lessig - TEDx | Political Science |
| March 2018 | Field Survey | Indian Economy |
| February 2018 | Peepli Live | Indian Economy II (B.Sc. Economics) |
| February 2018 | Blood Diamond | International Economic |
| February 2018 | Peepli Live | Public Policy |
| February 2018 | Samvidhan | Political Science |
| February 2018 | The Insignificant Man | Political Science |
| February 2018 | The State against Blacks | Economic Governance and Policy |
| January 2018 | Inequality for All | Economic Governance and Policies |
| January 2018 | Too Big to Fail | Intermediate Macroeconomics |
| January 2018 | Mind over Money | Behavioural Economics |
| January 2018 | I.O.U.S.A | Macroeconomics II |
| January 2018 | India Re-monetized | Indian Economy II |
| January 2018 | The Rise & Fall of Socialism | Political Science |
| January 2018 | CNN-Power of Putin | Political Science |
| December 2017 | India's service sector Pistulya Two |
Indian Economy |
| October 2017 | Argo (2012) | Development experience of major economies of the world |
| October 2017 | Population Myth by Hans Rosling | Theories of Growth and Development |
| October 2017 | Love is a fallacy | Logic |
| October 2017 | Life and Debt | International Economics |
| September 2017 | English Movie "Thank you For Smoking" was screened to illustrate how Marketing Principles were effectively used. | Marketing Management |
| September 2017 | Sherlock Holmes | Logic |
| September 2017 | Bitter seeds | Research methods |
| August 2017 | The Big Short | Money, Banking & Financial Institutions |
| July 2017 | Guns Germs Steel – Episode 2 nto the Graveyard - Documentary Baiga Tribes gets habitat rights for the first time - Documentary |
Development experience of major economies of the world Economics of Environment and Sustainable Development Economics of Environment and Sustainable Development |
Video Clips
Video Clips screened for T.Y.B. Sc.
| Date | Name of the video clip | Course |
| February 2018 | Why we think its ok to cheat and steal (sometimes) | Behavioral Economics |
| February 2018 | De-globalization | Economic Governance and Policy |
| January 2018 | Video Lecture by Prof: Michael Porter of Harvard University on Competitive Strategies Part-1 Hour 12 Minutes. Video Lecture by Prof: Michael Porter of Harvard University on Competitive Strategies Part-II-1 Hour 18 Minutes. |
Business Strategy |
| November 2017 | Breaking Bad Game Theory Part 1 (vs. Decision Theory) | Game Theory |
| August 2017 | The Public Goods game Panel Discussion on Inequality by Debraj Ray and Kaushik Basu |
Game Theory Development Economics |
| July 2017 | Video Lecture by Dr.Philip Kotler on Mantra of Marketing. Video Lecture by Steve Jobs of Apple on Best Marketing Strategy-Think Different. Video Lecture by Steve Job of Apple. Video Lecture by Dr.Philip Kotler on 8 Ways to Market your Way to Growth. |
Marketing Management |
Video Clips screened for S.Y.B. Sc.
| Date | Name of the video clip | Course |
| January 2018 | Private prisons | Public finance and policy |
Video Clips screened for F.Y.B. Sc.
| Date | Name of the video clip | Course |
| February 2018 | JK Rowling, Harvard Commencement Speech https://www.youtube.com/watch?v=wHGqp8lz36c | Creative Writing |
| January 2018 | 10 20 30 Principles | Creative Writing |
| November 2017 | The Power of the Market: The Pencil BBC: How an ageing population will change the world How will Lee Kuan Yew govern India? |
Development Experience of Major Economies of the World |
| October 2017 | German Mittelstand | Development Experience of Major Economies of the World |
| August 2017 | As part of test component – 'Slash and burn agriculture' and 'Major trends of 2017: Drone deliveries' | Development experience of major economies of the world |
| August 2017 | Brazil: The Coffee nation | Development experience of major economies of the world |
| July 2017 | Fears of Boom and Bust: Hayek vs. Keynes - Video Clip Fight of the Century - Video Clip |
Principles of Macroeconomics Principles of Macroeconomics |
Case Studies are used extensively as part of the curriculum at SAMSOE. Some of the case studies used are listed below.
Case used for T.Y.B. Sc. Economics
| April 2018 | Corporate Governance Failure at ENRON: Open Discussion in the class by students of all Three Groups. | Business Strategy |
| April 2018 | 1. Sheikh Mohammed and the Making of 'Dubai, Inc.' 2. Dubai: Global Economy |
Economic Governance and Policies |
| March 2018 | 1) Wipro Ltd. – the New Face of Global Competition 2) Nano is Paradigm – Busting Innovation 3) The Poorest Continent 4) Western Drug Companies and the AIDS Epidemic in South Africa 5) Mittal Built the world’s Biggest Steel Firm from scratch – at Internet Speed 6) Subsidy – Dogfight – Boeing v/s Airbus 7) FDI in Venezuela’s Petroleum Industry 8) Starluck’s FDI 9) The Politics of Trade in Steel |
International Business |
| February 2018 | Sustaining an Ethnic Soft Drink – Paper Boat: Brand positioning and consumer behavior. | Behavioural Economics |
| February 2018 | 1. Case Study: Turn Around Trauma was presented by Group1 on 7-2-18 2. Case Study: Survival Stakes was presented by Group No.2 on 7-2-18 3. Case Study: The Case of Strategy Planning was presented by Group No.3 on 7-2-18. |
Business Strategy |
| February 2018 | 1. Leading the Tata Group (A): The Ratan Tata years 2. Leading the Tata Group (B): The Cyrus Mistry years |
Economic Governance and Policies |
| January 2018 | Case Study ETOP of HUL was presented by Group 1. Case Study: ETOP of TCS was presented by Group No.2 Case Study: ETOP of Cadbury was presented by Group No.3 |
Business Strategy |
| December 2017 | SEBI Allowing use of commodity derivatives Commodity futures prices for price discovery Futures on bitcoin Valuation of mid cap companies |
Risk Management |
| December 2017 | 1. Case Study "Business Strategies of Marico Limited” was presented by Groups 1 & 2 on11-12-2017 and by Group 3 on 18-12-2017. 2. Case Study "The Case of the Niche Bike" was presented by Groups 1 ,2 ,& 3 on 20-12-2017. |
Business Strategy |
| October 2017 | 1) Case Study of Zero Waste Disposal System: Sweden 2) Case Study of Waste Disposal System: Norway 3) Boston air quality |
Economics of Environment and Sustainable Development |
| September 2017 | 1) Fair & Lovely, Creating Demand- presented by Students on 04-09-2017 | Marketing Management |
| September 2017 | 1) Case Study of Ganga Action Plan 2) Case Study of Solid Waste Management in Eldoret Municipality 3) Case Study of Klang Valley |
Economics of Environment and Sustainable Development |
| September 2017 | 1) Organization Change at GE 2) Managing – The HP way 3) "Future Car” – Strategies in MST 4) The challenger Accident – Lessons Learnt in Management 5) Role of Communication in Management 6) Walmart in America & Around the World – Strategies of Success 7) An International Case on Reengineering The Business Process at Proctor & Gamble 8) International case study on How Lexus was Born & Succeeded in US ? 9) International Case Study on Restructuring at Koreas Daewoo |
Principles of Management |
| August 2017 | Monte Carlo Simulations in R to show properties of estimators 1) Haldiram’s getting the 4 Ps right-Presented/Discussed by Students on 7th & 9th August 2017 2) Buying Behaviour of Women& Men- Presented/Discussed in the class by students on 22-08-2017 3) Burnol-Presented/Discussed by Students on 23-08-2017. 4) Fair & Lovely, Creating Demand-Will be presented/Discussed by Students on 30-08-2017. |
Marketing Management |
| August 2017 | Case study of Darukhana and Alang Shipyard | Economics of Environment and Sustainable Development |
| August 2017 | Case study of DADRI Plant (NTPC) Case study of Commonwealth Games in India 2010 Case study of Mundu Tribe in India |
Economics of Environment and Sustainable Development |
| August 2017 | 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 |
Economics of Environment and Sustainable Development |
| August 2017 | Case study of US: Great Depression Elinor Ostrom and the tragedy of the commons |
Economics of Environment and Sustainable Development Game Theory |
| July 2017 | 1) Eastern Bank.-Presented/Discussed in the class by the student’s on24-07-2017. 2) Super Asia Pipes Private Ltd.-Presented/Discussed in the class by students on 26-07-2017. 3) Marketing of Milk-Amul-Will be Presented/Discussed in the class by students on 31-07-2017. |
Marketing Management |
Case used for S.Y.B. Sc. Economics
| Date | Topic | Course |
| February 2018 | 1. Calculation of future cash inflows and to find out viability of the project. (ICAI Journal) 2. Preparation of cash flow statement ((ICAI Journal) |
Analysis of Financial Statement |
| December 2017 | IFRS on Valuation of inventory, investments, Segmental reporting, Revenue recognition and events occurring after balance sheet date.(Source- ICAI Journal ) | Analysis of Financial Statement |
| November 2017 | Basel III: An Evaluation of New Banking Regulations, 910N29-PDF-ENG | Money Banking and Financial Institutions |
| October 2017 | 1. Decision making 2. Cost sheet 3. Budget |
Management Accounting |
| September 2017 | Euro crisis as a Dutch syndrome | International economics |
| August 2017 | Third Bi-monthly monetary policy, RBI 1. working capital statement 2. Financial statement (Balance sheet and profit and loss account) |
Money, Banking & Financial Institutions Managerial Accounts |
Case used for F.Y.B. Sc. Economics
| Date | Case Study used | Course |
| March 2018 | 1) Caste & Politics: Khairlanji 2) Religion & Politics: Communal tensions with cases such as 1947, 1984, 1993, 2002 3) Dalit Literature: Namdeo Dhasal |
Political Science |
| February 2018 | Mazdoor Kisan Shakti Sangathan for RTI | Political Science |
| February 2018 | Mrs. Carlill Vs. Carbolic Smoke Balls, Mohori Bibee Vs. Dharamdas Ghosh, Purabi Banerjee Vs.Basudeb Mukherjee | Law |
| February 2018 | Harvey Vs. Facie , Lalman Shukla Vs. Gauridutt , Balfour Vs. Balfour | Law |
| January 2018 | Lenin in Russia and Pol Pot in Cambodia | Political Science |
| October 2017 | Case Study on Consumer Confidence in India: Neilson | Principles of Macro-economics |
| September 2017 |
1) Case Study on Inflation and Dutch Disease in Venezuela 2) Case study on Hyper-Inflation in Zimbabwe 2) Case study on Hyper-Inflation in Zimbabwe
|
Principles of Macro-economics |
Case used for F.Y.M. Sc. Economics
| Date | Case Study used | Course |
| March 2018 | Market Basket Analysis | Predictive Analytics |
| August 2017 | Monte Carlo Simulations in R to show properties of estimators | Statistics and Econometrics |
Case used for S.Y.M. Sc. Economics
| Date | Case Study used | Course |
| December 2017 | SEBI Allowing use of commodity derivatives Commodity futures prices for price discovery Futures on bitcoin Valuation of mid cap companies |
Corporate Finance |
| August 2017 | Decoding one financial market scam each week Discussing the contributions of Nobel Laureates in Economics for their contribution to the field of Financial Economics |
Financial Economics |
Class Activities (Other Pedagogy)
| Date | Course | Pedagogical tools | Year |
| April 2018 | Business Strategy | Role Plays by students as under: 1) Bullying Boss. 2) Internal Negotiation. 3) Angry Customer. 4) Consulting. 5) Difficult/Vulnerable Patients. 6) Sales. | T.Y.B.Sc. Economics |
| March 2018 | Predictive Analytics | SPSS Software and Power point presentations | F.Y.M. Sc. Economics |
| March 2018 | Political Science | Discussion on Relevance of Gandhi’s ideas to present times Discussion on Right to Privacy and the Cambridge Analytical issue |
F.Y.B. Sc. Economics |
| February 2018 | Financial Economics | Debate on current financial issues | S.Y.B. Sc. |
| February 2018 | Financial Economics | Markowitz Portfolio Optimization using Excel Solver | S.Y.B. Sc. |
| February 2018 | Creative Writing | 1. Mind mapping points and ideas for "My favourite personality” 2. Drama in creative writing 3. How to write an advertisement? Exercise on writing creative pet advertisements 4. Grammar: Dangling modifiers and comma types 5. Writing a narrative by linking sentences/thoughts and ideas. 6. Writing a good lead and ending - Zinsser 7. Analysis and research of literary genres 8. Book reviews |
F.Y.B. Sc. |
| February 2018 | Intermediate Microeconomics | The Prisoner's Dilemma & Trust | F.Y.B. Sc. |
| February 2018 | Law | Chart Method | F.Y.B. Sc. |
| January 2018 | Political Science | Drawing Political Spectrum | F.Y.B. Sc. |
| January 2018 | Political Science | Discussion on contemporary relevance of Socialism and an overview of Socialist States on the world map | F.Y.B. Sc. |
| January 2018 | Creative Writing | Poetry in Economics and Understanding poetic devices using ICT How a picture tells a story: To analyze the details and write about a picture Writing a memoir: Structure and organization through reading and analysis of a short memoir Mapping details from childhood Tenses in Creative writing Grammar in Creative writing –Presentations on Bits and Pieces (Zinsser) |
F.Y.B. Sc. |
| January 2018 | Analysis of Financial Statement | Ratio analysis of live balance sheet from Colgate Pamolive India Ltd | S.Y. B. Sc. |
| January 2018 | Risk Management | Economic times technical derivative suggestion | T. Y. B. Sc. |
| January 2018 | Corporate Finance | Economic times, Foreign exchange suggestion | S.Y. M. Sc. |
| December 2017 | Analysis of Financial Statements | Live balance sheet of Colgate Palmolive (India) Ltd for calculating ratios liquidity, solvency, turnover, equity, valuation. | S.Y. B. Sc. |
| September 2017 | Financial Economics | R application of logit and probit models | S.Y. M. Sc. |
| September 2017 | Financial Economics | Discussion on Intelligent Investor – Chapter on Naïve investor's investment strategy | S.Y. M. Sc. |
| September 2017 | Financial Economics | Discussing major financial news of the week & Contributions of Nobel laureates in Financial Economics and decoding a financial scam. | S.Y. M. Sc. |
| September 2017 | Financial Economics | Finding optimal portfolio using R | S.Y. M. Sc. |
| September 2017 | Effective Communications | Student Performance in writing and Speech Email writing-Individual Email-Correction-group Loud reading and Silent reading for COMPREHENSION GUEST LECTURE-Group Discussion- How, What and Why is it IMPORTANT Great Writers and their ideas of writing &Discussion of letter Writing Principles of Business Writing Voice Modulation and Intonation Exercises |
F.Y. B.Sc. |
| September 2017 | Logic | Application of Logic through Logical puzzles | F.Y. B.Sc. |
| August 2017 | Principles of Macroeconomics | Quiz on US Economy: Classical vs Keynesian for the course Principles of Macroeconomics. | F.Y. B.Sc. |
| August 2017 | Game Theory | R-session on simulated mixed strategies. | T.Y. B.Sc. |
| August 2017 | Financial Economics | Discussion on Financial News of the week. | S.Y. M.Sc. |
| July 2017 | Money Banking and Financial Institutions International Monetary Economics Macroeconomics I |
Second Bi-Monthly Monetary Policy, Reserve Bank of India – Discussed | S.Y. B.Sc. , F.Y. M.Sc. & S. Y. M.Sc. |
Games & Experiments
Convocation - 2017
The Convocation ceremony for Sarla Anil Modi School of Economics, Sunandan Divatia School of Science and Kirit P. Mehta School of Law was held at Bhaidas Hall on 10 August 2017 at 11.30 am. The Chief Guest for the Convocation was Padmashree, Prof. Dr. N. R. Madhava Menon, Honorary Prof. & IBA Chair on Continuing Legal Education, NLSIU, Bangalore.
The following students were in the Dean's List:
The following were the awards given to the graduating students of The Sarla Anil Modi School of Economics.
Students Award
Special prize for organizing
