Students of XLRI Jamshedpur would now be able to get more choices to pursue an MBA in economics. The Academic Council has approved the introduction new courses in the economics Area for BM and PMIR programs from the current academic year. Thus a student from XLRI could take up a major in HR, Finance, Marketing, Operations and systems areas will now have a wider range of courses to choose from in the Economics area.
Recognizing the trends in the private sector where employment of economists is expected grow faster than the existing rate of 36%, courses on advanced economics would be extremely relevant. At the entry level global consultancies, credit rating agencies, portfolio management companies, Banks and IFIs, multilaterals (Bank- Fund and UN family) and bilaterals with private sector portfolios are areas where the roles of managers require a sound knowledge of economics. Senior executives across the world’s largest organizations need to take into account the economic environment across the globe to formulate strategies for global growth.
The various courses being floated are Economic Analysis for Global Businesses, Econometrics, Demand analysis and Forecasting. These are in addition to existing courses on Industrial Economics and Competitive Strategies, Management of Private Public Partnerships, Entrepreneurship and New Ventures and International Business Economics. The courses would be offered to the Business Management (BM) and Personnel Management and Industrial Relations (PMIR) students of XLRI. Recognizing the recent trends of movements of labor across geographies and the new dynamics in labor management, it would be useful for the PMIR students to learn some of these courses. All the courses would be taking holistic perspectives of the global economy. Another trend observed by XLRI was the large increase among its PMIR alumni turning entrepreneurs and thus the courses would be on offer to them too.
The new full time faculties at XLRI for the economics courses are Dr. (Ms.) Suma Damodaran, Dr. Ms Sangeeta. Dr. Suma Damodaran is an expert in Market Structures, Competitive Strategies, Management education and on issues in Economic Development. Dr. Sangeeta is an expert on Econometrics and reforms in Transition Economies. Apart from this a number of noted economists would be taking guest lectures in the various courses to create an enriching learning experience.