A degree in economics is obviously useful. You\ncould go on to become an economist; work in public policy, civil services,\nfinancial or investment analysis, accountancy, business or data analysis; find\njobs at banks, consultancies, insurance firms, NGOs, research groups, think\ntanks, or governments.<\/p>\n\n\n\n
You can go into the depths of the discipline, learn\nall the theories and principles, but having a close connection with one of the\nmost relevant applications of the subject is a rare opportunity. This is a\nremarkable chance for people who\u2019re looking to leverage an economics degree to\nenter the realm of policy.<\/p>\n\n\n\n
Unlike typical postgraduate economics programmes,\nJSPG\u2019s brings in a strong focus to the actual policy making process. Students\nwill gain insights from economics that are applicable in public policy design,\nimplementation, analysis, and evaluation. <\/p>\n\n\n\n
- Study\neconomics at a multidisciplinary university <\/strong><\/li><\/ul>\n\n\n\n
\u201cInterdisciplinarity is a form of pedagogy that\u2019s\nrather recent. But at the same time, it\u2019s rather ancient. Adam Smith, who is\nregarded as the \u2018founder\u2019 of economics, wrote a book called \u2018The Wealth of\nNations\u2019. <\/em>He was also a philosopher. So another very important book he\nwrote is \u2018The Theory of Moral Sentiments\u2019. <\/em>He didn\u2019t differentiate in\nhis mind that there\u2019s a discipline like economics, another like philosophy, or\neven one like law,\u201d explains Prof. Sudarshan Ramaswamy, Dean, JSGP, elaborating\non the intrinsic interdisciplinarity of economics.<\/p>\n\n\n\n
Multidisciplinarity has been long since entrenched\nin the best of western universities like Harvard, Stanford or Yale. Now, the\neducation landscape in India is also adapting to the inspiring success of this\nmodel. Especially through ambitious young institutions like JGU, the approach\nto higher education is reshaping in a multidisciplinary way. <\/p>\n\n\n\n
\u201cIn economics, there is the concept of an \u2018economic\nman\u2019<\/em>, who is supposed to maximise his utility and act rationally. Now this\nis an artificial creation because no one is really<\/em> an economic man. So\nfor certain inferences of human behaviour, say the law of supply and demand,\nyou may posit a hypothesis or an assumption, but you still don\u2019t get a good\ngrasp of how human beings behave as economic agents if you entirely based your\ndiscipline on an assumption that\u2019s not well-founded. You need a more holistic\nunderstanding. And that\u2019s the basis of our quest for interdisciplinarity. Your\nknowledge base must draw insights from a number of disciplines,\u201d believes Prof.\nRamaswamy, emphasising the importance of an interdisciplinary education.<\/p>\n\n\n\n
- Strong\ntraining in qualitative as well as quantitative analysis<\/strong><\/li><\/ul>\n\n\n\n
\u2018Game Theory\u2019 is arguably one of the most\nfascinating subjects for young people studying economics. Even to simply define\nthe concept is a complicated task\u2014and there\u2019s nothing more exciting to sharp,\nyoung minds than a good challenge!<\/p>\n\n\n\n
So you can only imagine the kind of intellectual\nstimulation\u2014not to forget, the mathematical intensity\u2014it offers. How do\npeople make decisions?<\/em> Answering this all-important question by\nmathematically and logically analysing how independent decision-makers act in\ngames\u2014this \u2018science of strategy\u2019\u2014surely makes for captivating classroom\ndiscussions. If you\u2019ve enjoyed dabbling in game theory at the undergraduate\nlevel, you can look forward to two core papers on the subject in the M.A. Eco\nprogramme.<\/p>\n\n\n\n
Beyond deeper theoretical understanding of\neconomics needed at the postgraduate level, the programme focuses on solving\nreal-world problems. There is also a strong emphasis on monitoring and\nevaluating development interventions. This requires analysis at every stage.\nFrom game theory and mathematical and statistical tools to understanding human\nbehaviour, logic and communication, learning how to analyse problems, gather\ndata, organise, interpret, and evaluate it, propose predictions, and come up\nwith solutions to solve problems of the economy is covered every step of the way.<\/p>\n\n\n\n
- Faculty\nwith the best of academic, research and professional backgrounds<\/strong><\/li><\/ul>\n\n\n\n
As economies across the globe grow more complex,\ninterconnected and uncertain, nurturing an interdisciplinary perspective can go\na long way. In order to learn to make those connections, you need capable\nmentors. This is where the experience and expertise of faculty really matters\nat any institution.<\/p>\n\n\n\n
![\"\"](\"https:\/\/jgu.edu.in\/blog\/wp-content\/uploads\/2020\/04\/world-economic-forum.png\")
<\/figure><\/li><\/ul><\/figure>\n\n\n\nFor instance, studying the economics of the\nchanging socio-political context worldwide is an interesting prospect. At JGU,\nyou\u2019ll find the likes of Professor Swagato Sarkar, who draws from political\ntheory, sociology and political economy in his teaching and research\u2014a true\n\u2018interdisciplinarian\u2019. Or Prof. Rajeev Malhotra, who has worked with the\nGovernment of India, Planning Commission, the United Nations and as a\nconsultant to many international organisations before joining JSGP. Students\ncan make the most of his insights from the field, particularly his work in\nhuman rights and development, which is a pertinent issue today.<\/p>\n\n\n\n
This is the kind of experience and expertise\navailable to students at JGU. Faculty come from the best of global\ninstitutions. They are actively engaged in interdisciplinary research\nthemselves, bringing in cutting-edge domain knowledge to their pedagogy. Many\nhave done significant work in the field, be it through academic contributions\nor professional work.<\/p>\n\n\n\n
- Exposure\nto the latest developments and research in the discipline<\/strong><\/li><\/ul>\n\n\n\n
At JGU, learning is contemporary, dynamic and deep.\nThrough lectures, tutorials and focussed group discussions, the latest\ndevelopments, debates and research in the discipline are woven into classroom\ndiscussions. More critically, perhaps, so are other issues. <\/p>\n\n\n\n
For instance, talking about coronavirus, or\nCOVID-19, is important today. Not just from a healthcare point of view, but\nconsidering its impact on the global economy. To understand the\nmultidisciplinarity of the global context, it\u2019s needed to stay abreast of\ncurrent affairs even beyond domain-specific topics.<\/p>\n\n\n\n
The two-year programme covers 12 core courses on\nMicroeconomics, Macroeconomics, Statistics, Mathematical Methods for Economics,\nComputational Methods for Economic Analysis, Game Theory, Development\nEconomics, Econometrics and Indian Economy. Students can choose six electives\nfrom a number of theoretical and applied courses centred around new and\nemerging areas of economics.<\/p>\n\n\n\n
As a research-driven university, opportunities for\nstudent-led research are galore. As part of the programme as well, students\nwill work on a final-year dissertation. Faculty will give one-on-one guidance.\nAs an alternative to the dissertation, one can also choose to do two additional\nelectives.<\/p>\n\n\n\n
- JGU\nhas excellent linkages with government organisations, corporations, consultancy\ncompanies and NGOs, as well as collaborations with top global institutions for\nhigher education<\/strong><\/li><\/ul>\n\n\n\n
A major advantage of studying at a university of\nglobal repute like JGU is the access if offers to an impressive network. JGU\nhas consciously forged collaborations with organisations related to the fields\nof study at different schools\u2014in this case, focussing on, governments at\nnational, state and local levels, consultancy companies, non-profit\norganisations, NGOs, policy sectors and think tanks. <\/p>\n\n\n\n
Students who want to specialise and study further\ncan make use of the university\u2019s extensive global collaborations with the best\nof higher education institutions. This measure of exposure and opportunity is\none of the reasons young students today are realising the immense potential of\nprivate universities like JGU with strong industry and academic connections.<\/p>\n\n\n\n
Admissions & eligibility<\/strong><\/p>\n\n\n\n
Admissions to the programme commencing on 1st\nAugust 2020 are now open. Students must have a bachelor’s degree in Economics\nor any other social science subject; or in Statistics, Physics, Mathematics,\nCommerce, Business and Engineering. Interested candidates must fill an online\napplication form – http:\/\/jsgp.edu.in\/<\/a>\n– and take the online JGU Entrance Test. This will be followed by a personal\ninterview. Scholarships are awarded taking into account evidence of merit and\nmeans after a personal interview.<\/p>\n","protected":false},"excerpt":{"rendered":"
Indian-American economist Prof. Abhijit Banerjee, Prof. Esther Duflo and Prof. Michael Kremer won the Nobel Prize in Economics last year\u2014the Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel, to be precise\u2014for their experimental approach to alleviating global poverty. For young Indian students interested in economics, it was Continue Reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":1859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-1777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-public-policy"],"_links":{"self":[{"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/posts\/1777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/comments?post=1777"}],"version-history":[{"count":5,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/posts\/1777\/revisions"}],"predecessor-version":[{"id":1876,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/posts\/1777\/revisions\/1876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/media\/1859"}],"wp:attachment":[{"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/media?parent=1777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/categories?post=1777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/tags?post=1777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- JGU\nhas excellent linkages with government organisations, corporations, consultancy\ncompanies and NGOs, as well as collaborations with top global institutions for\nhigher education<\/strong><\/li><\/ul>\n\n\n\n
- Exposure\nto the latest developments and research in the discipline<\/strong><\/li><\/ul>\n\n\n\n
- Faculty\nwith the best of academic, research and professional backgrounds<\/strong><\/li><\/ul>\n\n\n\n
- Strong\ntraining in qualitative as well as quantitative analysis<\/strong><\/li><\/ul>\n\n\n\n