Top 10 – 2008 Crash

Understanding the 2008 Global Financial Crisis is essential for anyone interested in Economics and Finance, but there are a plethora of books available, which can get overwhelming. Dr. Indradeep Ghosh, who completed his PhD in Economics from Massachusetts Institute of Technology (MIT), has curated a list of top 10 books pertinent to the 2008 Global Financial Crisis and to the general topic of economic/financial crises. 1. Lords of Finance by Liaquat Ahamed (Non- fiction, Published, 2009)  Lords of Finance discusses the histories of the leaders of the Central Banks in 4 countries; Benjamin Strong Jr. of the New York Federal Reserve, Montagu Norman of the Bank of England, Emile Moreau of the Banque de France and Hjalmar Schacht of the Reichsbank in Germany. The book talks about their efforts to steer the world economy from the First World War until the Great Depression. The book won the 2010 Pulitzer Prize for History.         2. How Markets Fail by John Cassidy (Non-Fiction, Published, 2009) Written by renowned economist and journalist, John Cassidy, this book examines the history of economic theory and attempts to diagnose the recent rise and fall of markets, especially the housing bubble and the credit crisis from 2007 till 2009. John Cassidy argues against unfettered free-market ideology and supports government regulation in the financial industry           3. Hubris by Meghnad Desai (Non – Fiction, Published, 2013) Written by our very own Chairman of Meghnad Desai Academy of Economics, Lord Meghnad Desai investigates the evolution of economics and connects it to the occurrence of major political events. While understanding the timeline,...
What’s The Placement Process like at MDAE

What’s The Placement Process like at MDAE

The Placement Process Placements are an integral part of an academic institution in India. Most students, when deciding which college to attend, look at the placement record and evaluate how beneficial the institution will be for them. That is why we are proud to say that 95% of our students have been placed with an average salary of 7 lacs p.a. Meghnad Desai Academy of Economics recognises this and prioritises it too. From the moment a student is offered a place in the academy, our Placement Committee begins to identify the students preference. From there, together with the student, we work on building a CV. These one-on-one sessions coupled with interview preps are aimed to instil confidence in the student and to help them understand their strengths and weaknesses. Following this, we find companies that offer roles that the student would be interested in. Companies that have come on campus include Deloitte, J.P. Morgan, ANZ, IDFC Institute, Fractal Analytics, HSBC and many more. To know more about our placement process you can visit our website...
Rigor in Thought, in Action and in Outcomes

Rigor in Thought, in Action and in Outcomes

What Does Rigor mean to us? If you read our post on the four pillars of Meghnad Desai Academy of Economics, you already know what we stand for (if you haven’t, you can read it here). Let’s talk about what we mean by Rigour as one of our pillars. Rigor means that our students are challenged to think, perform, and grow to a level that they were not at previously. Our programs are rigorous because: 1. Curriculum Firstly, what other colleges and universities teach in 2 years, we teach in one year. Secondly, our professors are so invested in the students, they are constantly pushing them so they can reach their potential. 2. Quantitative training The one-year post graduate certificate in Economics with a specialisation in Data Analytics, Public Policy and Finance, provides a rigorous quantitative training. As a student, you learn Python, R Programming, Advanced Statistics and Mathematics. We understand the importance of quantitative training in today’s world and so encourage our students to have these skills. 3. Weekly Readings Every week, our professors send across an article to the students. These articles are about current affairs and related to the concepts they are learning. These articles are then discussed in class. Rigor in thought, in action and in outcomes is what Meghnad Desai Academy of Economics focuses...
INTEGRITY is what we say is what we do

INTEGRITY is what we say is what we do

What Does Integrity mean to us? If you read our post on the four pillars of Meghnad Desai Academy of Economics, you already know what we stand for (if you haven’t, you can read it here). Let’s talk about what we mean by Integrity as one of our pillars. Integrity is a vital part of any institution because students and parents put their trust in them. The students rely on institutions to guide them and give them a bright future. If MDAE does not do as we said we would, we are letting our stakeholders down. We are tainting our reputation, which is why integrity is necessary. How do we imbibe integrity? 1. Feedback of courses from every student After every module has been completed, we send across an elaborate and thorough feedback form to ensure the students are getting the most out of the course. MDAE values student feedback and always incorporate it in the following year. 2. Placements We take pride in our placements. During admissions season, our USP is that we provide placements of an average of 7 Lacs and we look at each individual’s preference and try to find a role best suited them. We ensure only the best companies hire our students. We have a 95% placement record, with students being placed in companies like J.P. Morgan, Morgan Stanley, Deloitte, Reliance Industries, HSBC, RBS, Fractal Analytics, Decimal Point Analytics, ID Insight, Gateway House and many more. Integrity to us means what we say is what we...
We are Agile. We are Nimble. We are Adaptive

We are Agile. We are Nimble. We are Adaptive

What Does Agility mean to us? If you read our post on the four pillars of Meghnad Desai Academy of Economics, you already know what we stand for (if you haven’t, you can read it here). Let’s talk about what we mean by Agility as one of our pillars. To be agile is to be able to move quickly and easily. How does being agile become a USP for an educational institution? 1. Curriculum MDAE is an autonomous institute of the highest caliber. This means that we have the freedom to create our own curriculum and not be bound by the regulations of the university. This freedom allows us to constantly change the curriculum to meet the needs of the corporate world. The Board at MDAE, which comprises of the Chief Economist at Aditya Birla Group, Research Director at IDFC Institute and Deputy Director at IMF, MD at J.P. Morgan and Partner at Aon Hewitt, helps develop the curriculum. These are professionals in the corporate world, the very people that know what skills and knowledge are required. 2. A wide variety of students Our PG Diploma in Economics with a specialisation in Economics, Data Analytics and Public Policy, caters to students from all kinds of backgrounds. We have had students studying here who come from marketing, engineering, statistics, mathematics, economics or they are chartered accountants (CA), and chartered financial analysts (CFA). To Meghnad Desai Academy of Economics, being agile means being nimble and...
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