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Public Policy Stream

 Learning Outcomes and Skills

  • Frame public policy problems in a theoretically sound manner
  • ppreciating the roles of institutions and governance
  • Analyze public policy problems in India, and critically evaluate proposed solutions
  • Knowledge of the international dimension of public policy
  • Write short- and long-form policy briefs
  • Preparedness for jobs in NGOs, think tanks, foundations, policy institutions etc.

The course descriptions of each elective are given below.


Theory of Public Economics

Instructor: TBA

Students interested in how public policy is formulated and implemented are first and foremost required to develop a rigorous understanding of the basic principles of public economics. In this course students will learn:

  • How public economics applies theoretical insights from other fields of economics such as microeconomics, macroeconomics, development economics and labor economics
  • Why markets can often fail to deliver desired outcomes
  • How taxes and subsidies work
  • How to design effective institutions and public policy programs
  • How to evaluate the impact of public policy programs


Public Policy of Development

Instructor: TBA

With the foundations of public economics in place, students will delve deeper into some of the key public policy imperatives and initiatives in the context of a developing/emerging economy such as India’s. In this course students will learn:

  • How public policy has sought to address problems in the Indian agricultural sector
  • How trade liberalization impacts wages and poverty levels
  • How economic growth and demography impact poverty levels
  • What the main concerns of public policy are in the arenas of health, nutrition, education and development
  • How to evaluate the impact of development projects


International Political Economy

Instructor: Indradeep Ghosh, Associate Professor, MDAE

International Political Economy studies the intricate relationships between markets and states, between money and power, and between economics and politics, and is essential for students hoping to find employment in public policy roles in today’s global context. In this course students will learn:

  • Why policymakers must pay attention to the interplay between economics and politics in designing effective policy
  • Why countries often choose not to liberalize trade, and what forms trade cooperation has in fact taken in the last 100 years
  • How countries compete to attract multinational corporations
  • What the Trans-Pacific Partnership means for its signatories and for those who have chosen not to sign the TPP
  • The fundamental principles of exchange rate economics, and why global financial stability requires the intervention and oversight of multilateral institutions such as the IMF


Workshops/Econ Labs

The Workshops/Econ Labs in this stream will cover topics such as the design, implementation and impact of monetary and fiscal policies in India.

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