|Department of Business Economics|
Department of Business Economics
|Motto||निष्ठा धति: सत्यम्|
|Chancellor||Vice-President of India|
Founded in 1973, the Department of Business Economics pioneered the Masters Program in Business Economics, MBE, patterned on a similar program conducted by Harvard Business School. Since then, the Department has established itself as one of India’s leading centers of excellence in business education and research. The Department also administers the Bachelors, M.Phil and Ph.D. programs in this discipline and has also initiated the same programs for many other universities.
The school has good reputation for its Finance and Econometrics programmes.The two-year full-time programme in Business Economics is designed to meet the growing need for an analytical and quantitative approach to problem solving in the changing corporate world by the application of the latest techniques evolved in the fields of Economics and Management. A thoroughly revised syllabus for Masters in Business Economics (M.B.E) has been in place since 1996-1997. New papers on Global Finance, Business Policy, Environment Economics and Resource Management and Economics of Services have been included. The Department offers M Phil and Ph D programmes to which admissions are made in accordance with the rules of the University of Delhi. The Department has introduced, with effect from 1995-96, an under-graduate Honours Course in Business Economics in selected colleges of the University of Delhi. An updated syllabus has been implemented from the academic year 2003. Workshops are organised to strengthen the teaching.
The Master of Business Economics programme is a two year, full time course offering dual specialization to the students. It emphasizes on application of academic knowledge of economics towards adding value to businesses. MBE bridges the gap between pure economics and business administration by ensuring students have a firm footing in theory and the ability and vision to apply their knowledge to business. Students have a compulsory and strong grounding in fundamentals of micro and macro economics and quantitative techniques - business statistics. These coupled with specializations in the fields of quantitative techniques/ finance/ marketing/ HRA systems & operations/ regional & transport economics/ applied environmental economics allow students to apply the basics of theory to areas of significance in the real world of business.
Unique offerings by the department (Industrial economics - teaching students to basics of structure-conduct-performance paradigm; basics of transfer pricing; M&As etc, Economics of services - study of growing importance of the service sector in modern economies across the world; detailed study of four major global services, Economics of environment and natural resources management - schooling students in contemporary practices such as carbon credits) make the business economist stand out in the crowd.
Assignments requiring analyzing data from source such as the World Bank/ IMF etc, case studies, presentations and other such methods of internal assessment ensure students get maximum opportunity to apply what they learn in solving simulations of real life problems. These also ensure students get to exercise their creativity and learn to perform under deadlines and in team settings. The two months of rigorous summer training undertaken by students guarantee they enter the corporate world fully geared to contribute from the word go.