Economics Department of Mumbai University Gets a Revamp
- The Department of Economics of Mumbai University has been named as School of Economics and Public Policy.
- The school needs seed funding of Rs. 150 crores and is in the process of pooling the funds.
The Economics Department of Mumbai University is one of the oldest departments in India. Now, the department is getting a makeover to meet the social and economic challenges being faced by the nation. The department is under revamp, and it was renamed as Mumbai School of Economics and Public Policy. Currently, the department needs seed funding of Rs. 150 crores for revamping, and the process for collecting the funds is underway. The varsity will use the funds granted by the government for this purpose.
The Economics Department of Mumbai University does not have financial autonomy. The department has to use the allocated funds as per the rules and regulations of the government. Director of Mumbai School of Economics, Mr. Neeraj Hatekar revealed that the department would work as per policy evaluation and research organisation. The department will conduct policy research through various MoUs signed with government departments, he added.
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Mr. Neeraj also revealed that experts with international and nationwide work experience would be roped in for policy creation as well as evaluation for the Maharashtra government through Mumbai School of Economics and Public Policy. The school will organise capacity-building exercises through various government departments.
The students of Mumbai School of Economics and Public Policy will get a chance to join as interns in various government departments. The school will also play a crucial role in connecting the other students and teachers in various colleges and universities across the state.
The school will include the following research centres: -
- Public Resources Research Centre
- Policy Research Group
- Citizenship Research Centre
- Tribal Welfare Research Centre
- Policy Research Centre
Mumbai School of Economics and Policy will also include the following training centres: -
- Centre for Data Science
- Centre for Quantitative Finance
- Centre for Public Policy
- Centre for Applied Economics
The school will enroll around 1,000 to 1,200 students in these four training centres.
The Centre for Applied Economics of the school is planning to launch a four-year integrated M.A programme in Economics. The course will be designed as per international standards in conjunction with autonomous universities. The centre will also launch a four-year integrated M.A programme in Business Economics. Besides these integrated programmes, the centre will launch short-term courses in Applied Economics. For launching these courses, the school is in consultations with experts in some of the reputed universities across the globe like Indira Gandhi Institute of Development Research, Rome University, Cambridge University and London School of Economics.
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On the other hand, the Centre for Public Policy will launch B.A and M.A programmes in Public Policy. These courses will commence from the academic session 2018-19. The centre will launch short-term courses in Public Policy for government and non-government employees.
The Centre for Data Science will play a crucial role in integrating data science with public policy. Through this initiative, new programmes that will help in framing public policy will be created. These programmes will help both government and non-government organisations in capacity building.
The Centre for Quantitative Finance will launch M.A in Quantitative Finance from the academic session 2018-19. The centre will also undertake short-term courses on research on financial regulation and capacity building.