Public Policy is any action that affects the lives of citizens. However, the process is a complicated one which begins by developing and understanding of the context under which the situation emerged. Next, one needs to understand the reasons behind the issue gaining prominence and understanding the sources, tools, institutions, and people behind it. Thus,… Continue reading Politics of Public Policy
Samaaj, Sarkaar and Bazaar are three big tools in policy makers’ toolbox. What are the pros and cons of each of these tools? Markets are used to solve many of the most common and important problems. However there are many instances where markets seem to fail in delivering expected results. A typical response in these… Continue reading Markets for Developments
The Law and Economics course is designed to make scholars understand the role of law in public policy for achieving social goals from an economist’s viewpoint. Through the course, the scholars will understand the normative aspects of law and economics as well as the interplay between legal and economic principles. The course will also go… Continue reading Law and Economics
The course aims to explore Game Theory with applications to economic, social, political, business, and legal issues. This includes understanding of backward induction, Nash equilibrium, self-interest v. collective interest, credible commitment, simultaneous and sequential games of complete and incomplete information, repeated games, and game theory in economic development. Along the way, the students would learn… Continue reading Game Theory
This course explores the profound impact of public policy on economic systems. The objective is to familiarise scholars with the essentials of an economic system and how various public policy instruments influence it. Participants will delve into the basic concepts and analytical frameworks of Macroeconomics and Public Finance, providing a robust foundation for understanding fiscal… Continue reading Economics of Public Policy
Economics is the study of decision making under scarce resources, i.e., how economic entities decide on spending their resources to attain their economic objectives. Given scarce resources, these entities are limited in how much they can spend on any one activity as whatever they spend on an activity is not available to be spent on… Continue reading Economics
The capstone is the penultimate academic exercise where scholars put to practice their learnings from courses and workshops to solve a real-world policy problem. First, they identify a policy challenge they want to solve and then use data to identify the root cause. Scholars will next develop a plan of action, which will include the… Continue reading Capstone
This course delves into the complex interplay between business and government. It has been designed to unravel the motivations behind government actions and offers a dual perspective on critical issues such as trade, environment, food security, and health from economic and political viewpoints. Scholars will learn to formulate and integrate an organisation’s market and non-market… Continue reading Business and Government
