Diploma in Quantitative Economics

Diploma in Quantitative Economics fills a critical gap in the market for undergraduate training in economics. The diploma is designed towards addressing the gaps in the Economics taught in various institutes where more of theoretical knowledge is imparted and less or no quantitative skills are taught. This programme provides a thorough foundation in the fundamental ideas and methods of modern economics and simultaneously helps to understand how to apply economic reasoning to practical problems. It essentially develops the necessary mathematical and statistical toolkit for studying economics. This rigorous and intensive training, spread over one year. The diploma intends to equip the students with better analytical skills which is expected to help the students get better admission opportunities in India and abroad, with respect to post–graduate programmes: Masters in Economics, MBA, Banking & Finance, etc. The diploma looks at providing useful inputs to students who take a drop year to fill in the gaps and students who are looking for meaningful programmes after college hours in the city of Pune.

Objectives of the Programme:

• Understand the core methods of Quantitative Economics, Statistics and Econometrics and Mathematical Economics including their strengths and limitations, at a level appropriate for a social science graduate.
• Understand how these tools and mathematical notions can be applied to test economic theories and measure economic magnitudes, and have some knowledge of methods and results in selected areas of the applied economics literature
• Distinguish appropriate mathematical and statistical methods to provide a framework for understanding and characterizing this uncertainty.
• Have some practical experience of the application of econometric methods based on practical hand on experience with software packages.

Eligibility:
Any UG with exposure to Economics/ Mathematics/Statistics with 45% Marks and Mathematics in Higher Secondary (Compulsory).

Selection Procedure: Students are selected based on merit
Medium of Instruction: English
Fee Structure: Rs. 40000

Assessment Method:

• All internal courses1 will have 100% component as internal evaluation at the institute level.
• All external courses will have 40% internal component and 60% component as external [university] examination.
• 40% score is the minimum requirement for passing each course (internal and external separately).
• Grade will be assigned based on relative performance.
• Maximum grade point (GP) is 10 corresponding to ‘o’ (outstanding) for all courses.
• A student is required to pass both internal and external examination separately with a minimum grade point of 4 corresponding to grade p.

Programme Structure

Semester I