TISS to open world-class school of economics

Come 2019, Mumbai will get a world-class school of economics at the Deonar campus of The Tata Institute of Social Sciences.

This will mark the foray of the premier institute—well known for its courses in social sciences, human development and public policy—into mainstream economics studies. At present, TISS offers some courses in economic sciences on its Mumbai, Tuljapur, Guwahati and Hyderabad campuses.

The new autonomous campus of TISS, to be set up at a cost of Rs.100 crore, will bring in faculty members and programmes from top global institutes such as London School of Economics and Political Sciences and Paris Institute of Political Studies.

“The building work has started and it will be ready by May 2019. Admissions will be completed by March 2019,” said Dr S Parsuraman, director of TISS.

Initially, the institute will offer only fellowship courses—MPhil and Phd. “It will expand later,” he added. It will offer masters and doctoral programs in econometrics; business and development analytics; development economics; public policy and good governance; ecology, livelihoods, social entrepreneurship; urban habitat and climate change; and regulatory governance.

It is likely to be called School of Economics Sciences. However, there is also a possibility that the name of one of sponsors may be attached, like in the case of Kellogg School of Management.

This will be Mumbai’s second “school of economics”. Recently, Mumbai University renamed its economics department as Mumbai School of Economics. Dr Parsuraman said, “There are schools of economics at Mumbai University and other universities. They are limited in their scope. We are setting up School of Economics Sciences and it will offer many more programmes. Development economics and compassionate capitalism will be our main focus.”

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