Economics area provides the basic foundation for various managerial theories in other areas such as Finance, Strategy, Marketing and Operations. The area offers a number of core and elective courses such as Microeconomics, Macroeconomics, Econometrics, Development and Game theory. Faculty members in the economics area are experts on a wide range of topics ranging from Microfinance, Industrial organization, Corporate Governance and Development economics. Courses in this area help students to apply economic logic to understand business decisions, firm strategies and impact of public policies on the economy and society at large.
Prof. Lakshmi Kumar handles Macro Economics, Managerial Economics, International Business and Micro Finance for Management students at IFMR. She is passionate about understanding the savings behaviour of low income households, rural livelihoods and analysis of Government-provided basic services. Prof Lakshmi has also participated in various field based studies in Tamil Nadu, including projects sponsored by Harvard University, University of California, Irvine and NABARD, India.
Her educational background includes a Bachelor’s degree in Mathematics (1984) and a Master’s in Econometrics (1987) from University of Madras and PhD from IIT Madras in 2008.
Sumit Mishra is an Assistant Professor of Economics at IFMR, Sri City.
His research interest lies in development economics focusing on issues of public goods and caste diversity, and structural transformation in India.
He holds a PhD in Development Studies from Indira Gandhi Institute of Development Research, Bombay.
Jyoti Prasad Mukhopadhyay holds a Master’s degree in Economics from the Delhi School of Economics (University of Delhi) and a PhD in Economics from IFMR Graduate School of Business (formerly IFMR) and University of Madras. Prior to his PhD, Jyoti worked with Centre for Micro Finance (CMF) at IFMR as a Research Associate and also with The World Bank as a Short-term Consultant (STC) on an impact evaluation study in Chhattisgarh. Jyoti has participated and presented research papers in various academic conferences in India and abroad.
Jyoti has published research papers in peer reviewed journals such as Development Policy Review, Economic and Political Weekly, Journal of Developing Areas, Studies in Microeconomics, etc.
Jyoti is also a co-PI on an impact evaluation study titled “Randomized Evaluation of the Government Implemented Targeting Hard Core Poor Program in Bihar, India” along with Abhijit Banerjee (MIT), Esther Duflo (MIT), and Shagun Sabarwal (JPAL SA). His broad research areas include development economics, applied econometrics and behavioral economics.
Prof Madhuri Saripalle has a doctorate in Economics from the University of Connecticut, USA. Before joining IFMR, she was a faculty at the Madras School of Economics and has also worked with leading business houses in Chennai such as TVS Logistics and the Murugappa group of Industries.
Her research interests are on the contemporary issues in growth and profitability in both industry and agri-business from the lens of applied industrial organization. She has published her work in various national and international journals such as World Development Perspectives, International Journal of Automotive Technology and Management, and Economic and Political Weekly. She has also conducted research projects on topics related to employment in the manufacturing sector, environment friendly industrial policies, sustainable farming practices and value chain in the horticulture industry.