Science without history is like a man without memory. Economist Joseph Schumpeter too had said that visits, albeit brief ones, to the lumber room are profitable. Aim of this course is precisely to recover the family heirlooms! Many decades ago, Frank Knight of University of Chicago had rued that no ideas from India find a place in the literature on the history of economic analysis.
Towards this end, we retrieve ancient India’s contribution to economic ethics and refresh the contribution juxtaposing against the mainstream literature on the history of economic thought. We refer to ancient Indian treatises such as Kautiliya Arthashastra, Shukranitisara, Ramayana, Mahabharata, Puranas, Upanishads, and the Vedas. Relevance of the ancient Indian economic thought is brought out in bold relief for the modern times.
This course brings to light the economic ethics that had emerged in ancient India covering diverse treatises such Arthashastra, Shukranitisara, Ramayana, Mahabharata, Puranas, Upanishands, and the Vedas. Relevance of the ancient Indian economic thought is brought out in bold relief for the modern times.
Learning Objectives:
| Course Status : | Ongoing |
| Course Type : | Core |
| Language for course content : | English |
| Duration : | 6 weeks |
| Category : |
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| Credit Points : | 3 |
| Level : | Postgraduate |
| Start Date : | 20 Jan 2025 |
| End Date : | 30 Apr 2025 |
| Enrollment Ends : | 28 Feb 2025 |
| Exam Date : | 17 May 2025 IST |
| Translation Languages : | English |
| NCrF Level : | 6.5 |
| Industry Details : | Business and Management |
| Exam Shift : | 1 |
Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.
Week 1: An Overview of Ancient Indian Economic Ethics
Week 2: Purusharthas: The Four Objectives of Life
Week 3: Ashrama and Varna: Stages of Life and Life Occupations
Week 4: Fiscal Policy
Week 5: Arthashashtra and Shukranitisara
Week 6: Beyond Economic Ethics: Land and Common Property Resources (CPRs)
Prof. Deodhar teaches economics at the Indian Institute of Management Ahmedabad (IIMA). He has a Bachelor’s and a Master’s in Economics from the Gokhale Institute of Politics and Economics and a PhD in Agricultural Economics from The Ohio State University. Apart from being the recipient of the Outstanding PhD Dissertation Award from the Food Distribution Research Society, USA, he was honored with the Distinguished Young Professor Award for Excellence in Research by IIMA (2008) and the Dewang Mehta National Education Award for Best Professor of Economics (2012 & 2015) by Business School Affaire
Prof. Deodhar has worked on imperfectly competitive market structures, World Trade Organization (WTO), agricultural trade, food quality & safety, and CSR issues. Besides, he has conducted research projects for India’s Ministry of Food Processing Industry, Ministry of Agriculture, Indian Bank, and Economic Research Service of the US Department of Agriculture. He was selected as the Hewlett Fellow of the International Agricultural Trade Research Consortium during 2006–2008. He has published research papers in national and international journals and has authored quite a few monographs. The publisher Penguin Random House has brought out 3 books authored by Prof. Deodhar. One of the books, Day to Day Economics, has gone on to become a national bestseller in the non-fiction category.
Prof Deodhar has taken keen academic interest in economic ideas emanating from ancient Indian literature. His recent book, Economic Sutra brings out the economic ideas expressed in literature spanning from Ramayana to Mahabharata, Vedas to Upanishads, Arthashastra to Shukraniti, and Puranas to Sanskrit plays. A paper based on the theme of this book has appeared in the renowned journal The Annals of Bhandarkar Oriental Research Institute (BORI). Another paper titled Hindu Economic Ethics is forthcoming in The Oxford Handbook of Religion and Economic Ethics. Yet another paper throws light on the role of gold in the Indian economy through several millennia. Prof. Deodhar’s efforts had resulted in bringing out commemorative postal stamp and envelope in memory of the great 18th century Indian statesman, Bajirao Peshwa I.
Prof. Deodhar was the first Convener of the computerized Common Admission Test (CAT) conducted by IIMs for admissions to the business schools. His pioneering work in converting CAT into a computer based test (CBT) was replicated subsequently for other admission tests such as Joint Entrance Examination (JEE) of the IITs. He has donned many administrative responsibilities at IIMA. He has been the Chairperson of Admissions, MBA programmes, Placements, and was also the Warden. Currently, he holds the office of Dean (Faculty) at IIMA. He is the Founding Member of Pune International Centre (PIC), serves on the advisory board of Savida Agricom, and was on the board of Asian Granito as an Independent Director.
Enrolling and learning from the course is free. However, if you wish to obtain a certificate, you must register and take the proctored exam in person at one of the designated exam centre’s. The registration URL will be announced when the registration form is open. To obtain the certification, you need to fill out the online registration form and pay the exam fee. More details will be provided when the exam registration form is published, including any potential changes. For further information on the exam locations and the conditions associated with filling out the form, please refer to the form.
Assessment Type | Weightage |
Weekend Assessment | 25% |
Final Exam | 75% |
Score | Type of Certificate |
>=90 | Gold |
75 - 89 | Silver |
70 - 74 | Bronze |
40 - 70 | Successfully Completed |
<40 | No Certificate |
Sample Certificate:
Disclaimer: In order to be eligible for the certificate, you must register for enrolment and exams using the same email ID. If different email IDs are used, you will not be considered eligible for the certificate.
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