Home > Tamil Nadu > Management > Chennai (Madras) > Madras School of Economics (Autonomous)
Madras School of Economics (Autonomous), Chennai (Madras), Tamil Nadu
Madras School of Economics (Autonomous), Chennai (Madras), Tamil Nadu
Address:Gandhi Mandapam Road, Behind Government Data Center, Kottur, Chennai, Tamil Nadu - 600025
Tamil Nadu, India
Madras School of Economics (Autonomous), Chennai (Madras) Tamil Nadu is a recognised institute / college.
Madras School of Economics (Autonomous) is situated in Chennai (Madras) of Tamil Nadu state (Province) in India. This data has been provided by www.punjabcolleges.com. Website of Madras School of Economics (Autonomous), Chennai (Madras) Tamil Nadu is http://www.mse.ac.in/.
Contact Details of Madras School of Economics (Autonomous), Chennai (Madras) Tamil Nadu are : Telephone: +91-44-22300304, 22300307, Fax: Telephone: +91-44-22354847, 22352155
CoursesMadras School of Economics (Autonomous), Chennai (Madras) Tamil Nadu runs course(s) in Business Management, Research, Science stream(s).
M.Sc(Economics), M.Sc(Financial Economics), Ph.D in Economics
Profile of Madras School of Economics (Autonomous)The Madras School of Economics came into existence in 1995, thanks to the vision and efforts of some leading academicians, industrialists and financial institutions in India. The primary objective was to create a centre that would nurture quality teaching and research programs in economics. Within a short span of time it has realized this objective and is today counted among the premier institutes for higher education and research in economics in India. The National Assessment and Accreditation Council awarded MSE an “A” grade. The Ministry of Environment and Forests has designated MSE as a Centre of Excellence in Environmental Economics.
Images / newspaper cuttings related to Madras School of Economics (Autonomous)
Professor,Asstt Professor and Associate Professor etc (Job Vacancy)
Media coverage of Madras School of Economics (Autonomous), Chennai (Madras) Tamil Nadu, Tamil Nadu
NAAC report of Madras School of Economics (Autonomous)SECTION 1 : PREAMBLE
Madras School of Economics, Chennai, volunteered to be assessed by the National Assessment and Accreditation Council (NAAC), Bangalore and submitted a Self-Study Report in April 2003. The Council constituted a Peer Team to visit the institution and to validate the Self-Study Report. The Peer Team comprised Dr. S.R. Hashim, Member of the Union Public Service Commission, New Delhi (Chairman), and Dr. M. Madaiah, Former Vice-Chancellor of the University of Mysore, Mysore (Member). The Peer Team visited the institution on 29th and 30th August 2003. Dr. Jagannath Patil, Assistant Adviser of National Assessment and Accreditation Council ably coordinated the work of the Peer Team throughout its visit to this institution of higher learning and research.
Madras School of Economics was founded on September 23, 1993 and started functioning from April 1995. It was at the earnest initiative of a number of well-known academicians, leading industrialists and reputed financial institutions, that Madras School of Economics came into existence. The School is registered as a charitable institution under the Tamil Nadu Societies Act of 1975. The institution is recognized by Anna university to offer two-year M.Sc. Programme in Economics. The Ph.D. programme of MSE is approved both by Madras University and Anna University. The central goal of this institution is to have a centre of advanced studies in economics offering programmes comparable to the best in the world . It is a private autonomous post-graduate institution. It runs largely on the basis of endowment and resources from research projects.
Madras School of Economics has a beautiful campus of 3 acres and is located in real urban set-up. The institution is offering two advanced programmes leading to M.Sc. and Ph.D. degrees in Economics. MSE has a well-qualified and experienced faculty strength of 16 members including two visiting faculty and one Fellow and a Research Associate. There are 21 members on the non-teaching staff. Student enrolment in M.Sc. economics course stands at 36 including 7 from other states and there are ten students in the doctoral programme out of which six are from outside Tamil Nadu. The institution has an impressive library, computer centre, guest house, hostels, sports facilities and a canteen. Four batches of students have completed their M.Sc. Economics programme from this institution. Two students have obtained their doctorate degrees and three students have submitted their Ph.D. Thesis to Madras University.
The Peer Team meticulously analysed the Self-Study Report submitted by the institution. During the two-day visit to the institution, the team went through all the relevant documents and also visited the facilities - academic, co-curricular, sports, extension and physical facilities of the institution. The members of the Peer Team also interacted with the Governing Body, Director, Faculty, Non-Teaching Staff, Representatives of students, parents, Alumni of the institution. Based on the above exercise and keeping in mind the seven criteria identified by the NAAC, the Peer Team has given its concerted and objective assessment of the institution in the ensuing pages.
SECTION II : CRITERION-WISE ANANLYSIS
CRITERION I : CURRICULAR ASPECTS
Novel curriculum design and introduction of innovative courses go a long-way in moulding the career of younger students into various walks of life in the society. In this respect, Madras School of Economics has made great strides in its curriculum development programme. A two-year M.Sc. programme in Economics, (as distinct from regular M.A. Economics Programme) is offered with greater emphasis on statistics, econometrics and quantitative approaches to economics. The institution offers a range of electives such as environmental economics, International economics, Industrial economics, Capital Markets besides core courses. This provides an opportunity for students to specialise in some of the non-traditional electives. There is also flexibility in choosing the research topic for project work in the final semester. The syllabus for M.Sc. programme is designed by MSE and approved by Anna University and the revision of syllabus takes place once in three years. Students have to take 10 core courses, 7 electives and a project for a total of 75 credits to complete their 4 semester M.Sc. programme. The study of new electives and core courses would enable the students to relate their theoretical understanding to economic policy issues The students are selected for M.Sc. economics programme based on entrance examination of Anna University. This is also true in case of Ph.D. students. The M.Sc. course in economics offered by Madras School of Economics is job oriented and is a well-thoughtout academic programme. The Peer Team is very happy about this unique programme.
CRITERION II : TEACHING-LEARNING AND EVALUATION
Teaching-Learning and Evaluation are carried on in a successful and satisfactory manner in the institution. The institution has adopted credit based evaluation system of Anna University and the academic programmes are running under semester scheme. There are adequate, well-qualified and experienced teachers in the institution. Teachers are very enthusiastic and dedicated, and deep-rooted work culture is an added feature of this relatively new institution of higher learning and research. These traits are very essential in moulding the career of students. Students academic performance is being tested periodically through internal assessment and final examinations. Project work and Seminars are part of the Curriculum. Teaching aids like audio-visual aids are also used to make the teaching-learning process more effective. Individual attention is given by teachers for the progress of students in their academic performance. Some soft and bridge courses are also offered by teachers for the benefit of weak students. The Peer Team noticed a commendable performance of students in the examinations. Interaction with the representatives of the students of this institution reveals that the students are very happy with teaching and evaluation. Students were particularly happy that they could get individual attention from teachers, could reach the teachers any time and had the opportunity of close interaction with the entire faculty. Surely, this is the advantage of being a small institution with high teacher-student ratio.
However, in view of the expanding teaching and research programme in the institution, and particularly in view of the desire of the students to have wider range of electives, the faculty positions, particularly senior faculty, needs to be strengthened by filling existing vacant posts or by creating additional positions.
CRITERION III : RESEARCH, CONSULTANCY AND EXTENSION
Teaching, Research and extension are inseparable components of any center of higher learning. The quality of teaching always acquires meaningful increment through participation in research activity. Extension, today, is realized as a measure of success of an institution as the knowledge of the student and teaching community becomes available to the society at large. Madras School of Economics was established as a Post-Graduate institution for both quality teaching and research. The institution has completed more than 15 research projects since 1996. Majority of the research projects have been in the area of environmental economics. The Ministry of Environment and Forests, Government of India has identified MSE as a Centre of Excellence in Environmental Economics . The institution has also completed projects financed by the World bank and Planning Commission etc. It is gratifying to note that many Ph.D. scholars have pursued their research in the area of environmental economics.
The Peer Team is favourably impressed by the publication record of the faculty, and the research environment in general. The Institute has completed a major research project, i.e. the World Bank Capacity Building Project on Environmental Economics. MSE has prepared a Pondicherry Vision 2020, Security Diagrams (Case Study on Drought Induced Water Crisis in Andhra Pradesh), Tamil Nadu State Development Report sponsored by the Planning Commission, an ILO Project on Child Labour, Water Resources Project and EERC Project on Climate Change. MSE has also undertaken a major research project on Economic Analysis of Indian Space Programme. This is a novel research area.
MSE does have some extension activities at present in the form of website information on various academic activities, training programmes and research work done. They have conducted environment sensitisation programmes for industrialists, government employees and academics. However, the Peer Team feels that consultancy work and extension activities could be encouraged further to make use of the expertise and talents available in the institution. MSE could significantly contribute to the improvement of teaching in Economics in Universities and Colleges by undertaking to train the teachers of Economics. The environment sensitisation programme could become a regular activity.
CRITERION IV : INFRASTRUCTURE AND LEARNING RESOURCES
The institution has adequate and fine infrastructure for teaching, research, co-curricular and sports activities on its 3 acre beautiful campus. There are well-maintained 3 buildings on the campus viz., Administration-cum-Academic Block, Library Block and Hostel-cum-Guest house Block, catering to the needs of different activities of the institution. The class-rooms are spacious and neatly kept. The institution is having over-head projectors and other teaching aids to facilitate effective teaching and learning. There are fifty computers connected in a local area network. Computers with internet facilities are provided to faculty members. Hostel facilities are there to accommodate 24 men and 12 women. There is a canteen facility on the campus.
The library facilities are reasonably good. There are over 5,000 books, 800 reports, 1,600 back volumes in the library. The library subscribes to over 100 national and international periodicals. However, there is an urgent need for strengthening library by adding sufficient number of latest books and periodicals.
The new block which is under construction to house the Centre of Excellence in Environmental Economics needs to be completed at the earliest.
The institution needs to take steps to construct additional blocks to house the centre(s) of excellence. The Peer Team is pleased with the maintenance of the infrastructure and the campus.
CRITERION V : STUDENT SUPPORT AND PROGRESSION
There are a number of student support programmes in Madras School of Economics. Student support includes not only academic, co-curricular, extra-curricular, but the most important being the financial support like scholarships, PTA & Management participation. The institution also helps students for vertical progression. The institution admits students to its M.Sc. Economics Programme based on the entrance examination conducted by Anna University. To provide national character, five of the twenty seats are earmarked for out-of-state students. Faculty advisers look after the general welfare of the students during their stay in the institution. The respective supervisors and the doctoral committee take care of the work and welfare of the Ph.D. students. There are a number of fellowships and scholarships available to the students at this institution. Vertical progression for M.Sc. graduates is encouraged by the institution to take up Ph.D. programme, of course, after completing the entrance examination. The institution also helps M.Sc. students to go for training or work during summer holidays. The School helps the students in placement. Some of the students have been able to get excellent jobs through campus recruitment.
Students are making use of sports facilities available at this institution as well as in Anna University. Every year, students of MSE organize an inter-collegiate competition Arthiki which includes debates, quizzes on economic issues. It is desirable to have a formal Alumni Association. The student support programmes in this institution are indeed laudable. The objective of training students to reach the level of economists of high caliber is certainly a noble pursuit of the institution.
CRITERION VI : ORGANIZATION AND MANAGEMENT
The organization and management of the institution are quite good and transparent. Madras School of Economics is a private autonomous institution of higher learning constituted as charitable society. The institution is managed by a Board of governors which meets at least twice a year to review progress, take policy decisions, approve budgets, accounts, etc.
One can notice that powers and responsibilities are clearly assigned to individuals and it is decentralized to facilitate the academic activities and better functioning of the institution. Several committees have been constituted to carryout the functions assigned to them. There is efficient management of finances. The accounts are audited by Chartered Accountants in order to maintain transparency. A small committee comprising of the Chairman, Director and the Honorary Professor takes care of the internal planning of the institution.
The management has several welfare programmes for its employees. The benefits provided by the institution include Contributory Provident Fund through Regional Provident Fund Commissioner, Gratuity through L.I.C., and Medical Reimbursement upto Rs.5,000 for teachers and Rs.4,000 for non-teaching staff. Both teachers and non-teaching staff are also entitled for various types of leave. The management has also been encouraging teachers to participate in various professional development programmes such as seminars, workshops, conferences, etc., to widen their academic horizon. The institution collects only a nominal establishment fee from students. The Peer Team is highly appreciative of the democratic functioning of the institution and cordiality maintained among faculty, students and non-teaching staff. One can also discern the earnestness of the Governing Body in achieving the vision and goals of the institution and in its all-round progress.
CRITERION VII : HEALTHY PRACTICES
Madras School of Economics has been following certain notable healthy practices. To mention a few of them:
Providing quality education in economics at Post-graduate level comparable to the best in the world is a forward looking approach in a changing world.
Linkages with other Universities and research institutions in India and abroad indicate the eagerness to take advantage of the expertise and advanced technical knowledge available.
Equally commendable is the humanistic approach in all areas of academic activity ranging from admissions to offering new areas of study and research, thereby keeping a balance between technological demands and needs of a developing economy.
Counselling and assisting students in the preparation for various types of competitive examinations.
Arranging Lectures, Workshops, Seminars inviting outstanding scholars to mould the career of students are some of the useful activities deserving notice.
Placement of M.Sc. and Ph.D. Degree holders through placement cell and other contacts is a healthy feature.
Institution encourages its students to participate in cultural and sports activities.
Providing adequate financial assistance to research scholars is a welcome feature.
The personal attention given by the teachers for the all-round personality development of students is appreciable.
Continuous assessment through assignments, seminars, project work will go a long way in keeping the students academically alert.
Encouraging teachers to participate in Seminars/Conventions and publication of papers in refereed journals is a healthy trend.
Providing computer facilities with internet connection to teachers and opening library on all the six days in a week is another feature worth mentioning.
SECTION III : OVERALL ANALYSIS
The Peer Team, after going through the Self-Study Report and assessing the various academic and infrastructural facilities, is very much impressed by the notable progress of Madras School of Economics in translating into action its vision and goals of advancement of the frontiers of knowledge in the domain of higher learning and research in Economics. The institution has earned a good reputation for imparting quality education in economics to the younger generation. The institution has an added name throughout the country for its critical and policy oriented research out put.
The teachers and staff have imbibed the spirit of academic excellence and service to the society. Teaching, learning and evaluation get their rightful emphasis in the institution. One can also discern high research culture among faculty members. The institution has been successful in mobilizing sizable resources for research from various agencies.
Organization and financial management are efficient and transparent. Infrastructural facilities are good on the campus. The institution has several healthy practices to its credit which would promote the all-round personality development of the students. Further, one could also see an atmosphere of learning and harmony of vision in the academic fraternity of this institution. It is indeed gratifying to note that the institution has been able to sensitize the students of not only of Tamil Nadu but also other states regarding the utility of quality higher education in economics.
The administration of the institution is transparent and encourages democratic participatory interactions with teachers, non-teaching staff and students. An appreciable functional relationship between this institution and Madras and Anna Universities is apparent.
The Peer Team appreciates the efforts of the institution in establishing a sound base for academic growth and would like to make the following suggestions for its sustained growth and advancement.
Development programmes of new centres of excellence, varied facilities for newer research projects and the likely increase in demand for students facilities are to be integrated into a master plan for the future development of the institution. Some more land may be procured for future needs. A time-bound and prioritized execution of such a plan would be highly desirable.
It is a good move to get the Deemed to be University Status for MSE. For achieving this goal, the academic and physical facilities have to be expanded apart from mobilizing more financial resources.
Since the institution has varied expertise, it may think of organizing different useful training programmes.
Research Activities of the faculty members, apart from projects, may be further strengthened to enhance the prestige of the institution.
Inter-disciplinary and multi-disciplinary approach to research needs to be encouraged further.
Some seed money needs to be provided to faculty members for formulating research proposals and for publication of papers.
The institution may select a few more thrust areas for special attention and build them up as recognized centres of excellence. MSE could then offer more electives to the M.Sc. students to provide them with wider range of choices.
The formal feed back mechanism is to be strengthened for the redesigning of curriculum and for improving quality of teaching-learning.
The institution needs to take steps to recruit senior faculty (Professors) with different specialization.
The intake of M.Sc. economics may be increased to 30 from the present 20 students over a period of time, since this is the single most important activity of the School.
The institution may also involve the alumni for its growth and development.
Salary structure and scales for teaching and non-teaching need to be streamlined, and some sort of parity with other institutions needs to be established. Ph.D. fellowships also need to be equated to UGC offered fellowships in order to keep attracting good research scholars.
Library needs to be strengthened by adding more books and periodicals for the benefit of students and researchers.
More research collaboration with Universities in U.S.A.; U.K. Canada, and other countries may help to enhance the research base.
The present 3 acre campus is not adequate for its long run development. The activities will expand when MSE acquires the status of deemed University, and more land will be required. Steps may be taken to get additional land from the Government.
The institution has been rendering yeoman service since its inception in promoting advanced training and research in economics. Its achievements are quite impressive and the potentialities are great in the years ahead. The Peer Team envisages a bright future for this young forward-looking unique institution in the new millennium.
The Peer Team compliments the able and enlightened leadership of the Chairman Prof. Raja J. Chelliah. The Peer Team also appreciates the efforts of Dr. Paul P. Appasamy, Director and Dr. U. Sankar, Hony. Professor, and their deep involvement in the institutional progress. It also appreciates the committed involvement of the whole academic community in maintaining congenial atmosphere on the campus.
The Peer Team wishes Madras School of Economics, Chennai, all the best in its future endeavour.
(Dr. S.R. Hashim)
(Dr. M. Madaiah)
Summary: Madras School of Economics (Autonomous), Chennai (Madras) Tamil Nadu website, mobile, contact address and approval / recognition details.