Educational news about Personality development, career guidance, Leadership Skills and more in Edubilla.com ...

Eminent economist and Indian British politician Lord Meghnad Desai announced the launch of the Meghnad Desai Academy of Economics in Mumbai. Lord Desai said, the MDAE's vision for the one-year post-graduate certificate course is to learn, think, apply and prepare students to take leadership positions in the global economy and is scheduled to start from July.

The MDAE is designed to be an institution of excellence that will provide graduate students with the academic rigor and applied skills to meet the dynamic needs of a globalised workplace. Students are sure to be brilliant and becoming great economics, shaping the future of economics in India and worldwide, said the 75-year-old Lord Desai, born in Gujarat's Vadodara.

On the occasion, he also provided a sneak preview of his forthcoming book to be launched in April, titled Hubris - Why Economics Failed to Predice the Crisis and How to Avoid the Next One on the 2008 global financial crisies. Ajit Ranade, the MDAE's head academic and chief economist of Birla Group, said this is a very unique venture, with great emphasis on training and curriculum and courses which will produce people who are readily absorbable in the industry.

Ranade said that his experience in both academic and corporate revealed that there is a gap of what the industry is looking for and the people who are trained in economics, and the economics allied, as they are not ready to hit the ground running. At MDAE, there is a process of learning and applying in the workplace to fill that niche gap by ensuring that the curriculum will be taught from a practitioner's point of view,he added. The academic Board includes Vice-Chairperson Indu Shahani who is principal of Mumbai's HR College, Tushar Poddar, P. D. Singh and journalist Niranjan Rajadhyaksha.