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MA International Economics at Brandeis University, Waltham, Massachusetts
Admitted to: Brandeis University, Waltham, Massachusetts
For: MA International Economics



1.Plans For Graduate Study and Future Career

The 21st century has heightened new changes that the world is only just beginning to get used to. As far as international trade is concerned Globalization, Liberalization and Privatization have joined Liberty, Fraternity and Equality as maxims to live by. With the WTO beginning to dramatically influence the nature of world trade and the IMF and World Bank provided the much needed funds for projects that will benefit mankind, we wee the nations of the world coming together, sharing their resources to remove boarders that have existed so long, forming one world with more happiness and prosperity for developed and developing countries alike.

Economics is a subject so vast that one cannot begin to fathom its reach. Studying it has given me the ability to look ahead and see more opportunities and fields of specialization that I did not believe existed. Just studying Economics at the undergraduate level is not enough to provide a student with anything more than a basic understanding of the subjects in general and much less of a particular field like Econometrics of International Trade.

Having graduated in Economics from India’s premier institution St. Xavier’s College, Mumbai, and done my post Graduate Diploma in Business Administration from St. Joseph’s College, Bangalore, I would like to get more westernized perspective on Economics and Finance. Since the United States of America is without doubt the most influential nation where Economics is concerned and Boston is a hub of financial activity, it seems only natural that I wish to study there. The Graduate School of International Economics and Finance at Brandeis University is recognized as one of the top schools in the United States of America for these subjects, and I would like to attend the Maief program at this prestigious university. This program will give me a rigorous grounding in the basics of International Economics, which will hold me in good stead, as well as allow me to study other applied fields of Economics like International Finance and Trade.

This Masters program will help me move a step closer to my career goal of working at the IMF or the World Bank. International Finance and Monetary Policy are fields that interest me particularly. India has the potential to be an Economic Power and by working in India for these institutions, I believe I can help it receive the financial assistance that it needs to grow and develop at a quicker pace than before, so that it doesn’t get left behind in the World Economy. Having lived in India all my life, I am acutely aware of the need for aid and monetary loans from these international organizations to fund basic facilities like public transport in a particular city, or for a larger but desperately needed project like the construction of a dam to help millions of farmers in that area, who depend solely on the proceeds of their crops for their existence. These matters are complicated but aid is necessary for economies to grow and develop to match their counterparts so that the world is full of ‘haves’ and not ‘have nots’. Graduating with a Master of Arts in International Economics and Finance from a prestigious university like Brandeis, will definitely open more windows of opportunity for me and will increase my chances of working at these international organizations that hold the fortunes of nations in their book.

2.Academic Background

My prime motivation to study Economics further is my love for the subject and the feeling that I know too little about it to consider myself to be good at it. It is a subject that has fascinated me from the day I took my first Economics class. I found the subject easy to grasp and seemed to have a natural flair for it. In fact, while most of the class has studied Economics in high school, I was taking my first class ever and was doing well with it. In the first year of college, my original plan to study Psychology as a major gradually got replaced by Economics and from there, there was no looking back. I switched from the Psychology Honors Program offered by St. Xavier’s College. This program complements and supplements the regular University curriculum. While the University prescribed courses are aimed at catering to the needs of a larger section of the student population and hence ten to lay greater emphasis on wider coverage of concepts, theories and issues rather than their in-depth analysis, the Honors Program reverses this process of learning and encourages students to explore area beyond the realms of the University syllabi, stimulates deeper analysis of the issues and provides greater teacher-student interaction.

I was a member of the Economics Honors Program during the years 1999-2002. The highlight of my involvement with this program was participating in the first Xavier’s Model United Nations in December 2001 where I represented the Kingdom of the Netherlands as a member of the Economics and Finance Committee (ECOFIN) of the UN. The topic area for the session was “Effectiveness of Economic Sanctions”, and I received a ‘Special Mention’ for my efforts to bring the session to a successful conclusion by drafting a resolution that took the interest of the International Community into consideration. I also presented a seminar paper to faculty and students on “The Opening up of the Insurance Sector in India” as part of the departmental seminar on “Monetary Economics-Institutions, Theory and Policy”. I also attended a Lecture Series organized by the department of Globalization, its contradictions and challenges. The Lecture Series spread over six months covered a wide range of topics such as the Global Market and Multi – National companies, International Debt, Globalizations and East Asian Countries, Media and Migration, Globalization and Ecology and Globalization and Human rights. I presented a paper on the Human Development to Report of the UN Development Program and highlighted the various aspects that each annual report concentrates on and compared India’s ranking with that of other countries with similar socio-economic climates. In addition, I also did a project on Industrial Relations in India and the effect of Politics on Trade Unions.

Studying Economics as my major in college and being a part of the Honours program especially, has given me a lot of exposure into International Economics, Globalization, Finance and Trade. The project work that I undertook has already allowed me to grasp many key aspects of these subjects which I believe will be very useful both for the Maief program that I am applying for and in my future career.
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