Madras School of Economics is an institution of higher education in economics, located in Chennai, India. Madras School of Economics was founded in 1993 as a post-graduate institution for teaching and research in economics. MSE offers a two-year Master’s program in General Economics, Financial Economics, Applied Quantitative Finance, Actuarial Economics and Environmental economics affiliated to the Central University of Tamil Nadu, and a Ph.D. programme affiliated to the University of Madras. In April 2018, the AICTE approved Technical Institution started two P. G. Diploma Programs in Financial Engineering and Research & Business Analytics.
MSE has undertaken a large number of research projects since its inception, including the World Bank sponsored Capacity Building Programme in Environmental Economics. The World Bank project involved research, training, curriculum, and overseas fellowship components which were coordinated by MSE. Subsequently, the Ministry of Environment and Forests approved the proposal to set up a Centre of Excellence in Environmental Economics at MSE. MSE has also served as an ENVIS Centre in Environmental Economics under the Environment Information System (ENVIS) of the Ministry of Environment and Forests, Government of India. A dedicated program on Trade and Environment, with support from the Ministry of Environment and Forests, Government of India, has been initiated at MSE. With a very active research unit and well-formulated curriculum, it has made its presence felt in both governments as well as the corporate sector. With in-depth subjective knowledge and with the students here have proved themselves within the various sectors they worked in, including consumer and corporate banking, academia, investment banking, analytics, research cells and various government bodies.
It recently introduced a five-year integrated Master’s course in Economics for school pass-outs. This is in collaboration with the Central University of Tamil Nadu with an intake of 50 students per year.
Owing to the important role the institution has played since its inception, the Tamil Nadu state government decided to recognise the institution as an institute of special importance and enable it to award its own degrees and diplomas. The state government has also decided to help the school set up a centre for public finance to conduct research in public finance. The institution would provide policy suggestions to the government apart from running academic courses.