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Stern Around the World: India

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As a student in this Fall 2017 semester course, you will take a trip to Chennai and Mumbai, India from January 3 - 11, 2018 and will learn about economic development and the role that private social enterprise (both for-profit and not-for profit) can play in promoting it.

Program Overview

Course Overview

ECON-UB 223 Social Enterprise and Economic Development: The Indian Context, 3 credits
Professor V. Srivatsan;; Office: KMC 7-49

The course has three goals:
(1) Introduce the student to the academic discipline of human and economic development

(2) Focus on the role of the private sector in promoting development through social enterprise

(3) Utilize the context of India - one of the oldest, and the longest living, of human civilizations
One of the lessons that we will learn is that we cannot fully understand development without a deep understanding of a particular society's culture, values, traditions, institutions and practices. However the academic understanding of these issues is far less rigorous than those on market and government-related ones and thereby leads to many puzzles, enigmas and mysteries. In order to gain a greater insight into how these societal particularities inter-relate and interact with economic development, we shall familiarize ourselves with the culture, history and institutions of India, as well as go on excursions in and around Mumbai and Chennai. The hope is that through lectures, documentaries, discussions and excursions, students will gain a deeper understanding of human development in general, as well as economic development in the specific Indian context. Building on this conceptual understanding we will use cases to discuss how various private sector actors - for-profit and not-for-profit, small and large, start-ups and ongoing initiatives - are helping to solve some of these deep problems and are overcoming some daunting challenges. The focus of this course and especially the students' final group project is to look at how developmental issues, which were previously believed to be in the domain of the public sector alone, can be fruitfully addressed by the private sector and/or by public-private partnerships.


This course is open to matriculated NYU Stern Juniors and Seniors who are in good standing with Stern and the University and meet the following prerequisites:

• Minimum 3.0 GPA (study abroad requirement)
• Must be enrolled at Stern in New York City for the Fall 2017 semester
• Plan to graduate no earlier than May 2018 (January grads are not eligible)
• ECON-UB1 Microeconomics (or equivalent)
• ECON-UB11 Economics of Global Business
This course can count as an Advanced Global Business Elective, a Social Entrepreneurship minor Elective, a Stern Advanced Economics Elective or a General Stern Elective.

Travel Details

Travel Details for India - the following dates are required for the travel portion of the class
  • Chennai Arrival Date: Wednesday, January 3rd
    • We require you arrive in Chennai by the night of January 3rd. Hotel Check in is Available to you.
  • Official Program Start: Thursday, January 4th
    • Meet Trip leaders and Professor: Early AM start
  • Group Flight to Mumbai: January 7th
    • This flight is booked by NYU Stern
  • Mumbai Departure Date: Thursday, January 11th
    • Last Meeting & Checkout 12pm noon*
      *Book Departure flights accordingly

Course Registration and Important Dates

• Week of April 24, 2017: Registration for this Fall 2017 course via Albert
• May 5, 2017: Deadline for non-refundable Trip Program Fee
• All students who register for this class after the week of April 24th must e-mail and submit their trip payment within ten days of registering.
• September 5 - December 15, 2017: New York Class Dates
• TBA: Mandatory Trip Pre-Departure Session
• January 4 - 10, 2018: India Class Dates (does not include travel dates)
• January 10, 2018 (tentative): Trip Debrief Session

Estimated Expenses

• *Please note: Although you will register for this 3-credit course as part of your Fall 2017 schedule, NYU tuition and registration fees do not cover the additional fee for the trip to India.
• A Trip Program Fee will be required of all participants. The program fee is $1,550. The trip fee will cover:
- Hotel for 8 nights
- Daily breakfast at hotels & 6 additional meals
- Local transportation including group airfare from Chennai to Mumbai
- Group excursions
• Additional Expenses to be covered by Student (not included in Program Fee):
- Airfare to Mumbai (approx. $1,300- $1,600) - students will make their own flight arrangements. Book early since January is the high season!!
- Passport fee (approx $75 - $100) only if you need new or to renew passport
- Visa fees (approx $125)
- Vaccinations & Travel Medicines (varies - approximately $325)
- Additional meals ($15/day)
- Course materials (approx. $110)
- Personal expenses & entertainment

Need-based Travel Scholarships

A limited number of Stern travel scholarships will be available for students who qualify. You must have an updated FAFSA or CSS profile on file with NYU to be considered. Students will receive more information about applying for Stern travel scholarships after registering for the course. Please note: Stern travel scholarships can only be awarded to Stern students.

Passport & Visa Requirements for all Participants

• Passports: You must have a passport valid for a minimum of six months - through July 2018 - to travel. For more information on passports, consult the U.S. Department of State's website.

• Tourist visas: Most students (including US Citizens) will need a tourist visa to travel to Chennai. Please consult the India Visa Center. Students must obtain their tourist visa before departure for India.

Note: It is the student's responsibility to apply and receive the appropriate visas for their passports in a timely manner for the trip. Refunds are not provided for those students who fail to secure their visas.

Learn More! Upcoming Info Sessions: