Economics and Strategy is one of the key academic areas having link with all post graduate programmes of NITIE. The area combines two broad disciplines, viz. Applied Economics and Strategic Management. The faculty members from the area have teaching and research interests in a wide variety of subjects like microeconomics, macroeconomics, environmental economics, international economics, developmental economics, strategic management, international business strategy, corporate and business laws, economics of innovation etc. In addition to offering a few courses like Managerial Economics, and Strategic Management, which are common to all programmes, the area has a large number of programme-specific as well as open electives.
The faculty members undertake theoretical and empirical research on a large number of inter-disciplinary areas like industry analysis, economic environment of business, labour markets, natural resource management, climate change and vulnerability, carbon markets, strategic leadership, globalization and economic competitiveness, international business strategy, environmental valuation, discrete choice experiments, management of NPAs in banking sector, competition policy, corporate governance etc. The area faculty members are also organizing regularly several Management Development Programmes (MDPs) for the working executives from both public and private sectors. Some of the popular topics of MDP are Managerial Decision Making, Managerial Skills for Technical Personnel, Strategy & Leadership Development for Managers, Corporate Performance Measurement, Economic Tools for Managers, Productivity, Efficiency and Business Forecasting etc. The area has the expertise in offering need based management consultancy in performance evaluation & design of incentive scheme, economic impact analysis and policy evaluation, manpower planning, strategic consultancy etc.