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'NERA Economic Consulting Workshop' Held at Intaglio 2005-06 at IIM Calcutta The 'NERA Economic Consulting Workshop' held on Day 4 of Intaglio - the International B-school Meet at IIM Calcutta - was conducted by Mr. Fabien Curto Millet, who is a DPhil candidate in Economics at the University of Oxford and holds an MPhil in Economics and a BA in Economics and Management from the same institution. He is presently a Lecturer in Economics at Balliol College, Oxford. He has work experience with NERA Economic Consulting, the Institute for Fiscal Studies, and the European Commission's DG Trade and Microsoft. Mr. Curto Millet has presented several motion proposals to the European Parliament on behalf of Spanish young people and has advised the European Network on Street Children Worldwide. He was also a co-Editor of Europa Magazine and holds several journalistic and IT awards. The topic of the workshop was "The Importance of Competition Policy for Indian Firms". The lecture revolved around 3 key issues - what is competition policy and why is it important for India, why should Indian firms be concerned about it and the role of economics in competitive policy. Various other issues were also brought forward like how monopoly can affect the market, how exclusionary or exploitive policies by a cartel or a firm in dominant position in market can affect other players, the long run and short run effects of mergers and acquisitions and the various strategies strengthening collusion. Light was also shed on the competition policy of India - the history of its inception and the various amendments made to it with time. It was a very informative as well as interactive session. Students attending the lecture were very impressed with Mr. Curto Millet's style of communication. Shubha Lal, a student of IIMC, felt that even a person who has no previous knowledge in economics would have found this session lucid enough. To discuss the issues, Mr. Curto Millet used many examples and cases which were very rich in terms of what could be drawn from them. Contributed by - |
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