Introduction to IPM at IIM Indore
The Indian Institute of Management Indore (IIM Indore) offers a unique and comprehensive Integrated Programme in Management (IPM), which seamlessly blends undergraduate and postgraduate studies. This program is meticulously designed to groom future business leaders from a young age, instilling in them the knowledge and skills needed to excel in the complex world of management.
Overview of the Curriculum
Structure and Duration
The IPM at IIM Indore is a five-year program divided into two parts: the first three years focus on foundational disciplines, and the last two years concentrate on advanced management studies, which align with the curriculum of IIM Indore’s flagship Post Graduate Programme in Management (PGP).
Degree Awarded
Upon successful completion of the program, students receive a dual degree: a Bachelor of Arts (Foundations of Management) and a Master of Business Administration (MBA). This dual degree reflects the comprehensive nature of the IPM, providing students with a robust educational foundation and advanced managerial expertise.
Year 1 Curriculum
The first year of the IPM lays the groundwork in various disciplines, combining quantitative and qualitative courses to build a broad knowledge base.
Term 1 Courses
Microeconomics-I (4 Credits): This course introduces students to the principles of microeconomics, focusing on the behavior of individuals and firms in making decisions regarding the allocation of resources.
Differential Calculus (6 Credits): Students explore the concepts of differential calculus, which are fundamental to understanding changes and rates of change in various contexts.
Statistical Methods-I (6 Credits): This course covers the basics of statistical methods, essential for data analysis and interpretation.
Sociology-I (4 Credits): An introduction to sociology, examining the structure and dynamics of societies and human behaviors.
Philosophy-I (3 Credits): Students delve into philosophical thinking, exploring fundamental questions about existence, knowledge, values, reason, mind, and language.
Language Skills in English-I (2 Credits): This course enhances students’ proficiency in English, focusing on effective communication skills.
Introduction to Algorithms (2 Credits): An introductory course on algorithms, teaching the basics of computational problem-solving.
Dance-I (4 Credits): Students engage in dance to develop physical fitness and creative expression.
Drama-I (4 Credits): This course involves participation in drama, enhancing students’ creativity and performance skills.
Physical Training and Sports/Social Work: A non-credit compulsory course that promotes physical fitness and social responsibility through sports and community service.
Term 2 Courses
Macroeconomics-I (4 Credits): An introduction to macroeconomics, focusing on the economy as a whole, including inflation, unemployment, and economic growth.
Integral Calculus (6 Credits): Building on differential calculus, this course covers integral calculus and its applications.
Probability-I (6 Credits): Students learn about probability theory, which is crucial for understanding uncertainty and making informed decisions.
Psychology-I (4 Credits): An introduction to psychology, examining the human mind and behavior.
Language Skills in English I (Part B) (2 Credits): A continuation of the first term’s English language course, further enhancing communication skills.
Introduction to C (4 Credits): This course introduces students to programming in C, a foundational skill for computer science and engineering.
Drama-II (4 Credits): Continuation of the first term’s drama course.
Dance-II (4 Credits): Continuation of the first term’s dance course.
Physical Training and Sports/Social Work: A non-credit compulsory course.
Term 3 Courses
Microeconomics II (4 Credits): A continuation of the first term’s microeconomics course, delving deeper into economic theories and applications.
Linear Algebra (6 Credits): This course covers linear algebra, essential for various fields including mathematics, engineering, and economics.
Sampling Distribution & Statistical Inference (6 Credits): Students learn about sampling distributions and the principles of statistical inference.
Political Science I (3 Credits): An introduction to political science, exploring the theory and practice of politics and governance.
Philosophy II (2 Credits): A continuation of the first term’s philosophy course.
Presentation Skills (4 Credits): This course focuses on developing effective presentation skills, crucial for professional success.
Introduction to Data Structure (2 Credits): An introductory course on data structures, fundamental to computer science and programming.
Introduction to Databases (4 Credits): This course covers the basics of database management systems, essential for data organization and retrieval.
Drama III (4 Credits): Continuation of the drama courses from the previous terms.
Dance III (4 Credits): Continuation of the dance courses from the previous terms.
Physical Training and Sports/Social Work: A non-credit compulsory course.
Year 2 Curriculum
The second year builds on the first year’s foundation, introducing more specialized and advanced topics.
Term 4 Courses
Macroeconomics II (4 Credits): A continuation of the first term’s macroeconomics course, exploring advanced topics in macroeconomics.
Numerical Analysis (6 Credits): This course covers numerical methods and their applications, essential for solving mathematical problems computationally.
Statistical Methods II (6 Credits): Building on the first term’s statistical methods course, this course covers more advanced statistical techniques.
Psychology II (3 Credits): A continuation of the first term’s psychology course, exploring deeper aspects of human behavior and mental processes.
Political Science II (3 Credits): A continuation of the first term’s political science course.
Language Skills in English II (2 Credits): This course further enhances students’ proficiency in English.
Critical Thinking and Writing Skills-I (3 Credits): A course designed to develop critical thinking and effective writing skills.
French I (4 Credits): An introductory course in French, promoting language diversity and cultural awareness.
Spanish I (4 Credits): An introductory course in Spanish.
Term 5 Courses
Econometrics (4 Credits): This course introduces students to econometric methods, essential for empirical economic analysis.
Linear Programming (6 Credits): Students learn about linear programming techniques and their applications in various fields.
Economic Statistics (6 Credits): This course covers statistical methods specific to economic data analysis.
Sociology II (3 Credits): A continuation of the first term’s sociology course.
Philosophy III (2 Credits): A continuation of the philosophy courses from the previous terms.
Language Skills in English II (2 Credits): A continuation of the second term’s English language course.
Research Methodology (4 Credits): This course teaches students the principles of research design and methodology, essential for academic and professional research.
French II (4 Credits): A continuation of the first term’s French course.
Spanish II (4 Credits): A continuation of the first term’s Spanish course.
Term 6 Courses
Development Economics (4 Credits): This course explores the economics of developing countries, focusing on growth, poverty, and policy.
Humanities and Social Sciences I (2 Credits): An interdisciplinary course covering various topics in humanities and social sciences.
Psychology III (3 Credits): A continuation of the psychology courses from the previous terms.
Sociology III (3 Credits): A continuation of the sociology courses from the previous terms.
Language Skills in English III (4 Credits): This course focuses on advanced English language skills.
Object Oriented Design, Programming and JAVA (4 Credits): A course on object-oriented programming and design, using JAVA as the primary language.
Optimization (6 Credits): Students learn about optimization techniques and their applications in various fields.
Multivariate Analysis (6 Credits): This course covers statistical methods for analyzing multiple variables simultaneously.
Visual Analysis (6 Credits): A course on visual data analysis techniques.
LAW (4 Credits): An introduction to legal principles and their applications in business and management.
French III (4 Credits): A continuation of the French courses from the previous terms.
Spanish III (4 Credits): A continuation of the Spanish courses from the previous terms.
Year 3 Curriculum
The third year focuses on more specialized courses and electives, allowing students to tailor their education to their interests.
Term 7 Courses
Political Science 3 (3 Credits): A continuation of the political science courses from the previous terms.
Humanities and Social Sciences 2 (2 Credits): A continuation of the humanities and social sciences course from the previous term.
Corporate Etiquette and Image Management (4 Credits): A course on professional etiquette and personal branding.
Accounting (4 Credits): An introduction to accounting principles and practices.
Public Economics (Elective): This elective covers the economics of the public sector, including taxation, public expenditure, and public goods.
International Trade (Elective): An elective on the theories and practices of international trade.
Game Theory: This elective explores game theory and its applications in economics, business, and social sciences.
Stochastic Processes I: An elective on stochastic processes and their applications.
Introduction to Stochastic Calculus: An elective on stochastic calculus, essential for financial modeling and risk management.
Intellectual Property Rights: An elective on the legal and economic aspects of intellectual property.
Community Mental Health: An elective on mental health issues and community-based interventions.
Term 8 Courses
Web Development (2 Credits): A course on web development technologies and practices.
Business History (4 Credits): A course on the history of business and its evolution over time.
Business, Government and Society (4 Credits): This course explores the interactions between business, government, and society.
Principles of Management (4 Credits): An introduction to the principles and practices of management.
Media Literacy (Elective): An elective on media literacy and its importance in the modern world.
Indian Economy (Elective): An elective on the structure and performance of the Indian economy.
Environmental Economics (Elective): An elective on the economics of environmental issues.
Mobile Data Management (Elective): An elective on managing and analyzing mobile data.
Leadership Insights for Contemporary Businesses from the Mughal Empire (Elective): An elective drawing leadership lessons from the Mughal Empire.
Positive Organizational Psychology (Elective): An elective on positive psychology in organizational settings.
Key Issues in Contemporary Indian Politics (Elective): An elective on contemporary political issues in India.
Contemporary India Society and Culture (Elective): An elective on Indian society and culture.
Business Ethics: Learning the Integrative Live Case (ILC) Way (Workshop) (Elective): An elective workshop on business ethics.
Indian Financial System (Elective): An elective on the Indian financial system.
Discovering Self (Pass/Fail course) (Elective): An elective on self-discovery and personal development.
Term 9 Courses
Monetary Macroeconomics (Elective): An elective on monetary theory and policy.
Competition Policy (Elective): An elective on competition policy and regulation.
Topics in Macroeconomics (Elective): An elective on advanced topics in macroeconomics.
Nature Watching (workshop) (Elective): An elective workshop on nature watching.
Cost-Benefit Analysis of Public Policy Making (Elective): An elective on cost-benefit analysis for public policy.
Essentials of Human Values (Elective): An elective on human values and ethics.
Crafting Your Inner World (workshop course) (Elective): An elective workshop on personal development.
New Media and Society (Elective): An elective on new media and its societal impacts.
Understanding Indian Bazaar (Elective): An elective on the dynamics of Indian markets.
International Organizations and Contemporary Challenges of Global Governance (Elective): An elective on international organizations and global governance.
Python Programming (Elective): An elective on programming in Python.
Mobile Commerce and Security (Elective): An elective on mobile commerce and its security aspects.
Introduction to R Programming (Elective): An elective on programming in R.
Stochastic Calculus II (workshop course) (Elective): An elective workshop on advanced stochastic calculus.
Workshop on Case Analysis (workshop course) (Elective): An elective workshop on case analysis.
Journey of Self-Discovery and Strengthening Self (workshop course) (Elective): An elective workshop on self-discovery.
Experiential Learning and Internships
Social Internship
The social internship provides students with an opportunity to work with non-profit organizations, focusing on community service and social development projects.
Business Internship
The business internship allows students to gain practical experience in the corporate world, working with leading companies and gaining insights into business operations and management.
Conclusion
The IPM at IIM Indore offers a comprehensive and rigorous curriculum designed to develop well-rounded individuals equipped with the knowledge and skills necessary for successful careers in management. The program’s unique blend of foundational and advanced courses, coupled with experiential learning opportunities, prepares students to navigate the complexities of the business world with confidence and competence.
FAQs
Q1: What is the duration of the IPM at IIM Indore?
A: The IPM at IIM Indore is a five-year program.
Q2: What degree is awarded upon completion of the IPM?
A: Students receive a dual degree: a Bachelor of Arts (Foundations of Management) and a Master of Business Administration (MBA).
Q3: Are there any internships included in the IPM curriculum?
A: Yes, the IPM includes both social and business internships to provide practical experience.
Q4: Can students choose electives during the IPM?
A: Yes, students can choose from a variety of electives in the third year of the program.
Q5: What kind of courses are included in the IPM curriculum?
A: The curriculum includes a mix of quantitative and qualitative courses, covering subjects like economics, mathematics, statistics, sociology, psychology, political science, philosophy, computer science, and management.
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