Who attended the session?
Undergraduate students from HR and Jai Hind College attended the session.
What was the agenda of the session?
- To understand more about the undergraduate curriculum in economics
- Recognise gaps in content & delivery and identify remedial measures
- Introduce students to the faculty and other initiatives at MDAE and get their feedback
What were the key points that were brought out:
- The current curriculum includes subjects like:
- Research project (writing Assignment).
- Indian Economy
- Advance Economic Theory
- International Economic Theory
- Maths & Stats
2. Key points in the education system that were highlighted were:
- Students felt that their education is centred on how to secure high marks in exams and not focused on teaching them economics.
- There is no motivation to go beyond the syllabus and read outside the prescribed books.
- The learning is not application based.
- Students felt that there was a need to have a curriculum that develops critical thinking.
- Overlapping subjects leading to repetitive learning.
- Regimented assessment system which promoted rote learning (focus on answer length instead of content).
- Lack of exposure and substandard grounding in newer areas like International Political Economy, Development Studies and Behavioral Economics.
- Absence of research component as a pre-requisite in the curriculum – leading to students being underprepared for higher studies in India & abroad
3. Potential remedial measures that were suggested included:
- Change testing and evaluation methods from being factual to being analytical
- Inclusion of more practical case-studies as part of the curriculum
- Focus on research component
4. Steps students are taking in order to get more relevant learning:
- Short term internships during their vacations
- Take up research assignments / projects with NGO’s & other institutions
- Organise & participate in more economics festivals
5. Professor Indradeep Ghosh (Associate Professor, MDAE) suggested the following:
- To develop practical understanding of concepts, students should study cases like the Microsoft Antitrust Case & the Euro Crises Case. They must also answer larger macroeconomics questions like should India liberalise the capital account or not?
- Perform research in a systematic way – ask the right questions, identify the correct sources to seek answers, synthesise these answers and then put in your own contribution to the argument
Date(s) - 20/11/2015
2:00 pm - 3:30 pm