MIT-WPU Economics Blog

  There are two methods of case discussion viz. (i)       Individual method (ii)  Syndicate or group method.   In case of Individual Method , the instructor opens the discussion in the classroom scenario, and all the students are expected to participate in the discussion. The instructor moderates and coordinates the discussion. In case of Syndicate or Group Method , a student are put into syndicates or groups in one session of the class and each group analyses and discuss the case and prepare the written report and presents the same to the class in the next session for comments and further discussion. Then all the students listen to the reports of all groups and then further discuss the case based on the reports. Finally, the class will offer recommendations and plan of action DEVELOPING A CASE ANALYSIS IN LITERATURE A written case study is more or less identical to the class discussion of case analysis. As there is no role of instr...

  Schools across the globe use case study as a major method to teach students. What is a Case? A case is a description of a management problem or situation as viewed or presented to a decision-maker. It is a pedagogical tool that involves a discussion centred around the case. It sets a situation with all the ancillary facts, figures, emotions, opinions, views, grapevine, and the like. A case is all about a specific managerial organization containing its presents actualities, events, and institutional surroundings. It is a simulation kind of experience for the readers where he/she can familiarize themselves with the plan of action and corresponding circumstances. The case method includes the special type of instructional material that is developed for the purpose and the special technique of using that material in the instructional process.   Why do we need Case Methodology for Teaching? All organizations are different and dynamic each managerial circumstance requires per...

An agrarian economy like India, with 56.6% [1] of the total population engaged in agriculture and allied activities has failed to be a quintessential epitome of an agrarian economy. The agricultural sector's total contribution to India’s total GDP is only 17-20% [2] . The reason for such low productivity is the lack of awareness and outreach in rural India. Even today in many parts of the country agriculture is done just for subsistence consumption and is carried out through primitive means. Seeds are scattered across fields at random, with no consideration given to how many plants will sprout in a particular area. Farmers are unaware of the amount of fertilizer or insecticides that should be sprayed per hectare of land. Sustainability is a need of an hour for Indian agriculture. Sustainable agriculture methods and science are as old as the evolution of agriculture. Sustainable agriculture is a method or ideology that combines environmental responsibility and agricultural producti...

  Our goal as educators is to innovate and promote cutting-edge research that is of interest to academics, policymakers and the public in general. Economics of Education should consider the issues related to education policy and finance, human capital production and acquisition, and the returns to human capital. The major challenges are growing cost verses rate of return, earning quality and inequality in earning. Education and economics are to be viewed differently. Rather than viewing education as a method of feeding industry, we should consider education as a process where seeking is encouraged. Directed acquisition of knowledge driven by curiosity and powered of self-learning skills should be the focus of our education system. Demand side dynamics & challenges Demand for education can hardly be overstressed. However given pace of technology and democratization of information, nature and requirement from the education is undergoing a profound change. It’s a high time t...

  Predominantly Investment has a humongous space in macro-economics, providing scope to discover the quintessential investment plan and booster to grow economy productively and unravel the prospective deployment of resources in the required sectors and henceforth, studying and analysing Theories of Investment becomes utmost crucial for policymakers as well as corporates (individuals at micro-level too). The two most popular theories are: -      Accelerator Theory of Investments: investment spending is unaffected by the cost of capital and is proportional to the change in output. ·      Flexible Accelerator Theory of Investments: establishes that the larger the gap between the existing capital stock the desired capital stock, the more rapid a firm's rate of investment.   Desired Stock of Capital (a theoretical concept to date) has been derived for real-time data with the formula: Desired Stock of Capital = 0.5*(W/R)*Y Where, W= Wag...