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|Title:||Teaching economics in a management school: Some personal quandaries|
Global financial crisis
Management Education in India: Perspectives and Practices
|Abstract:||The paper looks into the issue of the relationship between economics and management studies in a management school. Instead of attempting any grand view, the paper seeks to look into three distinct questions viz.,: (a) usefulness of learning economics in a management school; (b) utility of case studies as a pedagogical devise in the study of economics; and (c) relationship between finance and economics as distinct disciplines. The broad inferences of the paper are the following. First, while learning economics would be of use to a student of management as a background, its usage and application need not be exaggerated in the sense that knowledge and running of a corporation are quite different from knowledge/running of the whole economy. Second, while traditionally economics is taught in a deductive manner, usage of case studies to teach economics could be worthwhile in a management school. Third, despite the close links/parentage, finance as discipline has been able to establish its adulthood from economics; however, the recent disjoint between finance and economics have turned costly for both to the disciplines. © Springer Science+Business Media Singapore 2017.|
|Description:||Ray, Partha, Indian Institute of Management Calcutta, Kolkata, West Bengal, India|
ISSN/ISBN - 978-981101696-7;978-981101695-0
DOI - 10.1007/978-981-10-1696-7_7
|Appears in Collections:||Economics|
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