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NMIMS

The SVKM’s NMIMS Sarla Anil Modi School of Economics hosted a Summer School from May 13 to May 18, 2019, for students in grades 10 to 12, focusing on various aspects of economics. The program included sessions on microeconomics, the economic transformation of India, and interactive learning through games to illustrate economic principles. Faculty members Dr. Mohd. Imran Khan, Dr. Anand B., and Dr. Esha Khanna led the sessions, providing insights into individual behavior, India's economic history, and practical applications of economic concepts.

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11 views2 pages

NMIMS

The SVKM’s NMIMS Sarla Anil Modi School of Economics hosted a Summer School from May 13 to May 18, 2019, for students in grades 10 to 12, focusing on various aspects of economics. The program included sessions on microeconomics, the economic transformation of India, and interactive learning through games to illustrate economic principles. Faculty members Dr. Mohd. Imran Khan, Dr. Anand B., and Dr. Esha Khanna led the sessions, providing insights into individual behavior, India's economic history, and practical applications of economic concepts.

Uploaded by

Nauman Naik
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SVKM’S NMIMS Sarla Anil Modi School of Economics

Summer School - 2019

Summer School for 10th to 12th Standard students


Duration: (13th May 2019 – 18th May 2019)
Name: Exploring Economics

Session I: Exploring individual behaviour through the eyes of an Economist.


Faculty: Dr. Mohd. Imran Khan
Time: 10:00am to 11:00am

In this short introduction to microeconomics, we will learn the relationship between core ideas
of Microeconomics like utility, marginal decision-making, efficiency and demand-supply
diagram and many of the decisions that individual make in their day to day life. Close
observation of individual decisions is important learning ground for Economics enthusiast.

For example, we will see that seemingly innocuous actions like roaming around in mall can have
bearings on business decisions. We can see how to evaluate offers and schemes so as not to be
fooled. We can make sense of the fact that why many famous eateries might be actually inferior
to some other obscure places.

The objective of the discussion will be to highlight how careful observation of human behavior
can tell something about what goes inside the human mind and how such observations used in
the form of microeconomics can help us to make better decisions for ourselves and society.
Some useful readings, those clearly not prerequisites, are: Tim Harford’s ‘Undercover Economist’
and ‘Freakonomics’ by Steven Levitt.

Session II: Understanding the World Through and Economic Lens.


Faculty: Dr Anand B.
Time: 11:10am to 12:10pm

Course objective:
In this course, we examine the economic transformation of India from 1947 to 2018. There is a
whole host of economic issues that one encounters in newspapers and popular discussions. We
pick 3 such broad topics and provide real world examples and empirical evidence that motivates
the discussion of these issues. The impact of economic liberalization and its effects on both real
and financial sector of the country will be analyzed using scholarly articles and case studies.

Session Details:

1. The Indian Economy pre and post Global Financial Crisis

i) Structural break in the Indian economy is it 1980s or 1990s?

ii) The rationale behind liberalisation, privatization and globalisation.

iii) Indian Economy post 2007-08.

2. India's Financial Sector

i) Financial liberalization: What does that mean?

ii) Foreign capital. Is it good or bad for the economy?

iii) Indian banking sector: How vulnerable is it?

3. India and the World


i) Can India become the new economic powerhouse of Asia?

ii) India vs. China: How different is the growth story?

iii) India’s quest for global power status: Is it feasible?

Session III: Funomics


Faculty: Dr. Esha Khanna
Time: 12:30pm to 1:30pm

Course Objective:
On the completion of the module, Students should be able to demonstrate:
 Acquaintance with prevalent tools in economics
 Recognizing that economic issues can be viewed from different perspectives
 Understanding of economic problems, policies and their implementation

Session Details:
Playing games is fun, but playing games with a distinct pedagogical purpose in mind is better. This
course will make teaching of economic concepts fun with games and experiments.
These experiments will take you beyond the theoretical world of economics with a much more
realistic approach and close to the ground realities of the current economic state.
It will provide students opportunity to trade, purchase, collude or strike a deal and determine
equilibrium prices by negotiations with the other party. Students are given hands on training via
carefully crafted experiments that enable them to observe the economic principles in action.

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