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MSU contemplates introducing paper on Canadian Economy

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Yashpal Parmar

Posted: Jan 04, 2008 at 0000 hrs IST

Vadodara, January 3 M S University’s Business Economics Department is contemplating introducing a paper on Canadian Economy at the postgraduate level. The subject will replace the paper on Corporate Finance.

But what has surprised many is that the university wants students to learn about Canadian economy, when it doesn’t even have a compulsory paper on Indian economy. Also, the fact that it has come after one of the department teachers earned a Canadian fellowship has raised eyebrows. Many believe that bringing this paper in optional pool of eight papers defies logic.

Still, the subject has already been approved at the department level, and is most likely to come up for final approval before the commerce faculty board meeting, where it is to be introduced as one of the eight optional subject papers in the Department of Business Economics at the Faculty of Commerce.

Those who are against its introduction, say there is no logic in replacing an already existing paper on Corporate Finance from the list of eight papers taught in the course, and that too when the department is not teaching anything on

Indian Economy to its students. They say the university should have introduced the paper as an optional subject, on an experimental basis.

Commerce faculty staffs said most of the students failed in economics in the university. As such, it would have been better for the department to strengthen this subject by teaching them about the local economy before delving into a foreign country’s. Also service sector, global economy, regional economy or any other economy could be given preference over one particular country’s economic model, they said.

Business economics department officiating head Samir Joshi, however, could not be contacted despite repeated attempts, while sources in the department said, “The previous department head had given a commitment after fellowship to be instituted and Joshi had visited Canada on that fellowship.”

Faculty dean Prof S K Singh refused to comment saying, “We have our faculty board meeting on February 5 and the agenda is yet to be prepared. The faculty board is highest authority and its decisions are binding.”

Sources in business economics department, nevertheless, said, “We are completely restructuring the subject pattern to offer a package and focus is to make it more meaningful. In first year all four subject will be compulsory, while in the final year, they will have two optional and two compulsory subjects.

But there are some who are opposing this move. Evidently, the Faculty of Arts’ department of economics has ten papers including Indian Economy at the Masters level.

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