Monday, June 19, 2006

GLEC

Krishna Kumar, our professor for Global Economics, has the smarts and the funnies too. In a couple sentences he can elucidate Repo and Reverse Repo rates, GDP vs. GNP, Labor Productivity vs. Total Factor of Productivity. Brevity with clarity is what makes a good professor great. Just like Prof. Raju, who summed up 6 weeks in 10 minutes in his last lecture on Marketing Management. Global Economics seems a vast subject. How much can we siphon out of up-there Prof. Kumar through the 2-hour narrow pipes of his class?
 
And humor:
- I have little comparative advantage over the text book and google on specific institutional questions (e.g. are the bank reserves physically stored in the RBI or the banks themselves?). Honestly, I don't know the answers to such questions.
 
- GDP/workers may be a better measure than GDP/population, as in a population there may be kids who don't work, retired people who don't work... government employees, who don't work either.
 
It's going to be two hours of learning International Trade and Globalization. Good fun.

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