Macro Economics and Policy Instruments
Sunday, September 18, 2005
Economics professor at the IIMs, Deputy Governor of RBI, Member of the planning commission, Governor of RBI, Governor of Andhra Pradesh, Chairman of Finance Commission and Chairman of Prime Ministers Economic Advisory Council – marks the career of the Padma Vibhushan who taught us Macro Economics and Policy Instruments today. As our deputy dean said, “It can’t get closer to reality than this”. The 4 hour lecture by Dr.C.Rangarajan was practical and opened the Indian context of Macro economics to most of us. He was neither a classical economist nor a Keynesian, but explained Indian economics to most of us who are biased to one of the sides of economics. I am sure it would get ever better as the topics to be discussed in the remaining classes are more interesting.
The only problem with this lecture is that there are 160+ students registered and so the classes are being held in the Khemka auditorium… I don’t get the classroom atmosphere out there. I was taking notes rigorously to sustain the concentration. The remaining 6 lectures would be taken anytime in the next 4 terms depending on his availability.
One of Dr.C.Rangarajan’s anecdotes in class
“If your neighbor is unemployed… it is recession. But if you are unemployed, it is depression”
The only problem with this lecture is that there are 160+ students registered and so the classes are being held in the Khemka auditorium… I don’t get the classroom atmosphere out there. I was taking notes rigorously to sustain the concentration. The remaining 6 lectures would be taken anytime in the next 4 terms depending on his availability.
One of Dr.C.Rangarajan’s anecdotes in class
“If your neighbor is unemployed… it is recession. But if you are unemployed, it is depression”
reminds me of the ISB experience... thanks for blogging!
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