Online Interactive Live Session on Economics for mini MBA Students

Professor Chandu Nissa, Head of Economics for UG at Stella Maris College, conducted an awesome interactive Live Session for the mini MBA students. She conducted the live session in the Online Social Learning Platform of myBskool. Students asked questions via chat and she answered the questions about Economy with good examples. Students could see the video of the Professor.

Prof Chandu explained risk and uncertainty, demand and supply, elasticity of demand, equilibrium of demand, Bandwagon effect, and Diamond-Water Paradox.

When asked how knowledge of Economics helped a Manager, she said that while entrepreneurs focused on dividends to investors, managers focused on perks and employee benefits. Having an economic bend of mind will help the manager to put himself in the shoes of the business owner.

When asked if raising prices lowered the demand she said that people addicted to certain products will buy the product even if the price rises. e.g. tobacco smokers

Prof Chandu also answered questions about FDI, inflation, and more. She said that a person has to pay money for whatever they buy or use. But many Indians carried a ‘begging bowl’ and wanted freebies or paid less for a costly product. She told that Indian RBI was respected worldwide and India will come out with flying colours!

It was a very interesting and informative Live Session on Economics. Prof Chandu was very relaxed, friendly, and sportive. myBskool plans to organize many such Live Sessions. So, please stay tuned.

Register here to be part of this unique learning experience. 

Awesome Student Engagement in mini MBA Studyroom of myBskool

Wow. So many interesting discussions are going on in the online studyroom of myBskool's mini MBA program. After viewing Sebastian's video about Economics, students have been having discussions about free market, command market, and mixed markets. And what type of market economy exists in India. We are overwhelmed by the positive response in the online studyroom. That is what we promise right - engaging, collaboration, and interactive social learning environment.

Take a look at the snapshots of discussions here. Do you wish to be a part of this interactive learning experience? Please join the FREE online mini MBA program by clicking
http://www.mybskool.com/index.php/programs/minimba

Isn't a Housewife or Homemaker the Best Manager?

“You do have some people who still question how well you can develop socialization skills to work with other people if you are getting the degree online,” Bailey says. “One person I interviewed said, ‘How do I know if someone who spent the last two or three years getting their MBA in pajamas can come into the office?’ That maybe a sarcastic comment, but that is what some people still think about people who get their degrees online from home. 

Trying a parallel argument, isn't a homemaker the best manager? She pays electricity and newspaper bills, bargains with the fruit vendor, works 24 x 7, delivers breakfast, lunch, and dinner on time. She coaches her son for final exams and attends parent-teacher meetings at school. And gives some homemade medicine to her ailing mother-in-law.

What about a Punjabi housewife who runs a Paying Guest outlet in her home? She manages young women from different backgrounds who work in different industries. She allocates rooms as per the rent the working women are willing to give. And delivers food on time everyday. 

So, how does being at home or working at home, make these women less of managers or entrepreneurs? 

The same holds good for a student or working professional who gets a management degree online. Say, for instance the experience of a student who does a PGDM online from myBskool. The student does not study in isolation. The social learning platform has online chat rooms where students can chat with professors and batchmates. The student can also call a professor on the mobile. The student engagement officer throws an activity chart every week that helps the student to study subjects regularly.

But, employers are now warming up to online MBA professionals. And hope technology fuels and solves the communication question! 

How Does myBskool make Videos on Management?

myBskool sources the best professors and/or industry experts for each subject such as economics, accounting, banking, strategic management, supply chain management, MIS, and more. myBskool has a database of more than 20 professors who have done their Ph.D and have submitted research papers in national and international forums. Many professors are alumni of IIT and IIM. The professors make powerpoint presentations based on their experience and the latest books and journals that myBskool gives them. The presentations are vetted for content and language quality. Then the professor talks about the presentation in the studio adding his/her viewpoints on the fly. The studio has the latest infrastructure and software to produce high-quality videos. 

myBskool now offers 1500+ power-packed video lectures, 6000+ powerpoint audio lessons, and case study discussions on video/podcast. These videos are suitable for various platforms such as tablets, PC, and smartphones. 

A professor getting ready for the video shoot

Bye Bye Brick and Mortar Schools

Huge costs to build schools and classrooms are driving people to find alternate solutions. With the growing population and industrialization, institutions have to compete for land in urban areas. It is no wonder that online education and work-from-home are the norms of the day!

But sometimes there are shortcuts to success. In Gautemala, a school has been built out of  5000 old plastic bottles and litter. A really creative and cost-effective classroom it is! To read the full story, click here.

No Ragging Online?

Colleges are all set to reopen and youngsters will enter the college premises with dreams and passion. However, the ragging menace always looms large. Is ragging always a threat? Not necessarily. Ragging is an ice-breaker and brings fun and creativity in the initial days of college. And helps to network with seniors who can guide you in studies and around the college campus. Due to ragging, many people fall in love and get married later.

But sometimes the decency limits are crossed during ragging. As students come from diverse backgrounds, what is good for someone may be bad for another. So, ragging is like gambling. The Tamilnadu government has given a mailid raggingcomplaints@gmail.com to which students affected by ragging can send a message.

Online education overcomes the ragging menace. Students meet in the online chat rooms and are focused on clearing subject queries. Higher education Online learners are working professionals and have the maturity to deal with their juniors and peers. So, ragging is not a big threat in Online Education. 

What does Thomas Friedman feel about Online College Education?

Three times Pulitzer prize winner Thomas Friedman, and author of the book “The World is Flat,” gives a Thumbs Up to Online College Education.

“Welcome to the college education revolution. Big breakthroughs happen when what is suddenly possible meets what is desperately necessary. The costs of getting a college degree have been rising faster than those of health care, so the need to provide low-cost, quality higher education more acute than ever. At the same time, in a knowledge economy, getting a higher-education degree is more vital than ever,” the Pulitzer prize winner writes. 


“And thanks to the spread of high-speed wireless technology, high-speed Internet, smartphones, Facebook, the cloud and tablet computers, the world has gone from connected to hyperconnected in just seven years. Finally, a generation that has grown up on these technologies is increasingly comfortable learning and interacting with professors through online platforms.” 

Are you convinced about Online Learning? Now are you thinking of an online management program? Then visit myBskool. myBskool programs have been built for a three-screen platform — PC, tablet and smart phone. And offers 6,000 audio/ podcast and 2,500 video lectures, delivered by management professors and experts from around the country.

Look at Online Studyroom of myBskool

How does the Online Study Room of myBskool look like? When you enter the Online Study Room you can see a list of Management Subjects such as Strategic Management, Financial Accounting, Business Law, and Foundation of IT. When you select the Management topic you want to learn, a list of sub-topics are displayed.

Every sub-topic has video lectures, powerpoint presentations and assessments. The video lectures are delivered by highly qualified and experienced management professionals and lecturers. The PowerPoint presentations have accompanying audio. The assessments test the learning outcomes using multiple-choice and other question models. So, the studyroom gives an enriching learning experience.

Do you want to see a demo of the courses? Click here. Register, view, and give us a feedback about the Studyroom.

Studyroom Videos

Studyroom Powerpoint Presentations

Studyroom Assessments