Business Economics 6 Sept
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BUSINESS ECONOMICS AFTERSCHO☺OL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
BUSINESS ECONOMICS Dr. T.K. Jain.
AFTERSCHO☺OL Centre for social entrepreneurship Bikaner M: 9414430763 [email protected] www.afterschool.tk, www.afterschoool.tk www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
IN WHICH MARKET THERE ARE NO ENTRY OR EXIT BARRIERS? • Perfect Competition
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
In which market, there are homogenous products? • Perfect market
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
In which market, you cannot decide price? • Perfect market
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
In which market, there are infinite number buyers and sellers? • Perfect market
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
The MC curve in perfect market reflects one more curve, what is that? • Supply curve
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
If I sell 100 items for Rs. 40 each, and 101st at Rs. 30, what is MR and AR at 101st item sale? • MR = 30 • AR = TOTAL REVENUE / TOTAL UNITS • =(40*100 + 30) / 101 = 39.9 answer.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
My AR is 24, MR=20, AC = 19, MC = 17. Total production = 120 units. What is my profit? Should I produce more? • • • •
Profit = (AR – AC ) * no. of units =(24 – 19 ) * 120 =600 answer. Yes we should produce more, till MR = MC.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
My TR = 23000, MC = 21, AC = 22, No. of Units are 1000. The firm is in equilibrium. What is profit, MR, AR? • Profit = TR – TC =23000- 22000 = 1000 • Or (AR – AC) * 1000 = (23 -22)*1000 = 1000 • AR = Total Revenue / No. of units • =23000/1000 = 23 • MR is 21 (MR = MC, because the firm is in equilibrium). AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS www.afterschoool.tk
What is my AR, MR & TR, if my profit is 2500, Total cost is 10000, AC is 100. the cost of last item produced was 95. The firm is in equilibrium. • No. of units produced = TC / AC = 10000/100 = 100 • TR = TC + profit = 10000+2500 = 12500 • AR = TR / No. of units = 12500/100 = 125 • MR = MC, so MR = 95 answer. www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
What is the equilibrium of the industry? • When all the firms are earning normal profit and there is no entry and exit, it is equilibrium of the industry
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
What is the equilibrium of the firm in the long run? • LMC=MR=LAC= LOWEST SMC
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
WHAT IS EQUILIBRIUM OF THE MONOPOLIST? • MR = MC • MC CURVE CUTS MR CURVE FROM BOTTOM
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
I HAVE TWO MARKETS, WHICH ARE FAR APART, HAVE DIFFERENT ELASTICITIES, WHAT SHOULD I DO? • I can go for price discrimination.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
In which market, do we have non price competition? • Monopolistic competition
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
When will there be equilibrium? Price
Demand
supply
5
1000
130
7
400
400
9
100
1000
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Solution . • Equilibrium is at price 7 answer.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
What is your economic cost: • Labour cost : Rs. 50000 • Raw material cost : 100000 • You have invested your 400000 in the business, which could have given you 10% return easily • If you had worked elsewhere, you could have earned Rs. 4 Lakhs per annum. www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Solution .. • (50000 + 100000+ 40000+ 400000) • = 5,90,000 answer.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
What is the market structure of telecom industry in India, which following structure: • • • • • • •
Airtel : 34% Reliance :18% Vodafone : 18% BSNL : 10% Others: Remaining SOLUTION: Oligopoly
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Which industries are reserved for public sector ? • Atomic energy • Rail transport • Substances related to atomic energy
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Which of the following is false? 1. Bank rate has reduced over last one decade 2. CRR and SLR have reduced over last decade 3. PLR is set by RBI 4. 74% FDI is permitted in Banking sector. SOLUTION; 3. PLR (prime lending rate) is now set by banks www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Which of these is false? 1. Tax rate on domestic companies have been reduced. 2. Tax rate on foreign companies have been reduced. 3. TDS certificates will also be dematerialised 4. There is one by 6 scheme, for filling income tax returns 5. Excise duties are rationalised. • SOLUTION: • 4. The scheme has be removed. www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Why is there fiscal mismanagement in India? 1. Subsidies 2. Huge government structure 3. Changing plan schemes 4. Privatisation 5. Downsizing 6. Administrative reforms SOLUTION: 1,2,3 www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Which is true? 1. 2. 3. 4.
Companies are shy in restructuring. Companies are laggards in brand building States have also implemented fiscal reforms We have to scrap outdated laws and reform the laws 5. We have to amend labour laws SOLUTION 4,5 ANSWER www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
WHICH OF THESE WAS ONCE A PUBLIC SECTOR COMPANY? 1. HINDALCO 2. VSNL 3. HINDUSTAN ZINC 4. CMC 5. MODERN DAIRIES 6. MODERN FOOD 7. IPCL 8. MARUTI SOLUTION: 2,3,4,6,7,8 www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Full forms of ? • ADR,GDR,WTO,TRIPs, EMR, APM,FI,FII,PTA,MTA,GATT,IDA,MIGA,ICSID,IFC,IBRD , • SOLUTION; American Depository Receipt, Global Depository Receipts, World Trade Organisation, Trade Related Intellectual Property Rights, Exclusive Marketing Rights, Administered Price Mechanism, Financial Institution, Foreign Institutitonal investor, Plurilateral Trade Agreements, Multilateral Trade Agreements, General Agreement on trade and tariffs, International development association, Multilateral investment guarantee agency, International Centre for Settlement of Investment Disputes, International Finance corporaton, International bank for Reconstruction and Development. www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
What is the other name of world bank? • IBRD
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Full forms of : • FIEO,CENVAT,FRBMA,LPG,EPCG? • Solution: • Federation of Indian Export organisations, Cental Value Added Tax, Fiscal Responsibility and Budget Management Act, Liberalisation, privatisation and globalisation, Export Promotion Capital goods. www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
ABOUT AFTERSCHO☺OL Afterschoool conducts three year integrated PGPSE (after class 12th along with IAS / CA / CS) and 18 month PGPSE (Post Graduate Programme in Social Entrepreneurship) along with preparation for CS / CFP / CFA /CMA / FRM. This course is also available online also. It also conducts workshops on social entrepreneurship in schools and colleges all over India – start social entrepreneurship club in your institution today with the help from afterschoool and help us in developing society.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Why such a programme? • To promote people to take up entrepreneurship and help develop the society • To enable people to take up franchising and other such options to start a business / social development project • To enable people to take up social development as their mission • To enable people to promote spirituality and positive thinking in the world www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Who are our supporters? • Afterschoolians, our past beneficiaries, entrepreneurs and social entrepreneurs are supporting us. • You can also support us – not necessarily by money – but by being promotor of our concept and our ideas.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
About AFTERSCHO☺OL PGPSE – the best programme for developing great entrepreneurs • • • • •
Most flexible, adaptive but rigorous programme Available in distance learning mode Case study focused- latest cases Industry oriented practical curriculum Designed to make you entrepreneurs – not just an employee • Option to take up part time job – so earn while you learn • The only absolutely free course on internet www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Workshops from AFTERSCHO☺OL • • • • • • • • •
IIF, Delhi CIPS, Jaipur ICSI Hyderabad Branch Gyan Vihar, Jaipur Apex Institute of Management, Jaipur Aravali Institute of Management, Jodhpur Xavier Institute of Management, Bhubaneshwar Pacific Institute, Udaipur Engineering College, Hyderabad
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Flexible Specialisations: • • • • • • • • • •
Spiritualising business and society Rural development and transformation HRD and Education, Social Development NGO and voluntary work Investment analysis,microfinance and inclusion Retail sector, BPO, KPO Accounting & Information system (with CA / CS /CMA) Hospital management and Health care Hospitality sector and culture and heritage Other sectors of high growth, high technology and social relevance
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Salient features: • The only programme of its kind (in the whole world) • No publicity and low profile course • For those who want to achieve success in life – not just a degree • Flexible – you may stay for a month and continue the rest of the education by distance mode. / you may attend weekend classes • Scholarships for those from poor economic background • Latest and constantly changing curriculum – keeping pace with the time • Placement for those who are interested • Admissions open throughout the year • Latest and most advanced technologies, books and study material www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Components • • • • • • • • • • • • • •
Pedagogy curriculum and approach based on IIM Ahmedabad and ISB Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad) Meditation, spiritualisation, and self development Essential softwares for business Business plan, Research projects Participation in conferences / seminars Workshops on leadership, team building etc. Written submissions of research projects/articles / papers Interview of entrepreneurs, writing biographies of entrepreneurs Editing of journals / newsletters Consultancy / research projects Assignments, communication skill workshops Participation in conferences and seminars Group discussions, mock interviews, self development diaryng Mind Power Training & writing workshop (by Dr. T.K.Jain)
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Pedagogy • • • • • • • • •
Case analysis, Articles from Harvard Business Review Quiz, seminars, workshops, games, Visits to entrepreneurs and industrial visits Presentations, Latest audio-visuals Group discussions and group projects Periodic self assessment Mentoring and counselling Study exchange programme (with institutions out of India) • Rural development / Social welfare projects www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Branches • AFTERSCHO☺OL will shortly open its branches in important cities in India including Delhi, Kota, Mumbai, Gurgaon and other important cities. Afterschooolians will be responsible for managing and developing these branches – and for promoting social entrepreneurs.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Case Studies • We want to write case studies on social entrepreneurs, first generation entrepreneurs, ethical entrepreneurs. Please help us in this process. Help us to be in touch with entrepreneurs, so that we may develop entrepreneurs.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Basic values at AFTERSCHO☺OL • • • • • •
Share to learn more Interact to develop yourself Fear is your worst enemy Make mistakes to learn Study & discuss in a group Criticism is the healthy route to mutual support and help • Ask fundamental questions : why, when, how & where? • Embrace change – and compete with yourself only www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
www.afterschoool.tk social entrepreneurship for better society
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
BUSINESS ECONOMICS Dr. T.K. Jain.
AFTERSCHO☺OL Centre for social entrepreneurship Bikaner M: 9414430763 [email protected] www.afterschool.tk, www.afterschoool.tk www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
IN WHICH MARKET THERE ARE NO ENTRY OR EXIT BARRIERS? • Perfect Competition
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
In which market, there are homogenous products? • Perfect market
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
In which market, you cannot decide price? • Perfect market
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
In which market, there are infinite number buyers and sellers? • Perfect market
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
The MC curve in perfect market reflects one more curve, what is that? • Supply curve
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
If I sell 100 items for Rs. 40 each, and 101st at Rs. 30, what is MR and AR at 101st item sale? • MR = 30 • AR = TOTAL REVENUE / TOTAL UNITS • =(40*100 + 30) / 101 = 39.9 answer.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
My AR is 24, MR=20, AC = 19, MC = 17. Total production = 120 units. What is my profit? Should I produce more? • • • •
Profit = (AR – AC ) * no. of units =(24 – 19 ) * 120 =600 answer. Yes we should produce more, till MR = MC.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
My TR = 23000, MC = 21, AC = 22, No. of Units are 1000. The firm is in equilibrium. What is profit, MR, AR? • Profit = TR – TC =23000- 22000 = 1000 • Or (AR – AC) * 1000 = (23 -22)*1000 = 1000 • AR = Total Revenue / No. of units • =23000/1000 = 23 • MR is 21 (MR = MC, because the firm is in equilibrium). AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS www.afterschoool.tk
What is my AR, MR & TR, if my profit is 2500, Total cost is 10000, AC is 100. the cost of last item produced was 95. The firm is in equilibrium. • No. of units produced = TC / AC = 10000/100 = 100 • TR = TC + profit = 10000+2500 = 12500 • AR = TR / No. of units = 12500/100 = 125 • MR = MC, so MR = 95 answer. www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
What is the equilibrium of the industry? • When all the firms are earning normal profit and there is no entry and exit, it is equilibrium of the industry
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
What is the equilibrium of the firm in the long run? • LMC=MR=LAC= LOWEST SMC
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
WHAT IS EQUILIBRIUM OF THE MONOPOLIST? • MR = MC • MC CURVE CUTS MR CURVE FROM BOTTOM
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
I HAVE TWO MARKETS, WHICH ARE FAR APART, HAVE DIFFERENT ELASTICITIES, WHAT SHOULD I DO? • I can go for price discrimination.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
In which market, do we have non price competition? • Monopolistic competition
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
When will there be equilibrium? Price
Demand
supply
5
1000
130
7
400
400
9
100
1000
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Solution . • Equilibrium is at price 7 answer.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
What is your economic cost: • Labour cost : Rs. 50000 • Raw material cost : 100000 • You have invested your 400000 in the business, which could have given you 10% return easily • If you had worked elsewhere, you could have earned Rs. 4 Lakhs per annum. www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Solution .. • (50000 + 100000+ 40000+ 400000) • = 5,90,000 answer.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
What is the market structure of telecom industry in India, which following structure: • • • • • • •
Airtel : 34% Reliance :18% Vodafone : 18% BSNL : 10% Others: Remaining SOLUTION: Oligopoly
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Which industries are reserved for public sector ? • Atomic energy • Rail transport • Substances related to atomic energy
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Which of the following is false? 1. Bank rate has reduced over last one decade 2. CRR and SLR have reduced over last decade 3. PLR is set by RBI 4. 74% FDI is permitted in Banking sector. SOLUTION; 3. PLR (prime lending rate) is now set by banks www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Which of these is false? 1. Tax rate on domestic companies have been reduced. 2. Tax rate on foreign companies have been reduced. 3. TDS certificates will also be dematerialised 4. There is one by 6 scheme, for filling income tax returns 5. Excise duties are rationalised. • SOLUTION: • 4. The scheme has be removed. www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Why is there fiscal mismanagement in India? 1. Subsidies 2. Huge government structure 3. Changing plan schemes 4. Privatisation 5. Downsizing 6. Administrative reforms SOLUTION: 1,2,3 www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Which is true? 1. 2. 3. 4.
Companies are shy in restructuring. Companies are laggards in brand building States have also implemented fiscal reforms We have to scrap outdated laws and reform the laws 5. We have to amend labour laws SOLUTION 4,5 ANSWER www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
WHICH OF THESE WAS ONCE A PUBLIC SECTOR COMPANY? 1. HINDALCO 2. VSNL 3. HINDUSTAN ZINC 4. CMC 5. MODERN DAIRIES 6. MODERN FOOD 7. IPCL 8. MARUTI SOLUTION: 2,3,4,6,7,8 www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Full forms of ? • ADR,GDR,WTO,TRIPs, EMR, APM,FI,FII,PTA,MTA,GATT,IDA,MIGA,ICSID,IFC,IBRD , • SOLUTION; American Depository Receipt, Global Depository Receipts, World Trade Organisation, Trade Related Intellectual Property Rights, Exclusive Marketing Rights, Administered Price Mechanism, Financial Institution, Foreign Institutitonal investor, Plurilateral Trade Agreements, Multilateral Trade Agreements, General Agreement on trade and tariffs, International development association, Multilateral investment guarantee agency, International Centre for Settlement of Investment Disputes, International Finance corporaton, International bank for Reconstruction and Development. www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
What is the other name of world bank? • IBRD
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Full forms of : • FIEO,CENVAT,FRBMA,LPG,EPCG? • Solution: • Federation of Indian Export organisations, Cental Value Added Tax, Fiscal Responsibility and Budget Management Act, Liberalisation, privatisation and globalisation, Export Promotion Capital goods. www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
ABOUT AFTERSCHO☺OL Afterschoool conducts three year integrated PGPSE (after class 12th along with IAS / CA / CS) and 18 month PGPSE (Post Graduate Programme in Social Entrepreneurship) along with preparation for CS / CFP / CFA /CMA / FRM. This course is also available online also. It also conducts workshops on social entrepreneurship in schools and colleges all over India – start social entrepreneurship club in your institution today with the help from afterschoool and help us in developing society.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Why such a programme? • To promote people to take up entrepreneurship and help develop the society • To enable people to take up franchising and other such options to start a business / social development project • To enable people to take up social development as their mission • To enable people to promote spirituality and positive thinking in the world www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Who are our supporters? • Afterschoolians, our past beneficiaries, entrepreneurs and social entrepreneurs are supporting us. • You can also support us – not necessarily by money – but by being promotor of our concept and our ideas.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
About AFTERSCHO☺OL PGPSE – the best programme for developing great entrepreneurs • • • • •
Most flexible, adaptive but rigorous programme Available in distance learning mode Case study focused- latest cases Industry oriented practical curriculum Designed to make you entrepreneurs – not just an employee • Option to take up part time job – so earn while you learn • The only absolutely free course on internet www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Workshops from AFTERSCHO☺OL • • • • • • • • •
IIF, Delhi CIPS, Jaipur ICSI Hyderabad Branch Gyan Vihar, Jaipur Apex Institute of Management, Jaipur Aravali Institute of Management, Jodhpur Xavier Institute of Management, Bhubaneshwar Pacific Institute, Udaipur Engineering College, Hyderabad
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Flexible Specialisations: • • • • • • • • • •
Spiritualising business and society Rural development and transformation HRD and Education, Social Development NGO and voluntary work Investment analysis,microfinance and inclusion Retail sector, BPO, KPO Accounting & Information system (with CA / CS /CMA) Hospital management and Health care Hospitality sector and culture and heritage Other sectors of high growth, high technology and social relevance
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Salient features: • The only programme of its kind (in the whole world) • No publicity and low profile course • For those who want to achieve success in life – not just a degree • Flexible – you may stay for a month and continue the rest of the education by distance mode. / you may attend weekend classes • Scholarships for those from poor economic background • Latest and constantly changing curriculum – keeping pace with the time • Placement for those who are interested • Admissions open throughout the year • Latest and most advanced technologies, books and study material www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Components • • • • • • • • • • • • • •
Pedagogy curriculum and approach based on IIM Ahmedabad and ISB Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad) Meditation, spiritualisation, and self development Essential softwares for business Business plan, Research projects Participation in conferences / seminars Workshops on leadership, team building etc. Written submissions of research projects/articles / papers Interview of entrepreneurs, writing biographies of entrepreneurs Editing of journals / newsletters Consultancy / research projects Assignments, communication skill workshops Participation in conferences and seminars Group discussions, mock interviews, self development diaryng Mind Power Training & writing workshop (by Dr. T.K.Jain)
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Pedagogy • • • • • • • • •
Case analysis, Articles from Harvard Business Review Quiz, seminars, workshops, games, Visits to entrepreneurs and industrial visits Presentations, Latest audio-visuals Group discussions and group projects Periodic self assessment Mentoring and counselling Study exchange programme (with institutions out of India) • Rural development / Social welfare projects www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Branches • AFTERSCHO☺OL will shortly open its branches in important cities in India including Delhi, Kota, Mumbai, Gurgaon and other important cities. Afterschooolians will be responsible for managing and developing these branches – and for promoting social entrepreneurs.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Case Studies • We want to write case studies on social entrepreneurs, first generation entrepreneurs, ethical entrepreneurs. Please help us in this process. Help us to be in touch with entrepreneurs, so that we may develop entrepreneurs.
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Basic values at AFTERSCHO☺OL • • • • • •
Share to learn more Interact to develop yourself Fear is your worst enemy Make mistakes to learn Study & discuss in a group Criticism is the healthy route to mutual support and help • Ask fundamental questions : why, when, how & where? • Embrace change – and compete with yourself only www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
www.afterschoool.tk social entrepreneurship for better society
www.afterschoool.tk
AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
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