Mid term exams of term3 started today. Financial management II. I could have taken the exams last term and still performed the same way. There was nothing conceptual, all calculations.
NPV (net present value) is the most basic of all financial calculations; and the most intensive. There is supposedly a table which simplifies the calculation, but the professor thought we had enough time. So there we were, doing NPV for 20 years for different rates, by trial and error. Imagine using both hands on calculator
May be we could have casio sponsoring our exams. We can even have commercial breaks ‘You will solve the next question after these messages from our sponsor’. The way papers are being set, that looks a distinct possibility.
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Without meaning to sound judgemental, but Indian students do really excel at computation. However, as you rightly mention, it'd be much better if the knowledge acquired were to be tested by the student's ability to apply it in a real life situation and thus demonstrate real learning.
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