After appearing as question in IIT exams, demonetisation now reaches B-schools

After finding its way into the exam halls of IITs, demonetisation is now featuring in the curriculum of popular business schools such as Faculty of Management Studies, MDI Gurgaon and SP Jain Institute of Management and Research (SPJIMR).

SPJIMR for instance has asked its students to interact with those affected such as customers at ATMs, banks, mom and pop stores, vegetable mandis in order to ascertain the impact of the note ban on people's psyche.

"The idea is to ask students to come up with solutions, which are aligned with the goals of bringing in demonetisation…Students of the global management programme will apply the method of design to understand the problem -- not only the materialistic problem, but the emotional factor as well, which has created this feeling of shock and pressure among people," Lata Dhir, professor for organisational behaviour and leadership, SPJIMR was quoted saying to Hindustan Times.

MDI Gurgaon on the other hand asked its students to do on-the-spot surveys on demonetisation.

"The survey threw mixed reactions with more than 60% of respondents feeling that the move will curb back money in the long run," said Sunil Ashra, professor at MDI.

Delhi-based FMS and Hyderabad-based Indian School of Business also plan to include demonetisation into their curriculum, but did not comment since the course has not been finalised yet.

Demonestisation had reached IIT-Delhi when a humanities professor put up a question on the effect of demonetisation on the suicide rate in India.

The sociology question paper of IIT-Delhi featured a compulsory 10 mark question that asked if suicide rates in India would increase or decrease after the introduction of demonetisation. It also asked the context in which Durkheim's (French philosopher) suicide theory discussed such events and will the demonetisation be different in rural or urban areas or for different classes.