Australian Virtual Masterclass Series Web Seminar Training session report
Session on Transforming career and life lessons from the pandemic – through the lens of Economics
|Conducted by||Australian Virtual Master class Series|
|Host / Resource person of the programme / training session||Host: No Host
Resource Person: Dr. Prashan S. M. Karunaratne , Lecturer , Macquarie Business School
Session on: Transforming career and life lessons from the pandemic – through the lens of Economics
|No. of participants||Participants panel has not been enabled by the host to view the number of participants|
|Members attended from QMIS:||Ms. Parasakthi , Ms. Shandhini , Ms. Kalpana Karthik|
|Time of the Session||11.30 am to 1.00 pm|
|Venue||Cisco Webex Meetings (Video conferencing App)|
|Tools used by the host||Power Point Presentation (Microsoft)|
|Learning Outcome||Due to Pandemic , how the entire economy is getting affected|
|Brief Report about the session||Due to COVID -19 , it is a shock to Global economy . This was viewed through the lens of Economics and concepts related to Economics
Teacher’s adaptability in technology in teaching ; Analysed if it was elastic or inelastic ; Insisted to be elastic to go with the world and employability towards the future world with regard to communication skills, concrete content soft skills and project based work.
The career opportunities would be based upon students’ ability to find and to practise self-analysis and to be tuned with more of project based works at school.
The economic concepts of substitution effect and income effect were used to find people’s consumption upon necessaries and not on luxuries . Offered to browse Macquarie Business school for more free online courses to excel skills business diversification and risk management .
Suggested to develop a mixed portfolio
Present scenario of economies of scale was elaborated by showing different types of unemployment such as frictional unemployment , Structural unemployment and cyclical unemployment .
Advised on professional community engagement and real application in profession
As per the present monetary policy and liquidity trap , more of new modules and ideas for business and incubator programs as per the societal problems are to be brought in
Quoted Fiscal policy as the Government is spending more and collecting its revenue very less.