Facts of Economics Curriculum and Teaching Method

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/ by/4.0) ABSTRACT Education is designed to produce existing knowledge in new minds and to make these minds more receptive and more capable of absorbing transforming, creating and using knowledge. However, the ability to understand is a scarce good but can be expanded by suitable training. There is a scheme of plugging the knowledge-gap in economics for university and college teachers better known as Refresher Course, fully funded by University Grants Commission. Every year almost twenty universities are assigned the work of refreshing the teachers in the courses of economics. Every teacher has to attend minimum four such refreshers. However, it is intrigue to note that content of refreshers courses in economics bypass the principles and emphasises topics on general economics. The obvious results of this strategy are no significant improvement in the knowledge of teachers in economics. It is to be noted that diffusion of knowledge can be accomplished through several roots. However, knowledge cannot be absorbed unless some knowledge is already possessed. Finally as our stock of knowledge expands it becomes necessary to communicate properly this knowledge. Unless there is improved efficiency in teaching, it may become increasingly difficult to free resources for the discovery of new knowledge.