Mangaluru, March 05,2020: Mangalore University will set up a business laboratory on its Mangalagangotri campus this May to create an “experiential learning” atmosphere to its commerce, business administration and travel and tourism management students, according to Vice-Chancellor P.S. Yadapadithaya.
Speaking after inaugurating a two-day conference on ‘Emerging business trends’ organised by the Department of Studies in Commerce at the university on Wednesday, he said the laboratory will cost between Rs. 15 lakh and Rs. 20 lakh. It will be ready either in the first or second week of May.
The university has formed a committee of experts to submit a report on setting up the laboratory. It will submit the report by this month-end.
The laboratory will have a prototype or simulator of ATM machine. With this, students can learn its internal functioning. The laboratory will have the facility to watch live the functioning at the stock exchange and have access to live data of the Centre of Monitoring Indian Economy.
It will have compact discs, annual reports, software and other prototypes relating to their domain of learning to have practical experience. It will function like a laboratory for science subjects. The laboratory will be set up to make students to learn by doing.
There will be one hour practical per week for students who will have to maintain a record book. It will be assessed. Group discussions will be conducted in the laboratory based on case studies.
Delivering the keynote address, G. Giridhar Prabhu, chairman of Achal Industries Pvt. Ltd., said that looking at various facets of world economy, it is essential for colleges and universities to impart knowledge on commercial geography to the students. Giving the example of potato cultivation, he said students may be aware of potato cultivation in West Bengal. Now the cultivation is also coming up in a State like Uttar Pradesh. In such a situation, a student should have real-time information on the commodity concerned, he said.