<p>In turn, it could help the school to put students back in class with practically no force.<br />Under the cap-and-trade method, a monitoring agency sets a cap or an upper limit for pollution and firms that subscribe to it will be allowed credits or individual limits. The firms could save up the credits and trade them with other companies who are in need of more.<br /> The Kyoto Protocol that came into force in 2005 has approved the system, also known as Emissions Trading. Taking a cue from this, the Nitte-based Justice K S Hegde Institute of Management in Dakshina Kannada district has introduced a derivative of the cap and trade among its students to curb absenteeism in class. Called Leave Trading System (LTS), it allots a student 20 leave trading coupons against which he/she can take leave for a maximum of four days (of five hours each) in a semester.<br /><br />Students are required to submit a coupon for each hour they miss. And if they save up leave, they could trade their coupons with those who need hours off at a price set by factors of demand and supply. Increase in absenteeism increases the demand for coupons, hiking its price. The trading will be done at an auction to be held in class whenever the need arises.<br /><br />The system provides management students with practical knowledge on trading and pricing of assets in the market and improves attendance on a self regulatory basis, says Prof Radhakrishna Sharma, the man behind the idea. “Now they learn with fun. Because of numerous benefits of the LTS, there will be a dramatic improvement in the performance of students,” he says. <br /><br />The system has, to some extent, relieved faculty members of attendance concerns in class. According to Institute Director M S Moodithaya, LTS is also the best way to make students voluntarily attend classes, and thus create an atmosphere of active learning.<br />The LTS seems to have got on well with the students, too. “These days we take leave only for genuine reasons and the system is quite interesting,” says Aishwarya, a finance student. The only hope is the LTS does not invite the bitter criticism that some global entities are showering on its original model, the cap and trade.</p>
<p>In turn, it could help the school to put students back in class with practically no force.<br />Under the cap-and-trade method, a monitoring agency sets a cap or an upper limit for pollution and firms that subscribe to it will be allowed credits or individual limits. The firms could save up the credits and trade them with other companies who are in need of more.<br /> The Kyoto Protocol that came into force in 2005 has approved the system, also known as Emissions Trading. Taking a cue from this, the Nitte-based Justice K S Hegde Institute of Management in Dakshina Kannada district has introduced a derivative of the cap and trade among its students to curb absenteeism in class. Called Leave Trading System (LTS), it allots a student 20 leave trading coupons against which he/she can take leave for a maximum of four days (of five hours each) in a semester.<br /><br />Students are required to submit a coupon for each hour they miss. And if they save up leave, they could trade their coupons with those who need hours off at a price set by factors of demand and supply. Increase in absenteeism increases the demand for coupons, hiking its price. The trading will be done at an auction to be held in class whenever the need arises.<br /><br />The system provides management students with practical knowledge on trading and pricing of assets in the market and improves attendance on a self regulatory basis, says Prof Radhakrishna Sharma, the man behind the idea. “Now they learn with fun. Because of numerous benefits of the LTS, there will be a dramatic improvement in the performance of students,” he says. <br /><br />The system has, to some extent, relieved faculty members of attendance concerns in class. According to Institute Director M S Moodithaya, LTS is also the best way to make students voluntarily attend classes, and thus create an atmosphere of active learning.<br />The LTS seems to have got on well with the students, too. “These days we take leave only for genuine reasons and the system is quite interesting,” says Aishwarya, a finance student. The only hope is the LTS does not invite the bitter criticism that some global entities are showering on its original model, the cap and trade.</p>
