As in Snapshots from Hell (from where I've borrowed the title of this blog), IIM A has started a non-credit, pass-fail course on Ethics.
Now 'ethics' isn't something that can or SHOULD be taught, not in the least to B-school students.
The result has been very interesting...lectures on diverse topics by the same profs who teach other more b-school subjects, discussions on these topics with profs by those who find something interesting and an infinite scope for ACP (arbit CP in WIMWI lingo).
Shows how well-read and well-informed the profs are, how much thought they have given to not just their own subjects but the world at large. Puts into perspective the 'general awareness' efforts post CAT results. I am not sure I have the capacity to think about one subject so much and these people have informed views on almost anything under the sun.
I don't think having this course makes anyone more ethical, it just lets you know there is a whole world out there for you to think about.
I'll end with the quote from Snapshots from Hell:
"So, anyway, in this ethics unit I take a few philosophers and in- what is it?- eight classes, I go over three basic ways of making value judgments. That's it. After that you all go off to Wall Street. It's like giving an intellectual life to baby wolverines."