Working Paper IIMK/WPS/342/ECO/2019/18 JUNE 2019 How effective is Theory Based Learning of Ethics in India? Kausik Gangopadhyay 1 Remya Tressa Jacob 2 Reddy Sai Shiva Jayanth 3 1 Associate Professor, Economics, Indian Institute of Management, Kozhikode, IIMK Campus PO, Kunnamangalam, Kozhikode, Kerala 673570, India; Email: srn@iimk.ac.in, Phone Number (+91) 495 – 2809124 2 Doctoral Student, Economics, Indian Institute of Management, Kozhikode, IIMK Campus PO, Kunnamangalam, Kozhikode, Kerala 673570, India - 673 571. 3 Doctoral Student, Economics, Indian Institute of Management, Kozhikode, IIMK Campus PO, Kunnamangalam, Kozhikode, Kerala 673570, India - 673 571.