SFS, GURUKUL MARG, MANSAROVAR, JAIPUR
COURSES OF STUDY
FOR
M.A. / M.Sc. BUSINESS ECONOMICS
I Semester Examination November 2008
II Semester Examination April 2009
III Semester Examination November 2009
IV Semester Examination April 2010
Syllabus applicable for the students seeking admission to the M.A. /M.Sc.
Business Economics in the academic year 2008-09.
MBE 121: Managerial Economics I MBE Semester I
Paper I
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objectives: To make the students understand the application of economic tools and logic
to the business problems and arrive at an optimum solution.
Unit I: Introduction 10 hrs
• Definition, Nature & Scope;
• Basic concepts – Micro & Macro economic analysis, Partial & General
equilibrium analysis, Endogenous & Exogenous variables, Stock & Flow
variables;
• Profit as a business objective;
• Theories of Profit.
Unit II: Demand & its Forecasting 12 hrs
• Law of Demand;
• Demand function - determinants of demand;
• Elasticity of Demand;
• Demand forecasting and its need;
• Techniques of forecasting demands- Survey methods and Statistical methods
Unit III: Analysis of Consumer Behaviour 14 hrs
• Utility – Meaning & Concept of Average, Marginal & Total;
• Cardinal approach-Law of diminishing marginal utility, Law of equi-marginal
utility.
• Ordinal approach- Consumer’s equilibrium; Income, Substitution and Price effect
Unit IV: Pricing Policies & Practices 12 hrs
• Pricing Policies;
• Pricing Methods;
• Price Discounts & Differentials
Unit V: Theory of production 12 hrs
• Production Function – Definition & Types ( Linear Homogenous Production
Function & Cobb Douglas Production Function );
• Producer’s Equilibrium;
• Laws of production- Law of variable proportions and Laws of returns to scale
Suggested Readings
Managerial Economics G.S Singh, Tata Mcgrawl Hill
Business Managerial Economics Sampat Mukherjee New Central Book agency (P)
limited
Managerial Economics R.L Varshney K.L Maheshwari, S Chand and sons
Managerial economics D N Dwivedi, Vikas publishing House
Managerial economics Keat, Pearl G Philips K Y young, Prenticse hall
Micro economics H L Ahuja, S Chand and company
MBE 122: Statistical Methods MBE Semester I
Paper II
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objectives:
• To understand the role of statistics in economics.
• To apply statistical techniques to research data for analyzing and interpreting data
carefully.
Unit I 12hrs Measure of Central tendency and dispersion
Statistics- Meaning, Importance, Limitations, Classifications and Tabulation of data,
discrete and continous variables. Frequency Distributions and Cumulative frequency
distribution. Graphical presentation of data- Histogram, Frequency Polygon, Frequency
curve and ogives
Measure of Central Tendency- Mean, Median, Mode, Geometric mean and Harmonic
Mean their properties, merits and demerits.
Measure of Dispersion- Range, Quartile Deviation, Mean Deviation and standard
deviation, coffecient of variation. Moments, Skewness and Kurtosis (their absolute and
relative measures)
Unit II 12 hrs Correlation and Regression Analysis Correlation Analysis- Definition and concept, types and measures of studying correlation
(Karl Pearson’s coefficient of correlation, its assumptions, properties, merits and
demerits, Spearman’s Rank correlation coefficient)
Regression Analysis- Definition, concept, uses and properties. Least Square Methods,
Regression Coefficients, Fitting of Regression lines.
Unit III 14 hrs Probability distributions and Sampling distribution
The formal and empirical concept of Probability. Idea of Binomial distribution, Poisson Distribution. Properties of Normal Probability Curve and its applications. Sampling Distribution and Standard Error. Element of Testing a Statistical Hypothesis- Formulation of the problem, Types of errors . Level of significance.
Unit IV 12 hrs Testing of Hypothesis Large sample test for signal proportion and difference in two proportions, single mean and difference in two means. Small sample test- Application of Student’s t- test for small sample for single mean, difference in two means ( independent and paired-t). Chi-square test for population variance, Chi-Square Test ( as goodness of fit, independence of attributes using 2x2 and rxc contingency tables).
Unit V 10 hrs Economic Statistic
Index Numbers-Meaning and uses of index numbers, problem in the construction of
index numbers, price relatives, quantity and value relatives. Fixed base and chain base
index numbers, use of averages. Weighted and unweighted index numbers- Laspeyers,
Paasches, Fishers ideal index number. Test for index numbers: Factor and Time Reversal
Test, Consumer Price index, its construction and whole price index.
Time Series Analysis- Definition and its different components, additive and
multiplicative models. Different methods of determining trend, their merits and demerits
Suggested Readings :
1. Gupta, S.P.: Statistical Methods, Sultan Chand and Company, New Delhi.
2. Gupta, S.C. and Kapoor V.K.: Fundamental of Mathematical Statistics, Sultan
Chand and Company, New Delhi
3. Simpson and Kafka: Basic Statistics, Oxford and IBH Publishers.
4. Goon, Gupta and Das: Fundamentals of Statistics Vol. I and II.
5. Snedecor and Cochran: Statistical Methods, Oxford and IBH Publishers.
6. Shukla,M.C. and Gulshan S.S.: Statistics Theory and Practice, Sultan Chand and
Company, New Delhi.
MBE 123: Retail Management MBE Semester I
Paper III
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objectives: The purpose of paper is to provide knowledge to students about retail
management.
Unit I Introduction to Retail Management 9 Lectures
Retailing: Meaning, Retail format, types of retailers (store, non-store
retailing), Indian retailing scenario, Functions performed by retailers,
Retail management decision process.
Unit II Retail Consumer behavior and communication mix 10 Lectures
Types of buying decisions, Retail buying process, Factors influencing
retail buying decisions.
Retail market segmentation: Meaning, importance, bases of segmentation.
Retail communication mix: Meaning, methods, Retail communication
process.
Unit III Retailing strategy 15 Lectures
Definition, strategic retail planning process
Financial strategy: Strategic profit model
Location & site analysis: Types of retail locations, factors affecting
Trade area demand, factors affecting attractiveness of a site.
Methods of estimating demand of a new store (Analog approach,
Regression analysis, Huff’s gravity model)
Managing Human resource in retail: Retail organization structures,
Motivating retail employees.
Unit IV Retail operations 15 Lectures
Supply chain management: Meaning, process, importance, retail logistics.
CRM: Meaning, Importance, CRM process (customer data collection, data
analysis, target customer identification, Development of CRM program
implementation)
Merchandize management: Meaning of merchandize, Sales forecasting,
Assortment planning process.
Retail Pricing: Pricing strategies (EDLP, HLP), Price adjustments (Mark
downs, coupons, Rebates, Price brandling, multiple-unit pricing, variable
pricing, online pricing)
Unit V Store management 11 Lectures
Functional areas of store management: Managing store employees,
Controlling costs, Merchandising management, Providing customer
service.
Layout and Visual merchandising: Types of store layout designs,
planograms, Merchandise presentation techniques, Retail atmospherics.
Customer service: Importance, SERVQUAL GAPS MODEL.
Essential Readings:
1. Levy, Michael and Weitz, Barton A., Retailing Management, Tata McGraw-Hill
Publishing Company Ltd., New Delhi, 2003
2. Vedamani, Gibson G., Retail Management, Jaico Publishing House, Mumbai
3. Pradhan, Swapna, Retailing Management: Text and Cases, Tata McGraw-Hill
Publishing Company, New Delhi, 2nd
ed.
Reference books:
1. Dunne & Lusch, Retailing, South-Western Educational Publishing, 2004, 5th
Edition
2. Retail Management, ICFAI Centre for Management Research, Hyderabad, May,
2003.
MBE 124: Fundamentals of Information Technology
MBE Semester I
Paper IV
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objective : To make students familiar with general purpose office automation tools
Unit I: [No. of Hrs: 11] MS-Windows: Introduction, features (Desktop & its components, the window, the application window (various bars), the document window, the dialog window, the icons), Installing windows, new printer, modem, mouse & new fonts. Exploring the Windows:
Windows explorer, Control panel, Setting wallpaper, screen saver, background.
Managing Files & Folders:
Creating a folder, Scandisk, Checking & Formatting disk space, Compressing/ Zipping
files (WinZip), Virus & Antivirus.
Unit
II:
[ [ [ [No. of Hrs: 15] 15] 15] 15]
Introduction to Word processing: Features of Word processors, Getting started with MS-
Word, Working with word documents, Quitting word, Shortcut keys.
Formatting documents: Selecting text, Formatting characters, Changing cases, Paragraph
formatting, Indents, Drop Cap, Using format painter, Page formatting, Header & footer,
Bullets & numbering, Tabs, Forming tables.
Editing text: Finding & replacing text, Go To (5) command, Proofing text (Spell check, Auto correct), Reversing actions, Macros, Inserting pictures, Hyperlinks, Mail merging, Printing, Getting Help.
Unit III: [[[[ No. of Hrs: 15 ] 15 ] 15 ] 15 ]
Excel Basics: Introduction, spreadsheet, workbooks, saving a file, opening an existing
worksheet, Rows and columns, cell entries (numbers, labels, formulas), spell check, find
and replace, Adding and deleting rows and columns
Various Tools & Functions: Filling series, fill with drag, data sort, Formatting worksheet,
Functions and its parts
Some useful Functions in excel (SUM, AVERAGE, COUNT, MAX, MIN, IF),
What-if analysis, cell referencing (Relative, Absolute, Mixed)
Renaming sheet, Printing worksheet
Charts in Excel: Introduction to charts, types of charts, creation of chart from adjacent
data/ nonadjacent data, printing a worksheet and chart.
Unit IV: [ [ [ [No. of Hrs: 08]
PowerPoint Basics: Introduction, Use of power point, starting power point, Presentation
tips, components of slide, power point templates and wizards, using template, choosing
an auto layout, using outlines, adding subheadings, editing text, formatting text, using
master slide
Tools in Powerpoint:Creating presentation using blank presentation, adding slides,
changing colour scheme, changing background and shading, adding header and footer,
adding clip arts and autoshapes, components used for reference
Advanced Tools:Various Power point views, Working in slide sorter view (deleting,
duplicating, rearranging slides), adding transition and animations to slide show, inserting
music or sound on a slide, Inserting action buttons or hyperlinks for a presentation, set
and rehearse slide timings, viewing slide show ,Printing slides.
Unit V: [ [ [ [ No. of Hrs: 11 ] ] ] ]
Computer and networks ,Need for networking, components of network, modem, types of
networks (LAN, MAN, WAN), Introduction to internet, Uses of internet, Website, Web
browsers, E-mail, Sending Email, Attaching files with E-mail.
Introduction to E-Commerce: The Scope of Electronic Commerce, Definition of Electronic Commerce, Electronic Commerce and the Trade Cycle, Electronic Markets, Internet Commerce, E-Commerce in Perspective. Models of E-Commerce. EDI basics, Electronic Payment Systems: Secure online Transaction models, e-cash,
smart cards, credit and charge cards, e-wallet.
Suggested Readings:
1. Elementary Computer Application : Dr. Leena Bhatia & Dr. Bindu Jain.
2. Elementary Computer Application : Shubhi Lall.
3. Frontiers of Electronic Commmerce-Ravi Kalakota
4. Mastering DOS – Robbins
5. Mastering Windows 98 – Robert & Cowart
6. Mastering Word 2000 – Mansfield & Olsen
7. Mastering Excel 2000 – Martin, Hansen, Klingher & Beth
8. Mastering Power Point 2000 – Murray
9. Mastering Access 2000 – Simpson Alan, Robinson, & Celeste.
MBE 125: Entrepreneurship MBE Semester I
Paper V
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objective: to acquaint the students with the basic skills of business entrepreneurship.
UNIT-I 12 hrs
• Meaning and nature of entrepreneurship
• Importance and benefits of entrepreneurship
• Origin and development of entrepreneurship in India
• Problems of entrepreneurship
UNIT-II 12 hrs
• Social responsibility of entrepreneurship
• Corporate social responsibility
• Business Ethics
UNIT – III 12 hrs
• Entrepreneurship and Socio-economic development
• Classification of entrepreneurs
• Development of women entrepreneurs
UNIT-IV 12 hrs
• Entrepreneurship Development Programmes
• Government encouragement (Central & State Government measures)
UNIT-V 12 hrs
• Licensing and Regulation of industry
• Infrastructure facility
• Project report and Feasibility plan
Suggested Readings: • Desai, Vasant, Dynamics of Entrepreneurial Development and Management, Himalaya Publishing
House, Delhi
• Aswathapa: Entrepreneurship
• Sundaram, M., Entrepreneurship Development: Action and Achievement, Vol. 3,
• Dash, C.R. and Moharana, S., Entrepreneurship Development
MBE 126: Seminar
MBE Semester I
Paper VI
Duration: 30 hrs
Contact hours per week: 2
Credits: 2
Objective : To create awareness regarding current trends, issues and research as related
to various aspects of business economics.
Students will be assigned a topic in the beginning of the semester. They will be required
to prepare and submit a project report on the same. A panel of external examiners will
evaluate the same.
MBE 221: Managerial Economics II MBE Semester II
Paper I
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objective: To make the students understand the application of economic tools and logic
to the business problems and arrive at an optimum solution.
Unit I: Concepts of Cost and Break-even analysis 12 hrs
• Concepts of costs;
• Concepts of Revenue – relationship between elasticity, AR & MR;
• Equilibrium of the firm : TR – TC Approach & MR – MC Approach;
• Break even analysis
Unit II: Market Structure and Pricing Theory I 12 hrs
• Market morphology
• Equilibrium under perfect competition
• Price determination under monopoly
• Monopolistic Discrimination & Degree of Monopoly power
Unit III: Market structure and Pricing Theory II 12hrs
• Price determination under monopolistic completion
• Price determination under oligopoly: Non – Collusive Oligopoly ( Chamberlin
Model, Kinked Demand Model), Collusive Oligopoly ( Cartels & Price
Leaderships).
Unit IV: Capital Budgeting 12 hrs • Pre-requisites of capital budgeting;
• Investment criteria and decisions;
• Sources of long term & short term capital.
Unit V: Techniques of Capital budgeting 12 hrs
• Pay Back Period;
• Adjusted rate of Return;
• Internal Rate of Return.
Suggested Readings
Managerial Economics G.S Singh, Tata Mcgrawl Hill
Business Managerial Economics Sampat Mukherjee NewCentral Book agency (P)
limited
Managerial Economics R.L Varshney K.L Maheshwari, S Chand and sons
Managerial economics D N Dwivedi, Vikas publishing House
Managerial economics Keat, Pearl G Philips K Y Young, Prenticse hall
Micro economics H L Ahuja, S Chand and company
MBE 222: Consumer Behaviour MBE Semester II
Paper II
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objective Paper has been designed such that it acquaints the students with fundamentals, working
and products of Foreign Exchange Market in a lucid and friendly manner
Unit Contents Lectures
I CONSUMER BEHAVIOUR: Meaning, Nature,
Dimensions, Importance and Scope, Market
Segmentation of consumers.
12
II THE CONSUMER AS AN INDIVIDUAL:
Motivation-Meaning, Need, Theories of motivation
Personality-meaning, Nature and Scope.
12
III Perception
Learning
Attitudes
12
IV CONSUMERS IN THEIR SOCIAL AND
CULTURAL SETTINGS: Group Dynamics and
Reference
Groups, Family and Social class, Culture and sub-
culture, Cross culture. Prime
Sensitivity Across Cultures
12
V CONSUMER’S DECISION-MAKING PROCESS:
Personal influence and the opinion
leadership process, across nations cultures,
Diffusion of Innovation, Consumer
Decision-making, Consumer Brand Loyalty in
International Markets
12
References: • Assael, Henry, “Consumer Behaviour and Marketing Action”., Kent, Bosten.
• Blattoerg, R.C., and Neslin, S.A., “Sales Promotion Concepts, Methods and
Strategies”, Prentice Hall, New York.
• Engel, J.F. and Blackwell, R.D., “Consumer Behaviour”., Dryden, Chicago.
• Nicosia, Francesco M., “Consumer Decision Processes”., Prentice Hall, EnglewoodCliffs, N.J.
• Schiffman, L.G. and Kanuk, L.L., “Consumer Behaviour”., Prentice Hall of India, New Delhi.
• Setrnthal, B and Craig, C.S., “Consumer Behavour: An Information Processing Prespective”.,
Prentice Hall, Englewood Cliffs, N.J.
MBE 223: Fundamentals of Accounting MBE Semester II
Paper III
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objective- To develop a conceptual understanding of fundamentals of the accounting system and
their application in business
Unit Content No of Lectures
I Basics of Bookkeeping and Accountancy- Definition and its Usefulness,
Financial Accounting Principles, Concepts and Convention. 07
II System of Bookkeeping – Double Entry System, Books of Prime Entry,
Subsidiary books, Recording of Cash and Bank Transaction, Preparation of
Ledger accounts, Preparation of Trial balance
15
III Bank Reconciliation Statement- Need for Reconciliation between
Cashbook and Bank pass book problems relating to the preparation of Bank
Reconciliation statement.
Depreciation Accounting- Straight Line& Diminishing Balance Method,
Computation and accounting treatment of Depreciation, Changes in
Depreciation method.
10
IV Bills of Exchange: Bills Receivable and Bills Payable, Acceptance and
Endorsement, Discounting, Retirement, Dishonour and Renewal of Bills,
Accommodation Bills
Rectification Entries: Classification of Errors, Location of Errors,
Rectification of Errors, Suspense Account, Effect on Profit
10
V Final Accounts: Concept of Capital, Revenue and Deferred Revenue
Expenditure, Opening Entries, Closing Entries, Adjustment Entries,
Manufacturing, Trading and Profit and Loss Account (With Adjustment)
and Balance Sheet.
Preparation of Accounts from Incomplete Records (Single Entry System): Nature of Incomplete Records, Limitations of the Single Entry
System, Ascertainment of Profit or Loss, Difference between Double Entry
System and Single Entry System
Use of Accounting Software Tally-Creation of New Company, Creation of
Ledger Accounts under suitable heads, Voucher Entry, Trial Balance and
Final Accounts
18
Suggested Readings 1. Modern Accountancy-AMukharjee MHanif. Vol I (Tata Mc- Graw-Hill)
2. Fundamentals of Financial Accounting- Dr Ashok Sehgal, Dr Deepak Sehgal (TaxMann’s)
3. Accountancy- PC Tulsian (Tata Mc- Graw-Hill)
4. Accountancy-DK Goel, Rajesh Goel(Arya Publications)
5. Gupta Jain Gupta : Book Keeping and Accountancy(Ramesh Book Depot)
6. An Introduction to Accountancy- S.N Maheshwari(Vikash Publishers)
7. Fundamental of Accounting-Dr T P Ghosh,(Sultan Chand& Sons)
Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more
than 12 digits, 6 functions and 2 memories and should be noiseless and cordless
MBE 224: International Business MBE Semester II
Paper IV
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objective: The purpose of paper is to give students an in-depth knowledge of
International Business Environment with an analysis of strategies adopted by exporters
while positioning their product globally.
Unit Contents Lectures
I Nature of International Business: Introduction, Nature, Drivers of International Business, International Business Vs Domestic Business, International Business Decisions, Types of International Business International Business Environment: Environment
And Its Significance, Economic Environment,
Cultural Environment, Technological Environment,
Political Environment
Globalisation: The Growing Relevance
12
II Market Selection Process: Determinants of
Market Selection, Overseas Market Research
Market Entry Strategies – Exporting, Licensing,
Franchising, Turnkey Contracts, Joint Ventures,
Mergers and Acquisitions, Strategic Alliance,
Counter Trade
Product Planning and Development, Important
Decisions in Product Planning
12
III International Pricing: Exporter’s Cost, Pricing
Objectives, Factors Affecting Pricing, Pricing
Methods, Transfer Pricing, Dumping, Export Price
Structure
12
IV Export Credit and Finance: Importance,
Methods and Sources of Export Credit and
Finance, Pre – Shipment Finance, Post Shipment
Finance
Letter of Credit – Important Features, Mechanics,
Instructions Relating To Credit, Classification of
Letter of Credit – Revocable and Irrevocable,
Confirmed and Unconfirmed, Fixed and Revolving,
Transferable, Back to Back, Red Clause and Green
Clause, Standby Letter of Credit
Advantages of Letter of Credit
13
V Documentation in Foreign Trade: Commercial
Invoice, GR Form, Letter of Credit, Bill of
Exchange, Shipping Bill, Marine Insurance Policy,
Bill of Lading, Mate’s Receipt, Certificate of
Origin, Packing List and Note, Other Documents
11
Suggested Readings
International Marketing Management: Varshney, Bhattacharya (Sultan Chand and Sons)
International Marketing: Rajesh Kothari (RBD, Jaipur)
MBE 225: Operations Research MBE Semester II
Paper V
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objective- The objective of this course is to acquaint the students with the use of operational
research techniques in decision-making
Unit Content No of
Lectures
I Operational Research: Basic Concepts and Definitions
Linear Programming: Mathematical formulation of Linear Programming
problems and their solution using Graphic approach and Simplex method,
Duality Sensitivity analysis.
12
II Transportation: Solving the problem. Testing the optimality MODI method.
Cases of unbalanced problems, Degeneracy, Maximization objective, Multiple
solutions and Prohibited Routes
Assignment: Solving the problem. Cases of unbalanced problems, multiple
optimum solutions, maximization objective and unacceptable assignments
12
III PERT/CPM: Network with one estimate of time. Networks with three
estimates of time. Time-cost trade-off. Probability consideration under Pert
12
IV Game Theory: Games of Pure strategy, Games of Mixed strategy, Law of
Dominance, Sub Game
Queuing Theory: Elements of Queuing theory, Single Channel Queuing
Problem.
12
V Inventory Control and Planning: The technique of Inventory control,
Determination of EOQ, Treatment in case of Quantity Discount
Elements of Decision Theory-Decision models deterministic and stochastic,
Marginal analysis for Risk problems, Decision making under uncertainty.
Maximax, Minimax Regret, Laplace and Hurwicz rules, Decision Tree
Approach
12
Suggested Readings 1. Vohra N.D, Quantitative Techniques in Management, Tata McGraw Hill New Delhi
2. Taha, Hamady A, Operational Research- An Introduction, Prentice Hall of India
3. Operational Research-Prof N.P.Agarwal ( Ramesh Book Depot)
4. Operational Research-Mathur, Khandelwal Gupta,Gupta (Ajmera Book Company)
5. Operational Research-V.K Kapoor (Sultan Chand)
6. Quantitative Methods- N.K Nag (Kalyani Publishers)
7. Qunatitative Techniques for Managerial Decsionos – U.K Srivastava, G.R Shenoy, S.C
Sharma(New Age International)
Note- The candidate shall be permitted to use battery operated pocket calculator that should not
have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless
MBE 226: Seminar MBE Semester II
Paper VI
Duration: 30 hrs
Contact hours per week: 2
Credits: 2
Objective : To create awareness regarding current trends, issues and research as related
to various aspects of business economics.
Students will be assigned a topic in the beginning of the semester. They will be required
to prepare and submit a project report on the same. A panel of external examiners will
evaluate the same.
MBE 321: Public Economics MBE Semester III
Paper I
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objectives:
1. To understand the various aspects of Public Finance
2. To determine the role and objectives of Fiscal Policy.
Unit I: Introduction 10 hrs Nature and Scope of Public Finance;
Comparison of private & public finance
Concept of Private, Public and Merit goods;
Principle of Maximum Social Advantage;
Role of Government in the Economy;
Unit II: Taxation 14 hrs Meaning & Canons of Taxation
Classification of Taxes : Single Vs Multiple Taxes, Proportional Vs Progressive Taxes,
Direct Vs Indirect Taxes;
Justice in taxation : Benefit approach & Ability to pay approach;
Taxable capacity
Effects of Taxation;
Incidence and shifting of commodity taxes under monopoly and perfect competition
Unit III: Public Expenditure 12 hrs Meaning and classification of Public Expenditure.
Causes of Public Expenditure. growth
Canons and effects of Public Expenditure.
Unit IV: Public Debt 12 hrs Sources and Public Borrowing.
Objects of Public Debt
Forms of Public Debt.
Effects of Public Debt.
Methods of debt redemption.
Loan vs Taxes
Unit V: Fiscal Policy & Deficit Financing 12 hrs Fiscal Policy – Meaning, Objectives, instruments,
Role of Fiscal Policy as compensatory and anti-inflationary policy
Limitations of Fiscal Policy
Deficit Financing – Meaning, Role & Effects.
Suggested Readings 1. Tyagi, BP, Public Finance, Latest edition, , Jain Praksash Nath & Company,
Meerut.
2. Bhatia, H. L., Public Finance, Recent Edition, Vikas Publication, New Delhi
3. Andley and Sundaram, Public Finance, Latest edition, Ratan Prakashan, Agra.
4. Mithani, D. M.; (1998), Modern Public Finance, Himalaya Publishing House,
Mumbai..
5. Musgrave, Richard A. (1959), Theory of Public Finane, McGraw Hill,
Kognakhusa, Tokyo.
6. Musgrave, R. A. and P. B. Musgrave, 1980, Public Finance in Theory and
Practice, McGraw Hill, Kogakusha, Tokyo.
7. Dalton, Huge, Principles of Public Finance, 1971, Rontledge and Hegan Paul
Limited, London.
8. Herber, B. P., Modern Public Finance, 1976, Richard D Iruin, Homewood.
9. Datt., Ruddar and K.P.M. Sudarshan, Indian Economy, 2001, S. Chand &
Company Limited, New Delhi.
10. Ganguly S., Public Finance, 1999, The World Press Private Ltd. Calcutta.
11. Musgrave, R. A. and P. B. Musgrave, 1980, Public Finance in Theory and
Practice, McGraw Hill, Kogakusha, Tokyo.
MBE 322: Macro Economic Analysis MBE Semester III
Paper II
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objectives: To make the students aware of the basic theoretical framework underlying the field of
macroeconomics, inclusive of recent developments and the fundamental disagreements
among macroeconomists on issues of both theory and policy.
Unit I: National Income Accounting 12 hrs • Concept and measurement of National Income
• Matrix representation of NI
• The GDP deflator
• Problems in measuring National Income
• National Income and welfare
Unit II: The Closed Economy in the Short-Run 12 hrs • Classical and Keynesian Systems;
• IS-LM model;
• Fiscal and Monetary multipliers;
• Aggregate demand and aggregate supply –Classical versus Keynes.
Unit III: Microeconomic Foundations 12 hrs • Consumption-Keynesian consumption function;
• Investment-Investment function and Acceleration principle;
• Supply of Money & Demand for Money (Keynesian theory of money demand).
Unit IV: Economic Growth 12 hrs • Harrod-Domar Model;
• Solow Model;
• Elements of endogenous growth model.
Unit V: Inflation and Stabilization 12 hrs • Philips Curve: adaptive and rational expectations;
• Instruments and role of Fiscal and monetary policy.
Suggested Readings 1. Froyen, R.T. (2001), Macroeconomics- Theories and Policies, Addison Wesley Longman, Singapore.
2. Mankiw,N.G. (1992),Macro Economics, Macmillan Worth Publishers.
3. Rastogi,S. and S. Aiyar (1997),National Income Accounting,Lotus Books.
4. Shapiro, E. (1996), Macroeconomic Analysis, Galgotia Publications, New Delhi. 5. Keynes, J.M. (1936), The General Theory of Employment, Interest and Money, Macmillan, London.
6. Diulio, Eugene A., Schaum’s Outline of Theory and Problems of Macroeconomics, McGraw-Hill.
7. United Nations (1974), Year Book of National Accounts Statistics.
8. Ackley, G. (1976), Macroeconomics: Theory and Policy, Macmillan Publishing Company, New
York.
9. Dornbush, Rudiger ,Stanley Fischer and Richard Startz, 7th
or later edition, Macroeconomics,
McGraw Hill. 10. Sen,A.K.,ed.(1970), Growth Economics,Penguin Books.
MBE 323: Financial Management MBE Semester III
Paper III
Duration 60 Hrs
Contact Hours per week: 4
Credits: 4
Objective: The purpose of this course is to acquaint the students with the broad
framework of financial decision-making in a business unit
Unit Contents Lectures
I Introduction: Definition, Scope, Objectives, Importance, and
Limitations. Task and Responsibilities of a Finance Manager.
Financial Analysis: Financial Statements- Income Statements
and Balance Sheet
Working Capital Management:Concept and Significance,
Need, Factors affecting Working Capital Estimation of Working
Capital- Operating Cycle Method, Net Current Assets Method,
Projected Balance Sheet Method.
12
II Capital Structure: Determinants of Capital Structure, Optimum
Capital Structure, Basic theory of Capital Structure
Source of Finance: Sources of short term and long-term
finance. Equity v/s Debt
Leverage: Operating, Financial and Combined Leverage
10
III Tools of Financial Analysis: Ratio Analysis: Concept, Calculation, Usefulness and Limitation
Funds Flow Analysis: Importance, Mechanism, Limitations
Cash Flow Analysis: Importance, Mechanism and Limitations
14
IV Capital Budgeting: Nature and Importance of Capital
Budgeting, Evaluation Criteria- Pay Back Period, Post Pay Back
Profitability, Accounting Rate of Return, Net Present Value,
Profitability Index, Internal Rate of Return
Inventory Management, Receivable Management and
Management of Cash
12
V Cost of Capital: Basic Concepts, Cost of Debt Capital, Cost of Preference
Capital, Cost of Equity Capital, Cost of Retained Earnings
Dividend Policies: Nature and Types of Dividends, Determinants of
Dividend Policies, Various Dividend Policies Models- Walter, Gordon,
Modigliani and Miller
12
Suggested Readings: 1. Pandey I. M Financial Management, Vikas Publications Delhi
2. Khan Jain Financial Management, Tata Mc Graw Hill
3. Agarwal M. R Financial Management Garima Publication Jaipur
4. Agarwal, Agarwal Financial Management, RBD Jaipur
5. Bhalla V. K Financial Management and Policy New Delhi, Anmol, 1998
6. Hampton, John. Financial Decsion Making, Englewood Cliffs, New Jersey.,
7. Prentice Hall Inc 1997
8. Van Home, James C Financial Management and Policy. 10th
ed, New Delhi,
9. Prentice Hall of India 1997
MBE 324: Business Laws I MBE Semester III
Paper IV
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objective: The objective of this course is to acquaint the students with different types of
laws, which a businessman is exposed to or is affected by. Unit -I 60 hrs
Introduction to Indian Contract Act, 1872
Classification of Contracts
Proposal and Acceptance
Unit-II 12hrs
Contractual capacity
Free consent
Consideration
Unit-III 12 hrs
Legality of object and consideration
Void agreements
Contingent contracts
Unit-IV 12 hrs
Performance of contract
Discharge of contract
Remedies for breach of contract
Unit-V 12 hrs
Quasi contract
Bailment
Pledge
Case study (Compulsory)
Suggested Readings: 1. Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., New Delhi
2. Aggarawal, Student’s guide to Mercantile & Commercial Laws, Taxmann Allied Services Pvt. Ltd.,
New Delhi.
3. Nolakha, R.L., Business Laws, Ramesh Book Depot, Jaipur
MBE 325: Summer Training Report
MBE Semester III
Paper V
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
At the end of semester II students will have to undergo summer training of 8 -10 weeks
with an industrial business or service organization by taking up a project study approved
by the Department. The project shall be evaluated by a panel of examiners.
MBE 421: Principles of Management MBE Semester IV
Paper I
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Unit Contents No. of Lectures
I
Introduction: Concept, Nature, Process and
Significance of Management. Managerial Roles
(Mintzberg).
Planning: Concepts, Process, Types Decision
Making: Concepts, Process, Bounded Rationality
12
II
Corporate Planning, Environment Analysis and
diagnosing, Strategy Formulation, MBO
Organizing: Concept, Nature, Process and
Significance, Principles of Organization. Authority
and Responsibility. Relationship between
Centralization and Decentralization
12
III
Delegation of Authority, Span of Control,
Departmentalization. Organization Structure-
Forms
Motivation: Concepts, Theories (Maslow,
Hertzberg, McGregor and Ouchi) Financial and
Non-Financial Incentives, Importance
12
IV
Leadership: Concept, Leadership Styles,
Leadership Theories (Tannebaum and Schmidt)
Communication: Nature, Process, Barriers,
Significance. Effective Communication System. 12
V
Management of Change: Concept, Nature and
Process of Planned Change. Resistance to Change,
Emerging Horizons of Management in Changing
Environment
Managerial Control: Concept and Process,
Effective Control System, Techniques of Control-
Traditional and Modern
12
Suggested Readings:
1. Management Challenges for 21st Century :- Peter Drucker F.; Butterworth,
Heinemann, Oxford
2. Essentials of Management :- Wehirich and Koontz
3. Organization Behaviour :- Fred Luthans
4. Management and Organization :- Louis A.Allen
5. Corporate Strategy :- Ansoff H; McGraw-Hill
6. Modern Management :- Hampton David R.; McGraw-Hill
7. Management :- Stoner and Freem
MBE 422: Indian Economy MBE Semester IV
Paper II
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objectives:
i. To understand the various issues/components of the Indian economy.
ii. To enable the students critically appraise the current Indian economic
scenario.
Unit I: Structure of the Indian Economy & its Demography 10 hrs
Basic features of Indian Economy;
Infrastructure development;
National Income;
Broad demographic features: Population, size and growth rates, sex composition, rural-
urban migration, occupational distribution;
Problem of over-population;
Unit II: Agriculture 12 hrs
Nature and importance;
Trends in agricultural production and productivity;
Factors determining productivity;
New agricultural strategy and Green Revolution;
Agricultural marketing;
Agricultural Finance.
Unit III: Industry 12 hrs
Industrial development during the planning period;
Industrial policy of 1948, 1956, 1977 and 1991;
Industrial Licensing and policy: MRTP Act, FERA and FEMA;
Growth and problem of small scale industries;
Role of Public sector enterprises in India’s industrialization;
Unit IV: Planning in India & Important areas of concern 14 hrs
Planning in India: Objectives, strategy, broad achievements and failures;
Current five year plan: objectives, allocation and targets;
Poverty; Inequality; Unemployment; Globalization
Unit V: External Sector 12 hrs
Role of foreign trade;
Trends in exports and imports;
Composition and direction of Indian’s foreign trade;
Role of Multinational corporations (MNCs)
Suggested Readings
1. Datt, R and KPM Sundaram, 2001, Indian Economy, S.Chand and Company
Limited, New Delhi.
2. Agarwal, A.N. 2002, Indian Economy: Problems of Development and Planning,
Wishwas Prakashan, Chennai.
3. Dhingra, I.C. 2001, The Indian Economy: Environment and policy, Sultan Chand
and Sons, New Delhi.
4. Mishra, S.K. and V.K. Puri, 2001, Indian Economy.
5. Uma Kapila (Ed.), 2002, Indian Economy since independence, Academic
Foundation.
6. Governer of India, Economic Survey (Annual), Economic Division, Ministry of
Finance, New Delhi.
MBE 423: Management of Financial Services MBE Semester IV
Paper III
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objective
To acquaint students with the process of managing the financial services
Unit Contents Lectures
I Factoring and Forfeiting: Introduction,
Theoretical Framework, Factoring in India
Bill Discounting: Introduction, Concept, Bill
Market Schemes
12
II Venture Capital Financing: Introduction,
Theoretical Framework, Indian Venture Capital
Scenario
12
III Stock Market and Broking: Introduction,
Classification of Shares, Stock Market (Cash and
normal Trading), Stock Brokers, Sub – Brokers,
Trading and Clearing Members, Foreign Brokers
12
IV Derivative Trading 12
V Mutual Funds: Introduction, Classification, Mechanics, Duties of a Fund Manager, Growth in India (Recent Developments in Industry)
12
Suggested Readings 1. Avadhani, V. A., Investment Management, Himalaya Publishing House, Delhi.
2. Averbach, Robert D., Banking and Financial Markets, McMillan Publishing Co.,
New York.
3. Khan, M. Y., Indian Financial System – Theory and Practice, Vikas Publishing
House, New Delhi.
4. Singh, H.K. and Meera Singh, Mutual Funds and Indian Capital Market,
Kanishka Publishers and Distributors, New Delhi.
5. Agarwal, Krishna Kumar, New Issue Market Operations in India, Kanishka
Publishers and Distributors, New Delhi.
6. Srivastava, R.M., Management of Indian Financial Institutions, Himalaya
Publishing House, Delhi.
7. Gordon, and Natarajan, Financial Markets and Services, Himalaya Publishing
House, Delhi.
MBE 424: Business Laws II MBE Semester IV
Paper IV
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Objective: The objective of this course is to acquaint the students with different types of
laws, which a businessman is exposed to or is affected by.
Unit-I 12 hrs
Special contracts:
• Contract of Indemnity
• Contract of Guarantee
• Contract of agency
Unit-II 12hrs
Sale of Goods Act, 1930
Unit-III 12hrs
Consumer Protection Act, 1986
Unit-IV 12 hrs
Right to Information Act 2005
Unit V 12 hrs
Case study (Compulsory)
Suggested Readings
1. Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., New
Delhi.
2. Aggarawal, Student’s guide to Mercantile & Commercial Laws, Taxmann Allied
Services Pvt. Ltd., New Delhi.
3. Nolakha, R.L., Business Laws, Ramesh Book Depot, Jaipur.
MBE 425: Dissertation MBE Semester IV
Paper V
Duration: 60 hrs
Contact hours per week: 4
Credits: 4
Each student will be assigned a topic in the beginning of semester IV by the faculty. The
student will be required to prepare a dissertation on the same. The dissertation will be
evaluated by a panel of examiners.
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