CURRICULUM FOR - iisjaipur.org ECONOMICS.pdfCURRICULUM FOR M.A. / M.Sc. BUSINESS ECONOMICS ... S...

SFS, GURUKUL MARG, MANSAROVAR, JAIPUR

CURRICULUM

FOR

M.A. / M.Sc. BUSINESS ECONOMICS

I Semester Examination November 2007

II Semester Examination April 2008

III Semester Examination November 2008

IV Semester Examination April 2009

Syllabus applicable for the students seeking admission to the M.A. /M.Sc.

Business Economics in the academic year 2007-08.

Semester-I

Paper-I : Managerial Economics I

Paper Code: MBE 121 Credits: 4 MM : 100

Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)

Contact hours per week: 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

Paper II: Statistical Methods

Paper Code: MBE 122

Credits: 4 MM : 100



Objectives:

• To understand the role of statistics in economics.

• To apply statistical techniques to research data for analyzing and interpreting data

carefully.

Unit I: Measure of Central tendency and dispersion 12 hrs

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: Correlation and Regression Analysis 12 hrs

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: Probability distributions and Sampling distribution 14 hrs

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: Testing of Hypothesis 12 hrs

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: Economic Statistic 10 hrs

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.

Paper-III: Foreign Exchange Market

Paper Code: MBE 123

Credits: 4 MM : 100



Objectives: The purpose of paper is to provide a concrete knowledge to students about

the Foreign Exchange Market. The contents have been designed such, that they start from

the basics, slowly move to operational dynamics of Foreign Exchange Products and

finally analyse the types of risks involved in International Currency Market

Unit Contents Lectures

I Foreign Exchange Rate: Meaning, Importance of

Foreign Exchange Rate, Determination of Foreign

Exchange Rate, Demand For Foreign Exchange,

Supply of Foreign Exchange, Equilibrium Foreign

Exchange Rate, Fixed Foreign Exchange Rate,

Flexible Foreign Exchange Rate,

Adjustable Peg, Crawling Peg,

Spot and Forward Foreign Exchange Rate,

Arbitrage

Discussion and Distribution of Terminology

Pertaining To The Subject

12

II Foreign Exchange: Exchange Quotations – Direct

and Indirect Quotation, Principal Types of Buying

Rates, Principal Types of Selling Rates

Project Assignment

12

III Forward Exchange Contracts: Features, Calculation

of Fixed Forward Rates, Calculation of Option

Forward Rates

Interbank Deals: Cover Deals, Swap Deals,

Funding of VOSTRO Account

Project Assignment

12

IV Futures and Options: Currency Futures

Options – Features, Types, Execution of Contracts,

Use of Options

Incoterms: Scope, Terms

12

V Forex Risk Management: Open Position Risk, Cash

Balance Risk, Maturity Mismatches Risk, Credit

12

Risk, Country Risk, Overtrading Risk, Fraud Risk,

Operational Risks

Recapitulation Study, Query Solving Exercises,

Selective Presentations

Suggested Readings:

1. International Financial Management: P. G. Apte (Tata Mc Graw – Hill)

2. International Financial Management: Bhalla, Anmol Publisher, Delhi

3. International Economics: M.C. Vaish, Sudama Singh (Oxford and IBH Publisher)

4. International Finance and Foreign Trade: S.K. Mathur (Shivam Publication,

Jaipur

Paper-IV : Fundamentals of Information Technology

Paper code: MBE 124

Credits: 4 MM : 100



Objective : To make students familiar with general purpose office automation tools

Unit I: 11hrs

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:�� 15 hrs

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:�� 12 hrs

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:�� 08 hrs

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:�� 11 hrs

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.

Paper-V : Entrepreneurship

Paper code: MBE 125

Credits: 4 MM : 100



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

• Gupta, C.B. and Khanka, S.S., Entrepreneurship and Small Business

management,

Paper-VI : Seminar

Paper Code : MBE 126

Credits: 2 MM : 100



Seminars have been incorporated in the syllabi in Semester I and II to enhance the

communication skill of the M.A. students.

The candidates will have to choose a topic from the syllabi for seminar preparation. They

will be expected to submit a write up pertaining to that topic and at the end of semester, a

presentation will have to be made in presence of panel of experts from different fields of

Business Economics.

Semester II

Paper-I : Managerial Economics II

Paper Code: MBE 221

Credits: 4 MM : 100



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

Paper –II : Consumer Behaviour

Paper Code: MBE 222

Credits: 4 MM : 100



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


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.

Paper-III: Fundamentals of Accounting

Paper Code: MBE 223

Credits: 4 MM : 100



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

Paper-IV : International Business

Paper Code: MBE 224

Credits: 4 MM : 100



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.


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

Project Assignment

12

IV Export Credit and Finance: Importance,

Methods and Sources of Export Credit and

Finance, Pre – Shipment Finance, Post Shipment

Finance

13

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

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)

Paper-V: Operations Research

Paper Code: MBE 225

Credits: 4 MM : 100



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

Paper-VI: Seminar

Paper Code: MBE 226

Credits: 2 MM : 100



Seminars have been incorporated in the syllabi in Semester I and II to enhance the

communication skill of the M.A.students.

The candidates will have to choose a topic from the syllabi for seminar preparation. They

will be expected to submit a write up pertaining to that topic and at the end of semester, a

presentation will have to be made in presence of panel of experts from different fields of

Business Economics.

Semester-III

Paper-I: Public Economics

Paper Code: MBE 321

Credits: 4 MM : 100



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.

Paper-II: Macro Economic Analysis

Paper Code: MBE 322

Credits: 4 MM : 100



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.

Paper-III : Financial Management

Paper Code: MBE 323

Credits: 4 MM : 100



Objective: The purpose of this course is to acquaint the students with the broad

framework of financial decision-making in a business unit.


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

Paper-IV: Business Laws -I

Paper Code: MBE 324

Credits: 4 MM : 100



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

Paper-V : Summer Training Report

Paper Code: MBE 325

Credits: 4 MM : 100



Objective:

At the end of second semester, 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.

Semester-IV

Paper-I: Principles of Management

Paper Code: MBE 421

Credits: 4 MM : 100



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

Paper-II : Indian Economy

Paper Code: MBE 422

Credits: 4 MM : 100



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.

Paper-III : Management of Financial Services

Paper Code: MBE 423

Credits: 4 MM : 100



Objective

To acquaint students with the process of managing the financial services


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

Project Assignment

12

IV Derivative Trading 12

V Mutual Funds: Introduction, Classification,

Mechanics, Duties of a Fund Manager, Growth in

India (Recent Developments in Industry)

Project Assignment



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.

Paper-IV : Business Laws II

Paper Code: MBE 424

Credits: 4 MM : 100



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.

Paper-V : Dissertation

Paper Code: MBE 425

Credits: 4 MM : 100



The dissertation work will involve practical work on a problem suggested by the

supervisor of the candidate. The student will submit the dissertation report at the

end of IV semester. This dissertation report will be examined by the supervisor

of the student, Head of the Department and any other person appointed by

Principal.

Date post:	30-Jan-2018
Category:	Documents
Upload:	lexuyen
View:	224 times
Download:	0 times