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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
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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: 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
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 4
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
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 4
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
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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
• Gupta, C.B. and Khanka, S.S., Entrepreneurship and Small Business
management,
Paper-VI : Seminar
Paper Code : MBE 126
Credits: 2 MM : 100
Contact Hr./ semester : 30 hrs (CA : 30, SEE: 70)
Contact hours per week: 2
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
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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
Paper –II : Consumer Behaviour
Paper Code: MBE 222
Credits: 4 MM : 100
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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.
Paper-III: Fundamentals of Accounting
Paper Code: MBE 223
Credits: 4 MM : 100
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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
Paper-IV : International Business
Paper Code: MBE 224
Credits: 4 MM : 100
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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
Discussion and Distribution of Terminology
Pertaining To The Subject
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
Recapitulation Study, Query Solving Exercises,
Selective Presentations
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
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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
Paper-VI: Seminar
Paper Code: MBE 226
Credits: 2 MM : 100
Contact Hr./ semester : 30 hrs (CA : 30, SEE: 70)
Contact hours per week: 2
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
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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.
Paper-II: Macro Economic Analysis
Paper Code: MBE 322
Credits: 4 MM : 100
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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.
Paper-III : Financial Management
Paper Code: MBE 323
Credits: 4 MM : 100
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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
Paper-IV: Business Laws -I
Paper Code: MBE 324
Credits: 4 MM : 100
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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
Paper-V : Summer Training Report
Paper Code: MBE 325
Credits: 4 MM : 100
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 4
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
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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
Paper-II : Indian Economy
Paper Code: MBE 422
Credits: 4 MM : 100
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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.
Paper-III : Management of Financial Services
Paper Code: MBE 423
Credits: 4 MM : 100
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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
Discussion and Distribution of Terminology
Pertaining To The Subject
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
Recapitulation Study, Query Solving Exercises,
Selective Presentations
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
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 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.
Paper-V : Dissertation
Paper Code: MBE 425
Credits: 4 MM : 100
Contact Hr./ semester : 60 hrs (CA : 30, SEE: 70)
Contact hours per week: 4
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.