M.B.A.

(FINANCIAL SERVICES)

Course Curriculum Semesters I, II, III & IV 2009-11

School of Economics (A Department under UGC-SAP Programme) Devi Ahilya Vishwavidyalaya, Indore

MBA (FINANCIAL SERVICES) Course Curriculum Semesters I, II, III & IV Scheme of Examination
The courses of study for MBA (FS) Examination shall extend over a period of two years divided into four semesters with an examination at the end of each semester. This programme will be conducted as per university ordinance 31. Total Credits for this programme (all four semesters) are 120. The following shall be the Scheme of Examination. 1. Grading will be done on 8 point scale A+ at 10, A at 9, B+ at 8 , B at 7, C+ at 6 , C at 5 , D at 4 and F at 2 in the first attempt. In the repeated second attempt the 8 point scale will be A+ at 9, A at 8 , B+ at 7 , B at 6, C+ at 5, C at 4, D at 3 and F at 2. 2. Each student has to appear in atleast two internal tests and End semester examination; otherwise the student will be awarded F in the concerned subject. 3. Out of three internal assessments, best two will be considered along with end semester examination marks. 4. Scores will be converted to grades as follows:Transformed Score > = 90 % > = 80 % but < 90 % > = 70 % but < 80 % > = 60 % but < 70 % > = 50 % but < 60 % > = 40 % but < 50 % > = 30 % but < 40 % < 30.00 % Grade A+ A B+ B C+ C D F First attempt 10 9 8 7 6 5 4 2 Repeated (Second) attempt 9 8 7 6 5 4 3 2

5. For a two year programe, the graduating grade point average (GGPA) is determined on the basis of best of 104 actual credits plus 16 Virtual Credits totaling 120. 6. If SGPA / CGPA of any student fall below 4.00 any time, the student is asked to leave the program. He may be eligible for re- admission as a fresh student. 7. The conversion of GGPA. into percentage will be as follow to facilitate its application in other matter: - Percentage marks = 8.1 + 8.4 * GGPA

COURSE DETAILS
First Semester (July to December ) Course code 711 712 713 Course Title Classroom Max. Internal Interactions Marks Assessment (Hrs/Week) 4 100 40 4 4 100 100 40 40 End Semester exams 60 60 60

Credits 4 4 4

Business Economics Business finance and accounting Principles and practices of management & Organization Business Statistics & Research Methodology Financial Markets & Environment Business Communication Marketing Management

714 715 716 717 718

4 4 4 4

100 100 100 100

40 40 40 40

60 60 60 60

4 4 4 4

Comprehensive Viva --100 60+40** 4 Voce Total 28 ---32 * *40 marks will be allotted for class room participation/seminar/ guest lecture/ and other co-curricular activities of the institute/university. Second Semester (January to June) Classroom Max. Internal Interactions Marks Assessment (Hrs/Week) Financial Economics 4 100 40 Course Title Operations research Financial Management and Corporate Finance Human Resource Management Computer Applications 4 4 4 4 100 100 100 100 40 40 40 40

Course Code 721 722 723 724 725 726 727

End Semester exams 60 60 60 60 40+20*

Credits 4 4 4 4 4

Service Marketing 4 100 40 60 4 Comprehensive Viva -100 --60+40** 4 Voce Total 24 ------28 * 20 Marks for Computer Practical Examination. * *40 marks will be allotted for class room participation/seminar/ guest lecture/ and other co-curricular activities of the institute/university.

Third Semester (July to December) Course Course Title Classroom Max. Internal Code Interactions Marks Assessment (Hrs/Week) 731 Financial Products and 4 100 40 Services 732 Banking Service 4 100 40 Operations 733 Business Law 4 100 40 734 735 Principles, Practices & Regulation of Insurance Business Ethics & Environment Business Taxation Security Analysis & Portfolio Management 4 4 100 100 40 40

End Semester exams 60 60 60 60 60

Credits 4 4 4 4 4

736 737

4 4

100 100

40 40

60 60

4 4

738

Comprehensive Viva --100 60+40** 4 Voce Total 32 ------32 * *40 marks will be allotted for class room participation/seminar/ guest lecture/ and other co-curricular activities of the institute/university. Fourth Semester (January to June) Course Title Classroom Max. Internal Interactions Marks Assessment (Hrs/Week) Investment & Merchant 4 100 40 Banking Commodity, Derivative 4 100 40 & Price Risk Management International Financial 4 100 40 Markets & Forex Management Quantitative Techniques 4 100 40 and Business forecasting Strategic Financial 4 100 40 Management Major Research Project 4 100 40

Cours Code 741 742

End Semester exams 60 60

Credits 4 4

743

60

744 745

60 60

4 4

746 747

60

Comprehensive Viva --100 -60+40** 4 Voce Total 28 ------28 *40 marks will be allotted for class room participation/seminar/ guest lecture/ and other co-curricular activities of the institute/university.

MBA (FS) First Semester

711- Business Economics

Objective: The objective is this paper is to develop the understanding of application of Micro Economics in the field of trade & industry.

1. Nature and Scope of Business Economics, Objectives of Business Firms, Decision

Making, 2. Application of Economic Theories in Decision-Making. 3. Demand Analysis Demand and Elasticities of Demand, Consumer Behaviour and Analysis of Demand, Consumers Surplus, Demand Estimation and Forecasting. 4. Production Analysis Production Function, Laws of Production, Returns to variable proportions and Returns to Scale, Economics and Diseconomies of Scale, Laws of returns and Business Decisions, Costs and Revenue Concepts, Break Even Points. 5. Pricing Price determination under Perfect Competition, Monopoly and Monopolistic Competition, Monopoly Power, Price Discrimination, Oligopoly, Pricing Policies and Practices, Managerial Theory of Firm, Profit Policies. 6. Macro Economic variables, Concerts and Estimation of National Income. NI and welfare 7. Measurement of stock of money, money multiplier monetary policy and its instrument. 8. Fiscal Policy and its Instruments 9. Installation theories of installation control installation. Note: At least five Cases should be discussed in the class. Books recommended:
1. Watson - Price Theory and Uses. A.I.T.B. Publishers & Distributors (Regst.) New Delhi II Edition 2. Samulson P. - Foundation of Economics Analysis - Harvard University Press, P.L. Mehta Managerial Economics, Sultan Chand and Sons, 3. H.C. Petersen - Managerial Economics, Printice Hall of India 4. D.D Charturvedi, S.L. Gupta, Sumitra Pal- Business Economics, Text And Cases- Galgotia Publication, New Delhi 5. I. C. Dhingra Fundamentals of Business Economics- Principles, Application And Case Studies, Sultan Chand Publishers, I Edition 2003. 6. Manab Adhikariy- Business Economics, 2nd Edition, Excel Books

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712- Business Finance And Accounting

Objective: The objective of this paper is to understand the accounting and financial concepts and of an organization.

1. Introduction to Financial Accounting - Meaning & function of Accounting; Generally accepted Accounting Concepts & Conventions; Nature of Accounts; Basic Terminology, Rules for Debiting & Crediting; Journalizing the transactions; Posting from the Journal to the Ledger & Preparation of Trial Balance. 2. Final Accounts - Preparation of financial Statements Trading, Profit & Loss Account, and Balance Sheet with the help of Adjustment Entries.

3. Depreciation Meaning and Need, Methods of Charging depreciation Straight Line Method; WDV Method; Service Hours Method; Productive Output Method; Sum-of-years Digits Method; Double Declining Balance Method. Methods of Recording Depreciation in the Accounting Books. 4. Analysis and Interpreting of the Financial Statements Financial Ratio AnalysisLiquidity Ratios- Current Ratio, Quick ratio, Profitability Ratios GP ratio, NP ratio, Operating Ratio, ROI, ROE, ROA, EPS, DPS, Dividend Pay Out Ratio, Price Earning Ratio, Earnings yield Ratio, Turnover Ratios Stock Turnover Ratio, Debtors Turnover Ratio, Creditors Turnover Ratio, Capital Turnover Ratio, fixed assets turnover, current assets turnover. Solvency Ratio Debt-equity Ratio,Capital Gearing Ratio, Interest Coverage Ratio, Debt Service Coverage Ratio, Building an Income Statement and Balance sheet. 5. Introduction to Cost Accounts Meaning, Objectives, Difference between Cost Accounts and Financial Accounts, Elements of Cost. 6. Break Even Analysis Meaning and Concept, the basic equation; Contribution; BEP; Profit/Volume Ratio, Margin of Safety; Problems related to make or buy decisions, Basic Applications. 7 Leverage Analysis Meaning and Types, Operating Leverage, Financial Leverage, Combined Leverages; Significance of Leverages in Managerial decision making. 8. Analysis of financial statements of any public limited company. Note: At least five Cases should be discussed in the class. Books recommended: 1. Advanced Accountancy- Vol I , R.L. Gupta & M. Radhaswamy, Sultan chand 2. & Sons, 1999. 3. Double entry book keeping and accountancy , T. S. Grewal, Sultan Chand & Sons, New Delhi 4. Comprehensive Financial Accounting , S.A Siddique, Laxmi Publications, New Delhi 5. Financial Management -- Khan & Jain, Tata McGraw Hill Publication, IVth Edition, 2004 3. Financial Management-- I.M. Pandey., Vikas Publishing House Pvt. Ltd, VIIIth Edition 1999. 4. Financial Management-- Prassanna Chandra, Tata McGraw Hill Publication, VIIth Edition, 2008. 5. Financial Management -- Maheshwari, Sultanchand $ Sons, IIIrd Edition, 2004. Note: The above mentioned editions are available in the library. The students are however advised to also refer the latest editions of the books.

713 Principles And Practices Of Management & Organizational Behaviour

Objective: The objective of this paper is to develop managerial skills in the students to cope up with the changing business environment and becoming successful entrepreneur.

Section A-Principles and Practices of Management

1. Introductory: Concept of management including functions of management, functions and responsibilities of managers, Fayols principles of management.

2. 3. 4.

5.

6.

Management thought; the classical school, the human relations school, Systems theory school, Contingency theory school, Planning: Nature and purpose of planning including strategic planning, principles of planning, Types of Planning, Advantages and Limitations of planning. Concept and nature of Objectives: Types of objectives, Importance of objectives, setting objectives, Management by objectives Strategies and Policies: Concept of corporate strategy, formulation of strategy, types of strategies, TOWS matrix, the Portfolio matrix, three generic competitive strategies by Porter, effective implementation of strategies, types of policies, principles of formulation of policies, Decision making. Organizing: Nature and purpose of organizing, Bases of Departmentation, Span of management, Line and Staff relationship, Line-staff conflict, Delegation, kinds of delegation, Delegation and Decentralization, Methods of decentralization. Control: Concept and process of control, Control techniques, human aspects of control, control as a feedback system, Feed forward control, Preventive control.

Section B-Organizational Behavior

Objective: The objective of this paper is to understand the human behavior to have efficiency and effectiveness with the total development of the organization.

1. Foundations of Individual and Organizational Behavior: OB Models, Personality Determinants and Attributes, Learning and Learning Theories, Perception-Factors affecting Perception. 2. Motivation: Needs, Contents and Processes; Marlows Hierarchy of Needs, Hertzbergs Two Factor theory, ERG theory, Brooms Expectancy theory, Reinforcement Theory. 3. Foundations of Group Behavior: Defining and Classifying Groups, Group Structure and Processes, Process of Group formation, Group Decision Making, Group v/s Team, Team Effectiveness, and Decision Making. 4. Leadership: Trait theories, Behavioral theories-- Ohio State Studies, Michigan Studies, and Managerial Grid. Contingency theories-- Fiedlers Model, Hershey and Blanchard's Situational theory, Leader-Member Exchange theory, Path Goal theory, Charismatic Leadership. 5. Conflict & Organizational Change: Interpersonal Conflict, Inter group Conflict, Organizational Conflict, forces of Change, Resistance to Change Note: The syllabus is divided into two sections A and B. At least two questions will be asked from each section. At least five Cases should be discussed within the class from each section. Books Recommended : 1. David S. Decenzo and Stephen P. Robbins, Personnel/Human Resource Management, New Delhi, Prentice Hall Publication. 2. Stephen P. Robbins, Organizational Behavior: Concepts, Controversies, and Applications, New Delhi, Prentice Hall Publication., 3. Fred Lufhans, Organizational Behavior, New York, McGraw Hill, 4. Harold knootzDonnell and Heinz Weihrich, Essentials of management, New Delhi, Tata McGraw Hill Publication. 5. R.D. Agrawal, Organization and Management New Delhi, Tata McGraw Hill Publication..

6. Harold Koontz, ODonnell and Heinz Weihrich, Management: A global Perspective, New Delhi, Tata McGraw Hill. Publication. 7. Robert Krietner, Management, Houghton miffin Co, 7th edition 1994. 8. Stephen P. Robbins and Merry Coulter, Management, New Delhi, Prentice Hall of India, 2002. ----------------------------------------------------------------------------------------------------------------

714 - Business Statistics & Research Methodology

(Knowledge of basic concepts of statistics including measures of Central Tendency is a prerequisite for this subject) Objective: The objective of this paper is to understand the statistical tools and techniques, Used in the business decision and analysis. 1. Standard Deviation and Coefficient of Variation. 2. Study of Business Change and Relationship Correlation and Regression Analysis. 3. Types and Methods of construction of Index Numbers. Characteristics of a good Index Number. Test for perfection, Cost of living Index Numbers. 4. Basic concepts of Probability, Theories of Probability Addition and Multiplication, Conditional Probability and their simple applications in business. 5. Random Variable and Probability Distributions Binomial, Poisson and Normal and Their Applications in Business. 6. Sampling Theory Concepts, Methods of Sampling, Sampling and Non Sampling Errors, Parameter and Statistic, concept of sampling distribution, Standard Error and Sampling Error. 7. Testing of Hypothesis: Type I & Type II Errors, concept of Confidence Limits and critical region, Test of significance for large and small samples tests for mean and difference between means, F tests. 8. Research Methodology Research Concept, Research Design and Techniques. An Overview of different scales. Note: At least one research proposal should be prepared which should have proper research design and use of statistical method. Books recommended: 1. Fundamentals of Applied Statistics, Gupta S.C., S.Chand & Sons, New Delhi, Latest Edition 2. S.P.Gupta - Statistical Methods (Sultanchand & Co.) 3. Statistics for Management By Richard Levin. 4. JIT S. Chandan Statistics for Business and Economics, Vikas Publishing House Pvt. Ltd., 5. R.S. Bhardwaj Business Statistics Excel Books 6. Monga G.S., Mathematics and Statistics for Economics, Vikas Publishing House

715 Financial Markets & Environment

Objective: The objective of this paper is to understand various financial markets and their Working in India.

Financial System: Introduction, Functions of the Financial System, Prerequisites of a Financial System, Players in the Financial System, Evolution of the Financial Markets, Segments of Financial Markets, Types of Financial Products, Designing of Financial Products, Stages in the Development of Financial Products, Role of Financial markets, Market Efficiency. Money Markets : Need for Money markets Components of the Money Markets, Players in the Money Market, Call Money Market, Treasury Bill Market, Commercial Paper Market, Certificate of Deposit Market, Repo Market, Gilt-Edged Securities, Price Determination Mechanism, Role of Primary Dealers, Regulatory Framework. Capital Markets: Need for Capital Markets, Segments of Capital Markets, Players in Capital Markets, Major Trends in Capital Market, Globalization of the Markets, Regulation of the Capital Markets, Historical Perspective and Evolution of Regulations, Objectives and Functions of the Regulator, Self-Regulatory Organization (SROs). Primary Market: Evolution of the Primary Market, Functioning of the Primary Market, Players in the Market, Price Determination Process. Secondary Markets: Trading System, Clearing Mechanism, Settlement System, Carry Forward and Badla system, Margin Requirements, Construction of Indices, Capital Adequacy, Depository and Custodial Services. Financial market Instruments: Equity & Preference shares, Debentures meaning and features Bond Market : Evolution of the Bond Market Fixed Rate and Floating Rate Bonds Convertible Bonds Innovative Bond Issuance Structures Secondary Market for Bonds. Non Banking Finance Companies : Evolution of NBFCs Industry Structure Services Provided by NBFCs Acceptance of Public Deposits Regulating the NBFC Sector Registration and Classification Prudential Norms. Linkages Between Markets : Relationship between Various Markets Capital Flows between Markets Arbitrage Opportunities Globalization and Capital Flows. Technology and the Markets: Impact of Technology on the Market, On-Line Clearing & Settlement, Technology to Integrate Global Markets, Technology and the Payment System E-Commerce and the Financial Markets. Development Banking : Introduction, Concept, Necessity and Nature Foreign Exchange Markets : Introduction, Institutions into Forex Trading, Players. Books recommended:
1. 2. 3. 4. H.R. Machiraju, Indian Financial System, Vikas Publishing House, B.S. Bhatia and G.S. Batra, Management of Capital Markets, Financial Services and Institutions. L.M. Bhole, Financial Institutions and Markets Structure, Growth and Innovation. Tata Mcgraw Hill Publishing company Ltd. Meir Kohn Financial Institutions & Markets Future & Regulations, Oxford University Press, 2007.

716 -Business Communication

Objective: The objective of this paper is to develop effective communication skills and an impressive personality.

1. Introduction: Defining Communication, Process of communication, Principles of effective communication, importance of business communication, importance of feedback. 2. Factors affecting communication: Perception and reality, Physical, Mechanical and Psychological barriers to communication, Effective listening Types and Essentials of effective listening. 3. Channels, Types and Forms of communication: Verbal, Non-verbal, Formal, Informal, Internal, External and communication networks. 4. Fundamentals of Business Writing: Adaptation and selection of words, construction of clear sentences and paragraphs, Writing for Effect, Basic patterns of Business Letters, Directness in good news and neutral situations, Indirectness in bad news and persuasive messages, dealing with print and electronic media. 5. Employment Messages: Writing Resumes: Controlling the format and style, tailoring the content, choosing the best organizational plan, writing the perfect resume. Application letters: writing the opening paragraph, summarizing the key selling points, writing the closing paragraph. 6. Reports and Proposals: Using reports and proposals as business tools, completing and wring reports and proposals. 7. Modern Means of Communication. 8. Presentations. Note: At least five Cases should be discussed in the class Books recommended:
1. Business Communication K.K.Sinha, Galgotia Publishing Company 2. Business Communication Chhabra.T.N. , Sun India Publication,2005, V Edition. 3. Business Communication Parag Diwan, Excel Books 4. Essentials of Business Communication Rajendra Pal , Sultanchand Publication

5. Business Communication-- R.K.Madhurkar,Vikas Publishing House Pvt. Limited

717-Marketing Management
Objective: The objective of this paper is to develop creative skills in the students to understand the dynamics of the competitive market and positions distinctively.

1. Marketing Concepts: Customer Value and Satisfaction, Customers Delight. Value chain, scanning the Marketing Environment. 2. Market Segmentation, targeting, positioning, market segmentations: Levels of market segmentations, patterns, procedures, requirement for effective segmentation, evaluating the market segments, selecting the market segments, tool for competitive differentiation. 3. Basics of Marketing Information System and Marketing Research Process. 4. Product Decision: Objectives, Product classification, Product-Mix, Product life cycle strategies, equity, challenges, branding, introduction of packaging, &labeling. 5. Pricing Decisions: Factors affecting price, pricing methods and strategies. 6. Distribution Decisions: Importance and Functions of Distribution Channel, Considerations in Distribution Channel Decisions, Distribution Channel Members.

7. Promotion Decisions: A view of Communication Process, developing effective communication, Promotion-Mix elements. 8. Marketing Strategies for Leaders, Challengers, Followers and Niches: 9. Emerging Trends in Marketing: An introduction to Internet Marketing, and Introduction of CRM & EVENT marketing. 10. Marketing Law and Public Policy

Note: At least five Cases should be discussed in the class. Books recommended:
1. 2. 3. 4. 5. Geoffrey, Randall, Principles of Marketing Thomson Learning Asia Pte, Ltd. New Delhi. Faria, A. J. Marketing Thomson Learning Asia Pte, Ltd. New Delhi. Principle of Marketing Management Philip Kotler , Pearson Education Marketing Management___ S.A. Sheralkar , Himalaya Publishing House Fundamentals of Marketing___ William .J.Stanton , Mc Grawhill Publication

(FS) II - SEMESTER 721 Financial Economics

Objective: The objective of this paper is to develop the understanding of macro economic policies and its application to financial markets.

1. Circular Flow of Income in closed and open economy; Essentials of National Income Accounting. 2. Income determination in closed and open economy, Consumption and Investment Functions, Concept of Multiplier and Accelerator. 3. Classical and Keynesian view on income, employment and output. 4. Concept of Money Supply , Money Multiplier, Deposit Multiplier, Credit Creation by 5. Banks, Monetary Policy and its Instruments. 6. Value of Money : The Quantity Theory of Money, Cash Transaction and Cash balance approach, Modern Quantity Theory of Money, Theories of Interest Rates Keynesian and IS/LM approach. 7. Investment Decision under certainty, Asset prices and inflation, valuation of Financial Assets. 8. Balance of Payment and International Transactions: Capital account and International Flow of assets, Exchange rate and BOP, Strength or Weakness of a Currency. The Mundell Fleming model. 9. Asset pricing model-capital asset pricing model and arbitrage printing model. 10. Supply Side Economics, the Loaffers Curve, Monetarism Versus Keynesianism. Text Reading
1. 2. 3. 4. Shapiro Macroeconomic Analysis, Galgotia Publications Pvt. Ltd. New Delhi Joseph Daniels and David Vanhouse International Monetary and Financial Economics Errol D Souza : Macroeconomics, Pearson Ed. Chris Jones Financial Economics .

722 - Operations Research

Objective: The objective of this paper is to develop understanding about different methods of economic and business analysis that provides solutions to a business problem.

1. Quantitative Techniques and Operations Research: Meaning, Scope of Quantitative Techniques and Operations Research in Management, Advantages and Limitations of Quantitative Techniques. 2. Linear Programming: Meaning of Linear Programming, General Mathematical Formulation of LPP, Graphical Analysis, Simplex Method, Two-phase Method, Bigm Method, Advantage and Limitations of LPP. 3. a) Transportation Model: Mathematical Formulation, Initial Basic Feasible Solution Vogels Approximation Method, Optimization (Minimization and Maximization) Using Modified Distribution Method and Stepping Stone Method. b) Assignment Problem: Assignment Model as a Particular Case of Transportation Model, Formulation of Assignment Problems, Solution of Assignment Problems Using Hungarian Method (Minimization and Maximization, Route Allocation). 4. Inventory Management Meaning and Types of Inventories, Inventory Decision, EOQ Model, Safety Stock, Selective Approaches to Inventory Management.

5.

Dynamic Programming- Nature of Dynamic Programming Problems, Nature of Dynamic Programming, Solutions for Knapsack, Traveling Sales man, Capital Budgeting, Selection of Advertising Media, Cargo Loading Problem. 6. Replacement Models: Introduction, Scope in Management, Single Equipment Replacement Model and Group Replacement. 7. Game Theory: Introduction to Games Maximin and Minimax Principles, Pure and Mixed Strategies, Solutions of Games Using Algebraic and Graphical Methods. 8. Network Analysis CPM and PERT, concept of floats. Application of CPM & PERT. Note: At least five Cases should be discussed in the class Books recommended: 1. S.D. Sharma, Operations Research, Meerut, Kedar Nath Ram Nath and Co., 8 th Edn., 2002. 2. N.D. Vohra. Quantitative Techniques, New Delhi, Tata McGraw Hill Publications, 15th Ed., 2003. 3. Hamdy A. Taha, Operations Research: An Introduction, New Delhi, Prentice Hall of India, 6th Edition 1998. 4. Haruly M. Wagner, Principles of Operations Research with Application to Managerial Decisions, New Delhi, Prentice Hall of India Pvt. Ltd, 2 nd Ed., 1996. 5. V.K. Kapoor, Problems and Solutions in Operations Research, New Delhi, Sultan Chand and Sons, 2004, 7th Edition. 6. P.K. Gupta and D.S. Hira, Operations Research, New Delhi, Sultan Chand Publications, 2000. 7. A.M Natarajan, P.Balasubramani, A.Tamilarasi Operations research Pearson education 2nd edition,2007

723- Financial Management & Corporate Finance

Objective : The objective of this paper is to understand the different sources of finance, available for any corporate. 1. Introduction to Financial management Meaning and evolution, significance and goals, Functions of a financial manager. 2. Fund flow statement - Meaning , uses and preparation 3. Cash Flow statement (AS-3) Meaning, uses and preparation 4. Cost of capital Meaning, Cost of debt, preference and equity capital, weighted average cost of capital. 5. Capital Budgeting Meaning, evaluation of proposals pay back period, NPV, ARR, IRR, Accept/reject decisions. 6. Working capital management Meaning and concept, operating cycle, factors affecting working capital management, sources of working capital, determination of working capital. 7. Dividend policy Meaning, determinants, Forms of dividend, retention vs. distribution of profits. Note: At least five Cases should be discussed in the class Books recommended: 1. Financial Management, Theory & Practice: Prasanna Chandra , Tata McGraw Hill Publication, VII Edition, 2008 2. Financial Management: I.M.Pandey, Vikas Publishing House.

724 - Human Resource Management

Objective : The objective of this paper is to understand the human management to get the satisfied and competitive work force to build strength of the organization.

1. The Field of HRM: An Overview, Concept and Functions, Personnel to HRM, ASTD HRM Model. 2. Acquisition of Human Resources: Objectives, Policies and Process of Human Resource Planning, Process and Methods of Planning Human Resource. Human Resource Recruitment, Selection, Induction and Placement. 3. Development of Human Resources: Introduction to HRD- need and concepts, Learning, Training and Development, Evaluation of Training and Performance Appraisal. 4. Maintenance of Human Resources: Job Evaluation, Designing and Administering the Wage and Salary Structure, Compensation, Grievance Handling Procedure. 5. Human Resource Policies: formulation and Essentials of Sound HR Policies. 6. Emerging Trends and Challenges in HRM: Economic & Technological Change, Work force Availability and Quality, Enhancing Organizational Performance, Expanding Human Capital, Ethics and HRM. Note: At least five Cases should be discussed in the class Books recommended: 1. Human Resource Management --Robert L. Mathis and John H. Jackson,. South Western College Publishing. 2. Human Resource and Personnel Management,--William B. Werther Jr. and Keith Davis, Singapore, McGraw hill publication, 3. Human Resource ManagementC.B. Gupta, Sultancvhand and Sons,6 th edition, 2005 4. Human Resource & Personnel ManagementK.Aswathapa, Tata McGrawHill Publication Ltd, 4th edition, 2005 5. Human Resource ManagementS.P.Robbins, Printice Hall Publication, 3rd edition, 1988 6. Human Resource PlanningBhattacharya, Excel Books, 1st edition, 2002

725 - Computer Applications

(Duration of End Semester Examination - 90 Minutes) Objective: The objective of this paper is to understand the basic knowledge of computers to proceed with the information technology adopted in the business

1. Anatomy of computer, Operating system concepts, Introduction to GUI and its Applications, Data hierarchy Software concepts & Terminology, Data communication, Computer networking & network topologies. 2. Introduction to IT and its development e-commerce virtual reality Role of IT in economy, image processing artificial intelligence remote conferencing, video conferencing e-mail working/process. 3. Internet and internet uses of Internet Hypertext markup language, web page, web server, websites web browsing, internet domains URLs IP addresses search engines, domain name services.

4. Introduction to DBMS : defining data base advantages of using a computerized database excel formulas & functions using excel worksheet as database. Note: At least five Cases should be discussed in the class Books recommended: 1. 2. 3. 4. 5. Computer Fundamentals P.K.Sinha, , BPB Publisher A First Course in Computer Sanjay Saxena, Vikas Publishing House Pvt. Ltd Computer Systems & Applications Rustam Shroff, Himalaya Publishing House Computer NetwareK.K.Koli, Nakoda publication & Print ltd Introduction to Computers N.Subramanium , Tata McGraw Hill Publication

726 Service Marketing

Objective: The objective of this paper is to understand of the various processes of services and the related strategies for establishment of services as a successful product.

1. Understanding Services: -Service Sector & Economic Growth, Service Concept - Service Characteristics-Classification of Services, -Challenges in Service Marketing 2. Marketing mix in service marketing (8ps) - Understanding service process, Service offerings core & supplementary product element -Price & other costs of services Place & time Service Delivery system -Promotion & customer education -People employees role in service Productivity and Quality -Physical Evidence in Services 3. Service from customers view point - Customer contact with service organization. Complaint Handling and service recovery -Balancing Demand and capacity. 4. Strategic Issues in Service Marketing -Service Positioning and Design-Service Differentiation 5. Marketing in the financial sector. major differences in marketing approaches between the financial and the non-financial sectors. key prerequisites for success in financial products & services marketing. Individualized marketing of various financial products and services. Note: At least five Cases should be discussed in the class Books recommended:

1. Service Marketing --Valarie A Zeithaml & Mary Jo Bither,Tata McGra

Hill Publication 2. Principles of SM & Mgt --- C.H. Lovelock & L.K. Wright , Prentice Hall Publication 3. Service Marketing -- Ravi Shankar , Excel Books 4. Service Marketing-- B.Balaji , S.Chand & Co .

(FS) III - SEMESTER

731 - Financial Products & Services
Objective : The objective of this paper is to provide knowledge about the different financial products and services that are available for a business organization.

1. INTRODUCTION Meaning, Nature & scope of Financial Services, Fund based and Fees based services. 2. FACTORING SERVICES Meaning, Concept and evolution of Factoring; Functions of a Factor; Types of Factoring; Factoring Vs Bills discounting; Advantages of Factoring: Forfeiting an overview. 3. LEASING & HIRE PURCHASE Meaning concept and agreement, types of leasing, advantages and disadvantages of leasing, financial evaluation related to Lease vs. Buy /borrow decisions, legal aspects of leasing; Lease vs. Hire-Purchase 4. VENTURE CAPITAL FINANCING Meaning, concept of VCF; Features of VCF ; Features. Need, Stages of financing, Exit routes; Role in the development of industry / economy. 5. SECURITISATION Meaning and features, operational mechanism, Advantages, Provisions of The Securitization Act 2002. 6. MARKETING IN THE FINANCIAL SECTOR - major differences in marketing approaches between the financial and the non-financial sectors. key prerequisites for success in financial products & services marketing. individualized marketing of various financial products and services. 7. Capital Structure : Meaning Factors Affecter, Capital Structure 8. Mergers & Acquisitions Valuation & Pricing Note: At least five Cases should be discussed in the class Books recommended: 1. 2. 3. 4. Khan M.Y., Financial Services. Banking & Financial Services: H.R.Machiraju, Merchant Banking & Financial Services: J.C.Verma. Lease Financing and hire Purchase, Merchant banking, Mutual Funds, Factoring and Venture Capital - Kothari, Vinod- Wadhwa & co. Pvt. Ltd. (Latest Edition) 5. Financial Services- Text, Cases & Strategies- P.Mohana Rao, R.L. Hyderabad- Deep & Deep Publication Pvt.Ltd.

732 - Banking Service Operations

Objectives: The objective of this paper is to have knowledge of banking laws, regulations and various banking products and services.

1. Introduction to banking and banking activities, Banking Regulation Act. 2. Industrial Financing Long-term and working capital finance; banker spreads, PLR, PTLR; Non-Fund Based Services deferred payment guarantees, guarantees for ECBs, demat services.

3. Retail Banking Basics of retail banking, forms of retail banking and emerging issues. 4. Credit Policy: Need for credit policy, components of credit policy, credit policy pursued by the govt. credit culture. 5. Corporate banking: The nature of corporate banking, developments in corporate banking, consortium finance, multiple banking arrangements and loan syndication. 6. Financing SMEs: Small scale industries, the Nayak committee recommendations, appraisal, monitoring and nursing of SSIs, institutional and infrastructural support to SSIs, time norms. 7. Fee based services: The fee based services of banks, letter of credit, bank guarantees, subsidiary services, off balance sheet activities, bank assurance. 8. Risk management in banks: types of risks, methods to handle the risk, CRR, SLR, capital adequacy requirements.

9. Rural finance and micro finance: Sources of rural finance & progress and distribution of
rural finance, rural finance mechanism credit delivery to rural financial agencies and banks, concept of micro finance groups and SHG credit linkages. Books recommended: 1. Banking & Finance Sector Reforms In India, Banerjee Amalesh, Deep & Deep Publication, 2001. 2. The Business of Banking- Lips Combe Geoffred, New Age International, IVth Edition, 2005. 3. Indian Banking System- Board of Editors 4. Role of nationalized banks in rural development, A.S. Rana, Shree publishers and Distributors, Delhi 5. Agriculture and NABARD, Tapan Shandilya and Umesh Prasad, Deep & Deep publications, Delhi 6. Rural banking VA Pai & Pananandikar, N C Mehta

733 Business Law

Objective: The objective of this paper is to understand the different laws , legal rules and regulations through which the business world is governed.

Legal Frame work 1. The Customs 1962. 2. Foreign Exchange Management Act 3. The Money Laundering Act. 2002.(penalties, contraventions and general features) 4. Laws related to insolvency 5. Information and technology Act 2000 (salient features and general aspects) 6. Competitions Act 2002 Contractual Relations and company regulations 1. The Indian Contract Act. 1872. 2. The Companies Act 1956 ( types of companies, prospectus, MOA, AOA, Prospectus, Shares, AGM, winding up of a company )

Property Rights: Intellectual Property 1. The Copyright Act, 1957. 2. The Patent Act. 3. The Merchandise Marks Act, 4. The Designs Act & Trade Marks Act. 5. International Conventions & UNO specifications Insurance 1. Carriage of goods Act. 2.. Multimodal Transport & Insurance Preferred Act 1. Security Contract act 2. Preferential Shares and Dividend Act Taxation 1. Sales Tax Central 2. Income Tax 3. Avoidance of Double Taxation (General features, penalties and agreement) Product Liability Transfer of Technology, International Contracts, Licenses Joint Ventures/ Consultations, Foreign Investment Laws, International Organizations, United Nations World Trade Organization Payments- Letters of Credit, Electronic Transfer,

Note: At least five Cases should be discussed in the class. Recommended Books
1 Tax man - Corporate laws, 2. Bharat - . Corporate laws 3. Bare Acts - Corporate laws BARE Acts with short notes (Latest Edition) for all relevant topics. Note: Parliament has mended many X during 2002. Therefore latest edition should be referred.

734 Security Analysis & Portfolio Management

Objective: The objective of this paper is to provide knowledge about the portfolio management of a company and its securities.

1. Introduction: Concept of Investment, Investment verses Speculation, Financial and Economic Aspect of Investment, Types, Characteristics and Objectives of Investment. 2. Risk Return: Concept of Risk and Return, Systematic and Unsystematic Risk, Multifactor model of Risk and return, Efficient capital markets, Concept of Beta, Capital Assets Pricing Model, SML and CML Valuations 3. Valuation of Securities An introduction to security valuation, Macroeconomic and Market analysis, The global asset allocation decision 4. Valuation of Bonds: PV Model, Bonds Yield, Measures Duration, Modified Duration, Immunization Conversely, Bond Value Theorem. 5. Security Analysis: Fundamental Analysis and Technical Analysis, Dow Theory, Elliott Wave Theory, Efficient Market Theories and Testing. 6. Portfolio Concepts: Portfolio and Security Returns, Diversification, Markowitz Model, Sharp Index Model. 7. Factor Models and Arbitrage Pricing Theory. 8. Portfolio Investment Process.

9. Portfolio Evaluation: Measures of Returns, Formula, Plans, Sharpe and Treynor Measures. Note: At least five Cases should be discussed within the class Books recommended: 1. V.K.Bhalla, Investment Management: Security Analysis and Portfolio Management, New Delhi, S.Chand and Sons, Sixth Edition, 1999 2. Donald E.Fisher and Ronald J.Jordan, Security Analysis and Portfolio Management, New Delhi, PHI Publication, 1998. 3. V.A.Avadhani, Investment and Security Markets in India, Bombay, Himalaya Publication, 1998. 4. Edwin J.Elton and Martin J.Gruber, Modern Portfolio Theory and Investment, Singapore, John Wiley and Sons, 1996. 5. Preeti Singh, Investement Management, Bombay, Himalaya Publications, 9th Edition, 2000.

735 Business Taxation

1. Income Tax Act : Important provisions (i) Basic Concepts : Assessment year, Previous year, Person, Income, Gross Total (ii) Income, Agricultural Income, Capital & Revenue - Receipts & Expenditure; Residential Status and Incidence of tax; tax free income. Income from Salaries: Meaning, Taxability of Allowances & Perquisites, Permissible Deductions, Treatment of P.F., Gratuity; Income from House Property: Computation of Annual Value & Deductions. iii) Income from Business & Profession : Basis of charge, scheme of provisions, Deductions allowed, Expenses allowed under restriction, Depreciation, double taxation. (iv) Overview of Income from Capital Gains & Other Sources. (v) Deductions allowed from Total Income, Rebates & Relief. (vi) Tax deduction at source, Advance Payment of Tax, filing of returns. 2. Central Sales Tax Act Important Provisions, Important definitions, Interstate Sale, Liability to Pay CST, Registration, Forms of declaration, Offences and penalties. 3. Service Tax Concept, Services covered, rates of service tax, filing of service tax returns. 4. Basics of VAT. Book Recommended: 1. Students Guide to Income Tax - Dr.V.K.Singhania, Taxmann. 2. Systematic Approach to I.T. Act & Central Sales Tax - Girish Ahuja - Bharat Law House. 3. Indian Income - Tax Law & Practice - Sukumar Bhattacharya. 4. Study Material of the Institute of Company Secretaries of India 5. Corporate Tax Planning - E.A.Shrinivas 6. Corporate Tax Planning - B.B.Goenka 7. Corporate Tax Planning - Tax Avoid Series - S.P.Dutta

736 Principles Practices & Regulation Of Insurance

Objectives: The objective of this paper is to have knowledge about life and general insurance sectors in India.

1. Life Insurance Introduction, Fundamentals of Agency Law, Life Insurance products,

Options, Guarantees and Risks, Computation of Premium/Bonus, Insurance Documents, Claims, Organization, Group Insurance & Pension Plans, Health Insurance, Insurance in Rural Sector, Financial Planning & Taxation, Regulatory Matters, Agent Procedure & Functions, Agency commission structure, Insurance salesmanship, Personal Development and Behavioral aspects.

2. General Insurance - Introduction to Insurance, Fundamentals / Principles of Insurance,

Insurance Documents, Theory and Practice of Rating, Legislative and Regulatory, Matters, Fire Insurance, Marine Insurance, Motor Insurance, Personal Accident Insurance, Health Insurance, Liability Insurance, Engineering Insurance, Miscellaneous Insurance 1& 2, Claims, Rural Insurances, Obligations of Insurers to the Social Sector, Risk Management, Personal Development, Behavioral Aspects, Miscellaneous Matters, Fundamentals of Agency Law, Procedure for Becoming an Agent, Functions of the Agent, Organization, Salesmanship. 3. Establishment of IRDA - Role of IRDA - Short title and commencement - Definitions - Issues and / or renewal of license - Qualification of Advisor, Training, Fee - Code of Conduct - Notifications - Role of Insurers to the Social Sector Books recommended: 1. O.S.Gupta, Life Insurance, Special Reference to LIC 2. Nalini Prava Tripathy & Prabir Pal Insurance- Theory and Practice, Prentice Hall of India Private Ltd., New Delhi 3. M.J. Methew Insurance- Principles and practice , R.B.S.A. Publishers, S.M.S. Highway 4. Modern Concepts Of Insurance M.N. Mishra , S.Chand and Company Ltd. Ram Nagar, New Delhi 5. R.M.Shritastava, Management of Indian Financial Institutions, New Delhi, Himalaya Publications, 7th Edition 2000.

737- Business Ethics And Environment

Objective:-To acquaint students with the practical application of the factors that affect business

1) Meaning of Business Environment - Business & Business Environment, Nature of Business in 21st century, Components of Business Environment, Stages of & Techniques for environmental analysis. 2) Economic Environment - Nature & Structure of Economy, Anatomy of Indian Economy, Economic Reforms, Economic Policies: - Industrial, Monetary & Fiscal Policies; SWOT Analysis of Indian Economy. Recent Developments in Business Environment of India: -Globalization- Meaning, scope, phases, indicators; Privatization & Disinvestment Mode, reasons, problems and Indian scenario; Foreign Investment. Case Studies. 3) International Business Environment:- Globalization- Meaning, scope, phases, indicators; WTO & GATT, Sub Prime Crisis, International Financial Markets and Indian Business, Capital account Convertibility, global capital flow paradox, Forex Reserve Management and its impact on Indian Business. Case Studies. 4) Business Ethics Social Environment and Business, Corporate Social responsibility, Corporate Governance, Technological development and its impact on various stakeholders of society. Case Studies. 5) Business and Nature: Economic development and Environment, market failure, Externalities, Economic solution to environmental problem. Ethical responsibility of Business towards nature. Case Studies. Text Books:1) Francis Cherullinum- Business Environment, Himalaya Publishing House, New Delhi 2) K. Aswathappa Essentials of Business Environment, Himalaya Publishing House, New Delhi 3) Mishra & Puri Economic Environment in India, Himalaya Publishing House, New Delhi 4) Justin Paul:- Business Environment Text & Cases, McGraw Hill Companies, New Delhi 5) Raj Agrawal - Business Environment, Excel Books, New Delhi Suggested Books:1) Dutt & Sundaram Indian Economy, S. Chand & Co. New Delhi 2) I.J. Ahluwalia & I.M.D. Little Indias Economic Reforms and Development, Oxford University Press, New Delhi. 3) E- Journals & Database: - EBSCO, INDIASTAT.COM, EIU.COM, CAPITAL LINE .COM

(FS) IV - SEMESTER

741 Investment And Merchant Banking

Objective: The objective of this paper is to have knowledge about financial services rendered by merchant bankers in India.

1. Introduction to merchant banking Origin, Meaning and concept, functions of and role merchant bankers, recent developments. 2. Regulation for merchant banking activities registration, code of conduct, obligations. 3. Public issue management : SEBI Guidelines and regulations. 4. Pre-issue and post issue management Obligations, requirements, operational guidelines. 5. Issue management intermediaries - Under writers, Registrars, Debenture Trustees, Portfolio managers, bankers and brokers to an issue. 6. Mergers and acquisitions Valuation, pricing, financing and corporate restructuring. 7. Credit rating Meaning and evolution, advantages to investor and company, methodology. 8. Project Appraisal - : Investment Bankers & Projects, Conceptualization of a Project Idea, Preliminary Feasibility Study, Project Report Preparation, Project Financing in India. 9. Loan Syndication: Origin and Trends Players in the Market The Basic Loan Structure Mechanics of Syndication Terms & Conditions Regulation of ECBs. Designing & Pricing of Instruments: Understanding Clients Requirements Evaluating Different Instruments Impact on Capital Structure Recent Innovations Designing Customized Instruments Pricing of Instruments Implications of Overpricing and Under pricing - pricing Practices in the market. 10. Depository Services - depository system, meaning, depository and depository participant, SEBI guidelines, Dematerialization of shares, dematerialization of shares, advantages of depository system. Note: At least five Cases should be discussed within the class Books recommended: 1. Merchant banking H.R. Machiraju, New Age International Publication 2. Merchant banking and financial services Dr. S. Guruswamy. Thompson Publication 3. Financial markets, Institutions and services N.K.Gupta and Monica Chopra, Anes student edition.

742 Commodity, Derivative & Price Risk Management

Objective: The objective of this paper is to have understanding of commodity derivatives, Markets, and Risk Management in pricing of the commodity .

1. Introduction to Derivatives Introduction to Derivatives, Meaning of Forwards, Futures, Options and Swaps, Difference between Sport and Futures Markets, Difference between Futures and Forward contracts, types of orders 2. History of commodity markets Evolution of commodity markets, Commodity markets of India 3. Commodity Futures in India and its Regulations Evolution of Commodity Futures in India, The Kabra Committee Report, Commodity Futures Markets: The

4.

5.

6.

7.

8.

Economic Perspective, Regulatory Framework Forward Contact Regulation Act, 1952, Forward Market Commission and its functions, Regulatory Measures evolved by the Commission, Proposed amendments to FC(R) Act, 1952. Why do we require National level Multi Commodity Futures Exchanges in India? Commodity Futures Meaning and Objective of Commodity Futures, Pricing commodity Futures: Factors affecting Cost of Carry, Investment and Consumption Commodities, Meaning of Basis and Spreads Basis, Basis Risk, Spread, Participants in Commodity Derivatives Hedgers, Speculators, Arbitragers. Advanced Concepts in Commodity Futures Heading:- What is Hedging? Hedge ratio, Buying Hedge or Long Hedge, Uses of Buying Hedge Strategy, Buying hedge with Basis Risk, Selling Hedge or Short Hedge, Uses of Selling Hedge Strategy, Selling Hedge with Basis Risk, Rolling Over of Hedge Position, Advantages and Limitations of Hedging Speculation. Option Markets - Types of options, uses of options, Payoffs from options, Trading strategies, Involving options Bull-bear, butter-Fly, calendar and diagonal spread, Straddles, stir rip and straps, Options valuation and pricing, over the counter exchange option, index options Future contracts : Introduction to futures markets, future contract and future trading, specification of the future contract, newspaper quotes, hedging using futures, Index futures, basics of stock index futures, interest rate futures, foreign exchange and currency futures, mechanism of future contracts, operations of margin, convergence clearing process, clearing house and clearing margins, hedging, difference between forward future Swaps: Introduction to swaps, basic swap structure, interest rate swaps, currency swaps, mechanics of swaps, transactions, swap options.

Recommended Books: 1. Redhead, Futures Pearson education Asia Publications, 1999 2. Robert A. Strong, Derivatives: An Introduction Thompson publications, New Delhi, 2000 3. Robert W. Kolb, Understanding Futures PHI Publications, New Delhi,2000 4. Robert W. Kolb, Understanding Options PHI Publications, New Delhi, 2000 5. John C. Hull Options, futures and other derivatives Pearson education Asia, 4th edition, 2001

743 - International Financial Markets & Forex Management

Objective: The Objective of this paper is to have knowledge of international financial flows and its impact on exchange rate. 1. Introduction International Trade , its importance, Theory of international Trade Classical Theory- Theory of Absolute Advantage and Comparative Costs, Barriers to Foreign-Trade -Tariff Barriers and non Tariff Barriers. 2. Balance of Payment-Meaning of BOP, Components of BOP, importance of BOP, Meaning of Deficit and Surplus, Equilibrium, disequilibrium and adjustments, method of correcting disequilibrium. 3. Exchange monetary systems. The gold standard, the Bretton Woods system. The flexible exchange rate system. 4. Exchange rate Determination : Equilibrium Rate of Exchange, Purchasing Power parity Theory, Demand and supply Theory of exchange rate and BOP Theory, factors affecting exchange rates.

5. Foreign Exchange Markets- Defining Foreign Exchange markets, its structure settlement system, Understanding SPOT and forward rates, Foreign Exchange quotations, premium and discount in forward market, cross rates inverse rates and arbitrage. 6. Economic Policy and fixed exchange rate/floating exchange rate, Capital mobility and exchange rate, fixed vs . Floating exchange rate. 7. Foreign Exchange Management in India , Forex Reserves and its uses, Exchange control objectives, methods, Exchange Control in India.

Books Recommended 1 V.A. Avadhani, International Finance, Himalaya Publications, 4th Edition, 2 P.G. Apte, International Financial Market Tata Mc Graw Hill, 2 nd Edition, 3 A.K. Seth, International Financial Management Galgotia Publications, 2008. 4 V.K. Bhalla, International Financial Management, Anmol Publications, 2nd Edition 5 Maurice D. Levi, International Finance, New York, McGraw Hill 3rd Edition, 6 Ian H. Giddy, Global Financial Markets, Delhi AITBS Publication 7 John Holland, International Finance Management, Oxford, Blackwell Publication, 8 Madhu Raj-International Financial Management-Excel Books, New Delhi. 9. Joseph Daniels and David Varihoose, International Monetary and Financial Economics

744 Quantitative Techniques And Forecasting

1. Differentiation of a function: Application of differentiation in Economic and Managerial problems like Revenue, Cost, Demand, Supply Functions, Elasticities and Maxima and Minima. 2. Integration of a function: Application of Integration in Economic Problems, Consumers and Producers Surplus. 3. Meaning and Methodology of Econometrics-Nature and Scope Econometrics. The Nature of Regression Analysis and Basics of Two-Variable Regression Analysis. Estimation and Hypothesis Testing. 4. Basic concepts of Business Forecasting and Planning, Fundamentals of Business & Business Environment, Nature of business in 21st Century, Components of business Environment, Stages and Techniques for Environmental Analysis. Quantitative Forecasting; Criteria for Evaluation: ME, MAD, MSE, RMSE (SDE), PE, MPE, MAPE, Theils U - Statistic; Introduction to Qualitative & Technological Forecasting. 5. Methods of Business Forecasting; Quantitative Approach-Naive Method, Single and Double Moving Averages; Single exponential smoothing, ARRSES, Double exp. smoothing (Brown's one parameter & Holt's two parameters Methods). Trend Analysis - Linear, Semi-Log, Exponential and Logistic Models. Regression and Introductory Box-Jenkins (ARIMA) Methods. 6. Qualitative & Technological Methods of Forecasting: Subjective Assessment Methods - Jury of Executive Opinion, Sales force Composite Methods, Formal Surveys & Market Research - Based Assessments, Subjective Probability Assessments. Exploratory Methods - Scenario Development Methods, Delphi, Cross-Impact Matrices, Curve Fitting, Analogy Methods, Morphological Research, Catastrophe Theory, Normative Methods - Relevance Trees, Introduction to Systems Dynamics Books Recommended:
1. Maddala, G.S. - Econometrics Tata Mc Graw Hill

2. Gujrati Basic Econometrics 3. Makridakis, Wheelwright and Mc Gea (1983), Forecasting: Methods and Applications, John Wiley & Sons. 4. John E. Hanke & Dean W Wichern - Business forecasting Pearson education 8 th edition

745 Strategic Financial Management

The course is to acquire the student with the Strategic Finance Management decision meaning process at the different levels In an organization. The case method as when as adequate theoretical input is necessary to prepare the student for this shift from the academic to rear business world. Accordingly considerable input of practical models and cases reflecting actual business situations is to be taken up in classroom. Course Contents : 1. Strategy Concepts : Definition and meaning by various schools Strategic Planning and long range Business Planning graduation from operational to policy to Strategic decision making. 2. Working Capital Strategic : Industry variation and seasonal fluctuations in working capital management of current assets and current (assessment risk class approach ageing schedule) etc. liabilities, treasury operations. 3. Matrix Methods for Strategic Decisions : SWOT and pestle analysis and their applications, BCG, McKinley other directional policy matrices. 4. Basic Strategic Models : Fit concept and porters generic strategic stretch concert and recommendations of Gary Hamel and C.K. Praihad core competencies recommendations of Sumantra Ghoshal and Steven covey for meaning in a changing environment. 5. Organizational Strategic : Generic Strategy Alternatives (i) Stability (ii) Retirement as a Strategic option : need choice and stages (iii) Growth Strategic : Vertical and Horizontal growth organic and inorganic methods take over methods identification of target resisting take over turn around financial analysis at each stage. Books Recommended: 1. Strategic Management Upendra Kachre- Excel Book 1st Edition 2005 2. Strategic Management - Hachiraja

746 Major Research Project

The MRP shall comprise of individual & original research by a student under the guidance of a faculty member on a topic which shall preferably relate to an area of his interest/ specialization. Research here construes either or both of the following: 1. Research based on Primary or Secondary data. 2. Study based Research, wherein a researcher must exhibit in depth knowledge of the chosen topic. The MRP shall carry a weight of four credits and shall be awarded grades A / B/ C/ D/ F. Prior to submission of final report, the students have to prepare their Synopsis with due consultation of their respective guides. Topic or guide once finalized will not be changed. Only those students would be allowed to submit their final MRP, who maintain regularity in their attendance and remain in constant touch with their respective guides. The students have to strictly follow the following pattern of their Synopsis and MRP.

Format of synopsis 1. Title 2. Introduction 3. Review of literature 4. Objectives 5. Methodology Format of thesis 1. Title 2. Introduction 3. Review of literature 4. Objectives 5. Methodology 6. Analysis of data / text 7. Findings, suggestions and implication of the study 8. Bibliography Schedule- The schedule would be strictly followed.
Task
Submission of topic to the Course Coordinator Submission of Synopsis Submission of Thesis MRP Viva

On or before
September 30, 2008 October 31, 2008 March 31, 2009 End Semester Exams (IV semester)

DEVI AHILYA VISHWAVIDYALAYA, INDORE Ordinance No. 157

1. Degree Title
2. Name of Faculty 3. Duration of Course 4. Eligibility : Master of Financial Services (MFS):MBA (Financial Services) Faculty of Social Science Two Years (Four Semesters) Graduate in any discipline from any recognized University with at least 50% marks in aggregate. Common Entrance Text conducted by Devi Ahilya Vishwavidyalaya, Indore. 50 As decided by Devi Ahilya Vishwavidyalaya As per Ordinance -31 of Devi Ahilya Vishwavidyalaya, Indore

: : :

5. Admission Procedure

6. Total Seats 7. Fee Structure

: :

8. Examination

Eligibility for degree:

A candidate shall be eligible for degree of MFS (master of financial services) - MBA (Financial Services) when he/she has completed all the requirements of examination as provided in the relevant ordinance.

Attendance requirement:
A candidate should have at least 75% attendance in theory & practical separately, in exceptional cases it can be relaxed as per existing rules.

General instructions and specific provisions

For matters not covered in this ordinance General rules of Devi Ahilya Vishwavidyalaya, Indore as provided in the relevant ordinances shall be applicable. In other matters Executive Council of Devi Ahilya Vishwavidyalaya, Indore shall be competent to take decisions.

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