B.A.

DEGREE COURSE IN CORPORATE ECONOMICS

(With effective from the academic year 2012-2013)

Paper Title Semester Credit

1. Fundamentals of Economics - I I 4

2. Monetary Economics – I I 4

3. Fundamentals of Economics - II II 4

4. Monetary Economics – II II 4

ALLIED SUBJECTS
(Any two Subjects)
Paper Title Semester Credit
1. Strategic Management & Corporate 5
Planning – I

2. Strategic Management and Corporate 5

Planning – II

3. Financial Administration - I 5

4. Financial Administration - II 5

5. Entrepreneurial Development - I 5

6. Entrepreneurial Development - II 5

7. Marketing – I 5

8. Marketing – II 5

Total 20
Credits
 (4 x 5)

THIRD SEMESTER
Max. Marks

Inst.Hrs

Credits

Exam
Course

Hrs
Subjects Ext. Int.
Component Total
Marks marks
Part I Language Paper III 6 3 3 75 25 100
Part II English Paper III 6 3 3 75 25 100
Part III
Paper V – Cost and
Core 5 4 3 75 25 100
Management Accounting - I
courses
Paper VI – Principles and
5 4 3 75 25 100
Practices of Management - I
Allied
Allied Paper - III 6 5 3 75 25 100
Subject
Part IV Soft Skill - III 3 3 60 40 100
Examination will be held
Part IV Environmental Studies 2
in IV semester

FOURTH SEMESTER

Max. Marks
Inst.Hrs

Credits

Exam

Course
Hrs

Subjects Ext. Int.

Component Total
Marks marks
Part I Language Paper IV 6 3 3 75 25 100
Part II English Paper IV 6 3 3 75 25 100
Part III
Paper VII – Cost and
Core 5 4 3 75 25 100
Management Accounting - II
courses
Paper VIII – Principles and
5 4 3 75 25 100
Practices of Management - II
Allied
Allied Paper - IV 6 5 3 75 25 100
Subject
Part IV Soft Skill - IV 3 3 60 40 100
Part IV Environmental Studies 2 3 75 25 100
 FIFTH SEMESTER
Max. Marks

Credits
Exam
Inst.
Course

Hrs

Hrs
Subjects Ext. Int.
Component Total
Marks marks
Part III Paper - IX –Macro
4 4 3 75 25 100
Core courses Economics - I
Paper X – Managerial
4 4 3 75 25 100
Economics - I
Paper XI – Public Finance 5 4 3 75 25 100
Paper XII – Statistical
5 4 3 75 25 100
Methods
Project (at VI
Semester) or
Elective Paper - I 6 5 3 75 25 100
Three
Electives
Part IV Value education

SIXTH SEMESTER
Max. Marks
Inst. Hrs

Credits

Exam
Course Hrs
Subjects Ext. Int.
Component Total
Marks marks
Part III
Paper - X III–Macro
Core 4 4 3 75 25 100
Economics - II
courses
Paper XIV – Managerial
4 4 3 75 25 100
Economics - II
Paper XV – Indian
Economy and Economic 5 4 3 75 25 100
Reforms
Project or
Elective Paper - II 5 4 3 75 25 100
Electives
Elective Paper – III 6 5 3 75 25 100
Part V Extension Activities

List of Elective:
1. Financial Markets Basic
2. Basic Financial Accounting
3. International Economic
4. Environmental Impact of Corporate Growth
5. Industrial Organisation
6. Fundamentals of Operational Research
List of Allied:
Set I

1. Strategic Management and Corporate Planning-I

2. Strategic Management and Corporate Planning-II

Set II
1. Financial Administration-I
2. Financial Administration-II

Set III

1. Entrepreneurial Development I
2. Entrepreneurial Development II

Set IV

1. Marketing-I
2. Marketing-II
*****
 SYLLABUS

I SEMESTER

Core Paper : 1 FUNDAMENTALS OF ECONOMICS I

UNIT I

Definition and scope of Economics – Difference between Micro and Macro

economics – Inductive and deductive methods – Positive and normative
economics – Static and dynamic economics – Partial and general equilibrium

UNIT - II

Utility analysis - Demand and supply - Elasticity of Demand - Consumer’s

surplus

UNIT - III

Indifference Curve analysis of Hicks – Giffen goods vs inferior goods – Revealed

Preference theory (concept only) - Hicksian analysis

UNIT - IV

Theory of firm and corporate firm - Production function – Neo-classical - Leontief

– Law of variable proportions - Returns to scale

UNIT - V

Cost analysis – Revenue analysis – Derivation of Average Revenue and

Marginal Revenue from Total Revenue – Elasticity – Theories of price
determination in Corporate firms.
Core Paper : 2 MONETARY ECONOMICS - I

UNIT - I

Money – Functions and classification – Greshams Law - Role of money in

capitalist, Socialist and mixed economies

UNIT - II

Value of money – Index numbers – Fishers equation – Cambridge equation –

General evaluation of the quantity theory of money

UNIT - III

Monetary standards – Paper currency – Systems of note issue – Indian currency

system – Development and problems

UNIT - IV

Factors influencing money supply – Money supply and price level – Keynesian
approach – neutrality of money – Classical dichotomy – Real balance effect -
Friedman’s re-statement of quantity theory

UNIT - V

Inflation – Causes, types and remedies - Effects of inflation on different sections

of the economy - Trade off between inflation and unemployment
Core Paper : 3 FUNDAMENTALS OF ECONOMICS II
UNIT I
Perfect Competition – Monopoly – Discriminating monopoly - Pricing policies of
public sector undertakings

UNIT II

Imperfect competition – Oligopoly – Duopoly – Wastes of Monopolistic

competition

UNIT III

Distinction between personal and functional distribution – Theories of distribution

– Distributive shares – Marginal productivity theory – Wages theories – Real and
money wages – Trade union

UNIT IV

Rent – Ricardian theory – Scarcity and differential rent - Modern theory of rent –
quasi and transfer earnings – Profits – Distinction between gross and net profits
– Theories of profits – Break-even analysis

UNIT V

Interest – Classical theories of interest – Loanable funds theory -Keynesian

criticism – Liquidity Preference theory.
Study Material :
1. Bell & Todaro - Economic Theory
2. Dewett K.K. - Modern Economic Theory
3. Dominic Salvatore - Micro Economics (Schaum Series)
Books for Reference
1. A. Ashimakopoulos - An introduction to Economic theory – Micro Economics
2. Dominic Salvatore & Diulio, E.S. - Principles of Economics (Schaum Series)
3. Joan Robinson & Eatwell - Introduction to Economic Theory
4. Leftwitch - Price system and resource allocation
5. Lipsey & Steiner - Economics
6. Mc Connel & Gupta - Economics
7. Richard A Bilas - Micro economic Theory
8. Sameulson - Economics
9. Stonier & Hague - Text book of Economic theory
10. Watson, D.S. - Price theory and its uses
Core Paper : 4 MONETARY ECONOMICS - II
UNIT - I

Commercial banking – Types – functions – The process of credit creation, purpose and
limitations – Liabilities and assets of banks

UNIT - II

Nationalization of banks – A critical appraisal of the progress of commercial banking

after nationalization – Recent reforms in banking sector in India

UNIT - III

Central Banking - Functions of a central bank – Quantitative and qualitative methods of

credit control – Efficiency and limitations

UNIT - IV

Functions of Reserve Banks of India – its role in agricultural and industrial development
– RBI and credit control - Objectives and limitations – RBIU and monetary policy

UNIT - V

Euro currency – Meaning and scope - Important features of the market – Origin and
growth - An evaluation of the currency.

Study Material :

1. Basu, C. R. - Central banking in a planned economy

2. Chandler, L.V. - Economics of money and banking
3. Clower (ed) - Monetary theory
4. Crowther, G - An outline of money
5. Gupta, G.P. - Monetary policy of the Reserve Bank of India
6. Gupta, S.B. - Monetary Economics
7. Kurihara, K - Monetary theory and public policy
8. Milton Friedman - Studies in quantity theory of money
9. Seth, M.L. - Money, Banking and International Trade
10. Sen, S.N. - Central Banking in underdeveloped countries
11. Sankaran, S - Monetary Economics
12. Narendra Jadav - Monetary Economics for India
13. Vaish, M.C. - Monetary theory
 ALLIED SUBJECT
[Any FOUR subjects to be offered in I and II year]
Paper : 1 STRATEGIC MANAGEMENT AND CORPORATE PLANNING – I

UNIT - I
Corporate strategy and policy - Strategy – Missions – Objectives and goals –
Kinds of strategies

UNIT - II

Strategic Management Process – Its Framework – Corporate planning – Systems

Approach – Long range planning – Strategic management

UNIT - III

SWOT analysis – Environmental analysis – Taxonomy of environment -

Assessing the impact of Opportunities - Environment and strategic interface

UNIT - IV

Competitive analysis – competitive advantage – Generic strategies – Internal

corporate analysis – Criteria – Strengths and weakness – Synergy

UNIT - V

Strategic Analysis : Cost dynamics – Cost and size – Experience curve -

Relative cost advantage and competitive strategy – Portfolio Analysis
Paper : 2 STRATEGIC MANAGEMENT AND CORPORATE PLANNING – II

UNIT - I

Display matrices – BCG growth share Matrix – Hofer’s product / market evolution
matrix – Operating and financial analysis – Pareto analysis – Frontier Curve

UNIT - II
Strategic choices – Generic strategic alternatives – Management forces and
strategy – Diversification – Types of Corporate diversification activity in India

UNIT - III

Mergers and acquisitions – Screening – Assessing – Valuation – Implementation

of strategy – Challenges of change - Strategy and structure – Strategy and
leadership evaluation and control of strategy

UNIT - IV

Strategy and technology - Technology management – Technology forecasting –

In-house development - R & D - Acquisition and absorption

UNIT - V

Strategy and social audit – Future of Social auditing – Corporate failures - Turn
around management - Turn around process

Study Material :
1. Jaich, Lawrence, R
and William F Gluck - Strategic Management and Business policy
2. rue, Leglic W. Phyllis
& Holland G - Strategic Management concepts and
Experience
3. Pearce II John A &
Richard B. Robinson Jr. – Strategic Management : strategy,
formulation and implementation
4. Bhattacharya, S.K. &
Venkataraman, N. - Managing Business Enterprises :
Strategies, Structures and systems.
5. Khandwala, P.N. - Design of Organization
 Paper : 3 FINANCIAL ADMINISTRATION I
UNIT - I

Meaning – Definitions and scope of finance function - Objectives and goals of

finance management – Functions of finance and other functional areas - Profit
maximization – Return of investments and wealth maximization

UNIT - II

Financial statements – Managerial uses – Importance of Ratio analysis – Types

of ratios - Advantages and limitations of ratios
UNIT - III

Management of working capital – Meaning of working capital - Need for working

capital – Types of working capital – Determinants of working capital – Sources

UNIT - IV

Meaning of portfolio management – Importance – Investment criteria – Problems

of Portfolio management – Principles

UNIT - V

Sources of short term funds - Meaning – need – Various sources – Long term
sources of funds – The need and sources
 Paper : 4 FINANCIAL ADMINSITRATION II

UNIT - I

Budget and budgetary control – Meaning and objectives - Fiscal federalism in

India – Budget and plan co-ordination

UNIT - II

Budget making – its process – Pre-budget exercise – Execution of Budgets

UNIT - III

Legislative approval of the budget – Estimates committee - Public Accounts

committee - Controller and Auditor General of India – Appointment – Powers

UNIT - IV

System of Government accounting - Standardized system of budget

classification – Federal machinery in developing countries

UNIT - V

Public debt management – Debt of Union government and state government –

Public debt and budget financing

Study Material :
1. Thavaraj, M.J.K. - Financial Administration of India
2. Premchand, A. - Control of Public Means – Fiscal machinery
In developing countries
Paper : 5 ENTREPRENEURIAL DEVELOPMENT - I

UNIT - I

Meaning of entrepreneur – Theories – Classical – Neo Classical – Schumpeter’s

innovations theory

UNIT - II

Role and importance of Entrepreneurship – Character of entrepreneur –

Relationship between entrepreneur, Entrepreneurial and Entrepreneurship -
Functions of entrepreneur – Types of entrepreneurs – Classification of
entrepreneur

UNIT - III

Evolution of Indian entrepreneurship – Ideology of Mahatma Gandhi on

entrepreneurship – Role of entrepreneurship in Economic development - Role of
Government and non-government organization policies and programmes on
entrepreneur development – Industrial policy

UNIT - IV

Small scale entrepreneurs – Small scale industries and Indian economic

development – Small scale industries and entrepreneurial development –
Concessions – Incentives and subsidies to Small scale industries – SIDBI

UNIT - V

Project appraisal – Classification of projects – Project appraisal – Formation of

business idea - Contents of Project Report.
Paper : 6 ENTREPRENEURIAL DEVELOPMENT – II

UNIT - I
Women Entrepreneurs – Definition – Problems of women entrepreneurs –
Opportunities of women entrepreneurs – Future of women entrepreneurs – Rural
entrepreneurship - Definition – Problems – Remedies – Marketing – Future of
rural entrepreneurs

UNIT - II
Management - Business analysis – Evaluation of Marketing - Forecasting
techniques – Market structure – Classification of goods and services – Inventory
Management

UNIT – III
Financial analysis – Break-even analysis – Sources of finance – Financial
institutions – Problems and remedies – Role of commercial banks.

UNIT - IV
Entrepreneurial Development programmes in India – EDP Cell – District
Industries Centre – KVIC – DRPA - JRY – SISI – SIDCO- NABARD.
Study Materials

UNIT - V
Entrepreneurial development in Tamil Nadu – State Financial corporation -
SIPCOT – ITCOT – SIDCO - Industrial policy and entrepreneur development
Study Material :
1. Bhattacharya, H - Entrepreneurial Development
2. Gupta, C.B. & Srinivasan, N. P - Entrepreneurship Development in India
3. Jayashree Suresh - Entrepreneurial Development
4. Kuldeep Mathus, A.P. - Entrepreneurship Development under TRYSEM
5. Misra, P.N. - Development Bank and new entrepreneurship in India.
6. Rao, S.K. - Entrepreneurial Development in India
7. Saravanavel - Entrepreneurial development
8. Tandon, B.C. - Environment and Entrepreneur
9. Cassion Mark - The Entrepreneur
10. Heggade D Odeyar - Women and economic development
11. Shirty Dev - Women’s Occupational Mobility
12. Taut P Richard and Dorisl Taut
-Entrepreneurship in India’s small scale industries
13. NABARD’s publications.
Paper : 7 MARKETING - I

UNIT - I

Nature, scope and significance of marketing – Evolution of marketing – Basic

concepts of marketing - Different types of markets - Modern marketing -
Marketing environment

UNIT - II

Functions of marketing – function of exchange – Function of physical distribution

– Storage and warehousing – Transportation – Different modes of transport –
Roadways, railways, waterways and airways – Choice of transport.

UNIT - III

Facilitating function – Grading and Standardization - Branding, packaging and

labeling – Marketing information system - Marketing research – Marketing risk -
Marketing finance.

UNIT - IV

Product – New product – Product planning and development – Product Life Cycle
- Marketing of manufactured goods – Manufactured consumer goods –
Manufactured industrial goods – Their classification – Characteristics and
channels of distribution.

UNIT - V

Marketing of agricultural products - Regulated and organized market – Co-

operative marketing bodies.
Paper : 8 MARKETING - II

UNIT - I

Consumer and marketing – Consumer movement – Consumerism – Consumer

co-operatives and Consumer councils.

UNIT - II

Price – Pricing objectives and price determination – Basic methods of setting

prices – Pricing strategies and policies – Pricing strategy of new products.

UNIT - III
Marketing structure – Wholesalers and retailers – Basic wholesaler distribution
structure – Functions and services of wholesalers – Retail distribution – Basic
retail structure - Large, Medium and Small scale retail institutions – Super
markets – Departmental and chin stores.

UNIT - IV
Promotional programme - Promotional mix - Advertising and other sales
promotion efforts – Social and economic effects of advertising – Planning and
knowledge of advertisements – Advertising media and agencies - Advertising
budget.
UNIT - V

Personal selling – Salesmanship – nature and functions of salesman –

Recruitment and training of salesman – Advertisement and salesmanship -
Sales force management – Evaluation of salesmanship - Sales organization and
selling methods.

Study Material :
1. Ramaswamy & Ramakumari - Marketing Management
2. Nag - Marketing Strategy
3. Converse, Huegym, Mitchell - Elements of Marketing
4. Mamoria & Joshi - Principles and practice of
Marketing in India
5. Moore, Joshi & Khusro - Indian Food grain Marketing
6. Saxena & Nigam - A study of Marketing in India
7. J.C. Sinha - Principles of marketing and
Salesmanship
8. tousely, Clark & Clark - Principles of Marketing
9. William J. Stanton - Fundamentals of Marketing
 III SEMESTER

CORE PAPER V: COST AND MANAGEMENT ACCOUNTING - I

UNIT - I
Cost Accounts - Meaning, Scope and Objectives of Cost Accounting.
UNIT - II
Different types of costs - Material costs - Labour costs and overheads - preparation of cost
sheet.
UNIT - III
Methods of costing - Job, Batch and contract costing - Process Costing - Operating costing
- Reconciliation of cost and financial accounts.
UNIT - IV
Costing for control - Budgetary control - Meaning, advantages and limitations of
Budgetary control - steps in Budgetary control - Fixed and Flexible Budgeting.
UNIT - V
Standard costing - Application of standard costing - Analysis of variances, cost audit -
scope, Techniques and advantages of cost audit.

BOOKS FOR REFERENCE:

1. Shukla and Grewal :"Cost Accounts - Text and problems", S. CHand & Co. New
Delhi,
2. Maheswari and Mittal :"Cost Accounting", Shree Mahavir Book Publishers, New
Delhi,
3. Khanna, Pande and Ahuja :"Practical Costing, Sultan, Chand & Co., New Delhi, 1990
4. Gupta S.P.: "Management Accounting", Sahitya Bhavan, Agra, 1995
5. Man Mohan and Goyal : "Management Account", Sahitya Bhavan, Agra, 1996
6. Hingorochi, Ramanthan & Grewal :"Management Accoiunting", Sultan
Chand & Co.,
 CORE PAPER VI: PRINCIPLES AND PRACTICES OF MANAGEMENT – I

UNIT – I

The Society – Need for business – Economics of business – Business and Management – the
Management os Organisation - The caring role of business and its concern for society –
Cases.

UNIT – II

Creation of Organisaton – Goals at Different levels – differences in goal preparation –

Changing Goals – Orientation towards future – Causes. The individual and Organisation –
Needs satisfaction outside the business organization – Responsive and Unresponsive
organization – Responsive organization and individual goal – cases.

UNIT – III

The Management process – Components of management – Study of Management –

Management Principles – Creative process and its importance – Creativity and Conformity
– Goal Setting – Plans for goal management - Planning departments – Lenngth of Planning
period – Evaluation the success of plans – quantitative tools in planning –cases.

UNIT – IV

Fundamentals of organization – Types of departmentation – Span of Management –

Informal Organization – Employee motivation – Management by objectives – Continuing
challenge of motivation – Process of communication – involuntary communication – Cases.

UNIT – V

Controlling Process –Steps in controlling – Setting Standards - Making standard

measurable – Performance Measurement – Corrective Action – Specific Control
Techniques – effects of control on Employees behavior – Gaining acceptance of controls –
cases.
 CORE PAPER VII: COST AND MANAGEMENT ACCOUNTING - II

UNIT - I

Management accounting - Definition, Scope, Objectives - Advantages and Limitations of

Management accounting - Distinction between financial, cost and management accounting.

UNIT - II

Marginal Costing - Meaning and Significance - Role of contribution - Application of

marginal costing, Marginal costing - Meeting

UNIT - III

Cost - Volume - Profit Relationship - Break Even Analysis - Graphical representation.

UNIT - IV

Fund flow and Cash flow Analysis - Meaning of the term "Fund" - Flow of Fund -
preparation of fund flow state - Advantages and limitations of fund flow statement.

UNIT - V

Preparation of cash flow statement - Merits and limitations of cash flow statement - Merits
and limitations of cash flow statement - Distinction between fund flow and cost flow
statements.

BOOKS FOR REFERENCE:

1. Shukla and Grewal - Cost Accounts - Text and Problems

2. Maheswari and Mittal - Cost Accounting
3. Khanna, Pande and Ahuja - Practical Costing
4. Gupta S.P. - Management Accounting
5. Man Mohan and Goyal - Management Accounting
 CORE PAPER VIII: PRINCIPLES AND PRACTICES OF MANAGEMENT –II
UNIT – I
Planning by Production – Product design – Plant location –Plant layout – Scheduling – Product
inspection – Finance and sources of funds – Cost of capital – Capital budgeting – Manpower
planning – Recruitment – selection, training and development - Cases
UNIT – II
Management information system – Unified information – Formal and informal information
system – The data processing department – Marketing process – Marketing segmentation –
Consumer study and evaluation – Cases.
UNIT – III
The process of budgeting – Importance of budgeting in a business organization – Steps in
budgeting – Budget in its form – The review process – Appraisals – Re-engineering the process –
Cases.
UNIT – IV
Management and trade unions – Trade unionism in the competitive environment – Legal
environment and trade unions – Employees participation in management – Cases.
UNIT - V
Business and non-business organizations – Characteristics of non-business organizations –
Managing non-business organizations – Leading issues in management of non-business
organizations – Cases – Management and environment issues – Business ethics – Codes of ethics
– corporate social responsibilities – Concern for the environment – Natural, Physical and social
environment – Challenges of the future - Cases
Books for Reference:
1. Herbert G Hicks/C.Ray Gullet : Modern Business Management, McGraw Hill.
2. Koontz H & Weithrich H : Management
3. Koontz H & O’Donnel C : Principles of Management – An analysis of
managerial function, McGraw Hill.
4. James Stoner & R.E Freeman : Management, Printice Hall, New Delhi.

5. Basu C R. : Organisation and Management, S.Chad & co

6. Khan M.B.A : Understanding Management through cases, Discovery
Publishing, New Delhi.
 CORE PAPER IX: MACRO ECONOMICS - I

UNIT - I

Nature and scope of macro Economics - Micro and Macro economics - circular flow of income -
Two sector model.

UNIT - II

National income - GNP - NNP - Personal Income - Disposable Income - Real Income - Per
capita Income - Measurement - Uses - Social Accounting.

UNIT - III

Classical Theory of Employment and Income - Say’s Law of market.

UNIT - IV

Consumption Function - Meaning - Keyne’s Psychological Law of consumption Determination,

measures to raise consumption function

UNIT – V

Investment Function - Meaning - Types - Determinants of Investment - MEC – MEI- Simple

Keynesian model of income and employment determination.
 CORE PAPER X: MANAGERIAL ECONOMICS - I

UNIT - I

Introduction - Definition of the Subject - Scope of the Subject - the Central concept of
Managerial Economics - Relationship of Managerial Economics with other Disciplines -
Significance of the Subject - Decision making and Forward Planning - Discounting Principle -
Opportunity cost - Equi-managerial Principle.

UNIT - II

Firm objectives and the Role of Managerial Economist - Profit Maximization - Sales
Maximisation - Sales Maximisation - Other objectives - Role of Managerial Economist -
Importance of Environmental Studies - Business Operations.

UNIT - III

Demand forecasting techniques - Meaning - Types of Forecasting - Objectives and purposes -

Approach to Forecasting - Methods of Forecasting - Features of Good Forecast - Forecasting for
durable and capital Goods - Advantages of Forecasting.

UNIT - IV

Break - Even Analysis and Cost Control - Meaning - BEP - Determination in terms of physical
units and Sales value - Assumptions of BEP Analysis - Usefulness and Limitations - Techniques
of cost control - Cost Control and Cost Reduction - Optimum Firm.

UNIT - V

Pricing methods - Objectives and Role of Pricing - Marginal Cost Pricing - Average Cost
Pricing - Cost plus pricing - Pricing in Public Utilities - Pricing of Joint Products - Pricing of
New Product Legal Constraints in Pricing.
 CORE PAPER XI: PUBLIC FINANCE

UNIT - I

Meaning and scope of public finance - Distinction between private and public finance - Role of
government – Need for Government activity.

UNIT - II

Public expenditure - Classification - Causes – Public and Private Expenditure comparison –

Principles of Public Expenditure - Effects of public expenditure

UNIT - III

Public revenue sources - Distinction between tax revenue and non tax Revenue - Taxation -
Meaning - Sources of taxation - Classification of taxes - Characteristics of a good tax - Canons
of taxation - Theories of taxation - Impact and incidence of taxation - Effects of taxation -
Taxable capacity

UNIT - IV

Public Debt – Classification of Public debt - Sources Public debt – Public Debt and Private Debt
- Effects of public debt - - Repayment of Public debt - Management of public debt.

UNIT - V

Budget – Budgetary Procedure – Preparation, enactment and Execution of the Budget. Deficit
financing - Meaning - Objectives - Role of deficit financing in India - Fiscal policy - Objectives
and instruments.

Books for Reference:

1. Tyagi, B.P. - Public Finance
2. Sankaran .S. - Fiscal Economics
3. Sundaram K.P.M. - Fiscal Economics
4. Cauvery and Others - Fiscal Economics
5. Bhargava R.N. - Indian public finance.
6. Bhatia - Public finance
7. Chellaih.R. - Fiscal policy in under developed countries.
8. Dalton.H - Principles of public finance.
9. U.R..Hicks - Public finance
10. Musgrave and Musgrave - Theory and practice of public finance
 CORE PAPER XII: STATISTICAL METHODS

UNIT -I

Nature - Significance and limitations of statistics - collection, classification, types and tabulation
of data - Sampling - methods of sampling, use of sampling in business. - Diagrammatic graphic
representation.

UNIT - II

Measures of central tendency - Arithmetic Mean, Median mode, Marmonic mean and Geometric
mean.

UNIT - III

Correlation - Limits of Co-efficient of correlation - calculation of co-efficient of correlation -

Rank Correlation co-efficient - Regression - Two variable linear regression - meaning -
Regression lines and regression co -efficient.

UNIT - IV

Index numbers - Unweighted indices - Weighted indices - Tests of adequacy - Consumer price
Index. Time Series Analysis - components - Trend analysis - Measurements of secular and
cyclical Variations.

UNIT - V

Probability Analysis -(simple problems) - Addition and Multiplication Theorem - Conditional

Probability - Bayes theorem (without proof), Binomial, poisson and Normal distribution).

Books for Reference:

1. Gupta S.P.: Statistical Methods, Sultant Chand & Co. New Delhi, 2001.
2. Mason, Lind & Marchal: Statistics Techniques in Business & Economics, McGraw Hill,
G.S.Monga : Mathematics and Statistics for Economics, Vikas Publishing House Pvt.
Ltd.
3. P.R.Vittal : Business Mathematics, and Statistics, Marham Publishers,
4. T.Yamane : Statisticsa
5. Croxten and Cowden : Applied General Statistics
6. Nagar A.L and Das : Statistics
7. R.S.N Pillar & V.Bagavathi : Statistics
8. Richard A. Johnson : Probability and Statistics for Engineers.
9. Hooda R.P. : Statistics for Business and Economics.
 Core Paper XIII: MACRO ECONOMICS - II

UNIT - I

Multiplier - Static and dynamic multipliers - Induced investment and accelerator The interaction
principle - Basics of income and Employment multiplier.

UNIT - II

Money in the Keynesian Model - Demand for money in the Keynesian theory - Liquidity trap -
Keynesian Revolution and its application to less developed countries.

UNIT - III

Monetary theory in relation to underemployment and full employment - Integration of monetary

and output theories - Patinkin.

UNIT - IV

Post Keynesian macro analysis - General equilibrium of monetary and real sector - Contribution
of Hicks, Hanson – IS and LM - Diagram.

UNIT - V

Objectives and importance of Macro Economic policy.

Books for Reference:

1. Jhingan M.L. - Macro Economics Theory
2. Vaish M.C - Macro Economics Theory
3. Sankaran S. - Macro Economics
4. Broo man - Macro Economics
5. Derberg and Mc. Dougal - Macro Economics
6. Dillard D. - Macro Economics
7. Shapiro .E - Macro Economics Analysis
8. Gupta .R.D - Introduction to post Keynesian Economics
CORE PAPER XIV: MANAGERICAL ECONOMICS - II

UNIT - I

Pricing Policies and Techniques - Target pricing - Going - rate pricing customary pricing -
Differential pricing - Actual pricing - Skimming pricing - Life-cycle pricing - Mark-up and
Mark-down pricing - Dural pricing - Administered pricing - Product Line Pricing -
Penetration Pricing.

UNIT - II

Capital Budgeting - Meaning and need for Capital Budgeting - Process of Investment
Decision - Making - Forms of Capital Budgeting - Problems in Capital Budgeting -
Demand and supply of capital - Capital Rationing.

UNIT - III

Project Profitability - Methods of Appraising Projects - Pay Back Method - Rate of Return
Method - Discounted Cash Flow Method - Net Present Value Method - Evaluation -
Importance.

UNIT - IV

Managerial decision making and Linear Programming - Risk and Uncertainty - Essentials
of Decision making - Procedure - Classification of Managerial Decision Making Problems -
Meaning of Linear Programming - Assumptions and Use - Graphical Method.

UNIT - V

Business Cycle and Business Policy : Meaning and Phases at Business Cycle - Theories of
Business Cycle - Impacts and Methods to Controls Business Cycle - Business Cycle and
Business Policy.

Books for Reference:

1. Mankar - Business Economics
2. Dean, Joel - Managerial Economics
3. Hague D.C. - Managerial Economics
4. Mote, Paul and Gupta - Managerial Economics Concepts and Cases
5. Savage and Small - Introduction to Managerial Economics
6. Sankaran S. - Managerial Economics
7. Maheswari and Varshany - Managerial Economics
CORE PAPER XV: INDIAN ECONOMY AND ECONOMIC REFORMS
UNIT-I
Features of less developed and developing Economies - Economic and non-Economic factors
impending economic development - Capital formation - Human and Physical, Savings and
investment Pattern during the plans.

UNIT - II

Agriculture - Its contribution to Economic development - Food problems - Methods of solving -

Measures to increase agricultural Productivity - Land reforms - Green revolution - Agricultural
Inputs and Agricultural Credit - Evaluation of Agricultural Policy during the plan Period -
Reforms in Agricultural sector.

UNIT - III

Role of industries in Economic development - Cottage, small scale and large scale (cotton, iron
and steel, jute, sugar and tea) - Assessment of industrial Policy during the plan period - Public
Sector - Privatization - Industrial reforms.

UNIT - IV

Transport - Importance of transport (Road, Railways, Shipping and Civil Aviation) to Economic
growth - Evaluation of Government Policy - Transport Co-ordination - Reforms, Monetary
Reforms.

UNIT - V

Poverty in India - Poverty eradication programmes - Regional Development Disparities -

Economic development and Social Changes - India's foreign trade and Balance of Payment -
Trade Reforms.

Books for Reference:

1. Dhingara : Indian Economy
2. Datt & Sundaram : Indian Economy
3. Jhingan : Economics of development and planning
4. Sanakaran S. : Indian Economy
5. A.N.Agarwal : Indian Economy
6. Alak Ghosh : Indian Economy
7. Government of India : Five Year plan reports
ELECTIVES [Any THREE subjects to be offered in III Year]

PAPER 1 : FINANCIAL MARKETS BASIC

Paper : 1 FINANCIAL MARKETS

UNIT - I

Structure of Indian Capital market – Primary market – Secondary market - Financial institutions
– basic infrastructure - Types of Financial markets - Non banking financial companies – new
financial institutions – Mutual funds – Venture capital – Credit rating agencies

UNIT - II

Working of Stock exchanges - Bombay stock exchange – national stock exchange – OTCEI -
Types of issue – Debt instruments – Short term – Innovative instruments – Derivatives – Global
Depository Receipts – Intermediaries – SEBI regulations

UNIT - III

Regulatory environment in India - Securities market regulation – Capital issues control Act 1947
- Securities Contracts Regulation Act 1956 – SEBI Act, 1992 - Regulation of OTCEI -
National Depositories ordinance

UNIT - IV

Indian Financial system – Capital formation – Hindrances – need for Financial intermediaries -
Direct versus Indirect finance – Evolution of Indian Financial System

UNIT - V

Mutual funds – concept and nature – Types of schemes – Asset management companies - SEBI
guidelines on mutual funds – Investment pattern and performance of mutual funds

Books for Reference:

1. Khan, M.Y. - Indian Financial systems theory and practice
2. Srivasthava, R.M. - Management of Indian Financial Institutions
3. Avadhani, V.A. - Investment and securities markets in India
4. Srinivasan, N.P. & Saravanavel, P - Development banking in India and abroad
5. Devi Singh - Economics of Exchange Rate Management
 PAPER 2 : BASIC FINANCIAL ACCOUNTING

UNIT - I

Accounting – Principles – Concepts and conventions - Double entry system of accounting

UNIT - II

Introduction to basic books of accounts of sole proprietary concern – Closing of books of

accounts and preparation of Trial Balance

UNIT - III

Preparation of Financial accounts : Trading, Profit and Loss Account – Balance sheet

UNIT - IV

Introduction to Company Final Accounts

UNIT - V

Methods of depreciation Accounting - Inventory valuations

Books for Reference:

1. Gupa, T.L. & Radhaswamy, M. - Advanced Accounting
2. Shukla & Grewal - Advanced Accounting
3. Maheswari, S.N. - Financial Accounting
4. Jain, S.P. & Narang, K.L - Advanced Accounting
Paper : 3 INTERNATIONAL ECONOMICS

UNIT I

Introduction of International Trade - Inter-regional and international trade - Theories of

international trade – Classical - Adam Smith – Ricardo - Hekscher & Ohlin

UNIT II

Free trade Vs. Protection – Case for and against free trade and protection - Tariffs – Meaning
and types – Effects of tariffs on imports – Quotas – meaning and types –Effects of quotas on
imports – Dumping – Anti-dumping measure

UNIT III

Balance of trade - Balance of payments – Concepts – Structure – Disequilibrium in Balance of

Payments – Measures for removal of disequilibrium

UNIT IV

Foreign exchange - meaning – Demand for and supply of Foreign exchange – Equilibrium
exchange rate – Foreign exchange market – Functions – Purchasing Power Parity theory – Stable
and flexible exchange rates – Devaluation – Convertibility

UNIT V

Evolution of IMF and World Bank – Functions - WTO – Function of WTO – Indian Economy
under WTO – TRIPS & TRIMS-IBRD

Books for Reference:

1. Mithani - International Economics
2. Gupta, K.R. - International Trade
3. Jhingan, M.L. - International Economics
4. Mannor - International Trade
5. Chandra, R.K & Suriyakumar, S.M. - International Economics
6. Bosodesten - International Economics
7. Ellsworth - International Economics
8. Robert J. Carbaugh - International Economics
9. Kaliyamoorthi, V. - International Economics
 Paper : 4 ENVIRONMENTAL IMPACT OF CORPORATE GROWTH

UNIT I ECO SYSTEMS

Meaning of Environment - Concept of Ecosystem - Forest ecosystem – Grassland ecosystem –

Desert ecosystem and Aquatic ecosystem - Biodiversity

UNIT II ENVIRONMENTAL DEGRADATION

Meaning of Environmental pollution – Air pollution –Sources of air pollution and control of air
pollution – Water pollution and effects of water pollution – Control measures of water pollution -
Soil pollution and control of soil pollution – Causes of thermal pollution – Control of thermal
pollution

UNIT III WASTE MANAGEMENT

Solid and hazardous wastes - Hazardous wastes and environmental problems - Nuclear energy
and radioactive wastes - Waste disposal methods

UNIT IV SUSTAINABLE DEVLEOPMENT

Meaning of Sustainable development - Factors determining development process - Energy

problems of urbanized population - Role of science and technology in sustainable development -
Role of planning in sustainable development
UNIT V HUMAN POPULATION AND ENVIRONMENT

Population growth - Environment and human health – HIC and AIDS – Child labour – Framing
welfare programmes - Value education.

Books for Reference:

1. Sankaran - Environmental Economics
2. Karpagam - Environmental Economics
3. Murthy, C - Environmental Science
 Paper: 5 INDSUTRIAL ORGANIZATION

UNIT - I

Introduction – Various types of Business organizations – Sole Trader - Partnership – Joint Stock
companies - Co-operatives – Advantages and disadvantages of various forms

UNIT - II

Joint sector management contribution and participation

UNIT III

Nature, scope and functions of management – Planning – Organization – Direction – Control -

Principles and concepts - Communication – Leadership styles – Motivation – Delegation and
decentralization

UNIT IV

Introduction – Nature and challenge of personnel management – Personnel management

functions – Job Analysis - Recruitment

UNIT V

Training – Performance Appraisal methods – Methods of wages and incentive payment –

Collective bargaining.

Books for Reference:

1. Drucker F. Peter - Practice of Management
2. Harold O. Koontry & Heiny Weirich - Management
3. Shukla, M.C. -Business Organization and Management
4. Bhusan, Y.K. - Business Organization and Management
 Paper : 6 FUNDAMENTALS OF OPERATIONS RESEARCH

UNIT - I

Operations research - Introduction - Definition and Characteristics of Operations research -

Deductive and Inductive approaches - Operations research methodology - Operations research
technique

UNIT - II

Linear Programming - basic concepts - Formulation of models - Limitations of linear

programming - Graphical method

UNIT - III

Linear Programming - Simplex method

UNIT - IV

Linear Programming - Transportation model

UNIT - V

Network Techniques - PERT and CPM - Evolution of network model - Network construction –
Probability and PERT Network

Books for Reference:

1. Chiang, A.C. - Fundamental methods of Mathematical Economics
2. Dorfman, R., Samuelson, P & Solow, R - Linear Programming and Economic analysis
3. Levin, R. I. & Kirkpatrick, C.A. - Quantitative approaches to Management
4. Mehta, P.L. - Managerial Economics
5. Kharidehal Venkata Rao - Management Science
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