Institute of Economics & Finance, Bundelkhand University, Jhansi

B.Com. (Hons.) 3rd SEMESTER Session 2017-2018

BC-2031 COST ACCOUNTING (C A/C) Maximum Marks: 70

Unit I Introduction: Meaning, objectives and advantages of cost accounting, Difference

between cost accounting and financial accounting. Cost concepts and classifications,
Elements of cost. Installation of a costing system; Role of a cost accountant in an
organization

Unit II Materials: Material/inventory control- concept and techniques, Accounting and

control of purchases, storage and issue of materials. Methods of pricing of materials
issues – FIFO, LIFO, Simple Average, Weighted Average, Replacement, Standard,
Treatment of Material Losses.

Unit III Labour: Accounting and Control of labour cost, time keeping and time booking,
concept and treatment of idle time, over time, labour turnover and fringe benefits.

Unit IV Overhead: Classification, allocation, apportionment and absorption of overhead.

Under- and over-absorption; Capacity costs; Treatments of certain items in costing, like
interest on capital, packing expenses, debts, research and development expenses, Bad
Activity–based cost allocation. Accounting Systems: Integral and non-integral systems,
Reconciliation of cost and financial accounts.

Unit V Methods of Costing: Unit costing, Job costing. Contract Costing; Process costing
(process losses, valuation of work in progress, joint and by-products) Service costing
(only transport).

BC-2032 CORPORATE TAX PLANNING (CTP) Maximum Marks: 70

Unit- I Tax planning, tax management, tax evasion, tax avoidance

Unit –II Corporate tax in India; Types of companies; Residential status of companies and
tax incidence; Tax liability and minimum alternate tax; Tax on distributed profits

Unit- III Tax planning with reference to setting up of a new business: Location aspect,
nature of business, form of organization; Tax planning with reference to financial
management decision - Capital structure, dividend including deemed dividend and bonus
shares; Tax planning with reference to specific management decisions - Make or buy;
own or lease; repair or replace; Tax planning with reference to employee’s remuneration;
Tax planning with reference to sale of scientific research assets; Tax planning with
reference to receipt of insurance compensation; Tax planning with reference to
distribution of assets at the time of liquidation; Tax planning with reference to :- Deferred
tax assets;- Deferred tax liabilities- Reassessment of recognized and unrecognized
deferred tax assets and deferred tax liabilities (In view of provisions of IAS-12 & AS – 22)

Unit- IV Special provisions relating to non-residents; double taxation relief; Provisions

regulating transfer pricing; Advance rulings

Unit –V Tax planning with reference to business restructuring - Amalgamation;

Demerger; Slump sale; Conversion of sole proprietary concern/partnership firm into
company; Transfer of assets between holding and subsidiary companies
 Institute of Economics & Finance, Bundelkhand University, Jhansi
BC-2033 MACRO ECONOMICS (Ma E) Maximum Marks: 70

Unit-I Introduction – concepts and variables of macroeconomics, income, expenditure

and the circular flow and National income;

Unit-II Economy in the short run – IS–LM framework, fiscal and monetary policy,
Determination of aggregate demand, shifts in aggregate demand, aggregate supply in
the short and long run, and aggregate demand- aggregate supply analysis;

Unit-III Inflation: meaning, Cause and Effects;

Unit-IV Mundell – Fleming model with fixed and flexible prices in a small open economy
with fixed and with flexible exchange rates, interest rate differentials case of a large
economy;

Unit-V Demand for Money – Portfolio and transactions theories of demand for real
balances, interest and income elasticity of demand for real balances and Supply of
money;

BC-2034 CORPORATE LAWS (CL) Maximum Marks: 70

Unit – I Introduction: Concept of lifting of corporate veil. Types of companies, association

not for profit, illegal association; Formation of company- Promoters, their legal position,
pre incorporation contract and provisional contracts;

Unit –II Documents -.Memorandum of Association, Articles of Association, Doctrine of

Constructive Notice and Indoor Management, Prospectus and Book, Building;

Unit –III Share Capital - Issue, allotment and forfeiture of share, Members and
Shareholder - their rights and duties; Convening and conduct of shareholders meetings;

Unit- IV Management - Directors their disqualifications appointment, legal position,

powers and duties disclosures of interest, removal of directors, board meetings, other
managerial personnel and remuneration;

Unit –V Dividend and its types Investigation, Winding up - concept and modes of winding
up;
 Institute of Economics & Finance, Bundelkhand University, Jhansi
BC-2035 ENVIRONMENTAL STUDIES (EVS) Maximum Marks: 70

Unit-I Multidisciplinary nature of environmental studies, scope and importance,

Unit-II Natural Resources: Renewable and non-renewable resources :( a) Forest

resources: Use and over-exploitation, deforestation, dams and their effects on forest and
tribal people. (b) Water resources: Use and over-utilization of surface and ground water,
dams-benefits and problems. (c) Mineral resources: Use and exploitation, environmental
effects of extracting (d) Food resources: World food problems, (e) Renewable and non
renewable energy sources use of alternate energy sources. (f) Land resources:
landslides.

Unit-III Ecosystems; Concept of an ecosystem; Producers, consumers and

decomposers; Food chains
Unit-IV Biodiversity and its conservation, Conservation of biodiversity: In-situ and Ex-situ
conservation of biodiversity. Environmental Pollutions: Air pollution, Water pollution, Soil
pollution, Thermal pollution
Unit-V Disaster management: floods, earthquake, cyclone and landslides; From
Unsustainable to Sustainable development, rain water harvesting, Environmental ethics:
Issues and possible solutions; Global warming, acid rain, Consumerism and waste
products; Forest Conservation Act; Population explosion – Family Welfare Programme;
Environment and human health.

BC-2036 Credit Management (CM) Maximum Marks: 70

Unit I-INTRODUCTION & OVERVIEW OF CREDIT: Principles of Lending, Credit Policy,

Type of Borrowers & Types of Credit Facilities, Credit Delivery, Credit Appraisal, Credit
Rating.

Unit II-ANALYSIS OF FINANCIAL STATEMENTS: Analysis of Financial Statements,

Project Appraisal/ Term Loan Appraisal

Unit III-WORKING CAPITAL MANAGEMENT: Working Capital Assessment, Quasi -

Credit Facilities

Unit IV-OTHER CREDITS: Export Finance, Priority Sector Lending/ Government

Sponsored Schemes, Retail Loans

Unit V-MONITORING, SUPERVISION/ FOLLOW UP & MANAGEMENT OF IMPAIRED

ASSETS: Documentation: Types of Charges, Credit Monitoring, Supervision & Follow-Up
and Management of Impaired Assets: Fair Practices code on Lender's Liability
 Institute of Economics & Finance, Bundelkhand University, Jhansi
B.Com. (Hons.) 5th SEMSETER Session 2017-2018

BC 3031 MANAGEMENT ACCOUNTING Maximum Marks: 70

Unit I Nature and Scope, Difference between cost accounting and management
accounting, cost control, cost reduction, cost management. Responsibility Accounting:
Concept, Significance, Different Responsibility Centers, Divisional Performance
Measurement – Financial Measures.

Unit II Budgeting and budgetary control: Concept of budget and budgetary control,
objectives, merits, and limitations, Budget administration, Functional budgets, Fixed and
flexible budgets, Zero base budget, Programme and performance budgets.

Unit II Standard costing and variance analysis: Meaning of standard cost and standard
costing: advantages, limitations and applications, Variance analysis – material, labour,
overhead and sales variances, Disposition of variances, Control ratios.

Unit IV Absorption versus variable costing: Distinctive features and income

determination. Cost-Volume-Profit Analysis: Break-even analysis-algebraic and graphic
methods. Contribution / sales ratio, key factor; Margin of safety; Angle of incidence;
Determination of cost indifference point;

Unit V Decision making: Costs for decision making, variable costing and differential
analysis as aids in making decisions – fixation of selling price, exploring new market,
make or buy, product mix, operate or shut down, seller process further.

BC 3032 FINANCIAL MANAGEMENT (FM) Maximum Marks: 70

Unit-I Financial Management: Meaning, Nature and Scope of Financial Management;

Approaches of Financial Management; Investment Decision, Financing Decision and
Dividend decisions; Financial Goal- Profit versus Wealth Maximization; Time Value of
Money.

Unit-II Capital Budgeting: Nature of Investment Decisions; Tools and Techniques of

Capital Budgeting-Net Present Value, Internal Rate of Return, Profitability Index,
Payback Period, Accounting Rate of Return; NPV and IRR Comparison; Capital
Rationing; Risk Analysis in Capital Budgeting.

Unit-III Cost of Capital: Meaning and Significance of Cost of Capital; Calculation of Cost
of Debt, Preference Capital, Equity Capital and Retained Earnings; Combined Cost of
Capital (Weighted); Long term Sources of Finance.

Unit-IV Management of Working Capital: Meaning, Significance and Types of Working

Capital: Operating- Cycle; Sources of Working Capital and Factors affecting the Working
Capital Management; Management of Cash, Receivables and Inventory: Concept and
importance.

Unit- V Operating and Financial Leverage: Measurement of Leverages; Composite

leverage. Capital Structure Theories: Traditional and M.M. Hypothesis; Dividend Policies:
Dividend Decisions and its importance, Walter's Model, Gordon's model,
Modigalliani-Miller (M-M) Hypothesis.
 Institute of Economics & Finance, Bundelkhand University, Jhansi

BC 3033 AUDITING Maximum Marks: 70

Unit –I Introduction: Meaning, Objects, Basic Principles and Techniques. Classification

of audit; Audit Planning; Internal Control – Internal Check and Internal Audit

Unit- II Audit Procedure – Vouching and verification of Assets & Liabilities;

Unit–III Audit of Limited Companies: (i) Company Auditor: Qualifications and

disqualifications, Appointment, Removal, Remuneration, Rights, Duties and Liabilities.
(ii) Audit Committee

Unit –IV Auditor’s Report: Contents and Types; Auditor’s certificates Liabilities of
Statutory Auditors in case of non-compliance;

Unit –V Special Areas of Audit: Special features of Cost audit. Tax audit and
Management audit; Recent Trends in Auditing: Basic considerations of audit in EDP
Environment. Relevant Auditing and Assurance Standards (AASs); Relevant Case
Studies/Problems;

OPTIONAL PAPERS
Elective Papers- choose any ONE from the followings-

BC 3034 ENTREPRENEURSHIP DEVELOPMENT Max marks 70

Unit –I Entrepreneurship: Concept, knowledge and skills requirement; characteristic of

successful entrepreneurs; role of entrepreneurship in economic development;
entrepreneurship process; factors impacting emergence of entrepreneurship.

UNIT-II starting the venture: generating business idea – sources of new ideas, methods
of generating ideas, environmental scanning, and drawing business plan; preparing
project report; presenting business plan to investors.

UNIT-III Functional plans: marketing plan – marketing research for the new venture,
steps in preparing marketing plan, contingency planning; organizational plan – form of
ownership, job design, manpower planning.

UNIT-IV Financial plan – cash budget, working capital, Performa income statement
Performa cash flow, perform balance sheet, break even analysis Sources of finance:
debt or equity financing.

UNIT-V Legal issues – intellectual property rights patents, trademarks, copy rights, trade
secrets, licensing; franchising.
 Institute of Economics & Finance, Bundelkhand University, Jhansi
BC-3035-ADVERTISING MANAGEMENT Maximum Marks 70

Unit 1: Introduction: Communication Process; Advertising as a tool of communication;

Meaning, nature and importance of advertising; Types of advertising; Advertising
objectives. Audience analysis; Setting of advertising budget: Determinants and major
methods.

Unit 2: Message Development, & Advertising Agency:

(A) Advertising appeals, Advertising copy and elements, Preparing ads for different
media.
(B) Role, types and selection of advertising agency.

Unit 3: Introduction to Retailing: A Retailer’s role, Function in Distribution Channel;

Social and Economic Significance; Employment, Global retailers; Structure of retailing
and Distribution Channel; Opportunities at Managerial & Entrepreneurial; Types of
Retailers; Retailer Characteristics; type of Merchandise; variety & Assortment; Price &
Cost of offering Breadth & depth of Assortment; Food retailers; General Merchandise
retailers; Non Store Retailers; Service Retailing; Types of Ownership.

Unit 4: Multichannel Retailing: Retail Channels- Store, Catalogue & Internet;

Unit 5:Research in The Field of Advertising & Retailing

Media Decisions
(A) Major media types - their characteristics, internet as an advertising media, merits
and demerits; Factors influencing media choice; media selection, media
scheduling, Advertising through the Internet-media devices.
Measuring Advertising Effectiveness
(B) Evaluating communication and sales effects; Pre- and Post-testing techniques.
Customer Buying Behavior
(C) The Buying Process; Need Recognition; Information Search; Evaluation of
Alternatives: The Multi-Attribute Model; Purchasing the Merchandise or Service;
post purchase Evaluations.
(D) Types of Buying Decision; Extended and Limited Problem Solving; Habitual
Decision Making.
(E) Social factors influencing the Buying Process; Family; Reference Group & Culture.
(F) Market Segmentation; Criteria for Evaluating Market Segments; Approaches for
Segmenting Markets; Composite Segmentation Approaches.
References:
 Batra, Myers and Aakers. Advertising Management. PHI Learning
 Retailing Management,
 Institute of Economics & Finance, Bundelkhand University, Jhansi
BC 3036 STRATEGIC MANAGEMENT (SM) Max marks. 70

Unit –I Introduction to Strategic Management, Concept of Corporate Strategy, Strategic

Management Process, the 7-S Framework, Corporate Policy and Planning in India

Unit –II Board of Directors - Role and Functions, Top Management - Role and Skills,
Board Functioning - Indian Context

Unit –III Environmental Scanning, Industry Analysis, Internal Scanning, Value Chain
Analysis.

Unit –IV Strategy Formulation, Strategic Factors Analysis Summary (SFAS) Matrix,
Business Strategy, Corporate Strategy, Functional Strategy, Strategic Choice

Unit –V Strategy Implementation, Organization Structure, Corporate Culture,

Diversification, Mergers and Acquisitions

BC-3037 General English Maximum Marks: 70

1. One Word Substitution- Building vocabulary by replacing a sentence with a

single word.
2. Foreign Expressions- list of foreign expressions that have become an integral
part of English Language
3. Agreement of the Verb with the subject – Rules for the correct use of verb in
accordance its subject.
4. Common Errors- Common Errors made in English Language, Errors in the use of
Nouns, Errors in the use of Pronouns, Errors in the use of Articles, Errors in the
use of Adverbs, Errors in the use of Adjective, Errors in the use of Verbs, Errors in
the use of prepositions, Errors in the use of Conjunctions, Miscellaneous Errors.
5. Art of Condensation – Features of a Good Précis Writing, Steps to
Condensation, Exercises in Précis Writing.
6. Business Correspondence – Importance of Writing Business Correspondence,
General Principles of Written Business Correspondence, Important features of an
effective Business Letter, Structure of a Business Letter, Types of Business
Letter.
7. Resume Processing and Job Application- Essentials of Resume Writing,
Guidelines for Writing Good Resume, Parts of a Resume, Job Application,
Guidelines for Preparing a Job Application, Types of Application Letter.
8. Story Completion – How to Complete a Story? Do’s and Dont’s of Story Writing,
Exercises in Completion.
 Institute of Economics & Finance, Bundelkhand University, Jhansi

BC 3038 OPERATIONS RESEARCH (OR) Maximum Marks: 70

Unit I-Operations Research: Concept and significance of operations research;

Evolution of operations research; Steps In Designing Operations Research; Operations
Research Models and its Scope.

Unit II-Linear Programming Problem and its Applications: Graphical Method and
Simplex Method up to three variables; Big M Method and Duality Theorem.

Unit III- Assignment Problem & Transportation Problem and Minimum Transportation
Costs; Difference between Transportation and Assignment Problem;

Unit IV-Game Theory: Zero sum game; Pure and Mix strategies; Saddle Point and
Dominance Principle. Simulation: Application of Simulation Techniques; Monte Carlo
Approach.

Unit V-Net -Work Analysis: Introduction to PERT and CPM; Application Areas of
Network Analysis. Difference between PERT and CPM.
 Institute of Economics & Finance, Bundelkhand University, Jhansi
M Com (F) III Semester Session 2017-2018

MC301- STRATEGIC MANAGEMENT (SM) Marks: 70

Unit I: meaning, Nature and Scope of Strategic Management.

Unit II: Strategic Intent and Vision- Concept of Core Competence, Capability and
Organizational Learning; Process of Strategy Planning and Implementation, Strategy and
Structure.
Unit III: Organizational Values and their Impact on Strategy.
Unit IV: Power Games amongst Competing Players: Chief Executive and Board- Work
of Top Management, Turnaround Management.
Unit V: Management of Strategic Change: Mergers and Acquisitions

MC 302- DIGITAL FINANCE (DF) Marks: 70

Unit I: Digital Currency-Introduction to digital currencies and new crypto currencies (Bit
Coin, Lite Coin, PP Coin, Name Coin, Libra etc.), Currency war: digital money Vs dollar,
Digital currencies and its impact on business Technology, Emerging Technologies
reshaping the financial service sector, regulating digital currencies.
Unit II: DFS Ecosystem, Goal of DFS, Digital Environment, Component of DFS
ecosystem, Evolution of DFS ecosystem, Nature and Problems in DFS ecosystem,
Demand of Financial services: BFSI sector, NBFC and other sectors. Overview of Indian
digital financial service market, DFS and its application to social finance, Challenge of
DFS, Recommendations for accelerating DFS growth-An Indian perspective.
Unit III: Digital disruptions in banking, Competitive analysis of financial services Industry,
Supply and demand Driver, New entrant and incumbent: competition or cooperation,
Landscape for collaboration in digital economy, Strategies of players
Unit IV: A customer perspective of DFS-Analysis of behavior of financial service user
and financial service provider in digital economy, Fundamentals of behavioral finance:
Biases, Implications of principles of behavioral finance in digital economy, Impact of
biases in digital financial services, Customer Value Proposition.
Unit V: DFS value chain – Links in the DFS value chain (accounts, data/VAS, digital
channel, And Physical channel), Bank model-equity, Profit model, MNO model: airtel
money, Standalone model: bKash, Diversity of business model, Bitcoin and payment
technologies, Payment system, Revolutionizing mobile banking, Digital Finance:
Regulations and Policies, Risk management and threat to DFS.

MC303 INTERNATIONAL FINANCE (IE) Marks: 70

Unit I: Importance, need, characteristics and scope of international finance, International

monetary and financial system.
Unit II: BOP and its components, international flow of capital, goods and services:
coping with current account deficit.
Unit III: International financial instruments and intermediaries.
Unit IV: foreign exchange market factors, exchange rate determination in India,
exchange risk management
Unit V: international money market and its instruments, multilateral financial institutes
 Institute of Economics & Finance, Bundelkhand University, Jhansi

MC 304- CORPORATE TAX LAW AND PRACTICES (CTP)

Unit-1 Introduction of corporate tax -tax evasion, tax avoidance, tax planning, tax
management, Dividend Tax
Unit-2-Computation of total income of companies and tax liabilities
Unit-3-Tax planning for new business on the basis of Location, Nature, Size, and form of
business Organization.
Unit-4-Tax planning regarding capital structure Dividend Policy, Inter corporate Dividend
and Bonus Shares
Unit-5-Role of managerial Decision in tax planning. Amalgamation and Demerger,
Advance Payment of Tax,Tax payment-(TDS , TCS), Advanced Ruling

OPTIONAL PAPERS
Major Specialization Group- chooses any one from the following group-

Human Resource Management Group

MC- 305 PARTICIPATIVE MANAGEMENT IN INDUSTRIAL RELATIONS Marks:70

UNlT 1: Participative Management: Concept, Objectives, Scope, Levels, Determinants

and Reflectors
UNIT 2: Various Approaches to Participation: Socialist, Gandhian, Eclectic, and Social
Science; Scheme of Workers' Participation in Management in India, Problems and
Remedies; Recent Trends in Participatory Management, Quality Circles and Japanese
Management
UNIT 3: Industrial Relations: Concept Objectives, Nature and Scope; Approaches to
Industrial Relations; Determinants of Industrial Relations; Reflectors of Industrial
Relations; Industrial Relations Policy in India; Changing Roe of State and New
Paradigms in Industrial Relations; Industrial Relations and Globalization
UNIT 4: Industrial Disputes: Concept, Types, Causes and Magnitude; Machinery for
Settlement of Industrial Disputes in India: Statutory and Non-Statutory Preventive
Measures for Settlement of Industrial Disputes: Code of Discipline, Code of Efficiency
UNIT 5: Model Grievance Procedure, Inter-Union Code of Conduct; Disciplinary Action,
Domestic Enquiry-Principle of Natural Justice; Industrial Disputes Act, 1947; Indian
Arbitration and Conciliation Act, 1996
 Institute of Economics & Finance, Bundelkhand University, Jhansi
MC-306 LABOUR WELFARE, SOCIAL SECURITY & INDUSTRIAL SOCIAL WORK Marks 70

UNIT1: Labour Welfare: Concept, Significance, Objective, Scope, Classification, Approaches,

and Principles

UNIT2: Labour Welfare Policy in India, Labour Welfare Programmes in India, Legal Provisions
Relating to Labour Welfare in India; Beedi Workers Welfare Cess Act, 1976; Beedi Workers
Welfare Fund Act, 1976; Iron Ore Mines,Manganese Ore Mines and Welfare Fund Act, 1976;
Mica Mines Labour Welfare Fund Act, 1946; Building and Other Construction Workers' Welfare
Cess Act,1996; Lime Stone and Dolomite Mines Labour Welfare Fund Act, 1972

UNIT3: Labour Welfare Officer: Qualifications, Roles and Functions, Status, Terms and
Conditions of Services, Challenges
UNIT4: Social Security: Concept, Significance, Objectives, Evolution, Scope; Forms of Social
Security: Social Insurance, Public Assistance and Public Services. Important Laws: Workmen's
Compensation Act, 1923; Employees' State Insurance Act, 1948; Employees' Provident Fund
and Miscellaneous Provisions Act, 1952; Maternity Benefit Act, 1961; Personal Injuries
(Compensation) Insurance Act, 1963; Payment of Gratuity Act, 1972

UNIT5: Industrial Social Work: Concept, Objectives, Scope, Principles; Industrial Social Worker:
Roles and Functions, Status, Skills Required; Recent Developments in Social Work Practice in
Industry; Future of Industrial Social Work in India

Marketing Group
MC- 307 FINANCIAL SERVICE AND MARKETING (FSM) Marks: 70

Unit I: Financial Service: Role, concepts, nature and characteristics: Financial services
marketing versus marketing: Services marketing triangle; Strategic financial services marketing
planning an overview.

Unit II: Marketing Environment: Analyzing financial services marketing environment macro and
micro components; Understanding financial services customer; Service quality – GAP model and
quality dimensions.

Unit III: Marketing Mix Strategy Development and Project Planning: Need for expanded
marketing mix; Pricing, Promotion and Distribution Decisions: Price determination - factors,
process and strategies;

Unit IV: Promotion of financial products - communication process, promotion mix planning -
advertising, personal selling. Public relations and sales promotion; Distribution strategies and
channel alternatives.

Unit V: Service Marketing Application: Marketing, retention strategies of some special fund and
non-fund based financial services leasing and hire purchase services, consumer finance
Insurance and factoring; Mutual funds and credit cards.

MC- 308 SALES MANAGEMENT (SM) Marks: 70

Unit 1: Importance of Sales Force and its Management; Functions of Sales Manager
Unit 2: Recruitment & Selection; Training & Development; Motivation; Compensation; Appraisal
Unit 3: Organization of the Sales Departments; Geographic; Product Wise; Market based
Unit 4: Sales Planning - Market Analysis; Sales Forecasting; Methods of Forecasting; Sales
Territory - Allocation
Unit 5: Sales Quota
 Institute of Economics & Finance, Bundelkhand University, Jhansi
MBA (FM) 3rd SEMESTER Session 2017-2018

MBA (FM) 7201 BUSINESS POLICY & STRATEGIC ANALYSIS (BPSA) Marks: 70

Unit I: Introduction to Strategies & Strategic Management

Unit II: Strategy Analysis and Phases of Strategy; Strategy Formulation and
Implementation; Strategic Control and Evaluation;
Unit III: Business Policies and Decision Making Business Continuity Plan: Business
Investment Strategies;
Unit IV: Strategies for Multinational Corporations and Alliances;
Unit V: Culture, Creativity and Innovation in Business & New Challenges and Trends in
strategic management Role of Creativity and Innovation in Business; Business Ethics
and Corporate Social Responsibility; Challenges in Strategic Management; Recent
Trends in Strategic Management

MBA (FM) 7202 SECURITY ANALYSIS & INVESTMENT MANAGEMENT (SAIM)

Marks: 70

Unit I: Investments: Nature, scope, objective and Process of investments analysis,

concept of return and risk analysis, measurement of return and risk: Systematic and
Unsystematic Risk.
Unit II: Financial Market: primary market role, function and method of selling securities,
appointment of bankers underwriters brokers register and mangers, allotment of share,
Secondary Market : Role, importance, Process, type of brokers, trading mechanism,
screen based trading Depository role and need; depositories Act 1996 ,Market Indices.
Unit III: Investment Alternatives: Investment instrument of Capital Market and Money
Market, Valuation of Fixed and Variable securities Non Security forms of Investment,
Government Securities, Mutual Fund, Real Estate and Gold.
Unit IV: SEBI: organization, Functions and Role, listing of securities in stock exchanges,
sources of financial information.
Unit V: Fundamental Analysis: Economic analysis industry analysis and company
analysis Technical Analysis: Trends, indicators, indices and moving average applied in
technical analysis. Efficient Market Hypothesis: weak, semi-strong and strong market
and its testing techniques.

MBA (FM) 7203 BUSINESS LEGISLATION (BL) Marks: 70

Unit I: The Indian Contract Act, 1872: Essentials of a Valid Contract; Void Agreements;
Performance of Contracts; Breach of Contract and its Remedies Quasi-Contracts;
Unit II: The Sale of Goods Act, 1930: Formation of a Contract; Rights of an Unpaid
Seller;
Unit III: The Negotiable Instruments Act, 1881; Nature and Types; Negotiation and
Assignment; Holder-in-Due Course, Dishonor and Discharge of a Negotiable Instrument.
Arbitration
Unit IV: The Companies Act, 1956 Nature and Types of Companies; Formation;
Memorandum and Articles of Association; Prospectus Allotment of Shares; Shares and
Share Capital. Membership; Borrowing Powers;
Unit V: Management and Meetings; Accounts and Audit; Compromise Arrangements
and Reconstruction; Prevention of Oppression and Mismanagement, Winding Up,
Consumer Protection Act and Cyber Laws;
 Institute of Economics & Finance, Bundelkhand University, Jhansi
OPTIONAL PAPERS
Subject: Elective papers- choose any TWO from the following group.

MBA (FM) 7204 FINANCIAL DERIVATIVES (FD) Marks: 70

Unit I: Forward Contracts; Future Contracts; Other Derivative Securities; Types of Traders;
Unit II: Futures Markets and the use of Futures for Heading; Forward and Futures Prices:
Interest Rate Futures.
Unit III: Swaps; Options Markets; Properties of Stock Option Prices; Trading Strategies Involving
Options; Black-Schools Option Model: Binomial Model;
Unit IV: Options on Stock Indices; Currencies and Futures Contracts; General Approach to
Pricing Derivatives Securities
Unit V: Interest Rate, Derivative Securities; Derivatives Market in India.

MBA-7205: MFM (MULTINATIONAL FINANCIAL MANAGEMENT) Maximum Marks: 70

Unit I: Multinational Financial Management: Growth 'and importance of international finance;
Types of risk in International finance; Rewards in international finance.
Unit II: Multinational Working Capital Management: Short-term overseas financing source
International management of cash. Accounts receivables and inventory management,
Multinational Investment Decisions: Capital budgeting for multinational corporations, Financing
Decision: Cost of capital for foreign investment and designing financial structure
Unit III: International Financing: Equity financing, bond financing, bank financing, direct loans.
Government and development bank lending. Political Risk,
Unit IV: International Portfolio: Portfolio Investment, Benefits of International portfolio
investment, Spreading risk, International capital asset pricing, International diversification.
Unit V: International Tax Management: Corporate taxes, Value Added Tax (VAT), Withholding
Taxes, duties and tariffs; Branch verses subsidiary taxes. Tax havens, International Accounting
and Reporting

MBA (FM) 7206 - PORTFOLIO MANAGEMENT (PM) Marks: 70

Unit I- Portfolio Management: Meaning, importance and objectives of portfolio and portfolio
management, Risk and Return- Definition types and importance.
Unit II- Portfolio Analysis: Risk Measurement; Estimating rate of return and standard deviation of
portfolio returns; Effects of Combining securities; Markowitz risk- return optimization and Efficient
frontier.
Unit III- Single Index Model: Sharpe’s optimal portfolio; construction of optimal portfolio; optimal
portfolio with sort sales
Unit IV- Capital Market Theory: Capital market line, security market line; Risk free lending and
borrowing; Capital Asset Pricing Model and Arbitrage pricing theory/Model

Unit V- Portfolio Evaluation and Revision: Evaluation criteria and portfolio revision techniques;
International portfolio investment

MBA (FM) 7207 PROJECTS PLANNING, ANALYSIS & MANAGEMENT (PPAM) Marks: 70

Unit I: Generation and Screening of Project Idea; Capital Expenditure; Importance and
Difficulties-Market Demand and Situations analysis.
Unit II: Technical Analysis-, Financial Analysis.
Unit III: Analysis of Project Risk; firm Risk and Market Risk; social Cost Benefit Analysis.
Unit IV: Multiple Projects and Constraints; Network Techniques for Project Management.
Unit V: Project Review and Administrative Aspects; Project Financing in India, Environmental
Appraisal of Projects.
 Institute of Economics & Finance, Bundelkhand University, Jhansi
Master of Arts (Applied Economics) 3rd Semester Session 2021-2012

MAAE- 9021-Theories of Growth and Development– I

UNIT I: Development and Scope of Development Economics - Background and beginnings of

‘Development Economics’: post-war world economic order and end of formal colonialism; distinction
between growth and development economics/studies. Human Development and deprivation The concept of
development – Evolution of Measures of Economic Development, Human Development Index and its
extensions, modifications, and other related measures: Human Poverty Index (HPA), Gender related
Development Index (GDI), Gender Empowerment Measure (GEM); Concept of Sustainable Development

UNIT II: Major Growth Theories -Classical Theories of Growth: Contributions of Adam Smith, Ricardo
and Malthus; Karl Marx and development of capitalistic economy — Theory of social change, surplus
value and profit; Immutable laws of capitalist development; Crisis in capitalism — Schumpeter and
capitalistic development; innovation — role of credit, profit and degeneration of capitalism; Keynesian
Model of Development

UNIT III: Major themes/perspectives of post-war ‘high development theory’ (late 1940s to 1970s);
Rostow’s stages of growth, Vicious circle of poverty; big push, balanced and unbalanced growth, dual-
economy models – broad policy implications -Lewis model of development, Ranis-Fei model of
development.

UNIT IV: Strategies of Growth ; Balanced and Unbalanced Growth, Big Push, Hirschman model;
Leibenstien”s model; Nelson”s low level Equilibrium trap, Political Economy of development and
underdevelopment; Catch Up Hypothesis; Dependency school and its critique; Learning by Doing,
Endogenous Growth; Role of Education, research and knowledge – explanation of cross country
differentials in economic development and growth.

MAAE- 9022-INTERNATIONAL ECONOMICS – I

UNIT I: Distinguishing features of Interregional and International trade; Importance and Scope of
International Trade. International division of labour and specialization; The Mercantilists View on Trade;
Smith’s theory of Absolute Difference in costs; Ricardo’s theory of comparative differences in costs and its
application in underdeveloped countries. Some analytical tools-Offer curves Production Possibility Curves;
the Community Indifference Curves; Equilibrium in Community Consumption and Output.

UNIT II: Mills’ theory of Reciprocal Demand; Explanation of Mills’ conceptof Reciprocal Demand with
the help of Marshall’s Offer Curves. International Trade Equilibrium;
Harberler’s Theory of Opportunity Costs; International trade under constant, Increasing and decreasing
opportunity costs. The Modern Theory of Factor Endowments; its explanation under price criterion and
physical criterion and its relevance in the present scenario.Its superiority over the classical theory; Leontief
Paradox.

UNIT III: International trade and factor prices, Samuelson’s Factor Price Equalization Theorem. The
Terms of Trade- Meaning and various concepts, Factors affecting it, Terms of Trade and underdeveloped
countries. Tariffs meaning and types; - Effects of tariff under partial and general equilibrium; Optimum
tariff and welfare; Effects of tariff on income distribution, Stopler- Samuelson theorem;Quotas, Voluntary
export restraints, international cartels, dumping, export subsidies. Free Trade Areas versus Customs Union,
custom union-Trade Creation and Trade Diversion; Static and dynamic benefit from custom unions Trade
policy and reforms in India; Dumping: Types, Objectives and effects of dumping; Current incidence of
dumping in India and its impact on our economy; Anti-dumping measures.

UNIT IV: New Theories: Economies of scale, Imperfect competition -trade based on product
differentiation and intra-industry trade, dynamic technological differences-product cycle model. Economic
growth and international trade: Growth of factors of production- Rybczynski theorem, Kravis and Linder
theory of trade; Technical progress; Growth and trade-small country and large country; Immiserzing
growth; changes in taste
 Institute of Economics & Finance, Bundelkhand University, Jhansi

MAAE- 9023-Public Economics

UNIT I: Market and Government - Economic rationale of government, fiscal functions; The role of State
in Allocation, Distribution, Regulation and Stabilization; Market Failures and Govt. Intervention :
imperfections, externalities and public goods; concepts of private goods, pure public goods, mixed goods
and merit goods; free Rider's problem, Optimal provision of public goods – voting and public choice –
preference revelation mechanisms – Lindahl and successors, free riding, mobility; The theory of clubs and
local public goods, Public goods and the private cost of public goods- Pseudo- market mechanism for
Preference Revelation. The optimal provision of public goods,
UNIT II: Theories of Maximum Social Advantages-Dalton, Pigou and Musgrave; Budgeting - Various
concepts, Performance budgeting, PPBS, Zero base budgeting; Budget Multiplier, Budget Analysis; Fiscal
Policy and its implications, Fiscal Reforms in India. Investment and growth Burden of Public Debt, India's
Public debt
UNIT III: Public Expenditure - Wagner’s law of Increasing State Activities, Peacock Wiseman
hypothesis; economic effects of public expenditure; Dalton norms of Public Expenditure, Trends in India’s
Public Expenditure. Union-State Financial Relations-Horizontal and vertical imbalances; Finance
commission. FRBM Act – An Assessment
UNIT IV:Theory of Taxation - Cannons of taxation, neutrality, equity, ability to pay, benefit principle,
revenue maximization, income maximization; analysis of incidence of taxes, elasticity, buoyancy and
taxable, capacity, efficient tax design: optimal taxation, effects of taxation on work effort, savings,
investment and growth; classification of taxes: direct and indirect taxes, progressive, proportionate and
regressive taxes, Advalorem and specific taxes; Tax systems in India; structure, composition and various
economic issues.

MAAE- 9024-Indian EconomicDevelopment

UNIT I:Basic features and problems of Indian Economy: Economic History of India -Indian Economy
before Independence: A Review; Economic consequences of the British rule; Need for planned economic
development; Basic strategy for development of the Indian economy under the planning period; Changes in
the strategy of Indian planning; Role of the public and private sectors in India; and Main aspects of new
economic policy and its relevance. Nature of Indian Economy, Natural Resources, Demographic features
and Human Development Index, Problems of Poverty, Unemployment, Inflation, income inequality, Black
money in India.

UNIT II:Sectoral composition of Indian Economy: Issues in Agriculture sector in India, Green Revolution,
Agrarian Reforms: Land Reforms, New agricultural policy; Production Structure of Indian Agriculture;
Terms of trade between agriculture and industry; Industrial policy; Nature and extent of industrialization;
and the existing production structure of industry in India.Industrial development, MSMEs, small scale and
cottage industries, Various Industrial Policies, Public sector in India, Service Sector in India.

UNIT III:Economic Policies: Economic Planning in India , Planning commission v/s NITI Aayog, Five
Year Plans, monetary policy in India, Fiscal Policy in India, Centre state Finance Relations, Finance
commission in India. LPG policy in India. Savings and Capital Formation in Indian Economy; Trends in
national income; Performance of different sectors; Trends in prices and money supply; Fiscal and Financial
Sector reforms and recent changes in the policy; Measures to fight slowdown and the vision of $5 Trillion
Economy.

UNIT IV:External sector in India: - Foreign capital in India; and Foreign Direct investment and Portfolio
Investment, India’s foreign trade value composition and direction, Foreign Trade in Goods and Services;
Balance of Payment; India Balance of payment since 1991, FDI in India, Impact of Globalization on Indian
Economy, WTO and Indian Economy; Restrictions on Monopolies and Concentration of economic power;
Poverty and economic inequalities; Population problem; Unemployment; Regional imbalances; Trends in
migration; Economic Development and Environment Degradation; SHGs and Women empowerment.
 Institute of Economics & Finance, Bundelkhand University, Jhansi
Paper- 5
OPTIONAL PAPER: Choose any one from the following two subjects:

MAAE- 9025-MATHEMATICAL ECONOMICS

UNIT I: Basic Concepts: Number system, Venn diagram (Set Theory), Functions and their graphs;
Logarithms and exponents ; Equations – Simple, quadratic and simultaneous and Identities; Equations of a
straight line, concept of slope; Equation and interpretation of Rectangular Hyperbola ; Series – Arithmetic
and Geometric series; Elements of Trigonometry and Coordinate Geometry; Trigonometric functions and
identities. Two –dimensional coordinates; Plotting of curves; Straight line; Parabola and Hyperbola.
UNIT II: Simple Differentiation –Rules of Differentiation, Solving Higher Order Derivatives, Application
of differentiation in Concepts of elasticity; Elasticity of demand; Average and Marginal functions;
Interrelationships among total, marginal and average cost and revenues. Static Optimization Problems and
their applications. Integration – Rules of Integration, Indefinite Integral, The Definite Integral, Integration
by Substitution; Integration by parts. Application of Integration in Economics: Consumers’ and Producers’
Surplus.
UNIT III: Matrices and Determinants- Types of Matrices, Multiplication of Matrices, Adjoint of a Matrix,
Inverse of a Matrix, Rank of matrix Determinants, Cramer’s’ Rule, Use of Matrix Algebra in solving
Simultaneous Equation System and in Regression Analysis. Jacobian and Hessian determinants and their
use. Input Output Analysis and sums based on it, Leontief’s static open input-output model, Hawkins
Simons Condition. Eigen values and Eigen vectors.

UNIT IV: Linear Programming- graphical method and Simplex Method, The Dual. Other approaches to
optimization. Differential Equations; Definitions and Concepts; First-order Linear Differential Equations;
Exact Differential Equations; Integrating Factors; Separation of variables; Second-order Differential
Equations. Economic Application, Difference Equations: Definitions and Concepts; First-order and
Second-order, Linear Difference Equations; Stability conditions. Economic Applications: Cobweb Model.
Concept of Rate of growth, Present Value, Annuities and their measurements

MAAE- 9026-AGRICULTURAL DEVELOPMENT AND PLANNING

UNIT I: Agricultural Economics: Meaning, Scope and Role in economic development; Interface between
Agriculture and Industry; Schultz’s .prescription of transforming traditional agriculture; Models of
Agriculture Development- Jorgenson’s Model of development of Dual economy, Mellor’s Model of
Agriculture Development, and Boserup Model of Agriculture development; Land Reforms, Agriculture
Development during Planning Periods; Green Revolution; Growth, Productivity and Regional Disparities
in Indian Agriculture; Agrarian Crisis and Farmer Suicide

UNIT II: Development issues - poverty, inequality, unemployment and environmental degradation;
Recycling – Methods and Issues; emerging issues in Organic farming and issues in GM crops; Population
and food supply, Food security and public distribution system in India. Farm Size and Productivity
Relationships, Risk and Uncertainty in Agriculture, Environmental Issues in Agriculture.
UNIT III:Farm Management: Basics; Agricultural Marketing: Existing Structure, Problems, Costs and
Efficiency in the markets, Marketing Reforms, Innovations in Agricultural Marketing System.
Recent trends in agricultural growth in India; Inter-regional variations in growth of output and
productivity; Types of Marketing - Group, Global, Corporate & Forward; Agricultural marketing and price
system in India; Challenges of Agricultural marketing in India.
UNIT IV:Agricultural Price Policy in India-instruments and assessment; Food Security and Public
Distribution System (PDS), Agricultural Finance: Role, Agencies, problems, Policies, Inter-linked
Markets, Value Chain, Market Reforms, Indebtedness.
Cooperative: Organisation, Structure, Functions, Inter-sectoral terms of trade; Agricultural subsidies -
Nature, Trends and Distributional Implications; Agricultural Exports: Nature, Trend, Composition; WTO
and Indian agriculture.
 Institute of Economics & Finance, Bundelkhand University, Jhansi
MBA (Banking & Insurance)
THIRD SEMESTER
MBA (BI) 301- Banking Law & Practices Maximum Marks: 70
Unit 1: Regulatory Framework and Compliances : RBI Act 1934, Banking Regulation Act
1949, Monetary and Credit Policy, Prevention of money laundering Act 2002, Banking
codes and standard board of India.
Unit 2: Negotiable Instruments Act 1881: Negotiable Instrument, Types of Negotiable
Instruments, Parties to Negotiable Instruments, Negotiation of Negotiable Instrument.
Banker and Customer: Definition of customer, banker and customer relationship,
Obligation of a banker, Duty of confidentiality, Insurance of Bank Deposits.
Unit 3: Legal aspects of banking operations : : Legal aspects of a cheque, legal aspects
of a paying banker, legal aspects of collection of a cheque, indemnities, guarantees,
operations in deposit accounts, complaints of customers.
Unit 4: Loans and Advances: Principles of lending credit worthiness of borrowers, types
of credit facilities, priority sector advances, Credit Linked Government sponsored
schemes: Kisan Credit Card Schemes, Financing SHGs, Financing Joint Liability Groups
(JLGs), Trade Finance, export- import finance. Securities for Bank Loans. Electronic
Fund Management System: ATM, RTGS, NEFT, CBS, ECS, CTS; credit and debit cards,
smart cards, electronic fund transfer system, electronic commerce and banking.
Unit 5 : Banking Related Laws: Limitation Act 1963, Bankers’ Book Evidence Act 1891,
Lenders Liability Act, Banking Ombudsman, SARFAESI Act 2002, Lok Adalats, Recovery
of debtors due to banks and financial Institutions Act ,1993 (DRT Act).
Suggested Readings:
 Principles of Banking Law by Ross Cranston, Emilios Avgouleas
 Banking Theory Law and Practice by Mr. K.P.M. Sundaram and P.N.Varshany
 Banking Law by R.N.Chaudhary
 Tannan’s Banking Law by M.L. Tannan
 Practice and Law of Banking by H.P. Sheldon
 Banking law and Practice by R.K. Gupta
 Legal aspects of Bank Lending by M.J. Aslam
 Banking Law and Practice by P.N. Varshney

MBA (BI) 302- Principles of Insurance Maximum Marks: 70

Unit I-Introduction to Insurance: Understanding Risk – Kinds of Risk; Need and Scope
of Insurance; basic principles of insurance; essentials of insurance contracts, types of
Insurance; understanding the risk and return relationship and the role of insurance;
concept of indemnity.
Unit II- Life Insurance: Life Insurance: Meaning, evolution and growth of Life Insurance
in India, principles of life insurance; Life Insurance Organisation in India; types of Life
Insurance Policies- Term, Whole life, endowment, unit linked pension plan, and with or
without profit policy.
Health Insurance: Meaning, Need and Benefits.
Unit III – General Commercial Insurance: General Insurance: Meaning, Nature and
Importance of General Insurance. Types: Fire, Motor, Agriculture and Marine with their
specific features, functions and purpose.
Unit IV- Insurance Documents: Insurance Documents: Proposal Forms, other forms
like Premium Receipt, Policy Contract, Renewal Premium Receipt; Other insurance
documents.
 Institute of Economics & Finance, Bundelkhand University, Jhansi
Unit V- Computation of Premiums/ Bonus: Premium Calculation – including rebates,
mode of rebate, large sum assured policies rebate: Extra premium, under premiums,
computation of benefits, Surrender value and paid up value.
Suggested Readings:
1. P. K. Gupta, Insurance and Risk Management; Himalaya Publishing House,
Mumbai.
2. Insurance Institute of India; Principles of Insurance, Mumbai.
3. Kanika Mishra, Fundamentals of Life Insurance: Theories and Applications,
Prentice Hall.
4. M.N. Mishra, Principles and Practices of Insurance, S. Chand and Sons.
5. Radhaswamy N. Vinayakam and SV Vasudevan, Insurance Principles and
Practice, S. Chand & Co., New Delhi.
MBA (BI) 303- CRM in Banking and Insurance Maximum Marks: 70
Unit 1 Introduction, the criticality of customer relationship, why business should adopt
CRM, implementing CRM; Benefits of CRM, Defining CRM, Relationship building as a
Process, Bonding for customer relationship
Unit 2: Zero Customer Defections, CRM Framework, Market Share; Share of
Customers, Activity Based Costing for CRM
Unit3: CRM in Services – Banking & Insurance, Service Recovery; Characteristics of
Business Markets, Importance of CRM in B2B Markets, Key Account Management,
Customer Value management in Business Market
Unit 4: E-CRM Solutions – Introductions, Data Warehousing, Data Minig and CRM
Campaign management, Sales force automation, Customer Service Support, Interactive
technologies
Unit 5: Technological Solutions for CRM; Contact Centers for CRM, Defining CRM
Strategy, Customer Centric Marketing & Process,Process view of CRM, Budgeting for
attraction vs. retention, retention plans
Suggestive Readings:
 Customer Relationship Management A Strategic Perspective By G Shainesh &
Jagdish N Seth, Macmillan
 Customer Relationship Management Concept & Cases By Alok Kumar Rai,
Prentice Hall of India Private Limited
MBA (BI) 304- Funds Management in Banks Maximum Marks: 70
UNIT-I : Capital Fund and Liquidity Management in Commercial Banks : Theories of
Liquidity Management; Priorities in the Employment of Bank Funds; Problems in
Resource Allocation in India; Meaning and Functions of Capital Funds; Standard to
Measure Capital Adequacy; Capital Adequacy – Present Position in India.

UNIT-II : Management of Primary and Secondary Reserves in Commercial Banks :

Nature and Purpose of Primary Reserves; Legal Reserves – Nature and Functions;
Working Reserves – Nature and Functions; Cash Management in Commercial Banks;
Nature and Function of Secondary Reserves; Factors Influencing Secondary Reserves;
Estimation and Management of Secondary Reserves.

UNIT-III : Management of Bank Deposits and Loans: Concept of Bank Marketing;

Marketing Approach to Deposit Mobilisation; Marketing Strategies for Banks –
Opportunity Analysis, Target Market and Competitive Positioning; Implementing
Marketing Strategy; Characteristics of Commercial Loans; Loan Policy; Evaluating Loan
 Institute of Economics & Finance, Bundelkhand University, Jhansi
Application – Credit Information, Credit Analysis and Credit Decision; Priority Sector
Lending Policies in India.

UNIT- IV: Risk Management in Banks: Introduction to risk management- Types of risk
: Market Risk, Interset Rate risk, Credit risk , Operational Risk, Liquidity Risk. Hedeging
risk at banks: Tools for hedging interst rate risk, FRA’s, Interset rate Swaps, Interst Rate
futures, Tools for Hedging Credit Risk

Unit V : Funds Mangament in banks at International Level:

References :

1. Bakerwelford, A.W. and WW Otter Barry : Law Relating to Fire Insurance,

Butterworth & Co. Ltd., London.
2. Dinsdale, W.A. : Elements of Insurance, Pitman. Government of India,
Insurance Act 1937 as amended. Jadhav, Narendra : Challenges to Indian Banking,
ed., Macmillan, New Delhi.
3. Joet, Bessis : Risk Management in Banking, John Wiley,
4. Kotch, Timothy W : Bank Management, Dryden Press, Chicago.
5. Sharma, R.S : Insurance Principles and Practice, Vora, Delhi.

MBA (BI) 305- Treasury Operation & Risk Management Maximum Marks: 70
Objective: To learn concepts and functions related to treasury management, acquire
knowledge and understanding of financial risk management.
Unit-1 Financial Markets- Money Market – Need for the Market – Instruments of Money
Markets, Types of Interest Rate Quotations, Treasury Management, Objectives of
Treasury, structure & Organization,
Unit-2 Functions and Responsibility of Treasurer, Cost Centre, Profit centre, Integrated
Treasury, Planning and Control, Liquidity Management CRR/CCIL/RTGS,
Unit-3 Implication of Treasury on International Banking, Regulations, Supervision and
Compliance of Treasury operations , Role of RBI, Bond Dynamics, Fixed Income
Securities, other Capital Market Instruments. Accounting Valuation and Elimination of
Exposures, Role of Information Technology in Treasury Management.
Unit-4 Forex Market Derivative Markets – Futures, Options, Swaps Foreign Exchange
Markets – Role of Banks in the Market – Spot And Forward Mechanism, Swap, Outright
Deals And Dealer Operations – Premium And Discount, New Instruments, forex
valuation,
Unit-5 Risk Management., Risk Definition – Risk Measurement and Control, Asset
Liability Management, Risk Hedging – Derivatives –Basel II – Challenges and
Implementation Role of Mid Office/Risk Management Department
Suggested Readings: 1) Book Published By Institute of Banking And Finance –Theory &
Practice of Treasury and Risk Management in Banks- By Taxman Publications Pvt Ltd.
2) Foreign Exchange Handbook -- H P Bhardwaj
3) Foreign Exchange, Intl Finance & Risk Management by A.V.Rajwade

MBA (BI) 306- Project Evaluation & Viva Voce Maximum Marks: 100
 Institute of Economics & Finance, Bundelkhand University, Jhansi
MBA (Business Economics)
THIRD SEMESTER
MBA (BE) 301 Problem and Policies of Indian Economy Marks:70
Course Objective: This course will allow the student to gain knowledge about the major
developments and issues in Indian economy. Starting with the debate on growth and development
in Indian economy this course discusses the sectoral balances and key issues in financial and
external sectors of the economy.
Unit -I (Changes in the Indian Economy)
Analysing the structure and growth performance of Indian economy since independence
Unit-II (Inter-Sectoral balance & Challenges of development)
Agriculture, industry and infrastructure; service sector led growth, Poverty , education ,
unemployment , MDG (Millennium development goals) & SDG (Sustainable development goals)
, Demographic dividend.
Unit- III (Financial Sector)
Indian financial sector : its structure and reforms, Monetary Policy, Capital Market: its Growth ,
problems and reforms.
Unit- IV (Public Finance)
Fiscal Imbalances in the Indian Economy , Sustainability of public Debt and Fiscal Deficits in
Central and State Finances.
Unit- V (External Sector)
Analysis of trade policy in post reform period, Liberalised exchange rate system, Trend and
problems of Foreign Direct Investment and Foreign Institutional investment in India, WTO and
India
Readings:
Acahya Shankar and Rakesh Mohan (2011), India’s Economic Performance and Challenges:
Essay’s in Honour of Montek S Ahluwalia, , Oxford University Press.
Ahluwalia, I J (1985), Industrial Growth in India, Oxford University Press, New Delhi
Ahluwalia, I.J. and IMD Little (2011), India’s Economic Reforms & Development: Essays in
Honour of Manmohan Singh, Oxford University Press, New Delhi
Ahluwalia, Montek Singh (2002) Economic reforms in India since 1991, has gradualism worked?
Journal of economic perspectives summer Bardhan, P. (2001) Political economy of development
in India ,New Delhi, Oxford University Press
Basu, K. (Ed.) (2005), India’s emerging economy, India, Oxford University Press
Brahmananda, P R and V R Panchmukhi (1987) The Development Process of Indian
Economy,Himalya Publishing House, Bombay.
Brahmananda, P R and V R Panchamukhi, (2001), Development Experience in the Indian
Economy:Inter-State Perspectives, Bookwell, Delhi.

MBA (BE) 302 Project Economy & Management Marks: 70

Course objective: This course aims to equip students for understanding the importance of the
new investment project vis-à-vis total economy functioning. Further, the students would be able to
prepare feasibility report for any new venture / start - up, understand its planning and
implementation.
 Institute of Economics & Finance, Bundelkhand University, Jhansi
Unit – I (Project Appraisal)
Introduction, Project Cycle, Development Planning & Project Choice, Project Identification and
Design,
Unit II- (Market & Technical Analysis)
Market and Demand Analysis of a Project, Competitiveness of the market. Technical Analysis,
Business and Technology, Acquisition, Management of Technology.
Unit III- (Financial Analysis of a Project)
Estimate Cost of project, means of finance, working capital requirements and financing, time
value of money, cost of capital, Evaluation of project investments using non discounting and
discounting criteria.
Unit- IV (Economic Analysis of a Project)
Rationale for social Cost Benefit Analysis, UNIDO Approach to Project Appraisal, Little Mirrless
Approach, World Bank Approach, Project Appraisal and Indian Plans.
Unit - V (Impact, Risk and Sensitivity Analysis of a Project)
Environment impact, Benefit Estimation in social and infrastructure Projects, Scenario Analysis,
Simulation Approach and Decision Tree Analysis
Reading list
1. Boardman A, D Greenberg, A Vining and D Weimer (2014).Cost-Benefit Analysis – Concepts
and Practice, Harlow: Pearson.
2. Chandra, Prasanna (2010). Project Planning Analysis Selection Implementation and Review,
Tata McGraw Hill Publication.
3. Clifton, David and David Fyfee (1977).Project Feasibility Analysis, Wiley- Inter science
Publication
4. Cuervo, Alvaro, Domingo Ribeiro and Salvador Roig (2007). Entrepreneurship,Springer
5. Glasson J, R Therivel and A Chadwick (2012). Introduction to Environmental Impact
Assessment, Routledge.
MBA (BE) 303 Industrial Economics Marks: 70
UNIT I: STRUCTURE - CONDUCT - PERFORMANCE PARADIGM Definition of
Industrial Economics, The Structure, Conduct, Performance model/framework with and without
feedbacks and its critique, The Firm: Principal-Agent problem, Hold Up Problem, Tapered
Integration, Franchising, Sustainable Competitive Advantage, Casual Ambiguity . Theories of
Industrial location, Industrial structure : Private and Public sector, Large, MSME, Village
industries, Industrial productivity and its tools. Sick Industries and its revival, Problems of Small
Scale Industries. Role of Banking Sector in Industrialization
UNIT II: MARKET STRUCTURE, POWER AND CONCENTRATION Theories of
Measurement of Concentration: deterministic and Stochastic Approach - Lerner and Herfindahl
Index, Concentration and Market Power: Theory and Empirical Estimation, Conduct and Market
Power: Empirical Estimation, Collusion and Efficiency Hypothesis
UNIT III: BARRIERS TO ENTRY Entry Cost and Market Structure, Endogenous versus
Exogenous Entry Cost, Free Entry and Social Welfare - Strategic Behavior, Entry and Exit: Entry
deterrence, Predation, Mergers, Amalgamations and Acquisitions, Joint venture.
UNIT IV: VERTICAL INTEGRATION, PRODUCT DIFFERENTIATION AND
ADVERTISING Double Marginalization and Two Part Tariffs, Retailers Competition,
Investment Externalities, Indirect control, Manufacturer Competition, Vertical Restraints -
 Institute of Economics & Finance, Bundelkhand University, Jhansi
Horizontal and Vertical Differentiation, Product differentiation and Market power, Product
Positioning, Imperfect Information and Switching cost
UNIT V: TECHNICAL PROGRESS & PERFORMANCE Market Structure and Incentives
for Research and Development, The Dynamics of R&D Competition, Public Policy,
Organizational Inertia, Patent and Copyright Protection, Industrial policy 1991, Foreign
Investment, Role of MNC and Foreign Collaborations. Current
References:
1. Roger Clarke, Industrial Economics (Oxford: Basil Blackwell, 1985)
2. Luis M Cabral, Introduction to Industrial Organization, The MIT Press
3. Stephen Martin, Industrial Economics, Blackwell Publishers
4. Fergusen and Fergusen, Industrial Economics.
5. Stephen Martin, Advanced Industrial Economics

MBA (BE) 304 International Trade & Business Marks: 70

Unit I: Globalization Concept of Globalization, Globalization of Market and Production,
Changing nature of the global economy, Drivers of Globalization, Role of technological change in
Globalization, Changing demographics of the global economy: (changing world output and world
trade picture, changing foreign direct investment picture, changing picture of Multinational
Enterprises (MNE), Global Economy of the 21st century, Meaning and role of Regional Economic
Integration, Globalization debate and Antiglobalization protests, Cocept of World Labour
policies and Environment.
Unit II: National Differences National Differences in Political, Economic, Legal System,
Culture and Economic Development, Ethics, Corporate Social Responsibility, and Sustainability
Unit III: Global Trade and Investment Environment and Global Monetary System
International Trade Policy, Government Policy for International Trade, Foreign Trade Investment,
Regional Economic Integration, The Foreign Exchange Market, International Monetary System,
Global Capital Market.
Unit IV: The Strategy and Structure of International Business Organization of International
Business, Entry Strategy and Strategic Alliances. International Logistic, International Marketing
Unit V: International Business Functions Exporting, Importing, and Countertrade, Global
Production and Supply Chain Management, Global Marketing and R&D, Global Resource
Management, Accounting and Finance in the International Business.
Unit VI : Case Studies
 Making the Apple iPhone
 Revolution in Egypt
 Ghana an African Dynamo?
 Walmart Can’t conquer all countries
 The Rise of India’s Drug Industry
 Oriegn Retailers In India
 Amazon Kindle Evolution
 Export challenges to MSMEs: A case Study of Indian handicraft Industry

Suggestive Readings
1. Charles W.L. Hill, G. Thomas M. Hult, Rohit Mehtani, International Business, McGraw
Hill Education(India) Private Limited
2. International Management - Culture, Strategy, and Behavior (5 ed) by Richard Hodgetts
and Fred Luthans, McGraw-Hill, 2003. (Supplemental Reading). (Code: IM)
3. Anthony R.N., D.F. Hawkins and K.A. Merchant, Accounting: Text and Cases, McGraw
Hill, 1999
 Institute of Economics & Finance, Bundelkhand University, Jhansi
4. Richard G. Schroeder, Myrtle W. Clark and Jack M. Cathey, Financial Accounting
Theory and Analysis, Text Readings and Cases, John Wiley and Sons, 2005.
5. Ahmed RiahiBelkaoui, Accounting Theory, Quorm Books, 2000.

MBA (BE) 305 Service Sector Economics Marks: 70

Unit-I Concept of service- Attributes of service, Main types of services and their classification,
service-goods relationship, economic services; Rural-Urban Services-dualism. Services Economy-
Concept and its role in development, Knowledge Economy- Concept and Characteristics,
Innovation and Research & Development
Unit-II Services and information Technology-The Interconnection-Promotion of Services through
IT in India; Financial Services-Security Markets and their Management in India- Management and
Marketing of financial services in India
Unit-III Travel, Transport, Communication, Insurance and Tourism: interrelationship – Growth of
Transport-Transport Planning –Development of infrastructure-Role of the State and PrivateSector;
Hospitality and Entertainment Service-Hotel industry-Feasibility and Planning of Hospitality - Hotel
Regulations-Tariff clarification-Food and Catering Services
Unit-IV Dynamics of services sector growth in India, Three-sector hypothesis and India, Role of
service sector in Indian Economy, Decomposition of Services sector growth in India and its
implications.
Unit-V Employment in Services Sector- a gender perspective; Business Services,
Telecommunications, Tourism, Hotel, Real estate, IT and insurance sector in India Public Private
Partnerships in Services
Suggested Reading List
1. A.K. Bhatia – International tourism: Fundamentals and Practices
2. U.A. Avadani, ‘Investment and Security Markets in India’, Himalaya Publishing House, Bombay
3. R.K.Sen and B.Chatterjee, ‘Indian Economy Agenda for the 21st Century’ Deep and Deep
Publications, New Delhi
4. Baumol, W.J., Blackman, S.A. Batey and Wolff, E.N. (1985) Unbalanced Growth Revisited:
Asymptotic Stagnancy and New Evidence. American Economic Review 75:806-17.
5. Glasmeier, A. and Howland, M. (1994), Service-led Rural Development: Definitions, Theories and
Empirical Evidence, International Regional Science Review, 16, 197-229

MBA (BE) 306 Project Evaluation & Viva Voce Marks: 100