University of Delhi BBA (FIA) Notification - Corporate Finance PDF
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University of Delhi
2023
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Summary
This notification from the University of Delhi details amendments to Ordinance V, specifically adding the syllabus for Semester-III of the Department of Finance & Business Economics. It outlines the course content, objectives, and learning outcomes for two courses, DSC 7: CORPORATE FINANCE and DSC 8: FINANCIAL MARKETS & INSTITUTIONS. The document covers topics relating to various financial concepts within the context of business administration and financial investments.
Full Transcript
UNIVERSITY OF DELHI CNC-II/093/1(25)/2023-24/65 Dated: 29.05.2023 NOTIFICATION Sub: A...
UNIVERSITY OF DELHI CNC-II/093/1(25)/2023-24/65 Dated: 29.05.2023 NOTIFICATION Sub: Amendment to Ordinance V [E.C Resolution No. 60/ (60-1-9) dated 03.02.2023] Following addition be made to Appendix-II-A to the Ordinance V (2-A) of the Ordinances of the University; Add the following: Syllabi of Semester-III of the Department of Finance & Business Economics under Faculty of Applied Social Sciences & Humanities based on Under Graduate Curriculum Framework -2022 implemented from the Academic Year 2022-23. Bachelor of Business Administration (Financial Investment Analysis) [BBA (FIA)] (FASSH) DSC 7: CORPORATE FINANCE Credit distribution, Eligibility and Pre-requisites of the Course Course title Credit Credit distribution of the course Eligibility Pre- & Code s criteria requisite of Lecture Tutorial Practical/ the course Practice (if any) DSC 7: 4 3 1 NIL Class XII NIL CORPORAT E FINANCE Course Objectives: To provide an understanding of the essential elements of the financial environment in which the business firm operates. To acquaint students with the techniques of financial management and it’s applications for business decision making. It aims to give and develop in the students the viewpoint of the CFO of a firm, though it will also be useful in developing relevant skills for various strategic finance roles in the modern business entities. 1 Learning Outcome: After studying this course, the student will be able to: Understand the basic concepts of financial management. Understand how to coordinate various decisions to maximize wealth of an organisation in today`s financial environment. Equipped to arrive at strategic corporate finance decisions with the required accuracy which will be aided by using various excel functions. Course Contents: Unit 1 (8 Hours) Nature of Financial Management: Finance and related disciplines; Scope of Financial Management; Profit Maximization, Wealth Maximization. Functions of Finance – Finance Decision, Investment Decision, Dividend Decision; Risk-Return Trade-off in Finance Functions. Organisation of finance function; Concept of Time Value of Money – present value, future value, annuity, growing annuity, perpetuity, growing perpetuity, excel functions of time value of money. Unit 2 (16 Hours) Strategic Investment Decisions: Capital Budgeting– Nature and meaning of capital budgeting; Principles and Process; Estimation of relevant cashflows and terminal value; Evaluation techniques– Payback period, Accounting Rate of Return, Payback Period, Net Present Value, Internal Rate of Return & MIRR, NPVvs.IRR, Net Terminal Value, Profitably Index Method, Risk analysis in Capital Budgeting-Sensitivity and Scenario analysis, Certainty Equivalent Approach, RADR, Real options, excel functions of capital budgeting techniques. Cost of Capital: Meaning and concept, Measurement of cost of capital-Cost of debt; Cost of Equity Share; Cost of Preference Share; Cost of Retained Earning; Computation of over-all cost of capital based on Historical and Market weights(WACC); Adjusting cost of capital for risk. Unit 3 (12 Hours) Strategic Financing Decisions – Capital Structure, Theories and Value of the firm – NetIncome approach, Net Operating Income approach, Traditional approach, Modigliani Miller (MM) model, HAMADA model; Determining the optimal capital structure, Checklist for capital structure decisions, Costs of bankruptcy and Financial distress, Trade off models, Pecking Order Theory. Leverage analysis and EBIT-EPS Analysis: Concept of leverage, Types of leverage: Operating leverage, Financial leverage, Combined leverage; EBIT-EPS Analysis, Guidelines for capital structure planning, Link between capital structure and capital budgeting Dividend Decisions: Factors determining dividend policy, Theories of dividend – Gordon model, Walter model, MM Hypothesis, Signaling Theory, Forms of dividend–Cash dividend, Bonus shares, Stock split, Dividend policies in practice, Patterns observed in payout policies worldwide. Unit 4 (9 Hours) 2 Working Capital Management Working Capital Management: Determination of Working Capital. Determining financing mix of working capital. Receivables Management – Objectives; Credit Policy, Cash Discount, Debtors Outstanding and Ageing Analysis; Costs – Collection Cost, Capital Cost, Default Cost, Delinquency Cost. Management of Cash (Theory only) – Need for Cash, Cash Management Techniques (Lock box,Concentration Banking). Inventory Management (Theory only) – ABC Analysis; Minimum Level; Maximum Level; Reorder Level; Safety Stock; EOQ (Basic Model). Essential Readings: (Latest editions of the following to be used) 1. Berk, J., & DeMarzo, P. (5th ed.).Corporate Finance, Pearson - Prentice Hall. 2. Horne, J. C. V., & Wachowicz, J. M., Jr. (13th ed.). Fundamentals of Financial Management. Prentice Hall, Pearson Education. 3. Pandey, I. M. (n.d.). Financial Management. Pearson. Additional Readings: 1. Khan, M.Y. & Jain, P.K.(n.d.) Financial Management Text Problem and Cases, Tata Mc Graw Hill Publishing Co. Ltd. 2. Brealey, R.R., Myers.S., Allen, F.,&Mohanty, P.(n.d.)Principles of Corporate Finance. New Delhi: Tata Mc-Graw Hill. Teaching – Learning Process The teaching-learning process for this paper would include classroom lectures and tutorials; Case study discussions; class presentations; Workshops. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words Finance, Capital Budgeting, Wealth Maximization, Cost of Capital, Dividends, Leverage. 3 DSC 8: FINANCIAL MARKETS & INSTITUTIONS Credit distribution, Eligibility and Pre-requisites of the Course Course title & Credits Credit distribution of the course Eligibility Pre-requisite of Code criteria the course (if any) Lecture Tutorial Practical/ Practice DSC 8: 4 3 1 NIL Class XII NIL FINANCIAL MARKETS & INSTITUTIONS Course Objectives: The objective of this paper is to introduce students to role and functioning of financialmarkets,financialproductsthataretradedinsuchfinancialmarketsandinstitutions associatedwithfinancialmarkets. It explains the role of financial system on economic development. Various conceptual issues related to risk and return, the role of regulatory bodies, mechanism of commercial banking, operations of insurance companies and mutual funds are discussed elaborately. This will enable them to take the rational decision in financial environment. Learning Outcomes: After studying this course, the student will be able to: Financial architecture of an economy and its keyplayers. The fabrication of Indian Financial markets. Working of Capital market, debt market, money market in India FunctioningofdifferentplayersinfinancialmarketincludingRegulators. Course Contents: Unit1: IndianFinancialSystemand majorInstitutions (12 Hours) Structure of Indian Financial System: An overview of the Indian financial system, major reforms in the last decade: Payment banks, GST, innovative remittance services, Insolvency and Bankruptcy code. Regulatory Institutions in India: RBI, SEBI, IRDA, PFRDA. Commercial Banking: Role of Banks, NPA, Risk Management in Banks. Universal Banking: need and importance, Core banking solution (CBS), NBFCs and its types; comparison between Banks and NBFCs. Unit 2: Financial Markets in India (9 Hours) Introduction to Financial Markets in India: Role and Importance of Financial Markets, Types of Financial Markets: Money Market; Capital Market; Linkages Between Economy and Financial Markets, Integration of Indian Financial Markets with Global Financial Markets, Primary Market: Instruments, book building process (numerical). Merchant Bank: role and types, Mutual Fund: types of Mutual Funds and different types of schemes. Corporate 4 Listings:Listing and Delisting of Corporate Stocks, Foreign Exchange Market: Introductory, only Conceptual. Unit 3: Capital Market in India (12 Hours) Introduction to Stock Markets, Regional and Modern Stock Exchanges, International Stock Exchanges, Demutualization of exchanges, Indian Stock Indices and their construction. Major Instruments traded in stock markets: Equity Shares, Debentures, Exchange Traded Funds. Trading of securities on a stock exchange; Selection of broker, capital and margin requirementsofabroker,MTMandVARMargins(withnumerical),kindsofbrokers,openingofanac counttotradeinsecurities,DEMATSystem,placinganorderforpurchase/sale of shares, contract note and settlementof contracts, Commodity Markets – Structure. Unit4: MoneyMarkets&DebtMarketsinIndia (12 Hours) MoneyMarket:Meaning,roleandparticipantsinmoney markets,Segmentsofmoneymarkets, Call Money Markets, Repos and reverse Repo concepts, Treasury Bill Markets, Certificateof Deposit and Commercial Paper (with numerical). Debt Market: Introduction and meaning, Primary Market for Corporate Securities in India:Issue of Corporate Securities, Secondarymarket for government/debt securities (NDS-OM), Auction process (with Numerical), CorporateBondsvs. Government Bonds. Retail Participation in Money and Debt Market-RBI Retail Direct platform. Essential Readings 1. Bhole, L. M., & Mahakud, J. (2018). Financial Institutions and Markets: Structure, Growth and Innovations (6th Edition). McGraw Hill Education. 2. Saunders, A., & Cornett, M. M. (2007). Financial Markets and Institutions (3rd ed.). Tata McGraw Hill. 3. Pathak, B. V. (2008). Indian Financial System: Markets, Institutions and Services (2nd ed.). Pearson Education. 4. Khan, M. Y. (n.d.). Financial Services. McGraw Hill Education. AdditionalReadings: 1. Madura, J. (2008). Financial Institutions and Markets. Cengage Learning EMEA. 2. Kohn, M. G. (2004). Financial Institutions and Markets. Oxford University Press. 3. Fabozzi, F. J., & Modigliani, F. (2005). Capital Markets: Institutions and Markets (3rd ed.). Prentice Hall of India. Teaching Learning Process: Lecture, discussion, Power Point presentations, Course Contents: may be discussed in light of latest SEBI regulations and RBI guidelines. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words: Indian Financial System, Financial Markets, Financial Institutions, Capital Market, Money Market, Debt Markets. 5 DSC 9: CORPORATE LAW Credit distribution, Eligibility and Pre-requisites of the Course Course title & Credits Credit distribution of the course Eligibility Pre-requisite of Code criteria the course (if any) Lecture Tutorial Practical/ Practice DSC 9: 4 3 1 NIL Class XII NIL CORPORATE LAW Course Objective(s): In view of increasing emphasis on adherence to norms of good corporate governance, Company Law assumes an added importance in the corporate legislative it deals with structure, management, administration and conduct of affairs of Companies and to understand the applications of company laws to practical commercial situations. Learning Outcomes: After studying this course, the student will be able to: Identify the different types of contracts and their characteristics. Analyze special contracts such as contract of indemnity and guarantee, bailment and pledge, and agency. Acquire theoretical and practical perspective on many aspects of Indian companies Act. Understand the concept of formation, functioning, meetings, directors and winding off of company. Develop critical thinking through the use of company law cases. Understand consequences of applicability of contract and Insolvency and bankruptcy laws in business situations. Course Contents: Unit 1 (16 Hours) The Indian Contract Act 1872:Meaning and Essentials of contract; Kinds of contract; law relating to offer and acceptance, consideration, competency to contract, free consent, void agreements, performance of contracts, discharge of contracts, breach of contracts and quasi contract; Special contracts: contract of indemnity and guarantee, bailment and pledge, and agency. Unit 2 (12 Hours) The Companies Act 2013:Meaning and Nature of Company with Emphasis on its Advantages and Disadvantages over other forms of Business organizations, Comparison between Company 6 and Partnership and Company and Limited Liability Partnership, Kinds of Companies–Public, Private, Holding, Subsidiary, Limited and Unlimited Companies, Share-holding and Guarantee Companies, Small company, One person company, Government company and foreign company. Unit 3 (12 Hours) Incorporation and Documents of Company; Incorporation of Company, Procedure of registration, Certificate of Incorporation, Promoters and their position, Powers, Duties and Liabilities; Memorandum of Association (MOA), Articles of Association (AOA), Alteration of MOA and AOA; Prospectus and its Kinds, Directors: Duties of Directors and their Criminal and Civil liabilities. Company meetings: Kinds of Meetings, Essential Conditions of a Valid Meeting, Procedure for Calling Company Meeting; Adjudicatory Bodies: National Company Law Tribunal; National Company Law Appellate Tribunal – Constitution, Powers, Jurisdiction, Procedure; Winding up of Companies. Unit 4 (5 Hours) Insolvency and Bankruptcy Code 2016:Introduction of Insolvency and Bankruptcy Code 2016 (IBC), purpose behind enactment of IBC, regulatory mechanism, Insolvency Process, Adjudicating authority, Committee of creditors, Reorganization, Liquidation. Essential Readings: 1. Singh, A. (n.d.). Principles of Mercantile Law. Eastern Book Company. 2. Kapoor, G. (n.d.). Business Law. New Age International Pvt. Ltd Publishers. 3. Maheshwari, M., & Maheshwari, S. (n.d.). Principles of Mercantile Law. National Publishing Trust. 4. Aggarwal, R. (n.d.). Mercantile & Commercial Law. Taxmann. Teaching – Learning Process: Lecture, Discussion, Presentations, Course contents shall be discussed in the light of relevant case laws. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words: Indian Contract Act, Companies Act, Insolvency and Bankruptcycode. 7 DISCIPLINE SPECIFIC ELECTIVE (DSE) COURSES DSE 1: PROJECT APPRAISAL AND FINANCING Credit distribution, Eligibility and Pre-requisites of the Course Course title & Code Credits Credit distribution of the course Eligibility Pre- criteria requisite of Lecture Tutorial Practical/ the course Practice (if any) DSE 1: PROJECT 4 3 1 NIL Class XII NIL APPRAISAL AND FINANCING Course Objectives: To provide an understanding to the students about identification of a project, feasibility analysis, alternative project appraisal techniques, Project financing. Learning Outcomes: On successful completion of this course, the students will be able to: Apply various methods of project Appraisal. Use Capital Budgeting techniques for financial evaluation and selection of Projects. Understand the concept and application of Social Cost and Benefit Analysis. Carry out Risk Analysis for business projects and identify alternative sources of financing. Apply appraisal techniques for evaluating live projects. Course Contents Unit 1: Introduction to Projects and their Appraisal (9 Hours) Project Definition, Project Identification, Project Life Cycle, Project Stakeholder Analysis, Feasibility study.Types of Project Appraisal (Brief Overview): Market and Demand Analysis, Technical Appraisal, Financial Appraisal, Economic Appraisal, Managerial Appraisal, and Social Appraisal. Unit 2: Financial and Social Appraisal (15 Hours) Project Cost and its components, Investment Evaluation Methods (Non-Discounting and Discounting Methods): Payback Period, Accounting Rate of Return, Discounted Payback Period,Net Present Value, Profitability Index, Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR). Suitability of Methods to different Projects, Investment Evaluation in Practice. Social Appraisal: Rationale for Social Cost Benefit Analysis, Approaches of SCBA 8 (UNIDO and Little-Mirrlees Approach), Environment Impact Assessment (EIA) and Social Impact Assessment (SIA) of Projects. Relevant Case Studies. Unit 3: Project Risk Analysis (12 Hours) Risk Analysis and Management: Sources and Measures of Risk. Methods of Assessing Risk – Sensitivity Analysis, Scenario Analysis, Break-Even Analysis, Simulation Analysis, Decision Tree Analysis, Project Selection under Risk – Judgmental Evaluation, Payback Period, Risk Adjusted Discount Rate Method, Certainty Equivalent Method, Strategies for Risk Management. Unit 4: Project Financing (9 Hours) Capital Structure; Choices of Financing; Sources of Financing – Internal Accruals, Equity Capital, Preference Capital, Debentures (or Bonds), Term Loans, Venture Capital, Private Equity, Venture Capital Vs Private Equity, Loan Syndication, Consortium Financing, Public Private Partnership (PPP), Securitization, Crowd Funding; Raising Capital from International Markets: Foreign Issue, Foreign Direct Investment (FDI), External Commercial Borrowings (ECB). Essential Readings: 1. Chandra, P: Projects – Planning, Analysis, Selection, Financing, Implementation, and Review. 2019 Edition. McGraw Hill Education. 2. Agrawal, R., & Mehra, Y. S. (2017). Project Appraisal and Management. Taxman Publications. Additional Readings: 1. Goodpasture, C.JQuantitative Methods in Project Management. J. Ross Publishing. 2. Chandra, P,Financial Management: Theory and Practice, McGraw Hill Publishing. Teaching Learning Process: Class room lecture, Numerical Problem solving, Case study discussion, Class presentationon the assigned topic by students individually or in group, Workshop, Tutorials, Role play. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words Project Appraisal, Market and Demand Analysis, Technical Appraisal, Financialand Investment Appraisal, Risk Analysis, Socio-Economic Appraisal, Project Financing. 9 DSE 2: DIGITAL FINANCE CREDIT DISTRIBUTION, ELIGIBILITY AND PRE-REQUISITES OF THE COURSE Course title & Code Credits Credit distribution of the course Eligibility Pre- criteria requisite of Lecture the course (if any) DSE 2: DIGITAL FINANCE 4 3 1 NIL Class XII NIL Course Objective(s): The goal of the course is to get the students acquainted with the dramatic changes in the financial sector generated by the digital revolution. Learning Outcomes: After studying this course the student will get the: Understanding of the nature of digital revolution in finance. Knowledge of key digital technologies and products, and state reaction to the digital revolution. Knowledge of FinTech, big data analytics and new financial business models. Course Contents: Unit 1: Digital Transformation of Finance (4 Hours) A Brief History of Financial Innovation, Digitization of Financial Services, Introduction to FinTech & Funds, FinTech Transformation, FinTech Typology, Collaboration between Financial Institutions and Start-ups. Introduction to Regulation and future of RegTech. Crowdfunding- Role of finance in economy, the role of financial intermediaries, Types and functioning of crowdfunding markets, Differences between traditional funding models and crowdfunding markets, Informational problems in the crowdfunding model. Unit 2: Payment Systems (9 Hours) Digitalization of the payment system. The historical evolution of the payment system., Attributes of a well-functioning payment system., Banks as guarantors of the payment system, new entrants and new payment models: risks for the banking system. FinTech applications in Banking & Non-Banking Financial Companies (NBFCs); Insurance; payments; Lending; Audit; and Compliance. Electronic Clearing Service (ECS) ,Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Growth of Digital Payments in India, RBI guidelines on Digital Payments. Unit 3: Crypto Assets and Blockchains (16 Hours) Introduction: Crypto an asset for trade and Crypto-currency, Problems with issuerscredibility, Fin Tech & Securities Trading; Cryptocurrencies and its future as currency, blockchain as a registration mechanism, Functioning of the block chain system. The integration of digital 10 currency and blockchain and issuers incentive problems; Proptech: FinTech of Real Estate; Possible alternative uses of blockchain technology in the economy and difficulties in its implementation. Use of bitcoin in money laundering., The regulatory debate. Introduction of Central Bank Digital Currency (CBDC). Other Emerging Financial Technologies: Internet of things (IOT) & AR/VR applications. Unit 4: FinTech, Big Data Analytics, and new Financial Business Models (16 Hours) The use of data in traditional credit decisions, the combination of big data and machine learning to improve financing decisions., Smart accounts, customized financial products, risk management and fraud prevention., High frequency trading: opportunities and risks. Digital security, Challenge of confidentiality, integrity and availability, Digital securities as a new systemic risk in the economy. Regulations on cybersecurity. Latest development in the field of Digital Finance. Essential Readings: 1. Lynn, T., Mooney, J. G., Rosati, P., & Cummins, M. (2019). Disrupting finance: FinTech and strategy in the 21st century. Springer Nature. 2. Beaumont, P. H. (2019). Digital Finance: Big Data, Start-ups, and the Future of Financial Services. Routledge. Additional Readings: 1. Phadke, S. (2020). FinTech Future: The Digital DNA of Finance. Sage Publications. 2. Maese, V. A., Avery, A. W., Naftalis, B. A., Wink, S. P., & Valdez, Y. D. (2016). Cryptocurrency: A primer. Banking LJ, 133, 468. Teaching – Learning Process: Lecture, discussion, Power Point presentations, Case Studies, Workshop, Tutorials. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words Crowdfunding, Bitcoin, Blockchain Technology, Fintech, Digital Security, Cryptocurrency. 11 DSE 3: INSURANCE MANAGEMENT Credit distribution, Eligibility and Pre-requisites of the Course Course title & Code Credits Credit distribution of the course Eligibility Pre- criteria requisite Lecture of the course (if any) DSE 3: INSURANCE 4 3 1 NIL Class XII NIL MANAGEMENT Course Objectives: To enable students to identify and manage different types of risks. They will be able to understand the concepts, types and principles of Insurance. Further, they will know the important aspects and technical components of management of Insurance business. Learning Outcomes: On successful completion of his course, the students will be able to: identify and analyze various types of risks faced by individuals and businesses, evaluate the role and importance of insurance in mitigating these risks, and differentiate between different types of insurance understand the principles of risk management, techniques for managing risks, and legal principles governing insurance contracts, and develop an understanding of real-world risk management scenarios. understand the legal Characteristics and components of insurance contracts, underwriting principles, claims settlement process, and the regulatory framework of the insurance industry in India. comprehend the different aspects of insurance business management, including reinsurance, alternative risk transfer, investments, rate-making, coinsurance, and important provisions of insurance policies. Course Contents Unit 1: Insurance and Risk (12 Hours) Risk – Definitions of Risk, Chance of Loss, Peril and Hazard, Classification of Risk, Major Personal Risks and Commercial Risks, Burden of Risk on Economy and Society. Insurance – Definition of Insurance, Basic Characteristics of Insurance, Law of Large Numbers, Characteristics of an Ideally Insurable Risk, Benefits and Costs of Insurance to Society. Life and General Insurance: Types, Difference between Life and General insurance. Unit 2: Insurance Principles & Risk Management (12 Hours) Risk Management – Meaning of Risk Management, Objectives of Risk Management, Steps in the Risk Management Process, Techniques for Managing Risk, Benefits of Risk Management. Personal Risk Management. Enterprise Risk Management (briefly) – Concept & Benefits. Case Studies on Management of different Personal and Business Risk to be discussed. Fundamental 12 Legal Principles – Principle of Indemnity, Principle of Insurable Interest, Principle of Subrogation, Principle of Utmost Good Faith. Requirements of an Insurance Contract. Unit 3: Insurance Company Operations (12 Hours) Requirements of anInsurance Contract, Distinct Legal Characteristics of Insurance Contracts. Components of Insurance Contracts – Declarations, Definitions, Insuring agreement, Exclusions, Conditions, and Miscellaneous provisions. Underwriting – Underwriting Policy, Underwriting Principles, Sources of Underwriting Information. Sales and Marketing activities of Insurers. Claims Settlement – Basic Objective, Parties Involved & Steps in Settlement Process. Endorsements and Riders. Deductibles – Concepts and Purpose of Deductibles. Regulatory Framework of Insurance in India (briefly) – Insurance Legislation and IRDA. Unit 4: Important Aspects of Insurance Business Management (9 Hours) Reinsurance – Definitions, Reasons for Reinsurance, Types of Reinsurance – Facultative & Treaty Reinsurance, Methods of Sharing Losses (Numerical Qs). Alternatives to Traditional Reinsurance – Securitization of Risk and Catastrophe Bonds. Insurance and Investments – Life Insurance Investments, Property and Casualty Insurance Investments. Rate Making – Concept, Objectives, Rate Making Methods (Numerical Qs) – Judgement, Class and Merit Rating Method. Coinsurance – Nature, Purpose and Problems. Other Important Provisions – Pro Rata liability, Contribution by Equal Shares, and Primary and Excess Insurance. Essential Readings: 1. Rejda, G. E., McNamara, M. J., & Rabel, W. H. (2021). Principles of Risk Management and Insurance. (14th ed.). Pearson Education. 2. Mishra, M. N., & Mishra, S. B. (2016). Insurance Principles and Practice. (14th ed.). S. Chand and Company. Additional Readings: 1. Gupta, P. K. (2022). Insurance and Risk Management (2nd ed.). Himalaya Publishing House. 2. Institute of Chartered Accountants of India. (2021). Diploma in Insurance and Risk Management [Course modules]. Teaching Learning Process: Class room lecture, Numerical Problem solving, Case study discussion, Class presentation on the assigned topic by students individually or in group, Workshop, Tutorials, Role play. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words Risk Management, Principles of Insurance, Insurance Contract, Underwriting, Reinsurance, Rate Making and Coinsurance. 13 DSE 4:INTERNATIONAL FINANCIAL ARCHITECTURE Credit distribution, Eligibility and Pre-requisites of the Course Course title & Code Credits Credit distribution of the course Eligibility Pre-requisite criteria of the course Lecture (if any) DSE 4: INTERNATIONAL 4 3 1 NIL Class XII NIL FINANCIAL ARCHITECTURE Course Objective: This paper will acquaint students with the latest developments in the international business relationships and agencies funding for country’s development. Learning Outcomes: After completion of this paper: Students shall be aware of the latest development in the international business relationships which will enable them to make better decisions related to international business. Students shall have the knowledge of different international investment avenues and opportunities available. Students shall be aware of various regional trading blocks, international institutions and funding agencies. Course Contents: Unit 1(12 Hours) Review of Economic Theory on International Trade: Basis for international trade; gains from trade; distributional issues, policy instruments and their impact, political economy. Importance, nature and scope of international relation, modes of entry into international business, internationalization process and managerial implications. Domestic, foreign and global environments and their impact on international business decision; Growing concern forgreen trades. Unit 2(12 Hours) International economic & trading environment: Regional integration and trade blocks, regionalism v/s. multilateralism, European Union.Integration of developing countries – BRICS, ASEAN, SAARC, SAFTA, NAFTA, G-20. World trade in goods and services – Major trends and developments; World trade and protectionism – Tariff and non-tariffbarriers; Counter trade, UNCTAD, WTO, GATT, GATS, TRIM, TRIPS; India’s role in facilitating trade relations under BRICS, SAARC, SAFTA, ASEAN and to WTO. 14 Unit 3(9 Hours) International investment: Types and significance of foreign investments, factors affecting international investment, growth and dispersion of FDI, Cross border mergers and acquisition, foreign investment in India-Impact of reforms on competitiveness of the Indian Firms, EURO/ADR issues, ECBs; current economic crises in US/Europe/Asia and its impact on economic growth in India. Unit 4(12 Hours) Economic institutions – International Monetary Funds (IMF), World Bank (IBRD, IDA, IFC), Asian Development Bank, BRICS Development Bank, European Bank for Reconstruction and Development, Bilateral funding arrangements with special reference to Japan International Cooperation Agencies (JICA), agencies of USA; Case studies on Bilateral financing arrangements of Indian projects like Delhi Metro, Dedicated Freight corridor, Nuclear Power Plant etc. Essential Readings: 1. Radebaugh, L.H., Sullivan, D.P., Salwan, P., & Daniels, J.D. (n.d.). International Business Environments and Operations (15th ed). Pearson. 2. Hill, W. L., Charles, & Jain, A.K. (2008). International Business (6th ed). India: McGraw Hill. Additional Readings: 1. Bennet, R. (1999). International Business. Financial Times. London: Pitman Publishing. 2. Vyuptakesh, S. (2003). International Business (2nd ed). India: Pearson Education. 3. Krueger, A. O. (2002). Economic Policy Reforms and the Indian Economy. OUP. 4. Velasquez, M. G. (2012). Business Ethics Concepts and Cases (7th ed.). New Delhi: PHI. Teaching Learning Process: Class room lecture, Case study discussion, Numerical Problem solving, Class presentation on the assigned topic by students individually or in group, Workshop, Tutorials, Role play. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words International Trade, Trade blocks, Foreign investments, ECBs, Bilateral financing, Multilateral Institutions. 15 GENERIC ELECTIVE (GE) COURSES GE1: FUNDAMENTALS OF FINANCIAL MANAGEMENT Course title & Credits Credit distribution of the course Eligibility Pre-requisite of Code criteria the course Lecture Tutorial Practical/ Practice GE1: 4 3 1 NIL Class XII NIL Fundamental s of Financial Management Course Objectives: To provide an understanding of the essential elements of the financial environment in which the business firm operates. To acquaint students with the techniques of financial management and their applications for business decision making. Learning Outcome: Upon completion of the course a learner shall be competent to: Understand the concept of time value of money, process of capital budgeting, concepts of cost of capital and other aspects of financing, dividend and working capital decisions Understand the process of making investments, raising finance for investment in fixed and current assets and distribution of surplus from business operations. Apply the techniques of time value of money in real life situations, techniques of capital budgeting in investment decisions, process to calculate the cost of capital and share price based on dividends along with the estimation of working capital and its components. Evaluate the investment opportunities available, the various financing mix that can be used to derive the maximum value from the investment opportunities, the optimal dividend payout and monitor the current asset requirements. Analyse the evaluation outcomes to choose the best investment opportunity at the lowest cost of financing and adopt the optimal dividend pay-out along with the optimal level of liquidity through the working capital route to derive maximum wealth. Create a portfolio of investments at the best possible financing and dividend mix with the most appropriate working capital composition that will create maximum wealth under the given constraints. Course Contents: 16 Unit 1 (9 Hours) Nature of Financial Management: Finance and related disciplines; Scope of Financial Management; Functions of finance – Finance Decision, Investment Decision, Dividend Decision; Objectives of Financial Management; Organisation of finance function; Concept of Time Value of Money – present value, future value, annuity. Unit 2 (16 Hours) Strategic Investment Decisions: Capital Budgeting -; Nature and meaning of capital budgeting; Principles and Process; Estimation of relevant cash flows and terminal value; Evaluation techniques– Payback period, Accounting Rate of Return, Net Present Value, Internal Rate of Return, Net Terminal Value, Profitability Index Method. Cost of Capital: Meaning and concept, Measurement of cost of capital – Cost of debt, Cost of Equity Share; Cost of Preference Share; Costof Retained Earning; Computation of over-all cost of capital based on Historical and Market weights (WACC). Unit 3 (12 Hours) Strategic Financing Decisions- Capital Structure, Theories and Value of the firm – Net Income approach, Net Operating Income approach, Traditional approach, Modigliani Miller (MM) model.Leverage analysis and EBIT-EPS Analysis: Concept of leverage, Types of leverage: Operating leverage, Financial leverage, Combined leverage; EBIT-EPS Analysis. Guidelines for capital structure planning, Link between capital structure and capital budgeting. Dividend Decisions: Factors determining dividend policy, Theories of dividend- Gordon model, Walter model, MM Hypothesis. Dividend policies in practice. Unit 4 (8 Hours) Working Capital Management: Determination of Working Capital. Determining financing mix of working capital. Receivables Management – Objectives; Credit Policy, Cash Discount, Debtors Outstanding and Ageing Analysis; Costs – Collection Cost, Capital Cost, Default Cost, Delinquency Cost. Management of Cash (Theory only) – Need for Cash, Cash Management Techniques (Lock box, Concentration Banking). Inventory Management (Theory only) – ABC Analysis; Minimum Level; Maximum Level; Reorder Level; Safety Stock; EOQ (Basic Model). Essential Readings: 1. Berk, J., & DeMarzo, P. (n.d.). Corporate Finance (5th ed.). Pearson - Prentice Hall. 2. Horne, J. C. V., & Wachowicz, J. M. (n.d.). Fundamentals of Financial Management (13th ed.). FT Prentice Hall, Pearson Education. 3. Pandey, I. M. (n.d.). Financial Management. Pearson. Additional Readings: 1. Khan, M. Y., & Jain, P. K. (n.d.). Financial Management Text, Problems, and Cases. Tata McGraw Hill Publishing Co. Ltd. 2. Brealey, R. R., Myers, S., Allen, F., & Mohanty, P. (n.d.). Principles of Corporate Finance. New Delhi: Tata Mc-Graw Hill. 17 Teaching – Learning Process: The teaching-learning process for this paper would include classroom lectures and tutorials; Case study discussions; class presentations; Workshops. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words Finance, Capital Budgeting, Wealth Maximisation, Cost of Capital, Dividends, Leverage, Working Capital Management. 18 GE 3: FUNDAMENTALS OF STOCK TRADING Course title & Credits Credit distribution of the course Eligibility Pre-requisite of the Code criteria course Lecture Tutorial Practical/ Practice GE 3: 4 3 1 NIL Class XII NIL FUNDAMENT ALS OF STOCK TRADING Course Objectives: The course will help the learner to: Understand the fundamentals of investment, investment environment, and the principles of sound investment. Gain knowledge of the Indian securities market, including primary and secondary markets, IPOs, stock exchanges, and stock indices. Learn about online security trading, including trading mechanisms, settlement processes, and different types of orders. Understand mutual funds, their structure, advantages, and limitations, as well as different types of schemes and plans. Gain knowledge of how to evaluate investment alternatives, including criteria for evaluating mutual funds, and performance evaluation of mutual funds. Learning Outcomes: The course will help the learner to: Understand the fundamentals of investment, investment environment and principles of sound investment, and evaluate different investment alternatives based on criteria such as risk and return. Analyze the Indian securities market, differentiate between capital and money markets, primary and secondary markets, and comprehend the role of market participants such as issuers, investors, and intermediaries. Explain the trading mechanism on exchanges, online trading mechanisms, and the types of orders and conditions associated with it. Evaluate mutual fund schemes, their structures, advantages, and limitations, and comprehend the factors affecting the choice of mutual funds. 19 Analyze the performance evaluation of mutual funds and comprehend the ranking methodology used by CRISIL for mutual funds. Course Contents Unit 1: Basics of Investment & Investment Environment (9 Hours) Fundamentals of Investment, Features of Investment, Investment Environment. Principles of sound Investment. The Investment Decision Process. Modes of Investment – Direct Investing and Indirect Investing, Approaches to Investing – Active Investing and Passive Investing. Risk Return Trade Off. Types of Securities – Equity Shares, Bonds and Debentures ,and Government Securities. Alternative Investments (Briefly) – Mutual Funds, Derivatives, Unit Linked Insurance Policy (ULIP), Exchange-traded funds (ETFs), Collective Investment Schemes (CIS), Real Estate Investment Trusts (REITs). Criteria for Evaluation of Investment Alternatives. Unit 2: Indian Securities Market (12 Hours) Securities Market – Capital Market and Money Market, Difference between Capital and Money Market, Primary and Secondary Market, Difference between Primary and Secondary Market. Over the Counter (OTC) and Exchange Traded market. Modes of offering Equity Shares – Initial Public Offering (IPO), Follow-on Public Offering (FPO), Difference between IPO and FPO, Difference between Offer for sale (OFS) and Public offer (IPO/FPO).Methods of IPO Pricing – Fixed Price Method and Book Building Method, The Book Building Process, Fixed Price method v/s Book building Method. Market Participants – Issuer of Securities, Investors, and Intermediaries. Role of Stock Exchange. Stock Exchanges in India. Securities (Stock) Indices – Broad Market Indices, Sectoral Indices and Thematic Indices. Unit 3: Online Security Trading (12 Hours) Trading Mechanism on Exchanges, Trading and Settlement at NSE – National Securities Clearing Corporation Limited (NSCCL), Clearing Mechanism, Clearing & Settlement (Equities). Online Trading – Introduction, Online Trading Mechanism. Online Real Time Price Quotations – Bid Price, Ask Price, Bid-Ask Spread, Tick Size, LTP, ATP. Circuit Breakers – Upper Circuit, Lower Circuit, NSE rules regarding Circuit Breaks. Price Bands, Rules regarding Price Bands on NSE. Electronic Order Book. Types of Orders – Market Order, Limit Order, Stop Loss Order, Stop Loss (Limit) Order, Stop Loss (Market) Order, After Market Order (AMO). Order Conditions – Price related conditions, Time related conditions, Quantity related conditions. Placing an Order, View/Modify/Cancel an Order. Unit 4: Investing in Mutual Funds (12 Hours) Concept of Mutual Funds, Mutual Funds are an Indirect Mode of Investment, Evolution of Mutual Funds in India, Structure of Mutual Funds (Sponsor, Board of Trustees, AMC and Custodian). Advantages of Investing in Mutual Funds, Limitations of Investing in Mutual Funds. Types of Mutual Fund Schemes – Open ended, Close ended, and Interval funds; 20 Domestic Funds and Off-Shore funds; Growth funds, Income funds and Balanced funds; Equity Fund schemes, Debt fund schemes, Gilt Funds, Money Market Funds, Tax Saving or Equity Linked Savings Scheme (ELSS), Index schemes, Sectoral Funds, Ethical Funds, Load and No- Load Fund, Fund of Funds, Systematic Investment Plans (SIP), Systematic Withdrawal Plans (SWP), Systematic Transfer Plans (STP), and Exchange Traded Funds. Net Asset Value, Cost incurred and Return from Mutual funds, Types of Loads. Performance Evaluation of Mutual Funds. Factors affecting choice of Mutual funds. Mutual funds in India. CRISIL and their Rankings for mutual funds – Ranking Methodology and Usage of Mutual Fund Rankings. Essential Readings: Bhalla, V.K. (2018). Investment Management: Security Analysis and Portfolio Management. S. Chand Publishing. Varshney, R.L., & Bhalla, V.K. (2017). Indian Financial System: Theory and Practice. S. Chand Publishing. Krishnan, R. (2016). Mutual Fund Industry in India: A Study of Investment Behaviour. Springer. Joshi, P.C. (2017). Online Trading: How to Trade Online for Beginners. Createspace Independent Publishing Platform. Additional Readings: Bodie, Z., Kane, A., & Marcus, A. J. (2018). Investments. McGraw-Hill Education. Fabozzi, F. J., Neave, E. H., & Zhou, G. (2019). Investments: analysis and behavior. Cengage Learning. Kapoor, J. R., Dlabay, L. R., & Hughes, R. J. (2017). Personal finance. McGraw-Hill Education Teaching Learning Process: Class room lecture, Numerical Problem solving, Case study discussion, Class presentation on the assigned topic by students individually or in group, Workshop, Tutorials, Role play. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words Investments, Indian Securities Market, Initial Public Offer (IPO), Online Security Trading, and Investing in Mutual Funds. 21 GE5: ESSENTIALS OF FINANCIAL INVESTMENTS Course title & Credits Credit distribution of the course Eligibility Pre-requisite of the Code criteria course Lecture Tutorial Practical/ Practice GE5: 4 3 1 NIL Class XII NIL ESSENTIALS OF FINANCIAL INVESTMENTS Course Objectives: Tofamiliarizestudentswiththeessentialconceptsandfundamentalsoffinancialinvestments. To enablestudentstounderstandandmakeinformedchoiceaboutthevariousavailablefinancial investment alternatives. Learning Outcomes: On successful completion of his course, the students will be able to: Understand the fundamentals of financial investments and the investment decision process. Able to compute various measures of risk and return, and understand their role for evaluating investments. Understand and carry out security analysis using different approaches. Understand basic approaches to valuation of securities and carry out portfolio analysis. Course Contents Unit 1: Investments – An Overview (9 Hours) Concept of Investment, Financial Investment Vs. Real Investment, Investment Vs Speculation, Objectives or Features of Investment, Risk Return Trade Off, Investment Environment – Overview of Securities Market and Different Types of Financial Investment. Investment Decision Process, Direct Investing Vs Indirect Investing, Approaches to Investing – Active Vs Passive. Diversification, Hedging and Arbitrage. Unit 2: Risk – Return Analysis (12 Hours) Concepts of Return and Risk, Types of Return - their Calculation & Utility: Absolute Return, Average Return, Expected Return, Portfolio Return, Holding Period Return, Effective Annualized Return, Risk-Adjusted Return. Causes (or Sources) and Types of Risk – Systematic and Unsystematic Risk, Components of Systematic and Unsystematic Risk, Calculation of 22 Total, Systematic and Unsystematic Risk. Impact of Taxes and Inflation on Investment – Computation of Post Tax and Real Returns. Unit 3: Security Analysis (12 Hours) Approaches to Security Analysis – Fundamental Analysis, Technical Analysis, and Efficient Market Hypothesis (EMH). Fundamental Analysis – EIC Framework, Economic Analysis, Industry Analysis, and Company Analysis. Technical Analysis – Basic Tenets of Technical Analysis, Tool of Technical Analysis – Charts, and Technical Indicators, Limitations of Technical Analysis. Difference between Fundamental Analysis and Technical Analysis. Efficient Market Theory (EMH) – Concept, Forms of Market Efficiency, Weak Form Hypothesis, Semi Strong Form, and Strong Form of Market Efficiency. Implications of EMH. Unit 4: Fundamentals of Valuation and Portfolio Analysis (12 Hours) Valuation of Equity Shares – Peculiar features of Equity Shares, Dividend Discount Model, Earning Multiplier or Price-Earnings (P/E) Model, and Capital Asset Pricing Model (CAPM). Valuation of Fixed Income Securities – Bond Fundamentals, Types of Bonds, Bond Valuation. Portfolio Analysis – Portfolio Management Process, Portfolio Analysis – Markowitz Model, Portfolio Risk, Portfolio Return. Essential Readings: 1. Tripathi, V. (n.d.). Security Analysis and Portfolio Management. Taxmann Publications. 2. Chandra, P. (n.d.). Investment Analysis and Portfolio Management. McGraw Hill Education. Additional Readings: 1. Rustagi, R. P. (n.d.). Investment Management. Sultan Chand Publications. 2. Reilly, F. K., & Brown, K. C. (n.d.). Analysis of Investments and Management of Portfolios. Cengage India Pvt. Ltd. Teaching Learning Process: Class room lecture, Numerical Problem solving, Case study discussion, Class presentation on the assigned topic by students individually or in group, Workshop, Tutorials, Role play. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words: Financial Investment, Risk and Return, Fundamental Analysis, Technical Analysis, Efficient Market Hypothesis, Portfolio Analysis, Valuation of Securities. 23 GE7: EMERGINGBANKINGANDFINANCIALSERVICES Course title & Code Credits Credit distribution of the course Eligibility Pre-requisite of criteria the course Lecture Tutorial Practical/ Practice GE7: EMERGING BANKING 4 3 1 NIL Class XII NIL AND FINANCIAL SERVICES Course Objective: To familiarize students with banking reforms in the last decade, conceptof neo banks, rising issue of non-performing asset and its impact on day-to-day functioning. To make students learnaboutfinancialservicessuchasLeasing,HirePurchase,CreditRating,SecuritizationandV enture Capital Financing. Learning Outcomes: On successful completion of his course, the students will be able to: Understand the Indian banking system and latest developments in this sector. Analyse the implications of non-performing assets in the banking sector on the economy. Evaluate the implications of mergers and acquisitions in the banking system and appreciate the need for the same. Understanding various financial services and using the same in personal banking and non- banking activities. Course Contents: Unit1 (12 Hours)An overview of the Indian Banking system;Major Banking Reformsinthelastdecade:Paymentbanks,MonetaryPolicyCommittee,MCLRBasedLending,Inn ovativeRemittanceServices; Issues in financial reforms and restructuring; Future agenda of reforms: Assessing Non-Performing Assets in Indian Banking, Previous methodologies for recovery, Impact of Gross NPAsonabank’sbottomline– burningneedforbadbanks,FunctioningofBadBanks,Governmentbackingforbad banks- NationalAssetReconstruction CompanyLtd.(NARCL). Unit 2 (12 Hours)Introductiontoneobanks,Functionsofneobanks,OperatingModelofneobanks,Regulatory requirements for setting up and running neobanks, Emerging need for neobanks, neo banks vstraditionalbanks.Merger&Acquisition:Introduction,Benefitsofmergers,Synergiesaccruingou 24 tofmergers, Regulatory mechanisms surrounding M&A in banking, Case-studies of recent bankingmergersandrelated outcomes. Unit 3 (12 Hours)Leasing and Hire Purchase: Concepts of leasing, types of leasing – financial & operating lease, directleaseandsales&leaseback,advantagesandlimitationsofleasing,Leaserentaldetermination; Financelease evaluation problems Lessee’s angle (PV and IRR methods) and Lessor’s perspective, HirePurchase interest &Instalment, difference between Hire Purchase & Leasing, Choice criteria betweenLeasingand Hire Purchase,mathematics of HP. Unit 4 (9 Hours)Venture Capital: Concept, history and evolution of VC, the venture investment process, various stepsinventurefinancing,incubationfinancing.CreditRatings:Introduction,typesofcreditrating,a dvantagesanddisadvantagesofcreditratings,Creditratingagenciesandtheirmethodology,Internati onal credit rating practices. Securitization: Concept and Process, Credit Enhancement partiesto a Securitization Transaction, Instruments of Securitization, Types of Securities, Securitization inIndia. Essential Readings: 1. Pathak,B. (2018). IndianFinancialSystem. Pearson Publication. (5thed). 2. Khan,M.Y.(2017).Financialservices.McGrawHill Education. (6thed). 3. Machiraju,H.R.(2002).IndianFinancial System.VikasPublicationHouse. (5thed). AdditionalReadings: 1. Verma, J. (1996).Bharat’smanualofmerchantbanking:Concept,practicesandprocedureswith SEBIclarifications, guidelines,rules andregulations. BharatLawHouse. 2. Sriram K. HandBookofLeasing,HirePurchase&Factoring. Institute of Chartered Financial Analysts of India. 3. Wright M., Watkins T. &Ennew C. (2016). MarketingofFinancialServices. Routledge Teaching Learning Process: Classroomlecture,NumericalProblemsolving,Casestudydiscussion,Classpresentationonthe assigned topic bystudentsindividuallyorin group,Workshop, Tutorials, Role play. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words Banking,MergerandAcquisition,Neobanks,NPA,Leasing,HirePurchase,CreditRatings,Securiti zation,Venture Capital. 25 GE9: ECONOMIC LEGISLATION Course title & Credits Credit distribution of the course Eligibility Pre-requisite of the Code criteria course Lecture Tutorial Practical/ Practice GE9: 4 3 1 NIL Class XII NIL ECONOMIC LEGISLATION Course Objective(s): To familiarise students with various legislations in the areas of foreign trade, competition, bankruptcy and economic offences. To provide an overview of detailed provisions of various economic legislation. To enable students to understand the legal implications of unlawful practices and legal recourse available. Learning Outcomes: On successful completion of this course, the students will be able to: Understand the legal framework relating to foreign exchange, competition, insolvency and fugitive economic offenders. Recognise the legal issues in any business transaction and understand lawful way of conduct of economic activities. Analyse the legal implications of any economic decision. Evaluate legal remedies available in case of bankruptcy or any wrongdoing. Course Contents: Unit 1: Competition Act and Fugitive Economic Offenders Act (15 Hours) The Competition Act, 2002: Introduction, Prohibition of certain agreements, abuse of dominant position and regulation of combinations, Competition Commission of India, Duties, Powers and Functions of Commission, Penalties, Appellate Tribunal. The Fugitive Economic Offenders Act: Scope and applicability of Act, Confiscation of property, Powers of Directors, Power of Survey, Search and Seizure, notice, procedure for hearing application, Declaration of Fugitive Economic Offender, Power to disallow civil claims, Management of properties confiscated under this Act, Rules of evidence, Appeals. Unit 2: The Insolvency and Bankruptcy Code (9 Hours) The Insolvency and Bankruptcy Code, 2016: Introduction of Insolvency and bankruptcy code, Corporate Insolvency Resolution Process, Liquidation Process, Fast Track Insolvency Resolution for Corporate Persons, Voluntary Liquidation of Corporate Persons, Adjudicating 26 Authority for Corporate Persons, Offences and Penalties, Insolvency resolution and bankruptcy for individuals and partnership firms, Regulation of Insolvency professionals, agencies and information utilities. Unit 3: The Prevention of Money Laundering Act (12 Hours) The prevention of money laundering Act, 2002:Introduction and definitions, Punishment for the offence of Money Laundering, Attachment, Adjudication and Confiscation, Obligation of Banking Companies, Financial Institutions and Intermediaries, Summons, Searches And Seizures, Appellate Tribunal and Special Courts, Recovery of fine or penalty. Unit 4: The Foreign Exchange Management Act (9 Hours) The Foreign Exchange Management Act, 1999:Introduction of FEMA, Difference between FERA and FEMA, Application and Commencement of FEMA, Regulation and Management of Foreign Exchange, Authorised Person, Contraventions and Penalties, Compounding of Offences, Adjudication and Appeal, Directorate of Enforcement. Essential Readings: 1. Maheshwari & Maheshwari. Principle of Business Law. Himalaya Publishing House 2. Aggarwal R. (2014). Mercantile & Commercial Law. Taxmann Publications 3. Kucchal M. &Kuchhal V. (2018). Mercantile Law. Vikas Publishing House (P) Ltd. 4. Kapoor N. D. (2018). Elements of Mercantile Law. Sultan Chand Publications Teaching – Learning Process: Lecture, Discussion, Power Point Presentations. Course contents shall be discussed in the light of relevant case laws. Examination scheme and mode: Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi. Key Words CCI, Prevention of Money Laundering, Insolvency and Bankruptcy Code, FEMA, Fugitive Economic Offenders Act. 27 SEMESTER-III BACHELOR OF MANAGEMENT STUDIES DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS, Faculty of Applied Social Sciences and Humanities Category I DISCIPLINE SPECIFIC CORE COURSE -7 (DSC-7) – : INTRODUCTION TO BUSINESS ANALYTICS CREDIT DISTRIBUTION, ELIGIBILITY AND PRE-REQUISITES OF THE COURSE Course title & Code Credits Credit distribution of the course Eligibility Pre-requisite of the Lecture Tutorial Practical/ criteria course Practice (if any) Introduction to Business 4 3 0 1 Class XII Basics of Statistics Analytics (DSC 7) Learning Objectives Familiarise students with basics of predictive and prescriptive analytics in order to solve some business problems using different types of data Students should be able to solve business problems, analyse data sets using various relevant statistical software packages, and interpret and effectively communicate the results Learning outcomes On successful completion of the course the learner will be able to: Understand fundamental concepts in machine learning Build basic models in statistical software Interpret results Compare results of different models to select the best fit Drive business decisions using model output SYLLABUS OF DSC-7 Unit 1: Introduction to Business Analytics and Descriptive Analytics (14 hours) Introduction to Business Analytics: Role of Analytics for Data Driven Decision Making; Types: Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics. Introduction to the concepts of Big Data Analytics, Web and Social Media Analytics. Overview of Machine Learning Algorithms. Introduction to relevant statistical software packages and carrying out descriptive analysis through it. 28 Unit 2: Predictive Analytics 1 (9 hours) Simple Linear Regression: Estimation of Parameters, validation of simple linear regression model, Coefficient of determination, Significance tests, Residual analysis, Confidence and Prediction intervals. Multiple Linear Regression: Interpretation of Partial regression coefficients, working with categorical variables, Multi-collinearity and VIF, Outlier Analysis, Auto-correlation, transformation of variables, variable selection in regression model building. Unit 3: Predictive Analytics 2 (9 hours) Logistic and Multinomial Regression: Logistic function, Estimation of probability using logistic regression, Omnibus Test, Wald Test, Hosmer Lemshow Test, Pseudo R Square. Model Performance: Classification table (sensitivity, specificity, accuracy paradox, precision, F score), Gini coefficient, ROC, AUC, methods for determining the optimal cutoff probability. Unit 4: Machine Learning Models (13 hours) Decision Trees: Introduction, Chi-Square Automatic Interaction Detection, Bonferroni Correction, Classification and Regression Tree, Gini Impurity Index, Entropy, Cost based splitting Criteria, Ensemble Methods, Random Forest. Clustering: Introduction, Distance and Dissimilarity measures used in clustering, Quality and Optimal Number of clusters, Clustering Algorithms, K-Means clustering, Hierarchical Clustering. Practical component (30 hours) Practical Exercises: 1. Prepare and import data (financial data of companies, macroeconomic data, primary data collected through questionnaires). Calculate and interpret descriptive statistics on R/Python. 2. Perform simple OLS regression on R/Python and interpret the results obtained. 3. Test the assumptions of OLS (multicollinearity, autocorrelation, normality etc.) on R/Python. 4. Perform regression analysis with categorical/dummy/qualitative variables on R/Python. 5. Perform probabilistic regression models (logit and probit) along with validation tests and classification table on R/Python. 6. Apply and interpret the results of decision trees and clustering models on R and Python. Essential/recommended readings 1. Business Analytics: The Science of Data Driven Decision Making, First Edition (2017), U Dinesh Kumar, Wiley India. Suggestive readings 1. Introduction to Machine Learning with Python, Andreas C. Mueller and Sarah Guido, O'Reilly Media, Inc. 2. Data Mining or Business Analytics – Concepts, Techniques, and Applications in Python. GalitShmueli, Peter C. Bruce, Peter Gedeck, and Nitin R. Patel. Wiley. 3. Relevant Case Studies from different functional domains of business to be used while covering the Predictive Analytics and Machine Learning models. Following Case Studies may be taken up along with the course topics: Merton Truck Company (HBS Case). 29 Supply Chain Optimization at Madurai Aavin Milk Dairy (IIMB Case). Red Brand Canners (Stanford Case); Managing Linen at Apollo Hospitals (IIMB Case). Note: Examination scheme and mode shall be as prescribed by the Examination Branch, University of Delhi, from time to time. DISCIPLINE SPECIFIC CORE COURSE – 8 (DSC-8): MACROECONOMICS Credit distribution, Eligibility and Prerequisites of the Course Course title & Code Credits Credit distribution of the course Eligibility Pre-requisite of Lecture Tutorial Practical/ criteria the course Practice (if any) Macroeconomics 4 3 1 0 Class XII Basic (DSC 8) Microeconomics Learning Objectives Determination of and linkages between major economic variables; level of output and prices, inflation, interest rates and exchange rates. The course is designed to study the impact of monetary and fiscal policy on the aggregate behaviour of individuals. Learning Outcomes On successful completion of the course the learner will be able to: Understand the determination of key macroeconomic variables. Describe models of determination of equilibrium outputs, prices and rate of interest. Analyse the role of the Government in an economy and examine how it uses its fiscal and monetary policy to influence macroeconomic variables. Explain the working of an open economy SYLLABUS OF DSC- 8 Unit 1 (6 hours) Basic understanding of Ancient Indian Economy, Wealth and its various aspects as per Vedic Philosophy; Kautilya’s view on Ways of Financial Management and Economic Governance, Proposition of Welfare states and Good Governance by Kautilya as the foundation of strong Indian Economy; Relevance of Kautilya’sArthsashtra in making of modern and advanced India. Unit 2 (18 hours) Classical theory of income and employment: Quantity Theory of Money–Cambridge version, Classical aggregate demand curve, Classical theory of interest rate, effect of fiscal and monetary policy. 30 Simple Keynesian model: goods and money market equilibrium, changes in equilibrium, multiplier, effect of fiscal and monetary policy; IS-LM model: properties of IS-LM curves, factors affecting the position and slope of IS-LM curves, determination of equilibrium income and interest rates, effect of monetary and fiscal policy; slopes of IS-LM curves and effectiveness of fiscal and monetary policies. Unit 3 (9 hours) Inflation: meaning; demand and supply side factors; natural rate theory; monetary policy-output and inflation (monetarist view); Phillips curve: short run and long run. Unit 4 (12 hours) Brief introduction to Balance of Payment (BOP) account; market for foreign exchange and exchange rate; monetary and fiscal policy in open economy; Mundell Fleming model: perfect capital mobility and imperfect capital mobility under fixed and flexible exchange rate. Essential/recommended readings 1. Froyen, R. P. (2011): Macroeconomics-theories and policies (8th Edition). Pearson. 2. Dornbusch and Fischer (2010): Macro economics (9th Edition).Tata McGraw Hill.N 3. Gregory Mankiw (2010). Macro economics (7th Edition).Worth Publishers 4. Kautilya’sArthashastra-The way of Financial management and economic governance (2012)(6th Edition ) Jaico Publishing House Note: Examination scheme and mode shall be as prescribed by the Examination Branch, University of Delhi, from time to time. DISCIPLINE SPECIFIC CORE COURSE– 9 (DSC-9): ORGANISATIONAL BEHAVIOUR Credit distribution, Eligibility and Pre-requisites of the Course Course title & Code Credit Credit distribution of the Eligibility Pre- s course criteria requisite of Lecture Tutoria Practical the course l / (if any) Practice Organisational 4 3 1 0 Class XII None Behaviour (DSC 9) Learning Objectives Course presents an integrated view of human behaviour in organisations. Building understanding of individual and group behaviour at work for improving the effectiveness of organisations. 31 Learning outcomes On successful completion of the course the learner will be able to: Understand the importance of Organisational Behaviour as a field of study. Understand the role of Perception, personality and learning in explaining Individual behaviour and to apply different motivational theories and leadership styles to increase the productivity and job satisfaction of employees. Understand the foundations of group behaviour and the framework for organisational change and development. Identify methods to enhance individual and Organisational wellbeing and resolve organisational problems. SYLLABUS OF DSC-9 Unit 1: Core Concepts in OB in Managing Individual Behaviour (12 hours) Conceptual Foundations and Importance of organizational Behaviour. Perception and Attribution: Concept, Factors affecting Perception, Attribution theory, Perceptual Organization and Errors in Perception. Personality: Concept, Factors affecting personality and Theories. Learning: Concept and Theories of Learning, Concept of Reinforcement, Schedules of Reinforcement. Unit 2: Motivation at work, Interpersonal relations & Change Management (12 hours) Motivation: Concepts and their application, Content theories (Maslow, McClelland and Herzberg’s Theories); Process theories (Expectancy theory, Equity theory). Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window. Organisational Change: Concept, Resistance to change, managing resistance to change, Kurt Lewin Theory of Change. Unit 3: Leadership and Group Processes (9 hours) Leadership: Trait Approach, Behavioural theories (Ohio and Michigan State Studies, and Blake & Mouton’s Managerial grid), and Contingency theories (Fiedler’s Contingency Model, Hersey & Blanchard’s Situational Leadership Model) Contemporary Leadership issues: Charismatic, Transactional and Transformational Leadership. Groups and Teams: Definition, Stages of Group Development, Group Processes-Group Cohesiveness, Group Think, Group Shift. Unit 4: Managing Conflict and Enhancing Wellbeing (12 hours) Organisational Power and Politics: Concept, Sources of Power, Tactics to gain power in Organizations. Nature of organisational politics. Conflict: Concept, Sources, Types, Stages of conflict, Management of conflict. Well-being at Work: Importance and Impact of employee emotions and emotional intelligence in organisations. Work stress and its management. Essential/recommended readings 1. Stephen P. Robbins, T. A. (2016). Organisational Behavior. Pearson.=’ 2. Aswathappa, K., & Reddy, G. S. (2009). Organisational behaviour (Vol. 20). Mumbai: Himalaya Publishing House 3. Luthans Fred, Organisational Behaviour, Tata Mc Graw Hill. 32 4. Singh Kavita, Organisational Behaviour, Pearson. Suggestive readings 1. Greenberg Jerald and Baron Robert A.: Behavior in Organisations: Understanding and Managing Human side of work, Prentice Hall of India Note: Examination scheme and mode shall be as prescribed by the Examination Branch, University of Delhi, from time to time. DISCIPLINE SPECIFIC ELECTIVE – MARKETING (DSE-1) DSE 1: RETAIL MANAGEMENT Credit distribution, Eligibility and Pre-requisites of the Course Course title & Code Cre Credit distribution of the Eligibility Pre-requisite of dits course criteria the course Lectu Tutori Practic re al al/ Practic e Retail Management (DSE 1) 4 3 1 0 Class XII Basics of marketing Learning Objectives Understand the concept and characteristics of retailing, emerging trends, and the evolution of the Indian retail industry. Gain knowledge about store location selection and store planning, including trading area analysis, site selection, store design and layout, and effective retail space management. Develop an understanding of retail marketing and merchandising, including retail marketing mix, advertising and sales promotion, CRM, buying organization formats and processes, merchandise planning, and pricing strategies. Acquire knowledge about the various elements/components of retail store operation, store administration, inventory management, customer service, store maintenance, and store security. Learning Outcomes On successful completion of the course the learner will be able to: Describe the concept and characteristics of retailing and explain the emerging trends and evolution of the Indian retail industry. Analyze the characteristics of trading areas and evaluate different types of store locations based on the trading area analysis. 33 Develop a retail marketing plan that includes the retail marketing mix, advertising and sales promotion strategies, store positioning, and CRM strategies. Formulate pricing objectives, strategies, and types of pricing based on external factors that impact a retail price strategy. Recognize and understand the operations-oriented policies, methods, and procedures used by successful retailers in today’s global economy. SYLLABUS OF DSE 1 Unit 1: Introduction to Retailing and Retail Formats (12 hours) Introduction to Retailing: Definition, Characteristics, emerging trends in retailing, Evolution of retailing in India, Factors behind the change of Indian retail industry. Retail Formats: Retail institutions by ownership, Retail institutions by Store-Based Strategy Mix, Web, Non-store based, and other forms of Non-traditional Retailing. Unit 2: Choosing a Store Location and Store Planning (12 hours) Choosing a Store Location: Trading-Area analysis, characteristics of trading areas, Site selection, Types of locations, location and site evaluation. Store Planning: Design & Layout, Retail Image Mix, effective retail space management, floor space management. Unit 3: Retail Marketing (12 hours) Retail Marketing: Retail Marketing Mix, Advertising & Sales Promotion, Store Positioning, CRM. Retail Merchandising: Buying Organization Formats and Processes, Devising Merchandise Plans, Shrinkage in retail merchandise management, Markup & Markdown in merchandise management. Unit 4: Merchandise Pricing and Retail Operations (9 hours) Merchandise Pricing: Concept of Merchandise Pricing, Pricing Objectives, External factors affecting a retail price strategy, Pricing Strategies, Types of Pricing. Retail Operation: Elements/Components of Retail Store Operation, Store Administration, Store Manager – Responsibilities, Inventory Management, Customer Service, Management of Retail Outlet/Store, Store Maintenance, Store Security. Essential/recommended Readings (latest edition of readings to be used) 1. Berman, B., & Evans, J. R. (2012). Retail management. Pearson Education. 2. Vedamani, G. G. (2010). Retail management: Functional principles & practices. Jaico Publishing House. Suggested Readings (latest edition of readings to be used) 1. Cullen, P., & Newman, A. (2014). Retailing: Environment & operations. Cengage Learning 34 EMEA. 2. Bajaj, K., Tuli, G., & Srivastava, R. K. (2017). Retail management. Oxford University Press. 3. Singh, H. (2017). Retail management. S. Chand Publishing. Note: Examination scheme and mode shall be as prescribed by the Examination Branch, University of Delhi, from time to time DISCIPLINE SPECIFIC ELECTIVE – MARKETING (DSE-2) DSE 2: MARKETING OF SERVICES Credit distribution, Eligibility and Pre-requisites of the Course Course title & Code Credit Credit distribution of Eligibility Criteria Pre-requisite s the course of the course Lectu Tutor Practic re ial al/ Practic e Marketing of Services 4 3 1 0 Class XII Basics of (DSE 2) Marketing Learning Objectives Understand the emerging service environment in India and the world. It emphasises the distinctive aspects of Services Marketing. Aims at equipping learners with concepts and techniques that help in taking decisions relating to various services marketing situations. Learning Outcomes On successful completion of the course the learner will be able to: Understand the Concept and Importance of Services. Discuss the relevance of the services in the Indian economy. Examine the characteristics of the services in various industries. Analyse the role and relevance of Quality in Services. SYLLABUS OF DSE 2 Unit 1: Introduction to Services Marketing (9 hours) Defining a Service; Increasing Importance of Services; Nature of Services; Intangibility; Distinguishing Features of a Service; Managing Services; The Service Product; Relationship of Services and the organization; Services as an Opportunity; Service Industry across the world. 35 Unit 2: Relevance of Services (12 hours) Emergence of The Service Economy; Outsourcing and Services; Overview of The Indian Economy; Services Sector in The Indian Economy, (Major players, Major services offered, Major centres; Circumstances that contributed to the Services boom in the Indian economy; Role and relevance of Services to the Indian economy; Classification of Services; Variety of Services offered by Indian organizations, Intangible and Tangible Services. Unit 3: Differentiating Services (12 hours) Distinguishing Features; The service; Promotion; Price; Place; People; Physical evidence; Process; Elements of Positioning; Service Differentiation; How Indian companies have been at the forefront of the Services industry; What do Indian companies offer to companies seeking Services support; Services as a source of competitive advantage; Increasing integration of Services with organizational plans and activities; Internal Services and External Services, Features, Relevance, Examples; Services Trainings and Hiring; Motivation and Employee Management in the Services sector; Factors affecting attempts of Services Differentiation. Unit 4: Quality and Strategies (12 hours) Defining Service Quality; Researching Service Quality; Service Quality Benchmarking (Servqual, TUV, ISO etc.); Setting Quality Standards; Managing the Marketing Mix for Quality; Organizing and Implementing Service Quality; Factors affecting Service Quality Management; Customer and Customer Value Proposition and Value Creation n Services; Managing the Service Encounter; Blueprinting; Managing Customer Demand, Frequency, Quality, Training, Content and Context; Developing Relationships with Customers; Distribution Strategy; Pricing of Services; Promoting Services;. Competitors of the Indian Services Industry; Future of Services Industry in India and elsewhere; Near-shoring and Reshoring; Services and the Gig Economy; Growth potential of the Services Industry. Essential/recommended Readings (latest edition of readings to be used) 1. Zeithaml Valerie A, & Bitner Mary Jo., Gremler Dwayne D., Pandit Ajay. (2010). Services Marketing (5 edition). McGraw Hill. 2. Wirtz Jochen, Lovelock Christopher H, Chatterjee Jayanta., Services Marketing, (8e Edition), Pearson. Suggested Readings (latest editions of readings to be used) 1. Woodruffe, Helen. (1998).Service Marketing. MacMillan India. 2. Zeithaml Valerie A, & Bitner Mary Jo., Gremler Dwayne D., Pandit Ajay. (2010). Services Marketing (5 edition). McGraw Hill. Note: Examination scheme and mode shall be as prescribed by the Examination Branch, University of Delhi, from time to time. 36 DISCIPLINE SPECIFIC ELECTIVE – MARKETING (DSE-3) DSE 3: E COMMERCE Credit distribution, Eligibility and Pre-requisites of the Course Course title & Credits Credit distribution of the Eligibility Pre-requisite of the Code course Criteria course Lecture Tuto Practical/ rial Practice E-Commerce 4 3 1 0 Class XII Basics of Marketing (DSE 3) Learning Objectives To understand how electronic commerce is affecting business enterprises, governments, consumers and people in general. To understand the working of different types of e-commerce models To understand the transition of e-commerce in India To evaluate enabling technologies for e-commerce such as the internet, networks, search engines, software agents, and e-payment systems. Learning Outcomes On successful completion of the course the learner will be able to: Understand traditional vs e-retailing and different models of e-retailing. Evaluate enabling technologies for e-commerce such as the internet, networks, search engines, software agents, and e-payment systems. Analyze website design, its role in B2C e-commerce, strategies, and goals. Analyze the security risks associated with e-commerce and discuss legal and ethical issues. SYLLABUS OF DSE 3 Unit 1: Introduction to E-Commerce: Business Models and Concepts (12 Hours) E- Commerce: Meaning and Concept of e-Commerce, Brief history; Transition of e-Commerce in India; Advantages and Disadvantages of e-Commerce; IT act, 2000. E-Commerce models: B2B, B2C, C2C, C2B, G2C; Traditional vs e-retailing, Models of e-retailing; e-Services: Categories of e- services, Web-enabled services, matchmaking services. Unit 2: Enabling Technologies for E-Commerce (9 Hours) Technology in e-Commerce, the internet today and future, Networks and internets: communication switching, Internet protocol suite, IPv6, Search engines, software agents, Internet service provider, ISP policy in India, e-payment systems. Information selling on the web, E- 37 entertainment Unit 3: Basic Techniques for E-Commerce (12 hours) Web Hosting: Webhost-types, VPS-Domain for a website, DNS Information. Webhost: Bandwidth Control Panels- Statistics- uptime-Ecommerce. Website Design: Introduction, Role of Website in B2C Ecommerce, Website strategies and Goals. Search Engine Optimization (SEO): Introduction, Importance of SEO, History of Search Engines, how search Engines Operate, Crawling Techniques. Basic types of Search Tools, How People use search engines and portals, Page rank, Anatomy of Hyperlink, Keywords and Queries, how to conduct Keyword Research, Why site structure is important. Unit 4: E-Marketing (12 Hours) Concept, traditional marketing vs e-marketing, Browsing behaviour model, advantages of e- marketing, e-marketing strategies: permission-marketing, affiliate marketing, viral marketing, social media marketing, content marketing, m-commerce, e-commerce security risks, legal and ethical issues. Essential/recommended Readings (latest editions of readings to be used) 1. Laudon, Kenneth C.: E-Commerce: Business, Technology, Society, 4th Edition, Pearson. 2. Joseph, S.J.: E-Commerce: an Indian perspective, Prentice-Hall of India. 3. Awad, Elias, M.: Electronic Commerce, Prentice-Hall of India. 4. Pandey, U.S. and Shukla, Saurabh: E-Commerce and Mobile commerce Technologies, S. Chand. Note: Examination scheme and mode shall be as prescribed by the Examination Branch, University of Delhi, from time to time. 38 DISCIPLINE SPECIFIC ELECTIVE – HUMAN RESOURCE MANAGEMENT (DSE-1) DSE 1: INDUSTRIAL RELATIONS Credit distribution, Eligibility and Pre-requisites of the Course Course title & Code Credits Credit distribution of the Eligibility Pre-requisite of course criteria the course Lectu Tutori Practic re al al/ Practic e Industrial Relations (DSE 1) 4 3 1 0 Class XII None Learning Objectives To acquaint learners with concepts of industrial relations and related acts in Indian context. To familiarise the learners with the implications of law in the industrial environment. Learning Outcomes On successful completion of the course the learner will be able to: Acquire theoretical and practical perspective on different aspects of industrial relations. Understand the key participants, institutions, relationships, and processes in industrial relations. Understand employer and employee relations and its management. Analyse the rights of labour class in the industrial environment SYLLABUS OF DSE 1 Unit 1: Industrial Relations (12 hours) Concept, Objectives of industrial relations, Parties in industrial relations, Aspects of industrial relations. Trade unions: Objectives, Historical perspective of unionism in India, functions, why workers join unions, importance, problems of trade unions, structure of trade unions, Trade union act 1926, Immunity granted to register trade unions, recognition of trade unions. Unit 2: Industrial Disputes (9 hours) Concept, Types of industrial disputes, Causes of industrial disputes, Machinery for settlement of industrial disputes, Industrial disputes act 1947. The industrial employment (standing orders act1946, coverage, modification, interpretation). Unit 3: Labour Turnover (12 hours) Concept, Rate of labour turnover, Costs of labour turnover, Causes of labour turnover, controlling labour turnover. Absenteeism: Concept, Rate of absenteeism, Causes of absenteeism, Effects of 39 absenteeism, Measures to control absenteeism. Unit 4: Collective Bargaining (12 hours) Concept, Essentials of collective bargaining, Problems of collective bargaining, Collective bargaining procedure. Workers’ participation in Management: Modes of participation, Measures for successful workers’ participation. Essential/recommended Readings (latest edition of readings to be used) 1. Srivastav S. Industrial relations and Labour laws. Vikas Publishing House. 2. Mallik P. Handbook of Industrial and Labour laws. Eastern Book Company. 3. Saharay H.K. Industrial and Labour Laws of India. Prentice Hall International. 4. Chhabra T. Industrial Relations and Labour Laws. Dhanpat Rai Publishing House. Note: Examination scheme and mode shall be as prescribed by the Examination Branch, University of Delhi, from time to time DISCIPLINE SPECIFIC ELECTIVE – FINANCE (DSE-1) DSE 1: PROJECT APPRAISAL, FINANCING AND CONTROL Credit distribution, Eligibility and Pre-requisites of the Course Course title & Code Credits Credit distribution of the Eligibility Pre-requisite of the course criteria course Lectur Tutoria Practic e l al/ Practic e Project Appraisal, 4 3 1 0 Class XII Basics of Accounting Financing and Control and Finance (DSE 1) Learning Objectives To familiarize learners about identification of a project and feasibility analysis, To equip them to apply project appraisal, control & management Techniques, To understand and appraise project risk analysis and financing Learning Outcomes On successful completion of his course, the learners will be able to: Understand the process of screening of ideas and carry out appraisal for Projects. Use Investment Evaluation Techniques for selection of Projects. Carry out Risk Analysis for business projects and identify alternative sources of financing. Understand the concept and application of Social Cost benefit Analysis Apply project control and management techniques for project success. 40 SYLLABUS OF DSE 1 Unit 1: Introduction to Projects and their Appraisal (9 hours) Project Definition, Project Identification, Project Life Cycle, Project Stakeholder Analysis, Feasibility study. Types of Project Appraisal (Brief Overview): Market and Demand Analysis, Technical Appraisal, Financial Appraisal, Economic Appraisal, Managerial Appraisal, and Social Appraisal. Unit 2: Financial Appraisal (9 hours) Components of Project Cost, Investment Evaluation Techniques: Non-Discounting Methods (Payback Period, Accounting Rate of Return), Discounting Methods (Net Present Value, Profitability Index, Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR)). Comparative analysis of Investment Evaluation Techniques, Investment Evaluation in Practice. Unit 3: Project Risk Analysis and Project Financing (15 hours) Risk Analysis and Management: Sources and Measures of Risk. Methods of Assessing Risk – Sensitivity Analysis, Scenario Analysis, Break-Even Analysis, Simulation Analysis, Decision Tree Analysis. Strategies for Risk Management. Sources of Financing – Internal Accruals, Equity Capital, Preference Capital, Debentures (or Bonds), Term Loans, Venture Capital, Private Equity, Venture Capital Vs Private Equity, Loan syndication. Unit 4: Social Appraisal and Aspects of Project Management (12 hours) Social Appraisal: Rationale for Social Cost Benefit Analysis (SCBA), Approaches of SCBA (UNIDO and Little-Mirrlees Approach Approach), Environment Impact Assessment (EIA) and Social Impact Assessment (SIA) of Projects. Relevant Case Studies. Network Techniques for Project Cost and Time Management (PERT & CPM) (theory only). Pre-Requisites for Successful Project Implementation. Essentials of a Project Report. Essential/recommended readings (latest edition of readings to be used) 1. Chandra, Prasanna (2019). Projects – Planning, Analysis, Selection, Financing, Implementation, and Review. McGraw Hill Education. 2. Agrawal, R., & Mehra, Y. S. (2021).Project Appraisal and Management. TaxmannPublications. Suggestive Readings (latest edition of readings to be used) 1. Goodpasture, J. C. (2003). Quantitative methods in project management. J. Ross Publishing. 2. Project Management Institute. (2021). A guide to the Project Management Body of Knowledge (PMBOK guide). Project Management Institute. 41 Note: Examination scheme and mode shall be as prescribed by the Examination Branch, University of Delhi, from time to time DISCIPLINE SPECIFIC ELECTIVE – FINANCE (DSE-2) DSE 2: INSURANCE Credit distribution, Eligibility and Pre-requisites of the C
