EMBA Syllabus
EMBA Syllabus
Semester 1
2nd year
Semester III
Functional Major Specialization Courses- 2 Units
Functional Minor Specialization Courses- 2 Units
EMB 301 Project- 2 Unit
Semester IV
Functional Specialisation. Students will opt for specialization in any two functional areas. They
will study 6 courses in any 2 areas of specialization. Four electives from either of the following
groups for Major specialisation and Two electives from either of the remaining groups for Minor
specialisation
Sectoral Specialisation
Students will opt for any one of the following sets of 4 courses each.
v) Hospitality Management
B) Project : Students will undertake 1 project in their functional area of specialization and
1 in their sectoral specialization
Books
Management-Stoner and Freeman
Essentials of management – Koontz and Odonell
Management - Robbins
Management -Gilbert
Management Today – Principles and practice-Gene Burton & Manab Thakur
Double Entry:
Books of original Entries, Accounts and Preparation of Financial Statement, Basic Accounting
postulates and principles, Nature and Importance, Balance Sheet as per Company's Act 1956,
Analysis of Financial Position.
An introduction to:
(a) Ratio Analysis,
(b) Cash Flow Statement,
(c) Fund Flow Statement.
Costing Function:
Nature and importance of cost accounts: Cost Sheet , Cost center concept.
Classification of costs
Books:
- Group discussion
- Etiquettes
- Extempore
- Debate
- Speech contest
- Pronunciation drills
- Describing an event
- Presenting view
- Asking questions
- Vocabulary
- Effective reading
Continuous Evaluation- 50 marks
External Viva – 50 marks
Note: -Theory paper on Business communication may be offered by the centres as a non credit
course
Books
Marketing Management: Analysis, Plannning and Control - Philip Kotler
Marketing Management - Ramaswami & Nainakumari
Marketing Management – Rajan Saxena
Marketing in India: Cases and Readings - S. Neelamegham
Fundamentals of Marketing - Stanton, William J.
-Ratio Analysis
-Funds-flow Analysis
-Cash-flow Analysis
-Sensitivity Analysis
Working capital Management: Methods of determining working capital requirement, working capital
financing; basic concept of management of working capital components.
Leverage: Meaning, types and significance.
Dividend policy: theory of relevance and irrelevance (Waltor’s and Gordon’s model)
Books:
System for business application-: Introduction to typical info system-HR subsystem, Material
sub-system, Accounting information system, inventory control subsystem, Client relation
subsystem, system integration.
Database management system (DBMS) – Introduction to DBMS, benefits of DBMS, Role of
DBA, Concept of SQL – Create, Insert and Select
Data processing & flow charting - Models of computer data processing, flow charting
technique-principles of flow charting, syEMBols used in flow charts, Benefits & limitations of
flow chart ,examples
Books
Materials Management – An integrated approach
P. Gopalakrishnan and M. Sudersan
Purchasing and Materials Management - Lamas Lee Jr and David N. Burt
Key areas on Materials Management - Sen S. L. and Rathi
Introduction to Material Management - Arnold
Books
Competitive strategy; Techniques for analyzing industry competition - Porter, M E
Competitive advantage; Creating, Sustaining superior performance - Porter, M E
Marketing Management: Analysis Planning, Implementation and control - Philip Kotler
Strategic Marketing - Cravens, D W
E.D.I.- Its nature, data and information flow in E.D.I. enabled business transactions, public
standards for E.D.I. (E.D.I.F.A.C.T), Applications of E.D.I.
Types of E-Commerce: -Inter Organizational (B2B) E-Commerce, Intra-Organization E-
Commerce, Business to Consumer (B2C) E-Commerce, Consumer to Consumer (C2C) E-
commerce, Government to Business (G2B), Government to Consumer (G2C)
Building on E-Commerce Enterprise: -Ascertain the need for E-Commerce, Setting up a Website.
Security Issues in E-Commerce: Confidentiality, Integrity, Availability, Authenticity, and Non
Repudiability, Audit ability
Security Solutions: - Cryptographic Techniques, Digital Signatures and Certification Authorities
(CA), Virtual private Network (VPN), Secure Socket layer (SSL), Secure Electronic transaction
(SET), Intrusion Detection Systems, biometric devices firewalls Proxy servers, tunnels, Operating
system control, anti-virus software
Electronic Payment Systems - Electronic or Digital cash, Online credit card based systems
Legal Issues-Laws for E-Commerce, Trademark, Copyright, and Domain Name issue,
Defamation, Linking and framing, Jurisdiction issues, problems of multiple currencies, taxation in
Cyberspace.
Books
Systems Development Approaches: Traditional life cycle approach (Systems Development Life
Cycle, or SDLC), Prototyping, Systems integration (outsourcing), End user development.
Security, and control Issues in IS Management
Books
Books:
International Business Environment and Business: Bhalla V.K. and S. Shivaramu
International Business: Daniel John and Radebangh, Lee H.
International Economy: Liberalization Process, Bhalla VK
International Business Environment – Text and Cases, F. Cherunilam
Books
Operating Research - By Kanti Swarup, P.K. Gupta, Man Mohan
Management Operating Research - M. Satyanarayana Lalitha Raman,
Quantitative Techniques in Management - N.D. Vohra.
Operations Research - By Sharma
Introduction to operation Research-Frederic Hill & Geraldlieberman Stanford University-TMH.
A) German
German Alphabet and punctuation, Repeat and Grammatical Terms
Past/ Imperfect Tense,The Define Article
Case Nominative/Accusative,Perfect Tense, Auxiliary Verbs
Native Case, Trregular Verbs – Imperfect Tense
Past Participle-Irregular Verbs, Plural = noun (=accusative or Native propositions)
Forms of questions (Interrogative), Adjective, Genetive case
Interrogative pronouns, Word Order (Grammatical)
Relative Pronoun , Familiar Persons in conversations
Separable Verbs, Auxiliary VerbWERDEN and it’s use, Verbs used with direct object in German,
Prefix showing movement
Subjunctive mood, Conditioned form – with subjunctive words to be said
Impersonal; verbs
Each Unit shall be followed by exercises/assignments, New Viocabulary/New Words,
Conversational Practice.
Books
German in three months - Hugo
B) French
Books
TEMPO’
Note:-Classes will be held during 4th & 5th Semester.
INTRODUCTION:
Financial Assets: Meaning and Concept, Types of Financial Assets, Role of Financial Assets in
economic development; Indian Financial Institutions and their role in economic development.
FINANCIAL MARKET:
Indian Financial system; Indian Financial Market: Meaning and Concept of Money Market and
Capital Market, Important players of Money Market & Capital Market in India; RBI and
Commercial Banks: Their organization and management and roles in Indian Financial System
PROFITABILITY OF FIs:
Concept of Profit in FIs; Reasons of low profitability rate in Indian FIs; Suggestions to improve
the profitability rate in Indian FIs; Diversification strategy of FIs in India and their present
position.
Books:
Indian Financial System – M.Y.Khan
Management of Indian Financial Insitutions – R.M.Srivastava
Indian Banking – Vasant Desai
Banking Theory and Practice – P.K.Srivastava.
INVESTMENT:
Introduction; Concept, Investment and GaEMBling; Pre Investment decision factors; Influencing
factors of Investment Decision, Financial Decision vs. Investment Decision; Process of
Investment program.
RETURNS:
Meaning and concept; Measurement techniques using Statistical tools- like, Mean etc.
RISK:
Definition; Risk classification: Diversifiable and Non-diversifiable risks; Types of Risk:
Measurement of Risk: Range, Quartile Deviation, Lorange Curve, Standard deviation and
Variance, Analysis of Risk factors; Capital budgeting: Non DCF techniques and DCF technique;
NVESTMENT OPTIONS:
Investors Classifications: Bonds, Preference Shares, Equity share, Public issue, Private
Placement, Right Issue, Government securities, Post office deposits; Real estate, Venture Capital,
Mutual Fund, Gold, Silver, Diamonds, Stamps, Antiques.
DERIVATIVES:
Financial Derivatives: Recent trends; Derivatives market in India; Options, Futures, Hedging :
Objectives , Benefits and Process, Swaps.
PORTFOLIO MANAGEMENT:
Introduction; Concept; Portfolio Risk and Return; Diversifiable and Non diversifiable Risk;
Markowitz portfolio model, Sharpe model, Arbitrage Pricing Theory: APT model: Assumption,
Derivation, and Practical application.
Books:
Books
Advanced Accounting (Sultan Chand) R. L. Gupta
Practical Aspects of Advanced Accounting Maheswari & Gupta
Principles and Application of Accounting Vol. I (Tee Dee Publication)Amitabha Basu
Financing Decisions:
Management of Earnings:
Financial control
Books:
` Purchasing Power Parity, Covered Interest Parity, Real Interest Parity, Parity Conditions
and Managerial Implications
Books
-International Financial management-2nd edition, New Delhi, Annual
-Managing International Investment & Finance, New Delhi, Annual 1997
Multinational Finance- Buckley, Adrian, 3rd Prentice hall
Multinational Business Finance - EITEMAN
Capital structuring,
Introduction, Costing and risk, Relationship between capital structure and profitability,
Determination of optimum capital structure
EBIT-EPS Analysis:-i. Financial break-even and indifference analysis Risk return trade off,
Financial risk, Assumptions of risk return trade off, Basis assumptions of capital structure
theories
Financial distress
Corporate restructuring,
Introduction, Reasons, Broad areas of restructuring
Rational for diversification, Techniques for corporate restructuring
Books
Finance and environment and decisions (Harper International Edition, Harpers and Rood Inc.
N.Y.) Christy, George A and R den Peyton
Basic Business Finance - Hawards and Vption
Financial Management - Srivastav, R M
Marginal Costing:
Application of Marginal Costing, Basic characteristics, Distinction between Marginal costing
and absorption costing. Advantages and limitation of Marginal Costing in decision making, use
of CVP technique in decision making
Overheads:
Definition, Importance, Classification of Overhead costs, Distinction between. Indirect
Expenses and Direct expenses, Collection of production costs. Allocation and apportionment of
overheads to cost center. Basis of apportionment, principles of Apportionment of overhead costs,
Reapportionment of Service Depaprtment Costs to production, departments. Methods of
reapportionment.
Responsibility Accounting:
Meaning objectives, Responsibility center. Advantages and limitations.
Books:
Books
Corporation Finance - Kuchhal, S C
Financial Management and Policy - Vanhorne, James C.
The theory of Business Finance - Archer Stephen H. Charles A.D. AEMBrose
Strategic Financial Management- Jakhotia
Books:
All the acts will cover in detail – Meaning, objectives, scope, provisions, coverage, registrations,
Rights, Penalties, fixation and Tribunals.
BOOKS
Text Book: 1. Labour Laws one should know- Garg, Ajay- Navi Publication
Reference Books:
1.Hand Book of Industrial law-Malik PL
2. Industrial relations and Labour law-SC Srivastava
Books
Employee training and development- Raymond A.NOE
HRM: Productivity, Quality of work life, profits - Wayne F. Cascio
HRM - Mirza & Sayadain
Books:
Database concepts: Overview of database system, basic database system terminology, data
model, Introduction of data base management System(DBMS), Feature of DBMS, Architecture
of DBMS
Physical data Organization & Network Model: Model for external storage organization Storage
hierarchy, index files, B-Trees, Files with variable length record, DBTG definition
Implementation of Network and programme environment.
Books:
Data Communication hardware: Host Clients, special devices, Network layers, topologies,
Routing, protocols, examples
Local Area Network: LAN definition LAN components, Ethernet, Token Rings, LAN
performance, examples
Network management: Feasibility Plan, Network design plan, Network requirements, Network
configuration, Implementation performance and fault management, End user support, cost
management, examples.
Network Security: Security types, Risk Assessment control of unauthorized access, examples.
Book:-
Books:
Object Oriented Programming in Turbo C++ - Robert Lafore;
Object Oriented Programming with C++ - E. Balagurusamy
The C++ Programming Language - B. Stroustrup
Let us C++ - Yashwant kanetkar
Overview of systems analysis and design, Business systems concept, system development life
cycle. The structured SMethodologies. Systems Analysis, Tools and Techniques: How to
analyse an information system. Process modeling with physical and-logical data flow diagrams,
data modelling with logical entity relationship diagrams, Project Dictionary.
System Design
Designing conventional computer files and controls, designing modem databases, Designing and
prototyping computer outputs and control, Structured design, feasibility and cost benefit analysis
tools and techniques, Hardware and Software selection.
System Documentation:-Principles of system documentation,types of documentation and their
importance
Supply Chain Management & ERP: Definition, supply chain integration, benefits of SCM,
performance, aims and ERP Vs SCM
Business Re-engineering & ERP: Introduction, definition and Common myths about BPR. The
7Rs of Re-engineering, Making BPR projects successful
Information Technology Plan for ERP system: Best technology practices, information technology
assessment, review the IT plan, review organization, service level, product mix and technology
Integration in ERP: Integrated data, master data, transactional data, and integrated process
Case studies
Text Book
Books
Programming with java-Balaguruswamy E
The Complete Reference on Java 2 – Patric Naughton
Books
Strategic Information Management: Challenges and strategies in managing information
systems. - Galliers, R. D.
Waves of Change: Business Evolution through information technology. - McKenney,
James L
Strategic information systems: competition through information technologies. New York,
MacMillan College, 1994
Creative Destruction: A six-page process for transforming the organisation. - Nolan,
Richard L
Memory management(contiguous
allocation,paging,swapping,segmentation).virtual memeory-Demand paging,page
replacement,page replacement algorithms FIFO,LRU)thrashing
I/O hardware-polling,interrupts,DMA,spooling,buffering.
MARKETING AREA
Books
1. Industrial Marketing – Analysis Planning & Control Reeder and Brierty
2. Industrial Marketing Management Hutt and Speh
3. Industrial Marketing Hill and Alexander
4 Industrial marketing-Cases & concepts. E. Raymond Corey-PHI
Economic Social and Ethical issues in Advertising, Advertising Regulation, Role of ASCI and
other regulatory bodies.
Planning and executing an advertising campaign: Setting the advertising objective, Response
Hierarchy models, DAGMAR, Defining the target audience, Apportioning the advertising. Budget
The Advertising. Agency, Agency structure, Flow of work in an Agency, Agency Compensation,
Client Agency relationship
Media Strategy: Types of media, Media characteristics, Media Objective, Evaluation of Media,
Media Measurement in India, Media selection and scheduling, Media Buying
Creative Strategy: Positioning strategy, Creative approaches, Creative style, Mood and appeal of
the message, The Big Idea, Elements of the message Copy. Appeal of the message, Comparative
Advertising.
Testing Advtg. Effectiveness: Communication and sales Effectiveness, Various methods of Pre
& Post testing.
Books
Advertising Management - Aaker David, Myers and Batra
Advertising and IMC – Tom Duncan
Advertising and Sales Prom otion – Kazmi and Batra
Integrated Advertising Promotion and Marketing Communications – Clow and Baack
Advertising Procedures- Otto Kleppner,
Advertising Management: Borden and Marshall
Types of Data: - Primary Data and Secondary Data, Secondary Data Sources for M.R.in India.
Sampling: Census and Sampling, Sampling Error, The population, Sample frame, Sampling
Units and elements, Sampling Techniques, Sample Size Determination.
Attitude Measurement: Types of scales, Nominal, Ordinal, Interval, Ratio Scales, Thurstone and
Likert Scales and Semantic Differential Scales, Disguised Structured methods, Depth Interview and
Focus Group Interview, Disguised and Unstructured Methods, Projective Techniques
Books
Books
Onkvsit, Sak and Shaw-International Marketing-Analysis and strategy
Keegan – Global Marketing Management
S.B.Bhattacharya: Export Marketing,Strategies for Success
R.Sarthy & V.Terpstra , International Marketing
• Health care professionals: Employment trends in the health Care Industry, Supply of
doctors, Nursing Shortages and future Role changes, Future Issues for Health Care
Professionals
• Refuse disposal Safe collection and hospital waste disposal -dumping- Incineration
References
• Supportive services: general medical services, hospital infection control, special medical
services, technical medical services, patient care services-patient counseling for surgical
procedures, reception, In patient care, Laboratory, Non technical services, admission and
discharge, special procedures, Grief Counseling
• Hospital administration: Non medical services, equipment planning, staffing, medical
records, mortuary services
In addition students will be required to submit a diisertion/ project report before the third
semester exam. Orientation and familiarization program thru visit of multispeciality Govt/
Private and corporate hospitals on a continuous basis
Reference
Lederer and Sethi, Pitfalls in Planning,
WHO, Hospital Planning
Smalley H & Freemand, J, Hospital Industrial Engineering, NY, Rein Hold 1966
• Medical negligence and medical malpractices: duty of care and its standard
contractual and tortuous liability, Negligence in diagnosis, Prescription and
Administration of drugs, Anastasia, surgery etc.
• Medico legal problems, Types, procedures to handle medico legal cases, police
investigations, court deliberations
• Legal remedies available to the patients under various laws including consumer
protection act. Damages
• Contractual and Tortuous liability: Justification of liability for negligence of doctors,
vicarious liability of the hospitals, Sale of drugs and application of drug laws
.
• Medical ethics and Code of conduct: Role of the medical Council Of India,
Disciplinary action by health care organizations
References
EMB 670 operations and marketing management for health care services
References
Jha, S.M. Services Marketing, Himalaya Pub, MuEMBai 1994
Koller, P. Marketing of Services, McGraw Hill, New York,1989
Books
Managing technology and innovation for competitive advantage - V. K. Narayanan
Managing Technology – The strategic view - Lowell W. Stede
- Supply Chain Design and Strategies: Nature of integration, Drivers of supply chain,
Elements of Supply Chain Strategy – Demand flow strategy, Customer Service Strategy,
Collaboration Strategy, Information Technology Strategy. Framework for Supply Chain
Integration.
- Supply Chain Processes: Management and control of Purchasing Process, Activities of
the Purchasing Department, Managing Suppliers – JIT Purchasing. Importance of
Inventory, Transportation, Warehousing. Participants in Transportation Decisions, Modes
of Transport. Transportation Analysis decisions.
Books
Supply Chain Management in the 21st Century – B.S.Sahay
Textbook of Logistics and Supply Chain Management –D.K.Agrawal
Supply Chain Management, Strategy, Planning and Operation – Chopra Sunil and Pete Meindl.
Logistics and Supply Chain Management – Raghuram G. and N.Rangraj
AGRO-BUSINESS MANAGEMENT
EMB 675 COOPERATIVE MANAGEMENT
- Introduction to co-operative management – origin and growth of co-operatives,
evolution of co-operative in India, institutionalisation of co-operative.
- Structure and classification of co-operatives, marketing co-operatives, dairy
cooperatives, fishers co-operative, labour co-operative, irrigation co-operatives,
industrial co-operatives and processing co-operatives.
- Need for co-operative form of organisation and role in management of co-
operative enterprise.
- Professional management of co-operative, policy making, leadership, planning
& organising functions in co-operatives, project planning & implementation of
co-operative
- Financial management issues in co-operative management, concept micro
financing and micro credit
- Marketing management issues in cooperative management
- Procurement and distribution management in co-operatives
- Co-operative laws, rules and by laws
Books
Co-operative Management - Pawan Kr. Kamra
Co-operative management & administration - B B Goel
Professional Management for the Co-operatives - K. Sah
Laws for the co-operative - R. D. Bedi
Management of Co-operative Enterprises ; Principles & Practices - S. K. Sinha & Sahaya
SAFETY MANAGEMENT
EMB 679 SAFETY ORGANISATION AND MANAGEMENT
- An overview of safety
Need for safety, safety and productivity, factors impeding safety, attitude
towards safety.
- Safety organization
The size, types, advantages and limitations of safety organization, safety policy,
role of management, supervisors, workers, trade unions and bipartite committee
in safety, the qualification and role of safety professionals. The function and
structure of safety departments and committees.
- Safety promotion and awareness
Safety training programmes, personalized vs mass safety programmes, safety
awareness meetings, contests and competitions, posters, displays and exhibits,
public relations, suggestion schemes, publicity tools and kits.
- Safety management techniques
Safety inspirations, procedures, periodicity, checklists and report forms, safety
planning, safety sampling, safety audit, safety survey, incident recall technique
and job safety analysis.
Books
1. Techniques of Safety Management - Dan Peterson
2. Industrial Safety - Blake Roland
3. Personnel Management - C. B. Mamoria
Books
1. Industrial Accident Prevention - H.W. Heinrich, Dan Peterson, Nester Roos
2. Techniques of safety management - Dan Peterson
3. Safety at work - John Ridley
EMB 681 SAFETY PRACTICES
- Human Safety in the use of Electricity – Joints and connections, insulations, continuity tests,
voltage classifications, system of equipment grounding, over circuit and short circuit current,
heating effects of current, fuses, circuit breakers and overload relays.
- Fire Prevention and Control – Dynamics of fire behaviour, fire properties of solid, liquid and
gas, fire spread, toxicity of products of coEMBustion.
- Fire protection systems – Fire resistance materials, sprinklers, hydrants, stand pipe, deluge,
emulsifier, CO2 system, foam system, DCP system, Alarm and detection system.
- An overview of the safety aspects of the following
(a) Material handling
(b) Building and plant
(c) Design and use of machines
(d) Construction and maintenance
Books
1. Accident Preventive Manual for industrial operation - NSC Chicago
2. A handbook of fire Technology - R S Gupta
3. Material handling equipments: N. Rudenko
HOSPITALITY MANAGEMENT
EMB 683 HOTEL MANAGEMENT
Books:
Books
Profile of Indian Tourism – Shalini Singh
Tourism Today – Ratandeep Singh
Dynamics of Tourism – Pushpinder singh gill
Introduction to tourism – Seth. P. N.
Tourism, past, present and future – Bukhart
Tourism principles and policies – A K Bhatia
Travel Agents and Tourism – Merrison James
Tourism and Cultural heritage of iindia – Acharya Ram
International Tourism – Francois Vellas & Lionel Bickerel, Macmillan Business
Tourism – The state of the art-Edited by Seaton, wood Etc.
Tourism – Routeldge, elliot, James
Tourism and Economic Development – Hall, Derak R
International City Tourism – mazanec, Josef
Tourism and Development in the third World – Routedge Lea J
Tourism ans Sustainability – Routledge Mowforth, Martin and Ian Munt
Books
Front Office operations - Colin Dix & chris Baird
Hotel front office management – James Bardi
Managing Front Office operations – Kasavana &Brooks
Front Office Training manual – Sudhir Andrews
Managerial accounting and hospitality accounting - Raymond S Schmidgall
Managing Computers in Hospitality industry – Michael kasavana and Cahell
Effective Front Office Operation – Michael Kasavana
A manual of Hotal Reception – JRS Beavis & S Medlik
Accomodation Operation Front Office – Colin Dix
Principles of Hotel Front Office Operations – Sue baker & Jeremy Huyton
Front Office Procedures, Social Skills and Management – Peter Abott & Sue Lewry
INTRODUCTION OF BANKING:
Meaning and Definition of Banking; Features of Banking; Classification of Banks; Indian
Financial Market and Commercial Banks; Banking Regulation Act.
BANKING OPERATIONS:
Banker & Customer relationship; The role of Paying Banker & Collecting Banker in relationship
building; Important provisions of Negotiable Instrument Act.
BANKING BUSINESS:
Employment of Bank Funds: Fund base business: Meaning and Concept of Loans and
Advances; Types of Loans: Cash Credit, Overdraft, Term Loan; Mechanism of operation of Loan
Accounts; Management of Loans and Advances; Legal aspects of Loans and Advances; Non-
Fund base Business: Bank Guarantee; Letter of Credit.
MERCHANT BANKING
Introduction; Concept; Merchant Banking operations in brief.
SECURITIES:
Primary and collateral securities; Mode of creation of Charges: Meaning and Concept of
Hypothecation, Pledge, Mortgage, Lien and Assignment.
NPA MANAGEMENT:
Prudential Norms: Capital Adequacy, Income Recognition and Assets Classification (IRAC);
NPA: Concept and Definition, Remedial and Corrective measures in managing NPAs.
RECENT TRENDS IN BANKING: Concept of modern banking: Net banking; Phone banking;
ATM; Bank Net; Venture Capital Funding; Factoring services; Bancassurance.
BOOKS:
Banking Law and Practice – P.N.Varshney
Indian Banking – R. Parameswaran and S.Natarajan
Money, Banking and International Trade – M.C. Vaish
Management of Indian Financial Institutions – R.M.Srivastava
INTRODUCTION:
Definition of Insurance; Nature of Insurance; Purpose and need of Insurance; Mechanism of
Insurance; Concept of Insurance; Double Insurance and Reinsurance; Insurance as a Social
security tool; Role of Insurance in economic development of a country.
Role of modern Insurance manager in sunrise sector; Prospect of Indian Insurance industry.
PRINCIPLES OF INSURANCE:
Contract of Insurance; Distinguishing features of Insurance contract; Principle of Indemnity;
Principle of Utmost Good Faith; Principle of Insurable interest; Requisites of Insurable risks;
Principle of Subrogation; Principle of Contribution.
INSURANCE LAWS:
Insurance Act 1938; Insurance Regulatory and Development Authority Act 1999 (IRDA);
Consumer Protection Act 1986 (COPRA).
TYPES OF INSURANCE:
Life and Non life Insurance: Introduction and concept; Important activities of Life Insurance
Cos., Principles of Life Insurance; Fire Insurance: Introduction and Concept; Marine Insurance:
Cargo Insurance and Hull Insurance, Types of Marine Insurance contract; Motor Insurance:
Meaning, Categories, and Certificate of Insurance; Health Insurance: Meaning and Concept;
Liability Insurance: Meaning and Concept.
CLAIMS:
Introduction; Legal aspects; Preliminary procedures; Investigation and Assessment; Surveyors
and Loss Assessors; Claim documents; Arbitration; Limitation; Settlement; Post settlement
action; Loss minimization; Salvage; Recoveries.
FUNCTIONS AND ORGANISATION OF INSURER:
Functions of Insurer: Production (Sales), Underwriting, Rate making, Managing claims and
losses, Investing and Financing, Accounting and other record keeping, Providing other services
like, Legal advices, Marketing research, Engineering, Personnel management etc;
INSURANCE MANAGER:
Development of Insurance manager: Product knowledge, Customer orientation, Business target,
Records and Review, Trustworthiness, Target market, Long-term relationship; Behavioral aspects
of Insurance manager: Motivation, Morale, Communication skills, Persuasive skills and
Analytical ability.
INSURANCE AND RISK MANAGEMENT:
Definition of Risk; Concept of Risk; Concept of Pure Risk in Insurance; Insurance as a Risk
Transfer tool; Risk manager vs. Insurance manager.
INDIAN INSURANCE INDUSTRY:
BOOKS
Principles of Insurance – Insurance Institute of India, MuEMBai
Practice of Insurance - Insurance Institute of India, MuEMBai.
Definition of Risk; Classification of Risk; Risk and Return trade off, Exchange Risk, settlement
risk (Re-settlement & settlement risk)
Risk in Foreign Exchange Operations: Foreign exchange markets, Exchange rate mechanism,
dealing, position, accounting &Reporting. Foreign exchange market in India.
Management of Interest Rate exposure, Concepts of interest rate risk, managing interest rate risk.
RBI/FEDAI Guidelines
Books
INTERNATIONAL ECONOMIC ORDER - World Trade and its trends; world monetary trends;
role of GATT; role of WTO.
Reference:
1. Foreign exchange and risk management By C. Jeevanandam
2. Money, banking and international trade by M. C. Vaish
Project I-:
Comprise of 2 Projects
1) Project on functional specialization (50 marks)
2) Summer project (50 marks)