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Eco and FM SemIV

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32 views2 pages

Eco and FM SemIV

Uploaded by

AJIT GUDEKAR
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Program: Common to all Programs.

Semester: IV
Course: Economics and Financial Management (DJS23ICHSX07)

Pre-requisite: Knowledge of Economics and Finance domain current affairs.

Objectives:
1. To describe the relationships among variables to analyse economic issues.
2. To Explain the function of the market and prices as an allocative mechanism.
3. To identify key macroeconomic indicators and measures of economic change, growth, and
development
4. To understand basic concepts of financial management and their application in investment and
financing decisions
5. To explore the relationship between Financial Management and Financial Statements.

Outcomes: On completion of the course, learner will be able to:


1. Analyse individual decision making, how prices and quantities are determined in product and factor
markets, microeconomic and macroeconomic outcomes
2. Analyse the performance and functioning of government, RBI, markets, and institutions in the
context of social and economic problems.
3. Analyse the current economic status of India at global levels and provision in budget to address
economic issues at national level.
4. Describe an understanding of the overall role and importance of the finance function.
5. Analyse financial performance and make appropriate inferences.

Economics and Financial Management (DJS23ICHSX07)


Unit Syllabus Content Hours
Introduction to Economics
Fundamentals of Economics, Definition and scope of economics, the nature of the
economic problem, finite resources and unlimited wants, definitions of the factors of
production and their rewards, definition of opportunity cost, the influence of opportunity
1 cost on decision making. 06
Microeconomics and Macroeconomics
The role of markets in allocating resources, the market system, introduction to the price
mechanism, Demand, Supply and Price determination, Price elasticity of demand and
supply (PED).
Role of Government and RBI
Money, Banking, Households, Firms, economies and diseconomies of scale, Market
2 Structure, Fiscal Policy, Monetary Policy, Economic Growth, causes and consequences of 04
recession, causes of economic growth, measurement of economic growth inflation and
deflation, living standards, indicators of living standards.
Government Policies
Last 20 years Journey of Indian Economy, Measures taken to grow Indian Economy,
Meaning of India is the world's fifth-largest economy by nominal GDP and the third-
largest by purchasing power parity (PPP), On a per capita income basis, India ranked
3 139th by GDP (nominal) and 127th by GDP (PPP) (Data reference year 2023), 04
Comparison of top 5 largest economies in world, Discuss key points of India latest
union budget and its impact on Indian economy and citizens, Meaning of Initiatives
like Make in India, Digital India, Skill India etc. and expected impact on Indian
Economy
Overview of Financial Management
Fundamentals of financial management, principles and functions of the financial
4 04
management, Strategy, methods, and techniques of the financial management,
Overview of financial instruments, financial markets, financial Institutions
Overview of Financial Statements
Balance Sheet, Profit and Loss Account, and Cash Flow Statement; Purpose of
5 08
Financial Ratio Analysis; Liquidity Ratios; Efficiency or Activity Ratios;
Profitability Ratios; Capital Structure Ratios; Stock Market Ratios;
Total 26

Books Recommended:
Text books:
1. Gaurav Datt & Biswajit Nag, “Datt & Sundharam's Indian Economy”, S. Chand Publications,
73rd Edition, 2024.
2. Prasanna Chandra, “Fundamentals of Financial Management”, McGraw Hill Publications, 7th
Edition, 2020.

Reference Books:
1. Public Economics: The Macroeconomic Perspective by Burkhard Heer, Springer International
Publications,2019
2. Indian Economy: Economic Ideas, Development, and Financial Reforms by Raj Kumar Sen,
Deep & Deep Publications, 2008
3. Indian Economy: Performance and Policies by Dr. V. C. Sinha, SBPD Publications,2021
4. Financial Management by C. Paramasivan, T. Subramanian, New Age Publications,2009
5. Financial Management Practices in India by Sandeep Goel, Taylor & Francis Publications,2016

Evaluation Scheme:
Continuous Assessment (A):
Will consist of following three components:
1) Term Test 1 (based on 40 % syllabus) – 15 marks.
2) Term Test 2 (on next 40 % syllabus) – 15 marks.
3) Assignment / course project / group discussion / presentation / quiz – 10 marks
Total summing up to 40 marks.
Semester End Examination (B):
Theory:
Question paper based on the entire syllabus will comprise of 4 questions (All compulsory, but with
internal choice as appropriate), each carrying 15 marks, total summing up to 60 marks.

Prepared by Checked by Head of the Department Principal

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