Gujarat Syllabus MBA

SYLLABUS – MBA Financial Services

Syllabus – MBA Financial Services

FIRST SEMESTER

Management-Theory and Practice

Block I - Management and Managerial Planning

Definitions, nature and scope of management, functions and process of management-evolution

of management theory from Taylor, Fayol, Drucker to the present. Growth of professional

management in India. Ethics in management. Planning process, types of plans, strategic vs.

operational plans, models of strategy formulation, linking strategy to structure

Block II - Decision Making

Managerial decision-making process and models, steps in rational decision-making, creativity

and group decision-making.

Block III - Organizations

Organizational theories and design, various forms of organization structures, span of

management principles of coordination, authority, power, delegation and decentralization.

Block IV - Managerial Control

Relationship between planning and control-limitations of control, types of control systems and

techniques – management by exception, budgetary control, functional and dysfunctional aspects

of budgetary control, internal control systems, internal audit and management audit

Book References

1. Koontz and O’Donnell. E. Essentials of Management. McGraw Hill, New Delhi

2. Fred Luthans. Introduction to Management. McGraw Hill, New Delhi

3. Peter.F.Drucker. The Practice of Management

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4. Stoner, Freemen and Gilbert. Management

5. Griffin. Management

6. Holt. Management

7. Peter. F. Drucker. Management- Tasks and Responsibilities

8. Theo Haimann. Professional management

9. Richard L.Draft. Organization Theory and Design

10. Richard L.Draft. Management

11. Peter F.Drucker. People and Performance

Managerial Economics

Block I - Managerial Economics and Theory of Consumer Behavior

Introduction, Basic concepts and their application in business decision-making. Demand and

Supply Analysis: determinants of supply and demand- nature of demand and supply curves,

market equilibrium, price elasticity, demand forecasting and estimating methods .Consumer

preferences, indifference curves, budget constraint, utility maximization and the derivation of the

consumer demand curve.

Block II - Production and Cost Analysis

production functions-cost functions, and profit functions, total, average and marginal costs,

returns to factors and scale, short run v/s long run decisions, derivation of the supply curve.

Block III - Market Analysis

Market forms, perfect competition, monopoly, monopolistic, oligopoly. Output and price

determination. Cartels and collusion, mergers and acquisitions and government regulations in the

form of price directives, taxes, subsidies, anti-trust action and competition polices.

Block IV - National Income Accounting

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Concepts of GDP, NI, per capita income, PPP National income accounting in India. Business

cycles and business forecasting. Measuring business cycles using trend analysis, macro economic

indicators in business cycle measurement, Coping strategies for business.

Book References

1. Dominick Salwatore. Managerial Economics

2. Gupta and Mote. Managerial Economics

3. Samuelson &Nordhaus. Economics

4. Peterson and Lewis. Managerial Economics

5. Dominick Salvatore. Micro Economics

6. Palmer and others. Macro Economics

7. Koutinyas. Macro Economics

Accounting for Management

Block I - Introduction to Accounting

Meaning - Accounting concepts and conventions –Financial Accounting V/s Management

Accounting –Recording, classifying and summarizing business transactions leading to

preparation of final accounts of sole proprietary, merchandizing ,manufacturing and service

businesses using Excel.

Block II - Company Final Accounts in India

Requirements of Companies Act of 1956 with respect to preparation of Final Accounts of

Companies - Annual Reports and its contents

Block III - Financial statement Analysis and Excel Applications

Techniques of financial statement analysis: Horizontal analysis, Vertical analysis, Trend

Analysis, Ratio Analysis (Profitability, Liquidity, Solvency and Capital market ratios),

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preparation of fund flow & cash flow statement using Excel. Preparation and Analysis of Income

Statement, Balance Sheet, Cash Flow Statement, Ratios and Projections using excel

Block IV - Cost Accounting

Elements of Costs, Classification of costs, Preparation of Cost Sheet, Cost accounting systems:

Job costing, process costing, contract costing and service costing, Marginal costing and use of

break-even analysis in decision-making –Relevant costs for marketing and production decisions-

Cost Drivers and Activity Based Costing.

Book References

1. R.Narayanswamy. Financial Accounting: A Managerial perspective

2. Horngren, Sundem, Stratton. Introduction of Management Accounting

3. Duncan Willamson. Cost and Managerial Accounting

4. Asish K Bhattacharayya. Cost accounting for Business Managers

5. Colin Drury. Management and Cost Accounting

6. Hensen Mowen. Management Accounting

7. Chandan Sen Guptha. Financial Analysis and Modelling

Organizational Behavior

Block I - Fundamentals of Organizational Behavior

Evolution of organizational behavior, individuals and Organizations, forces affecting

organizational behavior, Changing work force and employment relations, impact of globalization

and information technology on organizational behavior

Block II - Individual Dimensions and Group Dynamics in Organizational Behavior

Individual differences – perceptions, interests, aptitude, attitude, learning, personality, creativity.

Group behavior, team development, group cohesiveness – group decision making process, ,

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Effective teams, organizational conflicts, & conflict resolution, interpersonal skills, Johari

Window and transactional analysis.

Block III - Motivation

Theories and models of motivation, Leadership, theories of leadership & leadership styles

Block IV - Management of Change

Resistance to change, change models, change agents, Organizational effectiveness,

Organizational climate and culture, learning organizations

Book References

1. Robbins. Organizational Behavior

2. Fred Luthans. Organizational Behavior

3. Keith Davis. Human Behavior at Work

4. Daft. Organizational Theory and Design

5. Peter Senge. The Fifth Discipline

6. Stephen Covey. The Seven Habits of highly Effective People

7. Uday Parekh. Understanding Organizational Behaviour

8. Howard Gardner. The Five Minds

9. Edward De Bono. All the books

10. Landy and Jeffrey. Work in the 21st Century

Quantitative Techniques

Block I - Quantitative data interpretation in managerial decision making

Collection – classification – tabulation – frequency distribution – charts using excel, measures of

central tendencies and dispersion – using visual explorations in MS excel.

Block II - Correlation, regression and Probability distributions

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Multiple correlation – basic probability concepts – conditional probability – Bayes theorem – use

MS excel PH STAT2. Binominal Poisson and normal distributions using excel – estimation –

point and interval – using Excel.

Block III - Statistical Decision Theory

Hypothesis Testing for means and proportions and for difference of means and proportions –

analysis of variance.

Block IV - Sampling

Sampling techniques, random sampling, random numbers table, Monte Carlo simulation, Chi-

square tests, time series forecasting, hands-on with MS excel.

Book References

1. Levine, Stephan & others. Statistics for Managers – using Microsoft excel

2. Richard Levin and Rubin. Statistics for Management – [excel version]

3. Murray Spiegel. Statistics. Schaum Series

4. Murray Speigel. Probability and Statistics. Schaum Series

5. Samul Bodiley & others. Quantitative Business Analysis – Text & Cases

6. Kazmier. Business Statistic. Schaum Series

7. Bereuram and Levine. Basic Business Statistics

8. Anderson, Sweeny & William. Quantitative Methods

Written Analysis and Communication

Block I: Theory of Communication and Oral Communication

Definitions of Communication, Process of Communication, Elements of Communication, What

constitutes a Communication Situation? Why is Communication Important in Business

Organizations? Kinds of Communication (based on direction), Formal and Informal

Communication Channels, Barriers to Effective Communication: physical, physiological and

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psychological, overcoming the Barriers. Listening as a Business Tool, Hearing vs. Listening,

Characteristics of a Poor Listener, Listening for Facts vs. Listening for Over-all Comprehension,

Kinds of Listening, Approaches to Listening, Barriers to Effective Listening. Effective Oral

Communication, Interviewing, Negotiation, Communication in Groups. Presentation: Types,

Audience Analysis, Formulating Core Statements, Organizing and Making the Presentation, Non-

Verbal Dimensions of a Presentation.

Block II: Written Communication and Nonverbal Communication

Reading as a Process of Decoding Messages, Importance of reading, Types of reading, Factual

Comprehension and Inferential Comprehension, the SQ3R (Survey, Question, Read, Recall,

Review) Technique of Reading, SARAS ( Survey, Analyze, Read at Appropriate Speed) Method

of Reading, Factors that impact reading.ii. Business Correspondence, the 7C’s of Written

Communication, Formal and Informal Letters, Structure and Layout of a Business Letter: the

standard & special parts, Writing Routine, Pleasant and Unpleasant Letters, Persuasive Letters,

Collection Letters, Sales Letters: Sales Messages and the AIDA (Attention, Interest, Desire,

Action) Principle, Writing Effective Memos, Reports, Types, Framework of a Report, Writing

the Report, Using Graphics to Manage Data. Characteristics of Non -Verbal Communication,

Traditional and Conventional Audio- Visual Communication, Kinesics: posture and gait,

gestures; emblems, illustrators, regulators, adapters, facial expressions, haptics, Proxemics: the

use of physical space, Paralanguage: voice qualities, voice qualifiers, vocal characteristics and

vocal segregates, Chronemics: monochromic and polychromic systems, time orientations, Dress,

Interaction of Verbal and Non- Verbal Communication.

Reference Books:

1. David A Ricks. Big Business Blunders. Hutchinson Press, 1999

2. Business Communication. ICMR Publications

3. Gibson, J W and Hodgetts R M. Business Communication. Harper and Row, 1990.

4. Bovee C L and Thill J V. Business Communication Today. McGraw Hill, 2008

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5. Ron Hoff. A Fearless Guide to Making Great Presentations. Andrews and McMeel, 1998.

6. Hall J A and Kapp M L. Nonverbal Communication in Human Interaction (3rd ed.). Holt

Rinehart and Winston, Inc, 1992.

7. Jack Criffrin. How to Say it for the First-Time Managers. Prentice Hall, 2010

8. James Mathewson et al. Audience, Relevance and Search. IBM Press, 2010

9. Mark Goulston. Just Listen. AMACOM, 2009

10. Adrian Furham and Evgeniya Petrova. Body Language in Business. Macmillan, 2009

11. Natalie Canavar and Claire Meirowitz. The Truth About the New Rules in Business

Writing. F T Press, 2009

12. Paul B Brown and Alison Davis. Your Attention Please. Adams Media, 2006

13. Andy Maslen. Write to Sell. Marshall Cavendish, 2009

14. Kevin Hogan. The Secret Language of Business. John Wiley & Sons, 2008

15. Guerrero L K, Devito JA, and Hecht M L. The Nonverbal Communication Reader:

Classic and Contemporary Readings (2nd ed.). Long Grove, IL: Waveland Press, Inc,

1999

16. West R and Turner L. H. Introducing Communication Theory: Analysis and Application.

Mountain View, CA: Mayfield, 2000

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SECOND SEMESTER

Marketing Management

Block I - Introduction to Marketing Management

Nature of marketing management, Types of products / services. Marketing concepts: Product,

Production, Selling, Marketing and Societal, Concepts Marketing environment, elements of

Marketing Mix. Classification of goods & services.

Block II - Consumer Behavior, Market Segmentation and Targeting

Consumer & buyer behavior process, models of consumer behavior. Market research and market

intelligence. Marketing information system. Market Segmentation and Targeting: Concept of

segmentation and targeting, basis for segmentation. Segmentation for consumer and industrial

products, Product positioning.

Block III - Product & Price

Product Mix and Product Line, levels of product, new product development and product life

cycle strategies. Branding, types of brands, brand building, measuring brand equity. Packaging

and labeling. Pricing: General pricing approaches, new product pricing strategies, Public policy

and pricing.

Block IV - Promotion and Place Mix

Elements of promotion mix, Marketing communication process,Publicity, Advertising and public

relations. Personal selling and sales promotion. Direct marketing and online marketing.

Distribution channels and logistics management, Channel design and administration, Public

policy and distribution decisions.

Book References

1. Philip Kotler Marketing Management (New edition. Prentice Hall India)

2. Perault. Basic Marketing

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3. William Stanton. Fundamentals of Marketing

4. Philip Kotler and Garry Armstrong. Principles of Marketing

5. Rajan Saxena. Marketing Management

6. Zickmund. Marketing Management

7. Ramesh Kumar. Marketing

Human Resources Management

Block I - Perspectives in HRM

Role of HR managers, sub-systems of HRM, HR functions and policies. Organization for HRM,

Development of HRM in India, Recent trends in HRM, Impact of globalization on HRM.

Block II - HR Planning, Recruitment and Selection

Scope of HR planning, Job analysis, job design Job description and job evaluation, methods of

recruitment. Testing for selection of employees, use of psychological test, selection process,

interviews, errors in selection.

Block III - Training and Development

Induction and Orientation, methods of training, training manual, training under ISO and QS

Certification. Supervisory, Executive and Management development programmes. Career

development.

Block IV - Performance Management

KRA and KPAs, Traditional vs Modern methods of performance management. Potential

appraisal, Feedback systems & Job evaluation.

Block V - Compensation Planning

Wages and salary, Administration perks, Fringe benefits, Bonus, Incentives. Compensation

surveys. Productivity, Performance linked Pay structure. Compensation review and structuring.

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Book References

1. Keith Davis. HR and Personnel Management

2. Flippo. Personnel Management

3. T.V. Rao. Human Resource Management

4. Pattanaik. Human Resource Management

5. Micheal Armstrong. Human Resource Management

6. Gary Desseler. Human Resource Management

Financial Management

Block I - Goal of the Firm

Profit maximization vs wealth maximization, Value creation, Agency problems, Social

responsibility, Role of financial management, Time value of money, Valuation of securities –

stocks and bonds. Concept of risk and returns of securities, using probability distribution to

measure risk, risk and return in portfolio context (using excel).

Block II - Capital Budgeting & Cost of Capital

Estimating cash flows – initial, intermediate and terminal Cash flows on incremental basis,

Capital budgeting decision rules, Payback, ARR, DCF techniques – NPV, IRR, PI, using excel.

Cost of debt, preferred stock, equity, computing WACC, The CAPM approach, Adjusting

WACC for risk. Long-term financing, Public issue of debt, Preferred stock and Common stock,

Term loans.

Block III - Capital Structure Theories

Traditional view vs MM hypothesis, MM position I &II, Capital structure designing in practice –

EBIT- EPS analysis, the pecking order theory. Dividend decisions, Relevance vs irrelevance of

dividends.

Block IV - Working Capital Management and Finance

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Cash management, Receivables management and Inventory management, Working capital

finance in India

Book References

1. Van Horne and Wachowitz Fundamentals of Financial Management

2. Van Horne. Financial Policy and Management. 12th edition.

3. Prasanna Chandra. Financial Management

4. Brigham and Erhardt. Corporate Finance

5. Ross, Wetfield & Jaffer. Corporate Finance

Computer Applications in Finance

Block I - Computer Applications in Finance

Computer System: Role of computer system as Information system, functional components of

computer system, Software Requirements, Overview of Management Information Systems and

System concepts, ERP softwares and their uses in financial information dissemination,

Introduction to the uses of software in Finance, Introduction to Spreadsheets, Various functions

in Spreadsheets using MS Excel Spreadsheets, Advance applications of Excel and VBA for

financial Modeling.

Book References

1. P.K.Sinha. Computer Fundamentals. BPB Publisher, 2003.

2. Andrew S. Tanenbaun. Computer Network. Prentice Hall, 2002.

3. Rustam Shroff. Computer Systems & Applications. Himalaya Publishing House, 2004.

4. Rustam Shroff. Computer Systems & Applications. Himalaya Publishing House.

5. Chandan Sengupta Using Excel and VBA for Finance. John Wiley 2002.

6. Sanjay Saxena. A First Course in Computer. Vikas Publishing House Pvt. Ltd., 2005.

7. Grean Stein Feinman. Electronics Commerce. McGraw Hill, 2000

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8. N.Subramanium. Introduction to Computers. McGraw Hill, 1986.

Quantitative Finance

Block I - Quantitative Finance

Importance of mathematical concepts in Finance: Time value of Money, Risk and return theory,

Value at Risk, Monte Carlo Simulation, Yield calculation for Bonds, Yield curve fitting,

Valuation and Pricing, Different approaches to Equity Valuation, Binomial and Black Scholes

model of Option pricing, Martingale approach, Capital Asset Pricing Model.

Book References

1. Paul Wilmot Introduction to quantitative Finance 3rd Edition 2007 John Wiley

2. Grimmett and D.R. Stirzaker, Probability and Random Processes, 1997,Oxford

University Press.

3. Hamilton: Time Series Analysis :1994 Princeton University Press.

4. Rice: Mathematical Statisitics and Data Analysis: 1988: Wadsworth: Brookskole

5. Madhu Sinha: Financial Planning 2008 Tata Mc. Graw Hill

Research Methodology

Block I - Research Methodology

Foundations of Research, Characteristics of scientific method, Understanding the language of

research, Problem Identification & Formulation and steps in research, Research Design ,Types of

Research Design, Qualitative and Quantitative Research, Probabilistic and Non probabilistic

Sampling, Practical consideration in sampling and sample size.

Book References

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1. Donald R.Cooper and Pamela S.Schindler. Business Research Methods, 9th edition.

Tata Tata Mc Graw Hill, 2008.

2. Alan Bryman & Emma Bell. Business Research Methods. Oxford University Press, 2007.

3. C.R.Kothari. Research Methodology. New Age International, 2008.

4. Willian G. Zikmund. BusinessResearch Methods. South-Western Cengage Learning,

2010.

SEMESTER III

Security Analysis and Portfolio Management

Block I – Fundamentals of Investment management

Basics of Investment, Financial Markets, Investment alternatives, the concept of risk and return,

investment risks, methods to measure investment returns, Financial Mathematics, Fixed income

securities, Bond Principles, Yield to Maturity, Duration

Block II – Portfolio Construction

Portfolio Objectives, Investment Policy versus Investment Strategy, Diversification, Efficient

Market hypothesis, Markowitz theory, CAPM, APT, Security Market Line, Stock Selection in the

portfolio- Fundamental Analysis, Introduction to Financial Statement Analysis, Stock Selection-

Technical Analysis

Book References

1. Prasanna Chandra. Investment Analysis and Portfolio Management. McGraw Hill, 2009.

2. Bodie, Kane, Marcus and Mohanty. Investments. Tata Mc. Graw Hill, 2007.

3. S. Kevin. Portfolio Management. Prentice Hall, 2006.

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4. Frank J. Fabozzi. Institutional Investment Management. John Wiley and Sons, 2009

5. Charles Smithson. Credit Portfolio Management. John Wiley and Sons, 2009.

6. Robert A. Strong. Portfolio Construction, Management, and Protection. South Western

Cenage Learning, 2009.

7. John C Hull. Fundamentals of Options and Futures. Pearson, 2005.

8. Leland E. Crabbe, Frank J. Fabozzi. Corporate Bond Portfolio Management. John Wiley and

Sons, 2006.

9. Dobofsky: Introduction to Derivatives 2003: Oxford University Press

Strategic Financial Management

Block I - Financial Strategy for Organisations

Strategy Concepts : Definition and meaning by various schools Strategic Planning and long range

Business Planning graduation from operational to policy to Strategic decision making, Working

Capital Strategy, Matrix Methods for Strategic Decisions, Organizational Strategy

Block II- Strategic Financing Decisions

Efficient Market, Six Lessons of Market Efficiency, corporate Financing, Payout Policy and

Capital Structure, Debt Policy, The effect of financial leverage in a competitive tax free

economy, Financing and Valuation

Block III- Mergers, Acquisitions and Takeovers

Motives for Mergers, Mergers and Amalgamations, types of takeovers, legal aspects, procedural

aspects, economic aspects, financial aspects, accounting aspects, taxation aspects, Funding of

Mergers and Takeover, Corporate Demergers / Splits and Divisions

Book References

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1. Upendra Kachre. Strategic Management. Excel Book – 1st Edition 2005

2. Reed and Reed Lajorex. The art of Mergers & Acquisitions. McGraw Hill, 1999.

3. S.Ramanujam. Mergers. Tata McGraw Hill, 2000.

4. Sridharan and Pandian. Guides to Takeover and Mergers. Wadhava Publications, 2002.

5. Machiraju. Mergers. Acquisitions and Takeover. New Age International, 2003.

6. Weston, Sen and Johnson, Takeovers, Restructure and Corporate Governance, Prentice

Hall, 2003.

7. Peirick A. Gaughan. Mergers, Acquisitions and Corporate Restructuring. John Wiley &

Sons, 2003.5. Michael Porter Competitive Strategy Free press, 1998

Business Law

Block I - Indian Contract Act and Company Law

Law of Contract, Special Contracts, Company Law, Corporate Personality, Stages of formation

of a Company, Prospectus and Other Documents: Doctrine of Indoor Management, Prospectus,

Shares, Debentures and Dividends

Block II - Security Market Law

An Overview of Legal and Regulatory Framework for Capital market, Capital Market

Intermediaries regulations, Stock Exchange Regulations, Other Regulations: Venture Capital

regulatory framework, Collective Investment Schemes Regulatory framework, Overview of

depository system

Book References

1. N. D. Kapoor. Elements of Mercantile Law. Sultan Chand and Company, 2006.

2. Robert W Emerson. Business Law. Barron’s Educational Series Inc, 2006.

3. Satyanarayana G. Business Law. Apollo Publishers, 2009.

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4. Avatar Singh. Company Law. Eastern Book Company, 2008.

5. Gulshan S.S. and Kapoor G.K. Business Law. New Age International, 2009.

Mutual Funds

Block I - Mutual Fund Industry in India

Structure of mutual fund, Types of Funds, Introduction to ETFs Salient features,

Introduction to debt funds Salient features, Regulation of Mutual funds in India, Role of

Mutual funds in Financial Planning

Block II- Mutual Fund Portfolio Management

Portfolio construction of a mutual fund, Management of portfolio risk, Mutual Fund

Performance evaluation, Asset allocation decision, sector and security selection decisions,

style analysis, Active portfolio Management, International Diversification

Book References

1. H.Sadhak Mutual funds in India: Marketing strategies and investment practices,

2. M.Y.Khan. Financial Services. Tata McGraw Hill, 3rd Edition, 2005

3. Prassana Chandra. Investment Analysis and Portfolio Management. McGraw Hill.

4. Bodie, Kane, Marcus and Mohanty. Investments. Tata Mc. Graw Hill, 2007.

5. AMFI Handbook on mutual funds .

6. R. Strong .Portfolio Management. Jaico Publishing, 2001

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Risk Management

Block I - Overview of Risk Management

Risk assessment & Management, Pricing in Foreign Currency, Types of risk and return, Internal

and External Techniques, Price variation, Short Term borrowing, Pricing in Foreign Currency,

Instruments of Risk Management, Process of Risk evaluation and Risk Control

Block II - Measurement of Risk

Measurement of Risk- Behavioral view of risk, statistical measures of risk, Portfolio Risk:

Portfolio Expected Return, Portfolio Variance and Standard Deviation, Concept of Modern

portfolio theory, Value at Risk (VaR), Insurable risks, Pure Risk, Handling and Monitoring of

Risk

Book References

1. Peter Christ offerson. Elements of Financial Risk Management. Academic Press, 2003.

2. John C. Hull. Fundamentals of Futures and Options. Pearson, 2005.

3. Emmett J. Vaughan, Theresa Vaughan. Risk Management. Wiley, John & Sons, 1996.

4. Neil A. Doherty. Integrated Risk Management: Techniques and Strategies for Managing

Corporate Risk. McGraw Hill, 2000.

5. Vohra and Bagri. Futures and Options. McGraw Hill, 2010.


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SEMESTER IV

International Financial Management

Block I - Overview of International Finance and Financial Markets

Nature and characteristics of International Business, Scope of International Finance, WTO and

its impact; Role of World Bank, IMF, SDR. Trade settlement methods, International Trade flows,

Capital Flows, The foreign exchange market, Exchange Rate Mechanism and Foreign Exchange

exposure, Risk management and forecasting foreign Exchange rate

Block II - The Exchange Rate Theory and International Monetary System

Purchasing power parity and floating exchange-rate experience, the purchasing power parity, the

empirical evidence on the PPP - Monetary Models, The concept of risk premium and different

types of risk, The Balance of payments

Book References

1. Jeff Madura. International Financial Management. Cengage Learning, 2010.

2. A.V. Rajwade. International Finance. Academy Of Business Studies, 2006.

3. P.G. Apte. International Finance Management. McGraw Hill, 2010.

4. John Holland. International Finance Management. Oxford, Blackwell Publication, 1997.

5. Shapiro. International Finance. Wiley India Pvt Ltd, 2008.

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Financial Derivatives

Block-I – Futures and Forwards

Risk Management using futures and forwards, Principles of future markets, Pricing of futures,

Pricing of foreign Exchanges futures contract Valuation of long and short forward contract,

Principles of Swaps, Mechanics of interest rate swaps, Credit Derivatives, The pricing of CDS

Block II - Options

Introduction and definition of options, Types of options, Option trading, Option premium , Profit

and loss in options, Option strategies, Option pricing, factors affecting option pricing, Option

Overwriting, Exotic Options and other derivatives, Mortgage backed Securities, Non standard

swaps, Weather Derivatives, Energy Derivatives, Insurance derivatives.

Book References

1. John C. Hull. Fundamentals of Futures and Options. Pearson, 2005.2. Vohra and Bagri. Futures and Options. McGraw Hill, 2010.

3. Dobofsky: Derivatives Oxford University Press 2003

4. Robert Strong: Portfolio Management Jaico Publishing, 2001


Commodity Derivatives

Block I - Introduction to Commodity Derivatives

Derivatives definition, types of derivatives, products, participants and functions, Commodity

Derivatives, Evolution of Indian Commodity Derivatives Market, Pricing commodity derivatives,

Commodity Supply and demand, Effect of Business Cycles and fluctuation of interest rates on

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Commodity markets and their impact on the futures and options contracts of the commodities,

unique behavior of commodities like coffee and wheat

Block II - Commodity Derivative Trading

Commodity Derivative Trading, Trading Operations, Price, Margining, Final Settlement,

Exception handling, Regulatory Framework: Forward market commission, Essential commodities

Act, Accounting and Taxation Issue, Trading Infrastructure

Book References

1. John C. Hull. Fundamentals of Futures and Options. Pearson, 2005.2. Vohra and Bagri. Futures and Options. McGraw Hill, 2010.

3. Dobofsky: Derivatives Oxford University Press 2003

4. Robert Strong: Portfolio Management Jaico Publishing,2001


Financial Markets and Institutions

Block I - Introduction to Financial Markets

Structure of financial system, Financial Institutions, Financial Markets Financial instruments and

services; financial system and Economic Development, Money Supply and Banking, Role of

financial sector in economic development, Insurance Industry in India

Block II- Regulators and Other Market Participants

Financial Regulators: Securities and Exchanges Board of India, SEBI act, Investment Banks-

Structure and functions, Merchant banking: Concept, Growth, Merchant Banking in India, Other

Financial Services

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Book References

1. Gomez. Financial Markets Institutions and Financial Services. Prentice Hall of India,

2007.

2. Bhole and Mahakud. Financial Institutions and Markets. McGraw Hill, 2010.

3. G. Ramesh Babu. Financial Markets and Institutions. Concept publishing company,

2006.

4. Khan and Jain. Financial Services. McGraw Hill, 2010.

5. P.Mohana Rao, R.L. Hyderabad. Financial Services- Text, Cases & Strategies. Deep &

Deep Publication, 2002.

6. Ja Pratap G Subramanyam. Investment Banking: Theory and Practice. McGraw Hill,

2008.

7. H.R.Machiraju. Merchant Banking: Principles and Practices. New Age International,

2005.

8. Richard A Brealey, Stewart C Myers Allen. Principles of Corporate Finance (Special

Indian Edition). McGraw hill, 2007.

9. Ellis Ma Ferran. Company Law and Corporate Finance. Oxford University Press, 2003.

10. Y Nagdeman. Financial Services Marketing. John Wiley and Sons, 2008.

Financial Planning and Wealth Management

Block I - Investment and Retirement Planning

Introduction to Investment Planning, Investment risk, Investment Vehicles, Introduction to

Retirement Planning: Meaning, Issues, Retirement needs analysis, Retirement income streams,

Post-retirement counseling, Pension sector reforms, Need for reforms, Reform proposals.

Block II - Insurance and Tax Planning

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Introduction to Insurance Planning, Insurance and Risk, Life insurance needs analysis, Tax

Planning Considerations, Ethical considerations in tax planning, Tax compliance matters,

Taxation terminology, Tax calculations and special rules, Tax characteristics of business forms,

Tax Planning Strategies, Financial Planning Process

Book References

1. Harold Evensky. Wealth Management: The Financial Advisor's Guide to Investing and

Managing Client Assets. McGraw hill, 1996.

2. Eugene F. Brigham and Joel F. Houston. Fundamentals of Financial Management.

Cengage Learning, 2009.

3. S.K. Bagchi. Wealth Management. Jaico Publishing House, 2009.

4. Dun, Bradstreet. Wealth Management. McGraw Hill, 2008.

5. Madhu Sinha. Financial Planning. McGraw Hill, 2008.

6. George E. E. Rejda. Principles of Risk Management and Insurance. Pearson Education,

2007.

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