A.C.-03.08.

2022
Appendix-110

UNIVERSITY OF DELHI

B.A. (Hons.) Business Economics

(SEMESTER-I)
based on
Undergraduate Curriculum Framework 2022 (UGCF)
(Effective from Academic Year 2022-23)

University of Delhi

Semester –I

DSCs:-

Course Title Nature Total Components Eligibility Contents of the

of the Credits L T P Criteria/ course and
Course Prerequisite references may be
seen at
4 3 1 0 Class XII Annexure – I
Microeconomics-I DSC-1
Pass
Accounting for 4 3 1 0 Class XII Annexure -II
DSC-2
Managers Pass
Mathematics for 4 3 1 0 Class XII Annexure -III
Business DSC-3 Pass
Economics-I

GEs:- (Odd Semesters)

Course Title Nature Total Components Eligibility Contents of the

of the Credits L T P Criteria/ course and
Course Prerequisite references may be
seen at
Principles of 4 3 1 0 Class XII Annexure – IV
GEC1
Economics Pass
Legal 4 3 1 0 Class XII Annexure –V
Environment of GEC3 Pass
Business
Quantitative 4 3 1 0 Class XII Annexure –VI
Techniques in GEC5 Pass
Management
Economics of 4 3 1 0 Class XII Annexure –VII
GEC7
Startups Pass
International 4 3 1 0 Class XII Annexure –VIII
GEC9
Economics Pass
Economic Policy 4 3 1 0 Class XII Annexure –IX
GEC11
Framework Pass
 ANNEXURE-I

DSC - 1: Microeconomics – I

Objectives

This is the first course in a group of two that together cover the basic concepts of
Microeconomics. This course covers the areas of consumer demand, production, cost and
different types of commodity markets. It introduces the concept of economics, market
equilibrium, elasticity, and consumer and producer behaviour at the basic level. It is a core
foundation paper giving the students a micro aspect of different economic activities.

Learning Outcomes

· To analyse the market behaviour by understanding the basic concepts of microeconomics.

· To provide students with an understanding of the standard theoretical analysis of consumer

and producer behaviour.

· To know the applications of theory of production and cost structure

Course Structure

Unit 1: Basic Concepts (2 weeks)

Scope and method of microeconomics; Scarcity and Choice; Positive and normative economics;
Production possibility frontier, concepts of opportunity cost, rate of growth; Demand, Supply
and Market equilibrium; Market Failure: Public goods and externalities; types of externalities –
production and consumption externalities, asymmetric information and moral hazard: principal
agent problem.

Unit 2: Theory of Consumer Behaviour (5 weeks)

Elasticity: Price elasticity of demand, price elasticity of supply, cross elasticity and income
elasticity of demand; Preference; utility; budget constraint; Cardinal theory & Ordinal theory:
Budget sets and Preferences under different situations; Utility; Indifference curves: Consumer
equilibrium; utility maximization; Engels curve, Derivation of demand curve, Income and
substitution effects: Hicks and Slutsky equation; inferior, normal and Giffen goods Applications
of indifference curves to other economic problems; Revealed preference theory; revealed
preference: weak axiom, compensated law of demand; consumer surplus, equivalent variation
and compensating variation, WARP, SARP.

Unit 3: Choice under Uncertainty (2 weeks)

Choice under uncertainty – Comparative statics, utility function and expected utility, measures of
risk, risk aversion and risk preference; intertemporal choice: savings and borrowing; Duality in
consumption.

  Page  12  
Unit 4: Technology, Production and Cost (6 weeks)

Technology; isoquants; production functions with one and more variable inputs; returns to scale;
Law of variable proportion, total, average and marginal product, marginal rate of technical
substitution, iso-cost line and firm‘s equilibrium, elasticity of substitution; cost minimization;
expansion path, short run and long run costs; various cost curves in the short run and long run
and its relation; economies of scale; increasing and decreasing cost industries; envelope curve;
economies of scale. Prices as parameters: Firm equilibrium and profit; short and long-run supply
function; taxes and subsidies.

References

Essential

1. McConnell et al. (2021). Microeconomics. McGraw-Hill Education.

2. Varian, H.R. (2020). Intermediate Microeconomics: A modern approach. W. W. Norton.

3. Bernheim, B. and Whinston, M. (2009). Microeconomics. Tata McGraw- Hill.

Additional

1. Hall, Robert E. and Lieberman, Marc (2009). Microeconomics - Principles and Applications.
South Western Educational Publishing.

2. Snyder, C., Nicholson, W. (2010). Fundamentals of Microeconomics. Cengage Learning.

3. Pindyck, Robert, Rubinfeld, Daniel (2017). Microeconomics (Eighth Edition). Pearson

Teaching - Learning Process

3 Lectures and 1 tutorial each week.

Assignments, Term Paper, Presentations, Project, Classroom discussions

Assessment Method

Total Marks: 100

Practical: 0
Internal Assessment: 25 Marks

End Semester Exam: Duration: 3 Hours & Maximum Marks: 75

Keywords

Demand, Supply, Elasticity, Market failure, Externalities, Consumer Preference, Production, Cost

  Page  13  
 ANNEXURE-II

DSC - 2: Accounting for Managers

Course Objectives

The course imparts knowledge of accounting principles particularly in the context of the
preparation of financial statements and cost information of a business entity. The course concerns
analysis and interpretation of these statements and their applications to managerial decision-
making.

Learning Outcomes

· To understand the process of financial, cost and management accounting.

· To make a critical analysis of the financial statements of a business entity.

· To identify the steps for rational managerial decision making with respect to financial and
cost aspects of a business.

Course Structure

Unit 1: Financial Accounting (4 weeks)

Meaning of Financial Accounting, Functions and Limitations of Financial Accounting, Users of

Financial Accounting Information, Basis of Accounting: Cash and Accrual. Principles of Financial
Accounting (GAAP), Overview of International Financial Reporting Standards (IFRS) and Ind
AS.

Overview of Process of Financial Accounting: Journalizing, Ledger Posting and Preparation of

Trial Balance.

Preparation of final Accounts (with adjustments) of a Sole Proprietor: Trading and Profit and
Loss Account and Balance Sheet.

Understanding the Financial Statements of a Joint Stock Company: Format of Income Statement
and Position Statement as per revised schedule VI of Companies Act, 2013.

Unit 2: Analysis and Interpretation of Financial Statements (3 weeks)

Financial Statements: Meaning and types, importance and limitations of Financial Analysis
Techniques of Analysis: Cash Flow Statement (Indirect Method as per Revised AS 3):
Preparation, Utility and Limitations.

Ratio Analysis with emphasis on the purpose and interpretation of the ratios: Liquidity,
Turnover, Profitability and Solvency Ratios. Advantages and Limitations of Ratio Analysis.

Unit 3: Cost and Management Accounting (5 weeks)

Cost and Management Accounting: Meaning, Functions, Utility and Limitations, Financial
Accounting vs Cost Accounting, Financial Accounting vs Management Accounting, Tools of
Management Accounting, Methods of Costing, Techniques of Costing, Basic Cost Concepts,
Classification of Costs, Absorption Vs Marginal Costing.

  Page  14  
Unit Costing: Preparation of Cost Sheet and computation of profits.

Cost Volume Profit Analysis, Break-even Analysis, Margin of Safety.

Managerial Decisions involving Alternate Choices: fixing the selling price, exploring new
markets, make or buy decision, product/ sales mix decision (with and without key factor), shut
down or continue.

Unit 4: Planning and Control (3 weeks)

Meaning of Standard Costing, process of determination of Standard Costs.

Meaning of Budget and Budgetary Control, Benefits and Limitations of Budgetary Control,
Classification of Budgets, Preparation of Master Budget, Fixed and Flexible Budgets, Difference
between Standard and Budgeted Costs.

Variance Analysis: Cost Variances: problems related to Material and Labour Variances.

References:

Essential

1. Arora, M.N. Accounting For Management. Himalaya Publishing House

2. Lal, J. Accounting For Management. Himalaya Publishing House (P) Ltd.

3. Maheshwari, S.N. Accounting for Management. Vikas Publishing House.

4. Sahoo, B.P. Accounting for Managers. Wisdom Publications.

Additional

1. Gupta, R.L. Introductory Corporate Accounting. Sultan Chand & Sons.

2. Horngren, C.T., Sundem,G.L., Burgstahler, D. Schatzberg, J.O. Introduction to Management

Accounting. Pearson.

3. Monga, J.R. Financial Accounting Concepts and Applications. Mayur Paperbacks.

4. Monga, J.R. Basic Corporate Accounting. Mayur Paperback.

5. Rustagi, R.P. Fundamentals of Management Accounting. Taxmann.

6. Singh, S. Management Accounting. PHl Learning

7. Stice, J. & Stice, E.K. Financial Accounting Reporting and Analysis. Cengage Learning

Teaching - Learning Process

3 Lectures and 1 tutorial each week.

Emphasis on interpretation and applications of accounting methods and techniques for taking
managerial decisions. Assignments, Term Paper, Presentations, Project, Classroom discussions

Assessment Method

  Page  15  
Total Marks: 100

Practical: 0

Internal Assessment: 25

End Semester Exam: Duration: 3 Hours & Maximum Marks: 75

Key Words

Financial Accounting, Final Accounts, Management Accounting, Cost Accounting, Cost Sheet,
Cost Volume Profit Analysis, Variance Analysis.

  Page  16  
 ANNEXURE-III

DSC - 3: Mathematics for Business Economics - I

Course Objectives

The objective of this course is to provide instruction on basic mathematics that enables the study
of economic theory and business applications at the undergraduate level. This shall be required
for the teaching of the courses on microeconomic theory, macroeconomic theory, statistics, and
econometrics set out in this syllabus. This course introduces mathematical techniques that will be
new to most students through examples of their application to economic concepts. The economic
and business models are a means for illustrating the method of applying mathematical
techniques to economic theory and business applications in general. Mathematics has become the
language of modern analytical economics and it quantifies the relationship between economic
variables and among economic actors.

Learning Outcomes

· To build the mathematical base necessary for other courses and to understand the basic
functional forms used in economic analysis.

· To develop the mathematical knowledge required in business decision-making and to study

the mathematics in which economic theories are expressed.

· To make and refute arguments by developing mathematical understanding.

Course Structure

Unit 1: Introduction (2 weeks)

Algebra concepts, number systems, inequalities, mathematical logic, proof techniques; sets and
set operations; functions and their properties.

Unit 2: Univariate Analysis (7 weeks)

Curves and graphs; elementary functions: linear, quadratic, polynomial, power, exponential,
logarithmic; sequences and series: convergence, algebraic properties and applications;
Continuous functions: characterisations, properties with respect to various operations and
applications; Differentiable functions: characterisations, properties with respect to various
operations and applications; Second and higher order derivatives: properties and applications.
Geometric properties of functions: convex functions, their characterisations and applications;
local and global optima: geometric and calculus-based characterisations, and applications.

Unit 3: Linear Algebra (4 weeks)

Linear Algebra: Vector spaces: algebraic and geometric properties, scalar products, norms,
orthogonality; linear transformations: properties, matrix representations and elementary
operations; systems of linear equations: properties of their solution sets; determinants:
characterization, properties and applications. Eigenvalues and eigenvectors, diagonalization,
Spectral Theorem.

  Page  17  
Unit 4: Integration (2 weeks)

Integrals: indefinite and definite. Methods of integration. Economic applications.

Readings

Essential

1. Sydsaeter, K., Hammond, P. (2002). Mathematics for Economic Analysis. Pearson Education.

Additional
1. Chiang, Alpha C., and Wainwright, K.(2005). Fundamental Methods of Mathematical
Economics. Boston, Mass: McGraw-Hill/Irwin.

2. Hoy, Michael, Livernois John, McKenna Chris, Ray Rees, and Thanasis Stengos. (©2011)
Mathematics for Economics. Cambridge, Mass. : MIT Press

3. Lay, David C., Judi J. McDonald, Steven R. Lay.(2022). Linear Algebra and Its
Applications. Pearson.

Teaching - Learning Process

3 Lectures and 1 practical each week.

Assignments, Tests, Presentations, Classroom discussions.

Spreadsheet Software for logical and other functions. Problem solving.

Assessment Methods

Total Marks: 100

Practical: 25

Internal Assessment: 25 Marks

End Semester Exam: Duration: 3 Hours & Maximum Marks: 50

Key Words

Set theory, Univariate, Limits, Continuity, Optimisation, Calculus, Differentiation, Concavity,

Convexity, Optimisation, Spreadsheet

  Page  18  
 Annexure - IV

GEC ~ 1: Princples of Economics

Pre-Requisites: None
Course Objectives

This course aims to offer basic understanding of the prinCiples of economics. Specifically, this
course intends to expose the student to the basic principles and concepts in Microeconomics and
in Macroeconomics. In this course the students are introduced to the problern.of scarcity and
choice, demand and supply, elasticity, basic consumer theory, production and costs, definition,
measurement of the macroeconomic variables-- GDP, consumption, savings, investment, money
and credit etc.

Learning Outcome:
To understand the principles of economics of the modern economy.
To understand the consumer theory, production, arid costs etc.
To understand the basic principles of macroeconomics, national income accounting and
determination of GDP.
To understand the functioning of the money market.

Course Structure
Unit 1: Introduction (2 Weeks)
Problem of scarcity and choice: scarcity, choice and opportunity _cost; production possibility
frontier; economic systems.
Demand and supply: law of demand, determinants of demand, shifts of demand versus
movements along a demand curve, market demarid,law of supply, determinants of supply, shifts
of supply versus movements along a supply curve, market supply, market equilibrium.
Applications of demand and supply: price rationing, price floors, consumer surplus, producer
surplus. · .

Elasticity: price elasticity of demand, calculating elasticity, determinants of price ~lasticity, other
elasticities.
Unit 2: Consumer Theory (3 Weeks)
Budget constraint, concept of utility, diminishing marginal utility, Diamond-water paradox,
income and substitution effects; consumer choice: indifference curves, derivation of demand
curve from indifference curve and budget constraint.
Unit 3: Production and Costs (3 Weeks)
Production: behaviour of profit maximising firms, production process, production functions, law
of variable proportions, choice of technology, isoquant and isocost lines, cost minimizing
equilibrium condition.

Page 108
Costs: costs in the short run, costs in the long run, revenue and profit maximizations, minimizing
losses, short run industry supply curve, economies and diseconomies of scale, long run·
adjustments.
Unit 4: Introduction to Macroeconomics (1 Week}
What is macroeconomics? Macroeconomic issues-in an economy.
Unit 5: National Income Accounting (1 Week)
Concepts of GDP Aggregates and National Income; measurement of national income and related
aggregates; norrrinal and real income; GDP and welfare and the limitations of the GDP concept.
Unit 6: Determination of GDP (2Weeks)
Actual and potential GDP; aggregate expenditure; consumption function; investrrient function;
equilibrium GDP; concepts of MPS, APS, MPC, APC; autonomous expenditure; Concept of
multiplier.
Unit 7: Money and Credit (1 Weeks)
Money in a Modern Economy: Concept of money in a modern economy; monetary aggregates;
demand for money; quantity theory of money; liquidity preference and rate Of interest; money
supply and credit creation; monetary policy

References:
1. Case, K.E., Fair, R. C., and Oster, S. E. (2017). Principles of Economics (12th Ed.). Pearson.
2. Dornbusch, R., Fischer, S. and Startz. R. Macroeconomics (11th Edition). McGraw-Hill.
3. Mankiw, N.G. (2021). Principles of Economics, (9th Edition). Cengage Learning.

Teaching - Learning Process

Assessment Method
Total Marks: 100
Practical: 0
Internal Assessment: 25
End Semester Exam: Duration: 3 Hours & Maximum Marks: 75

Keywords
Principles of Economics, Scarcity, Consumer Theory, Production, Costs, Gross Domestic Product,
money and credit.

Page 109
 Annexure - V

Annexure-3

GEC-3

Legal Environment of Business

Pre requisites: None

Course Objective(s): The course intends to familiarize the student with the legal environment
which govern business for its efficient conduct and to apply them in real life situations. The
purpose is to widen their scope of knowledge by appreciating the different branches of law
covering some important legislations from Indian Contract Act, Companies Act, LLP Act,
Consumer Protection Act, Sale of Goods Act and IT Act including the relevant cases and
amendments.

Learning Outcomes:

The students will be able:

To understand the basic rules and provisions of Contract and Agreements.

To know the provisions to Formation and functiOning of company and LLP.

To understand the significance and role of law of sale of goods act
To have in- depth knowledge of Information Technology Act And legal framework of right to
Privacy, Data Security and Data Protection.
Apply the law correctly to different facts and in different contexts

Unit 1: Indian Contract Act (4 weeks)

Meaning and Essentials of a Contract; Valid, Void and Voidable Contract; Offer and Acceptance;
Consideration; Capacity of Parties; Free Consent; DisCharge of Contract and Remedies for Breach
of a Contract.
Unit 2: Companies Act (4weeks) ·

Meaning and Nature of Company; Promotion and Incorporation of a Company; Memorandum of

Association; Articles of Association; Misleading Prospectus and remedies available to the parties;
Board of Directors and their qualification, duties, powers. Company Meetings and Resolutions.
Unit 3: Sale of Goods Act and Consumer Protection Act (4 weeks)
Essentials of a Contract of Sale; Sale and Agreement to Sell, Conditions and Warranties; Transfer
·of Title by Non-Owners; Doctrine of Caveat Emptor; Rights of Unpaid Seller. Consumer
Protection Act 2009: Scope and Applicability of the Act. Rights of consumer. Procedure for
complaints. Duties. and power of Central Consumer Protection Authority.

Unit 4: Limited Liability Partnership Act and IT Act (3 weeks)

Page 112
Meaning and nature of LLP; LLP and Company; LLP Agreement, Partners and Designated
Partners, Incorporation of LLP; Partners and their Relations, Extent and limitation of liability of
LLP. Information Teclmology Act 2000 Concept and role; Digital signature, Electronic
governance, AttributiOn, Acknowledgement- and dispatch of electronic records, Regulation of
certifying. authorities, D~gital signatures certificates, Duties of subscribers, Penalties and
adjudication, Appellate Tribunal, Offences.

Essential References:
1. Bansal, V & Arora, A. Corporate Laws. Vikas Publishing, House (P) Ltd. New Delhi.
2. Kuchhal M.C & Vivek K. Business Legislation for Management. VIKAS Publishing House (P)
Ltd.
3. Kumar, A. Corporate Laws. International Book House (P) Ltd.
4. Bare Acts relating to the laws.
Additional References
1. Chadha, R,. Chadha, S. Corporate Laws. Mayur Paperbacks. New Delhi.
2. Maheshwari & Maheshwari. Business Law. National Publishing House. New Delhi.
3. Singh, Avtar. The Principles of Mercantile Law. Eastern Book Company. Lucknow.
4. Tulsian, P.C. Business Law, Tata McGraw Hill. New Delhi

Teaching- Learning Process:

3 lectures and One Tutorial class per week. Classroom teaching with interactive discussion of
relevant case lawS to enable student to have better understanding of legal text and to prepare
thein to present legal arguments in the cases of real life situations.

Assessment Methods:
Total Marks 100
Practical NA
Internal Assessment 25
End semester exam: Duration:3 Hours Marks: 75

Key Words: Contract, LLP, Goods, Company, Information technology, Consumer, Digital
signature.

Page 113
 Annexure - VI

Annexure-5

GEC- 5: Quantitative Techniques in Management

Course Objectives
To apprise students with the construction o~ mathematical models for managerial decision
making. The emphasis is on understanding the concepts, formulation and interpretation of linear
programming methods and its application in diverse problems. An introduction to game theory
and network analysis forms part of the course.

Learning Outcomes

Identify and develop operational research models from the verbal description of the real
system.

Understand the mathematical tools that are needed to solve optimization problems.

Develop critical thinking and use PERT and CPM techniques to improve decision
making.

Course Structure

Unit 1: Introduction- Operations Research, Linear Programming (5 weeks)

(i) Introduction to Operations Research, characteristics, Phases, Methodology, Applications and

scope

(ii) Formulation of Linear Programming problems, Graphical Solutions (Special cases; Multiple
optimal solution, infeasibility, unbounded solution); Simplex Method, Special cases, Big-M
method and Two-phase method; Duality (emphasis on formulation & economic interp'retation);
.Sensitivity Analysis. (Excel Solver application)
Unit 2: Transportation and Assignment Pr9blem (4 weeks)
(i) Transportation Problem: Formulation, Solution by N.W. Corner Rule, Least Cost method,
Vogel's Approximation Method (VAM), Modified Distribution Method; Special cases: Multiple·
Solutions, Maximization case, unbalanced case, prohi_bited routes.

(ii) Assignment Problem: Hungarian Method, Special cases: Multiple Solutions, Maximization
case, Unbalanced case, Restrictions on assignment.

Unit 3: Network Analysis (3 weeks)

Basic Concept, Construction of the Network diagram, ~ritical Path Analysis, float and slack
analysis (Total float, free float, independent float), probability consideration in PERT (Interface
with Project Management open-source software)
Unit 4: Decision Theory: (3 weeks)
(i) Decision making environment, Construction of Pay off Table, Opportunity Loss Table,
Decision under uncertainty. Decision under Conflict: Game Theory, Two-person Zero-Sum
games, Maximin Minimax Principle, Games without Saddle point- Mixed strategy, Dominance
Rule.

Page 116
References:
1. Vohra, N.D., Quantitative Techniques in Management (5th ed.). Tala McGraw Hill
2. Swarup, K., Gupta, P.K. and Mohan, Man, Introduction to Management Science Operations
Research (19th ed.). Sultan Chand & Sons.
3. Sharma, J.K., Operations Research: Theory and Applications (6th ed} Trinity.
4. Taha, H. A., Operations Research: An Introduction (9th ed.). Pearson.

Teaching- Learning Process

Three lectures and one tutorial class per week. Lectures devoted to teaching the theory of
operations research and solving of numerical problems.

Assessment Method
Total Assessment Marks: 100
Practical exam: 0 marks
Internal Assessment: 25 marks
End semester exam 75 marks

Keywords
Linear programming, simplex method, duality, transportation problem, assignment problem,
network analysis, PERT, CPM, decision making, game theory

Page 117
 Annexure - VII

Annexure-7

GEC - 7 Economics of Startups

Pre-requisites: None
Course Objective:

To give the students an overview of startups and its types that would help students to
understand basics of starting up new ventures. The challenges they .could face while starting up
with new business. To enable students to explore, launch entrepreneurial ventures in their own
areas of interest.

Learning Outcomes

After successful compilation of the course students will be able to

Understand the process and working of a startup.

Identify the different ways in which entrepreneurs manifest in start-ups.

Know how to create one's own business venture and the various factors that influence
successful set-up and sustainable operations.

Explore the funding and other institutions supporting small business units.

Course Structure

Unit 1: Startup, Generation &-Experimentation (3 weeks)

Concept of Startup, Role of digital technologies, Startup ecosystems, the startup movement in
India; Generating a value propositio.n, how valuable are new ideas, Design thinking principles;
Experimenting with the prototype, IntrOduction to lean start-ups, Lean startup principles,
Learning and failing fast.

Unit 2: Building the Business Plan (5 weeks)

Beginning Considerations: Building a competitive advantage. The strategic management
processes. Conducting a feasibility analysis. FormS of Business ownership. Franchising and
entrepreneurship. Buying an existing business, marketing and financial considerations: Building
a powerful marketing plan. E-commerce and Entrepreneur. Pricing strategies. Creating a
successful financial plan. Choosing the right location and layout.

Unit 3: Crafting business models and Lean Start-ups: (4 weeks)

Introduction to business models; Creating value propositions-conventional industry logic, value

innovation logic; customer focused innovation; building and analysing business models; Business
model canvas, Business Pitching.
Unit 4. Institutions Supporting Small Business Enterprises and ethics: (3 weeks)

Central level institutions. State level institutions. Other agencies. Industry Associations. Class
exercise- discussions on current government schemes supporting entrepreneurship and finding

Page 121
out which scheme will most suit the business plan devised by the student. Importance of Ethical
Entrepreneurship, value of ethics to an entrepreneur.

References:
1. Scarboro11gh, N. M., Cornwall,). R., & Zimmerer, T. (2016). Essentials of entrepreneurship
and small business management. Boston. Pearson Publications.
2. Hisrich, R.D., Manimala, M.j., Peters, M.P., Shepherd, D.A., Entrepreneurship, Tala
McGraw Hill.
3. Shukla, M.B., Entrepreneurship and Small Business Management. Kitab Mahal Publishers.
Additional Readings
1. Hishrich, R.D. and Peters, M. Entrepreneurship. Irwin Publications.
2. Barringer, B.R. and Ireland, R. Duane. Entrepreneurship: Successfully launching new
ventures. (6th Edition) Pearson
3. Kuratko, D.F., and Rao, T.V., Entrepreneurship: A South-Asian Perspective. Cengage
Publications.
4. Shankar, R., Entrepreneurship: Theory and Practice: Tala McGraw Hill.
5. Kathleen, R Allen. Launching New Ventures: An Entrepreneurial Approach. Cengage
Learning.

6. Fisher, Steve and Duane, Ja-Nae. The Startup Equation- A Visual Guidebook for Building
Your Startup. Me Graw Hill Education India Pvt. Ltd.

Teaching- Learning Process

Three lecture and one tutorial per week. Case study discus~ion, ClasS presentation on the
assigned topic by students individually or in group, Workshop, Role play.
Class exercise- select an industry that has several competing small firms in your area. Contact
these firms and compare their approaches to determining prices, financial plan and location.
Based on this analysis build your" own" business plan
Assessment Method
Total Marks - 100
Practical - 0
lA -25

End semester exam - 75

Keywords
Entrepreneurship process, Start-up Idea, Entrepreneurial Venture, Business Incubators

Page 122
 Annexure - VIII

Anneuxre-9

GEC - 9 International Economics

Pre-requisites: Basic courses in Microeconomics and Macroeconomics

Course Objectives
This course aims at inculcating basic understanding of fundamentals of international economics.
It will enable students to identify basis and gain from International trade with the help of
different theoretical models and their applicatiop.s to real world chailenges and its solutions

Learning Outcomes :

• To understand basic concept and origin of International economics through the prism of
classical and new classical trade theories

• To understand different terms of trade and their applicability

• To differentiate between Modem and Oassical Trade theories.
• To gain knowledge about the foreign exchange markets and its working
• To learn about global capital market

Course Contents:

Unit 1: Introduction to International Trade [4 Weeks]

Globalization and its growing importance in t!te world economy; Impact of globalization;
International business contrasted with domestic businesses; Cost and benefit ru::aalysis of tariff,
Effective rate of pro~ection and welfare a,rguments of tariff and developing countries. Foreign
direct Investment (FDI) in world economy: Trends, Direction, and flow of FDI; Theories of FDI;
Political ideology and FDI.

Unit 2: International Trade Theory [5 Weeks]

World Trade: An overview; Theories of international trade- Mercantilism; Absolute advantage
theory, Comparative advantage theory, Factory proportion theory and Leontief paradox, Product
life cycle theory, New trade theory, National competitive advantage: Porter's diamond.
, International Business Environment: Economic, Demographic, Cultural and Political-legal
envirorunent.

Unit 3: Balance of Payment (BoP) [2 Weeks]

Balance of Payment : Meaning, Compone~ts (Current, Capital and Official reserve), Reasons for
disequilibrium in BoP, Measures to correct disequilibrium, Understanding India's BoP and
comparing it with markets like USA and China.

Page 125
Unit 4: Foreign Exchange and Global Capital Market [4 Weeks]
Exchange Rate Determination: Currency Demand and Supply Curves, Factors Affecting
Exchange Rate, Global Capital Market: Introduction, Benefits of global capital market, Growth of
global capital market, Global capital market risk, Eurocurrency market, Global bond market,
Global equity market, Exchange rate risk, Managing exchange rate risk, Methods of Financing
International Trade.

References:

1. Hill, C. (2021). International business: Competing in the global market place (13th
Edition). Strategic Direction.
2. Krugman, P.R., & Obstfeld, M. (2009). International economics: Theory and policy.
Pearson Education.

3. Levi, M.D. (2009). International Finance (5th Edition), Taylor and Francis Ltd.
4. Madura,). (2020). International financial management. Cengage Learning.

Teaching-Learning
Three lecture and one tutorial class per week. Classroom teaching with assignment, tests,
presentation.

Assessment Method
Total Marks: 100
Practical: 0

IA:25
End semester exam: 75

Keywords

International Trade, Exchange rate, FDI, Balance of Payment.

Page 126
 Annexure - IX

Annexure-11

GEC-11: Economic Policy Framework

Pre~Requisites: None

Course Objectives

This course will help. students to understand the importa~ce of'macroeconornic policies. Each
section is complemented with contemporary issues in the Sphere of these policies.

Learning Outcome:

To learn the basic concept of macroeconomics

To understand how different parameters of macroeconomics work under Indian economy.

To understand how monetary and fiscal policy works.

To know different exchange rate regimes.

Unit 1: Meaning and objectives. of economic policy (1 week)

Tools and goals (objectives and instruments of policy) Circular flow of income (start with a two
sector model and go up to a five sector model); National Income aggregates and the related
concepts of national income; input-output table to calculate national income using the income,
expenditure and the value added methods.
Unit 2: Fiscal policy (2 weeks)
Objectives and meaning; effect of fiscal policy- role of tax policy (T) and government expenditure
(G), Aggregate Demand, Meaning of the multiplier. Government expenditure multiplier and
balanced budget multiplier Budget -meaning and purpose -example of India's latest Budget
(and various heads). Meaning of fiscal, revenue-and primary deficits.

Unit 3: Monetary policy (3 weeks)

Meaning and objectives; money and credit -credit creation and instruments of credit control;
Inflation targeting, Banking in India - structure, recent developments; issues of NPAs and how to
resolve it.

Unit 4: Exchange rate policy (3 weeks)

Structu~e of BOP; meaning of current account deficit and trade deficit; exchange rate definition
(real and nominal); fixed vs flexible exchange rate, efficacy of fiscal/ monetary policy under fixed
and flexible exchange rate, effect of a change in exchange rate on the current account (imports
and exports); structure of capital account and role of capital outflows and inflows.

References:

1. Gupta G.S (2016), Macroeconomics- Theory and Applications (4th edition). McGraw Hill,

Page 129
2. Shapiro, Edward (1982), Macroeconomic Theory, 5th edition
3. Mankiw, Gregory N. (2010), Macroeconomics (7th edition), Worth Publishers.
4. Sikdar, Soumyen (2011), Principles of Macroeconomics, Oxford University Press
5. Krugman, P.R., Obstfeld, M. and Melitz, M. (2015). International Economics: Theory and
Policy, Pearson Education Limited.

6. Dua, P. (2020). Monetary Policy Framework in India, Indian Economic Review, 55(1), June
2020, pp. 117-154.
9. http://www.inclusivejournal.in/ about.html.
10. Sengupta, R. and Vardhan, H., Non-Performing Assets in Indian Banks, Economic and
Political Weekly, 52(12) March 25, 2017, Money, Banking and Finance Special.
11. Economic Survey, India, latest issue
12. Union Budget Statement, India, Latest issue

Additional References:

1. Abel, Andrew, Bernanke, Ben and Croushore, Dean (2011). Macroeconomics (7th edition).
Pearson

2. Ghate, C., & Kletzer, K. M. (eds.) (2016). Monetary policy in India: A modern
macroeconomic perspective. Springer.

3. Kaul, Vivek (2020) Bad Money: Inside the NPA Mess and how it threatens the Indian
Banking System, Harper Collins Publisher India.
4. Chhibber, A jay and Anees, Salman Soz (2021) India's Financial Sector: A Whodunnit: In
Unshackling India. Haper Collins Publishers India.

Teaching- Learning Process

The teaehing learning process has internal assessment based on performance of students in class
tests, projects including group activity based projects as well as external end semester
assessment.
Assessment Method

Total Marks: 100

Practical: 0
Internal Assessment: 25
End Semester Exam: Duration: 3 Hours & Maximum Marks: 75

Keywords
circular flow of income, national income aggregates, fiscal policy, monetary policy, exchange rate
policy.

Page 130
6.1 List of Courses

DISCIPLINE SPECIFIC CORE COURSES

Code Semester Course Name Credits Instruction Evaluation

DSC-1 I Microeconomics - I 4 3L+1T Theory: 75 + lA: 25

DSC-2 I Accounting for Managers 4 3L+1T Theory: 75 + lA: 25

Mathematics for Business Theory: 50 + Prac: 25 +

DSC-3 I 4 3L+1P
Economics - I lA: 25

DSC-4 II Macroeconomics - I· 4 3L+ 1T Theory: 75 + lA: 25

Financial Institutions and

DSC-5 II 4 3L+ 1T Theory: 75 + lA: 25
Markets

Statistics for Business Theory: 50 + Prac: 25 +

DSC-6 II 4 3L+1P
Economics - I IA:25

DSC-7 III Microeconomics - II 4 3L+ 1T Theory: 75 + lA: 25

Mathematics for Business

DSC-8 III 4 3L+ 1T Theory: 75 + lA: 25
Economics -II

DSC-9 III Corporate Finance 4 3L+lT Theory: 75 + lA: 25

DSC-10 IV Macroeconomics - II 4 3L+ 1T Theory: 75 + lA: 25

Statistics for Business Theory: 50 + Prac: 25 +

DSC -11 IV 4 3L+ 1P
Economics - II IA:25

DSC-12 IV Marketing Management 4 3L+1T Theory: 75 + lA: 25

Theory: 50 + Prac: 25 +
DSC-13 v Basic Econometrics· 4 3L+ 1P
IA:25

DSC-14 v Organisational Behaviour 4 3L+1T Theory: 75 + lA: 25

DSC-15 v Industrial Economics 4 3L+ 1T Theory: 75 + lA: 25

Theory: 50 + Prac: 25 +
DSC-16 VI Operations Research 4 2L+2P
IA:25

DSC-17 VI Legal Aspects of Business 4 3L+ 1T Theory: 75 + lA: 25

DSC-18 VI Environmental Economics 4 3L+ 1T Theory: 75 + lA: 25 ·

Theory: 50 + Prac: 25 +
DSC -19 VII Data Science 4 2L+2P
IA:25

Theory: 50 + Prac: 25 +
DSC-20 VIII Time Series Econometrics 4 3L+ 1P
IA:25

Page 6
DISCIPLINE SPECIFIC ELECTIVE COURSES

Code Semester Course Name Credits Instruction Evaluation

Security Amilysis and Portfoiio

DSE-1 Odd 4 3L+1T Theory: 75 + lA: 25
Management

DSE-3 Odd Behavioural Finance 4 3L+1T Theory: 75 + lA: 25

DSE-5 Odd Topics in Microeconomics 4 3L+1T Theory: 75 + !A: 25

DSE-7 Odd Monetary Economics 4 3L+1T Theory: 75 + lA: 25

DSE-9 Odd International Economics 4 3L+1T Theory: 75 + !A: 25

DSE-11 Odd Development Economics 4 3L+1T Theory: 75 + lA: 25

DSE -13 Odd Consumer Behaviour 4 3L+1T Theory: 75 + lA: 25

DSE -15 Odd Brand Management 4 3L+1T Theory: 75 + lA: 25

DSE -17 Odd Income Tax Law and Practice 4 3L+1T Theory: 75 + lA: 25

DSE -19 Odd Entrepreneurship 4 3L+1T Theory: 75 + lA: 25

DSE -21 Odd Business Valuation 4 3L+1T Theory: 75 + lA: 25

Theory: 50 + Prac: 25 .
DSE- 23 Odd Applied Econometrics 4 3L+1P
+ lA: 25

International Financial
DSE-2 Even 4 3L+1T Theory: 75 + !A: 25
Management
.

DSE-4 Even Financial Risk Management 4 3L+1T Theory: 75 + lA: 25

DSE-6 Even Topics in Macroeconomics 4 3L+1T Theory: 75 + !A: 25

DSE-8 Even Pub]jc Finance 4. 3L+1T Theory: 75 + lA: 25

DSE-10 Even B~havioural Economics 4 3L+1T Theory: 75 + lA: 25

DSE -12 Even Indian Economy 4 3L+1T Theory: 75 + !A: 25

Theory: 50 + Prac: 25
DSE -14 Even Marketing Analytics 4 3L+1P
+ lA: 25

DSE -16 Even Advertising Management 4 3L+1T Theory: 75 + lA: 25

DSE -18 Even Business Tax Planning 4 3L+1T Theory: 75 + lA: 25

DSE- 20 Even Strategic Management 4 3L+1T Theory: 75 + lA: 25

Theory: 50 + Prac: 25
DSE- 22 Even Research Methodology 4 2L+2P
+ lA: 25

Page 7
6.2. List of Courses for· students enrolled in other Honours programs

GENERIC ELECTIVE COURSES

Code Semester Course Name Credits Instruction Evaluation

GEC-1 Odd Principles of Economics 4 3L+1T Theory: 75 + lA: 25

GEC-2 Even Introduction to Digital Marketing 4 3L+1T Theory: 75 + lA: 25

GEC-3 Odd Legal Environment of Business 4 3L+1T Theory: 75 + lA: 25

Theory: 50 + Prac: 25
GEC-4 Even Statistics for Business 4 3L+1P
+ lA: 25

GEC-5 Odd Quantitative Techniques in Management 4 3L+1T Theory: 75 + lA: 25

GEC-6 Even Introduction to Finance 4 3L+1T Theory: 75 + lA: 25

GEC-7 Odd Economics of Startups 4 3L+1T Theory: 75 + lA: 25

Environmental Economics and Climate

GEC-8 Even 4 3L+lT Theory: 75 + lA: 25
Change

GEC-9 Odd International Economics 4 3L+1T Theory: 75 + lA: 25

GEC-10 Even indian Financial System 4 3L+1T Theory: 75 + lA: 25 .

GEC-11 Odd Economic Policy Framework 4 3L+1T Theory: 75 + lA: 25

Theory: 50 + Prac: 25
GEC-12 Even Basic Econometrics 4 3L+1P
+ lA: 25

Page 8
6.3 Skill Outcome/Competency Mapping of Courses

DISCIPLINE SPECIFIC CORE COURSES

Microeconomics - 1

Accounting for Managers

Mathematics for Business

Economics-I

Macroeconomics - 1

Financial Institutions and Markets ..r

Statistics for Business Economics- ,.r
I
.
Micro Economics -II

Mathematics for Business

Economics - II . ,
Corporate Finance
Macroeconomics - II .;-

Statistics for BusineSs Economics- .1'

II

Marketing Management
Basic Econometrics

Organisational Behaviour
Industrial Economics

Applied Econometrics

Legal Aspects of Business

Environmental Economics

Data Science

Operations Research

Page 9
DISCIPLINE SPECIFIC ELECTIVE COURSES
.

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Security Analysis and Portfolio
" " "
Management " "
Behavioural Finance
" " "
Ta pies in Microeconomics
" " "
Monetary Economics
" " "
International Economics
" " "
Development Economics
" " "
Consumer Behaviour
. " " " " " "
Brand Management
" " " " " " "
Income Tax Law and Practice
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Entrepreneurship
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Business Valuation
" " " "
Times Series Econometrics
" " " " " " "
International Financial
Management
" " " " "
Financial Risk Management
" " " " " " "
Topics iil Macroeconomics
" " " "
Public Finance
" " " "
Behavioural Economics
" "
Indian Economy
. " " " " "
Marketing Analytics
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Advertising Management
" " " "
Business Tax Planning
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Strategic Management .
" " "
Research Methodology
" " " " " " " "

Page 10
6.4 Course-wise Syllabi and related details

6.4.1 Dlsdpline Spedfic Core (DSC)

Code Course Name Page

DSC-1 Microeconomics - I 12

DSC-2 Accounting for Managers 14

DSC-3 Mathematics for Business Economics - I 17

DSC-4 Macroeconomics - I 19

DSC-5 Financial Institutions and Markets 21

DSC-6 Statistics for Business Economics - I 24

DSC-7 Microeconomics - II 26
.

DSC-8 Mathematics for Business Economics - II 28

DSC-9 Corporate Finance 30

.

DSC -10 Macroeconomics - II 32

DSC -11 Statistics for Business Economics -II 35

DSC -12 Marketing Management 37

DSC -13 Basic Econometrics 39

DSC-14 Organisational Behaviour 41

.

DSC -15 Industrial Economics 43

.

DSC-16 Operations Research 45

DSC -17 Legal Aspects of Business 47

DSC -18 Environmental Economics 50

DSC -19 Data Science 52

DSC- 20 Time Series Econometrics 54

Page 11