faculty of commerce economics - saurashtra … economic… · faculty of commerce economics...

SAURASHTRA UNIVERSITY

RE-ACCREDITED GRADE " B" BY NAAC (CGPA 2.93)

RAJKOT

FACULTY OF COMMERCE ECONOMICS

(SEMESTER 1 TO 6)

SAURASHTRA UNIVERSITY RAJKOT 380005 GUJARAT

WEBSITE:saurashtrauniversity.edu

2014

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Saurashtra University RAJKOT

(Re-Accredited Grade B by NAAC CGPA 2.93)

Faculty of Commerce Syllabus

For Bachelor of Commerce(B.Com)

Choice Based Credit System [ECONOMICS Semester 1 to 6]

Effective From June-2014 (F.Y.B.Com to T.Y.B.Com)

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-:: Saurashtra University ::-

F.Y.B.Com. 1. Proposed Subject in CBCS (Semester) for B.Com. Degree Semester-1 Core-1 Business Economics-1 Semester-2 Core-1 Business Economics-2 2. Semester-1 Core & Allied-1 Fundamentals of Enterpreniorship-1 Semester-2 Core & Allied-2 Fundamentals of Enterpreniorship-2 3. Semester-1 Elective-1 Public Finance-1 Semester-2 Elective-1 Public Finance-2 4. Semester-1 Elective-1 Public Administration-1 Semester-2 Elective-1 Public Administration-1

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F.Y.B.Com. Semester-l Core-1 Subject-1 Business Economics-1

Objective- To familiar the students with various macro and micro economics concepts and their application in the decision-making

Unit Content No.of Lectures I Business Economics:

Definition,nature and scope, business Economics and economics theories.Types of Business Decisions 10

II Basic Concepts of Business Economics Incremental concept Concept of Equip-Marginal Discounting principle Utility of above concepts in decision making 10 ----------------------------------------------------------------------------III Concept of Price Elasticity

Definition, Factors, Importance, Average Revenue, Marginal Revenue and Price elasticity, income elasticity, cross elasticity, Advertising elasticity, Determining factors of demand,use of concept of elasticity in business decision 10

-----------------------------------------------------------------------------IV Production Function Nature,Types,Laws of production, increasing,

Diminishing and constant return, optimum input, combination, iso quant 10

----------------------------------------------------------------------------- V Production cost analysis

Significance of production cost analysis,inter-relation of cost output with reference to time prospective,use of cost analysis in business decisions. 10

----------------------------------------------------------------------------- Total-45 References: Samuleson,Paul A.& Nordhaaus,Economics K.E.Boulding-A Reconsthuction of Economics J.R.Hicks value and capital Lionel Robbins-The nature & significance of

Economics science - P.L.Mehta-Managerial Economics - varshney Maheswari-Managerial Economics

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F.Y.B.Com. Semester-ll Core-1 Subject-1 Business Economics-ll Objective- To familiar the students with various macro

and micro economics concepts and their application in the decision-making

Unit Content No.of Lectures I Prising analysis: I

- Equilibrium and pricing of firm and group in short run and long run under perfect competition.

- Monopoly-types,equilibrium and pricing of firm mulitiplan monopoly pricing and equilibrium of firm during different time perspective 09

---------------------------------------------------------------------------- II Prising analysis: I I

- Price discrimination,types,conditions/possibility,evaluation of price discrimination

- Monopolistic competition,equilibrium and pricing of firm and group during short and long period under monopolistic competition,excess capacity,evisl 09

----------------------------------------------------------------------------III Prising analysis: III

- Selling costs-nature,inter-relationship of production cost and selling cost,effect of selling cost on demand curve.

- Oligopoly-definition,features,kinked demand curve and price rigidity 09

-----------------------------------------------------------------------------IV Distribution of National Income: I

- Mariginal productivity theory of national income - Modern theory of rent-quasi rent - Wage-monetary and real wage,factors affecting real wage 09

----------------------------------------------------------------------------- V Distribution of National Income: II

- Interest-meaning,definition,gross & net interest,facors affecting interest

- Profit,Nature,Principles of profit,risk,uncertainty,Innovation 09 ----------------------------------------------------------------------------- Total-45 References: Environment and enterpreneurs B.C.Tandor A Practical guide of industrial enterpreneurs Dr.D.M.Mithani,Micro Economics,Himalaya Publishing House Dr.D.M Mithani,Managerial Economics-Theory and Applications,Himalaya Publishing House P.L.Mehta Managerial Economics

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Modified Syllabus of B.Com.Sem-1 Fundamental of Entrepreneurship-1(C.B.C.S.) Saurashtra University,

Implemented June-2013 Core & Allied-1 No.of Lectures Module-1: Introduction –Meaning,definitions and features of enterpreneur-Basic functions with reference to leadership- Innovation-Risk-Bearing 09 Module-2: Emergence of Entrepreneurial class origin and progress of entrepreneur in India problems of inadequate growth causes and remedial suggestions 09 Module-3: Principles of Enterpreneurship’s behavior-concept of innovation-achievement motivation-imbalance creating propensity 09 Module-4: Enterpreneurship:Meaning and definitions of Enterpreneurship features & factors of Enterpreneurship 09 Module-5: Theories of Enterpreneurship –Economic and Psychological theories 09 Module-6: Social responsibilities and Accountability Towards various group of society 09

Total:45 Fundamental of Entrepreneurship-1 SEM 1. Enterpreneurship-Hisrich & Peters

2. Enterpreneurship Megabucks-Siner A David.

3. Enterpreneurship-New Venture Creation-Holt

4. Venture Capital-The Indian Experiences-J.M.Pandey

5. Project Preparation,Appraisal and Implementation

P.Chandra

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Modified Syllabus of B.Com.Sem-2 Fundamental of Entrepreneurship-2(C.B.C.S.) Saurashtra University,

Implemented June-2013 Core & Allied-1 No.of Lectures Module-1: Localization of Industrial Enterprise-Various aspects for localization of industrial unit and responsibilities of an enterpreneur-Analysis of industrial oppurtunities-selection and importance of localization-factors of localization 05 Module-2: Environment aspects regarding business and industry-Economic and Technological competitive environment analysis 10 Module-3: Establishment of New Industrial Unit-Procedure-Importance& Necessities for new industrial unit-venture capital and seed capital 10 Module-4: Contribution of Entrepreneurs-export promotion,creation employment & role of enterpreneurs on economic development-Regional balance and Social stability 10 Module-5: Entrepreneurship Development Programme(EDPs’) in India-objectives and need of EDP’s- Entrepreneurship development in Gujarat-Women Entrepreneurship in India-need and progress. 10

Total:45

Fundamental of Entrepreneurship-1 SEM 1. Enterpreneurship-Hisrich & Peters

2. Enterpreneurship Megabucks-Siner A David.

3. Enterpreneurship-New Venture Creation-Holt

4. Venture Capital-The Indian Experiences-J.M.Pandey

5. Project Preparation,Appraisal and Implementation

P.Chandra

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Semester-1 Elective-1 F.Y.B.Com

Public Finance:-

Objective: To aware the students about the public finance concepts and applications. Unit Content No of

Lectures I The role and size of the Public Sector

Economic Rationale for Public Sector Interventions Market Efficiency and Market Failure,Distributional Concerns

10

II The Nature and Magnitude of Public Sector Interventions: Defining the Responsibilities and Measuring the size of the Public Sector Understanding a Nation’s Fiscal Architecture Building Appropriate Revenue and Expenditure Systems

10

III Public Expanditure-I Public Goods and Private Goods Public choice in Determining the level of Public Expenditure

05

IV Public Expenditure Policy-I Public Sector Production and Provision.Government Failure and Private Sector Participation/Public-Private Partnerships in Production and Provision

10

V Public Expenditure Policy III Government Social protection Policies Assessment of Public Sector Expenditure Efficiency and Effectiveness

10

TOTAL 45

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Public Finance:-

Objective: Aware the students of public finance concepts Unit Content No of

Lectures I Public Resource Mobilization I

Economics of Taxation Taxation of Income and Wealth Taxation of Consumption and Trade

10

II Public Resource Mobilization II Taxation and Environment,Taxation and Natural Resources,Tax Incentives,Compliance and Enforcement

10

III Intergovernmental Fiscal Relations and Local Government Finance.

05

IV Fiscal Federalism and Fiscal Decentralization Resource Transfers Local Government Debt Financing

10

V Public Finance policy of India 10 TOTAL 45

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Public Administration-1

Objective: To impart the Public Administration Skills Unit Content No of

Lectures I Introduction:- Meaning,Nature,Scope & Importance

of Public Administration State and Evolution of Public Administration Relationships with other Social Sciences:with special reference to Political Science, Economics, Sociology, Psychology, Politics & Administration Dichotomy-Woodrow Wilson anf F.J.Goodknow

10

II Theories & Approaches I :- Classical Approach:Henry Fayol,Gulick and Urwick Scientific Management Approach:Taylor Bureaucratic Approach:Max Weber and Karl Marx.

10

III Theories and Approaches II :- Human Relations Approach-Elton Mayo Behavioral Approach:Herbert Simon Socio-Psychological Approach:Hierachy of Needs Abraham Maslow; Theory X & Theory Y : Douglas Mc Gregor Ecological Approach:Riggs

10

IV Concepts & Principles of Public Administration :- Administrative Planning Leadership & Supervision Communication & Public Relations

05

V Emerging Trends:- New Public Administration:Minnow Brook I & II Public Administration and Public Policy,New Public Management Governance Public Administration in the context of Globalization ,Privatization and Liberalization Post Modern Public Administration

10

TOTAL 45

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Public Administration-2 Objective: To impart the Administrative Skills Unit Content No of

Lectures I Evolution of Indian Administration-Ancient Medieval &

British Periods-Continuity & Change in Indian Administration after Independence Context of Indian Administration-Social,Economic & Political

05

II Central Administration :- Union Government & Administration-President, Prime Minister,Council of Ministers,Central Secretariat,Cabinet Secretariat,Cabinet Committees & Prime Minister Office.Union & State Relations & Agencies Administrative Relations-Inter State Council.Finance Commission,All India Services,Planning Commission,National Development Council Public Enterprises in India:a) Forms of Public Enterprises:b) Privatizations & dis-Investment.

10

III State& District Administration:- State Government & Administration:Governer,Chief Minister,Council of Ministers,Secretariat & Directorates,General Administration Department & Chief Secretary District Administration-Changing role of Distrct Collector,Mandal & Villege Administration in Gujarat.Local Governments-Rural & Urban-Structure and Functions-73rd and 74th Constitutional amendments

10

IV Administrative Accountability :- Control over Administration:Legislative & Juducial Control Lokpal,Lokayukta&Central Vigilance Commission.Consumer Protection Forums.Right to Information Act(RTI) National & State Human Rights Commissions Administration of Welfare Programmes for Weaker Sections-SCs,Sts,BCs Women & Minorities

10

V Emerging Issues:- Administrative Reforms,Recommendations of important omissions & Second ARC.Mechanisms for Disaster Management.Governance & E-Governance Applications in Indian Administration.Public Private Partnerships & Voluntary Sector

10

TOTAL 45

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Saurashtra University RAJKOT

Proposed Subjects in CBCS(Semester) For

S.Y.B.Com ECONOMICS-2014

Semester-3

MONETARY ECONOMICS & FINANCIAL SYSTEM-1(Compulsary)

Semester-3 PUBLIC FINANCE

Semester-3 ECONOMIC PLANNING & PUBLIC ADMINISTRATION-1

Elective

Semester-4 MONETARY ECONOMICS & FINANCIAL SYSTEM-2(Compulsary)

Semester-4

PUBLIC FINANCE-1

Semester-4 ECONOMIC PLANNING & PUBLIC ADMINISTRATION-2

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S.Y.B.Com. Semester-3 Core 5 : Monetary Economics & Financial System-1 Objectives- This Syllabus aims at making students aware of functioning of monetary theories and prevailing financial system in India. Unit Content No.of Lectures I Money: 1.1 Functions of Money 1.2 Different components of money 1.3 Meaning of each component & It’s changing relating Significance 09 II Theoris of value of money-Quantity theory of money 2.1 Definitions & Clarification of Quantity theory of money 2.2 Assumpyions-conditions. 2.3 Characteristics of quantity theory of money 2.4 Clarification of quantity theory of money with the help of Euation (i)

Fisher’s equation (ii) Cambridge equation 09 III Financing 3.1 Financing in Economy 3.2 Types of Finance 3.3 Method of Finance 3.4 Micro Finance-a bird view 09 IV Indian Banking System 4.1 Definition of Bank 4.2 Commercial Banks:Importance & Functions(with reference to core

banking) 4.3 Evaluation of working of Nationalized Banks with reference to non

performing assets. 4.4 Credit creation process of Banks 09 V Banks,Non Banking Financial Institutions 5.1 Important Institutions :IFCI,ICICI,IDBI, 5.2 Unregulated credit market in India and its main features 09 Total-45 References: 1. An Outline of Money-G.Crowther 2. Money- D.H.Robertson 3. Economics of Money & Banking-G.N.Halm 4. Economics-F.Benham 5. Modern Banking-R.S.Sayers 6. Central Banking-De Cocke 7. The Economics of Money & Banking-Chandler 8. Monetary Theory-M.C.Vaish 9. Money Market Operations in India-Sengupta & Agarwal 10. Monetary Planning in India-S.B.Gupta 11. Reserve Bank of India-Functions & Working 12. Indian Financial System-H.R.Machhrirajo 13. Indian Financial Policy-S.S.Tarapor 14. Financial Markets-Robinson & Rightsman

Saurashtra University-Rajkot

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Commerce Faculty S.Y.B.COM

Economics Planning & Public Administration-Paper-1

SEM-III Unit-1: Meaning of Economics Planning,Different Defination of

Economic Planning,Brief history of Economic Planning 15 Unit-2: Public Administration-Defination,Meaning

Scope,Importance ,Goals of Government 15 Unit-3: Need for Economic Planning & Perspective of Economic

Planning,Planning in Different Countries 20 Unit-4: Organisation,Principles,Auxiliary,Agencies,Public

Corporations Unit-5: Types of Planing,War Planning,Peace Planning,Functional

Planning & Structural Planning,General Planning & Special Palnning.Planning by direction & Planning by inducement 20

References Books:- 1. Studies in theories of planning by Bettlehem C.Asia Publishing Home 2. Problems of Economics Planning Handle,Reutledea & Kanaw Ltd.1949 3. Planning Economic Development,Irwin-1963

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Saurashtra University-Rajkot Commerce Faculty

S.Y.B.COM

Public Finance Paper-1

SEM-III Unit-1: Basic Aspects of Public Finance-I (i) Definations,Nature & Scope (ii) Objectives of Public Finance (iii) Socio-Economic Significance of Public Finance Unit-2: Basic Aspects of Public Finance-I

(i) Comparative Analysis of Private & Public Finance (a) Similarities (b) Difference

(ii) Principle of maximum social Advantage Presentation & Limitations

Unit-3: Types of Budget (a) Balanced Budget (b) Imbalanced Budget (c) Performance Budget (d) Optimal Budget

Unit-4: Taxation (i) Source of revenue of the Government (ii) Meaning,objectives & importance of Taxes (iii) Principles of Taxes (iv) Ideal Tax Structure

Unit-5: (i) Effects of Taxes (ii) Types of Taxes,Direct,Indirect,Progressive-

Regressive.Service Tax (iv) Incidence of Tax (v) Taxable Capacity

Basic Reading List:- - Auerbach,A.J.& M Feldstern,Hardbook of Public Economics,Vol.I North

Holland,Amsterdam. - Shome,P.Tax Policy Handbook,Tax Division,Fiscal Affairs Department,

International Monetary Fund,Washington D.C - Atkinson A.B.& J.E. Siglitz,Lectures on Public Economics,Tata MacGraw

Hill,New York - Musgrave R.A.& P.B. Musgrave:Public Finance in Theory & Practice

MacGraw Hill Kogakusha Tokyo - Buchanan J.M.The Public Finances,Richard D.Irwin,Homewood - 5|FPDC[X E8'4HFC[Z lJT jIJ:YFGF l;wWF\TM4I]lGPU|\Y lGDF6" AM0"P

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S.Y.B.Com. Semester-4 Core 5 : Monetary Economics & Financial System-2 Objectives- This Syllabus aims at making students aware of functioning of monetary theories and prevailing financial system in India. Unit Content No.of Lectures I Economics Fluctuation 1. Meaning & Types 2. Characteristics of Business cycle 3. Model Business cycle 09 II Inflation 2.1 Meaning 2.2 Reasons 2.3 Impact 2.4 Remedies 09 III Reserve Bank of India 3.1 Functions 3.2 Money & Instruments of credit control(Control by RBI) 09 IV Interest Rates 4.1 Different Interest Rates in India (A) Bond Rate (B) Bill Rate (C) Deposit Rate (D) Repo Rate (E) Reverse Repo Rate 4.2 Administrated & Market rates of interest 4.3 Source of differentiations in interest rates. 09 V Exchange Rate 5.1 Meaning & Its determination 1. Purchasing power parity theory 2. Demand & Supply theory 5.2 World Bank(IBRD),WTO,Aisan Development Bank 09 Total-45 References: 1. An Outline of Money-G.Crowther 2. Money- D.H.Robertson 3. Economics of Money & Banking-G.N.Halm 4. Economics-F.Benham 5. Modern Banking-R.S.Sayers 6. Central Banking-De Cocke 7. The Economics of Money & Banking-Chandler 8. Monetary Theory-M.C.Vaish 9. Money Market Operations in India-Sengupta & Agarwal 10. Monetary Planning in India-S.B.Gupta 11. Reserve Bank of India-Functions & Working 12. Indian Financial System-H.R.Machhrirajo 13. Indian Financial Policy-S.S.Tarapor 14. Financial Markets-Robinson & Rightsman

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S.Y.B.COM Economics Planning & Public Administration-Paper-1

SEM-IV

Unit-1: Planning under different Economic systems,Capitalism &

Planning,Socialism & Planning,Morel Economic System & Planning 15

Unit-2: Constitution-meaning,written & unwritten constitution,laws

& Conventions in constitution,Rigid & Flexible Constitution 15

Unit-3: Unitary-Federal State & Local Government Centralized &

Decentralized Administration-Functional & Territorial devolution of Power-Regionalism 20

Unit-4: International Organization of society,United Nations

Development Programme,World Bank,IMF 20

References Books:- 1. Studies in theories of planning by Bettlehem C.Asia Publishing

Home,Mumbai 2. Problems of Economics Planning by EFM Durbin 3. Planning Eco-Development by Hegan L.E. 4. Theories of Economic growth by Irma Admin.Standford University

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S.Y.B.COM

Public Finance Paper-1

SEM-IV Unit-1: Public Enterprise (P.E.) (i) Objectives,Need & Importance of Public Enterprise (ii) Pricing Techniques of P.E. Unit-2: (A) Various forms of P.E. (a) Government Company (b) Public Corporation (c) Joint Sector (d) Government Department

(B) Problems of P.E.

Unit-3: Public Debt. Classical view of Public Dept.Burden of Public & Sources of

Public Debt Unit-4: Fiscal Policy

Objectives of fiscal policy:Full Employment.Anti-inflation, Economic Growth,redistribution of income & health, Independence of Fiscal & monetary policies,Fiscal policy for Stabilization

Unit-5: (i) Need for privatization in India.Globalosation & Liberalisation with reference of India

(ii) Role of Public Enterprise in developing economy like India

Basic Reading List:- - Musgrave R.A.& P.B. Musgrave:Public Finance in Theory & Practice

MacGraw Hill Kogakusha Tokyo - Buchanan J.M.The Public Finances,Richard D.Irwin,Homewood - 5|FPDC[X E8'4HFC[Z lJT jIJ:YFGF l;wWF\TM4I]lGPU|\Y lGDF6" AM0"P

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-:: Saurashtra University ::-

T.Y.B.Com.-2014

Semester-5 Core-9 Economics of Business Environments-1 Semester-6 Core-9 Economics of Business Environments-2

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T.Y.B.Com. Semester-5 2014 Core-9 Economics of Business Environments-1 Objective- The objective of the syllabus to keep aware the students about the problems arising at national & international level on account of the process of liberalization & globlization Unit Content No.of Lectures I Indian & International Business Environment: 1.1 The Concept of Business 1.2 Meaning of Environment 1.3 "Business Environment "-Clarification of Macro or Aggregative concept 1.4 Main integral units of Business Environment

- Demand,Consumption,Economics Policy,Legal System, Technology,Economic institutions.

1.5 International Environment:An overview of the main recent trends of business environment at global level 09

II The Different Economic Indicators Income:

- Trend of National & Per Capital Income - Co-relation of income & business Environment Savings: - Trends of savings during the last decade - Co-relation of savings and Business Environment 09

III The Different Economic Indicators Investment: - Quantum of local investments in plans - With reference to income & savings 09

IV Problems of Economic Development In the context of India India as a developing country Unemployment - Meaning-Reasons - Effects of unemployment with reference to business environment 09

V Poverty: - Meaning with reference to Modern Trends - Reason - Remedies for eradication of poverty with reference to business

opportunities 09 Total-45 Reference Books: ECONOMIC FOUNDATIONS OF BUSINESS ENVIRONMENT

By S.R.Pandiyan-Himalaya Publication Economic Environment for Business by Mishra & Puri-Himalaya

Publication

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T.Y.B.Com. Semester-6 2014 Core-9 Economics of Business Environments-2 Objective- The objective of the syllabus to keep aware the students about the problems arising at national & international level on account of the process of liberalization & globlization Unit Content No.of Lectures I A Birds Eye view of different economic sectors: Industries - Features of Indian Industries - Problems of cottage and small scale industries.

Agriculture: - Problems of low agriculture productivity in India - Effects of new agriculture strategy. 09 II Role of Govt.& it’s policies in Indian Economy 2.1 Monetary Policy- - It’s effect on Indian Business Environment 2.2 Fiscal Policy - It’s importance in the concept of welfare state - It’s effect on Business Environment 2.3 Import-Export Policy: - Main provision of recent Import-Export policies with reference to

globalization 09 III Role of Govt.& It’s policies in Indian Economy.

Industrial Policy: - Current Industrial Policy - It’s effect on Business Environment - Special Economic Zone(SEZ) - Foreign Investment - Modern trends of foreign investment in India 09 IV Role of Govt.& It’s policies in Indian Economy.

Process of Privatization & Disinvestment: - Meaning - Need of Privatization in India Economy - Effects of Privatization in the field of development of Business 09 V Planning in India: 3.1 Current five year Plan: - Objectives and main programs-Sectoral allocations of resources

- 3.2 Over all evaluation of planning 09 Total-45 Reference Books: ECONOMIC FOUNDATIONS OF BUSINESS ENVIRONMENT

By S.R.Pandiyan-Himalaya Publication Economic Environment for Business by Mishra & Puri-Himalaya

Publication [email protected]

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