BCH 103 FOREIGN TRADE OF INDIA

Unit –I: Introduction – Trade its meaning and types. Difference between internal and international trade. Theories of International Trade. India’s Internal Trade- Characteristics and Problems. Coastal trade and trade of Uttar Pradesh. Terms of Trade. Trade : Terminology and abbreviations.

Unit-II: Foreign Trade of India – Before independence, During Planning Period, Recent trends in India’s Foreign Trade. Major Items of Exports: Composition, Direction and Future Prospects, Major Items of Imports: Composition, Direction and Future Prospects.

Unit –III: Free Trade and Protective trade policies, India’s Major trading partners. Financing of foreign trade, National Level Financing Institutions: EXIM Bank, ECGC and other institutions in financing of foreign trade, STC, MMTC, SEZ and EPZ. Export promotions.

Unit –IV: Strategy for Trade Policy in India – General Developments during planning period. Recent World trade Scenario, Recent changes in trade policy, Trade agreements – Bilateral and Multilateral Trade Agreements. GATT & UNCTAD, WTO. India’s Balance of Trade and Balance of Payments.

SUGGESTED READINGS:
1) Jaiswal Bimal & Singh A.K. – Foreign Trade of India
2) Salvi P.G. – New Directions on India’s Trade policy.
3) Cherrunilam F. – International Trade Export Management
4) Varshney R.L. – India’s Foreign Trade

BCH 105 ESSENTIALS OF MANAGEMENT

UNIT I
Definition, Nature, Scope and significance of Management, the evolution of Management thought, Approaches of management, contributions of F.W. Taylor, Henri Fayol, Chester Bernard to Management Science. Hawthorne experiment. Functions of a manager. Social responsibility of Managers, Values and Ethics in Management.

UNIT II
PLANNING: Definition, Nature, Scope and significance of Planning, Objectives,  Steps of Planning, Decision making as key step in planning. The process and techniques of Decision Making, Long Range Planning, Strategies and policies.

Unit III
ORGANISING: Definition, Nature, Scope and significance, Approaches to Departments, Line and Staff relationship. Delegation and Decentralisation, Committee system, determinants of effective organizing, Staffing – nature and significance, Selection, Appraisal and Development of Mangers, Coordination, Managerial Effectiveness.

UNIT IV
DIRECTING AND CONTROLLING: Issues in managing Hunan factors, Motivation – nature, scope and significance, Theories and techniques, communication , - Definition and significance, Communication Barriers, Building effective communication system. Leadership: Style & Theories, Definition and Elements of Control Techniques, Determinants of an Effective Control System.

SUGGESTED READINGS:
Essentials of Management : Harold Koontz, Heiriz, Weihrich.
Essentials of Management: Maheshwari & Jaiswal
Management, Tasks Responsibility and Practices : Peter F Druckers.
Principles and Practice of Management: L.M Prasad
Principle of Management: VSP Rao

                                                                           PRINCIPLES OF ECONOMICS

Unit 1 - Introduction

The meaning and definitions of Economics: Adam Smith, Marshall, Robbins and
Samuelson. Methods of Economics : Inductive vs. Deductive methods, Micro vs.
Macro Economics, Concept of Equilibrium – Stable, unstable and Neutral
Equilibrium. Theory of consumption – Cardinal Vs Ordinal approach. Utility analysis
– Total Marginal and Average utility. Law of diminishing marginal utility and Law of
Equi – Marginal Utility.

Unit 2 - Consumer Behaviour 

Indifference curve analysis, Budget line, Consumer’s
equilibrium. Price, Income and Substitution effects, PCCs and ICCs. Consumer’s
Surplus. Concept of Demand and Supply. Demand curve – Individual and Market
demand curve, derivation of demand curve. Law of demand. Movement vs. shift in
the demand curve. Elasticity of demand – Price, Income and cross elasticity, factors
affecting elasticity of demand.

Unit - 3 Production 

Meaning and factors of production, concept of short-run and long-run for
a firm, Law of variable Proportions, Returns to scale. Cost of production: Explicit
and implicit cost, actual and opportunity cost, accounting and economic cost, Social
and private costs, short-run and long-run costs, Cost Curves. Concept of Revenue:
Total, Marginal and Average Revenue. Market : Perfect competition, Monopoly and
Imperfect competition – Features and Equilibrium of firms in the short and long run
period.

Unit - 4 Thoery of Distribution

Concept of Rent, wages, Interest and Profit; Theory of rent.
Theory of wages: Marginal productivity theory and Modern theory of wages,
Backward bending supply curve. Theory of Interest: Classical theory, Loanable Funds
theory and Liquidity Preference theory of Interest. Theory of Profit: Innovation
theory, Risk Bearing theory and Uncertainty bearing theory of Profits.

                                                                                           FINANCIAL ACCOUNTING

Unit - 1  Accounting

Definitions, Functions, Objectives Nature and Scope Limitation
Branches. Accounting as an information system. Accounting Principles- concepts and
conventions. Accounting standards- Indian and International Context. Basic
Accounting Process-Journal, Ledger Trial Balance, Double Entry System, Systems of
Accounting.

Unit - 2 Business Income  

Measurement, concept of Capital and Revenue. Final
Accounts of Non-Corporate Entities. . Final Accounts of Non-Profit making
Organizations. Accounting for Depreciations.

Unit - 3 Hire Purchase System 

Hire Purchase System, Installment Payment System, Branch Accounting,
Lease Accounting.

Unit - 4 Voyage Accounts

Voyage Accounts, Accounting for Insurance Claims, Royalty Accounts.

                                                                                Financial Mathematics

Unit - 1 Fundamental concepts of Financial Mathematics 

Simple and compound interest.
Kinds of interest rates: Effective rate, nominal rate and force of interest rates:
Effective rate, nominal rate and force of interest. Calculation of accumulated value
using different kinds of interest rates.

Unit - 2 Present value calculation and discount rate  

Nominal rate of discount and its
relationship with effective rate of discount. Equation of payments interest & Discount.

Unit - 3 Valuation of annuities 

Present value of annuity. Present value of annuity payable p
time in a given period. Present value of deferred annuity. Present value of varying
annuity. Accumulated Value of Annuity. Accumulated value of annuity payable p
time in a given period.

Unit - 4 Analysis of annuity 

Calculation of capital component and interest, Component in
instalments. Outstanding liabilities after nth instalment, Sinking fund. Reserve value
of a policy, free policy.
Surrender value of policy, Valuation of securities.