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of Faculty Commerce &
^
UNTVERSITY OF CALICUT
T
{
Faculty
of
Commerce
Unified & Non-senester Course for M. Com.
(Scheme
&
SYllabus)
1981
I
I
'E
t
');
UNIVERSITY OT] CALICUT
oue Uniried
ror M.
irrr"a.".,vr.
ancl. sytrabi
1,*r^t.1..r,,.{3it?;'r,,,
Degree
Course_Sauctioned_Oraeii
com.
CENERAL AND ACADEMIC .E' SECTiON
'."u. Datcd curi.rt Universiry p.o., 2g_7_19g1
eeting of the Board of
on third March l9gl.
eting of the Faculty ot
Gt\-8213299/g0.
.a
utes of the meeting
198 t.
of thc Aca<Jemic
80_3/80 dated 6_7_198 t.
Order
2 The Academic Council at i
app:oved the dicri[,n or ir,. ru.ri
on 27-6 8l
t.uo uiit.,r-'i+; uuou.
a
-,i,
Copt
to:
1
'i
was
iss
i
...-.,.1'
,",;.
'-
-, ,',' .:,'.
m. Dcgree Course \ 'rr.'i\r
:nj ' .-q'
ons.
t
etrar.tG&A)
.i r)1
. , rl.i
has
studies subject
The univeriity
.."o-r*i^Jion or the Facu
{
order
,.r,*
\:. .
.^ii
:..,
l-'
\l - -it*l
t
UNIVERSITY OF CALICUT
FACULTY UF COMMERCE
uni nert
Sfl:#ff 'fl
C
ourse
"Y;,tiH
of two parts viz:
:- The course shall consist
first
ihe
it
vear and Part tI
iJr iI-uJl"r.." year of the course'
in the 2nd
tiLe"otue compulsory subiects
t-"t
Part
Part
of
studv under
a
l}
t
$
I.
I (ComPulsorY
I
ir""ii ti
ii5ii lii
Paocr
i;'p";
subjects)
nic Growth and Planning
PrinciPles
Accounting
it
Methods
II
(OPtional Subiects)
for optional' each
thtliit tile streams of subiects
followins
Thc
e-.undidati will have to select any
Paper
,"b6il;:;;;il""-i;;;r;"i*rl'-
ot"
A
B
{#?I;ill
end of each part'
bc a viva voce examination at the
Brnking end MonetarY Manrgement
I (a)
PaPer JI (ul'
PaPer III (a)
i'6;; iV ("i
III
'P;; iV
Marketing
TransPort Economics
Flnrnciel Management
PaPer I (c)
Pa'per II (c)
Paoer
a
iool Xfi-"i,',',',?"Yii3ffi1""'
ab) lnternational rraoe
i';;;; fi ibi
D
and Institutions
dian Mon6tary system
Trade anil TrensPort Management
l:#:,1
Paber III
C
nt
Paper
(c)
Fi
rng
Acco nts
lrbour Memgement
gelot I (d)
Economics of Labour
Labour Laws
irii*
-ffiili U (di
Management
toi
'ilfi; i'f idi Personnel
r;;Eu;il"" an-d Iodus rial Relations
5
b)
Scheme
Part
^'
I
of Examinatlon
I
Paper II
Paper III
Paper lV
Paper
Economics Growth and
Planning
Management Principles
Management Accounting
Quantitative Methods
t.
a
Duralion
Max. Marks
3 hrs.
150
3,,
3,,
3,,
150
150
190
Total
Part
II
700
Optional
I
lI
Paper III
Paper IV
Paper
Paper
3 hrs.
Optional
Optional
Optional
Optional
150
3,,
3,,
3,,
150
150
100
Viva- Voce
c)
.
r50
Total
?00
Grand Total
1400
Pass Minimum
.A candidate obtaining not lcss than 35o/o marks in each paper and
the viva-voce examinatiot and 40o/o in the aggregate in each part shall
be declared to have passed in that part.
d)
Classification
A candidate obtaining not less than 6o0/o marks in the aggregate
for Part I and II together shall be placed in the first class and a candidate obtaining less than 600/o but not less than 50o/" in the aggregate
for Parts I and II together shall be placed in the second class. A
candidate who obtains less than 50o/o but not less than 40o/o in the
aggregate for Parts I and II together shall be Placed in the 3rd class.
I 'Ihe detailed syllabi are given in Appendix L
2 Model queslion papers
The Board also resolved that model question papers under the
new pattern as decided by the Board at its previous meeting should be
prepared and finalised at the earliest. The new pattern of question
papers should come into force from tbe academic year l98l-82.
rI
SYLLABUS
M. Com. PART-I (COMPULSORY SUBJECT)
'
Paper-I
I
Economic Growth and Planning
Economic growth and Development process
change-Technological, social-Indiccs
of
Economic
Inconre
of growth-National
6
--per cilpital Incotnc National Irrcotne cor:ce;:ts-Measurernent ol
National Income-Determ ination of N atior; aI I ncome-characteristics
olpn underdeveloped country.
and unbalanced
-M
fixin
econ
5
growth-
to
an
obi
planrrir.rg Basic strategy and objectives
ur:s of planning,-F'ormation of plans
resources-Planning as a process of
Elanning under capitalism-Planning under Socialism-Finan-
cirl and Physical Planning-Perspective planning.
6 Tools and Techniques ol' planning-Capital output ratiosaving and inv:stment-criteria-Project Eva(uation and cost benefit
, i,,.,
analysis. '
.7 Public Poliey-Resource allocation and price system-Price
policy-control of monopoly power.
r 8 Reviow and Evaluation of Planning in India-A critical
Ana.l,ysis of India's Fire year plans-Econor[ic growth and social
change in lndia during the plans.
Books Recommended
Reeggles Richard
I
2 Samuelson
3 Agarwala, A. N.
4 Nurkse, R.
5 Benjanrin Heggins
6 Mier & Baldwin
7 Mier
8 Rostoiv
9 Singh, V.. B.
10 Simon l(eeZnets
I I Gunnar Myrdal
12
ll
14
Sen,
,\.
K.
Timbcrgcn, G.
Jhurigon, M. L.
An Introduction to National
Income Analysis
'l'he Economics of uncler
ol
unde
Problems
Income
velopment
mdtion in
countries
Economic D&,
Economic Development
Leading Issues in Development
Process
oi
Econo uric
c ro;,Prloo"i"'
Therries ol . Economip Divelopment
Econoniic grorvth and Struci.ure
Economic Theory and under
developed regions
Choice of Tcchniques
Drrvslopmgrt Planning
Ecouomics of Developrrrent
and Flanping
a
7
l5
,^
!
Gadozil, D. R.
Plant,ing and Economic,policy_
Arthur Leivis
Althur Lewis
l8 Nag, D. S.
16
17
M.
t9
Seth,
20
Gyan chand
The Theory of,Economi" Gl:*Irldi"
Principles ol Economic ptaoning
Problems of under developed
Economv
Theqry aud Practice of Economic '
planning
L.
Socialist TransformaJion
of
lndian Economv
2t
Naba Gopal Das
The lndian Economy under
22
Tandon, B. C.
Planning Commission
( lndia)
Economic
23
24
Planning
planning
Reports on five year plans
U. N.
Process and Problems
of Industriali-
sation in under developed countries
M. COM. pART_r (coMput_soRy
Paper_Il
I
nrent
oJ
_-
sUBJECT)
Management principles
...Developntenl
Jheory
Process-Sc
of
ific
Manage-
Management School, Behaviour
rutanagemeni s"rr""i,'
ment School
2 Current Management proctices:_participation_Results Mana-
o.
C
,:Jttffi:#"l
gement-'top-down and'bottonr-upr upprou"h--Job
Productivity.-- contingerrcy Managem'ent' c.onfl icts, it; ro;;tiinl'a.ur"niiitr.",ing with and uti Iis:rtion.
3 Deci-tion Theory.'proc
sion making_Tools
of
-Svrt.rrd_eci-sioii making Constraints.
t
Infornratiln
-'
-d."irio,
Designing information systemt _Arp..i,
oi
irrakrng-Quantitative and n.n-quantitatil,e.mcans of decisioo ,nalingProbabrlity theory Game the.ry-u1i1;1y theoryand Models roi a"iision
nraking.
_Importance of objectives_setting
nt
ol'
ntir
euatitativc ObjectiveJ_iii"i"..f,y o?
obj
izin
s.
. 5. t lannr)rg:-Planling
.prom_ises-Steps in plaoning_Kinds of
planning-Strarcgies
of policiis-Forecasting It4etliodi. -"
7 Theories of Organisation:
i Classical '[heory: Bureaucracy-Administrative
Thcory_
Scientific Management Theory.
ii Neoclassical theory: The Hunran relations Movement.
iii Modern Theory: Systems Analysis.
Boolts Rec,tm nended
I - Druckdr, Pcter
2 Koontv, Harold antl
Cyril O' Donnel
3 Mc. Edward Dulton
4 Niles, Mary custing
5 Terry
6 Murthy, V. S.
7 Brech E. F. L.
8 Brech E. F. L.
L
l0 Starr M. K.
9
II
Nossie J
Kunddson
Practice
of
Management
ar Principles ol Management
b, Manrgentent a book of Reading
irlanagement principles and pr,ictice
of Manageinei:t
Principles of Managenrent
Persnective M anagenlent
Essance
The PLinciples
& l'ractice of
Management
Manageorent, its nature and
Significance
Ess,'
M
M
ntials of Mana gement
t-A
t of
for
ach
rces
oos
9
:
:
:
12 Allen L. B.
13 Wilkinson & Foster
14 Newman (Wl
Management & Organisation
Management Principles & Practice
The Process of Management
M. Com. PART I (COMPIJLSORY SUBJECI)
Paper
a
c
III
Management Accounting
I Introduction: Definition-Meaning-Scope of Management
Accounting-Inter-rclationship with other subjects
of
-Position
functions
Management Accountant in the organiration-Line and Staff
of Management Accountant.
2 a) Capital Planning & Control: Estimating capital expenditure requirements-Replacement-Product improvement-Expansion.
b) Measuring Productivity-Pay book Method, return on
investment Method, D. C. F. calculations-Net preserrt value method
and time adjusted rate of return method-Adjustments for uncertainty
values and probability distributions sensitivity analysis
-Expected
(broad outline only)-Appraisal of investmerits througb cost--enpfit
analysis (Broad outline only).
c) Computaiion of cost of capital on different sources of
capital-lmportance of the concept-Computation of cost of Debt,
preference and equity capital-Retained Earnings-Wcighted average
cosf of capital-Adjustments for uncertaintl,.
d ) Capital rationing
rates-Determination of cut off
-Cut off
rate as a tool of Administrative
rates-Cut of rate and rejection
control.
3 a) Working capital - Sources, estimation. Planning and conb) Fund Flow Analysis - Cash forecast - Preparation of cash
budget.
c) Accounting rations: Uses-Llmitations-Calculations of ration
test ratios
Test ratio
Solvency test ratios
- Profitability
-Liquidity
ratios-Expense- ratios-Market test ratios
Overall measures
-Sales
ratros.
4 Cost Planning & Control
a) Marginal costing Basic concept- Fixed, variable and semi
variaole cost
of fixed and variable cost components
- Identiflcation
through di fferent
methods like level of aetivity plaoning, least square
trolling.
o
method-Break even analysis and cost volume profit analysis. Through,
graphs, equations and contribution margin). Probabilistic concepts
applied to Break even analysis uses and applications of Break-Even
analysis and C.V.P. analysis-Profit planning-Evaluatioi of performance Decision making Limitations of Break even analysis.
b) Budget and
l-Types of budget-P
of Functional budge
on, Materials, Labour,
cash & capital expen
nstalling and adminis
Budget.
l)
Books Recommended:
Institute of Cost & :
Management Accountants, London
Brown & Howard
3
4
5
6
7
8
9
Antony R. N.
M.E.Murphy
Moore Jeedicke
Mansom, Parry
Bierman & Deelin
Nagarathan
Kulshatra
10 Van Horns J. C.
I I S. C. Kuchal
12 Websch
l3
ICWA of India
14
Dobson
l6
Horngreen
1-5 lhomas William
An Introduction to Budgetory Control
Standard Costing, Meterial Control and
Production Control.
Principles and Practice of Management
Accounting
Management Accounting
Management Accounting
Management Accounting
Cash flow analysis and Fund Statement
Capital Budgeting
Management Accounting
Theory & Practic of Management
Accounting
Financial Management & Policy
Financial Management
Budgeting Profit Planning & Control
Break-even concept and its
Practical Dimensions
Management Information and Reporting
Readings in cost accounting and
Budgetory control
Cost Accounting: A Managerial
emphasis
l{. Com. PART I
Paper IV
COMPULSORY SUBJECT
Quantitative Methods
The aim ofl this course of study is to Present clearly the statistical
technique most commonly used in behavioural sciences Mathematical
derivation of any formula is not required.
Course outline
I
lity (L
-Con
Theory: Basic concepts and definition ot' probabinition, relative frequency and axiomatic approach)
ability-Stochastic independence-Bayee's Theorem
-Ran
2 l'robability Distribution:
Bionmial, Poisson and Normal distribution-Mean and Variance of the distributions-Applications of
Normal distribution Cheryshev's Theorem-Simultation Mathematical expectation.
ii
o
. 5 Quality control:. Concepts of control charts-d chart,
-' rp 'chert,
c chart, x chart and r chart.
6 Per/ormanc_e and cost Evaluation: Concepts of p. A. C. E._
personal inCex, budget index, scbedule index, quality inder, and short-
c
Sampling distributions-Cenr.*,
age index.
.^*,.
fheorem.
Books Recommcnded:
1
2
3
Fren J. E.
Leonard W. Hcina
F. E. Croxton and
,+ G. W.
5
6
7
8
9
l0
others
Snadccr
Gernard Ortle
Gupta R. D.
E. Paruen
Mendenhall &
Reinmuth
Hegties Grawoig
Donald R. Byrkit
Modern Elementary Statistics
Quantitative Approach to
Managerial Decision
Applied Generai Statistics
Statistical Methbds
Statistics in Research
Statistics
Modern Probability Tbeory
Statistics for Management and
stati
s
tics-A
Elements of
Fo und ati
o
olcoorno-ict
Statistics
AnalYsis
t2
M. Com, PART II
Group A-Banking and Monetary Managemeot
I (a)
Theory
Paper
A
Monetary Theory
&
Manrgemgnt
\-
Monetury
1 An Introduction to Monetary Theo;'y: The scope of Monetary theoqr, Elements of Monetary Tbeory, Monetary, Systems and
Money Supply Funciions-Kinds of Monetary Slstem, Commodity
money systems Token Money Systems, Money supply functions, and
International Factors in the Monetary System.
? The Quantity Theory of lv{oney: The Quantity Theory: A
firs1 approximation, equation of exchangc and the 'lneury of total
demand, Tbe demand for money and th: Theory of Velccity, Interpretirg Economic Events wrth the Equation of Exchange. The Development of lvlonetary Theory and the Credrt opproach to Banking and
Centrai Banking.
Theory of Money and Prices: Income, Outs
put
and Aggregate Demand, Money and pricen
and their Elasticities, short-run and long-ruthe
considerations, the standard Keonesian Models, The Stagnation thesis,
The Financial and non-financial Keynesian models.
4 Dynamic Monetary Theory: Monetary Theory since 1960InL:gmc and Expendjture Approach to Monetary Theory, National
income comcept, Dgterminants of National income, consurlption,
investments, comp;titive tests of Monetary theory.
5 The Theory of Interest Rates: The Classical Theory, The
Loanable Funds Theory (Neo-classical) The Keyoesian Theory of
Interest Rates, Recent Development of Interest Theory, Structure of
c
Interest rates.
8
Monelary Management:
I The Mor,etary Objectives: The Monetary Objectives in
Role of Monetary Policy, Trade off Among
different Economics
Goals-Table Prices,- Full Employmeot, Economic Growth, Growth
with stabilising the Balance of payments, other objectives, conflicts
amo ng,objectives.
2 Monetary Management in actioni.,l Instruments of Monetary
Managements-Reserve Requirements, Open Market Operations, The
Disount Mechanism, Co-ordination of the lnstruments of General
Monetary Management Methods of Co-ordination, Treasury Instruments of Monetary Management. Selective Credit Controls, Psycho-
Problums of Monetary Administration, Monetary
logical Means
Management in- India.
3 Problem of inflalion and inflationary financing for economic
development-Problems of developed and developing nations, Causes
exteroal and Internal problems of price regulation, Effect of Price
System on Money Supply.
e
l3
4 Debt Maqagement: Economic Effects of the Debt, Debt
Management, I-iquidity and Economic Stability, Debt Managemet
in the Keyneian Theory, Debt Retirement, Maturity of Debf and
In-'est cost of tbe Debt.
5 International Monetary Process: The Adjustment Mechanism
Rate Systems Exchange Arbitrage, Determination of Ex-Exchange
change Rates, Receipts and Payments, Exchange Restrictions andgther
Direct and Indirect Exchange
_----
controls.
Books Recommended.
I
2
3
4
5
6
Culbertson, Johu M.
Horvitz Paul M.
Marshall Swanson
Chandler V. Lester
Harrod, R. F.
Carson Deave (Ed.)
7
8
9
l0
William E Gilson and
George G Kanfman
Mundell A. RObert
Vaish M. C.
Srivastava S. K.
11, Mithani D.M.
12 Hansen A. H.
Money uoa naoting
Monetary Policy and the
Financial System
The Monetary Process.
Else1tial of Money and BankingThe Economics of Money and
Banking
Money
Money and Finance (Reading in
TheorY)
Policy and Institutions
(second Edition)
Morletary Economics: Readings
on Current Issues
Monetary t heory
Monetary Theory
Monetary Economics
Monetary Theory
Monetary Theory and Fiscal
l3 Crowther Geoffrey
14 Entine Allend
l5 Jacobson P.
Policy
An Outline of Money
Monetary Economics, Readings
International Monetary Problems
lnternationa I Monetary Economics
Studies on quantity Theory of
l8
Monetary Theo ry uoa p."Ytio"t"tutY
Keynesiau Economics
Money and Banking Analysis and
Policy
16 Machlup Fritz
17 Friedman M.
Sundaram
K. P. M.
19 Dutt & Chopra
20 Whittlesy R.
Fradma A. M. &
Herman E. S.
M. Com. PART II
Group A-Banking & Mooetary Management
Paper
II (a) Bank Management
I - Banking Systems and Economic Society:
Banking Structure-Pattern of Banking and Monetary systemNeed for regulating banking business changing character 6f banking
1.,
of
-Role
India
banks in economic society-Public policy
on banking in
3
Management of Bank Funds-I.Structure and source of Bank funds-Capital funds-total funds
mobjlisation
-D-eposit
- Factorsandaffectiog
- changing- structure of
bank deposit-Deposit insurance
credit guarantee.
4 Management of Bank Funds-II
Employment of Bank Funds
consideration
- General
- Liquidity
management
Reserve Projections
Statutory requirements-Invest- funds
ment policies-Public
policy on loanable
-Constraints.
5
Banking Regulation in India:
6
kin
of
7
purpose
Bauking
tion
of
and
Principles and practice of Bank lendings.
I-ending in General
The National Interest, the Dorrowerst
.irrterest,
The Bank,s own- interest, the character 6f the borrowerPublic policy on Bank credit and lending in India (current).
\
7
to diffe
against
outstan
business trudgeting.
..8 -.Credit A-nalysis--Tools of credir analysis-Working out of
credjt limits, analysis of credit proposals with cCses, difficulti6s in processing credit proposals.
9 Financial Analysis Cost Analysis of Banking operationsProfit planning and analysisMeasures for improvin-g 6perational
efficiency and profit ability of Banks in India.
Books Rccommended
I John M. Culbertsen
2 Herbort V. Prochnow
(Ed.)
:
:
Money and Banking
The Changing World
of
Banking
c
15
2
J
Basu S. K.
,\
4
Bedi Fl. L. and others
Chandler L. V.
Theory and Practice
Practical Bankiog Advances
The Economics of Money and
6
Saksonan
7
Varshney P. N.
M.
Development Banking io Indi:unki'g
Banking Law and Practice
R.l.
8
Robinson
9
Frazer William and
Million B John
Jessup Paul F. qEd.)
l0
?
P.
The Management of Bank Funds
Analysis and Institutions of
Money and Bankrng
Innovations in Bank Management
Selected Readings
ll Clemens J. H.
l2 Ritter Lawrance (Ed)
l3 Wlttlessey C. R.
14
l5
Review of Current Banking
and others
Rokicheck Alexander A
and Caleman A. B.
R. B. I.
t6 Clemens J H and
L. S. Dyer
t7
l8
19 Kenneth Toft
Bank Lending
Money and Economic Activity
Readings in Money and Banking
Money and Banking : Analysis
and Policv
Management of Financial
Institutions-Notes & Cases
Organivational Frame work of
implementation of Social Responsibilities of Commercial Bank and
other related readings
Balance sheets and the lending
Banker
Banking Regulation Act 1949
Reserve Bank of India Act, 1934
Practical Bank Management
M. Com. PART II
Group A-Banking and Monetary Management
Paper III (a) Indian Banking System & Exchange Arithmatic
A
hdian Banking System
2 Characteristic features of Indian money markets-lts dichotomy,
defects, causes thcreof, measures to develop money and capital markeii
in India-A review of .
3 Banking development in India-A historical review of the
growth and progress of banking in India, the process of consolidation
and stability of banking industry in India.
l6
IRCI, UII, LICI,
SFCS, ARDC and land banks and their pDricy
changes in the seventies.
5
and
d
Functi
r
6
tional Roles RBI's Monetary policy, RBt and Industrial credit, RBI
and Agricultural credit, RBI and non-Banking financial and nonfinancial intermedraries (A brief review of the functions of Reserve
Bank of Indiai.
B
'
Exchange Arithmetic
ha
C
unts
inF
valu
*:::;
Ple of
's
ficance of Maxims in the calcultttion of Exchange Rates.
3 Foreign Exchange Market: Structure of Exchange
MarketsNew York Marker, Euro-dollar Market, London Market, Indian
Market, Important functions, Dealiogs with customers-Dealings in
the Inter-Bank Market,-lnter-Bank Markets of Bombay, Calcutta
and Madras, Role of Exchange Brokers. Dealings betweeo Commer'
cial Banks and Reserve Bank of lndia, Dealings between banks in '
India and their overseas correspondents.
4 Arbitrage Operations: Simple and compound Arbitrage,
Arbitrage in space, lnterest Arbitrage, Time Arbitrage Practical
problems.
5 Cover and swap Deals: Importance of cover and swap in
foreign Exchange Transaction-Matching Forward Deals-Cover by
spot Deals-Swap as cover for Forward Deals-Swap and DepositSwap and investments Practical problems.
Books Recomruended
I
2
3
Basu S. K.
Battacharrya P. C.
Dekoch M. H.
:
:
:
A Review of Current Banking
Theory and Practice
Central Banking in Developing
Economics
Central Banking
t7
4
5
Joshi
M.
S.
Financial Intermediaries
Polakoff M. F. and
others
'!1 Ray K. N.
7 Sayers R. S.
8 Sinha S. L. N.
9,,
l0 Holgate H. C. F.
1l Paul Einzig
12
,,
Financial Institutions
Monetary Policy and Reserve
Bank of India
Modern Banking
History of Reserve Bank of India
-Oevelopment Banks
Exchange Arithmetic (Pitman)
A History of Foreign Exchange
A Dynamic Theory of Forward
Exchange
The Case against Floating
r3
. Exchange
Evitt, H. V.
15
Keshkamat V. V.
A Mannual of Foreign Exchange
Foreign ExchangeAn iutroduction
t6
t7
Paul Einzig
Andley K. K.
Parallel Money Market
Foreign Exchange Principles
l8
Norman Crump
Geoffrey Bell
t4
19
.
& Practice
A B C of Foreign Exchange
The Euro-Dollar Markets aod the
International Financial System
M. Com. PART II
Group .A,--Banking and Monetary Management
Paper IV (a) International Monetary Problems & Institutions
A
Inlernational Monetary Problems
1 International F'inance: Functions ol Money in [nternational
Transactions, Multrlateral Payments and Multilateral Trade, International Flows of Receipt and Payments. A Nations of Balance of
Payments Policy towards International Trade, International Capital
Movements and the balance iu International Payments, National
stabilization policy and the balance of payments,
2 International Monetary System : Historical Development,
International Monetary System and its implication, International
Monetary Reserves and its desired behaviour, International Monetary
Reserves and the National Money Supply, Alternative [nternational
Monetary System, Gold as lnternational Monetary Reserves, the gold
exchange system, The Developments of the gold standard, 'fhe present
international Monetary System and the behaviour of lnternational
Monetary Reserves in the post-war period.
3 Problems of Iriernational Liquidity : Sources of International
Liquidjty. ExistingArrangementsfor International Liquidity, Plans
to improve international Lrquidity-Triffiy Plans, Roosa Plan, Shamp
I8
Plan, Maulding plan, Harrod Plan, Poshuma Scheme and Jacoson
Plan, Development in Internatisnal Liquidity, Special Drawing
Rights.
4 International Monetary
Reform-D-iagnosis o^f _th9. Existil
Multiple Currency System, Raising the price of Gold, Frnancial Integration, Fluctuating Rates of Exch-ange, other recommendations, The need for choice among rival policies/proposals.
System,
B
International Monetary Institutions
I International Payments System: Ilistorical Perspective, Pre-
Bretton Woods Organisations-Bank of Interoational Settlemerts,
Export-Import Bank, Bretton Woods Agrdements, Problems and
Prospects of International Monetary Systems.
2 International Monetary Fuod: (lMF) Origin, Aims and
Objectives, Structure, Management, Consultation and Policy Role,
Quotas and Subscriptions, I M F as a Financial Institution, Exchange
Transactions, General and Special Drawings, I M F and International
Liquidity, I M F and developing nations with particular reference to
India.
3 International Bank of Reconstruction and Development
(IBRD) Origin, Objectives, Structure and Management, Leoding
Operations (Sector-wise) Technical Assistance and Aid Consortiums,
Recent changes in policies and programmes, International Bank and
lndia a critical evaluation.
4 International Development Association: (IDA) Aims. Organisation and Management, Subscriptions, Functions, an evaluation of
IDA credit by Region, India and the lDA, contributious of IDA for
Regional Development.
5
International Finance Corporation Establishment, Aims and
of Fuuds, N{embership and Mauagernent. lovestment proposals, Eligibility, Methods of Financing, A
Crltical Estimate of Policies and working, India and International
Objects, Capital Stock, Source
Finance Corporation.
6 Asian Development Bank: Need, Objectives, Membership,
Organisation and Management, Investment Policy and Lending Operations, Funds (ADF & MSF), Technical Assistance, Surveys and
Studies, Future Role of ADB, India and Asian Development Bank.
7 Other International/Regional Financial/Development Agencies
:
A brief review on the functions aud working of :
(a) United Nations' Special Fund for Economic Development
(bl
(c)
(d)
(el
UniJed States Development Loan Fund
Inter American Development Bank (IApB)
Sterling area
European Payments Union (EPU & European Monetary
Agreement)
r9
Rooks Recommende'd
a
I
<' 2
3
4
5
6
7
8
9
l0
ll
12
Chandley L. V.
The Economics as Money and
Swanson Marshall
The Monetary process:
Culbertson J. M.
Horvitz Paul M.
Money and Bankrng
Monetary Policy and the Financial
Washerman M.J: &
International
others
Srivastava S. K.
Monetary Economics
Vaish M. C.
Gibson William
Kaufman C. G.
Scammelt W. M.
Entine,'A. D.
Machhlp Fritz
E. &
SYstem
M6netary Theory
Monetary Economics
International Monetary Policy
Monetary Economrcs
International Monetary
International Monetary
Om Prakash (Ed)
rnternatio
na
I
M
o
netarffi l:,1Tr""
Monetary Theory & Fiscal Policy
Money
International Monetary Reform an
17
John, G Ramlett
l8
Herbert Spere &
Lewis E. David
Boris P Pesek &
Introduction
Money and Banking an introduction to Analysis and Policies
Money and Banking
Thomas R Saving
a
Monetary
Management
13 Yeager L. B.
14 Hansen
15 Harred F. F.
16 Simha S. L, N.
19
rrr"'olilllng
of Money and Banking
The Foundations of Money and
Banking
20 Sundaram K. P. M.
2l Mithani D. M.
22
Prakash O. M.
Monetary Theory and Practice
Monetary Theory
I nterna tion al Monetary
23
24
Crcwther Geoffery
An Outiine of Money
International Monetary Fund:
Horie
S.
Development
RetrospecI and Prospect
M.
Gioup .B'
Com. PART II
- I Trade and Transport Management
Paper
b-Merketing Management
I Marketing and Marketin
plan-ning-lxecu-tion classificati
need-benefits-functional plannin
environments.
ion-Functions
ns-planning-
-
Analysis-of
,()
Warranty policies service and service politics.
of the pricing process-price objectives
3
and s
prices
n of piicesjNegotiated as established
ricing decisions.
pon-
sibi
pro
sales
eting
legi
of
gA
n of
5
of sal
superY
and selection
quotasPerformance-
sale-s
handling persona I problems.
6 Social legat, and ethicat issues in marketing-International
marketiog-Markit control-Sales,cost and profit analysis.
duct re,search-Rese'
7 Marketing research Ma
arch-Behaviour and
arch on saies metfiods and polic
motivation.
Books Recommended
I
2
I
4
5
Marketing Management
D. Maynard Philips
Others
Davar R.
Modern Marketing Management
in the Indian Councils
S.
Marketing-An lntroductor Text
Marketing-ConcePts and StrategY
Readingsln Marketi ng Information
Baker M. J.
Martin J. Bell
Smith
Systems
M.
Group
Paper
'B'
Com. PART II
Trade and Transport Management
ll-Agriculturai
and Industrial Marketing
on of Marlce'ting Marketing functions Fulctions of
ctrons of Physical supply and facilitating functions'
E
marl<eting Institutional functional and commodity'
,A
llarketiug in the Economy - Marketing of Agri 2 Ittiportance of-Marketing-of
Manuflactured consumer goodsproducts
cultural
Marketing of Industrial goods.
3 Organised markets-Stock exchange and prodgce ExchangeFunotions 6f tto"k exchange and forward trading- and regulation of
stock exchanqe in India.
\
2l
and regulations of
India.
. 4 Sel,ling-Product planning and development.
1 Variety of products-quality of products-diversification of products-Branding and Packaging and advertising-Sales promotion.
5 Market rrsks-Standardization-Advertising-Qrrality control
information-Transportation
- Warehousing Financing of
-Market
Marketing.'
Produce exchange-Function-Spot and future
stock exchange
6
in
Channels oJ' distribution
Retailing-Retail shops I)epartmental store Cbain stores - and discount houses-Mail
order.
Multiple shops super markets
Whole sailing importance of the whole sale-middle man whole salers
types.
- Different
7 Marketing costs-Factors affecting cost of farrn products
dlemen,
8 Price policy: How are prices determined
of
mid-
Retail price determination. Price in the wholesale market.
9 Sal,esman ship Duties and types of salesman Management
-
sales fources-Success
of
-
salesman.
10 Agricultural marketing in India-Regulated markets in India
Co-operative marketing in India
- Nationalisation of Distributors
(Wholesale trade) in lndia.
I I State and marketing-in India: Directorate of marketing and
iospection-Appointment of Committees-Marketing under the plans.
12 Marketing of food crops-Marketing of rice-Marketing of
Wheat.
13
Marketing of cotton-Marketing of Jute-Marketing
of groundnuts-Marketing of areacanuts
-Marketing
Marketing of, tea
tobacco-Marketing cf coffee
14 State troding in India Books recommended;
R
ubber
I C.B. Mamoria and
R. L. Joshi
2 Clerk and Clerk
3. Rusten S Davar
4 H. W. Deapner
5 Converse, Hussey and
Mitchell
6 B. B. Mukerli
7 Davar R. S.
8
9
Baker M. J.
Irlortin J. Bell
l0 Smith
-
of Mill
Marketig of
- Marketing
of
State Trading Corporation
of India.
Principals and practice of
Marketing in India
Principles of Marketing
Modern Marketing Management
Modern Marketing Management
The Elements of Marketing
Agricultural Marketing in India
Modern Marketing Management
in the Indian Context
Marketing. An introductory Text
Marketing-Concepts and Strategy
Roadings in Marketing
information systems
22
Group .r,
l;,!;:"; .Tx;,"ru,ur.,.,,
aper
I
III (
)
International
Trade
of
v
International Trade
Characteristics ol
- Distinctivetrade.
International Trade. Importaace of international
2 The theory of internrtional, trade.
(a) The classical theory of camparative cost
(b) The opportunity cost
rc) The General equilibrium theory
(d) Terms of Trade
3 Econ
and the theory of international trarle
ond national
of balance of payment adjustments and
Basis
1ts effects as
. 4
Toe bal,ance
ment equilibrium.
5
6
7
8
9
l0
11
12
13
of
international payment-The international pay-
Commercial policy 6f States:
(a) Traiff-Importd uty: Export duty Transit duty
(b) Multiple exshange rates
(c) Quotas: Import quota and export quotd
(d) Exchange control
(e) Beunties
(f ) Dumping
Free trade and Protection
lndirect control oJ International Trade
(a) Opperssive costoms formalities
(b) Sanitary regulations
(c) Control of imports of animals and animal products
Commercial treaties: Most favoured nation treatment
Bilateral clearing arr.tngements
Commodity agreements.
Custom unions, free trade areas and Common Markels
Effects of liquidity on work trade and income
freeing oJ work trtde:
Multilateral trade IMF-CAIT-UNCTAD
Capital, expert: International investment
World Bank IFC and IDA
The
Trado and aid
14
The Commercial Policy of India
Tariff
import Policy
State Trading
L
23
Scheme for export promotion
Commercial policy of States Trade-Mission and Commissi,rns
l|-oreign
Capitat in lndia
Books Recommended:
I Elloworth P. T.
2 Haberler
{
3
Chan
4
Transsing
5
Vincer Jacob
6
Towle
7
K. R. Gupta
"8
9
International Economics
I\eory of International Trade
Inter-regional and International
The
Trade
Internatronal Trade
Studies in the Teory of
lnternational Trade
International Trade and
Comm:rcial policy
A Survey of General
Agreement
on Tariffs and Trade
Ferkins J. O. N.
International Policy for the
Parcef
A course in the theorrl#'o
International Trade
EconomY
M. Com. PART-II
Group 'B'-frade and fransport Managemeot
Paper IV-Transport Economics
of Transporl-Transport as a public utility service of transport in an economy. Role of transport in deve-
Functions
Importance
loping economy-factors influencing the growth and demand for
tronsport services-Trons
on Inter-relationship between transpo
of the Soviet
Union-Appraisal of poli
omic activities
!
a
and their effects on transport services.
wat
teris
tion
tj;"UHii,.|"i#i
rticulaily modedisa-
transport - nature and degree of competition
, Pricing problem
and the problem of-in
pricing theory and practice of rate fixationcost of s
bear" theories problem of ownerpital in transport undertakingsihip dnd
forms of
n of transport.
ure of costs, average cost, and margioal cost.
of returns. -Theory ot' railway rates-Principle
fhe value of service principle--problem of fixing
lassification of goods Types of freight rates-
)'1
class rates. Commodity rates, agreed changes, valuations and
tiesent positibn of the India railway-passenger fare present development in other countrtes.
mercanteile
rnarine.
\
Economics of Inland water
transport-Inland water traosportation
in {ndia.
Air;
Modern development, commercial possibilitie,s nature of
state and national and International airways inter-ngtional agreements.
DeveloDment and maintenance of group of organisation Traffic control
and safbty regulations--Nationalisation of transport.
Books recommeaded:
I
Economics of Transportation
Transportation Economics and
Philip Locklier
) Dudley
Pergeem
Public Policy
3
Srivastava
4
M. O. Mathew
5
Bhatnagar and others
Transport Development in India
Rail-road co-ordination
Modern Transport DeveloPment
Bonavia
Economics of Transports
6
7
8
9
l0
lndran Shipping
Five Year Plans
Indian Railways
The Economics of Rail TransPort
Haji
Govt. of India
Sanuyal
Johnson J.
M.
ment.
in India
Corn. PART
II
25
2 Financial decision arcas-\nvestment Decisir:n and financial
decision-Basic factors influencing flnancial decisions-Devidend and
factors affecting dividend.
3 Meaning of capitat,isution Interpretatiorl of capitalisationEasic of capita_lisation-Theories of capitalisation - Over capitalisation
--Remedies of over capitalisation-Causes of under capitalisptionConsequences of under capitrlisation-Remedies for u4der capitalisation.
c
4 Planning the pattern of capital, structure: Criteria for determining tbe pattern of capital structure-Factors influencing the
pattern oIcapital structure-Characteristics of the economy industry
and compaoy-Planning proportionate mix of different securities in
total capitalisation.
5 Financial leverhge-Meaning of financial leverage-Impact of
financial leverage-Capital structure and optirna 6nancial policyDifferent approaches to capital structure.
6 Cost o.f capitol-significance of cost of capital in capital
structure decisions-Determination of cost of capital.
7 Policies covering internal, sources of funds-Income determination and financial decisions-Earnings payment and retention policy
- Principles determining dividend policy.
8 Characteristics of different t.tpes of securities and their significance-Functioning of new issues market Trends in new issues
activity-Meaning of promoton-Function and role of promotersCompany premotion in India.
9 Nqlure of underwriting activily-Significance of underwriting
trends in underwriting in India-Ecouomic functions of
-Recent
Stock Exchange - Indian Stock Exchanges.
l0 Sources of short, medium and long term financrrg-Role of
financial institutions - Pattern of Corporate financing and role of
Commercial Bauk,
lending by Commercial Banks-Life
- TermTrust
Insurance Corporation-Unit
oI India.
Need for establislrment of specialised finahcial institutions Industrial Finance
Specialised Financial Corporarions in India
(-.orporations-State Financial Corporation lodustrial
Development
Baok-Suggestions for the improvement of the working of special
financial lnstitutions-lnternational financial alencies International
t;evelopment Association and Asian Development Bank.
I I Corporation Finance and Public Policy - Growth'of Big Compaoies-Expansion by lnternal Sources-Expansion by CombinationHolding Conrpanies and Amalgamation social control of Corp,rrations
in lndia --, Industrial Policy statement-Control of capital issuesLicencing Policy-Monopolies and Restrictive Trade Practices Actllonopolices Commission Control of Foreign Companies FERA.
-
26
Books Recommended
:
I
GeorgeC. Phillippatas
2
3
4
5
6
7
8
9
James C. Van Horne
Johnson B
S. C. Kuchhal
Walker E.
Mock E. J.
Mohsin &
Ahammed
Srivastava
Das N.
K. M.
B
lvl
12
l3
Braudt
1l
L.
Financial Management Theory
and Techniques
Financial Management and Polir
\"
Financial Managenrent
Financial Management
Essentials of Financial Management
Reading
Nanda N. L.
Sinha S. L. N.
Dooha K.
10
:
.
K.
in Financial
Management
Corporation Finance
Financial Management
Banking and Industrial Finance
Capital Market of India
Capital Market of India
in India
Stock Exchanges in a
Developing Economy
Business
Finance-A
Management Approach
/
1
2
M. Com. PART II
Group C-Financial Management
Paper II (C) Adyauced Accounting
Preparation of Final Accounts from incomplete Records
Bonkruplcy {ccounts- Bankruptcy of a sole trader of
-- Statement of affairs--deficiency accounts.
a firm
3 L
companies Meaning of liquidation-Methods
windin
ation duties - preparation of statement of affair s
and Defic
ts-Liquidations final statement of Accounts Receivers
Accounts.
4 Eanking Componies Legal requirements Profit and Loss
Accounts and Balance Sheet.
5 General Insurance Companies Legal requirements.-Revenue
of
a.couDt and Balance Sheet.
6 Accounts of Holding Companies-Preparation of consolidated
Balance Sheet, provisions rclating to final accoul.tls of holding Companies in lndian Companies Act.
7 Valuation of shares - Internal and external f.ctors influencing
share
values Methods of valuation- Net Asset basis--Yield basis-
earning capacity basis.
J
27
9 Recent developments in accounting practices-Adjustment for
price level changes-different methods of adjustments Human
-\esourcesAccounting-Broad outline of international Accounting.
.andards-Need for international Accounting Standards- Arguments
for and against formulation of the.standards.
Suggested Readings
d
?
I
2
3
4
5
6
7
8
9
: Inflation Accounting
: Accounting Values & Inflation
Gaulier and Underwood
: Towards an Accounting Theory
R. L. Gupta
: Financial Statement Analysis
E. R. Farmer
: Accounting for inflation
H. Chakraborthy
: Advanced Accounts
Nagarathnam
: Advanced Accounting
Pickles
: Accountancy
Sukala & Grewal : Advanced Accounts
10 R. R. Gupta &
V. S. Gupta
: Advanced Accounting
I I Rockley
: The Meaning of Balance Sheet and
Company Reports
: Financial StatemeDt Analysis
-12 John Mayer
Devid
Baxter
M.
a^/L
Group (C
The aim of this course is to acquaint the student with the methods
ofcosting and cost control.
I Procedure of linking cotts irt the cosl centres and cost units,
Methods of cost accounting. Installation of a costing system.
1
3 Labnur-Labour Cost and Control-Labour turnover-Merit
4 Overheads-Definition and classification-Control and distri-
rating.
bution of overheads-Fixed, Semi-fixed and variable factors-Mana-
eerial problems in dealing with overheads. Allocation and Apportionment--Absorption of overheads and departmentalisation of expenses
under or over absorption of overheads-control of overhead and
flexible budget.
5'Integraled Acct,unting--Financial and Cost
ReconciLation of Financial and cost Accounts.
Accounting--
6 Methods of computing cosl-Job costing, single output costing,
multiple costing, process costing, operating cost-contract costing.
28
I
7 , Costing as an Aid to Management-lt's control.-F'uoctions
Aiding the process of decision making8 Standard costing-lntrod.rction, standard
ary control. Establishment of standard cosc
staodard, Direct wage standard,- Direct expense
Accounting for standard costs ancl analysis of variaoce disposition of
variances and stock valuation-staodard costing and cost valuation.
9 Estimale costi,lg-ptocedure for cost estimates, General Principles underlying Estimate cost systerr, lmportance of budgeting in
formulating Estimates, Estimating material costs, Labour costs,
Manufacturiog overheads-Methods of Accounting for Estimate cost,
Advantage and weaknesses ol Estimate costs.
l0 Buciget and costs-Budgetary control freparation of budgets,
Functional budget, Master Budget-The operation of Budgetary control.
ll Cost Audit-Cost and Financial Audit, Types and Advantages and cost Audit, Procedure for ccst Audit-Functional areas of
cost Audit.
12 Marginal costing-vsefulness and limitation-lApplicatioo ol
Margrnal costing, contribution Margin, Profit volrrme Ratio-Key
factor, Breakeveo analysis.
l3 Cost anal,ysis Jor ,llanagemen, psgisittns-Managerial problem iequiring cost Analysis, Factors to be recognised iir cost analysis,
contribution Margin Analysis Vs Net profit analysis, Reports prepared
in Accordance with contribution Margio concept, Variance Analysis,
conclusioo regarding cost analysis Accounting Reports.
fooks Recqmmended
I Weholdon
2 Bhar
3 Sarkar
4 SmithJE&Dap
5 Thomas
6 Swaminathan
7 Belocker & Wiltmer
8 Bigg
9 Shilling Law
l0 Anton Finron
ll Harper W M
t2 Bierman
L3
Bhabatosh Banergee
'
I
Costing Simphfied
Cost Accounting :;Principles and practice of Cost
Accounting
Cost Accounting and Costing
Methods
Reading in Costing Accounting &
Budgetory control
Lecturers & posting
Cost Accountirrg
Cost Accounting
Cost Accounting Analysis & Control
Contemporary issues in cost
:
:
:
Accounting
Cost accountancy
Financial Policy Decision
Cost Accounting
I
a
29
. M. Com, PART II
.=.\
al
J
Group C-F'inancial Management
Paper IV (C) Taxation Law & Accounts
7 Incame Tax Law-- Basic concepts
Revenue-Rcsidence and incidence of tax.
2 Heuds of Income
Salary
- Chargeability
practical problems-Interest
Income from hours property
practical problems.
-
Definitions_Capital and
utation
deductions
and relief.
Income
ounts
3
not
deductible
Assesses
co-operative societies-assessflleot-exemptions, public charitable
trusts-assessment computation of total income exemptions
con-
-
ditions.
4
Administration
ent and central jurisdiction..
of return self assessmentreopening of assessment time
emano.
5
Computation ond collection
of Tax;
\
Deduction
at source_
Advanq payment of tax-lts computation-Estimate by
assesses_
\\
32
e
xamination personnel references)'
Training and Placement
demoPeisonnel Apprasial (Merit pating)-Transfer-Promotion
tion etc.
Motivating the Worker
A Motivation. Attitude, Job-satisfactioo, Morals etc.
B
Incentive schemes
a) Individual, grouD, plant-wise etc'
b) Profit sharing
ci Suseestion Scheme
di
e)
PaltjciPation in Management
Scanlon Plan etc.
principles
.. Evaluation of lncentive schemes in the light of Psychological
f -V"lre of moneY-lncentives.
5
-
of Management.
Manalndian tnstiiute-"f personnel Management-Personnelrelations
Human
si..nt in I;;;; - ftr" practical aplroachin Industry.
Knowles W' H-personnel Management-A Huma^n.relations'
Reckmann I. L. and Hunery'geriManagement of Personnel
6
7
function.
8 Rihard and Niolander-Readirigs
t
in Persounel Management
M. Com. PART TI
GrouP'L)-Labour Management
Paper
IV
Traile Unions and Industrial Management
rnational Labour
S. A., U. S. S. R
e, U. K. Intertra'
ion
India.
Movement io
2 Trade (lnions Aims, objectives and structure I' N' T' U' C"
H. M S. and U. T. U. C., A. I. T' U' C'
33
3 Labour Policy and Programmes of Goycrnment of India after
Independence-Five Year Plans and Labour movements-lndustrial
_Relations in Public, Privatc Sector-Collcctive Bargaining aod rndust^'ial
Relationg-Labour participation.
4 Worker-Supervisor relations-Human re lations-in-industryTraining in Human relations-Grievrnce procedure and machincry,
Industrial discipline.
Books Recommcndcd
I
2
3
4
5
6
?
Mehrotra S. N.
Giri V. V.
Labour problcms in India
Labour problems in India
Mathus S. S. &
Mathus J. S.
Tweler
Trade Union Movement in India
Mayers, Charlcs
Hare, A. E. C.
RichardsSen, J., Henry
Industry (Reviscd & Enlarged)
Labour Movement in lndiaIts past and present
Industrial Relations in India
Frrst Prinoplcs of Industrial
Rclations
Iotroductioa to the study of
ladustial Relatioos
sd/Rqistrar
5
I
?
e
Fly UP