ABOUT THE COURSE:This online course will provide an understanding of the functions and operations of the financial markets and institutions and its role in the economic development. It also introduces participants to the fundamentals of economics & financial markets that are in the toolkit of policy makers. These tools are used to study the characteristics of various financial instruments and their pricing, analyze portfolio of assets, gaining familiarity with the basics of risk management.INTENDED AUDIENCE: 10+2 pass candidates (from any stream or subject) or equivalent can apply to join this course “Fundamentals of Economics and Financial Markets”. Candidates appearing or appeared in qualifying exams (i.e.10+2) may also apply.Students pursuing degree or diploma courses from any college,institute or university may also apply. Recent graduates from various degree courses may also be considered for taking admission.PREREQUISITES: 10+2 pass candidates (from any stream or subject) or equivalent can apply to join this course. Candidates appearing or appeared in qualifying exams (i.e. 10+2) may also apply.INDUSTRY SUPPORT: All the financial institutions, broking houses, research houses, depository houses etc needs financial analysts so they will certainly recognize this course.
Overview
Syllabus
Week 1:Introduction to the Indian Financial System
Week 4:Banking
- Meaning & Definition of Financial System
- Components of Financial System
- Concept of Financial Assets
- Concept of Financial Services
- Meaning and Functions of Money, High Powered Money
- Measures of Money Supply (RBI’s Approach to Money Supply)
- Inflation-Types- Demand Pull & Cost Push, Inflationary Gap
- Causes and Control of Inflation
- Phillip Curve
- Meaning & Structure of Money Market in India
- Instruments traded in Indian Money Market
- Features of a Developed Money Market
- Features of Indian Money Market
- Defects of Indian Money Market
Week 4:Banking
- Commercial Banks-Meaning and Functions
- Process of Credit Creation
- Central Bank-Functions & methods of credit control
- Monetary Policy
- Meaning & Functions of NIM
- Pricing of Securities
- Public Issues: Meaning & SEBI Guidelines
- Rights Issues: Meaning & SEBI Guidelines
- Private Placements: Meaning & SEBI Guidelines
- Concept of stock and flow, measurement of National Income
- Problems of Measurement of National Income
- Circular Flow of Income in two, three and Four Sectors
- Meaning & Features of Old Stock Exchanges
- Organization of Stock Exchanges in India
- Functions of Stock Markets
- Defects of Indian Stock Markets
- A brief account of Keynesian theory of employment
- Keynes’s Psychological Law of Consumption
- Theories of Consumption- Absolute, Relative, Life Cycle andPermanent
- Listing of Securities
- Dematerialization of Securities
- NSE: Functioning & its Trading Pattern
- BSE: Functioning & its Trading Pattern
- OTCEI: Functioning & its Trading Pattern
- Concept of Public Goods and Private goods
- Tax System-types, ability-to-pay approach
- Incidence and shifting of tax
- Tax avoidance and tax evasion
- Meaning and Types of Public Expenditure
- Theories of Public Expenditure – Wagner, Wiseman-Peacock Hypothesis
- Public Debt-Types and its Redemption
- Function & Relation
- Meaning of Hypothesis & Hypothesis Testing
- Concept of Probability
- Concept of Errors & Its Types
- Stochastic & Non-Stochastic Phenomenon
Taught by
Prof. Parul Jain, Prof. Anand Singh, Prof. Mayank Kumar Singh