FM EM-15

FM EM-15
1yr MBA-Executive 2015-16T-III

COURSE: Financial Markets

Credits	2.0
Faculty Name	Prof Bishnu Prasad Mishra
Program	EX- MBA-Full time
Academic Year and Term	2015-16 batch Term -3

1. Introduction

Welcome to the course. This course consists of two modules:

Module I : Financial Markets

The first module on Financial Markets will provide a foundation for the understanding of Financial Structure of the economy. Specific content includes introduction to the financial intermediation process and the inter relationship between financial intermediation and financial markets, regulatory and policy framework within which intermediaries, markets and participants operate, an understanding of the mechanisms of various financial markets and details of the various securities and financial instruments that trade in these financial markets.

2. Student Learning Outcomes :

At the end of the Financial market module the students should:

· Be able to understand the Financial Intermediation process and inter relationship between financial intermediation and financial markets
· Be able to understand the regulatory and policy framework within which intermediaries, Markets and Participants evolve and operate
· Be able to understand the complexities arising from globalization and innovative financial Products
· Be able to understand the Policy and Regulatory Changes in the financial system for emerging economies like India.
· Be able to understand the issues about financial market instruments and to some extent certain aspects associated with pricing of these instruments.

The focus of this module will be to view the financial systems from regulatory and policy perspective in both in Indian and International context so that the students can get a broader perspective in Financial Institution and Market.

3. Pedagogy

Module :

Financial markets :

The module will be delivered through lectures as per the session wise schedule detailed in a later section in this note. To enhance the learning experience, the sessions will embed discussions on contemporary issues such as :

Comparative studies of financial markets and intermediaries in the developed and emerging economies

Issues and Challenges in Financial Markets

Regulatory structure across markets and attendant pros and cons

Bank crashes and meltdown of financial markets : causes and lessons , debate on policy and regulatory context of recent US finanancial meltdown.

These discussions will be based on course material, cases and articles of topical interest from Indian and International business newspapers.

4. Required Materials, Text Book , Reference Book and other required readings :

Module I : Financial Markets

a) PPT slides

: Slides of each sessions will be mailed / uploaded in AIS to the students

b) Reference Books

Financial Markets and Institutions

: A modern Perspective by Saunders and Cornett (TMH)

Financial Institutions and Markets

by F S Mishkin, and S G Eakins (Addision)

Financial Markets and Institutions

by Jeff Madura ( Thompson)

Financial Institutions and Markets

, by L. M.

Bhole

(TMH)

Indian Financial System

- M.Y.Khan (TMH)

Indian Financial Markets

by Ajay Shah, Susan Thomas and Michael Gorham- ( Elsevier)

c) Other References:

Report on Trend and Progress of Banking in India

( Latest Issue)

Report on Currency and Finance- Reserve Bank of India

Annual Report- Reserve Bank of India

d) Financial Website :

Business Standard :

www.business-standard.com

The Live Mint :

www.livemint.com

www.bis.org:

The Bank for International Settlements (BIS) is an international o rganisation which fosters international monetary and financial cooperation and serves as a bank for central banks.

www.rbi.org.in/Scripts/financialmarketswatch

Reserve bank of India..Financial Market Watch

http://www.fimmda.org/ :

Fixed Income Money Market and Derivatives Association of India

http://www.ccilindia.com/OMHome.aspx

: Clearing Corporation of India Ltd.

www.amfiindia.com

Association of Mutual Funds in India

4.) Tentative Session Plan:

Financial Markets

SessionTopics Covered

1-2· Categories of Financial Institutions

· Saving and Investment in the National Income Accounts
· The Market For Loan able Funds & Equilibrium Rate of Interest, Fisher effect, Term Structure of Interest Rate & Yield curve
· Asymmetry of Information, Moral Hazard and Adverse Selection
· The Nature and role of Financial Institutions
· Types and classification of Financial Markets

2-10Financial markets

· Money Market
· Bond Market
· G-Sec Market
· Equity Market
· Mutual funds

11-14· International Financial market

· Global Markets- Domestic & Offshore
· Market Infrastructure
· Market Practices- Rate Quotation & Value dates
· Exchange Arithmetic
· International Bond Market & Innovations
· ADR,GDR,FLOATERS etc.
· FII & FDI
·

5. Evaluation Pattern including both modules:

Components	Weights (%)
Quiz	20%
Projects	30%
End Term ( On Entire Module I)	40%
Class Participation ( 5% on Module I and 5% on Module II)	10%

6. Class Participation (CP):

Class-participation is an integral component of the learning process. This could be comprised of attendance, response and overall positive demeanor in class. Your active participation in class is necessary, both for you and for your classmates. Your participation score will reflect the faculty’s assessment of your attendance, your contributions to class discussions, and your overall positive demeanor during class.

7. Code of Ethics

For individual quizzes/End term, it is unethical to seek any direct help from others, whether or not you finally make use of the help. Discussions among individuals either in class-room or in the examination hall are completely forbidden. Those who will be identified disturbing in the class will be asked to leave the class immediately. The Case Study should be totally in the group/individual’s own style and language, and should reflect group/individual understanding. Any form of copying from one another or from any outside source is forbidden. Any unfair means while writing the term Paper will be easily identified, and the respective group will be penalized in terms of lower score. No one is allowed to come to the class after the scheduled start time.

8. Feedback

The faculties would also request you to give continuous feedback for improvement of the course. You may form a “focus group” (consisting of 6-7 students from the class with diverse backgrounds including the CR) that continuously interacts with the other students and informs about their problems, if any, with the course.

Created By: Alora Kar on 09/30/2015 at 09:50 AM
Category: MBA EX-15-T-III Doctype: Document

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