Fundamentals of Economics and Financial Markets

By Prof. Parul Jain, Prof. Anand Singh, Prof. Mayank Kumar Singh | DAV PG College, DAV PG College, DAV PG College

Learners enrolled: 606 | Exam registration: 8

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.

Summary

Course Status :	Ongoing
Course Type :	Elective
Language for course content :	English
Duration :	12 weeks
Category :	Multidisciplinary
Credit Points :	3
Level :	Undergraduate/Postgraduate
Start Date :	20 Jan 2025
End Date :	11 Apr 2025
Enrollment Ends :	03 Feb 2025
Exam Registration Ends :	14 Feb 2025
Exam Date :	25 Apr 2025 IST

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1:

Function & Relation

Meaning of Hypothesis & Hypothesis Testing

Concept of Probability

Concept of Errors & Its Types

Stochastic & Non-Stochastic Phenomenon

Week 2:

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

Week 3:

Meaning & Definition of Financial System

Components of Financial System

Concept of Financial Assets

Concept of Financial Services

Week 4:

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 5:

Commercial Banks-Meaning and Functions

Process of Credit Creation

Central Bank-Functions & methods of credit control

Week 6:

Meaning & Functions of NIM

Pricing of Securities

Public Issues: Meaning & SEBI Guidelines

Rights Issues: Meaning & SEBI Guidelines

Private Placements: Meaning & SEBI Guidelines

Week 7:

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

Week 8:

Meaning & Features of Old Stock Exchanges

Organization of Stock Exchanges in India

Functions of Stock Markets

Defects of Indian Stock Markets

Week 9:

A brief account of Keynesian theory of employment

Keynes’s Psychological Law of Consumption

Theories of Consumption- Absolute, Relative, Life Cycle and Permanent

Week 10:

Listing of Securities

Dematerialization of Securities

NSE: Functioning & its Trading Pattern

BSE: Functioning & its Trading Pattern

OTCEI: Functioning & its Trading

Week 11:

Concept of Public Goods and Private goods

Tax System-types, ability-to-pay approach

Incidence and shifting of tax

Tax avoidance and tax evasion

Week 12:

Meaning and Types of Public Expenditure

Theories of Public Expenditure – Wagner, Wiseman-Peacock Hypothesis

Public Debt-Types and its Redemption

Books and references

1. The Indian Financial System: Markets, Institutions And Services,Author: Bharati V. Pathak, Publisher: Pearson (2012)

2. Financial Institutions And Markets: Structure, Growth & Innovation, Author: LM Bhole, Jitendra Mahakud,Publisher: McGrawHill (2018)

3. Financial Markets & Services, Author: Dr. L. Natarajan, Publisher: Margham Publication

4. Introduction to Financial Markets, Author: Suman Batra, Publisher: Orange House Pvt Ltd.

5. Hindriks, J., Myles, G. (2013). Intermediate Public Economics, 2nd ed. MIT Press.

6. Bagchi, Amaresh (2005); Readings in Taxation, Oxford Press

7. Shekhar & Shekhar, (1998): Banking Theory & Practice, Vikash Publishing House Pvt. Ltd.

8. Branson William (2006): Macroeconomics: Theory and Policy, AITBS

9. Rana,K.C. & Verma K.N: Macro Economic Analysis, Vishal Publishing House

Instructor bio

Prof. Parul Jain

DAV PG College

Dr. Parul Jain is currently working as Assistant Professor at Department of Economics, DAV PG College, Varanasi.( affiliated to Banaras Hindu University) . She has obtained her Ph. D from the Department of Economics, BHU. She has published more than 30 papers in leading national and International journals which include INTERTAX, Asia Pacific Tax Bulletin, Indian Journal Of Public Administration, Indian Economic Journal, etc. She has two books and has four chapters published to her credit . Two Research Projects (one from ICSSR entitled Four Years of Goods and Services Tax: The Road Ahead and other from Gandhian Centre , DAV PG College on the topic of “Analyzing the Economic Impact of Rejuvenation of Kashi Vishwanath Dham” has been conducted by her. Her area of teaching and research include Public Economics, Public Finance and Macroeconomics. She has an experience of over 15 years in the field of academics. She is life member of Indian Economic Association, Uttar Pradesh Uttarakhand Economic Association (UPUEA) and Bhartiya Arthik Sodh Sansthan. Along with academics, she has been coordinator IQAC and member of various committees like fixation of 7 th CPC, Finance Committee, Grievance Cell, etc of the college.

Prof. Anand Singh

DAV PG College

Dr. Anand Singh is currently working as Assistant Professor at Department of Commerce, DAV PG College, Varanasi. He obtained his Ph. D from the Faculty of Commerce, BHU. He has published more than 30 papers in leading national and International journals which include Indian Journal of Finance, Professional Banker, ICFAI reader, etc He has undertaken an ICSSR funded project entitled “A study on impact of recent mergers on financial performance of commercial bank of India”. His area of teaching and research include financial markets & institutions and banking. He has an experience of over 13 years in the field of academics. He has been member of All India Commerce Conference and Hermeneutics

Prof. Mayank Kumar Singh

DAV PG College

Dr. Mayank Kumar Singh is currently working as Associate Professor at Department of Economics, DAV PG College, Varanasi. He obtained his Ph. D from the Department of Economics, Faculty of Social sciences, BHU. He has published more than 20 papers in leading national and International journals which include Indian Journal of Economics, Journal of Economics – Ravindra Bharti University etc. His area of teaching and research include Mathematical Economics & Econometrics. He has an experience of over 13 years in the field of academics. He has been life member of Indian Economic Association & UPUEA.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.

The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).

Date and Time of Exams: April 25, 2025 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.

Registration url: Announcements will be made when the registration form is open for registrations.

The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.

Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

Please note that assignments encompass all types (including quizzes, programming tasks, and essay submissions) available in the specific week.

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of INI and BHU .

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- INI team