XIM University
Bhubaneswar, Odisha, INDIA.
Course Outlines- New Format
Course Name
Managerial Economics – II
Programme
Bachelor of Business Management (BBM)
Batch/AY
2022-2025/2023-24 (Sec. A & B)
Term
Semester IV
Credits
6 (50 Lecture Sessions + 10 Tutorial Sessions of 1 hour each)
Course Instructor
Prof. (Dr.) D N Panigrahi
1. Course Introduction and Objectives
a)
What is the course all about?
Managerial economics (aka Business economics)-II is the application of economic analysis to
managerial decision making and problem solving in business organisations: be it in private,
public, and not-for-profit sectors. This course is an introductory course on managerial economics
which will provide an overview of macroeconomic issues of the domestic national economy as
well as global economy which will impact the business environment of the firms, industries as
well as the markets and the society. This course builds on the microeconomic principles studied
in the Managerial economics-I course.
Macroeconomic events act as fundamental forces and sources of changes for the business
environments of firms, industries in which they operate as well as for the markets (goods
markets, factor markets and financial markets) and the society. Understanding these changes is a
critical success factor for the business managers in formulating appropriate corporate strategies
to follow. This course introduces the students to the principles of macroeconomics with a
business and managerial perspective. The purpose of this course is to provide students with a
thorough understanding of core concepts and methods/models of macroeconomics.
Macroeconomics studies the aggregate behaviour of the economy: analysis of the economy as a
whole. This course provides an introduction to the economic analysis of key macroeconomic
variables such as measurement and determination of aggregate demand and aggregate supply,
national income (GDP/GNP), output, inflation, and unemployment/employment, interest rates
and exchange rates. Other topics include international trade and capital flows, balance of
payment, economic growth, causes and implications of twin deficits, the financial system, short
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term economic fluctuations, unequal distribution of income, business cycles, and fiscal policy
and monetary policy etc.
b) What position in the academia and practice it has?
Managerial Economics is one of the most important and useful courses in the curriculum
of business management studies. It will provide the student managers with a foundation for
studying other courses in finance, marketing, operations research, and managerial accounting. It
will also provide the students with a theoretical framework for tying together courses in the
entire curriculum so they can have a cross-functional view of their studies.
c) Why is it an important course?
Contrary to the beliefs of many, managerial economics differs significantly from pure
micro- or macro-economics: the focus of analysis is different. The focus in pure micro- and
macro-economics is on theoretical concepts and models in general. In managerial economics, the
focus is on business issues, applications and managerial behaviour. Managerial economics
prescribes behaviour, whereas pure micro- and macroeconomics describes the environment. This
focus on business issues and managerial behaviour provides powerful tools and frameworks to
guide managers to better decisions and solutions to problems. These tools allow managers to
better identify the consequences of alternative courses of action.
d) How is it going to help the managers?
Managerial economics plays two important roles in preparing students for managerial
life. Concepts we will discuss in this course are found in other functional business courses like
accounting, finance, strategy, operations, and marketing. The better student managers understand
these concepts we discuss, the easier will be their understanding of them when they arise in other
business courses. And because managerial economics recognises the complexity of the
managerial world, it is arguably the most integrative of the functional business courses. This
helps students learn the integrative mind-set that is essential for good management, and it also
gets them to think past the short-term mentality and consider the long-term consequences.
2. Course Content/Structure
The course is broken down into 4 learning modules as follows:
Module A THE MACROECONOMIC ENVIRONMENT
The aim of this module is to provide students with an introduction to macroeconomic
environment facing the business firms and industries.
At the end of this module students will be able to:
• Understand the macroeconomic environment of the business.
• Understand what is meant by the balance of payments and how exchange rates are
determined.
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•
•
Understand the role of money and interest rates in the economy.
Understand what determines the level of business activity and how it affects
unemployment and inflation.
Following four topics/chapters will be covered.
#1. The macroeconomic environment of business
#2. The balance of payments and exchange rates
#3. The financial system, money and interest rates
#4. Business activity, unemployment and inflation
Module B MACROECONOMIC POLICY
The aim of this module is to equip students with the critical role of the government and the
central bank in managing the macroeconomic affairs of a country and how these policies impact
business firms and the industries. Specifically, it will cover the demand-side policy covering the
fiscal policy and the monetary policy as well as the supply-side problems and policies.
At the end of this module students will be able to:
• Understand how macroeconomic demand-side policies impact on businesses.
• Understand how supply-side policies impact on businesses.
Following three topics/chapters will be covered.
#5. Demand-side policy
#6. Supply-side policy
#7. International economic policy
Module C BUSINESS IN THE INTERNATIONAL ENVIRONMENT
The aim of this module is to give the students an understanding of the globalisation of the
business environment in an open economy, the challenges & opportunities of a globalized
economy and a feel of the global trading environment including financing of international trade.
At the end of this module students will be able to:
• Understand globalisation and multinational business.
• Understand the importance of international trade ant its financing mechanism.
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Following two topics/chapters will be covered.
#8. Globalisation, the multinational business and the global trading environment
#9. International trade finance
Module D RESEARCH ACTIVITY
The aim of this module is to bring all the aspects of the course together.
At the end of this module students will be able to:
• Apply the knowledge learned during the course to a business or a business issue of
their choice.
All topics from Module A-C will be included. Students will be able to use the integrative case
study provided with every module as a template for their own research. The assessment will be
based around this research.
3. Course Learning Outcomes (CLO)
CLO 1: Understand and explain the macroeconomic environment of the business.
CLO 2: Understand and explain what is meant by the balance of payments and how exchange
rates are determined.
CLO 3: Understand and explain the role of money and interest rates in the economy.
CLO4: Understand and explain what determines the level of business activity and how it affects
unemployment and inflation.
CLO5: Understand and explain how macroeconomic demand-side policies impact on businesses.
CLO6: Understand and explain how supply-side policies impact on businesses.
CLO7: Understand globalisation and multinational business.
CLO8: Understand and explain the importance of international trade in the economic
development of a country and its financing mechanism.
4. COURSE PRE-REQUISITES
This course assumes knowledge of basic mathematics like elementary algebra, calculus, graphs
and elementary statistics.
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5. Reading and References
5A. Recommended Textbook:
Mankiw, N. Gregory, Principles of Macroeconomics, (2018, 8e), Cengage.
5B. Reference Books:
1. Sloman, John et al, Economics for Business, (2023, 9e), Pearson.
2. Farnham, Paul G., Economics for Managers, (2014, 3e), Pearson.
3. Mankiw, N. Gregory, Principles of Economics, (8e), Cengage.
4. Krugman, Paul et al, Macro Economics, (2014, 3e), Worth Publishers.
5. Samuelson, Paul A. et al, Economics, (2010, 19e), McGraw-Hill.
6. Mishkin, F.S., Macroeconomics: Policy & Practice, (2015, 2e), Pearson.
7. Dornbusch, R., Fischer, S. et al, Macroeconomics, (2011, 11e), McGraw-Hill.
Lecture notes will be provided for each topic.
5C. Business Dailies/Journals/E-resources/databases:
Apart from the recommended text and further readings and lecture notes, students are advised to
read business dailies like Economic Times, Business Standard, Business Line and Financial
Express.
6. Pedagogy and Students Workload
The pedagogy will include a judicious mix of delivery methods like lectures, business
case studies, and projects, etc. We will adopt a “problem-solving oriented pedagogy” for this
course rather than a “model-based pedagogy”. Each topic begins with a business problem and
then gives students enough inputs to understand the cause of the problem, identify and assess
alternative solutions and finally decide the optimal solution.
Students are expected to read through the t e x t b o o k a n d s t u d y materials given to
them before the lecture session and actively participate in class discussion.
Students are expected to devote around four hours of preparations time in a week and a
total of about 60 hours of study & preparations time for the subject during the semester
apart from the lecture sessions.
Students should feel free to ask any doubts inside the class as well as outside.
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7. DAILY SESSION PLAN: SESSION No./TOPICS/CLO MAPPED/SESSION
COVERAGE & LEARNINGS/PRE-LECTURE READNGS/ ASSIGNMENTS
Session 01-02: Module A THE MACROECONOMIC ENVIRONMENT: CLO X
Topic: Macroeconomic Environment of Business
Session Coverage/Learnings:
Introduction to the macroeconomic environment. The key macroeconomic objectives.
Macroeconomics & Economic Statistics,
Readings: Chapter 26, Sloman, John et al, Economics for Business. Lecture Notes.
Assignment(s):
Session 03-06 : Module A THE MACROECONOMIC ENVIRONMENT: CLO X
Topic: Macroeconomic Environment of Business
Session Coverage/Learnings:
The Circular Flow of Income. Measuring national income and Output: One Destination and
Three Approaches. The Measurement of GDP, The Components of GDP, Real versus Nominal
GDP, Is GDP a Good Measure of Economic Well-Being?
Readings: Chapter 10, Mankiw, N. Gregory, Principles of Macroeconomics. Module 10 -12,
Krugman, Paul et al, Macro Economics. Chapter 26, Sloman, John et al, Economics for
Business. Lecture Notes.
Assignment(s):
Session 07 : TUTORIAL SESSION 1: For Doubt Clearing and Practical Business Case
Discussion
Session 08-09 : Module A THE MACROECONOMIC ENVIRONMENT: CLO X
Topic: Macroeconomic Environment of Business
Session Coverage/Learnings:
Measuring the Cost of Living & Inflation: CPI, WPI, GDP Deflator. Correcting or Adjusting
Economic Variables for the Effects of Inflation: Measuring Cashflows (Expenses, Salary etc.):
Real and Nominal Cashflows, Indexation, Measuring Interest Rates: Real and Nominal Interest
Rates. Measuring Unemployment
Readings: Chapter 11, Mankiw, N. Gregory, Principles of Macroeconomics. Chapter 2, Mishkin,
F S, Macroeconomics. Lecture Notes.
Assignment(s):
Session 10-11 : Module A THE MACROECONOMIC ENVIRONMENT: CLO X
Topic: Macroeconomic Environment of Business
Session Coverage/Learnings:
Economic volatility and the business cycle.
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Readings: Chapter 26, Sloman, John et al, Economics for Business. Chapter 8, Mishkin, F S,
Macroeconomics, Lecture Notes.
Assignment(s):
Session 12 : TUTORIAL SESSION 2: For Doubt Clearing and Practical Business Case
Discussion
Session 13-16 : Module A THE MACROECONOMIC ENVIRONMENT: CLO X
Topic: Macroeconomic Environment of Business
Session Coverage/Learnings:
Short-Run Economic Fluctuations: Three Key Facts about Economic Fluctuations: Fact 1:
Economic Fluctuations Are Irregular and Unpredictable, Fact 2: Most Macroeconomic
Quantities Fluctuate Together, Fact 3: As Output Falls, Unemployment Rises. Explaining
Short-Run Economic Fluctuations: The Assumptions of Classical Economics, The Reality of
Short-Run Fluctuations, The Model of Aggregate Demand and Aggregate Supply. The
Aggregate-Demand Curve: Why the Aggregate-Demand Curve Slopes Downward, Why the
Aggregate-Demand Curve Might Shift. The Aggregate-Supply Curve: Why the AggregateSupply Curve Is Vertical in the Long Run, Why the Long-Run Aggregate-Supply Curve Might
Shift, Using Aggregate Demand and Aggregate Supply to Depict Long-Run Growth and
Inflation, Why the Aggregate-Supply Curve Slopes Upward in the Short Run, Why the ShortRun Aggregate-Supply Curve Might Shift. Two Causes of Economic Fluctuations: The Effects
of a Shift in Aggregate Demand, The Effects of a Shift in Aggregate Supply.
Readings: Chapter 12, Mishkin, F S, Macroeconomics. Chapter 20, Mankiw, N. Gregory,
Principles of Macroeconomics. Lecture Notes.
Assignment(s):
Session 17 : TUTORIAL SESSION 3: For Doubt Clearing and Practical Business Case
Discussion
Session 18-21 : Module A THE MACROECONOMIC ENVIRONMENT: CLO X
Topic: Macroeconomic Environment of Business
Session Coverage/Learnings:
Basic Concepts: Unemployment and Inflation. The Classical Theory of Inflation, The Level of
Prices and the Value of Money, Money Supply, Money Demand, and Monetary Equilibrium,
The Effects of a Monetary Injection, A Brief Look at the Adjustment Process, The Classical
Dichotomy and Monetary Neutrality, Velocity and the Quantity Equation, The Fisher Effect, The
Costs of Inflation, A Fall in Purchasing Power? The Inflation Fallacy, A Special Cost of
Unexpected Inflation: Arbitrary Redistributions of Wealth, Inflation Is Bad, but Deflation May
Be Worse.
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Long-term economic growth: Economic Growth around the World, Productivity: Its Role and
Determinants, Why Productivity Is So Important, Are You Richer Than the Richest American?
How Productivity Is Determined? A Picture Is Worth a Thousand Statistics, FYI: The Production
Function, CASE STUDY: Are Natural Resources a Limit to Growth? Economic Growth and
Public Policy, Saving and Investment, Diminishing Returns and the Catch-Up Effect, Investment
from Abroad, Education, Health and Nutrition, Property Rights and Political Stability, Free
Trade, Research and Development, ASK THE EXPERTS: Innovation and Growth, IN THE
NEWS: Curmudgeon versus Optimist, Population Growth.
Readings: Chapter 26, Sloman, John et al, Economics for Business. Chapter 12, 15 & 17,
Mankiw, N. Gregory, Principles of Macroeconomics. Module 13-19, Krugman, Paul et al, Macro
Economics. Lecture Notes.
Assignment(s):
Session 22 : TUTORIAL SESSION 4: For Doubt Clearing and Practical Business Case
Discussion
Session 23-27 : Module A THE MACROECONOMIC ENVIRONMENT: CLO X
Topic: The balance of payments and exchange rates
Session Coverage/Learnings:
The International Flows of Trade/Goods and Capital: The balance of payments account, The
exchange rate, Exchange rates and the balance of payments, Fixed versus floating exchange
rates, Nominal and real exchange rates, Dealing in foreign exchange, The importance of
international financial movements.
A Macroeconomic Theory of the Open Economy: Supply and Demand for Loanable Funds
and for Foreign-Currency Exchange, The Market for Loanable Funds, The Market for ForeignCurrency Exchange, Purchasing-Power Parity as a Special Case, Equilibrium in the Open
Economy, Net Capital Outflow: The Link between the Two Markets, Simultaneous Equilibrium
in Two Markets, Disentangling Supply and Demand, How Policies and Events Affect an Open
Economy, Government Budget Deficits, Trade Policy, Political Instability and Capital Flight 406
IN THE NEWS: Is a Strong Currency Always in a Nation’s Interest? CASE STUDY: Capital
Flows from China, ASK THE EXPERTS: Currency Manipulation.
Readings: Chapter 27, Sloman, John et al, Economics for Business. Chapter 18-19, Mankiw, N.
Gregory, Principles of Macroeconomics. Lecture Notes.
Assignment(s):
Session 28 : TUTORIAL SESSION 5: For Doubt Clearing and Practical Business Case
Discussion
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Session 29-34 : Module A THE MACROECONOMIC ENVIRONMENT: CLO X
Topic: The financial system, money and interest rates
Session Coverage/Learnings:
Saving, Investment, Spending and the Financial System: Saving, Investment and Spending in
Closed and Open Economies. The meaning and functions of money, The financial system, The
supply of money, The demand for money, Equilibrium, Money, aggregate demand and inflation,
Financial intermediation, Growth of banks’ balance sheets, Residential mortgages and
securitization, Minsky’s financial instability hypothesis.
Saving and Investment in the National Income Accounts, Some Important Identities, The
Meaning of Saving and Investment, The Market for Loanable Funds, Supply and Demand for
Loanable Funds, Policy 1: Saving Incentives, Policy 2: Investment Incentives, Policy 3:
Government Budget Deficits and Surpluses, ASK THE EXPERTS: Fiscal Policy and Saving,
CASE STUDY: The History of U.S. Government Debt, FYI: Financial Crises.
The Basic Tools of Finance: Present Value: Measuring the Time Value of Money, FYI: The
Magic of Compounding and the Rule of 72, Managing Risk, Risk Aversion, The Markets for
Insurance, Diversification of Firm-Specific Risk, The Trade-off between Risk and Return, Asset
Valuation, Fundamental Analysis, The Efficient Markets Hypothesis, CASE STUDY: Random
Walks and Index Funds, ASK THE EXPERTS: Diversification, Market Irrationality,
Readings: Chapter 28, Sloman, John et al, Economics for Business. Chapter 13-14, Mankiw, N.
Gregory, Principles of Macroeconomics. Chapter 4, Mishkin, F S, Macroeconomics. Module 2023, Krugman, Paul et al, Macro Economics. Lecture Notes.
Assignment(s):
Session 35 : TUTORIAL SESSION 6: For Doubt Clearing and Practical Business Case
Discussion
Session 36-39 : Module A THE MACROECONOMIC ENVIRONMENT: CLO X
Topic: Business activity, unemployment and inflation
Session Coverage/Learnings:
The simple Keynesian model of business activity, Alternative perspectives on aggregate supply,
Output, unemployment and inflation, Inflation rate targeting and unemployment, The volatility
of private-sector spending, Short-run aggregate supply, The accelerationist hypothesis,
Confidence and spending.
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The Short-Run Trade-off between Inflation and Unemployment: The Phillips Curve,
Origins of the Phillips Curve, Aggregate Demand, Aggregate Supply, and the Phillips Curve,
Shifts in the Phillips Curve: The Role of Expectations, The Long-Run Phillips Curve, The
Meaning of “Natural”, Reconciling Theory and Evidence, The Short-Run Phillips Curve, The
Natural Experiment for the Natural-Rate Hypothesis. Shifts in the Phillips Curve: The Role of
Supply Shocks, The Cost of Reducing Inflation, The Sacrifice Ratio, Rational Expectations and
the Possibility of Costless Disinflation, The Volcker Disinflation, The Greenspan Era, A
Financial Crisis Takes Us for a Ride along the Phillips Curve,
Readings: Chapter 29, Sloman, John et al, Economics for Business. Chapter 15, 17 & 22,
Mankiw, N. Gregory, Principles of Macroeconomics. Lecture Notes.
Assignment(s):
Session 40 : TUTORIAL SESSION 7: For Doubt Clearing and Practical Business Case
Discussion
Session 41-44 : Module B MACROECONOMIC POLICY: CLO X
Topic: Demand-side Policy
Session Coverage/Learnings:
Fiscal policy and the public finances, The use of fiscal policy, Monetary policy, Attitudes
towards demand management, The fiscal impulse, The evolving fiscal frameworks in INDIA,
The evolving monetary policy framework in INDIA. Quantitative easing, Fiscal & Monetary
stimulus during recession,
How Monetary Policy Influences Aggregate Demand, The Theory of Liquidity Preference, The
Downward Slope of the Aggregate-Demand Curve, FYI: Interest Rates in the Long Run and the
Short Run, Changes in the Money Supply, The Role of Interest-Rate Targets in Fed Policy,
CASE STUDY: Why the Fed Watches the Stock Market (and Vice Versa), The Zero Lower
Bound,
How Fiscal Policy Influences Aggregate Demand, Changes in Government Purchases, The
Multiplier Effect, A Formula for the Spending Multiplier, Other Applications of the Multiplier
Effect, The Crowding-Out Effect, Changes in Taxes, FYI: How Fiscal Policy Might Affect
Aggregate Supply.
Using Policy to Stabilise the Economy, The Case for Active Stabilisation Policy, IN THE
NEWS: How Large Is the Fiscal Policy Multiplier? CASE STUDY: Keynesians in the White
House, ASK THE EXPERTS: Economic Stimulus, The Case against Active Stabilisation Policy,
Automatic Stabilizers,
Readings: Chapter 30, Sloman, John et al, Economics for Business. Chapter 21, Mankiw, N.
Gregory, Principles of Macroeconomics. Lecture Notes.
Assignment(s):
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Session 45 : TUTORIAL SESSION 8: For Doubt Clearing and Practical Business Case
Discussion
Session 46-47 : Module B MACROECONOMIC POLICY: CLO X
Topic: Supply-side Policy
Session Coverage/Learnings:
Supply-side problems, Market-orientated supply-side policies, Interventionist supply-side
policies, Regional policy, Measuring labour productivity, Getting intensive with capital,
Apprenticeships and the economic arguments for intervention
Readings: Chapter 31, Sloman, John et al, Economics for Business. Chapter 13, Mankiw, N.
Gregory, Principles of Microeconomics. Chapter 9 & 11, Mankiw, N. Gregory, Business
Economics. Lecture Notes.
Assignment(s):
Session 48 : Module B MACROECONOMIC POLICY: CLO X
Topic: International economic policy
Session Coverage/Learnings:
Global interdependence, International harmonisation of economic policies, European economic
and monetary union, Alternative policies for achieving currency stability, Trade imbalances in
the USA and China, Optimal currency areas, The Tobin tax.
Readings: Chapter 32, Sloman, John et al, Economics for Business. Lecture Notes.
Assignment(s):
Session 49-52 : Module C BUSINESS IN THE INTERNATIONAL ENVIRONMENT
Topic: Globalisation, the multinational business and the global trading environment
Session Coverage/Learnings:
Globalisation and multinational business: Globalisation: setting the scene, What is a
multinational corporation? Trends in multinational investment, Why do businesses go
multinational? The advantages of MNC investment for the host state, The disadvantages of MNC
investment for the host state, Multinational corporations and developing economies, M&As and
greenfield FDI, Attracting foreign investment.
The global trading environment: International trade, Trading patterns, The advantages of trade,
Trade restrictions and Arguments for restricting trade, The world trading system and the WTO,
The European Union and the single market, Brexit, The changing face of comparative advantage.
Strategic trade theory, Giving trade a bad name, Beyond bananas, Preferential trading, In or out?
Readings: Chapter 23 & 24, Sloman, John et al, Economics for Business. Lecture Notes.
Assignment(s):
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Session 53 : TUTORIAL SESSION 9: For Doubt Clearing and Practical Business Case
Discussion
Session 54-57 : Module C BUSINESS IN THE INTERNATIONAL ENVIRONMENT
Topic: International Trade Finance
Session Coverage/Learnings:
Risks and Rewards of International Trade, Financing Mechanism and Instruments of
International Trade Finance, Bank Guarantee & Letter of Credit: Life Blood of International
Commerce.
Readings: Chapter 7, Sloman, John et al, Economics for Business. Chapter 8, Mankiw, N.
Gregory, Business Economics. Lecture Notes.
Assignment(s): (1) HBS/IVEY Case Study on Risks of International Trade
(2) HBS/IVEY Case Study on Letter of Credit
Session 58 : TUTORIAL SESSION 10: For Doubt Clearing and Practical Business Case
Discussion
Session 59-60 : Group Project Presentations
Session XX-XX : RESEARCH ACTIVITY: CLO X
Session Coverage/Learnings:
Students should apply the knowledge learned during the course to a business of their choice. All
topics learned from the course will be included. Students will be able to use the integrative case
study provided with every module as a template for their own research. The assessment will be
based around this research.
8. Assessment Scheme
Component
Weightage (%)
Assessment of Course Learning
Outcome(s) (CLO)
Quizzes (4 Nos.: 2 Pre-Mid
term and 2 Post-Mid term) –
Simple average of 4 quizzes
will be computed
Mid-term Examination (MT)
20%
CLO 1 to 8
20%
CLO 1 to 4
Group Project (GP)
10%
Class Activity & Participation 10%
(CAP)
End-Term Examination (ET) 40%
CLO 1 to 8
CLO 1 to 8
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CLO 1 to 8
9. Group Projects
The students will form 12-14 groups. Each group will conduct a group research project on one
topic allotted by the faculty.
In all these group research projects, students are expected to apply the concepts learned in the
course. They should define/develop the research problem, research questions and present their
findings from the study.
The last date for submission of project report is March-01-2024. Each group has to make a
power point presentation of the project report (max 15 slides in 15 minutes) to the class in
the presence of the faculty.
10. Academic Discipline and Integrity
Academic integrity and honesty are critical values in upholding XIM University's reputation as a
community of scholars and its claim to the "intellectual property" created by faculty and
students. As a student of XIM University, you are committed to the Academic Honour Code.
Cheating, dishonesty and plagiarism will not be tolerated in any part of their academic work
including projects, presentations, assignments etc. You will face strict disciplinary action if you
risk yourself in such attempts.
11A. Exams: The exam questions will normally consist of MCQs, objective questions
[concept checking questions (CCQs)] requiring answers in not exceeding 2 sentences, shortanswer questions [critical thinking questions (CTQs)] requiring answers in not exceeding 5
sentences by providing arguments/equations/graphs etc. and numerical (computational)
questions. The midterm will cover only materials taught in class up to that point in the term,
while the final exam will ask questions on the entire course materials with more emphasis on
topics covered after the midterm exam.
All the exams excluding quizzes (class tests) are closed-book – pen and paper based.
11B. Class Participation: The emphasis in this course is on the application of concepts
and analytical techniques to real life situations in bank lending, with the expectation to bring a
new level of analytical depth to this fast-growing and challenging field. Class participation
includes such aspects as your ability to answer specific questions in class, your willingness to
initiate discussion and your ability to identify, initiate, sustain, contribute to critique, analyse
and discuss the issues raised in the cases/papers. Quality and quantity both counts towards
“Class participation” with the former being weighted more. Class participation, admittedly, is
subjective and is based entirely on the faculty’s assessment only.
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12. EXPECTATIONS FROM STUDENTS
Students must go through the pre-class preparations/reading materials, complete the assignments,
if any and come well prepared for the class. Anyone who has not read the article/case/assigned
chapters beforehand will find it difficult to participate in the discussion and so will Not be
allowed to sit in the class. For this reason, class time is critical. Class room sessions should be
used for discussion on real life examples/cases/applications rather than for explanation of basic
theory. Post-reading assigned materials or otherwise specific queries/doubts can be raised.
Students are supposed to read/access materials beyond those of books, through online mode,
print and electronic media. Students are expected to display professional conduct in the class and
be punctual and sincere in all the activities.
✓ Late comers are not permitted to enter the class.
13. Mapping Course Leaning Outcomes (CLO) with the Program Learning Goals (PLG)
PLG#
PLG1
PLG2
PLG3
PLG4
PLG5
Program
Learning Goal
Trait
Addressed by Course
Yes
No
The students will demonstrate Yes
Functional
and understanding of elements of all
functional areas
Business Skills
The students will use analytical yes
techniques to identify a business
problem, and suggest a solution
Analytical Skills
Collaboration and The students will exhibit voluntary
No
teamwork
cooperation and effective teamwork
attributes
in a group setting
The students will understand the Yes
ethical complexities of conducting
business. The students will adopt
techniques in scenarios involving
ethical
dilemma
and
offer
Ethical
resolution
responsibility
Communication
The
students
will
produce
No
reasonably good quality business
documents. The students will
become effective and confident
communicators
&&&&&&&&&&&&&& The End &&&&&&&&&&&&&&&
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