CHOICE OF GENERIC ELECTIVE
PAPER FOR SEMESTER I and
SEMESTER II
25th July, 2016
DEPARTMENT OF COMMERCE DAULAT RAM COLLEGE
CHOOSING COMMERCE
AS GE OPTION
2
SEMESTER SUBJECT
I Micro Economics
I Insurance & Risk Management
II Macro Economics
II Investing in Stock Markets
SUBJECTS YOU WILL STUDY
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4
SEMESTER I: MICRO ECONOMICS
Why study Micro Economics?
Scarcity is a fact of life
Never enough time, money, energy….
Economics is the study of how people make choices, including
How people decide how much to work, save, spend & what to buy
How firms decide how much to produce, how many workers to hire
Unit 1: Consumer Behavior & Elasticity of Demand
Unit 2: Production & Cost
Unit 3: Perfect Competition
Unit 4: Monopoly
Unit 5: Imperfect Competition
SYLLABUS
5
If you have not studied economics before, this
paper can help you to build a strong foundation
of economics.
If you have studied economics, this paper can
help you revise the basics and add to your
existing knowledge
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TOPICS COVERED • Basic Demand & Supply
• Ordinal Utility analysis of Consumer Behavior
• Consumer Surplus
• Revealed Preference Theory
Unit 1
• Total Average & Marginal Product Curves
• Stages of Production
• Cost of Production
• Economies & Diseconomies of Scale
Unit 2
• Equilibrium of firm & Industry in Short run
• Supply Curve of firm & industry
• Producers’ Surplus
• Welfare Effects of Excise Tax
Unit 3
• Measurement of Monopoly power
• Comparison of pure competition & monopoly
• Social Costs of Monopoly power
• Degree of Price Discrimination
Unit 4 • Monopolistic Competition
• Oligopoly, Duopoly
• Dominant Firm Price leadership
• Centralized Cartels
• Prisoners’ Dilemma
Unit 5
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What you
learn
Understanding how markets work
Better Decision Making
Study of Consumer Behaviour
Relationship between factors of
production
Demand & Supply
Relationship
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APPLICATIONS OF MICRO ECONOMICS
Everything has an Opportunity Cost !!!
SEMESTER I: INSURANCE & RISK MANAGEMENT
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FIRST LET US UNDERSTAND THE TERMS
RISK AND INSURANCE
Risk is the uncertainty about a situation’s outcome- may be an unpredictable event
which leads to loss or damage
Insurance is an arrangement between an individual
(consumer) and an insurer (insurance company) to protect the individual
against risk
WHAT WILL YOU LEARN FROM THIS
PAPER
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THIS PAPER WILL HELP
YOU UNDERSTAND
VARIOUS TYPES OF RISKS
PRESENT IN OUR LIVES
INSURANCE POLICIES
AVAILABLE FOR DIFFERENT TYPES
OF RISKS
HOW AND WHERE TO USE
INSURANCE AS RISK
MANAGEMENT TOOL HOW TO USE
INSURANCE AS INVESTMENT
NEED OF INSURANCE IN
OUR LIFE
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WHY THERE IS A NEED OF INSURANCE IN
OUR LIFE?
Every activity of a person involves risk, e.g. driving a
car involves a risk of accident, risk of theft, risk of
losing a job, risk of fire etc.
Risk is prevalent everywhere in our personal as well as
professional life.
TO COVER THESE RISKS
WE NEED INSURANCE
Unit 1 : Risk and Risk Management : Concept of Risk, Types of
Risk, Evaluation and Measurement of Risk, Disaster Risk
Management, Risk Retention and Risk Transfer
Unit 2: Insurance : Concept of Insurance, Need for Insurance,
Globalization of Insurance Sector, Reinsurance, Coinsurance etc.
Unit 3: Insurance Contracts & Types of Insurance: Nature of
Insurance Contract, its Features, various types of Insurance (Fire,
Motor, Health, Marine etc.)
Unit 4: Regulatory Framework of Insurance: Power and Functions
of IRDA, Computation of Insurance Premium
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SYLLABUS
1. Prepares students for potential employment in insurance industry
2. Enhance their knowledge to work as financial analyst
3. Develops strong critical thinking and analytical skills for managing organizational risk
4. Helps in clearing Insurance Certification conducted by Banks and PSUs
5. Can be recruited as professionals for Investigation of the claims
BENEFITS FROM OPTING THIS PAPER
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GE Orientation on 29-03-2016 15
SMESTER II: MACRO ECONOMICS
Why study Macro Economics?
Macro Economics is the branch of
economics that deals with the whole
economy and the big picture…
It helps in:
achieving the goal of economic
growth, a higher GDP level, and
higher level of employment.
solving economic problems like
poverty, unemployment, inflation,
deflation
formulation of correct economic
policies .
Unit 1: Introduction
Unit 2: Economy in the Short Run
Unit 3: Inflation,Unemployment and
Labour Market
Unit 4: Open Economy
Unit 5: Behavioural Foundation
SYLLABUS
16
If you have not studied economics before, this
paper can help you to build a strong foundation
of economics.
If you have studied economics, this paper can
help you revise the basics and add to your
existing knowledge
GE Orientation on 29-03-2016 17
TOPICS COVERED • Income and Expenditure
• Circular flow of income
• Consumption ,saving and investment
• Determination of Equillibrium
Unit 1
• Fiscal and Monetary Policy
• Aggregate demand and supply Analysis
• Economy in Short run IS-LM framework
Unit 2
• Inflation: Causes and effects
• Unemployment:
• Trade off between Inflation and Unemployment: Philips curve
Unit 3 • Saving and Investment in small and large open
economy
• Exchange Rate: Fixed and Flexible
• Interest Rate Determination
• Balance of Payments
Unit 4
• Determinants of Investment: Business ,Residential ,Inventory Investment
• Demand of Money: Portfolio and Transaction Theory
• Supply of Money
Unit 5
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APPLICATIONS OF MACRO ECONOMICS
MACRO Economics enables us to have an overview of
national economic scenario.
What you will learn from this
paper? To understand the fundamentals of
stock market.
Types of Securities and Investment
options.
Risk and Return Analysis.
Buying and Selling decisions.
How to minimize the Risk.
Role of Regulatory Authorities ( SEBI,
IRDA etc.)
SEMESTER II: INVESTING IN STOCK
MARKETS
GE Orientation on 29-03-2016 19
GE Orientation on 29-03-2016 20
Why study Investing In Stock Markets ?
Studying “investing in Stock Markets” provides the basic skills to operates in the stock Markets and the ways of investing in it.
It will enable to take the decisions relating to investment in stock markets
It will also helps in analyzing the risk inherent in the securities.
Unit 1: Investing Fundamentals : Types of Investments, Trading of
Securities and Stocks Exchanges In India
Unit 2: Stock Analysis and Valuation : Comparative Analysis of
Companies and Stock Valuation.
Unit 3: Investing in Mutual Funds : Types of Mutual Funds and
Valuation of Mutual Funds.
Unit 4: Understanding Derivatives : Types of Derivatives : Futures
and options (put and call options). Commodity and Currency
Derivatives and its trading.
SYLLABUS
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GE Orientation on 29-03-2016 22
APPLICATIONS
SEMESTER SUBJECT
III Project Management
IV Economics of Regulation
SUBJECTS YOU WILL STUDY
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If you opt for Commerce as Generic Elective in all 4 Semesters,
you become eligible to do Masters in Commerce (M.Com)
Both subjects offered are very contemporary
and relevant to real world.
Commerce is a strong complementary choice
for students of Economics, Maths, Political
Science, Psychology and other aspiring
managers, entrepreneurs and policy makers.
WHY COMMERCE GENERIC ELECTIVE?
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THANK YOU!!!!
QUESTIONS ???
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