Syllabus for
Bachelor of Business Administration (Decision Science)
Academic Year  (2021)

The Undergraduate Programme in Bachelor of Business Administration in Decision Science (Industry Integrated) is offered by the School of Business and Management. The School believes in developing socially responsible business leaders with the spirit of inquiry through academic and industry engagement. The program is designed based on the UGC Guidelines for Higher Education institutions to offer an Apprenticeship/Internship embedded Degree Programme released in July 2020 to promote employability and active linkage between the higher education system and industry, non-commercial and commercial enterprises/organizations.

This program allows students to learn from the University and train as apprentices at Mu Sigma (a decision science company) simultaneously. This will be a three-year program with six semesters. The curriculum is jointly designed and delivered by CHRIST School of Business and Management and Mu Sigma. The students will be trained for 3 days at the company premises and 3 days at the School of Business and Management from their second semester onwards.

At the end of the program, all the graduates of the program will be given employment offers by Mu Sigma.

Programme Outcome/Programme Learning Goals/Programme Learning Outcome:

PLG 2: Functional Knowledge and Application

PLG 3: Communication

PLG 4: Problem Solving

Programme Specific Outcome:

Programme Educational Objective:

PEO 2: Graduates exhibiting spirit of inquiry, innovation and ability to solve problems in dynamic business environment.

Examination and Assessments

 CIA: Continuous Internal Assessment

*Percentage of weight

MSE: Mid Semester Examination

ESE: End Semester Examination

ASSESSMENT PATTERN FOR SKILL ENHANCEMENT COURSES (SEC):

Semester 1 & 2:

·         6 Modules of 10 marks weight for each.

·         Total marks (60) to be converted to 100.

 Semester 3, 4, 5, & 6:

The Additional English course is offered as a second language course and seeks to introduce the students to the nuances of English literature in its varied forms and genres. The students who choose Additional English are generally proficient in the English language. Hence, instead of focusing on introducing them to language, challenging texts in terms of ideas, form, and technique are chosen. Additional English as a course is designed for students in place of a regional language. Non-Resident Indians (NRIs), foreign nationals and students who have not taken Hindi, Kannada, Tamil or French at the Plus 2 or Class XII levels are eligible to choose Additional English. The course is taught for students from different streams, namely, BA, BSc, BCom, and BBA in the first year and for BA, BSc and BCom (Regular) in the second year.

The first year syllabus is an attempt by the Department of English, Christ University to recognize and bring together the polyphonic Indian and Indian sub-continental voices in English in English translation for the Additional English students of the first year. This effort aims to familiarize the students with regional literatures in translation, Indian Writing in English (IWE) and literatures from Pakistan, Nepal and Srilanka, thereby, enabling the students to learn more about Indian culture and ethos through writings from different regions of the country. We have tried to represent in some way or the other the corners of India and the Indian sub-continent in this microcosmic world of short stories, poems and essays

There is a prescribed text bookfor the first year students, compiled by the Department of English, Christ University and intended for private circulation.

The first semester has a variety of writing from India, Pakistan and Nepal. The various essays, short stories and poems deal with various socio-economic, cultural and political issues that are relevant to modern day India and the Indian sub-continent and will enable students to comprehend issues of identity-politics, caste, religion, class, and gender. All of the selections either in the manner of their writing, the themes they deal with or the ideologies that govern them are contemporary in relevance and sensibility, whether written by contemporary writers or earlier writers. An important addition to this syllabus is the preponderance of North-Eastern writing which was hitherto not well represented. Excerpts from interviews, autobiographical writings, sports and city narratives are added to this section to introduce students to the varied genres of literature.

The objectives of this course are

to expose students to the rich literary and cultural diversity of  Indian literatures

to sensitise students on the social, political, historical and cultural ethos that has shaped the nation- INDIA

to enable to grasp and appreciate the variety and abundance of Indian writing, of which this compilation is just a passing glance

to learn and appreciate India through association of ideas in the texts and the external contexts (BhashaUtsav will be an intrinsic help in this endeavour)

1.      Keki N Daruwala     “Migrations”

2.      Kamala Das            “Forest Fire”

3.      Agha Shahid Ali      “Snow on the Desert”

4.      Eunice D Souza       “Marriages are Made”

1.      Rabindranath Tagore    “Babus of Nayanjore”

2.      Ruskin Bond  “He said it with Arsenic”

3.      Bhisham Sahni       “The Boss Came to Dinner”

4.      N. Kunjamohan Singh    “The Taste of Hilsa”

5.      Mohan Thakuri                “Post Script”

1.      Mahatma Gandhi       “What is True Civilization?” (Excerpts from Hind Swaraj)

2.      Ela Bhatt                    “Organising for Change”

3.      Sitakant Mahapatra     “Beyond the Ego: New Values for a Global Neighborhood

4.      B R Ambedkar             “Waiting for A Visa”

The text book copy "Reading Diversity"

CIA 2: Mid-semester written exam for 50 marks

CIA 3: Collage, tableaus, skits, talk shows, documentaries, Quizzes or any proactive            creative assignments that might help students engage with India as a cultural space. This is to be done keeping in mind the objectives and learning outcomes of the course.

Question Paper Pattern

Mid Semester Exam: 2 hrs

Section A: 4x5= 20

Section B: 2x15=30

Total                  50

End Semester Exam: 2 hrs

Section A: 4 x 5 = 20

Section B: 2 x 15= 30

Total                   50

 The dynamic business environment compels managers to perform a challenging role in steering the organizations’ success to new heights. This comprehensive introductory course has been designed to provide valuable insights into the functions of modern-day managers. By tracing the historical evolution of management thought, it explores the basic concepts, principles and theories of management. It orients the learners towards basic understanding of managerial functions like planning, organizing, staffing, motivation, communication, controlling and supervision. By focusing on the contemporary challenges faced by organizations in recent years, it enables the proponents to cater to global needs and gather skills that ensures employability and sustainability in the corporate world.

Definition – nature, process and significance of management – Role of managers – Managerial Skills and Roles - Evolution of Management Thought: Classical Management Approaches, Behavioral Management Approaches, Quantitative Management Approach, Modern Management Approaches - Management as a Science or Art - Management as a profession- Administration and Management- Functions of Management – Functional Areas of Management. 

Planning - Nature and Importance of Planning- Types of Plans - Levels of Planning - Steps in planning - Making Effective Plans- Objectives and Management By Objective (MBO) –Management By Exception (MBE) - Policy and Strategy- Forecasting and Decision Making - Nature of decision making - Types of decisions – Decision Making Process – Rational Perspectives and Behavioral Aspects of decision making.

Organizing - Nature and purpose - Principles of Organization - Types of Organization - Organizational Structure and Design – Line, Staff and functional authority – Conflict between Line and Staff – Overcoming the Line-Staff Conflict. Departmentation - Span of control – Authority, Responsibility and Accountability - Principles of Delegation - Steps - Centralization Vs Decentralization – Factors determining the degree of Decentralization of authority.

Staffing - Nature and Purpose of staffing – Importance of staffing – Components of Staffing - Manpower planning - Recruitment and Selection - Training and Development - Performance Appraisal.

Directing – Nature of Directing function - Principles – Importance of Effective Direction – Motivating people at work – Early motivational theories, Leadership and change - Effective Communication skills for directing – Barriers of communication

Controlling - Concept, Nature and Importance - Essentials of Control - Requirements of an Effective Control System – Behavioral Implications of Control – Techniques of Managerial control - Co-ordination – Need for co-ordination – Types of Co-ordination - Techniques of Coordination - Cooperation. Supervision – Position of a supervisor – Qualities of good – Essential requirements of effective supervision.

Total quality management, Work force diversity, Globalization and innovation, Enterprise mobility, how to manage and control virtual teams, creating an ethical workplace.

Course Description: This course intends to introduce basic accounting principles and practices. It also deals with subsidiary books maintained in business organizations. The students will have knowledge about the fundamental accounting processes such as journalizing, ledger posting, preparation of trial balance and final accounts in sole trading business. It also deals with providing an overview of accounting standards and IFRS. This course will be useful for all those who are desirous of having an understanding and application of financial dynamics of the business and become successful financial managers/entrepreneurs. 

Course Objectives:

• To provide an understanding of application of various principles and practice of Accounting.
• To demonstrate the knowledge on the process of accounting cycle and basic steps involved in Accounting.
• To extend the knowledge of systematic maintenance of books of accounts to real life business.
• To estimate Annual Financial statements of Sole proprietorship form of business.
• To outline the need for Accounting standards and IFRS.

Meaning, Need for accounting, Internal and External users of accounting information, limitations of accounting, accounting Concepts and Conventions, Accounting Practices, Generally Accepted Accounting Principles.

Nature of Accounting, Accounting equation - Systems of Accounting, Process of Accounting transactions- types of Accounts, Rules of Accounting. Journal - Meaning, features, simple and compound entries, Including recording of GST transactions, Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and contingent liabilities, Preparation of ledgers and Trial balance.

Conceptual introduction to subsidiary books - Sales book, Sales return book, Purchases book, Purchase returns book, receivable book, payable book. Practical problems in Cash Book- Single column, double column, and three columnar cash book.

Need for reconciliation and preparation of bank reconciliation statement.

Need for rectification of errors, types of errors, process of rectification and accounting entries of rectification.

Preparation of Trading and Profit and Loss account and Balance Sheet of sole trading concerns.

Types of Accounting standards, Need for IFRS, Ind AS and IFRS.

This common core course helps students to think in the economic way of establishing a connection between unlimited wants and limited resources available to an individual, firm and the society.  It deals with the application of economic analysis in formulation of business decisions.  In this context, the course deals with demand, supply, pricing, theory of consumer choice, theories of production and market structures.

Ten Principles of Economics: How People Make Decisions - How people Interact - How the Economy as a Whole Works; Thinking Like an Economist - Role of Observations, Theory and Assumptions in Economics; Role of Economic models - The Circular Flow Diagram - Production Possibility Frontier - Opportunity Cost; Central Problems of an Economy; Microeconomics and Macroeconomics.

Markets and Competition; Demand - Law of Demand, Exceptions to the Law - Market Demand - Changes in Demand; Supply - Law of Supply, Exceptions to the Law - Market Supply - Changes in Supply; Equilibrium – Steps - Changes in Equilibrium.

Elasticity of Demand - Price Elasticity and Its Determinants - Methods of Measurement - Degrees of Price Elasticity - Total Revenue and Price elasticity; Income Elasticity Demand; Cross Elasticity Demand; Elasticity of Supply-Determinants - Measurement and Degrees.

Utility - Characteristics and Types - Cardinal and ordinal Utility analysis – Law of Diminishing Marginal utility; Budget Constraint; Indifference curves - Properties, Consumer’s equilibrium - Price Effect - Income Effect and Substitution Effect.

Consumers, Producers and the Efficiency of the Markets: Consumers surplus (Marshall) - Producer surplus and Market efficiency; Externalities and Market Inefficiency - Negative and Positive.

Production Function; Law of Variable Proportions; Law of returns, Economies of Scale; Iso-quants and Iso-cost lines. Cost Function - Important Cost Concepts; Short Run and Long Run Cost Analysis (traditional theory) - Modern theory of cost; Long Run and short Run Revenue analysis.

Market structure - Perfect Competition - Price and Output Determination - Role of Time Element in Market Price Determination; Monopoly - Price and output determination, Price Discrimination; Monopolistic Competition - Price and Output Determination-Selling Costs - Product Differentiation – Oligopoly - Duopoly Example - Price Determination (Collusive Pricing, Price Leadership).

Salvatore, D. (2011). Managerial Economics in a Global Economy (7^th ed.). Oxford: Oxford University Press.

Sen, Anindy (2006). Microeconomics: Theory and application (2^nd ed.). Oxford: Oxford University Press.

 This course aims at familiarizing the students with long-term sources of capital and accounting practices followed by Corporate business houses in accordance with Companies Act 2013.  The course also provides basic knowledge about the contemporary developments in the field of Accounting.

Course Learning objectives:

1. To understand the process involved in the issue of shares and debentures by corporate houses to raise finance.

2. To Summarize the financial performance of companies by preparing annual financial statements as per statutory requirements.

3 To Describe the contemporary developments and issues in Accounting.

Level of Knowledge: Application 

Meaning- Kinds of Shares, Recent developments in the public issue of shares, Book building process.  Issue of shares for Consideration is other than cash - Accounting procedure 

Introduction to company annual  Financial statements., Preparation of Income statement and Balance sheet as per Companies Act- 2013. Meaning and significance of  Cashflow statement attached to Financial statements.

Price Level Accounting, Limitations of Conventional Financial statements, Methods of Accounting for changing Prices, practical problems.

Corporate restructuring and Merger,  Environmental Accounting: Concept, Need, approach, mechanism and reporting,  Forensic Accounting: Meaning and significance.,  Green Accounting: Meaning and significance, the rationale for the adoption of green accounting, steps for incorporating green accounting, Green accounting in India.

Course Description:

This course intended to provide a cohort experience and to help students acquire a range of useful strategies and skills for enhancing their managerial effectiveness, as well as for engaging productively with the undergraduate course concepts throughout their program. The three themes addressed are managing your learning, learning together, and managerial skill development.

Course Objectives:

●       To explain and illustrate different barriers of professionalism and ethics as an attribute.

●       To develop understanding between individuals within a team or in a group setting.

●       To discover the importance of Team Building & Being a Team Member.

●       To analyze and interpret the techniques and tools that will promote efficient utilization of time.

●       To evaluate different reading strategies to improve effective reading.

Professionalism in workplace, Ethics, Professionalism in sports, society, etc. Grooming

JOHARI WINDOW - The four quadrants of JW, Advantages and disadvantages, Applications, TRANSACTIONAL ANALYSIS - Ego states, Type of transactions, Implications of TA

Introduction, importance, benefits, types and how to create a self-awareness, Understand yourself, Realize your strengths and weakness, Applicability of self-awareness in our lives

Introduction to meaning and concept of Teams, importance of Team in formal Set up. Importance of being a Team Member and Team Leader. Meaning, importance   and Challenges of Team Building, Introduction as to how to build Teams

Introduction to Time management, Benefits of time management, Prioritization of events, preparing schedules, Procrastination, Problems in time management and strategies for effective time management.

Importance of Reading Skills, Ways to improve reading skills, Building vocabulary, Techniques for Smart Reading: Surveying, Questioning, Reading, Skimming, Recalling and Reviewing.

Usage of Library Resources in University Campus.

FINAL SUBMISSION OUT OF 100 (6 CIA * 10 marks, which will be rounded out of 100 marks)

Course Description: This course is to make students familiarize with various components of Indian financial system and enable them to understand the mechanisms in exchange of funds among various players in the financial system. The course also imbibes knowledge on the independent regulators of the Capital market, insurance, banking, and various services sectors. The course also introduces students to the various financial instruments dealt in the Indian financial markets and provides an insight into the international financial markets.

Course Objectives:

 1.    To understand the structure, organization and working of the financial system in India.

 2.    To demonstrate the role of regulatory bodies in Indian financial system

 3.    To evaluate the impact of money market and capital market operations. 

 4.    To assess the functions of the financial institutions and financial services.

  5. To examine the importance of International financial markets

Level of knowledge:  Basic                          

Meaning – Structure - Functions - Components of financial system - Financial system and economic development - Reforms in Financial Sector in India

Level of knowledge: Conceptual                                                                                          

Meaning – Classification - Functions – Types - Primary market - Secondary market -functioning of various stock exchanges - NSE, BSE, OTCEI - Financial instruments in capital market - Long term loans market - Derivatives Market - Government Securities market - Capital market scams – SEBI - Reforms in capital markets.

Level of knowledge: Conceptual                                                                                         

Meaning – Significance - Structure-Features of money market - Money market instruments - Reforms in money market – Monetary policy - Credit Policy

Level of knowledge: Analytical                                                                                           

Meaning – Functions - Banking institutions - Scheduled commercial banks and scheduled cooperative banks - Non Banking Institutions – Regional Rural Banks - NBFCs and Development Finance institutions - Insurance and Housing Finance Companies – IRDA.

RBI Functions - Banking regulation and requirement - licensing and supervision, capital reserve, corporate governance, financial reporting and disclosures, Capital adequacy -Banking ombudsman scheme - Basel norms

Level of knowledge: Analytical                                                                               

Anti-money laundering: Prevention of money laundering act (PMLA) - Customer due diligence -Know your customer norms - International sanctioning -Financial Intelligence unit - fraud detection and management in banks - International banking scenario-Documentary letter of credit -Correspondent banking and NRI accounts - Bad banks

Level of knowledge: Conceptual                                                                

Financial Instruments:  Shares - Mutual Funds – Debentures - Bonds - Money market instruments (Self learning) - Derivatives - Hedging instruments and others.

Financial services: Fund based services – Leasing – Hire Purchase – Consumer Credit – Bill Discounting – Factoring and Insurance.

Fee based services – Issue Management, Merchant Banking, Credit rating, Debt Restructuring and Stock Broking.

Level of knowledge: Conceptual                                                                

Forex market rate determination Nature, Organization and Participants- Offshore Financing Instruments- Foreign Exchange market – Foreign Direct Investment and Foreign Institutional Investment.

 Pathak, B. V (2018). Indian Financial System. New Delhi: Pearson Education

1. Desai, V. (2019). The Indian Financial System and Development. Mumbai: Himalaya Publishers.
2. Gordon, N. (2014). Indian Financial System. Mumbai: Himalaya publishers.
3. Khan, M.Y. (2019). Indian Financial System. New Delhi: McGraw-Hill.
4. Sharma, G. (2014). Indian Financial System. Ludhiana: Kalyani publishers.

5. Singh, P. (2018). Dynamics of Indian Financial System: Markets, Institutions and Services, ANE Books.

ESE = 30 Percent

Course description: This course aims at aiding the students in reaching a level of increased competence in business mathematics and expands understanding of the importance of mathematical concepts in business applications. Emphasis is placed upon learning mathematical concepts by examining some basic business problems.

Course Objectives:  This course will help the learner to gain a familiarity with

●       To understand and extend the concept of Matrices and Determinants in the real time business

●       To solve the problems related with Simple Interest, compound interest, annuities, sinking fund, etc.

●       To build skills and ability to translate a given real life situation into a linear programming format

●       To simplify and solve Transportation and Assignment of job-related issues with optimum solution

To improve on service delivery system of a business concern with the help of Queuing model

Matrices and Determinants – Types of matrices – addition of matrices – Multiplication of Matrices by a scalar –  Multiplication of two matrices – Properties of Matrix Multiplication – Determinants –Properties of determinants (statement only) – Minors and co-factors – Inverse of a matrix (Simple Problems only) –– Applications of Matrices and Determinants – Matrix representation of data – Applications on basic matrix operations– Solving system of linear equations – Matrix inverse method – Cramer’s Rule

Simple interest - Compound interest – Equivalent rate – Effective rate - Depreciation – Accumulated value – Present value – Annuity – Types of Annuity – Annuity Immediate – Annuity Due – Deferred Annuity – Perpetuity – Sinking Fund.

Definition – Linear Programming Problem – Formulation – Solution by Graphical method – Simplex method – Minimization and Maximization problems 

Nature and scope of transportation and allocation models - different methods for finding initial solution - N-W Corner Rule, Least Cost Method and VAM.  Unbalanced TP – Test for optimality – MODI method

Nature and Importance of Assignment Problem – Hungarian method – Restricted Assignment problems

Scope and importance of Queuing theory, General Structure of Queuing System, The Queuing Models – Deterministic and Probabilistic Queuing Model

• To expose learners to a variety of texts to interact with
• To help learners classify ideologies and be able to express the same
• To expose learners to visual texts and its reading formulas
• To help learners develop a taste to appreciate works of literature through the organization of language
• To help develop critical thinking
• To help learners appreciate literature and the language nuances that enhances its literary values

• To help learners understand the relationship between the world around them and the text/literature
• To help learners negotiate with content and infer meaning contextually
• To help learners understand logical sequencing of content and process information

·         To help improve their communication skills for larger academic purposes and vocational purposes

·         To enable learners to learn the contextual use of words and the generic meaning

·         To enable learners to listen to audio content and infer contextual meaning

·         To enable learners to be able to speak for various purposes and occasions using context specific language and expressions

·         To enable learners to develop the ability to write for various purposes using suitable and precise language.

Common errors- subject-verb agreement, punctuation, tense errors 

1. Why We Travel-Pico Iyer

2. What Solo Travel Has Taught Me About the World – and Myself -ShivyaNath- Blogpost

sentence fragments, dangling modifiers, faulty parallelism,

Note taking

1. Thinking Like a Mountain

By Aldo Leopold

2. Short Text: On Cutting a Tree

By Gieve Patel

1. Violence in the name of God is Violence against God

By Rev Dr Tveit

2. Poem: Holy Willie's Prayer

By Robert Burns

Paragraph writing

Newspaper report

1. The Story of B24

By Sir Arthur Conan Doyle

 2. Short Text: Aarushi Murder case 

1.Long text:My Story- Nicole DeFreece

2. short text: Why You Should Never Aim for Six Packs

Essay writing

1.Long Text: Sir Ranjth Singh- Essay by SouravGanguly

2. Short text: Casey at the Bat-  Ernest Lawrence Thayer

Paraphrasing and interpretation skills

Visual Text: Before the Flood

CIA 2=50 

CIA 3= 20 

ESE= 50 marks online and 50 marks written exam

The course focuses on the basic elements that determine human behavior in an organizational context. It provides various theoretical frameworks to understand human behaviours at individual, group and organization level. The course provides insights into the foundation of human behaviours such as personality, learning, values, attitudes and perception. At the group level its characteristics in terms of size, status, norms, role and cohesiveness makes it functional or dysfunctional. Leaders who are able to influence the individual and group behaviours create positive organisations culture. Thus it is essential for manager to develop an understanding about human behaviours at the workplace and manage them for organizational effectiveness. 

Course Objectives:

To examine the impact of globalization, diversity and ethics on organizational behaviours.

1. To analyses the individual’s work behaviours due to personality, attitudes and perceptions. 

2. To assess the dynamics of group behaviours and its influence on group effectiveness. 

3. To compare and contrast various leadership style as in classic and modern theories.

4. To determine practices that creates positive organisation culture.

Definition of Organizational Behavior, OB as systematic study, Contribution from other disciplines, Challenges and Opportunities in organizational behavior, OB Model/Framework- Individual, Group and Organisational Level.

Defining and Measuring Personality, Determinants of Personality, The Big Five Personality Model, Myers-Briggs Type Indicator, and Other Personality Traits like Authoritarianism, Locus of Control, Machiavellianism, Self Esteem, Risk Taking, Self-Monitoring and Achievement Oriented. Importance of values- instrumental and terminal values. 

Meaning of Learning; Theories of Learning- Classical Conditioning, Operant conditioning, Cognitive theory, Social learning theory, Principles of learning, Schedule of Reinforcement. 

Components of Attitude- ABC model, Function of Attitude, Cognitive Dissonance Changing Attitude, Work Attitudes- Job Satisfaction and Organisation Commitment. 

Meaning, Factors influencing perception, Attribution Theory, Common short cuts in judging others.

Define Group and different type of Groups, Stages of Group Development, Group Properties-Roles, Norms, Status, Size, Cohesiveness; Group Decision making, Groupthink and Group Shift

Concept of Leadership-Trait Theories-Behavioral Theories, Ohio & Michigan Studies - Managerial Grid; Contingency Theory-Situational Leadership and Path & Goal of leadership; Contemporary Theories- Transformational, Transactional, Charismatic Leadership, Ethical Leadership and Servant Leadership. 

Definition of organizational culture and its characteristics, Strong versus Weak culture, Function and Dysfunction of Culture, Creating & Sustaining Culture, -How employees learn culture-Creating Positive organizational culture. 

• Gupta, C. B. (2014). A textbook of organisational behaviour: With text and cases. New Delhi: S Chand & Company.

Course Description:

Business Statistics helps us to make business decisions under uncertainties based on numerical and measurable scales. Decision making process should be always objective and in order to make unbiased decisions, collection and analysis of quantitative data as well as interpreting the results necessitates an understanding of statistical tools and models. As a result, it is essential for individuals working in this environment to have the knowledge and skills to interpret and use appropriate statistical tools and statistical techniques in various scenarios.

Course Objectives:

●       To demonstrate the knowledge of organising a problem/data and make evidence-based decisions using statistical tools.

• To extend an understanding of application of relevant statistical concepts to a given context/business scenario.
•  To solve real business problems by analysing data with appropriate statistical techniques.
• To analyse the data using correlation and other statistical tools
• To interpret regression/time series equations to explain relationship among variables

Meaning, Definition, Features, Importance and limitations of statistics. Meaning and difference between primary and secondary data, data collection methods. Classification and tabulation of data including tally marks, methods of classifying data - quantitative, qualitative, geographical, chronological, Discrete and continuous frequency distribution

Meaning, measures of Central Tendency- Arithmetic Mean, Weighted Arithmetic Mean, median, mode, geometric mean and harmonic mean (only theory) and partition values- quartiles, deciles, percentiles

Meaning, Definitions, Properties of dispersion - Range, Quartile Deviation, Mean Deviation from Mean and Median, Standard Deviation and coefficient of variation. Skewness-meaning, difference between dispersion and skewness, Karl Pearson’s and Bowley’s measures of skewness

Meaning, Definition and Use of Correlation, Scatter diagram, Types of correlation, Karl Pearson’s correlation coefficient, Spearman’s Rank correlation, Probable Error. Regression- Meaning and utility of Regression analysis, Comparison between Correlation and Regression, regression lines –X on Y, Yon X, Regression Equations and Regression Coefficients. Introduction to Logistic regression

Meaning, Components of time series, Calculation of Secular Trend-Moving Average method – odd and even period moving average and method of Least Squares

Introduction to Probability, Basic Concepts of Probability, Probability Distributions – Binomial, Poisson and Normal distributions, Expected Value

Introduction to testing of Hypothesis: Procedure for testing hypothesis - Setting of Hypothesis -Null and alternative hypotheses, Estimation, Computation of Test statistics, - Types of errors in hypothesis testing - Level of significance - Critical region and value - Decision making.   Test of significance for Large and small sample tests, Z and t tests for mean and proportion, one-way ANOVA,Chi-square test for goodness of fit and independence of attributes. 

The course aims at providing a systematic introduction to mainstream approaches to the study of macroeconomics in the current century.  It has been designed in such a way that it stimulates awareness on macroeconomic challenges and policy management in progressive nations. It also aims at developing the ability for objective reasoning about macroeconomic issues.

Economy’s Income and Expenditure - Measurement of GDP - Components of GDP - Real versus Nominal GDP - The GDP Deflator; The Consumer Price Index (CPI) - Calculation of CPI - GDP Deflator versus CPI - Correcting economic variables for the effects of inflation - Real and Nominal Interest Rates - Limitations

Economic Growth around the world: Productivity: Its Role and Determinants-Economic Growth and Public Policy - Investment-Human Capital.

Saving and Investment in the National Income Accounts - The Market for Loanable Funds - Policy Changes and Impact on the Loanable fund Market; Money - Meaning and Functions-Money Supply; Full Reserve Banking and Fractional Reserve Banking - Central Bank Tools of Monetary Control; Classical Theory of Inflation - Classical Dichotomy and Monetary Neutrality - Velocity and Quantity equation - Fisher Effect - Costs of Inflation.

Identifying Unemployment - Labour Force - Unemployment Rate - Labour Force Participation - Types of Unemployment - Unemployment Insurance - Minimum Wage Laws.

Three Key Facts about Economic Fluctuations - Short run Economic Fluctuations - Aggregate Demand Curve, Aggregate Supply Curve, Two Causes of Economic Fluctuations; Monetary Policy Influence on Aggregate Demand - The Theory of Liquidity Preference; Fiscal Policy influence on Aggregate Demand - The Multiplier Effect - Crowding out effect - Stabilisation Policy; Active Versus Automatic Stabilizers.

The Phillips Curve - Shifts in Phillips Curve and the Role of Expectations - Shifts in Phillips Curve and The Role of Supply Shocks; The Cost of Reducing Inflation Rational Expectations and the Possibility of Costless Disinflation.

Economic Stabilization - Monetary vs. Fiscal Policy; Handling Recession - Higher Spending vs. Tax Cuts; Monetary Policy - Rule vs. Discretion Based; Central Bank Goal: Zero vs. Non-zero Inflation; Government Budget- Balanced vs. Unbalanced; Tax Laws for Savings – Reformed vs. Not Reformed.

Blanchard, O. (2009). Macroeconomics (5^th ed.). Pearson Education.

Dornbusch, R., Fischer, S., & Startz, R. (2015). Macroeconomics (11^th ed.). McGraw Hill Education.

Froyen, R. (2014). Macroeconomics: Theories and Policies (10^th ed.). Pearson Education.

Mishkin, F. S. (2016). Macroeconomics: Policy & Practice (2^nd ed.). Pearson Education.

This course is designed to give the students a stage to apply and understand all the concepts taught in Foundations of Data Science, Data Engineering & Decision Science. It will help in providing the students with real world industry exposure by guiding them to solve real world problems that Mu Sigma has historically dealt with

The objective of the course is to:

1. Understand why simply solving problems is not enough and why a more elaborate art of problem solving is in order 

2. Understand how solving specific problems and the art of problem solving can co-exist harmoniously in the larger realm of problem solving 

3. Understand the tenets of the Art of Problem-Solving framework 

4. Understand the frameworks to analyse an industry vertical

5. Perceive another person’s thoughts, fears and concerns, and motivations

Problem Space I will occur once the students are familiar with the design thinking concepts in Decision Science topics. It will be a classroom activity on the problems given by the trainer. This subject will be covered during the second part of the semester. 

Students will be guided on:

1. How to develop an understanding of customer churn in general 

2. Examples of real-life applications of forecasting & its impact

3. How to work on an exercise on customer churn

Output expected from students:                                                                                                           

1. Create an Empathy Map, Org Chart and a Vertical writeup on the industry and the business in question

2. Access the problem statement using Design Thinking

3. Break down the problem statement using Problem Definition & Design

4. Arrive at a solution thinking on the lines of Transformation Roadmap                                                                                                              

5. Submit a Jupyter Notebook with the solution

Skill Enhancement Course

Final Submission out of 100

Proper database management systems help increase organizational accessibility to data, which in turn helps the end users share the data quickly and effectively across the organization. The course seeks to teach database management using SQL which is a domain-specific language used in programming and designed for managing data held in a relational database management system, or for stream processing in a relational data stream management system. The course also includes Hadoop, which is a collection of open-source software utilities that facilitates using a network of many computers to solve problems involving massive amounts of data and computation. It provides a software framework for distributed storage and processing of big data using the MapReduce programming model. 

The objective of the course is:

1. Familiarize with foundations of data engineering

2. Understand the storage, access, and manipulation of large structured and unstructured data 

3. Learn about the distributed storage of data and the process of working with such systems

4. Understand the basic terminologies and operators in SQL, use an SQL interface of a multi-user relational DBMS package to create, secure, populate, maintain, and query a database, formulate query using SQL, solutions to a broad range of query and data update problems

5. Learn the relational model and how it is supported by SQL and PL/SQL and use the PL/SQL code constructs of IF-THEN-ELSE and LOOP types as well as syntax and command functions

What is database, types of databases, what is RDBMS, DBMS vs RDBMS, DBMS vs file system, DBMS architecture, 3 schema architecture, data models, data mode schema, data independence, DBMS language, ACID properties in DBMS

ER model concepts, notation for ER diagram, ER design issues, mapping constraints, DBMS keys, DBMS generalization, DBMS specialization, DBMS aggregation, convert ER into table, relationship of higher degree, relational algebra, join operation, integrity constraints, relational calculus

Functional dependency, inference rule, DBMS normalization, DBMS 1NF, DBMS 2NF, DBMS 3NF, DBMS BCNF, DBMS 4NF, DBMS 5NF, relational decomposition, multivalued dependency, join dependency, inclusion dependency, canonical cover

Transaction, transaction property, states of transaction, DBMS schedule, testing of serializability, conflict schedule, view serializability, recoverability of schedule, failure classification, log-based recovery, DBMS checkpoint, deadlock in DBMS

Concurrency control, lock based protocol, time stamping protocol, validation-based protocol, Thomas Write rule, multiple granularities, recovery concurrent transaction, Overview of data warehousing, components/ building blocks of data warehousing, difference between operational database and data warehouse, three-tier data warehouse architecture, ETL vs ELT, types of data warehouse, data warehouse design, terminologies, OLAP technology, design schemas, dimensional modelling, data warehouse security, backup

Introduction to Structured Query Language (SQL), SQL database, SQL Table, SQL Select, SQL Clause, SQL Order By, SQL Insert, SQL Update, SQL Delete, SQL Join, SQL Keys

PL/SQL Tutorial, control statements, PL/SQL Procedure, PL/SQL Function, PL/SQL Cursor, PL/SQL Exception, PL/SQL Trigger

Final Submission out of 100

Course introduces fundamentals of computer sciences and programming. This is followed by an introduction to data science, the significance, and foundational topics in Data Science. The course starts by introducing the basic data manipulation tool – Microsoft Excel. Post which R, the most used technology in Data Science will be introduced to the students. Followed by basics of Statistics as a mathematical science pertaining to data collection, analysis, interpretation, and presentation. Statistics is used to process complex problems in the real world so that Data Scientists and Analysts can look for meaningful trends and changes in data.

The objective of the course is to:

 Define the basic functioning of computers from a programmer’s perspective 

1. Infer the basics of object-oriented programming  

2. Experiment with Microsoft Excel, its interface and functionality & understand how data can be structured, manipulated, and summarized in Excel 

3. Analyse the fundamentals of the R programming language 

4. Understand the need for statistics, develop intuition about data and be able to use different visualization tools to understand it

Block diagram of computer – memory and its types – input / output devices, introduction to software – overview and classification of software

Introduction to problem solving, logic and importance of logic in problem solving, computational problem and its classification, introduction to algorithms and flowcharts, introduction to programming paradigms and methodologies.

Basics of coding, binary character set, code hygiene, identifiers and keywords, data types, variables, declarations, best practices for programming – naming variables according to standards, importance of following coding standards- program structure, input and output operations

Introduction to Microsoft Excel, basic functions (string, logic, aggregate functions), conditional formatting, lookup & referencing, pivot charts & pivot table

Introduction to R, using Jupyter notebook, data handling, data frame handling, string and date manipulations, visualizations and apply functions

Why we need EDA. Summary Statistics, Visualization, Missing value treatment, Outliers and Outlier treatment, Normalization and standardization of data. Dimension reduction by feature selection and feature extraction.

Final Submission out of 100

‌ ‌The interdisciplinary field of Decision Science seeks to understand and improve the judgment and decision making of individuals, groups, and organizations. The major emphasizes basic skills and concepts that enhance students’ ability to understand and improve the decisions that they and others face. The course also covers the Art of Problem-Solving framework and its subcomponents – muPDNA and muUniverse. It also looks to enhance the students’ knowledge on businesses and how they work, what are the basic steps to be taken to chart out the first steps in decision making

Course Objectives:

The objective of the course is:

1. Understand why simply solving problems is not enough and why a more elaborate art of problem solving is in order 

2. Understand how solving specific problems and the art of problem solving can co-exist harmoniously in the larger realm of problem solving 

3. Understand the tenets of the Art of Problem-Solving framework 

4. Understand the frameworks to analyse an industry vertical

5. Perceive another person’s thoughts, fears and concerns, and motivations and appreciate the role of a third person’s role in decision making

The need of an art of problem solving, what art of problem solving enables, non-linearity in problem solving, transforming decision sciences by harmonizing Art of Problem Solving (AoPS) and Solving Specific Problems (SSP)

Underlying concepts of articulating problems – Design, representation, and hypotheses, muSearch, breaking down a problem, iterating refinement of representation and hypotheses, asking the right questions, examples of muPDNA, use cases and exercises

Complexity surrounding individual business problems, mapping problem interconnections, discovering and identifying the latent interconnection between problems, examples of muUniverse

Understanding an organization, industry, marketing – Brand, value proposition, segmentation, marketing mix, marketing research, customer lifecycle, finance – balance sheet, profit & loss statement, cash flow statement, operational metrics & ratios in finance, how to read 10K report, operations – operations management practices, trends in operation

Inputs, outputs and processing, understand the party’s sensory inputs, what goes (and doesn’t go) in their mind, action yielded as a result of inputs and processing, understanding the stakes & the party’s pain points, what party has to gain, use cases of Empathy Maps approaching new and prospective clients and customers, planning for transformation, charting analytical roadmaps, preparing for meetings, preparing clients for presentations, building products and software

Overview, significance, how to create them, use-cases

Final Submission out of 100