Course |
Learning outcomes (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
Paper Code |
Paper Title |
|||
MFM 423 |
Foreign Exchange Management |
CO160: Equip the students with proper knowledge about Foreign exchange
CO 161: Understand the operation s of foreign exchange market.
CO 162: Examine the theories and determination of foreign exchange rates. CO 163: Discuss general factors of exchange rate fluctuations. CO 164: Explain nature , functions and participants of foreign exchange market
CO 165: Explain the concept of Balance of Payment. |
Approach in teaching: Interactive Lectures using whiteboards, Discussion, Tutorials, Reading assignments, Demonstration, Team teaching, Quiz.
Learning activities for the students: Self learning assignments, Effective questions, Solving problems of unsolved questions, Problem based learning-cases, Group learning teamwork, Giving Tasks. |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
Foreign Exchange market: Meaning, Features, functions, participants in foreign exchange market methods of affecting international payments, dealings on the Foreign Exchange Market- Spot and Forward Exchanges, Forward Exchange Rates, Futures, Options, Swap Operation.
Foreign Exchange Rate- Concept, factors determining spot exchange rates, fluctuations in the rate of exchange, Types of Exchange Rate: Fixed & Flexible exchange rate.
Theories of exchange Rate: Demand and supply theory of exchange rate, PPP Theory, Balance of Payment theory
Exchange Control:
Meaning, features, Objectives, Methods-Unilateral methods & Bilateral methods, Merits and demerits, Exchange Control in India, Exchange Control Authority- Authorized dealers, Foreign Exchange Dealers Association of India(FEDAI),Foreign Exchange Reserves in India.
Balance of Payment: Concept, Structure, Components of Balance of Payment, Difference between Balance of trade and Balance of Payment, Equilibrium in BOP ,Disequilibrium in BOP, Types of Disequilibrium, Measures to correct disequilibrium.
Methods of Payment: Letter of Credit–meaning, mechanism, evaluation of LOC, Types of LOC. Bills of Exchange-meaning, Types of bills, noting and protest, stamp duty.
Introduction to International Monetary fund (IMF)
BooksRecommended:
Links:
[1] https://management.iisuniv.ac.in/courses/subjects/foreign-exchange-management-2
[2] https://management.iisuniv.ac.in/academic-year/2021-2022-0