GDP: What is GDP? How is it calculated? A discussion on some of the related key terms (such as - Nominal and Real GDP, GNP).
Fiscal Deficit: A discussion on Govt. borrowing, Fiscal Policy etc.
Money Supply: What is Money Supply? What are its various components?
Inflation: Its definition. Causes of inflation. How is it measured? (CPI and WPI).
Key terms - Stagflation etc.
Interest Rates: Discussion on Real and Nominal interest rates.
Economics of Exchange Rates: Explanation in terms of demand and supply.
|Macroeconomics: The Indian Context||
RBI and its Functions: A discussion on RBI's functions - making monetary policy,acting as a banker to the Govt. etc.
CRR,SLR - Its definition and significance.
Capital Adequancy Ratio - Basel norms
Repo and Reverse Repo
Global Economies - Impact on India: A discussion on various external factors that affecct Indian economy (such as - FDI and FII, 'Exports, imports and their influence on the exchange rate', Trade Surplus, etc.).
|Understanding the Budget||
Key Components of the budget: Such as - Plan and Non Plan Expenditure, Sources of Revenue and Expense, Fiscal deficit etc.
|TOTAL RECOMMENDED LEARNING HOURS||5.5|
|Financial Markets - Generic Framework||
Trade Life Cycle: Issuance, Pre-trade, Trade, Post trade, and Asset servicing.
Issuance: Types of Issues & the entire Issuance Process.
Pre-Trade Analysis & the Trade: Systems needed for pre-trade; trading process followed in different markets.
Post-Trade: The stages :Clearing, Settlement, Settlement Conventions.
Asset Servicing: The steps in Asset Servicing such as, Income collection, Corporate actions, etc.
Role of Banks: Managing the issuance process, Research and Proprietary trading.
|Financial Markets - Equity||
Working of a Stock Market: A basic understanding of how stock trading works.
Stock Market Participants: The participants of a stock market and their roles, such as: Brokers, Custodian Banks, Depositories, and Clearing Firms; understanding a Demat account.
Stock Indices: What indices are; Key markets and their indices (Nifty/Sensex , DAX , etc.). Determination of share prices and market sentiment.
Stock Valuation: The value of a stock basis Mark to Market (MTM); estimation of Realised and unrealised losses.
|Financial Markets - Bond and Currency||
Bond Markets: Various participants & their roles: Government/corporation, commercial banks, investment managers/mutual funds, depository & clearing corporation, regulators.
Bond pricing and valuation of bonds: Based on Present Value. Understanding coupon, bond price and yield.
Money markets - Bank rate and repo rate: Money Market Instruments - the difference from Bonds.
Foreign Exchange Markets: Players, traded currencies etc.
Exchange Rates and its key drivers: Factors affecting the Exchange Rate, Market Conventions; Spot, Tom & Forward Rates.
Valuation of currencies: Valuation of currencies, with an illustration.
|TOTAL RECOMMENDED LEARNING HOURS||3.5|
The Financial Framework: The players in the world of finance - Market Players, Regulators etc.
Banks & NBFCs: What a bank does; categories of banks in India; how NBFCs are different.
Regulators & Regulations: Regulators for Financial Institutions (such as RBI, NHB). Key regulations such as Basel Norms, Reserve requirements etc.
Key Concepts: Flat & Reducing balance interest rates, Pledge, Hypothecation & Mortgage, etc.
Banking Business Overview: A bank's business model ; Related concepts: Cost of Funds, Net Interest Income (NII) and Spread.
The Business Offerings of a Bank: Business Divisions: Where we talk about Retail Banking, Corporate Banking, etc. Mid & Back Office functions: Risk Management, Asset/Liability Management etc. Support Functions: Audit, Finance & Control etc.
Channels: The channels a bank uses; features of each.
|TOTAL RECOMMENDED LEARNING HOURS||3|