Dr. P.V. Viswanath

 

pviswanath@pace.edu

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  Courses / FIN 680D/INB 670C /  
 
 
 
 
 

FIN 680D/ INB 670C /FIN 360A: India as a Market-oriented Economy: Present and Future
Fall 2006

Email: pviswanath@pace.edu Tel: (212) 618-6518
Webpage: http://www.pviswanath.com
Blackboard: http://blackboard.pace.edu

Office W416, Pace New York
Office hours: Tuesdays and Thursdays: 3:00 p.m. to 5:30 p.m. and by appointment.
Note:  I am in my office most of the week; send me e-mail, give me a call or just drop by!
   

Course Objectives

The primary objective of this course is to provide the student with an Introduction to the Indian economy, with a focus on infrastructure and development.

Course Text

Required Text: There are no required texts; reading materials will be provided on Blackboard in the Documents section.

Computer Use and E-mail Policy:

You should obtain a Pace e-mail address as soon as possible, so that I can send you e-mail. Any student's Pace e-mail address can be obtained by going to the Contact Pace section of the main Pace Home Page (the default password is the studentís Pace Identification Number).  More information about e-mail address, etc. can be obtained from the DoIT website.  Even if you have another e-mail address where you wish to get your e-mail, you should still get a Pace e-mail address.  Once you have your Pace e-mail account and password, you can go to the Pace University Student E-Mail Server at http://stmail.pace.edu and have your e-mail forwarded to your preferred e-mail address.  You can find information on how to have your mail automatically forwarded at http://www.pace.edu/DoIT/forward/The only way that I can communicate with you is through your Pace e-mail account.  Hence, it behooves you to get your Pace account information as soon as possible.

Check your e-mail and the FIN 680D/INC 670C/FIN 360A website on a regular basis.  This will enable you to get the maximum from the course. I am available for consultation by e-mail at pviswanath@pace.edu. I check my e-mail practically every day, and, in most cases, you should get a speedy response to any questions.  

We will also be using Blackboard as a gateway for some aspects of the course.  Please log in to Blackboard at the earliest opportunity.    Blackboard login procedures can be found on the appropriate Blackboard site.  Essentially, your login ID for Blackboard will be your email ID, and your password will be your 9-digit social security number (for more details, go to the Blackboard site).  

Course Requirements

Course Activities:

There will be three kinds of course activities:

  • Online discussion
  • In-class meetings
  • Trip to various locations in Bombay and Bangalore

Participation in all three aspects of the course is required.

Exam:

There will be a single exam (only for undergraduates) at the end of the term, based partly on a pre-assigned question list.

Online Discussion:

Readings will be assigned every week. Online discussion will take place using the Discussion Board on Blackboard. New topics will be assigned every week. In general, discussion on a given topic for a particular week will end on the 'Saturday of that week, unless specified otherwise.

In-class Meeting Dates:

First class: General Introduction Sept. 26
Second class: Video of Simon Long October 10
Fourth meeting: Speaker from Genpact (date not confirmed), October 24
Third class: Nancy by day, Nalini by night, November 7
Fifth meeting: Presentations (only by graduate students; but all students must attend) November 28

Written Assignments:

In addition to attendance, there will one written assignment for undergraduate students and two for graduate students.

  • Write-up on the India visit. This will consist of two components:
    • one, a general report on the trip; this report will relate the lessons learned from the visit to the issues brought up and discussed during the Fall term. The length of this report may be from 2 to 4 pages.
    • two, a specialized report focusing on any one (non-cultural) visit in Bombay or Bangalore. This report will discuss the particular organization visited and related issues in detail. This report should be about five pages.
  • In addition to the above, graduate students will be required to work on a term paper on any topic of interest to them (e.g. microlending in India). The length of this report could be anywhere from 6 to 12 pages. They will be expected to present their findings in a powerpoint presentation to the entire class on November 28.

Course Structure:

  1. General Introduction
    • Themes
      • Right to Information Act
  2. Financial Infrastructure
    • Visits: NSE, RBI
    • Companies: AIG
  3. Physical Infrastructure
    • Visits: DGFT
    • Companies: Jet Air
  4. HR
    • Visits: MindTree, IIMB
    • Companies: MindTree
  5. Industry Studies
    • Media/Entertainment Industry
      • Visits: Raj Tilak
    • Aviation
      • Jet Airways
    • IT/ BPO
      • Companies: TCS, Infosys

Readings by Area:

General Introduction:
Intro to India:

Development
· Jean Dreze and Amartya Sen, “India: Economic Development and Social Opportunity, Chapters 2 and 3
· Nicholas D. Kristof, January 17, 2006 - (NYT) - Interactive Feature “India vs China.”
· “Breaking Marwari Rules,” Agency costs and Indian corporate organization (NYT article on file)
· Are Indian companies ready to take on the world? Jun 1st 2006 The Economist (Corporate Governance)
· Interview of Simon Long, Economist video. Let’s use it for in-class discussion.
· Bombay Development Authority website
· India vs. China – The Human Dimension (EPW article on file)
· Nirupam Bajpai, Jeffrey D. Sachs, “India in the era of economic reforms” http://www.thehindubusinessline.com/bl10/stories/2004012800401000.htm
· “India in the Era of Economic Reforms,” Bajpai and Sachs (article on file)
· A Survey of Business in India, June Economist issue
· Nicholas D. Kristof, “Courage in India,” January 22, 2006 - (NYT) Interactive Feature

Sectoral Analysis
· Keith Bradsher, “A Younger India Is Flexing Its Industrial Brawn,”September 1, 2006, NY Times
· Shyamal Basu, Chapter 3 write-up on post-1991 India.
· Few hands make work light, Economist June 1, 2006 article (on Manufacturing)
· From Top to Bottom, Jun 1st 2006 The Economist


Financial Infrastructure

· http://www.ibef.org/industry/financialservices.aspx
· http://www.nseindia.com/content/us/ismr2005.zip
· Capital Account Convertibility, Williamson article on file.
· Liquidity of Financial Markets, Susan Thomas article
· http://www.ibef.org/industry/financialservices.aspx Financial Services Industry

Physical Infrastructure
· SEZs: http://www.sezindia.nic.in/welcome.htm
· Still in the way, Jun 1st 2006 The Economist
· The long journey, Jun 1st 2006 The Economist
· Building Blocks, Jun 1st 2006 The Economist

HR/ Education
· Video: Nancy by day, Nalini by night
· If in doubt, farm it out, Jun 1st 2006 The Economist, “But outsourcing firms are having increasing trouble finding suitable workers”

Media/Entertainment
· Fee, Edward “Motion Picture Financing,”
· Sector Report on the Entertainment Industry
· Various articles on file

Aviation:
· http://www.ibef.org/industry/aviation.aspx

IT/BPO
· Article on Infosys (from files)
· Virtual champions, Jun 1st 2006 The Economist, India's IT stars are still rising fast
· If in doubt, farm it out, Jun 1st 2006 The Economist, “But outsourcing firms are having increasing trouble finding suitable workers”

Prerequisites:

BUS 512 (Minimum Grade of C) or MBA 632 (Minimum Grade of C).

Grades

Your final grade will be determined as follows:

Factor  Impact on grade
Online Discussion 40%
Post-visit report 20%
Term Paper and Presentation 40% (0% for undergraduates)
Final Exam 0% (40% for undergraduates)

Letter grades will be assigned as follows:  

Course Grade Quantitative Class Score
A, A- 90%-100%
B+, B 80%-89.99%
B-, C+ 70%-79.99%
C 60-69.99%
F 0-59.99%

Note that the minimum and maximum quantitative scores for plus and minus refinements to the letter grades will be at my discretion. These will be partly determined by the distribution of student scores within each letter grade category.   I place a high value on effort; at my discretion, I will raise your grade one notch if I feel that you have tried hard to satisfy all the requirements of the course.