Dr. P.V. Viswanath



Economics/Finance on the Web
Student Interest

  Courses / FIN 680A/INB 670C /FIN 360A  

FIN 680A/INB 670C/ FIN 360A/ECO 395:
India as a Market-oriented Economy: Present and Future

Mondays, 6 pm to 8 pm in room no. E308, 1 Pace Plaza, New York
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: Wednesdays, 12 noon to 2:30 pm and Thursdays, 10:45 to 1:15 pm and by appointment
Note:  I am in my office in New York most of the week; let me know if you want to see me at other times.

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.

As India moves forward, there are many challenges that face her. Although the IT sector has been successful in the global marketplace, employment opportunities in the IT sector are very limited and restricted to white collar jobs. India needs to develop her manufacturing capacities as well, if she is to provide employment opportunities for all classes of people, particularly those leaving the rapidly declining agricultural sector.

Key in all this, are the institutions that India is developing to promote the kind of growth that is envisaged -- the legal system, the financial trading exchanges, the central bank (RBI) and the political system. Such institutional infrastructure must accompany growth in physical infrastructure to accomplish the desired goals.

In our trip to India, we will visit firms in several industries, financial institutions, cultural and historical sites, and business schools. This year, we will be visiting Mumbai and the smaller towns of Pune and Nashik.

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/MAR 680V/MAR 356E 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 Mumbai, Nashik and Pune

Participation in all three aspects of the course is required.

Academic Integrity

Any student taking this course is presumed to agree to abide by the school policy on academic integrity, as described on page L-52 of the Graduate Catalog 2006-2007. Please obtain a copy of the catalog and familiarize yourself with the policy.

Disability Policy

School policy regarding disabilities is described on page L-56 of the Graduate Catalog. You can contact the disabilities coordinator at 212-346-1526. Information can also be found on the University webpage.


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 Meetings:

Information about in-class meetings are available on the Course Outline page.

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, specialized reports focusing on any two (non-cultural) visist in Bombay, Nashik or Pune. These reports will discuss the particular organization visited and related issues in detail. These reports should be about one to two 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.
    • The term paper will provide up-to-date information on some aspect of India -- either its economic development, or its financial markets or any particular industry. Using the data collected and presented, it must analyze the data, either quantitatively or qualitatively. In either case, it should come up with conclusions and add to our understanding of the subject matter.
    • Data used and presented must be documented by providing sources -- if the sources are websites, then the complete URL must be provided, as well as the date that the website was viewed.
    • Text can be quoted from sources, but this should be done sparingly. In any case, such quotations should be set off by a paragraph or put in inverted commas. Plagiarism will not be tolerated.
    • Attention should be paid to spelling, grammar and sentence structure. Make sure that your paper has a theme and has a flow; make use of paragraphs to introduce new ideas.
    • The paper should have a title, a date and an abstract of one or two paragraphs, which will function in the nature of an executive summary.
  • Students are expected to present their findings in a powerpoint presentation to the entire class during the last class session(s). (See course outline for details.) The number of slides that makes for an effective presentation in the time allotted (about 15 minutes, unless you're informed otherwise in class) is about 10-15.
    • The powerpoint slides have to be submitted for evaluation.
    • Make sure that the essence of the presentation is contained in the powerpiont slides.
    • The presentation should make sure to provide the thesis of the paper and this should be clear in the slides, as well.
    • One slide should contain one idea -- if more than one idea is presented in one slide, there should be some thematic connection. In any case, the amount of material in one slide should be limited and easily read.
    • Use bullets in your slides to present your points.

Course Structure:

See Blackboard

Readings by Area:

See Course Outline and Blackboard


For graduate students, MBA 632 (Minimum Grade of C)
For undergraduate students, FIN 260


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.