Managerial Economics-II

Managerial Economics-II

Subject Code- BBAGE 201-18

Corse- BBA-2nd Semester

Course Objective: This course aims to acquaint students with economy as a whole including measurement of national income, inflation and unemployment, which an objective to inculcate understanding of  macroeconomic environment of an economy for better decision making.

Unit I

National Income: Measuring National Income. Problems in the measurement of National Income.

Theories of Money: Nature and functions of money – Types of money: Near money, inside money and outside money. Theories of demand for money – defining demand for money – Classical theories of demand for money – Friedman’s re-statement of Quantity Theory of Money; Liquidity preference theory and Keynesian Liquidity Trap. Theories of Supply of money; Defining supply of money; Measuring supply of money.

Unit II

Theories of Inflation and Unemployment: Meaning, Types and Theories of Inflation. – Cost of inflation and sacrifice ratio. – Measurement of Inflation in India – Policies to control inflation Meaning and types of unemployment. – Cost of unemployment and Oakun’s Law Measurement of unemployment in India. – Concept of Stagflation – Concept of Philips Curve.

Unit III

Business cycle: Meaning, types and phases. Monetary, Fiscal and Income policy – Meaning and instruments. Multiplier: Concept, Features and Leakages. Foreign trade multiplier.

 Unit IV

Macro-economic Framework in Indian Economy–Public Finance–Tax system in India–Financial Administration: Finance Commission.

Last page

Reference/Source:

1. Managerial Economics, TR Jain, V.K Publications
2. Managerial Economics, P.N Chopra, Kalyani Publishers
3. Macro Economics, P.N Chopra, Kalyani Publishers
4. https://www.investopedia.com
5. http://www.economicsdiscussion.net
6. https://www.slideshare.net
7. https://economictimes.indiatimes.com
8. https://wikipeda.com