Managerial Economics-II

Syllabus

BBA 201-18: MANAGERIAL ECONOMICS-II

Unit-1:

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-2:

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-3:

Business Cycle: Meaning, Types and Phases. Monetary, Fiscal and Income Policy – Meaning and Instruments. Multiplier: Concept, Features and Leakages. Foreign Trade Multiplier.

Unit-4:

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