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Macro Economics for Business
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BBA, Semester - IIIAccording to the New Syllabus of ‘Dr. Bhimrao Ambedkar University, Agra’SyllabusBBA 303: Macro Economics for Business Unit I (8 lectures) Introduction to Macro Economics : Definition, scope, Importance and Limitations of Macro Economics, Circular flow of Income in two, three, four sector economy, relation between leakages and injections in circular flow. Unit II (10 lectures) National Income: Concepts, definition, methods of measurement, National Income in India, Problems in measurement & precautions in estimation of national income. Macro Market Analysis: Theory of full employment and income, classical, modern (Keynesian) approach, consumption function, relationship between saving and consumption. Inflation: Meaning & Causes of inflation measures to control, differentiation between deflation, stagflation & Inflation. Business Cycle: Meaning, Characteristics and phases. Unit III (10 lectures) Money Market: Functions & forms of money demand for money- Classical, Keynesian & Friedmanian approach, Measures of Money Supply, Quantity theory of money. Monetary & Fiscal Policy: Meaning, Objectives and tools Balance of Payment: Meaning, Structure, Causes of Disequilibrium and methods of correcting disequilibrium. Unit IV (8 lectures) Equilibrium of Product: The IS-LM model, product market & money market, derivation shift, Equilibrium of IS-LM curve. Economic Problem of Growth: Saving and Capital formation, Poverty, Unemployment, Parallel Economy, Industrial Sickness.
BRA2023/BBA/03/2
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