B.B.M Mangalore University-BUSINESS ECONOMICS

BM-202: BUSINESS ECONOMICS
Objective: To acquaint with the macro issues of business economics and give a better picture about the interdependency in the economy
UNIT I
Meaning .major issues and importance of Macro Economics-Supply side Economics Rational Expectations Theory-Keyne' s Theory of Employment-Principle of Effective Demand-Aggregate Supply-Aggregate Demand-Determination of the Equilibrium Level of Employment by Effective Demand -Under employment equilibrium -Causes of Depression and Cyclical Unemployment -Policy Implications of Keynes's Theory of Employment and Income-Importance of Fiscal Policy-Consumption Function - Average and Marginal Propensity to Consume-Factors determining Propensity to consume-Autonomous and Induced Investment-Determinants of Investment Contributions of Amartya Sen
12 Hrs
UNIT II
Index Numbers-Computation of simple. weighted Price Index numbers. Inflation-Meaning- Types-Causes-Effects- Measures to control inflation- Inflationary gap-Deflation-Effects-Stagflation-causes-Basic proposition of Supply side Economics- Reagonomies and supply side economics
Business Cycles-Phases-Features-Evil effects on Business firms-Minimizing effects
12 Hrs
UNIT III
Public Finance-Sources of Revenue- Tax and Non tax-Classification of Taxes-Canons of Taxation-Effects of taxation- VAT & its implication-Public Expenditure- Types Effect-Public debt-Importance-Public debt and inflation-Deficit Financing-Purpose impact on economic growth- Fiscal Policy-Objectives and role. Disinvestments Policy
12 Hrs
UNIT IV
India and the World Economy-Globalization-Emergence. steps and effect-India and WTO-DOHA Declaration- Any other latest development
12 hrs.
Total --------
48 hrs.
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BOOKS FOR STUDY
1. H.L. Ahuja-Macroeconomics for Business and Management
2. R.L. Varshney and K.L. Maheshwari-Managerial Economics 18th Revised and Enlarged
Edition
3. S. K. Misra and V. K. Puri-Indian Economy
4. D. M. Mithani-A Course in Business Economics
5. M.L.Seth-Money, Banking, International Trade & Public: Finance
6. D.N.Dwimdi - Managerial Economies (6th edition)
BOOKS FOR REFERENCE
1. Rosalind Levacic-Macro Economics The Static & Dynamic Analysis of Modern Economy
2. V. K. Bhalla & S. Shiva Ramu- International Business-Environment and Management
3. Ruddar Dati & K.P. M. Sundharam-Indian Economy-(Latest Edition)
4. B.P. Tyagi - Public Finance