SYBMS SEM III Managerial Economics-II

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Managerial Economics - II

(Macro Economics)
S.Y.B.M.S. - SEM III
Written by

A. D. Mascarenhas P. A. Johnson K. P. Mody


Content
Module 1 : Introduction to Macro Economics
Macro Economic Aggregates and concepts Circular Flow of Income, National Income and Related Concepts, Calculation of National Income, National Income and Social Welfare, Concept of Human Development Index; Supply of Money, Demand for Money, Price Level, Inflation and Stagflation. Determination of Income and Employment Overview of Classical and Keynesian Analysis, Business Cycles - Features, Causes and Remedial Measures, Equilibrium in the Goods and Money Markets (IS-LM)

Module 2 : Policy Environment


Role of State in Different Economic Systems, Theory of Economic Policy, Monetary Policy - Objectives and Instruments, Fiscal Policy - Objectives and Instruments, Impact on Business, Concept of Inclusive Growth, Economic Stabilization - Fiscal v/s Monetary Policy and Structural Policy, Trade Policy - Protection v/s Free Trade

Module 3 : International Trade


Overview of International Trade, Distinction Between Domestic and International Trade, Basis of Trade - Comparative Cost Difference, Factor Endowment and Factor Intensity, Balance of Payments - Accounting Structure, Disequilibrium (Types, Causes and Remedial Measures); Trends in India's Balance of Payments, Mechanism for International Payments, Flexible v/s Managed Exchange Rate Systems.

Module 4 : Globalization
Globalization - Meaning and Effects (Gains and Problems), Role of IMF and World Bank, Concept of Global Recession with Contagion Effects; World Trade Organisation - Agreements and Implications for India, Contentious Issues, Disputes, Settlement Mechanism; Foreign Capital - Need for Foreign Capital, Role of MNCs; FDI v/s Portfolio Investment, Causes of Rising FDI in India. Note : There should be Case Studies with special reference to India.

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