BMS: Business Economics II

Unit 1 Introduction to Macroeconomics Data and Theory
Macroeconomics Meaning, Scope and ImportanceVIEW
Circular flow of aggregate income and expenditureVIEW
Closed and open economy ModelsVIEW
The Measurement of National product: Meaning and ImportanceVIEW
Conventional and Green GNPVIEW
NNP ConceptVIEW
Relationship between National income and Economic WelfareVIEW
Short run economic fluctuationsVIEW
Features and Phases of Trade cycleVIEW
The Keynesian principal of Effective Demand:VIEW
Aggregate Demand and Aggregate SupplyVIEW
Consumption function, Investment functionVIEW
Effects of investment Multiplier on change in income and outputVIEW
Unit 2 Money, Inflation and Monetary Policy
Money Supply: Determinants of Money SupplyVIEW
Factors influencing Velocity of Circulation of MoneyVIEW
Demand for MoneyVIEW
Classical and Keynesian approaches of Demand for MoneyVIEW
Keynesian liquidity preference theory of interestVIEW
Money and PricesVIEW
Quantity Theory of MoneyVIEW
Fisher equation of exchangeVIEW
Cambridge cash balance approachVIEW
InflationVIEW
Demand Pull inflationVIEW
Cost push inflationVIEW
Effects of inflation, Nature of inflation in Developing countriesVIEW
Monetary Policy: Meaning, Objectives and instrumentsVIEW
Inflation TargetingVIEW
Unit 3 Constitutes of Business Policy
Role of a Government to provide Public goodsVIEW
Principles of Sound and Functional financeVIEW
Fiscal policy: Meaning, objectivesVIEW
Contra cyclical Fiscal policyVIEW
Discretionary Fiscal PolicyVIEW
Instruments of Fiscal Policy:VIEW
Canons of TaxationVIEW
Factors influencing incidence of TaxationVIEW
Effects of taxation Significance of Public expenditureVIEW
Social security contributions- Low-income Support and Social Income PolicyVIEW
Public Debt: TypesVIEW
Fiscal SolvencyVIEW
Burden of Debt financeVIEW
Union Budget: Structure, DeficitVIEW
Fiscal Responsibility and Budget Management ActVIEW
Unit 4 Open economy: Theory and Issues of International Trade
The Basis of International TradeVIEW
Ricardo’s Theory of Comparative cost advantage, Gains from TradeVIEW
The Heckshers-ohlin theory of factor endowmentsVIEW
Terms of Trade, Meaning and TypesVIEW
Factors determine terms of tradeVIEW
Free Trade vs Protected TradeVIEW
Foreign InvestmentVIEW
Foreign portfolio investment, BenefitsVIEW
Foreign Direct Investment, MeritsVIEW
Role of Multinational corporationsVIEW
Balance of Payments: StructureVIEW
Types of DisequilibriumVIEW
Measures to correct disequilibrium in BPOVIEW
Foreign Exchange and foreign exchange MarketVIEW
Spot and Forward rate of exchangeVIEW
HedgingVIEW
Speculation and ArbitrageVIEW
Fixed and Flexible exchange rateVIEW
Managed flexibilityVIEW