Business Economics-III SYB.Com sem 3 Sheth Publication

• Publisher : Sheth
• Author: Mithani, Sayyed
• Edition: 2024
• Availability: In Stock
• Normally Deliver within 3-4 days

• Description :

   Syllabus
  

  1. INTRODUCTION
  

  ♦ Macroeconomics : Meaning, Scope and Importance.
  ♦ Circular flow of aggregate income and expenditure and its Importance – closed and open economy models
  ♦ The Measurement of National Product: Meaning and Importance of National Income Accounting – conventional and Green GNP and NNP concepts – National Income and Economic Welfare.
  ♦ Trade Cycles: Features and Phases
  ♦ Classical Macro economics : Say’s law of Markets – Features, Implications and Criticism

  2. BASIC CONCEPTS OF KEYNESIAN ECONOMICS
  ♦ The Principle of Effective Demand : Aggregate Demand and Aggregate Supply
  ♦ Consumption Function: Properties, Assumptions and Implications
  ♦ Investment Function and Marginal Efficiency of Capital
  ♦ Investment Multiplier effect on Income and Output: Assumptions, Working, Leakages, Criticism and Importance – paradox of thrift
  ♦ Relevance of Keynesian theory tools to the developing countries
  Liquidity Preference Theory of Interest

  3. POST KEYNESIAN DEVELOPMENTS IN MACRO ECONOMICS
  ♦ The IS-LM model of integration of commodity and money markets
  ♦ Inflation and unemployment : Philips curve
  ♦ Stagflation : meaning, causes, and consequences
  ♦ Supply side economics

  4. MONEY, PRICES AND INFLATION
  ♦ Money Supply: Determinants of Money Supply – Factors influencing Velocity of Circulation of Money
  ♦ Demand for Money : Classical and Keynesian approaches and Keynes’ liquidity preference theory of interest – Friedman’s restatement of Demand for money
  ♦ Money and prices : Quantity theory of money – Fisher’s equation of exchange – Cambridge cash balance approach
  ♦ Inflation : Demand Pull Inflation and Cost Push Inflation – Effects of Inflation- Nature of inflation in a developing economy – policy measures to curb inflation- monetary policy and inflation targeting