Assam University Bcom Syllabus 2ND SEMESTER BUSINESS ECONOMICS - II (Macro)’ click here to download now
B. COM 2ND SEMESTER
BUSINESS ECONOMICS - II (Macro)’
BCMP 204 (PASS PAPER)
Objective : The course familiarises the students with the basic principles of economics and its applications in business and management.
Full Marks - 50
UNIT 1:
MONEY 10
1.1 Concept & Function of Money, Role of Money in Capitalist, Socialist and Mixed Economy.1.2 Quantity theory of Money- Fisher and Cambridge.
UNIT 2:
INFLATION, DEFLATION & STAGFLATION 10
2.1 Inflation; meaning, causes different type- demand pull, cost push and structural theory, inflationary gap, effects of inflation on production and distribution, Remedial Measures.2.2 Deflation: Meaning, effects on production and distribution, Remedial Measures.
2.3 Stagflation: (Concept only)
UNIT 3
THEORY OF EMPLOYMENT 10
3.1 Classical theory of employment.3.2 Keynesian theory of Employment.
UNIT 4
NATIONAL INCOME 10
4.1 National Income: Some basic concepts, computation of national income, difficulties of National income estimation.4.2 Multiplier and accelerator.
UNIT 5
TRADE CYCLE AND INTERNATIONAL TRADE 10
5.1 Trade cycle: Meaning, features, Causes, Remedial Measures.5.2 International Trade: Concept, Ricardian theory of International Trade. H-O Theory.
Suggested Readings:
1. Mithani, D. M: Money Banking, International Trade & Public Finance, Himalaya Publishing House.2. Paul, R.R: Money, Banking & International Trade, Kalyani Publisher.
3. Ackley, G : Macro Economics, Theory and Practice, Macmillan.
4. Rama, Verma : Macro Economics analysis, Vishal Publications, Jallander.
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