Indian Economy And Policy by Dr Saroj Kumar MBA 2nd sem

Indian Economy And Policy by Dr. Saroj Kumar MBA 2nd sem

  MB 201: INDIAN ECONOMY AND POLICY

MODULE I

1.      Circular Flow of Income:  National Income Accounting –Terms and Concepts, Three Methods of Measuring GDP/GNP.                                                                                                                                      (3L)

2.      Theory of Income Determination Simple Keynesian Model: Aggregate Demand – Aggregate Supply Method, Savings Investment Method Concepts of Multiplier: Autonomous Expenditure Multiplier, Introducing the Government, Government Expenditure Multiplier, Tax Rate Multiplier, Balanced Budget Multiplier, Open Economy - Export and Import Multipliers. Paradox of Thrift, Crowding Out Effect, Business Cycle – Phases and Stabilization                                                                                                                                                         (6L)

3.      Introduction of Money and Asset Market: IS-LM Model, Fiscal Policy and Monetary Policy using IS-LM                                                                                                                                                               (4L)

4.      Inflation and Unemployment: Concepts of Inflation – Demand Pull and Cost Push, Stabilization Policies Introduction to Philips Curve as Relation between Inflation and Unemployment.                           (3L)

5.      Introduction to Foreign Trade & International Linkages: Concepts of Balance of Payments Alternative Exchange Rate Systems – Fixed, Flexible and Managed Float Comparative Advantage as basis for Trade; Tariff and Non-tariff Barriers.                                                                                                                          (4L)

 

MODULE II

6.      Indian Economy: An Overview Evolution of Indian Economy since Independence Liberalization of Indian Economy since 1991.                                                                                                                      (4L)

7.      New Industrial Policy: LPG Model, New Industrial Policy (1991)                                                 (4L)

8.      Banking and Capital Market Reforms: Banking Structure in India, Composition of Indian Capital Market, SEBI and Capital Market Reforms.                                                                                                           (4L)

9.      Monetary and Fiscal Policy Reforms: Composition of Indian Money Market Components and Instruments of Monetary Policy Concepts and Management of Deficits                                                                 (4L)

10.  Trade Policy Reforms: Major Components of Trade Policy Reforms Idea of FEMA, NITI AYOG Role and Function Current and Capital Account Convertibility.                                                                     (4L)