{"id":15741,"date":"2025-06-17T14:54:52","date_gmt":"2025-06-17T14:54:52","guid":{"rendered":"https:\/\/zedex.co.in\/vipulp\/?post_type=product&p=15741"},"modified":"2025-06-17T14:54:59","modified_gmt":"2025-06-17T14:54:59","slug":"business-economics-ii","status":"publish","type":"product","link":"https:\/\/zedex.co.in\/vipulp\/product\/business-economics-ii\/","title":{"rendered":"Business Economics – II"},"content":{"rendered":"

SYLLABUS<\/strong><\/em><\/h1>\n

(1)\u00a0\u00a0\u00a0\u00a0 Introduction to Macroeconomics Data and Theory:<\/strong><\/p>\n

Macroeconomics: <\/strong>Meaning, Scope and Importance.<\/p>\n

Circular flow of aggregate income and expenditure:<\/strong> Closed and Open Economy Models.<\/p>\n

The Measurement of national product: <\/strong>Meaning and Importance \u2013 Conventional and Green GNP and NNP concepts \u2013 Relationship between National Income and Economic Welfare.<\/p>\n

Short Run Economic Fluctuations: <\/strong>Features and Phases of Trade Cycles<\/p>\n

The Keynesian Principle of Effective Demand: <\/strong>Aggregate Demand and Aggregate Supply \u2013 Consumption Function \u2013 Investment function \u2013 Effects of Investment Multiplier on Changes in Income and Output.<\/p>\n

 <\/p>\n

(2)\u00a0\u00a0\u00a0\u00a0 Money, Inflation and Monetary Policy:\u00a0 \u00a0 \u00a0<\/strong><\/p>\n

Money Supply: <\/strong>Determinants of Money Supply \u2013 Factors influencing Velocity of Circulation of Money.<\/p>\n

Demand for Money: <\/strong>Classical and Keynesian approaches and Keynes\u2019 liquidity preference theory of interest.<\/p>\n

Money and prices:<\/strong> Quantity theory of money \u2013 Fisher\u2019s equation of exchange \u2013 Cambridge cash balance approach.<\/p>\n

Inflation: <\/strong>Demand Pull Inflation and Cost Push Inflation \u2013 Effects of Inflation \u2013 Nature of inflation in a developing economy.<\/p>\n

Monetary policy: <\/strong>Meaning, objectives and instruments, inflation targeting.<\/p>\n

 <\/p>\n

(3)\u00a0\u00a0\u00a0\u00a0 Constituents of Fiscal Policy:\u00a0 \u00a0\u00a0<\/strong><\/p>\n

Role of a Government <\/strong>to provide Public goods \u2013 Principles of Sound and Functional Finance.<\/p>\n

Fiscal Policy: <\/strong>Meaning, Objectives – Contra cyclical Fiscal Policy and Discretionary Fiscal Policy.<\/p>\n

Instruments of Fiscal policy: <\/strong>Canons of taxation \u2013 Factors influencing incidence of taxation \u2013 Effects of taxation Significance of Public Expenditure \u2013 Social security contributions \u2013 Low Income Support and Social Insurance Programmes \u2013 Public Debt \u2013 Types, Public Debt and Fiscal Solvency, Burden of Debt Finance.<\/p>\n

Union budget: <\/strong>Structure – Deficit concepts \u2013 Fiscal Responsibility and Budget Management Act.<\/p>\n

 <\/p>\n

(4)\u00a0\u00a0\u00a0\u00a0 Open Economy: Theory & Issues of International Trade:<\/strong><\/p>\n

The basis of international trade: <\/strong>Ricardo\u2019s Theory of Comparative Cost Advantage \u2013 Heckscher-Ohlin Theory of Factor Endowments \u2013 Terms of Trade \u2013 Meaning and Types \u2013 Factors determining Terms of Trade \u2013 Gains from trade \u2013 Free Trade versus Protection.<\/p>\n

Foreign Investment: <\/strong>Foreign Portfolio Investment \u2013 Benefits of Portfolio capital flows \u2013 Foreign Direct Investment \u2013 Merits of Foreign Direct Investment \u2013 Role of Multinational corporations.<\/p>\n

Balance of Payments: <\/strong>Structure – Types of Disequilibrium – Measures to correct disequilibrium in BOP.<\/p>\n

Foreign Exchange and foreign exchange market:<\/strong> Spot and Forward rate of Exchange \u2013 Hedging, Speculation and Arbitrage \u2013 Fixed and Flexible exchange rates \u2013 Managed flexibility.]<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

BAF — SEMESTER – III<\/h3>\n

BMS\/BBI\/BFM\/BIM — SEMESTER – IV<\/h3>\n

Author: Saraswathy Swaminathan<\/h2>\n

SIXTH EDITION<\/h2>\n","protected":false},"featured_media":14885,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"product_brand":[],"product_cat":[1045,1047,1048,1120,1116,1121,1118,1123,1056,1050,1110,1053,1084,1057,1054,1117,1122,1119],"product_tag":[],"class_list":{"0":"post-15741","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-baf","7":"product_cat-bfm","8":"product_cat-bim","9":"product_cat-compulsory-semester-iv-s-y-bfm","10":"product_cat-compulsory-semester-iii-s-y-baf","11":"product_cat-compulsory-semester-iv-s-y-bim","12":"product_cat-compulsory-semester-iv-s-y-bbi","13":"product_cat-compulsory-semester-iv-s-y-bms","14":"product_cat-s-y-baf","15":"product_cat-s-y-bbi","16":"product_cat-s-y-bfm","17":"product_cat-s-y-bim","18":"product_cat-s-y-bms","19":"product_cat-semester-iii-s-y-baf","20":"product_cat-semester-iv-s-y-bim","21":"product_cat-semester-iv-s-y-bbi","22":"product_cat-semester-iv-s-y-bms","23":"product_cat-semester-iv-s-y-bfm","25":"first","26":"instock","27":"shipping-taxable","28":"purchasable","29":"product-type-simple"},"acf":[],"_links":{"self":[{"href":"https:\/\/zedex.co.in\/vipulp\/wp-json\/wp\/v2\/product\/15741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zedex.co.in\/vipulp\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/zedex.co.in\/vipulp\/wp-json\/wp\/v2\/types\/product"}],"replies":[{"embeddable":true,"href":"https:\/\/zedex.co.in\/vipulp\/wp-json\/wp\/v2\/comments?post=15741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zedex.co.in\/vipulp\/wp-json\/wp\/v2\/media\/14885"}],"wp:attachment":[{"href":"https:\/\/zedex.co.in\/vipulp\/wp-json\/wp\/v2\/media?parent=15741"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/zedex.co.in\/vipulp\/wp-json\/wp\/v2\/product_brand?post=15741"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/zedex.co.in\/vipulp\/wp-json\/wp\/v2\/product_cat?post=15741"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/zedex.co.in\/vipulp\/wp-json\/wp\/v2\/product_tag?post=15741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}