MI4401 Managerial Economics – II Syllabus:
MI4401 Managerial Economics – II Syllabus – Anna University PG Syllabus Regulation 2021
COURSE OBJECTIVE :
To introduce the students to the basic concepts of macroeconomics.
UNIT I NATIONAL INCOME
Introduction to National Income –Circular flow of income, concept of National Income, Measurement and determination of National Income.
UNIT II INFLATION
Inflation: meaning, types of inflation, Demand and cost push, Stagflation, Effects of inflation in economy and Philip’s Curve. Unemployment, Okun’s Law, Business cycle.
UNIT III THEORY OF INVESTMENT
Meaning of investment, Types of investment, Determinants of investment. Multiplier: investment multiplier; static and dynamic, tax multiplier, foreign trade multiplier, balanced budget multiplier, leakages from multiplier, importance and limitations.
UNIT IV MONEY
Definition of money, Functions of money, Concepts of money supply and money Demand. Money market equilibrium, monetary policy.
UNIT V INTERNATIONAL TRADE
International Trade -Importance , Advantages and Disadvantages – Trade Balance. Fiscal Policy.
TOTAL: 45 PERIODS
COURSE OUTCOME :
Students are expected to become familiar with principles of macro economics.
TEXT BOOKS :
1. Yogesh Maheswari, Managerial Economics, 3rd Edition, Phi Learning, New Delhi, 2012, Gupta G.S.
2. Paul A. Samuelson William D. Nordhau, Sudip Chaudhuri and Anindya Sen. Economics, 19th edition, Tata McGrawHill, New Delhi, 2010.
REFERENCES :
1. Richard Lipsey and Alec Charystal, Economics, 12th edition, Oxford, University Press, New Delhi, 2011.
2. Karl E. Case and Ray C. fair, Principles of Economics, 8th edition, Pearson, Education Asia, New Delhi, 2002.
3. Diwedi. D.N. Managerial Economics, 7th Edition, Vikas Publishing House Pvt. Ltd., 2009.
4. L. Peterson and Jain,Managerial Economics, 4th edition, Pearson Education.