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IK Gujral Punjab Technical University

BBA Batch 2018 onwards

BBAGE 201-18 MANAGERIAL ECONOMICS-II

OBJECTIVES AND LEARNING OUTCOMES OF THE PAPER:

The objective of this paper is to equip the students with a framework that will be useful 

for  understanding  broad  features  of  the  behaviour  of  macroeconomic  situation  of  an 

economy for better decision making. 

Unit I 

National  Income:  Measuring  National  Income.  Problems  in  the  measurement  of 

National  Income.  Theories  of  Money:  Nature  and  functions  of  money  –  Types  of 

money: Near money, inside money and outside money. Theories of demand for money 

–  defining demand for money  –  Classical theories of demand for  money –  Friedman’s 

re-statement of Quantity Theory of Money; Liquidity preference theory and Keynesian 

Liquidity Trap. Theories of Supply of money; Defining supply of money; Measuring 

supply of money.

Unit II

Theories of Inflation and Unemployment: Meaning, Types and Theories of Inflation. 

-  Cost of inflation and sacrifice ratio.  -  Measurement of Inflation in India -  Policies to 

control  inflation  Meaning  and  types  of  unemployment.  -  Cost  of  unemployment  and 

Oakun’s  Law  Measurement  of  unemployment  in  India.  -  Concept  of  Stagflation  -Concept of Philips Curve.

Unit III

Business cycle:  Meaning, types and phases.  Monetary, Fiscal and Income policy  –

Meaning and instruments.  Multiplier: Concept, Features and Leakages. Foreign trade 

multiplier.

Unit IV

Macro-economic  Framework  in  Indian  Economy–Public  Finance–Tax  system  in 

India–Financial Administration: Finance Commission.