We are pleased to present the book on “Business Economics-II” for Second Year BMS, BBI, BIM and BFM, Semester IV, University of Mumbai with effect from the Academic Year 2017-18.
This book is designated to enable the students to understand the subject with its deepness. The book will also cater to the needs of all those desiring to make a mark in the field of Business Economics.
The work in the present book is very simple presentation of the facts and figures based on knowledge and learning.
This book is also useful for students appearing for the professional and competitive examinations.
The book covers the various topics such as in Unit-I: Introduction to Macroeconomic Data and Theory Money: has covered Macroeconomics, Circular Flow of Aggregate Income and Expenditure, The Measurement of National Product, Short Run Economic Fluctuations, The Keynesian Principle of Effective Demand, Unit-II Includes Money Supply, Demand for Money, Money and Prices, Inflation, Monetary Policy. Unit-III consists of Role of a Government, Fiscal Policy, Instruments of Fiscal Policy, and Union Budget. The last Unit-IV focuses on open economy: Theory and issues of international trade includes the Basis of International Trade, Foreign Investment, Balance of Payments, Foreign Exchange and Foreign Exchange Market.
The present book has strong capacity to understand the terminologies and concepts given in the syllabus with the latest data statistics. The book is written in a very simple and lucid manner to understand with simplicity.
Contents –
Unit 1: Introduction to Macroeconomic Data and Theory
1. Macroeconomics: Meaning, Scope and Importance
2. Circular Flow of Aggregate Income and Expenditure
3. The Measures of National Product: National Income
4. Short-run Economic Fluctuations: Trade Cycles
5. The Keynesian Principle of Effective Demand
6. Consumption Function
7. Investment Function
8. Investment Multiplier
Unit 2: Money, Inflation and Monetary Policy
9. Money Supply
10. Demand for Money
11. Money and Prices
12. Inflation
13. Monetary Policy
Unit 3: Constituent of Fiscal Policy
14. Role of Government — Principles of Sound and Functional Finance
15. Fiscal Policy
16. Instrument of Fiscal Policy
17. Incidence of Taxation
18. Effect of Taxation
19. Public Expenditure
20. Public Debt
21. Union Budget 2015-16
Unit 4: Open Economy: Theory and Issues of International Trade
22. The Basic of International Trade
23. Heckscher-Ohlin Theory of Factor Endowments
24. Terms of Trade
25. Gains from Trade
26. Free Trade vs. Protection
27. Foreign Investment
28. Balance of Payments
29. Foreign Exchange and Foreign Exchange Markets
Model Question Paper
