Programme Trimester/Semester Faculty Course e-mail

PGDM IB, PGDM - RM II Prof Prema Basargekar Macro Economics & Policy prema@somaiya.ed

Course Objectives ! B siness en"ironmen# is largely infl enced $y c%anges %appening a# macro le"el in #%e economy s c% as na#ional income, aggrega#e sa"ings, in#erna#ional flo&s of in"es#men#s, e#c. '%e co rse on macro economics and policy is #o ena$le s# den#s #o familiari(e &i#% $asic macroeconomic principles and concep#s in order #o nders#and #%e glo$al economic en"ironmen# in &%ic% modern $ sinesses opera#e. '%is co rse deals &i#% key concep#s s c% as na#ional income, aggrega#e demand and s pply, money and infla#ion. I# also deals &i#% #%e role of go"ernmen# specifically &i#% reference #o India in reg la#ing #%e economy #%ro g% "ario s policies s c% as mone#ary, fiscal, #rade, e#c. '%e s $)ec# deals &i#% %o& an Indian economy is linked &i#% #%e res# of #%e &orld #%ro g% in#erna#ional #rade, e*c%ange ra#es and flo& of reso rces. +, Course content / Coverage (brief) ! Essence of macroeconomics, macroeconomic concep#s, de#ermina#ion of -., Infla#ion, /nemploymen#, 0iscal & Mone#ary policy 1, General Descri tion of Pe!agogy ! 2ec# res, case s# dies, class disc ssions

3, Stu!ent learning outcomes From t"e course # Be##er nders#anding a$o # na#ional and glo$al economic en"ironmen# 4, Session Details !

Session $o% +&1

To ics to be covere! Backgro nd of macro economics Essence of macroeconomics Macroeconomic goals 5irc lar flo& of Income -a#ional Income 6cco n#ing 5losed and 7pen economy 9o& an economy &orks; Meas ring #%e economy 5oncep# of GDP, -DP, Disposa$le

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policy Mi* Reforms in financial sec#or, $anking sec#or and capi#al marke# In#erna#ional 2inkage '%e Balance of Paymen# 0i*ed & 0loa#ing e*c%ange ra#es Managing e*c%ange ra#e Balance of 'rade 5api#al mo$ili#y Policy Dilemmas! in#ernal "s E*#ernal $alance 7"er"ie& and fea# res of Indian economy Pre reform period of India -eed for reforms & s#r c# ral reforms Pos# reform period! impac# of glo$ali(a#ion 8# den# Presen#a#ions.

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(% Te)tboo'# +. Dorn$ sc% R., 0is%er 8. and 8#ar#( R. B1@@4,, Macroeconomics, 'a#a McGra& 9ill, -in#% Edi#ion, BReprin# 1@@<, 1. 6% )a, 9. 2., Economic En"ironmen# of B siness *% Ot"er references# +. Manki& -. G., Macroeconomics, Cor#% P $lis%ers 1. P ri, D.E. & Misra, 8. E., Indian Economy, 9imalaya P $lis%ing 9o se, 3+s# edi#ion. 3. 8am elson Pa l and -ord%a s Cilliam B1@@<,, Economics, 'a#a McGra& 9ill, -e& Del%i, +> #% edi#ion 4. RBI! 9and$ook of 8#a#is#ics on Indian Economy, &&&.r$i.org.in <. Minis#ry of 0inance, Go"#. of India Economic 8 r"ey, /nion B dge#, &&&.finmin.nic.in *% +ssessment Criteria# Com onent 6##endance & 5lass Par#icipa#ion F i((es Gro p 6ssignmen#s ,eig"tage -. / 1@ G +@ G Descri tion

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