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MB 201
INDIAN ECONOMY & POLICY
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SRL NOBROAD TOPICSUB TOPICNO. OF LECTURESPROGRAMME OUTCOMEASSESSMENT
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1Circular Flow of IncomeNational Income Accounting –terms and concepts,2
TO UNDERSTAND THE DIFFERENT TERMS ASSOCIATED WITH GDP
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three methods of measuring1
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GDP/GNPunit test 1
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2Theory of Income DeterminationSimple Keynesian model:3introducing Keynesian macroeconmics
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Concepts of multiplier1understanding how national income eqlb is achieved.
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Closed & Open economy2conept of 3 & 4 sectors of economy
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Paradox of Thrift, Crowding out effect,1macro economic realizations
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Business cycle – phases and stabilization1to understand economic fluctuationsunit test 2
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3Introduction of Money and Asset MarketIS-LM model, 1extending the Keynesian model to include money market
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Fiscal policy and monetary policy using IS-LM3understanding major macro economic policiesquiz 1
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4Inflation and UnemploymentConcepts of inflation –2understanding the causes and effects of inflation
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Introduction to Philips curve1the short & long run raltion between inflation & unemployment
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Introduction to Foreign Trade & International Linkages
Concepts of Balance of Payments2components & different accounts of BOP
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Alternative exchange rate systems – fixed, flexible and managed float
1understanding exchange rates
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Comparative Advantage as basis for trade;1ricardian theory as a basis of trade
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Tariff and non-tariff barriers2tariff & quota - their effectsunit test 3
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6 Indian EconomyEvolution of Indian economy since independence1
understanding the performance of the economy since independence
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Liberalization of Indian economy since 19911economic changes since 1991
group presentation
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7New Industrial Policynew Industrial policy 19911
to highlight the changes introduced in the new industrial policy of 1991
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8Banking and Capital Market Reformsbanking sector reforms1
group presentation
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capital market reforms1
group presentation
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9Monetary and Fiscal Policy ReformsComposition of Indian money market1
group presentation
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Components and Instruments of Monetary policy2
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Concepts and Management of Deficits1
group presentation
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10Trade Policy ReformsMajor components of trade policy reforms1
group presentation
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Idea of FEMA, NITI AYOG role and function1
group presentation
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Current and capital account convertibility1
group presentation
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unit test 4
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quiz 2
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