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BBA 204 Macro Economics Syllabus

This document provides the detailed syllabus for the Bachelor of Business Administration (BBA) Programme Macroeconomics course. The course aims to provide students with an understanding of basic macroeconomic theory and policy in a global context, with a focus on emerging economies like India. The syllabus covers 4 modules that will examine topics such as national income accounting, consumption functions, aggregate demand and supply, business cycles, inflation, international trade, public finance concepts like public revenue, expenditure, debt, and budgeting. Assessment will be based on a final exam worth 40 credit hours.

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82 views

BBA 204 Macro Economics Syllabus

This document provides the detailed syllabus for the Bachelor of Business Administration (BBA) Programme Macroeconomics course. The course aims to provide students with an understanding of basic macroeconomic theory and policy in a global context, with a focus on emerging economies like India. The syllabus covers 4 modules that will examine topics such as national income accounting, consumption functions, aggregate demand and supply, business cycles, inflation, international trade, public finance concepts like public revenue, expenditure, debt, and budgeting. Assessment will be based on a final exam worth 40 credit hours.

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pqd6csnnj5
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© © All Rights Reserved
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Detailed syllabus for Bachelor of Business Administration (BBA) Programme

Semester- 2nd Credit Points-4

Paper: MACROECONOMICS [BBA 204] Total credit hours- 40

Course Objective: The Course seeks to provide grounding in basic macroeconomic theory andpolicy
in a globalized world, with a focus on applications, especially in context of emergingeconomies like
India

Syllabus

Module I: Circular Flow of Income & National Income Accounting


Meaning of national income, Circular flow of income, National income and national product, Concept
of national income: GNP, NNP, NNP FC, Personal and disposable personal income, Measurement of
national income, Value added method, Expenditure method, Income method, difficulties in
measurement of national income, Difficulties in measuring national income in developing countries,,
Nominal GDP and Real GNP, Some numerical problems of calculation of national income, Questions
for review. [Text book: H.L. Ahuja, Macroeconomics: Theory & policy, 19 th Edition, Chapter:
2]

Module II

1. Consumption Function
The concept of consumption function, Average and marginal propensity to consume, Saving function:
Average propensity to save and marginal propensity to save, Determinants of propensity to consume:
Objective and subjective factors, Keynes theory of consumption and Keynes psychological law of
consumption, Important features of Keynes’ consumption function.
[Text book: H.L. Ahuja, Macroeconomics: Theory & policy, 19th Edition, Chapter: 6]

2. Determination of National Income: Keynes’ Basic Two Sector Model


Introduction, Aggregate expenditure, Aggregate output and 45 o income line, Determination of
equilibrium level of national income, Principle of effective demand, Under-employment equilibrium,
Determination of national income: Saving-Investment approach, Equilibrium level of national
income, Algebraic analysis, National income and employment, Antirecessionary policy: Shifting
aggregate expenditure curve upward, Relationship between saving and investment: Ex-post savings
and ex-post investment are always equal- Ex-ante investment are equal only in equilibrium, Concept
of inflationary or deflationary gaps, Some numerical problems, Questions for review.
[Text book: H.L. Ahuja, Macroeconomics: Theory & policy, 19th Edition, Chapter: 6]

3. IS-LM Curves Model


The goods market and money market: Links between them, Goods market equilibrium: The LM
curve, Shift in the LM curve, Intersection of the IS and LM curves: The simultaneous equilibrium of
goods and money market, The critique of IS-LM curves model, deriving aggregate demand curve
with IS-LM model, Causes of shift in aggregate demand curve, IS-LM curve model: Explaining the
role government’s fiscal and monetary policy, The three ranges of LM curve, The elasticity of LM
curve and effectiveness of monetary and fiscal policies.
[Text book: H.L. Ahuja, Macroeconomics: Theory & policy, 19th Edition, Chapter: 6]

Module III

1. Business cycles and stabilization


Introduction, Phases of business cycles, Economic stabilization policies
[Textbook: D.N. Dwivedi, Seventh Edition, Chapter 24, Section: 24.2, 24.4]

2. Inflation
Introduction, Definition of inflation, Kinds of inflation, effects of inflation, Policy measures to
control inflation [Textbook: D.N. Dwivedi, Seventh Edition, Chapter 25, Section: 25.2, 25.4, 25.5]

3. Theory of International Trade


Introduction, Adam Smith’s theory of Absolute Advantage, Ricardian Theory of Comparative
Advantage [Textbook: D.N. Dwivedi, Seventh Edition, Chapter 27, Section 27.1, 27.3, 27.4]
Module IV: Public Finance

1. Introduction
Meaning of Public Finance  Definitions of Public Finance  Scope of Public Finance  Role of
Government in an Economy  Public Finance and Private Finance The Principle of Maximum
Social Advantage [Textbook: Dr. D. Bose, Dr. S. Ganeshan, Dr. A. Marimuthu, An introduction
to Public finance, First edition, S. Chand & Company, Chapter 1]

2. Public Revenue
Meaning  Sources of Public Revenue  Non-Tax Revenue  Tax Revenue Objectives of Taxation 
Revenue of the Government of India Classification of Tax Goods & service tax (GST) [Textbook:
Dr. D. Bose, Dr. S. Ganeshan, Dr. A. Marimuthu, An introduction to Public finance, First
edition, S. Chand & Company, Chapter 2]

3. Public Expenditure
Meaning  Significance of Public Expenditure  Classification of Public Expenditure  Causes for the
Growth of Public Expenditure in India Textbook: Dr. D. Bose, Dr. S. Ganeshan, Dr. A.
Marimuthu, An introduction to Public finance, First edition, S. Chand & Company, Chapter 5]

4. Public Debt
Meaning  Definitions  Objectives of Public Debt  Classification of Public Debt
[Textbook: Dr. D. Bose, Dr. S. Ganeshan, Dr. A. Marimuthu, An introduction to Public finance,
First edition, S. Chand & Company, Chapter 6]

5. Financial Administration and Budget


Financial Administration  Objectives of a Budget  Characteristics of a Good Budget 
Classification of Budget [Textbook: Dr. D. Bose, Dr. S. Ganeshan, Dr. A. Marimuthu, An
introduction to Public finance, First edition, S. Chand & Company, Chapter 9]

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