Savitribai Phule Pune University, Maharashtra (SPPU), General , Business Economics Syllabus

Business Economics (Macro)

UNIT- 1 Basic Concepts of macro Economics
1.1 Meaning of Macro Economics
1.2 Nature and Scope of Macro Economics
1.3 Significance and limitations of Macro Economics
1.4 Difference between Micro and Macro Economics

UNIT- 2 National Income

2.1 Meaning & Importance of National Income
2.2 Concept -
a) Gross National Product (GNP)
b) Net National Product (NNP)
c) Income at Factor cost or National Income at Factor Prices
d) Per Capita Income
e) Personal Income ( PI )
f) Disposable Income( DI )
2.3 Measurement of National Income – Circular Flow of Income-Two
sector model
2.4 Difficulties in Measurement of National Income

UNIT- 3 Money

3.1 Meaning and functions of Money
3.2 Demand for Money – Classical and Keynesian Approach
3.3 Supply of Money
a) Role of Central Bank – Credit Control- Quantitative and
Qualitative
b) Reserve Bank of India’s New Money Measures
3.4 Role of Commercial Banks – Process of Multiple Credit Creation and
its limitations

UNIT- 4 Value of Money

4.1 Meaning & Concept of Value of Money
4.2 Quantity Theory of Money
4.3 Cash Balance approach – Cambridge Equation - Pigou, Marshall,
Keynes
4.4 Milton Friedman’s Approach
4.5 Difference between Quantity Theory and Cash Balance Approach Theory 

UNIT- 5

Inflation and Deflation
5.1 Inflation and Deflation – Meaning, Causes and effects
5.2 Demand Pull and cost Push inflation
5.3 Inflationary Gap
5.4 Philips Curve – Supply side Economics
5.5 Stagflation

10

UNIT- 6 Trade Cycle -

6.1 Meaning, Definition and features of Trade Cycle
6.2 Phases of Trade Cycle
6.3 Policy for control of Trade Cycle – Monetary and Fiscal Measures
 

UNIT- 7 Theories of Output and Employment

7.1 Classical Theories of Employment – Says , Pigoue , Fisher
7.2 Keynesian Criticism on Classical Theories of Employment
7.3 Keynesian Theory of Employment

UNIT-8 Public Finance

8.1 Meaning, Nature and Scope of Public Finance
8.2 Principle of Maximum Social advantage-Dr. Dalton’s Approach
8.3 Public Revenue and Expenditure
8.4 Types of Taxation
8.5 Principles of Taxation
8.6 Effects of Taxation
8.7 Causes of increasing Public Expenditure