ME (BCOM 2nd)

PART-A

UNIT I (12 Hrs.)

ï‚· Classical Theory of Employment: Say’s Law of Market

ï‚· Keynesian Theory of Employment

ï‚· National Income: Concept and Constituents, measurement, difficulties and importance

UNIT II (12 Hrs.)

ï‚· Consumption Function, Psychological Law of Consumption Function

ï‚· Investment : Types, Factors, Determining Investment

ï‚· Multiplier: Static and Dynamic, Limitations, Leakages and Importance

PART -B

UNIT III (12Hrs.)

ï‚· Marginal efficiency of Capital, prospective yield, determinants and importance

ï‚· Trade Cycle : Theories, Measures to control trade cycles

UNIT lV (12 Hrs.)

ï‚· Monetary Policy: Constituents, objectives and role in economic development

ï‚· Fiscal Policy: Constituents, objectives and role in economic development

ï‚· Inflation: Types, stagflation (Philip’s curve), Theories of Demand Pull and Cost Push

inflation causes, effects and measures to control inflation.