BE2 (BCOM 2nd)

UNIT-I

Distribution

Wages : Meaning, Types, Marginal Productivity Theory of Wages, Modern Theory of Wages.

Rent: Meaning ,Types, Ricardian Theory of Rent, Modern Theory of Rent, Quasi- Rent.

Interest: Meaning, Types, Classical Theory of Interest, Neo-Classical Theory of Interest,

Liquidity Preference Theory of Interest.

Profits: Nature, Types, Dynamic Theory of Profits, Innovation Theory of Profits, Risks Bearing

Theory of Profit, Uncertainty Bearing Theory of Profits.

National Income: Meaning, Concepts of National Income, Measurement of National Income,

Difficulties in Its Measurements, Its Significance.

UNIT- II

Say’s Law of Market: Meaning, Implications,

Classical Theory of Income Output and Employment:

Keynesian Theory of Employment.

Effective Demand: Determination, Importance

Consumption Function: Meaning, Factors Influencing Consumption Function, Average and

Marginal Propensities to Consume, Propensity to Save, Psychological Law of Consumption and

its Importance.

Marginal Efficiency of Capital: Meaning, Determinants, Theory of Secular Stagnation.

Investment: Meaning, Types, Factors Affecting Investment, Importance of Investment, Measures

to Raise Private Investment.

Multiplier: Meaning, Keynesian Income or Investment Multiplier, Leakages, Uses, Limitations

of Multiplier, Multiplier and Under-Developed Countries.