B.COM (PART- III) LUCKNOW UNIVERSITY.

Size: px
Start display at page:

Download "B.COM (PART- III) LUCKNOW UNIVERSITY."

Transcription

1 INDIAN ECONOMIC STRUCTURE Unit I Nature of Indian Economy, Features of a Developing Economy, Characteristics and problems of Indian Economy, Objectives of Economics, Planning in India. India s Five Year Plans Achievements and Failures. Indian Agriculture Its Features and Problems, Agricultural Development In Planned Era, Green Revaluation, Agricultural Marketing, Rural Indebtedness, Rural Industrialization, Integrated Rural Development Programmes, Rural Electrification, Panchayat Raj, Co-operative Movements. Unit II Population Growth and Population Explosion, Population Policy and Programmes, Problem of Unemployment, Forms of Unemployment, Employment Programmes and Poverty Alleviation in India. Large Scale, Small Scale and Cottage Industries, Industrial Development During Five Year Plans, Public Sectors and Private Sector, Industrial Relations, Industrial Policy, Industrial Sickness, Industrial Finance, Unit- IV Money Market and Capital Market structure, Capital Formation, Indian Money Market, Monetary and Fiscal Policies, Deficit financing and its Implications. 1. Agarwal, A.N. Indian Economy 2. Datta and Sundaram Indian Economy 3. Misra S.K. and Puri V.K. Indian Economy 4. Gupta N.S. Industrial Economy of India 5. Mishra R.P,. Rural Development 6. Government of India Five year plans 7. Government of India Economy Survey 8. Reserve Bank of India Annual Reports on Currency & Finance.

2 MACRO- ECONOMICS Unit-I Concept Definition and scope of Macro-Economics, Statics and Dynamics, The Circular flow of Income. The Analysis and Measurement of Economic Activity National Income Accounting Concept and Definitions of National Income, Various Component of National Income, Methods of Measurement of National Income and Welfare. Unit II The consumption function The Keynesian Consumption Function, Relative Income Hypothesis, Permanent Income Hypothesis Multiplier and the Process of Income Propagation. The investment function Autonomous and Induced Investment, Government and the Theory of Income Determination Government Purchases and Income, Taxes and Equilibrium Level of Income, Tax Multiplier. Determination of the Equilibrium Level of Income The Simple Keynesian Model. Marginal Efficiency of Capital, Relation between MEC and MEI, The Derivation and Shift in IS and LM Curves, the Interaction between IS and LM Curves, The Acceleration Principle, Theories of Employment Say s Law of Market and Classical Theory of Employment, Saving Investment Analysis, An outline of Keynesian Theory of Employment. Unit-IV Theory of Inflation Concepts of Inflation, Inflationary Gaps Demand Pull and Cost Push Inflation. The Philips Curve, Effects of Inflation. Anti-Inflation Policies Monetary and Fiscal Policies. Fluctuation and Growth Hawtrey, Hayek, Schumpeter, Samuelson, Hicks. Theories of population Malthusian Theory and Theory of Optimum Population. 1. Stonier and Hague A text book of economic theory. 2. Deruburg and Dougal, M.C. Macro Economics 3. Acklay, G.- Macro Economic 4. Carl Schapiro Macro Economic Theory 5. Jha Raghbendra Contemporary Macro-Economic Theory and Policy

3 FOREIGN TRADE OF INDIA Unit I Introduction Trade its meaning and types, Difference between Internal and International Trade. Theories of International Trade: Absolute and Comparative Cost Advantage Theory, Hecksher- Ohlin, Opportunity Cost Theory, Availability Approach, India s Internal Trade- Characteristics and Problems, Coastal trade and trade of Uttar Pradesh, Terms of Trade, Trade : Terminology and Abbreviations. Unit-II Foreign Trade of India Before Independence, During Planning Period, Recent trends in India s Foreign Trade. Major Items of Exports: Composition, Direction and Future Prospects, Major Items of Imports: Composition, Direction and Future Prospects. Free Trade and Protective trade policies, India s Major trading partners. Financing of foreign trade, National Level Financing Institutions: EXIM Bank, ECGC and other institutions in financing of foreign trade, STC, MMTC, SEZ, and EPZ. Export promotions. Unit IV Strategy for Trade Policy in India General Developments during Planning Period, Recent World trade Scenario, Recent changes in trade policy, Trade agreements Bilateral and Multilateral Trade Agreements, GATT & UNCTAD, WTO, India s Balance of Trade and Balance of Payments. 1) Jaiswal Bimal & Sigh A.K.- Foreign Trade of India 2) Yadav R.S. & Pandey Prashant Trade of India (Hindi Verson) 3) Bhagwati J. Srinivasan Foreign Trade regimes and Economics development 4) Plaekar Trade of India 5) Salvi P.G. New Directions on India s Trade policy. 6) Cherrunilam F. International Trade Export Manager 7) Singh, M India s Export trends 8) Varshney R.L. India s Foreign Trade

4 APPLIED & BUSINESS STATISTICS Unit- I Statistical System in India- Statistical Organizations at Central and State Level, Central Statistical Organization, National Sample Survey Organization, Departmental Divisions etc. and their Publications. Agriculture Statistics in India-Nature of Crop Estimates, Estimation of Area, Yield and Export of Agriculture Produce. Industrial Statistics- Sources, Types and Utility, Annual Survey of Industries. Statistics of Prices Wholesale and Retail Price. Unit-II Population Statistics-Nature and Importance, Population Census in India Methods of population projection, Life Table and measurements of life related events. Vital Statistics- Computation of Mortality Rates, Birth and Fertility Rates, Reproduction Rates. Unit-III Analysis of Time Series- Concept and Components, Different Methods used for Measurement of Trend Value and Seasonal Indices, Cyclical and Irregular Variation. Index Numbers-Meaning, Types and Importance, Methods of constructing Index Numbers, Fixed Base and Chain Base Index, Weighted Index, Cost of Living Index, Real Wage Index. Unit-IV National Income Statistics-Methods of Measuring National Income and Related Aggregates. Statistical Quality Control-Construction and uses of Control Charts. Business Forecasting-Concept, Significance and Techniques. 1. Elhance, D. N. - Indian Statistics 2. Gupta, S. P. - Statistical Methods 3. Abrar, Anjum - Applied and Business Statistics 4. Asthana and Srivastava- Applied Statistics in India 5. Gupta, C. B. - Statistical Methods 6. Singh, A.K. - Applied and Business Statistics

5 INDIAN FINANCIAL SYSTEMS Unit I : Financial Systems & Money Market Definition, Significance and its Relationship with Economic Development, An overview of the Indian Financial Systems, The constituents of a Financial System Markets, Financial Market as a part of Financial System, Indian Money Market: its Institutions, Instruments and Financial Services, Reforms of Indian Money Market. Unit II : Capital Market Concept, Characteristics and Functions, The Primary (New Issue market) and the Secondary Market, Instruments of Capital Market, Capital market institutions The Stock Exchange, its Organization, Functions and Control, Capital Market in India, SEBI, OTCEI and N.S.E & B.S.E, Reforms of Indian Capital Market. Unit III : Banking Institutions The RBI, Commercial Banks Function and Present Position, Problems of Capital Adequacy, Risk Management in Banks BASEL Norms & other Commercial Banking Reforms. Unit IV : Non Banking Financial Intermediaries Investment institutions like LIC, GIC, Mutual Funds and other Non-Banking Financial Intermediaries - their Objectives, Functions, Organization, Operational Aspects and Present Position, International Financial Institutions. 1. Bhole, M.K.- Financial Markets and Institutions 2. Khan, M.Y.- Indian Financial Systems 3. Srivastava, R.M.- Management of Indian Financial Institutions, 4. Kuchal, S.C.-Corporation Finance 5. Khan, M.Y.-Industrial Finance 6. Desai, V.- Development Banking 7. Kuchhal, S.C.-The Industrial Economy of India

UNIVERSITY OF MUMBAI

UNIVERSITY OF MUMBAI AC 19/3/2012 Item No. 4.5 UNIVERSITY OF MUMBAI Revised Syllabus for the S.Y.B.A Program: B.A Course: ECONOMICS (PAPER- II & III) Semester- III & IV (As per Credit Based Semester and Grading System with

More information

Scheme of B.A. (Economics Hons.) Semester System

Scheme of B.A. (Economics Hons.) Semester System Scheme of B.A. (Economics Hons.) Semester System B.A.Part-1 Semester-1 Nomenclature Paper-101 Micro Economics -I Paper-102 Macro Economics -I Semester-2 Paper-203 Micro Economics -II Paper-204 Macro Economics

More information

WASSCE / WAEC ECONOMICS SYLLABUS

WASSCE / WAEC ECONOMICS SYLLABUS WASSCE / WAEC ECONOMICS SYLLABUS WWW.LARNEDU.COM Visit www.larnedu.com for WASSCE / WAEC syllabus on different subjects and more great stuff to help you ace the WASSCE in flying colours. PREAMBLE This

More information

SRI VIVEKANANDA WOMENS DEGREE COLLEGE Ngo Colony, Opp. Old Sivalayam, Kadapa. (Affiliated to Y.V. University)

SRI VIVEKANANDA WOMENS DEGREE COLLEGE Ngo Colony, Opp. Old Sivalayam, Kadapa. (Affiliated to Y.V. University) BBM III YEAR 301- International Business Management Anatomy of international business environment: meaning of IB, international business environment and its economic, political, legal, social and cultural-

More information

Faculty of Commerce, Lucknow University B.Com. Part-I (Syllabus)

Faculty of Commerce, Lucknow University B.Com. Part-I (Syllabus) Faculty of Commerce, Lucknow University B.Com. Part-I (Syllabus) Compulsory all three Groups A,B,C. There shall be two papers in each group of 100 marks each. In each paper, there shall be one compulsory

More information

Centre for Economic and Social Studies

Centre for Economic and Social Studies 1. The following is the structure of question paper for Commerce: _ Managerial Economics, Accounting Type of Question Marketing, Management & Finance Marks Business Environment (a) Short Answer Type 5

More information

FINANCING OF AGRICULTURE BY COMMERCIAL BANKS PROBLEMS FACED BY FARMERS (An Empirical Study)

FINANCING OF AGRICULTURE BY COMMERCIAL BANKS PROBLEMS FACED BY FARMERS (An Empirical Study) FINANCING OF AGRICULTURE BY COMMERCIAL BANKS PROBLEMS FACED BY FARMERS (An Empirical Study) Dr. Kewal Kumar 1 and Atul Gambhir 2 1 Principal, Institute of Management and Technology, Kashipur, Uttarakhand

More information

The Aggregate Demand- Aggregate Supply (AD-AS) Model

The Aggregate Demand- Aggregate Supply (AD-AS) Model The AD-AS Model The Aggregate Demand- Aggregate Supply (AD-AS) Model Chapter 9 The AD-AS Model addresses two deficiencies of the AE Model: No explicit modeling of aggregate supply. Fixed price level. 2

More information

S.Y.B.COM. (SEM-III) ECONOMICS

S.Y.B.COM. (SEM-III) ECONOMICS Fill in the Blanks. Module 1 S.Y.B.COM. (SEM-III) ECONOMICS 1. The continuous flow of money and goods and services between firms and households is called the Circular Flow. 2. Saving constitute a leakage

More information

How To Learn Economics In India

How To Learn Economics In India B.A. PROGRAMME DISCIPLINE COURSE ECONOMICS COURSE CONTENTS (Effective from the Academic Year 2011-2012 onwards) DEPARTMENT OF ECONOMICS UNIVERSITY OF DELHI DELHI 1 Syllabus for B.A. Programme - Economics

More information

CHAPTER 7: AGGREGATE DEMAND AND AGGREGATE SUPPLY

CHAPTER 7: AGGREGATE DEMAND AND AGGREGATE SUPPLY CHAPTER 7: AGGREGATE DEMAND AND AGGREGATE SUPPLY Learning goals of this chapter: What forces bring persistent and rapid expansion of real GDP? What causes inflation? Why do we have business cycles? How

More information

The Circular Flow of Income and Expenditure

The Circular Flow of Income and Expenditure The Circular Flow of Income and Expenditure Imports HOUSEHOLDS Savings Taxation Govt Exp OTHER ECONOMIES GOVERNMENT FINANCIAL INSTITUTIONS Factor Incomes Taxation Govt Exp Consumer Exp Exports FIRMS Capital

More information

Econ 202 Final Exam. Table 3-1 Labor Hours Needed to Make 1 Pound of: Meat Potatoes Farmer 8 2 Rancher 4 5

Econ 202 Final Exam. Table 3-1 Labor Hours Needed to Make 1 Pound of: Meat Potatoes Farmer 8 2 Rancher 4 5 Econ 202 Final Exam 1. If inflation expectations rise, the short-run Phillips curve shifts a. right, so that at any inflation rate unemployment is higher. b. left, so that at any inflation rate unemployment

More information

Life Insurance Market Report - India

Life Insurance Market Report - India Brochure More information from http://www.researchandmarkets.com/reports/1839253/ Life Insurance Market Report - India Description: The Indian life insurance sector has grown at a fast pace since liberalisation

More information

EC2105, Professor Laury EXAM 2, FORM A (3/13/02)

EC2105, Professor Laury EXAM 2, FORM A (3/13/02) EC2105, Professor Laury EXAM 2, FORM A (3/13/02) Print Your Name: ID Number: Multiple Choice (32 questions, 2.5 points each; 80 points total). Clearly indicate (by circling) the ONE BEST response to each

More information

Economics 101 Multiple Choice Questions for Final Examination Miller

Economics 101 Multiple Choice Questions for Final Examination Miller Economics 101 Multiple Choice Questions for Final Examination Miller PLEASE DO NOT WRITE ON THIS EXAMINATION FORM. 1. Which of the following statements is correct? a. Real GDP is the total market value

More information

Thinkwell s Homeschool Economics Course Lesson Plan: 36 weeks

Thinkwell s Homeschool Economics Course Lesson Plan: 36 weeks Thinkwell s Homeschool Economics Course Lesson Plan: 36 weeks Welcome to Thinkwell s Homeschool Economics! We re thrilled that you ve decided to make us part of your homeschool curriculum. This lesson

More information

Chapter 1. Why Study Money, Banking, and Financial Markets?

Chapter 1. Why Study Money, Banking, and Financial Markets? Chapter 1 Why Study Money, Banking, and Financial Markets? Why Study Money, Banking, and Financial Markets To examine how financial markets such as bond, stock and foreign exchange markets work To examine

More information

CH 10 - REVIEW QUESTIONS

CH 10 - REVIEW QUESTIONS CH 10 - REVIEW QUESTIONS 1. The short-run aggregate supply curve is horizontal at: A) a level of output determined by aggregate demand. B) the natural level of output. C) the level of output at which the

More information

CONCEPT OF MACROECONOMICS

CONCEPT OF MACROECONOMICS CONCEPT OF MACROECONOMICS Macroeconomics is the branch of economics that studies economic aggregates (grand totals):e.g. the overall level of prices, output and employment in the economy. If you want to

More information

Econ 202 H01 Final Exam Spring 2005

Econ 202 H01 Final Exam Spring 2005 Econ202Final Spring 2005 1 Econ 202 H01 Final Exam Spring 2005 1. Which of the following tends to reduce the size of a shift in aggregate demand? a. the multiplier effect b. the crowding-out effect c.

More information

Aggregate Supply and Aggregate Demand

Aggregate Supply and Aggregate Demand 26 Aggregate Supply and Aggregate Demand Learning Objectives Explain what determines aggregate supply Explain what determines aggregate demand Explain what determines real GDP and the price level and how

More information

Finance and Economics Course Descriptions

Finance and Economics Course Descriptions Finance and Economics Course Descriptions Finance Course Descriptions FIN 250 Financial Management This course addresses the theory and practice of financial management and the role of the Financial Manager.

More information

7 AGGREGATE SUPPLY AND AGGREGATE DEMAND* Chapter. Key Concepts

7 AGGREGATE SUPPLY AND AGGREGATE DEMAND* Chapter. Key Concepts Chapter 7 AGGREGATE SUPPLY AND AGGREGATE DEMAND* Key Concepts Aggregate Supply The aggregate production function shows that the quantity of real GDP (Y ) supplied depends on the quantity of labor (L ),

More information

Agenda. Business Cycles. What Is a Business Cycle? What Is a Business Cycle? What is a Business Cycle? Business Cycle Facts.

Agenda. Business Cycles. What Is a Business Cycle? What Is a Business Cycle? What is a Business Cycle? Business Cycle Facts. Agenda What is a Business Cycle? Business Cycles.. 11-1 11-2 Business cycles are the short-run fluctuations in aggregate economic activity around its long-run growth path. Y Time 11-3 11-4 1 Components

More information

Economics B. A. Part I

Economics B. A. Part I B. A. Part I There shall be two papers: Paper I Principles of Economic Analysis Scope and Method: Nature of Economic Laws, Basic equilibrium, utility, elasticity, competition. Mathematical Concepts: Variables,

More information

2 0 0 0 E D I T I O N CLEP O F F I C I A L S T U D Y G U I D E. The College Board. College Level Examination Program

2 0 0 0 E D I T I O N CLEP O F F I C I A L S T U D Y G U I D E. The College Board. College Level Examination Program 2 0 0 0 E D I T I O N CLEP O F F I C I A L S T U D Y G U I D E College Level Examination Program The College Board Principles of Macroeconomics Description of the Examination The Subject Examination in

More information

Factors that Shift the IS Curve

Factors that Shift the IS Curve Factors that Shift the IS Curve A change in autonomous factors that is unrelated to the interest rate Changes in autonomous consumer expenditure Changes in planned investment spending unrelated to the

More information

Use the following to answer question 9: Exhibit: Keynesian Cross

Use the following to answer question 9: Exhibit: Keynesian Cross 1. Leading economic indicators are: A) the most popular economic statistics. B) data that are used to construct the consumer price index and the unemployment rate. C) variables that tend to fluctuate in

More information

These are some practice questions for CHAPTER 23. Each question should have a single answer. But be careful. There may be errors in the answer key!

These are some practice questions for CHAPTER 23. Each question should have a single answer. But be careful. There may be errors in the answer key! These are some practice questions for CHAPTER 23. Each question should have a single answer. But be careful. There may be errors in the answer key! 67. Public saving is equal to a. net tax revenues minus

More information

Business Conditions Analysis Prof. Yamin Ahmad ECON 736

Business Conditions Analysis Prof. Yamin Ahmad ECON 736 Business Conditions Analysis Prof. Yamin Ahmad ECON 736 Sample Final Exam Name Id # Instructions: There are two parts to this midterm. Part A consists of multiple choice questions. Please mark the answers

More information

Econ 336 - Spring 2007 Homework 5

Econ 336 - Spring 2007 Homework 5 Econ 336 - Spring 2007 Homework 5 Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The real exchange rate, q, is defined as A) E times P B)

More information

The labour market, I: real wages, productivity and unemployment 7.1 INTRODUCTION

The labour market, I: real wages, productivity and unemployment 7.1 INTRODUCTION 7 The labour market, I: real wages, productivity and unemployment 7.1 INTRODUCTION Since the 1970s one of the major issues in macroeconomics has been the extent to which low output and high unemployment

More information

MASTER OF PHILOSOPHY M.Phil (Management)

MASTER OF PHILOSOPHY M.Phil (Management) MASTER OF PHILOSOPHY M.Phil (Management) M.PHIL COURSE STRUCTURE COURSE STRUCTURE OF M.PHIL(MANAGEMENT) Paper Marks Total Terms End Examination Internal Assessment (Seminar, Test) Viva Marks SEMESTER I

More information

BADM 527, Fall 2013. Midterm Exam 2. Multiple Choice: 3 points each. Answer the questions on the separate bubble sheet. NAME

BADM 527, Fall 2013. Midterm Exam 2. Multiple Choice: 3 points each. Answer the questions on the separate bubble sheet. NAME BADM 527, Fall 2013 Name: Midterm Exam 2 November 7, 2013 Multiple Choice: 3 points each. Answer the questions on the separate bubble sheet. NAME 1. According to classical theory, national income (Real

More information

ECONOMICS (64) CLASS IX

ECONOMICS (64) CLASS IX Aims: 1. To acquire the knowledge of terms, facts, concepts, trends, principles, assumptions, etc. in Economics. 2. To develop familiarity with the basic terminology and elementary ideas of Economics.

More information

In this chapter we learn the potential causes of fluctuations in national income. We focus on demand shocks other than supply shocks.

In this chapter we learn the potential causes of fluctuations in national income. We focus on demand shocks other than supply shocks. Chapter 11: Applying IS-LM Model In this chapter we learn the potential causes of fluctuations in national income. We focus on demand shocks other than supply shocks. We also learn how the IS-LM model

More information

Answers to Text Questions and Problems in Chapter 8

Answers to Text Questions and Problems in Chapter 8 Answers to Text Questions and Problems in Chapter 8 Answers to Review Questions 1. The key assumption is that, in the short run, firms meet demand at pre-set prices. The fact that firms produce to meet

More information

Equilibrium in the Aggregate Economy. Equilibrium in Aggregate Economy. Short-Run Equilibrium. Short-Run Equilibrium

Equilibrium in the Aggregate Economy. Equilibrium in Aggregate Economy. Short-Run Equilibrium. Short-Run Equilibrium quilibrium in Aggregate conomy quilibrium in the Aggregate conomy Changes in the SAS, AD, and curves affect short-run and long-run equilibrium. Short-Run quilibrium Short-run equilibrium is where the AS

More information

Unemployment. AS Economics Presentation 2005

Unemployment. AS Economics Presentation 2005 Unemployment AS Economics Presentation 2005 Key Issues The meaning of unemployment Different types of unemployment Consequences of unemployment Unemployment and economic growth Recent trends in UK unemployment

More information

A BRIEF HISTORY OF BRAZIL S GROWTH

A BRIEF HISTORY OF BRAZIL S GROWTH A BRIEF HISTORY OF BRAZIL S GROWTH Eliana Cardoso and Vladimir Teles Organization for Economic Co operation and Development (OECD) September 24, 2009 Paris, France. Summary Breaks in Economic Growth Growth

More information

INTRODUCTION AGGREGATE DEMAND MACRO EQUILIBRIUM MACRO EQUILIBRIUM THE DESIRED ADJUSTMENT THE DESIRED ADJUSTMENT

INTRODUCTION AGGREGATE DEMAND MACRO EQUILIBRIUM MACRO EQUILIBRIUM THE DESIRED ADJUSTMENT THE DESIRED ADJUSTMENT Chapter 9 AGGREGATE DEMAND INTRODUCTION The Great Depression was a springboard for the Keynesian approach to economic policy. Keynes asked: What are the components of aggregate demand? What determines

More information

Agenda. The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis, Part 3. Disequilibrium in the AD-AS model

Agenda. The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis, Part 3. Disequilibrium in the AD-AS model Agenda The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis, art 3 rice Adjustment and the Attainment of General Equilibrium 13-1 13-2 General equilibrium in the AD-AS model Disequilibrium

More information

Edmonds Community College Macroeconomic Principles ECON 202C - Winter 2011 Online Course Instructor: Andy Williams

Edmonds Community College Macroeconomic Principles ECON 202C - Winter 2011 Online Course Instructor: Andy Williams Edmonds Community College Macroeconomic Principles ECON 202C - Winter 2011 Online Course Instructor: Andy Williams Textbooks: Economics: Principles, Problems and Policies, 18th Edition, by McConnell, Brue,

More information

PLANNING. Five Year Plans / Rural and Urban Development / Poverty / Unemployment / Population

PLANNING. Five Year Plans / Rural and Urban Development / Poverty / Unemployment / Population Vision IAS www.visionias.cfsites.org www.visionias.wordpress.com GENERAL STUDIES (MAINS) Questions Pattern & Trends Analysis INDIAN ECONOMY & INDIA S ECONOMIC INTERACTION WITH THE WORLD GROWTH & DEVELOPMENT

More information

PROJECTION OF THE FISCAL BALANCE AND PUBLIC DEBT (2012 2027) - SUMMARY

PROJECTION OF THE FISCAL BALANCE AND PUBLIC DEBT (2012 2027) - SUMMARY PROJECTION OF THE FISCAL BALANCE AND PUBLIC DEBT (2012 2027) - SUMMARY PUBLIC FINANCE REVIEW February 2013 SUMMARY Key messages The purpose of our analysis is to highlight the risks that fiscal policy

More information

Government Budget and Fiscal Policy CHAPTER

Government Budget and Fiscal Policy CHAPTER Government Budget and Fiscal Policy 11 CHAPTER The National Budget The national budget is the annual statement of the government s expenditures and tax revenues. Fiscal policy is the use of the federal

More information

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Econ 111 Summer 2007 Final Exam Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The classical dichotomy allows us to explore economic growth

More information

1. Firms react to unplanned inventory investment by increasing output.

1. Firms react to unplanned inventory investment by increasing output. Macro Exam 2 Self Test -- T/F questions Dr. McGahagan Fill in your answer (T/F) in the blank in front of the question. If false, provide a brief explanation of why it is false, and state what is true.

More information

Problem Set #4: Aggregate Supply and Aggregate Demand Econ 100B: Intermediate Macroeconomics

Problem Set #4: Aggregate Supply and Aggregate Demand Econ 100B: Intermediate Macroeconomics roblem Set #4: Aggregate Supply and Aggregate Demand Econ 100B: Intermediate Macroeconomics 1) Explain the differences between demand-pull inflation and cost-push inflation. Demand-pull inflation results

More information

THE OPEN AGGREGATE DEMAND AGGREGATE SUPPLY MODEL.

THE OPEN AGGREGATE DEMAND AGGREGATE SUPPLY MODEL. THE OPEN AGGREGATE DEMAND AGGREGATE SUPPLY MODEL. Introduction. This model represents the workings of the economy as the interaction between two curves: - The AD curve, showing the relationship between

More information

Problem Set 5. a) In what sense is money neutral? Why is monetary policy useful if money is neutral?

Problem Set 5. a) In what sense is money neutral? Why is monetary policy useful if money is neutral? 1 Problem Set 5 Question 2 a) In what sense is money neutral? Why is monetary policy useful if money is neutral? In Problem Set 4, Question 2-Part (e), we already analysed the effect of an expansionary

More information

Diploma in Business Management

Diploma in Business Management Diploma in Business Management 11101 Managerial Economics COURSE CONTENTS: SEM :- 1 Subject matter of Managerial Economics, nature of economic theory assumption and scope, importance of the study for a

More information

Topic: Money & Capital Markets Page 1 of 12 MONEY AND CAPI TAL MARKETS Paper VI Business Environment MBA (Evening) 3 rd Year

Topic: Money & Capital Markets Page 1 of 12 MONEY AND CAPI TAL MARKETS Paper VI Business Environment MBA (Evening) 3 rd Year Topic: Money & Capital Markets Page 1 of 12 MONEY AND CAPI TAL MARKETS Paper VI Business Environment MBA (Evening) 3 rd Year COVERAGE ÿ ÿ ÿ ÿ ÿ ÿ Overview of the Financial system of an economy Some instruments

More information

0 100 200 300 Real income (Y)

0 100 200 300 Real income (Y) Lecture 11-1 6.1 The open economy, the multiplier, and the IS curve Assume that the economy is either closed (no foreign trade) or open. Assume that the exchange rates are either fixed or flexible. Assume

More information

VEER NARMAD SOUTH GUJARAT UNIVERSITY. Optional Courses

VEER NARMAD SOUTH GUJARAT UNIVERSITY. Optional Courses MASTER OF BUSINESS ADMINISTRATION (Evening) (With Effect From July 2002) Optional Courses 1. Rural & Urban Management Group ORM 501 ORM 502 ORM 503 ORM 504 ORM 505 Co-operative Management Rural Marketing

More information

FISCAL POLICY* Chapter. Key Concepts

FISCAL POLICY* Chapter. Key Concepts Chapter 15 FISCAL POLICY* Key Concepts The Federal Budget The federal budget is an annual statement of the government s expenditures and tax revenues. Using the federal budget to achieve macroeconomic

More information

BUSINESS ECONOMICS CEC2 532-751 & 761

BUSINESS ECONOMICS CEC2 532-751 & 761 BUSINESS ECONOMICS CEC2 532-751 & 761 PRACTICE MACROECONOMICS MULTIPLE CHOICE QUESTIONS Warning: These questions have been posted to give you an opportunity to practice with the multiple choice format

More information

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Suvey of Macroeconomics, MBA 641 Fall 2006, Final Exam Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Modern macroeconomics emerged from

More information

5 Comparison with the Previous Convergence Programme and Sensitivity Analysis

5 Comparison with the Previous Convergence Programme and Sensitivity Analysis 5 Comparison with the Previous Convergence Programme and Sensitivity Analysis 5.1 Comparison with the Previous Macroeconomic Scenario The differences between the macroeconomic scenarios of the current

More information

INDIA S GDP IN PRE AND POST GLOBALISED ERA: AN APPRAISAL

INDIA S GDP IN PRE AND POST GLOBALISED ERA: AN APPRAISAL International Journal of Advanced Research in Management (IJARM) Volume 7, Issue 1, Jan-April (2016), pp. 51-57, Article ID: 10220160701007 Available online at http://www.iaeme.com/ijarm/issues.asp?jtype=ijarm&vtype=7&itype=1

More information

Chapter 13. Aggregate Demand and Aggregate Supply Analysis

Chapter 13. Aggregate Demand and Aggregate Supply Analysis Chapter 13. Aggregate Demand and Aggregate Supply Analysis Instructor: JINKOOK LEE Department of Economics / Texas A&M University ECON 203 502 Principles of Macroeconomics In the short run, real GDP and

More information

Strategy Document 1/03

Strategy Document 1/03 Strategy Document / Monetary policy in the period 5 March to 5 June Discussed by the Executive Board at its meeting of 5 February. Approved by the Executive Board at its meeting of 5 March Background Norges

More information

Lecture/Classroom...45 hours Laboratory...0 hours

Lecture/Classroom...45 hours Laboratory...0 hours SOUTHEAST COMMUNITY COLLEGE / LINCOLN NORTHEAST HIGH SCHOOL ADVANCED PLACEMENT ECONOMICS Beatrice and Lincoln, Nebraska Business/Mass Media Occupations Division Business Administration Program FALL 2007/8

More information

Main Indicators for the Finnish Economy

Main Indicators for the Finnish Economy BANK OF FINLAND Monetary Policy and Research - Financial Markets and Statistics Main Indicators for the Finnish Economy /1 13 April 1 13 April 1 Monetary Policy and Research - Financial Markets and Statistics

More information

ECON 3312 Macroeconomics Exam 3 Fall 2014. Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

ECON 3312 Macroeconomics Exam 3 Fall 2014. Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. ECON 3312 Macroeconomics Exam 3 Fall 2014 Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Everything else held constant, an increase in net

More information

INSTITUTE OF DISTANCE EDUCATION AND LEARNING (IDEAL),NMU, JALGAON

INSTITUTE OF DISTANCE EDUCATION AND LEARNING (IDEAL),NMU, JALGAON INSTITUTE OF DISTANCE EDUCATION AND LEARNING (IDEAL),NMU, JALGAON QUESTIONS FOR ASSIGNMENTS PROGRAMME MBA -2 ND YEAR -2014-15 INSTRUCTION: All students of MBA Programme, Paper wise assignments are given

More information

Learner Guide. Cambridge IGCSE Economics

Learner Guide. Cambridge IGCSE Economics Learner Guide Cambridge IGCSE Economics 0455 Cambridge International Examinations retains the copyright on all its publications. Registered Centres are permitted to copy material from this booklet for

More information

Introduction to Macroeconomics 1012 Final Exam Spring 2013 Instructor: Elsie Sawatzky

Introduction to Macroeconomics 1012 Final Exam Spring 2013 Instructor: Elsie Sawatzky Introduction to Macroeconomics 1012 Final Exam Spring 2013 Instructor: Elsie Sawatzky Name Time: 2 hours Marks: 80 Multiple choice questions 1 mark each and a choice of 2 out of 3 short answer question

More information

FISCAL POLICY* Chapter. Key Concepts

FISCAL POLICY* Chapter. Key Concepts Chapter 11 FISCAL POLICY* Key Concepts The Federal Budget The federal budget is an annual statement of the government s expenditures and tax revenues. Using the federal budget to achieve macroeconomic

More information

Macroeconomics Instructor Miller Fiscal Policy Practice Problems

Macroeconomics Instructor Miller Fiscal Policy Practice Problems Macroeconomics Instructor Miller Fiscal Policy Practice Problems 1. Fiscal policy refers to changes in A) state and local taxes and purchases that are intended to achieve macroeconomic policy objectives.

More information

ECONOMIC QUESTIONS FOR THE MASTER'S EXAM

ECONOMIC QUESTIONS FOR THE MASTER'S EXAM ECONOMIC QUESTIONS FOR THE MASTER'S EXAM Introduction 1. What is economics? Discuss the purpose and method of work of economists. Consider observation, induction, deduction and scientific criticism. 2.

More information

Forecasting Chinese Economy for the Years 2013-2014

Forecasting Chinese Economy for the Years 2013-2014 Forecasting Chinese Economy for the Years 2013-2014 Xuesong Li Professor of Economics Deputy Director of Institute of Quantitative & Technical Economics Chinese Academy of Social Sciences Email: xsli@cass.org.cn

More information

Refer to Figure 17-1

Refer to Figure 17-1 Chapter 17 1. Inflation can be measured by the a. change in the consumer price index. b. percentage change in the consumer price index. c. percentage change in the price of a specific commodity. d. change

More information

The Short-Run Macro Model. The Short-Run Macro Model. The Short-Run Macro Model

The Short-Run Macro Model. The Short-Run Macro Model. The Short-Run Macro Model The Short-Run Macro Model In the short run, spending depends on income, and income depends on spending. The Short-Run Macro Model Short-Run Macro Model A macroeconomic model that explains how changes in

More information

Answers to Text Questions and Problems. Chapter 22. Answers to Review Questions

Answers to Text Questions and Problems. Chapter 22. Answers to Review Questions Answers to Text Questions and Problems Chapter 22 Answers to Review Questions 3. In general, producers of durable goods are affected most by recessions while producers of nondurables (like food) and services

More information

= C + I + G + NX ECON 302. Lecture 4: Aggregate Expenditures/Keynesian Model: Equilibrium in the Goods Market/Loanable Funds Market

= C + I + G + NX ECON 302. Lecture 4: Aggregate Expenditures/Keynesian Model: Equilibrium in the Goods Market/Loanable Funds Market Intermediate Macroeconomics Lecture 4: Introduction to the Goods Market Review of the Aggregate Expenditures model and the Keynesian Cross ECON 302 Professor Yamin Ahmad Components of Aggregate Demand

More information

ADVANCED RELEASE CALENDER

ADVANCED RELEASE CALENDER ADVANCED RELEASE CALENDER Data-Series Real Sector Price/ Indices Frequency Due updating on DBIE Wholesale price index (WPI) Monthly On every 14th of the Month, data released with a lag of 14 days. Consumer

More information

AS Economics. Introductory Macroeconomics. Sixth Form pre-reading

AS Economics. Introductory Macroeconomics. Sixth Form pre-reading AS Economics Introductory Macroeconomics Sixth Form pre-reading National income National income (Y) = money value of goods and services produced in an economy over a period of time, usually one year. National

More information

With lectures 1-8 behind us, we now have the tools to support the discussion and implementation of economic policy.

With lectures 1-8 behind us, we now have the tools to support the discussion and implementation of economic policy. The Digital Economist Lecture 9 -- Economic Policy With lectures 1-8 behind us, we now have the tools to support the discussion and implementation of economic policy. There is still great debate about

More information

Economics Proposal for CORE 2014 due by February 1, 2013

Economics Proposal for CORE 2014 due by February 1, 2013 Economics Proposal for CORE 2014 due by February 1, 2013 ------------------------------------------------------------------------------------------------------ Executive Summary: The Economics Curriculum

More information

Internal Migration and Regional Disparities in India

Internal Migration and Regional Disparities in India Internal Migration and Regional Disparities in India Introduction Internal migration is now recognized as an important factor in influencing social and economic development, especially in developing countries.

More information

Study Questions 8 (Keynesian Model) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

Study Questions 8 (Keynesian Model) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Study Questions 8 (Keynesian Model) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) In the Keynesian model of aggregate expenditure, real GDP is

More information

An introductory text. Fourth edition. A. G. Kenwood and A. L. Lougheed B3 55. London and New York

An introductory text. Fourth edition. A. G. Kenwood and A. L. Lougheed B3 55. London and New York An introductory text Fourth edition A. G. Kenwood and A. L. Lougheed B3 55 London and New York Contents Figures x Tables xii List of Abbreviations xiv Introduction 1 Parti The international economy, 1820-191

More information

Japan s Economic Challenges

Japan s Economic Challenges Japan s Economic Challenges LUC EVERAERT ASIA PACIFIC DEPARTMENT INTERNATIONAL MONETARY FUND UNIVERSITY OF TOKYO JANUARY 18, 216 1 Global Overview I. Global outlook and risks II. Prospects for Japan III.

More information

FINANCIAL SYSTEM AND MARKETS

FINANCIAL SYSTEM AND MARKETS CONTENTS 1. FINANCIAL SYSTEM AND MARKETS Concept of Financial System Financial Concepts Financial Assets Financial Intermediaries Financial Markets Financial Rates of Return Financial Instruments Foreign

More information

CHAPTER I INTRODUCTION AND DESIGN OF THE STUDY

CHAPTER I INTRODUCTION AND DESIGN OF THE STUDY Chapter I xxvi CHAPTER I INTRODUCTION AND DESIGN OF THE STUDY Chapter No. Description Page No. 1.2 INTRODUCTION 1 1.2 STATEMENT OF THE PROBLEM 2 1.3 OBJECTIVES OF THE STUDY 3 1.4 SIGNIFICANCE OF THE STUDY

More information

Macroeconomics, Fall 2007 Exam 3, TTh classes, various versions

Macroeconomics, Fall 2007 Exam 3, TTh classes, various versions Name: _ Days/Times Class Meets: Today s Date: Macroeconomics, Fall 2007 Exam 3, TTh classes, various versions Read these Instructions carefully! You must follow them exactly! I) On your Scantron card you

More information

Diploma in Business Management

Diploma in Business Management Paper - Business Organization BLOCK- BLOCK-2 BLOCK-3 BLOCK-4 BLOCK-5 Nature and Scope of Business Forms of Business Organization I Forms of Business Organization II Business Promotion Methods of Raising

More information

ISSUES PAKISTAN'S ECONOMY S. AKBAR ZAIDI SECOND EDITION REVISED AND EXPANDED OXTORD UNIVERSITY PRESS

ISSUES PAKISTAN'S ECONOMY S. AKBAR ZAIDI SECOND EDITION REVISED AND EXPANDED OXTORD UNIVERSITY PRESS ISSUES IN PAKISTAN'S ECONOMY SECOND EDITION REVISED AND EXPANDED S. AKBAR ZAIDI OXTORD UNIVERSITY PRESS Preface to the Second Edition Preface to the First E d i t i o n.... Introduction Chapter 1 Assessing

More information

CHAPTER 11. AN OVEVIEW OF THE BANK OF ENGLAND QUARTERLY MODEL OF THE (BEQM)

CHAPTER 11. AN OVEVIEW OF THE BANK OF ENGLAND QUARTERLY MODEL OF THE (BEQM) 1 CHAPTER 11. AN OVEVIEW OF THE BANK OF ENGLAND QUARTERLY MODEL OF THE (BEQM) This model is the main tool in the suite of models employed by the staff and the Monetary Policy Committee (MPC) in the construction

More information

Econ 102 Aggregate Supply and Demand

Econ 102 Aggregate Supply and Demand Econ 102 ggregate Supply and Demand 1. s on previous homework assignments, turn in a news article together with your summary and explanation of why it is relevant to this week s topic, ggregate Supply

More information

Main Indicators for the Finnish Economy

Main Indicators for the Finnish Economy BANK OF FINLAND Monetary Policy and Research - Financial Markets and Statistics Main Indicators for the Finnish Economy 1/11 January 1 January 11 Monetary Policy and Research - Financial Markets and Statistics

More information

Economics 152 Solution to Sample Midterm 2

Economics 152 Solution to Sample Midterm 2 Economics 152 Solution to Sample Midterm 2 N. Das PART 1 (84 POINTS): Answer the following 28 multiple choice questions on the scan sheet. Each question is worth 3 points. 1. If Congress passes legislation

More information

Practiced Questions. Chapter 20

Practiced Questions. Chapter 20 Practiced Questions Chapter 20 1. The model of aggregate demand and aggregate supply a. is different from the model of supply and demand for a particular market, in that we cannot focus on the substitution

More information

Main Indicators for the Finnish Economy

Main Indicators for the Finnish Economy BANK OF FINLAND Monetary Policy and Research - Financial Markets and Statistics Main Indicators for the Finnish Economy 3/11 17 March 11 Main Indicators for the Finnish Economy is produced jointly by the

More information

CHAPTER 23 FISCAL POLICY: COPING WITH INFLATION AND UNEMPLOYMENT

CHAPTER 23 FISCAL POLICY: COPING WITH INFLATION AND UNEMPLOYMENT CHAPTER 23 FISCAL POLICY: COPING WITH INFLATION AND UNEMPLOYMENT Chapter in a Nutshell To say that an economy is in equilibrium tells us very little about the general state of the economy. The model showing

More information

Introduction on monetary policy

Introduction on monetary policy Introduction on monetary policy Riksdag Committee on Finance 6 March Governor Stefan Ingves Today's presentation The Swedish economy and monetary policy - where are we heading? The Swedish economy has

More information

Using an appropriately labeled money market graph, show the effects of an open market purchase of government securities by the FED on :

Using an appropriately labeled money market graph, show the effects of an open market purchase of government securities by the FED on : Using an appropriately labeled money market graph, show the effects of an open market purchase of government securities by the FED on : The money supply Interest rates Nominal Interest rates i1 i2 Sm1

More information