SY BCom Sem 3 4 under Business Economics1_1 Syllabus Mumbai University by munotes
Page 1
Mumbai University Business Economics S. Y. B.Com syllabi Semester III
& IV
University of Mumbai
Revised Syllabus
and
Question Paper Pattern
of Course of
B.Com Programme
Second Year
Semester III & IV
Under Choice Based Credit, Grading
and
Semester System
With effect from Academic Year-2017 -2018
Board of studies in
Business Economics
Page 2
Mumbai University Business Economics S. Y. B.Com syllabi Semester III
& IV
Revised Syllabus of Course s of B.Com Progr amme
Semester III
With E ffect from Acad emic Year 20 17-2018
Business Economics -III
Macro Economics
List of Modul es
Sr.
No. Modu les No.of
Lectures
1
Overview of Macroeconomics
10
2
Basic concepts of Keynesian Economics
10
3
Post Keynesian developments in Macro economics
10
4
Money, prices and Inflation
15
Total
45
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Mumbai University Business Economics S. Y. B.Com syllabi Semester III
& IV
BUSINESS ECONOMICS I II
ELEMENTS OF MACROECO NOMICS
Preamble
An overall approach to macroeconomics is to examine the economy as a
whole . This course is an introduction to the basic analytical tools of
macro economics to evaluate macro economic conditions such as
inflation, unemployment and growth. It is designed to make system of
overall economy understandable and relevant. The aim is to provide a
clear explanation of many aspects of aggregate economic variables to
inspire a consistent way of thinking about key macroeconomic
phenomena. It intends to familiarize the commerce students with basic
concepts of macroeconomics and w ith certain common features of
economic occurrence in the real world.
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Mumbai University Business Economics S. Y. B.Com syllabi Semester III
& IV
Sr.No. Modules / Units
1 INTRODUCTION
Macroeconomics: Meaning, Scope and Importance.
Circular flow of aggregate income and expenditure and its Importance - closed and
open economy models
The Measurement of National Product: Meaning and Importanc e of National Income
Accounting - conventional and Green GNP and NNP concepts -National Income and
Economic Welfare.
Trade Cycles: Features and Phases
Classical Macro economics : Say’s law of Markets - Features, Implications and
Criticism
2 BASIC CONCEPTS OF KEYNESIAN ECONOMICS
The Principle of Effective Demand: Aggregate Demand and Aggregate Supply
Consumption Function: Properties, Assumptions and Implications
Investment function and Marginal Efficiency of capital
Investment Multiplier effect on Income and Output: Assumptions, Working,
Leakages, Criticism and Importance - paradox of thrift
Relevance of Keynesian theory tools to the developing countries
Liquidity Preferenc e Theory of Interest 3 POST KEYNESIAN DEVELOPMENTS IN MACRO ECONOMICS
The IS -LM model of integration of commodity and money markets
Inflation and unemployment : Philips curve
Stagflation : meaning, causes, and consequences
Supply side economics : Basic propositions and critical appraisal
4 MONEY, PRICES AND INFLATION
Money Supply: Determinants of Money Supply - Factors influencing Velocity of
Circulation of Money
Demand for Money : Classical and Keynesian approaches and Keynes’ liquidity
preference theory of interest - Friedman’s restatement of Demand for money
Money and prices : Quantity theory of money - Fisher’s equation of exchange -
Cambridge cash balance approach
Inflation : Demand Pull Inflation and Cost Push Inflation - Effects of Inflation - Nature of
inflation in a developing economy - policy measures to curb inflation - monetary policy
and inflation targeting
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Mumbai University Business Economics S. Y. B.Com syllabi Semester III
& IV
Reference Books
Ackley.G (1976), Macro Economic Theory and Policy, Macmillan Publishing Co. New York
Ahuja. H.L., Modern Economics –– S.Chand Company Ltd. New Delhi.
Blanchard Olivier (2000), Macro Economics, Englewood Elitt, Prentice Hall
Bouman John, Principles of Macro Economics
Dornbush , Rudiger, Fisher Stanley and Startz, Richards Macroeconomics, Nineth edition
2004 Tata -Mac Graw Hill, New Delhi.
Dwivedi, D.N. (2001), Macro Economics: Theory and Policy, Tata -Mac Graw Hill, New
Delhi.
Friedman Hilton (1953) Essays in Positive Economics, University of Chicago Press, London.
Gregory .N. Mankiw, Macroeconomics, Fifth Edition (2002 ) New York:Worth Publishers
Jhingan, M.L., Principles of Economics –– Vrinda Publications (P) Ltd.
Shapiro, E (1996), Macro -Economic Analysis , Galgotia Publication, New Delhi.
Vaish .M.C. (2010) Macro Economic Theory 14th edition, Vikas Publishing House(P)Ltd
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Mumbai University Business Economics S. Y. B.Com syllabi Semester III
& IV
QUESTION PAPER PATTERN
Business Economics Semester III
Maximum Marks : 100 Marks
Time : 3 Hours
Note : 1) Attempt all Questions
2) All Questions carry equal marks
3) Attempt any two questions out of three in each of question 2, 3, 4 & 5
Question
No Particulars Marks
Q-1
Objective Questi ons:
A) Conceptual question s (Any Five out of Eight) (Two from each
module)
B) Multiple Choice Questions ( 10 questions at least two from each
Module)
20Marks
10 Marks
10 Marks
Q-2 (from
Module I ) A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
20Marks
Q-3 (from
Module II )
A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
20Marks
Q-4 (from
Module III)
A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
20Marks
Q-5 (from
Module IV )
A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
20Marks
Page 7
Mumbai University Business Economics S. Y. B.Com syllabi Semester III
& IV
Revised S yllabus of Courses of B. Com. Progr amme at
Semester IV
With E ffect from the Acad emic Year 20 17-2018
Business Economics - IV
Foundation of Public Finance
List of Modul es
Sr.
No. Modu les No.of
Lectures
1
Introduction to Public Finance
10
2
Public revenue
10
3
Public Expenditure and Debt
10
4
Fiscal Management and Financial Administration
15
Total
45
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Mumbai University Business Economics S. Y. B.Com syllabi Semester III
& IV
Business Economics IV
Foundation of Public Finance
Preamble
Public Finance Issues are central to economic and Political discourse
worldwide, as one of the primary functions of government is to generate
resources from its people to spend money for improving the lives of its
people. The primary objective of this cou rse is to provide students with
the tools to understand the underlying concepts and practical tradeoffs
entailed in Public finance policy alternatives .
It is strongly recommended to analyze Union budget of ongoing
financial year in the class room.
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Mumbai University Business Economics S. Y. B.Com syllabi Semester III
& IV
Sr. no Modules / Units
1 THE ROLE OF GOVERNMENT IN AN ECONOMY
Meaning and Scope of Public finance .
Major fiscal functions : allocation function, distribution function & stabilization function
Principle of Maximum Social Advantage: Dalton and Musgrave Views - the Principle in
Practice, Limitations.
Relation between Efficiency, Markets and Governments
The concept of Public Goods and the role of Government
2 PUBLIC REVENUE
Sources of Public Revenue : tax and non -tax revenues
Objectives of taxation - Canons of taxation - Types of taxes : direct and indirect - Tax Base
and Rates of taxation : proportional, progressive and regressive taxation
Shifting of tax burden: Impact and incidence of taxation - Processes - factors influenci ng
incidence of taxation
Economic Effects of taxation: on Income and Wealth, Consumption, Savings, Investments
and Production.
Redistributive and Anti – Inflationary nature of taxation and their implications
3 PUBLIC EXPENDITURE AND PUBLIC DEBT
Public Expenditure: Canons - classification - economic effects of public spending - on
production, consumption, distribution, employment and stabilization - Theories of Public
Expenditure: Wagner’s Hypothesis and Wiseman Peacock Hypothesis - Causes fo r Public
Expenditure Growth - Significance of Public Expenditure : Low Income Support and Social
Insurance Programmes.
Public Debt : Classification - Burden of Debt Finance : Internal and External - Public Debt
and Fiscal Solvency
4 Fiscal policy and Management
Fiscal Policy: Meaning, Objectives, constituents and Limitations.
Contra cyclical Fiscal Policy and Discretionary Fiscal Policy : Principles of Sound and
Functional Finance
Budget - Meaning objectives and types - Structure of Union budget - Deficit concepts
Intergovernmental Fiscal Relations : fiscal federalism and fiscal decentralization - central -
state financial relations
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Mumbai University Business Economics S. Y. B.Com syllabi Semester III
& IV
Reference Books
Ahuja H.L. : Modern Economics, 19th edition, 2015, S.Chand &co Pvt Ltd, New Delhi
Bhatia H.L.: Public Finance. Vikas Publishing House Pvt. Ltd.
David N. Hyman : Public Finance A Contemporary Application of theory of policy, Krishna
Offset, Delhi
Hoiughton E.W.(1998) : Public Finance, Penguin, Baltimore
Hajela T.N: Public Finance – Ane Books Pvt.Ltd
Jha, R (1998) : Modern Public Economics, Route Ledge, London
Musgrave, R.A and P.B. Musgrave (1976) : Public Finance in Theory and Practice, Tata
McGraw Hill, Kogakusha, Tokyo
Mithani, D.M (1998) : Modern Public Finance, Himalaya Publishing House, Mumbai
Singh.S.K. (2014): Public finance in Theory and Practice, S.Chand &co Pvt Ltd, New Delhi
Page 11
Mumbai University Business Economics S. Y. B.Com syllabi Semester III
& IV
QUESTION PAPER PATTERN
Business Economics Semester IV
Maximum Marks : 100 Marks
Time : 3 Hours
Note : 1) Attempt all Questions
2) Attempt any two out of three questions from each of question no. 2, 3, 4 & 5
Question No Particulars Marks
Q-1 Objective Questi ons:
A) Conceptual questions (Any Five out of Eight) (Two from each
module)
B) Multiple Choice questions ( 10 questions - at least two from each
Module) 20Marks
10 Marks
10 Marks
Q-2 (from
Module I ) A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
20Marks
Q-3 (from
Module II) A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
20Marks
Q-4 (from
Module III) A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
20Marks
Q-5 (from
Module IV ) A) Full L ength Question
B) Full L ength Question
C) Full L ength Question
20Marks