Syllabus of National Institute of Technology - Tiruchirappalli (NIT-T) MBA - MB708 Macro Economics

Differences between Micro and Macro Economic concepts - National Income concepts and difficulties in measurements - National Income and Business cycles - Keynisian Theory of employment and its application to Indian Economy - Multiplier and accelerator concepts-Marginal efficiency of the capital.

Fiscal and Monetary policies during inflation and deflationary situations-Type of inflation-Inflationary gap. Function of Central Bank-Commercial Banks-Credit creation by the Commercial Banks-Qualitative and quantitative credit control measures by the Central Bank-recent reforms and liberalization in banking function.

Planning-meaning and significance of planning types and objectives of planning-Balance of payment versus trade positions of India-GATT proposals-TRIPS and TRIMS Intellectual property rights-FERA,FEMA COFEPOSA acts-Basic features of Foreign exchange functions-convertibility of rupee.

International Trade -Foreign Exchange Market-Balance of payment-rate of exchange -Exchange control WTO & other related development.

International Financial Institution- Euro Market and developments - International Monetary organization and settlement.

Books :

1. K.K.Dewat, 'Modem Economic Theory', Sultan Chand & Co., New Delhi, 1994

2. D.N. Dewedi, 'Macro Economics Theory and Policy' Edn. 2001.