We have latest and Updated TU BBS 2nd Year Macroeconomics Syllabus PDF for studying the BBS Second year from TU.
BBS 2nd Year Macroeconomics Syllabus PDF
Course Objective
Macroeconomics for Business aims to enhance understanding of macroeconomic principles and Nepalese macroeconomic situation to the Bachelor level students. It will help to inculcate the skills incorporating different macroeconomic domain in assessment of nature of business environment.
Course Description:
This course of macroeconomics makes students skilled to understand macroeconomic concepts, theories and contemporary macroeconomic issues pertinent in Nepal.
Course Details:
Unit 1: INTRODUCTION TO MACROECONOMICS LH 6
Macroeconomics: concepts, scope, uses and limitations. and Macroeconomic concepts: stock and flow variables; equilibrium and disequilibrium; static and dynamic equilibrium analysis.
Unit 2: NATIONAL INCOME ACCOUNTING LH 20
Circular flow of income and expenditure in two sector, three sector and four sector economy. Different concepts of national income: GDP, NDP, GNP and NNP at market price and factor cost, personal income (PI), disposable personal income (DI), per capita income (PCI). Real GDP, nominal GDP and GDP deflator. Computation of national income: product method, 24 income method and expenditure method; and Difficulties in the measurement of national income. Numerical Exercise.
Unit 3: CLASSICAL THEORY OF EMPLOYMENT LH 6
Unemployment: concept and types; Say’s law of market: concept, assumptions and implications; and Classical theory of employment: assumptions, components and criticisms.
Unit 4: KEYNESIAN MACROECONOMICS LH 30
Principle of effective demand; Consumption function: concepts, psychological law of consumption, technical attributes and determinants; Saving function: concepts, technical attributes and determinants; Paradox of thrift; Investment function. concept and types of investment, marginal efficiency of capital, investment demand curve and determinants of investment; Income and output determination in the two-sector economy. Investment multiplier: concept, income generation process and leakages; Income and output determination in three sector and four sector economy. and Derivation of government expenditure multiplier; tax multiplier and foreign trade multiplier. Numerical Exercise
Unit 5: IS-LM Model of INCOME DETERMINATION LH 7
Derivation of IS curve and product market equilibrium. Derivation of LM curve and money market equilibrium. General equilibrium in the product market and the money market; and Shifts in IS and LM curves (change in monetary and fiscal policies) and effects on equilibrium. Numerical Exercise.
Unit 6: INFLATION AND BUSINESS CYCLES 18
Inflation: concepts and types; Measurement of inflation through consumer’s price index (CPI) and GDP deflator. Demand-pull inflation and cost-push inflation; Concept of core inflation. Effects of inflation; Anti-inflationary measures; Inflation and unemployment. Phillips curve and stagflation; Deflation: concept and causes; Nature, causes and effect of inflation in Nepal. Business cycles: concepts, characteristics and phases; and Measures to control business cycles. Numerical Exercise.
Unit 7: MONETARY THEORY LH 16
Money supply: concepts and determinants; Money market and capital market: concepts and functions; Structure of financial market in Nepal. Monetary Policy: concepts, types, objectives and instruments; and Features of current monetary policy of Nepal.
Unit 8: GOVERNMENT FINANCE LH 15
Government budget: Concepts and components; Deficit financing: concept, objectives and methods; Sources of government revenue in Nepal, Government expenditure of Nepal. Features of current government budget of Nepal; Fiscal policy: concepts, types, instruments and objectives; and Fiscal federalism: concepts, components and Nepalese practice.
Unit 9: GLOBAL ECONOMY LH 17
Global economy: concept and current trends; Globalization: concepts, drivers, benefits and defects; Regional integration and trading blocs: concepts and role; Issues of Nepali foreign trade; Exchange rate: concept and types. Determination of equilibrium exchange rate under fixed and flexible exchange rate system; Balance of payments: concept and BOP accounts; Foreign direct investment: concepts, benefits, defects and current status of Nepal; and Foreign employment: benefits, defects and current status of Nepal.
Unit 10: CONTEMPORARY MACROECONOMICS ISSUES IN NEPALESE PERSPECTIVES LH 15
Macroeconomic indicators of Nepal; Privatization and liberalization: concepts, benefits and defects; Economic growth and development: concepts and components. Sources of economic growth; Poverty: concepts, types, causes and remedies. Economic inequality. concepts, causes and remedies; Public private partnership: concepts, importance and Nepalese practice; and Financial inclusion: concepts, determinants and current Nepalese status.
Hence, these are the TU BBS 2nd Year Macroeconomics Syllabus PDF.
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