Managerial Economics is a core subject under management studies.
Recently, University of Mumbai has introduced a new curriculum for Management Studies in degree course at the undergraduate level.
Though there is no dearth of books on the subject of economics / business economic / managerial economics, none of them by themselves can adequately fulfill the requirements of this new syllabus. The present authors, thus, makes a humble attempt to fill up the gap and help the student community by giving their a suitable textbook catering to their special needs.
This textbook is intended to serve as a comprehensive / standard textbook on 'Managerial Economics' paper for the S.Y. BMS (Third Semester) Degree course of the Mumbai University, with a new approach.
This book is the outcome of long years of teaching and writing experience of the authors.
The author humbly claims the following distinctive features of the book :
- It thoroughly discusses the new syllabus of the Mumbai University for the S.Y. BMS (Third Semester) Degree course paper on 'Managerial Economics'.
- In the framework of the book, special care has been taken to avoid gaps in the sequential arrangement of topics and logical development of concepts and ideas of economic theory and their relevance to business economics.
- Topic covered are discussed, as far as possible, in a fairly self-contained manner.
- It is self-explanatory.
- It is lucid and simple.
- Brief Case Studies and examples on certain topics have been incorporated in the relevant chapters.
1. Macroeconomic Aggregates and Concepts
2. Supply of Money
3. Demand for Money
5. Determinants of Income and Employment: The Keynesian Analysis – An Overview
6. Theory of Multiplier
7. Business Cycles
8. International Trade: An Overview
9. Basis of Trade: Theory of Comparative Cost Difference
10. Factor Endowment Theory of International Trade
11. The Balance Payments
12. Monetary Policy
13. Fiscal Policy
14. Economic Stabilisation
15. Equilibrium in the Goods and Money Markets: IS-LM Model
16. Trade Policies; Free Trade vs. Protection
17. World Trade Organisation (WTO)
18. World Bank
19. Foreign Exchange Market and Exchange Rate System