University of madras [Established under the Act of Incorporation XXVII of 1857 – Madras University Act 1923]



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UNIT - V

Capital budgeting – Cost of capital – Capital management – Project profitability – Methods of appraising Project profitability


Study Material :

1. Varshney, R.L. &

Maheswari, K.L. - Managerial Economics

2. Baumol William, J - Economic Theory and Operation Analysis

3. Dean, Joel - Managerial Economics

4. Hague, D.C. - Managerial Economics

5. Mote, Paul & Gupta - Managerial Economics – Concepts & Cases

6. Savage & Small - Introduction to Managerial Economics

7. Spencer, M.H. - Managerial Economics – Text, Problems,

short cases




03. B.A. DEGREE COURSE IN [CORPORATE ECONOMICS]
SYLLABUS
I SEMESTER

Core Paper : 1 FUNDAMENTALS OF ECONOMICS I




UNIT I

Definition and scope of Economics – Difference between Micro and Macro economics – Inductive and deductive methods – Positive and normative economics – Static and dynamic economics – Partial and general equilibrium


UNIT - II






Utility analysis - Demand and supply - Elasticity of Demand - Consumer’s surplus


UNIT - III






Indifference Curve analysis – Giffen goods – Revealed Preference theory - Hicksian analysis


UNIT - IV






Theory of firm and corporate firm - Production function – Neo-classical - Leontief – Law of variable proportions - Returns to scale


UNIT - V






Cost analysis – Revenue analysis – Derivation of Average Revenue and Marginal Revenue from Total Revenue – Elasticity – Theories of price determination in Corporate firms.


Core Paper : 2 FUNDAMENTALS OF ECONOMICS II




UNIT I


Perfect Competition – Monopoly – Discriminating monopoly - Pricing policies of public sector undertakings

UNIT II






Imperfect competition – Oligopoly – Duopoly – Wastes of Monopolistic competition


UNIT III






Distinction between personal and functional distribution – Theories of distribution – Distributive shares – Marginal productivity theory – Wages theories – Real and money wages – Trade union


UNIT IV






Rent – Ricardian theory – Scarcity and differential rent - Modern theory of rent – quasi and transfer earnings – Profits – Distinction between gross and net profits – Theories of profits – Break-even analysis


UNIT V






Interest – Classical theories of interest – Keynesian criticism – Liquidity Preference theory - Loanable funds theory.


Study Material :

1. Bell & Todaro - Economic Theory

2. Dewett K.K. - Modern Economic Theory

3. Dominic Salvatore - Micro Economics (Schaum Series)


Books for Reference

1. A. Ashimakopoulos - An introduction to Economic theory – Micro

Economics

2. Dominic Salvatore &

Diulio, E.S. - Principles of Economics (Schaum Series)

3. Joan Robinson &

Eatwell - Introduction to Economic Theory

4. Leftwitch - Price system and resource allocation

5. Lipsey & Steiner - Economics

6. Mc Connel & Gupta - Economics

7. Richard A Bilas - Micro economic Theory

8. Sameulson - Economics

9. Stonier & Hague - Text book of Economic theory

10. Watson, D.S. - Price theory and its uses



Core Paper : 3 MONETARY ECONOMICS - I




UNIT - I

Money – Functions and classification – Greshams Law - Role of money in capitalist, Socialist and mixed economies




UNIT - II

Value of money – Index numbers – Fishers equation – Cambridge equation – General evaluation of the quantity theory of money



UNIT - III

Monetary standards – Paper currency – Systems of note issue – Indian currency system – Development and problems



UNIT - IV

Factors influencing money supply – Money supply and price level – Keynesian approach – neutrality of money – Classical dichotomy – Real balance effect - Friedman’s re-statement of quantity theory



UNIT - V

Inflation – Causes, types and remedies - Effects of inflation on different sections of the economy - Trade off between inflation and unemployment


Core Paper : 4 MONETARY ECONOMICS - II




UNIT - I

Commercial banking – Types – functions – The process of credit creation, purpose and limitations – Liabilities and assets of banks



UNIT - II

Nationalization of banks – A critical appraisal of the progress of commercial banking after nationalization – Recent reforms in banking sector in India



UNIT - III

Central Banking - Functions of a central bank – Quantitative and qualitative methods of credit control – Efficiency and limitations



UNIT - IV

Functions of Reserve Banks of India – its role in agricultural and industrial development – RBI and credit control - Objectives and limitations – RBIU and monetary policy



UNIT - V

Euro currency – Meaning and scope - Important features of the market – Origin and growth - An evaluation of the currency.


Study Material :
1. Basu, C. R. - Central banking in a planned economy

2. Chandler, L.V. - Economics of money and banking

3. Clower (ed) - Monetary theory

4. Crowther, G - An outline of money

5. Gupta, G.P. - Monetary policy of the Reserve Bank of India

6. Gupta, S.B. - Monetary Economics

7. Kurihara, K - Monetary theory and public policy

8. Milton Friedman - Studies in quantity theory of money

9. Seth, M.L. - Money, Banking and International Trade

10. Sen, S.N. - Central Banking in underdeveloped countries

11. Sankaran, S - Monetary Economics

12. Narendra Jadav - Monetary Economics for India

13. Vaish, M.C. - Monetary theory




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