HM401

Industrial Economics (3 – 0 - 0) 3

Microeconomics. Demand and supply. Forecasting techniques. Cost and revenues.Competitive nature of firms.

Keynesian economics. Aggregate demand and supply. Employment determination. National income. Trade cycle. Inflation. Index numbers.

Capital budgeting. Cash flow analysis. Balance sheet. Risk analysis and decision making.

Impact of liberalization, privatization and globalization. Locating the firm in a global economy.

Fiscal policy. Taxation-principles. Exchange rate determination. Monetary policy. Functions of banks. Credit creation by commercial banks.

M.Adhikari, Business Economics, Excel Books, 2004

S.K.Misra &V.K.Puri, Economic Environment of Business, HPH, 2003