Course Descriptor

Participant CMBA 13 Academic Year 2019-20

Course Title Global Macroeconomics Course Code EC 101
Credit 4 (Four) No. of Hours 30
Faculty Prof. M.Guruprasad
Program Outcomes: Hours
1 PO1 Apply knowledge of management theories and practices to solve business problems. 6
2 PO2 Foster Analytical and critical thinking abilities for data-based decision making. 6
3 PO3 Ability to develop Value based Leadership ability. 6
4 PO4 Ability to understand, analyze and communicate global, economic, legal, and ethical 6
aspects of business.
5 PO5 Ability to lead themselves and others in the achievement of organizational goals,
6
contributing effectively to a team environment.
Course Objectives
It is now beyond dispute that corporations- even those operating in relatively closed economies- are
exposed to the forces of the global economy. Today’s corporations sell their products and services in
geographically dispersed markets and procure their inputs and services from across the globe. The
globalization of the world economy is forcing corporations to confront many challenges such as the
identification and exploitation of new business opportunities, the coordination of geographically
dispersed business units, and the need for a rapid response to threats posed by competitors and
others. These challenges have, in turn, forced corporations to reassess their horizontal and vertical
boundaries- issues that lie at the core of corporate strategy.
The purpose of this course is to familiarise students with-

To enhance the analytical, leadership and predictive abilities of the student to become an effective
manager of business, corporate citizen.

Economic concepts
Economic conditions and its influence on Business
Government Economic Policy and its impact.

Course Outcomes: Hours

1 To understand the various Economic concepts,Economic conditions and
EC 102.1 its influence on Business. 6
2 To understand the basic economic principles,understand the need for
EC 102.2 economic literacy to understand issues affecting Business,Society,Nation 6
3 To gain the knowledge of various Macroeconomics concepts, systems,
economic conditions, issues analysis and its Business and Public policy
EC 102.3 applications 9
4 To gain a basic understanding of the Indian economic system, To
understand the relevance of Government Economic Policy and its impact.
EC 102.4 To understand the impact of various Government economic policy such 9

1
 as Planning,Economic Reforms, Globalisation, an analysis of key macro
economic indicators, current economic problems and the merits of
alternative public policies which influence business, social outcomes.
COs Mapping with Content Delivery
CO
Code PO1 PO2 PO3 PO4 PO5
CO1 3 2 2 3 1
CO2 2 1 1 3 1
CO3 3 2 1 3 1
CO4 2 3 2 3 1

1 – Low 2 –Moderate, 3- High

Indicative Content & Session Plan

Session # CO Hour Reference Reference
Topic Description
s Book Journal
Introduction: EC101.1 3 https://www.a
Economics The EC101.2 Hrs. PRINCIPL eaweb.org/res
Central ES OF ources/student
Problems Of An MACROE s/what-is-
Economy. CONOMIC economics
Human Wants S
American
and Scarce Economic
C.RANGA
Resources, RAJAN, Association
Relevance of B.H.DOLO
understanding KIA ET in the
Foundations of
1-3 Economics and class room
Economics
Public Policy. CHAPTER
Production, 1 http://www.ar
Distribution and thapedia.in/in
Consumption Paul A dex.php?title=
Samuelso Home_Page
Basic Concepts: n and
Micro and William D
Macro Nordhaus
Economics,Posi
tive and Chapter 1

2
 Normative
Economics,
Basic Concepts:
Utility, Goods
and Services,
Demand and
Supply. Basic
concepts:
Aggregate
Demand and
Supply, Stock
and flow
concepts, Static
and Dynamic
Equilibrium,
Needs and
Wants.
EC101.1 3 PRINCIPL https://www.a
Utilization of Hrs. ES OF eaweb.org/res
resources, EC101.2 MACROE ources/student
Methods in CONOMIC s/what-is-
Economics, S
economics
Production
possibility C.RANGA
American
Curve, RAJAN, Economic
Mathematical B.H.DOLO Association
and Graphical KIA
methods ET in the
CHAPTER class room
Factors of 1
Production- http://www.ar
land, labor, Paul A thapedia.in/in
Foundations of capital and Samuelso dex.php?title=
4-6
Economics entrepreneurs n and Home_Page
hip. William D
Nordhaus
Circular flow
of Income and
Expenditure: Chapter 1
Aggregate
Income and
Expenditure,
Role of
factors of
production
and different
participants in
an economy,
role play

3
 EC101.1 1.5 PRINCIPL This Year’s
EC101.2 Hrs. ES OF Wealthiest List -
 Adam Smith, MACROE What Do Those
Karl Marx, EC101.3 CONOMIC Numbers Really
Keynes, S Mean
Schools of J.S.Mill http://web.a.e
C.RANGA
Economics and  Different types RAJAN,
bscohost.com/
7 Economic of Systems B.H.DOLO ehost/pdfview
Systems  Surplus Value, KIA er/pdfviewer?
Socialism, vid=4&sid=8e
Capitalism, CHAPTER 730c72-b573-
U,Behavioural 2 4cd9-a130-
Economics 4399917611c2
%40sessionm
gr4006
EC101.1 1.5 PRINCIPL Factors
EC101.2 Hrs ES OF Affecting GDP
EC101.3 MACROE (Manufacturing,
EC101.4 CONOMIC Services,
S Industry): An
Indian
 GDP, GNP, C.RANGA Perspective
PERCAPIT RAJAN,
ISSN 2348–0661
B.H.DOLO
A INCOME Print © 2015
National KIA
 • Symbiosis
Income
8 Conc CHAPTER Centre for
Accounting
ept and Management
• 2
Measuremen Studies, Pune
t of National Annual Research
Income Journal of
Symbiosis
Centre for
Management
Studies, Pune
Vol. 3, April
2015, pp. 38–56
 HDR/HDI EC101.2 1.5 PRINCIPL Human
 Characteristi EC101.3 Hrs. ES OF Development
cs of Under MACROE Report 2016
CONOMIC Human
Issues of development
S
Economic , Issues of Development
9 for Everyone
Growth and Economic C.RANGA
Development. Growth and RAJAN, Report by
development B.H.DOLO UNDP
 Literacy, KIA A
Infant COMPARATIVE

4
 Mortality CHAPTER STUDY OF
Case: HDI, MDG 8 HUMAN
(Millenium DEVELOPMENT
Development INDEX OF
Goals).Green SELECTED
Economy INDIAN STATES
National
Monthly
Refereed
Journal of
Research In
Commerce &
Management 63
ISSN – 2277-
1166 Volume III,
February’14

REVIEW OF
HUMAN
DEVELOPMENT
INDEX IN INDIA
Pandit,
Dr.R.V.Gangshet
ty2
Volume - 5,
Issue- 2,
February 2017
ISI Impact Factor
(2013): 1.259
(UAE) SJIF
Impact
Factor(2016) :
6.484
www.eprawisdo
m.com EPRA
International
Journal of
Economic and
Business Review
Research Paper
e-ISSN : 2347 -
9671| p- ISSN :
2349 - 0187
EC101.1 1.5 Paul A http://jcil.lsyn
 Reasons and EC101.2
Unemployment Hrs. Samuelso dicate.com/wp
Types of EC101.3
10-11 ,Poverty n and -
Unemployment, EC101.4 William D content/uploa
Poverty
Nordhaus ds/2016/12/UN
5
 EMPLOYME
Chapter NT-AND-
17 A and POVERTY-
B PARADOX-
Chapter IN-INDIA-
29 Raj-
Sanchit.pdf
Journal On
Contemporary
Issues of Law
(JCIL) Vol. 2
Issue 10
EC101.1 1.5 Paul A Dating Business
EC101.2 Hrs. Samuelso Cycles in India
 Great EC101.3 n and No. 175 05-
Depression, Sep EC101.4 William D Sept-16
11 RadhikaPandey,
Nordhaus
 Business IlaPatnaik and
Cycles- Ajay Shah
Chapter
Concept, NIPFP Working
22 A,B
Factors, Impact, paper series
Economic
PRINCIPL
Understanding slowdown, ES OF
12
Business cycles Recession. MACROE
Remembering CONOMIC
Keynes S
effective
demand –Says C.RANGA
law-C+I+G RAJAN,
 Impact of recent B.H.DOLO
credit crisis, KIA
Dot com,
CHAPTER
4
EC101.1 1.5 PRINCIPL A Study on
 WPI, EC101.2 Hrs. ES OF Inflation in
CPI EC101.3 MACROE India
 Inflation- EC101.4 CONOMIC http://www.isc
Types, S
a.in/IJSS/Arc
Causes, hive/v2/i12/9.I
C.RANGA
Inflation Impact. RAJAN, SCA-IRJSS-
13
 Food B.H.DOLO 2013-169.pdf
prices, KIA R.V.S.S.,
Inflation Nagabhushana
and CHAPTER Rao1 , P.
Interest 7 Chenchu
rates. Paul A Reddy2 , A.M.
Samuelso Mahaboob

6
 n and Basha2 , P.
William D Srinivasulu3 and
Nordhaus K. Sai Pranav4

Chapter
30 A,B
EC101.1 1.5 PRINCIPL AN ANALYTICAL
EC101.2 Hrs. ES OF REVIEW OF THE
EC101.3 MACROE MONETARY
EC101.4 CONOMIC POLICY OF INDIA
S FROM 2008 TO
2013
C.RANGA
http://www.re
RAJAN,
B.H.DOLO
searchfront.in
Monetary Policy and its KIA /07%20APRI
instruments BR, CRR, L-
SLR, PLR CHAPTER JUNE%20201
7 4/10.pdf
RBI, Credit policy Paul A IshaDhar
Role of RBI and Samuelso
Monetary Banking and Money n and
14
Policy theories and Banking William D
systems in India), Role Nordhaus
of Money,
BR, CRR, SLR, PLR, Chapter
Repo rate, Case - 24
Banking in the New INDIAN
Millennium ECONOM
Y
V.K.Puri
and S.K.
Misra

Part VI
Chapter
45 to 47
EC101.1 1.5 PRINCIPL Budget 2017-18:
Public finance-
EC101.2 Hrs. ES OF Business as
Fiscal deficit and its EC101.3 MACROE Usual
Public finance- impact, Stimulus package C101.4 CONOMIC No. 191 01-Mar-
Budget Fiscal Policy (Taxation& S 2017 M.
15-16 Concepts types, Public debt, trends GovindaRao
C.RANGA
in India, http://www.ni
RAJAN,
Reforms,lafercurve,Suppl B.H.DOLO
pfp.org.in/me
y side economics) Cases- KIA dia/medialibr
GST,VAT ary/2017/03/
WP_2017_191
7
 CHAPTER .pdf
4
Paul A
Samuelso
n and
William D
Nordhaus

Chapter
16 A,B.C
INDIAN
ECONOM
Y
V.K.Puri
and S.K.
Misra

Part VII
Chapter
50 to 54
EC101.1 1.5 INDIAN http://www.ni
EC101.2 ECONOM pfp.org.in/me
EC101.3 Y dia/medialibr
EC101.4 V.K.Puri ary/2017/09/
and S.K. WP_2017_205
Misra .pdf
Bolder
Policies, progress,
Part IV Disinvestment
problems. Chapter or Better
Privatisation, SSI, SEZ 26 to 35 Performance
Industry and Debate of disinvestment -
17 Contracts?
Infrastructure
Cases (centaur hotel, Which Way
balco, modern breads) Forward for
India’s State-
Owned
Enterprises
No. 205
04-Sep-2017
Ajay
Chhibber and
Swati Gupta
EC101.1 1.5 INDIAN INDIAN STOCK
Concepts, Reforms EC101.2 ECONOM MARKET -
EC101.3 Y REVIEW OF
18 Stock Market SENSEX, NIFTY, BSE, EC101.4 V.K.Puri LITERATURE
NSE, SEBI
and S.K. http://www.ta
rj.in/images/d
8
 Misra ownload/AJM
MR/TAJMM
Part VI R%20JULY
Chapter %202013%20
48 COMPLETE
%20PDF/7.6,
%20Ms.%20
Anju%20Bala
.pdf
EC101.1 1.5 INDIAN http://www.ab
EC101.2 ECONOM rmr.com/myfi
EC101.3 Y le/conference_
EC101.4 V.K.Puri proceedings/C
and S.K. on_Pro_16615
Misra /2015iciee_ind
ia16.pdf
Part V
Need for it –Trade Chapter India’s
theories-, Tariffs, Quotas, 36 to 41 international
Balance of payments, trade since
19 Foreign trade globalization
EXIM, FEMA,
AmolDattatraya
CONVERIBILITY
Matore and
FDI, FII, FOREX SunandaSagar
International
Conference on
Issues in
Emerging
Economies
(ICIEE), 29-30th
January 2015 8

EC101.1 1.5 INDIAN Globalization

EC101.2 ECONOM Process in India:
EC101.3 Y A Historical
EC101.4 V.K.Puri Perspective
and S.K. Since
Meaning, Independence,
Misra
Debbates,IMF,WorldBan 1947
20 Globalisation k,WTO,Trade Wars, Part V https://www.r
Trans Pacific Partnership Chapter esearchgate.n
(TPP) 42 to 43 et/profile/Pra
bina_Rajib/pu
blication/2652
70457_Globali
zation_Proces
s_in_India_A_

9
 Historical_Per
spective_Since
_Independenc
e_1947/links/5
4e736270cf2b
1990609d1b2/
Globalization-
Process-in-
India-A-
Historical-
Perspective-
Since-
Independence
-1947.pdf
Amar K J R
Nayak*,
KalyanChakravar
ti** and
PrabinaRajib*
Presentations

Required & Recommended Reading:

Required Reading
1 MACROECONOMICS C.RANGARAJAN, B.H.DOLOKIA

2 INDIAN ECONOMY MISRA AND PURI

3 INDIAN ECONOMY RUDDAR DUTT AND K.P.M.SUNDARAM

4 ECONOMICS SAMUELSON AND NORDHAUS

5 Indian Economy (ed) Uma Kapila& Raj Kapila

6 Soft copy Modules Faculty

Recommended Reading
1 Kautlya today Jairam Ramesh

2 ET IN THE CLASS ROOM ECONOMIC TIMES

3 ARTICLES (MOVING FROM FRONT PAGE TO EDITORIAL PAGE) ECONOMIC TIMES reading

4 World is flat Thomas Friedman

5 India Unbound Gurucharan das

10
5. World class in India SumantraGhosal, Gita Piramal and SundeepBudhiraja ...

6. Economics for everyone India Infoline

Learning and Teaching Methods:

Classroom sessions, presentations, case studies, audio-video tools, Independent study,
Seminars
Resource Requirement:
Faculty, Guest speakers, Library, Online material

Assessment Methodology: CO

Assessment Type Duration/Length of Weightage of Approximate Date of

Assessment Type Assessment Submission
Written -1 - Mid As per Exam
EC 101.1, EC
Term (Closed book, 3 hours 30% schedule of UBS
101.2
written examination)
Written -2 - Quiz 30 minutes (100 words As per UBS
10% EC 101.1
Equivalent) schedule
Written -3 - As per UBS
EC101.1
Presentation /Case/ Depending upon the schedule
EC101.2
Assignment/Reports- Size of the group 20%
EC101.3
Group/Individual
EC101.4
work
Written -4 -End As per Exam EC101.1
Term (Closed book, schedule of UBS EC101.2
3 hours 40%
written EC101.3
examination,) EC101.4

11