HM401

Industrial Economics

Pre-Requisite : None
Contact Hours and Credits : ( 3 -0- 0 ) 3

Objective : 

This course is intended for the students to understand the economic concepts that are in vogue in industries.

Topics Covered :

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. Monetarypolicy. Functions of banks. Credit creation by commercial banks.

Course Outcomes :

Students will

  • CO1: It gives knowledge about over all functions of the market, Cost, Revenue, Demand and Supply of the firms.
  • CO2:  It will help the students to know what determines the rate of growth of an economy, factors causing low or high unemployment and business cycle.
  • CO3: It gives the students exposure to capital budgeting, risk analysis and decision making.
  • CO4: It makes the students know the overview of Liberalization, Privatization and Globalization.
  • CO5: Students are made to understand the importance of fiscal policy for a nation.

Text Books:

  • M. Adhikari, Business Economics, Excel Books, 2004.
  • S.K. Misra & V.K. Puri, Economic Environment of Business, HPH, 2003.

Reference Books:

  • Dewett, K.K:Modern Economic Theory,Chand.S&co,1998.
  • Gupta C.B: Business Organisation and Management, Chand, S. & co,1998.
  • Philip Kotler: Marking Management, PHI, 1999.