2) Managerial Economics – II

National Income Analysis: National Income Calculations and their applications – Business Fluctuations, features and causes.
Balance of payment Analysis: Concept and causes of disequilibrium – Devaluation and its impact on trade – Mechanism of International Payments – Flexible exchange rate systems.
Policy Environment: Monetary and Fiscal policy – Impact on business decision making – Trade Policies – Role of World Trade Organisation.
Globalisation: Gains and Problems – Emerging regional trade blocks – International capital flows (with special reference to India) – Foreign Direct Investment – Portfolio Management.
Case Studies on Government policy and business environment relating to any one of the following countries: India, U.S.A., China and Japan.