Course Description:The course ‘Economic Environment of Business in India’ enables students to assess the environment, especially the macroeconomic environment, in which businesses operate. The emphasis is on studying the impact of macroeconomic policies on business performance, the role played by institutions – governments, monetary and financial institutions, and market institutions, and the macroeconomic consequences of globalization. The students are also introduced to a brief history of Indian economic development and the current state.
The course, carrying 4 credits, will comprise of the following modules.
Macroeconomic Indicators and Measurement
Money, Interest Rate and the Exchange Rate
Aggregate Expenditure, Fiscal & Monetary Policies
Indian Economic Development
Assessment Pattern (Tentative)
Class Assignments – 2 assignments of 10% weightage each
20%
Term Paper
20%
Mid Term Exam
30%
End Term Exam
30%
Suggested Readings
Mankiw, N.G. (2012). Principles of Macroeconomics (6th edition). Cengage.
Kennedy, P.E. (2012). Macroeconomic Essentials: Understanding Economics in the News (3rd edition), Prentice Hall.
Daniels, J., Radenaugh, L., Sullivan, D., Salwan, P. (2018). International Business (16th edition). Pearson.
Dsouza, E. (2012). Macroeconomics (2nd edition). Pearson.
Kapila, U. (2019). Indian Economy since Independence (30th edition). Academic Foundation.
