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ECONOMIC ANALYSIS MBA-IB (Semester-I) Amity Business School, Jaipur Mamta Pankaj Jain (Senior Lecturer

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Email: mgupta3@jpr.amity.edu Phone: 8769073412 Chamber Consultation Hours: 3:00pm to 5:00pm (Monday to Friday) 1. Instruction Details Credit Units: 03 Course Duration: 35 sessions of 60 minutes each. Classroom Teaching Hours: 30 Tutorial Hours: 05 Self Study Hours: 4 to 6 hours per week. Course Lecture Hall Days* Time* Code No. MIBLTMonday to 106 Friday * Indicative class schedule. Please check with the master time-table of the program. 2. Course Details 2a. Course Objective: To familiarize the students with theoretical concepts of Economic Analysis so that they can use these, as inputs, in managerial decision making process. Emphasis would be laid on the understanding of key economic variables, both, at micro and macro levels which influence the business operations and strategies of the firm and the macro environment under which they operate. 2b. Learning outcomes: Upon completion of the course students will be able to: 1. Define and identify micro & macro economic terms and concepts. 2. Distinguish between economic concepts and measurements as well as creation and interpretation of graphs. 3. Calculate various micro-macro economic indicators/ variables and analyze the relationship between these variables. 4. Argue various micro-macro economic determinants and evaluate their impact on real life. 2c. Pedagogy/Instruction Methodology: Lectures, Presentations, case discussions, E-Comics ,Quiz, Brain Storming Sessions and Real Date base Analytical Discussions.

G. Macroeconomics.P.com .com www. Economic Theory and Operations Analysis.economywatch.indiatimes. Macroeconomics.com www. G. S. New Delhi Seth M. Irwin. Galgotia Publication (P) Ltd.about. Baumol W. Economics. H. Pearson education. Tata McGraw Hill Dewett.com www. Abel Andrew. New Delhi. Oxford Press.2d. Lipsey R. Shapiro Edward./managerial-economics www. economictimes.business-standard.L. Macro Economics. Homewood.in www. Tata McGraw Hill.J. Macroeconomics. Ltd Useful Websites:             www. Chand &Co.L. Fisher. Bach.org.. Thomson Publication. Chand &Co.com www. Principles of Economics.L. Salvatore D.com/..commerce.nic. Pearson Education. Text and References: Text:   Ahuja. and K.in www. Modern Microeconomics. Agarwal Publications.org www.rbi.assocham. Prentice Hall of India. Dwivedi D. Managerial Economics. S. New Delhi Errol D’ Souza. Principles of Macro Economics. New Delhi.L. Prentice Hall of India.economics. Macmillan Gould. Managerial Economics. Chand &Co. S. New Delhi Ahuja H. L... Microeconomic Theory.hinduonnet. K. Oxford University Press. New Delhi References:                 Koutsoyiannis. A. Modern Economic Theory: S. Macro Economic Analysis..N..com/od/microeconomics www. Oxford.C.financialexpress. Mehta P. Chand &Co.ficci. Vikas Publishing House Pvt. Chrystal. Agra. Macro Economics. Macroeconomics. Richard. J.com www. and Edward P. 2003.managementparadise. Dornbusch R. & S. Fourth Edition.L.com › Business www. Macroeconomics Theory and Policy. K. Advanced Economic Theory (Micro Economics). Vaish.investopedia.A. M. Mankiw.

Elasticity in Decision Making Supply: Meaning. Constrained Decision Making Demand: Determinants. Cross Elasticity Relationship of demand with Total and Marginal Revenue. ( February 1995). Determinants. Law of Demand Meaning. Law of Supply Determination of Market Equilibrium. The Hidden Order: The Economics of Everyday Life . Demand Forecasting Quiz II II II II 8 9 10 Q1 III . Tentative Delivery Schedule: Sessions Topic Course overview. Module I I I II Continuous Remarks/References Evaluation 1 2 3 4 5 6 7 Elasticity of Demand – Price Elasticity. Recommended Readings:  Friedman. This is another work that conveys the essence of economics in nontechnical prose. New York: HarperCollins Publishers. E. This book is not only pleasant and even delightful reading. (September 1997). The Armchair Economist. S. 2f.2e.  Landsburg. Touchstone Books. Introduction to Economics Managerial Economics (Micro and Macro) nature and scope Objective of a Firm . but is a very good way to 'test your understanding' of the nature of economics. Income Elasticity. and particularly of microeconomics and the economic way of thinking. D.

Physical Quality of Life Index 27 . Long run Cost function Break Even Analysis QUIZ Price output under Perfect Competition Price output under Monopoly Price output under Monopolistic Competition Price output under Oligopoly QUIZ Circular Activity flow of Economic III III IV 13 14 15 16 17 18 19 20 21 22 23 24 25 26 IV Q2 V V V V VI VI VI VI H1 VI VI Non-Graded Q3 Measures of National Income Measures of National Income Measures of National Income Discussion on given assignment 1 Balance of Payment Economic Growth and Development : Human Development Index.Production Function: with one variable input – short run analysis Production Function with two variable input – long run analysis 11 Economies and Diseconomies of Scale 12 Economic concepts of various cost Short run Cost function.

Comics 32 VIII 33 VIII 34 35 H4 Assignment No. . Group/Amizone: Lectures PPT. articles.28 29 Discussion on given assignment 2 Money: Demand and Supply Business Cycle: Inflation. Detailed Assignment Plan H2 VII VII E. Marks 25 25 25 25 3. case studies. Open Market Operation.3&4 2. SLR. and any other subject related material will be uploaded on Amizone from time to time. Budgetary Adjustment Fiscal Policy: Public Budget. 1 2 3 4 Topic/Module GDCF/GDP GDP/ GNP…welfare indicator? Nominal Interest Rate & Inflation Primary Deficit & Fiscal Deficit Module VI VI VII VI & VIII Nature of Assignment Analytical (Non-Graded) Analytical Analytical Analytical Learning Outcome 2&3 3&4 2. CRR Fiscal Policy: Public Budget.Comics 30 31 H3 VIII E. Budgetary Adjustment Discussion on given assignment 4 2 g.3&4 Max. Deflation and Stagflation Discussion on given assignment 3 Monetary Policy: Bank Rate and Interest Rate Variation.

Note: Copying and plagiarizing in any form for any of the evaluation components will result in zero marks. The details of the evaluation components are given below: S. Evaluation Details: Internal evaluation will be conducted for 30 marks. Failure to comply with these rules may result in disciplinary actions as stipulated in the Students Regulations. Evaluation Component 1 2 3 4 5 Home Assignment Quiz Class Test Attendance Weight (%) 05 05 15 05 Date for Learning Evaluation Outcomes With in the 2. Each quiz will have 50 questions.3&4 Session Date of Completion of Evaluation End of the Session End of Session End of Session End of Session End of Session the the the the Total (Internal) 30 End Term 70 Examination* *End Term Examination is External Evaluation Component (the evaluation scheme will be based on the objectives and the learning outcomes of the course) All evaluation components are individual tasks. Each question will carry one mark.4.2&3 -term exam schedule End of the Session End of the 1.No.3&4 Week of Submission 3ed . Academic integrity policy: Students are expected to follow Rules of Conduct and Academic Behavior Standards as detailed in the Student Regulations. It is continuous and spread throughout the course. 5.2&3 7th Week As per mid 1.5th & 1. Interpretation Component 2 – Quiz (5Marks) There will be 3 quizzes. Maximum time for each quiz will 45 minutes . calculation and analysis. Component 1 – Home Assignments ( 5 Marks) Criteria for Evaluation: The assignment will be evaluated based on the following parameters: Data collection.2.

Informal study groups should evolve among students. Distractive behaviors such as use of cell phone. 3.Attendance (5 marks). Maintain the dignity and decorum of the class. Please be regular and punctual in classes and no excuses. please try to give advance notice to avoid disappointment. instant messaging and chatting are not tolerated. 4. Whenever students need the faculty to interact outside the class. As per the university policy. More discussions will lead to higher learning. Keep abreast of latest developments by reading newspapers and magazines/ journals regularly. 05 Evaluation or Analytical skill based) Component 4. 2. . 5. (05 marks for theory. Violation of this rule will result in deduction of points from student’s grade.Class Test The test will be for 60 minutes duration. Learning environment: Matured conduct in classroom is the requirement for this course. General: 1.Component 3 . 05 marks for application of concepts and numerical/s.

Click on “Table 251: Wholesale Price Index. Click the “database” icon.rbi.rbi. Click on the “Table 2: Macro-economic aggregate (at constant prices)”. and literacy and rank them. Q.in) 2. QUESTIO/S: 1.1 Analyze the trend and pattern over a period of time. If GDCF is increasing (or decreasing) as a proportion of GDP. Create a spreadsheet of monthly data on yields for this maturity of treasury bills for the period April1999-2000 to 2008 5. GNP and per capita income of Indian economy for 10 years. Do the nominal interest rate and the rate of inflation graphs have the same Pattern? . Click the “database” icon. Under the classification of annual data. RBI website or EPW Research Foundations’ publications Assignment 3 1.Home Assignments Assignment 1 1. what does this indicate about other components of GDP? Assignment 2 Find data on GDP. Q. life expectancy. Click on the “table 191: Yield of SGL Transactions in treasury Bills for Residual Maturities”. 1: Calculate the GDCF/GDP ratio and draw a graph of this ratio over time. 2. click on the “Handbook of statistics on Indian Economy”.e. Under the classification of annual data. 4. infant mortality rate. Consider the same set of data separately for Indian states along with other variables i. Calculate the correlation coefficient between the nominal interest rate and inflation. 4.Annual Variation” and create a data column with the data for all commodities for the period April1999-2000 to 2008-09. Download data for the last 10 years on gross domestic capital formation (GDCF) and GDP (at market prices).org. Q.org. This data are the inflation rate for the period. 3.2: Can GDP be taken as an indicator of welfare or not? Data Sources: Economic Survey. click on the “Handbook of statistics on Indian Economy”. Look at the data for treasury bills with a term to maturity of 15-91 days. 6. 3. Go to the home page of Reserve bank of India (URL: www.in) 2. Go to the home page of Reserve bank of India (URL: www. Create a graph depicting the nominal interest rate available from the data in step 4 and the inflation rate available from the data in step 5.

8/1325. Click the “database” icon. 3.org. 5. The primary deficit as percent of GDP in 1980-81 then was (78.18/1325. For example: in the year 1980-81. 4. Create a graph of the primary deficit and fiscal deficit as a % of GDP for the years 1999-2000 to 2008-2009 2. What do you notice about the trend of the primary deficit and fiscal deficit over time period? Do the primary deficit and fiscal deficit diverge over time? If so what is the root cause of phenomenon that the difference between the fiscal deficit and primary deficit increase over time? .18 billion and the GDP was INR 1325. Then click on” Table 1: Macro-economic Aggregates (at current prices)” and insert data on GDP at factor cost (Base 1999-2000) for the period 1999-2000 to 2008-2009. Click on the “table 118: Combined Deficits of Central and State Governments” and insert data into a spreadsheet on the gross Fiscal Deficit and the Gross primary Deficit from 1999-2000 to 2008-2009.in) 2.20)x100= 5.3.20)x100=8. QUESTIO/S: 1. click on the “Handbook of statistics on Indian Economy”.20 billion. Are the inflation and nominal rate of interest are closely related? Why or why not? Assignment 4 1. the primary deficit was INR 78.13. 6.90. Calculate the Primary Deficit and Fiscal Deficit as a percentage of GDP each year. Go to the home page of Reserve bank of India (URL: www. 7. In a similar way the fiscal deficit as a percent of GDP in 1980-81 was (107.rbi. Under the classification of annual data.