BBS 2nd Year Economics

Syllabus

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Complete Course Content as per BBS Curriculum

Unit Title & Topics
1 Introduction to Macroeconomics
• Macroeconomics: Concept, Scope, Uses and Limitations
• Macroeconomic Concepts: Stock and Flow Variables
• Equilibrium and Disequilibrium
• Static and Dynamic Equilibrium Analysis
2 National Income Accounting
• Circular Flow of Income: Two, Three and Four Sector Economy
• Concepts of National Income: GDP, NDP, GNP, NNP (MP & FC), PI, DI, PCI
• Real GDP, Nominal GDP and GDP Deflator
• Measurement of National Income: Product, Income and Expenditure Method
• Difficulties in Measurement of National Income
Numerical Exercises
3 Classical Theory of Employment
• Unemployment: Concept and Types
• Say’s Law of Market: Concept, Assumptions and Implications
• Classical Theory of Employment: Assumptions, Components and Criticisms
4 Keynesian Macroeconomics
• Principle of Effective Demand
• Consumption Function: Psychological Law, Technical Attributes and Determinants
• Saving Function and Paradox of Thrift
• Investment Function: MEC, Investment Demand Curve and Determinants
• Income and Output Determination (Two, Three & Four Sector Economy)
• Investment Multiplier and Income Generation Process
• Government Expenditure, Tax and Foreign Trade Multiplier
Numerical Exercises
5 IS-LM Model of Income Determination
• Derivation of IS Curve and Product Market Equilibrium
• Derivation of LM Curve and Money Market Equilibrium
• General Equilibrium of Product and Money Market
• Shifts in IS-LM Curve (Monetary and Fiscal Policy Changes)
Numerical Exercises
6 Inflation and Business Cycles
• Inflation: Concept, Types, CPI and GDP Deflator
• Demand-Pull and Cost-Push Inflation, Core Inflation
• Effects and Anti-Inflationary Measures
• Phillips Curve and Stagflation
• Deflation: Concept and Causes
• Nature and Causes of Inflation in Nepal
• Business Cycles: Concept, Phases and Control Measures
Numerical Exercises
7 Monetary Theory
• Money Supply: Concept and Determinants
• Money Market and Capital Market: Concept and Functions
• Structure of Financial Market in Nepal
• Monetary Policy: Concept, Types, Objectives and Instruments
• Features of Current Monetary Policy of Nepal
8 Government Finance
• Government Budget: Concept and Components
• Deficit Financing: Concept, Objectives and Methods
• Sources of Government Revenue and Expenditure in Nepal
• Fiscal Policy: Concept, Types, Instruments and Objectives
• Fiscal Federalism and Nepalese Practice
9 Global Economy
• Global Economy: Concept and Trends
• Globalization: Drivers, Benefits and Defects
• Regional Integration and Trading Blocs
• Issues of Nepali Foreign Trade
• Exchange Rate: Fixed and Flexible System
• Balance of Payments (BOP)
• Foreign Direct Investment and Foreign Employment in Nepal
10 Contemporary Macroeconomic Issues in Nepal
• Macroeconomic Indicators of Nepal
• Privatization and Liberalization
• Economic Growth and Development
• Poverty and Economic Inequality
• Public Private Partnership (PPP)
• Financial Inclusion and Current Nepalese Status
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