Code: 2.2                                                                                   

           Total hours: 50                                                     Workload: 4 hours per week


Pedagogy: Lecturers, Assignments, Cases etc.



  1. To familiarize the students with basic concepts of macro economics.
  2. To use the macro economic tools in decision making process.

Module – I  

Macro Economics: Meaning, Concepts, Importance and Limitations, Features of Indian Economy.  

                                                                                                                                      (6 hrs)

Module – II  

Nature and scope of business environment

  1. Business: Meaning, objectives and characteristics.
  2. Business Environment: Meaning, types – Social, Economic, Political and  Legal, Natural, Technological.

(8 hrs)

Module – III  

National Income: Meaning Concepts, Composition and Growth per capita income.

                                                                                                                                      (8 hrs)

Module – IV   

Indicators of economic growth, Physical Quality Life Index (PQLI), Human Development Index (HDI), Standard of Life Index (SOLI), Meaning and their importance.

                                                                                                                                  (10 hrs)

Module – V  

Macro Economic Policies: SSI policy of 1991, RBI and its Functions, Monetary and Credit Policy of RBI, Fiscal Policy and Budget of Central Government.

                                                                                                                                  (10 hrs)

Module – VI 

WTO: Meaning, Origin, Structure & functions, its implication for India, Conflicting interest of developing and developed countries.

                                                                                                                                (8 hrs)

Suggested Books:


  1. Economic Environment of Business by - Mishra and Puri.
  2. Indian Economy  by - KPM Sundaram.
  3. Essentials of Indian Business Environment by - K. Ashwathappa.
  4. Managerial Economics- Nadar & Vijayan
  5. Managerial Economics – Maheshwari.