Executive PGDM

Macroeconomics and the Global Economic Environment

Unit 1: Global Economic Environment : Main forces and drivers of globalization. Concerns of
globalization. The changing nature of international business in response to the changing global
economy.

Unit 2: Macro Economic Concepts & Performance : the concept and measurement of aggregate
output and input (e.g., Gross Domestic Product [GDP]); Keynesian and post-Keynesian income
determination analysis; fiscal policy (including government deficits and the public debt); monetary
policy, the role of the Central Banks , and the banking system; economic growth; international trade
and exchange rate determination.

Unit 3: Global Economic Trends: International Economic Institutions: Agencies and Agreements ;
Regional Economic Integration ; Global Business Management.

Suggested Books

1. Mankiw, Principles of Macroeconomics, Worth Publishers, (6th edition), 2006.

2. Chales, W. L. Hill, Global Business Today, 6th edition, McGraw-Hill Irwin, 2008
3. David Miles & Andrew Scott, Macroeconomics and The Global Business Environment, 2nd
Edition, Wiley, 2005
4. John Sloman, The Economic Environment of Business [paperback] , 2nd edition,
Pearson Education limited, 2008
5. Manab Adhikari, Global Business Management : In an International Economic
Environment, Macmillan Publishers India, 2000