UNIVERSITY OF MUMBAI

&
SVKM's
Mithibai College of Arts,Chauhan
Institute of Science &Amrutben Jivanlal
College of Commerce andEconomics
Vile Parle (W), Mumbai – 56.

Syllabus under Autonomy

BACHELOR OF COMMERCE (B.COM)

SEMESTER – I & II
Discipline Related Elective(DRE) Courses

Business Economics
To be implemented from AY 2019 - 2020
 Members Board of Studies in Business Economics

Mithibai College (Autonomous)

1. Sonali Chatterjee – Head of the Department, Mithibai College (Chairperson)

2. Faculty Members of the Department of Business Economics

) Manish Gogari– Assistant Professor, Department of Business Economics

a) Bidisha Sarkar- Associate Professor, Department of Business Economics
b) Gorakhnath Uttekar– Assistant Professor, Department of Business Economics

3. a) Dr. SangitaKamdar, Professor, School of Business Management NMIMS

University (Special Invitee)
b) Mr. Pramod Panda, Senior Programme Director (Centre for Advanced Financial
Research and Learning (CAFRAL) (Special Invitee)

4. Dr. Chandrahas S. Deshpande, Professor, Economics

Wellingkar Institute of Management and Research (Expert nominated by Vice
Chancellor)
5. Mr. Rajeev Pawar, Executive Vice President
Edelweiss Financial Services (Industry expert)

6. Mr. Manish Jain, Founder GormalOne LLP (Postgraduate meritorious

alumnus)
 Programme: F.Y.B.Com.

Semester I

Course Code Course Title No of Lectures (48 minutes) Credits

per week
UCBE101M Business Economics I- 03 03
Microeconomics

F.Y.B.Com.

Semester I

Business Economics I

Microeconomics
MODULE I: Demand and Demand forecasting (10 Lectures)

Nature of demand curve under different markets

Elasticity of Demand and its significance in business decision making

Meaning and significance – methods of demand forecasting: survey and statistical methods
(numerical illustrations on trend analysis and simple linear regression)

MODULE II: Production function, Costs and Revenue Analysis (15 Lectures)

Short run analysis with Law of Variable Proportions- production function with two variable
inputs- isoquants- Long run production function and laws of returns to scale- Economies and
diseconomies of scale.

Various cost concepts and production cost curves with slopes and their interrelationship,
derivation of long run average cost curve. (hypothetical numerical problems).

Revenue structure under perfect and imperfect markets, Break even analysis (with business
application)

MODULE III: Perfect Competition and Monopoly (10 lectures)

Features of perfect competition, short run and long run equilibrium of a firm and industry
under perfect competition

Sources of monopoly- short run and long run equilibrium of a firm under monopoly.
MODULE IV: Monopolistic Competition and Oligopoly (10 Lectures)

Monopolistic Competition: Features and wastages- case studies.

Oligopoly: Features, kinked demand curve, game theory- case studies.

Note: The methodology will include case studies both numerical and analytical

References
1. Gregory Mankiw Principles of Economics, South-Western College Publishing; 7th edition
December 2013
th
2. Paul A. Samuelson and William D. Nordhaus Microeconomics, McGraw Hill Education, 19
edition
3. Dominick Salvatore (adapted by Rakesh Shrivatsava) Managerial Economics: Principles and
th
Worldwide Application, OUP, New Delhi 7 edition

4. Frank Robert.H, Bernanke. Ben S., Principles of Economics, McGraw Hill Education
5. H.L. Ahuja, Advanced Economics Theory, S. Chand & Co Ltd 2017
6. Paul Keat, Philip. K. Young and Sheejata Banerjee Managerial Economics, Pearson
Education, 2016

7. William A. McEachern and Simrit Kaur, Micro ECON : A South-Asian Perspective,

Cengage Learning, 2018
 Assessment Pattern

Components Marks
Internal 25
(Assignment/test)
Semester- end 75
examination

Question Paper Pattern (Semester –end Examination)

Maximum marks: 75

Duration: 2 hours 30 minutes

All questions are compulsory

Q.No. Particulars Marks

Q.1. Attempt any two of the following 15
A)
B)
C)
Q.2. Attempt any two of the following 15
A)
B)
C)
Q.3. Attempt any two of the following 15
A)
B)
C)
Q.4. Attempt any two of the following 15
A)
B)
C)
Q.5. Objective and concept based 15
 F.Y.B.Com.

Semester II

Business Economics II

Principles of Macroeconomics
Course Code Course Title No of Lectures (48 minutes) Credits
per Week
UCBE202M Business Economics II : 03 03
Principles of
Macroeconomics

Module 1: Introduction to Macroeconomics (10 Lectures)

Macroeconomics- scope and significance

Circular flow of income
Measurement of National Income
Understanding business cycles
Case study: Financial crisis 2007-08

Module 2 National Income Determination (15 Lectures)

Aggregate demand and aggregate supply- effective demand

Consumption function- APC, APS, MPC, MPS- linear and non-linear consumption-
subjective and objective factors determining consumption

Investment function- MEC- factors determining MEC- rate of interest and MEC-
determination of level of investment

Investment multiplier and accelerator

Case study: 1: Trends in India’s national income

Module 3: Supply and Demand for Money (10 Lectures)

Supply of money- constituents – determinants- high powered money- velocity of circulation

of money

Demand for money- Quantity theory- Liquidity preference theory

IS-LM Model

Module 4: Inflation (10 Lectures)

Meaning- Concepts- core-retail-food inflation -Measurement- CPI and WPI, GDP deflator

Demand pull and cost push inflation- causes and effects

Phillips curve- concept and relevance

Measures to manage inflation

Case study: Role of RBI and the Monetary Policy Committee

References:

1. Ahuja. H.L., Modern Economics –– S.Chand Company Ltd. New Delhi.

2. Blanchard Olivier (2000), Macro Economics, Englewood Elitt, Prentice Hall
3. Dornbush , Rudiger, Fisher Stanley and Startz, Richards- Macroeconomics, Nineth
edition 2004 Tata-Mac Graw Hill, New Delhi.
4. Dwivedi, D.N. (2010), Macro Economics: Theory and Policy, Tata-Mac Graw Hill,
New Delhi.
5. Mankiw, Gregory .N. Macroeconomics, Seventh Edition (2014) South-Western
College Publication
6. Jhingan, M.L., Principles of Economics –– Vrinda Publications (P) Ltd.
7. Vaish .M.C. (2010) Macro Economic Theory 14th edition, Vikas Publishing
House(P)Ltd
8. D’souza Eroll, Macroeconomics – Pearson Education 2012
9. Economic Survey, Government of India
 Assessment Pattern

Components Marks
Internal 25
(Assignment/test)
Semester- end 75
examination

Question Paper Pattern (Semester –end Examination)

Maximum marks: 75

Duration: 2 hours 30 minutes

All questions are compulsory

Q.No. Particulars Marks

Q.1. Attempt any two of the following 15
A)
B)
C)
Q.2. Attempt any two of the following 15
A)
B)
C)
Q.3. Attempt any two of the following 15
A)
B)
C)
Q.4. Attempt any two of the following 15
A)
B)
C)
Q.5. Objective and concept based 15