CORE CONCEPTS OF MANAGEMENT
MARKETING MANAGEMENT
FINANCIAL MANAGEMENT
HUMAN RESOURCES MANAGEMENT
OPERATIONS & PRODUCTION MANAGEMENT

Monetary and Fiscal Policy
Macroeconomics concerns itself with the economy as a whole. Monetary and fi scal policy are its tools. Gross Domestic Product (GDP) and its growth is a measure of the success or failure of macroeconomic policy. The author of this lesson, Dr. Shyamal Roy of IIMB, defi nes the constituents of GDP. What is real GDP? How does it concern business and industry? What happens under infl ationary and recessionary conditions? Does it matter how much money is fl oating around? Is it necessary for governments to be prudent in the matter of their spending? Ml, M2, and M3, what are they? How do interest rates affect savings and investments? This lesson answers all these questions. From the perspective of an industry manager this lesson also illustrates the issues of aggregate demand, aggregate supply, SLRs, and CRRs. The RBI act of walking the tightrope, of investments, savings and infl ation, will be appreciated. Do we know what is right for a developing economy? How do we compare with others in the developing world? What’s right for the North may not be right for the South. Emerging trends in monetary and fi scal policy are dealt with.
CC/EC03

25 Mins

25 Mins

50 Pages
Equivalent classroom time: 5hrs