Economic Analysis-II

Paper Code: 
(MED-223)
Contact Hours: 
60.00
Objective: 

To explain the advanced concepts of Macroeconomics and various   aspects of consumption, investment function, multiplier concept and business cycle

7.00
Unit I: 

Macro Economics- Meaning, Definition, Nature, Scope, Types of Macro Economics-Macro Static, Macro Dynamic and Comparative Static .
Says’s Law of market-Meaning assumption, explanation & criticism

10.00
Unit II: 
Classical theory of Employment :

Meaning ,Type of unemployment, Assumption, Explanation of classical theory of employment & criticism

10.00
Unit III: 

Keynesian Theory of employment: Introduction Assumption, Explanation , Criticism

 

8.00
Unit IV: 

Consumption function –Meaning, Attributes, Factors of consumption function and Keynes Theory.

Investment functions: Meaning ,Investment, Types of investment, Marginal efficiency of Investment ,Relationship with Rate of Investment & Investment demand, Keynes Theory of investment.

Unit V: 

Multiplier – Working of Multiplier, Assumptions of Multiplier, Leakages of Multiplier.
Accelerator- Meaning, Principles, Multiplier-Accelerator interaction

Essential Readings: 

Macro Economic analysis - Edward Shapiro, Galgotia Publication, Delhi

Macro Economic theory - M.L. Seth, Laxmi Narayan Agarwal, Agra

Macro economic Theory – M.C. Vaish,Wishwa Prakashan, New Delhi

Macro Economic Theory, H.L.Ahuja, S.Chand & Sons Publication, Delhi

Academic Year: 
2018-2019
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