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It is a University which is committed to excellence and overall development of the student and one where talent is nurtured and honed in the best possible manner. Come, be a part of our never-ending journey of accomplishments and accolades.

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To stimulate curiosity and cater to the global needs of a dynamic education, The IIS University - since inception - has been promoting and encouraging research-based experiential learning among all its students.

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IIS Univ
  • Admissions

    It is a University which is committed to excellence and overall development of the student...

  • Placements

    Excellent education not only imparts knowledge, but also paves the way for...

  • Life@IIS Univ

    Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with...

  • Academics

    Taking the age-old tradition of enlightenment through education forward,...

  • Research

    To stimulate curiosity and cater to the global needs of a dynamic education,...

  • About Us

    The IIS University, with its perfect amalgamation of innovation, inspiration...

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India

Phone:- +91-141-2400160-61, 2397906-07,

Fax: 2395494,2781158, Toll Free No.: 1800 180 7750

Macro Economic Analysis | Business Studies

Macro Economic Analysis

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Paper Code: 
24BSG223
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to develop a comprehensive understanding of macroeconomic concepts, theories, and key variables such as national income, inflation, and trade cycles.

 

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

title

 

24FSG223

 

Macro Economic Analysis

(Theory)

CO4 Examine the fundamentals of macroeconomics and Critically evaluate the classical theory of income and employment.

CO44 Evaluate the effectiveness of the Keynesian theory in explaining fluctuations in employment levels.

 CO45 Examine the fundamentals of investment function, multiplier and accelerator.

CO46 Interpret inflationary trends using key concepts by applying various theories to analyze trade cycle stages.

CO47 Analyze the national income and estimate NI through measurement of national income.

CO48 Contribute effectively in course-specific interaction.

 

Approach in teaching:

 

Interactive Lectures, Discussion, Tutorials,     Projects

 

Learning activities for the students:

 

Field activities, Presentation, Debates,

Case Studies

, Role-Playing

Class test, Semester end examinations, Quiz, Solving Numerical problems in tutorials, Assignments, Class Presentation

 

18.00
Unit I: 
Macro Economics and Classical Theory of Employment
  • Macro Economics- Definition, Nature, Scope, Types of Macro Economics Analysis-Macro Static, Macro Dynamic and Comparative Static
  • Classical theory of Employment: Meaning ,Type of unemployment, Assumption, Say’s Law of Market, Explanation of classical theory of employment & criticism

 

18.00
Unit II: 
Keynesian Theory of Employment and Consumption function
  • Keynesian Theory of employment: Introduction, Assumption, Effective demand, Explanation, Criticism, Comparison between Keynesian and classical theory
  • Consumption function – Meaning, Attributes, Factors affecting consumption function and psychological law of consumption.

 

18.00
Unit III: 
Investment Functions, Multiplier, and Accelerator

·        Investment functions: Meaning, Types of investment, Determinants of Investment, Factors affecting MEC, MEC and ROI, Investment demand curve.

·        Multiplier – Assumptions of Multiplier, Working of Multiplier, significance and limitations of          multiplier, Leakages of Multiplier.

Accelerator- Meaning, Principles, Multiplier-Accelerator interaction

18.00
Unit IV: 
Inflation and Trade Cycle
  • Inflation: Meaning, definition, cost- push inflation, demand- pull inflation, inflationary gap, measures to control inflation, effects of inflation.
  • Trade Cycle- meaning, Stages of trade cycle, theories of trade cycle; Keynesian theory of business cycle, Innovation theory of business cycle

 

18.00
Unit V: 
National Income Analysis

National Income Analysis –Definition, Importance of national income calculation, Methods of measuring National Income, Calculation of National Income, Difficulties in measuring National Income, National income and Economic Welfare

Essential Readings: 

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

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

3.      Ahuja H.L. , S. Chand & Sons Publication, Delhi

4.      Shapiro Edward, Macro Economic Analysis Galgotia Publication, Delhi

5. Mithani D.M, Money, Banking International Trade and Public Finance, Himalaya Publishing House

References: 
  1. Koutsoyiannis, Modern Economics, New York, Macmillan,1991
  2. Dornbusch, R. and S., Fischer. Macro Economics . Publisher Tata McGraw Hill
  3. Mankiw, N. Gregory. Macro Economics. Macmillan.
  4. Oliver, Blanchard. Macro Economics, Pearson Education, LPE.

E- resources:

  1. https://m.rbi.org.in/scripts/Publications.aspx
  2. https://www.pdfdrive.com/macroeconomics-e158130218.html
  3. https://www.pdfdrive.com/intermediate-macroeconomics-books.html
  4. https://www.pdfdrive.com/principles-of-macroeconomics-e18719078.html
  5. Yojana, A development Monthly, Government of India Publication
  6. Microeconomics and Macroeconomics, Scientific and Academic Publishing
  7. Economics, De Gruyter Open Access
  8. International Journal of Economics and Business Research, Inderscience Publisher
  9. Bank Quest, Indian Institute of Banking and Finance, India

 

Academic Year: 
2024-2025
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