Coming soon
Macro Economic Analysis
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 |
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 |
- 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
- 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.
· 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
- 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
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
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
- Koutsoyiannis, Modern Economics, New York, Macmillan,1991
- Dornbusch, R. and S., Fischer. Macro Economics . Publisher Tata McGraw Hill
- Mankiw, N. Gregory. Macro Economics. Macmillan.
- Oliver, Blanchard. Macro Economics, Pearson Education, LPE.
E- resources:
- https://m.rbi.org.in/scripts/Publications.aspx
- https://www.pdfdrive.com/macroeconomics-e158130218.html
- https://www.pdfdrive.com/intermediate-macroeconomics-books.html
- https://www.pdfdrive.com/principles-of-macroeconomics-e18719078.html
- Yojana, A development Monthly, Government of India Publication
- Microeconomics and Macroeconomics, Scientific and Academic Publishing
- Economics, De Gruyter Open Access
- International Journal of Economics and Business Research, Inderscience Publisher
- Bank Quest, Indian Institute of Banking and Finance, India
