Coming soon
Macro Economic Theory I
The objective of this course to explain basic concept of macro-economics and also discuss different types of macro-economic variables
Course Outcomes (COs):
The objective of this course to explain basic concept of macro-economics and also discuss different types of macro-economic variables
Course Outcomes (COs):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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COM 504 |
MacroEconomic Theory I |
CO170Understand the fundamentals of macroeconomics, aggregate demand and aggregate supply CO 171Critically evaluate the classical aspects of macroeconomics and the Keynesian macroeconomics concept. CO 172Assess the economic performance by understanding components and methods of calculating National Income CO 173Identify the source economic growth by understanding the indicator of growth and development |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments, Team teaching
Learning activities for the students: Field activities, Presentation, Giving tasks |
Observation, Presentation, Report writing |
Macro Economics- Meaning, Definition, Nature, Scope, Importance and Limitations and Types of Macro Economics-Macro Static, Macro Dynamic and Comparative Static. A concept of circular flow of Income
Classical Theory of Employment- Assumptions, Determination of Full employment output, Says Law of Market: Equilibrium in commodity Market, Implications of Says Law of Market, and Criticism of classical theory of employment
Keynes’ theory of Employment and Output- Aggregate Supply, Aggregate Demand, Effective Demand, Comparison between Classical and Keynesian contribution
National Income Analysis –Definition, Concepts, Methods of measuring National Income, Importance of national income, Difficulties in measuring National Income
Economic growth and development: Meaning, difference between growth and development, indicators of economic growth, role of economic and non economic factors in economic development
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 Dipsey R.G and Cheystal, Principles of economy, Oxford university Press
