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Home > MACRO-ECONOMIC ANALYSIS (THEORY)

MACRO-ECONOMIC ANALYSIS (THEORY) [1]

Paper Code: 
BSG 223
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
18.00
  • 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
  • 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

·         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
  • 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
  • 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: 
  • Seth M. L, Macro Economic theory, M.L. Seth, Laxmi Narayan Agarwal, Agra
  • Vaish M. C ,Macro economic Theory, Wishwa Prakashan, New Delhi
  • Ahuja H.L. , S. Chand & Sons Publication, Delhi
  • Shapiro Edward, Macro Economic Analysis Galgotia Publication, Delhi
  • Mithani D.M, Money, Banking International Trade and Public Finance, Himalaya Publishing House

 

 

References: 

SUGGESTED READING

  • 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

 

 

JOURNALS

  • 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
     

 

 

 

Academic Year: 
2023-2024 [6]

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Source URL: https://business.iisuniv.ac.in/courses/subjects/macro-economic-analysis-theory

Links:
[1] https://business.iisuniv.ac.in/courses/subjects/macro-economic-analysis-theory
[2] https://m.rbi.org.in/scripts/Publications.aspx
[3] https://www.pdfdrive.com/macroeconomics-e158130218.html
[4] https://www.pdfdrive.com/intermediate-macroeconomics-books.html
[5] https://www.pdfdrive.com/principles-of-macroeconomics-e18719078.html
[6] https://business.iisuniv.ac.in/academic-year/2023-2024