Macro-Economic Analysis

Paper Code: 
ATG/BSG/FSG -223
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

The course will enable students to -

 

 

  1. Acquire knowledge about  the concept and theories of Macroeconomics 
  2. Gain an understanding about the macroeconomic variables including national income, inflation and trade cycle.

 

Course Outcomes (Cos):

 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG / BSG / FSG 223

 

Macro Economic Analysis (Theory)

 

The students will be able to –

 

CO35: Understand fundamentals of macroeconomics, classical concept of aggregate demand and aggregate supply.

CO36: Gain insight into the Keynesian approach to income output and employment

CO37: Comprehend with the concept of consumption and investment and the working of the multiplier and accelerator.

CO38: Apply economic reasoning by understanding the concept of inflation, inflationary trends.

CO39: Extend the knowledge of macro economics by understanding the concept and theories of trade cycle.

Approach in teaching:

 

Interactive Lectures, Discussion, Tutorials, Reading assignments, Team teaching

 

Learning activities for the students:

 

Field activities, Presentation, Giving tasks

Class test,

Semester end examinations,

Quiz, Solving Numerical problems in tutorials, Assignments,

Class Presentation

 

18.00
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

18.00
Unit II: 
.
  • Classical theory of Employment : Meaning ,Type of unemployment, Assumption, Explanation of classical theory of employment & criticism
  • Keynesian Theory of employment: Introduction Assumption, Explanation , Criticism

 

18.00
Unit III: 
.

• Consumption function –Meaning, Attributes, Factors affecting consumption function and psychological law of consumption.
• Investment functions: Meaning , Investment, Types of investment, Marginal efficiency of capital- Factors affecting MEC,MEC and ROI, Investment demand curve.

18.00
Unit IV: 
.

• Multiplier – Working of Multiplier, Assumptions of Multiplier, significance and limitations of multiplier Leakages of Multiplier.
• Accelerator- Meaning, Principles, Multiplier-Accelerator interaction

18.00
Unit V: 
.

• 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 trade cycle, Schumpeter theory of trade cycle

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: 
2019-2020
  • Printer-friendly version
  • PDF version