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 –
|
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 |
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
• 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
• Macro Economic analysis - Edward Shapiro, Galgotia Publication, Delhi