Coming soon
25ATG/BSG/FSG223
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.
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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25FSG223 |
Macro Economic Analysis (Theory) |
CO4Examinethefundamentalsofmacroeconomics and Criticallyevaluatetheclassical theory of income and employment. CO44Evaluate the effectiveness of the Keynesian theory in explaining fluctuations in employment levels. CO45 Examinethe fundamentals of investmentfunction,multiplierandaccelerator. CO46 Interpret inflationary trends using key concepts by applying various theories to analyze trade cycle stages. CO47 Analyze the national incomeand estimate NI through measurement ofnationalincome. CO48 Contribute effectively in course-specific interaction.
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Approach in teaching:
Interactive Lectures, Discussion, Tutorials, Projects
Learning activities for the students:
Field activities, Presentation,Debates, Case Studies , Role-Playing |
Classtest,Semesterendexaminations, Quiz, SolvingNumericalproblemsintutorials,Assignments,ClassPresentation |
• MacroEconomics-Definition,Nature,Scope,TypesofMacroEconomicsAnalysis-MacroStatic,MacroDynamicandComparativeStatic
• ClassicaltheoryofEmployment:Meaning,Typeofunemployment,Assumption,Say’sLawofMarket,Explanationofclassical theoryofemployment &criticism
• KeynesianTheoryofemployment:Introduction,Assumption,Effectivedemand,Explanation,Criticism,ComparisonbetweenKeynesianandclassical theory
• Consumptionfunction–Meaning,Attributes,Factorsaffectingconsumptionfunctionandpsychologicallawofconsumption.
• Investment functions: Meaning, Types of investment, Determinants of Investment, Factors affecting MEC,MECandROI,Investmentdemandcurve.
• Multiplier–AssumptionsofMultiplier,WorkingofMultiplier,significanceandlimitationsofmultiplier,LeakagesofMultiplier.
• Accelerator-Meaning,Principles,Multiplier-Acceleratorinteraction
• Inflation:Meaning,definition,cost-pushinflation,demand-pullinflation,inflationarygap,measurestocontrolinflation,effectsofinflation.
• TradeCycle-meaning,Stagesoftradecycle,theoriesoftradecycle;Keynesiantheoryofbusinesscycle,Innovationtheoryofbusinesscycle
• NationalIncomeAnalysis–Definition,Importanceofnationalincomecalculation,MethodsofmeasuringNational Income, Calculation of National Income, Difficulties in measuring National Income, Nationalincome andEconomicWelfare
1. SethM.L,MacroEconomictheory,M.L.Seth,LaxmiNarayanAgarwal,Agra
2. VaishM.C,MacroeconomicTheory,WishwaPrakashan,New Delhi
3. AhujaH.L.,S.Chand&SonsPublication,Delhi
4. ShapiroEdward,MacroEconomicAnalysisGalgotiaPublication,Delhi
5. MithaniD.M,Money,BankingInternationalTradeandPublicFinance,HimalayaPublishingHouse
Suggested Readings:
1. Koutsoyiannis,ModernEconomics,NewYork,Macmillan,1991
2. Dornbusch,R.andS.,Fischer.MacroEconomics.PublisherTataMcGrawHill
3. Mankiw,N.Gregory.MacroEconomics.Macmillan.
4. Oliver,Blanchard.MacroEconomics,PearsonEducation,LPE.
E- resources:
1. https://m.rbi.org.in/scripts/Publications.aspx
2. https://www.pdfdrive.com/macroeconomics-e158130218.html
3. https://www.pdfdrive.com/intermediate-macroeconomics-books.html
4. https://www.pdfdrive.com/principles-of-macroeconomics-e18719078.html
5. Yojana,AdevelopmentMonthly,GovernmentofIndia Publication
6. MicroeconomicsandMacroeconomics,ScientificandAcademicPublishing
7. Economics,DeGruyterOpenAccess
8. InternationalJournalofEconomicsandBusinessResearch,IndersciencePublisher
9. BankQuest,IndianInstitute ofBankingandFinance,India
