Course Outcomes (COs):
Course Outcomes |
Learning and teaching strategies |
Assessment Strategies |
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On completion of this course, the students will be able to: CO192: Gain an understanding on the Macro Economic theory. CO193: Analyze Keynes’ Theory of employment and output. CO194: Understand the concept, Significance, Limitations and assumptions of Multiplier. CO195: Focus on the various aspects of National Income. Calculate National Income using various methods. CO196: Order the different phases of business cycles and their impact on the economy. |
Interactive Lectures, Discussion, Tutorials, Practical cases Demonstration, Power point presentation, Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects, Case Study Analysis |
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Macro Economics
· Meaning, Definition, Nature, Scope, Importance and Limitations, Types of Macro Economics-Macro Static, Macro Dynamic and Comparative Static.
Keynes’ theory of Employment and Output
· Aggregate demand, Aggregate supply, Effective demand and Complete model of Keynes’s theory, Criticisms of theory.
Concept of Multiplier
· Assumptions of multiplier,Working of multiplier, Leakages of multiplier. Significance and Limitations of multiplier.
National Income Analysis
· Definition, Concepts, Components of National Income. Methods of measuring National Income, Difficulties in calculating National Income, Importance of National Income Analysis.
Inflation
· Introduction, meaning of inflationary gap, effects and control of inflation.
· Business Cycle- Meaning and phases of business cycle- Recovery, Propriety, Recession, Depression.
· Macro Economics (Money, Banking and Public Finance) TR Jain and OP Khanna, Himalya Publication Delhi
· Exam Kit
· Macro Economic analysis - Edward Shapiro, Galgotia Publication, Delhi
· Macro Economic theory - M.L. Seth, Laxmi Narayan Agarwal, Agra
· Macro economic Theory – M.C. Vaish,WishwaPrakashan, New Delhi
· Macro Economic Theory, H.L.Ahuja, S.Chand& Sons Publication, Delhi
· Dipsey R.G and Cheystal, Principles of economy, Oxford university Press
· https://books.google.co.in/books/about/Macroeconomics_20e.html?id=7psGEAAAQBAJ&redir_esc=y
· https://books.google.co.in/books/about/Macroeconomics.html?id=Dv7ADSYJrKgC&redir_esc=y
· https://books.google.co.in/books/about/Macroeconomics.html?id=w8aaBQAAQB...