Macro Economic Theory I

Paper Code: 
ATG 514
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

1. To explain the basic concepts and theories in Macroeconomics to the students.
2. To discuss in detail Macro-Economic policies and changes in various Macro Economic variables

7.00
Unit I: 
Macro Economics

Macro Economics- Meaning, Definition, Nature, Scope, Importance and Limitations and Types of Macro Economics-Macro Static, Macro Dynamic and Comparative Static. A concept of circular flow of Income.

10.00
Unit II: 
Classical Theory of Employment-

Classical Theory of Employment- A study of complete classical model, Says Law, Criticism of classical theory.

10.00
Unit III: 
Keynes’ theory of Employmentand Output-

Keynes’ theory of Employment and Output- Aggregate Supply, Aggregate Demand, Effective Demand, Comparison between Classical and Keynesian contribution..

8.00
Unit IV: 
National Income Analysis

National Income Analysis –Definition, Concepts, Components of National Income.Methods of measuring National Income, Computation of National Income, Difficulties in calculating National Income, Importance of National Income Analysis.

10.00
Unit V: 
Economic growth and development:

Economic growth and development: Meaning, difference, factors determining economic growth.

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
Dipsey R.G and Cheystal, Principles of economy, Oxford university Press

References: 

Macro Economic Theory, H.L.Ahuja, S.Chand & Sons Publication, Delhi
Dipsey R.G and Cheystal, Principles of economy, Oxford university Press

Academic Year: 
2017-2018
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