Macro Economics

Paper Code: 
24EATG215
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable students to grasp key macroeconomic concepts including national income,
multiplier, and Keynesian theory, enhancing their understanding of economic dynamics and their
applications in various contexts.

Course Outcomes: 

Course

Course Outcomes

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

24EATG215

Macro Economics

(Theory)

 

CO61: Analyse the fundamentals of macroeconomics and examine the concept of circular flow of income

CO62:Critically evaluate Keynesian Theory of Income and Employment

CO63:Appraise the working of investment and multiplier

CO64:Analyse the factors affecting inflation and movement in trade cycle

 CO65: Assess the components of national income and methods of calculating National Income

CO66:Contribute effectively in course-specific interaction

 

Approach in teaching: Interactive Lectures, Discussion, Tutorials, Practical cases Demonstration, Power point presentation.    

Learning activities for the students:                              Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis

Presentation, Report writing

 

 

9.00
Unit I: 
Introduction of Macro Economics:

 Concepts, Scope, Types of Macro Economics-Macro Static, Macro Dynamic and Comparative Static
 Difference between growth and Development
 Circular Flow of Income in two sectors, three sector, and four sector economy

9.00
Unit II: 
Keynesian Theory of Income and Employment:

• Effective demand: aggregate demand & aggregate supply
• Determination of effective demand and equilibrium
• Psychological Law of Consumption

9.00
Unit III: 
Investment and Multiplier

 Meaning of Investment, Marginal efficiency of capital,
 Marginal Efficiency of Capital and Investment demand curve,
 Marginal Efficiency of Capital and rate of interest, factors affecting marginal efficiency of capital.
 Multiplier: Concept, working of Multiplier & Leakages of Multiplier.

9.00
Unit IV: 
Inflation and Trade Cycle

 Inflation: Introduction, Meaning, Types of Inflation, Inflationary Gap, Causes and Control of Inflation.
 Trade Cycle: Different Stages of Trade cycle

9.00
Unit V: 
National Income:

 Components of National Income,
 Determination of National Income,
 Methods of Measuring National Income, Difficulties in Measuring National Income.

Essential Readings: 

• M.L. Seth ,Macro Economic Theory, Laxmi Narayan Agarwal, Agra
• M.C. Vaish ,Macro economic Theory –,WishwaPrakashan, New Delhi
• H.L.Ahuja, Macro Economic Theory, , S.Chand& Sons Publication, Delhi
• T. R Jain, B.D Majhi, KartikArora ,Macroeconomics, VK Publications, New Delhi
• T. R Jain, O. P Khana, Macroeconomics Analysis and Policy, VK Publications, New Delhi
• Macro Economic theory - M.L. Seth, Laxmi Narayan Agarwal, Agra
• Macro economic Theory – M.C. Vaish,Wishwa Prakashan, New Delhi

References: 

Suggested Readings:
• Dipsey R.G and Cheystal, Principles of Economy, Oxford university Press
• Edward Shapiro ,Macro Economic Analysis , Galgotia Publication, Delhi
• Mithani. D.M, Money,Banking,International Trade and Public Finance., Himalayan Publication, New Delhi
• Mankiw, N. Gregory. Macro Economics. Macmillan.
• Oliver, Blanchard. Macro Economics, Pearson Education, LPE.

e-Resources:
• https://www.expresslibrary.mheducation.com/bookshelf
• https://m.rbi.org.in/scripts/Publications.aspx
• National Digital Library
• World Ebook Library
• https://www.pdfdrive.com/macroeconomics-e158130218.html
• https://www.pdfdrive.com/intermediate-macroeconomics-books.html
• https://www.pdfdrive.com/principles-of-macroeconomics-e18719078.html

Reference Journals:
• Yojana,A development Monthly, Government of India Publication
• Microeconomics and Macroeconomics, Scientific and Academic Publishing
• Economics, De Gruyter Open Access
• International Journal of Economics and Business Research, Inderscience Publisher

Academic Year: 
2024-2025
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