Principles of Macroeconomics - I

By Prof. Kamlesh Gakhar | Maharshi Dayanand University, Rohtak

Learners enrolled: 1479

The course of Principles of Macroeconomics 1 will cater to the students of III semester of CBCS based curricula of B.A. Economics. It is an Elective Paper.

After completing this course, learners will be able to

1. Comprehend various macroeconomic issues.

2. Identify the determinants of national income.

3. Discuss the role of monetary and fiscal policies in achieving various economic goals.

4. Explain the role of exports and imports in a national income determination.

This course will be beneficial for the students of economics, commerce and for all students preparing for competitive examinations like IAS and IES etc.

Summary

Course Status :	Completed
Course Type :	Core
Language for course content :	English
Duration :	15 weeks
Category :	Humanities and Social Sciences
Credit Points :	4
Level :	Undergraduate
Start Date :	22 Jul 2019
End Date :	30 Oct 2019
Exam Date :	09 Nov 2019 IST

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week – 1

Lecture 1 Nature and Scope of Macroeconomics

Lecture 2 Significance and limitations of Macro Economics

Lecture 3 Basic concepts used in Macro Economics

Lecture 4 Business cycles

Week – 2

Lecture 5 Circular flow of National Income

Lecture 6 National Income and its related concepts

Lecture 7 Concepts of National Income

Week – 3

Lecture 8 Income and output methods of measurement of National Income

Lecture 9 Expenditure method of measurement of National Income

Lecture 10 Problems in measurement of National Income and its significance

Week – 4

Lecture 11 Nominal GDP, Real GDP, Potential GDP, National Product and Economic Welfare.

Lecture 12 Aggregate Demand / Aggregate Expenditure

Lecture 13 Aggregate Supply & Short Run Equilibrium through AD & AS

Week – 5

Lecture 14 Consumption Function

Lecture 15 Psychological Law of Consumption

Lecture 16 Various Determinants of Consumption

Week - 6

Lecture 17 Absolute Income Hypothesis and Relative Income Hypothesis

Lecture 18 Permanent Income Hypothesis

Lecture 19 Saving and Investment Function

Week - 7

Lecture 20 Equilibrium GDP

Lecture 21 Autonomous Expenditure and Multiplier

Lecture 22 Features, Limitations, Leakages and significance of Multiplier

Week - 8

Lecture 23 Fiscal Policy – Instruments, Objectives and Achievements

Lecture 24 Fiscal Policy in a Developing Economy, Limitations and Types of Fiscal Policy

Lecture 25 Impact of fiscal policy on demand side and supply side

Week - 9

Lecture 26 Impact of Government Expenditure and Taxes on National Income

Lecture 27 Net Exports and Equilibrium of National Income

Lecture 28 Definition and Evolution of money

Week – 10

Lecture 29 Functions of money

Lecture 30 Kinds/ Types of money

Lecture 31 Demand for Money

Week - 11

Lecture 32 Fisher's Quantity theory Money

Lecture 33 Cash Balance Approach to the Quantity Theory

Lecture 34 Milton Friedman's Quantity theory of money

Week - 12

Lecture 35 Keynesian Liquidity Preference Theory of Rate of Interest

Lecture 36 Money supply

Lecture 37 Credit creation

Week - 13

Lecture 38 Monetary Policy and its Objectives

Lecture 39 Methods of Credit Control

Lecture 40 The Monetary Transmission Mechanism

Books and references

1. Arnold, Roger A. (2001). Macro Economics. South Western College Publishing.5th Edition

2. Dernburg, Thomas F., and McDougall, Duncan M. (1968). MACROECONOMICS Mcgraw Hill Book Company

3. Diulio, Eugene.(1999) Macro Economics Schaum’s Outline Series. Mc Graw Hill. 3rd Edition.

4. Dornbusch, Rudigar., Fischer, Stanley., and Startz ,Richard.( 2015). Macro Economics . Mc Graw Hill Education (India) Pvt Ltd. 11th Edition

5.Hall, Robert E., and Papell, David H .( 2010). Macroeconomics-Economic Growth, Fluctuations and Policy .Viva Books Private Ltd

6. Jain, T.R. and Khanna, O.P. (2008-2009) Macro Economic Management.V.K Publications

7. Kennedy, M. Maria John. (2013). Macro Economic Theory. PH1 Learning Private Ltd

8. Kumar, Raj .,and Gupta, Kuldip. (2010).Modern Macro Economics- Theory and Policy. UDH Publishers

9. Miller, Roger Le Roy., and Van ,Hoose David. (2001). Macro Economics- Theories,Policies and International Applications. South-Western College Publishing 2nd Edition

10. Samuelson, Paul A., and Nordhaus, William D. (2008). Economics Tata Mc Grew Hill.18th Edition

11. Shapiro ,Edward. (2003). Macro Economic Analysis. Galgotia Publications 5th Edition

12. Souza, Errol D'. (2008) . Macroeconomics . Pearson Education

13. Vaish, M.C. (2007). Macro Economic Theory. Vikas Publishing House Pvt Ltd.13th Edition

Instructor bio

Prof. KamleshGakhar has served in the Institute of Management Studies and Research, Maharshi Dayanand University, Rohtak. She is Gold medallist in BA Hons (Economics) and MA (Economics) from Punjab University, Chandigarh. She did her Ph.D from MDU, Rohtak. She has teaching experience of 37 years including 27 years of PG experience and research.