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.

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

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. 

Course certificate

30% for in Course Assessment & 70% of End-term Proctored Exam

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