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Basics of Macro Economics

By Dr Meeta Nihalani   |   Jai Narain Vyas University Jodhpur

Macroeconomics is the study of aggregate measures of any economy. The macroeconomic goals of any economy need to fight unemployment so as to increase the living standards of people. The price stability and economic growth are important to generate rational development in society. The    key principles of economics are that people have to use resources in an optimum way, as there is scarcity of resources. The choice of resources should depend on availability and opportunity cost .

The basic inputs are the human and non-human resources. The non-human resources are natural reserves available any economy. The output of society in reflected by the quality of goods and services developed.This course is designed to build the abilities of students so that they can harness their potential to catalyze the growth of economy. The aim is to build an understanding of macro variables of economics. The participants will be able develop an insight of generating employment to contribute to the gross development. The students need to listen lectures through recorded videos and then solve assignments given at the end of each lecture. The course can be learned by interacting and listening to recorded lectures and taking up self-paced process of evaluation.


Learners enrolled: 2764

SUMMARY

Course Status : Ongoing
Course Type : Core
Duration : 15 weeks
Start Date : 13 Jul 2020
End Date : 20 Nov 2020
Exam Date :
Enrollment Ends : 31 Aug 2020
Category :
  • Humanities and Social Sciences
  • Level : Undergraduate

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    COURSE LAYOUT

    Weekly Plan

     

    Weeks

                       *tentative Weekly Lecture Topics

    Assignments (No. & Type)*

    1

     

    Aggregate demand in Keynesian economics   --  1

     

    Video quiz

     

     

    Change in equilibrium for price & quantity

     

     

     

     

    Choice in a world of scarcity   within budget constraints

     

     

    2

     

    Cash flow in international trade

     

     

     

     

    Causes of changes in unemployment over long run 

     

     

     

     

    Change in equilibrium price and quantity.

     

     

    3

     

    Components of economic growth

     

     

     

     

    How well GDP  measures the wellbeing of the society

     

     

     

     

    Globalization and international trade

     

     

    4

     

    Government borrowings

     

     

     

     

    Government spending

     

     

     

     

    Labor productivity

     

     

    5

     

    Measuring trade balance

     

     

     

     

    Monetary policy and economic outcomes

     

     

     

     

    Concept nature and importance of macroeconomics

     

     

    6

     

    The price elasticity of demand and supply

     

     

     

     

    Role of banks in economy

     

     

     

     

    Tracking inflation

     

     

    7

     

    Demand supply & equilibrium in markets for goods & services

     

     

     

     

    Economic convergence

     

     

     

     

    The economic systems

     

     

    8

     

    AD AS  curve

     

     

     

     

    Concept of GDP

     

     

     

     

    Foreign exchange market

     

     

    9

     

    Foreign exchange

     

     

     

     

    Integration theories of foreign exchange

     

     

     

     

    IS LM analysis 

     

     

    10

     

    Concept of multiplier

     

     

     

     

    Philips curve

     

     

     

     

    Inflation

     

     

    11

     

    Unemployment

     

     

     

     

    Balance of Payments 

     

     

     

     

    Types of multipliers

     

     

    12

     

    National Income Accounting

     

     

     

     

    Determination of GDP

     

     

     

     

    Theories of Foreign exchange determination

     

     

    13

     

    Real  income

     

     

     

     

    Theory of money

     

     

     

     

    Test

     

     

     

     

     

    BOOKS AND REFERENCES

    INSTRUCTOR BIO

    Dr Meeta Nihalani

    Jai Narain Vyas University Jodhpur
    Former Head & Associate Professor in   Department of Management Studies. Faculty of Commerce JNVU Jodhpur.Done UGC Major Research Project on Eco – Tourism Practices in Selected Organizations of Rajasthan and its Impact on Tourist Attitude and Satisfaction. Launched MOOC on  Entrepreneurship,  Principles of Marketing , Retail Management and Business Communication, and Advertising with Swayam Published more than 300 hundred papers in various journals

    COURSE CERTIFICATE

    End Term Exam will carry 70 percent of overall result and 40 percent marks in internal assessment.


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