Basics of Macro Economics

By Dr Meeta Nihalani   |   Jai Narain Vyas University Jodhpur
Learners enrolled: 2764

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.

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
Credit Points : 4
Level : Undergraduate

Page Visits

Course layout

Weekly Plan



                   *tentative Weekly Lecture Topics

Assignments (No. & Type)*



Aggregate demand in Keynesian economics   --  1


Video quiz



Change in equilibrium for price & quantity





Choice in a world of scarcity   within budget constraints





Cash flow in international trade





Causes of changes in unemployment over long run 





Change in equilibrium price and quantity.





Components of economic growth





How well GDP  measures the wellbeing of the society





Globalization and international trade





Government borrowings





Government spending





Labor productivity





Measuring trade balance





Monetary policy and economic outcomes





Concept nature and importance of macroeconomics





The price elasticity of demand and supply





Role of banks in economy





Tracking inflation





Demand supply & equilibrium in markets for goods & services





Economic convergence





The economic systems





AD AS  curve





Concept of GDP





Foreign exchange market





Foreign exchange





Integration theories of foreign exchange





IS LM analysis 





Concept of multiplier





Philips curve















Balance of Payments 





Types of multipliers





National Income Accounting





Determination of GDP





Theories of Foreign exchange determination





Real  income





Theory of money











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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