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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.

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
Credit Points : 4
Level : Undergraduate



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

 

 

 

 

 

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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