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.
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Weekly
Plan |
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Weeks |
*tentative Weekly Lecture
Topics |
Assignments (No. &
Type)* |
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1 |
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Aggregate demand in Keynesian economics -- 1 |
Video quiz |
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Change in equilibrium for price & quantity |
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Choice in a world of
scarcity within budget constraints |
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2 |
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Cash
flow in international trade |
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Causes
of changes in unemployment over long run
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Change in equilibrium price and quantity. |
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3 |
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Components of economic growth |
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How well GDP
measures the wellbeing of the society |
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Globalization and international trade |
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4 |
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Government borrowings |
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Government
spending |
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Labor
productivity |
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5 |
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Measuring
trade balance |
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Monetary
policy and economic outcomes |
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Concept nature and importance of macroeconomics |
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6 |
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The
price elasticity of demand and supply |
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Role of banks in economy |
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Tracking inflation |
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7 |
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Demand supply & equilibrium in markets for goods & services |
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Economic convergence |
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The economic systems |
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8 |
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AD
AS curve |
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Concept
of GDP |
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Foreign
exchange market |
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9 |
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Foreign
exchange |
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Integration
theories of foreign exchange |
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IS
LM analysis |
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10 |
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Concept
of multiplier |
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Philips
curve |
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Inflation
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11 |
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Unemployment
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Balance
of Payments |
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Types
of multipliers |
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12 |
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National Income Accounting |
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Determination of GDP |
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Theories
of Foreign exchange determination |
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13 |
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Real
income |
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Theory
of money |
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Test
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