Week |
Module No |
Title of the Module |
1 |
1 |
Introduction to macroeconomics and its concepts: Types of macroeconomic variables like consumption expenditure, savings,
investment, national income and its components. Concept of stock and flow
variable |
2 |
Circular flow of money in two sector, three sector & open economy.
Development of macroeconomics since 17th Century. |
|
3 |
Aggregate Supply & aggregate demand curve. Equilibrium in AS &
AD in long run |
|
4 |
Methods of national income accounting |
|
2 |
5 |
Introduction to Fiscal & Monetary Policy- Its Objectives and
instruments of Fiscal Policy. |
6 |
Objectives & instruments of Monetary Policy. Effect of these
instruments on the economy. |
|
7 |
IS-LM Curve- The Goods market & IS- curve |
|
8 |
The Money market & LM Curve. |
|
3 |
9 |
Equilibrium in IS-LM Curve, crowding effect and effects of Tax, Money
supply on these curves. |
10 |
Consumption function & Aggregate Demand |
|
11 |
Theories of consumption- Psychological and relative theories. |
|
12 |
Life Cycle and Permanent Income Hypothesis. |
|
4 |
13 |
Multiplier Theory- Simple Investment & Govt. Budget multiplier |
14 |
Tax Multiplier & Foreign Trade Multipliers. |
|
15 |
Effects of Multipliers with case studies. |
|
16 |
Introduction to Inflation and various definitions. |
|
5 |
17 |
Types of inflation and its measurement. |
18 |
Inflation and interest rate. |
|
19 |
Introduction to Unemployment- Types of unemployment. |
|
20 |
Phillips curve- Static and Dynamic |
|
6 |
21 |
Sacrifice ratio and role of expectations |
22 |
Tax Regime in India and Laffer Curve |
|
23 |
J. B. Says Law and capitalistic economy |
|
24 |
Classical approach to labour market and equilibrium in the economy. |
|
7 |
25 |
Keynesian theory and equilibrium. |
26 |
Comparison of Classical and Keynesian theory. |
|
27 |
Flow of goods & capital in an open economy |
|
28 |
Saving Investment relationship- Classical and Swedish approach. |
|
8 |
29 |
Introduction to Exchange Rates and concepts |
30 |
Theories of Exchange Rate determination |
|
31 |
Concept of Balance of Payments and Forex Reserves |
|
32 |
Mundell- Fleming Model- I |
|
9 |
33 |
Mundell- Fleming Model- II |
34 |
Exchange Rate and Interest rate differentials |
|
35 |
Investment function and types of investment. |
|
36 |
Determinants of Investments, MEC and MEI |
|
10 |
37 |
Theories of Investment |
38 |
Investment sub- sectors- Business Fixed, Residential and inventory
Investment. |
|
39 |
Money- Functions & Types |
|
40 |
Theories of Demand for money-Pre Keynesianism |
|
11 |
41 |
Liquidity Preference theory |
42 |
Theories of Demand for money-Post Keynesianism |
|
43 |
Money multiplier and its components |
|
44 |
Supply of money and stock of money supply |
|
12 |
45 |
RBI & its objectives |
46 |
Credit Disbursement policy and its regulation |
|
47 |
Business Cycles- an Overview |
|
48 |
Types of Business Cycles |
1.
Dornbush,
R., Fischer, S. & Startz, R. Macroeconomics, New Delhi: Tata McGraw-Hill,
12th Edition 2018
2.
N.
Gregory Mankiw. Macroeconomics, Worth Publishers, 10th edition, 2019.
3.
Richard
T. Froyen, Macroeconomics, Pearson Education, 10th edition, 2013.
4.
Errol
D ‘Souza, Macroeconomics, Pearson Education, 2008.
5.
Edward
Shapiro. Macroeconomic Analysis, Galgotia Publications Pvt Ltd, 5th
edition, 2001.
6.
S.K.
Mishra, V.K. Puri, Macroeconomics, Himalaya Publication, 2001
7.
Macroeconomics:
Theory and Policy, by D. N. Dwivedi, 5th Edition, Tata McGraw-Hill Education,
2005.
8.
Macroeconomics:
Theory and Policy- H. L. Ahuja, S. Chand Publisher, 2010.
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