Intermediate Macroeconomics - I

By Dr. Venkatesh. R | Professor, Krupanidhi College of Management, Bengaluru

Learners enrolled: 822

INTERMEDIATE MACROECONOMICS- I course introduces the students to principles of economics, how people make decisions, how to think like an economist etc,. Besides, students can understand the interplay between macroeconomic issues, targets and instruments along with introduction to National Income Accounting, sectoral classification of the economy, Social Accounting Laws, and measurement of macro variables and economic performance. This course gives the students a strong base to become policy makers of an economy with ability to measure the quality of life and Net Economic Welfare, Green Income etc. The study of real economy in the long, money and prices in the long run helps the students to participate in the macroeconomic policy decisions of the nation as a whole. It also helps in formal modelling of a macro-economy in terms of analytical tools. It discusses various alternative theories of output and employment determination in a closed economy in the short run as well as medium run, and the role of policy in this context. It also introduces the students to various theoretical issues related to an open economy.

Summary

Course Status :	Ongoing
Course Type :	Core
Language for course content :	English
Duration :	16 weeks
Category :	Humanities and Social Sciences
Credit Points :	5
Level :	Undergraduate
Start Date :	08 Jul 2024
End Date :	31 Oct 2024
Enrollment Ends :	31 Aug 2024
Exam Date :	07 Dec 2024 IST
Exam Shift :	Shift-II

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Weeks	Lessons/Videos
I	1. Ten principles of economics: How people make decisions
	2. Key concepts in Macroeconomics
	3. Macroeconomic Issues, Targets and Instruments
	4. Demand of Money: Quantity Theory of Money
II	5. Sectoral classification of the economy
	6. Meaning and Definition of National Income or Social Accounting
	7. International financial markets
	8. Instruments of financial markets
III	9. Thinking like an economist: As scientist and policy adviser
	10. Full employment and types of unemployment
	11. Presentation of Social Accounts, Social Accounting’s Laws
	12. Circular flow and national income: two, three and four sector economy
IV	13. Measuring the cost of living: Consumer Price Index , Green Income
	14. Aggregate demand and aggregate supply: Equilibrium Determination
	15. Introduction to National Income Accounting
	16. Basic assumptions of Classical Theory of employment
V	17. Methods of calculating national income: Product method, Expenditure method, Income method
	18. Inflation : Types of Inflation
	19. Concepts of supply of money and demand for money in Fisher's equation
	20. Open economy macroeconomics: basic concepts
VI	21. Say's Market Law
	22. Deflation: Meaning - Causes and Effects of Deflation - Deflationary Gap
	23. The Keynesian Theory: Concept of effective demand and its determinants
	24. Structure and functions of financial market
VII	25. National Income accounting Identities: GNP and Quality of Life, Net Economic Welfare
	26. Deriving the Phillips Curve from aggregate supply curve : trade - off between Unemployment and Inflation
	27. Purchasing Power Parity
	28. Balance of Payment theory and Balance of Payment Adjustments
VIII	29. Closed versus open economy
	30. Analysis of income inequality and redistributive Measures
	31. Two equations of quantity theory of money: Transactions approach or fisher's equation, Cash balance or Cambridge Equation
	32. Monetary approach to balance of payments
IX	33. Evauation of the Classical Theory of employment: Keynes' criticism of Classical Theory
	34. Causes and effects of Inflation, control of inflation
	35. Wage price flexibility (Pigou's version) and saving and Investment Equality
	36. Theories of Value of money
X	37. Fiscal and Monetary Policy for Internal and External balance: The Mundellian Model
	38. Tobins Portfolio Selection Model: The risk aversion theory of liequidity preference and its superiority over keynesian theory
	39. Friedman's View: The Long run Philips Curve
	40. Rational Expectations Hypothesis: Stablization Policy and Ratex Hypothesis
XI	41. International Fischer Effect
	42. Value of Money and Price Level
	43. Comparision of classical and Keynesian Theory of Employment: Equilibrium Level of Income and Employment
	44. Mundel-Fleming Model: IS-LM model for small open economy with exchange rate regime
XII	45. Baumol’s Inventory Theoretical Approach
	46. Expenditure Switching and Expenditure Reducing Policies for Internal and External Balance: Swan Model.
	47. Changes in the equilibrium level of Income: The Multiplier
	48. Dornbusch Overshooting Model
XIII	49. Monetary Policy: Objectives and Importance – Quantitative and Qualitative Measures
XIII	50. Theories of Inflation and Inflationary Gap

Instructor bio

Dr. Venkatesh. R

Professor, Krupanidhi College of Management, Bengaluru

Dr. Venkatesh. R, obtained his Masters Degree in Economics from Bangalore University in the year 2002. He has more than 20 years of teaching experience, having taught students of various levels, ranging from PUC, B. Com, BBA, M.Com, MBA, MA Economics etc., He is also a visiting faculty for various CA institutes across the country. He completed his MBA from Bharatidasan University, Trichy and PGDBA from Bangalore University. He is both UGC-NET and K-SLET qualified faculty and has authored 14 books so far. He was awarded Ph.D doctorate degree from Tumkur University, for the research work in the year 2018.

He is currently working as professor in Krupanidhi College of Management, Bengaluru. He has published 28 research papers in various journals of national and international repute. He has participated in various workshops and seminars of national and international repute. He is also a resource person for various Charted Accountant Institutes and most sort after faculty for teaching economics. He has delivered 90 e-content episodes for Swayam Mooc, CEC in Economics. He is the course co-ordinator for the course ‘Intermediate Macro Economics-I’.

Course certificate

Assessment/Assignment marks will be considered for Internal Marks and will carry 30 percent for overall Result.

End Term Exam- will have 100 questions and will carry 70 percent of overall Result.

All students, who obtain 40% marks in in-course assessment and 40% marks in end-term proctored exam separately, will be eligible for certificate and credit transfer.

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