| Course Status : | Upcoming |
| Course Type : | Core |
| Language for course content : | English |
| Duration : | 15 weeks |
| Category : |
|
| Credit Points : | 5 |
| Level : | Undergraduate |
| Start Date : | 05 Jan 2026 |
| End Date : | 30 Apr 2026 |
| Enrollment Ends : | 28 Feb 2026 |
| Exam Date : | |
| Translation Languages : | English |
| NCrF Level : | 4.5 |
|
Week |
Title
of Video and Reading text/Lecture/ppt |
|
First Week |
Economic
growth models – Harrod model |
|
Domar growth
model |
|
|
Solow model |
|
|
Solowian
convergence |
|
|
Second Week |
Golden rule of
accumulation |
|
Steady
state-properties |
|
|
Endogeneous
growth model by AK Sen |
|
|
Endogeneous
growth model by Romar |
|
|
Third Week |
Policy
implications of Endogeneous growth models |
|
Classical
Macroeconomics – Assumptions |
|
|
Say’s law of
markets |
|
|
Classical
theory of employment |
|
|
Fourth Week |
Wage-cut
policy |
|
Keynesian
theory of employment – the principle of effective demand, aggregate demand
and aggregate supply |
|
|
Consumption
function- concepts-APC, MPC, APS, MPS |
|
|
Keynesian
psychological law of consumption and its implications |
|
|
Fifth Week |
Determinants
of consumption function |
|
Theories of
consumption function – absolute income hypothesis |
|
|
The
consumption puzzle |
|
|
Drift theory
of consumption |
|
|
Sixth Week |
Relative
income hypothesis |
|
Life cycle
hypothesis |
|
|
Permanent
income hypothesis |
|
|
Random walk
hypothesis |
|
|
Seventh Week |
Fisher’s
theory of optimal inter-temporal choice |
|
Investment
–different types –business fixed, residential
and inventory investment |
|
|
Autonomous and
induced investment, MEC, investment multiplier |
|
|
Accelerator
principle and super multiplier |
|
|
Eighth Week |
New theories
of investment – accelerator theory, flexible accelerator theory, Tobin’s Q
theory, Financial theory of investment |
|
Demand for
money- classical approach (quantity theory of money- cash transactions
approach) |
|
|
Quantity
theory of money- cash balance approach |
|
|
The Keynesian
approach (liquidity preference theory ) |
|
|
Ninth Week |
Keynesian
liquidity trap |
|
Post Keynesian
approaches to demand for money- A)
Baumol’s inventory theoretic approach |
|
|
B) Tobin’s
portfolio selection model |
|
|
Monetary
policy-meaning and objectives or goals |
|
|
Tenth Week |
Instruments of
monetary policy |
|
Expansionary
monetary policy and restrictive monetary policy |
|
|
Rules versus
discretion in monetary policy |
|
|
Fiscal policy-
meaning and objectives or goals |
|
|
Eleventh Week |
Instruments of
fiscal policy |
|
Automatic and
discretionary stabilizers |
|
|
Crowding out
and fiscal policy |
|
|
Lags in
effects of macroeconomic policies |
|
|
Twelfth Week |
Time consistency
in monetary policy |
|
Problem of
coordination of macroeconomic policy objectives – the assignment problem
(Mundell and Swan model ) |
|
|
Public
debt-macroeconomic impact |
|
|
The government
budget constraint |
|
|
Thirteenth Week |
The principle
of Ricardian equivalence |
|
Classicals
versus Keynesians |
|
|
Phillips curve
analysis |
|
|
Adaptive
expectations and stagflation |
|
|
Fourteenth Week |
New classical
macroeconomics –rational expectations Policy
implications of New classical macroeconomics |
|
New Keynesian
Economics – difference between new classical and new Keynesians |
|
|
Sticky nominal
wages – staggered wage contracts theory |
|
|
Sticky prices
model - Sticky real wages |
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