Economic Analysis - II

Paper Code: 
ATG/BSG/FSG/MMC/MED 223
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

To explain the advanced concepts of Macroeconomics and various aspects of consumption, investment function, multiplier concept and business cycle

18.00
Unit I: 

Macro Economics- Meaning, Definition, Nature, Scope, Types of Macro Economics-Macro Static, Macro Dynamic and Comparative Static .
Says’s Law of market-Meaning assumption, explanation & criticism

18.00
Unit II: 

Classical theory of Employment : Meaning ,Type of unemployment, Assumption, Explanation of classical theory of employment & criticism
Keynesian Theory of employment: Introduction Assumption, Explanation , Criticism

18.00
Unit III: 

Consumption function –Meaning, Attributes, Factors of consumption function and Keynes Theory.
Investment functions: Meaning , Investment, Types of investment, Marginal efficiency of Investment ,Relationship with Rate of Investment & Investment demand, Keynes Theory of investment.

18.00
Unit IV: 

Multiplier – Working of Multiplier, Assumptions of Multiplier, Leakages of Multiplier.
Accelerator- Meaning, Principles, Multiplier-Accelerator interaction

18.00
Unit V: 

Inflation: Meaning, definition, cost push inflation, demand pull inflation, inflationary gap, measures to control inflation, effects of inflation.
Trade Cycle- meaning, Stages of trade cycle, theories of trade cycle; Keynesian theory of trade cycle, Schumpeter theory of trade cycle

Essential Readings: 

Macro Economic analysis - Edward Shapiro, Galgotia Publication, Delhi
Macro Economic theory - M.L. Seth, Laxmi Narayan Agarwal, Agra
Macro economic Theory – M.C. Vaish,Wishwa Prakashan, New Delhi
Macro Economic Theory, H.L.Ahuja, S.Chand & Sons Publication, Delhi

Academic Year: 
2018-2019
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