Coming soon
Macro Economic Analysis
The course will enable the students to-
- Acquire knowledge about the concept and theories of Macroeconomics
- Gain an understanding about the macroeconomic variables including national income, inflation and trade cycle.
Course Outcomes (COs):
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
PaperCode |
Paper Title |
|||
ATG / BSG / FSG 223 |
Macro Economic Analysis
|
The students will be able to- CO35. Understand fundamentals of macroeconomics, classical concept of aggregate demand and aggregate supply. CO36. Gain insight into the Keynesian approach to income output and employment CO37. Comprehend with the concept of consumption and investment and the working of the multiplier and accelerator. CO38. Apply economic reasoning by understanding the concept of inflation, inflationary trends. CO39. Extend the knowledge of macro economics by understanding the concept and theories of trade cycle. |
Approach in teaching:
Interactive Lectures, Discussion, Tutorials, Reading assignments, Team teaching
Learning activities for the students:
Field activities, Presentation, Giving tasks |
Class test, Semester end examinations, Quiz, Solving Numerical problems in tutorials, Assignments, Class Presentation |
Macro Economics- Definition, Nature, Scope, Types of Macro Economics Analysis-Macro Static, Macro Dynamic and Comparative Static .
Says’s Law of market-Meaning assumption, explanation & criticism
Classical theory of Employment : Meaning ,Type of unemployment, Assumption, Explanation of classical theory of employment & criticism
Keynesian Theory of employment: Introduction Assumption, Explanation , Criticism
Consumption function –Meaning, Attributes, Factors affecting consumption function and psychological law of consumption.
Investment functions: Meaning , Investment, Types of investment, Marginal efficiency of capital- Factors affecting MEC,MEC and ROI, Investment demand curve.
Multiplier – Working of Multiplier, Assumptions of Multiplier, significance and limitations of multiplier Leakages of Multiplier.
Accelerator- Meaning, Principles, Multiplier-Accelerator interaction
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
1] Macro Economic theory - M.L. Seth, Laxmi Narayan Agarwal, Agra
2] Macro economic Theory – M.C. Vaish,WishwaPrakashan, New Delhi
3] Macro Economic Theory, H.L.Ahuja, S.Chand& Sons Publication, Delhi
1] Macro Economic analysis - Edward Shapiro, Galgotia Publication, Delhi
