Macro Economics

Paper Code: 
25CFSG211
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

The students will be enabled to comprehend macroeconomic concepts, analyze Keynesian theory, understand investment dynamics, explore inflation, trade cycles, and national income measurement methods.

Course Outcomes: 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

 

 

 

 

 

 

 

 

 

25CFSG

211

 

 

 

 

 

 

 

 

 

Macro Economics (Theory)

 

CO37:Analyse and examine macroeconomics and the concept of circular flow of income

CO38: Evaluate the theories of Income and Employment.

CO39: Appraise the working of multiplier and accelerator for income propagation

CO40:    Analyse    the    factors affecting         inflation         and movement in trade cycle CO41: Assess the components of national income and methods of calculating National Income CO42: Contribute effectively in course-specific interaction

Approach            in teaching: Interactive Lectures, Discussion, Tutorials,     Practical cases Demonstration, Power              point presentation.

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis

Class participation, assignments and presentations, C A Test, Semester End Exams.

 

12.00
Unit I: 
Introduction

 Concepts, Scope, Types of Macro Economics-Macro Static, Macro Dynamic and Comparative Static
 Indicators of Economic Growth
 Difference between growth and Development
 Circular Flow of Income in two sectors, three sector, and four sector economy

12.00
Unit II: 
Classical and Keynesian Theory of Income and Employment

 Classical Theory – Determination of Full employment output, Say’s Law of Market
 Keynesian Theory: Effective demand, determination of effective demand and equilibrium.
 Difference between Classical and Keynesian theory.
 Psychological Law of Consumption.

12.00
Unit III: 
Investment and Multiplier

 Meaning of Investment, Marginal efficiency of capital,
 Marginal Efficiency of Capital and Investment demand curve,
 Marginal Efficiency of Capital and rate of interest, factors affecting marginal efficiency of capital.
 Multiplier: Concept, working of Multiplier & Leakages of Multiplier. Meaning of Accelerator, Difference between Multiplier and Accelerator

12.00
Unit IV: 
Inflation and Trade Cycle

 Inflation: Introduction, Meaning, Types of Inflation, Inflationary Gap, Demand- Pull and Cost – Push Inflation, Effects, Causes and Control of Inflation.
 Trade Cycle: Different Stages of Trade cycle

12.00
Unit V: 
National Income

 Defination of National Income, Components of National Income
 Methods of Measuring National Income
 Importance of National Income
 Difficulties in Measuring National Income

Essential Readings: 

• M.L. Seth ,Macro Economic Theory, Laxmi Narayan Agarwal, Agra
• M.C. Vaish ,Macro economic Theory –,WishwaPrakashan, New Delhi
• H.L.Ahuja, Macro Economic Theory, , S.Chand& Sons Publication, Delhi
• T. R Jain, B.D Majhi, KartikArora ,Macroeconomics, VK Publications, New Delhi
• T. R Jain, O. P Khana, Macroeconomics Analysis and Policy, VK Publications, New Delhi
• Macro Economic theory - M.L. Seth, Laxmi Narayan Agarwal, Agra
• Macro economic Theory – M.C. Vaish,Wishwa Prakashan, New Delhi

References: 

Suggested Readings:
• Dipsey R.G and Cheystal, Principles of Economy, Oxford university Press
• Edward Shapiro ,Macro Economic Analysis , Galgotia Publication, Delhi
• Mithani. D.M, Money,Banking,International Trade and Public Finance., Himalayan Publication, New Delhi
• Mankiw, N. Gregory. Macro Economics. Macmillan.
• Oliver, Blanchard. Macro Economics, Pearson Education, LPE.
E- Content:
• https://www.expresslibrary.mheducation.com/bookshelf
• https://m.rbi.org.in/scripts/Publications.aspx
• National Digital Library
• World Ebook Library
• https://www.pdfdrive.com/macroeconomics-e158130218.html
• https://www.pdfdrive.com/intermediate-macroeconomics-books.html
• https://www.pdfdrive.com/principles-of-macroeconomics-e18719078.html
Reference Journals:
• Yojana,A development Monthly, Government of India Publication
• Microeconomics and Macroeconomics, Scientific and Academic Publishing

Academic Year: 
2025-2026
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