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Available courses

Macro Economics

 

Course Title: Macroeconomics

Course Level: Undergraduate (UG)
Credits: 4
Duration: 12 Weeks
Total Lectures: 48 (Approx. 4 lectures per week)

Course Objective

  • To introduce students to the fundamental concepts of macroeconomics.
  • To understand national income, macroeconomic theories, and policy issues.
  • To analyze inflation, unemployment, money, and economic growth.
  • To develop analytical skills for understanding macroeconomic problems.

Learning Outcomes

After completing this course, students will be able to:

  • Understand the structure and functioning of the macro economy.
  • Measure national income and interpret macroeconomic indicators.
  • Explain major macroeconomic theories such as Keynesian and Classical models.
  • Analyze inflation, unemployment, and monetary policy issues.

Course Structure (12 Weeks)

Unit

Topic

Weeks

Key Contents

Unit I

Introduction to Macroeconomics

Week 1–2

Meaning and scope of macroeconomics, Micro vs Macroeconomics, Circular flow of income (two, three, and four sector models), Basic macroeconomic variables.

Unit II

National Income Accounting

Week 3–4

Concepts of GDP, GNP, NNP, Personal Income and Disposable Income, Methods of measuring national income, Difficulties in national income estimation, National income in India.

Unit III

Theories of Income and Employment

Week 5–7

Classical theory of employment, Keynesian theory of employment, Aggregate demand and aggregate supply, Consumption function, Investment function, Multiplier concept.

Unit IV

Money, Banking and Monetary Policy

Week 8–9

Meaning and functions of money, Demand for money (Classical and Keynesian), Commercial banks and credit creation, Central bank and monetary policy instruments.

Unit V

Inflation, Unemployment and Economic Growth

Week 10–12

Meaning and types of inflation, Causes and control of inflation, Types of unemployment, Phillips Curve, Economic growth and development, Macroeconomic policy challenges in India.

 

Teaching Methodology

  • ICT based classroom teaching
  • Lectures and interactive discussions
  • Case studies on Indian economy
  • Group discussions and presentations
  • Data interpretation and economic analysis

Assessment Pattern

Component

Weightage

Internal Assessment (Assignments/Quiz)

20%

Class Presentation / Participation

10%

Mid-Semester Test

20%

End Semester Examination

50%

 

Suggested Readings

  1. N. Gregory Mankiw – Macroeconomics
  2. Dornbusch, Fischer & Startz – Macroeconomics
  3. Shapiro, Edward – Macroeconomic Analysis
  4. H. L. Ahuja – Macroeconomics: Theory and Policy
  5. D. N. Dwivedi – Macroeconomics