MACRO ECONOMICS COURSE CODE: T124 BATCH: XVII CREDIT: 1.5 TERM : II -------------------------------------------------------------------------------------- OBJECTIVE: Objective of this course is to introduce the students to Macro Economic Analysis. It also aims at understanding how Macro Economic Environment will impact the Managerial Decisions. Value A!"!#$: At the end of the course, students will be in a position to understand the lin between different macro variables and analy!e the implications of changes in macro economic policies on "usiness. S%&&ABUS:
U$!" I: Na"!#$al I$'#(e A$al)*!*: Definition, #ircular $low of Income, Methods of measurement of %ational Income and problems involved, #oncepts of %ational Income, Measurement of %ational Income in India, &rends in %ational income and 'ectoral (rowth of Indian Economy.
U$!" II: De"e+(!$a$"* #, Na"!#$al I$'#(e - .e)$e*!a$ A$al)*!*: #onsumption $unction) Absolute Income *ypothesis, +elative Income *ypothesis, ,ermanent Income *ypothesis and -ife #ycle *ypothesis. Investment $unction) ME#, MEI, Multiplier, ,rinciple of Acceleration, 'uper Multiplier.
U$!" III: E'#$#(!' G+#/"0 a$ De1el#2(e$": Meaning and Definition of (rowth and Development, $actors influencing (rowth and Development, #lassification of the countries depending on (rowth and Development, #haracteristic features of Developed and Developing economies, #haracteristic features of Indian Economy. U$!" IV: I$,la"!#$: Definition of Inflation, Measurement of Inflation, &ypes of inflation, #auses of Inflation, Measures to control inflation, Inflation and .nemployment. U$!" V: Bu*!$e** C)'le*: Definition of "usiness #ycles, Different 'tages of "usiness #ycles, #auses and &heories of "usiness #ycles, Measures to control "usiness #ycles. BASIC TEXT: Te3" B##4: Ma'+#e'#$#(!'*5 Su(a$ .al)a$ C0a4+a1a+"0)5 H!(ala)a 6u7l!*0!$8 H#u*e 52919
RECOMMENDED READINGS: Dornbusch and $ischer, /001, Macro Economics, &ata Mc (raw2*ill ,ublishing #o. -td., %ew Delhi.
#.+anga +ajan 3 Dholaia , Principles of Macro Economics, &ata Mc (raw2 *ill ,ublishing #o. -td., %ew Delhi.
+.D (upta, Keynes and Post Keynesian Economics, 4alyani ,ublishers, %ew Delhi. 'hapiro Edward, 5667, Macroeconomic Analysis, (algotia ,ublications, %ew Delhi. 'chult!e #harles -, 5689, National Income Analysis, ,rentice *all of India ,vt. -td., %ew Delhi. :hingan M -, 566/, The Economics of Development and Planning, 4onar ,ublishers, Delhi.
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