Intoduction to Course:

This course provides a comprehensive introduction to Macroeconomics; the objective is to enhance their analytical skills and to clarify further their macroeconomic concepts with quantitative tools at hand. They must have a strong theoretical foundation so as to understand the real problems of the economy with particular emphasis on inflation, unemployment, instability, deficit and debt etc. to which the developing countries are confronted at present.

Course pre requisites (if any):

Principles and Intermediate Macroeconomic Courses

Learning outcomes:

On the successful completion of the course students will be able to:

1. Students will get an understanding of the main measures of macroeconomic performance. They will be able to explain the calculation of the basic macroeconomic measures such as GDP, inflation, unemployment, money supply. They will also be able to explain the usefulness and limitations of these macroeconomics measures.

2. Students will get the ability to utilize macroeconomic theory to analyze and evaluate macroeconomic policy.

3. Students will be able to identify the tools of fiscal policy and explain their likely impact on the economy.

4. Similarly, students will be able to identify the tools of monetary policy and explain their impact on the economy.

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Textbooks:

1. Froyen, Richard, Macroeconomics: Theories and Policies. (Pearson, 2012)
2. Gupta, G.S., Macroeconomics: Theory and Applications. (McGraw Hill, 2014)

Description of system of Evaluation (Exam, assignments etc.):

Mid Term: 30 marks

Sessional: 20 marks

• Project: 40%
• Presentation: 30%
• Participation: 30%

Final Exam: 50 marks

Class Timmings: