Week 7-8:, The Concept of Open and closed economy models, Concept of aggregate markets:,
Course Material
- Week 1-2: The economy in aggregate, Complexities of the world of business Scope of macroeconomics, Brief account of the development of macro-economics after the World War-II,
- Week 3-4: Concept of business cycles: Boom and Depression, Concepts of Inflation and Unemployment, Macroeconomic variables and their mutual relationship,
- Week 5-6: Definition and concept of national income, Measures of national income: Computation of national income: Product, Income and Expenditure approaches,
- Week 7-8:, The Concept of Open and closed economy models, Concept of aggregate markets:,
- Week 9: Mid Term Exam
- Week 10-11: Money: definition, forms and functions, Central Bank and its functions with reference to the State Bank of Pakistan, Commercial banking,
- Week 12-13: The Quantity Theory of money, Inflation: measurement and impacts, causes of inflation and remedies, Monetary policy: brief introduction.
- Week 14-15: Various forms of taxes: Direct and Indirect, Income and Commodity taxes
- Week 16-17: Theory of absolute and comparative advantage, Currency exchange rates, Balance of Payments
- Week 18: Final Term Exam
- Chapters 10
- Department Economics
- Teacher
Dr. Ahmad Raza Cheema
