HUM1034 Macroeconomics L T P J C

3 0 0 0 3
Pre-requisite Nil Syllabus version: 1.10

Course Objectives:
 To enable students understand Macro economics concepts and principles

Expected Course Outcome:

 Ability to apply principles of Macro economics to analyze and understand the economy as a
whole

Student Learning Outcomes (SLO): 2, 9, 11, 12

Module:1 Introduction to Macroeconomics 6 hours SLO: 2, 11

Meaning and subject matter of macroeconomics – Macroeconomic issues – Importance of
macroeconomics – Macroeconomic aggregates.

Module:2 National Income 6 hours SLO: 2, 9

Circular flow of income, National income: meaning, - concepts –nominal and real income - methods of
measurement – importance – problems in measurement.

Module:3 Theory of Income and Employment 5 hours SLO: 2, 9

Determination

Unemployment: Meaning – Causes - consequences - Classical theory of employment – Keynesian theory

of employment – Government expenditure and Fiscal policy.

Module:4 Consumption function 6 hours SLO: 2, 9

Consumption: meaning - components – determinants - Consumption function: Meaning – kinds -
Investment: meaning, - components – determinants - Investment function: meaning –kinds – application.

Module:5 Theory of Multiplier and Accelerator 6 hours SLO: 2, 9

Multiplier: Meaning – working of multiplier – Accelerator: meaning – working of accelerate or – Super
multiplier.

Module:6 Inflation and Deflation 6 hours SLO: 9, 12

Inflation: meaning - types - causes – Philips curve - Deflation: meaning – causes – consequences.

Module:7 Money Market 6 hours SLO: 11, 12

Demand and supply of money – Monetary policy: meaning – objectives - variables.

Module:8 Invited Talk: Contemporary Issues 4 hours SLO: 11, 12

Total Lecture hours: 45 hours

Text Book(s)
1. Mankiw, G. (2010), Macroeconomics, Worth Publishers, 7th edition.
Reference Books
1. Dwivedi, D. N. (2008), Macroeconomics Theory and Policy, Tata Mcgraw – Hilll Publishing
Company Limited, New Delhi.
2. Jhingan, M .L. (2010), Macroeconomic Theory, Konark Publishers Pvt. Ltd.
3. Blanchard, O. (2006), Macroeconomics, Pearson Education Inc.

4. Nellis, J. and Parker, J.D. (2004), Principles of Macro Economics, 2nd Edition, Financial Times
Prentice Hall Publisher.

5. Shapiro, E. (2009), Macro Economic Analysis, Prentice Hall of India.

Mode of Evaluation: CAT, Quiz , Digital Assignments and Projects

Recommended by Board of Studies 12-08-2017

Approved by Academic Council No. 47 Date 05-10-2017