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M0L0.Zero Hour - MGT1114

The document outlines the course details for MGT1114: Principles of Macroeconomics, including objectives, module topics, class timings, and evaluation methods. The course consists of five modules covering key macroeconomic concepts such as national income, fiscal and monetary policy, inflation, unemployment, and open economy dynamics. Evaluation includes multiple assessments with a total weightage of 100% across various components.

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14 views11 pages

M0L0.Zero Hour - MGT1114

The document outlines the course details for MGT1114: Principles of Macroeconomics, including objectives, module topics, class timings, and evaluation methods. The course consists of five modules covering key macroeconomic concepts such as national income, fiscal and monetary policy, inflation, unemployment, and open economy dynamics. Evaluation includes multiple assessments with a total weightage of 100% across various components.

Uploaded by

shetani151
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MGT1114: Dr.

Karthick V
Assistant Professor
PRINCIPLES OF Centre for Economic Studies and Policy
Institute for Social and Economic Change
MACROECONOMICS Nagarbhavi post, Bengaluru - 560 072.

1
COURSE DETAILS
• Course Code: MGT1114
• Course Title: Principles of Macroeconomics
• 4 Credit course
• 5 Modules
• 9 hours for Module 1
• 12 hours for Module 2
• 15 hours for Module 3
• 12 hours each for Modules 4& 5
• Total hours of instructions: 60
• Class timings:
• Tuesday: 3 – 4 PM
• Thursday: 9 – 10 AM
• Friday: 12 – 1 PM
• Saturday: 10 – 11 PM
2
OBJECTIVES To make the students
macroeconomics.
understand the basics of

To elaborate on a concept related to national income and its


contribution to individuals and society.

To examine the strategy and importance of demand and


supply of quantity and money market.

To analyze the causes and remedies for Unemployment and


Inflation rates and the factors that affect Economic Growth
(unemployment, inflation, and economic growth).

To explain the importance of trade, demand and supply of


money to improve the Economy.

3
MODULE 1: INTRODUCTION MACRO
ECONOMICS AND NATIONAL INCOME
• Introduction
• Concept and Variables of macroeconomics
• National Income, Expenditure, and The Circular
flow, Components of expenditure
• Consumption, Saving and Investment
• S-I approach
• Multiplier (two sectors)
• Numerical examples
• Static macro-economic analysis of short and long-run
• Determination of supply
• Determination of demand
• Conditions of equilibrium
• National Income and Measurements
4
MODULE 2 – FISCAL AND
MONETARY POLICY
• Meaning, Objective and Instruments of fiscal
and monetary policy
• Aggregate Demand – Aggregate Supply
approach
• Determination of aggregate demand
• Shifts in aggregate demand
• Aggregate supply in the short and long run,
and
• Aggregate demand – Aggregate supply
analysis
• Economy in the short run IS-LM framework

5
MODULE 3 – INFLATION AND
UNEMPLOYMENT
• Inflation, Causes and Effect of rising and falling inflation
• Demand pull and Cost-push inflation and
• Measures to control inflation
• Inflation and interest rates, and
• Social costs of inflation
• Poverty and Unemployment
• Numerical examples and Measurement
• Natural rate of unemployment
• Frictional unemployment
• Labor market and its interaction with the production
system.
• Phillips curve, and
• Role of expectations adaptive and rational.

6
MODULE 4 – OPEN ECONOMY: BOP
AND BOT
• Open economy
• Flows of goods and capital
• Saving and Investment in a small and a large open
economy
• Exchange rates
• Fixed and Flexible Exchange rates
• Mundell – Fleming model with fixed and flexible prices
in a Small Open Economy
• Balance of payments
• Trade balance
• Current and Capital Accounts
• Autonomous and accommodating transactions
• Measures to control disequilibrium on BOP

7
MODULE 5 – BEHAVIOURAL
FOUNDATIONS
• Behavioral Foundations
• Investment
• Determinants of business fixed investment
• Effect of tax
• Determinants of residential investment and
Inventory investment
• Demand for Money
• Portfolio and transactions theories of
demand for Real balances
• Interest and Income Elasticities of demand
for real balances
• Supply of money

8
REFERENCES
Textbooks
1. Dwivedi, D.N, (2015), Macroeconomics – Theory and Policy,
4th edition, Tata McGraw Hill Publications.
2. Gordon, Robert J, (2015), Macroeconomics, 12th edition,
Pearson Education.

References:
1. Sullivan Arthur, O’ (2014), Macroeconomics, 8th edition,
Pearson Education.
2. Moss, David A, (2015), A Concise Guide to Macroeconomics:
What Managers, Executives and Student Need to Know, 2nd
edition, Harvard Business School Press.
3. Mankiw, Gregory N, (2014), Principles of Macroeconomics,
8th edition, Cengage Learning.

9
MODE OF EVALUATION
CAT-1 Weightage (in %) 20
CAT-2 Weightage (in %) 20
FAT Weightage (in %) 20
Internal Weightage (in %) 40
Assessment
Total 100 quiz-1 MCQ test 15
quiz-2 MCQ test 15
quiz-3 Assignment presentation 5
Attendance 5
Total 10
Total Internal assessment 40

10
All the Best

11

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