This document provides information about a macroeconomics course offered at Hailey College of Commerce. The course aims to provide insights into macroeconomic theories and practices. It will introduce key macroeconomic concepts like national income, inflation, fiscal and monetary policy. The course learning outcomes include helping students understand daily economic life through macro theories and analyze the effects of policy initiatives. Students will learn about measuring national income, Keynesian models, public finance, inflation, international trade, and institutions like the IMF and World Bank. Assessment will consist of assignments, quizzes, a midterm exam, and a final exam. Suggested textbooks and online resources are also listed.
This document provides information about a macroeconomics course offered at Hailey College of Commerce. The course aims to provide insights into macroeconomic theories and practices. It will introduce key macroeconomic concepts like national income, inflation, fiscal and monetary policy. The course learning outcomes include helping students understand daily economic life through macro theories and analyze the effects of policy initiatives. Students will learn about measuring national income, Keynesian models, public finance, inflation, international trade, and institutions like the IMF and World Bank. Assessment will consist of assignments, quizzes, a midterm exam, and a final exam. Suggested textbooks and online resources are also listed.
This document provides information about a macroeconomics course offered at Hailey College of Commerce. The course aims to provide insights into macroeconomic theories and practices. It will introduce key macroeconomic concepts like national income, inflation, fiscal and monetary policy. The course learning outcomes include helping students understand daily economic life through macro theories and analyze the effects of policy initiatives. Students will learn about measuring national income, Keynesian models, public finance, inflation, international trade, and institutions like the IMF and World Bank. Assessment will consist of assignments, quizzes, a midterm exam, and a final exam. Suggested textbooks and online resources are also listed.
This document provides information about a macroeconomics course offered at Hailey College of Commerce. The course aims to provide insights into macroeconomic theories and practices. It will introduce key macroeconomic concepts like national income, inflation, fiscal and monetary policy. The course learning outcomes include helping students understand daily economic life through macro theories and analyze the effects of policy initiatives. Students will learn about measuring national income, Keynesian models, public finance, inflation, international trade, and institutions like the IMF and World Bank. Assessment will consist of assignments, quizzes, a midterm exam, and a final exam. Suggested textbooks and online resources are also listed.
Hailey College of Commerce Associate Degree of Commerce, 2020
Course Title: Macroeconomics
Course Description & Objectives
This course aims at providing insights into and understanding of theories and practices relating to macroeconomics. This would be a basic course offered to students who have already studies Microeconomics. The background of student audience is based on Intermediate or at least 12 years of education with basic knowledge of Microeconomic theory.
Learning Outcomes 1. To introduce the concepts of Macroeconomics. 2. To provide an opportunity to develop skills to understand daily economic life and relate it to Macroeconomic theory 3. To make students understand the working of the policy initiatives in the market economy 4. To enable students understand the aggregate concepts of national Income, Inflation etc. 5. To develop economic thinking among students 6. To prepare the student for higher studies in subjects like Managerial Economics & Econometrics, Taxation, Fiscal Policy etc Course Contents
National Income: Concepts of National Income-GNP, NNP, GDP, GNI at factor cost, PI, Personal disposable income, transfer payments, Circular flow of national Income. Measurement of National Income: National Income at market price, at factor Cost; Measurement of national Product in current price and in constant prices. Keynesian Macroeconomics: Keynesian Psychological law of Consumption, Consumption function, saving function, MPC, APC, MPS and APS Derivation and use of investment multiplier Investment and MEC Inflationary and deflationary gaps under Keynesian theory. Public Finance: Meaning, Difference between Private and Public Finance, revenue and Expenditure of Public Bodies, Kinds of Taxes and Cannons of Taxes fiscal policy. Tools of Fiscal and Monitory Policy. Inflation: Kinds, causes and remedies Trade Trade Theories: Theory of comparative advantages, Modern theory of trade, Trade Cycles International Institutions IMF & World Bank Group
Page 39 of 62 Hailey College of Commerce Associate Degree of Commerce, 2020
Assessment Mechanism/Criteria 40% (40 Marks) Internal Assessment by affiliated *15Marks for Assignments, institution Quizzes and others **25 Marks for Mid-term Exam 60% (60Marks) External Assessment by the Final Term Examination Punjab University
Suggested Readings 1. Samuelson, Paul A.; William D Nordhaus, Sen & Chaudhry, Economics, McGraw-Hill, 20th Edition, 2019, ISBN-10 : 9389538033, ISBN-13 : 978-9389538038 2. Nordous. D. William, Samuelson Paul. A, Macroeconomics, MC GRAW HILL INDIA; 19th Edition (January 1, 2011), ISBN-10 : 9780071333368, ISBN-13 : 978-0071333368 3. Rudiger Dornbusch , Stanley Fischer , Richard Startz , Macroeconomics, McGraw-Hill Education; 13th Edition (September 7, 2017), ISBN-10 : 1259290638, ISBN-13 : 978- 1259290633 4. David Romer, Advanced Macroeconomics, McGraw-Hill Education; 5th Edition (February 19, 2018), ISBN-10 : 1260185214, ISBN-13 : 978-1260185218 5. Rizavi, Dr. Sayyid Salman, “An Introduction to Economics”, Syed Mubeen & Co., Lahore, 2019 Recommended Websites/Resources 1. http://www.basiceconomics.info/ 2. http://www.imf.org 3. http://www.worldbank.org 4. http://www.sbp.gov.pk 5. http://www.finance.gov.pk
Mastering Financial Analysis: Techniques and Strategies for Financial Professionals: Expert Advice for Professionals: A Series on Industry-Specific Guidance, #1
