Economics Semester 2 , 2024

B.A. Economics, Delhi University

Tentative Exam Date: After 21st May 2024

Information [ Recorded Lectures Online Classroom Program] ( Live PYQs &

Doubt Sessions )

1. Taught by: Poonam Kumari

2. Subject Covered in the Program :
● Introductory Macroeconomics ( Relevant for Hons, Major & Minor )
● Intermediate Statistical Methods for Economics (Relevant for Hons )
● Intermediate Mathematical Methods for Economics (Relevant for Hons)
3. Recommended for students who are:
a. Writing Semester 2 B.A. Economics Exam 2024 OR
b. Anyone who has an interest in learning the basics of Macroeconomics,
Mathematics, and Statistics
4. Objective: Achieving a good understanding of the basics of Mathematics,
Statistics, and Macroeconomics through concepts and solving past year questions
5. Duration of the Program (Tentative): 19th Jan 2024 - 2nd May 2024
6. Medium of Instruction: English/Hindi
7. Number of hours of training sessions in the program: 60 hours of recorded
material for each course (includes lectures and problem-solving sessions) and
15 PYQ session which will be conducted live along with live doubt sessions
8. Duration of the Lectures: Every recorded lecture is 2- 2.5 hours. The PYQ
sessions will be conducted live every week along with doubt sessions.
9. The Live PYQ & Doubt sessions will be conducted online on Zoom and meeting
links will be shared in advance.
10. The tentative schedule for the course is given in this pdf.

Features of the program

a. Access to Recordings of the course content.

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 b. Class Notes & Chapter Notes will be provided.
c. Focus on Concepts
d. Regular PYQ sessions
e. Regular doubt sessions
f. Past year questions Discussions
g. Access to our Whatsapp group where students benefit from discussions and
problem-solving. All the doubts can be shared and discussed there.

Course Fees:
1. The Course fees will be as follows:
a. Individual courses: Rs 5000
b. Any 2 courses: Rs 9000
c. All 3 courses: Rs 12500
2. All the courses can be purchased from our website only:
a. Intermediate MME :
https://www.poonamkumari.com/learn/Sem-2-Intermediate-Mathematical-Methods
-for-Economics
b. Intermediate SME :
https://www.poonamkumari.com/learn/Sem-2-Intermediate-Statistical-Methods-for-
Economics
c. Introductory Macroeconomics :
https://www.poonamkumari.com/learn/Sem-2-Introductory-Macroeconomics
3. If you would like to take more than one course, you can check out the bundles as
well on the website :
https://www.poonamkumari.com/learn/view-all?show=bundles&type=3

Connect with me:

1. LinkedIn: Poonam Kumari
2. Mobile: 9810420329 (Whatsapp)
3. Email: [email protected]
4. Youtube: Poonam Kumari

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www.poonamkumari.com/learn Class Schedule 2024 Semester 2 2024

Introductory
Remarks Date Intermediate MME Intermediate SME Macroeconomics
Commencement of
Classes Thursday, January 18, 2024
Lecture 1 ( Course
Friday, January 19, 2024 Introduction)
Lecture 1 ( Course
Saturday, January 20, 2024 Introduction)
Lecture 1 ( Course
Sunday, January 21, 2024 Introduction)
Monday, January 22, 2024
Tuesday, January 23, 2024
Wednesday, January 24, 2024
Thursday, January 25, 2024
Friday, January 26, 2024
Saturday, January 27, 2024
Sunday, January 28, 2024
Monday, January 29, 2024
Tuesday, January 30, 2024
Wednesday, January 31, 2024
Thursday, February 1, 2024
PYQ session 1 / Doubt
Friday, February 2, 2024 Session 1
PYQ session 1 / Doubt
Saturday, February 3, 2024 Session 1
PYQ session 1 / Doubt
Sunday, February 4, 2024 Session 1
Monday, February 5, 2024
PYQ session 2 / Doubt
Tuesday, February 6, 2024 Session 2
PYQ session 2 / Doubt
Wednesday, February 7, 2024 Session 2
PYQ session 2 / Doubt
Thursday, February 8, 2024 Session 2
Friday, February 9, 2024
Saturday, February 10, 2024
Sunday, February 11, 2024
Monday, February 12, 2024
PYQ session 3 / Doubt
Tuesday, February 13, 2024 Session 3
PYQ session 3 / Doubt
Wednesday, February 14, 2024 Session 3
PYQ session 3 / Doubt
Thursday, February 15, 2024 Session 3
Friday, February 16, 2024
Saturday, February 17, 2024
Sunday, February 18, 2024
Monday, February 19, 2024
PYQ session 4/ Doubt
Tuesday, February 20, 2024 Session 4
PYQ session 4/ Doubt
Wednesday, February 21, 2024 Session 4
PYQ session 4/ Doubt
Thursday, February 22, 2024 Session 4
Friday, February 23, 2024
Saturday, February 24, 2024

Contact: 9810420329 https://www.youtube.com/@poonam_kumari 1

www.poonamkumari.com/learn Class Schedule 2024 Semester 2 2024

Sunday, February 25, 2024

Monday, February 26, 2024
PYQ session 5/ Doubt
Tuesday, February 27, 2024 Session 5
PYQ session 5/ Doubt
Wednesday, February 28, 2024 Session 5
PYQ session 5/ Doubt
Thursday, February 29, 2024 Session 5
Friday, March 1, 2024
Saturday, March 2, 2024
Sunday, March 3, 2024
Monday, March 4, 2024
PYQ session 6/ Doubt
Tuesday, March 5, 2024 Session 6
PYQ session 6/ Doubt
Wednesday, March 6, 2024 Session 6
PYQ session 6/ Doubt
Thursday, March 7, 2024 Session 6
Friday, March 8, 2024
Saturday, March 9, 2024
Sunday, March 10, 2024
Monday, March 11, 2024
PYQ session 7/ Doubt
Tuesday, March 12, 2024 Session 7
PYQ session 7/ Doubt
Wednesday, March 13, 2024 Session 7
PYQ session 7/ Doubt
Thursday, March 14, 2024 Session 7
Friday, March 15, 2024
Saturday, March 16, 2024
Sunday, March 17, 2024
Monday, March 18, 2024
PYQ session 8/ Doubt
Tuesday, March 19, 2024 Session 8
PYQ session 8/ Doubt
Wednesday, March 20, 2024 Session 8
PYQ session 8/ Doubt
Thursday, March 21, 2024 Session 8
Friday, March 22, 2024
Saturday, March 23, 2024
Mid Sem Break- Begin Sunday, March 24, 2024
Monday, March 25, 2024
PYQ session 9/ Doubt
Tuesday, March 26, 2024 Session 9
PYQ session 9/ Doubt
Wednesday, March 27, 2024 Session 9
PYQ session 9/ Doubt
Thursday, March 28, 2024 Session 9
Friday, March 29, 2024
Saturday, March 30, 2024
Mid Sem Break - End Sunday, March 31, 2024
Monday, April 1, 2024
PYQ session 10/
Tuesday, April 2, 2024 Doubt Session 10
PYQ session 10/ Doubt
Wednesday, April 3, 2024 Session 10

Contact: 9810420329 https://www.youtube.com/@poonam_kumari 2

www.poonamkumari.com/learn Class Schedule 2024 Semester 2 2024

PYQ session 10/ Doubt

Thursday, April 4, 2024 Session 10
Friday, April 5, 2024
Saturday, April 6, 2024
Sunday, April 7, 2024
Monday, April 8, 2024
PYQ session 11/
Tuesday, April 9, 2024 Doubt Session 11
PYQ session 11/ Doubt
Wednesday, April 10, 2024 Session 11
PYQ session 11/ Doubt
Thursday, April 11, 2024 Session 11
Friday, April 12, 2024
Saturday, April 13, 2024
Sunday, April 14, 2024
Monday, April 15, 2024
PYQ session 12/
Tuesday, April 16, 2024 Doubt Session 12
PYQ session 12/ Doubt
Wednesday, April 17, 2024 Session 12
PYQ session 12/ Doubt
Thursday, April 18, 2024 Session 12
Friday, April 19, 2024
Saturday, April 20, 2024
Sunday, April 21, 2024
Monday, April 22, 2024
PYQ session 13/
Tuesday, April 23, 2024 Doubt Session 13
PYQ session 13/ Doubt
Wednesday, April 24, 2024 Session 13
PYQ session 13/ Doubt
Thursday, April 25, 2024 Session 13
Friday, April 26, 2024
Saturday, April 27, 2024
Sunday, April 28, 2024
Monday, April 29, 2024
PYQ session 14/
Tuesday, April 30, 2024 Doubt Session 14
PYQ session 14/ Doubt
Wednesday, May 1, 2024 Session 14
PYQ session 14/ Doubt
Thursday, May 2, 2024 Session 14
Friday, May 3, 2024
Saturday, May 4, 2024
Sunday, May 5, 2024
Monday, May 6, 2024
PYQ session 15/Doubt
Tuesday, May 7, 2024 Session 15
PYQ session 15/Doubt
Wednesday, May 8, 2024 Session 15
PYQ session 15/Doubt
Thursday, May 9, 2024 Session 15
Friday, May 10, 2024
Saturday, May 11, 2024
Dispersal of Classes Sunday, May 12, 2024

Contact: 9810420329 https://www.youtube.com/@poonam_kumari 3

 Department of Economics
Delhi School of Economics
University of Delhi

Minutes of Meeting

Subject: B.A. (Hons) Economics, Second Semester

Course : (ECON 005) Intermediate Mathematical Methods for Economics
Credits: 4
Duration (per week): 4 hours (3Lectures + 1 Tutorial)
Date: March 17, 2023
Venue: Virtual Meeting
Chairs: Sandip Datta and Sugata Bag

The meeting was attended by the following teachers:

Sl. No. Teacher Name College Name
1 Akanksha Daulat Ram College
2 Nidhi Pande Aggarwal DCAC
3 Niti Khandelwal Garg Kirori Mal College
4 Sanjeev Grewal St Stephens College
5 Nidhi Gupta SRCC
6 Sandhya Varshney Dayal Singh College
7 Shruti Sabharwal Jesus & Mary College
8 Sonam Gupta Hansraj College
9 Surbhi Gupta LSR College
10 Gita Golani Shyama Prasad Mukherji College
11 Jasneet Kaur Wadhwa SGTB Khalsa College
12 Harpreet Kaur Sri Guru Gobind Singh College of Commerce
13 Manavi Jain Miranda House College
14 Sonakshi Jain Sri Venkateswara College
15 Nikita Gupta Shivaji College
16 Nivedita Mullick Gargi College
17 Ranjan Swarnakar ARSD College
18 Anita Mathur SRCC
19 Neha ARSD College
20 Akanksha Aggarwal Jesus Mary College
21 Ganita Bhupal Rajdhani College
22 Anita Lakshmibai College
The teachers present (online) discussed various aspects of the course itself and the teaching
and evaluation process for the current semester. The committee agreed on the followings:
1. The syllabus and the reading list for the course during the current semester remain
unchanged. However, the book “Linear Algebra and its applications” (4th Edition,
2012) by David Lay (Pearson) is suggested as a teacher’s reference.
Essential Readings:
• [SH 2002] Sydsaeter, K., Hammond, P. (2002). Mathematics for economic
analysis, Pearson Educational.
• [HLMRS 2001] Hoy, M., Livernois, J., McKenna, C., Rees, R., Stengos, T.
(2001). Mathematics for Economics, Prentice-Hall India.

2. There was a fairly wide-ranging discussion on various aspects of the evaluation process.
There are 3 stages of assessments. The following pattern will be followed -

I. Internal Assessment (IA): 30 marks –

• two class tests (12 marks each), and
• 6 marks for attendance.
II. Continuous Assessment (CA): 40 marks –
• At least 2 written class tests/class assignments, adding up to total 30 marks.
• The rest 5 marks could also be based on class tests or oral quizzes/ tutorial
participation at the discretion of the teacher concerned.
• 5 marks for attendance
III. The end semester exam: 90 marks will comprise numerical and other questions.
Suggestive pattern for the end-semester final examination:

• roughly equal weights for each unit

• The question paper will comprise of three parts –
o with varying degrees of difficulty
o each part will have questions from each unit
o Part – A: 40 marks – 5 questions, 8 marks each
o Part – B: 30 marks – 3 questions, 10 marks each
o Part – C: 20 marks – 2 questions, 10 marks each
DISCIPLINE SPECIFIC CORE COURSE – 5
(DSC-5): INTERMEDIATE MATHEMATICAL METHODS FOR ECONOMICS

The syllabus, teaching hours and topic-wise reading references –

1. UNIT –I: Linear Algebra (15 Hours)
Vector spaces: algebraic and geometric properties, scalar product, norm, orthogonality;
linear transformations: properties, matrix representation and elementary operations;
systems of linear equations: properties of their solution sets; determinants:
characterization, properties and applications; eigenvalues and eigenvectors,
diagonalization, spectral theorem.
Ref: SH 2002, chapters – 12, 13, 14

2. UNIT – II: Functions of several real variables (15 Hours)

Geometric representation: graphs and level curves; differentiable functions:
characterisation, properties concerning various operations and applications; second
order derivatives: properties and applications; the implicit function theorem, application
to comparative statics; homogeneous and homothetic functions: characterisation,
applications.
Ref: SH 2002, chapters – 15, 16

3. UNIT – III: Multivariate optimization (15 Hours)

Convex sets; geometric properties of functions: convex functions, their
characterisation, properties and applications; quasi-convex functions, their
characterisation, properties and applications; unconstrained optimisation: geometric
characterisation, characterisation using calculus, applications.
Ref: SH 2002, chapters – 17
 Minutes of the Meeting
Intermediate Statistics for Economics
Date: 17th March, 2023

Course Title Intermediate statistics for Economics - DSC-6

Course Code ECON006

Course Abbreviation: STAT 2

Credits 4

Duration (per week) 4 hours (3 Lectures+ 1 Tutorial)

Date of Meeting 17th March 2023

Venue Delhi School of Economics

Chair Prof. Pami Dua, Dr. Reetika Garg and Dr. Anish Gupta

Attended By:
Kanika Pathania Sri Venkateswara College
Anu Singh Deswal Jesus and Mary College
Rakesh Kumar Dyal Singh College
Deepika Kandpal PGDAV Morning
Gaganpreet Kaur SGTB Khalsa College
Neha ARSD
Ajay Kumar Kamala Nehru college
Roshan Kumar Singh Kamala Nehru college
Shubhi Singh Lady Shri Ram College for Women
Shruti Garg Sri Guru Gobind Singh college of Commerce
Dr. Paramjeet Kaur Sri Guru Gobind Singh college of Commerce
Dr. Srishty Kasana Daulat Ram College
Dr. Deepika Goel Aryabhatta College
Learning Objectives
The Learning Objectives of this course are as follows:
• This course focuses on techniques for statistical inference. The main objective of the course is
to help students understand how to draw inference from samples regarding the underlying
populations using point estimation, interval estimation and hypothesis testing.

Learning outcomes
The Learning Outcomes of this course are as follows:
• An important learning outcome of the course will be the capacity to use and analyse statistics in
everyday life. The course will improve students’ ability to analyse data, make decisions, form
predictions, and conduct research.

A meeting of teachers of this course was held to discuss the following:

 The detailed reading list for the UGCF course to be implemented in the
academic session 2022-23.
 The pattern of the semester-end exam.
 How to give a good intuition of the concepts to the students by using some
practical concepts.
 How to assess students for the continuous assessment
Since this paper is taught in its present form for the first time, under UGCF, a sub-committee
was constituted to review the suggested readings. The committee consisted of the following
teachers:
1 Deepika Goel, Aryabhatta College
2 Paramjeet Kaur, Sri Guru Gobind Singh College of Commerce
3 Priyanka Bhatia, SRCC College
4 Poonam Kalra, St. Stephen’s College

The issues discussed in the meeting are as follows:

1. Teachers suggested that from the suggested readings in the syllabus, J Devore and Hogg,
Tanis and Zimmerman (HT&Z) could be used as core textbooks. John Rice can be used
for some topics.
2. Students should be aware of the following topics; however, no questions should be asked
in the examinations:
a) Simulation experiments
b) β and sample size determination
c) Power curves
3. Jan Kmenta can be used for properties of an estimator, particularly ‘sufficiency’ of an
estimator.
4. In order to achieve uniformity in evaluation of final answer scripts, it was decided to include
the following note in final question paper:
a) All questions within each section are to be answered in a contiguous manner on the
answer sheet. Start each question on a new page, and all sub-parts of a question
should follow one after the other.
 b) All intermediate calculations should be rounded off to 3 decimal places. The values
provided in statistical tables should not be rounded off. All final calculations should
be rounded off to two decimal places.
5. It was agreed that the question paper will include internal choice in each section with
limited number of sub-parts.
6. The following distribution of topics, indicative weightage, and the amount of choice within
each section, was agreed upon:
a. Section 1: Unit 1: (weightage 20 marks), Two questions of 10 marks each.
Internal choice in these units should be given as 2 out of 3 questions
b. Section 2: Unit 2: (weightage 30 marks), Three questions out of Four for 10
marks each.
c. Section 3: Unit 3 and Unit 4: (weightage 40 marks), Four questions out of Five
for 10 marks each.
7. There would be no compulsory question in any of the sections.
8. End semester exam would be of 90 marks. The internal assessment would comprise of 12
marks Class test, 12 marks Class test/assignment. Lecture attendance will carry 06 marks.
Problem solving during tutorials/ interpretation of results pertaining to a set of data should
be the preferred medium for continuous assessment of 35 marks out of 40 (Five marks for
attendance in tutorials).

The details of the Course Content, Topic-wise Reading list, recommended textbooks are given
below:
Content (Unit-wise):
UNIT - 1: Sampling distribution of a Statistic (12 Hours)
Concept of Statistic and parameter, Sampling distributions, Central Limit Theorem.
UNIT - 2: Estimation (12 Hours)
Estimator and methods of estimation, Point Estimation: method of moments and method of
maximum likelihood; Interval Estimation, Properties of an estimator: Consistency, Unbiasedness,
Efficiency and Sufficiency, confidence level and sample size, intervals based on Z-distribution, t-
distribution and chi-squared distribution, F-distribution.
UNIT – 3: Inference (9 Hours)
Meaning of a statistical hypothesis, errors in hypothesis testing: Type 1 and Type 2 errors, power
of a test.
UNIT - 4: Hypothesis Testing (12 Hours)
Testing of a population Mean, proportions - small and large sample tests, P-value; Testing for
variance; Testing hypothesis for two samples, testing for equality of means; testing for ratio of
variances.
 Unit
TOPIC READINGS FROM CORE TEXTS
No.

Devore: Ch 5.3 (excluding simulation

experiments), 5.4, 5.5
Sampling distribution of Hogg, Tanis and Zimmerman: Ch 5.6
1.
a Statistic
Anderson et. al: Ch 7.8

Devore: Ch 6 (except pages 249-250), Ch 7,

Confidence intervals are also covered in Ch 9 for
which relevant sections are provided in Unit IV)
Hogg, Tanis and Zimmerman: Ch 6.4
2. Estimation (examples from gamma, Weibull distribution are
excluded), 7.1-7.4
Larsen and Marx: Ch 5.4
Jan Kmenta: Ch 6.1 (pp 156-159, 162)

Devore: Ch 8.1
John Rice: Ch 9.4
3. Inference
Larsen and Marx: Ch 6.1-6.4(pp 350-369
excluding power curves, 370-374)

Devore: Ch 8.2 – 8.5 (excluding β and sample size

determination in each case), Ch 9 (excluding β and
4. Hypothesis Testing choice of sample size in 9.1 and excluding Ch 9.3)
Hogg, Tanis and Zimmerman: Ch 8.1 – 8.4

Essential Readings:
1. Devore, J. (2012). Probability and Statistics for Engineers, 8th ed. Cengage Learn-ing.
2. Hogg, R., Tanis, E., Zimmerman, D. (2021) Probability and Statistical inference, 10th
Edition, Pearson.
3. Larsen, R., Marx, M. (2011). An introduction to mathematical statistics and its
applications. Prentice Hall.
4. Miller, I., Miller, M. (2017). J. Freund's Mathematical Statistics with Applications,
8th ed. Pearson.
5. Anderson, D. R, Sweeny, D. J, et. al (2019), Statistics for Business and Economics,
13th edition, Cengage Learning.
 6. Jan Kmenta (1997), Elements of Econometrics, 2nd ed. Macmillan publishing; New
York and Collier Macmillan; London.
Recommended Readings for Teachers:
1. John A. Rice (2007). Mathematical Statistics and Data Analysis, 3rd ed. Thomson
Brooks/Cole.
2. Demetri Kantarelis, D. and Malcolm O. Asadoorian, M. O. (2009). Essentials of
Inferential Statistics, 5th edition, University Press of America.
 UNIVERSITY OF DELHI
DELHI SCHOOL OF ECONOMICS
DEPARTMENT OF ECONOMICS

Minutes of Meeting

Subject: B.A. (Hons) Economics Second Semester

Course: ECON004 Introductory Macroeconomics
(Honours course only)
Credits: 4
Duration (per week): 4 hours (3 L + 1 T)
Date: Thursday 9th March 2023
Venue: Department of Economics, Delhi School of Economics,
University of Delhi
Convenor: Dibyendu Maiti

Sub-committee:
Nidhi Dhamija
Aradhana Nanda
Ashwani Kumar

Attended by:
Name of Teacher Name of College
Pawan Kumar Ramjas College
Yogita Yadav Sri Venkateswara College
Anu Singh Deswal Jesus and Mary College
Deepika Goel Aryabhatta college
Shweta Nanda ARSD
Dr Renu Kumari Verma Motilal Nehru College Evening
Ajay Kumar Kamala nehru college
ANUJ KUMAR Satyawati College(E)
Gurpinder kaur Shaheed Bhagat Singh College
D Appala Naidu ARSD College, University of Delhi
SARWESHWAR KUMAR GAUTAM Satyawati College
Ankur Bhatnagar Satyawati College
Aishwarya Gargi College
Arun Kumar DCAC
Pooja Sharma Daulat Ram College
Kanika Aggarwal Shri Ram college of commerce
Yogita Yadav Sri Venkateswara College
Rakesh Kumar Dyal Singh College
Shubhi Singh Lady Shri Ram College for Women
Paramjeet Kaur Sri Guru Gobind Singh College of Commerce
Ramesh kumar BNC
Amrat Lal Meena Amrat Lal Meena
Anjana Singh Lady Shri Ram College
Surabhi Gupta Lady Shri Ram College for Women

Page 1 of 3
 R. AHALYA DAULAT RAM COLLEGE
Kanupriya Sri Aurobindo College (Day)
Arjun Shivaji college
Sukhvinder Kaur Sri Guru Nanak Dev Khalsa College
Aakriti Saini Daulat Ram College
Saumya Shukla Maharaja Agrasen College
UTTAM KUMAR ARSD COLLEGE
Mohini Aggarwal Rajdhani College
Sonika SPM COLLEGE FOR WOMEN
Aruna Rao Sri Venkateswara College
Rupa Basu Kamala Nehru College
Saraswati ARSD college
Nidhi Dhamija Hindu College
Tanu Delhi College of Arts and Commerce
Bijoyata Yonzon Janki Devi Memorial College
Supriti Mishra Shyam lal college
Archi Bhatia Ramjas College
Aradhana Nanda Sggs college of commerce
Ashwani Kumar SRCC

Learning Objectives
• To introduce students to the basic concepts of macroeconomics
• To discuss the preliminary concepts associated with determining and measuring
aggregate macroeconomic variables like GDP, savings, investment, money, inflation,
unemployment and the balance of payments.
• To introduce the simple analytical framework (e.g., the IS-LM Model) for analysing the
relationships among key macroeconomic variables.

Learning Outcomes
• The students would be able to familiarise the broad macroeconomic concepts like GDP,
inflation, money supply, interest rate and their inter-linkages and their
interrelationships.
• By studying the course, the students will be able to critically evaluate various
macroeconomic policies and their effects on output and interest rates in the economy.

Suggested number of lectures:

Unit 1: 10 hours
Unit 2: 10 hours
Unit 3: 11 hours;
Unit 4: 14 hours.

Readings:
1. Andrew B. Abel, Ben S. Bernanke and Dean Croushore (2011). Macroeconomics,
7th edition, Pearson.
2. Oliver Blanchard and David R. Johanson (2013). Macroeconomics, 6th edition, Pearson
3. Richard T. Froyen (2013). Macroeconomics: Theories and Policies, 10th edition,
Pearson.
4. Rudiger Dornbusch, Stanley Fischer and Richard Startz (2011). Macroeconomics, 11th
edition, McGraw-Hill.
Page 2 of 3
 To the extent possible data from the Indian economy such as those in the Economic Survey,
RBI, etc. should be used to illustrate concepts in the topics below.
Latest Economic Survey should be used.

Topic-wise Readings:

Unit 1. Introduction to Macroeconomics and National Income Accounting (10 hours)

Basic issues studied in macroeconomics; measurements of gross domestic product, income,
expenditure and the circular flow; real versus nominal GDP; price indices; national income
accounting for open economy, balance of payments accounts, current and capital accounts.

(i) Abel, Bernanke and Croushore: Chapter 1 (Sections 1.1 and 1.3), Chapter 2 and 5 (upto
Section 5.1 - pp. 165-176). Instead of Table 5.1 in book use latest Economic Survey 2022-23,
Table 5.2 (p. 92-95)
National Accounts Statistics: Sources and Methods, CSO, Government of India,
[Optional]

Unit 2. Money (10 hours)

Functions of money; quantity theory of money; determination of money supply and demand;
credit creation; tools of monetary policy.

(i) Abel, Bernanke and Croushore: Chapter 7 (Section 7.1)

(ii) Froyen: Chapter 4 (Section 4.1- till page 70)
(iii) Blanchard: Chapter 4

Unit 3. Simple Theory of Income Determination (11 hours)

Classical and Keynesian systems; simple Keynesian model of income determination.

(i) Froyen: Chapter 3, Chapter 4 (Section 4.1 - pages 70, 71, 72, Sections 4.2 - 4.4)
(ii) Dornbusch, Fischer and Startz: Chapter 9

Unit 4. IS-LM Analysis and Aggregate Demand (14 hours)

Derivation of the IS-LM Curves; fiscal and monetary multipliers; derivation of aggregate
demand.

(i) Dornbusch, Fischer and Startz: Chapters 10, Chapter 11 (Section 11.4 is optional).

Useful sources for data on the Indian economy:

1. Economic Survey: https://www.indiabudget.gov.in/economicsurvey/
2. RBI Handbook of Statistics on the Indian
Economy: https://www.rbi.org.in/SCRIPTS/AnnualPublications.aspx?head=Handbook
%20of%20Statistics%20on%20Indian%20Economy

Assessment:
1. Internal Assessment (IA): 30 marks - one class test, another test or presentation (12
marks each), and six marks for attendance.
2. Continuous Assessment (CA): 40 marks - projects, presentations etc. (35 marks) and 5
Page 3 of 3
 marks for attendance.
3. The end semester exam: 90 marks will comprise numerical and other questions.

Suggested Weightage for each unit in the final examination

Unit 1 - 20 marks
Unit 2 - 20 marks
Unit 3 - 20 marks
Unit 4 - 30 marks

Page 4 of 3
 UNIVERSITY OF DELHI
DELHI SCHOOL OF ECONOMICS
DEPARTMENT OF ECONOMICS

Minutes of Meeting

Subject: B.A. Program Second Semester

Course: ECON004 Introductory Macroeconomics (for Major and
Minor courses only)
Credits: 4
Duration (per week): 4 hours (3 L + 1 T)
Date: Thursday 9th March 2023
Venue: Department of Economics, Delhi School of Economics,
University of Delhi
Convenor: Prof. Dibyendu Maiti

Sub-committee:
Nidhi Dhamija
Aradhana Nanda
Ashwani Kumar

Attended by:
Name of Teacher Name of College
Pawan Kumar Ramjas College
Yogita Yadav Sri Venkateswara College
Anu Singh Deswal Jesus and Mary College
Deepika Goel Aryabhatta college
Shweta Nanda ARSD
Dr Renu Kumari Verma Motilal Nehru College Evening
Ajay Kumar Kamala nehru college
ANUJ KUMAR Satyawati College(E)
Gurpinder kaur Shaheed Bhagat Singh College
D Appala Naidu ARSD College, University of Delhi
SARWESHWAR KUMAR GAUTAM Satyawati College
Ankur Bhatnagar Satyawati College
Aishwarya Gargi College
Arun Kumar DCAC
Pooja Sharma Daulat Ram College
Kanika Aggarwal Shri Ram college of commerce
Yogita Yadav Sri Venkateswara College
Rakesh Kumar Dyal Singh College
Shubhi Singh Lady Shri Ram College for Women
Paramjeet Kaur Sri Guru Gobind Singh College of Commerce
Ramesh kumar BNC
Amrat Lal Meena Amrat Lal Meena
Anjana Singh Lady Shri Ram College
Surabhi Gupta Lady Shri Ram College for Women

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 R. AHALYA DAULAT RAM COLLEGE
Kanupriya Sri Aurobindo College (Day)
Arjun Shivaji college
Sukhvinder Kaur Sri Guru Nanak Dev Khalsa College
Aakriti Saini Daulat Ram College
Saumya Shukla Maharaja Agrasen College
UTTAM KUMAR ARSD COLLEGE
Mohini Aggarwal Rajdhani College
Sonika SPM COLLEGE FOR WOMEN
Aruna Rao Sri Venkateswara College
Rupa Basu Kamala Nehru College
Saraswati ARSD college
Nidhi Dhamija Hindu College
Tanu Delhi College of Arts and Commerce
Bijoyata Yonzon Janki Devi Memorial College
Supriti Mishra Shyam lal college
Archi Bhatia Ramjas College
Aradhana Nanda Sggs college of commerce
Ashwani Kumar SRCC

Learning Objectives
• To introduce students to the basic concepts of macroeconomics
• To discuss the preliminary concepts associated with determining and measuring
aggregate macroeconomic variables like GDP, savings, investment, money, inflation,
unemployment and the balance of payments.
• To introduce the simple analytical framework (e.g., the IS-LM Model) for analysing the
relationships among key macroeconomic variables.

Learning Outcomes
• The students would be able to familiarise the broad macroeconomic concepts like GDP,
inflation, money supply, interest rate and their inter-linkages and their
interrelationships.
• By studying the course, the students will be able to critically evaluate various
macroeconomic policies and their effects on output and interest rate in the economy.

Suggested number of lectures: Unit 1 and 2 combined - approximately 11; Units 3 -

approximately 23; Unit 4 - approximately 11.

Readings:
1. Andrew B. Abel, Ben S. Bernanke and Dean Croushore (2011). Macroeconomics,
7th edition, Pearson.
2. Oliver Blanchard and David R. Johanson (2013). Macroeconomics, 6th edition, Pearson
3. Rudiger Dornbusch, Stanley Fischer and Richard Startz (2011). Macroeconomics, 11th
edition, McGraw-Hill.

Topic-wise Readings:

Unit 1. Introduction: What is macroeconomics? Macroeconomic issues in an economy

Basic issues studied in macroeconomics.
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 (i) Abel, Bernanke and Croushore: Chapter 1 (Sections 1.1 and 1.3)

Unit 2. National Income Accounting

Measurements of gross domestic product - income,expenditure and the circular flow; related
aggregates; real versus nominal GDP; price indices and real interest rate.

(i) Abel, Bernanke and Croushore: Chapter 2

Unit 3. Simple Theory of Income Determination

Simple Keynesian model of income determination; Actual and potential GDP; aggregate
expenditure; consumption function; investment function; equilibrium GDP; Concept of
multiplier; government sector and impact of changes in government expenditure and taxes.

(i) Dornbusch, Fischer and Startz: Chapter 9

(ii) Abel, Bernanke and Croushore: Chapter 4 (Section 4.1 and 4.2 – till page 121)

Unit 4. Money in a Modern Economy

Concept of money in a modern economy; monetary aggregates; functions of money; demand
for money; money supply and credit creation; monetary policy tools.

(i) Abel, Bernanke and Croushore: Chapter 7 (Section 7.1)

(ii) Blanchard: Chapter 4

Assessment:
1. Internal Assessment (IA): 30 marks - one class test, another test or presentation (12
marks each), and six marks for attendance.
2. Continuous Assessment (CA): 40 marks - projects, presentations etc. (35 marks) and 5
marks for attendance.
3. The end semester exam: 90 marks will comprise numerical and other questions.

Suggested Weightage for each unit in the final examination

Unit 1 and 2 - 25 marks
Unit 3 - 40 marks
Unit 4 - 25 marks

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