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Macro NEP Syllabus

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263 views1 page

Macro NEP Syllabus

Uploaded by

udaywal.nandini
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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--•c.

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Macroeconomics
IDSCBI
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Credit distribution, Ell1lblllty and Prerequisites of the Course

4
~-°'"'"-
I
Lecture

3
I
Tutorial

1
Practlc.al/
IPractk•
I
0
-
......., ........-
Class XII
IMcoune
1•-·
Basic
ol

Microeconomics

Leaming Objectives
• Dctennination of and linkages between major economic variables; level of output and prices.
inflation, interest rates and exchange rates,
• 1nc course is designed to s1udy the impact of monetary and fiscal policy on the aggregate
behaviour of individuals.

Le■mln& Outcomes
On successful completion of the course the learner will be able to:
• Understand the detennination of key macroeconomic variables.
• Describe models of determination of equilibrium outputs. prices and rate of interest.
• Analyse the role of the Government in an economy and examine how it uses its fiscal and
monetary policy to influence macroeconomic variables.
• Explain the working of an open economy

SYLLABUS OF DSC- 8
Unit I (6 hours)
Basic understanding of Ancient Indian Economy, Wealth and its various aspects as per Vedic
Philosophy; Kautilyn's view on Ways of Financial Management and Economic Governance.
Proposilion of Welfare states and Good Governance by Kau1ilya as 1hc foundation of strong Indian
Economy; Relevance of Kautilya 'sArthsashtra in making of modem and advanced India.

Unltl (18 houn)


Classical theory of income and employment: Quantity Theory of Money-Cambridge version.
Classical aggregate demand curve. Classical theory of interest rate. effect of fiscal and monetary
policy.

JO

Simple Keynesian model: goods and money market equilibrium, changes in equilibrium, muhiplier,
effect of fiscal and monetary policy; IS-LM model: properties of IS-LM curves, factors affecting the
position and slope of IS-LM curves, determination of equilibrium income and interest rates. effect of
monetary and fiscal policy; slopes of IS•LM curves and effectiveness of fiscal and monetary policies.

UnltJ (9houn)
Inflation: meaning; demand and supply side factors: natural rate theory; monetary policy-output and
inflation (monetarist view): Phillips curve: shon run and long run.

Unlt4 (12 houn)


Briefintroduction to Balance of Payment (BOP) account; market for foreign exchange and exchange
rate; monetary and fiscal policy in open economy; Mundell Fleming model: perfect capital mobility
and imperfect capital mobility under fixed and flexible exchange rate.

Essential/rttommtnded rtadings
1. Froyen. R. P. (20 I I): Macrocconomics-lheories and policies (8th Edition). Pearson.
2. Dornbusch and Fischer (2010): Macro economics (9th Edition).Tata McGraw Hitl.N
3. Gregory Mankiw (2010). Macro economics (7th Edition).Worth Publishers
4. Kautilya'sAnhashastra•The way of financial managemcnl and economic governance
(2012)(6th Edition) Jaico Publishing House

Notr: Eumination schemt and modt shall be as prescribed by the Examination Br■ncb,
Unlvtnlty of Delh~ from time to time.

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