Course Title: Macro Economics Credit Units: 4

Course Level: UG Course Code: ECON135

Course Objectives:

Annexure ‘CD – 01’

L T P/S SW/F TOTALW CREDIT

UNITS3- 1 - - 4

This course introduces students to the basic concepts of macroeconomics. The aim is to equip the students with various theories of income determination, money supply, finance and revenue. Some relevant policy issues will be covered as well.

Pre-requisites:NilStudent Learning Outcomes:

Course Contents/Syllabus:Weightage (%)

Module I National Income 20

National Income- Meaning of national income. Concept of national income at current price, constant price, market price and factor cost.

Module II Theory of Money 20

Theory of Money - Fisher’s and Keynesian quantity theory of money. Demand for money and Keynesian Liquidity Preference Theory ofInterest

Module III Central and Commercial Bank 20

Central and Commercial Bank - Principles of Central Bank. Functions of central bank. Method of credit control. Functions of commercialbanks. Method of credit creation.

Module IV Inflation 20

Concept of inflation. Nature and causes of inflation.

Module V Theory of Public Finance 20

Theory of Public Finance - Public expenditure, Public revenue. Sources of public revenue. Basic concept of tax and types of tax. Incidence oftaxation. Direct and Indirect Tax.

On successful completion of the course, students will be able to

Have requisite understanding of the basic concepts of National Income and Public Finance Students will comprehensively understand, interpret, compare & contrast, explain the role of banks . Analyze the reasons underlying the phenomenon of inflation .

Pedagogy for Course Delivery:

Traditional classroom teaching shall be used for developing the concepts. Extensive use of case studies shall be made to develop practical approach and inclination. Innovative discussions shall be carried out in class so that students learn to think liberally using current knowledge base.

Assessment/ Examination Scheme:

Theory L/T (%) Lab/Practical/Studio (%) End Term Examination

100 100

Theory Assessment (L&T):Continuous Assessment/Internal Assessment End Term Examination

Components (Drop down)

Mid-Term Exam Assignment Test Attendance

Weightage (%)

15% 5% 5% 5% 70%

Text Reading:

H.L. Ahuja – Microeconomics, S. Chand & Co. Ltd., New Delhi. Bradley R. Schiller – The Economy Today, Mc-Graw Hill Inc. International Edition. Ruddar Datt & K.P.M. Sundhram – Indian Economy, 53rd edition, S. Chand

References: Samuelson & Nordhaus – Economics, Tata Mc-Graw Hill Publishing Co. Ltd., New Delhi.