Syllabus
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Course Code: CC-3 IN-ECX-202 Course Name: Macro Economics-II |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | (i-a) Aggregate demand, aggregate supply and the price level: the aggregate demand curve; short and long run aggregate curves; Derivation of Aggregate Demand Curve, Shift in Aggregate Demand Curve and Multiplier Effect (i-b) Aggregate Supply: Short Run and Long Run Aggregate supply curve, Derivation of Aggregate Supply Curve, Shift in Aggregate Supply Curve. AD-AS Model: Friedman’s Natural Rate Hypothesis |
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| 2 | (ii-a) Fluctuations in Value of money: Inflation- Concept, types-Demand pull, and Cost- push, Measurement of Inflation(price-index) (ii-b) Philips Curve, Policy-measures; Deflation-nature, causes, and policy-measures |
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| 3 | (iii-a) Rate of Interest: Classical, Keynesian and IS-LM Analysis. IS – LM Model: commodity market equilibrium and the IS curve, money market equilibrium and the LM curve (iii-b) macroeconomic equilibrium and the adjustment process: Monetary& Fiscal Policy co-ordination |
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| 4 | (iv-a) Trade Cycles-nature, characteristics (iv-b) Theories of trade cycles-Hicks, Samuelson and Kaldor; Policy-measures. |
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