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    Macro Syllabi

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    Kanika katariya
    This document provides information on two generic elective courses offered by the Department of Economics: Principles of Macroeconomics I and Basic Statistics for Economics. For Principles of Macroeconomics I, the course is worth 4 credits and involves 3 hours of lectures and 1 hour of tutorials per week. It has no practical component. The course introduces basic macroeconomic concepts and theories regarding variables like GDP, consumption, investment, and balance of payments. Basic Statistics for Economics is also worth 4 credits and involves 3 hours of lectures and 1 hour of tutorials per week with no practical component. The course teaches probability theory and statistical inference, covering introductory probability, sampling distributions, and statistical analysis techniques. Both

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    Macro Syllabi

    Uploaded by

    Kanika katariya
    15 views2 pages
    This document provides information on two generic elective courses offered by the Department of Economics: Principles of Macroeconomics I and Basic Statistics for Economics. For Principles of Macroeconomics I, the course is worth 4 credits and involves 3 hours of lectures and 1 hour of tutorials per week. It has no practical component. The course introduces basic macroeconomic concepts and theories regarding variables like GDP, consumption, investment, and balance of payments. Basic Statistics for Economics is also worth 4 credits and involves 3 hours of lectures and 1 hour of tutorials per week with no practical component. The course teaches probability theory and statistical inference, covering introductory probability, sampling distributions, and statistical analysis techniques. Both

    Original Title

    MACRO SYLLABI

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    This document provides information on two generic elective courses offered by the Department of Economics: Principles of Macroeconomics I and Basic Statistics for Economics. For Principles of Macroeconomics I, the course is worth 4 credits and involves 3 hours of lectures and 1 hour of tutorials per week. It has no practical component. The course introduces basic macroeconomic concepts and theories regarding variables like GDP, consumption, investment, and balance of payments. Basic Statistics for Economics is also worth 4 credits and involves 3 hours of lectures and 1 hour of tutorials per week with no practical component. The course teaches probability theory and statistical inference, covering introductory probability, sampling distributions, and statistical analysis techniques. Both

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    15 views2 pages

    Macro Syllabi

    Uploaded by

    Kanika katariya
    This document provides information on two generic elective courses offered by the Department of Economics: Principles of Macroeconomics I and Basic Statistics for Economics. For Principles of Macroeconomics I, the course is worth 4 credits and involves 3 hours of lectures and 1 hour of tutorials per week. It has no practical component. The course introduces basic macroeconomic concepts and theories regarding variables like GDP, consumption, investment, and balance of payments. Basic Statistics for Economics is also worth 4 credits and involves 3 hours of lectures and 1 hour of tutorials per week with no practical component. The course teaches probability theory and statistical inference, covering introductory probability, sampling distributions, and statistical analysis techniques. Both

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    of 2

    Category-IV

    COMMON POOL OF GENERIC ELECTIVES (GE) COURSES OFFERED


    BY DEPARTMENT OF ECONOMICS

    CREDIT DISTRIBUTION, ELIGIBILITY AND PRE-REQUISITES OF THE COURSE

    Course title & Code Credits Credit distribution of the Eligibility Pre-requisite
    course criteria of the course

    GENERIC ELECTIVES (GE-4): PRINCIPLES OF MACROECONOMICS I

    Lecture Tutorial Practical/


    Practice
    Principles of 4 3 1 0 Class XII NIL
    Macroeconomics I pass
    ECON026

    Learning Objectives

    The Learning Objectives of this course are as follows:


    • This course introduces the basic concepts in Macroeconomics both in closed and open
    economy. It deals with the behaviour and characteristics of aggregate economy. This
    course introduces the definition, measurement of the macroeconomic variables like GDP,
    consumption, savings, investment and balance of payments. The course also discusses
    various theories and approaches of determining GDP.

    Learning outcomes

    The Learning Outcomes of this course are as follows:


    • The students will learn the broad understanding of macroeconomic variables and their
    measurement issues like GDP, inflation, money supply, interest rate and their inter-
    linkages. It will also allow them to critically evaluate various macroeconomic policies
    and their effects on output and interest rate in the economy.

    SYLLABUS OF GE-4

    UNIT – I: Introduction (05 Hours)


    What is macroeconomics? Macroeconomic issues in an economy

    UNIT – II: National Income Accounting (10 Hours)


    Concepts of GDP and National Income; measurement of national income and related aggregates;
    nominal and real income; limitations of the GDP concept
    UNIT – III: Determination of GDP (10 Hours)
    Actual and potential GDP; aggregate expenditure; consumption function; invest-
    ment function; equilibrium GDP; concepts of MPS, APS, MPC, APC; autonomous expenditure;
    Concept of multiplier
    75 | P a g e
    UNIT – IV: National Income Determination in an Open Economy with Government (10 Hours)
    Income determination; Fiscal Policy: impact of changes in government expenditure and taxes;
    net exports function; net exports and equilibrium national income.

    UNIT – V: Money in a Modern Economy (10 Hours)


    Concept of money in a modern economy; monetary aggregates; demand for money; quantity
    theory of money; liquidity preference and rate of interest; money supply and credit creation;
    monetary policy.

    Practical component (if any) - NIL

    Essential/recommended readings

    – Andrew Abel, Ben Bernanke and Dean Croushore (2011). Macroeconomics (7th
    edition). Pearson
    – Richard T. Froyen (2013). Macroeconomics: Theories and Policies (10th ed.),
    Pearson.
    – Blanchard, O. (2018). Macroeconomics (7th edition). Pearson
    – Blanchard, O. (2006). Macroeconomics (6th edition). Pearson
    – Dornbusch, R., and S. Fischer. (1994). Macroeconomics (6th edition). McGraw- Hill
    – R. Dornbusch, S. Fischer and R. Startz. (2018). Macroeconomics (12th edition).
    McGraw-Hill

    Note: Examination scheme and mode shall be as prescribed by the Examination Branch,
    University of Delhi, from time to time.

    GENERIC ELECTIVES (GE-5): BASIC STATISTICS FOR ECONOMICS

    CREDIT DISTRIBUTION, ELIGIBILITY AND PRE-REQUISITES OF THE


    COURSE

    Course title Credits Credit distribution of the course Eligibility


    Pre-requisite of
    & Code Lecture Tutorial Practical/ criteria the course
    Practice (if any)
    Basic 4 3 1 0 Class XII NIL
    Statistics for pass
    Economics
    ECON022

    Learning Objectives

    The Learning Objectives of this course are as follows:


    • The course teaches students the basics of probability theory and statistical inference
    based on simple technical rigor. It includes introductory probability theories, sample

    76 | P a g e

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