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    Economics Syllabus

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    Economics Syllabus

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    5 views2 pages

    Economics Syllabus

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    Category III

    B.A. Programmes with Economics as Non-Major or Minor discipline

    CREDIT DISTRIBUTION, ELIGIBILITY AND PRE-REQUISITES OF THE COURSE

    Course title & Credits Credit distribution of the Eligibility


    Pre-
    Code course criteria requisite of
    Lecture Tutorial Practical/ the course
    Practice (if any)
    Introductory 4 3 1 0 Class XII NIL
    Macroeconomics pass
    ECON004

    Learning Objectives

    The Learning Objectives of this course are as follows:


    • To introduce students to the basic concepts of macroeconomics
    • To discuss the preliminary concepts associated with the determination and measurement
    of 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 Learning Outcomes of this course are as follows:


    • The students would be able to familarise 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.

    SYLLABUS OF DSC-3

    UNIT – I: Introduction to Macroeconomic issues and National Income Accounting (12 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; cur- rent, capital and financial
    accounts.

    UNIT – II: Money (10 Hours)


    Functions of money; quantity theory of money; demand for money; determination of money
    supply and demand; credit creation; tools of monetary policy.
    UNIT – III: Simple Theory of Income Determination (11 Hours)
    Classical and Keynesian systems; simple Keynesian model of income determination

    UNIT – IV: IS-LM Analysis and Aggregate Demand (12 Hours)


    Derivations of the IS and LM curves; fiscal and monetary multipliers; derivation of aggregate
    demand

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    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. (2006). Macroeconomics (6th edition). Pearson
    – Blanchard, O. (2017). Macroeconomics (7th edition). Pearson
    – Dornbusch, R., S. Fischer and R. Startz. Macroeconomics (6th edition). McGraw- Hill
    – Dornbusch, R., S. Fischer and R. Startz. Macroeconomics (11th edition). McGraw-
    Hill

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

    74 | P a g e

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