Intermediate Macroeconomics-II

Offered bySwayam

Intermediate Macroeconomics-II
at
Swayam
Overview

Advanced Macroeconomic Analysis: Exploring Growth, Fluctuations, Policy, and Global Dynamics for Intermediate-Level Students

Duration	15 weeks
Start from	Start Now
Mode of learning	Online
Difficulty level	Beginner
Official Website	Go to Website
Credential	Certificate

Intermediate Macroeconomics-II
at
Swayam
Highlights

Earn a certification from University of Mysore
Learn from expert faculty

Intermediate Macroeconomics-II
at
Swayam
Course details

Who should do this course?

Undergraduate students who have already completed introductory courses in macroeconomics

What are the course deliverables?

Ability to understand the different macroeconomic growth and development models
Ability to understand the different concepts and theories of Macroeconomics
Ability to understand Classical Macroeconomic Model
Ability to analyse policy implications of various macroeconomic models

More about this course

Macroeconomics or aggregate economics analyses and establishes the functional relationship between the large aggregates
The aggregate analysis has assumed such a great significance in recent times that a prior understanding of macroeconomic theoretical structure is considered essential for the proper comprehension of the different issues and policies
Macroeconomics is not only a scientific method of analysis but also a body of empirical economic knowledge

Intermediate Macroeconomics-II
at
Swayam
Curriculum

First Week

Economic growth models – Harrod model

Domar growth model

Solow model

Solowian convergence

Second Week

Golden rule of accumulation

Steady state-properties

Endogeneous growth model by AK Sen

Endogeneous growth model by Romar

Third Week

Policy implications of Endogeneous growth models

Classical Macroeconomics – Assumptions

Say’s law of markets

Classical theory of employment

Fourth Week

Wage-cut policy

Keynesian theory of employment – the principle of effective demand, aggregate demand and aggregate supply

Consumption function- concepts-APC, MPC, APS, MPS

Keynesian psychological law of consumption and its implications

Fifth Week

Determinants of consumption function

Theories of consumption function – absolute income hypothesis

The consumption puzzle

Drift theory of consumption

Sixth Week

Relative income hypothesis

Life cycle hypothesis

Permanent income hypothesis

Random walk hypothesis

Seventh Week

Fisher’s theory of optimal inter-temporal choice

Investment –different types –business fixed, residential and inventory investment

Autonomous and induced investment, MEC, investment multiplier

Accelerator principle and super multiplier

Eighth Week

New theories of investment – accelerator theory, flexible accelerator theory, Tobin’s Q theory, Financial theory of investment

Demand for money- classical approach (quantity theory of money- cash transactions approach)

Quantity theory of money- cash balance approach

The Keynesian approach (liquidity preference theory )

Ninth Week

Keynesian liquidity trap

Post Keynesian approaches to demand for money- A) Baumol’s inventory theoretic approach

B) Tobin’s portfolio selection model

Monetary policy-meaning and objectives or goals

Tenth Week

Instruments of monetary policy

Expansionary monetary policy and restrictive monetary policy

Rules versus discretion in monetary policy

Fiscal policy- meaning and objectives or goals

Intermediate Macroeconomics-II
at
Swayam
Faculty details

Dr. Navitha Thimmaiah

Dr. Navitha Thimmaiah possesses extensive teaching experience spanning over 20 years, specializing in areas such as Theory of Econometrics, Applied Econometrics, Research Methodology, Statistics for Economics, Mathematics for Economics, Microeconomics, and Macroeconomics. As a certified trainer and resource person, she has contributed her expertise to esteemed institutions including the Administrative Training Institute, Karnataka Police Academy, Fiscal Policy Institute, State Institute of Urban Development, and ANSSIRD.