Principles of Macroeconomics I

Offered bySwayam

Principles of Macroeconomics I
at
Swayam
Overview

Key Concepts: Understanding National Economies

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

Principles of Macroeconomics I
at
Swayam
Highlights

Earn a certification from Maharshi Dayanand University, Rohtak
Learn from expert faculty

Principles of Macroeconomics I
at
Swayam
Course details

Who should do this course?

Undergraduate students pursuing degrees in economics, business administration, finance, or related fields

What are the course deliverables?

Various macroeconomic issues
The determinants of national income
The role of monetary and fiscal policies
The role of money in an economy

More about this course

Principles of Macroeconomics I introduces fundamental concepts of national economies
Topics include aggregate demand and supply, inflation, unemployment, fiscal and monetary policies, and economic growth
Through analysis of real-world data and models, students explore the dynamics shaping economies, preparing them for informed decision-making in various sectors

Principles of Macroeconomics I
at
Swayam
Curriculum

Week - 1

Nature and Scope of Macroeconomics

Importance and limitations of Macro Economics

Basic concepts of Macro Economics

Business cycles

Week - 2

Circular flow of National Income

National Income and related concepts

Concepts of National Income

Week - 3

Income and output methods of measurement of National Income

Expenditure method of measurement of National Income

Problems in measurement of National Income and its significance

Week - 4

Nominal GDP, Real GDP, Potential GDP, National Product and Economic Welfare.

Aggregate Demand/Expenditure

Aggregate Supply & Short Run Equilibrium through AD & AS

Week - 5

Consumption Function

Psychological Law of Consumption

Various Determinants of Consumption

Week - 6

Absolute Income Hypothesis and Relative Income Hypothesis

Permanent Income Hypothesis

Saving and Investment Function

Week - 7

Equilibrium GDP

Autonomous Expenditure and Multiplier

Features, Limitations, Leakages and significance of Multiplier

Week - 8

Fiscal Policy – Instruments, Objectives and Achievements

Fiscal Policy in a Developing Economy, Limitations and Types of Fiscal Policy

Impact of fiscal policy on demand side and supply side

Week - 9

Impact of Government Expenditure and Taxes on National Income

Net Exports and Equilibrium of National Income

Definition and Evolution of Money

Week - 10

Functions of Money

Types/Kinds of Money

Demand for Money

Week - 11

Fisher’s Quantity Theory of Money

Cash Balance Approach to the Quantity Theory

Milton Friedman’s Quantity Theory of Money

Week - 12

Keynesian Liquidity Preference Theory of Rate of Interest

Money supply

Credit creation

Week - 13

Monetary Policy and its Objectives

Methods of Credit Control

The Monetary Transmission Mechanism

Principles of Macroeconomics I
at
Swayam
Faculty details

Dr. Kamlesh Gakhar

Prof. Kamlesh Gakhar has served in the Institute of Management Studies and Research, Maharshi Dayanand University, Rohtak. She is Gold medallist in BA Hons (Economics) and MA (Economics) from Punjab University, Chandigarh. She did her Ph.D from MDU, Rohtak. She has teaching experience of 37 years including 27 years of PG experience and research.