Course Contents
1. What Macroeconomics is about
Macroeconomic issues
Macroeconomic goals: growth, employment and price stability
2. Measuring a Nation’s Income
Income, expenditure and production method of measurement of national income
Difficulties of measurement
Component of GDP, Real vs Nominal GDP
Circular Flow of National Income in two and three sector economy
3. Measuring the cost of living
Measurement of consumer price index, GDP deflator
Correcting economic variables for the effects of inflation
4. Unemployment
Identifying unemployment
Why are there always some people unemployed?
5. Aggregate Demand and Aggregate Supply (Classical Model)
What brings the supply and demand for goods and services in equilibrium (classical Model)
Says law of market
Classical QTM, Cambridge Cash Balance Approach
Wage –price flexibility
Automatic Adjustment in Labor, Product and Money market at full employment (Derivation of Aggregate Supply)
Criticism
6. Aggregate Demand and Aggregate Supply (Keynesian Model)
Three key facts about economic fluctuations
Explaining short run economic fluctuations
The aggregate demand Curve
The aggregate supply Curve
Two causes of economic fluctuations
Course Synopsis
a) To make students aware of the working of economy on macro level
b) To make students familiar with the basic concepts of growth, unemployment and monetary system
Course Learning Outcomes
a) Students become aware of the working of economy at macro level
b) They got familiar with the macroeconomic concepts.
Download ppt of Chapter 1, 2, 23, 24,28 and 33 covering introduction to macroeconomics;Measuring a National Income;Measuring the cost of living;Unemployment;Aggregate Demand and Aggregate Supply (Keynesian Model)
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Circular Flow in three Sector Economy
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Says Law
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What macroeconomics is about
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Classical Model (Supply and Demand)
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Automatic Adjustment in Labor, Product and Money Market
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Classical QTM (Lecture & Exercise Chapter 30)
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Wage-Price Flexibility
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Classical QTM
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What Macroeconomics is about, Lecture 1& 2
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Measuring National Income, Lecture 4& 5
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Circular flow in Three sector economy, Lecture 30
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Measuring the cost of living, Lecture 6
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Unemployment, Lecture 33
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Classical Model (Supply and Demand)
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Says Law
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Automatic Adjustment in Labor, Product and Money Market
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Aggregate Demand and Aggregate Supply (Keynesian Model) Chapter& Exercise 33
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Measuring a Nation’s income (Lecture & Exercise Chapter 23)
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Measuring the cost of living Lecture & Exercise-Chapter 24)
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Unemployment (Lecture & exercise chapter 28)
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i. What brings the supply and demand for goods and services in equilibrium (Lecture & exercise chapter 25)
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Classical QTM (Lecture & Exercise Chapter 30)
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Measuring the cost of living Lecture & Exercise-Chapter 24)
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Book Title : Principles of Economics
Author : 3. N. Gregory Mankiw
Edition : 8th
Publisher : Worth Publisher
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Book Title : Macroeconomics
Author : 4. N. Gregory Mankiw
Edition : 7th
Publisher : Worth Publisher
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Book Title : Macroeconomics Theories and Policies
Author : Richard T. Froyen
Edition : 10th
Publisher : Pearson
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Title : What Macroeconomics is about
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Title : Measuring a Nation's Income
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Title : Measuring the Cost of Living
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Title : Unemployment
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Title : Classical Model (Supply and Demand)
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Title : Say's Law of Market
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Title : Classical QTM
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Title : Automatic Adjustment in Labor, Product and Money Market
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Title : Keynesian Model (Aggregate Demand and Aggregate Supply)
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Title : Wage-Price Flexibility_and_Criticism
Type : Other
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