K J Somaiya Institute of Management Studies & Research

Vidyanagar, Vidyavihar (E)

Mumbai - 400077
AOL SESSION PLAN
Program PGDM RM
Academic 2019-20
Batch 2019-21 Year

Dr. Shaila
Trimester/Semeste II Faculty
r Name Srivastava

Course Details Faculty

Contact
Faculty Email ID shaila@somaiya.edu 3103
Number

Course Title Macro Economics Course Code

Max Marks 100 Credits 1

Learning Goals (LGs):

MK MK**____ TO ____
GOALS to be ADDRESSED
CT **____ GA ***____

CS ____ ER ____
Indicate:
Program Specific Goals (PSGs):
* - Addresses Goals Barely
AOL SUMMARY ** - Addresses Goals Moderately
PSG 1 _____________
*** - Addresses Goals Strongly
PSG 2 _____________

GOAL to be ASSESSED*
GA
*Select only 1 Goal

INSTRUMENT Group Projects

Explanation of the The group projects/assignments students will collect and analyse secondary data
choice of methods and reports on economies of different countries to understand global
for assessment of macroeconomic environment and impact on business.
Learning Goals

OP/04/QR/01/QMS 1.0/ Session Plan/2019-20/Version 1.0/ Macro Economics 1 | P a g e

 K J Somaiya Institute of Management Studies & Research
Vidyanagar, Vidyavihar (E)
Mumbai - 400077
AOL SESSION PLAN
Student contact DAYS TIME
hours beyond Once in a week 1.5 hr
classroom:

The objectives of the course to:

• The course aims to imparting knowledge to students about how
macroeconomic environment/ variables affect the business and the economy.
Specifically it targets on imparting knowledge about how change in national
income, demographic features, international trade flows and government
policies affect any business operating in global environment.
• After completion of this course, the students will be able to apply the
macroeconomic principles and concepts in the business.
• The students will be able to assess and analyse the impact of changing
Course Objectives
government policies such as monetary and fiscal policy, etc. on economy in
and Outcomes
which modern businesses operates.
Enable students to get an overview of global economic environment,
developments over the years and challenges of economic growth &
development in the era of globalization.
• This course will enable students to identify strengths and weaknesses of
Indian economy in comparison with other economies and assess the impact
of changes in international trade, exchange rates and flow of resources on
Indian economy.

Upon completion of the course the students will be able to master the
Course Coverage/
following:
Topics relevant to
the Learning Goals
Apply the macroeconomics concepts and theories to critically analyze the
(LG)
business environment.(MK**)

Use macroeconomic indicators to identify strengths and weakness of Indian

Indicate extent to
economy in comparison with other economies. Evaluate the impact of the global
which the same is
economic forces such as inflow and outflow of capital, business cycles,
addressed for each
international trades and related policies on Indian business environment (GA***)
LG
* - Addresses the
Learning Goal
Assess the impact of government policies on business environment(CT**)
Barely
** - Addresses the
Learning objectives: The students will be able to apply and analyse the
Learning Goal
macroeconomic concepts learnt in the course to evaluate Indian business
Moderately
environment in the era of globalization.
*** - Addresses the
Learning Goal
Strongly
Pedagogy/Learning
OP/04/QR/01/QMS 1.0/ Session Plan/2019-20/Version 1.0/ Macro Economics 2 | P a g e
 K J Somaiya Institute of Management Studies & Research
Vidyanagar, Vidyavihar (E)
Mumbai - 400077
AOL SESSION PLAN
Methodology  Power point presentations
Indicative of  Interactive sessions
student-student  Case study analysis
interaction/  News analysis & review of articles
Student Activity/  Group Projects
Interaction/ Peer
Learning in form of
(Assignments, Quiz,
Group Project,
Group
Presentations, etc., )
Session Session Topics to be Covered Pre Readings/ Remarks
Plan No. Suggested
(1.5 hrs Readings / Cases
each)
1&2  Introduction to macroeconomics Macro Economics and
 Macroeconomic goals Policy for Managers,
 Business cycles & role of govt. ch.1 & 2
 National income
 Circular flow of NI

3&4  Measuring the national income Macro Economics and
 Concept of GDP, NDP, PI. DI etc. Policy for Managers,
 Sectoral Composition of NI in ch. 2
India**
5&6  Macroeconomic Framework Macro Economics and
 Aggregate supply and aggregate Policy for Managers,
demand ch.3 & 4
 Consumption Function
 Multiplier
7&8  Inflation: measurement, types & Case discussion &
impact Class notes
 Inflation-unemployment trade-off
and Phillips curve Macroeconomics,
 Unemployment: Causes & Dornbusch R., Fisher S.
measures and Startz R
 Inflation and unemployment in
India*
9 & 10  Role of money in economy, Macro Economics and
Demand and Supply of money Policy for Managers,
 Goods and money market, IS-LM ch.5 & 6
model
OP/04/QR/01/QMS 1.0/ Session Plan/2019-20/Version 1.0/ Macro Economics 3 | P a g e
 K J Somaiya Institute of Management Studies & Research
Vidyanagar, Vidyavihar (E)
Mumbai - 400077
AOL SESSION PLAN
 Deriving AD curve
 Monetary policy: objectives and
tools, Effectiveness of monetary
policy
 Fiscal policy and budget deficits &
Effectiveness of fiscal policy
 Analyzing India’s Monetary and
Fiscal policy*
11  Quiz / Class test

12 & 13  Trade & external sector Macro Economics and

 Exchange rate - Fixed and flexible Policy for Managers,
exchange rates ch.7
 Balance of Payments
 India’s trade balance, composition
and direction*
14, 15  Global Macroeconomic Macro Economics and
Environment & Policy Challenges Policy for Managers,
 Financial Markets , Indian Capital ch.8, 9, 11, 12
Markets
 Regulatory institution in India,
RBI, SEBI etc.
 Analysis of major Global Financial
Crises
16, 17  Economic data indicators & data Macro Economics and
analysis Policy for Managers,
 Forecasting Methods ch.10 & 13

18  Quiz / Class test /Revision

19, 20  Student’s project presentation

Required Text and Books/Journals/Magazines/ Author Publisher

Course Material Readings /Year/
Edition/
Other
Details

OP/04/QR/01/QMS 1.0/ Session Plan/2019-20/Version 1.0/ Macro Economics 4 | P a g e

 K J Somaiya Institute of Management Studies & Research
Vidyanagar, Vidyavihar (E)
Mumbai - 400077
AOL SESSION PLAN
1. Macro Economics and Policy for Dr. SNV Sivakumar & 1st edition,
Managers, Dr. Asha Prasuna 2018,
Cengage
Other readings: Publicatio
n
1. Dornbusch R., Fisher S. and Startz R.
(2004), Macroeconomics, Tata
McGraw Hill, Ninth Edition, (Reprint
2005)
2. Ahuja, H. L., Economic Environment
of Business, S. Chand (Reprint- 2010)
3. RBI: Handbook of Statistics on Indian
Economy, www.rbi.org.in
4. Ministry of Finance, Govt. of India
Economic Survey, Union Budget,
www.finmin.nic.in
5. World Trade Organization:
www.wto.org
6. IMF http://www.imf.org/
7. and World Bank reports
8. Government of India: Ministry of
Commerce and Industry:
http://dipp.nic.in

ASSESSMENT CRITERIA

End-Term Exam Date: ___________________________

Component Weightage Description

Continuous Assessment 50%
Group project 20%
Class test/ Case analysis 20%
Class attendance 10%
End-Term Exam 50%

Note
 Students with attendance below 75% will not be allowed to write the end-term examination

OP/04/QR/01/QMS 1.0/ Session Plan/2019-20/Version 1.0/ Macro Economics 5 | P a g e

 K J Somaiya Institute of Management Studies & Research
Vidyanagar, Vidyavihar (E)
Mumbai - 400077
AOL SESSION PLAN

LEARNING GOALS (LGs)

1. LG 1(MK) = Management Knowledge

2. LG 2(CT) = Critical Thinking
3. LG 3(CS) = Communication Skills
4. LG 4(TO) = Team Orientation
5. LG 5(GA) = Global Awareness
6. LG 6(ER) = Ethical Responsibility

PROGRAM SPECIFIC GOALS (PSGs)

PGDM PSG1(IT) = Integrative Thinking

PSG2(L) = Leadership
PGDM- International PSG1(EIB) = Expertise in International Business
Business PSG2(SCGE) =Strategies in Changing Global Environment
PGDM- Financial PSG1(IFS)=Understanding Indian Financial System
Services
PGDM- Retail PSG1(ITR) =Integrative Thinking in Retail
Management PSG2(CS)=Understanding Customer Service
PGDM- Executive PSG1(L) =Leadership
PGDM- PSG1(MIC) =Managing Integrated Internal and External Communication
Communications PSG2(IMCP)=Designing Integrated Marketing Communication Plan

OP/04/QR/01/QMS 1.0/ Session Plan/2019-20/Version 1.0/ Macro Economics 6 | P a g e