Course Course Title: Principles of Macroeconomics Credits: 4

Code
JUAECO- Lectures/Week: 4
DSC301
Course de- The course will provide students the knowledge and understanding of the basic prin-
scription ciples of macroeconomics
Learning  To familiarize the students with basic macroeconomics principles and their rele-
objectives vance in policy making
 To briefly introduce students to Public Economics and International Economic
Theory
Course  This course will enable students to understand how macroeconomic concepts can
Outcomes be applied to analyze real world situations and find policy solutions
 The course will familiarize students with the basics of Public Economics and Inter-
national Economic Theory

THEORY 60

Sub Unit Unit – I: National Income Analysis 15 lectures

1. Concepts of National Income – GDP (real and nominal), GNP
& NNP; Per Capita Income & Disposable Income
Circular Flow of Income – Open and Closed Economy
2. Circular Flow of Income – Open and Closed Economy
3. Relationship between Productivity and Standard of living
Unit – II: Consumption, Savings and Investment 15 lectures
1. Say’s Law and Keynesian Revolution-Theory of Income &
Employment
2. Keynesian Consumption Function
3. Concepts of Investment Multiplier, Accelerator and Super
Multiplier
Unit – III: Public Economics 15 lectures
1. Meaning and Scope of Public Finance; Role of State
2. Public Revenue, Public Expenditure and Public Debt
3. Public Goods, Merit Goods and Common Resource Goods
Unit – IV: Fundamentals of International Trade 15 lectures
 1. Concepts of Absolute and Comparative Advantage in
International Trade
2. International Trade & Community Indifference Curve
3. Introduction to Interdependence and Gains from Trade
Evaluation Scheme

CAs – 20+20+10 marks

SEE – 50 marks

Distribution of marks*
Refer- 1) N. Gregory Mankiw, (2012), 8th edition, Principles of Economics, Worth Publish-
ences: ers
2) Dornbusch, (2010), 11th edition, Fischer and Startz, Macroeconomics, McGraw
Hill
3) Richard T. Froyen, 2013, 8th Edition, Macroeconomic Theories and Policies, Pear-
son
4) Vanita Agarwal, 2010, 1st Edition, Macroeconomics Theory and Policy, Pearson
5) Shapiro Edward (2013), 5th edition, Macroeconomic analysis, Galgotia Publica-
tions
6) Abel, A., Bernanke, B. (2016), 9th edition, Macroeconomics, Pearson Education
Rajesh K.Jha, (2012), 1st edition, Public Finance, Pearson

*Distribution of marks (SEE)

2
 UNIT KNOWLEDGE UNDERSTANDING APPLICATION TOTAL
MARKS

I 03 03 6.5 12.5

II 03 02 7.5 12.5

III 03 03 6.5 12.5

IV 03 04 5.5 12.5

TOTAL 12 12 26 50
MARKS
PER
OBJECT
IVE

% 24 24 52 100
WEIGH
TAGE

3
4