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Introduction to Macroeconomics

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111 views5 pages

Introduction to Macroeconomics

Uploaded by

Bilal Adib
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

COURSE OUTLINE

Program = Bachelor in Business Administration (BBA)

Course Title = Macro Economics

Course Objectives:
For the formulation of useful economic policies for the nation, macro
economics is of the utmost significance. It is for more fruitful to regulate
aggregate employment and national income and to work out a national wage
policy. Macro analysis also occupies an important place in economic theory in
its pursuit of the solution of urgent economic problems. These problems relate
to aggregate output, employment and national income. Economic theories seek
to explain fluctuations in the level of income output and employment. Thus in
macro economics, students are able to study the economy in its dynamic aspect.
Sr. # Chapter No. Topics

 Introduction to macroeconomics
 Various definition of macro economics
 Objectives of macroeconomics
1.  Origin of macroeconomics
 Macroeconomics variables
 Scope of macroeconomics

Sr. # Chapter Topics


No.
2. 38  National income and its measurement
 Concept of national income
 Gross domestic product or national income
 Gross national product or income
 Net national product or income
 Personal income
 Disposable personal income
 Per capita income
 Measurement of national income
 Product or output method to measure national income
 Factor cost method to measure NI and
 Expenditure method to measure NI
 Circular flow of national income
 Problems in the way of measuring NI
 Importance of national income
 Factors affecting national income

 National income determination


 Concept of aggregate demand and supply
 Consumption function
 Marginal propensity to consume and
 Average propensity to consume
 Keynsian psychological law of consumption
3. 42  Properties of law of consumption
 Saving concepts
 Motives of saving
 Subjective considerations and
 Objective considerations
 Saving function
 Marginal and average propensity to consume
 Investment
 Concept of investment
 Types of investment
 Financial investment
 Real investment
 Investment function
 Induced investment
 Table and graph
4. 43  Autonomous investment
 Table and graph
 Determinants of investment
 Rate of interest
 Marginal efficiency of capital
 Factors affecting marginal efficiency of capital
 Investment multiplier concept
 Multiplier effect in table
 Accelerator effect concept
 Unemployment
 Concept of unemployment
 Types of unemployment
 Structural unemployment
5. 46  Seasonal unemployment
 Frictional unemployment
 Nature of unemployment in under-developed countries
 Fiscal and monetary policy for full employment
Unemployment rate
 Money
 Concept of money
 Barter system
 Difficulties of barter system
 Evolution of monetary system
 Kinds of money
 Commodity money
48  Metallic money
6.  Paper money
 Credit money
 Electronic or plastic money
 Functions of money
 Inflation
 Concept of inflation
 Types of inflation
 Demand pull inflation and cost push inflation
7.  Suppressed inflation
51
 Stagflation
 Phillps curve approach
 Causes of inflation
 Inflation rates
 Policies to control over inflation
 Central bank and monetary policy
 Commercial bank concept
 Commercial bank functions
 Central bank and its functions
8. 53  Monetary policy
 Objectives of monetary policy
 Tools of money policy
 Monetary policy in inflation and
 Deflation
 International Trade
 Concept of trade
 Imports and exports
 Types of international trade
 Balance of trade
 Balance of payments
 Balance of payments accounts
9 55  Current account and
 Capital account
 Favorable and unfavorable balance of payments
 Adverse b0p
 Causes of adverse BOP
 Export side causes and
 Import side causes
 Control over adverse BOP
 Public expenditures
 Causes of growth of public expenditures
 Types of expenditures
 Developmental public expenditures and
61  Non developmental public expenditures
10  Principles of public expenditures
 Effects of public expenditures on economy 61

 State Revenue
 Concept of state revenue
 Non tax revenue
 Price from state enterprises
 Fees
 Fines
11 62  Special assessment
 Donations
 Tax revenue
 Meaning of tax
 Direct and indirect taxes
 Custom, excise and sales taxes
 Impact and incidence of tax
 Tax systems
 Proportional tax
 Progressive tax and digressive tax
 Principles of taxes 62

 National Debt
 Concept of national debt
12  Classification of national debt
65
 Dead weight debt
 Productive or active debt
 Passive debt
 Redeemable and irredeemable debt
 Sources of national debt
 Internal source and
 External source of national debt
 Methods to repay national debt
 Sinking fund method
 Budget surplus method
 Debt conversion
 Terminal annuity
 Rescheduling
 Writing off loans and
 Repudiation
 Importance of national debt 65
Recommended Text Book: Modern Economic theory
Authors: KK Dewett
Edition: International Edition (Seventh Edition)
Principles of Economics
Authors: Paul A. Samuelson
Edition: Eighteenth Edition

Distribution of Marks
Internal Assessment External Assessment
Assignment Quizzes Others Midterm Total Terminal Total

10 10 5 25 50 50 100

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