MEAP EM-16

MEAP EM-16
1yr MBA-Executive 2016-17 T-II

Course Name : Macro Economics

Credits	03
Faculty Name	Prof.S.P.Das
Program	Ex MBA
Academic Year and Term	2016 – 17, Term – II

1. Course Description

This course is designed to make a systematic coverage of fundamental concepts and relationships among various macro-economic entities and to provide a basic understanding of the theories and principles relating to the macro-economic environment (that deal with the external or environmental issues operating outside the firms).

2. Student Learning Outcomes

· Be able to develop an understanding of the theories of the firms that deal with the operational issues within the firms.
· Be able to develop an understanding of the theories and principles relating to the macro-economic environment.
· Be able to know how an economy functions, the reasons for macro-economic fluctuations and the corrective measures taken from various spheres such as monetary, fiscal and inter-national trade.
· Be able to develop a familiarity with the fundamentals of macro-economic principles; understand the complexity and implications of fluctuations in macro-economic entities; and relate such changes to the changes in the socio-economic environment.

3. Required Text Books and Reading Material

Some of the selected text books which are recommended for the reference of students are as follows. Apart from this, reading materials are also being provided to the students from time to time.

- Introduction to Macro Economics by Campbell R Meconnel & Harish C Gupta
- Economics by Paul A Samuelson & William D Nordtaus
- Principles of Macroeconomics by N. Gregory Mankiw
- Macro Economics Theory & Policy William H Branson
- Contemporary Economics by Milton H Spencer
- Macro Economics, Theories & Policies by Richard T Froyen

4. Tentative Session Plan

Session No.	Topics/Activities	Reading/case list etc.
1	Introduction of Macro Economics	Prescribed books and journals are available in XIM Library which can be referred. Over and above related handouts will also be distributed during the classes for better understanding of students.
2	Overview - How do we measure an Economy's progress?
3	Fundamentals of Macro-Economic Models -The classical approach
4	Fundamentals of Macro-Economic Models - The Keynesian Approach
5	Business Fluctuations - What and Why
6	Inflation - Causes and Cures
7	The twin traps - Inflation and Unemployment
8	Money - Nature, Function and Creation of Money
9	Banking - Creation and Control of Credit and Role of Monetary Policy
10	Public Revenue and Public Expenditure
11	International Trade and Balance of Payments
12	Summing up

5. Evaluation: Quizzes - 20%
Midterm - 30%
End term - 30%
Assignment - 20%

6. Academic Integrity : Any kind of academic dishonesty viz. exchange of remarks, notes, gestures or glances at another student’s paper in the examination hall will lead to disciplinary action against the person involved in such dishonest activities. The volume of disciplinary action depends on the gravity of the offence.

Created By: Alora Kar on 07/14/2016 at 10:15 AM
Category: MBA(Exe.)16-T-II Doctype: Document

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