MEARS-R11

MEARS-R11
(PGDM-RM 2011-13 : Term-II)

Xavier Institute of Management Prof. S.P. Das

Bhubaneswar

PGDM (RM – I), TERM – II, CLASS – 2011-2013

Macro Economic Analysis For Rural Society (MEARS)

COURSE OUTLINE

Course Objective:

With the basic understanding of the theories of the firms (that deal with the operational issues within the firms), this course is designed to make a systematic coverage of fundamental concepts and relationships among various macro-economic entities. This course provides 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).

The course focuses primarily on 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.

The major purpose of this course is to enable the management students 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.

Course Contents:

	*Contents*	*No. of Sessions*
1.	Introduction of Macro Economics	1
2.	Overview - How do we measure an Economy's progress?	3
3.	Fundamentals of Macro-Economic Models -The classical approach	1
4.	Fundamentals of Macro-Economic Models - The Keynesian Approach	2
5.	Business Fluctuations - What and Why	2
6.	Inflation - Causes and Cures	1
7.	The twin traps - Inflation and Unemployment	2
8.	Money - Nature, Function and Creation of Money	1
9.	Banking - Creation and Control of Credit and Role of Monetary Policy	2
10.	Function of Government - How much should Governments do?	1
11.	Public Revenue and Public Expenditure	2
12.	International Trade and Balance of Payments	2
	Total No. of Sessions	20

Books Prescribed for Reference:

	Name of Author		Books for Reference
1	Andrew B Abel & Ben S Bernanke	-	Macro Economics
2	PN Joshi and MG Kocher	-	Finance and Trade
3	Campbell R Meconnel & Harish C Gupta	-	Introduction to Macro Economics
4	Cambell R Meconnel	-	Economics
5	Willian P. Albreeth, Jr.	-	Macro Economics Principles
6	William H Branson	-	Macro Economics Theory & Policy
7	George Leland Bach	-	Macro Economics - Analysis, Decision Making & Policy
8	JC Poindester	-	Macro Economics
9	W Duncan Reekie	-	Macro Economics for Managers
10	Lloyd G Reynolds	-	Macro Economics
11	Milton H Spencer	-	Contemporary Economics
12	Myron B Slovin & Marie E Sushka	-	Macro Economics for Managers
13	Richard T Froyen	-	Macro Economics
14	David Gowland	-	Money, Inflation and Unemployment
15	William J Baurnol & Alen S Blinder	-	Economics
16	Roger N Wand	-	Economics
17	Stephen M Goldfield & Lester V Chandler	-	The Economics of Money and Banking
18	BO Sodersten	-	International Economics
19	Paul A Samuelson & William D Nordtaus	-	Economics
20	Richard T Froyen	-	Macro Economics, Theories & Policies

Evaluation:

Quizzes - 20%

Mid Term - 30%

End Term - 40%

Assignment - 10%

Created By: Hemanta Ranjan Deo on 09/06/2011 at 01:50 PM
Category: PGPRM-I Doctype: Document

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