Syllabus (ECONOMICS)

Course Type: ME-3

Semester: 3

Course Code: BECOMEB23T

Course Title: Macroeconomics

(L-P-Tu): 3-0-1

Credit: 4

Practical/Theory: Theory

Course Objective:

Learning Outcome: Course Objective: To give basic ideas of general macroeconomics. The minor paper will create interest among the learners to understand basic macroeconomic units Course Specific Outcome: The learners will enjoy the course with understanding of performance

1. National Income: (10)

Definition and Concepts of GNP, GDP; National Income Accounting; Unemployment, and Cost of Living; Measurement of National Income; Circular Flow of Income

2. Theory of Consumption and Investment: (15)

Consumption Function and its Determinants; APC and MPC; Life Cycle Hypothesis; Consumption under Uncertainty; Capital vs Investment; MEC; Investment Multiplier

3. Simple Keynesian Model: (10)

Effective Demand; SKM Model: Savings Investment equality; Equilibrium Income determination; Keynesian Multiplier

4. Money and Inflation: (15)

Evolution of Money; Definitions of Money and Determinants of Money Supply; Commercial and Central Bank; Money Multiplier and Central Bank’s role in controlling money supply; Quantity theory of money; Inflation and its costs

5. Open Economy: (10)

Balance of Payments, exchange rates, and capital flow; Terms of Trade; Absolute and Relative Theory

Reading References:

► Dornbusch, Fischer and Startz, 2010, Macroeconomics, McGraw Hill, 11^th edition.
► N. Gregory Mankiw, 2015, Principles of Macroeconomics, Indian Imprint of South Western by Cengage India, 6^th edition.

► Richard T. Froyen, 2005, Macroeconomics, Pearson Education Asia, 2^nd edition.

► Andrew B. Abel and Ben S. Bernanke, 2011, Macroeconomics, Pearson Education Inc., 7^th edition.
► J.R.Hicks, 1960, The Social Framework: An Introduction to Economics, Clarendon Press, 3^rd Edition.

► Sikdar Soumyen, Principles of Macroeconomics, Oxford University Press

►Sampat Mukherjee and Debes Mukherjee, 2011, Samakalin Arthabidya, New Central Book Agency.

►Debasis Mazumder, 2011, Byastigoto-O-Samastigoto Arthaniti, ABS Publishing House.