This Subject Includes

  • Course No: HS 125
  • Course:
  • Semester: IV
  • Title: Macroeconomics
  • Stream: Economics
  • Description:

    Macroeconomics: concepts and aggregates, national income accounting, circular flow of income and production in two-three-four sector economy; Consumption and investment spending: IS-LM model, Classical and Keynesian models; Stabilization policies: inflation and unemployment, wage-unemployment relationship, rational expectations; Monetary and fiscal policy: role of multiplier, balance of payments, role of central bank; Business cycles: recession, depression, hyperinflation and deficits. 

    Texts:

    1. R. Dornbusch, S. Fischer, and R. Startz, Macroeconomics, Tata McGraw Hill, 9th edition, 2006

    2. E. Shapiro, Macroeconomic Analysis, Galgotia Publications (P) Limited, 5th edition, 2006

    References:

    1. R. J. Barro, Macroeconomics, MIT Press, 5th edition, 1997

    2. R. T. Kaufman and N. G. Mankiw, Macroeconomics, Worth Publishers, 6th edition, 2006

  • Text:

    R. Dornbusch, S. Fischer, and R. Startz, Macroeconomics, Tata McGraw Hill, 9th edition, 2006^$^E. Shapiro, Macroeconomic Analysis, Galgotia Publications (P) Limited, 5th edition, 2006

  • Course References:

    R. J. Barro, Macroeconomics, MIT Press, 5th edition, 1997^$^ R. T. Kaufman and N. G. Mankiw, Macroeconomics, Worth Publishers, 6th edition, 2006