Description

Macroeconomics – I

Vertical – 1 : Major

SYBA Semester III

Syllabus (As Per NEP 2020) w.e.f. the Academic Year 2025-26

Module 1 : Introduction to Macroeconomics (15 hours)
♦ Macroeconomics: Meaning, Nature, Scope and Importance and Limitations
♦ Macroeconomic Schools of Thought: Classical, New Classical, Keynesian, Monetarist, New Keynesian, Austrian
♦ Selected Macroeconomic Indicators: Economic Growth, Gross Domestic Product, Income and Savings Indicators, Consumer Spending Indicators, Prices and Inflation Indicators

Module 2 : Employment, Consumption and Trade Cycle (15 Hours)
♦ Say’s Law: Features, Implications, Criticism
♦ Effective Demand: ADF, ASF Factors Affecting and Determination of Employment and Output
♦ Consumption: Factors Affecting Consumption, Average and Marginal Propensity to Consume, Psychological Law of Consumption
♦ Trade Cycle: Features, Stages, and Limitations

Module 3 : Saving, Investment and Money (15 Hours)
♦ Saving: Savings Function, Properties of Average Propensity to Save and Marginal Propensity to Save, Role of Saving in Economic Growth. Practical Sums on Properties.
♦ Investment: Investment Function, Types, Factors Affecting MEC, Investment Multiplier Its Importance, Working, Leakages, and Limitations
♦ Demand for Money: Classical Approach, Keynesian and Monetary Approach.
♦ Supply of Money: Constituent, Factors Affecting, Velocity of Circulation of Money

Module 4 : Banking in India (15 Hours)
♦ Banking in India: Commercial Banking, Functions of Commercial Banks, Credit Creation, Balance Sheet of Commercial Bank, Development in Commercial Banking Sector in Post-Reform Period
♦ Central Bank: Its Role and Functions