ANSAL INSTITUTE OF TECHNOLOGY, GURGAON Course Code: AECO 201 Course Title: Macro Economics Credits: 3 Faculty: Dr.

Meenal Sharma Jagtap Email: meenal.sharma@aitgurgaon.org Course Objectives The primary objective of the course is a. To familiarize the student with the basic concepts of macroeconomics b. To develop an insight about utilization of economics concept for better decision making in business Serial Topics Covered No. 1 Macroeconomic Analysis Basic concepts and definitions, national income concepts and measurement, Circular flow of income and expenditure. Learning Learning Outcome Methods s Evaluation No. Of Methods lectures

Outlining the PPT; Chalk & Practical 8 features and Talk Assignment significance to & Quiz describe the meaning and applicability and calculation of national income.

Determination of national income Classical theory of Explain classical output and employment, and Keynesian Keynesian theory of theory of income income determination (2 determination and sector, 3 sector and 4 describe the sector model), Change functioning of in aggregate demand multiplier and multiplier. Consumption and Investment Theories of aggregate consumption. Theory of investment and capital accumulation, Keynesian approach. Explain theories of consumption and various concepts of investment

Chalk & Talk Assignment 9 Brainstorming; & Quiz Learner led demonstration; Graph plotting.

Chalk & Talk; Assignment 7 & Quiz

Monetary and Fiscal policy Introduction, modern quantity theory of money, inflation and deflation, theories of inflation and unemployment, monetary and fiscal policy. Fundamentals of American Capitalism, role of government

Outline monetary PPT and fiscal policy. Explain the concept of inflation. Explain quantity theory of money Describe PPT; capitalism with Demonstration reference to America and explain the role of government.

Teaching/learning strategies: Lectures, Power point presentations, one-min start up review and concluding summary, one-minute paper, assignments and quizzes. Books recommended 1.Dwivedi D.N. Macro Economics (Text Book) Reference Books recommended 1.Edward Shapiro Macro Economics; TMH 2.Errol D Souza Macroeconomics; Pearson Education Evaluation Structure: S.No. 1. 2. 3. 4.

Criteria Minor Examination Major Examination Assignments/Quiz/ Class participation/Attendance Total

Weight age (Marks) 20 30 50 100