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NMIMSSBM:CourseDescription

CourseCode CourseTitle Course Instructor/s CreditValue Programme& Trimester Prerequisite CourseLearning Objectives(CLOs) EvaluationPattern Macroeconomicanalysisandpolicies Dr.SangitaKamdar,Dr.ChandrimaSikdar,Prof.SauvikDhar 3 FTMBAIyrTrimesterII None a. Provideanunderstandingofthebasicmacroeconomicconceptsandtheories.(PLO2b) b. Relatethetechniquesandtoolstorealworldeconomytounderstandthebusiness environmentinIndia.(PLO2b) Groupproject/case 10% Quiz 10% Individualmidtermtest 30% Endterm 50% Session1 Topic:Limitsoftheinvisiblehand.Theroleandfunctionsofthegovernment. IntroductiontomacroeconomicthoughtClassical,Keynesianand Monetarism.Supplysideeconomics Read:SamuelsonPaulandWilliamNordhaus,Chapter16,19A Session2 Topic:Objectivesofmacroeconomicpolicy Aggregateincomeandwelfare. Inflation,employmentandbalanceofpayments. Abriefdiscussionofeachpolicyobjective.Conflictinobjectives.Toolsof macroeconomicpolicymonetaryandfiscalpolicies. Read:TextChapter1. SlomanJohnandMarkSutcliffe,EconomicsforBusiness,PearsonEducation, Chapter26 Session3 Topic:Aggregateincome:Incomeandoutput,Circularflowofincomeand expenditurefactorandcommoditymarkets,realandmoneyflows. 3waysofmeasuringeconomicactivity. Read:TextChapter1 Session4 Topic:MeasuringAggregateIncome:GDP,GNP,RealandNominalGDP, Nationalincome.GDPDeflator.Incomeandwelfare.Omissionsinthe measurementofaggregateincome. Read:TextChapter1 Casestudy:GDPfetishism Session5 EconomicGrowth:Factorsdeterminingeconomicgrowthquantumof resourcesandproductivity,socialandpoliticalfactorsindetermining economicactivity.Economicgrowthandbusinesscycles. Read:SamuelsonPaulandWilliamNordhaus, Session6 Quiz:10marks StructuralchangesintheIndianeconomy:Manufacturingandservicesled development. EconomicreformsandtheHindugrowthrate. Read:ICRIERWorkingPaper225,2008 Session7 Topic:Inflation,causesofinflation,measurement,theIndiancontext Read:SamuelsonPaulandWilliamNordhaus,Chapter20,30andtheir

SessionPlan


appendices Topic:Objectivesofeconomicpolicy:Unemployment,theoriesexplaining unemployment,measurement,unemploymentintheIndiancontext Read:SamuelsonPaulandWilliamNordhaus,Chapter29anditsappendix MankiwChapter6 Session9 Topic:Savings,ConsumptionandInvestmentbehaviorinIndia. Read:TextChapter2,3and4 Session10 Topic:TheKeynesianCrossandtheFiscalMultiplier Read:SamuelsonPaulandWilliamNordhaus,Chapter22 Session11 Topic:DemandforMoney Read:TextChapter6 Session12 Topic:MoneySupply Creditcreationbycommercialbanks. Techniquesofmonetarycontrolandmonetarypolicyobjectives Read:TextChapter13 SamuelsonPaulandWilliamNordhaus,Chapter23 Session13 Topic:TheISLMmodel Read:MacroeconomicsbyGregoryMankiwChapter10/Handout Session14 Topic:ISLMandfiscalandmonetarypolicy crowdingout,monetary transmissionmechanism Session15 Topic:ADASmodelanddeterminationofpricesandoutput Read:TextChapter9 Session16 Topic:Inflation,PhillipsCurve Read:SamuelsonPaulandWilliamNordhaus,Chapter30 Session17 Topic:Governmenttaxation,expenditure,FiscaldeficitandPublicDebt Read:ShyamalRoyChapter4 Session18 HBSCase:Indiaonthemove.RichardVietorandEmilyThompson Session19 LearningsontheIndianeconomicscenario:Implicationsformanagerial decisionmaking Read:RoyChapter7 Session20 Reviewandconcludingremarks Lecturesandclassdiscussions,casestudieswhenindicatedinthecourseoutlineandreading relevantarticlesinthenewspapers. Session8

Teaching/ Learning Methodology Assessment methodsin Alignmentwith Intendedlearning outcomes

Specificassessmentmethods/tasks %weighting Intendedsubjectlearningoutcomes tobeassessed(Pleasetickas appropriate) a b

Groupproject/case Quiz Individualmidtermtest Endterm

10 10 30 50

TextBook/ ReadingListand References

Text:DSouzaErrol,Macroeconomics,Pearson References SamuelsonPaulandWilliamNordhaus,Economics,19thedition,TataMcGrawHill Publication BlanchardOlivier,Macroeconomics,Pearson,4thedition MankiwGregory,Macroeconomics,Worth,5thedition


InternetReferences:Asgivenatthebackofthetext.Casebookreferences:

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ProgramChairperson

DeanSBM