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Kolhan University, Jharkhand
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Macro Economics
Kolhan University, Jharkhand, General Semester 2, Macro Economics Syllabus
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Unit - 1 Introduction to Macroeconomics and National Income Accounting
UNIT I
Introduction to Macroeconomics and National Income
1.1 Accounting Basic issues studied in macroeconomics
1.2 Measurement of Gross Domestic Product
1.3 The Circular Flow of Income and Expenditure
1.4 Real versus nominal GDP
1.5 Identity of National Income and Output
1.6 Balance of payments current and capital accounts
Unit - 2 Money
UNIT II
Money
2.1 Function of money in mixed economy
2.2 Quantitative Theory of Money
2.3 Cambridge Equation Fisher EquationCash balance approach of money
2.4 Determination of money supply demand credit creation tools of monetary policy.
Unit - 3 Inflation
UNIT III
Inflation
3.1 Inflation – types causes effects and control measures
3.2 Unemployment The tradeoff between inflation and unemployment
Unit - 4 The Closed Economy in the Short Run
UNIT IV
Closed Economy
4.1 Classical Approach
4.2 Keynes Theory of National Income
Unit - 5 Open Economy
UNIT V
Open Economy
5.1 Flow of goods and capital
5.2 Saving and investment in a small and a large open economy exchange rates
5.3 Mundell Fleming model with fixed and flexible prices in a small open economy with fixed and flexible exchange rates
5.4 Interest rates interest rates differential case of a large economy.
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Other Subjects of Semester-2-
Corporate accounting
Environmental science
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