Assam University BA Economics Syllabus 3rd sem MACRO ECONOMICS-I 301

THIRD SEMESTER PASS COURSE (B.AJB.Sc.) Paper- ECOP 301 : MACRO ECONOMICS-I Full Marks: 50 Pass Marks: 17 UNIT - I Concepts of...

THIRD SEMESTER

PASS COURSE (B.AJB.Sc.)

Paper- ECOP 301 : MACRO ECONOMICS-I

Full Marks: 50

Pass Marks: 17

UNIT - I

Concepts of Macro Economics:
Nature and Scope of Macroeconomics; Concepts and Measurement, GNP, NNP, NI, GDP GN Deflator, relation between national income and welfare- national income accounting.

UNIT - II

Theories of Income and Employment:
Classical and neo-classical approach to the theory of price, output and employment—Determination Price flexibility and full employment — Say’s law of Markets and Quantity ‘!. Df Money. (20 hours)

UNIT - III

Basics of Keynesian Macroeconomics (A):
Keynesian theory of income and employment, the Keynesian approach to the determination of prices, output and employment, the determination of the level of income. (20 hours)

UNIT - IV

Basics of Keynesian Macroeconomics (B):
The consumption function, the multiplier and the accelerator. (20 hours)

UNIT - V

Money and Banking (A)
Money - Functions and different concepts of Money (M1-M3); Central Banking, ccs of the Central Bank. (20 hours)

Readings

Cit Books
Gopal Tribedi: Introduction to Macroeconomics, Academic Publishers, Calcutta.
S. B. Gupta : Monetary Economics, S. Chand & Co. New Delhi.
: B. Sodersten : Internatioanl Econorñics, Macmillan Press, New York.
- Lipsey and Chrystal : Ecoinomics : Tenth edition, Oxford.
References
- J. L Hansen: Monetary Theory and Practice.
W. H. Branson : Macro Economic Theory and Policy, AITBS Publishers, Delhi.
R. S. Sayers : Modern Banking.