Assam University BA Economics Syllabus 4th sem MACRO ECONOMICS-II 401

FOURTH SEMESTER  PASS COURSE (B.AJB.Sc.)  Paper-ECOP 401 : MACRO ECONOMICS-il  Full Marks: 50  Pass Marks: 17  Unit-I  Money a...

FOURTH SEMESTER 

PASS COURSE (B.AJB.Sc.) 

Paper-ECOP 401 : MACRO ECONOMICS-il 

Full Marks: 50 

Pass Marks: 17 

Unit-I 

Money and Banking (B)
Commercial Banks and Credit creation, monetary policy, regulatory and developmental role of R.B.I. (20 hours)

Unit-IT 

Inflation and Unemployment
Basic concept and types of inflation, the concept of inflationary gap, instruments of inflation control. (20 hours)

Unit-Ill 

International Trade and Institutions
Comparative cost doctrine, Ohlin’s theory, terms of trade, free trade and protection IMF, IBRD. (20 hours)

Unit-TV 

Balance of Payments
Components, determination of the rate of exchange under different systems, tl significance of disequilibrium in the balance of payments, methods of correcting tl disequilibrium. (20 hours)

Unit-V 

Taxation and Public Expenditure
Principles of Taxation, Direct and Indirect taxation, Progressive taxation, Burden o public debt, Public expenditure-types. (20 hours)

Basic Readings 

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