Macro Economics-BBA (4-0-2)


Dr. Madhumita Das


Core Courses

Course Attendees

Still no participant

Course Reviews

Still no reviews

Course Name : Macro Economics

Code(Credit) :CUTM1214 (4-0-2)

Course Objectives

  • Develop a macro-economic perspective
  • Understand macro-economic paradigms

Learning Outcome

  • Apply macroeconomic perspective to solve business problems

Course Syllabus

  • Unit I: Measurement of macroeconomic variables: National Income Accounts, Gross Domestic Product, National Income, Personal and Personal disposable income; Classical theory of income and employment: Quantity Theory of Money – Cambridge version, Classical aggregate demand curve, Classical theory of interest rate.
  • Unit II: Keynesian theory of Income and employment: Keynesian theory of Income and employment : simple Keynesian model, components of aggregate demand, equilibrium income, changes in equilibrium, multiplier (investment, Government expenditure, lump sum tax, foreign trade). 
    Unit III: Money: Functions of money, quantity theory of money, determination of money supply and demand, H theory of money multiplier, indicators and instruments of monetary control;
    Inflation: meaning, demand and supply side factors, consequences of inflation, anti-inflationary policies, natural rate theory, monetary policy-output and inflation, Phillips curve (short run and long run).
  • Unit IV: Open Economy: Brief introduction to BoP account, market for foreign exchange and exchange rate, monetary and fiscal policy in open economy.


Suggested Textbooks

1- Froyen, R. T., 'Macroeconomics', Theories and Policies, Pearson

2- Mankiw, G. N.,'Macroeconomics', Worth publishers

3- Dornbusch and Fischer, 'Macroeconomics', Tata McGraw Hill

Session Plan

Session 1

Session 2

Measurement of Macro Economic  Variables-National Income Accounts

Presentation: NAtional Income1

Video Link-

Session 3 & 4

Estimation of National Income

Study Material: National Income estimation

Session 5 & 6

Project 1: Students' Presentation on India's Growth Scenario Pre and Post COVID-19

Session 8 & 9

Project 2: Students' Presentation on Caselet

Caselet 1: Does the CPI overstate inflation?

Case study 1

Session 10

Perspective 1: What GDP is not

What GDP is not-converted

Session 13 & 14

Session 15 & 16

Classical theory of Money

Presentation: Classical Macroeconomics-Money


Session 17

Classical theory of the Interest Rate

Presentation:Classical theory of rate of interest

Session 18

Classical Theory of Aggregate Demand

Presentation:Classical Theory of Aggregate Demand


Session 20 & 21

Keynesian theory of Aggregate Demand

Presentation:The Components of Aggregate Demand


Session 24

Perspective 1: Macroeconomic Controversies

Session 25 & 26

Money and Interest Rate in the Keynesian System

Session 27

Multiplier-investment, Government expenditure

Session 28

Multiplier-Tax and Foreign Trade

Session 29

Perspective 2: The Financial Crisis of 2020: An Initial Look

Session 30

Keynes versus the Classics

Presentation and Video:

Session 31

The Reformulation of the Quantity Theory of Money

Session 32

Functions of Money

Presentaion: Money

Session 33 & 34

Determination of Money Supply and Money Demand

Presentation: Money

Session 35

Perspective 3:  Money in Hyperinflation

Session 36 & 37

Fiscal Policy

Session 38 & 39

Project 3: Students' Presentation on Union Budget of India

Session 40 & 41

Monetary Policy

Session 42 & 43

Project 4: Presentation on Indian Monetary Policy

Session 44

Money Multiplier Money Multiplier

Session 45

Inflation: meaning, demand and supply side factors


Session 46

Consequences of inflation, anti-inflationary policies

Presentation: Measures to Control Inflation

Session 47 & 48

Project 5: Case Study

Case Study  What Caused the Great Inflation?

Session 49

Natural rate theory

Session 50 & 51

Phillips Curve (Short Run and Long Run)

Session 52 & 53

Project 6: Case let

Caselet: Hyperinflation in Zimbabwe

Session 54

Balance of Payments Accounts

Presentation: Balance of Payments

Session 55 & 56

Project 7: Presentation on India's Balance of Payments Accounts


Session 57

Demand and Supply in the Foreign Exchange Market

Presentation: Foreign Exchange Market

Session 58

Exchange Rate Determination: Flexible Exchange Rates

Session 59

Exchange Rate Determination: Fixed Exchange Rates

Session 60 & 61

Project 8: Case Study Presentation

Case Study: The International Gold Standard

Session 64 & 65

Doubt clearing and Wrap up

Case Studies

Case Studies

Recent Comments

    Our Main Teachers

    Dr. Madhumita Das

    Assistant Professor

    “We are what we repTeacherseatedly do. Excellence, therefore, is not an act but a habit” I have received my  Ph.D. from the Department of HSS, Indian Institute of Technology (IIT) Kharagpur. Prior to my Ph.D., I also have degrees in M.Phil. in Economics (2007) and MA in Economics (2005), both from Ravenshaw University, Odisha. Throughout my […]