T. A.
PAI MANAGEMENT INSTITUTE (TAPMI), MANIPAL
MACRO ECONOMICS
Programme: PGDM
Batch: 2019-2021
Term: 2
Course Name: Macro Economics – ECO 5002
Credits: 2 (20 hours)
Course Instructor: Prof. Sulagna Mukherjee (Core), Prof. Rajasulochana S (Core),
Prof. Abhishek Kumar Rohit (Core)
PART 1
INTRODUCTION
Macroeconomics is that branch of economics which deals with the subject matter of aggregate
economic behavior. Unlike microeconomics, which deals with disaggregated individual decision
makers, macroeconomics considers the entire economy as an indivisible unit. Since no business
can operate in isolation, awareness of various macroeconomic parameters is a pre-requisite for
businesses to flourish. The course intends to offer conceptual as well as working knowledge on
macroeconomic environment integrating economic relations among government, businesses
and international institutions.
COURSE OBJECTIVES (CO)
1. Analyze important macroeconomic parameters like GDP, Inflation, Unemployment,
Economic Growth, Balance of Payments, Exchange and Interest Rates.
2. Critically examine the macroeconomic policy environment for business decisions.
1
COURSE LEARNING OUTCOMES (CLO)
After completion of the course, the student will be able to
CLO 1: Analyze the trends and pattern of national income (PLG 1).
CLO 2: Construct the IS-LM-BP model to illustrate macroeconomic problems and potential fiscal
policy and monetary policy solutions (PLG 2).
COURSE CONTENT
National Income Accounting
Aggregate Demand: Output, Income and Spending
Aggregate Supply: Wages, Prices and Unemployment
Money, Interest, and Income
Monetary and Fiscal Policy
Open Economy Macroeconomics
PRESCRIBED TEXT BOOKS:
RudigerDornbusch, Stanley Fischer and Richard Startz“Macroeconomics”, (12th Edition, 2015),
McGraw Hill Education (India) Private Limited
POLICY ON PLAGIARISM:
As per the guidelines in PGP Handbook.
ASSESSMENT SCHEME AND WEIGHTAGE:
{A} END-TERM
Duration
Evaluation Weightage (%) Open/close Book CLO Tested
(in minutes)
Mid-Term 30 90 Minutes Closed book CLO 1 & CLO 2
End-Term 40 120 minutes Closed book CLO 1 & CLO 2
{B} OTHER EVALUATIONS
Unit of
S. No. Evaluation Item* Weight Time CLO
Evaluation
1 Quiz1 Individual 12.5% After 5th session CLO 1
2 Quiz 2 Individual 12.5 % After 11th session CLO 2
3 Class Participation Individual 5% On 14thsession CLO 1 and CLO 2
2
PART 2: SESSION PLAN
Session No Topic (s) Pedagogy Reading
Introduction and
1 Discussion Chapter 1
National Income Accounting
National Income Accounting
2 Discussion Chapter 2
(Continued)
Aggregate Demand: Output, Income
3 Discussion Chapter 9
and Spending
Aggregate Demand: Output, Income
4 Discussion Chapter 9
and Spending (Continued)
5 Money, Interest, and Income Discussion Chapter 10
Quiz 1 (Wt - 12.5 %)
Money, Interest, and Income
6 Discussion Chapter 10
(Continued)
7 Monetary and Fiscal Policy Discussion Chapter 11
8 BOP and Exchange Rate Discussion Chapter 12
BOP and Exchange Rate
9 Discussion Chapter 12
(Continued)
Open Economy Macroeconomics
10 Discussion Chapter 12
(Continued)
Open Economy Macroeconomics
11 Discussion Chapter 12
(Continued)
Quiz 2 (Wt - 12.5 %)
Aggregate Supply: Wages, Prices and
12 Discussion Chapter 6
Unemployment
Aggregate Supply: Wages, Prices and
13 Unemployment Discussion Chapter 6
(Continued)
India’s
Demonetization :
14 Case Discussion -----
Purging Black
Money?
3
Data on Indian Economy:
Economic Survey, Various Issues, Government of India.
Handbook of Statistics on Indian Economy, Reserve Bank of India.
Center for Monitoring Indian Economy (CMIE), Various Issues.
Important Websites:
http://india.gov.in/
http://www.goidirectory.nic.in/
http://pib.nic.in/
http://mospi.nic.in/
www.finmin.nic.in
www.indiabudget.nic.in
www.rbi.org.in
Database:
Bloomberg
Prowess
Indiastat.com
CRISIL Research
4
PLG MAPPING FOR THE COURSE
Addressed by
CLO
PLG# Program Level Learning Goal Course?
No.
(Yes / No)
Application of Fundamentals
PLG1 Traits: Demonstrate application of functional / conceptual YES CLO 1
knowledge to business situations
Problem Identification and Solution
PLG2 Traits: Demonstrate ability to identify a problem, critically assess YES CLO 2
various alternatives and suggest appropriate solution
Integrative Thinking
Traits: Demonstrate ability to identify inter-linkages among
PLG3 NO NA
functional areas within an enterprise and assess the impact of
external environment on its performance
Effective Communication
PLG4 Traits: Demonstrate proficiency in Oral and Written NO NA
Communication
Ethical Responsibility
PLG5 Traits: Demonstrate awareness and assess impact of ethical NO NA
behaviour on business
Leadership
PLG6 Traits: Demonstrate capability to take leadership role in a NO NA
business situation
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