Introductory Macroeconomics

• Syllabus

Introduction to macroeconomics and national income accounting Basic issues studied in macroeconomics: Measurement of the gross domestic product; income, expenditure and the circular flow; real versus nominal GDP; price indices; national income accounting for an open economy; balance of payments: current and capital accounts. Money Functions of money; quantity theory of money; determination of money supply and demand; credit creation; tools of monetary policy. Inflation, Inflation and its social costs; hyperinflation. The closed economy in the short run Classical and Keynesian systems; simple Keynesian model of income determination; IS-LM model; fiscal and monetary multipliers.

Reference books:

1. Lipsey, R., & Chrystal, A. (2011). Economics. Oxford University Press.

2. Mankiw, N. G. (2020). Principles of economics. Cengage Learning.

To download this book, click on the link below.

https://www.academia.edu/27091102/The_Principles_of_Economics_7th_Edition_pdf

• Important questions for exams*. (Introductory Macroeconomics)

Please click the link below to get access.

https://drive.google.com/file/d/1D_flFUAzw1z9eycsxtJs95Rn0rGorKmA/view?usp=sharing