Intermediate Macroeconomics - I

Weeks

Lessons/Videos

I

1. Ten principles of economics: How people make decisions

2. Key concepts in Macroeconomics

3. Macroeconomic Issues, Targets and Instruments

4. Demand of Money: Quantity Theory of Money

II

5. Sectoral classification of the economy

6. Meaning and Definition of National Income or Social Accounting

7. International financial markets

8. Instruments of financial markets

III

9. Thinking like an economist: As scientist and policy adviser

10. Full employment and types of unemployment

11. Presentation of Social Accounts, Social Accounting’s Laws

12. Circular flow and national income: two, three and four sector economy

IV

13. Measuring the cost of living: Consumer Price Index , Green Income

14. Aggregate demand and aggregate supply: Equilibrium Determination

15. Introduction to National Income Accounting

16. Basic assumptions of Classical Theory of employment

V

17. Methods of calculating national income: Product method, Expenditure method, Income method

18. Inflation : Types of Inflation

19. Concepts of supply of money and demand for money in Fisher's equation

20. Open economy macroeconomics: basic concepts

VI

21. Say's Market Law

22. Deflation: Meaning - Causes and Effects of Deflation - Deflationary Gap

23. The Keynesian Theory: Concept of effective demand and its determinants

24. Structure and functions of financial market

VII

25. National Income accounting Identities: GNP and Quality of Life, Net Economic Welfare

26. Deriving the Phillips Curve from aggregate supply curve : trade - off between Unemployment and Inflation

27. Purchasing Power Parity

28. Balance of Payment theory and Balance of Payment Adjustments

VIII

29. Closed versus open economy

30. Analysis of income inequality and redistributive Measures

31. Two equations of quantity theory of money: Transactions approach or fisher's equation, Cash balance or Cambridge Equation

32. Monetary approach to balance of payments

IX

33. Evauation of the Classical Theory of employment: Keynes' criticism of Classical Theory

34. Causes and effects of Inflation, control of inflation

35. Wage price flexibility (Pigou's version) and saving and Investment Equality

36. Theories of Value of money

X

37. Fiscal and Monetary Policy for Internal and External balance: The Mundellian Model

38. Tobins Portfolio Selection Model: The risk aversion theory of liequidity preference and its superiority over keynesian theory

39. Friedman's View: The Long run Philips Curve

40. Rational Expectations Hypothesis: Stablization Policy and Ratex Hypothesis

XI

41. International Fischer Effect

42. Value of Money and Price Level

43. Comparision of classical and Keynesian Theory of Employment: Equilibrium Level of Income and Employment

44. Mundel-Fleming Model: IS-LM model for small open economy with exchange rate regime

XII

45. Baumol’s Inventory Theoretical Approach

46. Expenditure Switching and Expenditure Reducing Policies for Internal and External Balance: Swan Model.

47. Changes in the equilibrium level of Income: The Multiplier

48. Dornbusch Overshooting Model

XIII

49. Monetary Policy: Objectives and Importance – Quantitative and Qualitative Measures

50. Theories of Inflation and Inflationary Gap