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Principles of Macroeconomics I

Maharshi Dayanand University, Rohtak and CEC via Swayam


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After successfully completing this course, the students will be able to understand and comprehend:1. Various macroeconomic issues 2. The determinants of national income3. The role of monetary and fiscal policies4. The role of money in an economyThis course will be beneficial to students of economics.commerce and for all students preparing for competitive examinations like IAS and IES etc


Week - 1Nature and Scope of MacroeconomicsImportance and limitations of Macro EconomicsBasic concepts of Macro Economics
Week - 2Business cyclesCircular flow of National IncomeNational Income and related concepts

Week - 3Concepts of National IncomeIncome and output methods of measurement of National IncomeExpenditure method of measurement of National IncomeProblems in measurement of National Income and its significance

Week - 4Nominal GDP, Real GDP, Potential GDP, National Product and Economic Welfare.Aggregate Demand/ExpenditureAggregate Supply & Short Run Equilibrium through AD & ASConsumption Function
Week - 5Psychological Law of ConsumptionVarious Determinants of ConsumptionAbsolute Income Hypothesis and Relative Income HypothesisPermanent Income Hypothesis
Week - 6Saving and Investment FunctionEquilibrium GDPAutonomous Expenditure and MultiplierFeatures, Limitations, Leakages and significance of Multiplier
Week - 7Fiscal Policy – Instruments, Objectives and AchievementsFiscal Policy in a Developing Economy, Limitations and Types of Fiscal PolicyImpact of fiscal policy on demand side and supply side
Week - 8Impact of Government Expenditure and Taxes on National IncomeNet Exports and Equilibrium of National IncomeDefinition and Evolution of Money
Week - 9Definition and Evolution of MoneyFunctions of MoneyDemand for Money
Week - 10Fisher’s Quantity Theory of MoneyCash Balance Approach to the Quantity TheoryMilton Friedman’s Quantity Theory of Money
Week - 11Keynesian Liquidity Preference Theory of Rate of InterestMoney supplyCredit creation

Week - 12Monetary Policy and its ObjectivesMethods of Credit ControlThe Monetary Transmission Mechanism

Taught by

Prof. Kamlesh Gakhar



5.0 rating, based on 2 Class Central reviews

Start your review of Principles of Macroeconomics I

  • Anonymous
    The course lectures provided by Dr Kamlesh Gakher are providing us superb knowledge on various macroeconomic aspects which are beneficial for all professionals. These lectures enlighten us about national income, flow of income among different sectors, employment, monetary policy,fiscal policy,inflation and many more macroeconomic terms. I am thankful to our mentor Dr Kamlesh Gakher for her hard work for preparing this course and for regular answering our questions during the coursework.
  • Anonymous
    Madam Kamlesh is one of the finest professors in Economics. She provides very good insights into the fundamentals. Really liked taking the course.
    Looking forward to have more such courses from her.

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