MACROECONOMICS

Course Description

This is an introductory course covering money, the monetary system and their relevance to the functioning of the national economy. It covers monetary and fiscal policies, unemployment, interest rates, and inflation as well. It dwells on the measurement of the level of output and its determination. Particular emphasis is placed on the forces that determine the actual and potential level of output and on policies designed to promote economic stability and growth. Important policy debates such as the sub-prime crisis, social security, the public debt and international economic issues are critically explored. The balance of payments is explained. The determination of the exchange rate is presented with reference to the international monetary system.

MACROECONOMICS

Evaluation Tools (Active Term)

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Course outcomes

1. 01 To derive knowledge and understanding of macroeconomic issues 4
2. 02 To assess problems and periodic fluctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems 5uctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems
3. 03 To compare national income and real GDP 4
4. 04 To generalize business cycle inflation Money and monetary equilibrium 5
5. 05 To summarize international trade and balance of payments 4
6. 06 To categorize fiscal policy 3
7. 07 To classify monetary policy 3

Course Syllabus

Reference Books & Course Materials

1. 01 Michael Parkin (2019), Economics ( 13/E ), Pearson, Global Edition
2. 02 N.Gregory MANKIW (2012) , Principles of ECONOMICS , ( 6 th edition) Thomson,South- Western
3. 03 Micheal PARKIN, 2012 , Economics ( 12 th edition ),Pearson, Addison Wesley

Learning Outcomes

1. L01 On successful completion of this course the students will have developed knowledge and understanding of macroeconomic issues
2. L02 problems and periodic fluctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems
3. L03 National income and real GDP
4. L04 International Trade and balance of payments
5. L05 Following a succesful completion of this course the student will be able to assess economic performance of countries. SOLO 5

Program Outcomes

1. P01 Demonstrate an understanding of the core subfields of psychology — including but not limited to clinical, developmental, cognitive, social, and biological/neuroscientific psychology — and their interconnections with other scientific disciplines, critically evaluating the value of a multidisciplinary approach to scientific inquiry in psychology.
2. P02 Apply scientific methods, research techniques, measurement and psychometric principles (e.g., reliability, validity, scale development/adaptation), and quantitative/statistical reasoning to investigate psychological phenomena, recognizing methodological strengths, limitations, common reasoning fallacies, and the flaws of pseudoscience.
3. P03 Employ logical, intuitive, and creative thinking to analyze psychological concepts, evaluate theories (including their historical and philosophical development), synthesize information, and solve complex problems related to cognition and behavior.
4. P04 Integrate psychological theories and findings into practical settings (e.g., business, policy, clinical/counseling contexts, and daily life), applying foundational applied skills such as interviewing, observation, and case formulation, drawing meaningful conclusions to inform individual, organizational, and societal practices.
5. P05 Describe key ethical principles in psychological research and practice, critically applying these principles to dilemmas across academic, professional, and everyday contexts.
6. P06 Recognize how individual differences (e.g., beliefs, values, backgrounds) impact behavior and relationships; use psychological knowledge to prevent or resolve intercultural and interpersonal conflicts and promote inclusive, respectful interactions.
7. P07 Exhibit self-regulation and self-awareness, demonstrating a commitment to psychological well-being, effective time management, constructive incorporation of feedback, and ongoing personal and professional development.
8. P08 Collaborate effectively in diverse teams, demonstrating responsibility, bias awareness, conflict resolution skills, and leadership in achieving collective goals.
9. P09 Communicate psychological knowledge clearly and appropriately for academic, professional, and public audiences using inclusive language, both in written and oral formats, and by accurately summarizing and presenting research findings.
10. P10 Use information and communication technologies (including AI and digital media) responsibly and effectively for research, collaboration, and the dissemination of psychological knowledge.
11. P11 Embrace lifelong learning and adaptability in response to evolving psychological knowledge and societal needs, engaging with global perspectives and demonstrating intercultural awareness.

Po-Lo Matrix