Macroeconomics and Global Economy Syllabus - MBA (PU)

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Course Description

Course outline

This course is intended to provide a foundation in macroeconomics. The course is intensive and introduces students to macroeconomic theory and application as they pertain to the business decisions. Topics include measurement of GDP, inflation, monetary and fiscal policy, impact of economic policy on the behavior of individuals and organizations, fluctuations and business cycles, economic growth, employment issues, emerging global economic issues, and nature of the expanding global economy. All topics are discussed with emphasis on real-world application. Case studies and current economic trends and developments are examined in a global perspective.

Unit Contents

Session Plan

Each session is of one and half hours and three sessions per week. The course is expected to be completed in a total of 32 sessions. Session has been planned as follows.

 

Session

Topic Covered

Prior Readings

Assignments

1

Introduction to the course and DATA OF macroeconomics

 

 

2-3

National Income Accounting

Measurement of National Income

GDP Deflator, per capita income

Difficulties involved in GDP measurement

 

Assignment 1

4-5-6-7

Product Market, Financial Market and IS-LM Model

 

 

8-9-10

Inflation, unemployment and Phillips Curve

 

Assignment 2

11

Interest Rate

 

 

12-13

BOP and Exchange Rate regimes

 

Assignment 3

14-15-16

Growth

 

 

17-18

Depression, Slump and Hyperinflation

 

Assignment 4

19

Monetary Policy

 

 

20

Fiscal Policy

 

 

21

Globalization, liberalization, privatization, SAP

 

 

22-23-24

Global Economic Issues and Current Trend

 

Assignment 5

25

Presentation

 

 

26-27

Review

 

 

Unless there is a valid reason, there will be no make-up for the missed assignments

Text and Reference Books

Text Book and References

Primary text book:

  1. Blanchard, Oliver, Macroeconomics (Fourth Edition), Pearson Education, 2007

Other References:

  1. Mankiw, N. Gregory, Macroeconomics (Fifth Edition), Worth Publishers, 2003
  2. Edward Shapiro, Macroeconomic Analysis, 5th Edition Galgotia Publications, 1984
  3. Dornbusch, Fisher and Startz, Macroeconomics (Ninth Edition) Tata McGrawhill
  4. Gupta, Suraj B. Monetary Economics, S. Chand and Company, New Delhi, 1992
  5. MOF (HMG/N), Economic Survey (Annual Reports)
  6. NRB, Economic Review and Bulletins
  7. World Economic Outlook, International Monetary Fund

Class Delivery

Apart from regular courses, students will be encouraged to present news or any relevant topic and analyze it from the economics point of view on a regular basis. This will be based on the assigned prior readings of the session. Assignments will be given as per the plan.

 

Evaluation Criteria

 

Evaluation criteria would be as following.

 

 

Nature of Assessment

Weight

Remarks

1

Attendance

10 %

As per the attendance sheet

2

Class Participation

10 %

Asking and answering questions, news presentation, prior reading of books and articles
3
Mid- and End-term exam
30 %

15 % each for term exam

4

Class Tests and Assignments

30 %

Assignments given by the instructor, problems from the book, case analysis

5

 

Presentation

 

20 %

 

Presentation topic and issue will be given to the students in due course of time.

Download Syllabus
  • Short Name N/A
  • Course code ECO 512
  • Semester Second Trimester
  • Full Marks 100
  • Pass Marks 60
  • Credit 2 hrs
  • Elective/Compulsary Compulsary