Course Outcomes (COs):
Course |
Outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
Paper Code |
Paper Title |
|||
ECO 412 |
Intermediate Macroeconomics-II |
CO49: Students will compare the different views on inflation and unemployment. CO50: Students will analyze the working of monetary and fiscal policies and various trade cycle theories. CO51: Students will comprehend the Mundell Fleming model of open economy. CO52: Students will examine the long-run dynamic issues and economic growth. |
Approach in teaching: Interactive Lectures, Discussion, Case studies.
Learning activities for the students: Presentations, Assignments and Group discussions. |
Class activity, Assignments and Semester end examinations. |
Natural Rate Theory; Friedman’s view on Monetary Policy, output and inflation- Phillips Curve; Keynesian interpretation of Phillips curve.
Active or passive; monetary policy objectives and targets; rules versus discretion: time consistency; the government budget constraint; government debt and Ricardian equivalence.
Concept and Phases of Trade Cycle, Theories of Trade Cycle- Kaldor’s Theory , Samuelson’s Multiplier-Accelerator Model and Hicks Theory.
Mundell Fleming model of a small open economy under perfect capital mobility with fixed and flexible exchange rates regimes, analysis of effectiveness of monetary, fiscal and trade policies.
Harrod-Domar model; Solow model; golden rule; technological progress and elements of endogenous growth.