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Swayam

Principles of Macroeconomics-I

Maharshi Dayanand University, Rohtak and CEC via Swayam

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Overview

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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

Syllabus

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

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Reviews

4.5 rating, based on 10 Class Central reviews

Start your review of Principles of Macroeconomics-I

  • Anonymous
    I am writing to express my deepest appreciation for this course, Principles of Macroeconomics-I, offered through SWAYAM and prepared by Dr. Kamlesh Gakhar which is a testament to your expertise, dedication, and passion for teaching . As a learner…
  • Anonymous
    The course Principles of Macroeconomics-I provides a strong foundation in understanding the basic concepts of macroeconomics. The lectures are explained in a clear and structured manner, making it easier for beginners to grasp complex topics like national income, money and banking, inflation, and trade cycles.

    The study material and references are well-prepared, and the assignments help in testing our knowledge. It is especially useful for students preparing for exams or anyone interested in economics.

    One area for improvement could be more practical examples and case studies to connect theory with real-life economic situations.
  • Anonymous
    The course instructor explained complex theories with clarity and regularly connected concepts to everyday examples such as fuel fluctuations and consumer choices. Madam presentation is just excellent, the material is highly supportive. Over all the course provides with a strong foundation in macro economics and enhances analytical skills. I would strongly recommend it to students who are interested in understanding how economic theories translate into real-world practices.
  • Anonymous
    The macroeconomics online course is insightful, engaging, and very well-structured. Complex concepts were explained in a clear and practical way, making them easy to understand and apply. I especially appreciated the comprehensive content, interactive lessons, and real-world examples that made the subject both relevant and thought-provoking. Overall, it’s an excellent course that provides great value and has truly enhanced my understanding of economics. Thank you mam.
  • Anonymous
    This macroeconomics online course exceeded my expectations. The lessons were well-organized, thorough, and easy to follow, even for complex topics. The instructor explained ideas with clarity and depth, while the course materials offered practical insights and real-world applications. It was both enjoyable and enriching, and I now feel much more confident in my understanding of macroeconomic principles. Thanks a lot mam.
  • Anonymous
    Course contents are very clear and concise,easy to understand.Practice question just before lecture is a very effective and unique way to create interests among learners about lecture.In videos,teaching style is effective , you provide to the point notes. Time to time live interaction keep us moving forward in course.Whatsapp group formed keep us connected with other learners.It is the best course of Macroeconomics.
  • Anonymous
    As classes
    Are online so less interactive also network issues , can't become punctual but works for those students who are good at self study
  • Anonymous
    Clear notes, interactive live classes, and helpful explanations make learning macroeconomics easy.This course is a great start for anyone who wants to understand the fundamentals of macroeconomics. With a few enhancements, it can be an excellent learning experience.

  • 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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