pdf 24 1 Syllabus Mumbai University by munotes
Page 2
AC- 26/07/2019
Item No. - 4.21
UNIVERSITY OF MUMBAI
Revised Syllabus for the F.Y.B.Sc. (Sem II)
Paper I II
Macro Economics – I
Course: Economics
(As Per C hoice Based Credit System with effect from the
academic year 2019 -20)
Page 3
Macro Economics - I
F. Y. B. Sc. Semester – II Paper III
(Academic Year: 2019 - 20)
Preamble : This course is designed to provide an introduction to the students about the basic
building blocks of Macro Economics which will serve as a foundation throughout their
career.
Module – I: Introduction to Macro Economics and National Income (12 Lectures)
Introduction : Meaning and Scope o f Macro Economics; Concepts of National Inco me: GNP ,
NNP, NDP , Per Capita Income , Personal Income and Disposal Income ; Methods and
Difficulties in Measurement o f National Income ; Circular Flow o f National Income : Closed
Economy (Two a nd Three Sector) and Open Economy Models (Four Sector Model)
Module – II: Consumption and Investment (12 Lectures)
Consumption and Investment; Says Law of Market; Theory of Effective Demand;
Consumption Function; Investment Function; Marginal Efficiency of Capital and Rate of
Interest - Investment Multiplier
Module – III: Supply of Money and Demand for Money (12 Lectures)
Suppl y of Money; Determinants of Money Supply ; Velocity of Circulation of Money ; RBI’s
Approach to Measurement o f Money Supply ; Demand for Money: Classical, Keynesian and
Friedman’s Approaches
Module – IV: Banking (12 Lectures)
Banking: Commercial Bank, Functions of Commercial Banks, Multiple Credit Creation,
Balance Sheet o f Commercial Bank ; Development in Commercial Banking Sector Since
1990 -91; Central Bank: Functio ns of Central Bank - Traditional , Development al, Promotional
Reference
1) N. Gregory Mnakiw , (2015) , Principle of Macroeconomics, 7th e dition, Cengage
Learning.
2) Abel A. B. B. S. Beranake and D. Croushore (2011) , Macroeconomics, Pearson, New
Delhi.
3) Ahuja H. L., (2008) , Macroeconomics theory and P olicy, S. Chand and company Ltd.
New Delhi.
4) Dwivedi D.N., (2007) , Macroeconomics theory and P olicy, TATA Mcgraw - Hill
Publication company Ltd. Delhi.
5) Dornbusch Rudig er, Fischer, Stanley and Startz, (2017) (Indian Edition),
Macroeconomics Delhi: M cgraw Hill Publication.
6) Paul Samuelson and William Nordhaus, (2010) , Economics, Mcgraw Hill Publication.
Page 4
AC- 26/07/2019
Item No. - 4.22
UNIVERSITY OF MUMBAI
Revised Syllabus for the F.Y.B.Sc. (Sem I I)
Paper I V
Macro Economics – II
Course: Economics
(As Per C hoice Based Credit System with effect from the
academic year 2019 -20)
Page 5
Macro Economics - II
F. Y. B. Sc. Semester – II Paper IV
(Academic Year: 2019 - 20)
Preamble : This course is designed to make students aware of macroeconomic terminologies and
make them familiar with macroeconomic terms and concepts in order to understand economics at
aggregate level. It also aims to make the students aware about recent developments in
macroeconomic literat ure.
Mod ule - I: Inflation (12 L ectures)
The Economics of Depression, Hyper Inflation ; Inflation: Features and Causes , Demand Pull
Inflation and Cost Push Inflation, Effects o f Inflation ; Nature of Inflation in Developing
Economy ; Phillips Curve; Stagflation : Meaning , Causes a nd Consequences
Module – II: Economic Policy (12 Lectures)
Monetary Policy: Objectives, Instruments, Limitations, Role of Monetary Polic y in Developing
Economies; Fiscal Policy - Objectives , Instrum ents, Limitations and Role of Fiscal Policy i n
Developing Economies
Module – III: Post Keynesian Economics (12 Lectures)
The IS -LM Model of Integration of Commodity and Money Market ; IS Curve: Derivation of IS
Curve, Shift in IS Curve , Equilibrium in Goods Market ; LM Curve: Derivation of LM Curve,
Shift i n LM Curve, Equilibrium in Money Market ; Simultaneous Equilibrium i n Goods a nd
Money Market
Module – IV: External Sector (12 Lectures)
Balance of Payment: Structure , Disequilibrium in Ba lance of Payment , Types, Ca uses and
Measures to Correct Balance of Payment Disequilibrium ; Foreign Exchange Market:
Determination of Exchange Rate: Fixed and Flexible Exchange Rate; Spot and Forward
Exchange Rate ; Exchange Rate P olicy
Reference
1 Richard Froyan , (2012 ), Macroeconomics: Theories and policies , Pearson Education .
2 Eroll D’Souza , (2008) , Macroeconomics , Pearson Education .
3 Suman Kalyan Chakravarty , (2010 ), Macroeconomics, Himalaya Publishing House .
4 N. Gregory Mnakiw , (2015), Principle of Macroeconomics Cengage Learning .
5 Francis Cherunilam, (1999 ), International Economics, Tata McGraw -Hill.
6 Bo Soderstein , (1994 ), International Economics, Palgrave Macmillan .