INTERMEDIATE MACROECONOMICS - II


Course Description

This course is a sequel to Intermediate Macroeconomics I. In this course, the students are introduced to the long run dynamic issues like growth and technical progress. It also provides the micro-foundations to the various aggregative concepts used in the previous course.

Course Outline

1. Economic Growth

Harrod-Domar model; Solow model; golden rule; technological progress and elements of endogenous growth.

2. Microeconomic Foundations

a. Consumption: Keynesian consumption function; Fisher‘s theory of optimal intertemporal choice; life-cycle and permanent income hypotheses; rational expectations and random-walk of consumption expenditure.

b. Investment: determinants of business fixed investment; residential investment and inventory investment.

c. Demand for money.

3. Fiscal and Monetary Policy

Active or passive; monetary policy objectives and targets; rules versus discretion: time consistency; the government budget constraint; government debt and Ricardian equivalence.

4. Schools of Macroeconomic Thoughts

Classicals; Keynesians; New-Classicals and New-Keynesians.


THIS SECTION COMPRISES PREVIOUS YEAR PAPERS OF INTERMEDIATE MACROECONOMICS II.


THIS SECTION COMPRISES STUDY MATERIAL OF INTERMEDIATE MACROECONOMICS - II.


SOLUTIONS


SOME MORE QUESTIONS



Readings:

1. Dornbusch, Fischer and Startz, Macroeconomics, McGraw Hill, 11th edition, 2010.

2. N. Gregory Mankiw. Macroeconomics, Worth Publishers, 7th edition, 2010.

3. Olivier Blanchard, Macroeconomics, Pearson Education, Inc., 5th edition, 2009.

4. Charles I. Jones, Introduction to Economic Growth, W.W. Norton & Company, 2nd

edition, 2002.

5. Andrew B. Abel and Ben S. Bernanke, Macroeconomics, Pearson Education, Inc.,

7th edition, 2011.

6. Errol. D‘Souza, Macroeconomics, Pearson Education, 2009.

7. Robert J. Gordon, Macroeconomics, Prentice-Hall India Limited, 2011

Comments

  1. smartniks0815 August 2020 at 12:01

    Sir. can u plz upload the reading material too? it will help our fellas

    ReplyDelete

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