Semester Courses/Calcutta University BA (Hons) Economics/DSE4-2
DSE4-2CU · Semester 4
Macroeconomics II
CU Semester 4 — IS-LM model, aggregate demand and supply, unemployment, money supply, and monetary policy.
Course Syllabus
- IS–LM model: equilibrium, stability, and comparative statics
- Crowding-out effect; effects of fiscal and monetary policy
- Derivation of the aggregate demand (AD) curve
- Derivation of aggregate supply (AS) curves: with and without wage rigidity
- Equilibrium, stability, and comparative statics of AD-AS
- Unemployment equilibrium: causes and possible solutions including the real balance effect
- Keynesian versus Classical systems; hybrid models
- Friedman's restatement of Classical ideas
- Measures of money supply in India: M1, M2, M3, M4
- High-powered money: definition, role, and balance sheet of the Reserve Bank of India
- Balance sheet of commercial banks
Reference Books
- Dornbusch, R., Fischer, S., & Startz, R. Macroeconomics. McGraw-Hill.
- Blanchard, O. Macroeconomics. Pearson.
Who Will Teach You
M
Mahima Ma'am
SRCC, DSE, NET Qualified
I
Insiya Ma'am
ISI, MSQe
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