Introductory Macroeconomics: Course Learning Outcomes:

This Introductory Macroeconomics course is designed to build comprehensive frameworks, helping students analyze real-world economic issues such as inflation, money supply, and GDP. It will also empower them to critically assess macroeconomic policies within a coherent, logical structure.

Course Modules:

1. Introduction to Macroeconomics and National Income Accounting
Macroeconomics covers key topics such as the measurement of gross domestic product (GDP), income, expenditure, and the circular flow. It explores real vs. nominal GDP, price indices, and national income accounting in an open economy, including the balance of payments, and current and capital accounts.

2. Introductory Macroeconomics: Money Market
The functions of money include serving as a medium of exchange, a store of value, and a unit of account. The quantity theory of money explains the relationship between money supply and price levels. Money supply and demand are determined by central banking systems, while credit creation occurs through the banking sector. Key tools of monetary policy include open market operations, reserve requirements, and interest rate adjustments to influence money supply and stabilize the economy.

3. Theory of Inflation
Costs and benefits of Inflation, Seigniorage, Hyperinflation

4. The closed economy in the short run
Classical and Keynesian systems; simple Keynesian model of income determination; IS-LM model; fiscal and monetary multipliers.

NOTE: NOTE: The above modules give a rough idea about the topics covered in our course. Students will be given modules per their respective Universities’ outline after prior discussion.