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ECO 151

Macro-economics

TU BPA · Semester 2 · BPA curriculum documents

Requirement
required
Credits
3
Syllabus
4 sections

Syllabus

What this course covers and how the teaching time is divided.

course syllabus loaded.

Macro-economics Syllabus

Official TU PDF (pp. 5,6)

Tribhuvan University

Faculty of Management

Office of the Dean

Bachelor of Public Administration (BPA)

Course Title: Macro-economics

Course Code: ECO 151

Semester: Semester 2

Nature of Course: required

Full Marks: 100

Pass Marks: 50

Credit Hours: 3 Cr.

Curriculum: BPA curriculum documents

Course Objective

:

The purpose of this course is to impart the knowledge of macroeconomics. After completion of this course, students will be able to know the components of macroeconomics as well.

Course Description

:

This course consists of introduction to macroeconomics, national income accounting, and components of macroeconomics, theories of inflation and trade cycle, and monetary and fiscal policy.

Course Contents:

Lecture hours show the approximate classroom time allocated to each unit.

Unit 1.Introduction to Macroeconomics:

8 hours
  • Concept and Scope of Macroeconomics
  • Importance and uses of Macroeconomics
  • issues of macroeconomics

Unit 2.National Income Accounting:

10 hours
  • Concept of National Income
  • Measurement Approaches: Expenditure Method, Income Method, Product Method
  • Difficulties in Measurement of National Income
  • Importance and Use of National Income

Unit 3.Components of Macroeconomics:

10 hours
  • Concept of consumption function(Average and Marginal Propensity to Consume, Psychological Law of Consumption, Determinants of Consumption Function)
  • Concept of saving(Paradox of Thrift, Determinants of saving)
  • Concept of investment (Marginal Efficiency of Capital, Determinants of Investment)
  • Concept of Multiplier (Leakages of Multiplier, Importance of Multiplier)
  • Concept of Employment(Classical Theory of Employment, Keynesian Theory of Employment)

Unit 4.Theories of Inflation and Trade Cycle:

10 hours
  • Concept of Inflation and Deflation and Factors Influencing Inflation
  • Computation of Rate of Inflation
  • Effects and Control of Inflation
  • Concepts of Trade Cycle
  • Phases of Trade Cycle and Economic Stabilization Policy

Unit 5.Monetary and Fiscal Policy:

10 hours
  • Concept of Monetary Policy
  • Objectives and Instruments of Monetary Policy
  • Demand and Supply of Money
  • Concept of Fiscal Policy
  • Objectives and Instruments of Fiscal Policy
  • Significance of Fiscal Policy in Developing Countries

Suggested Readings:

Abel, Andrew B/Bernanke, Bens/Croushore D.(2014)Macro Economics. New Delhi:Dorling Kindersley Pvt ltd. Chriystal, Lipsey (2011) Economics.U.K. Oxford University Press. Dahal, Madhav P./Kafle, Snehalata/Lamsal,Mani R./Khadka, Ramesh/Adhikari, Gyanendra/Pokhrel, Binod/Poudyal, Trilochan (2015) Microeconomics. Kathmandu: Buddha Publications. Dahal,Madhav p./Kafle,Snehalata/Mani R. Lamsal/Khadka, Ramesh/ Adhikari,Gyanendra/ Pokhrel,Binod/ Poudyal,Trilochan (2015) Macroeconomics. Kathmandu:Buddha Publications. Dewett,K.K./Verma, J.D.(2010) Elementary Economic Theory. New Delhi: S. Chand and Company Ltd. Jhingan, M.L. (2013) Macro economic Theory . Delhi:Vrinda Publication(p) Lid. Lekhi, R.K./Singh, Joginder (2014) The Economics Development and Planning. New Delhi: Kalyani Publishers. Mankiw, N. Gregory(2014) Principles of Micro economics. India :Cengage learning. Mier, Gerald M.(1984) Leading Issues in Economic Development.New York:Oxford University Press. Reejal, Pushkar Raj (1996) The Principles and Techniques of Development Planning. Kathmandu: Indira Reejal. Ruffin , Roy J./Gergory Paul R.(1983) Principles of Macro economics. Dallas:Scott, Foresman and Company. Shrestha, Rajendra Gopal/ Adhikari, Gyan Mani(2010) Microeconomics :Text and Cases. Kathmandu: Asia Publications. Shrestha, Rajendra Gopal/Adhikari, Gyan Mani (2014) Macroeconomic. Kathmandu: Sundevi prenting Service.