Iim Indore Macro
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Post Graduate Programme in Management
2012-13 Term: II
TITLE OF THE COURSE: mACROECONOMICS
CREDITS: 4
| |Name of the Faculty Member |Faculty Block |Telephone |E-mail |
|Instructor 1 |Ganesh Kumar N. |B, First Floor |552 |ganesh@iimidr.ac.in |
|Instructor 2 |Dipayan D.Chaudhuri |A, Ground Floor |511 |dipayan@iimidr.ac.in |
|Instructor 3 |Amlendu Dubey |C, First Floor |569 |amlendu@iimidr.ac.in |
Course Description
The course covers macro-economic theory and its applications particularly to the Indian context. The main theoretical framework for the course will be IS-LM and Aggregate Demand – Aggregate Supply. We begin the course with understanding national income accounts. We then set up with simple models of national income determination, and relax the assumptions to set up more complex models. These models are necessary to understand and analyze the effects of fiscal and monetary policy on the economy. The course will help participants to develop analytical skills to understand the monetary policy announcements of the central banks and broad fiscal policies of the government and their impact on the economy.
In the context of globalization of economies, we will discuss the linkages of national economy with global economy and explore interdependencies among countries. We have allocated 6 out of the total 20 sessions for international linkages of national economy.
COURSE OBJECTIVES
The course aims at helping participants understand the complex macroeconomic environment, which confronts business. The participants will be able to understand the rationale
[pic][pic]
Post Graduate Programme in Management
2012-13 Term: II
TITLE OF THE COURSE: mACROECONOMICS
CREDITS: 4
| |Name of the Faculty Member |Faculty Block |Telephone |E-mail |
|Instructor 1 |Ganesh Kumar N. |B, First Floor |552 |ganesh@iimidr.ac.in |
|Instructor 2 |Dipayan D.Chaudhuri |A, Ground Floor |511 |dipayan@iimidr.ac.in |
|Instructor 3 |Amlendu Dubey |C, First Floor |569 |amlendu@iimidr.ac.in |
Course Description
The course covers macro-economic theory and its applications particularly to the Indian context. The main theoretical framework for the course will be IS-LM and Aggregate Demand – Aggregate Supply. We begin the course with understanding national income accounts. We then set up with simple models of national income determination, and relax the assumptions to set up more complex models. These models are necessary to understand and analyze the effects of fiscal and monetary policy on the economy. The course will help participants to develop analytical skills to understand the monetary policy announcements of the central banks and broad fiscal policies of the government and their impact on the economy.
In the context of globalization of economies, we will discuss the linkages of national economy with global economy and explore interdependencies among countries. We have allocated 6 out of the total 20 sessions for international linkages of national economy.
COURSE OBJECTIVES
The course aims at helping participants understand the complex macroeconomic environment, which confronts business. The participants will be able to understand the rationale