EMBA

Course objectives

This course intends to provide the depth knowledge of macroeconomic perspectives so as to facilitate macroeconomic decisions in real organizations.

Course Details

Unit I: Macroeconomics – the Study of Growth and Business Cycles

Basic concepts of macroeconomics, measuring economic activity consumption and investment; business cycles and theory of aggregate demand; the multiplier model and commercial banking; central banking and monetary policy.

Unit II: Economic Growth and Macroeconomic Policy

The process of economic growth; the challenge of economic development ; unemployment; aggregate supply ensuring price stability ; economics of open-economy, major schools of macroeconomics policies for growth and stability.

Unit III: International Trade and the World Economy

International trade theories of international trade; exchange rates; protectionism; comparative advantage; country competitiveness; managing the global economy.

References

1. Samuelson, PA & Nordhaus, W.D (2000). Economics (6^th ed.) Tata McGraw-Hill: New Delhi.