Macroeconomics
Undergraduate macroeconomics course at FLAME University covering national income, growth, business cycles, and policy.
Introduction
This undergraduate course introduces students to the core concepts and models of macroeconomics. It covers national income accounting, long-run economic growth, business cycle analysis, and the tools of fiscal and monetary policy, with applications to the Indian and global economy.
Part 1: National Income and Economic Growth
- National income accounting and GDP measurement
- Long-run economic growth: Solow model and beyond
- Savings, investment, and capital accumulation
- Productivity and technological change
Part 2: Business Cycles and Short-Run Fluctuations
- IS-LM model
- Aggregate demand and aggregate supply
- Unemployment and inflation
- Phillips Curve
Part 3: Macroeconomic Policy
- Fiscal policy: government spending and taxation
- Monetary policy: central banking and interest rates
- Open economy macroeconomics
- Macroeconomic policy in developing economies