Professional Documents
Culture Documents
2022 Spring SSH BBA2021 Macroeconomics
2022 Spring SSH BBA2021 Macroeconomics
Course Outline
TEACHING METHOD
A mix of classroom instructional methods will be used like lectures, real world problems, simulations and
immersive exercises. The efforts would be made to strengthen the conceptual knowledge and application
through examples and exercises. Special Emphasis will be given to help the students to develop analytical
ability to analyze macroeconomic situations, trends and policies. This will be done with the help of
practical exercises. Interactive discussions and small individual or group work in class will also be
employed to improve learning efficacy and student motivation.
EVLUATION SCHEMA
Given below the evaluation schema for (i) Online mode and (ii) Offline – on-campus mode.
Description of Assessments:
A1. Class Participation. Students class participation is assessed based on their participation in the
discussion groups and their participation during the guest lectures. During the course of the program the
course instructor assigns a topic for group discussion during the class hour. The students are assessed
based on their discussions, arguments and active participation during the discussion group activity. This
activity carries 10% weightage in the assessment.
For the rest 5% assessment, the students are expected to actively participate and interact during the two
guest lecture sessions during the program. Active contribution of the students earns them points.
A2. Quiz will be conducted using Moodle platform. Limited time will be given to answer the set of
MCQs. This activity carries 15% weightage in the assessment. The MCQs will consist of 15 1-mark
questions. Questions cover the entire course and can relate to any topic in the course manual, studied
before quiz.
A3. Assignment There will be a group assignment worth 20% of the assessment weightage. Students are
expected to form groups of 2 for this assignment. In case the class strength is an odd number, one team
can consist of 3 members. The details of the assignment will be shared by the course instructor in week
12. The group will be given 15 days’ time to work and submit the assignment. The submission is
expected on week 14.
Description of Assessments:
A1. Class Participation marks will be awarded based on students’ active participation during the class h
ours. This carries 5% weightage in the assessment. For the rest 5% assessment, the students are expected
to actively participate and interact during the two guest lecture sessions during the program. Active
contribution of the students earns them points.
A2. Project The country project (15%). This is a group project, there will be 5 students in each group.
Each group has to choose a country from the list provided by the professor, collect the necessary statistics
from the World Bank and International Monetary Fund web-sites and analyse its development and
economic policies.
Content of the report: 1. Economic growth: real vs nominal figures; 2. Trends in income, savings and
investments; 3. Prices, money and inflation; 4. Trends in unemployment; 5. International trade and
exchange rate movements.
Students are not permitted to copy from web-sites and they will be penalized if found copying/lifting
from the website. It is prohibited to copy graphs or charts. Students need to collect the data and build their
own graphs/charts/tables. Only credible resources must be used. It is not allowed to copy the text (There
will be a plagiarism check).
Students are expected to prepare ppt file and present in during the class. Every student has maximun 5
minute to present the results. At least 5 slides have to be prepared by each student.
The slides had related context, reliable and adequate information, less spellings and grammatical mistakes
– 10%; Proper choice of background and font colors, font size, formatting, usage of graphics and
animation – 7%; confident speaking, facial expression, pronunciation, body language and dressing sense,
ability to follow the timelines and maintain interest of the audience – 8%.
A3. Mid-term examination will be conducted as a sit-in exam during Session 17 of the course.
A4. End-term examination will be conducted as a sit-in exam during the exam week.
TEXTBOOK/COURSE MATERIALS
The assigned text for this course is “Principles of Macroeconomics” By N. Gregory Mankiw, 6th Edition
(Cengage Learning).
Please note, these two books, although by the same author, are different in their treatment of the subject.
The book “Macroeconomics” is more detailed and a bit more technical while “Principles of
Macroeconomics” is an introductory level book. If you are borrowing the book from the
library/purchasing it, mind the title.
EXTERNAL LINKS
Project Syndicate https://www.project-syndicate.org
Current Economic News
o Livemint https://www.livemint.com/
o The Economist http://www.economist.com/
o The Wall Street Journal http://online.wsj.com/home-page
o The Economic Times https://economictimes.indiatimes.com/
o Business Week https://www.bloomberg.com/businessweek
Wetheeconomy https://wetheeconomy.com/films/
Some useful blogs:
o Adam Smith Institute https://www.adamsmith.org/blog/
o Greg Mankiw’s blog http://gregmankiw.blogspot.com/
o World Bank https://blogs.worldbank.org/
o Real Time Economics https://blogs.wsj.com/economics/
o The Grumpy Economist https://johnhcochrane.blogspot.com/
o Paul Krugman https://krugman.blogs.nytimes.com/
Useful databases
o IMF. https://www.imf.org/en/Data
o World Bank. https://data.worldbank.org/
o MoSPI, Govt of India https://www.mospi.gov.in/web/mospi/download-tables-data
o Ministry of Finance, GOI https://www.finmin.nic.in/data-and-statistics
o Database on Indian Economy https://dbie.rbi.org.in/DBIE/dbie.rbi?site=home
3 Critical Thinking: Ability to identify, analyze 8. Identify main issues of business problems
9. Examine information from different
business problems and propose effective sources
solutions
10. Draw inferences from analysis
CLO-1, CLO-2,
Objective Session 1 : Understanding Macroeconomic Data CLO-4
of the
sessions In this session, the students will be made familiar with
macroeconomic data and learn about leading, lagging and
coincident indicators.
After the successful completion of this session, students
should be able to:
Understand the performance of an economy by
examining the indicators
Collect macroeconomic data and visualize them using
appropriate graphs
Interpret the macroeconomy from graphs
Week 4
CLO-1, CLO-2,
Objective Session 7: Production and Growth CLO-4
of the In these lectures, students will learn basic concepts of growth,
sessions productivity and its determinants and role of public policy in
productivity and growth.
After the successful completion of this session, students should
be able to:
Align living standards and growth rates using
examples of different countries
Interpret productivity determinants and its growth
rates
Relate various public policies to growth of living
standards
Sec A:
Sec B:
Sec C: Vinay Kataria, Ernst&Young
Sec D: Ms. Asha Sasikumar, Economics Research
Group, ICICI Bank
Sec E:
Sec A:
Sec B:
Sec C: Srividya, Dr. Agarwal eye hospital
Sec D: Ms. Vandana Singh, Tax Consultant, Deloitte
Tax Services Pvt Ltd
Sec E: Stanislav Dubikovsky, Director of the Institute
of Social and Economic Development,
www.isedworld.org
Week 10
CLO-1, CLO-2,
Objective Session 19 and Session 20: Aggregate Demand and CLO-4
of the Aggregate Supply
sessions
These sessions will introduce the students to the concept of
aggregate demand and aggregate supply and how the
interaction between these two explains economic fluctuations.
After the successful completion of this session, students should
be able to:
Explain economic fluctuations and distinguish their
characteristics
Relate the model of aggregate demand and aggregate
supply to economic fluctuations
Assess impacts on the macroeconomy using the model
of aggregate demand and aggregate supply
Week 12
CLO-1, CLO-2,
Objective Session 23 and Session 24: The IS-LM Model CLO-4
of the
sessions These lectures will introduce the students to the interaction
between the goods market and the money market using the IS-
LM Framework.
After the successful completion of this session, students should
be able to:
Distinguish the linkage between goods and money
market
Interpret the feedback loop between these two markets
Illustrate the policy impacts on the economy using IS-
LM model
*At the end of Week 12, we can give the assignment in the
online mode (with 15 days of deadline)
Readings Macroeconomics, Mankiw, Ch. 10-11
Week 13
CLO-1, CLO-2,
Objective Session 25 : The Short Run Trade-off Between Inflation CLO-3, CLO-4
of the and Unemployment
sessions
These lectures will introduce the students to the relationship
between inflation and unemployment and how the nature of
the relationship changes from short run to long run.
After the successful completion of this session, students should
be able to:
Recognize the relationship between inflation and
unemployment in the short run
Evaluate the policy problems
Explain the concept of short run and long run Phillips
curve
Disability Support
JGU endeavours to make all its courses accessible to students. The Disability Support
Committee (DSC) has identified conditions that could hinder a student’s overall well-being.
These include physical and mobility related difficulties, visual impairment, hearing impairment,
mental health conditions and intellectual/learning difficulties e.g., dyslexia and dyscalculia.
Students with any known disability needing academic and other support are required to register
with the Disability Support Committee (DSC) by following the procedure specified
at https://jgu.edu.in/disability-support-committee/
Students who need support may register any time during the semester up until a month before the
end semester exam begins. Those students who wish to continue receiving support from the
previous semester, must re-register within the first month of a semester. Last minute registrations
and support might not be possible as sufficient time is required to make the arrangements for
support.
The DSC maintains strict confidentiality about the identity of the student and the nature of their
disability and the same is requested from faculty members and staff as well. The DSC takes a
strong stance against in-class and out-of-class references made about a student’s disability
without their consent and disrespectful comments referring to a student’s disability.
All general queries are to be addressed to disabilitysupportcommittee@jgu.edu.in