GOA INSTITUTE OF MANAGEMENT

Sanquelim Campus, Poriem, Sattari, Goa

Course : Business Economics II-Macro

Program : PGDM-BDA Term: II
No of Sessions : 16 Academic Year : 2023-24
Course Instructor(s): Dr. Chinmaya Behera and Prof. Kingshuk Sarkar
No. of Credits : 2
email: chinmaya@gim.ac.in & kingshuk@gim.ac.in

1. ABOUT THE COURSE:

a. Brief Description:
This course introduces economic analysis of national income, employment and prices. The topic
includes economic measures, fluctuations in employment, output, sustainable growth, rate of
interest etc. Upon completing the course students should be able to analyze and interpret the
volatile macro-economic environment by using different theory.

b. Teaching Learning Method:

Some of the important learning methods will be used as follows;
- Direct instruction
- Guided Instruction
- Experimental Learning
- Case Based Learning
- Problem Based Learning

2. PROGRAMME LEARNING OUTCOMES (PLO) AND COURSE LEARNING OUTOMES (CLO)

PLO Number and PLO statement that the course intends to CLOs that the course intends to achieve (for each PLO)
address (as per Course-PLO mapping of the programme)

Course outline format Version 2 1

Applicable date – 1st June, 2022
PLO Number and PLO statement that the course intends to CLOs that the course intends to achieve (for each PLO)
address (as per Course-PLO mapping of the programme)

A1: Graduating students will be able to use 1. Graduating students will able to use
an integrative approach to analyse business macroeconomics concepts and techniques such as
situations. national income accounting, inflation, Business cycle
etc to analyze business situations.

B2: Graduating students will be able to 2. Graduating students will able to apply
identify the issues of sustainability in macroeconomics concept such as GDP for
business decision contexts sustainability in business decision.

D4: Graduating students will be able to 3. Graduating students will able to use
recommend resolution(s) to the conflict(s) macroeconomics concepts and tools such as IS-LM
techniques to recommend resolutions.

3. SYLLABUS
a. Synchronous (topics and sub-topics to be covered in class) –
4. Introduction to Business Economics II; What is macroeconomics?
Importance of macroeconomics.
5. The Data of Macroeconomics;
Business Cycle , GDP and its components, Inflation
6. Simple Keynesian Model; Planned and Actual Expenditure
7. Sustainable growth
8. IS-LM Model;
Investment, Saving, Liquidity Preference and Money supply
9. Inflation and Monetary Policy
10. Open Macroeconomy; Small Open Economy, Fixed & Floating Exchange Rate;
Mundell-Fleming Model

a. Asynchronous (topics and subtopics for self-study through provided learning resources and
MOOCs) -

https://www.coursera.org/learn/money-banking

11. EVALUATION COMPONENTS:

S. No. Evaluation method Weight When CLOs to be assessed

Course outline format Version 2 2

Applicable date – 1st June, 2022
 1 Class participation 20% After Each
Session
2 Quiz/Mid-term 30% After 8th
session
3 Group Assignment 20% After 12th
Session
4 End term 30% After 16th CLO1, CLO2, CLO3
session

12. TEXT BOOKS AND LEARNING MATERIALS

a. TEXT BOOKS
i. Text: N.Gregory Mankiw (2009) Macroeconomics 9th Edition, New York:
Worth Publishers.
ii. Supplement 1: Rudiger Dornbusch, Stanley Fischer and Richard Startz
(2011) Macroeconomics.
b.
REFERENCE BOOKS
i.
ii.
c. ADDITIONAL RESOURCES (JOURNALS, WEBSITE, VIDEO LINKS ETC.)
i. Fiscal Responses to COVID-19 (HBP case)
ii. Standing at the Edge of a Cliff: GM at the Onset of the 2008 Financial Crisis (HBP case)
iii.
d. TECHNOLOGY AND SOFTWARE
i.
ii.
e. MOOC courses
i.
ii.
13. SESSION PLAN

SESSION TOPIC Faculty Readings (Case, CLO directly Mode (Online

NO chapter, article covered / Offline /
etc.) Hybrid)
1 Introduction to Prof. CB (A) Mankiw, CLO1 Offline
Business Economics and Prof. KS Chapter 1
II; What is (B)
macroeconomics?
Importance of
macroeconomics.

2-4 The Data of Prof. CB (A) Mankiw, CLO1 Offline

Macroeconomics; and Prof. KS Chapter 2
(B)
Business Cycle, GDP
and its components,
Inflation

Course outline format Version 2 3

Applicable date – 1st June, 2022
SESSION TOPIC Faculty Readings (Case, CLO directly Mode (Online
NO chapter, article covered / Offline /
etc.) Hybrid)
5-6 Simple Keynesian Prof. CB (A) Mankiw, Ch 10 CLO1 Offline
Model; and Prof. KS and ppt
(B)
Planned and Actual
Expenditure
7 Macroeconomics Prof. CB (A) TBA CLO2 Offline
and Sustainable and Prof. KS
Growth (B)
8-10 IS-LM Model; Prof. CB (A) Mankiw, Ch 10 CLO3 Offline
and Prof. KS and
Investment, Saving, (B) Mankiw, Ch 11
Liquidity Preference
and Money supply
11 Inflation and Prof. CB (A) TBD CLO3 Online
Monetary Policy and Prof. KS
(Guest Session) (B)

12-14 Open Prof. CB (A) Mankiw, Ch 12 CLO3 Online

Macroeconomy; and Prof. KS
Small Open (B)
Economy, Fixed &
Floating Exchange
Rate;

Mundell-Fleming
Model
15-16 Review and Recap Prof. CB (A) CLO3 Offline
and Prof. KS
(B)

14. Other -

Course outline format Version 2 4

Applicable date – 1st June, 2022