Indian Institute of Management Sambalpur

MBA (Core) – Macroeconomics Analysis

Programme MBA (All) Course Macroeconomics Analysis

& Sections

Module II Faculty Prof. Hemachandra Padhan

Faculty Room-102 Students Office hours

Cabin (Faculty contact
Building) hours

Faculty intercom Faculty e- hemachandrap@iimsambalpur.ac.in

number mail

1) Course Objectives:

The primary objective of this course is to discuss the fundamental principles of

macroeconomics and how these principles could be applied to managerial decision making.
The course focuses on how the external factors and policy issues affect the operation of an
economy and how managers need to understand the business dynamics even at firm level so
as to operate accordingly in a broad macro environment.

2) Course content / Coverage (brief):

The course will cover different aspects of macroeconomics including national income
accounting, aggregate demand and supply, Keynesian cross and multiplier effect due to
fiscal and monetary policy changes, IS-LM interaction, demand for and supply of money,
and open macroeconomics.

3) General Description of Pedagogy:

Lectures, case studies and discussions in the class

4) Student learning outcomes from the course:

At the end of the course, the student will be able to:

 Understand the macroeconomic environment and to draw meaningful conclusions from

economic analysis.

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 Frame efficient strategies both at micro and macro level so as to deal issues effectively in
the given macroeconomic scenario.

5) Session Details:

Session
Topic Chapter No.
No. Cases
A
Macroecono
01-03 Evolution of Macroeconomics mics Reader
by Snowdon
and Vane

Mankiw &
Taylor-
Macroecono
mics:
04 Chapter-4
Circular Flow of Income
Mankiw-
Macroeconomics-
Chapter-2,3

Mankiw &
Taylor-
Macroecono
mics:
05-06 Chapter-4
National Income Accounting
Mankiw-
Macroeconomics-
Chapter-2

07-08 Consumption and Investment Mankiw &

Taylor-
Macroecono
mics:
Chapter-8

Mankiw-
Macroeconomics-
Chapter-3, 17, 18

2
 Mankiw-
09-10 Aggregate Demand and Supply Macroeconomics-
Chapter-9,10

Mankiw &
Taylor-
Macroecono
mics:
11-12 Keynesian Cross and Multiplier Chapter-16

Mankiw-
Macroeconomics-
Chapter-10

Mankiw &
Taylor-
Macroecono
mics:
13-14 IS-LM Chapter-16

Mankiw-
Macroeconomics-
Chapter-10,11

Mankiw &
Taylor-
Macroecono
mics:
15-16 Demand for and Supply of Money Chapter-11,12

Mankiw-
Macroeconomics-
Chapter-4,19

17-18 Open Macroeconomics Mankiw &

Taylor-
Macroecono
mics:

3
 Chapter-13,14

Mankiw-
Macroeconomics-
Chapter-5,12

19-20 Case Study Presentation

6) Required text & Course Materials:

1. N. Gregory Mankiw and Mark. P, Taylor (2017), Macroeconomics (4th Updated Edition),
Cengage
2. N. Gregory Mankiw, Macroeconomics (Latest Edition)

7) Optional Course Materials & Readings:

1. Macroeconomics Dornbusch, Fisher & Startz et al. 10th Edition Tata McGraw Hill
2. A Macroeconomics Reader by Snowdon and Vane

Case Studies

1. Japan’s Missing Arrow? By Laura Alfaro and Hilary White. (HBS Case No. 9-715-050)
2. Monetary Policy and the Federal Reserve by Kinda Hachem, Daniel Murphy (UV8330-
PDF-ENG)
3. Fiscal Responses to COVID-19 by Rawi Abdelal, Rafael Di Tella, Vincent Pons, Galit
Goldstein (721011-PDF-ENG)
4. Surviving Venezuela’s Hyperinflation: Automercados Plaza’s, by Alberto F Cavallo,
Mariana Cal and Carla Larangeira. (HBS-9-721-014)
5. India’s Rupee Crisis of 2013, by Ganesh Kumar Nidugala; Rashmi Shukla; Romel Mostafa.
(W15525-PDF-EN)
6. Predicting Inflation through online prices, by Ritwik Banerjee; Nished Singhal; Chetan
Subramanian; Menaka Rao. (IMB763-PDF-ENG)
7. Japan’s Economy: Abenomics from the front and Rearview Mirrors, by Daniel Murphy;
Gerry Yemen. (UV7557-PDF-ENG)
8. Negative Interest Rates: The Bank of Japan Experience by Mitsuru Misawa. (HK1235-
PDF-ENG)

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 8) Assessment Criteria:

Component Weightage Description

Class Participation/Attendance 10 Student attendance as per IIM Sambalpur
Midterm 30 Examination
Group Assignment/Case 30 One Group Assignment.
Analysis
Exams (End-Term) 30 Descriptive Exam at the end of the term
Total 100