
Aiming Pareto Optimality

Intermediate Macroeconomics I
Price
4500
Duration
6 months or Exam whichever is earlier
About the Course
Features of Course
Recorded lectures
Quick Doubt Resolution
Complete syllabus covered
Assignments
E-Notes
Access 6 months or exam whichever earlier
Fees - Rs 4,500
Reference Books
1. A. Abel, B. Bernanke: Macroeconomics, 9th ed., Pearson Education (2016)
2. O. Blanchard: Macroeconomics, 7th ed., Pearson Education (2018)
3. W. Branson: Macroeconomics: Theory and Policy, 3rd ed, East West Press (2013)
4. R. Dornbusch, S. Fischer, R. Startz: Macroeconomics, 12th ed., McGraw-Hill (2018)
5. C. Jones: Macroeconomics, 4th ed., W. W. Norton (2016)
SYLLABUS
Unit 1
The labor market
Wage determination; wages, prices and employment; natural rate of unemployment; from employment to output
Unit 2
Aggregate demand and aggregate supply curves
Derivation of aggregate demand and aggregate and supply curves; interaction of aggregate demand and supply to determine equilibrium output, price level and employment
Unit 3
Inflation, unemployment and expectations
Phillips curve; adaptive and rational expectations; policy ineffectiveness debate
Unit 4
Microeconomic foundations
Consumption: Keynesian consumption function; Fisher‘s theory of optimal intertemporal choice; life-cycle and permanent income hypotheses; rational expectations and random-walk of consumption expenditure Investment: determinants of business fixed investment; residential investment and inventory investment Demand for money