Tiêu đề LB-404 Economics- Macro Economics.pdf ✅

Semester-IV Academic Session 2024-25 Paper Code: LB 404 HIMACHAL PRADESH NATIONAL LAW UNIVERSITY, SHIMLA (Established by Himachal Pradesh National Law University Act, 2016 (Act No. 16 of 2016) Course Outline & Teaching Plan Economics-II (Macro Economics) (LB-404) B.A. L.L.B/B.B.A. L.LB. (FYIC) Semester-IV Session-2024-25 Syllabus Designed by: Dr Hari Chand Reading Material Edited and Complied by: Dr Hari Chand HIMACHAL PRADESH NATIONAL LAW UNIVERSITY SHIMLA, 16 Mile, Shimla-Mandi National Highway, Ghandal District, Shimla, HP-171014. Ph.0177-2779803. Fax: 0177-2779802 Website: http://hpnlu.ac.in

Himachal Pradesh National Law University Shimla Semester-IV Academic Session 2024-25 Paper Code: LB 404 Page 2 knowledge, including basic concepts like GDP, inflation, unemployment, and economic growth, while providing historical context to demonstrate the practical application and outcomes of macroeconomic theories. Move on to discuss theoretical frameworks, covering classical and Keynesian economics and their differing views on government intervention, as well as modern theories like monetarism, supply-side economics, and new classical economics. Equip students with analytical tools, emphasizing the use of mathematical models to represent macroeconomic phenomena, and encourage critical thinking through real-world applications and case studies. Using a mix of lectures, discussions, and hands-on activities can help reinforce these concepts and ensure a comprehensive understanding of macroeconomics. By discussing these aspects, educators can foster a holistic understanding of economics that goes beyond theoretical knowledge, preparing students to apply their learning thoughtfully and responsibly in real-world contexts. Evaluation: (Maximum Marks 100) (4 Credits) Sr. No. Component Weightage 1. Written Assignment and Presentation 25 (15+10) 2. Mid-Term Examination 25 3. End-Term Examination 50 Syllabus and Teaching-Learning Plan The Course Content is divided into four modules, each module consists of five sub-topics. The number of lectures to be delivered for each sub-topic and the contents covered under the sub-to picare specified briefly. The course shall be covered by a classroom lecture of 60 hours (48 classes). Each Module must have a minimum of 9 classes, however, all four modules must be finished in not less than 48 classes. Sub Topics Name of the Module & Sub Topics Number of Lectures Content Covered (Description in 50-100 words for each sub-module) Module 1: Introduction to Macroeconomics and National Income Accounting 1.1 Basic issues studied in macroeconomics; 3 This section introduces the
Himachal Pradesh National Law University Shimla Semester-IV Academic Session 2024-25 Paper Code: LB 404 Page 3 Statics, Comparative Statics and Macro- Dynamics. fundamental issues addressed in macroeconomics, including economic growth, inflation, unemployment, and fiscal and monetary policies. It differentiates between statics (analysis at a specific point in time), comparative statics (comparison of economic outcomes before and after a change), and macro-dynamics (study of economic processes over time). 1.2 Introduction to National Income, Basic Concepts, Concepts of GDP, GNP, NDP and NNP at market price and factor cost; Private Income, Personal Income and Disposable Personal Income; Real versus Nominal GDP, GDP Deflator. 3 This section explains various measures of national income and output, such as Gross Domestic Product (GDP), Gross National Product (GNP), Net Domestic Product (NDP), and Net National Product (NNP). It also covers different types of income, including private income, personal income, and disposable personal income. The distinction between real GDP (adjusted for inflation) and nominal GDP (not adjusted) is discussed, along with the GDP deflator, which measures price level changes. 1.3 Rules and approaches of Measurement of GDP (Income, expenditure, product and Value-added approaches). 2 Students will learn the different methods for calculating GDP. The income approach sums up all incomes earned in the production process, the expenditure approach totals all spending on final goods and services, the product