Overview

A fair understanding of the fundamental principles governing macroeconomic variables is essential for business practitioners. Students learn to define, measure and critically appraise the fundamental macroeconomic variables like national income, price stability, interest rates, employment of resources, aggregate demand and supply and the overall level of economic activity. Through project-based techniques and group assignments, the students develop an insight into the roles of fiscal and monetary policy in stabilizing an economy within the framework of Classical, Keynesian, and other models of economic growth both in developed and developing economies.