Course Description

In this course, we will study the fundamental mechanism of macro economy with reference to Mankiw's text book ‘Principles of Economics (Macro)’. This course includes (a) business cycle, (b) the multiplier theory, (c) the IS-LM model, (d) consumption and wholesale price index, (e) inflation and deflation, (f) labour market and unemployment, (g) Philips curve, (h) balance of payments, (i) exchange rate, and so on.