Minutes BAP Sem IV Principles of Macroeconomics II
Minutes BAP Sem IV Principles of Macroeconomics II
Minutes BAP Sem IV Principles of Macroeconomics II
UNIVERSITY OF DELHI
DELHI SCHOOL OF ECONOMICS
DEPARTMENT OF ECONOMICS
Minutes of Meeting
Subject B.A. Programme Fourth Semester
Course PD41 Principles of Macroeconomics II
Date: Saturday 21st December 2021
Venue Zoom Meeting hosted by Department of Economics, Delhi School of
Economics, University of Delhi
Venue Online: Join Zoom Meeting
https://zoom.us/j/6988145585?pwd=YVFkNmhsVzM1Mk4wMEZybjluYjBCUT
09
Meeting ID: 698 814 5585
Passcode: 0xVyNR
Convenor Dibyendu Maiti
Attended by:
Nidhi Dhamija Hindu College
Renu Kumari Verma Motilal Nehru College Evening
Chetan Kumar Dyal Singh evening college
Meenakshi kohli Mata Sundri college
Kakali Barua Lady Shri Ram College for Women.
Srividya Subramaniam SGTB Khalsa College
Pragya Shankar Ram Lal Anand College
Mamta Ahuja Sri Guru Nanak Dev Khalsa College.
Deepika Goel Aryabhatta College
Rakesh Kumar Maharaja Agrasen College
Renu Sinha Satyawati College (m)
Gatikrushna Mahanta Zakir Husain Delhi College (M)
Suggested number of lectures:
Unit 1‐ 20, Unit 2 ‐ 15; for Units 3‐ 10 and 4 ‐15.
Readings:
1. Abel, A., Bernanke, B. (2008). Macroeconomics, 5th ed. Pearson Education.
2. Blanchard, O, Johnson, D. (2017). Macroeconomics, 6th ed. Pearson Education.
3. Dornbusch, R., Fischer, S., Startz, R. (2018). Macroeconomics, 12th ed. McGraw‐Hill
Education India.
Topic‐wise Readings:
Unit 1
IS‐LM Analysis: Derivations of the IS and LM functions; IS‐LM and aggregate demand; shifts
in the AD curve
(i) Dornbusch, Fisher and Startz Chapter 11 “Money, interest and Income”(Section
11‐5 to be excluded).
(ii) Dornbusch, Fisher and Startz Chapter 12 “Monetary and Fiscal Policy” (Section
12‐5 to be excluded).
Unit 2
GDP and Price Level in Short Run and Long Run: Aggregate demand and aggregate supply;
multiplier analysis with AD curve and changes in price levels; aggregate supply in the SR and
LR
(i) Blanchard and Johnson Chapter 6 “The Labor Market”.
(ii) Blanchard and Johnson Chapter 7 “Putting All Markets Together: The AS‐AD
Model”.
Unit 3
Inflation and Unemployment: Concept of inflation; determinants of inflation; relationship
between inflation and unemployment: Phillips Curve in short run and long run
(i) Abel and Bernanke Chapter 12 “Unemployment and Inflation”.
Unit 4
Balance of Payments and Exchange Rate: Balance of payments: current account and capital
account; market for foreign exchange; determination of exchange rate
(i) Abel and Bernanke Chapter 5 “Saving and investment in the Open Economy”
(Sections 5.1 and 5.2).
(ii) Abel and Bernanke Chapter 13 “Exchange rates, Business Cycles and
Macroeconomic Policy in the Open Economy” (Section 13.1 and 13.2).
Assessment:
1. Internal evaluation will comprise 1 class test and another test or presentation (10 marks
each) and 5 marks for attendance.
2. The end semester exam (75 marks) will comprise of two sections: A and B. Sections A will
comprise short questions of 5 marks each (5 to be attempted out of 7) and Section B will
comprise long questions of 10 marks each (5 to be attempted out of 7). Questions based on
numerical problems of approximately 15 to 20 marks to be included. The examination
weightage: Unit 1 shall have 40% weightage with the rest of the sections having 20%
weightage each.