1. ANSAL INSTITUTE OF TECHNOLOGY, GURGAON
Course Code: AECO 201
Course Title: Macro Economics
Credits: 3
Faculty: Dr. Meenal Sharma Jagtap
Email: meenal.sharma@aitgurgaon.org
Course Objectives – The primary objective of the course is
a. To familiarize the student with the basic concepts of macroeconomics
b. To develop an insight about utilization of economics concept for better
decision making in business
Sr. Topics Covered Learning Outcomes Learning No. Of
No. Methods lectures
1 Macroeconomic Analysis
Basic concepts and definitions, Outlining the features Practical 8
national income concepts and and significance to Assignment
measurement, Circular flow of describe the meaning & Quiz
income and expenditure. and applicability and Small role
calculation of national play
income.
2 Determination of national income
Classical theory of output and To explain classical and Assignment 9
employment, Keynesian theory of Keynesian theory of & Quiz
income determination (2 sector, 3 income determination
sector and 4 sector model), Change in and describing the
aggregate demand and multiplier. functioning of multiplier
3 Consumption and Investment
To explainvarious Assignment 7
Theories of aggregate consumption. theories of consumption & Quiz
Theory of investment and capital and various concepts of
accumulation, Keynesian approach. investment

2. 4 Monetary and Fiscal policy
Introduction, modern quantity Outlining the monetary PPT 9
theory of money, inflation and and fiscal policy and
deflation, theories of inflation and the concept of inflation
unemployment, monetary and in detail and to explain
fiscal policy. quantity theory of
money
5 Fundamentals of American To Describe capitalism PPT 8
Capitalism, role of government in regard to America
and explaining the role
of government.
Teaching/learning strategies: Lectures, Power point presentations, one-min start up
review and concluding summary, one-minute paper, assignments and quizzes.
Books recommended –
1.Shapiro– Macro Economics
2.Dwivedi D.N.– Macro Economics (Text Book)
Evaluation Structure:
S.No. Criteria Weight age (Marks)
1. Minor Examination 2 30
2. Major Examination 30
3. Assignments/Quiz/ Class 40
participation/Attendance
Total 100