Semester Courses/Delhi University BA (Hons) Economics/ECON008
ECON008DU · Semester 3
Intermediate Macroeconomics I
DU Semester 3 — Labour market, AS-AD model, expectations, Phillips Curve, consumption theories, and investment.
Course Syllabus
- The Labour Market: wage determination, wages/prices/unemployment relationship
- Natural rate of unemployment
- Derivation of the Aggregate Supply (AS) Curve
- AD-AS interaction: determination of equilibrium output, price level, and employment
- Inflation, unemployment, and expectations
- Phillips Curve, adaptive expectations, and rational expectations
- Policy ineffectiveness debate
- Consumption: Keynesian function, Fisher's intertemporal choice
- Life-cycle hypothesis and permanent income hypothesis
- Investment: business fixed investment, residential investment, and inventory investment
Reference Books
- Blanchard, O. Macroeconomics. Pearson.
- Dornbusch, R., Fischer, S., & Startz, R. Macroeconomics. McGraw-Hill.
Who Will Teach You
S
Suman Ma'am
PhD Mathematics, University of Delhi
M
Mahima Ma'am
SRCC, DSE, NET Qualified
S
Samkith Sir
SXC, ISI MSQe Topper
S
Saurabh Sir
JNU, JRF Qualified
I
Insiya Ma'am
ISI, MSQe
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