Welcome to Prime Academy Delhi

The Intermediate Macro Economics – I (ECON 008) Course for BA (Hons) Economics Semester III, UGCF 2023, Delhi University has been taught by Mr. Dheeraj Suri. The Video Lectures are based upon the books prescribed by the University of Delhi. The Duration of Video Lectures is approximately 50 Hours.

Course Fee : Rs. 7,000

Once You get the access you need to login and download our APP and all the lectures from your login account and play in your device.

You will Get

• Full Course Video Lectures
• Complete Study Material (PDF Notes) which includes Concepts, Previous Year Questions, Numerical Questions, MCQ’s and Important Questions
• Online Discussion Forum to Post Your Queries to Discuss with Faculty & other fellow Students
• Live online Doubts Sessions (at least twice a week) for resolution of Doubts
• Mock Tests at the Website
• Video Lectures Cover Theory Portions Exchaustively + Complete Solutions of Back Questions of readings + Solutions of Previous Years Papers + Large Number of Numericals

On Payment of Fee we will create your account on our website & you need to login and download all the lectures & our APP through that login account

Payment Details

To purchase any course you need to transfer the amount either through Google Pay or PhonePe at 9811261671 or Paytm at 9899192027 or Transfer through net banking IMPS into the following account

After transfer update us with payment details through Whatsapp at +91 9899192027

Demo Lectures

Demo PDF of Study Material

Chapter-5-Aggregate-Supply

Demo Quiz

Exam Pattern

Click Here for Reading List of Intermediate Macro Economics – I

Course Content of Our Video Lectures

Lectures are as per Latest Syllabus for UGCF 2023

Unit I : Short Run and Medium Run Equilibrium

Unit – II : Philips Curve and Theory of Expectations

Unit – III : Micro Economic Foundations of Macroeconomic Behaviours

Solutions of Previous Year Papers

Syllabus Prescribed by DU

DISCIPLINE SPECIFIC CORE COURSE -8 (DSC-8) : Intermediate Macroeconomics – I (Foundations of Aggregate Income Determination)

Course Description

Learning Objectives

The Learning Objectives of this course are as follows:

• This course builds upon the basic concepts of macroeconomics. It introduces labour markets and
  the aggregate supply (AS) curve.
• Aggregate Demand (AD) and Aggregate Supply (AS) are brought together to determine equilibrium
  prices and output examine the policy impacts.
• The course discusses Phillips curve and the alleged trade-off between inflation and unemployment.
  Both adaptive and rational expectations are introduced.
• A flavour of micro-foundations is introduced with respect to consumption and investment.

Learning Outcomes

The Learning outcomes of this course are as follows:

This course enables students to analyse the interaction of aggregate demand and supply and the effects of fiscal and monetary policy, trade-off between inflation and unemployment, and consumption and investment behaviour of the households.

Syllabus

UNIT I: Short-run and medium-run equilibrium (15 hours)
The labour market, Wage determination; wages, prices, and unemployment; natural rate of unemployment; from employment to output, Derivation of aggregate supply curve, Interaction of aggregate demand and supply to determine equilibrium output, price level and employment.
UNIT II: Philips Curve and Theory of Expectations (15 hours)
Inflation, unemployment and expectations, Phillips Curve; adaptive and rational expectations; policy ineffectiveness debate.
UNIT III: Microeconomic foundations of macroeconomic behaviours (15 hours)
Consumption: Keynesian consumption function; Fisher’s theory of optimal intertemporal choice; life-cycle and permanent income hypotheses; other theories of consumption expenditure. Investment: determinants of business fixed investment; residential investment and inventory investment.

Recommended readings

• Blanchard, O. (2006). Macroeconomics, 4th ed. Pearson Education.
• C.L.F. Attfield, D. Demery and N.W. Duck (1991). Rational Expectations in
  Macroeconomics: an introduction to theory and evidence2nd Ed.
• Sheffrin, Steve (1996). Rational Expectations. 2nd ed., Cambridge University Press.
• Dornbusch, R., Fischer, S. (1994). Macroeconomics, 6th ed., McGraw-Hill.
• Branson, W. (2013). Macroeconomics:Theory and policy, 3rd ed,EastWestPress.
• Carlin, W and D Soskice (2007), Macroeconomics: Imperfections, Institutions and Policies, Indian
  Edition, OUP.

Syllabus for Intermediate Macro Economics – I as Prescribed by University of Delhi