Introductory Macro Economics

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►Mathematical Methods for Economics – II

►Introductory Macro Economics

►GE Introductory Probability

The Introductory Macro Economics Course for BA (Hons) Economics Semester II, 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 55 Hours.

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Chapter-2-National-Income-Accounting-1

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Quantity Theory of Money Test #1

1. Please Read the Questions and all the options Carefully, Before Selecting Your Choice.
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3. The Paper has ten Questions
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1 / 10

If the money supply is $3 trillion and nominal GDP is $12 trillion, the income velocity of money is :

2 / 10

If aggregate output is constant while the money supply and its velocity both double, the equation of exchange predicts that the price level will :

3 / 10

The Classical Quantity Theory of Money was based on assumptions that :

4 / 10

Velocity of money is : 

5 / 10

Quantity theory of money implies that :

6 / 10

Given the following information :

Quantity of Money (M) = Rs. 4,800

Nominal GDP = Rs. 96,000

Real GDP = Rs. 48,000

What is the Velocity of money in this country

7 / 10

Given the following information :

Quantity of Money (M) = Rs. 4,800

Nominal GDP = Rs. 96,000

Real GDP = Rs. 48,000

What is the Price Level

8 / 10

Consider the following statements

A : Fisher’s view that velocity is fairly constant in the short run transforms the equation of exchange into the quantity theory money, which states that nominal income is determined solely by movements in the quantity of money.

B : For the classical economists, the quantity theory of money provided an explanation of movements in the price level.

 

9 / 10

The equation of exchange states that

10 / 10

You are given the following data on an economy in 2001 and 2007:
2001              2007

Money Supply                      200                300

Real GDP                               100                 150   

Price Level                             10                     ?

The velocity of circulation is the same in both years.

According to the quantity theory of money what would be the value of the price level in 2007?

 

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Paper Pattern

The end Semester Exam will be of 75 Marks

Course Content of Our Video Lectures

Unit – I : Introduction of Macro Economics

Chapter 1 : Introduction to Macroeconomics

Based Upon Abel, Bernanke & Croushore Chapter 1

Number of Lectures   2 Lectures

Total Duration of Lectures :   110 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Test

Topics Covered

1.1 ►Macroeconomics, Long Run Economic Growth, Business Cycles, Labour Force, Unemployment, Types of Unemployment, Inflation, Nominal and Real Interest Rate,

1.2 ►Open & Closed Economy, Macro Economic Policy, Positive & Normative Economics, Classicals Versus Keynesians

Chapter 2 : National Income Accounting

Based Upon Abel, Bernanke & Croushore Chapter 2

Number of Lectures   5 Lectures

Total Duration of Lectures :   190 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   3 Tests

Chapter 3 : Balance of Payment

Based Upon Abel, Bernanke & Croushore Chapter 5.1

Number of Lectures   1 Lecture

Total Duration of Lectures :   44 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Test

Chapter 4 : Economic Survey

Based Upon Economic Survey

Number of Lectures   1 Lectures

Total Duration of Lectures :   60 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Tests

Unit – II : Money

Chapter 5 : The Monetary System

Based Upon Mankiw Chapter 4.1

Number of Lectures   2 Lectures

Total Duration of Lectures :   77 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Test

Chapter 6 : Quantity Theory of Money

Based Upon Mankiw Chapter 5.1

Number of Lectures   5 Lectures

Total Duration of Lectures :   71 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Tests

Chapter 7 : The Financial Markets

Based Upon Blanchard Chapter 4

Number of Lectures   6 Lectures

Total Duration of Lectures :   202 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   2 Test

Unit – III : Inflation

Chapter 8 : Inflation

Based Upon Mankiw Chapter 5

Number of Lectures   2 Lectures

Total Duration of Lectures :   109 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Test

Chapter 9 : Hyperinflation

Based Upon Blanchard Chapter 23

Number of Lectures   3 Lectures

Total Duration of Lectures :   122 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Tests

Chapter 10 : Economic Survey

Based Upon Economic Survey

Number of Lectures   2 Lectures

Total Duration of Lectures :   120 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Test

Chapter 11 : Inflation Targeting

Based Upon Partha Ray Chapter 1

Number of Lectures   1 Lecture

Total Duration of Lectures :   29 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Tests

Chapter 12 : Role of RBI

Based Upon Pulapre Balakrishnan

Number of Lectures   1 Lecture

Total Duration of Lectures :   29 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Test

Unit – IV : The Closed Economy in Short Run

Chapter 13 : Measurement of Macro Economic Variables

Based Upon Froyen Chapter 2

Number of Lectures   2 Lectures

Total Duration of Lectures :   90 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Test

Chapter 14 : Classical Macroeconomics

Based Upon Froyen Chapter 3

Number of Lectures   4 Lectures

Total Duration of Lectures :   120 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   2 Tests

Chapter 15 : Income and Spending

Based Upon Dornbusch, Fischer & Startz Chapter 9

Number of Lectures   2 Lectures

Total Duration of Lectures :   91 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   1 Test

Chapter 16 : IS – LM

Based Upon Dornbusch, Fischer & Startz Chapter 10

Number of Lectures   5 Lectures

Total Duration of Lectures :   220 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   2 Tests

Chapter 17 : Monetary & Fiscal Policy

Based Upon Dornbusch, Fischer & Startz Chapter 11

Number of Lectures   8 Lectures

Total Duration of Lectures :   308 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   3 Test

End of Syllabus