Faculty : Dr. Sanjoli Jain (Ph.D. MBA)

Macroeconomics is a branch of economics that studies how an overall economy—the market or other systems that operate on a large scale—behaves. It deals with the performance, structure, and behavior of the entire economy, in contrast to microeconomics, which is more focused on the choices made by individual actors in the economy (like people, households, industries, etc.). Macroeconomics focuses on analyzing the impact of macro variables such as inflation, interest rate, and growth on business. It also focuses on the impact of monetary, fiscal policy, and various other policies on various aspects of business and the economy. Students with prior study of microeconomics in previous will find a great sense of comfort while undergoing this course.

An economic system consists of various economic agents like households, producers, government, and consumers. These agents take various financial activities like production, exchange, and consumption for the purpose of sustaining themselves resulting in mobilization, allocation, utilization, and generation of funds. So there is a need for a mechanism that should facilitate the flow of funds between surplus and deficit units in an economic system known as a financial system. A financial system comprises various financial institutions, markets, instruments, and regulatory bodies and helps the flow of funds from the area of surplus to the area of deficit.

At the end of the course, the students should be able to:

• Apply the concepts and theories of economics for business decision making
• The meaning of unemployment and inflation data and how that data is collected and computed
• The meaning and components of the National Income Accounts, especially GDP;
• To manipulate the basic Aggregate Supply, Aggregate Demand model of the macroeconomy;
• How fiscal policy,monetary policy operates, their tools, and their advantages and drawbacks;
• Understand the working of Banks, Insurance companies, NBFC and the stock market.
• The meaning and components of the Indian financial System

Use data-based decisions to solve managerial problems

There is no fixed textbook prescribed for this course. The concepts and theories used in the course will have to be learned from various sources, including youtube videos, online learning platforms, and internet resources. Data will be obtained from various authentic sources and the same will be used for analysis and estimation using Excel/SPSS. However, students may like to consult the following textbooks to enhance their knowledge of economic principles and their applications:

• JOHN SLOMAN ELIZABETH JONES: Essential economics for business
• MADHUR M MAHAJAN: Indian economy
• DN DWIVEDI: Managerial economics
• RAJESH KOTHARI: Indian Financial System

• It is the responsibility of every student to be aware of the requirements for this course, and understand the specific details included in this document.
• It is emphasized that this course requires a significant commitment outside of formal class contact.
• The learning tasks in this course may include classes (lectures or seminars), required reading, the preparation of answers to set questions, exercises and problems, and self-study.
• It is advisable that student maintains a separate Note Book for this course which can be used for keeping class notes, library notes, and notes of other readings
• It is important to develop the habit of writing notes of classroom discussions and any readings that the students come across.
• Late Submission Assessment tasks submitted after the due date, without prior approval/arrangement, will not be accepted.
• Requests for an extension of time must be made based on special circumstances and it will be the sole discretion of the instructor whether to provide the extension.

Plagiarism is looked at as the presentation of the expressed thought or work of another person as though it is one's own without properly acknowledging that person. In case of plagiarism, marks will be deducted or put to zero. It is also advisable that students must not allow other students to copy their work and must take care to safeguard against this happening. In cases of copying, normally all students involved will be penalized equally; an exception will be if the student can demonstrate the work is their own and they took reasonable care to safeguard against copying. Session Plan Each session will be of 90 minutes. There will be a mix of theory and hands-on data-based discussion. Students must bring their laptop, with SPSS statistical software and wifi for internet browsing. There will be practice sessions and exercises.