Notice
Internal Assessment (IA, 30 Marks) & Continuous Assessment (CA, 40 Marks)
Paper: Principles of Macroeconomics-I (GE)
Sem 2 Section B
Session: January 2025
Subject: Schedule of Internal Assessment (IA) and Continuous Assessment (CA)
Dear Students,
This is to inform you that two important tests (for IA) and an assignment (For CA) are
scheduled in this semester. Please take note of the following details:
1. Test 1 (12 Marks)
§ Date: 7th April 2025
§ Time: 12:30 PM
§ Venue: SV-002
§ Syllabus: Unit I & II
2. Test 2 (12 Marks)
§ Date: 28th April 2025
§ Time: 12:30 PM
§ Venue: SV-002
§ Syllabus: Unit III & IV
All students are required to be present for the tests on time. Kindly ensure that you come
prepared with the necessary materials. Any absence must be reported in advance with a valid
reason.
3. Assignment (35 Marks)
All students are required to submit an assignment in PDF format in Google Classroom
only. The Code for joining the Google Classroom is e2w53y6e . All the instructions have been
given in google classroom. Last date for submitting the assignment is 15th April 2025.
WhatsApp Group: https://chat.whatsapp.com/DIKyhfm3Ya51gJtWIwazgt
Please visit the WhatsApp group frequently for information related to this paper.
Marking scheme:
Internal Assessment (IA) ->
Test 1(12 Marks) + Test 2 (12 Marks) + Attendance (6 Marks) = IA Total (30 Marks)
Continuous Assessment (CA) ->
Assignment which includes project report, presentation, Viva-voce, tests etc (35 Marks) +
Attendance (5 Marks) = CA Total (40 Marks)
For any further information, please contact the respective subject teacher.
Best regards,
Dr. Yogesh Murariya
Assistant Professor
Department of Economics
Motilal Nehru College, University of Delhi
Department of Economics,
Delhi School of Economics
University of Delhi
Minutes of Meeting
Subject : Common Pool of GE Code : ECON026
Semester : II/IV/VI/VIII
Course : Principles of Macroeconomics I
Date : 26/11/2024 at 11:15 AM
Venue : Department of Economics
Chair : Dibyendu Maiti, Swati Saini
The meeting was attended by the following teachers:
S.No. Name College
1. Gurusharan Rastogi Aryabhatta College
2 Saachi B. Bhagat Aryabhatta College
3. Swarup Santra Satyawati College
No changes were suggested in the syllabus during the meeting. The topic-wise reading list
from the minutes of the meeting dated 23.1.2024 is appended below.
Readings:
1. Andrew Abel, Ben Bernanke and Dean Croushore (2020): Macroeconomics (10th edition),
Pearson
2. Olivier Blanchard (2017): Macroeconomics (7th edition), Pearson
3. Rudiger Dornbusch, Stanley Fischer and Richard Startz (2011): Macroeconomics (11th
edition), McGraw-Hill
Topic-wise Readings:
UNIT – I: Introduction (05 Hours)
What is macroeconomics? Macroeconomic issues in an economy
(i) Abel, Bernanke and Croushore: Chapter 1(Introduction to Macroeconomics)
UNIT – II: National Income Accounting (10 Hours)
Concepts of GDP and National Income; measurement of national income and related
aggregates; nominal and real income; limitations of the GDP concept
(i) Abel, Bernanke and Croushore: Chapter 2 (The Measurement and Structure of the
National Economy)
UNIT – III: Determination of GDP (10 Hours)
Actual and potential GDP; aggregate expenditure; consumption function; investment
function; equilibrium GDP; concepts of MPS, APS, MPC, APC; autonomous expenditure;
Concept of multiplier
(i) Dornbusch, Fischer and Startz: Chapter 1, Section 1.2, pages 14-16 (The Business Cycle
and Output Gap) and Chapter 9 (Income and Spending)
(ii) Abel, Bernanke and Croushore: Chapter 4 (Consumption, Saving and Investment)
UNIT – IV: National Income Determination in an Open Economy with Government (10
Hours)
Income determination; Fiscal Policy: impact of changes in government expenditure and
taxes; net exports function; net exports and equilibrium national income.
(i) Dornbusch, Fischer and Startz: Chapter 9 (Income and Spending)
(i) Abel, Bernanke and Croushore: Chapter 5, Section 5.2, pages 214-215 (Goods Market
Equilibrium in an Open Economy)
UNIT – V: Money in a Modern Economy (10 Hours)
Concept of money in a modern economy; monetary aggregates; demand for money; quantity
theory of money; liquidity preference and rate of interest; money supply and credit creation;
monetary policy.
(i) Abel, Bernanke and Croushore: Chapter 7, Section 7.1, pages 274-281 (What is Money)
(ii) Blanchard: Chapter 4 (Financial Markets I)
Assessment:
1. Internal Assessment (IA): 30 marks
(i) one class test (12 marks),
(ii) one assignment (12 marks),
(iii) class attendance (6 marks)
2. Continuous Assessment (CA): 40 marks
(i) two class tests (adding up to 15 marks),
(ii) A group research project with presentation, preferably looking at Indian data, especially
for concepts and aggregates discussed in units 1, 2 and 5 (20 marks),
(iii) class attendance (5 marks)
3. End-semester (Final) Exam: 90 marks - will comprise numerical and other questions.
Weightage of each unit in the final examination:
Unit I and II - 20 marks
Unit III - 20 marks
Unit IV - 25 marks
Unit V - 25 marks
There will be internal choice within each section.
