The course delves upon fundamental concepts of macroeconomics, various models and theories of macroeconomic development, and related concepts. The course is divided into three sections - first, it deals with a conceptual framework related to macroeconomic theory, second deals with various models like classical, Keynesian, and Neo-classical, third deals with macroeconomic variables like money supply, the consumption function, trade cycles, etc.
Basic macroeconomic understanding at the high school level is desired but not mandatory.
50% marks to be secured in exit test
This course will discuss law and economics approaches to public international law. The focus is on insights garnered by applying the economics toolkit to legal issues, rather than doctrinal analysis. Legal rules will only be the starting point of our inquiry. We will ask about the effects of current and potential rules as well as the reason for the existence of these rules. Rather than studying economics, we will apply (micro-)economic methods, which are not limited to issues of the (international) economy. We will cover a wide range of topics – from the sources of public international law to the use of force and international environmental law.
This course is distributed over two modules. The first module begins with a discussion of alternative conceptions of development and their justification. It then proceeds to aggregate models of growth and cross -national comparisons of the growth experience that can help evaluate these models. The axiomatic basis for inequality measurement is used to develop measures of inequality and connections between growth and inequality are explored. The course ends by linking political institutions to growth and inequality by discussing the role of the state in economic development and the informational and incentive problems that affect state governance.
The second module begins with basic demographic concepts and their evolution during the process of development. The governance of communities and organizations is studied and this is then linked to questions of sustainable growth. The course ends with reflections on the role of globalization and increased international dependence on the process of development.
Basic knowledge of mathematics, statistics and Economics
"pass / fail"
Gradation will be based on the whole coursework. Questions will be multiple choice type. 50% will be needed to pass.
The course Macroeconomics deals with GDP, Inflation, IS-LM, etc.
Class Room Quiz-10%
Mini Project: 30%
End-term Examination: 30%