Macro Economics (Video)

The course elaborates on the effectiveness of alternative stabilization policies in long run and cyclical Macroeconomic Theory. Assuming that a student has no prior knowledge of the subject, the course begins with a general discussion on how Macroeconomics is different from Microeconomics, common macroeconomic variables, the distinction between very long run Growth Theory, long run Classical Theory and short and medium run cyclical Keynesian Theory, Phillips Curve, Okun’s Law, the structure of a macroeconomic model, and a brief statement on various policy results that follow from the alternative schools of thought (eg classical, Keynesian, new classical etc).

Money & Banking (Video)

This is an introductory course on Indian money and banking. It begins with a discussion on the functions of money, types of money and interest rates. Module 2 discusses the money supply process in India with definitions of Indian monetary aggregates, money multipliers and sources of high powered money in India. Module 3 extensively describes Indian money market instruments. Then, Module 4 follows with a description of the various functions of the Reserve Bank of India including its traditional and non-traditional monetary policy instruments, and Liquidity Adjustment mechanisms. Finally, Module 5 concludes with an overview of the Indian banking system, with particular reference to the commercial and co-operative banks.