BEC102 | Economics II

This is an introductory macroeconomics course with application to the Indian economy. It incorporates comparative aspects as and when required, to understand the working of policies oriented towards growth and stabilisation.

The course will provide an understanding of the measures of aggregate economic activity – economic growth, unemployment, inflation, trade and the use of monetary and fiscal policy to bring about desirable changes in the economy. In this process we engage with the approaches of different ‘schools’ of thought including the Classical, Keynesian, Monetary, Rational and Supply Side approaches.