Diploma
Macroeconomics
The primary goal is to introduce macroeconomic analysis tools, applying them to achieve stability and growth. Students will gain the skills to use macroeconomic tools for rigorous analysis of diverse models and policies.
Course ID: BSMS2208
Course Credits: 4
Course Type: Diploma
Pre-requisites: None
Course structure & Assessments
For details of standard course structure and assessments, visit Academics page.
| WEEK 1 | Macroeconomic measurement |
| WEEK 2 | Inflation |
| WEEK 3 | Unemployment |
| WEEK 4 | Aggregate Demand and fluctuations |
| WEEK 5 | Fiscal Policy |
| WEEK 6 | Monetary policy |
| WEEK 7 | Aggregate Supply |
| WEEK 8 | Understand consumer behaviour |
| WEEK 9 | Theory of Investment |
| WEEK 10 | Open Economy and Exchange Rate |
| WEEK 11 | Long Run Economic Growth |
| WEEK 12 | Government debt and budget deficit |
Prescribed Books
The following are the suggested books for the course:
Gregory Mankiw (2022) Macroeconomics, Macmillan learning,11th Edition,
Goodwin, N., Harris, J., Nelson, J., Rajkarnikar, P., Roach, B., Torras, M. (2023), Macroeconomics in Context, 4th Edition, Routledge.
Stephen Williamson (2018) Macroeconomics, Pearson, 6th Edition.
About the Instructors
Dr. Prakash Sai is a Professor of Strategy with Department of Management Studies, IIT Madras. He specializes in the broad domains of Technology Management & Innovation, Strategy & Policy Studies and Technopreneurship. In a career spanning three decades, he contributed to the growth, profitability and sustainability of several firms in public and private sectors through his consulting work and training programs. He served Tata Consultancy Services (TCS) for over a decade in various capacities as Management Consultant, Business Development Manager and Director (Strategic Planning), North America Operations having USD 1.5 billion revenue. He served as a Visiting Faculty at University of Applied Sciences, Hof, Germany and University of Passau, Germany, Nagaoka University of Technology, Japan, Harare Institute of Technology, Zimbabwe and University of Mauritius. He guided 15 Ph.D. theses and 9 MS theses; published research articles in international journals and co-authored a book, entitled: “Total Quality Management in Higher Education”. He holds B.Tech. Mechanical Engineering, M.Tech. Industrial Engineering, from Sri Venkateswara University, Tirupati; and Ph.D. in Technology Management from IIT Madras.
Other courses by the same instructor: BSMS1204 - Management Thought and Practice and BSMS3206 - Managerial Economics