Ashoka University’s undergraduate course curriculum is taught across three semesters: Spring, Summer and Monsoon (Fall). Courses are broadly divided into three categories – Foundation Courses (core curriculum), Major & Minor Courses and Co-Curricular Courses.
You may search courses offered at Ashoka here. Please use the drop down menu to choose the specific semester and subject to see the full list of courses under each department. Foundation courses are offered in all semesters and do not have prerequisites. Offerings in other categories differ in each semester. Some higher level major/minor courses may have prerequisites.
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This course takes students to the next level of macroeconomics after the introduction they would have obtained in the Principles course of the first year. In this course, we will focus on the determinantes of three aggregate variables: output, unemployment rate and prices. In particular, we will:
a) use the AS-AD and IS-LM framework to study determinants of output and prices,
b) analyze how three variables move through the business cycle (recurring expansion and contraction of economic activity) and how they relate to each other with a particular focus on the unemployment rate-inflation trade-off (or lack of it),
c) study the effect of monetary and fiscal policy on output and prices,
d) learn the role international linkages (trade in goods and capital mobility) play in determining domestic ouput and prices,
While this courses uses theoretical models to focus our attention on few key variables and mechanisms at a time, we will always endeavor to place the models in historical perspective and keep them empirically informed. Further, we will also explore if the macro behaviour postulated in each model can be micro-founded or not.