IIMBx: ES105x Macroeconomics: Theory and Policy

Welcome to Macroeconomics: Theory and Policy

This page will guide you through the course syllabus and provide important information related to this course.

In this six-week course, you will learn how an economy works, the various instruments and indicators which exist alongwith the unique economic terms which dictate the working of economies all around the world.

Pre-requisites

Basic analytical and logical reasoning skills: the ability to understand and draw simple graphs and knowledge of elementary economics.

  COURSE AGENDA

Week	Section Name	Topics Covered	Start Date
1	Basic accounts and indicators of our economy	National Income Accounting Circular flow of Income Measuring GDP Twin Deficit Identity Price Indices Employment Indicators Poverty and Inequality	20 Oct 2022 (03:30 UTC)
2	Consumption and Savings	Introduction to Keynes Keynesian Equilibrium The Multiplier Alternative theories of Consumption Determinants of Investment	27 Oct 2022 (03:30 UTC)
3	Aggregate Demand and Supply	Aggregate Demand Aggregate Supply Equilibrium Managing the economy Case Studies Inflation and deflation Growth	03 Nov 2022 (03:30 UTC)
4	Fiscal Policy	Terms and Definitions Financing the deficit Public Debt Developed and developing country issues Pandemic fiscal policy Fiscal reforms in India	10 Nov 2022 (03:30 UTC)
5	Monetary Policy	Definition and transmission Money supply process Instrument of monetary policy Instruments in India Foreign transactions Monetary policy targets and effectiveness Demonetization in India	17 Nov 2022 (03:30 UTC)
6	Open Economy	Balance of Payments Exchange rates Exchange rate regimes Convertibility Open economy and India	24 Nov 2022 (03:30 UTC)

TIME COMMITMENT

Course Length:

• 6 Weeks
• Each week is released across the globe on Thursday, 03:30 UTC.

Weekly Commitment

5-6 hours per week. This includes the time spent in going through the course materials (videos and reading materials), taking up the assessment and participating in the discussion forums.

Grading Scheme

The course consists of surveys and six end-of-week assessments. The score from each assessment will contribute to the final score, which you can track using the Progress tab.

In order to receive a verified certificate for this course, you will need to get a total score of 50% or higher.

Note: The ungraded assessments are interspersed throughout the course to recall what you have learnt so far. These do not count for final assessments.

Note

• Many of these dates are dynamic and subject to change during the course run. Please be sure to visit the Course Home page and refer to your weekly course email for any change in any of the dates listed above.
• As you work through your course, you’ll see dates and times when new materials are released and when assignments and exams are due. It’s important to remember that edX lists all times in Coordinated Universal Time (UTC), 24-hour format.