Important Note: This course is only for Delhi University 3rd Semester Students, any other enrolment wouldn't be accepted.

About the course:
As per 2024 syllabus 
Recorded Batch
Video Lecture
E-Notes
Assignments
Weekly Live Doubt Session
Previous Year Question Papers Discussed
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Sem 3 Intermediate Macroeconomics I Course Syllabus

Unit 1
Short-run and medium-run equilibrium 
The labour market, Wage determination; wages, prices, and unemployment; natural rate of unemployment; from employment to output;
Blanchard, Ch. 6 p. 117-138

Derivation of aggregate supply curve, Interaction of aggregate demand and supply to determine equilibrium output, price level and employment
Blanchard, Ch. 7 p. 139-163

Unit 2
Philips curve and theory of expectations
Inflation, unemployment and expectations, Philips Curve
Blanchard, Ch. 8-9 p. 165-202; Ch 14 p. 292- 294, 300-308;

Adaptive and rational expectations; policy ineffectiveness debate
Attfield, Demery and Duck, p. 6-9, 18-28; Sheffrin p. 34-40

Unit 3
Microeconomic foundations of macroeconomic behaviours
Consumption: Keynesian consumption function; Fisher’s theory of optimal intertemporal choice; life-cycle and permanent income hypotheses; other theories of consumption expenditure – Duesenberry relative income hypothesis, Random walk model;
Branson, p. 239-268 (excluding the section on Permanent Income and Adaptive Expectations), 268-273 (excluding the section on Choice Structure and Disequilibrium)

Investment: determinants of business fixed investment; residential investment and inventory investment
Jones, Ch. 17, p. 470-495