This course intends to provide students with the basic understanding of the aggregate economic system: concepts of aggregate demand and supply, national income and product measures, consumption and investment, supply side economics and its applications, the government's role in an economy, use of fiscal, monetary, and exchange rate policies to guide the economy, employment and inflation. It also encompasses macroeconomic analysis both in a closed and open economy, income-expenditure, IS-LM model and modern approaches.
CAREER DEVELOPMENT TRAINING (Non-Credit)
This is a course which provides the students with soft skills that need to be acquired by a professional. The main objective of this course is to develop an individual well-equipped with professional skills and positive attitudes. It also aims to develop a balance personality with higher social and career prospects. Methods of instruction are mainly interactive sessions, guest lectures, discussions, lectures and workshops covering areas of personal grooming, etiquette, planning self-presentation at different occasions and effective interpersonal skills. Two day Outward Bound Training Programme is one of the main events organized under this course. This career development training would be offered in two semesters as Part I, BEC 2041: Career Development Training in the year II, semester I and Part II, BEC 2045: Career Development Training in the year II, semester II.