Introduction to Economics II

How does the Indian economy work, and how has it changed over the course of the 20th century?

What are the macroeconomic features of capitalist economies? How does the Indian economy work, and how has it changed over the course of the 20th century? Why do we still have unemployment and unequal income distribution, and what can be done about this? What is globalization and the free movement of goods, services and labour? In this course, you will understand how to use economic concepts in macroeconomics to solve complex problems in society. We offer you a close overview of macroeconomic and distributional aspects of contemporary Indian economy through a close look at theory and their histories. You will learn how to use economic data to support claims and understand the role and function of money, the concept of inflation and learn of the workings of important financial institutions that shape the way in which we live. Finally, learn what caused the Great Depression and Global Financial Crisis, how to compute green GDP’ and use your skills to critically assess India’s Union Budget and Economic Survey documents.