Intermediate Macro Economics -I

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The Intermediate Macro Economics - I Course for BA (Hons) Economics Semester III, Delhi University has been taught by Mr. Dheeraj Suri. The Video Lectures are based upon the books prescribed by the University of Delhi. The Duration of Video Lectures is approximately 50 Hours.
Course fee is Rs. 5500
Access of Video Lectures is provided on one device, Windows Computer or Android Phone, till end of Semester III Exams.
Once You get the access you need to login and download our APP and all the lectures from your login account and play in your device.

You will Get

  • Full Course Video Lectures
  • Complete Study Material, which covers Important Questions and Questions from Previous Year Exams
  • Video Lectures Cover Theory Portions Exchaustively + Complete Solutions of Back Questions of readings + Solutions of Previous Years Papers + Large Number of Numericals
  • Live Online Doubts Sessions



For Demo Lectures Whatsapp us at   +91 9899192027


Course Content


Unit 1 : The Labour Market
Chapter 1 : The Labour Market

1.1 Labour Market Introduction                         [27 Minutes]

1.2 Wage Determination                                     [60 Minutes]

1.3 Employment and Output                              [30 Minutes]

1.4 Practice Questions                                       [60 Minutes]


Unit 2 : Aggregate Demand and Aggregate Supply Curves
Chapter 2 : Aggregate Demand
2.1 Aggregate Demand                                         [37 Minutes]

2.2 Slope of Aggregate Demand                          [30 Minutes]

2.3 Aggregate Demand Policies                           [18 Minutes]

2.4 Aggregate Supply                                       [77 Minutes]


Chapter 3 : Interaction Between Aggregate Demand & Supply     [199 Minutes]

3.1 Aggregate Supply                                                          [82 Minutes] 

3.2 Monetary and Fiscal Policy Using AS AD                    [97 Minutes]


Unit 3 : Inflation, Unemployment and Expectations
Chapter 4 : Phillips Curve and Okun's Law     [285 Minutes]

4.1 Phillips Curve                        [116 Minutes]

4.2 Okun's Law                            [86 Minutes]

4.3 Sacrifice Ratio                       [32 Minutes]

4.4 Okun's Law Numericals        [51 Minutes]


Chapter 5 : Expectations     [295 Minutes]
5.1 Expectations Introduction                     [29 Minutes]

5.2 Expectations                                                      [115 Minutes]

5.3 Expectations                                                     [95 Minutes]

5.4 Policy Ineffectiveness Proposition       [56 Minutes]


Unit 4 : Micro Economic Foundations
Chapter 6 : Consumption     [237 Minutes]
6.1 Consumption                  [74 Minutes]
6.2 Consumption                  [43 Minutes]
6.3 Consumption                  [49 Minutes]
6.4 Consumption                  [71 Minutes]
Chapter 7 : Investment     [155 Minutes]
7.1 Investment                    [78 Minutes]
7.2 Investment                    [23 Minutes]
7.3 Investment                    [54 Minutes]
Chapter 8 : Demand for Money     [200 Minutes]
8.1 Demand for Money                            [31 Minutes]
8.2 Regressive Expectations Model      [44 Minutes]
8.3 Portfolio Balance Approach             [53 Minutes]
8.4 Transaction Demand                         [35 Minutes]
8.5 Precautionary Demand                     [37 Minutes]
Previous Year Papers

2017 Paper

2018 Paper

2019 Paper


Course Description

Course Objective

This is the second module of a three-module sequence on Macroeconomics. This course introduces students to formal modeling of the macroeconomy in terms of analytical tools. It discusses various alternative theories of output and employment determination in a closed economy in the short run as well as medium run, and the role of policy in this context.  It also introduces students to various micro-founded theories of macro behaviour, e.g., consumption and investment behaviour of households and the demand for money generated in the household sector. 


Course Learning Outcomes

This course enables students to analyse the macroeconomic performance of various countries using formal analytical tools. It also allows them to evaluate important macroeconomic policies and their implications.  


Unit 1

The labour market Wage determination; wages, prices and employment; natural rate of unemployment; from employment to output 


Unit 2

Aggregate demand and aggregate supply curves Derivation of aggregate demand and aggregate and supply curves; interaction of aggregate demand and supply to determine equilibrium output, price level and employment 


Unit 3

Inflation, unemployment and expectations Phillips curve; adaptive and rational expectations; policy ineffectiveness debate 


Unit 4

Microeconomic foundations Consumption: Keynesian consumption function; Fisher‘s theory of optimal intertemporal choice; lifecycle and permanent income hypotheses; rational expectations and random walk of consumption expenditure 

Investment: determinants of business fixed investment; residential investment and inventory investment 

Demand for money 



1. Abel, A., Bernanke, B. (2016). Macroeconomics, 9th ed. Pearson Education.

2. Blanchard, O. (2018). Macroeconomics, 7th ed. Pearson Education.

3. Branson, W. (2013). Macroeconomics: Theory and policy, 3rd ed, East West Press.

4. Dornbusch, R., Fischer, S., Startz, R. (2018). Macroeconomics, 12th ed. McGraw-Hill.

5. Jones, C. (2016). Macroeconomics, 4th ed. W. W. Norton.

6. Mankiw, N. (2016). Macroeconomics, 9th ed. Worth Publishers. 



Video Lectures are also available for :
Eco (H) Sem I
Mathematical Methods for Economics I
Introductory Micro Economics
Calculus (GE)
Eco (H) Sem II
Mathematical Methods for Economics II
Introductory Macro Economics
Linear Algebra (GE)
Eco (H) Sem III
Intermediate Micro Economics I
Intermediate Macro Economics I
Statistical Methods
Financial Economics (SEC)
Data Analysis (SEC)
Differential Equations (GE)
Money and Banking (GE)
Eco (H) Sem (IV)
Intermediate Micro Economics II
Intermediate Macro Economics II
Introductory Econometrics
Data Analysis
Eco (H) Sem V
Development Economics I
Indian Economy I
Applied Econometrics
International Economics
Public Economics
Eco (H) Sem VI
Development Economics II
Financial Economics
Money & Financial Markets
Environmental Economics
BBE ALL Semester
B Com (H) ALL Semester
MA Economics Entrance
UGC NET Economics


For any query feel free to contact at
Dheeraj Suri Classes
Prime Academy