Macroeconomics is the study of the aggregate performance of the economy including national income, gross domestic product, rate of growth of the economy, changes in unemployment levels, inflation and price levels, etc. The present syllabus intends to provide an understanding of the economy for students at the undergraduate level. The syllabus has been divided into two parts, as Macroeconomics I & II, to be covered in IIIrd and IVth semesters respectively.