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Quick Facts

Medium Of InstructionsMode Of LearningMode Of Delivery
EnglishSelf StudyVideo and Text Based

Course Overview

The Intention behind the campaign of Swayam is to bridge the gap between the digital revolution and the underprivileged section of students, considering the unavailability of resources, economical shortcomings and lack of an adequate platform. The Indian Education Policy has three main goals highlighted in its objective, i.e. Access, Quality, and Equity, and to achieve the same, the Education Policy of the Government of India has included the creation of an Online Platform to provide free learning to the students of Class 9 level or those up to Post-Graduation.

All the courses on the website are designed by more than thousands of learned faculties. They have been specially appointed for the job. The courses are reviewed and implemented by Nine National Coordinators, namely the IGNOU, IIMB, UGC, NCERT, NIOS, CEC, AICTE, NITTTR, and NPTEL. The programme is named ‘Swayam’ meaning ‘Self-Efficient’ or ‘Self-Learning’ and aims to bridge the educational gap among the digitally unhinged masses of students, even those deprived of formal education.

The programmes offered by Swayam including Principles of Macroeconomics – I, have four different medium of imparting education that helps in developing the grasping strength of the learner and ensuring a complete understanding of the Subject including- Video Lectures, Quizzes and Practice Tests, Discussion Platform, and softcopy of Reference Material.

The Highlights

  • UGC Certification from Swayam
  • Final Grade Sheet
  • Undergraduate Course
  • Doubt-clearing forum
  • Integrated Online Reading Material
  • Book References
  • Audio-visual Lectures
  • Online Tests and Quizzes
  • Transfer of Credit to University
  • Experienced Faculty

Programme Offerings

  • Doubt-clearing forum
  • Integrated Online Reading Material
  • Online Tests and Quizzes
  • Book references
  • Audio-visual Lectures
  • Transfer of Credit to University
  • UGC Certification from Swayam
  • Final Grade Sheet

Courses and Certificate Fees

Certificate AvailabilityCertificate Providing Authority
yesMDU Rohtak

Eligibility Criteria


Principles of Macroeconomics – I Certification course is of importance to the students of Economics or those pursuing commerce as a discipline. This course will also help students in the preparation for competitive exams like IAS and IES.

Certification Qualifying Details

To get a certification after the completion of the programme, the candidate scores will be taken into account as per - 30% of Course Assessment and 70% of End-term Proctored Exam.

What you will learn

Financial knowledge

With Principles of Macroeconomics – I Certification, the candidate will learn to comprehend:

  • The role of Monetary and Fiscal Policies
  • Various Macroeconomic issues
  • The role of Money in an Economy
  • The Determinants of National Income

Who it is for

The programme of Principles of Macroeconomics – I Certification is highly recommended for students who are studying Economics or Commerce and are interested in preparing for Competitive Exams like IAS and IES.

Admission Details

The process under Principles of Macroeconomics – I Certification is quite simple. Follow the given steps to register:

Step 1: Click on

Step 2: Click on ‘Sign in’/ ‘Register’ and create an account.

Step 3: Once you've registered, click on the link which appears to proceed.

Step 4: If a Registration link is unavailable, try again later, as it may take some time.

Step 5: Complete your Enrolment and fill the details.

The Syllabus

  • Nature and Scope of Macroeconomics
  • Importance and limitations of Macro Economics
  • Basic concepts of Macro Economics

  • Business cycles
  • Circular flow of National Income
  • National Income and related concepts

  • Concepts of National Income
  • Income and output methods of measurement of National Income
  • Expenditure method of measurement of National Income
  • Problems in measurement of National Income and its significance

  • Nominal GDP, Real GDP, Potential GDP, National Product and Economic Welfare.
  • Aggregate Demand/Expenditure
  • Aggregate Supply & Short Run Equilibrium   through AD & AS
  • Consumption Function

  • Psychological Law of Consumption
  • Various Determinants of Consumption
  • Absolute Income Hypothesis and Relative Income Hypothesis
  • Permanent Income Hypothesis

  • Saving and Investment Function
  • Equilibrium GDP
  • Autonomous Expenditure and Multiplier
  • Features, Limitations, Leakages and significance of Multiplier

  • Fiscal Policy – Instruments, Objectives and Achievements
  •  Fiscal Policy in a Developing Economy, Limitations and Types of Fiscal Policy
  •  Impact of fiscal policy on demand side and supply side

  • Impact of Government Expenditure and Taxes on National Income
  • Net Exports and Equilibrium of National Income
  • Definition and Evolution of Money

  • Definition and Evolution of Money
  • Functions of Money
  • Demand for Money

  • Fisher’s Quantity Theory of Money
  • Cash Balance Approach to the Quantity Theory
  • Milton Friedman’s Quantity Theory of Money

  • Keynesian Liquidity Preference Theory of Rate of Interest
  • Money supply
  • Credit creation

  • Monetary Policy and its Objectives
  • Methods of Credit Control
  • The Monetary Transmission Mechanism

Evaluation process

The certificate for Principles of Macroeconomics – I Certification programme will be issued on the basis of the grades scored in the integrated assessment, viz. 30% of Course Assessment and 70% of the End-term Proctored Exam.


MDU Rohtak Frequently Asked Questions (FAQ's)

1: Under which category does the course fall?

The Principles of Macroeconomics – I Certification programme falls under the category of Humanities and Social Sciences.

2: How long does the course last for?

It is a 15 week long Undergraduate course.

3: Will there be Online Video Lectures available for the course?

Yes, Online Video Lectures are available for the course for a registered candidate.

4: Does Swayam provide a Grade Sheet for an Undergraduate course?

Yes, Swayam provides a Grade Sheet for an Undergraduate course as well.

5: Is the programme useful for UPSC aspirants?

Yes, it is beneficial for UPSC Aspirants because of its undergraduate curriculum in Economical Studies.

6: Are the Principles of Macroeconomics – I Certification a Core or Elective Course?

It is formulated as a Core course with a basic curriculum and is not an Elective.

7: Is there Reputed Faculty on Swayam?

Swayam is a Government of India initiative and thus all the teaching Faculty is specifically recruited to suit the interests of the candidates.

8: Can the grades of this programme be transferred to a University report card under the CBCS system?

Yes, UGC has begun the process of Credit Transfer to the university report card.

9: What is the basic concept included in the course?

After the completion of the course, a candidate will develop the understanding of Macroeconomic Issues, National Income, Monetary and Fiscal Policies and even the role of Money in the Economy.


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