IDEAS home Printed from https://ideas.repec.org/a/ids/ijplur/v4y2013i4p352-370.html
   My bibliography  Save this article

A critique of macroeconomics curriculum in India

Author

Listed:
  • Rajesh Bhattacharya
  • Anirban Mukherjee

Abstract

In this paper, we review the macroeconomics curriculum dominantly used in Indian universities and suggest its radical overhaul. The macroeconomics taught in Indian universities is based on the theoretical structure used to discuss the macroeconomics of the developed countries and which do not address the stylised macroeconomic facts of India. Given the status of contemporary macroeconomics as a theoretical space for grounding policy debates, we argue that we need a relevant macroeconomics curriculum that take into account the institutional features of the Indian economy. In this context, we contrast neoclassical, Keynesian and Marxist approaches to the twin problems of accumulation and subsistence, which we identify as the main policy objectives. We argue for a more pluralistic approach to teaching of macroeconomics.

Suggested Citation

  • Rajesh Bhattacharya & Anirban Mukherjee, 2013. "A critique of macroeconomics curriculum in India," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 4(4), pages 352-370.
    • Handle: RePEc:ids:ijplur:v:4:y:2013:i:4:p:352-370
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=60177
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijplur:v:4:y:2013:i:4:p:352-370. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=319 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.