Macroeconomics

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1. Concepts of Macroeconomics and National Income Determination

Introduction and Scope of Macroeconomics
Importance of Macroeconomics
Limitations and Variables of Macroeconomics
Difference between Micro and Macro Economics
Circular Flow of Income
Introduction of National Income
Measurement of National Income
Problems in measurement of National Income

2. Macroeconomic Framework

Macroeconomic Framework Classical Model
Keynesian theory of Employment
Difference between Classical and Keynes Model
Consumption Function
Relationship between Consumption and Saving Function
Introduction and Types of Investment Function
Marginal Efficiency of Capital
Marginal Efficiency of Investment
National Income Determination
Multiplier in Microeconomics
Balanced Budget Multiplier (Multiplier in three sector model)

3. Analysis of Money Supply and Inflation

Introduction, Function and Type of Money
Demand For Money
Keynesian Theory
Quantity Theory of Money
Introduction and Type of Inflation
Causes and Effets of Inflation
Measures to Control Inflation

4. Equilibrium of Product and Money Market

Introduction to IS-LM Model
Objectives and Limitations of Monetary Policy
Qualitative Measures of Macroeconomics
Quantitative Instruments
Introduction, Objectives and Instruments of FISCAL Policy
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