Module 1: Introduction to Macro Economics
- Macro Economics: Meaning and Definition
- Macro Economics: Nature
- Macro Economics: Types
- Macro Economics: Subject Matter or Central Issues
- Macro Economics: Scope and Importance
- Macro Economics: Limitations
- Basic Concepts: Stocks, Flow Equilibrium, Short/Long Terms
- Concepts of National Income: (GNP, NNP, GDP, NDP, NI, PI, DI)
- Maintenance of National Income
- Importance of National Income Analysis
- Methods of Measuring National Income
- Difficulties in Measuring National Income (Simple Calculation)
- Question Bank
Module 2: Classical theory of Employment
- Say’s Law of Markets
- Wage-Price Flexibility
- Criticisms of the Classical Theory of Employment
Module 3: Keynesian Theory of Employment
- Concept of Effective Demand and its Determinants
- Equilibrium Level of Income and Employment
- Consumption Function, APC, MPC
- Factors Affecting the Consumption Function
- Investment Function
- Marginal Efficiency of Capital
- Factors Affecting Investment Function
- Multiplier Effect
- Criticism of Keynesian Theory of Employment
Module 4: New Classical Macroeconomics
- New Classical Macroeconomics
- Supply Side Economics and its Theoretical Proposition
- Rational Expectation and Policy Conclusions
Module 5: Macro Economic Policy
- Business Cycles and Role of Macro Economic Policy
- Business Cycles: (Meaning, Types, Phases)
- Meaning of Inflation
- Types of Inflation
- Causes of Inflation
- Control of Inflation
- Effects of Inflation
- Inflationary Gap
- Meaning of Deflation
- Effects of Deflation
- Monetary Policy
- Fiscal Policy
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