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Economics Second Semester Syllabus

Module 1: Introduction to Macro Economics

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

Module 5: Macro Economic Policy

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Fathimath Sama
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