1: Introduction To Macroeconomics
Introduces the fundamental concepts of macroeconomics, its scope, and key concerns like GDP, inflation, and employment.
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What is Macroeconomics?
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Difference between Microeconomics and Macroeconomics
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Macroeconomic Models and Policies
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Not startedGreat Depression and Keynesian Economics
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Not started2: National Income Accounting
Explains the methods of calculating national income, concepts like GDP, GNP, NNP, and related aggregates.
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Basic Concepts of Macroeconomics: Consumption, Investment
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Gross Domestic Product (GDP) and Welfare
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Private Income and Personal Disposable Income
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Not startedLimitations of GDP as a Measure of Welfare
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Not started3: Money And Banking
Covers the evolution and functions of money, commercial banks, and the role of the central bank (RBI) in credit control.
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Evolution and Functions of Money
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Commercial Banks: Functions and Credit Creation
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Quantitative Instruments of Credit Control (Repo Rate, CRR)
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Not startedQualitative Instruments of Credit Control
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Not started4: Income Determination
Explores the aggregate demand-aggregate supply framework, equilibrium output, investment multiplier, and issues of excess/deficient demand.
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Aggregate Demand and its Components
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Aggregate Supply and its Components
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Propensity to Consume and Propensity to Save
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Not startedProblems of Excess Demand and Deficient Demand
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Not started5: The Government Budget And The Economy
Covers the concept of government budget, its objectives, components (revenue & capital), and various types of deficits.
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Concept & Objectives of Government Budget
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Components of Government Budget: Revenue & Capital
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Tax and Non-Tax Revenue
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Not startedDifference between Revenue Expenditure and Capital Expenditure
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Not started6: Open Economy Macroeconomics
Introduces the concepts of open economy, foreign exchange market, balance of payments, and exchange rate determination.
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Concept of Open Economy and International Flows
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Foreign Exchange Market: Demand and Supply
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Determination of Exchange Rate
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Not startedBalance of Trade vs. Balance of Payments
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