Unit I: Nature and Scope of Macroeconomics
- Meaning and Concept of Macroeconomics
- Types of Macroeconomics
- Uses of Macroeconomics
- Distinction and Interdependence Between Microeconomics and Macroeconomics
- Basic Issues in Macroeconomics
Unit II: Theories of Employment
- Classical Theory of Employment
- Principle of Effective Demand
- Determinants of Effective Demand
- Say’s Law and Quantity Theory of Money
UNIT: III Principle of Effective Demand
UNIT: IV Consumption Function and Saving Function
- Meaning of Consumption Function
- Keynes Psychological Law of Consumption Function
- Concept of APC and MPC
- Factor Affecting Consumption Function
- Measure to Raise Propensity to Consume
- Saving Function
- Paradox of Thrift
UNIT: V National Income
- Meaning and Definitions of National Income
- Various Concept of National Income
- Expenditure Method of Measuring National Income
- Importance and Uses of National Income
- The Circular Flow in Two-Sector
- The Circular Flow in Three-Sector
- The Circular Flow in Four-Sector
- Difficulties in Measurement of National Income