Your roadmap · आपका रोडमैप
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Admission & first meetingप्रवेश और पहली मुलाकातEnquire at your nearest NDSS centre, meet the teacher, fix the batch time and get your study material.
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Part 1 of the syllabusपाठ्यक्रम भाग 1Unit-wise coaching with notes and doubt classes.
Unit 1: National IncomeUnit 2: Theories of EmploymentUnit 3: Consumption, Investment and Multiplier
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Part 2 of the syllabusपाठ्यक्रम भाग 2Unit-wise coaching with notes and doubt classes.
Unit 4: InflationUnit 5: Trade Cycles
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Unit tests & assignmentsयूनिट टेस्टRegular tests in the university / board pattern.
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Semester 2 exam (university / board)विश्वविद्यालय / बोर्ड परीक्षाPrevious papers and full revision before the exam.
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Online tests & resultऑनलाइन टेस्ट और रिज़ल्टTake the tests online; your marks and result show in your student login and at the centre.
Syllabus · पाठ्यक्रम
1 subject · 5 chapters · 31 topics
01Unit 1: National Income
7 topics+
- Macroeconomics: meaning and scope
- Circular flow of income in two, three and four sector economies
- GDP, GNP, NNP, NI, PI and DPI
- Market price and factor cost
- Product, income and expenditure methods
- Real and nominal GDP; GDP deflator
- Difficulties in measuring national income
02Unit 2: Theories of Employment
6 topics+
- Say's law of markets
- Classical theory of employment
- Keynes' critique of the classical theory
- Aggregate demand and aggregate supply
- Principle of effective demand
- Equilibrium with unemployment
03Unit 3: Consumption, Investment and Multiplier
6 topics+
- Consumption function: APC and MPC
- Keynes' psychological law of consumption
- Saving function: APS and MPS
- Types of investment; marginal efficiency of capital
- Investment multiplier
- Accelerator principle
04Unit 4: Inflation
6 topics+
- Meaning and types of inflation
- Demand-pull and cost-push inflation
- Effects of inflation
- Measures to control inflation
- Deflation and stagflation
- Phillips curve
05Unit 5: Trade Cycles
6 topics+
- Meaning and features of trade cycles
- Phases: expansion, peak, recession, trough, recovery
- Hawtrey's monetary theory
- Keynes' view of the trade cycle
- Samuelson-Hicks multiplier-accelerator interaction
- Measures to control trade cycles
About this course
You will be able to
- Explain the circular flow of income and the concepts of GDP, GNP, NNP, NI, PI and DPI
- Compute national income aggregates and real GDP using the GDP deflator
- Compare the classical and Keynesian theories of income and employment
- Explain the consumption function, MEC, the investment multiplier and the accelerator
- Describe the types, causes, effects and control of inflation and the Phillips curve
- Explain the phases and main theories of trade cycles
Who it is for
- B.A Semester 2 students with Economics as a major subject (UP State Universities, NEP 2020)
- Students taking Macroeconomics as a minor or elective paper
- Aspirants of competitive exams that test basic macroeconomics
What you need
- Principles of Microeconomics (Semester 1) or basic knowledge of demand, supply and graphs
Online tests & result
Practice and unit tests online; marks and result show in your student login and at the centre.
Student login →
Questions
Which syllabus does this course follow?
It follows the UP State Universities NEP 2020 common minimum syllabus (MGKVP, VBSPU, Lucknow University and others) for B.A Economics, Semester 2. Where your own university's syllabus differs, the centre follows your university syllabus.
How will I be tested?
Unit-wise MCQ tests, short and long answer practice in university exam pattern, and a final mock paper.
Are numericals asked in macroeconomics?
Yes, short ones on national income aggregates, real GDP and the multiplier; all are practised in class.
